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    "concept": "capitaplc:ProceedsFromCrossCurrencyInterestRateSwapsClassifiedAsFinancingActivities",
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   "value": "<div class=\"t m0 h38 ff3e fs5 fc3 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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc3 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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc3 sc0 ls9 ws1 gsd\">which it relates.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc3 sc0 ls9 ws1 gse\">This section also includes details of new accounting standards, amend<span class=\"_ _1\"></span>ments and interpretations<span class=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc3 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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc3 sc0 ls57 ws46 gs10\">performance of the Group.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc3 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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc3 sc0 ls9 ws1 gs12\">notes to these consolidated financial statements:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff3f fs5 fc3 sc0 ls57 ws46 gs13\">Denotes accounting policies<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc3 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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc3 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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc3 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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc3 sc0 ls57 ws46 gs18\">pages 14 to 21.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc3 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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc3 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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc3 sc0 ls9 ws1 gs1c\">to the nearest tenth of a million (\u00a3m) except where otherwise indicated.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff3f fs5 fc1 sc0 ls57 ws46 gs1d\">Statement of compliance<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc3 sc0 ls57 ws46 gs1e\">These consolidated financial statements have been prepared in accordance with UK-adopt<span class=\"_ _2b\"></span>ed International<span class=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc3 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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc3 sc0 ls9 ws1 gs20\">Conduct Authority.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff3f fs5 fc1 sc0 ls57 ws46 gs21\">Basis of consolidation<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc3 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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc3 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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc3 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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc3 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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc3 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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc3 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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc3 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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc3 sc0 ls9 ws1 gs29\">in the non-controlling interests having a deficit balance.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc3 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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc3 sc0 ls9 ws1 gs2c\">acquisition profits or losses and other changes in net assets less any impa<span class=\"_ _1\"></span>irment.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff3f fs5 fc1 sc0 ls57 ws46 gs2e\">Going concern<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs33\">uncertainties, sensitivities, and mitigations as set out below.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc3 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 fc3 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 fc3 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 fc3 sc0 ls57 ws46 gs37\">Board has considered the period from the date of approval of these financial statem<span class=\"_ _2b\"></span>ents to 30<span class=\"_ gs15\"> </span>June 2025 </div><div class=\"t m0 h38 ff3e fs5 fc3 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 fc3 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 fc3 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 fc3 sc0 ls57 ws46 gs3b\">in the period to 30 June 2025.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc3 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 fc3 sc0 ls57 ws46 gs3d\">business plans as approved by the Board in December 2023.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc3 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 fc3 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 fc3 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 fc3 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=\"_ _2b\"></span> </div><div class=\"t m0 h38 ff3e fs5 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls57 ws46 gs47\">loan notes.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc1 sc0 ls9 ws1 gs48\">Financial position at <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff3e fs5 fc3 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 fc3 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=\"_ _2af\"> </span></span></div><div class=\"t m0 h3e ff3e fs1c fc3 sc0 ls9 ws1 gs4b\">1</div><div class=\"t m0 h38 ff3e fs5 fc3 sc0 ls57 ws46 gs4c\"> of<span class=\"ls9 ws1\"> </span>\u00a3182.1m (2022: </div><div class=\"t m0 h38 ff3e fs5 fc3 sc0 ls57 ws46 gs4d\">\u00a384.9m<span class=\"ls9 ws1\">), available liquidity<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h3e ff3e fs1c fc3 sc0 ls9 ws1 gs4e\">1</div><div class=\"t m0 h38 ff3e fs5 fc3 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 fc3 sc0 ls9 ws1 gs50\">(refer to note 4.1.2 to the consolidated financial statements).<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff3f fs5 fc1 sc0 ls57 ws46 gs51\">Board assessment<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc1 sc0 ls9 ws1 gs52\">Base case scenario<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls57 ws46 gs58\">the planned revenue grow<span class=\"ls9 ws1\">th and efficiency savings following the announcement of the Group\u2019s restructu<span class=\"_ _1\"></span>ring </span></div><div class=\"t m0 h38 ff3e fs5 fc3 sc0 ls57 ws46 gs59\">programme.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc3 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 fc3 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 fc3 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 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 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=\"_ _2b\"></span>June </div><div class=\"t m0 h38 ff42 fs5 fc3 sc0 ls57 ws46 gs60\">2025.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc1 sc0 ls9 ws1 gs61\">Severe but plausible downside scenario<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 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 fc3 sc0 ls9 ws1 gs63\">adverse financial impacts resulting from the following risks:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 sc0 ls9 ws1 gs64\">\u2022<span class=\"_ _ae\"> </span>revenue growth falling materially short of plan;<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 sc0 ls9 ws1 gs65\">\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">operating profit margin expansion not being achieved;<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff42 fs5 fc3 sc0 ls9 ws1 gs66\">\u2022<span class=\"_ _ae\"> </span>targeted cost savings delayed or not delivere<span class=\"_ _1\"></span>d;<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 sc0 ls9 ws1 gs69\">\u2022<span class=\"_ _ae\"> </span>volatility in interest rates;<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 sc0 ls9 ws1 gs6b\">\u2022<span class=\"_ _ae\"> </span>unexpected financial costs linked to incidents su<span class=\"_ _1\"></span>ch as data breaches and/or cyber-attacks.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls57 ws46 gs73\">debt covenant measures throughout the going concern period to 30<span class=\"_ gs15\"> </span>June 2025.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc1 sc0 ls57 ws46 gs74\">Adoption of going concern basis<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 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 fc3 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 fc3 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 fc3 sc0 ls57 ws46 gs78\">continues to adopt the going concern basis in preparing these consolidated financial st<span class=\"_ _2b\"></span>atements. The Board </div><div class=\"t m0 h38 ff42 fs5 fc3 sc0 ls57 ws46 gs79\">has concluded that the Group and Parent Company will be able to continue in operation and meet t<span class=\"_ _2b\"></span>heir </div><div class=\"t m0 h38 ff42 fs5 fc3 sc0 ls9 ws1 gs7a\">liabilities as they fall due over the period to 30<span class=\"_ gs15\"> </span>June 2025.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff42 fs8 fc3 sc0 ls58 ws47 gs7b\">1.Refer to alternative performance measures in section 8.2 to the financial statements.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff43 fs5 fc1 sc0 ls57 ws46 gs7d\">Foreign currency translation<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs85\">statement.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 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 fc3 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 fc3 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 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 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 fc3 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 fc3 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 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs91\">statement.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff43 fs5 fc1 sc0 ls57 ws46 gs92\">Current versus non-current classification<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 sc0 ls9 ws1 gs94\">current.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 sc0 ls9 ws1 gs95\">An asset is current when it is:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 sc0 ls9 ws1 gs97\">\u2022<span class=\"_ _ae\"> </span>Held primarily for the purpose of trading;<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 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 fc3 sc0 ls9 ws1 gs9a\">twelve months after the balance sheet date.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 sc0 ls9 ws1 gs9b\">All other assets are classified as non-current.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 sc0 ls9 ws1 gs9c\">A liability is current when:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 sc0 ls9 ws1 gs9e\">\u2022<span class=\"_ _ae\"> </span>It is held primarily for the purpose of trading;<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 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 fc3 sc0 ls57 ws46 gsa1\">balance sheet date.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc3 sc0 ls9 ws1 gsa2\">All other liabilities are classified as non-current.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff45 fs5 fc1 sc0 ls57 ws46 gsa4\">Recoverable amount of non-current assets<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gsab\">independent of those from other assets or groups of assets.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff45 fs5 fc1 sc0 ls57 ws46 gsac\">Consideration of climate change<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc3 sc0 ls57 ws46 gsad\">The impact of climate change has been considered in the preparation of these consolidated f<span class=\"_ _2b\"></span>inancial </div><div class=\"t m0 h38 ff46 fs5 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gsb1\">assumptions or on the consolidated financial statements of the Group<span class=\"_ _1\"></span>.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc3 sc0 ls9 ws1 gsb2\">The following areas were considered during the preparation<span class=\"_ _1\"></span> of these consolidated financial statements:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc3 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 fc3 sc0 ls9 ws1 gsb6\">intangible assets such as customer contracts and goodwill;<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc3 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 fc3 sc0 ls9 ws1 gsba\">1</div><div class=\"t m0 h38 ff46 fs5 fc3 sc0 ls9 ws1 gsbb\"> impact expected from </div><div class=\"t m0 h38 ff46 fs5 fc3 sc0 ls57 ws46 gsbc\">climate change on the Group.</div><div class=\"t m0 h38 ff46 fs7 fc7 sc0 ls9 ws1 gsbd\"> <span class=\"fs5 fc3\">The Group will continue to monitor it\u2019s climate strategy and the impact that </span></div><div class=\"t m0 h38 ff46 fs5 fc3 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 fc3 sc0 ls9 ws1 gsbf\">on assets and liabilities recognised and presented in its consolidate<span class=\"_ _1\"></span>d financial statements.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff45 fs5 fc1 sc0 ls57 ws46 gsc0\">Significant accounting judgements, estimates and assumptions<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gsc9\">of contract assets and, onerous contract provisions.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff46 fs8 fc3 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=\"_ _2b\"></span>tion of the Strategic Report<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc1 sc0 ls57 ws46 gscc\">Judgements<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gscf\">below and set out in more detail in the related note(s):<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc3 sc0 ls9 ws1 gsd0\">\u2022<span class=\"_ _ae\"> </span>Contract accounting (note 2.1):<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc3 sc0 ls9 ws1 gsd1\">\u2013<span class=\"_ _1a0\"> </span><span class=\"ls57 ws46\">Revenue rec<span class=\"_ _2b\"></span>ognition;<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff46 fs5 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc1 sc0 ls9 ws1 gsd4\">Estimates<span class=\"ls57 ws46\"> and assumptions<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff46 fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gsd9\">financial statements were prepared.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gsdc\">into the assumptions when they occur:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc3 sc0 ls9 ws1 gsdd\">\u2022<span class=\"_ _ae\"> </span>Contract accounting (note<span class=\"_ gs15\"> </span>2.1):<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc3 sc0 ls9 ws1 gsde\">\u2013<span class=\"_ _1a0\"> </span>Impairment of contract fulfilment assets;<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc3 sc0 ls9 ws1 gsdf\">\u2013<span class=\"_ _1a0\"> </span>Customer and onerous contract provisions;<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc3 sc0 ls9 ws1 gse0\">\u2022<span class=\"_ _ae\"> </span>Deferred tax asset recognition (note<span class=\"_ gs15\"> </span>2.6); and<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc3 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=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff46 fs5 fc3 sc0 ls57 ws46 gse2\">For ease of reference, the symbols below have been used to denote significant accounti<span class=\"_ _2b\"></span>ng judgements and/<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc3 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 fc3 sc0 ls9 ws1 gse4\">consolidated financial statements:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff45 fs5 fc3 sc0 ls57 ws46 gse5\">Denotes significant accounting judgements<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff45 fs5 fc3 sc0 ls57 ws46 gse6\">Denotes significant accounting estimates and assumptions<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff47 fs5 fc1 sc0 ls57 ws46 gse8\">New standards and interpretations adopted<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc3 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 fc3 sc0 ls57 ws46 gsea\">Group has adopted the new, and amendments to, standards listed below. These amendments were ei<span class=\"_ _2b\"></span>ther </div><div class=\"t m0 h38 ff48 fs5 fc3 sc0 ls9 ws1 gseb\">not applicable or not material to the Group or Parent Company.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff48 fs8 fc3 sc0 ls58 ws47 gsec\">International Accounting Standards (IAS/IFRS)<span class=\"_ _1e2\"> </span>Effective date<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc3 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=\"_ _118\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff48 fs5 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc3 sc0 ls57 ws46 gsef\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc3 sc0 ls9 ws1 gsf0\">Definition of Accounting Estimates (Amendments to IAS<span class=\"_ gs15\"> </span>8)<span class=\"_ _1e3\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff48 fs5 fc3 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 fc3 sc0 ls9 ws1 gsf2\">(Amendments to IAS<span class=\"_ gs15\"> </span>12)<span class=\"_ _d4\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff48 fs5 fc3 sc0 ls9 ws1 gsf3\">International Tax Reform - Pillar Two Model Rules (Amendments to IAS<span class=\"_ gs15\"> </span>12)<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc3 sc0 ls57 ws46 gsf4\">1 January 2023<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff47 fs5 fc1 sc0 ls57 ws46 gsf6\">New standards and interpretations not yet adopted<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc3 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 fc3 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 fc3 sc0 ls57 ws46 gsf9\">effective for annual reporting periods beginning on or after the date indicated:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff48 fs8 fc3 sc0 ls58 ws47 gsfa\">International Accounting Standards (IAS/IFRS)<span class=\"_ _1e2\"> </span>Effective date<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc3 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 fc3 sc0 ls9 ws1 gsfc\">Covenants - Amendments to IAS<span class=\"_ gs15\"> </span>1<span class=\"_ _1e4\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff48 fs5 fc3 sc0 ls9 ws1 gsfd\">Lease Liability in a Sale and Leaseback - Amendments to IFRS<span class=\"_ gs15\"> </span>16<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc3 sc0 ls57 ws46 gsfe\">1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc3 sc0 ls9 ws1 gsff\">Supplier Finance Arrangements - Amendments to IAS<span class=\"_ gs15\"> </span>7 and IFRS<span class=\"_ gs15\"> </span>7<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc3 sc0 ls57 ws46 gs100\">1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc3 sc0 ls9 ws1 gs101\">Lack of exchangeability - Amendments to IAS<span class=\"_ gs15\"> </span>21<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3e ff48 fs1c fc3 sc0 ls9 ws1 gs102\">1<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc3 sc0 ls57 ws46 gs103\">1<span class=\"_ gs15\"> </span>January 2025<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff48 fs8 fc3 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 fc3 sc0 ls58 ws47 gs105\">Board.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc3 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 fc3 sc0 ls9 ws1 gs107\">presented in accordance with these standards from the effective date<span class=\"_ _1\"></span>.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff56 fs5 fc3 sc0 ls57 ws46 gs175\">Accounting policies </div><div class=\"t m0 h38 ff57 fs5 fc1 sc0 ls57 ws46 gs176\">Revenue<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 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 fc3 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=\"_ _2af\"> </span></span></span></div><div class=\"t m0 h38 ff57 fs5 fc3 sc0 ls57 ws46 gs179\">The revenue and profits recognised in any period are based on the delivery of performance obligat<span class=\"_ _2b\"></span>ions and </div><div class=\"t m0 h38 ff57 fs5 fc3 sc0 ls9 ws1 gs17a\">an assessment of when control is transferred to the customer.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs180\">the MSA, are treated as individual contracts.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls57 ws46 gs185\">period over which revenue from performance obligations may be recognised and the period ov<span class=\"_ _2b\"></span>er which non-<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 sc0 ls9 ws1 gs186\">current contract fulfilment assets and capitalised costs to obtain a contract are e<span class=\"_ _1\"></span>xpensed.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 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 fc3 sc0 ls57 ws46 gs188\">of outsourced services, management applies judgement to consider whether those pr<span class=\"_ _2b\"></span>omised goods and </div><div class=\"t m0 h38 ff57 fs5 fc3 sc0 ls9 ws1 gs189\">services are:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 sc0 ls9 ws1 gs18a\">(i)<span class=\"_ _43\"> </span>distinct \u2013 to be accounted for as separate performance obligations;<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 sc0 ls9 ws1 gs18b\">(ii)<span class=\"_ _e6\"> </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 fc3 sc0 ls9 ws1 gs18c\">distinct; or,<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 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 fc3 sc0 ls9 ws1 gs18e\">pattern of transfer to the customer.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs194\">reversal will occur.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 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 fc3 sc0 ls57 ws46 gs196\">additional goods and services unless these are already agreed.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs199\">those performance obligations are satisfied.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls57 ws46 gs19f\">the standalone selling price of each performance obligation.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs1a3\">to only one performance obligation in a contract.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 sc0 ls57 ws46 gs1a4\">For each performance obligation to be recognised over-time, the Group applies a revenue r<span class=\"_ _2b\"></span>ecognition </div><div class=\"t m0 h38 ff57 fs5 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs1a8\">similar performance obligations in other contracts.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs1af\">user numbers; service activity levels; or fees collected.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs1b3\">incremental benefits received by the customer from efforts to date.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 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 fc3 sc0 ls9 ws1 gs1b5\">a point-in-time when the service or good is delivered.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc1 sc0 ls9 ws1 gs1b6\">Contract modifications<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs1bb\">one of the following ways:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 sc0 ls57 ws46 gs1bc\">a)<span class=\"_ _43\"> </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 fc3 sc0 ls9 ws1 gs1bd\">services are provided on an existing contact);<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 sc0 ls57 ws46 gs1be\">b)<span class=\"_ _43\"> </span><span class=\"ls9 ws1\">prospectively as a termination of the existing contract and creation of a new contract;<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff57 fs5 fc3 sc0 ls9 ws1 gs1bf\">c)<span class=\"_ _183\"> </span>as part of the origin<span class=\"_ _1\"></span>al contract using a cumulative catch up (this is typically where the modification </div><div class=\"t m0 h38 ff57 fs5 fc3 sc0 ls9 ws1 gs1c0\">changes the services provided to date); or,<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 sc0 ls57 ws46 gs1c1\">d)<span class=\"_ _43\"> </span><span class=\"ls9 ws1\">as a combination of (b) and (c).<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff57 fs5 fc3 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 fc3 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 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc3 sc0 ls9 ws1 gs1c5\">termination and a modification of the remaining performance oblig<span class=\"_ _1\"></span>ations.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc3 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 fc3 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 fc3 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 fc3 sc0 ls57 ws46 gs1ca\">obligations of the parties. Depending upon the outcome of such negotiations, the timi<span class=\"_ _2b\"></span>ng and amount of </div><div class=\"t m0 h38 ff5a fs5 fc3 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 fc3 sc0 ls57 ws46 gs1cc\">contracts are undertaken through an agreed formal process. For example, if a change i<span class=\"_ _2b\"></span>n scope has been </div><div class=\"t m0 h38 ff5a fs5 fc3 sc0 ls57 ws46 gs1cd\">approved but the corresponding change in price is still being negotiated, management uses <span class=\"_ _2b\"></span>judgement to </div><div class=\"t m0 h38 ff5a fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs1d3\">reversal of an indexation adjustment will not occur.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc1 sc0 ls9 ws1 gs1d4\">Principal versus agent<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc3 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 fc3 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 fc3 sc0 ls57 ws46 gs1de\">be agent or principal dependent upon the facts and circumstances of the arrangement and the nature of<span class=\"_ _2b\"></span> the </div><div class=\"t m0 h38 ff5a fs5 fc3 sc0 ls9 ws1 gs1df\">services being delivered.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc3 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 fc3 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 fc3 sc0 ls57 ws46 gs1e2\">revenue.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc1 sc0 ls57 ws46 gs1e3\">Licences<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs1e6\">or passive involves judgement.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs1ec\">significant standalone functionality are treated as passive licences.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls57 ws46 gs1f1\">accounted for as a separate performance obligation.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc3 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 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc3 sc0 ls9 ws1 gs1f5\">in-time (passive) from the go-live date of the licence.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc1 sc0 ls57 ws46 gs1f6\">Deferred and accrued income<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc3 sc0 ls57 ws46 gs1f7\">The Group\u2019s customer contracts include a diverse range of payment schedules dependent<span class=\"_ _2b\"></span> upon the nature </div><div class=\"t m0 h38 ff5a fs5 fc3 sc0 ls57 ws46 gs1f8\">and type of goods and/or services being provided. This can include performance-based pay<span class=\"_ _2b\"></span>ments or </div><div class=\"t m0 h38 ff5a fs5 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs1fc\">activities.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc3 sc0 ls57 ws46 gs1fd\">Where payments received are greater than the revenue recognised up to the balance sheet date, the G<span class=\"_ _2b\"></span>roup </div><div class=\"t m0 h38 ff5a fs5 fc3 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 fc3 sc0 ls57 ws46 gs1ff\">the revenue recognised up to the balance sheet date, the Group recognises an accrued contract i<span class=\"_ _2b\"></span>ncome </div><div class=\"t m0 h38 ff5a fs5 fc3 sc0 ls9 ws1 gs200\">asset for this difference.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs205\">and is written down to its recoverable amount.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff59 fs5 fc1 sc0 ls57 ws46 gs206\">Contract types<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls57 ws46 gs20b\">commencement date.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc1 sc0 ls9 ws1 gs20c\">Long-term contractual \u2013 greater than two years<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc3 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 fc3 sc0 ls9 ws1 gs20e\">of contracts or performance obligations within this revenue type includes:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc3 sc0 ls9 ws1 gs20f\">(i)<span class=\"_ _43\"> </span>long-term outsourced service arrangements in the public and private sectors; and<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc3 sc0 ls9 ws1 gs210\">(ii)<span class=\"_ _e6\"> </span>active software licence arrangements.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs214\">therefore treats the series as one performance obligation.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc1 sc0 ls9 ws1 gs215\">Short-term contractual \u2013 less than two years<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc3 sc0 ls9 ws1 gs216\">The nature of contracts or performance obligations within this revenu<span class=\"_ _1\"></span>e type includes:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc3 sc0 ls9 ws1 gs217\">(i)<span class=\"_ _43\"> </span>short-term outsourced service arrangements in the public and private sectors; and<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc3 sc0 ls9 ws1 gs218\">(ii)<span class=\"_ _e6\"> </span>software maintenance contracts.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5c fs5 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs21d\">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 fc3 sc0 ls9 ws1 gs21e\">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 fc3 sc0 ls9 ws1 gs21f\">and is transferred in the same pattern to the customer.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5c fs5 fc1 sc0 ls9 ws1 gs220\">Transactional (point-in-time) contracts<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5c fs5 fc3 sc0 ls9 ws1 gs221\">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 fc3 sc0 ls9 ws1 gs222\">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 fc3 sc0 ls9 ws1 gs223\">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 fc3 sc0 ls9 ws1 gs224\">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 fc3 sc0 ls9 ws1 gs225\">acceptance criteria.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5c fs5 fc3 sc0 ls9 ws1 gs226\">The nature of contracts or performance obligations within this revenu<span class=\"_ _1\"></span>e type includes:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5c fs5 fc3 sc0 ls9 ws1 gs227\">(i)<span class=\"_ _43\"> </span><span class=\"ls57 ws46\">provision of computing hardware goods;<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff5c fs5 fc3 sc0 ls9 ws1 gs228\">(ii)<span class=\"_ _e6\"> </span>passive software licence agreements; </div><div class=\"t m0 h38 ff5c fs5 fc3 sc0 ls9 ws1 gs229\">(iii)<span class=\"_ _9\"> </span>commission received as agent from the sale of third-party software; and<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5c fs5 fc3 sc0 ls9 ws1 gs22a\">(iv)<span class=\"_ _a\"> </span>fees received in relation to the delivery of professional services.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff61 fs5 fc3 sc0 ls57 ws46 gs28a\">Accounting policies<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff62 fs5 fc3 sc0 ls9 ws1 gs28b\">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 fc3 sc0 ls9 ws1 gs28c\">items to enable users to better assess the entity\u2019s financial performance.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff62 fs5 fc3 sc0 ls9 ws1 gs28d\">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 fc3 sc0 ls9 ws1 gs28e\">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 fc3 sc0 ls9 ws1 gs28f\">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 fc3 sc0 ls9 ws1 gs290\">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 fc3 sc0 ls9 ws1 gs291\">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 fc3 sc0 ls9 ws1 gs292\">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 fc3 sc0 ls9 ws1 gs293\">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 fc3 sc0 ls9 ws1 gs294\">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 fc3 sc0 ls9 ws1 gs295\">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 fc3 sc0 ls9 ws1 gs296\">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 fc3 sc0 ls9 ws1 gs297\">details of the Group\u2019s APMs.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff62 fs5 fc3 sc0 ls57 ws46 gs298\">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 fc3 sc0 ls9 ws1 gs299\">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 fc3 sc0 ls9 ws1 gs29a\">with similarly titled measures presented by other companies.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff62 fs5 fc3 sc0 ls9 ws1 gs29b\">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 fc3 sc0 ls9 ws1 gs29c\">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 fc3 sc0 ls9 ws1 gs29d\">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 fc3 sc0 ls57 ws46 gs29e\">associated with the cost reduction programme announced in November 2023.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff61 fs5 fc3 sc0 ls57 ws46 gs2a0\">Amortisation and impairment of acquired intangible assets:<span class=\"ff62\"> the Group recognised acquired intangible </span></div><div class=\"t m0 h38 ff62 fs5 fc3 sc0 ls9 ws1 gs2a1\">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 fc3 sc0 ls9 ws1 gs2a2\">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 fc3 sc0 ls9 ws1 gs2a3\">included within administrative expenses.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff61 fs5 fc3 sc0 ls9 ws1 gs2a4\">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 fc3 sc0 ls9 ws1 gs2a5\">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 fc3 sc0 ls9 ws1 gs2a6\">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 fc3 sc0 ls9 ws1 gs2a7\">included within administrative expenses.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff61 fs5 fc3 sc0 ls57 ws46 gs2a8\">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=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff62 fs5 fc3 sc0 ls9 ws1 gs2a9\">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 fc3 sc0 ls9 ws1 gs2aa\">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=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff61 fs5 fc3 sc0 ls57 ws46 gs2ab\">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 fc3 sc0 ls9 ws1 gs2ac\">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 fc3 sc0 ls9 ws1 gs2ad\">which income statement line items are impacted by business exits.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff61 fs5 fc3 sc0 ls57 ws46 gs2ae\">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 fc3 sc0 ls9 ws1 gs2af\">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 fc3 sc0 ls9 ws1 gs2b0\">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 fc3 sc0 ls57 ws46 gs2b1\">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 fc3 sc0 ls9 ws1 gs2b2\">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 fc3 sc0 ls9 ws1 gs2b3\">charge is included within administrative expenses.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff61 fs5 fc3 sc0 ls57 ws46 gs2b4\">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 fc3 sc0 ls9 ws1 gs2b5\">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 fc3 sc0 ls57 ws46 gs2b6\">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 fc3 sc0 ls9 ws1 gs2b7\">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 fc3 sc0 ls9 ws1 gs2b8\">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 fc3 sc0 ls9 ws1 gs2b9\">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 fc3 sc0 ls9 ws1 gs2ba\">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 fc3 sc0 ls9 ws1 gs2bb\">within administrative expenses.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff62 fs5 fc3 sc0 ls9 ws1 gs2bc\">Refer to note<span class=\"_ gs15\"> </span>2.9.1 for the cash flow impact of the above.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff66 fs5 fc3 sc0 ls57 ws46 gs2cb\">Accounting policies<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff67 fs5 fc3 sc0 ls5e ws4d gs2cc\">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 fc3 sc0 ls5e ws4d gs2cd\">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 fc3 sc0 ls5e ws4d gs2ce\">income.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff67 fs5 fc3 sc0 ls9 ws1 gs2cf\">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 fc3 sc0 ls9 ws1 gs2d0\">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 fc3 sc0 ls9 ws1 gs2d1\">respect of previous years.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff67 fs5 fc3 sc0 ls9 ws1 gs2d2\">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 fc3 sc0 ls9 ws1 gs2d3\">between the tax bases of assets and liabilities and their carrying amou<span class=\"_ _1\"></span>nts for financial reporting purposes.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff67 fs5 fc3 sc0 ls9 ws1 gs2d4\">Deferred tax liabilities are recognised for all taxable temporary difference<span class=\"_ _1\"></span>s:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff67 fs5 fc3 sc0 ls9 ws1 gs2d5\">\u2022<span class=\"_ _ae\"> </span>except where the deferred tax liability arises from the<span class=\"_ _1\"></span> initial recognition of goodwill;<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff67 fs5 fc3 sc0 ls9 ws1 gs2d6\">\u2022<span class=\"_ _ae\"> </span>except where the deferred tax liability arises from the<span class=\"_ _1\"></span> initial recognition of an asset or liability in a </div><div class=\"t m0 h38 ff67 fs5 fc3 sc0 ls9 ws1 gs2d7\">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 fc3 sc0 ls9 ws1 gs2d8\">accounting profit nor taxable profit or loss; and<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff67 fs5 fc3 sc0 ls9 ws1 gs2d9\">\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 fc3 sc0 ls9 ws1 gs2da\">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 fc3 sc0 ls9 ws1 gs2db\">controlled and it is probable that the temporary differences will not reve<span class=\"_ _1\"></span>rse in the foreseeable future.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff67 fs5 fc3 sc0 ls9 ws1 gs2dc\">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 fc3 sc0 ls9 ws1 gs2dd\">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 fc3 sc0 ls9 ws1 gs2de\">deferred tax asset to be utilised.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff67 fs5 fc3 sc0 ls9 ws1 gs2df\">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 fc3 sc0 ls9 ws1 gs2e0\">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 fc3 sc0 ls57 ws46 gs2e1\">substantively enacted at the balance sheet date.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6f fs5 fc3 sc0 ls9 ws1 gs381\">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 fc3 sc0 ls57 ws46 gs382\">equity holders of the Parent Company by the weighted average number of ordinary shares<span class=\"_ _2b\"></span> outstanding </div><div class=\"t m0 h38 ff6f fs5 fc3 sc0 ls57 ws46 gs383\">during the year.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6f fs5 fc3 sc0 ls9 ws1 gs384\">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 fc3 sc0 ls9 ws1 gs385\">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 fc3 sc0 ls57 ws46 gs386\">outstanding during the year plus the weighted average number of ordinary shares that would be i<span class=\"_ _2b\"></span>ssued on </div><div class=\"t m0 h38 ff6f fs5 fc3 sc0 ls9 ws1 gs387\">the conversion of all the dilutive potential ordinary shares into ordin<span class=\"_ _1\"></span>ary shares.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff71 fs5 fc3 sc0 ls57 ws46 gs396\">Accounting policies<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff72 fs5 fc1 sc0 ls9 ws1 gs397\">Business exits<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff72 fs5 fc3 sc0 ls9 ws1 gs398\">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 fc3 sc0 ls9 ws1 gs399\">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 fc3 sc0 ls9 ws1 gs39a\">\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 fc3 sc0 ls57 ws46 gs39b\">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 fc3 sc0 ls9 ws1 gs39c\">disposal or business closure is significant, which is normally understood to mea<span class=\"_ _1\"></span>n a reported segment.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff72 fs5 fc3 sc0 ls9 ws1 gs39d\">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 fc3 sc0 ls9 ws1 gs39e\">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 fc3 sc0 ls9 ws1 gs39f\">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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff72 fs5 fc1 sc0 ls9 ws1 gs3a0\">Assets held for sale<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff72 fs5 fc3 sc0 ls9 ws1 gs3a1\">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 fc3 sc0 ls9 ws1 gs3a2\">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 fc3 sc0 ls9 ws1 gs3a3\">(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 fc3 sc0 ls9 ws1 gs3a4\">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 fc3 sc0 ls9 ws1 gs3a5\">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 fc3 sc0 ls9 ws1 gs3a6\">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 fc3 sc0 ls9 ws1 gs3a7\">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 fc3 sc0 ls9 ws1 gs3a8\">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 fc3 sc0 ls9 ws1 gs3a9\">year from the date of classification.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff72 fs5 fc3 sc0 ls9 ws1 gs3aa\">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 fc3 sc0 ls9 ws1 gs3ab\">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 fc3 sc0 ls9 ws1 gs3ac\">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 fc3 sc0 ls9 ws1 gs3ad\">(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=\"_ _2b\"></span>e deemed to have </span></div><div class=\"t m0 h38 ff72 fs5 fc3 sc0 ls9 ws1 gs3ae\">met this threshold.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff72 fs5 fc3 sc0 ls57 ws46 gs3b0\">Trading revenue and costs represent the current period trading performance of the above bus<span class=\"_ _2b\"></span>inesses up to </div><div class=\"t m0 h38 ff72 fs5 fc3 sc0 ls57 ws46 gs3b1\">the point of being disposed or exited, and in the comparative period those businesses di<span class=\"_ _2b\"></span>sposed of during </div><div class=\"t m0 h38 ff72 fs5 fc3 sc0 ls9 ws1 gs3b2\">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 fc3 sc0 ls9 ws1 gs3b3\">infrastructure consultancy, Optima Legal Services, Pay360, and Capita Tran<span class=\"_ _1\"></span>slation and Interpreting).<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff72 fs5 fc3 sc0 ls57 ws46 gs3b4\">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 fc3 sc0 ls9 ws1 gs3b5\">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 fc3 sc0 ls9 ws1 gs3b6\">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 fc3 sc0 ls9 ws1 gs3b7\">(<span class=\"ls57 ws46\">2022</span>: \u00a3nil).<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff72 fs5 fc3 sc0 ls9 ws1 gs3b8\">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 fc3 sc0 ls9 ws1 gs3b9\">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 fc3 sc0 ls57 ws46 gs3ba\">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 fc3 sc0 ls9 ws1 gs3bb\">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=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff72 fs5 fc3 sc0 ls9 ws1 gs3bc\">assets of <span class=\"ls57 ws46\">\u00a30.2m</span> (refer to note<span class=\"_ gs15\"> </span>3.5).<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff78 fs5 fc3 sc0 ls57 ws46 gs3c7\">Accounting policies<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff79 fs5 fc3 sc0 ls9 ws1 gs3c8\">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 fc3 sc0 ls9 ws1 gs3c9\">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 fc3 sc0 ls9 ws1 gs3ca\">floating rates based on prevailing bank deposit rates.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff80 fs5 fc3 sc0 ls57 ws46 gs403\">Accounting policies<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff80 fs5 fc3 sc0 ls57 ws46 gs404\">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 fc3 sc0 ls9 ws1 gs405\">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 fc3 sc0 ls57 ws46 gs406\">represent their recoverable amount.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff80 fs5 fc3 sc0 ls9 ws1 gs407\">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 fc3 sc0 ls57 ws46 gs408\">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 fc3 sc0 ls9 ws1 gs409\">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 fc3 sc0 ls9 ws1 gs40a\">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 fc3 sc0 ls57 ws46 gs40b\">recoverable amount.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff81 fs5 fc3 sc0 ls9 ws1 gs40c\">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 fc3 sc0 ls9 ws1 gs40d\">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 fc3 sc0 ls57 ws46 gs40e\">provided.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff80 fs5 fc3 sc0 ls57 ws46 gs40f\">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 fc3 sc0 ls9 ws1 gs410\">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 fc3 sc0 ls9 ws1 gs411\">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 fc3 sc0 ls9 ws1 gs412\">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 fc3 sc0 ls9 ws1 gs413\">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 fc3 sc0 ls9 ws1 gs414\">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 fc3 sc0 ls9 ws1 gs415\">retained substantially all the risks and rewards of the asset, but has transfe<span class=\"_ _1\"></span>rred control of the asset.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff81 fs5 fc3 sc0 ls9 ws1 gs416\">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 fc3 sc0 ls9 ws1 gs417\">rewards of the receivables have been fully transferred.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff80 fs5 fc3 sc0 ls57 ws46 gs418\">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 fc3 sc0 ls9 ws1 gs419\">from customers are less than the revenue recognised by the balance<span class=\"_ _1\"></span> sheet date.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff83 fs5 fc3 sc0 ls57 ws46 gs442\">Accounting policies<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff84 fs5 fc3 sc0 ls9 ws1 gs443\">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 fc3 sc0 ls9 ws1 gs444\">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 fc3 sc0 ls9 ws1 gs445\">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 fc3 sc0 ls9 ws1 gs446\">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 fc3 sc0 ls9 ws1 gs447\">for intangible assets), recruitment costs and training.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff84 fs5 fc3 sc0 ls9 ws1 gs448\">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 fc3 sc0 ls9 ws1 gs449\">as incurred.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff84 fs5 fc3 sc0 ls9 ws1 gs44a\">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 fc3 sc0 ls9 ws1 gs44b\">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 fc3 sc0 ls9 ws1 gs44c\">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=\"_ _2af\"> </span></span></span></div><div class=\"t m0 h38 ff84 fs5 fc3 sc0 ls9 ws1 gs44e\">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 fc3 sc0 ls9 ws1 gs44f\">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 fc3 sc0 ls9 ws1 gs450\">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 fc3 sc0 ls9 ws1 gs451\">continuing to satisfy) performance obligations in the future; and (iii) are e<span class=\"_ _1\"></span>xpected to be recovered.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff84 fs5 fc3 sc0 ls9 ws1 gs452\">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 fc3 sc0 ls9 ws1 gs453\">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 fc3 sc0 ls9 ws1 gs454\">capitalised as contract fulfilment assets.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff84 fs5 fc3 sc0 ls9 ws1 gs455\">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 fc3 sc0 ls9 ws1 gs456\">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 fc3 sc0 ls9 ws1 gs457\">contract and sales commissions when it enters into a new contract.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff84 fs5 fc3 sc0 ls9 ws1 gs458\">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 fc3 sc0 ls9 ws1 gs459\">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 fc3 sc0 ls9 ws1 gs45a\">directly related to winning a specific contract.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff84 fs5 fc3 sc0 ls9 ws1 gs45b\">Costs incurred prior to selection as preferred supplier are not capitalised<span class=\"_ _1\"></span> but expensed when incurred.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff83 fs5 fc3 sc0 ls9 ws1 gs45c\">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 fc3 sc0 ls9 ws1 gs45d\">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 fc3 sc0 ls9 ws1 gs45e\">the Group transfers control of the service to the customer.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff83 fs5 fc3 sc0 ls57 ws46 gs45f\">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 fc3 sc0 ls9 ws1 gs460\">when no further economic benefits are expected to flow from its use or disp<span class=\"_ _1\"></span>osal.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff83 fs5 fc3 sc0 ls9 ws1 gs461\">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 fc3 sc0 ls9 ws1 gs462\">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 fc3 sc0 ls9 ws1 gs463\">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 fc3 sc0 ls9 ws1 gs464\">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 fc3 sc0 ls9 ws1 gs465\">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 fc3 sc0 ls9 ws1 gs466\">the transaction price are removed for the impairment test.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff86 fs5 fc3 sc0 ls57 ws46 gs484\">Accounting policies<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff87 fs5 fc3 sc0 ls9 ws1 gs485\">Property, plant and equipment is stated at cost less accumulated depre<span class=\"_ _1\"></span>ciation and any impairment in value.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff86 fs5 fc3 sc0 ls57 ws46 gs486\">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 fc3 sc0 ls9 ws1 gs487\">as follows:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff87 fs5 fc3 sc0 ls9 ws1 gs488\">\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Freehold buildings and long leasehold property \u2013 up to 50 years.<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff87 fs5 fc3 sc0 ls9 ws1 gs489\">\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Leasehold improvements \u2013 period of the lease.<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff87 fs5 fc3 sc0 ls9 ws1 gs48a\">\u2022<span class=\"_ _ae\"> </span>Plant and machinery \u2013 3 to 10 years.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff86 fs5 fc3 sc0 ls9 ws1 gs48b\">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 fc3 sc0 ls9 ws1 gs48c\">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 fc3 sc0 ls57 ws46 gs48d\">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 fc3 sc0 ls60 ws4f gs48e\">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 fc3 sc0 ls9 ws1 gs48f\">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 fc3 sc0 ls9 ws1 gs490\">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 fc3 sc0 ls9 ws1 gs491\">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 fc3 sc0 ls9 ws1 gs492\">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 fc3 sc0 ls9 ws1 gs493\">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 fc3 sc0 ls9 ws1 gs494\">statement.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff86 fs5 fc3 sc0 ls57 ws46 gs495\">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 fc3 sc0 ls9 ws1 gs496\">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 fc3 sc0 ls9 ws1 gs497\">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 fc3 sc0 ls9 ws1 gs498\">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 fc3 sc0 ls57 ws46 gs499\">derecognised.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff8a fs5 fc3 sc0 ls57 ws46 gs4a6\">Accounting policies<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff8b fs5 fc3 sc0 ls9 ws1 gs4a7\">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 fc3 sc0 ls9 ws1 gs4a8\">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 fc3 sc0 ls9 ws1 gs4a9\">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 fc3 sc0 ls9 ws1 gs4aa\">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 fc3 sc0 ls9 ws1 gs4ab\">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 fc3 sc0 ls9 ws1 gs4ac\">and amortised over the period during which the Group is expected to<span class=\"_ _1\"></span> benefit.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff8b fs5 fc3 sc0 ls9 ws1 gs4ad\">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 fc3 sc0 ls9 ws1 gs4ae\">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 fc3 sc0 ls9 ws1 gs4af\">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=\"_ _2af\"> </span></span></span></div><div class=\"t m0 h38 ff8a fs5 fc3 sc0 ls9 ws1 gs4b0\">Amortisation:<span class=\"ff8b fc1\"> <span class=\"fc3\">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 fc3 sc0 ls9 ws1 gs4b1\">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 fc3 sc0 ls9 ws1 gs4b2\">basis, the amortisation periods used are as follows:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff8b fs5 fc3 sc0 ls9 ws1 gs4b3\">\u2022<span class=\"_ _ae\"> </span>Intangible assets acquired in business combin<span class=\"_ _1\"></span>ations \u2013 1.5 to 20 years.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff8b fs5 fc3 sc0 ls9 ws1 gs4b4\">\u2022<span class=\"_ _ae\"> </span>Intangible assets purchased or internally cap<span class=\"_ _1\"></span>italised \u2013 3 to 20 years.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff8a fs5 fc3 sc0 ls9 ws1 gs4b5\">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 fc3 sc0 ls9 ws1 gs4b6\">cash-generating unit level, when there is an indicator of impairment.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff8a fs5 fc3 sc0 ls57 ws46 gs4b7\">Derecognition: <span class=\"ff8b\">Intangible assets are derecognised upon disposal, or when no future economic benefit<span class=\"_ _2b\"></span>s are </span></div><div class=\"t m0 h38 ff8b fs5 fc3 sc0 ls9 ws1 gs4b8\">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 fc3 sc0 ls9 ws1 gs4b9\">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 fc3 sc0 ls9 ws1 gs4ba\">asset, is included in the consolidated income statement when the asset is d<span class=\"_ _1\"></span>erecognised.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff8a fs5 fc3 sc0 ls57 ws46 gs4bc\">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 fc3 sc0 ls9 ws1 gs4bd\">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 fc3 sc0 ls9 ws1 gs4be\">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 fc3 sc0 ls9 ws1 gs4bf\">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 fc3 sc0 ls9 ws1 gs4c0\">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 fc3 sc0 ls57 ws46 gs4c1\">would change the valuation of the intangible assets.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff8a fs5 fc3 sc0 ls57 ws46 gs4c2\">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 fc3 sc0 ls9 ws1 gs4c3\">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 fc3 sc0 ls9 ws1 gs4c4\">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 fc3 sc0 ls9 ws1 gs4c5\">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 fc3 sc0 ls9 ws1 gs4c6\">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 fc3 sc0 ls9 ws1 gs4c7\">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 fc3 sc0 ls9 ws1 gs4c8\">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 fc3 sc0 ls9 ws1 gs4c9\">material.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff8e fs5 fc3 sc0 ls57 ws46 gs4d3\">Accounting policies<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff8f fs5 fc3 sc0 ls9 ws1 gs4d4\">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 fc3 sc0 ls9 ws1 gs4d5\">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 fc3 sc0 ls9 ws1 gs4d6\">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 fc3 sc0 ls9 ws1 gs4d7\">directly against reserves and does not get recycled through the con<span class=\"_ _1\"></span>solidated income statement.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff8f fs5 fc3 sc0 ls9 ws1 gs4d8\">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 fc3 sc0 ls9 ws1 gs4d9\">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 fc3 sc0 ls9 ws1 gs4da\">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 fc3 sc0 ls9 ws1 gs4db\">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 fc3 sc0 ls9 ws1 gs4dc\">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 fc3 sc0 ls9 ws1 gs4dd\">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 fc3 sc0 ls9 ws1 gs4de\">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 fc3 sc0 ls57 ws46 gs4df\">the operation disposed of and the portion of the CGU retained.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff8f fs5 fc3 sc0 ls9 ws1 gs4e0\">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 fc3 sc0 ls9 ws1 gs4e1\">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 fc3 sc0 ls9 ws1 gs4e2\">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 fc3 sc0 ls9 ws1 gs4e3\">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 fc3 sc0 ls9 ws1 gs4e4\">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 fc3 sc0 ls9 ws1 gs4e5\">attributed to the owners of the Parent company.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff8f fs5 fc3 sc0 ls9 ws1 gs4e6\">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 fc3 sc0 ls9 ws1 gs4e7\">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 fc3 sc0 ls9 ws1 gs4e8\">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 fc3 sc0 ls9 ws1 gs4e9\">transaction.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff8e fs5 fc3 sc0 ls9 ws1 gs4ea\">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 fc3 sc0 ls9 ws1 gs4eb\">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 fc3 sc0 ls9 ws1 gs4ec\">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 fc3 sc0 ls57 ws46 gs4ed\">rate.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff95 fs5 fc3 sc0 ls57 ws46 gs56b\">Accounting policies<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff96 fs5 fc3 sc0 ls9 ws1 gs56c\">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 fc3 sc0 ls9 ws1 gs56d\">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 fc3 sc0 ls9 ws1 gs56e\">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 fc3 sc0 ls9 ws1 gs56f\">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 fc3 sc0 ls9 ws1 gs570\">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 fc3 sc0 ls9 ws1 gs571\">events or changes in circumstances indicate the carrying value may not be<span class=\"_ _1\"></span> fully recoverable.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff96 fs5 fc3 sc0 ls9 ws1 gs572\">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 fc3 sc0 ls57 ws46 gs573\">expensed to the consolidated income statement when incurred.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff97 fs5 fc3 sc0 ls57 ws46 gs577\">Accounting policies<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff98 fs5 fc3 sc0 ls9 ws1 gs578\">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 fc3 sc0 ls9 ws1 gs579\">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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff98 fs5 fc3 sc0 ls9 ws1 gs57a\">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 fc3 sc0 ls9 ws1 gs57b\">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 fc3 sc0 ls9 ws1 gs57c\">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 fc3 sc0 ls9 ws1 gs57d\">The unwinding of the discount is recognised as a financing cost in th<span class=\"_ _1\"></span>e consolidated income statement.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff98 fs5 fc3 sc0 ls9 ws1 gs57e\">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 fc3 sc0 ls9 ws1 gs57f\">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 fc3 sc0 ls9 ws1 gs580\">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 fc3 sc0 ls9 ws1 gs581\">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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff98 fs5 fc3 sc0 ls9 ws1 gs582\">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 fc3 sc0 ls57 ws46 gs583\">outcomes.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ffa8 fs5 fc3 sc0 ls57 ws46 gs653\">Accounting policies<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc3 sc0 ls9 ws1 gs654\">The Group leases various assets, comprising land and buildings, eq<span class=\"_ _1\"></span>uipment and motor vehicles.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc3 sc0 ls9 ws1 gs655\">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 fc3 sc0 ls9 ws1 gs656\">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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc3 sc0 ls9 ws1 gs657\">The <span class=\"_ _2\"></span>following <span class=\"_ _2\"></span>sets <span class=\"_ _2\"></span>out <span class=\"_ _2\"></span>the <span class=\"_ _1b2\"></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=\"_ _1b2\"></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 fc3 sc0 ls9 ws1 gs658\">low value and term of twelve months or less which are expensed to the conso<span class=\"_ _1\"></span>lidated income statement.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc1 sc0 ls9 ws1 gs659\">The Group as a lessee \u2013 Right-of-use assets and lease liabilities<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc3 sc0 ls9 ws1 gs65a\">The accounting policy for right-of-use assets is included in note<span class=\"_ gs15\"> </span>3.5.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc3 sc0 ls9 ws1 gs65b\">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 fc3 sc0 ls9 ws1 gs65c\">right to use the underlying leased assets.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc3 sc0 ls9 ws1 gs65d\">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 fc3 sc0 ls9 ws1 gs65e\">the lease payments to be made over the lease term.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc3 sc0 ls9 ws1 gs65f\">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 fc3 sc0 ls9 ws1 gs660\">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 fc3 sc0 ls9 ws1 gs661\">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 fc3 sc0 ls9 ws1 gs662\">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 fc3 sc0 ls9 ws1 gs663\">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 fc3 sc0 ls9 ws1 gs664\">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 fc3 sc0 ls9 ws1 gs665\">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 fc3 sc0 ls9 ws1 gs666\">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 fc3 sc0 ls9 ws1 gs667\">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 fc3 sc0 ls9 ws1 gs668\">an entity-specific adjustment where the entity risk profile is different to that of the<span class=\"_ _1\"></span> Group.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc3 sc0 ls9 ws1 gs5b6\">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 fc3 sc0 ls9 ws1 gs5b7\">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 fc3 sc0 ls9 ws1 gs5b8\">change of an index or rate or a reassessment of the lease term.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc3 sc0 ls57 ws46 gs669\">Lease payments are apportioned between a finance charge and a reduction of the lease liability bas<span class=\"_ _2b\"></span>ed on </div><div class=\"t m0 h38 ffa9 fs5 fc3 sc0 ls9 ws1 gs66a\">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 fc3 sc0 ls9 ws1 gs66b\">net finance costs in the consolidated income statement.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc3 sc0 ls9 ws1 gs66d\">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 fc3 sc0 ls9 ws1 gs66e\">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 fc3 sc0 ls9 ws1 gs66f\">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 fc3 sc0 ls9 ws1 gs670\">terminating the lease, if the lease term reflects the lessee exercising that op<span class=\"_ _1\"></span>tion.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc3 sc0 ls9 ws1 gs671\">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 fc3 sc0 ls9 ws1 gs672\">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 fc3 sc0 ls9 ws1 gs673\">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 fc3 sc0 ls57 ws46 gs674\">not be exercised.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc3 sc0 ls9 ws1 gs675\">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 fc3 sc0 ls9 ws1 gs676\">non-lease components such as service charges from lease rental charg<span class=\"_ _1\"></span>es.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc1 sc0 ls57 ws46 gs677\">The Group as a lessor<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc3 sc0 ls9 ws1 gs678\">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 fc3 sc0 ls57 ws46 gs679\">lease or an operating lease.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc3 sc0 ls9 ws1 gs67a\">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 fc3 sc0 ls9 ws1 gs67b\">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 fc3 sc0 ls9 ws1 gs67c\">is a finance lease. If not, then it is an operating lease.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc3 sc0 ls9 ws1 gs67d\">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 fc3 sc0 ls9 ws1 gs67e\">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 fc3 sc0 ls9 ws1 gs67f\">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 fc3 sc0 ls57 ws46 gs680\">head lease.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc3 sc0 ls9 ws1 gs681\">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 fc3 sc0 ls9 ws1 gs682\">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 fc3 sc0 ls9 ws1 gs683\">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 fc3 sc0 ls9 ws1 gs684\">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 fc3 sc0 ls9 ws1 gs685\">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 fc3 sc0 ls9 ws1 gs686\">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 fc3 sc0 ls9 ws1 gs687\">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 fc3 sc0 ls9 ws1 gs688\">rental received is presented within investing activities in the consolidated ca<span class=\"_ _1\"></span>sh flow statement.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc3 sc0 ls9 ws1 gs689\">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 fc3 sc0 ls9 ws1 gs68a\">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 fc3 sc0 ls9 ws1 gs68b\">incremental borrowing rate where the interest rate implicit in sub-lease is no<span class=\"_ _1\"></span>t easily determinable.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ffad fs5 fc3 sc0 ls57 ws46 gs6a8\">Accounting policies<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc1 sc0 ls9 ws1 gs6a9\">Financial instruments \u2013 classification of financial instruments<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6aa\">The Group classifies its financial instruments in the following measurement categ<span class=\"_ _1\"></span>ories:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6ab\">\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 fc3 sc0 ls9 ws1 gs6ac\">through profit or loss (FVPL); and<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6ad\">\u2022<span class=\"_ _ae\"> </span>those to be measured at amortised cost.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6ae\">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 fc3 sc0 ls9 ws1 gs6af\">contractual terms of the cash flows.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc1 sc0 ls9 ws1 gs6b0\">Financial instruments \u2013 initial recognition<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6b1\">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 fc3 sc0 ls9 ws1 gs6b2\">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 fc3 sc0 ls9 ws1 gs6b3\">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 fc3 sc0 ls9 ws1 gs6b4\">consolidated income statement.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6b5\">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 fc3 sc0 ls9 ws1 gs6b6\">their cash flows are solely payment of principal and interest.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6b7\">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 fc3 sc0 ls9 ws1 gs6b8\">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 fc3 sc0 ls9 ws1 gs6b9\">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 fc3 sc0 ls9 ws1 gs6ba\">Group has transferred substantially all risks and rewards of ownership.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc1 sc0 ls9 ws1 gs6bb\">Debt instruments<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6bc\">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 fc3 sc0 ls57 ws46 gs6bd\">subsequently remeasured depending on the Group\u2019s business model for managing the instrum<span class=\"_ _2b\"></span>ent and the </div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6be\">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 fc3 sc0 ls9 ws1 gs6bf\">Group classifies its debt instruments:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6c0\">\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 fc3 sc0 ls9 ws1 gs6c1\">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 fc3 sc0 ls9 ws1 gs6c2\">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 fc3 sc0 ls9 ws1 gs6c3\">interest rate method.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6c4\">\u2022<span class=\"_ _ae\"> </span><span class=\"ffad\">FVOCI: </span>instruments that are held for collection/p<span class=\"_ _1\"></span>ayment of contractual cash flows and for selling the </div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6c5\">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 fc3 sc0 ls9 ws1 gs6c6\">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 fc3 sc0 ls9 ws1 gs6c7\">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 fc3 sc0 ls9 ws1 gs6c8\">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 fc3 sc0 ls9 ws1 gs6c9\">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 fc3 sc0 ls9 ws1 gs6ca\">reclassified to the consolidated income statement and recognised in o<span class=\"_ _1\"></span>ther gains/(losses).<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6cb\">\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 fc3 sc0 ls9 ws1 gs6cc\">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 fc3 sc0 ls9 ws1 gs6cd\">statement and presented within net finance costs.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6ce\">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 fc3 sc0 ls9 ws1 gs6cf\">instruments changes.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc1 sc0 ls9 ws1 gs6d1\">Equity instruments<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6d2\">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 fc3 sc0 ls9 ws1 gs6d3\">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 fc3 sc0 ls9 ws1 gs6d4\">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 fc3 sc0 ls9 ws1 gs6d5\">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 fc3 sc0 ls9 ws1 gs6d6\">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 fc3 sc0 ls9 ws1 gs6d7\">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 fc3 sc0 ls9 ws1 gs6d8\">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 fc3 sc0 ls9 ws1 gs6d9\">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 fc3 sc0 ls9 ws1 gs6da\">Group\u2019s right to receive payment is established.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc1 sc0 ls9 ws1 gs6db\">Impairment<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6dc\">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 fc3 sc0 ls9 ws1 gs6dd\">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 fc3 sc0 ls9 ws1 gs6de\">whether there has been a significant increase in credit risk.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc1 sc0 ls9 ws1 gs6df\">Derivatives<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6e0\">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 fc3 sc0 ls57 ws46 gs6e1\">value at the end of each reporting period with the movement recognised through the consolidat<span class=\"_ _2b\"></span>ed income </div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6e2\">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 fc3 sc0 ls9 ws1 gs6e3\">flow hedges is recognised in OCI and presented in the hedging re<span class=\"_ _1\"></span>serve within equity. The cumulative gain/<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6e4\">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 fc3 sc0 ls57 ws46 gs6e5\">hedged transaction is realised.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc1 sc0 ls9 ws1 gs6e6\">Borrowing costs<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6e7\">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 fc3 sc0 ls9 ws1 gs6e8\">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 fc3 sc0 ls9 ws1 gs6e9\">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 fc3 sc0 ls9 ws1 gs6ea\">Borrowing costs consist of interest and other costs incurred in connection with th<span class=\"_ _1\"></span>e borrowing of funds.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ffbc fs5 fc3 sc0 ls57 ws46 gs75a\">Accounting policies<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc3 sc0 ls9 ws1 gs75b\">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 fc3 sc0 ls57 ws46 gs75c\">recognised as an expense over the vesting period, which ends on the date on which the relevant em<span class=\"_ _2b\"></span>ployees </div><div class=\"t m0 h38 ffbd fs5 fc3 sc0 ls9 ws1 gs75d\">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 fc3 sc0 ls9 ws1 gs75e\">account vesting conditions linked to the price of the shares of the Compa<span class=\"_ _1\"></span>ny (market conditions).<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc3 sc0 ls9 ws1 gs75f\">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 fc3 sc0 ls9 ws1 gs760\">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 fc3 sc0 ls9 ws1 gs761\">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 fc3 sc0 ls9 ws1 gs762\">were reflected in the fair value of the equity instruments.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc3 sc0 ls9 ws1 gs763\">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 fc3 sc0 ls9 ws1 gs764\">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 fc3 sc0 ls9 ws1 gs765\">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 fc3 sc0 ls9 ws1 gs766\">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 fc3 sc0 ls9 ws1 gs767\">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 fc3 sc0 ls9 ws1 gs768\">statement, with a corresponding adjustment to equity.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc3 sc0 ls9 ws1 gs769\">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 fc3 sc0 ls9 ws1 gs76a\">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 fc3 sc0 ls9 ws1 gs76b\">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 fc3 sc0 ls9 ws1 gs76c\">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 fc3 sc0 ls9 ws1 gs76d\">modification. No reduction is recognised if this difference is negative.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc3 sc0 ls9 ws1 gs76e\">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 fc3 sc0 ls9 ws1 gs76f\">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 fc3 sc0 ls9 ws1 gs770\">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 fc3 sc0 ls9 ws1 gs771\">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 fc3 sc0 ls9 ws1 gs44c\">statement.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc3 sc0 ls9 ws1 gs773\">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 fc3 sc0 ls57 ws46 gs774\">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 fc3 sc0 ls9 ws1 gs775\">share based payment transactions. Details of the schemes are as<span class=\"_ gs15\"> </span>follows:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ffbc fs5 fc1 sc0 ls57 ws46 gs776\">Deferred annual bonus plan<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc3 sc0 ls9 ws1 gs777\">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 fc3 sc0 ls9 ws1 gs778\">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 fc3 sc0 ls57 ws46 gs779\">contained in the directors\u2019 remuneration report on page 96 to 118).<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc3 sc0 ls57 ws46 gs77a\">The value of deferred shares is determined by the pay-out under the annual bonus scheme: half of t<span class=\"_ _2b\"></span>he </div><div class=\"t m0 h38 ffbd fs5 fc3 sc0 ls57 ws46 gs77b\">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 fc3 sc0 ls9 ws1 gs77c\">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 fc3 sc0 ls9 ws1 gs77d\">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 fc3 sc0 ls9 ws1 gs77e\">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 fc3 sc0 ls9 ws1 gs77f\">dismissal for gross misconduct.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc3 sc0 ls9 ws1 gs780\">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 fc3 sc0 ls57 ws46 gs781\">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=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ffbd fs5 fc3 sc0 ls9 ws1 gs782\">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=\"_ _2af\"> </span></div><div class=\"t m0 h39 ffbc fs5 fc1 sc0 ls57 ws46 gs783\">Long-term incentive plans (LTIPs)<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc3 sc0 ls9 ws1 gs784\">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 fc3 sc0 ls9 ws1 gs785\">(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 fc3 sc0 ls9 ws1 gs786\">scheme (the 2020 grant) having vested in April 2023.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc3 sc0 ls9 ws1 gs787\">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 fc3 sc0 ls9 ws1 gs788\">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 fc3 sc0 ls9 ws1 gs789\">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 fc3 sc0 ls57 ws46 gs78a\">vesting (25%) was dependent on net debt falling to \u00a3872m, target vesting (50%) was<span class=\"_ _2b\"></span> dependent on net debt </div><div class=\"t m0 h38 ffbd fs5 fc3 sc0 ls57 ws46 gs78b\">falling to \u00a3822m and maximum vesting (100%) was dependent on net debt being below \u00a3772m. Tranches<span class=\"_ gs15\"> </span><span class=\"_ _2b\"></span>2 </div><div class=\"t m0 h38 ffbd fs5 fc3 sc0 ls9 ws1 gs78c\">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 fc3 sc0 ls9 ws1 gs78d\">Total Shareholder Return (TSR) and responsible business scorecard<span class=\"_ _1\"></span> measures.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc3 sc0 ls9 ws1 gs78e\">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 fc3 sc0 ls57 ws46 gs78f\">directors\u2019 remuneration report, on page 115 of the 2022 Annual Report.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc3 sc0 ls9 ws1 gs790\">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 fc3 sc0 ls57 ws46 gs791\">operational performance of Capita over the performance period.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ffbe fs5 fc3 sc0 ls57 ws46 gs7a9\">Accounting policies<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc1 sc0 ls57 ws46 gs7aa\">Defined contribution pension schemes<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc3 sc0 ls57 ws46 gs7ab\">The Group maintains a number of defined contribution pension schemes and for these schemes<span class=\"_ _2b\"></span> the Group </div><div class=\"t m0 h38 ffbf fs5 fc3 sc0 ls57 ws46 gs7ac\">has no further payment obligations once the contributions have been paid. The contributions<span class=\"_ _2b\"></span> are recognised </div><div class=\"t m0 h38 ffbf fs5 fc3 sc0 ls9 ws1 gs7ad\">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 fc3 sc0 ls57 ws46 gs7ae\">and as they fall due.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc1 sc0 ls57 ws46 gs7af\">Defined benefit pension schemes<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc3 sc0 ls9 ws1 gs7b0\">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 fc3 sc0 ls9 ws1 gs7b1\">defined benefit pension schemes, all of which require contribution<span class=\"_ _1\"></span>s to be made to separate trustee-<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc3 sc0 ls9 ws1 gs7b2\">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 fc3 sc0 ls9 ws1 gs7b3\">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 fc3 sc0 ls9 ws1 gs7b4\">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 fc3 sc0 ls9 ws1 gs7b5\">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 fc3 sc0 ls9 ws1 gs7b6\">immediately in the consolidated income statement.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc3 sc0 ls9 ws1 gs7b7\">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 fc3 sc0 ls9 ws1 gs7b8\">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 fc3 sc0 ls9 ws1 gs7b9\">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 fc3 sc0 ls9 ws1 gs7ba\">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 fc3 sc0 ls9 ws1 gs7bb\">in which the settlement or curtailment occurs.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc3 sc0 ls9 ws1 gs7bc\">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 fc3 sc0 ls9 ws1 gs7bd\">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 fc3 sc0 ls9 ws1 gs7be\">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 fc3 sc0 ls9 ws1 gs7bf\">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 fc3 sc0 ls9 ws1 gs7c0\">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 fc3 sc0 ls9 ws1 gs7c1\">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 fc3 sc0 ls9 ws1 gs7c2\">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 fc3 sc0 ls9 ws1 gs7c3\">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 fc3 sc0 ls9 ws1 gs7c4\">the net defined benefit asset/liability to be remeasured over the co<span class=\"_ _1\"></span>urse of the year.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc3 sc0 ls9 ws1 gs7c5\">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 fc3 sc0 ls9 ws1 gs7c6\">net finance costs.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc3 sc0 ls9 ws1 gs7c7\">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 fc3 sc0 ls9 ws1 gs7c8\">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 fc3 sc0 ls9 ws1 gs7c9\">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 fc3 sc0 ls9 ws1 gs7ca\">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 fc3 sc0 ls9 ws1 gs7cb\">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 fc3 sc0 ls9 ws1 gs7cc\">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 fc3 sc0 ls9 ws1 gs7cd\">contributions.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>which it relates.<span class=\"_ _2af\"> </span>This section also includes details of new accounting standards, amend<span class=\"_ _1\"></span>ments and interpretations<span class=\"_ _2af\"> </span>including their effective dates and explanation on the expected<span class=\"_ _1\"></span> impact to the financial position and<span class=\"_ _2af\"> </span>performance of the Group.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>notes to these consolidated financial statements:<span class=\"_ _2af\"> </span>Denotes accounting policies<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>pages 14 to 21.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>These consolidated financial statements are presented in British po<span class=\"_ _1\"></span>unds sterling and all values are rounded<span class=\"_ _2af\"> </span>to the nearest tenth of a million (\u00a3m) except where otherwise indicated.<span class=\"_ _2af\"> </span>Statement of compliance<span class=\"_ _2af\"> </span>These consolidated financial statements have been prepared in accordance with UK-adopt<span class=\"_ _2b\"></span>ed International<span class=\"_ _2af\"> </span>Financial Reporting Standards (IFRSs) and the Disclosure and Transp<span class=\"_ _1\"></span>arency Rules of the UK's Financial<span class=\"_ _2af\"> </span>Conduct Authority.<span class=\"_ _2af\"> </span>Basis of consolidation<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>received and the carrying amount of the net assets (including goo<span class=\"_ _1\"></span>dwill) disposed of. Losses applicable to<span class=\"_ _2af\"> </span>the non-controlling interests in subsidiaries are attributed to the non<span class=\"_ _1\"></span>-controlling interests even if that results<span class=\"_ _2af\"> </span>in the non-controlling interests having a deficit balance.<span class=\"_ _2af\"> </span>Investments in associates are accounted for using the equity method. Und<span class=\"_ _1\"></span>er the equity method, the<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>acquisition profits or losses and other changes in net assets less any impa<span class=\"_ _1\"></span>irment.<span class=\"_ _2af\"> </span>AP<span class=\"_ _2af\"> </span>Section 1: Basis of preparation<span class=\"_ _2af\"> </span>Going concern<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </span>Financial position at <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023<span class=\"_ _2af\"> </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=\"_ _2af\"> </span></span>1 of<span class=\"ls9 ws1\"> </span>\u00a3182.1m (2022: \u00a384.9m<span class=\"ls9 ws1\">), available liquidity<span class=\"_ _2af\"> </span></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=\"_ _2af\"> </span>Board assessment<span class=\"_ _2af\"> </span>Base case scenario<span class=\"_ _2af\"> </span>Under the base case scenario, the Group\u2019s transformation p<span class=\"_ _1\"></span>rogramme and completion of the Portfolio non-<span class=\"_ _2af\"> </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 restructu<span class=\"_ _1\"></span>ring </span>programme.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>headroom and compliance with all debt covenant measures throughout the going concern period to 30<span class=\"_ gs15\"> </span><span class=\"_ _2b\"></span>June 2025.<span class=\"_ _2af\"> </span>Severe but plausible downside scenario<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>revenue growth falling materially short of plan;<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">operating profit margin expansion not being achieved;<span class=\"_ _2af\"> </span></span>\u2022<span class=\"_ _ae\"> </span>targeted cost savings delayed or not delivere<span class=\"_ _1\"></span>d;<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>additional inflationary cost impacts which cannot b<span class=\"_ _1\"></span>e passed on to customers;<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>unforeseen operational issues leading<span class=\"_ _1\"></span> to contract losses and cash outflows;<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>volatility in interest rates;<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>unexpected financial costs linked to incidents su<span class=\"_ _1\"></span>ch as data breaches and/or cyber-attacks.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Adoption of going concern basis<span class=\"_ _2af\"> </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=\"_ _2b\"></span>atements. The Board has concluded that the Group and Parent Company will be able to continue in operation and meet t<span class=\"_ _2b\"></span>heir liabilities as they fall due over the period to 30<span class=\"_ gs15\"> </span>June 2025.<span class=\"_ _2af\"> </span>1.Refer to alternative performance measures in section 8.2 to the financial statements.<span class=\"_ _2af\"> </span>Foreign currency translation<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Current versus non-current classification<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>current.<span class=\"_ _2af\"> </span>An asset is current when it is:<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>Held primarily for the purpose of trading;<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>All other assets are classified as non-current.<span class=\"_ _2af\"> </span>A liability is current when:<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>It is expected to be settled in the normal opera<span class=\"_ _1\"></span>ting cycle;<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>It is held primarily for the purpose of trading;<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>All other liabilities are classified as non-current.<span class=\"_ _2af\"> </span>Recoverable amount of non-current assets<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Consideration of climate change<span class=\"_ _2af\"> </span>The impact of climate change has been considered in the preparation of these consolidated f<span class=\"_ _2b\"></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=\"_ _2af\"> </span>The following areas were considered during the preparation<span class=\"_ _1\"></span> of these consolidated financial statements:<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>the valuation of assets held within the Group\u2019s p<span class=\"_ _1\"></span>ension schemes.<span class=\"_ _2af\"> </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 fc3\">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=\"_ _2af\"> </span>Significant accounting judgements, estimates and assumptions<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></span>tion of the Strategic Report<span class=\"_ _2af\"> </span>Judgements<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>Contract accounting (note 2.1):<span class=\"_ _2af\"> </span>\u2013<span class=\"_ _1a0\"> </span><span class=\"ls57 ws46\">Revenue rec<span class=\"_ _2b\"></span>ognition;<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>Adoption of the going concern basis of pre<span class=\"_ _1\"></span>paration (section 1).<span class=\"_ _2af\"> </span>Estimates<span class=\"ls57 ws46\"> and assumptions<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>Contract accounting (note<span class=\"_ gs15\"> </span>2.1):<span class=\"_ _2af\"> </span>\u2013<span class=\"_ _1a0\"> </span>Impairment of contract fulfilment assets;<span class=\"_ _2af\"> </span>\u2013<span class=\"_ _1a0\"> </span>Customer and onerous contract provisions;<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>Deferred tax asset recognition (note<span class=\"_ gs15\"> </span>2.6); and<span class=\"_ _2af\"> </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=\"_ _2af\"> </span></span>For ease of reference, the symbols below have been used to denote significant accounti<span class=\"_ _2b\"></span>ng judgements and/<span class=\"_ _2af\"> </span>or significant accounting estimates and assumptions where they occur within<span class=\"_ _1\"></span> the notes to these consolidated financial statements:<span class=\"_ _2af\"> </span>Denotes significant accounting judgements<span class=\"_ _2af\"> </span>Denotes significant accounting estimates and assumptions<span class=\"_ _2af\"> </span>New standards and interpretations adopted<span class=\"_ _2af\"> </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=\"_ _2b\"></span>ther not applicable or not material to the Group or Parent Company.<span class=\"_ _2af\"> </span>International Accounting Standards (IAS/IFRS)<span class=\"_ _1e2\"> </span>Effective date<span class=\"_ _2af\"> </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=\"_ _118\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2af\"> </span>Definition of Accounting Estimates (Amendments to IAS<span class=\"_ gs15\"> </span>8)<span class=\"_ _1e3\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2af\"> </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=\"_ _d4\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2af\"> </span></span>International Tax Reform - Pillar Two Model Rules (Amendments to IAS<span class=\"_ gs15\"> </span>12)<span class=\"_ _2af\"> </span>1 January 2023<span class=\"_ _2af\"> </span>New standards and interpretations not yet adopted<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>International Accounting Standards (IAS/IFRS)<span class=\"_ _1e2\"> </span>Effective date<span class=\"_ _2af\"> </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=\"_ _1e4\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2af\"> </span></span>Lease Liability in a Sale and Leaseback - Amendments to IFRS<span class=\"_ gs15\"> </span>16<span class=\"_ _2af\"> </span>1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2af\"> </span>Supplier Finance Arrangements - Amendments to IAS<span class=\"_ gs15\"> </span>7 and IFRS<span class=\"_ gs15\"> </span>7<span class=\"_ _2af\"> </span>1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2af\"> </span>Lack of exchangeability - Amendments to IAS<span class=\"_ gs15\"> </span>21<span class=\"_ _2af\"> </span>1<span class=\"_ _2af\"> </span>1<span class=\"_ gs15\"> </span>January 2025<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span> pages 14 to 21.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>These consolidated financial statements are presented in British po<span class=\"_ _1\"></span>unds sterling and all values are rounded<span class=\"_ _2af\"> </span> to the nearest tenth of a million (\u00a3m) except where otherwise indicated.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span> to the nearest tenth of a million (\u00a3m) except where otherwise indicated.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>These consolidated financial statements have been prepared in accordance with UK-adopt<span class=\"_ _2b\"></span>ed International<span class=\"_ _2af\"> </span> Financial Reporting Standards (IFRSs) and the Disclosure and Transp<span class=\"_ _1\"></span>arency Rules of the UK's Financial<span class=\"_ _2af\"> </span> Conduct Authority.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span> received and the carrying amount of the net assets (including goo<span class=\"_ _1\"></span>dwill) disposed of. Losses applicable to<span class=\"_ _2af\"> </span> the non-controlling interests in subsidiaries are attributed to the non<span class=\"_ _1\"></span>-controlling interests even if that results<span class=\"_ _2af\"> </span> in the non-controlling interests having a deficit balance.<span class=\"_ _2af\"> </span>Investments in associates are accounted for using the equity method. Und<span class=\"_ _1\"></span>er the equity method, the<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>acquisition profits or losses and other changes in net assets less any impa<span class=\"_ _1\"></span>irment.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Judgements<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>Contract accounting (note 2.1):<span class=\"_ _2af\"> </span>\u2013<span class=\"_ _1a0\"> </span><span class=\"ls57 ws46\">Revenue rec<span class=\"_ _2b\"></span>ognition;<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>Adoption of the going concern basis of pre<span class=\"_ _1\"></span>paration (section 1).<span class=\"_ _2af\"> </span>Estimates<span class=\"ls57 ws46\"> and assumptions<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>Contract accounting (note<span class=\"_ gs15\"> </span>2.1):<span class=\"_ _2af\"> </span>\u2013<span class=\"_ _1a0\"> </span>Impairment of contract fulfilment assets;<span class=\"_ _2af\"> </span>\u2013<span class=\"_ _1a0\"> </span>Customer and onerous contract provisions;<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>Deferred tax asset recognition (note<span class=\"_ gs15\"> </span>2.6); and<span class=\"_ _2af\"> </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=\"_ _2af\"> </span></span>For ease of reference, the symbols below have been used to denote significant accounti<span class=\"_ _2b\"></span>ng judgements and/<span class=\"_ _2af\"> </span>or significant accounting estimates and assumptions where they occur within<span class=\"_ _1\"></span> the notes to these consolidated financial statements:<span class=\"_ _2af\"> </span>Denotes significant accounting judgements<span class=\"_ _2af\"> </span>Denotes significant accounting estimates and assumptions<span class=\"_ _2af\"> </span><div class=\"t m0 h39 ff52 fs5 fc1 sc0 ls57 ws46 gs122\">Significant accounting estimates and assumptions<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff53 fs5 fc3 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 fc3 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 fc3 sc0 ls57 ws46 gs125\">completeness of the customer and onerous contract provisions. These judgements<span class=\"_ _2b\"></span> are dependent on </div><div class=\"t m0 h38 ff53 fs5 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs129\">provisions.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff52 fs5 fc3 sc0 ls57 ws46 gs12a\">Significant accounting judgements<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff53 fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs131\">future periods. Refer to note 2.2 for the Group\u2019s accounting policies.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc1 sc0 ls9 ws1 gs133\">Assessing contract profitability<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls57 ws46 gs139\">base and the indexation of revenue.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs13c\">stage are considered to have a higher level of uncertainty beca<span class=\"_ _1\"></span>use of:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc3 sc0 ls9 ws1 gs13d\">\u2022<span class=\"_ _ae\"> </span>the ability to accurately estimate the costs to deliver the<span class=\"_ _1\"></span> transformed process;<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs140\">their specific requirements; and<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc3 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 fc3 sc0 ls9 ws1 gs143\">profitability.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc1 sc0 ls9 ws1 gs144\">Recoverability of non-current contract fulfilment assets and completeness of on<span class=\"_ _1\"></span>erous contract provisions<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs14d\">this note.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs151\">remainder relates to contracts post transformation and includes non-ma<span class=\"_ _1\"></span>jor contracts.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff55 fs5 fc3 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 fc3 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=\"_ _2b\"></span>ed and recognised </span></div><div class=\"t m0 h38 ff55 fs5 fc3 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 fc3 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 fc3 sc0 ls57 ws46 gs160\">recognised in <span class=\"ls9 ws1\">adjusted cost of sales.<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff55 fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls57 ws46 gs169\">judgements that are applied, and management do not believe that disclosing a potential range of out<span class=\"_ _2b\"></span>comes </div><div class=\"t m0 h38 ff55 fs5 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs16c\">contract.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs170\">Pensions and the City of London Police.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs173\">divisional performance review in the strategic report.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff66 fs5 fc3 sc0 ls57 ws46 gs2e3\">Significant accounting judgements and assumptions<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff67 fs5 fc3 sc0 ls9 ws1 gs2e4\">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 fc3 sc0 ls9 ws1 gs2e5\">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 fc3 sc0 ls9 ws1 gs2e6\">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 fc3 sc0 ls9 ws1 gs2e7\">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 fc3 sc0 ls9 ws1 gs2e8\">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 fc3 sc0 ls9 ws1 gs2e9\">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 fc3 sc0 ls9 ws1 gs2ea\">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 fc3 sc0 ls9 ws1 gs2eb\">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 fc3 sc0 ls9 ws1 gs2ec\">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 fc3 sc0 ls9 ws1 gs2ed\">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 fc3 sc0 ls9 ws1 gs2ee\">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 fc3 sc0 ls9 ws1 gs2ef\">occurs.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff67 fs5 fc3 sc0 ls9 ws1 gs2f0\">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=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff83 fs5 fc3 sc0 ls57 ws46 gs468\">Significant accounting judgements<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff84 fs5 fc3 sc0 ls9 ws1 gs469\">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 fc3 sc0 ls9 ws1 gs46a\">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 fc3 sc0 ls9 ws1 gs46b\">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 fc3 sc0 ls9 ws1 gs46c\">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 fc3 sc0 ls9 ws1 gs46d\">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 fc3 sc0 ls9 ws1 gs46e\">further information.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff87 fs5 fc3 sc0 ls9 ws1 gs470\">Movements in non-current contract fulfilment assets were as follows<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3e ff87 fs1c fc3 sc0 ls9 ws1 gs471\">1<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff87 fs5 fc3 sc0 ls9 ws1 gs472\">:<span class=\"_ _2af\"> </span></div><div class=\"gs473\"><table class=\"s w1c0 h93\" id=\"_198cf740-0836-4aae-8497-2cd546c20604\"><tr><td></td><td class=\"t m0 x3c8 h3b y36c4 ff86 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y36c4 ff87 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2c5 h3b y36c5 ff86 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y36c5 ff87 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y36c6 w1b3 h5c\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n x99d y36c6 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls57 ws46\">263.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x480 y36c6 w5e h5c\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls57 ws46\">286.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y36c7 ff87 fs5 fc3 sc0 ls9 ws1\">Impact of change in accounting standards \u2013 amendments to IAS<span class=\"_ gs15\"> </span>37<span class=\"_ _2af\"> </span></td><td class=\"c n x99e y369d w36 h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x99f y369d wa8 h5c\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">(2.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y36c8 ff87 fs5 fc3 sc0 ls57 ws46\">At 1<span class=\"_ gs15\"> </span>January 2022 on adoption of IAS<span class=\"_ gs15\"> </span>37<span class=\"_ _2af\"> </span></td><td class=\"c n x2e8 y36c9 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls57 ws46\">263.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2e9 y36c9 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls57 ws46\">284.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36ca w1c1 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls57 ws46\">Additions<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a0 y36ca w3d h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls57 ws46\">79.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a1 y36ca w5d h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls57 ws46\">67.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y36cb ff87 fs5 fc3 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2af\"> </span></td><td class=\"c n x9a2 y36cc w43 h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls9 ws1\">(0.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a3 y36cc w36 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36cd w1c2 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a4 y36cd w72 h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a5 y36cd w43 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">(2.8)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36ce w1c3 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">Impairment - included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n x738 y36ce wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls9 ws1\">(3.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x739 y36ce wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">(3.8)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36cf w1c4 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">Impairment - included in business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a6 y36cf wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x74d y36cf w36 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36d0 w18a h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">Derecognition - included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a7 y36d0 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls9 ws1\">(4.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a8 y36d0 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">(0.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36d1 w128 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">Derecognition - included in business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a9 y36d1 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls9 ws1\">(8.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9aa y36d1 w72 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b0 w1c5 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">Utilisation - included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n x73b y35b0 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls57 ws46\">(68.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ab y35b0 wa0 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls57 ws46\">(79.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b1 w1c6 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">Utilisation - included in business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a6 y35b1 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls9 ws1\">(0.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ac y35b1 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">(2.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b2 w1c7 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ad y35b2 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ae y35b2 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w173 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9af y3455 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls57 ws46\">257.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9b0 y3455 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls57 ws46\">263.0<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h3e ff87 fs1c fc3 sc0 ls9 ws1 gs474\">2<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3e ff87 fs1c fc3 sc0 ls9 ws1 gs475\">3<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff87 fs8 fc3 sc0 ls58 ws47 gs476\">1.<span class=\"_ _9\"> </span>Refer to note<span class=\"_ gs23c\"> </span>3.1.1 for current contract fulfilment assets.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff87 fs8 fc3 sc0 ls58 ws47 gs477\">2.<span class=\"_ _9\"> </span>The Group initially applied the amendments to IAS<span class=\"_ gs23c\"> </span>37 at 1<span class=\"_ gs23c\"> </span>January 2022 and the cumulative effect of applying the amendments was </div><div class=\"t m0 h3a ff87 fs8 fc3 sc0 ls58 ws47 gs478\">recognised as an opening balance adjustment to retained earnings.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff87 fs8 fc3 sc0 ls58 ws47 gs479\">3.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs23c\"> </span>December 2023 includes \u00a30.9m that was transferred at 30<span class=\"_ gs23c\"> </span>June 2023 </div><div class=\"t m0 h3a ff87 fs8 fc3 sc0 ls58 ws47 gs47a\">and subsequently sold during the second half of the year.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff86 fs5 fc3 sc0 ls9 ws1 gs47b\">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 fc3 sc0 ls9 ws1 gs47c\">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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff86 fs5 fc3 sc0 ls57 ws46 gs47d\">Derecognition:<span class=\"ff87 fc1 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 fc3 sc0 ls9 ws1 gs47e\">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 fc3 sc0 ls9 ws1 gs47f\">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 fc3 sc0 ls9 ws1 gs480\">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 fc3 sc0 ls9 ws1 gs481\">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 fc3 sc0 ls9 ws1 gs482\">changed due to termination of contracts and the Group had n<span class=\"_ _1\"></span>o further use for the assets.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span><div class=\"t m0 h39 ff97 fs5 fc3 sc0 ls57 ws46 gs585\">Denotes significant accounting estimates and assumptions<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff98 fs5 fc3 sc0 ls9 ws1 gs586\">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 fc3 sc0 ls9 ws1 gs587\">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 fc3 sc0 ls57 ws46 gs588\">analysis of the aggregated estimates and assumptions that are applied, and management do not<span class=\"_ _2b\"></span> believe </div><div class=\"t m0 h38 ff98 fs5 fc3 sc0 ls9 ws1 gs589\">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 fc3 sc0 ls9 ws1 gs58a\">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 fc3 sc0 ls9 ws1 gs58b\">disclose the amounts involved in any individual contract.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc1 fs5 fc3 sc0 ls9 ws1 gs7cf\">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 fc3 sc0 ls9 ws1 gs7d0\">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 fc3 sc0 ls9 ws1 gs7d1\">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 fc3 sc0 ls9 ws1 gs7d2\">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 fc3 sc0 ls9 ws1 gs7d3\">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 fc3 sc0 ls9 ws1 gs7d4\">The assumptions reflect historical experience and judgement regard<span class=\"_ _1\"></span>ing future expectations.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc1 fs5 fc3 sc0 ls9 ws1 gs7d5\">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 fc3 sc0 ls9 ws1 gs7d6\">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 fc3 sc0 ls9 ws1 gs7d7\">(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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc1 fs5 fc3 sc0 ls9 ws1 gs7d8\">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 fc3 sc0 ls9 ws1 gs7d9\">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 fc3 sc0 ls9 ws1 gs7da\">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 fc3 sc0 ls9 ws1 gs7db\">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 fc3 sc0 ls9 ws1 gs7dc\">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 fc3 sc0 ls9 ws1 gs7dd\">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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc1 fs5 fc3 sc0 ls9 ws1 gs7de\">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 fc3 sc0 ls9 ws1 gs7df\">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 fc3 sc0 ls9 ws1 gs7e0\">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 fc3 sc0 ls9 ws1 gs7e1\">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 fc3 sc0 ls9 ws1 gs7e2\">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 fc3 sc0 ls9 ws1 gs7e3\">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 fc3 sc0 ls9 ws1 gs7e4\">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 fc3 sc0 ls9 ws1 gs7e5\">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 fc3 sc0 ls9 ws1 gs7e6\">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 fc3 sc0 ls9 ws1 gs7e7\">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 fc3 sc0 ls57 ws46 gs7e8\">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 fc3 sc0 ls9 ws1 gs7e9\">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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc1 fs5 fc3 sc0 ls9 ws1 gs7ea\">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 fc3 sc0 ls9 ws1 gs7eb\">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 fc3 sc0 ls57 ws46 gs7ec\">and further understands that the case is being appealed with judgement expected in 2024. The HPS<span class=\"_ _2b\"></span> </div><div class=\"t m0 h38 ffc1 fs5 fc3 sc0 ls9 ws1 gs7ed\">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 fc3 sc0 ls9 ws1 gs7ee\">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 fc3 sc0 ls57 ws46 gs7ef\">Group considers this approach reasonable and appropriate.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></span>ther not applicable or not material to the Group or Parent Company.<span class=\"_ _2af\"> </span>International Accounting Standards (IAS/IFRS)<span class=\"_ _1e2\"> </span>Effective date<span class=\"_ _2af\"> </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=\"_ _118\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2af\"> </span>Definition of Accounting Estimates (Amendments to IAS<span class=\"_ gs15\"> </span>8)<span class=\"_ _1e3\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2af\"> </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=\"_ _d4\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2af\"> </span></span>International Tax Reform - Pillar Two Model Rules (Amendments to IAS<span class=\"_ gs15\"> </span>12)<span class=\"_ _2af\"> </span>1 January 2023<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></span>ther not applicable or not material to the Group or Parent Company.<span class=\"_ _2af\"> </span>International Accounting Standards (IAS/IFRS)<span class=\"_ _1e2\"> </span>Effective date<span class=\"_ _2af\"> </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=\"_ _118\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2af\"> </span>Definition of Accounting Estimates (Amendments to IAS<span class=\"_ gs15\"> </span>8)<span class=\"_ _1e3\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2af\"> </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=\"_ _d4\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2af\"> </span></span>International Tax Reform - Pillar Two Model Rules (Amendments to IAS<span class=\"_ gs15\"> </span>12)<span class=\"_ _2af\"> </span>1 January 2023<span class=\"_ _2af\"> </span>New standards and interpretations not yet adopted<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>International Accounting Standards (IAS/IFRS)<span class=\"_ _1e2\"> </span>Effective date<span class=\"_ _2af\"> </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=\"_ _1e4\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2af\"> </span></span>Lease Liability in a Sale and Leaseback - Amendments to IFRS<span class=\"_ gs15\"> </span>16<span class=\"_ _2af\"> </span>1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2af\"> </span>Supplier Finance Arrangements - Amendments to IAS<span class=\"_ gs15\"> </span>7 and IFRS<span class=\"_ gs15\"> </span>7<span class=\"_ _2af\"> </span>1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2af\"> </span>Lack of exchangeability - Amendments to IAS<span class=\"_ gs15\"> </span>21<span class=\"_ _2af\"> </span>1<span class=\"_ _2af\"> </span>1<span class=\"_ gs15\"> </span>January 2025<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>International Accounting Standards (IAS/IFRS)<span class=\"_ _1e2\"> </span>Effective date<span class=\"_ _2af\"> </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=\"_ _1e4\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2af\"> </span></span>Lease Liability in a Sale and Leaseback - Amendments to IFRS<span class=\"_ gs15\"> </span>16<span class=\"_ _2af\"> </span>1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2af\"> </span>Supplier Finance Arrangements - Amendments to IAS<span class=\"_ gs15\"> </span>7 and IFRS<span class=\"_ gs15\"> </span>7<span class=\"_ _2af\"> </span>1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2af\"> </span>Lack of exchangeability - Amendments to IAS<span class=\"_ gs15\"> </span>21<span class=\"_ _2af\"> </span>1<span class=\"_ _2af\"> </span>1<span class=\"_ gs15\"> </span>January 2025<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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 fc1 sc0 ls9 ws1 gs109\">2.1 Contract accounting<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff53 fs5 fc3 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 fc3 sc0 ls9 ws1 gs10b\">contracts:<span class=\"_ _2af\"> </span></div><div class=\"gs10c\"><table class=\"s w5b h6b\" id=\"_9b6a8640-feb3-4064-b05b-659d77b0ba1c\"><tr><td></td><td></td><td class=\"t m0 x3c8 h3b y350e ff52 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2c3 h3a y350e ff53 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x2c4 h3a y350f ff53 fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3b y350f ff52 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y350f ff53 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3510 wcb h5c\"><div class=\"t m0 x27a h38 y343e ff53 fs5 fc3 sc0 ls57 ws46\">Long-term contractual revenue<span class=\"_ _2af\"> </span></div></td><td class=\"c n x440 y3510 w37 h5c\"><div class=\"t m0 x27a h38 y343e ff53 fs5 fc3 sc0 ls57 ws46\">2.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x441 y3510 w27 h5b\"><div class=\"t m0 x27a h38 y343e ff52 fs5 fc3 sc0 ls57 ws46\">2,104.0</div></td><td class=\"t m0 x442 h38 y3511 ff53 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _30\"> </span>2,236.2 </td></tr><tr><td class=\"c n x27b y3512 w73 h5d\"><div class=\"t m0 x27a h38 y343e ff53 fs5 fc3 sc0 ls9 ws1\">Deferred income<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x443 y3512 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff52 fs5 fc3 sc0 ls57 ws46\">537.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x3b5 y3512 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff53 fs5 fc3 sc0 ls57 ws46\">640.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3513 wcc h5d\"><div class=\"t m0 x27a h38 y343e ff53 fs5 fc3 sc0 ls9 ws1\">Contract fulfilment assets (non-current)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x444 y3513 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff53 fs5 fc3 sc0 ls57 ws46\">3.1.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x445 y3513 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff52 fs5 fc3 sc0 ls57 ws46\">257.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x446 y3513 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff53 fs5 fc3 sc0 ls57 ws46\">263.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 wcd h5d\"><div class=\"t m0 x27a h38 y343e ff53 fs5 fc3 sc0 ls9 ws1\">Onerous contract provisions<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x447 y3455 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff52 fs5 fc3 sc0 ls57 ws46\">43.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x448 y3455 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff53 fs5 fc3 sc0 ls57 ws46\">52.8<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h39 ff52 fs5 fc1 sc0 ls57 ws46 gs10d\">Background<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff53 fs5 fc3 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 fc3 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=\"_ _2af\"> </span></span></span></div><div class=\"t m0 h38 ff53 fs5 fc3 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 fc3 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 fc3 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 fc3 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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff53 fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls57 ws46 gs11b\">profitable.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff53 fs5 fc3 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 fc3 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 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs120\">solutions to its customers.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Significant accounting estimates and assumptions<span class=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </span>Significant accounting judgements<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Assessing contract profitability<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>the ability to accurately estimate the costs to deliver the<span class=\"_ _1\"></span> transformed process;<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Recoverability of non-current contract fulfilment assets and completeness of on<span class=\"_ _1\"></span>erous contract provisions<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>2.2 Revenue including segmental revenue<span class=\"_ _2af\"> </span>Accounting policies Revenue<span class=\"_ _2af\"> </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=\"_ _2af\"> </span></span></span>The revenue and profits recognised in any period are based on the delivery of performance obligat<span class=\"_ _2b\"></span>ions and an assessment of when control is transferred to the customer.<span class=\"_ _2af\"> </span>Revenue is recognised either when the performance obligation in<span class=\"_ _1\"></span> the contract has been performed (\u2018point-<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></span>er which non-<span class=\"_ _2af\"> </span>current contract fulfilment assets and capitalised costs to obtain a contract are e<span class=\"_ _1\"></span>xpensed.<span class=\"_ _2af\"> </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=\"_ _2b\"></span>omised goods and services are:<span class=\"_ _2af\"> </span>(i)<span class=\"_ _43\"> </span>distinct \u2013 to be accounted for as separate performance obligations;<span class=\"_ _2af\"> </span>(ii)<span class=\"_ _e6\"> </span>not distinct \u2013 to be combined with other promised goods or services until a bundle is identified that is distinct; or,<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>For each performance obligation to be recognised over-time, the Group applies a revenue r<span class=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Contract modifications<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>a)<span class=\"_ _43\"> </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=\"_ _2af\"> </span>b)<span class=\"_ _43\"> </span><span class=\"ls9 ws1\">prospectively as a termination of the existing contract and creation of a new contract;<span class=\"_ _2af\"> </span></span>c)<span class=\"_ _183\"> </span>as part of the origin<span class=\"_ _1\"></span>al contract using a cumulative catch up (this is typically where the modification changes the services provided to date); or,<span class=\"_ _2af\"> </span>d)<span class=\"_ _43\"> </span><span class=\"ls9 ws1\">as a combination of (b) and (c).<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>termination and a modification of the remaining performance oblig<span class=\"_ _1\"></span>ations.<span class=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2b\"></span>n scope has been approved but the corresponding change in price is still being negotiated, management uses <span class=\"_ _2b\"></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=\"_ _2af\"> </span>Principal versus agent<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></span> the services being delivered.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Licences<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>in-time (passive) from the go-live date of the licence.<span class=\"_ _2af\"> </span>Deferred and accrued income<span class=\"_ _2af\"> </span>The Group\u2019s customer contracts include a diverse range of payment schedules dependent<span class=\"_ _2b\"></span> upon the nature and type of goods and/or services being provided. This can include performance-based pay<span class=\"_ _2b\"></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=\"_ _2af\"> </span>Where payments received are greater than the revenue recognised up to the balance sheet date, the G<span class=\"_ _2b\"></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=\"_ _2b\"></span>ncome asset for this difference.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Contract types<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Long-term contractual \u2013 greater than two years<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>(i)<span class=\"_ _43\"> </span>long-term outsourced service arrangements in the public and private sectors; and<span class=\"_ _2af\"> </span>(ii)<span class=\"_ _e6\"> </span>active software licence arrangements.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Short-term contractual \u2013 less than two years<span class=\"_ _2af\"> </span>The nature of contracts or performance obligations within this revenu<span class=\"_ _1\"></span>e type includes:<span class=\"_ _2af\"> </span>(i)<span class=\"_ _43\"> </span>short-term outsourced service arrangements in the public and private sectors; and<span class=\"_ _2af\"> </span>(ii)<span class=\"_ _e6\"> </span>software maintenance contracts.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Transactional (point-in-time) contracts<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>The nature of contracts or performance obligations within this revenu<span class=\"_ _1\"></span>e type includes:<span class=\"_ _2af\"> </span>(i)<span class=\"_ _43\"> </span><span class=\"ls57 ws46\">provision of computing hardware goods;<span class=\"_ _2af\"> </span></span>(ii)<span class=\"_ _e6\"> </span>passive software licence agreements; (iii)<span class=\"_ _9\"> </span>commission received as agent from the sale of third-party software; and<span class=\"_ _2af\"> </span>(iv)<span class=\"_ _a\"> </span>fees received in relation to the delivery of professional services.<span class=\"_ _2af\"> </span>2.2.1 Segmental revenue<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>presented to reflect the move of businesses between segments during<span class=\"_ _1\"></span> 2023 to enable comparability.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s wce h6c\" id=\"_f12e3f9a-1569-4bd9-8581-3a401b13d4e8\"><tr><td></td><td></td><td class=\"t m0 x449 h3b y3514 ff5b fs8 fc3 sc0 ls58 ws47\">Capita </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x449 h3b y3515 ff5b fs8 fc3 sc0 ls58 ws47\">Public </td><td class=\"t m0 x44a h3b y3515 ff5b fs8 fc3 sc0 ls58 ws47\">Capita </td><td class=\"t m0 x44b h3b y3515 ff5b fs8 fc3 sc0 ls58 ws47\">Total </td><td class=\"t m0 x2fc h3b y3515 ff5b fs8 fc3 sc0 ls58 ws47\">Adjusting </td><td class=\"t m0 x44c h3b y3515 ff5b fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x301 h3a y3516 ff5c fs8 fc3 sc0 ls58 ws47\">Year ended </td><td></td><td class=\"t m0 x44d h3b y3516 ff5b fs8 fc3 sc0 ls58 ws47\">Service </td><td class=\"t m0 x44e h3b y3516 ff5b fs8 fc3 sc0 ls58 ws47\">Experience </td><td class=\"t m0 x44f h3b y3516 ff5b fs8 fc3 sc0 ls58 ws47\">adjusted </td><td class=\"t m0 x450 h3b y3516 ff5b fs8 fc3 sc0 ls58 ws47\">items </td><td class=\"t m0 x451 h3b y3516 ff5b fs8 fc3 sc0 ls58 ws47\">reported </td></tr><tr><td class=\"c n x27b y3518 wcf h6d\"><div class=\"t m0 x27a h3a y3517 ff5c fs8 fc3 sc0 ls58 ws47\">31<span class=\"_ gs23c\"> </span>December 2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n x452 y3518 wd0 h6d\"><div class=\"t m0 x27a h3a y3517 ff5c fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 x453 h3b y3519 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x454 h3b y3519 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x455 h3b y3519 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x456 h3b y3519 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3b y3519 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y351a ff5b fs5 fc3 sc0 ls57 ws46\">Continuing operations<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y351b wd1 h5c\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">Long-term contractual<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x458 y351b w27 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">1,206.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x459 y351b w2d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">875.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45a y351b w27 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">2,082.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45b y351b w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">21.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45c y351b w27 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">2,104.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y351c wd2 h5c\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls9 ws1\">Short-term contractual<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x45d y351c w2d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">195.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45e y351c w2d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">288.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45f y351c w3b h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">484.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x460 y351c w3f h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">19.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x461 y351c w3b h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">503.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y351d wd3 h5c\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls9 ws1\">Transactional (point-in-time)<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x462 y351d w3f h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">56.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x463 y351d w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">19.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x464 y351d w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">75.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x465 y351d w3b h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">131.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x466 y351d w2d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">207.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y351e wd4 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x467 y351e w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">1,458.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x468 y351e w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">1,183.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x469 y351e w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">2,642.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46a y351e w3b h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">172.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46b y351e w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">2,814.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y351f wd5 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">Trading revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x46c y351f w27 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">1,507.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46d y351f w27 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">1,221.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46e y351f w27 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">2,729.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46f y351f w3b h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">194.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x470 y351f w28 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">2,924.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3520 wd6 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">Inter-segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x471 y3520 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">(49.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x472 y3520 wbc h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">(38.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x473 y3520 wd7 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">(<span class=\"_ _2b\"></span>87.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x474 y3520 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">(21.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x475 y3520 w30 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">(109.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3521 wd8 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">Total adjusted segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x476 y3521 w28 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">1,458.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x477 y3521 w28 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">1,183.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x478 y3521 w28 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">2,642.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x479 y3521 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46b y3521 w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">2,642.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3522 wd9 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls9 ws1\">Business exits \u2013 trading<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47a y3522 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">2.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47b y3522 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47c y3522 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47d y3522 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47e y3522 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">172.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2cc y3522 w2d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">172.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3523 wd4 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x467 y3523 w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">1,458.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x468 y3523 w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">1,183.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x469 y3523 w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">2,642.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46a y3523 w3b h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">172.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46b y3523 w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">2,814.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h3a y3524 ff5c fs8 fc3 sc0 ls58 ws47\">Year ended </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x301 h3a y3525 ff5c fs8 fc3 sc0 ls58 ws47\">31<span class=\"_ gs23c\"> </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 x301 h38 y3526 ff5c fs5 fc3 sc0 ls57 ws46\">Continuing operations<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y3527 wd1 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">Long-term contractual<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x458 y3527 w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">1,166.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x459 y3527 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">987.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45a y3527 w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">2,154.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45b y3527 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">81.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45c y3527 w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">2,236.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3528 wd2 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls9 ws1\">Short-term contractual<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x45d y3528 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">236.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45e y3528 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">150.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45f y3528 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">387.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47f y3528 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">107.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x480 y3528 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">494.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3529 wd3 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls9 ws1\">Transactional (point-in-time)<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x462 y3529 w3f h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">51.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x463 y3529 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">16.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x464 y3529 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">67.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x465 y3529 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">216.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x466 y3529 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">283.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y352a wda h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x458 y352a w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">1,454.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x481 y352a w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">1,154.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x482 y352a w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">2,609.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x483 y352a w2d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">405.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x484 y352a w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">3,014.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y352b wd5 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">Trading revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x46c y352b w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">1,497.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46d y352b w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">1,194.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46e y352b w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">2,691.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46f y352b w3b h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">490.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x470 y352b w28 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">3,181.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y352c wd6 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">Inter-segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x471 y352c w34 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">(42.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x472 y352c wbc h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">(40.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x473 y352c wd7 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">(<span class=\"_ _2b\"></span>82.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x474 y352c w34 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">(84.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x475 y352c w30 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">(166.8)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3512 wdb h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">Total adjusted segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x485 y3512 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">1,454.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x486 y3512 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">1,154.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x487 y3512 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">2,609.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x488 y3512 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x489 y3512 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">2,609.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3513 wd9 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls9 ws1\">Business exits \u2013 trading<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47a y3513 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">2.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47b y3513 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47c y3513 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47d y3513 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47e y3513 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">405.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2cc y3513 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">405.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 wda h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x458 y3455 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">1,454.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x481 y3455 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">1,154.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x482 y3455 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">2,609.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x483 y3455 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">405.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x484 y3455 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">3,014.6<span class=\"_ _2af\"> </span></div></td></tr></table>Geographical location<span class=\"_ _2af\"> </span>The Group generates revenue largely in the UK and Europe. The table below presents revenue by geographical location.<span class=\"_ _2af\"> </span><table class=\"s wdc h6e\" id=\"_3d09b6ef-713d-47d3-bfd9-7f058aa3c692\"><tr><td></td><td></td><td></td><td></td><td class=\"c n x48a y352e wdd h6f\"><div class=\"t m0 x27a h3a y352d ff5b fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x48b y352e wdd h70\"><div class=\"t m0 x27a h3a y352d ff5c fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x48c h3b y352f ff5b fs8 fc3 sc0 ls58 ws47\">United </td><td></td><td></td><td></td><td class=\"t m0 x2fe h3a y3530 ff5c fs8 fc3 sc0 ls58 ws47\">United </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x48d h3b y3531 ff5b fs8 fc3 sc0 ls58 ws47\">Kingdom </td><td class=\"t m0 x48e h3b y3531 ff5b fs8 fc3 sc0 ls58 ws47\">Europe </td><td class=\"t m0 x48f h3b y3531 ff5b fs8 fc3 sc0 ls58 ws47\">Other </td><td class=\"t m0 x490 h3b y3531 ff5b fs8 fc3 sc0 ls58 ws47\">Total </td><td class=\"t m0 x491 h3a y3532 ff5c fs8 fc3 sc0 ls58 ws47\">Kingdom </td><td class=\"t m0 x492 h3a y3532 ff5c fs8 fc3 sc0 ls58 ws47\">Europe </td><td class=\"t m0 x493 h3a y3532 ff5c fs8 fc3 sc0 ls58 ws47\">Other </td><td class=\"t m0 x2fd h3a y3532 ff5c fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td></td><td class=\"t m0 x494 h3b y3533 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x495 h3b y3533 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x496 h3b y3533 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x497 h3b y3533 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x498 h3a y3533 ff5c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x499 h3a y3533 ff5c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x49a h3a y3533 ff5c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y3533 ff5c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3455 wde h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">Revenue<span class=\"_ _2af\"> </span></div></td><td class=\"c n x49b y3455 w27 h5f\"><div class=\"t m0 x27a h38 y3453 ff5b fs5 fc3 sc0 ls57 ws46\">2,526.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x49c y3455 w3b h5f\"><div class=\"t m0 x27a h38 y3453 ff5b fs5 fc3 sc0 ls57 ws46\">282.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x49d y3455 w26 h5f\"><div class=\"t m0 x27a h38 y3453 ff5b fs5 fc3 sc0 ls57 ws46\">6.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x49e y3455 w27 h5f\"><div class=\"t m0 x27a h38 y3453 ff5b fs5 fc3 sc0 ls57 ws46\">2,814.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x49f y3455 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">2,731.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4a0 y3455 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">270.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4a1 y3455 w3f h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">12.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4a2 y3455 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">3,014.6<span class=\"_ _2af\"> </span></div></td></tr></table>2.2.2 Order book<span class=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s wdf h71\" id=\"_028a012e-7a88-435a-97f2-94c0c52c754c\"><tr><td></td><td class=\"t m0 x4a3 h3b y3534 ff5d fs8 fc3 sc0 ls58 ws47\">Capita </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x4a3 h3b y3535 ff5d fs8 fc3 sc0 ls58 ws47\">Public </td><td class=\"t m0 x4a4 h3b y3535 ff5d fs8 fc3 sc0 ls58 ws47\">Capita </td><td class=\"t m0 x4a5 h3b y3535 ff5d fs8 fc3 sc0 ls58 ws47\">Capita </td><td></td></tr><tr><td class=\"t m0 x295 h3b y3536 ff5d fs8 fc3 sc0 ls58 ws47\">Order book </td><td class=\"t m0 x4a6 h3b y3536 ff5d fs8 fc3 sc0 ls58 ws47\">Service </td><td class=\"t m0 x4a7 h3b y3536 ff5d fs8 fc3 sc0 ls58 ws47\">Experience </td><td class=\"t m0 x4a8 h3b y3536 ff5d fs8 fc3 sc0 ls58 ws47\">Portfolio </td><td class=\"t m0 x4a9 h3b y3536 ff5d fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x295 h3b y3537 ff5d fs8 fc3 sc0 ls58 ws47\">31<span class=\"_ gs23c\"> </span>December 2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4aa h3b y3537 ff5d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c4 h3b y3537 ff5d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4ab h3b y3537 ff5d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4ac h3b y3537 ff5d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3538 wd1 h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">Long-term contractual<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ad y3538 w27 h5b\"><div class=\"t m0 x27a h38 y343e ff5d fs5 fc3 sc0 ls57 ws46\">3,381.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ae y3538 w8b h5b\"><div class=\"t m0 x27a h38 y343e ff5d fs5 fc3 sc0 ls57 ws46\">2,111.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4af y3538 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff5d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b0 y3538 w27 h5b\"><div class=\"t m0 x27a h38 y343e ff5d fs5 fc3 sc0 ls57 ws46\">5,492.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3539 we0 h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls9 ws1\">Short-term contractual<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b1 y3539 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff5d fs5 fc3 sc0 ls57 ws46\">164.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b2 y3539 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff5d fs5 fc3 sc0 ls57 ws46\">188.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b3 y3539 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5d fs5 fc3 sc0 ls57 ws46\">37.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b4 y3539 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff5d fs5 fc3 sc0 ls57 ws46\">390.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 we1 h64\"><div class=\"t m0 x27a h39 y34b5 ff5d fs5 fc3 sc0 ls57 ws46\">Total<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b5 y3455 w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5d fs5 fc3 sc0 ls57 ws46\">3,546.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b6 y3455 w8b h64\"><div class=\"t m0 x27a h39 y34b5 ff5d fs5 fc3 sc0 ls57 ws46\">2,299.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b7 y3455 w3d h64\"><div class=\"t m0 x27a h39 y34b5 ff5d fs5 fc3 sc0 ls57 ws46\">37.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b8 y3455 w8b h64\"><div class=\"t m0 x27a h39 y34b5 ff5d fs5 fc3 sc0 ls57 ws46\">5,882.6<span class=\"_ _2af\"> </span></div></td></tr></table><table class=\"s we2 h72\" id=\"_c5dbd6c9-001f-44af-89ea-34c6bd84bbab\"><tr><td></td><td class=\"t m0 x4b9 h3a y353a ff5e fs8 fc3 sc0 ls58 ws47\">Capita </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x4b9 h3a y353b ff5e fs8 fc3 sc0 ls9 ws1\">Public </td><td class=\"t m0 x4ba h3a y353b ff5e fs8 fc3 sc0 ls58 ws47\">Capita </td><td class=\"t m0 x4bb h3a y353b ff5e fs8 fc3 sc0 ls58 ws47\">Capita </td><td></td></tr><tr><td class=\"t m0 x295 h3a y353c ff5e fs8 fc3 sc0 ls58 ws47\">Order book </td><td class=\"t m0 x4bc h3a y353c ff5e fs8 fc3 sc0 ls9 ws1\">Service </td><td class=\"t m0 x4bd h3a y353c ff5e fs8 fc3 sc0 ls58 ws47\">Experience </td><td class=\"t m0 x4be h3a y353c ff5e fs8 fc3 sc0 ls58 ws47\">Portfolio </td><td class=\"t m0 x4bf h3a y353c ff5e fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x295 h3a y353d ff5e fs8 fc3 sc0 ls58 ws47\">31<span class=\"_ gs23c\"> </span>December 2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4aa h3a y353d ff5e fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4c0 h3a y353d ff5e fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4ab h3a y353d ff5e fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4ac h3a y353d ff5e fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y34c1 wd1 h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">Long-term contractual<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ad y34c1 w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">2,916.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ae y34c1 w8b h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">2,465.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4c1 y34c1 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">201.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4c2 y34c1 w8b h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">5,583.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y353e ff5e fs5 fc3 sc0 ls9 ws1\">Short-term contractual<span class=\"_ _2af\"> </span></td><td class=\"c n x4c3 y353f w3d h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">68.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4c4 y353f w3d h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">61.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4c5 y353f w5d h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">91.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4c6 y353f w5e h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">221.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 we1 h5b\"><div class=\"t m0 x27a h38 y343e ff5d fs5 fc3 sc0 ls57 ws46\">Total<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b5 y3455 w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">2,985.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b6 y3455 w8b h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">2,526.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4c7 y3455 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">293.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4c8 y3455 w8b h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">5,805.2<span class=\"_ _2af\"> </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 wdf h73\" id=\"_e3a22239-6fe5-4fd8-90ee-9bb2330aac21\"><tr><td></td><td class=\"t m0 x4a4 h3b y3540 ff5d fs8 fc3 sc0 ls58 ws47\">Capita </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x4a4 h3b y3541 ff5d fs8 fc3 sc0 ls58 ws47\">Public </td><td class=\"t m0 x4a5 h3b y3541 ff5d fs8 fc3 sc0 ls58 ws47\">Capita </td><td></td></tr><tr><td class=\"t m0 x295 h3b y3542 ff5d fs8 fc3 sc0 ls58 ws47\">Time bands of expected revenue recognition from long-term contractual </td><td class=\"t m0 x4c9 h3b y3542 ff5d fs8 fc3 sc0 ls58 ws47\">Service </td><td class=\"t m0 x4ca h3b y3542 ff5d fs8 fc3 sc0 ls58 ws47\">Experience </td><td class=\"t m0 x4a9 h3b y3542 ff5d fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x295 h3b y3543 ff5d fs8 fc3 sc0 ls58 ws47\">orders<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c4 h3b y3543 ff5d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4ab h3b y3543 ff5d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4ac h3b y3543 ff5d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3544 we3 h5e\"><div class=\"t m0 x27a h38 y3453 ff5e fs5 fc3 sc0 ls9 ws1\">&lt; 1 year<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4cb y3544 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff5d fs5 fc3 sc0 ls57 ws46\">765.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4cc y3544 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff5d fs5 fc3 sc0 ls57 ws46\">574.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4cd y3544 w27 h5f\"><div class=\"t m0 x27a h38 y3453 ff5d fs5 fc3 sc0 ls57 ws46\">1,339.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3545 we4 h5e\"><div class=\"t m0 x27a h38 y3453 ff5e fs5 fc3 sc0 ls57 ws46\">1\u20135 years<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b6 y3545 w8b h5f\"><div class=\"t m0 x27a h38 y3453 ff5d fs5 fc3 sc0 ls57 ws46\">2,155.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ce y3545 w27 h5f\"><div class=\"t m0 x27a h38 y3453 ff5d fs5 fc3 sc0 ls57 ws46\">1,378.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4cf y3545 w27 h5f\"><div class=\"t m0 x27a h38 y3453 ff5d fs5 fc3 sc0 ls57 ws46\">3,534.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y34c2 we5 h5e\"><div class=\"t m0 x27a h38 y3453 ff5e fs5 fc3 sc0 ls9 ws1\">&gt; 5 years<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4cb y34c2 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff5d fs5 fc3 sc0 ls57 ws46\">460.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4cc y34c2 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff5d fs5 fc3 sc0 ls57 ws46\">158.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d0 y34c2 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff5d fs5 fc3 sc0 ls57 ws46\">618.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 we1 h5b\"><div class=\"t m0 x27a h39 y34b5 ff5d fs5 fc3 sc0 ls57 ws46\">Total<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d1 y3455 w27 h5b\"><div class=\"t m0 x27a h39 y34b5 ff5d fs5 fc3 sc0 ls57 ws46\">3,381.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d2 y3455 w8b h5b\"><div class=\"t m0 x27a h39 y34b5 ff5d fs5 fc3 sc0 ls57 ws46\">2,111.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d3 y3455 w27 h5b\"><div class=\"t m0 x27a h39 y34b5 ff5d fs5 fc3 sc0 ls57 ws46\">5,492.3<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2b\"></span>ing the extension period. The total revenue related to pre-priced extensions included in the tables above am<span class=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>2.2.3 Deferred income<span class=\"_ _2af\"> </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=\"_ _2b\"></span>he beginning of the period was \u00a3599.0m (2022<span class=\"ls9 ws1\">: \u00a3</span>744.2.m).<span class=\"_ _2af\"> </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 (2<span class=\"_ _1\"></span>022: \u00a3<span class=\"ls57 ws46\">nil</span>).<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w5b h6b\" id=\"_9b6a8640-feb3-4064-b05b-659d77b0ba1c\"><tr><td></td><td></td><td class=\"t m0 x3c8 h3b y350e ff52 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2c3 h3a y350e ff53 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x2c4 h3a y350f ff53 fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3b y350f ff52 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y350f ff53 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3510 wcb h5c\"><div class=\"t m0 x27a h38 y343e ff53 fs5 fc3 sc0 ls57 ws46\">Long-term contractual revenue<span class=\"_ _2af\"> </span></div></td><td class=\"c n x440 y3510 w37 h5c\"><div class=\"t m0 x27a h38 y343e ff53 fs5 fc3 sc0 ls57 ws46\">2.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x441 y3510 w27 h5b\"><div class=\"t m0 x27a h38 y343e ff52 fs5 fc3 sc0 ls57 ws46\">2,104.0</div></td><td class=\"t m0 x442 h38 y3511 ff53 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _30\"> </span>2,236.2 </td></tr><tr><td class=\"c n x27b y3512 w73 h5d\"><div class=\"t m0 x27a h38 y343e ff53 fs5 fc3 sc0 ls9 ws1\">Deferred income<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x443 y3512 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff52 fs5 fc3 sc0 ls57 ws46\">537.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x3b5 y3512 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff53 fs5 fc3 sc0 ls57 ws46\">640.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3513 wcc h5d\"><div class=\"t m0 x27a h38 y343e ff53 fs5 fc3 sc0 ls9 ws1\">Contract fulfilment assets (non-current)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x444 y3513 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff53 fs5 fc3 sc0 ls57 ws46\">3.1.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x445 y3513 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff52 fs5 fc3 sc0 ls57 ws46\">257.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x446 y3513 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff53 fs5 fc3 sc0 ls57 ws46\">263.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 wcd h5d\"><div class=\"t m0 x27a h38 y343e ff53 fs5 fc3 sc0 ls9 ws1\">Onerous contract provisions<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x447 y3455 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff52 fs5 fc3 sc0 ls57 ws46\">43.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x448 y3455 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff53 fs5 fc3 sc0 ls57 ws46\">52.8<span class=\"_ _2af\"> </span></div></td></tr></table>Background<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Significant accounting estimates and assumptions<span class=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </span>Significant accounting judgements<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Assessing contract profitability<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>the ability to accurately estimate the costs to deliver the<span class=\"_ _1\"></span> transformed process;<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Recoverability of non-current contract fulfilment assets and completeness of on<span class=\"_ _1\"></span>erous contract provisions<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>2.2 Revenue including segmental revenue<span class=\"_ _2af\"> </span>Accounting policies Revenue<span class=\"_ _2af\"> </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=\"_ _2af\"> </span></span></span>The revenue and profits recognised in any period are based on the delivery of performance obligat<span class=\"_ _2b\"></span>ions and an assessment of when control is transferred to the customer.<span class=\"_ _2af\"> </span>Revenue is recognised either when the performance obligation in<span class=\"_ _1\"></span> the contract has been performed (\u2018point-<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></span>er which non-<span class=\"_ _2af\"> </span>current contract fulfilment assets and capitalised costs to obtain a contract are e<span class=\"_ _1\"></span>xpensed.<span class=\"_ _2af\"> </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=\"_ _2b\"></span>omised goods and services are:<span class=\"_ _2af\"> </span>(i)<span class=\"_ _43\"> </span>distinct \u2013 to be accounted for as separate performance obligations;<span class=\"_ _2af\"> </span>(ii)<span class=\"_ _e6\"> </span>not distinct \u2013 to be combined with other promised goods or services until a bundle is identified that is distinct; or,<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>For each performance obligation to be recognised over-time, the Group applies a revenue r<span class=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Contract modifications<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>a)<span class=\"_ _43\"> </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=\"_ _2af\"> </span>b)<span class=\"_ _43\"> </span><span class=\"ls9 ws1\">prospectively as a termination of the existing contract and creation of a new contract;<span class=\"_ _2af\"> </span></span>c)<span class=\"_ _183\"> </span>as part of the origin<span class=\"_ _1\"></span>al contract using a cumulative catch up (this is typically where the modification changes the services provided to date); or,<span class=\"_ _2af\"> </span>d)<span class=\"_ _43\"> </span><span class=\"ls9 ws1\">as a combination of (b) and (c).<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>termination and a modification of the remaining performance oblig<span class=\"_ _1\"></span>ations.<span class=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2b\"></span>n scope has been approved but the corresponding change in price is still being negotiated, management uses <span class=\"_ _2b\"></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=\"_ _2af\"> </span>Principal versus agent<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></span> the services being delivered.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Licences<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>in-time (passive) from the go-live date of the licence.<span class=\"_ _2af\"> </span>Deferred and accrued income<span class=\"_ _2af\"> </span>The Group\u2019s customer contracts include a diverse range of payment schedules dependent<span class=\"_ _2b\"></span> upon the nature and type of goods and/or services being provided. This can include performance-based pay<span class=\"_ _2b\"></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=\"_ _2af\"> </span>Where payments received are greater than the revenue recognised up to the balance sheet date, the G<span class=\"_ _2b\"></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=\"_ _2b\"></span>ncome asset for this difference.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Contract types<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Long-term contractual \u2013 greater than two years<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>(i)<span class=\"_ _43\"> </span>long-term outsourced service arrangements in the public and private sectors; and<span class=\"_ _2af\"> </span>(ii)<span class=\"_ _e6\"> </span>active software licence arrangements.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Short-term contractual \u2013 less than two years<span class=\"_ _2af\"> </span>The nature of contracts or performance obligations within this revenu<span class=\"_ _1\"></span>e type includes:<span class=\"_ _2af\"> </span>(i)<span class=\"_ _43\"> </span>short-term outsourced service arrangements in the public and private sectors; and<span class=\"_ _2af\"> </span>(ii)<span class=\"_ _e6\"> </span>software maintenance contracts.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Transactional (point-in-time) contracts<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>The nature of contracts or performance obligations within this revenu<span class=\"_ _1\"></span>e type includes:<span class=\"_ _2af\"> </span>(i)<span class=\"_ _43\"> </span><span class=\"ls57 ws46\">provision of computing hardware goods;<span class=\"_ _2af\"> </span></span>(ii)<span class=\"_ _e6\"> </span>passive software licence agreements; (iii)<span class=\"_ _9\"> </span>commission received as agent from the sale of third-party software; and<span class=\"_ _2af\"> </span>(iv)<span class=\"_ _a\"> </span>fees received in relation to the delivery of professional services.<span class=\"_ _2af\"> </span>2.2.1 Segmental revenue<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>presented to reflect the move of businesses between segments during<span class=\"_ _1\"></span> 2023 to enable comparability.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span><div class=\"gs23b\"><table class=\"s wce h6c\" id=\"_f12e3f9a-1569-4bd9-8581-3a401b13d4e8\"><tr><td></td><td></td><td class=\"t m0 x449 h3b y3514 ff5b fs8 fc3 sc0 ls58 ws47\">Capita </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x449 h3b y3515 ff5b fs8 fc3 sc0 ls58 ws47\">Public </td><td class=\"t m0 x44a h3b y3515 ff5b fs8 fc3 sc0 ls58 ws47\">Capita </td><td class=\"t m0 x44b h3b y3515 ff5b fs8 fc3 sc0 ls58 ws47\">Total </td><td class=\"t m0 x2fc h3b y3515 ff5b fs8 fc3 sc0 ls58 ws47\">Adjusting </td><td class=\"t m0 x44c h3b y3515 ff5b fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x301 h3a y3516 ff5c fs8 fc3 sc0 ls58 ws47\">Year ended </td><td></td><td class=\"t m0 x44d h3b y3516 ff5b fs8 fc3 sc0 ls58 ws47\">Service </td><td class=\"t m0 x44e h3b y3516 ff5b fs8 fc3 sc0 ls58 ws47\">Experience </td><td class=\"t m0 x44f h3b y3516 ff5b fs8 fc3 sc0 ls58 ws47\">adjusted </td><td class=\"t m0 x450 h3b y3516 ff5b fs8 fc3 sc0 ls58 ws47\">items </td><td class=\"t m0 x451 h3b y3516 ff5b fs8 fc3 sc0 ls58 ws47\">reported </td></tr><tr><td class=\"c n x27b y3518 wcf h6d\"><div class=\"t m0 x27a h3a y3517 ff5c fs8 fc3 sc0 ls58 ws47\">31<span class=\"_ gs23c\"> </span>December 2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n x452 y3518 wd0 h6d\"><div class=\"t m0 x27a h3a y3517 ff5c fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 x453 h3b y3519 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x454 h3b y3519 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x455 h3b y3519 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x456 h3b y3519 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3b y3519 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y351a ff5b fs5 fc3 sc0 ls57 ws46\">Continuing operations<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y351b wd1 h5c\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">Long-term contractual<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x458 y351b w27 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">1,206.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x459 y351b w2d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">875.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45a y351b w27 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">2,082.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45b y351b w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">21.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45c y351b w27 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">2,104.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y351c wd2 h5c\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls9 ws1\">Short-term contractual<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x45d y351c w2d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">195.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45e y351c w2d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">288.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45f y351c w3b h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">484.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x460 y351c w3f h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">19.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x461 y351c w3b h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">503.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y351d wd3 h5c\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls9 ws1\">Transactional (point-in-time)<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x462 y351d w3f h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">56.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x463 y351d w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">19.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x464 y351d w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">75.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x465 y351d w3b h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">131.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x466 y351d w2d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">207.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y351e wd4 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x467 y351e w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">1,458.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x468 y351e w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">1,183.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x469 y351e w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">2,642.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46a y351e w3b h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">172.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46b y351e w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">2,814.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y351f wd5 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">Trading revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x46c y351f w27 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">1,507.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46d y351f w27 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">1,221.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46e y351f w27 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">2,729.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46f y351f w3b h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">194.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x470 y351f w28 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">2,924.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3520 wd6 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">Inter-segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x471 y3520 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">(49.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x472 y3520 wbc h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">(38.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x473 y3520 wd7 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">(<span class=\"_ _2b\"></span>87.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x474 y3520 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">(21.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x475 y3520 w30 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">(109.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3521 wd8 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">Total adjusted segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x476 y3521 w28 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">1,458.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x477 y3521 w28 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">1,183.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x478 y3521 w28 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">2,642.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x479 y3521 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46b y3521 w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">2,642.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3522 wd9 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls9 ws1\">Business exits \u2013 trading<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47a y3522 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">2.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47b y3522 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47c y3522 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47d y3522 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47e y3522 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">172.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2cc y3522 w2d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">172.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3523 wd4 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x467 y3523 w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">1,458.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x468 y3523 w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">1,183.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x469 y3523 w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">2,642.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46a y3523 w3b h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">172.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46b y3523 w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">2,814.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h3a y3524 ff5c fs8 fc3 sc0 ls58 ws47\">Year ended </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x301 h3a y3525 ff5c fs8 fc3 sc0 ls58 ws47\">31<span class=\"_ gs23c\"> </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 x301 h38 y3526 ff5c fs5 fc3 sc0 ls57 ws46\">Continuing operations<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y3527 wd1 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">Long-term contractual<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x458 y3527 w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">1,166.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x459 y3527 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">987.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45a y3527 w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">2,154.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45b y3527 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">81.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45c y3527 w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">2,236.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3528 wd2 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls9 ws1\">Short-term contractual<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x45d y3528 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">236.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45e y3528 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">150.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45f y3528 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">387.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47f y3528 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">107.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x480 y3528 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">494.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3529 wd3 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls9 ws1\">Transactional (point-in-time)<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x462 y3529 w3f h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">51.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x463 y3529 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">16.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x464 y3529 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">67.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x465 y3529 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">216.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x466 y3529 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">283.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y352a wda h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x458 y352a w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">1,454.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x481 y352a w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">1,154.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x482 y352a w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">2,609.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x483 y352a w2d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">405.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x484 y352a w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">3,014.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y352b wd5 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">Trading revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x46c y352b w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">1,497.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46d y352b w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">1,194.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46e y352b w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">2,691.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46f y352b w3b h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">490.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x470 y352b w28 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">3,181.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y352c wd6 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">Inter-segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x471 y352c w34 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">(42.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x472 y352c wbc h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">(40.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x473 y352c wd7 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">(<span class=\"_ _2b\"></span>82.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x474 y352c w34 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">(84.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x475 y352c w30 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">(166.8)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3512 wdb h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">Total adjusted segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x485 y3512 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">1,454.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x486 y3512 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">1,154.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x487 y3512 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">2,609.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x488 y3512 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x489 y3512 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">2,609.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3513 wd9 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls9 ws1\">Business exits \u2013 trading<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47a y3513 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">2.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47b y3513 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47c y3513 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47d y3513 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47e y3513 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">405.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2cc y3513 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">405.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 wda h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x458 y3455 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">1,454.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x481 y3455 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">1,154.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x482 y3455 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">2,609.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x483 y3455 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">405.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x484 y3455 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">3,014.6<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h39 ff5b fs5 fc1 sc0 ls57 ws46 gs23d\">Geographical location<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5c fs5 fc3 sc0 ls57 ws46 gs23e\">The Group generates revenue largely in the UK and Europe. The table below presents revenue by </div><div class=\"t m0 h38 ff5c fs5 fc3 sc0 ls57 ws46 gs23f\">geographical location.<span class=\"_ _2af\"> </span></div><div class=\"gs240\"><table class=\"s wdc h6e\" id=\"_3d09b6ef-713d-47d3-bfd9-7f058aa3c692\"><tr><td></td><td></td><td></td><td></td><td class=\"c n x48a y352e wdd h6f\"><div class=\"t m0 x27a h3a y352d ff5b fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x48b y352e wdd h70\"><div class=\"t m0 x27a h3a y352d ff5c fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x48c h3b y352f ff5b fs8 fc3 sc0 ls58 ws47\">United </td><td></td><td></td><td></td><td class=\"t m0 x2fe h3a y3530 ff5c fs8 fc3 sc0 ls58 ws47\">United </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x48d h3b y3531 ff5b fs8 fc3 sc0 ls58 ws47\">Kingdom </td><td class=\"t m0 x48e h3b y3531 ff5b fs8 fc3 sc0 ls58 ws47\">Europe </td><td class=\"t m0 x48f h3b y3531 ff5b fs8 fc3 sc0 ls58 ws47\">Other </td><td class=\"t m0 x490 h3b y3531 ff5b fs8 fc3 sc0 ls58 ws47\">Total </td><td class=\"t m0 x491 h3a y3532 ff5c fs8 fc3 sc0 ls58 ws47\">Kingdom </td><td class=\"t m0 x492 h3a y3532 ff5c fs8 fc3 sc0 ls58 ws47\">Europe </td><td class=\"t m0 x493 h3a y3532 ff5c fs8 fc3 sc0 ls58 ws47\">Other </td><td class=\"t m0 x2fd h3a y3532 ff5c fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td></td><td class=\"t m0 x494 h3b y3533 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x495 h3b y3533 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x496 h3b y3533 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x497 h3b y3533 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x498 h3a y3533 ff5c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x499 h3a y3533 ff5c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x49a h3a y3533 ff5c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y3533 ff5c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3455 wde h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">Revenue<span class=\"_ _2af\"> </span></div></td><td class=\"c n x49b y3455 w27 h5f\"><div class=\"t m0 x27a h38 y3453 ff5b fs5 fc3 sc0 ls57 ws46\">2,526.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x49c y3455 w3b h5f\"><div class=\"t m0 x27a h38 y3453 ff5b fs5 fc3 sc0 ls57 ws46\">282.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x49d y3455 w26 h5f\"><div class=\"t m0 x27a h38 y3453 ff5b fs5 fc3 sc0 ls57 ws46\">6.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x49e y3455 w27 h5f\"><div class=\"t m0 x27a h38 y3453 ff5b fs5 fc3 sc0 ls57 ws46\">2,814.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x49f y3455 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">2,731.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4a0 y3455 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">270.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4a1 y3455 w3f h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">12.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4a2 y3455 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">3,014.6<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h39 ff5d fs5 fc1 sc0 ls57 ws46 gs242\">2.2.2 Order book<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5e fs5 fc3 sc0 ls9 ws1 gs243\">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 fc3 sc0 ls9 ws1 gs244\">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 fc3 sc0 ls9 ws1 gs245\">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 fc3 sc0 ls9 ws1 gs246\">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 fc3 sc0 ls9 ws1 gs247\">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 fc3 sc0 ls9 ws1 gs248\">performance obligations is as follows:<span class=\"_ _2af\"> </span></div><div class=\"gs249\"><table class=\"s wdf h71\" id=\"_028a012e-7a88-435a-97f2-94c0c52c754c\"><tr><td></td><td class=\"t m0 x4a3 h3b y3534 ff5d fs8 fc3 sc0 ls58 ws47\">Capita </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x4a3 h3b y3535 ff5d fs8 fc3 sc0 ls58 ws47\">Public </td><td class=\"t m0 x4a4 h3b y3535 ff5d fs8 fc3 sc0 ls58 ws47\">Capita </td><td class=\"t m0 x4a5 h3b y3535 ff5d fs8 fc3 sc0 ls58 ws47\">Capita </td><td></td></tr><tr><td class=\"t m0 x295 h3b y3536 ff5d fs8 fc3 sc0 ls58 ws47\">Order book </td><td class=\"t m0 x4a6 h3b y3536 ff5d fs8 fc3 sc0 ls58 ws47\">Service </td><td class=\"t m0 x4a7 h3b y3536 ff5d fs8 fc3 sc0 ls58 ws47\">Experience </td><td class=\"t m0 x4a8 h3b y3536 ff5d fs8 fc3 sc0 ls58 ws47\">Portfolio </td><td class=\"t m0 x4a9 h3b y3536 ff5d fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x295 h3b y3537 ff5d fs8 fc3 sc0 ls58 ws47\">31<span class=\"_ gs23c\"> </span>December 2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4aa h3b y3537 ff5d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c4 h3b y3537 ff5d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4ab h3b y3537 ff5d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4ac h3b y3537 ff5d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3538 wd1 h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">Long-term contractual<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ad y3538 w27 h5b\"><div class=\"t m0 x27a h38 y343e ff5d fs5 fc3 sc0 ls57 ws46\">3,381.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ae y3538 w8b h5b\"><div class=\"t m0 x27a h38 y343e ff5d fs5 fc3 sc0 ls57 ws46\">2,111.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4af y3538 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff5d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b0 y3538 w27 h5b\"><div class=\"t m0 x27a h38 y343e ff5d fs5 fc3 sc0 ls57 ws46\">5,492.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3539 we0 h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls9 ws1\">Short-term contractual<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b1 y3539 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff5d fs5 fc3 sc0 ls57 ws46\">164.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b2 y3539 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff5d fs5 fc3 sc0 ls57 ws46\">188.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b3 y3539 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5d fs5 fc3 sc0 ls57 ws46\">37.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b4 y3539 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff5d fs5 fc3 sc0 ls57 ws46\">390.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 we1 h64\"><div class=\"t m0 x27a h39 y34b5 ff5d fs5 fc3 sc0 ls57 ws46\">Total<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b5 y3455 w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5d fs5 fc3 sc0 ls57 ws46\">3,546.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b6 y3455 w8b h64\"><div class=\"t m0 x27a h39 y34b5 ff5d fs5 fc3 sc0 ls57 ws46\">2,299.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b7 y3455 w3d h64\"><div class=\"t m0 x27a h39 y34b5 ff5d fs5 fc3 sc0 ls57 ws46\">37.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b8 y3455 w8b h64\"><div class=\"t m0 x27a h39 y34b5 ff5d fs5 fc3 sc0 ls57 ws46\">5,882.6<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"gs24a\"><table class=\"s we2 h72\" id=\"_c5dbd6c9-001f-44af-89ea-34c6bd84bbab\"><tr><td></td><td class=\"t m0 x4b9 h3a y353a ff5e fs8 fc3 sc0 ls58 ws47\">Capita </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x4b9 h3a y353b ff5e fs8 fc3 sc0 ls9 ws1\">Public </td><td class=\"t m0 x4ba h3a y353b ff5e fs8 fc3 sc0 ls58 ws47\">Capita </td><td class=\"t m0 x4bb h3a y353b ff5e fs8 fc3 sc0 ls58 ws47\">Capita </td><td></td></tr><tr><td class=\"t m0 x295 h3a y353c ff5e fs8 fc3 sc0 ls58 ws47\">Order book </td><td class=\"t m0 x4bc h3a y353c ff5e fs8 fc3 sc0 ls9 ws1\">Service </td><td class=\"t m0 x4bd h3a y353c ff5e fs8 fc3 sc0 ls58 ws47\">Experience </td><td class=\"t m0 x4be h3a y353c ff5e fs8 fc3 sc0 ls58 ws47\">Portfolio </td><td class=\"t m0 x4bf h3a y353c ff5e fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x295 h3a y353d ff5e fs8 fc3 sc0 ls58 ws47\">31<span class=\"_ gs23c\"> </span>December 2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4aa h3a y353d ff5e fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4c0 h3a y353d ff5e fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4ab h3a y353d ff5e fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4ac h3a y353d ff5e fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y34c1 wd1 h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">Long-term contractual<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ad y34c1 w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">2,916.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ae y34c1 w8b h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">2,465.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4c1 y34c1 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">201.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4c2 y34c1 w8b h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">5,583.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y353e ff5e fs5 fc3 sc0 ls9 ws1\">Short-term contractual<span class=\"_ _2af\"> </span></td><td class=\"c n x4c3 y353f w3d h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">68.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4c4 y353f w3d h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">61.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4c5 y353f w5d h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">91.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4c6 y353f w5e h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">221.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 we1 h5b\"><div class=\"t m0 x27a h38 y343e ff5d fs5 fc3 sc0 ls57 ws46\">Total<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b5 y3455 w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">2,985.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b6 y3455 w8b h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">2,526.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4c7 y3455 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">293.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4c8 y3455 w8b h5d\"><div class=\"t m0 x27a h38 y343e ff5e fs5 fc3 sc0 ls57 ws46\">5,805.2<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ff5e fs5 fc3 sc0 ls9 ws1 gs24b\">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 fc3 sc0 ls57 ws46 gs24c\">at 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\">: </span></div><div class=\"gs24d\"><table class=\"s wdf h73\" id=\"_e3a22239-6fe5-4fd8-90ee-9bb2330aac21\"><tr><td></td><td class=\"t m0 x4a4 h3b y3540 ff5d fs8 fc3 sc0 ls58 ws47\">Capita </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x4a4 h3b y3541 ff5d fs8 fc3 sc0 ls58 ws47\">Public </td><td class=\"t m0 x4a5 h3b y3541 ff5d fs8 fc3 sc0 ls58 ws47\">Capita </td><td></td></tr><tr><td class=\"t m0 x295 h3b y3542 ff5d fs8 fc3 sc0 ls58 ws47\">Time bands of expected revenue recognition from long-term contractual </td><td class=\"t m0 x4c9 h3b y3542 ff5d fs8 fc3 sc0 ls58 ws47\">Service </td><td class=\"t m0 x4ca h3b y3542 ff5d fs8 fc3 sc0 ls58 ws47\">Experience </td><td class=\"t m0 x4a9 h3b y3542 ff5d fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x295 h3b y3543 ff5d fs8 fc3 sc0 ls58 ws47\">orders<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c4 h3b y3543 ff5d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4ab h3b y3543 ff5d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4ac h3b y3543 ff5d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3544 we3 h5e\"><div class=\"t m0 x27a h38 y3453 ff5e fs5 fc3 sc0 ls9 ws1\">&lt; 1 year<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4cb y3544 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff5d fs5 fc3 sc0 ls57 ws46\">765.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4cc y3544 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff5d fs5 fc3 sc0 ls57 ws46\">574.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4cd y3544 w27 h5f\"><div class=\"t m0 x27a h38 y3453 ff5d fs5 fc3 sc0 ls57 ws46\">1,339.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3545 we4 h5e\"><div class=\"t m0 x27a h38 y3453 ff5e fs5 fc3 sc0 ls57 ws46\">1\u20135 years<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4b6 y3545 w8b h5f\"><div class=\"t m0 x27a h38 y3453 ff5d fs5 fc3 sc0 ls57 ws46\">2,155.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ce y3545 w27 h5f\"><div class=\"t m0 x27a h38 y3453 ff5d fs5 fc3 sc0 ls57 ws46\">1,378.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4cf y3545 w27 h5f\"><div class=\"t m0 x27a h38 y3453 ff5d fs5 fc3 sc0 ls57 ws46\">3,534.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y34c2 we5 h5e\"><div class=\"t m0 x27a h38 y3453 ff5e fs5 fc3 sc0 ls9 ws1\">&gt; 5 years<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4cb y34c2 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff5d fs5 fc3 sc0 ls57 ws46\">460.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4cc y34c2 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff5d fs5 fc3 sc0 ls57 ws46\">158.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d0 y34c2 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff5d fs5 fc3 sc0 ls57 ws46\">618.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 we1 h5b\"><div class=\"t m0 x27a h39 y34b5 ff5d fs5 fc3 sc0 ls57 ws46\">Total<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d1 y3455 w27 h5b\"><div class=\"t m0 x27a h39 y34b5 ff5d fs5 fc3 sc0 ls57 ws46\">3,381.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d2 y3455 w8b h5b\"><div class=\"t m0 x27a h39 y34b5 ff5d fs5 fc3 sc0 ls57 ws46\">2,111.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d3 y3455 w27 h5b\"><div class=\"t m0 x27a h39 y34b5 ff5d fs5 fc3 sc0 ls57 ws46\">5,492.3<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ff5e fs5 fc3 sc0 ls9 ws1 gs24f\">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 fc3 sc0 ls9 ws1 gs250\">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 fc3 sc0 ls9 ws1 gs251\">meaningful information to a user of the consolidated financial stateme<span class=\"_ _1\"></span>nts.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5e fs5 fc3 sc0 ls9 ws1 gs252\">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 fc3 sc0 ls9 ws1 gs253\">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 fc3 sc0 ls9 ws1 gs254\">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 fc3 sc0 ls9 ws1 gs255\">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 fc3 sc0 ls57 ws46 gs256\">elements have been excluded from the above tables because they are not contracted. Addit<span class=\"_ _2b\"></span>ionally, revenue </div><div class=\"t m0 h38 ff5e fs5 fc3 sc0 ls9 ws1 gs257\">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 fc3 sc0 ls57 ws46 gs258\">the Group has a legally binding obligation to deliver the performance obligations dur<span class=\"_ _2b\"></span>ing the extension </div><div class=\"t m0 h38 ff5e fs5 fc3 sc0 ls57 ws46 gs259\">period. The total revenue related to pre-priced extensions included in the tables above am<span class=\"_ _2b\"></span>ounted to </div><div class=\"t m0 h38 ff5e fs5 fc3 sc0 ls57 ws46 gs25a\">\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 fc3 sc0 ls9 ws1 gs25b\">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 fc3 sc0 ls57 ws46 gs25c\">compensating the other party.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5e fs5 fc3 sc0 ls9 ws1 gs25d\">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 fc3 sc0 ls9 ws1 gs25e\">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 fc3 sc0 ls9 ws1 gs25f\">(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 fc3 sc0 ls9 ws1 gs260\">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 fc3 sc0 ls57 ws46 gs261\">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 fc3 sc0 ls9 ws1 gs262\">contracts.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5e fs5 fc3 sc0 ls9 ws1 gs263\">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 fc3 sc0 ls9 ws1 gs264\">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 fc3 sc0 ls9 ws1 gs265\">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 fc3 sc0 ls9 ws1 gs266\">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 fc3 sc0 ls9 ws1 gs267\">represented more than 10% of the Group\u2019s total revenues)<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5e fs5 fc3 sc0 ls9 ws1 gs268\">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 fc3 sc0 ls9 ws1 gs269\">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 fc3 sc0 ls9 ws1 gs26a\">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 fc3 sc0 ls9 ws1 gs26b\">previous contract has been released. The new contract is expected<span class=\"_ _1\"></span> to be worth up to \u00a3420m to 2030.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff5d fs5 fc1 sc0 ls57 ws46 gs26c\">2.2.3 Deferred income<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5e fs5 fc3 sc0 ls9 ws1 gs26d\">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 fc3 sc0 ls57 ws46 gs26e\">recognised in the reporting period that was included in the deferred income balance at t<span class=\"_ _2b\"></span>he beginning of the </div><div class=\"t m0 h38 ff5e fs5 fc3 sc0 ls57 ws46 gs26f\">period was \u00a3599.0m (2022<span class=\"ls9 ws1\">: \u00a3</span>744.2.m).<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5e fs5 fc3 sc0 ls9 ws1 gs270\">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 fc3 sc0 ls9 ws1 gs271\">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 fc3 sc0 ls57 ws46 gs272\">of \u00a39.9m<span class=\"ls9 ws1\"> which primarily relates to an early termination of a contract in Capita Experience (2<span class=\"_ _1\"></span>022: \u00a3<span class=\"ls57 ws46\">nil</span>).<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span></span></span>The revenue and profits recognised in any period are based on the delivery of performance obligat<span class=\"_ _2b\"></span>ions and an assessment of when control is transferred to the customer.<span class=\"_ _2af\"> </span>Revenue is recognised either when the performance obligation in<span class=\"_ _1\"></span> the contract has been performed (\u2018point-<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></span>er which non-<span class=\"_ _2af\"> </span>current contract fulfilment assets and capitalised costs to obtain a contract are e<span class=\"_ _1\"></span>xpensed.<span class=\"_ _2af\"> </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=\"_ _2b\"></span>omised goods and services are:<span class=\"_ _2af\"> </span>(i)<span class=\"_ _43\"> </span>distinct \u2013 to be accounted for as separate performance obligations;<span class=\"_ _2af\"> </span>(ii)<span class=\"_ _e6\"> </span>not distinct \u2013 to be combined with other promised goods or services until a bundle is identified that is distinct; or,<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>For each performance obligation to be recognised over-time, the Group applies a revenue r<span class=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Contract modifications<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>a)<span class=\"_ _43\"> </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=\"_ _2af\"> </span>b)<span class=\"_ _43\"> </span><span class=\"ls9 ws1\">prospectively as a termination of the existing contract and creation of a new contract;<span class=\"_ _2af\"> </span></span>c)<span class=\"_ _183\"> </span>as part of the origin<span class=\"_ _1\"></span>al contract using a cumulative catch up (this is typically where the modification changes the services provided to date); or,<span class=\"_ _2af\"> </span>d)<span class=\"_ _43\"> </span><span class=\"ls9 ws1\">as a combination of (b) and (c).<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>termination and a modification of the remaining performance oblig<span class=\"_ _1\"></span>ations.<span class=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2b\"></span>n scope has been approved but the corresponding change in price is still being negotiated, management uses <span class=\"_ _2b\"></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=\"_ _2af\"> </span>Principal versus agent<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></span> the services being delivered.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Licences<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>in-time (passive) from the go-live date of the licence.<span class=\"_ _2af\"> </span>Deferred and accrued income<span class=\"_ _2af\"> </span>The Group\u2019s customer contracts include a diverse range of payment schedules dependent<span class=\"_ _2b\"></span> upon the nature and type of goods and/or services being provided. This can include performance-based pay<span class=\"_ _2b\"></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=\"_ _2af\"> </span>Where payments received are greater than the revenue recognised up to the balance sheet date, the G<span class=\"_ _2b\"></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=\"_ _2b\"></span>ncome asset for this difference.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Contract types<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Long-term contractual \u2013 greater than two years<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>(i)<span class=\"_ _43\"> </span>long-term outsourced service arrangements in the public and private sectors; and<span class=\"_ _2af\"> </span>(ii)<span class=\"_ _e6\"> </span>active software licence arrangements.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Short-term contractual \u2013 less than two years<span class=\"_ _2af\"> </span>The nature of contracts or performance obligations within this revenu<span class=\"_ _1\"></span>e type includes:<span class=\"_ _2af\"> </span>(i)<span class=\"_ _43\"> </span>short-term outsourced service arrangements in the public and private sectors; and<span class=\"_ _2af\"> </span>(ii)<span class=\"_ _e6\"> </span>software maintenance contracts.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Transactional (point-in-time) contracts<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>The nature of contracts or performance obligations within this revenu<span class=\"_ _1\"></span>e type includes:<span class=\"_ _2af\"> </span>(i)<span class=\"_ _43\"> </span><span class=\"ls57 ws46\">provision of computing hardware goods;<span class=\"_ _2af\"> </span></span>(ii)<span class=\"_ _e6\"> </span>passive software licence agreements; (iii)<span class=\"_ _9\"> </span>commission received as agent from the sale of third-party software; and<span class=\"_ _2af\"> </span>(iv)<span class=\"_ _a\"> </span>fees received in relation to the delivery of professional services.<span class=\"_ _2af\"> </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 fc1 sc0 ls57 ws46 gs22c\">2.2.1 Segmental revenue<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5c fs5 fc3 sc0 ls9 ws1 gs22d\">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 fc3 sc0 ls9 ws1 gs22e\">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 fc3 sc0 ls9 ws1 gs22f\">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 fc3 sc0 ls9 ws1 gs230\">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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5c fs5 fc3 sc0 ls57 ws46 gs231\">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=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff5c fs5 fc3 sc0 ls9 ws1 gs232\">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 fc3 sc0 ls9 ws1 gs233\">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 fc3 sc0 ls9 ws1 gs234\">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 fc3 sc0 ls9 ws1 gs235\">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 fc3 sc0 ls9 ws1 gs236\">the Capita Portfolio division is no longer disclose<span class=\"_ _1\"></span>d as a division. Comparative information has also been re-<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5c fs5 fc3 sc0 ls9 ws1 gs237\">presented to reflect the move of businesses between segments during<span class=\"_ _1\"></span> 2023 to enable comparability.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff5c fs5 fc3 sc0 ls9 ws1 gs238\">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 fc3 sc0 ls9 ws1 gs239\">(<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=\"_ _2af\"> </span></div><table class=\"s wce h6c\" id=\"_f12e3f9a-1569-4bd9-8581-3a401b13d4e8\"><tr><td></td><td></td><td class=\"t m0 x449 h3b y3514 ff5b fs8 fc3 sc0 ls58 ws47\">Capita </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x449 h3b y3515 ff5b fs8 fc3 sc0 ls58 ws47\">Public </td><td class=\"t m0 x44a h3b y3515 ff5b fs8 fc3 sc0 ls58 ws47\">Capita </td><td class=\"t m0 x44b h3b y3515 ff5b fs8 fc3 sc0 ls58 ws47\">Total </td><td class=\"t m0 x2fc h3b y3515 ff5b fs8 fc3 sc0 ls58 ws47\">Adjusting </td><td class=\"t m0 x44c h3b y3515 ff5b fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x301 h3a y3516 ff5c fs8 fc3 sc0 ls58 ws47\">Year ended </td><td></td><td class=\"t m0 x44d h3b y3516 ff5b fs8 fc3 sc0 ls58 ws47\">Service </td><td class=\"t m0 x44e h3b y3516 ff5b fs8 fc3 sc0 ls58 ws47\">Experience </td><td class=\"t m0 x44f h3b y3516 ff5b fs8 fc3 sc0 ls58 ws47\">adjusted </td><td class=\"t m0 x450 h3b y3516 ff5b fs8 fc3 sc0 ls58 ws47\">items </td><td class=\"t m0 x451 h3b y3516 ff5b fs8 fc3 sc0 ls58 ws47\">reported </td></tr><tr><td class=\"c n x27b y3518 wcf h6d\"><div class=\"t m0 x27a h3a y3517 ff5c fs8 fc3 sc0 ls58 ws47\">31<span class=\"_ gs23c\"> </span>December 2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n x452 y3518 wd0 h6d\"><div class=\"t m0 x27a h3a y3517 ff5c fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 x453 h3b y3519 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x454 h3b y3519 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x455 h3b y3519 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x456 h3b y3519 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3b y3519 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y351a ff5b fs5 fc3 sc0 ls57 ws46\">Continuing operations<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y351b wd1 h5c\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">Long-term contractual<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x458 y351b w27 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">1,206.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x459 y351b w2d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">875.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45a y351b w27 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">2,082.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45b y351b w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">21.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45c y351b w27 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">2,104.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y351c wd2 h5c\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls9 ws1\">Short-term contractual<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x45d y351c w2d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">195.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45e y351c w2d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">288.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45f y351c w3b h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">484.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x460 y351c w3f h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">19.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x461 y351c w3b h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">503.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y351d wd3 h5c\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls9 ws1\">Transactional (point-in-time)<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x462 y351d w3f h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">56.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x463 y351d w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">19.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x464 y351d w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">75.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x465 y351d w3b h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">131.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x466 y351d w2d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">207.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y351e wd4 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x467 y351e w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">1,458.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x468 y351e w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">1,183.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x469 y351e w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">2,642.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46a y351e w3b h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">172.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46b y351e w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">2,814.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y351f wd5 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">Trading revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x46c y351f w27 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">1,507.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46d y351f w27 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">1,221.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46e y351f w27 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">2,729.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46f y351f w3b h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">194.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x470 y351f w28 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">2,924.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3520 wd6 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">Inter-segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x471 y3520 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">(49.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x472 y3520 wbc h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">(38.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x473 y3520 wd7 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">(<span class=\"_ _2b\"></span>87.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x474 y3520 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">(21.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x475 y3520 w30 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">(109.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3521 wd8 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">Total adjusted segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x476 y3521 w28 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">1,458.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x477 y3521 w28 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">1,183.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x478 y3521 w28 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">2,642.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x479 y3521 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46b y3521 w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">2,642.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3522 wd9 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls9 ws1\">Business exits \u2013 trading<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47a y3522 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">2.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47b y3522 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47c y3522 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47d y3522 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47e y3522 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">172.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2cc y3522 w2d h5b\"><div class=\"t m0 x27a h38 y343e ff5b fs5 fc3 sc0 ls57 ws46\">172.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3523 wd4 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x467 y3523 w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">1,458.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x468 y3523 w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">1,183.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x469 y3523 w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">2,642.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46a y3523 w3b h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">172.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46b y3523 w27 h64\"><div class=\"t m0 x27a h39 y34b5 ff5b fs5 fc3 sc0 ls57 ws46\">2,814.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h3a y3524 ff5c fs8 fc3 sc0 ls58 ws47\">Year ended </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x301 h3a y3525 ff5c fs8 fc3 sc0 ls58 ws47\">31<span class=\"_ gs23c\"> </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 x301 h38 y3526 ff5c fs5 fc3 sc0 ls57 ws46\">Continuing operations<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y3527 wd1 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">Long-term contractual<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x458 y3527 w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">1,166.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x459 y3527 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">987.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45a y3527 w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">2,154.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45b y3527 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">81.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45c y3527 w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">2,236.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3528 wd2 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls9 ws1\">Short-term contractual<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x45d y3528 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">236.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45e y3528 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">150.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x45f y3528 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">387.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47f y3528 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">107.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x480 y3528 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">494.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3529 wd3 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls9 ws1\">Transactional (point-in-time)<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x462 y3529 w3f h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">51.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x463 y3529 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">16.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x464 y3529 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">67.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x465 y3529 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">216.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x466 y3529 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">283.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y352a wda h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x458 y352a w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">1,454.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x481 y352a w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">1,154.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x482 y352a w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">2,609.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x483 y352a w2d h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">405.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x484 y352a w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">3,014.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y352b wd5 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">Trading revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x46c y352b w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">1,497.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46d y352b w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">1,194.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46e y352b w27 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">2,691.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x46f y352b w3b h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">490.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x470 y352b w28 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">3,181.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y352c wd6 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">Inter-segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x471 y352c w34 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">(42.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x472 y352c wbc h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">(40.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x473 y352c wd7 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">(<span class=\"_ _2b\"></span>82.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x474 y352c w34 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">(84.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x475 y352c w30 h5d\"><div class=\"t m0 x27a h38 y343e ff5c fs5 fc3 sc0 ls57 ws46\">(166.8)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3512 wdb h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">Total adjusted segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x485 y3512 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">1,454.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x486 y3512 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">1,154.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x487 y3512 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">2,609.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x488 y3512 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x489 y3512 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">2,609.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3513 wd9 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls9 ws1\">Business exits \u2013 trading<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47a y3513 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">2.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47b y3513 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47c y3513 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47d y3513 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x47e y3513 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">405.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2cc y3513 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">405.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 wda h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x458 y3455 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">1,454.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x481 y3455 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">1,154.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x482 y3455 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">2,609.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x483 y3455 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">405.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x484 y3455 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">3,014.6<span class=\"_ _2af\"> </span></div></td></tr></table>Geographical location<span class=\"_ _2af\"> </span>The Group generates revenue largely in the UK and Europe. The table below presents revenue by geographical location.<span class=\"_ _2af\"> </span><table class=\"s wdc h6e\" id=\"_3d09b6ef-713d-47d3-bfd9-7f058aa3c692\"><tr><td></td><td></td><td></td><td></td><td class=\"c n x48a y352e wdd h6f\"><div class=\"t m0 x27a h3a y352d ff5b fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x48b y352e wdd h70\"><div class=\"t m0 x27a h3a y352d ff5c fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x48c h3b y352f ff5b fs8 fc3 sc0 ls58 ws47\">United </td><td></td><td></td><td></td><td class=\"t m0 x2fe h3a y3530 ff5c fs8 fc3 sc0 ls58 ws47\">United </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x48d h3b y3531 ff5b fs8 fc3 sc0 ls58 ws47\">Kingdom </td><td class=\"t m0 x48e h3b y3531 ff5b fs8 fc3 sc0 ls58 ws47\">Europe </td><td class=\"t m0 x48f h3b y3531 ff5b fs8 fc3 sc0 ls58 ws47\">Other </td><td class=\"t m0 x490 h3b y3531 ff5b fs8 fc3 sc0 ls58 ws47\">Total </td><td class=\"t m0 x491 h3a y3532 ff5c fs8 fc3 sc0 ls58 ws47\">Kingdom </td><td class=\"t m0 x492 h3a y3532 ff5c fs8 fc3 sc0 ls58 ws47\">Europe </td><td class=\"t m0 x493 h3a y3532 ff5c fs8 fc3 sc0 ls58 ws47\">Other </td><td class=\"t m0 x2fd h3a y3532 ff5c fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td></td><td class=\"t m0 x494 h3b y3533 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x495 h3b y3533 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x496 h3b y3533 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x497 h3b y3533 ff5b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x498 h3a y3533 ff5c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x499 h3a y3533 ff5c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x49a h3a y3533 ff5c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y3533 ff5c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3455 wde h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">Revenue<span class=\"_ _2af\"> </span></div></td><td class=\"c n x49b y3455 w27 h5f\"><div class=\"t m0 x27a h38 y3453 ff5b fs5 fc3 sc0 ls57 ws46\">2,526.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x49c y3455 w3b h5f\"><div class=\"t m0 x27a h38 y3453 ff5b fs5 fc3 sc0 ls57 ws46\">282.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x49d y3455 w26 h5f\"><div class=\"t m0 x27a h38 y3453 ff5b fs5 fc3 sc0 ls57 ws46\">6.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x49e y3455 w27 h5f\"><div class=\"t m0 x27a h38 y3453 ff5b fs5 fc3 sc0 ls57 ws46\">2,814.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x49f y3455 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">2,731.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4a0 y3455 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">270.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4a1 y3455 w3f h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">12.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4a2 y3455 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff5c fs5 fc3 sc0 ls57 ws46\">3,014.6<span class=\"_ _2af\"> </span></div></td></tr></table><div class=\"t m0 h37 ff64 fs3 fc1 sc0 ls9 ws1 gs2be\">2.5 Segmental information<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff65 fs5 fc3 sc0 ls9 ws1 gs2bf\">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 fc3 sc0 ls9 ws1 gs2c0\">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 fc3 sc0 ls9 ws1 gs2c1\">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 fc3 sc0 ls9 ws1 gs2c2\">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 fc3 sc0 ls9 ws1 gs2c3\">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 fc3 sc0 ls9 ws1 gs2c4\">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 fc3 sc0 ls57 ws46 gs2c5\">segmental revenue can be found in note<span class=\"_ gs15\"> </span>2.2.<span class=\"_ _2af\"> </span></div><div class=\"gs2c6\"><table class=\"s w103 h77\" 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 x52a y3571 w104 h78\"><div class=\"t m0 x27a h3a y3517 ff64 fs8 fc3 sc0 ls58 ws47\">Year ended 31<span class=\"_ gs23c\"> </span>December 2023<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x52b y3571 w105 h79\"><div class=\"t m0 x27a h3a y3517 ff65 fs8 fc3 sc0 ls58 ws47\">Year ended 31<span class=\"_ gs23c\"> </span>December 2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m0 x52c h3b y3572 ff64 fs8 fc3 sc0 ls58 ws47\">Capita </td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x52d h3a y3572 ff65 fs8 fc3 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 x52e h3b y3573 ff64 fs8 fc3 sc0 ls58 ws47\">Public </td><td class=\"t m0 x52f h3b y3573 ff64 fs8 fc3 sc0 ls58 ws47\">Capita </td><td class=\"t m0 x530 h3b y3573 ff64 fs8 fc3 sc0 ls58 ws47\">Capita </td><td class=\"t m0 x531 h3b y3573 ff64 fs8 fc3 sc0 ls58 ws47\">Total </td><td class=\"t m0 x532 h3b y3573 ff64 fs8 fc3 sc0 ls58 ws47\">Adjusting </td><td class=\"t m0 x533 h3b y3573 ff64 fs8 fc3 sc0 ls58 ws47\">Total </td><td class=\"t m0 x534 h3a y3573 ff65 fs8 fc3 sc0 ls9 ws1\">Public </td><td class=\"t m0 x535 h3a y3573 ff65 fs8 fc3 sc0 ls58 ws47\">Capita </td><td class=\"t m0 x536 h3a y3573 ff65 fs8 fc3 sc0 ls58 ws47\">Capita </td><td class=\"t m0 x537 h3a y3573 ff65 fs8 fc3 sc0 ls58 ws47\">Total </td><td class=\"t m0 x538 h3a y3573 ff65 fs8 fc3 sc0 ls58 ws47\">Adjusting </td><td class=\"t m0 x276 h3a y3573 ff65 fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x295 h3b y3574 ff64 fs8 fc3 sc0 ls58 ws47\">Year ended </td><td></td><td class=\"t m0 x329 h3b y3574 ff64 fs8 fc3 sc0 ls58 ws47\">Service </td><td class=\"t m0 x539 h3b y3574 ff64 fs8 fc3 sc0 ls58 ws47\">Experience </td><td class=\"t m0 x53a h3b y3574 ff64 fs8 fc3 sc0 ls58 ws47\">plc </td><td class=\"t m0 x53b h3b y3574 ff64 fs8 fc3 sc0 ls58 ws47\">adjusted </td><td class=\"t m0 x53c h3b y3574 ff64 fs8 fc3 sc0 ls58 ws47\">items </td><td class=\"t m0 x53d h3b y3574 ff64 fs8 fc3 sc0 ls58 ws47\">reported </td><td class=\"t m0 x53e h3a y3574 ff65 fs8 fc3 sc0 ls9 ws1\">Service </td><td class=\"t m0 x53f h3a y3574 ff65 fs8 fc3 sc0 ls58 ws47\">Experience </td><td class=\"t m0 x540 h3a y3574 ff65 fs8 fc3 sc0 ls9 ws1\">plc </td><td class=\"t m0 x541 h3a y3574 ff65 fs8 fc3 sc0 ls58 ws47\">adjusted </td><td class=\"t m0 x542 h3a y3574 ff65 fs8 fc3 sc0 ls58 ws47\">items </td><td class=\"t m0 x543 h3a y3574 ff65 fs8 fc3 sc0 ls58 ws47\">reported </td></tr><tr><td class=\"c n x27b y3575 w106 h78\"><div class=\"t m0 x27a h3a y3517 ff64 fs8 fc3 sc0 ls58 ws47\">31<span class=\"_ gs23c\"> </span>December 2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n x544 y3575 wd0 h79\"><div class=\"t m0 x27a h3a y3517 ff65 fs8 fc3 sc0 ls58 ws47\">Notes</div></td><td class=\"t m0 x545 h3b y3576 ff64 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x546 h3b y3576 ff64 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x53a h3b y3576 ff64 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x547 h3b y3576 ff64 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x548 h3b y3576 ff64 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x549 h3b y3576 ff64 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x54a h3a y3576 ff65 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x54b h3a y3576 ff65 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x54c h3a y3576 ff65 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x54d h3a y3576 ff65 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x54e h3a y3576 ff65 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x54f h3a y3576 ff65 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h38 y3577 ff65 fs5 fc3 sc0 ls57 ws46\">Adjusted operating profit<span class=\"_ _2af\"> </span></td><td class=\"t m0 x550 h38 y3578 ff65 fs5 fc3 sc0 ls57 ws46\">2.4<span class=\"_ _2af\"> </span></td><td class=\"c n x551 y3579 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">89.3</div></td><td class=\"c n x552 y3579 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">50.9</div></td><td class=\"c n x553 y3579 wbc h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">(33.7)</div></td><td class=\"c n x554 y3579 w2d h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">106.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x555 y3579 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x556 y3579 w2d h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">106.5</div></td><td class=\"c n x557 y3579 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">93.7</div></td><td class=\"c n x558 y3579 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">35.7</div></td><td class=\"c n x559 y3579 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">(51.4)</div></td><td class=\"c n x55a y3579 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">78.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x55b y3579 w8c h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x55c y3579 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">78.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y357a ff65 fs5 fc3 sc0 ls9 ws1\">Cost reduction programme<span class=\"_ _2af\"> </span></td><td class=\"t m0 x550 h38 y357b ff65 fs5 fc3 sc0 ls57 ws46\">2.4<span class=\"_ _2af\"> </span></td><td class=\"c n x55d y357c wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls9 ws1\">(7.0)</div></td><td class=\"c n x55e y357c wbc h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">(37.3)</div></td><td class=\"c n x55f y357c w34 h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">(10.1)</div></td><td class=\"c n x560 y357c w36 h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x561 y357c w34 h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">(54.4)</div></td><td class=\"c n x562 y357c w34 h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">(54.4)</div></td><td class=\"c n x563 y357c w36 h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x564 y357c w8c h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x565 y357c w36 h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x566 y357c w36 h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x567 y357c w36 h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x568 y357c w36 h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y357d ff65 fs5 fc3 sc0 ls9 ws1\">Business exits \u2013 trading<span class=\"_ _2af\"> </span></td><td class=\"t m0 x550 h38 y357e ff65 fs5 fc3 sc0 ls57 ws46\">2.8<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td class=\"c n x569 y357f w43 h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls9 ws1\">(3.4)</div></td><td class=\"c n x56a y357f w43 h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls9 ws1\">(3.4)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x56b y357f w3f h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">39.7</div></td><td class=\"c n x56c y357f w3d h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">39.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3580 w107 h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">Total trading result<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x56d y3580 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">82.3</div></td><td class=\"c n x56e y3580 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">13.6</div></td><td class=\"c n x56f y3580 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">(43.8)</div></td><td class=\"c n x570 y3580 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">106.5</div></td><td class=\"c n x571 y3580 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">(57.8)</div></td><td class=\"c n x572 y3580 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">48.7</div></td><td class=\"c n x573 y3580 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">93.7</div></td><td class=\"c n x574 y3580 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">35.7</div></td><td class=\"c n x575 y3580 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">(51.4)</div></td><td class=\"c n x576 y3580 w3f h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">78.0</div></td><td class=\"c n x577 y3580 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">39.7</div></td><td class=\"c n x578 y3580 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">117.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y3581 ff65 fs5 fc3 sc0 ls9 ws1\">Non-trading items:<span class=\"_ _2af\"> </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 x579 h38 y3582 ff65 fs5 fc3 sc0 ls9 ws1\">Business exits \u2013 non-trading<span class=\"_ _2af\"> </span></td><td class=\"t m0 x550 h38 y3583 ff65 fs5 fc3 sc0 ls57 ws46\">2.8<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td class=\"c n x57a y3584 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x57b y3584 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">(33.0)</div></td><td class=\"c n x57c y3584 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">(33.0)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x57d y3584 w8c h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x57e y3584 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">(23.2)</div></td><td class=\"c n x57f y3584 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">(23.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x579 h38 y3585 ff65 fs5 fc3 sc0 ls9 ws1\">Other adjusting items<span class=\"_ _2af\"> </span></td><td class=\"t m0 x550 h38 y3586 ff65 fs5 fc3 sc0 ls57 ws46\">2.4<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td class=\"c n x57a y3587 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x57b y3587 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">(67.7)</div></td><td class=\"c n x57c y3587 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">(67.7)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x57d y3587 w8c h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x580 y3587 w30 h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">(174.1)</div></td><td class=\"c n x581 y3587 w30 h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">(174.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3588 w108 h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls9 ws1\">Operating profit/(loss)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x570 y3588 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">106.5</div></td><td class=\"c n x582 y3588 w31 h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">(158.5)</div></td><td class=\"c n x583 y3588 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">(52.0)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x584 y3588 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">78.0</div></td><td class=\"c n x585 y3588 w31 h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">(157.6)</div></td><td class=\"c n x586 y3588 w109 h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">(79.<span class=\"_ _2b\"></span>6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3589 w10a h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls9 ws1\">Interest income<span class=\"_ _2af\"> </span></div></td><td class=\"c n x587 y3589 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">4.3<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x588 y3589 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">8.7<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x589 y3589 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">8.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y358a w10b h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls9 ws1\">Interest expense<span class=\"_ _2af\"> </span></div></td><td class=\"c n x587 y358a w62 h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">4.3<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x58a y358a w34 h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls57 ws46\">(60.9)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x58b y358a w34 h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">(40.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y358b w35 h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls9 ws1\">Share of results in associates and investment gains<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x58c y358b w36 h5b\"><div class=\"t m0 x27a h38 y343e ff64 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x58d y358b w37 h5d\"><div class=\"t m0 x27a h38 y343e ff65 fs5 fc3 sc0 ls57 ws46\">5.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y358c w10c h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls9 ws1\">(Loss)/gain on business disposal<span class=\"_ _2af\"> </span></div></td><td class=\"c n x587 y358c w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls57 ws46\">2.8<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x58e y358c w43 h64\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls9 ws1\">(2.4)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x58f y358c w2d h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls57 ws46\">166.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y358d w3c h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls9 ws1\">(Loss)/profit before tax<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x590 y358d w30 h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls57 ws46\">(106.6)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x591 y358d w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls57 ws46\">61.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y358e ff64 fs5 fc3 sc0 ls57 ws46\">Supplementary Information<span class=\"_ _2af\"> </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 x295 h38 y358f ff65 fs5 fc3 sc0 ls9 ws1\">Depreciation and amortisation<span class=\"_ _2af\"> </span></td><td class=\"c x503 y3590 w10 h46\"><div class=\"t m0 x209 h38 y2779 ff65 fs5 fc3 sc0 ls57 ws46\">3.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x551 y3591 w5d h5b\"><div class=\"t m0 x27a h39 y34b5 ff64 fs5 fc3 sc0 ls57 ws46\">42.5</div></td><td class=\"c n x552 y3591 w3d h5b\"><div class=\"t m0 x27a h39 y34b5 ff64 fs5 fc3 sc0 ls57 ws46\">57.8</div></td><td class=\"c n x592 y3591 w37 h5b\"><div class=\"t m0 x27a h39 y34b5 ff64 fs5 fc3 sc0 ls57 ws46\">3.6</div></td><td class=\"c n x593 y3591 w10d h5b\"><div class=\"t m0 x27a h39 y34b5 ff64 fs5 fc3 sc0 ls57 ws46\">103.9</div></td><td class=\"c n x594 y3591 w37 h5b\"><div class=\"t m0 x27a h39 y34b5 ff64 fs5 fc3 sc0 ls57 ws46\">4.9</div></td><td class=\"c n x595 y3591 w3b h5b\"><div class=\"t m0 x27a h39 y34b5 ff64 fs5 fc3 sc0 ls57 ws46\">108.8</div></td><td class=\"c n x596 y3592 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls57 ws46\">38.2</div></td><td class=\"c n x597 y3592 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls57 ws46\">66.5</div></td><td class=\"c n x598 y3592 w3f h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls57 ws46\">14.6</div></td><td class=\"c n x599 y3592 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls57 ws46\">119.3</div></td><td class=\"c n x59a y3592 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls57 ws46\">19.1</div></td><td class=\"c n x59b y3592 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls57 ws46\">138.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x550 h38 y3593 ff65 fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </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 x295 h38 y3594 ff65 fs5 fc3 sc0 ls9 ws1\">Impairment of property, plant and equipment, intangible assets an<span class=\"_ _1\"></span>d right-of-use assets<span class=\"_ _2af\"> </span></td><td class=\"c x503 y3590 w10 h46\"><div class=\"t m0 x209 h38 y277b ff65 fs5 fc3 sc0 ls57 ws46\">3.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x59c y3595 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls57 ws46\">1.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x59d y3595 w26 h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls57 ws46\">2.6</div></td><td class=\"c n x59e y3595 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls57 ws46\">0.1</div></td><td class=\"c n x59f y3595 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls57 ws46\">4.2</div></td><td class=\"c n x5a0 y3595 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls57 ws46\">23.2</div></td><td class=\"c n x5a1 y3595 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls57 ws46\">27.4</div></td><td class=\"c n x5a2 y3595 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5a3 y3595 w26 h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls57 ws46\">7.7</div></td><td class=\"c n x5a4 y3595 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls9 ws1\">(0.6)</div></td><td class=\"t m0 x5a5 h38 y3594 ff65 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _1fa\"> </span>7.1 </td><td class=\"t m0 x5a6 h38 y3596 ff65 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _c0\"> </span>0.8 </td><td class=\"t m0 x5a7 h38 y3594 ff65 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _1fa\"> </span>7.9 </td></tr><tr><td class=\"t m0 x295 h38 y3597 ff65 fs5 fc3 sc0 ls9 ws1\">Non-current contract fulfilment assets utilisation, impairment and derecognitio<span class=\"_ _1\"></span>n<span class=\"_ _2af\"> </span></td><td class=\"c n x5a8 y3598 w56 h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls57 ws46\">3.1.3</div></td><td class=\"c n x5a9 y3598 w5d h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls57 ws46\">59.8</div></td><td class=\"c n x5aa y3598 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls57 ws46\">16.0</div></td><td class=\"c n x5ab y3598 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x5ac y3598 w3f h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls57 ws46\">75.8</div></td><td class=\"c n x5ad y3598 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls57 ws46\">8.7</div></td><td class=\"c n x5ae y3598 w3f h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls57 ws46\">84.5</div></td><td class=\"c n x5af y3598 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls57 ws46\">67.2</div></td><td class=\"c n x5b0 y3598 w3f h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls57 ws46\">16.3</div></td><td class=\"c n x5b1 y3598 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 x5a5 h38 y3597 ff65 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _e\"> </span>83.5 </td><td class=\"t m0 x5a6 h38 y3599 ff65 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _c0\"> </span>2.2 </td><td class=\"t m0 x5a7 h38 y3597 ff65 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _e\"> </span>85.7 </td></tr><tr><td class=\"c n x27b y3455 wcd h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls9 ws1\">Onerous contract provisions<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5b2 y3455 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls57 ws46\">2.3</div></td><td class=\"c n x5b3 y3455 w72 h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5b4 y3455 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls57 ws46\">7.1</div></td><td class=\"c n x5b5 y3455 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x5b6 y3455 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls57 ws46\">7.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5b7 y3455 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x5b8 y3455 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls57 ws46\">7.1</div></td><td class=\"c n x5b9 y3455 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5ba y3455 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls57 ws46\">1.7</div></td><td class=\"c n x5bb y3455 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x5bc y3455 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5bd y3455 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x5be y3455 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h39 ff64 fs5 fc1 sc0 ls57 ws46 gs2c7\">Geographical location<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff65 fs5 fc3 sc0 ls9 ws1 gs2c8\">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=\"_ _2af\"> </span></div><div class=\"gs2c9\"><table class=\"s w10e h6e\" id=\"_c088ea26-7417-4cf3-9106-f3d866fad485\"><tr><td></td><td></td><td></td><td></td><td class=\"c n x5bf y352e wdd h6f\"><div class=\"t m0 x27a h3a y352d ff64 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x5c0 y352e wdd h70\"><div class=\"t m0 x27a h3a y352d ff65 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c x5c1 y359a w11 h47\"><div class=\"t m0 xb2 h3b y2787 ff64 fs8 fc3 sc0 ls58 ws47\">United  </div></td><td></td><td></td><td></td><td class=\"c x5c2 y359a w11 h47\"><div class=\"t m0 x20d h3a y2787 ff65 fs8 fc3 sc0 ls58 ws47\">United  </div></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x545 h3b y359b ff64 fs8 fc3 sc0 ls58 ws47\">Kingdom </td><td class=\"t m0 x5c3 h3b y359b ff64 fs8 fc3 sc0 ls58 ws47\">Europe </td><td class=\"t m0 x5c4 h3b y359b ff64 fs8 fc3 sc0 ls58 ws47\">Other </td><td class=\"t m0 x335 h3b y359b ff64 fs8 fc3 sc0 ls58 ws47\">Total </td><td class=\"t m0 x326 h3a y359b ff65 fs8 fc3 sc0 ls58 ws47\">Kingdom </td><td class=\"t m0 x5c5 h3a y359c ff65 fs8 fc3 sc0 ls58 ws47\">Europe </td><td class=\"t m0 x278 h3a y359c ff65 fs8 fc3 sc0 ls58 ws47\">Other </td><td class=\"t m0 x276 h3a y359c ff65 fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td></td><td class=\"t m0 x539 h3b y359d ff64 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5c6 h3b y359d ff64 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5c7 h3b y359d ff64 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5c8 h3b y359d ff64 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5c9 h3a y359d ff65 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x540 h3a y359d ff65 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5ca h3a y359d ff65 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x54f h3a y359d ff65 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3455 w10f h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls9 ws1\">Non-current assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5cb y3455 w8b h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls57 ws46\">1,112.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5cc y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls57 ws46\">14.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5cd y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls57 ws46\">17.0</div></td><td class=\"c n x5ce y3455 w110 h5f\"><div class=\"t m0 x27a h38 y3453 ff64 fs5 fc3 sc0 ls57 ws46\">1,143.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5cf y3455 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls57 ws46\">1,320.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5d0 y3455 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls57 ws46\">11.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5d1 y3455 w26 h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls57 ws46\">8.9</div></td><td class=\"c n x5d2 y3455 w111 h5e\"><div class=\"t m0 x27a h38 y3453 ff65 fs5 fc3 sc0 ls57 ws46\">1,<span class=\"_ _2b\"></span>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=\"_ _2af\"> </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=\"_ _2b\"></span>he beginning of the period was \u00a3599.0m (2022<span class=\"ls9 ws1\">: \u00a3</span>744.2.m).<span class=\"_ _2af\"> </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 (2<span class=\"_ _1\"></span>022: \u00a3<span class=\"ls57 ws46\">nil</span>).<span class=\"_ _2af\"> </span></span>3.1.2 Trade and other payables<span class=\"_ _2af\"> </span><table class=\"s w5b h92\" id=\"_83b2b9fc-24cf-4a80-a777-6cd4ba99f181\"><tr><td></td><td></td><td class=\"c n x95f y36c1 w1af h6f\"><div class=\"t m0 x27a h3b y3608 ff83 fs8 fc3 sc0 ls58 ws47\">Current<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x960 y36c1 w1b0 h6f\"><div class=\"t m0 x27a h3b y3608 ff83 fs8 fc3 sc0 ls58 ws47\">Non-current<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x762 h3b y36c2 ff83 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7e9 h3a y36c2 ff84 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 x3c8 h3b y36c2 ff83 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2c3 h3a y36c2 ff84 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x773 h3b y36c3 ff83 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5de h3a y36c3 ff84 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3b y36c3 ff83 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y36c3 ff84 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y356a w1be h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">Trade payables<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98e y356a w5e h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">164.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98f y356a w3b h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">134.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x990 y356a w62 h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x991 y356a w62 h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b0 w1bf h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">Other payables<span class=\"_ _2af\"> </span></div></td><td class=\"c n x973 y35b0 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">27.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x974 y35b0 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">32.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x975 y35b0 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">6.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x992 y35b0 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">6.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b1 w17d h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls9 ws1\">Other taxes and social security<span class=\"_ _2af\"> </span></div></td><td class=\"c n x993 y35b1 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">74.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x994 y35b1 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">85.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x995 y35b1 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x996 y35b1 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">6.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3560 w60 h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls9 ws1\">Accruals<span class=\"_ _2af\"> </span></div></td><td class=\"c n x997 y3560 w6b h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">159.<span class=\"_ _2b\"></span>4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x998 y3560 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">239.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x999 y3560 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x99a y3560 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">2.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x976 y3455 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">425.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x977 y3455 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">492.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x99b y3455 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">8.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x99c y3455 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">15.1<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></span>he beginning of the period was \u00a3599.0m (2022<span class=\"ls9 ws1\">: \u00a3</span>744.2.m).<span class=\"_ _2af\"> </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 (2<span class=\"_ _1\"></span>022: \u00a3<span class=\"ls57 ws46\">nil</span>).<span class=\"_ _2af\"> </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 fc1 sc0 ls9 ws1 gs274\">2.3 Operating profit<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff5f fs5 fc1 sc0 ls57 ws46 gs275\">2.3.1 Items charged/(credited) to reported operating profit<span class=\"_ _2af\"> </span></div><div class=\"gs276\"><table class=\"s we6 h74\" id=\"_f3c26cb4-d907-42c1-95e0-bb03f1ff9d8d\"><tr><td></td><td></td><td class=\"t m0 x3c8 h3b y3546 ff5f fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y3547 ff60 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2c4 h3a y3548 ff60 fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3b y3548 ff5f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3548 ff60 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3447 we7 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">Depreciation of property, plant and equipment<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2d0 y3447 w62 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d4 y3447 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">31.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d5 y3447 w3d h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">40.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3448 we8 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Depreciation of right-of-use assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d6 y3448 w62 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d7 y3448 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">48.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d8 y3448 w5d h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">56.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3549 we9 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">Impairment of property, plant and equipment<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d9 y3549 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4da y3549 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">10.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4db y3549 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">4.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354a wea h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Impairment/(reversal of impairment) of right-of-use assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4dc y354a w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4dd y354a w5d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">15.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4de y354a wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">(2.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354b web h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Amortisation of intangible assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4df y354b w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e0 y354b w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">29.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e1 y354b w5d h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">41.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354c wec h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Impairment of intangible assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x315 y354c w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e2 y354c w62 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e3 y354c w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">5.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354d wed h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Impairment of goodwill<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e4 y354d w37 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e5 y354d w5d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">42.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e6 y354d w5e h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">169.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354e wee h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Impairment of disposal group assets held for sale<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e7 y354e w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">2.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e8 y354e w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">18.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e9 y354e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354f wef h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">Loss on sale of property, plant and equipment and intangibles<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ea y354f w56 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">2.9.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4eb y354f w62 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ec y354f w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3550 wf0 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Income from foreign exchange differences<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x3ea y3550 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ed y3550 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">6.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3551 wf1 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Contract fulfilment asset utilisation, impairment and derecognition<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ee y3551 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.1.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ef y3551 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">84.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f0 y3551 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">85.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3552 wf2 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Contract termination gains<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x4f1 y3552 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">6.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f2 y3552 w72 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y3553 ff60 fs5 fc3 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 x27b y3554 wf3 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">fulfilment asset utilisation<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x3e1 y3554 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">9.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f3 y3554 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 wf4 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Onerous contract provisions (net of additions and releases)<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x4f4 y3455 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">7.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f5 y3455 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ff5f fs5 fc3 sc0 ls9 ws1 gs277\">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 fc3 sc0 ls9 ws1 gs278\">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 fc3 sc0 ls9 ws1 gs279\">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 fc3 sc0 ls9 ws1 gs27a\">(<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">nil) and recorded as income during the year.<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff5f fs5 fc3 sc0 ls57 ws46 gs27b\">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 fc3 sc0 ls57 ws46 gs27c\">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 fc3 sc0 ls9 ws1 gs27d\">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 fc3 sc0 ls9 ws1 gs27e\">Experience where a contract was terminated earlier than planned.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff5f fs5 fc3 sc0 ls57 ws46 gs27f\">Onerous contract provisions:</div><div class=\"t m0 h38 ff60 fs7 fc7 sc0 ls9 ws1 gs280\"> <span class=\"fs5 fc3 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 fc3 sc0 ls9 ws1 gs281\">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 fc3 sc0 ls9 ws1 gs282\">Experience).<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff5f fs5 fc1 sc0 ls57 ws46 gs284\">2.3.2 Fees payable to auditors<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff60 fs5 fc3 sc0 ls9 ws1 gs285\">The amounts included in the table below relate to fees payable<span class=\"_ _1\"></span> to KPMG LLP and its associates:<span class=\"_ _2af\"> </span></div><div class=\"gs286\"><table class=\"s wf5 h75\" id=\"_2bc829c2-6a13-4b91-9805-59378b34cb17\"><tr><td></td><td class=\"t m0 x2fc h3b y3555 ff5f fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2fd h3a y3556 ff60 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x2ff h3b y3557 ff5f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y3557 ff60 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y3558 ff5f fs5 fc3 sc0 ls57 ws46\">Audit and audit-related services<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x4f6 h38 y3559 ff60 fs5 fc3 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 x4f7 y355a wf6 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">statements<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f8 y355a w26 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f9 y355a w26 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y355b wf7 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">The audit of the financial statements of the Group\u2019s subsidiary compan<span class=\"_ _1\"></span>ies<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f8 y355b w26 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f9 y355b w26 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y355c wf8 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">Total audit and audit-related services<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fa y355c w37 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fb y355c w37 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">6.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y355d ff5f fs5 fc3 sc0 ls57 ws46\">Non-audit services<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x4f7 y355e wf9 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Other assurance services<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fc y355e w37 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fd y355e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y355f wfa h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Audit-related assurance services<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fe y355f w26 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ff y355f w26 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">1.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3560 wfb h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">Total non-audit services<span class=\"_ _2af\"> </span></div></td><td class=\"c n x3ea y3560 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x500 y3560 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">1.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 wfc h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">Total audit and non-audit services<span class=\"_ _2af\"> </span></div></td><td class=\"c n x501 y3455 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">5.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x502 y3455 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">7.7<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ff60 fs5 fc3 sc0 ls57 ws46 gs287\">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 fc3 sc0 ls9 ws1 gs288\">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 fc3 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 fc3 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=\"_ _2af\"> </span></div>2.4 Adjusted operating profit and adjusted profit before tax<span class=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>The items below <span class=\"_ _1\"></span>are excluded from the <span class=\"_ _1\"></span>adjusted results:<span class=\"_ _2af\"> </span><table class=\"s wfd h76\" id=\"_3112e0cb-d59b-4b9c-9232-2eba2ec32706\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x503 h3b y3561 ff61 fs8 fc3 sc0 ls58 ws47\">(Loss)/<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x504 h3b y3562 ff61 fs8 fc3 sc0 ls58 ws47\">Operating </td><td></td><td class=\"t m0 x4ac h3b y3562 ff61 fs8 fc3 sc0 ls58 ws47\">profit </td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x505 h3b y3563 ff61 fs8 fc3 sc0 ls58 ws47\">(loss)/profit<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 x506 h3b y3563 ff61 fs8 fc3 sc0 ls58 ws47\">before tax<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x4c9 h3b y3564 ff61 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x507 h3a y3565 ff62 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x508 h3b y3564 ff61 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2c3 h3a y3565 ff62 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x509 h3a y3566 ff62 fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4a4 h3b y3566 ff61 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4ca h3a y3566 ff62 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x50a h3b y3566 ff61 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3566 ff62 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3567 wfe h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">Reported<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x50b y3567 w34 h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">(52.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x50c y3567 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">(79.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x50d y3567 w30 h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">(106.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x50e y3567 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">61.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3568 wff h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">Amortisation and impairment of acquired intangibles<span class=\"_ _2af\"> </span></div></td><td class=\"c n x50f y3568 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x510 y3568 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x511 y3568 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x512 y3568 w100 h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x513 y3568 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3569 wed h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">Impairment of goodwill<span class=\"_ _2af\"> </span></div></td><td class=\"c n x514 y3569 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">3.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x515 y3569 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">42.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x516 y3569 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">169.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x517 y3569 w5d h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">42.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x518 y3569 w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">169.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356a w101 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">Net finance expense/(income)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x514 y356a w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">4.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x519 y356a w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x51a y356a w72 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x51b y356a w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">2.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x51c y356a wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">(3.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356b wc6 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">Business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n x51d y356b w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">2.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x51e y356b w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">36.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x51f y356b w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">(16.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x520 y356b w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">38.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x521 y356b wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">(182.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356c wc6 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">Cyber incident<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x522 y356c w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">25.3</div></td><td class=\"t m0 x505 h38 y356d ff62 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _3c\"> </span>\u2014 </td><td class=\"t m0 x523 h39 y356e ff61 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _2f\"> </span>25.3 </td><td class=\"t m0 x524 h38 y356d ff62 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _3c\"> </span>\u2014 </td></tr><tr><td class=\"c n x27b y3560 wc7 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">Cost reduction programme<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x525 y3560 w7a h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">54.<span class=\"_ _2b\"></span>4</div></td><td class=\"t m0 x505 h38 y356f ff62 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _3c\"> </span>\u2014 </td><td class=\"t m0 x523 h39 y3570 ff61 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _2f\"> </span>54.4 </td><td class=\"t m0 x524 h38 y356f ff62 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _3c\"> </span>\u2014 </td></tr><tr><td class=\"c n x27b y3455 w102 h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">Adjusted<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x526 y3455 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">106.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x527 y3455 w5d h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">78.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x528 y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">56.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x529 y3455 w5d h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">49.8<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Refer to note<span class=\"_ gs15\"> </span>2.9.1 for the cash flow impact of the above.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>2.3.1 Items charged/(credited) to reported operating profit<span class=\"_ _2af\"> </span><table class=\"s we6 h74\" id=\"_f3c26cb4-d907-42c1-95e0-bb03f1ff9d8d\"><tr><td></td><td></td><td class=\"t m0 x3c8 h3b y3546 ff5f fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y3547 ff60 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2c4 h3a y3548 ff60 fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3b y3548 ff5f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3548 ff60 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3447 we7 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">Depreciation of property, plant and equipment<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2d0 y3447 w62 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d4 y3447 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">31.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d5 y3447 w3d h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">40.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3448 we8 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Depreciation of right-of-use assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d6 y3448 w62 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d7 y3448 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">48.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d8 y3448 w5d h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">56.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3549 we9 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">Impairment of property, plant and equipment<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d9 y3549 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4da y3549 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">10.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4db y3549 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">4.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354a wea h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Impairment/(reversal of impairment) of right-of-use assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4dc y354a w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4dd y354a w5d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">15.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4de y354a wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">(2.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354b web h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Amortisation of intangible assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4df y354b w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e0 y354b w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">29.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e1 y354b w5d h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">41.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354c wec h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Impairment of intangible assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x315 y354c w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e2 y354c w62 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e3 y354c w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">5.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354d wed h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Impairment of goodwill<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e4 y354d w37 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e5 y354d w5d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">42.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e6 y354d w5e h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">169.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354e wee h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Impairment of disposal group assets held for sale<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e7 y354e w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">2.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e8 y354e w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">18.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e9 y354e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354f wef h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">Loss on sale of property, plant and equipment and intangibles<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ea y354f w56 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">2.9.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4eb y354f w62 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ec y354f w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3550 wf0 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Income from foreign exchange differences<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x3ea y3550 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ed y3550 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">6.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3551 wf1 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Contract fulfilment asset utilisation, impairment and derecognition<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ee y3551 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.1.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ef y3551 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">84.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f0 y3551 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">85.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3552 wf2 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Contract termination gains<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x4f1 y3552 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">6.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f2 y3552 w72 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y3553 ff60 fs5 fc3 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 x27b y3554 wf3 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">fulfilment asset utilisation<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x3e1 y3554 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">9.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f3 y3554 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 wf4 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Onerous contract provisions (net of additions and releases)<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x4f4 y3455 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">7.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f5 y3455 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Onerous contract provisions: <span class=\"fs5 fc3 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=\"_ _2af\"> </span>2.3.2 Fees payable to auditors<span class=\"_ _2af\"> </span>The amounts included in the table below relate to fees payable<span class=\"_ _1\"></span> to KPMG LLP and its associates:<span class=\"_ _2af\"> </span><table class=\"s wf5 h75\" id=\"_2bc829c2-6a13-4b91-9805-59378b34cb17\"><tr><td></td><td class=\"t m0 x2fc h3b y3555 ff5f fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2fd h3a y3556 ff60 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x2ff h3b y3557 ff5f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y3557 ff60 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y3558 ff5f fs5 fc3 sc0 ls57 ws46\">Audit and audit-related services<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x4f6 h38 y3559 ff60 fs5 fc3 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 x4f7 y355a wf6 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">statements<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f8 y355a w26 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f9 y355a w26 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y355b wf7 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">The audit of the financial statements of the Group\u2019s subsidiary compan<span class=\"_ _1\"></span>ies<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f8 y355b w26 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f9 y355b w26 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y355c wf8 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">Total audit and audit-related services<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fa y355c w37 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fb y355c w37 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">6.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y355d ff5f fs5 fc3 sc0 ls57 ws46\">Non-audit services<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x4f7 y355e wf9 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Other assurance services<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fc y355e w37 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fd y355e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y355f wfa h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Audit-related assurance services<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fe y355f w26 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ff y355f w26 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">1.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3560 wfb h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">Total non-audit services<span class=\"_ _2af\"> </span></div></td><td class=\"c n x3ea y3560 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x500 y3560 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">1.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 wfc h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">Total audit and non-audit services<span class=\"_ _2af\"> </span></div></td><td class=\"c n x501 y3455 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">5.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x502 y3455 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">7.7<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>2.4 Adjusted operating profit and adjusted profit before tax<span class=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>The items below <span class=\"_ _1\"></span>are excluded from the <span class=\"_ _1\"></span>adjusted results:<span class=\"_ _2af\"> </span><table class=\"s wfd h76\" id=\"_3112e0cb-d59b-4b9c-9232-2eba2ec32706\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x503 h3b y3561 ff61 fs8 fc3 sc0 ls58 ws47\">(Loss)/<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x504 h3b y3562 ff61 fs8 fc3 sc0 ls58 ws47\">Operating </td><td></td><td class=\"t m0 x4ac h3b y3562 ff61 fs8 fc3 sc0 ls58 ws47\">profit </td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x505 h3b y3563 ff61 fs8 fc3 sc0 ls58 ws47\">(loss)/profit<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 x506 h3b y3563 ff61 fs8 fc3 sc0 ls58 ws47\">before tax<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x4c9 h3b y3564 ff61 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x507 h3a y3565 ff62 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x508 h3b y3564 ff61 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2c3 h3a y3565 ff62 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x509 h3a y3566 ff62 fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4a4 h3b y3566 ff61 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4ca h3a y3566 ff62 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x50a h3b y3566 ff61 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3566 ff62 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3567 wfe h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">Reported<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x50b y3567 w34 h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">(52.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x50c y3567 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">(79.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x50d y3567 w30 h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">(106.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x50e y3567 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">61.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3568 wff h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">Amortisation and impairment of acquired intangibles<span class=\"_ _2af\"> </span></div></td><td class=\"c n x50f y3568 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x510 y3568 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x511 y3568 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x512 y3568 w100 h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x513 y3568 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3569 wed h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">Impairment of goodwill<span class=\"_ _2af\"> </span></div></td><td class=\"c n x514 y3569 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">3.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x515 y3569 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">42.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x516 y3569 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">169.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x517 y3569 w5d h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">42.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x518 y3569 w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">169.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356a w101 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">Net finance expense/(income)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x514 y356a w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">4.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x519 y356a w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x51a y356a w72 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x51b y356a w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">2.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x51c y356a wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">(3.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356b wc6 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">Business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n x51d y356b w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">2.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x51e y356b w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">36.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x51f y356b w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">(16.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x520 y356b w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">38.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x521 y356b wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">(182.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356c wc6 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">Cyber incident<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x522 y356c w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">25.3</div></td><td class=\"t m0 x505 h38 y356d ff62 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _3c\"> </span>\u2014 </td><td class=\"t m0 x523 h39 y356e ff61 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _2f\"> </span>25.3 </td><td class=\"t m0 x524 h38 y356d ff62 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _3c\"> </span>\u2014 </td></tr><tr><td class=\"c n x27b y3560 wc7 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">Cost reduction programme<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x525 y3560 w7a h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">54.<span class=\"_ _2b\"></span>4</div></td><td class=\"t m0 x505 h38 y356f ff62 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _3c\"> </span>\u2014 </td><td class=\"t m0 x523 h39 y3570 ff61 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _2f\"> </span>54.4 </td><td class=\"t m0 x524 h38 y356f ff62 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _3c\"> </span>\u2014 </td></tr><tr><td class=\"c n x27b y3455 w102 h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">Adjusted<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x526 y3455 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">106.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x527 y3455 w5d h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">78.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x528 y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">56.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x529 y3455 w5d h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">49.8<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Refer to note<span class=\"_ gs15\"> </span>2.9.1 for the cash flow impact of the above.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>2.3.1 Items charged/(credited) to reported operating profit<span class=\"_ _2af\"> </span><table class=\"s we6 h74\" id=\"_f3c26cb4-d907-42c1-95e0-bb03f1ff9d8d\"><tr><td></td><td></td><td class=\"t m0 x3c8 h3b y3546 ff5f fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y3547 ff60 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2c4 h3a y3548 ff60 fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3b y3548 ff5f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3548 ff60 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3447 we7 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">Depreciation of property, plant and equipment<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2d0 y3447 w62 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d4 y3447 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">31.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d5 y3447 w3d h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">40.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3448 we8 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Depreciation of right-of-use assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d6 y3448 w62 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d7 y3448 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">48.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d8 y3448 w5d h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">56.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3549 we9 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">Impairment of property, plant and equipment<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d9 y3549 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4da y3549 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">10.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4db y3549 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">4.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354a wea h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Impairment/(reversal of impairment) of right-of-use assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4dc y354a w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4dd y354a w5d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">15.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4de y354a wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">(2.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354b web h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Amortisation of intangible assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4df y354b w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e0 y354b w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">29.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e1 y354b w5d h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">41.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354c wec h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Impairment of intangible assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x315 y354c w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e2 y354c w62 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e3 y354c w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">5.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354d wed h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Impairment of goodwill<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e4 y354d w37 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e5 y354d w5d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">42.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e6 y354d w5e h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">169.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354e wee h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Impairment of disposal group assets held for sale<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e7 y354e w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">2.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e8 y354e w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">18.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e9 y354e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354f wef h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">Loss on sale of property, plant and equipment and intangibles<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ea y354f w56 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">2.9.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4eb y354f w62 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ec y354f w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3550 wf0 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Income from foreign exchange differences<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x3ea y3550 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ed y3550 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">6.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3551 wf1 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Contract fulfilment asset utilisation, impairment and derecognition<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ee y3551 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.1.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ef y3551 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">84.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f0 y3551 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">85.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3552 wf2 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Contract termination gains<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x4f1 y3552 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">6.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f2 y3552 w72 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y3553 ff60 fs5 fc3 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 x27b y3554 wf3 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">fulfilment asset utilisation<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x3e1 y3554 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">9.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f3 y3554 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 wf4 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Onerous contract provisions (net of additions and releases)<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x4f4 y3455 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">7.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f5 y3455 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Onerous contract provisions: <span class=\"fs5 fc3 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=\"_ _2af\"> </span>2.3.2 Fees payable to auditors<span class=\"_ _2af\"> </span>The amounts included in the table below relate to fees payable<span class=\"_ _1\"></span> to KPMG LLP and its associates:<span class=\"_ _2af\"> </span><table class=\"s wf5 h75\" id=\"_2bc829c2-6a13-4b91-9805-59378b34cb17\"><tr><td></td><td class=\"t m0 x2fc h3b y3555 ff5f fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2fd h3a y3556 ff60 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x2ff h3b y3557 ff5f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y3557 ff60 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y3558 ff5f fs5 fc3 sc0 ls57 ws46\">Audit and audit-related services<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x4f6 h38 y3559 ff60 fs5 fc3 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 x4f7 y355a wf6 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">statements<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f8 y355a w26 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f9 y355a w26 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y355b wf7 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">The audit of the financial statements of the Group\u2019s subsidiary compan<span class=\"_ _1\"></span>ies<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f8 y355b w26 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f9 y355b w26 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y355c wf8 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">Total audit and audit-related services<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fa y355c w37 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fb y355c w37 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">6.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y355d ff5f fs5 fc3 sc0 ls57 ws46\">Non-audit services<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x4f7 y355e wf9 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Other assurance services<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fc y355e w37 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fd y355e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y355f wfa h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Audit-related assurance services<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fe y355f w26 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ff y355f w26 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">1.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3560 wfb h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">Total non-audit services<span class=\"_ _2af\"> </span></div></td><td class=\"c n x3ea y3560 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x500 y3560 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">1.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 wfc h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">Total audit and non-audit services<span class=\"_ _2af\"> </span></div></td><td class=\"c n x501 y3455 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">5.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x502 y3455 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">7.7<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>2.4 Adjusted operating profit and adjusted profit before tax<span class=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>The items below <span class=\"_ _1\"></span>are excluded from the <span class=\"_ _1\"></span>adjusted results:<span class=\"_ _2af\"> </span><table class=\"s wfd h76\" id=\"_3112e0cb-d59b-4b9c-9232-2eba2ec32706\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x503 h3b y3561 ff61 fs8 fc3 sc0 ls58 ws47\">(Loss)/<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x504 h3b y3562 ff61 fs8 fc3 sc0 ls58 ws47\">Operating </td><td></td><td class=\"t m0 x4ac h3b y3562 ff61 fs8 fc3 sc0 ls58 ws47\">profit </td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x505 h3b y3563 ff61 fs8 fc3 sc0 ls58 ws47\">(loss)/profit<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 x506 h3b y3563 ff61 fs8 fc3 sc0 ls58 ws47\">before tax<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x4c9 h3b y3564 ff61 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x507 h3a y3565 ff62 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x508 h3b y3564 ff61 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2c3 h3a y3565 ff62 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x509 h3a y3566 ff62 fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4a4 h3b y3566 ff61 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4ca h3a y3566 ff62 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x50a h3b y3566 ff61 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3566 ff62 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3567 wfe h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">Reported<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x50b y3567 w34 h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">(52.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x50c y3567 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">(79.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x50d y3567 w30 h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">(106.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x50e y3567 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">61.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3568 wff h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">Amortisation and impairment of acquired intangibles<span class=\"_ _2af\"> </span></div></td><td class=\"c n x50f y3568 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x510 y3568 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x511 y3568 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x512 y3568 w100 h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x513 y3568 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3569 wed h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">Impairment of goodwill<span class=\"_ _2af\"> </span></div></td><td class=\"c n x514 y3569 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">3.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x515 y3569 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">42.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x516 y3569 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">169.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x517 y3569 w5d h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">42.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x518 y3569 w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">169.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356a w101 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">Net finance expense/(income)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x514 y356a w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">4.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x519 y356a w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x51a y356a w72 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x51b y356a w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">2.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x51c y356a wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">(3.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356b wc6 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">Business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n x51d y356b w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">2.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x51e y356b w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">36.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x51f y356b w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">(16.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x520 y356b w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">38.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x521 y356b wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">(182.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356c wc6 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">Cyber incident<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x522 y356c w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">25.3</div></td><td class=\"t m0 x505 h38 y356d ff62 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _3c\"> </span>\u2014 </td><td class=\"t m0 x523 h39 y356e ff61 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _2f\"> </span>25.3 </td><td class=\"t m0 x524 h38 y356d ff62 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _3c\"> </span>\u2014 </td></tr><tr><td class=\"c n x27b y3560 wc7 h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls9 ws1\">Cost reduction programme<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x525 y3560 w7a h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">54.<span class=\"_ _2b\"></span>4</div></td><td class=\"t m0 x505 h38 y356f ff62 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _3c\"> </span>\u2014 </td><td class=\"t m0 x523 h39 y3570 ff61 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _2f\"> </span>54.4 </td><td class=\"t m0 x524 h38 y356f ff62 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _3c\"> </span>\u2014 </td></tr><tr><td class=\"c n x27b y3455 w102 h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">Adjusted<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x526 y3455 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">106.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x527 y3455 w5d h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">78.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x528 y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff61 fs5 fc3 sc0 ls57 ws46\">56.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x529 y3455 w5d h5e\"><div class=\"t m0 x27a h38 y3453 ff62 fs5 fc3 sc0 ls57 ws46\">49.8<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Refer to note<span class=\"_ gs15\"> </span>2.9.1 for the cash flow impact of the above.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s we6 h74\" id=\"_f3c26cb4-d907-42c1-95e0-bb03f1ff9d8d\"><tr><td></td><td></td><td class=\"t m0 x3c8 h3b y3546 ff5f fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y3547 ff60 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2c4 h3a y3548 ff60 fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3b y3548 ff5f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3548 ff60 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3447 we7 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">Depreciation of property, plant and equipment<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2d0 y3447 w62 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d4 y3447 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">31.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d5 y3447 w3d h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">40.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3448 we8 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Depreciation of right-of-use assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d6 y3448 w62 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d7 y3448 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">48.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d8 y3448 w5d h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">56.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3549 we9 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">Impairment of property, plant and equipment<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d9 y3549 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4da y3549 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">10.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4db y3549 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">4.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354a wea h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Impairment/(reversal of impairment) of right-of-use assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4dc y354a w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4dd y354a w5d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">15.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4de y354a wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">(2.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354b web h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Amortisation of intangible assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4df y354b w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e0 y354b w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">29.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e1 y354b w5d h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">41.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354c wec h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Impairment of intangible assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x315 y354c w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e2 y354c w62 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e3 y354c w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">5.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354d wed h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Impairment of goodwill<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e4 y354d w37 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e5 y354d w5d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">42.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e6 y354d w5e h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">169.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354e wee h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Impairment of disposal group assets held for sale<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e7 y354e w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">2.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e8 y354e w3d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">18.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e9 y354e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y354f wef h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">Loss on sale of property, plant and equipment and intangibles<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ea y354f w56 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">2.9.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4eb y354f w62 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ec y354f w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3550 wf0 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Income from foreign exchange differences<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x3ea y3550 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ed y3550 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">6.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3551 wf1 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Contract fulfilment asset utilisation, impairment and derecognition<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ee y3551 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">3.1.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ef y3551 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">84.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f0 y3551 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">85.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3552 wf2 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Contract termination gains<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x4f1 y3552 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">6.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f2 y3552 w72 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y3553 ff60 fs5 fc3 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 x27b y3554 wf3 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">fulfilment asset utilisation<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x3e1 y3554 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">9.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f3 y3554 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 wf4 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Onerous contract provisions (net of additions and releases)<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x4f4 y3455 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">7.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f5 y3455 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Onerous contract provisions: <span class=\"fs5 fc3 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=\"_ _2af\"> </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=\"_ _2af\"> </span>The amounts included in the table below relate to fees payable<span class=\"_ _1\"></span> to KPMG LLP and its associates:<span class=\"_ _2af\"> </span><table class=\"s wf5 h75\" id=\"_2bc829c2-6a13-4b91-9805-59378b34cb17\"><tr><td></td><td class=\"t m0 x2fc h3b y3555 ff5f fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2fd h3a y3556 ff60 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x2ff h3b y3557 ff5f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y3557 ff60 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y3558 ff5f fs5 fc3 sc0 ls57 ws46\">Audit and audit-related services<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x4f6 h38 y3559 ff60 fs5 fc3 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 x4f7 y355a wf6 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">statements<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f8 y355a w26 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f9 y355a w26 h5c\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y355b wf7 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">The audit of the financial statements of the Group\u2019s subsidiary compan<span class=\"_ _1\"></span>ies<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f8 y355b w26 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f9 y355b w26 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y355c wf8 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">Total audit and audit-related services<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fa y355c w37 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fb y355c w37 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">6.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y355d ff5f fs5 fc3 sc0 ls57 ws46\">Non-audit services<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x4f7 y355e wf9 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Other assurance services<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fc y355e w37 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fd y355e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y355f wfa h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls9 ws1\">Audit-related assurance services<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fe y355f w26 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ff y355f w26 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">1.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3560 wfb h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">Total non-audit services<span class=\"_ _2af\"> </span></div></td><td class=\"c n x3ea y3560 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x500 y3560 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">1.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 wfc h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">Total audit and non-audit services<span class=\"_ _2af\"> </span></div></td><td class=\"c n x501 y3455 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff5f fs5 fc3 sc0 ls57 ws46\">5.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x502 y3455 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff60 fs5 fc3 sc0 ls57 ws46\">7.7<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Deferred tax liabilities are recognised for all taxable temporary difference<span class=\"_ _1\"></span>s:<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>except where the deferred tax liability arises from the<span class=\"_ _1\"></span> initial recognition of goodwill;<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>except where the deferred tax liability arises from the<span class=\"_ _1\"></span> initial 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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Significant accounting judgements and assumptions<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><div class=\"t m0 h39 ff68 fs5 fc1 sc0 ls57 ws46 gs2f2\">2.6.1 Income tax charge<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff69 fs5 fc3 sc0 ls57 ws46 gs2f3\">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 fc3 sc0 ls9 ws1 gs2f4\">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 fc3 sc0 ls57 ws46 gs2f5\">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 fc3 sc0 ls57 ws46 gs2f6\">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 fc3 sc0 ls9 ws1 gs2f7\">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 fc3 sc0 ls9 ws1 gs2f8\">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 fc3 sc0 ls57 ws46 gs2f9\">forward and non-deductible goodwill impairment.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff69 fs5 fc3 sc0 ls9 ws1 gs2fa\">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 fc3 sc0 ls9 ws1 gs2fb\">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 fc3 sc0 ls9 ws1 gs2fc\">an increase for taxable profits in higher tax rate jurisdictions.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff69 fs5 fc3 sc0 ls9 ws1 gs2fd\">The major components of the income tax charge/(credit) are set out be<span class=\"_ _1\"></span>low:<span class=\"_ _2af\"> </span></div><div class=\"gs2fe\"><table class=\"s w112 h7a\" id=\"_6b0d3f11-5a6d-4bb8-8e7d-e81342ae695f\"><tr><td></td><td></td><td class=\"c n x5d3 y359e wdd h78\"><div class=\"t m0 x27a h3a y3517 ff68 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n x5d4 y359e wdd h79\"><div class=\"t m0 x27a h3a y3517 ff69 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x4c9 y359f w12 h48\"><div class=\"t m0 xb2 h3b y27b2 ff68 fs8 fc3 sc0 ls58 ws47\">Not </div></td><td></td><td></td><td class=\"t m0 x5d5 h3a y35a0 ff69 fs8 fc3 sc0 ls58 ws47\">Not </td></tr><tr><td></td><td></td><td class=\"t m0 x5d6 h3b y35a1 ff68 fs8 fc3 sc0 ls58 ws47\">Included in<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4a4 h3b y35a1 ff68 fs8 fc3 sc0 ls58 ws47\">included in<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 x5d7 h3a y35a1 ff69 fs8 fc3 sc0 ls58 ws47\">Included in<span class=\"_ _2af\"> </span></td><td class=\"t m0 x506 h3a y35a1 ff69 fs8 fc3 sc0 ls58 ws47\">included in<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x4a3 h3b y35a2 ff68 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td><td class=\"c x5d8 y359f w12 h48\"><div class=\"t m0 x210 h3b y27b1 ff68 fs8 fc3 sc0 ls58 ws47\">adjusted </div></td><td class=\"c x4c9 y359f w12 h48\"><div class=\"t m0 x210 h3b y27b1 ff68 fs8 fc3 sc0 ls58 ws47\">adjusted </div></td><td class=\"t m0 x5d9 h3a y35a2 ff69 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5da h3a y35a2 ff69 fs8 fc3 sc0 ls58 ws47\">adjusted </td><td class=\"t m0 x5db h3a y35a2 ff69 fs8 fc3 sc0 ls58 ws47\">adjusted </td></tr><tr><td></td><td class=\"t m0 x5dc h3b y35a3 ff68 fs8 fc3 sc0 ls58 ws47\">reported<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5dd h3b y35a3 ff68 fs8 fc3 sc0 ls58 ws47\">profit<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5de h3b y35a3 ff68 fs8 fc3 sc0 ls58 ws47\">profit<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5df h3a y35a3 ff69 fs8 fc3 sc0 ls58 ws47\">reported<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5e0 h3a y35a3 ff69 fs8 fc3 sc0 ls58 ws47\">profit<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4ac h3a y35a3 ff69 fs8 fc3 sc0 ls58 ws47\">profit<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h3b y35a4 ff68 fs8 fc3 sc0 ls58 ws47\">Consolidated income statement<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5e1 h3b y35a4 ff68 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4bd h3b y35a4 ff68 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5e2 h3b y35a4 ff68 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4a5 h3a y35a4 ff69 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5e3 h3a y35a4 ff69 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y35a4 ff69 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y35a5 ff68 fs5 fc3 sc0 ls9 ws1\">Current income tax<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x5e4 y35a6 w113 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">Current income tax charge/(credit)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5e5 y35a6 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">26.2</div></td><td class=\"c n x5e6 y35a6 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">26.4</div></td><td class=\"c n x5e7 y35a6 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls9 ws1\">(0.2)</div></td><td class=\"c n x5e8 y35a6 w5d h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">14.0</div></td><td class=\"c n x5e9 y35a6 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">7.6</div></td><td class=\"c n x5ea y35a6 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">6.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35a7 w114 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">Adjustment in respect of prior years<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5eb y35a7 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">4.0</div></td><td class=\"c n x5ec y35a7 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">4.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5ed y35a7 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x5ee y35a7 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">(1.2)</div></td><td class=\"c n x5ef y35a7 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">(1.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5f0 y35a7 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y35a8 ff68 fs5 fc3 sc0 ls9 ws1\">Deferred tax<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2a6 h38 y35a9 ff69 fs5 fc3 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 x5e4 y35aa w115 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">differences<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5e5 y35aa w3d h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">43.9</div></td><td class=\"c n x5f1 y35aa w62 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">0.8</div></td><td class=\"c n x5f2 y35aa w3d h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">43.1</div></td><td class=\"c n x5f3 y35aa w34 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">(36.7)</div></td><td class=\"c n x5f4 y35aa w34 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">(11.3)</div></td><td class=\"c n x5f5 y35aa w34 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">(25.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x2a6 h38 y35ab ff69 fs5 fc3 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 x5e4 y3467 w116 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">balances<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5f6 y3467 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls9 ws1\">(0.4)</div></td><td class=\"c n x5f7 y3467 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls9 ws1\">(0.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5f8 y3467 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x5f9 y3467 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">3.0</div></td><td class=\"c n x5fa y3467 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">3.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5fb y3467 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y3560 w114 h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls9 ws1\">Adjustment in respect of prior years<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5eb y3560 w62 h64\"><div class=\"t m0 x27a h38 y3453 ff68 fs5 fc3 sc0 ls57 ws46\">0.3</div></td><td class=\"c n x5ec y3560 w62 h64\"><div class=\"t m0 x27a h38 y3453 ff68 fs5 fc3 sc0 ls57 ws46\">0.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5ed y3560 w72 h64\"><div class=\"t m0 x27a h38 y3453 ff68 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x5fc y3560 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls57 ws46\">6.3</div></td><td class=\"c n x5fd y3560 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls57 ws46\">6.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5fe y3560 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w117 h5f\"><div class=\"t m0 x27a h38 y3453 ff68 fs5 fc3 sc0 ls57 ws46\">Total charge/(credit)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x5ff y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff68 fs5 fc3 sc0 ls57 ws46\">74.0</div></td><td class=\"c n x600 y3455 w5d h5f\"><div class=\"t m0 x27a h38 y3453 ff68 fs5 fc3 sc0 ls57 ws46\">31.1</div></td><td class=\"c n x601 y3455 w5d h5f\"><div class=\"t m0 x27a h38 y3453 ff68 fs5 fc3 sc0 ls57 ws46\">42.9</div></td><td class=\"c n x602 y3455 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls57 ws46\">(14.6)</div></td><td class=\"c n x603 y3455 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls57 ws46\">4.4</div></td><td class=\"c n x604 y3455 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls57 ws46\">(19.0)<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h43 ff69 fs1e fc3 sc0 ls9 ws1 gs2ff\">1<span class=\"_ _2af\"> </span></div><div class=\"t m0 h43 ff69 fs1e fc3 sc0 ls9 ws1 gs300\">1<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff69 fs8 fc3 sc0 ls58 ws47 gs301\">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 fc3 sc0 ls58 ws47 gs302\">as business exits during 2023 from adjusted profit. Refer to note 2.8.<span class=\"_ _2af\"> </span></div><div class=\"gs303\"><table class=\"s w78 h7b\" id=\"_6c13d54b-e59b-46d5-8cb3-e58b023a34e7\"><tr><td></td><td class=\"t m0 x605 h3b y35ac ff68 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2c3 h3a y35ac ff69 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td class=\"t m0 x295 h3b y35ad ff68 fs8 fc3 sc0 ls58 ws47\">Consolidated statement of comprehensive income and consolidated statement of changes in equity<span class=\"_ _2af\"> </span></td><td class=\"t m0 x508 h3b y35ad ff68 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y35ad ff69 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y35ae w118 h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls9 ws1\">Deferred tax movement on cash flow hedges<span class=\"_ _2af\"> </span></div></td><td class=\"c n x606 y35ae wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff68 fs5 fc3 sc0 ls9 ws1\">(2.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x607 y35ae w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls57 ws46\">1.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y35af ff69 fs5 fc3 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 x27b y356a w119 h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls57 ws46\">pension schemes<span class=\"_ _2af\"> </span></div></td><td class=\"c n x608 y356a w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff68 fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x609 y356a w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls57 ws46\">5.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b0 w11a h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls9 ws1\">Current income tax movement on defined benefit pension scheme con<span class=\"_ _1\"></span>tributions<span class=\"_ _2af\"> </span></div></td><td class=\"c n x60a y35b0 wa0 h5f\"><div class=\"t m0 x27a h38 y3453 ff68 fs5 fc3 sc0 ls57 ws46\">(19.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x60b y35b0 wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls9 ws1\">(7.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b1 w11b h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls9 ws1\">Deferred tax movement in relation to share-based payments<span class=\"_ _2af\"> </span></div></td><td class=\"c n x60c y35b1 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff68 fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x60d y35b1 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b2 w11c h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls9 ws1\">Current income tax deduction on the exercise of share options<span class=\"_ _2af\"> </span></div></td><td class=\"c n x60e y35b2 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff68 fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x60f y35b2 w72 h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w11d h5f\"><div class=\"t m0 x27a h38 y3453 ff68 fs5 fc3 sc0 ls57 ws46\">Total credit<span class=\"_ _2af\"> </span></div></td><td class=\"c n x610 y3455 w34 h5f\"><div class=\"t m0 x27a h38 y3453 ff68 fs5 fc3 sc0 ls57 ws46\">(18.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4de y3455 wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls9 ws1\">(0.4)<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ff69 fs5 fc3 sc0 ls9 ws1 gs305\">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 fc3 sc0 ls57 ws46 gs306\">weighted average corporation<span class=\"ls9 ws1\"> tax rate is as follows:<span class=\"_ _2af\"> </span></span></div><div class=\"gs307\"><table class=\"s w11e h7c\" id=\"_8ce4b185-8b5e-445c-acdb-5004d228117f\"><tr><td></td><td></td><td></td><td class=\"c n x611 y35b4 w11f h78\"><div class=\"t m0 x27a h3b y35b3 ff68 fs8 fc3 sc0 ls58 ws47\">Total tax<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x612 y35b4 w2b h78\"><div class=\"t m0 x27a h3b y35b3 ff68 fs8 fc3 sc0 ls58 ws47\">Current tax<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m0 x613 h3b y35b5 ff68 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x614 h3a y35b5 ff69 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x615 h3b y35b5 ff68 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2fd h3a y35b5 ff69 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x616 h3b y35b6 ff68 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x617 h3a y35b6 ff69 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x49a h3b y35b6 ff68 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y35b6 ff69 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y35b7 w120 h5c\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">(Loss)/profit before tax<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x618 y35b7 w30 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">(106.6)</div></td><td class=\"c n x619 y35b7 w3f h5c\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">61.4</div></td><td class=\"c n x61a y35b7 wb6 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">(<span class=\"_ _2b\"></span>106.6)</div></td><td class=\"c n x61b y35b7 w3d h5c\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">61.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y35b8 ff69 fs5 fc3 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 x27b y35b9 w121 h5c\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 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=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x61c y35b9 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">(25.1)</div></td><td class=\"c n x61d y35b9 w3f h5c\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">11.7</div></td><td class=\"c n x61e y35b9 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">(25.1)</div></td><td class=\"c n x61f y35b9 w3d h5c\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">11.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y35ba ff69 fs5 fc3 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 x27b y35bb w122 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">years<span class=\"_ _2af\"> </span></div></td><td class=\"c n x620 y35bb w123 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">a</div></td><td class=\"c n x621 y35bb w26 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">4.0</div></td><td class=\"c n x622 y35bb w43 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">(1.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x623 y35bb w37 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">4.0</div></td><td class=\"c n x624 y35bb w43 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">(1.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35bc w124 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">Adjustments in respect of deferred tax of prior years<span class=\"_ _2af\"> </span></div></td><td class=\"c n x625 y35bc w125 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">b</div></td><td class=\"c n x315 y35bc w37 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">0.3</div></td><td class=\"c n x626 y35bc w37 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">6.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x627 y35bc w36 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x628 y35bc w8c h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y35bd ff69 fs5 fc3 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 x27b y35be w48 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">adjusted<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x629 y35be w26 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">0.2</div></td><td class=\"c n x62a y35be w3a h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">(2.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x62b y35be w26 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">0.2</div></td><td class=\"c n x62c y35be w43 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">(2.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35bf w126 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">Non-deductible expenses \u2013 business exit<span class=\"_ _2af\"> </span></div></td><td class=\"c n x62d y35bf w127 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">c*</div></td><td class=\"c n x62e y35bf w26 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">4.9</div></td><td class=\"c n x62f y35bf w26 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x630 y35bf w26 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">4.9</div></td><td class=\"c n x631 y35bf w26 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35c0 w128 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">Non-deductible expenses \u2013 specific items<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x632 y35c0 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x633 y35c0 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x634 y35c0 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x635 y35c0 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35c1 w129 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">Loss/(profit) on disposal of businesses<span class=\"_ _2af\"> </span></div></td><td class=\"c n x636 y35c1 w12a h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">d*</div></td><td class=\"c n x637 y35c1 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">0.6</div></td><td class=\"c n x638 y35c1 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">(31.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x639 y35c1 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">0.6</div></td><td class=\"c n x63a y35c1 wbc h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">(31.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35c2 w12b h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">Non-deductible goodwill impairment<span class=\"_ _2af\"> </span></div></td><td class=\"c n x63b y35c2 w12c h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">e*</div></td><td class=\"c n x63c y35c2 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">9.9</div></td><td class=\"c n x63d y35c2 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">32.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x63e y35c2 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">9.9</div></td><td class=\"c n x63f y35c2 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">32.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35c3 w12d h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">Difference in rate recognition of temporary differences<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x640 y35c3 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls9 ws1\">(0.4)</div></td><td class=\"c n x641 y35c3 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">3.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x642 y35c3 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x643 y35c3 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35c4 w12e h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">Tax provided on unremitted earnings<span class=\"_ _2af\"> </span></div></td><td class=\"c n x644 y35c4 w12f h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">f</div></td><td class=\"c n x645 y35c4 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">0.2</div></td><td class=\"c n x646 y35c4 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">1.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x647 y35c4 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x648 y35c4 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y35c5 ff69 fs5 fc3 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 x27b y35c6 w130 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">jurisdictions<span class=\"_ _2af\"> </span></div></td><td class=\"c n x649 y35c6 w123 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">g</div></td><td class=\"c n x64a y35c6 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls9 ws1\">(4.3)</div></td><td class=\"c n x64b y35c6 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x64c y35c6 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls9 ws1\">(2.9)</div></td><td class=\"c n x500 y35c6 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y35c7 ff69 fs5 fc3 sc0 ls9 ws1\">Movement in unrecognised temporary differences<span class=\"_ _2af\"> </span></td><td class=\"c x64d y35c8 w13 h49\"><div class=\"t m0 x21a h38 y27e1 ff69 fs5 fc3 sc0 ls57 ws46\">note </div><div class=\"t m0 x21b h38 y27e2 ff69 fs5 fc3 sc0 ls57 ws46\">2.6.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x64e y35c9 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">82.0</div></td><td class=\"c n x64f y35c9 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">(36.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x650 y35c9 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x651 y35c9 w8c h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35ca w131 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">Fixed asset temporary differences<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x652 y35ca w36 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x653 y35ca w8c h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x654 y35ca w26 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">5.7</div></td><td class=\"c n x655 y35ca w26 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">6.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35cb w132 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">Current tax impact on other temporary differences<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x652 y35cb w36 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x653 y35cb w8c h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x656 y35cb w43 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls9 ws1\">(0.4)</div></td><td class=\"c n x657 y35cb w43 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">(6.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35cc w133 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">Carry forward of losses in current period<span class=\"_ _2af\"> </span></div></td><td class=\"c n x620 y35cc w123 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">h<span class=\"_ _2af\"> </span></div></td><td class=\"c n x658 y35cc w36 h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x659 y35cc w36 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x65a y35cc w3d h5b\"><div class=\"t m0 x27a h38 y343e ff68 fs5 fc3 sc0 ls57 ws46\">31.6</div></td><td class=\"c n x30a y35cc w37 h5d\"><div class=\"t m0 x27a h38 y343e ff69 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y35cd ff69 fs5 fc3 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 x301 h38 y35ce ff69 fs5 fc3 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 x27b y35cf w134 h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls9 ws1\">(<span class=\"ls57 ws46\"></span><span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">20.8%</span>)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x65b y35cf w135 h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls9 ws1\">i</div></td><td class=\"c n x65c y35cf w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff68 fs5 fc3 sc0 ls57 ws46\">74.0</div></td><td class=\"c n x638 y35cf w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls57 ws46\">(14.6)</div></td><td class=\"c n x65d y35cf w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff68 fs5 fc3 sc0 ls57 ws46\">30.2</div></td><td class=\"c n x65e y35cf w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls57 ws46\">12.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y35d0 ff68 fs5 fc3 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 x27b y3455 w136 h5f\"><div class=\"t m0 x27a h38 y3453 ff68 fs5 fc3 sc0 ls57 ws46\">statement<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x65f y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff68 fs5 fc3 sc0 ls57 ws46\">74.0</div></td><td class=\"c n x660 y3455 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls57 ws46\">(14.6)</div></td><td class=\"c n x661 y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff68 fs5 fc3 sc0 ls57 ws46\">30.2</div></td><td class=\"c n x61b y3455 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff69 fs5 fc3 sc0 ls57 ws46\">12.8<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h3a ff69 fs8 fc3 sc0 ls9 ws1 gs308\">*<span class=\"_ _16\"> </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 fc3 sc0 ls58 ws47 gs309\">details are given below.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff69 fs8 fc3 sc0 ls9 ws1 gs30a\">a<span class=\"_ _1fa\"> </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 fc3 sc0 ls58 ws47 gs30b\">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 fc3 sc0 ls58 ws47 gs30c\">which there is no opposite deferred tax credit in relation to the temporary difference true-up because these are unrecognised.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff69 fs8 fc3 sc0 ls9 ws1 gs30d\">b<span class=\"_ _1fa\"> </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 fc3 sc0 ls58 ws47 gs30e\">income tax of prior years.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff69 fs8 fc3 sc0 ls9 ws1 gs30f\">c*<span class=\"_ _23\"> </span><span class=\"ls58 ws47\">Business<span class=\"_ _2b\"></span> exit: relates to non-deductible closure costs associated with the sale of entities. Refer to note<span class=\"_ gs23c\"> </span>2.8 for further details.<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h3a ff69 fs8 fc3 sc0 ls58 ws47 gs310\">d*<span class=\"_ _23\"> </span>Relates to the application of the tax exemption on accounting losses from the sale of entities. Refer to note<span class=\"_ gs23c\"> </span>2.8.1 for further details.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff69 fs8 fc3 sc0 ls58 ws47 gs311\">e*<span class=\"_ _23\"> </span>Relates to the<span class=\"ls9 ws1\"> </span>goodwill impairments as detailed further in note<span class=\"_ gs23c\"> </span>3.4.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff69 fs8 fc3 sc0 ls9 ws1 gs312\">f<span class=\"_ _32\"> </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=\"_ _2af\"> </span></span></div><div class=\"t m0 h3a ff69 fs8 fc3 sc0 ls9 ws1 gs313\">g<span class=\"_ _1fa\"> </span><span class=\"ls58 ws47\">Mainly relates to tax payable at lower rates, eg in the Isle of Man.<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h3a ff69 fs8 fc3 sc0 ls9 ws1 gs314\">h<span class=\"_ _1fa\"> </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 fc3 sc0 ls58 ws47 gs315\">and cyber incident) and deductible pension contributions in the period.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff69 fs8 fc3 sc0 ls9 ws1 gs316\">i<span class=\"_ _32\"> </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 fc3 sc0 ls58 ws47 gs317\">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 fc3 sc0 ls58 ws47 gs318\">forward. The impact of differing overseas tax rates is covered in footnote g.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff6a fs5 fc1 sc0 ls57 ws46 gs31a\">2.6.2 <span class=\"ls9 ws1\">Deferred tax<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff6b fs5 fc3 sc0 ls9 ws1 gs31b\">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 fc3 sc0 ls9 ws1 gs31c\">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 fc3 sc0 ls57 ws46 gs31d\">to 31<span class=\"_ gs15\"> </span>December 2023, and the prior period, have been calculated based on this rate.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6b fs5 fc3 sc0 ls9 ws1 gs31e\">Deferred tax relates to the following:<span class=\"_ _2af\"> </span></div><div class=\"gs31f\"><table class=\"s w137 h7d\" id=\"_b040e34d-b24e-414e-9ff5-9655d9b6c33c\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x662 h3b y35d1 ff6a fs8 fc3 sc0 ls58 ws47\">Credited/(charged) to<span class=\"_ _2af\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x663 h3b y35d2 ff6a fs8 fc3 sc0 ls58 ws47\">OCI and<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x664 h3a y35d3 ff6b fs8 fc3 sc0 ls58 ws47\">At </td><td class=\"t m0 x5dd h3b y35d3 ff6a fs8 fc3 sc0 ls58 ws47\">Income<span class=\"_ _2af\"> </span></td><td class=\"t m0 x665 h3b y35d3 ff6a fs8 fc3 sc0 ls58 ws47\">changes in<span class=\"_ _2af\"> </span></td><td class=\"t m0 x666 h3b y35d3 ff6a fs8 fc3 sc0 ls58 ws47\">Other </td><td class=\"t m0 x667 h3b y35d3 ff6a fs8 fc3 sc0 ls58 ws47\">At </td></tr><tr><td></td><td class=\"t m0 x668 h3a y35d4 ff6b fs8 fc3 sc0 ls58 ws47\">1<span class=\"_ gs23c\"> </span>January </td><td class=\"t m0 x669 h3b y35d4 ff6a fs8 fc3 sc0 ls58 ws47\">statement<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66a h3b y35d4 ff6a fs8 fc3 sc0 ls58 ws47\">equity<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66b h3b y35d4 ff6a fs8 fc3 sc0 ls58 ws47\">movements<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66c h3b y35d4 ff6a fs8 fc3 sc0 ls58 ws47\">31<span class=\"_ gs23c\"> </span>December </td></tr><tr><td></td><td class=\"t m0 x4b9 h3a y35d5 ff6b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66d h3b y35d5 ff6a fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66e h3b y35d5 ff6a fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x508 h3b y35d5 ff6a fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3b y35d5 ff6a fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y35d6 ff6a fs5 fc3 sc0 ls57 ws46\">Deferred tax assets<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x5e4 y35d7 w138 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">Fixed assets which qualify for tax relief<span class=\"_ _2af\"> </span></div></td><td class=\"c n x66f y35d7 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">90.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x670 y35d7 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(1.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x671 y35d7 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x672 y35d7 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(2.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x673 y35d7 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">87.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x2a6 h38 y35d8 ff6b fs5 fc3 sc0 ls9 ws1\">Provisions and other temporary </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x5e4 y35d9 w115 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">differences<span class=\"_ _2af\"> </span></div></td><td class=\"c n x674 y35d9 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">10.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x675 y35d9 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(1.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x676 y35d9 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">2.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x677 y35d9 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x678 y35d9 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">11.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35da w139 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">Pension schemes<span class=\"_ _2af\"> </span></div></td><td class=\"c n x679 y35da w62 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">5.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67a y35da wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67b y35da wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(3.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67c y35da wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67d y35da w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">1.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35db w13a h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">Share-based payments<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67e y35db w62 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">1.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67f y35db w37 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x680 y35db w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x681 y35db w72 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x682 y35db w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">1.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x2a6 h38 y35dc ff6b fs5 fc3 sc0 ls9 ws1\">Tax losses<span class=\"_ _2af\"> </span></td><td class=\"c n x683 y3549 w5d h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">81.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x684 y3549 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">(42.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x685 y3549 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x686 y3549 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(2.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x687 y3549 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">36.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x688 y35dd w5e h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">189.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x689 y35dd w34 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">(45.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x68a y35dd w43 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x68b y35dd wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(5.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x68c y35dd w5e h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">138.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35de w13b h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">Jurisdictional netting<span class=\"_ _2af\"> </span></div></td><td class=\"c n x68d y35de wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">(0.4)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x68e y35de w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">1.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35df w13c h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">Net deferred tax assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x68f y35df w5e h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">189.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x690 y35df w34 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">(45.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x691 y35df wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x692 y35df wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(5.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x693 y35df w3b h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">140.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y35e0 ff6a fs5 fc3 sc0 ls9 ws1\">Deferred tax liabilities<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x5e4 y35e1 w13d h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">Acquired intangibles<span class=\"_ _2af\"> </span></div></td><td class=\"c n x694 y35e1 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x695 y35e1 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x696 y35e1 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x697 y35e1 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x698 y35e1 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35e2 w64 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">Contract fulfilment assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x699 y35e2 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">(2.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69a y35e2 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">2.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69b y35e2 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69c y35e2 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69d y35e2 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35e3 w13d h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">Unremitted earnings<span class=\"_ _2af\"> </span></div></td><td class=\"c n x694 y35e3 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">(4.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69e y35e3 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69f y35e3 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a0 y35e3 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a1 y35e3 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(5.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x6a2 y35e4 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls9 ws1\">(7.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a3 y35e4 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls57 ws46\">1.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x685 y35e4 w72 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a4 y35e4 w72 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a5 y35e4 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">(5.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35e5 w13b h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls9 ws1\">Jurisdictional netting<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a6 y35e5 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls57 ws46\">0.4<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x6a7 y35e5 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">(1.8)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35e6 w64 h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls9 ws1\">Net deferred tax liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n x699 y35e6 wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls9 ws1\">(6.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69a y35e6 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls57 ws46\">1.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69b y35e6 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69c y35e6 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69d y35e6 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">(7.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w13e h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">Net deferred tax<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a8 y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls57 ws46\">182.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a9 y3455 wa0 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls57 ws46\">(43.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6aa y3455 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6ab y3455 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">(5.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2f3 y3455 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls57 ws46\">133.1<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h4a ff6a fs1e fc3 sc0 ls5c ws4b gs320\">2 </div><div class=\"t m0 h3e ff6b fs1c fc3 sc0 ls9 ws1 gs321\">1<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff6b fs8 fc3 sc0 ls58 ws47 gs322\">1.<span class=\"_ _9\"> </span>Mainly trading losses available to shelter future profits and deferred interest.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff6b fs8 fc3 sc0 ls58 ws47 gs323\">2.<span class=\"_ _9\"> </span>Other movements includes business disposals.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6b fs5 fc3 sc0 ls9 ws1 gs325\">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 fc3 sc0 ls9 ws1 gs326\">in the accounting estimate of deferred tax.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6b fs5 fc3 sc0 ls9 ws1 gs327\">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 fc3 sc0 ls9 ws1 gs328\">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 fc3 sc0 ls9 ws1 gs329\">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 fc3 sc0 ls57 ws46 gs32a\">concluded that the corporation tax rate should apply to the recognition of deferred t<span class=\"_ _2b\"></span>ax on the pension </div><div class=\"t m0 h38 ff6b fs5 fc3 sc0 ls9 ws1 gs32b\">scheme surplus, reflecting the Group\u2019s intention regarding the mann<span class=\"_ _1\"></span>er of recovery of the asset.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6b fs5 fc3 sc0 ls9 ws1 gs32c\">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 fc3 sc0 ls9 ws1 gs32d\">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 fc3 sc0 ls9 ws1 gs32e\">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 fc3 sc0 ls9 ws1 gs32f\">profits available to offset the assets when they reverse.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6b fs5 fc3 sc0 ls57 ws46 gs330\">The recognition of deferred tax assets at 31<span class=\"_ gs15\"> </span>December 2023 has been based on the forecast account<span class=\"_ _2b\"></span>ing </div><div class=\"t m0 h38 ff6b fs5 fc3 sc0 ls9 ws1 gs331\">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 fc3 sc0 ls9 ws1 gs332\">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 fc3 sc0 ls9 ws1 gs333\">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 fc3 sc0 ls9 ws1 gs334\">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 fc3 sc0 ls9 ws1 gs335\">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 fc3 sc0 ls9 ws1 gs336\">probable for the purpose of assessing deferred tax asset recogn<span class=\"_ _1\"></span>ition.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6b fs5 fc3 sc0 ls9 ws1 gs337\">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 fc3 sc0 ls9 ws1 gs338\">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 fc3 sc0 ls9 ws1 gs339\">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 fc3 sc0 ls9 ws1 gs33a\">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 fc3 sc0 ls9 ws1 gs33b\">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 fc3 sc0 ls9 ws1 gs33c\">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 fc3 sc0 ls9 ws1 gs33d\">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 fc3 sc0 ls9 ws1 gs33e\">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 fc3 sc0 ls9 ws1 gs33f\">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 fc3 sc0 ls9 ws1 gs340\">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 fc3 sc0 ls9 ws1 gs341\">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 fc3 sc0 ls9 ws1 gs26c\">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 fc3 sc0 ls9 ws1 gs26d\">subsidiaries, reflected in the tax arising on business exits (see Note <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2.8).<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff6b fs5 fc3 sc0 ls9 ws1 gs342\">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 fc3 sc0 ls57 ws46 gs343\">that underlie them. Management have considered the severe but plausible downsides appli<span class=\"_ _2b\"></span>ed to the base-<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6b fs5 fc3 sc0 ls9 ws1 gs270\">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 fc3 sc0 ls9 ws1 gs271\">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 fc3 sc0 ls9 ws1 gs272\">assets of approximately <span class=\"ls57 ws46\">\u00a316m</span>.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc3 sc0 ls9 ws1 gs345\">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 fc3 sc0 ls9 ws1 gs346\">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 fc3 sc0 ls9 ws1 gs347\">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 fc3 sc0 ls9 ws1 gs348\">between UK and non-UK jurisdictions.<span class=\"_ _2af\"> </span></div><div class=\"gs349\"><table class=\"s w13f h7e\" id=\"_3cdfb72c-2ebc-4b02-a5bd-edbb1e60369b\"><tr><td></td><td class=\"t m0 x3c8 h3b y35e7 ff6c fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y35e7 ff6d fs8 fc3 sc0 ls58 ws47\">2022</td></tr><tr><td></td><td class=\"t m0 x6ac h3b y35e8 ff6c fs8 fc3 sc0 ls58 ws47\"> \u00a3m </td><td class=\"t m0 x5d5 h3a y35e8 ff6d fs8 fc3 sc0 ls58 ws47\"> \u00a3m </td></tr><tr><td></td><td class=\"t m0 x6ad h3b y35e9 ff6c fs8 fc3 sc0 ls58 ws47\">Gross Amount<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6ae h3a y35e9 ff6d fs8 fc3 sc0 ls58 ws47\">Gross Amount<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y35ea ff6c fs5 fc3 sc0 ls9 ws1\">UK:<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x27b y35eb w140 h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls9 ws1\">Tax losses<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2ce y35eb w3b h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">628.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6af y35eb w6b h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">332.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y34bc w141 h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls9 ws1\">Other temporary timing differences<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2e5 y34bc w5e h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">140.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b0 y34bc w5e h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">113.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x2e8 y35ec w5e h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">768.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2e9 y35ec w5e h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">446.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y35ed ff6c fs5 fc3 sc0 ls9 ws1\">Non-UK:<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x27b y35ee w140 h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls9 ws1\">Tax losses<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b1 y35ee w142 h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">67.<span class=\"_ _2b\"></span>4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b2 y35ee w5d h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">60.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3512 w141 h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls9 ws1\">Other temporary timing differences<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2c8 y3512 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">11.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2dc y3512 w5d h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">11.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x6b3 y3513 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">78.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b4 y3513 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">72.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 we1 h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">Total<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b5 y3455 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">847.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b6 y3455 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">519.0<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ff6d fs5 fc3 sc0 ls9 ws1 gs34a\">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 fc3 sc0 ls9 ws1 gs34b\">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 fc3 sc0 ls9 ws1 gs34c\">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 fc3 sc0 ls57 ws46 gs34d\">and pension contributions.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc3 sc0 ls9 ws1 gs34e\">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 fc3 sc0 ls9 ws1 gs34f\">\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 fc3 sc0 ls9 ws1 gs350\">Group\u2019s trading performance.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc3 sc0 ls9 ws1 gs351\">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 fc3 sc0 ls9 ws1 gs352\">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 fc3 sc0 ls9 ws1 gs353\">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 fc3 sc0 ls9 ws1 gs354\">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 fc3 sc0 ls9 ws1 gs355\">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 fc3 sc0 ls9 ws1 gs356\">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 fc3 sc0 ls9 ws1 gs357\">reduction in the closing deferred tax liability.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff6c fs5 fc1 sc0 ls57 ws46 gs359\">2.6.3 Uncertain tax </div><div class=\"t m0 h39 ff6c fs5 fc1 sc0 ls57 ws46 gs35a\">positions<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc3 sc0 ls9 ws1 gs35b\">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 fc3 sc0 ls9 ws1 gs35c\">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 fc3 sc0 ls9 ws1 gs35d\">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 fc3 sc0 ls9 ws1 gs35e\">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 fc3 sc0 ls9 ws1 gs35f\">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 fc3 sc0 ls9 ws1 gs360\">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 fc3 sc0 ls9 ws1 gs361\">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 fc3 sc0 ls9 ws1 gs362\">judgement in quantifying uncertainties over income tax treatments in a<span class=\"_ _1\"></span>ccordance with this criteria.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc3 sc0 ls9 ws1 gs363\">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 fc3 sc0 ls9 ws1 gs364\">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 fc3 sc0 ls9 ws1 gs365\">(<span class=\"ls57 ws46\">2022</span>: \u00a31.2m release).<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc3 sc0 ls9 ws1 gs366\">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 fc3 sc0 ls9 ws1 gs367\">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 fc3 sc0 ls9 ws1 gs368\">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 fc3 sc0 ls9 ws1 gs369\">material impact on the Group\u2019s financial position in the next financial yea<span class=\"_ _1\"></span>r.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff6c fs5 fc1 sc0 ls9 ws1 gs36a\">2.6.4 Global minimum tax<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc3 sc0 ls9 ws1 gs36b\">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 fc3 sc0 ls9 ws1 gs36c\">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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc3 sc0 ls57 ws46 gs36d\">The Group has applied the mandatory exception to recognising and disclosing informati<span class=\"_ _2b\"></span>on about deferred </div><div class=\"t m0 h38 ff6d fs5 fc3 sc0 ls9 ws1 gs36e\">tax assets and liabilities related to Pillar Two income taxes.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc3 sc0 ls9 ws1 gs36f\">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 fc3 sc0 ls57 ws46 gs370\">model rules for the accounting period ending on 31<span class=\"_ gs15\"> </span>December 2024. Based on the analysis deriv<span class=\"_ _2b\"></span>ed from </div><div class=\"t m0 h38 ff6d fs5 fc3 sc0 ls9 ws1 gs371\">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 fc3 sc0 ls9 ws1 gs372\">in Poland and Switzerland.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc3 sc0 ls9 ws1 gs373\">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 fc3 sc0 ls9 ws1 gs374\">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 fc3 sc0 ls9 ws1 gs375\">impact on the Group tax liability.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff6c fs5 fc1 sc0 ls57 ws46 gs376\">2.6.5 Capita\u2019s responsible approach to taxation<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc3 sc0 ls9 ws1 gs377\">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 fc3 sc0 ls9 ws1 gs378\">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 fc3 sc0 ls9 ws1 gs379\">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 fc3 sc0 ls9 ws1 gs37a\">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 fc3 sc0 ls9 ws1 gs37b\">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 fc3 sc0 ls9 ws1 gs37c\">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 fc3 sc0 ls9 ws1 gs37d\">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 fc3 sc0 ls9 ws1 gs37e\">Capita's tax strategy can be found on the Policies &amp; Principles area of the<span class=\"_ _1\"></span> Capita website (https://<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc3 sc0 ls9 ws1 gs37f\">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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Deferred tax liabilities are recognised for all taxable temporary difference<span class=\"_ _1\"></span>s:<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>except where the deferred tax liability arises from the<span class=\"_ _1\"></span> initial recognition of goodwill;<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>except where the deferred tax liability arises from the<span class=\"_ _1\"></span> initial 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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Deferred tax liabilities are recognised for all taxable temporary difference<span class=\"_ _1\"></span>s:<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>except where the deferred tax liability arises from the<span class=\"_ _1\"></span> initial recognition of goodwill;<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>except where the deferred tax liability arises from the<span class=\"_ _1\"></span> initial 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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Deferred tax relates to the following:<span class=\"_ _2af\"> </span><table class=\"s w137 h7d\" id=\"_b040e34d-b24e-414e-9ff5-9655d9b6c33c\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x662 h3b y35d1 ff6a fs8 fc3 sc0 ls58 ws47\">Credited/(charged) to<span class=\"_ _2af\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x663 h3b y35d2 ff6a fs8 fc3 sc0 ls58 ws47\">OCI and<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x664 h3a y35d3 ff6b fs8 fc3 sc0 ls58 ws47\">At </td><td class=\"t m0 x5dd h3b y35d3 ff6a fs8 fc3 sc0 ls58 ws47\">Income<span class=\"_ _2af\"> </span></td><td class=\"t m0 x665 h3b y35d3 ff6a fs8 fc3 sc0 ls58 ws47\">changes in<span class=\"_ _2af\"> </span></td><td class=\"t m0 x666 h3b y35d3 ff6a fs8 fc3 sc0 ls58 ws47\">Other </td><td class=\"t m0 x667 h3b y35d3 ff6a fs8 fc3 sc0 ls58 ws47\">At </td></tr><tr><td></td><td class=\"t m0 x668 h3a y35d4 ff6b fs8 fc3 sc0 ls58 ws47\">1<span class=\"_ gs23c\"> </span>January </td><td class=\"t m0 x669 h3b y35d4 ff6a fs8 fc3 sc0 ls58 ws47\">statement<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66a h3b y35d4 ff6a fs8 fc3 sc0 ls58 ws47\">equity<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66b h3b y35d4 ff6a fs8 fc3 sc0 ls58 ws47\">movements<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66c h3b y35d4 ff6a fs8 fc3 sc0 ls58 ws47\">31<span class=\"_ gs23c\"> </span>December </td></tr><tr><td></td><td class=\"t m0 x4b9 h3a y35d5 ff6b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66d h3b y35d5 ff6a fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66e h3b y35d5 ff6a fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x508 h3b y35d5 ff6a fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3b y35d5 ff6a fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y35d6 ff6a fs5 fc3 sc0 ls57 ws46\">Deferred tax assets<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x5e4 y35d7 w138 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">Fixed assets which qualify for tax relief<span class=\"_ _2af\"> </span></div></td><td class=\"c n x66f y35d7 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">90.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x670 y35d7 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(1.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x671 y35d7 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x672 y35d7 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(2.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x673 y35d7 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">87.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x2a6 h38 y35d8 ff6b fs5 fc3 sc0 ls9 ws1\">Provisions and other temporary </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x5e4 y35d9 w115 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">differences<span class=\"_ _2af\"> </span></div></td><td class=\"c n x674 y35d9 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">10.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x675 y35d9 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(1.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x676 y35d9 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">2.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x677 y35d9 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x678 y35d9 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">11.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35da w139 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">Pension schemes<span class=\"_ _2af\"> </span></div></td><td class=\"c n x679 y35da w62 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">5.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67a y35da wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67b y35da wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(3.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67c y35da wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67d y35da w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">1.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35db w13a h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">Share-based payments<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67e y35db w62 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">1.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67f y35db w37 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x680 y35db w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x681 y35db w72 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x682 y35db w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">1.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x2a6 h38 y35dc ff6b fs5 fc3 sc0 ls9 ws1\">Tax losses<span class=\"_ _2af\"> </span></td><td class=\"c n x683 y3549 w5d h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">81.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x684 y3549 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">(42.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x685 y3549 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x686 y3549 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(2.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x687 y3549 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">36.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x688 y35dd w5e h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">189.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x689 y35dd w34 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">(45.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x68a y35dd w43 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x68b y35dd wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(5.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x68c y35dd w5e h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">138.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35de w13b h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">Jurisdictional netting<span class=\"_ _2af\"> </span></div></td><td class=\"c n x68d y35de wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">(0.4)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x68e y35de w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">1.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35df w13c h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">Net deferred tax assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x68f y35df w5e h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">189.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x690 y35df w34 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">(45.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x691 y35df wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x692 y35df wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(5.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x693 y35df w3b h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">140.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y35e0 ff6a fs5 fc3 sc0 ls9 ws1\">Deferred tax liabilities<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x5e4 y35e1 w13d h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">Acquired intangibles<span class=\"_ _2af\"> </span></div></td><td class=\"c n x694 y35e1 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x695 y35e1 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x696 y35e1 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x697 y35e1 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x698 y35e1 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35e2 w64 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">Contract fulfilment assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x699 y35e2 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">(2.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69a y35e2 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">2.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69b y35e2 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69c y35e2 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69d y35e2 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35e3 w13d h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">Unremitted earnings<span class=\"_ _2af\"> </span></div></td><td class=\"c n x694 y35e3 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">(4.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69e y35e3 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69f y35e3 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a0 y35e3 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a1 y35e3 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(5.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x6a2 y35e4 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls9 ws1\">(7.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a3 y35e4 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls57 ws46\">1.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x685 y35e4 w72 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a4 y35e4 w72 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a5 y35e4 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">(5.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35e5 w13b h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls9 ws1\">Jurisdictional netting<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a6 y35e5 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls57 ws46\">0.4<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x6a7 y35e5 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">(1.8)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35e6 w64 h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls9 ws1\">Net deferred tax liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n x699 y35e6 wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls9 ws1\">(6.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69a y35e6 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls57 ws46\">1.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69b y35e6 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69c y35e6 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69d y35e6 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">(7.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w13e h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">Net deferred tax<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a8 y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls57 ws46\">182.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a9 y3455 wa0 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls57 ws46\">(43.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6aa y3455 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6ab y3455 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">(5.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2f3 y3455 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls57 ws46\">133.1<span class=\"_ _2af\"> </span></div></td></tr></table>2 1<span class=\"_ _2af\"> </span>1.<span class=\"_ _9\"> </span>Mainly trading losses available to shelter future profits and deferred interest.<span class=\"_ _2af\"> </span>2.<span class=\"_ _9\"> </span>Other movements includes business disposals.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </span>The recognition of deferred tax assets at 31<span class=\"_ gs15\"> </span>December 2023 has been based on the forecast account<span class=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></span>ed to the base-<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w13f h7e\" id=\"_3cdfb72c-2ebc-4b02-a5bd-edbb1e60369b\"><tr><td></td><td class=\"t m0 x3c8 h3b y35e7 ff6c fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y35e7 ff6d fs8 fc3 sc0 ls58 ws47\">2022</td></tr><tr><td></td><td class=\"t m0 x6ac h3b y35e8 ff6c fs8 fc3 sc0 ls58 ws47\"> \u00a3m </td><td class=\"t m0 x5d5 h3a y35e8 ff6d fs8 fc3 sc0 ls58 ws47\"> \u00a3m </td></tr><tr><td></td><td class=\"t m0 x6ad h3b y35e9 ff6c fs8 fc3 sc0 ls58 ws47\">Gross Amount<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6ae h3a y35e9 ff6d fs8 fc3 sc0 ls58 ws47\">Gross Amount<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y35ea ff6c fs5 fc3 sc0 ls9 ws1\">UK:<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x27b y35eb w140 h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls9 ws1\">Tax losses<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2ce y35eb w3b h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">628.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6af y35eb w6b h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">332.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y34bc w141 h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls9 ws1\">Other temporary timing differences<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2e5 y34bc w5e h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">140.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b0 y34bc w5e h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">113.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x2e8 y35ec w5e h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">768.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2e9 y35ec w5e h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">446.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y35ed ff6c fs5 fc3 sc0 ls9 ws1\">Non-UK:<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x27b y35ee w140 h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls9 ws1\">Tax losses<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b1 y35ee w142 h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">67.<span class=\"_ _2b\"></span>4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b2 y35ee w5d h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">60.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3512 w141 h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls9 ws1\">Other temporary timing differences<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2c8 y3512 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">11.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2dc y3512 w5d h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">11.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x6b3 y3513 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">78.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b4 y3513 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">72.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 we1 h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">Total<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b5 y3455 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">847.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b6 y3455 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">519.0<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Deferred tax relates to the following:<span class=\"_ _2af\"> </span><table class=\"s w137 h7d\" id=\"_b040e34d-b24e-414e-9ff5-9655d9b6c33c\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x662 h3b y35d1 ff6a fs8 fc3 sc0 ls58 ws47\">Credited/(charged) to<span class=\"_ _2af\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x663 h3b y35d2 ff6a fs8 fc3 sc0 ls58 ws47\">OCI and<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x664 h3a y35d3 ff6b fs8 fc3 sc0 ls58 ws47\">At </td><td class=\"t m0 x5dd h3b y35d3 ff6a fs8 fc3 sc0 ls58 ws47\">Income<span class=\"_ _2af\"> </span></td><td class=\"t m0 x665 h3b y35d3 ff6a fs8 fc3 sc0 ls58 ws47\">changes in<span class=\"_ _2af\"> </span></td><td class=\"t m0 x666 h3b y35d3 ff6a fs8 fc3 sc0 ls58 ws47\">Other </td><td class=\"t m0 x667 h3b y35d3 ff6a fs8 fc3 sc0 ls58 ws47\">At </td></tr><tr><td></td><td class=\"t m0 x668 h3a y35d4 ff6b fs8 fc3 sc0 ls58 ws47\">1<span class=\"_ gs23c\"> </span>January </td><td class=\"t m0 x669 h3b y35d4 ff6a fs8 fc3 sc0 ls58 ws47\">statement<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66a h3b y35d4 ff6a fs8 fc3 sc0 ls58 ws47\">equity<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66b h3b y35d4 ff6a fs8 fc3 sc0 ls58 ws47\">movements<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66c h3b y35d4 ff6a fs8 fc3 sc0 ls58 ws47\">31<span class=\"_ gs23c\"> </span>December </td></tr><tr><td></td><td class=\"t m0 x4b9 h3a y35d5 ff6b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66d h3b y35d5 ff6a fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66e h3b y35d5 ff6a fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x508 h3b y35d5 ff6a fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3b y35d5 ff6a fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y35d6 ff6a fs5 fc3 sc0 ls57 ws46\">Deferred tax assets<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x5e4 y35d7 w138 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">Fixed assets which qualify for tax relief<span class=\"_ _2af\"> </span></div></td><td class=\"c n x66f y35d7 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">90.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x670 y35d7 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(1.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x671 y35d7 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x672 y35d7 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(2.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x673 y35d7 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">87.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x2a6 h38 y35d8 ff6b fs5 fc3 sc0 ls9 ws1\">Provisions and other temporary </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x5e4 y35d9 w115 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">differences<span class=\"_ _2af\"> </span></div></td><td class=\"c n x674 y35d9 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">10.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x675 y35d9 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(1.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x676 y35d9 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">2.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x677 y35d9 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x678 y35d9 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">11.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35da w139 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">Pension schemes<span class=\"_ _2af\"> </span></div></td><td class=\"c n x679 y35da w62 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">5.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67a y35da wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67b y35da wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(3.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67c y35da wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67d y35da w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">1.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35db w13a h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">Share-based payments<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67e y35db w62 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">1.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67f y35db w37 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x680 y35db w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x681 y35db w72 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x682 y35db w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">1.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x2a6 h38 y35dc ff6b fs5 fc3 sc0 ls9 ws1\">Tax losses<span class=\"_ _2af\"> </span></td><td class=\"c n x683 y3549 w5d h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">81.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x684 y3549 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">(42.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x685 y3549 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x686 y3549 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(2.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x687 y3549 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">36.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x688 y35dd w5e h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">189.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x689 y35dd w34 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">(45.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x68a y35dd w43 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x68b y35dd wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(5.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x68c y35dd w5e h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">138.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35de w13b h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">Jurisdictional netting<span class=\"_ _2af\"> </span></div></td><td class=\"c n x68d y35de wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">(0.4)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x68e y35de w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">1.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35df w13c h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">Net deferred tax assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x68f y35df w5e h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">189.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x690 y35df w34 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">(45.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x691 y35df wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x692 y35df wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(5.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x693 y35df w3b h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">140.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y35e0 ff6a fs5 fc3 sc0 ls9 ws1\">Deferred tax liabilities<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x5e4 y35e1 w13d h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">Acquired intangibles<span class=\"_ _2af\"> </span></div></td><td class=\"c n x694 y35e1 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x695 y35e1 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x696 y35e1 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x697 y35e1 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x698 y35e1 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35e2 w64 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">Contract fulfilment assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x699 y35e2 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">(2.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69a y35e2 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">2.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69b y35e2 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69c y35e2 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69d y35e2 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35e3 w13d h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">Unremitted earnings<span class=\"_ _2af\"> </span></div></td><td class=\"c n x694 y35e3 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">(4.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69e y35e3 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69f y35e3 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a0 y35e3 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a1 y35e3 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(5.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x6a2 y35e4 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls9 ws1\">(7.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a3 y35e4 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls57 ws46\">1.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x685 y35e4 w72 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a4 y35e4 w72 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a5 y35e4 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">(5.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35e5 w13b h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls9 ws1\">Jurisdictional netting<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a6 y35e5 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls57 ws46\">0.4<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x6a7 y35e5 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">(1.8)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35e6 w64 h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls9 ws1\">Net deferred tax liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n x699 y35e6 wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls9 ws1\">(6.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69a y35e6 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls57 ws46\">1.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69b y35e6 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69c y35e6 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69d y35e6 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">(7.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w13e h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">Net deferred tax<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a8 y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls57 ws46\">182.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a9 y3455 wa0 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls57 ws46\">(43.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6aa y3455 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6ab y3455 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">(5.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2f3 y3455 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls57 ws46\">133.1<span class=\"_ _2af\"> </span></div></td></tr></table>2 1<span class=\"_ _2af\"> </span>1.<span class=\"_ _9\"> </span>Mainly trading losses available to shelter future profits and deferred interest.<span class=\"_ _2af\"> </span>2.<span class=\"_ _9\"> </span>Other movements includes business disposals.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </span>The recognition of deferred tax assets at 31<span class=\"_ gs15\"> </span>December 2023 has been based on the forecast account<span class=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></span>ed to the base-<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w13f h7e\" id=\"_3cdfb72c-2ebc-4b02-a5bd-edbb1e60369b\"><tr><td></td><td class=\"t m0 x3c8 h3b y35e7 ff6c fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y35e7 ff6d fs8 fc3 sc0 ls58 ws47\">2022</td></tr><tr><td></td><td class=\"t m0 x6ac h3b y35e8 ff6c fs8 fc3 sc0 ls58 ws47\"> \u00a3m </td><td class=\"t m0 x5d5 h3a y35e8 ff6d fs8 fc3 sc0 ls58 ws47\"> \u00a3m </td></tr><tr><td></td><td class=\"t m0 x6ad h3b y35e9 ff6c fs8 fc3 sc0 ls58 ws47\">Gross Amount<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6ae h3a y35e9 ff6d fs8 fc3 sc0 ls58 ws47\">Gross Amount<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y35ea ff6c fs5 fc3 sc0 ls9 ws1\">UK:<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x27b y35eb w140 h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls9 ws1\">Tax losses<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2ce y35eb w3b h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">628.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6af y35eb w6b h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">332.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y34bc w141 h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls9 ws1\">Other temporary timing differences<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2e5 y34bc w5e h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">140.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b0 y34bc w5e h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">113.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x2e8 y35ec w5e h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">768.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2e9 y35ec w5e h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">446.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y35ed ff6c fs5 fc3 sc0 ls9 ws1\">Non-UK:<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x27b y35ee w140 h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls9 ws1\">Tax losses<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b1 y35ee w142 h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">67.<span class=\"_ _2b\"></span>4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b2 y35ee w5d h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">60.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3512 w141 h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls9 ws1\">Other temporary timing differences<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2c8 y3512 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">11.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2dc y3512 w5d h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">11.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x6b3 y3513 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">78.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b4 y3513 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">72.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 we1 h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">Total<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b5 y3455 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">847.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b6 y3455 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">519.0<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Deferred tax relates to the following:<span class=\"_ _2af\"> </span><table class=\"s w137 h7d\" id=\"_b040e34d-b24e-414e-9ff5-9655d9b6c33c\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x662 h3b y35d1 ff6a fs8 fc3 sc0 ls58 ws47\">Credited/(charged) to<span class=\"_ _2af\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x663 h3b y35d2 ff6a fs8 fc3 sc0 ls58 ws47\">OCI and<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x664 h3a y35d3 ff6b fs8 fc3 sc0 ls58 ws47\">At </td><td class=\"t m0 x5dd h3b y35d3 ff6a fs8 fc3 sc0 ls58 ws47\">Income<span class=\"_ _2af\"> </span></td><td class=\"t m0 x665 h3b y35d3 ff6a fs8 fc3 sc0 ls58 ws47\">changes in<span class=\"_ _2af\"> </span></td><td class=\"t m0 x666 h3b y35d3 ff6a fs8 fc3 sc0 ls58 ws47\">Other </td><td class=\"t m0 x667 h3b y35d3 ff6a fs8 fc3 sc0 ls58 ws47\">At </td></tr><tr><td></td><td class=\"t m0 x668 h3a y35d4 ff6b fs8 fc3 sc0 ls58 ws47\">1<span class=\"_ gs23c\"> </span>January </td><td class=\"t m0 x669 h3b y35d4 ff6a fs8 fc3 sc0 ls58 ws47\">statement<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66a h3b y35d4 ff6a fs8 fc3 sc0 ls58 ws47\">equity<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66b h3b y35d4 ff6a fs8 fc3 sc0 ls58 ws47\">movements<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66c h3b y35d4 ff6a fs8 fc3 sc0 ls58 ws47\">31<span class=\"_ gs23c\"> </span>December </td></tr><tr><td></td><td class=\"t m0 x4b9 h3a y35d5 ff6b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66d h3b y35d5 ff6a fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66e h3b y35d5 ff6a fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x508 h3b y35d5 ff6a fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3b y35d5 ff6a fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y35d6 ff6a fs5 fc3 sc0 ls57 ws46\">Deferred tax assets<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x5e4 y35d7 w138 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">Fixed assets which qualify for tax relief<span class=\"_ _2af\"> </span></div></td><td class=\"c n x66f y35d7 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">90.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x670 y35d7 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(1.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x671 y35d7 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x672 y35d7 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(2.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x673 y35d7 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">87.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x2a6 h38 y35d8 ff6b fs5 fc3 sc0 ls9 ws1\">Provisions and other temporary </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x5e4 y35d9 w115 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">differences<span class=\"_ _2af\"> </span></div></td><td class=\"c n x674 y35d9 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">10.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x675 y35d9 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(1.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x676 y35d9 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">2.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x677 y35d9 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x678 y35d9 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">11.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35da w139 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">Pension schemes<span class=\"_ _2af\"> </span></div></td><td class=\"c n x679 y35da w62 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">5.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67a y35da wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67b y35da wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(3.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67c y35da wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67d y35da w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">1.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35db w13a h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">Share-based payments<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67e y35db w62 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">1.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x67f y35db w37 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x680 y35db w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x681 y35db w72 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x682 y35db w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">1.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x2a6 h38 y35dc ff6b fs5 fc3 sc0 ls9 ws1\">Tax losses<span class=\"_ _2af\"> </span></td><td class=\"c n x683 y3549 w5d h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">81.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x684 y3549 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">(42.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x685 y3549 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x686 y3549 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(2.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x687 y3549 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">36.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x688 y35dd w5e h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">189.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x689 y35dd w34 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">(45.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x68a y35dd w43 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x68b y35dd wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(5.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x68c y35dd w5e h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">138.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35de w13b h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">Jurisdictional netting<span class=\"_ _2af\"> </span></div></td><td class=\"c n x68d y35de wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">(0.4)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x68e y35de w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">1.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35df w13c h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">Net deferred tax assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x68f y35df w5e h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">189.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x690 y35df w34 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">(45.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x691 y35df wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x692 y35df wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(5.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x693 y35df w3b h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">140.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y35e0 ff6a fs5 fc3 sc0 ls9 ws1\">Deferred tax liabilities<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x5e4 y35e1 w13d h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">Acquired intangibles<span class=\"_ _2af\"> </span></div></td><td class=\"c n x694 y35e1 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x695 y35e1 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x696 y35e1 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x697 y35e1 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x698 y35e1 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35e2 w64 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">Contract fulfilment assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x699 y35e2 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">(2.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69a y35e2 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls57 ws46\">2.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69b y35e2 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69c y35e2 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69d y35e2 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35e3 w13d h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls57 ws46\">Unremitted earnings<span class=\"_ _2af\"> </span></div></td><td class=\"c n x694 y35e3 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff6b fs5 fc3 sc0 ls9 ws1\">(4.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69e y35e3 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69f y35e3 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a0 y35e3 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a1 y35e3 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff6a fs5 fc3 sc0 ls9 ws1\">(5.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x6a2 y35e4 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls9 ws1\">(7.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a3 y35e4 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls57 ws46\">1.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x685 y35e4 w72 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a4 y35e4 w72 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a5 y35e4 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">(5.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35e5 w13b h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls9 ws1\">Jurisdictional netting<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a6 y35e5 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls57 ws46\">0.4<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x6a7 y35e5 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">(1.8)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x5e4 y35e6 w64 h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls9 ws1\">Net deferred tax liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n x699 y35e6 wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls9 ws1\">(6.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69a y35e6 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls57 ws46\">1.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69b y35e6 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69c y35e6 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x69d y35e6 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">(7.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w13e h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">Net deferred tax<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a8 y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff6b fs5 fc3 sc0 ls57 ws46\">182.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6a9 y3455 wa0 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls57 ws46\">(43.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6aa y3455 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6ab y3455 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls9 ws1\">(5.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2f3 y3455 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff6a fs5 fc3 sc0 ls57 ws46\">133.1<span class=\"_ _2af\"> </span></div></td></tr></table>2 1<span class=\"_ _2af\"> </span>1.<span class=\"_ _9\"> </span>Mainly trading losses available to shelter future profits and deferred interest.<span class=\"_ _2af\"> </span>2.<span class=\"_ _9\"> </span>Other movements includes business disposals.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </span>The recognition of deferred tax assets at 31<span class=\"_ gs15\"> </span>December 2023 has been based on the forecast account<span class=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></span>ed to the base-<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w13f h7e\" id=\"_3cdfb72c-2ebc-4b02-a5bd-edbb1e60369b\"><tr><td></td><td class=\"t m0 x3c8 h3b y35e7 ff6c fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y35e7 ff6d fs8 fc3 sc0 ls58 ws47\">2022</td></tr><tr><td></td><td class=\"t m0 x6ac h3b y35e8 ff6c fs8 fc3 sc0 ls58 ws47\"> \u00a3m </td><td class=\"t m0 x5d5 h3a y35e8 ff6d fs8 fc3 sc0 ls58 ws47\"> \u00a3m </td></tr><tr><td></td><td class=\"t m0 x6ad h3b y35e9 ff6c fs8 fc3 sc0 ls58 ws47\">Gross Amount<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6ae h3a y35e9 ff6d fs8 fc3 sc0 ls58 ws47\">Gross Amount<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y35ea ff6c fs5 fc3 sc0 ls9 ws1\">UK:<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x27b y35eb w140 h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls9 ws1\">Tax losses<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2ce y35eb w3b h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">628.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6af y35eb w6b h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">332.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y34bc w141 h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls9 ws1\">Other temporary timing differences<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2e5 y34bc w5e h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">140.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b0 y34bc w5e h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">113.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x2e8 y35ec w5e h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">768.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2e9 y35ec w5e h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">446.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y35ed ff6c fs5 fc3 sc0 ls9 ws1\">Non-UK:<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x27b y35ee w140 h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls9 ws1\">Tax losses<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b1 y35ee w142 h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">67.<span class=\"_ _2b\"></span>4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b2 y35ee w5d h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">60.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3512 w141 h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls9 ws1\">Other temporary timing differences<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2c8 y3512 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">11.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2dc y3512 w5d h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">11.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x6b3 y3513 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">78.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b4 y3513 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">72.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 we1 h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">Total<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b5 y3455 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff6c fs5 fc3 sc0 ls57 ws46\">847.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b6 y3455 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff6d fs5 fc3 sc0 ls57 ws46\">519.0<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>3.1.1 Trade and other receivables<span class=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w5b h8f\" id=\"_49bff0a3-ffc1-4e71-81c8-6e655690c934\"><tr><td></td><td></td><td class=\"c n x95f y36ac w1af h6f\"><div class=\"t m0 x27a h3b y3608 ff80 fs8 fc3 sc0 ls58 ws47\">Current<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x960 y36ac w1b0 h6f\"><div class=\"t m0 x27a h3b y3608 ff80 fs8 fc3 sc0 ls58 ws47\">Non-current<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x762 h3b y36ad ff80 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7e9 h3a y36ae ff81 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 x3c8 h3b y36ad ff80 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y36ae ff81 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x773 h3b y36af ff80 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5de h3a y36af ff81 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3b y36af ff80 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y36af ff81 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3568 w1b1 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">Trade receivables<span class=\"_ _2af\"> </span></div></td><td class=\"c n x961 y3568 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">126.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x962 y3568 w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">149.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x963 y3568 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x964 y3568 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y36b0 ff81 fs5 fc3 sc0 ls9 ws1\">Other receivables<span class=\"_ _2af\"> </span></td><td class=\"c n x965 y3569 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">15.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x966 y3569 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">23.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x967 y3569 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">4.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x968 y3569 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">5.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356a w17d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">Other taxes and social security<span class=\"_ _2af\"> </span></div></td><td class=\"c n x969 y356a w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96a y356a w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">9.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96b y356a w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96c y356a w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y36b1 ff81 fs5 fc3 sc0 ls9 ws1\">Current contract fulfilment assets<span class=\"_ _2af\"> </span></td><td class=\"c n x965 y35b0 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">13.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x966 y35b0 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">10.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96d y35b0 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96e y35b0 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b1 w65 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">Accrued income<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96f y35b1 w3b h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">138.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x970 y35b1 w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">179.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x971 y35b1 w72 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x972 y35b1 w72 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b2 w17a h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">Prepayments<span class=\"_ _2af\"> </span></div></td><td class=\"c n x973 y35b2 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">54.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x974 y35b2 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">58.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x975 y35b2 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">7.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7b8 y35b2 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">10.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x976 y3455 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">350.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x977 y3455 w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">430.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x978 y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">12.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x979 y3455 w5d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">15.8<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span>2<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>2.<span class=\"_ _9\"> </span>Refer to note 3.1.3 for non-current contract fulfilment assets.<span class=\"_ _2af\"> </span>Trade receivables are non-interest bearing and generally on 30-day terms.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Movements in the loss allowance made against receivables were as follows:<span class=\"_ _2af\"> </span><table class=\"s w1b2 h90\" id=\"_02a8164f-7add-48c1-a23d-f00b8e090b8a\"><tr><td></td><td class=\"t m0 x2fc h3b y36b2 ff80 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2fd h3a y36b3 ff81 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2ff h3b y36b4 ff80 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y36b4 ff81 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y36b5 w1b3 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e8 y36b5 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">29.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97a y36b5 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">19.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3569 w1b4 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">Utilised<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97b y3569 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls9 ws1\">(1.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97c y3569 w3a h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">(4.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356a w1b5 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">Provided in the year<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97d y356a w26 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">4.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x61b y356a w3d h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">15.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356b w1b6 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">Released in the year<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97e y356b w34 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">(25.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97f y356b w36 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356c w1b7 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">Business disposal<span class=\"_ _2af\"> </span></div></td><td class=\"c n x980 y356c w3a h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls9 ws1\">(1.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x981 y356c w3a h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">(1.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y36b6 ff81 fs5 fc3 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2af\"> </span></td><td class=\"c n x982 y35b2 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls9 ws1\">(1.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x983 y35b2 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w173 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n x984 y3455 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">5.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x985 y3455 w3f h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">29.7<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span>1.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs23c\"> </span>December 2023 represent amounts transferred at 30<span class=\"_ gs23c\"> </span>June 2023 and subsequently sold during the second half of the year.<span class=\"_ _2af\"> </span><table class=\"s w1b8 h91\" id=\"_79e52447-3173-4fef-b00e-0b4010a488b8\"><tr><td></td><td class=\"t m0 x2fc h3b y36b7 ff80 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2fd h3a y36b8 ff81 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h3a y36b9 ff81 fs8 fc3 sc0 ls58 ws47\">Ageing of trade receivables<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2ff h3b y36b9 ff80 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y36b9 ff81 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y36ba w1b9 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">Not due<span class=\"_ _2af\"> </span></div></td><td class=\"c n x986 y36ba w3d h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">79.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x743 y36ba w3b h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">118.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36bb w1ba h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">Overdue by less than three months<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6cf y36bb w3d h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">19.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x987 y36bb w3f h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">26.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36bc w1bb h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">Overdue between three and six months<span class=\"_ _2af\"> </span></div></td><td class=\"c n x988 y36bc w1bc h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">4.<span class=\"_ _2b\"></span>9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x989 y36bc w26 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">6.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36bd w1bd h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">Overdue between six and twelve months<span class=\"_ _2af\"> </span></div></td><td class=\"c n x74f y36bd w37 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98a y36bd w37 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">9.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y36be ff81 fs5 fc3 sc0 ls9 ws1\">Overdue more than twelve months<span class=\"_ _2af\"> </span></td><td class=\"c n x98b y36bf w3f h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">23.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98c y36bf w3d h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">18.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y36c0 ff81 fs5 fc3 sc0 ls9 ws1\">Allowance for doubtful debts<span class=\"_ _2af\"> </span></td><td class=\"c n x982 y346a w43 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls9 ws1\">(5.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98d y346a w34 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">(29.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x30c y3455 w3b h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">126.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x30d y3455 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">149.9<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span>1<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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 t<span class=\"_ _2af\"> </span>o credit loss remains low.<span class=\"_ _2af\"> </span>Non-recourse trade receivable financing<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </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=\"_ _2b\"></span> outstanding during the year.<span class=\"_ _2af\"> </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=\"_ _2b\"></span>ssued on the conversion of all the dilutive potential ordinary shares into ordin<span class=\"_ _1\"></span>ary shares.<span class=\"_ _2af\"> </span><table class=\"s w143 h7f\" id=\"_6a538aa6-d5ea-4f4b-9bb7-cee3a47a8320\"><tr><td></td><td></td><td class=\"c n x6b7 y35ef wdd h78\"><div class=\"t m0 x27a h3a y3517 ff6e fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b8 y35ef wdd h79\"><div class=\"t m0 x27a h3a y3517 ff6f fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x6b9 y35f0 w144 h78\"><div class=\"t m0 x27a h3a y3517 ff6e fs8 fc3 sc0 ls58 ws47\">pence<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6ba y35f0 w145 h79\"><div class=\"t m0 x27a h3a y3517 ff6f fs8 fc3 sc0 ls58 ws47\">pence<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y35f1 ff6f fs5 fc3 sc0 ls9 ws1\">Basic earnings/(loss) per share<span class=\"_ _2af\"> </span></td><td class=\"c n x6bb y35f2 w146 h5d\"><div class=\"t m0 x27a h38 y343e ff6f fs5 fc3 sc0 ls57 ws46\">\u2013 reported<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6bc y35f2 wc1 h5b\"><div class=\"t m0 x27a h38 y343e ff6e fs5 fc3 sc0 ls57 ws46\">(10.60)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6bd y35f2 w5d h5d\"><div class=\"t m0 x27a h38 y343e ff6f fs5 fc3 sc0 ls57 ws46\">4.47<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x6bb y3512 w147 h5d\"><div class=\"t m0 x27a h38 y343e ff6f fs5 fc3 sc0 ls57 ws46\">\u2013 adjusted<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6be y3512 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff6e fs5 fc3 sc0 ls57 ws46\">1.70<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6bf y3512 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff6f fs5 fc3 sc0 ls57 ws46\">2.64<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y35f3 ff6f fs5 fc3 sc0 ls9 ws1\">Diluted earnings/(loss) per share<span class=\"_ _2af\"> </span></td><td class=\"c n x6bb y3513 w146 h5d\"><div class=\"t m0 x27a h38 y343e ff6f fs5 fc3 sc0 ls57 ws46\">\u2013 reported<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6bc y3513 wc1 h5b\"><div class=\"t m0 x27a h38 y343e ff6e fs5 fc3 sc0 ls57 ws46\">(10.60)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6bd y3513 w5d h5d\"><div class=\"t m0 x27a h38 y343e ff6f fs5 fc3 sc0 ls57 ws46\">4.40<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x6bb y3455 w147 h5d\"><div class=\"t m0 x27a h38 y343e ff6f fs5 fc3 sc0 ls57 ws46\">\u2013 adjusted<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6be y3455 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff6e fs5 fc3 sc0 ls57 ws46\">1.70<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6bf y3455 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff6f fs5 fc3 sc0 ls57 ws46\">2.60<span class=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w148 h80\" id=\"_053930bd-e922-4097-8b95-642025192085\"><tr><td></td><td></td><td class=\"c n x6b7 y35f4 wdd h78\"><div class=\"t m0 x27a h3a y3517 ff6e fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b8 y35f4 wdd h79\"><div class=\"t m0 x27a h3a y3517 ff6f fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x6c0 y35f5 w149 h78\"><div class=\"t m0 x27a h3a y3517 ff6e fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6c1 y35f5 w14a h79\"><div class=\"t m0 x27a h3a y3517 ff6f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3461 w14b h5d\"><div class=\"t m0 x27a h38 y343e ff6f fs5 fc3 sc0 ls9 ws1\">Reported (loss)/profit before tax for the period<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x6c2 y3461 wc1 h5b\"><div class=\"t m0 x27a h38 y343e ff6e fs5 fc3 sc0 ls57 ws46\">(106.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6c3 y3461 w5d h5d\"><div class=\"t m0 x27a h38 y343e ff6f fs5 fc3 sc0 ls57 ws46\">61.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y35f6 ff6f fs5 fc3 sc0 ls9 ws1\">Income tax (charge)/credit<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6c4 h38 y35f7 ff6f fs5 fc3 sc0 ls57 ws46\">2.6.1<span class=\"_ _2af\"> </span></td><td class=\"c n x6c5 y35f8 wa0 h5b\"><div class=\"t m0 x27a h38 y343e ff6e fs5 fc3 sc0 ls57 ws46\">(74.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6c6 y35f8 w5d h5d\"><div class=\"t m0 x27a h38 y343e ff6f fs5 fc3 sc0 ls57 ws46\">14.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35f9 w14c h5d\"><div class=\"t m0 x27a h38 y343e ff6f fs5 fc3 sc0 ls9 ws1\">Reported (loss)/profit for the period<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x6c7 y35f9 wc1 h5b\"><div class=\"t m0 x27a h38 y343e ff6e fs5 fc3 sc0 ls57 ws46\">(180.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x3d2 y35f9 w5d h5d\"><div class=\"t m0 x27a h38 y343e ff6f fs5 fc3 sc0 ls57 ws46\">76.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35fa w14d h5e\"><div class=\"t m0 x27a h38 y3453 ff6f fs5 fc3 sc0 ls9 ws1\">Less: Non-controlling interest<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x6c8 y35fa w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff6e fs5 fc3 sc0 ls57 ws46\">2.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6c9 y35fa wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ff6f fs5 fc3 sc0 ls9 ws1\">(1.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35fb w14e h5e\"><div class=\"t m0 x27a h38 y3453 ff6f fs5 fc3 sc0 ls9 ws1\">Total (loss)/profit attributable to shareholders<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x6ca y35fb wc1 h5f\"><div class=\"t m0 x27a h38 y3453 ff6e fs5 fc3 sc0 ls57 ws46\">(178.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6cb y35fb w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff6f fs5 fc3 sc0 ls57 ws46\">74.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c x27b y35fd w14f h81\"><div class=\"t m0 x27a h38 y3453 ff6f fs5 fc3 sc0 ls9 ws1\">Adjusted profit before tax</div><div class=\"t m0 x6cc h3e y35fc ff6f fs1c fc3 sc0 ls9 ws1\">1<span class=\"_ _2af\"> </span></div><div class=\"t m0 x6cd h38 y3453 ff6f fs5 fc3 sc0 ls9 ws1\">for the period<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 x665 h38 y35fe ff6f fs5 fc3 sc0 ls57 ws46\">2.4<span class=\"_ _2af\"> </span></td><td class=\"c n x6b3 y35fd w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff6e fs5 fc3 sc0 ls57 ws46\">56.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b4 y35fd w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff6f fs5 fc3 sc0 ls57 ws46\">49.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y35ff ff6f fs5 fc3 sc0 ls9 ws1\">Income tax (charge)/credit<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6c4 h38 y3600 ff6f fs5 fc3 sc0 ls57 ws46\">2.6.1<span class=\"_ _2af\"> </span></td><td class=\"c n x6c5 y35f2 wa0 h5f\"><div class=\"t m0 x27a h38 y3453 ff6e fs5 fc3 sc0 ls57 ws46\">(31.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6ce y35f2 wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ff6f fs5 fc3 sc0 ls9 ws1\">(4.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3512 w150 h5e\"><div class=\"t m0 x27a h38 y3453 ff6f fs5 fc3 sc0 ls9 ws1\">Adjusted profit for the period<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x6cf y3512 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff6e fs5 fc3 sc0 ls57 ws46\">25.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x448 y3512 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff6f fs5 fc3 sc0 ls57 ws46\">45.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3513 w14d h5e\"><div class=\"t m0 x27a h38 y3453 ff6f fs5 fc3 sc0 ls9 ws1\">Less: Non-controlling interest<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x6c8 y3513 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff6e fs5 fc3 sc0 ls57 ws46\">3.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6c9 y3513 wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ff6f fs5 fc3 sc0 ls9 ws1\">(1.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w151 h5e\"><div class=\"t m0 x27a h38 y3453 ff6f fs5 fc3 sc0 ls9 ws1\">Adjusted profit attributable to shareholders<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x6d0 y3455 w5d h5f\"><div class=\"t m0 x27a h38 y3453 ff6e fs5 fc3 sc0 ls57 ws46\">28.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6d1 y3455 w5d h5e\"><div class=\"t m0 x27a h38 y3453 ff6f fs5 fc3 sc0 ls57 ws46\">44.2<span class=\"_ _2af\"> </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=\"_ _2af\"> </span><div class=\"gs23b\"><table class=\"s wf5 h82\" id=\"_fca71783-fb18-442c-a810-2badb21f1c93\"><tr><td></td><td class=\"t m0 x2fc h3b y3601 ff6e fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2fd h3a y3602 ff6f fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x6d2 h3b y3603 ff6e fs8 fc3 sc0 ls9 ws1\">m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6d3 h3a y3603 ff6f fs8 fc3 sc0 ls9 ws1\">m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h38 y3604 ff6f fs5 fc3 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 x27b y35aa w152 h5c\"><div class=\"t m0 x27a h38 y343e ff6f fs5 fc3 sc0 ls9 ws1\">Trust shares) for basic earnings per share<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6d4 y35aa w28 h5b\"><div class=\"t m0 x27a h38 y343e ff6e fs5 fc3 sc0 ls57 ws46\">1,680.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6d5 y35aa w27 h5c\"><div class=\"t m0 x27a h38 y343e ff6f fs5 fc3 sc0 ls57 ws46\">1,671.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y3605 ff6f fs5 fc3 sc0 ls9 ws1\">Dilutive potential ordinary shares:<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x6d6 y3606 w153 h5c\"><div class=\"t m0 x27a h38 y343e ff6f fs5 fc3 sc0 ls57 ws46\">Employee share options<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6d7 y3606 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff6e fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6d8 y3606 w3d h5c\"><div class=\"t m0 x27a h38 y343e ff6f fs5 fc3 sc0 ls57 ws46\">30.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y3607 ff6f fs5 fc3 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 x27b y3455 w154 h5d\"><div class=\"t m0 x27a h38 y343e ff6f fs5 fc3 sc0 ls9 ws1\">Trust shares) adjusted for the effect of dilution<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6d9 y3455 w27 h5b\"><div class=\"t m0 x27a h38 y343e ff6e fs5 fc3 sc0 ls57 ws46\">1,680.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6da y3455 w27 h5d\"><div class=\"t m0 x27a h38 y343e ff6f fs5 fc3 sc0 ls57 ws46\">1,701.7<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ff6f fs5 fc3 sc0 ls9 ws1 gs389\">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 fc3 sc0 ls9 ws1 gs38a\">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 fc3 sc0 ls57 ws46 gs38b\">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 fc3 sc0 ls9 ws1 gs38c\">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 fc3 sc0 ls57 ws46 gs38d\">operations.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6f fs5 fc3 sc0 ls57 ws46 gs38e\">The earnings per share figures are calculated based on earnings attributable to ordinary equi<span class=\"_ _2b\"></span>ty holders of </div><div class=\"t m0 h38 ff6f fs5 fc3 sc0 ls9 ws1 gs38f\">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 fc3 sc0 ls9 ws1 gs390\">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 fc3 sc0 ls9 ws1 gs391\">reconciling items between total reported and adjusted basic earn<span class=\"_ _1\"></span>ings per share.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff6f fs5 fc3 sc0 ls57 ws46 gs392\">There have been no other transactions involving ordinary shares or potential ordinar<span class=\"_ _2b\"></span>y shares between the </div><div class=\"t m0 h38 ff6f fs5 fc3 sc0 ls57 ws46 gs393\">balance sheet date and the date on which these consolidated financial statements were author<span class=\"_ _2b\"></span>ised for </div><div class=\"t m0 h38 ff6f fs5 fc3 sc0 ls9 ws1 gs394\">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=\"_ _2af\"> </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=\"_ _2b\"></span> outstanding during the year.<span class=\"_ _2af\"> </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=\"_ _2b\"></span>ssued on the conversion of all the dilutive potential ordinary shares into ordin<span class=\"_ _1\"></span>ary shares.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </span>Business exits<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Assets held for sale<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></span>e deemed to have </span>met this threshold.<span class=\"_ _2af\"> </span>2023 business exits<span class=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w155 h83\" id=\"_4f68880d-ba3b-4a2b-b91e-e28e5ef87569\"><tr><td class=\"c n x27b y3609 w156 h6f\"><div class=\"t m0 x27a h3b y3608 ff71 fs8 fc3 sc0 ls58 ws47\">Business<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6db y3609 w157 h6f\"><div class=\"t m0 x27a h3b y3608 ff71 fs8 fc3 sc0 ls58 ws47\">Disposal completed on<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y34bc w158 h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls9 ws1\">Resourcing<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6dc y34bc w159 h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls57 ws46\">31 May 2023<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35ec w15a h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls9 ws1\">Security Watchdog<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6dd y35ec w15b h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls57 ws46\">31 M<span class=\"_ _2b\"></span>ay 2023<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35fd w15c h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls57 ws46\">PageOne<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6de y35fd w15d h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls57 ws46\">31 July 2023<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35f2 w15e h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls9 ws1\">Software<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6df y35f2 w15f h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls57 ws46\">31 July 2023<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3512 w160 h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls57 ws46\">Enforcement<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6de y3512 w15d h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls57 ws46\">31 July 2023<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3513 w161 h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls57 ws46\">Travel<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6e0 y3513 w162 h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls57 ws46\">14 November 2023<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w163 h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls57 ws46\">Fera<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6e1 y3455 w164 h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls57 ws46\">17 January 2024<span class=\"_ _2af\"> </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=\"_ _2b\"></span>s have been excluded from adjusted results.<span class=\"_ _2af\"> </span><table class=\"s w165 h84\" id=\"_5ca618e4-1c47-4f58-b376-67917bb25dc4\"><tr><td></td><td></td><td class=\"c n x6e2 y360a wdd h78\"><div class=\"t m0 x27a h3a y3517 ff71 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x6e3 y360a w166 h6d\"><div class=\"t m0 x27a h3a y3517 ff72 fs8 fc3 sc0 ls58 ws47\">2022 <span class=\"_ _1\"></span>(Re-presented)<span class=\"_ _2af\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x6e4 h3b y360b ff71 fs8 fc3 sc0 ls58 ws47\">Trading<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6e5 h3b y360b ff71 fs8 fc3 sc0 ls58 ws47\">Non-trading<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6e6 h3b y360b ff71 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6e7 h3a y360b ff72 fs8 fc3 sc0 ls58 ws47\">Trading<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6e8 h3a y360b ff72 fs8 fc3 sc0 ls58 ws47\">Non-trading<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6e9 h3a y360b ff72 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h3b y360c ff71 fs8 fc3 sc0 ls58 ws47\">Income statement impact<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6ea h3b y360c ff71 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x44d h3b y360c ff71 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6eb h3b y360c ff71 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x492 h3a y360c ff72 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x456 h3a y360c ff72 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6ec h3a y360c ff72 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y360d w167 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">Revenue<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6ed y360d w3b h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">172.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6ee y360d w8c h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6ef y360d w3b h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">172.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f0 y360d w3b h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">405.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f1 y360d w8c h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f2 y360d w3b h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">405.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y360e w29 h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">Cost of sales<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f3 y360e w30 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(110.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f4 y360e w36 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f5 y360e w31 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(110.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f6 y360e w31 h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">(284.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f7 y360e w8c h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f8 y360e w30 h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">(284.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y360f w168 h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">Gross profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f9 y360f w7a h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">61.<span class=\"_ _2b\"></span>8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6fa y360f w36 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6fb y360f w3d h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">61.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6fc y360f w3b h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">121.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6fd y360f w8c h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6fe y360f w3b h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">121.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3610 w2e h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">Administrative expenses<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6ff y3610 wbc h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(65.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x700 y3610 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(33.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x701 y3610 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(98.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x702 y3610 wbc h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">(81.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x703 y3610 w34 h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">(23.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x704 y3610 w31 h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">(104.5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3611 w108 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">Operating (loss)/profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n x705 y3611 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">(3.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x706 y3611 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(33.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x707 y3611 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(36.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x708 y3611 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">39.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x709 y3611 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">(23.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x70a y3611 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">16.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3612 w169 h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">Net finance costs<span class=\"_ _2af\"> </span></div></td><td class=\"c n x70b y3612 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6ee y3612 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x70c y3612 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x70d y3612 w3a h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">(1.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x70e y3612 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x624 y3612 w43 h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">(1.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3613 w16a h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">(Loss)/gain on business disposal<span class=\"_ _2af\"> </span></div></td><td class=\"c n x70f y3613 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x710 y3613 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">(2.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x711 y3613 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">(2.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x712 y3613 w8c h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x713 y3613 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">166.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x714 y3613 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">166.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3614 w3c h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">(Loss)/profit before tax<span class=\"_ _2af\"> </span></div></td><td class=\"c n x715 y3614 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">(3.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x716 y3614 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(35.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x717 y3614 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(38.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x718 y3614 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">38.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x719 y3614 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">143.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x71a y3614 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">182.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3615 w16b h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">Taxation<span class=\"_ _2af\"> </span></div></td><td class=\"c n x71b y3615 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">0.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x716 y3615 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(43.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x717 y3615 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(43.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x71c y3615 w3a h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">(7.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x71d y3615 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">26.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x71e y3615 w3f h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">18.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w16c h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">(Loss)/profit after tax<span class=\"_ _2af\"> </span></div></td><td class=\"c n x71f y3455 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">(3.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x720 y3455 wbc h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(79.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x721 y3455 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(82.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x722 y3455 w3f h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">31.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x723 y3455 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">169.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x724 y3455 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">201.0<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </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=\"_ _2af\"> </span></span>Trading revenue and costs represent the current period trading performance of the above bus<span class=\"_ _2b\"></span>inesses up to the point of being disposed or exited, and in the comparative period those businesses di<span class=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span></span>assets of <span class=\"ls57 ws46\">\u00a30.2m</span> (refer to note<span class=\"_ gs15\"> </span>3.5).<span class=\"_ _2af\"> </span>2.8.1 Disposals<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Property, plant and equipment<span class=\"_ _221\"> </span><span class=\"ff74\"> <span class=\"_ _19f\"> </span>0.3 <span class=\"_ _1a0\"> </span></span> <span class=\"_ _19f\"> </span>0.2 Intangible assets<span class=\"_ _2af\"> </span>8.6<span class=\"_ _2af\"> </span>20.4<span class=\"_ _2af\"> </span>Goodwill<span class=\"_ _2af\"> </span>3.2<span class=\"_ _2af\"> </span>178.3<span class=\"_ _2af\"> </span>Right-of-use assets<span class=\"_ _2af\"> </span>0.2<span class=\"_ _2af\"> </span>0.2<span class=\"_ _2af\"> </span>Income tax recoverable and deferred tax assets<span class=\"_ _2af\"> </span>0.8<span class=\"_ _2af\"> </span>7.6<span class=\"_ _2af\"> </span>Contract fulfilment assets<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>2.8<span class=\"_ _2af\"> </span>Trade and other receivables<span class=\"_ _2af\"> </span>78.6<span class=\"_ _2af\"> </span>136.6<span class=\"_ _2af\"> </span>Cash and cash equivalents<span class=\"_ _2af\"> </span>14.6<span class=\"_ _2af\"> </span>55.9<span class=\"_ _2af\"> </span>1<span class=\"_ _2af\"> </span>Disposal group assets held for sale<span class=\"_ _2af\"> </span>78.2<span class=\"_ _2af\"> </span>143.0<span class=\"_ _2af\"> </span>Trade and other payables<span class=\"_ _2af\"> </span>(36.6)<span class=\"_ _2af\"> </span>(127.0)<span class=\"_ _2af\"> </span>Deferred income<span class=\"_ _2af\"> </span>(3.9)<span class=\"_ _2af\"> </span>(<span class=\"_ _2b\"></span>38.6)<span class=\"_ _2af\"> </span>Lease liabilities<span class=\"_ _2af\"> </span>(0.2)<span class=\"_ _2af\"> </span>(0.3)<span class=\"_ _2af\"> </span>Capita group loan balances<span class=\"_ _2af\"> </span>(42.7)<span class=\"_ _2af\"> </span>(102.3)<span class=\"_ _2af\"> </span>Income tax payable and deferred tax liabilities<span class=\"_ _2af\"> </span>(1.1)<span class=\"_ _2af\"> </span>(0.7)<span class=\"_ _2af\"> </span>Provisions<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>(0.4)<span class=\"_ _2af\"> </span>Disposal group liabilities held for sale<span class=\"_ _2af\"> </span>(33.5)<span class=\"_ _2af\"> </span>(135.4)<span class=\"_ _2af\"> </span>Net identifiable assets sold<span class=\"_ _2af\"> </span>66.5<span class=\"_ _2af\"> </span>140.3<span class=\"_ _2af\"> </span>Non-controlling interests<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>(0.3)<span class=\"_ _2af\"> </span>66.5<span class=\"_ _2af\"> </span>140.0<span class=\"_ _2af\"> </span>Sales price:<span class=\"_ _2af\"> </span>received in cash<span class=\"_ _2af\"> </span>68.4<span class=\"_ _2af\"> </span>330.0<span class=\"_ _2af\"> </span>deferred receivable<span class=\"_ _2af\"> </span>11.4<span class=\"_ _2af\"> </span>10.5<span class=\"_ _2af\"> </span>Less: disposal costs<span class=\"_ _2af\"> </span>(15.5)<span class=\"_ _2af\"> </span>(33.3)<span class=\"_ _2af\"> </span>Net sales price<span class=\"_ _2af\"> </span>64.3<span class=\"_ _2af\"> </span>307.2<span class=\"_ _2af\"> </span>Realisation of cumulative currency translation difference<span class=\"_ _2af\"> </span>(0.2)<span class=\"_ _2af\"> </span>(0.3)<span class=\"_ _2af\"> </span>(Loss)/gain on disposal of businesses<span class=\"_ _2af\"> </span>(2.4)<span class=\"_ _2af\"> </span>166.9<span class=\"_ _2af\"> </span>1<span class=\"_ _2af\"> </span>disposal of businesses in the period<span class=\"_ _20e\"> </span><span class=\"ff74 ls57 ws46\"> <span class=\"_ _49\"> </span>52.0 <span class=\"_ _1a0\"> </span><span class=\"ff75\"> <span class=\"_ _3b\"> </span>102.3 </span></span>disposal of businesses classified as held for sale<span class=\"_ _219\"> </span><span class=\"ff74\"> <span class=\"_ _f9\"> </span>\u2014 <span class=\"_ _1a0\"> </span></span><span class=\"ls57 ws46\"> <span class=\"_ _cb\"> </span>54.5 </span>Total proceeds received net of disposal costs paid<span class=\"_ _a9\"> </span> <span class=\"_ _49\"> </span>96.8 <span class=\"_ _1a0\"> </span><span class=\"ff75\"> <span class=\"_ _1ac\"> </span>463.4 </span>Total cash held by businesses when sold<span class=\"_ _2af\"> </span>Cash held by businesses when sold<span class=\"_ _67\"> </span><span class=\"ff74 ls57 ws46\"> <span class=\"_ _4b\"> </span>(33.4) <span class=\"_ _2a\"> </span><span class=\"ff75\"> <span class=\"_ _29\"> </span>(55.9) </span></span>Cash held by businesses classified as held for sale<span class=\"_ _1e0\"> </span><span class=\"ff74\"> <span class=\"_ _f9\"> </span>\u2014 <span class=\"_ _1a0\"> </span></span><span class=\"ls57 ws46\"> <span class=\"_ _29\"> </span>(19.6) </span>Total cash held by businesses when sold<span class=\"_ _1e1\"> </span> <span class=\"_ _29\"> </span>(33.4) <span class=\"_ _1b2\"> </span><span class=\"ff75\"> <span class=\"_ _29\"> </span>(75.5) </span>Net cash inflow<span class=\"_ _22c\"> </span> <span class=\"_ _49\"> </span>63.4 <span class=\"_ _1a0\"> </span><span class=\"ff75\"> <span class=\"_ _1ac\"> </span>387.9 </span>1.<span class=\"_ _9\"> </span>2023 balances in respect of disposal group assets and liabilities held for sale relate to three business<span class=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </span></span>The net cash inflow was determined as follows:<span class=\"_ _2af\"> </span>2023<span class=\"ls9 ws1\"> </span>\u00a3m<span class=\"_ _2af\"> </span>2022<span class=\"ls9 ws1\"> </span>\u00a3m<span class=\"_ _2af\"> </span>Net cash inflow<span class=\"_ _2af\"> </span>Proceeds received<span class=\"_ _22b\"> </span><span class=\"ff74 ls57 ws46\"> <span class=\"_ _49\"> </span>68.4 <span class=\"_ _1a0\"> </span><span class=\"ff75\"> <span class=\"_ _1ac\"> </span>330.0 </span></span>Less disposal costs:<span class=\"_ _2af\"> </span>income statement charge<span class=\"_ _117\"> </span><span class=\"ff74 ls57 ws46\"> <span class=\"_ _4b\"> </span>(15.5) <span class=\"_ _2a\"> </span><span class=\"ff75\"> <span class=\"_ _4b\"> </span>(<span class=\"_ _2b\"></span>33.3) </span></span>change in accrued disposal costs during the year<span class=\"_ _20\"> </span><span class=\"ff74\"> <span class=\"_ _52\"> </span>(8.1) <span class=\"_ _1b2\"></span></span><span class=\"ls57 ws46\"> <span class=\"_ _bd\"> </span>9.9 </span>Settlement of receivables due from disposed businesses:<span class=\"_ _2af\"> </span>2.8.2 Disposal group assets and liabilities held<span class=\"ls9 ws1\"> for sale<span class=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w179 h86\" id=\"_e9f69496-2813-42e3-8cd2-3c8bbe5ec4f6\"><tr><td></td><td class=\"t m0 x3c8 h3b y363f ff76 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2c3 h3a y363f ff77 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2c5 h3b y3640 ff76 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3640 ff77 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3641 w5c h5c\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls57 ws46\">Property, plant and equipment<span class=\"_ _2af\"> </span></div></td><td class=\"c n x3ea y3641 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x74d y3641 w36 h5c\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3642 w60 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">Goodwill<span class=\"_ _2af\"> </span></div></td><td class=\"c n x742 y3642 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">15.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x74e y3642 w72 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3643 w68 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls57 ws46\">Trade and other receivables<span class=\"_ _2af\"> </span></div></td><td class=\"c n x74f y3643 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x750 y3643 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3644 w65 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">Accrued income<span class=\"_ _2af\"> </span></div></td><td class=\"c n x751 y3644 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">6.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x752 y3644 w72 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3645 w17a h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls57 ws46\">Prepayments<span class=\"_ _2af\"> </span></div></td><td class=\"c n x74f y3645 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">1.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x750 y3645 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3646 w16f h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls57 ws46\">Cash and cash equivalents<span class=\"_ _2af\"> </span></div></td><td class=\"c n x753 y3646 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">7.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x754 y3646 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3647 w17b h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">Income tax receivable and deferred tax assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x755 y3647 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f3 y3647 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3648 w17c h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">Disposal group assets held for sale<span class=\"_ _2af\"> </span></div></td><td class=\"c n x742 y3648 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">38.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x74e y3648 w72 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3649 w6f h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls57 ws46\">Trade and other payables<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e2 y3649 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">2.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x756 y3649 w72 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y364a w17d h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">Other taxes and social security<span class=\"_ _2af\"> </span></div></td><td class=\"c n x757 y364a w62 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">1.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x758 y364a w36 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35e4 w60 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">Accruals<span class=\"_ _2af\"> </span></div></td><td class=\"c n x3ea y35e4 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">1.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x74d y35e4 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35e5 w73 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">Deferred income<span class=\"_ _2af\"> </span></div></td><td class=\"c n x759 y35e5 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">3.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x75a y35e5 w72 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35e6 w171 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">Income tax payable and deferred tax liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n x75b y35e6 w100 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x648 y35e6 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w17e h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls9 ws1\">Disposal group liabilities held for sale<span class=\"_ _2af\"> </span></div></td><td class=\"c n x3ea y3455 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">9.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x74d y3455 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr></table>2.8.3 Business exit cash flows<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </span>Business exits<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Assets held for sale<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></span>e deemed to have </span>met this threshold.<span class=\"_ _2af\"> </span>2023 business exits<span class=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w155 h83\" id=\"_4f68880d-ba3b-4a2b-b91e-e28e5ef87569\"><tr><td class=\"c n x27b y3609 w156 h6f\"><div class=\"t m0 x27a h3b y3608 ff71 fs8 fc3 sc0 ls58 ws47\">Business<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6db y3609 w157 h6f\"><div class=\"t m0 x27a h3b y3608 ff71 fs8 fc3 sc0 ls58 ws47\">Disposal completed on<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y34bc w158 h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls9 ws1\">Resourcing<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6dc y34bc w159 h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls57 ws46\">31 May 2023<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35ec w15a h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls9 ws1\">Security Watchdog<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6dd y35ec w15b h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls57 ws46\">31 M<span class=\"_ _2b\"></span>ay 2023<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35fd w15c h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls57 ws46\">PageOne<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6de y35fd w15d h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls57 ws46\">31 July 2023<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35f2 w15e h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls9 ws1\">Software<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6df y35f2 w15f h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls57 ws46\">31 July 2023<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3512 w160 h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls57 ws46\">Enforcement<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6de y3512 w15d h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls57 ws46\">31 July 2023<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3513 w161 h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls57 ws46\">Travel<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6e0 y3513 w162 h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls57 ws46\">14 November 2023<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w163 h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls57 ws46\">Fera<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6e1 y3455 w164 h5e\"><div class=\"t m0 x27a h38 y3453 ff72 fs5 fc3 sc0 ls57 ws46\">17 January 2024<span class=\"_ _2af\"> </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=\"_ _2b\"></span>s have been excluded from adjusted results.<span class=\"_ _2af\"> </span><table class=\"s w165 h84\" id=\"_5ca618e4-1c47-4f58-b376-67917bb25dc4\"><tr><td></td><td></td><td class=\"c n x6e2 y360a wdd h78\"><div class=\"t m0 x27a h3a y3517 ff71 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x6e3 y360a w166 h6d\"><div class=\"t m0 x27a h3a y3517 ff72 fs8 fc3 sc0 ls58 ws47\">2022 <span class=\"_ _1\"></span>(Re-presented)<span class=\"_ _2af\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x6e4 h3b y360b ff71 fs8 fc3 sc0 ls58 ws47\">Trading<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6e5 h3b y360b ff71 fs8 fc3 sc0 ls58 ws47\">Non-trading<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6e6 h3b y360b ff71 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6e7 h3a y360b ff72 fs8 fc3 sc0 ls58 ws47\">Trading<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6e8 h3a y360b ff72 fs8 fc3 sc0 ls58 ws47\">Non-trading<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6e9 h3a y360b ff72 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h3b y360c ff71 fs8 fc3 sc0 ls58 ws47\">Income statement impact<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6ea h3b y360c ff71 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x44d h3b y360c ff71 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6eb h3b y360c ff71 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x492 h3a y360c ff72 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x456 h3a y360c ff72 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6ec h3a y360c ff72 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y360d w167 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">Revenue<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6ed y360d w3b h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">172.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6ee y360d w8c h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6ef y360d w3b h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">172.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f0 y360d w3b h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">405.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f1 y360d w8c h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f2 y360d w3b h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">405.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y360e w29 h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">Cost of sales<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f3 y360e w30 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(110.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f4 y360e w36 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f5 y360e w31 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(110.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f6 y360e w31 h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">(284.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f7 y360e w8c h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f8 y360e w30 h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">(284.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y360f w168 h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">Gross profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f9 y360f w7a h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">61.<span class=\"_ _2b\"></span>8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6fa y360f w36 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6fb y360f w3d h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">61.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6fc y360f w3b h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">121.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6fd y360f w8c h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6fe y360f w3b h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">121.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3610 w2e h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">Administrative expenses<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6ff y3610 wbc h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(65.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x700 y3610 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(33.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x701 y3610 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(98.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x702 y3610 wbc h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">(81.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x703 y3610 w34 h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">(23.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x704 y3610 w31 h5c\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">(104.5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3611 w108 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">Operating (loss)/profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n x705 y3611 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">(3.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x706 y3611 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(33.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x707 y3611 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(36.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x708 y3611 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">39.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x709 y3611 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">(23.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x70a y3611 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">16.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3612 w169 h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">Net finance costs<span class=\"_ _2af\"> </span></div></td><td class=\"c n x70b y3612 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6ee y3612 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x70c y3612 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x70d y3612 w3a h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">(1.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x70e y3612 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x624 y3612 w43 h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">(1.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3613 w16a h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">(Loss)/gain on business disposal<span class=\"_ _2af\"> </span></div></td><td class=\"c n x70f y3613 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x710 y3613 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">(2.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x711 y3613 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">(2.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x712 y3613 w8c h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x713 y3613 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">166.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x714 y3613 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">166.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3614 w3c h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">(Loss)/profit before tax<span class=\"_ _2af\"> </span></div></td><td class=\"c n x715 y3614 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">(3.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x716 y3614 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(35.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x717 y3614 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(38.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x718 y3614 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">38.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x719 y3614 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">143.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x71a y3614 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">182.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3615 w16b h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">Taxation<span class=\"_ _2af\"> </span></div></td><td class=\"c n x71b y3615 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">0.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x716 y3615 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(43.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x717 y3615 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(43.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x71c y3615 w3a h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls9 ws1\">(7.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x71d y3615 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">26.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x71e y3615 w3f h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">18.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w16c h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">(Loss)/profit after tax<span class=\"_ _2af\"> </span></div></td><td class=\"c n x71f y3455 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls9 ws1\">(3.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x720 y3455 wbc h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(79.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x721 y3455 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff71 fs5 fc3 sc0 ls57 ws46\">(82.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x722 y3455 w3f h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">31.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x723 y3455 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">169.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x724 y3455 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff72 fs5 fc3 sc0 ls57 ws46\">201.0<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </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=\"_ _2af\"> </span></span>Trading revenue and costs represent the current period trading performance of the above bus<span class=\"_ _2b\"></span>inesses up to the point of being disposed or exited, and in the comparative period those businesses di<span class=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span></span>assets of <span class=\"ls57 ws46\">\u00a30.2m</span> (refer to note<span class=\"_ gs15\"> </span>3.5).<span class=\"_ _2af\"> </span>2.8.1 Disposals<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Property, plant and equipment<span class=\"_ _221\"> </span><span class=\"ff74\"> <span class=\"_ _19f\"> </span>0.3 <span class=\"_ _1a0\"> </span></span> <span class=\"_ _19f\"> </span>0.2 Intangible assets<span class=\"_ _2af\"> </span>8.6<span class=\"_ _2af\"> </span>20.4<span class=\"_ _2af\"> </span>Goodwill<span class=\"_ _2af\"> </span>3.2<span class=\"_ _2af\"> </span>178.3<span class=\"_ _2af\"> </span>Right-of-use assets<span class=\"_ _2af\"> </span>0.2<span class=\"_ _2af\"> </span>0.2<span class=\"_ _2af\"> </span>Income tax recoverable and deferred tax assets<span class=\"_ _2af\"> </span>0.8<span class=\"_ _2af\"> </span>7.6<span class=\"_ _2af\"> </span>Contract fulfilment assets<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>2.8<span class=\"_ _2af\"> </span>Trade and other receivables<span class=\"_ _2af\"> </span>78.6<span class=\"_ _2af\"> </span>136.6<span class=\"_ _2af\"> </span>Cash and cash equivalents<span class=\"_ _2af\"> </span>14.6<span class=\"_ _2af\"> </span>55.9<span class=\"_ _2af\"> </span>1<span class=\"_ _2af\"> </span>Disposal group assets held for sale<span class=\"_ _2af\"> </span>78.2<span class=\"_ _2af\"> </span>143.0<span class=\"_ _2af\"> </span>Trade and other payables<span class=\"_ _2af\"> </span>(36.6)<span class=\"_ _2af\"> </span>(127.0)<span class=\"_ _2af\"> </span>Deferred income<span class=\"_ _2af\"> </span>(3.9)<span class=\"_ _2af\"> </span>(<span class=\"_ _2b\"></span>38.6)<span class=\"_ _2af\"> </span>Lease liabilities<span class=\"_ _2af\"> </span>(0.2)<span class=\"_ _2af\"> </span>(0.3)<span class=\"_ _2af\"> </span>Capita group loan balances<span class=\"_ _2af\"> </span>(42.7)<span class=\"_ _2af\"> </span>(102.3)<span class=\"_ _2af\"> </span>Income tax payable and deferred tax liabilities<span class=\"_ _2af\"> </span>(1.1)<span class=\"_ _2af\"> </span>(0.7)<span class=\"_ _2af\"> </span>Provisions<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>(0.4)<span class=\"_ _2af\"> </span>Disposal group liabilities held for sale<span class=\"_ _2af\"> </span>(33.5)<span class=\"_ _2af\"> </span>(135.4)<span class=\"_ _2af\"> </span>Net identifiable assets sold<span class=\"_ _2af\"> </span>66.5<span class=\"_ _2af\"> </span>140.3<span class=\"_ _2af\"> </span>Non-controlling interests<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>(0.3)<span class=\"_ _2af\"> </span>66.5<span class=\"_ _2af\"> </span>140.0<span class=\"_ _2af\"> </span>Sales price:<span class=\"_ _2af\"> </span>received in cash<span class=\"_ _2af\"> </span>68.4<span class=\"_ _2af\"> </span>330.0<span class=\"_ _2af\"> </span>deferred receivable<span class=\"_ _2af\"> </span>11.4<span class=\"_ _2af\"> </span>10.5<span class=\"_ _2af\"> </span>Less: disposal costs<span class=\"_ _2af\"> </span>(15.5)<span class=\"_ _2af\"> </span>(33.3)<span class=\"_ _2af\"> </span>Net sales price<span class=\"_ _2af\"> </span>64.3<span class=\"_ _2af\"> </span>307.2<span class=\"_ _2af\"> </span>Realisation of cumulative currency translation difference<span class=\"_ _2af\"> </span>(0.2)<span class=\"_ _2af\"> </span>(0.3)<span class=\"_ _2af\"> </span>(Loss)/gain on disposal of businesses<span class=\"_ _2af\"> </span>(2.4)<span class=\"_ _2af\"> </span>166.9<span class=\"_ _2af\"> </span>1<span class=\"_ _2af\"> </span>disposal of businesses in the period<span class=\"_ _20e\"> </span><span class=\"ff74 ls57 ws46\"> <span class=\"_ _49\"> </span>52.0 <span class=\"_ _1a0\"> </span><span class=\"ff75\"> <span class=\"_ _3b\"> </span>102.3 </span></span>disposal of businesses classified as held for sale<span class=\"_ _219\"> </span><span class=\"ff74\"> <span class=\"_ _f9\"> </span>\u2014 <span class=\"_ _1a0\"> </span></span><span class=\"ls57 ws46\"> <span class=\"_ _cb\"> </span>54.5 </span>Total proceeds received net of disposal costs paid<span class=\"_ _a9\"> </span> <span class=\"_ _49\"> </span>96.8 <span class=\"_ _1a0\"> </span><span class=\"ff75\"> <span class=\"_ _1ac\"> </span>463.4 </span>Total cash held by businesses when sold<span class=\"_ _2af\"> </span>Cash held by businesses when sold<span class=\"_ _67\"> </span><span class=\"ff74 ls57 ws46\"> <span class=\"_ _4b\"> </span>(33.4) <span class=\"_ _2a\"> </span><span class=\"ff75\"> <span class=\"_ _29\"> </span>(55.9) </span></span>Cash held by businesses classified as held for sale<span class=\"_ _1e0\"> </span><span class=\"ff74\"> <span class=\"_ _f9\"> </span>\u2014 <span class=\"_ _1a0\"> </span></span><span class=\"ls57 ws46\"> <span class=\"_ _29\"> </span>(19.6) </span>Total cash held by businesses when sold<span class=\"_ _1e1\"> </span> <span class=\"_ _29\"> </span>(33.4) <span class=\"_ _1b2\"> </span><span class=\"ff75\"> <span class=\"_ _29\"> </span>(75.5) </span>Net cash inflow<span class=\"_ _22c\"> </span> <span class=\"_ _49\"> </span>63.4 <span class=\"_ _1a0\"> </span><span class=\"ff75\"> <span class=\"_ _1ac\"> </span>387.9 </span>1.<span class=\"_ _9\"> </span>2023 balances in respect of disposal group assets and liabilities held for sale relate to three business<span class=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </span></span>The net cash inflow was determined as follows:<span class=\"_ _2af\"> </span>2023<span class=\"ls9 ws1\"> </span>\u00a3m<span class=\"_ _2af\"> </span>2022<span class=\"ls9 ws1\"> </span>\u00a3m<span class=\"_ _2af\"> </span>Net cash inflow<span class=\"_ _2af\"> </span>Proceeds received<span class=\"_ _22b\"> </span><span class=\"ff74 ls57 ws46\"> <span class=\"_ _49\"> </span>68.4 <span class=\"_ _1a0\"> </span><span class=\"ff75\"> <span class=\"_ _1ac\"> </span>330.0 </span></span>Less disposal costs:<span class=\"_ _2af\"> </span>income statement charge<span class=\"_ _117\"> </span><span class=\"ff74 ls57 ws46\"> <span class=\"_ _4b\"> </span>(15.5) <span class=\"_ _2a\"> </span><span class=\"ff75\"> <span class=\"_ _4b\"> </span>(<span class=\"_ _2b\"></span>33.3) </span></span>change in accrued disposal costs during the year<span class=\"_ _20\"> </span><span class=\"ff74\"> <span class=\"_ _52\"> </span>(8.1) <span class=\"_ _1b2\"></span></span><span class=\"ls57 ws46\"> <span class=\"_ _bd\"> </span>9.9 </span>Settlement of receivables due from disposed businesses:<span class=\"_ _2af\"> </span><div class=\"t m0 h39 ff76 fs5 fc1 sc0 ls57 ws46 gs3be\">2.8.2 Disposal group assets and liabilities held<span class=\"ls9 ws1\"> for sale<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff77 fs5 fc3 sc0 ls9 ws1 gs3bf\">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 fc3 sc0 ls9 ws1 gs3c0\">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=\"_ _2af\"> </span></div><div class=\"gs3c1\"><table class=\"s w179 h86\" id=\"_e9f69496-2813-42e3-8cd2-3c8bbe5ec4f6\"><tr><td></td><td class=\"t m0 x3c8 h3b y363f ff76 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2c3 h3a y363f ff77 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2c5 h3b y3640 ff76 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3640 ff77 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3641 w5c h5c\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls57 ws46\">Property, plant and equipment<span class=\"_ _2af\"> </span></div></td><td class=\"c n x3ea y3641 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x74d y3641 w36 h5c\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3642 w60 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">Goodwill<span class=\"_ _2af\"> </span></div></td><td class=\"c n x742 y3642 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">15.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x74e y3642 w72 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3643 w68 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls57 ws46\">Trade and other receivables<span class=\"_ _2af\"> </span></div></td><td class=\"c n x74f y3643 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x750 y3643 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3644 w65 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">Accrued income<span class=\"_ _2af\"> </span></div></td><td class=\"c n x751 y3644 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">6.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x752 y3644 w72 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3645 w17a h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls57 ws46\">Prepayments<span class=\"_ _2af\"> </span></div></td><td class=\"c n x74f y3645 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">1.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x750 y3645 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3646 w16f h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls57 ws46\">Cash and cash equivalents<span class=\"_ _2af\"> </span></div></td><td class=\"c n x753 y3646 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">7.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x754 y3646 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3647 w17b h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">Income tax receivable and deferred tax assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x755 y3647 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f3 y3647 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3648 w17c h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">Disposal group assets held for sale<span class=\"_ _2af\"> </span></div></td><td class=\"c n x742 y3648 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">38.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x74e y3648 w72 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3649 w6f h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls57 ws46\">Trade and other payables<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e2 y3649 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">2.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x756 y3649 w72 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y364a w17d h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">Other taxes and social security<span class=\"_ _2af\"> </span></div></td><td class=\"c n x757 y364a w62 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">1.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x758 y364a w36 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35e4 w60 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">Accruals<span class=\"_ _2af\"> </span></div></td><td class=\"c n x3ea y35e4 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">1.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x74d y35e4 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35e5 w73 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">Deferred income<span class=\"_ _2af\"> </span></div></td><td class=\"c n x759 y35e5 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">3.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x75a y35e5 w72 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35e6 w171 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">Income tax payable and deferred tax liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n x75b y35e6 w100 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x648 y35e6 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w17e h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls9 ws1\">Disposal group liabilities held for sale<span class=\"_ _2af\"> </span></div></td><td class=\"c n x3ea y3455 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff76 fs5 fc3 sc0 ls57 ws46\">9.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x74d y3455 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff77 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h39 ff76 fs5 fc1 sc0 ls57 ws46 gs3c3\">2.8.3 Business exit cash flows<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff77 fs5 fc3 sc0 ls57 ws46 gs3c4\">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 fc3 sc0 ls9 ws1 gs3c5\">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=\"_ _2af\"> </span>Business exits<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Assets held for sale<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></span>e deemed to have </span>met this threshold.<span class=\"_ _2af\"> </span>Trading revenue and costs represent the current period trading performance of the above bus<span class=\"_ _2b\"></span>inesses up to the point of being disposed or exited, and in the comparative period those businesses di<span class=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span></span>assets of <span class=\"ls57 ws46\">\u00a30.2m</span> (refer to note<span class=\"_ gs15\"> </span>3.5).<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Business exits<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Assets held for sale<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></span>e deemed to have </span>met this threshold.<span class=\"_ _2af\"> </span>Trading revenue and costs represent the current period trading performance of the above bus<span class=\"_ _2b\"></span>inesses up to the point of being disposed or exited, and in the comparative period those businesses di<span class=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span></span>assets of <span class=\"ls57 ws46\">\u00a30.2m</span> (refer to note<span class=\"_ gs15\"> </span>3.5).<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>2.9.1 Additional cash flow <span class=\"ls9 ws1\">information<span class=\"_ _2af\"> </span></span><table class=\"s w17f h87\" id=\"_c3df33ea-fa9b-4272-a384-a9b7ba533071\"><tr><td></td><td></td><td></td><td class=\"c n x75c y364b wdd h78\"><div class=\"t m0 x27a h3a y3517 ff78 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x75d y364b wdd h79\"><div class=\"t m0 x27a h3a y3517 ff79 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x5e2 h3b y364c ff78 fs8 fc3 sc0 ls58 ws47\">Excluding </td><td></td><td class=\"t m0 x321 h3a y364c ff79 fs8 fc3 sc0 ls9 ws1\">Excluding </td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x66a h3b y364d ff78 fs8 fc3 sc0 ls58 ws47\">business </td><td></td><td class=\"t m0 x75e h3a y364d ff79 fs8 fc3 sc0 ls58 ws47\">business </td></tr><tr><td></td><td></td><td class=\"c x75f y364e w180 h6f\"><div class=\"t m0 x27a h3b y3608 ff78 fs8 fc3 sc0 ls58 ws47\">Reported<span class=\"_ _2af\"> </span></div></td><td class=\"c x761 y3650 w181 h88\"><div class=\"t m0 x27a h3b y3608 ff78 fs8 fc3 sc0 ls58 ws47\">exits<span class=\"_ _2af\"> </span></div><div class=\"t m0 x760 h4a y364f ff78 fs1e fc3 sc0 ls5c ws4b\">1,2<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 x5d7 h3a y3651 ff79 fs8 fc3 sc0 ls58 ws47\">Reported </td><td class=\"t m0 x331 h3a y3651 ff79 fs8 fc3 sc0 ls58 ws47\">exits<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x762 h3a y3652 ff79 fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"c x763 y3653 w149 h6f\"><div class=\"t m0 x27a h3b y3608 ff78 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 x764 h3b y3652 ff78 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x442 h3a y3652 ff79 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3652 ff79 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y3654 ff78 fs5 fc3 sc0 ls9 ws1\">Cash flows from operating activities:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y3655 w182 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">Reported operating loss<span class=\"_ _2af\"> </span></div></td><td class=\"c n x765 y3655 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x766 y3655 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(52.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x767 y3655 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(52.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x768 y3655 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(79.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x769 y3655 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(79.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3656 w8f h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls9 ws1\">Less: business exit operating loss/(profit)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x76a y3656 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">2.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x76b y3656 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x76c y3656 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">36.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x76d y3656 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x76e y3656 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(16.5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3657 w183 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">Total operating loss<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x76f y3657 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(52.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x770 y3657 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(15.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x771 y3657 wa0 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(79.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x772 y3657 wa0 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(96.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y3658 ff78 fs5 fc3 sc0 ls57 ws46\">Adjustments for non-cash items:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x295 h38 y3659 ff79 fs5 fc3 sc0 ls9 ws1\">Depreciation<span class=\"_ _2af\"> </span></td><td class=\"t m0 x773 h38 y365a ff79 fs5 fc3 sc0 ls57 ws46\">3.2<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c n x774 y365b w62 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">3.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x775 y365b w3d h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">79.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x776 y365b w3d h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">78.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x777 y365b w5d h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">96.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x778 y365b w5d h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">93.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y365c web h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls9 ws1\">Amortisation of intangible assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x779 y365c w37 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x77a y365c w3d h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">29.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x77b y365c w3d h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">26.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x77c y365c w5d h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">41.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x77d y365c w3d h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">30.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y365d w184 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">Share-based payment expense<span class=\"_ _2af\"> </span></div></td><td class=\"c n x77e y365d w62 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x77f y365d w62 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">5.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x780 y365d w37 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">5.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x781 y365d w62 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x782 y365d w62 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y365e w67 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">Employee benefits<span class=\"_ _2af\"> </span></div></td><td class=\"c n x783 y365e w62 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x784 y365e w62 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">7.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x785 y365e w62 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">7.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x786 y365e w62 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">9.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2e1 y365e w37 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">9.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c x27b y365f w185 h67\"><div class=\"t m0 x27a h38 y34cf ff79 fs5 fc3 sc0 ls57 ws46\">Loss on sale of property, plant and equipment and<span class=\"_ _2af\"> </span></div><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">intangible assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x765 y365f w62 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x787 y365f w37 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x788 y365f w62 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x789 y365f w62 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">3.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x78a y365f w62 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">3.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3660 w186 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls9 ws1\">Amendments and early terminations of leases<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x78b y3660 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">3.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x78c y3660 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">3.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x78d y3660 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls9 ws1\">(4.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x78e y3660 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls9 ws1\">(4.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3661 w187 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls9 ws1\">Impairment of assets held for sale<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x78f y3661 w3d h64\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">18.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x790 y3661 w36 h64\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x791 y3661 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x792 y3661 w72 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3662 w188 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls9 ws1\">Impairment of non-current assets<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x793 y3662 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">69.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x794 y3662 w5d h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">62.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x795 y3662 w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">176.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b0 y3662 w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">176.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y3663 ff78 fs5 fc3 sc0 ls57 ws46\">Other adjustments:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y3636 w189 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls9 ws1\">Movement in provisions<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x796 y3636 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">23.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x797 y3636 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">15.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x798 y3636 wa0 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(42.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x799 y3636 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(48.5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3637 wc5 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls9 ws1\">Pension deficit contributions<span class=\"_ _2af\"> </span></div></td><td class=\"c n x79a y3637 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x79b y3637 w34 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">(46.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x79c y3637 wa0 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">(30.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x79d y3637 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(38.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x79e y3637 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(30.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3664 w18a h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls9 ws1\">Other contributions into pension schemes<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x79f y3664 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls9 ws1\">(9.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7a0 y3664 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls9 ws1\">(9.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7a1 y3664 wa0 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(10.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7a2 y3664 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(10.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y3665 ff78 fs5 fc3 sc0 ls57 ws46\">Movements in working capital:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y3666 w68 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">Trade and other receivables<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x7a3 y3666 wd7 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">(30.<span class=\"_ _2b\"></span>1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7a4 y3666 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls9 ws1\">(5.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7a5 y3666 wa0 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(41.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7a6 y3666 w5d h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">37.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3667 w18b h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls9 ws1\">Non-recourse trade receivables financing<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x7a7 y3667 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls9 ws1\">(9.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7a8 y3667 w43 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls9 ws1\">(9.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7a9 y3667 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">28.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7aa y3667 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">28.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3668 w6f h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">Trade and other payables<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x7ab y3668 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls9 ws1\">(8.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7ac y3668 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls9 ws1\">(6.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7ad y3668 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">84.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7ae y3668 w5d h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">20.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3669 w18c h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls9 ws1\">VAT deferral<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x7af y3669 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7b0 y3669 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x79d y3669 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(14.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x79e y3669 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(14.9)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y366a w73 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls9 ws1\">Deferred income<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x7b1 y366a w34 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">(77.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7b2 y366a w34 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">(81.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7b3 y366a wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(116.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7b4 y366a wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(122.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y366b wcc h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls9 ws1\">Contract fulfilment assets (non-current)<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x7b5 y366b w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">5.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7b6 y366b w72 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7b7 y366b w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">18.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7b8 y366b w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">20.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y348b w9c h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">Cash generated from operations<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x7b9 y348b w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">8.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7ba y348b w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">41.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x483 y348b w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">117.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f0 y348b w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">98.4<span class=\"_ _2af\"> </span></div></td></tr></table>1,2<div class=\"t m0 h42 ff78 fs1c fc3 sc0 ls9 ws1 gs3d0\">2<span class=\"_ _2af\"> </span></div><div class=\"gs23b\"><table class=\"s w78 h89\" id=\"_e3329b45-1a56-4e9a-ac0d-5fcd8cad968b\"><tr><td></td><td></td><td></td><td class=\"c n x7bb y366c wdd h78\"><div class=\"t m0 x27a h3a y3517 ff78 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x7bc y366c wdd h79\"><div class=\"t m0 x27a h3a y3517 ff79 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x7bd h3b y366d ff78 fs8 fc3 sc0 ls58 ws47\">Excluding </td><td></td><td class=\"t m0 x7be h3a y366d ff79 fs8 fc3 sc0 ls9 ws1\">Excluding </td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x7bf h3b y366e ff78 fs8 fc3 sc0 ls58 ws47\">business </td><td></td><td class=\"t m0 x451 h3a y366e ff79 fs8 fc3 sc0 ls58 ws47\">business </td></tr><tr><td></td><td></td><td class=\"c x497 y366f w15 h4c\"><div class=\"t m0 x222 h3b y293c ff78 fs8 fc3 sc0 ls58 ws47\">Reported </div></td><td class=\"c x611 y3670 w18d h88\"><div class=\"t m0 x27a h3b y3608 ff78 fs8 fc3 sc0 ls58 ws47\">exits</div><div class=\"t m0 x7c0 h4a y364f ff78 fs1e fc3 sc0 ls5c ws4b\">1,2<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 x7c1 h3a y3671 ff79 fs8 fc3 sc0 ls58 ws47\">Reported </td><td class=\"t m0 x7c2 h3a y3671 ff79 fs8 fc3 sc0 ls58 ws47\">exits<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x7c3 h3a y3672 ff79 fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7c4 h3b y3672 ff78 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x455 h3b y3672 ff78 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x456 h3a y3672 ff79 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y3672 ff79 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y3673 ff78 fs5 fc3 sc0 ls9 ws1\">Adjustments for free cash flows:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y3674 w9d h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls9 ws1\">Income tax paid<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x7c5 y3674 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls9 ws1\">(7.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7c6 y3674 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls9 ws1\">(3.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7c7 y3674 w43 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls9 ws1\">(7.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7c8 y3674 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(10.9)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3675 w18e h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls9 ws1\">Interest received<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x787 y3675 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">6.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x788 y3675 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">6.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7c9 y3675 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">5.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x78a y3675 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">5.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3676 w18f h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls9 ws1\">Interest paid<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x7ca y3676 wd7 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(<span class=\"_ _2b\"></span>47.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7cb y3676 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(47.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7cc y3676 wbc h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(43.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7cd y3676 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(41.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3677 w190 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls9 ws1\">Net cash (outflow)/inflow from operating activities<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x7ce y3677 wbc h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(40.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7cf y3677 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls9 ws1\">(3.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7d0 y3677 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">71.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7d1 y3677 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">50.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3678 wa2 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">Purchase of property, plant and equipment<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7d2 y3678 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">3.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7d3 y3678 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(28.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7d4 y3678 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(27.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7d5 y3678 wbc h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(20.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x736 y3678 wd7 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(<span class=\"_ _2b\"></span>11.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3679 w191 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls9 ws1\">Purchase of intangible assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7d6 y3679 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7d7 y3679 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(32.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7d8 y3679 wbc h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(31.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x771 y3679 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(27.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7d9 y3679 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(27.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y367a ff79 fs5 fc3 sc0 ls9 ws1\">Proceeds from sale of property, plant and equipment </td><td></td><td class=\"c n x7da y367b w26 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7db y367b w37 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7dc y367b w37 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7dd y367b w26 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y367c ff79 fs5 fc3 sc0 ls57 ws46\">and intangible assets<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x301 h38 y367d ff79 fs5 fc3 sc0 ls9 ws1\">Capital element of lease rental receipts<span class=\"_ _2af\"> </span></td><td></td><td class=\"c n x7da y367e w26 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">6.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7db y367e w37 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">6.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7dc y367e w37 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">5.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7dd y367e w26 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">5.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y367f ff79 fs5 fc3 sc0 ls9 ws1\">Capital element of lease rental payments<span class=\"_ _2af\"> </span></td><td></td><td class=\"c n x7de y3680 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(59.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7df y3680 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(58.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7e0 y3680 w109 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(61.<span class=\"_ _2b\"></span>8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7e1 y3680 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(61.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y3681 ff78 fs5 fc3 sc0 ls57 ws46\">Free cash flow<span class=\"_ _2af\"> </span></td><td></td><td class=\"c n x7e2 y348b w31 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">(154.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7e3 y348b w30 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">(115.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7e4 y348b w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(31.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7e5 y348b wbc h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(42.4)<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h43 ff79 fs1e fc3 sc0 ls5c ws4b gs3d1\">1,2<span class=\"_ _2af\"> </span> </div><div class=\"t m0 h3a ff79 fs8 fc3 sc0 ls58 ws47 gs3d2\">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=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff79 fs8 fc3 sc0 ls58 ws47 gs3d3\">2.<span class=\"_ _9\"> </span>From 1<span class=\"_ gs23c\"> </span>January 2023 free cash flow and free cash flow excluding business exits are presented after deducting the capital element of lease<span class=\"_ _2af\"> </span> </div><div class=\"t m0 h3a ff79 fs8 fc3 sc0 ls58 ws47 gs3d4\">payments and receipts. Comparative amounts have been re-presented. Refer to note 2.9.2.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff78 fs5 fc3 sc0 ls57 ws46 gs3d5\">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=\"_ _2af\"> </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 fc3 sc0 ls57 ws46 gs3d6\">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=\"_ _2af\"> </span></span><span class=\"ls9 ws1\"> </span></div><div class=\"t m0 h38 ff79 fs5 fc3 sc0 ls9 ws1 gs3d7\">business exits, and cash generated from operations excluding busin<span class=\"_ _1\"></span>ess exits.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff78 fs5 fc3 sc0 ls57 ws46 gs3d8\">Cost reduction programme:<span class=\"ff79 ls9 ws1\"> In relation to the implementation of the cost reduction programme detailed in<span class=\"_ _2af\"> </span></span><span class=\"ff79 ls9 ws1\"> </span></div><div class=\"t m0 h38 ff79 fs5 fc3 sc0 ls57 ws46 gs3d9\">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=\"_ _2af\"> </span></span><span class=\"ls9 ws1\"> </span></div><div class=\"t m0 h38 ff79 fs5 fc3 sc0 ls9 ws1 gs3da\">cash flow excluding business exits, and cash generated from ope<span class=\"_ _1\"></span>rations excluding business exits. A further<span class=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ff79 fs5 fc3 sc0 ls9 ws1 gs3db\">outflow of approximately \u00a3<span class=\"ls57 ws46\">21m associated with the programme announced in November 2023 is expected<span class=\"_ _2af\"> </span></span><span class=\"ls57 ws46\"> </span></div><div class=\"t m0 h38 ff79 fs5 fc3 sc0 ls57 ws46 gs3dc\">in 2024.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff7a fs5 fc1 sc0 ls57 ws46 gs3de\">2.9.2 Free cash flow and cash generated from operations (alternative performance measures - refer </div><div class=\"t m0 h39 ff7a fs5 fc1 sc0 ls57 ws46 gs3df\">to section 8.2)<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff7b fs5 fc3 sc0 ls9 ws1 gs3e0\">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 fc3 sc0 ls9 ws1 gs3e1\">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 fc3 sc0 ls9 ws1 gs3e2\">sustainable cash flow of the Group.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff7b fs5 fc3 sc0 ls9 ws1 gs3e3\">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 fc3 sc0 ls9 ws1 gs3e4\">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 fc3 sc0 ls9 ws1 gs3e5\">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 fc3 sc0 ls57 ws46 gs3e6\">provides a more relevant and comparable measure of the cash generated by the Group\u2019s operati<span class=\"_ _2b\"></span>ons and </div><div class=\"t m0 h38 ff7b fs5 fc3 sc0 ls57 ws46 gs3e7\">available to fund operations, capital expenditure, non-lease debt obligations, and potent<span class=\"_ _2b\"></span>ial shareholder </div><div class=\"t m0 h38 ff7b fs5 fc3 sc0 ls9 ws1 gs3e8\">distributions. <span class=\"ls57 ws46\">Comparative amounts have been re-presented.<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff7b fs5 fc3 sc0 ls57 ws46 gs3e9\">These measures are analysed below:<span class=\"_ _2af\"> </span></div><div class=\"gs3ea\"><table class=\"s w192 h8a\" id=\"_605096f5-9e52-4aaf-979f-125599c50e5e\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x7e6 h3b y3682 ff7a fs8 fc3 sc0 ls58 ws47\">Cash generated/(used) by </td></tr><tr><td></td><td></td><td class=\"t m0 x7e7 h3b y3683 ff7a fs8 fc3 sc0 ls58 ws47\">Free cash flow<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 x7e8 h3b y3683 ff7a fs8 fc3 sc0 ls58 ws47\">operations<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x762 h3b y3684 ff7a fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x7e9 h3a y3685 ff7b fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x3c8 h3b y3684 ff7a fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2c3 h3a y3685 ff7b fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x773 h3b y3686 ff7a fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5de h3a y3686 ff7b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3b y3686 ff7a fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3686 ff7b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3687 w193 h5b\"><div class=\"t m0 x27a h38 y343e ff7a fs5 fc3 sc0 ls57 ws46\">Reported (including business exits)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7ea y3687 wc1 h5b\"><div class=\"t m0 x27a h38 y343e ff7a fs5 fc3 sc0 ls57 ws46\">(154.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7eb y3687 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff7b fs5 fc3 sc0 ls57 ws46\">(31.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7ec y3687 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff7a fs5 fc3 sc0 ls57 ws46\">8.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7ed y3687 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff7b fs5 fc3 sc0 ls57 ws46\">117.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3688 wc6 h5d\"><div class=\"t m0 x27a h38 y343e ff7b fs5 fc3 sc0 ls9 ws1\">Business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7ee y3688 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff7a fs5 fc3 sc0 ls57 ws46\">23.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7ef y3688 wa0 h5d\"><div class=\"t m0 x27a h38 y343e ff7b fs5 fc3 sc0 ls57 ws46\">(19.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7f0 y3688 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff7a fs5 fc3 sc0 ls57 ws46\">16.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7f1 y3688 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff7b fs5 fc3 sc0 ls57 ws46\">(28.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c x427 y35b2 w194 h66\"><div class=\"t m0 x27a h38 y34cd ff7b fs5 fc3 sc0 ls9 ws1\">Pension deficit contributions triggered by<span class=\"_ _2af\"> </span></div><div class=\"t m0 x27a h38 y343e ff7b fs5 fc3 sc0 ls57 ws46\">disposals<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7f2 y35b2 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff7a fs5 fc3 sc0 ls57 ws46\">16.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7f3 y35b2 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff7b fs5 fc3 sc0 ls57 ws46\">8.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7f4 y35b2 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff7a fs5 fc3 sc0 ls57 ws46\">16.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7f5 y35b2 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff7b fs5 fc3 sc0 ls57 ws46\">8.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w195 h5b\"><div class=\"t m0 x27a h38 y343e ff7a fs5 fc3 sc0 ls57 ws46\">Excluding business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7f6 y3455 wc1 h5b\"><div class=\"t m0 x27a h38 y343e ff7a fs5 fc3 sc0 ls57 ws46\">(115.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7f7 y3455 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff7b fs5 fc3 sc0 ls57 ws46\">(42.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7f8 y3455 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff7a fs5 fc3 sc0 ls57 ws46\">41.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7f9 y3455 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff7b fs5 fc3 sc0 ls57 ws46\">98.4<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ff7b fs5 fc3 sc0 ls9 ws1 gs3ec\">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=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff7a fs5 fc3 sc0 ls57 ws46 gs3ed\">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 fc3 sc0 ls9 ws1 gs3ee\">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 fc3 sc0 ls9 ws1 gs3ef\">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 fc3 sc0 ls9 ws1 gs3f0\">adjusted results.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff7a fs5 fc3 sc0 ls57 ws46 gs3f1\">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 fc3 sc0 ls9 ws1 gs3f2\">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 fc3 sc0 ls57 ws46 gs3f3\">on a pound for pound basis in the event of disposal proceeds being used to fund mandatory prepayments of<span class=\"_ _2b\"></span> </div><div class=\"t m0 h38 ff7b fs5 fc3 sc0 ls57 ws46 gs3f4\">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 fc3 sc0 ls9 ws1 gs3f5\">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 fc3 sc0 ls9 ws1 gs3f6\">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 fc3 sc0 ls9 ws1 gs3f7\">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 fc3 sc0 ls57 ws46 gs3f8\">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 fc3 sc0 ls9 ws1 gs3f9\">\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 fc3 sc0 ls57 ws46 gs3fa\">\u00a32.7m).<span class=\"_ _2af\"> </span></div>2.9.3 Reconciliation of net cash flow to movement in net debt<span class=\"_ _2af\"> </span><table class=\"s w196 h8b\" 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 x54d h3b y3689 ff7c fs8 fc3 sc0 ls58 ws47\">Total </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x7e7 h3b y368a ff7c fs8 fc3 sc0 ls58 ws47\">Net debt at </td><td class=\"c x7fa y368b w197 h78\"><div class=\"t m0 x27a h3b y35b3 ff7c fs8 fc3 sc0 ls58 ws47\">Cash flow<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"t m0 x7fb h3b y368c ff7c fs8 fc3 sc0 ls58 ws47\">Change in </td><td></td><td class=\"t m0 x531 h3b y368c ff7c fs8 fc3 sc0 ls58 ws47\">New </td><td class=\"t m0 x7fc h3b y368c ff7c fs8 fc3 sc0 ls58 ws47\">Lease </td><td class=\"t m0 x534 h3b y368c ff7c fs8 fc3 sc0 ls58 ws47\">Lease </td><td class=\"t m0 x535 h3b y368c ff7c fs8 fc3 sc0 ls58 ws47\">Exchange </td><td class=\"t m0 x7fd h3b y368c ff7c fs8 fc3 sc0 ls58 ws47\">Non-cash </td><td class=\"t m0 x7fe h3b y368a ff7c fs8 fc3 sc0 ls58 ws47\">Net debt at </td></tr><tr><td></td><td></td><td class=\"t m0 x4a7 h3b y368d ff7c fs8 fc3 sc0 ls58 ws47\">1 January </td><td class=\"c x7ff y368e w167 h78\"><div class=\"t m0 x27a h3b y35b3 ff7c fs8 fc3 sc0 ls58 ws47\">movements</div></td><td class=\"t m0 x800 h3b y368f ff7c fs8 fc3 sc0 ls58 ws47\">Amortisation </td><td class=\"t m0 x801 h3b y368f ff7c fs8 fc3 sc0 ls58 ws47\">fair value </td><td class=\"t m0 x323 h3b y368f ff7c fs8 fc3 sc0 ls58 ws47\">Interest </td><td class=\"t m0 x802 h3b y368f ff7c fs8 fc3 sc0 ls58 ws47\">leases </td><td class=\"t m0 x803 h3b y368f ff7c fs8 fc3 sc0 ls58 ws47\">terminations </td><td class=\"t m0 x804 h3b y368f ff7c fs8 fc3 sc0 ls58 ws47\">modifications </td><td class=\"t m0 x327 h3b y368f ff7c fs8 fc3 sc0 ls58 ws47\">movements </td><td class=\"t m0 x541 h3b y368f ff7c fs8 fc3 sc0 ls58 ws47\">movement </td><td class=\"t m0 x805 h3b y368d ff7c fs8 fc3 sc0 ls58 ws47\">31 December </td></tr><tr><td class=\"t m0 x295 h39 y3690 ff7c fs5 fc3 sc0 ls57 ws46\">Year ended 31<span class=\"_ gs15\"> </span>December 2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x806 h3a y3691 ff7d fs8 fc3 sc0 ls58 ws47\">Note<span class=\"_ _2af\"> </span></td><td class=\"t m0 x807 h3b y3691 ff7c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"c x808 y3692 w149 h78\"><div class=\"t m0 x27a h3b y35b3 ff7c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 x809 h3b y3691 ff7c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x727 h3b y3691 ff7c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x32a h3b y3691 ff7c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x80a h3b y3691 ff7c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x80b h3b y3691 ff7c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x54a h3b y3691 ff7c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x80c h3b y3691 ff7c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x80d h3b y3691 ff7c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x80e h3b y3691 ff7c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3693 w198 h5c\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">Cash, cash equivalents and overdrafts<span class=\"_ _2af\"> </span></div></td><td class=\"c n x80f y3693 w56 h5c\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">4.5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x810 y3693 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">177.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x811 y3693 wc1 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(106.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x812 y3693 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x813 y3693 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x814 y3693 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x815 y3693 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x816 y3693 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x817 y3693 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x818 y3693 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(2.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x819 y3693 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(2.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x81a y3693 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">67.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3694 w199 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x81b y3694 w30 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(289.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x81c y3694 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">17.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x81d y3694 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x81e y3694 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">3.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x81f y3694 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x820 y3694 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x821 y3694 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x822 y3694 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x823 y3694 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">1.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x824 y3694 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">5.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x825 y3694 w31 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(267.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3695 w19a h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">Unamortised transaction costs on debt issuance<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x826 y3695 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">4.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x827 y3695 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x828 y3695 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(4.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x829 y3695 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x82a y3695 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x82b y3695 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x82c y3695 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x82d y3695 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x82e y3695 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x82f y3695 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(4.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x830 y3695 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3567 w19b h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">Carrying value of private placement loan notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n x831 y3567 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x832 y3567 wc1 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(285.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x833 y3567 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">22.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x834 y3567 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(4.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x835 y3567 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">3.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x836 y3567 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x837 y3567 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x838 y3567 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x839 y3567 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x83a y3567 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">1.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x83b y3567 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x83c y3567 w31 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(262.5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35fa w19c h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n x83d y35fa w37 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x83e y35fa w3d h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">24.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x83f y35fa wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(6.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x840 y35fa w72 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x841 y35fa w43 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(4.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x842 y35fa w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x843 y35fa w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x844 y35fa w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x845 y35fa w8c h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x846 y35fa w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x847 y35fa w43 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(4.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x848 y35fa w3d h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">13.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35fb w19d h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">Fair value of private placement loan notes<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x849 y35fb w30 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(260.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x84a y35fb w5d h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">16.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x84b y35fb wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(4.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x84c y35fb wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x84d y35fb w8c h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x84e y35fb w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x84f y35fb w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x850 y35fb w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x851 y35fb w37 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">1.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x852 y35fb w43 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(4.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x853 y35fb w30 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(248.9)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356a w19e h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">Other finance<span class=\"_ _2af\"> </span></div></td><td class=\"c n x854 y356a w62 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x855 y356a wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x856 y356a w62 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x857 y356a w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x858 y356a w72 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x859 y356a w8c h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x85a y356a w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x85b y356a w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x85c y356a w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x85d y356a w37 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x85e y356a w26 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x85f y356a w3a h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b0 w74 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n x860 y35b0 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">4.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x81b y35b0 w30 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(397.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x81c y35b0 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">81.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x81d y35b0 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x861 y35b0 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x862 y35b0 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(22.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x863 y35b0 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(17.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x864 y35b0 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">2.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x865 y35b0 wd7 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(11.<span class=\"_ _2b\"></span>9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x866 y35b0 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">1.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x867 y35b0 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(47.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x868 y35b0 w30 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(363.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3696 w19f h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls9 ws1\">Total net liabilities from financing activities<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x869 y3696 w30 h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls57 ws46\">(658.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x86a y3696 w5d h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls57 ws46\">97.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x86b y3696 wa8 h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls9 ws1\">(4.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x86c y3696 wa8 h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x86d y3696 w34 h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls57 ws46\">(22.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x86e y3696 wd7 h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls57 ws46\">(<span class=\"_ _2b\"></span>17.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x86f y3696 w37 h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls57 ws46\">2.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x870 y3696 wbc h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls57 ws46\">(11.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x871 y3696 w26 h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls57 ws46\">2.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x872 y3696 wd7 h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls57 ws46\">(<span class=\"_ _2b\"></span>51.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x873 y3696 w31 h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls57 ws46\">(612.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3560 w1a0 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">Deferred consideration payable<span class=\"_ _2af\"> </span></div></td><td class=\"c n x874 y3560 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x875 y3560 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x876 y3560 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x877 y3560 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x878 y3560 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x879 y3560 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x87a y3560 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x87b y3560 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x87c y3560 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x87d y3560 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x87e y3560 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x87f y3560 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w1a1 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">Net debt<span class=\"_ _2af\"> </span></div></td><td class=\"c n x880 y3455 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">4.1.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x81b y3455 w30 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(482.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x881 y3455 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(9.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x882 y3455 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(4.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x883 y3455 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x862 y3455 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(22.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x863 y3455 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(17.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x884 y3455 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">2.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x885 y3455 wd7 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(11.<span class=\"_ _2b\"></span>9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x886 y3455 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x887 y3455 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(54.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x888 y3455 w30 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(545.5)<span class=\"_ _2af\"> </span></div></td></tr></table><table class=\"s w1a2 h8c\" 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 x32f h3a y3697 ff7d fs8 fc3 sc0 ls58 ws47\">Total </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x889 h3a y3698 ff7d fs8 fc3 sc0 ls58 ws47\">Net debt at </td><td class=\"t m0 x88a h3a y3699 ff7d fs8 fc3 sc0 ls58 ws47\">Cash flow </td><td></td><td class=\"t m0 x801 h3a y3699 ff7d fs8 fc3 sc0 ls58 ws47\">Change in </td><td></td><td class=\"t m0 x32b h3a y3699 ff7d fs8 fc3 sc0 ls9 ws1\">New </td><td class=\"t m0 x325 h3a y3699 ff7d fs8 fc3 sc0 ls58 ws47\">Lease </td><td class=\"t m0 x88b h3a y3699 ff7d fs8 fc3 sc0 ls58 ws47\">Lease </td><td class=\"t m0 x88c h3a y3699 ff7d fs8 fc3 sc0 ls58 ws47\">Exchange </td><td class=\"t m0 x88d h3a y3699 ff7d fs8 fc3 sc0 ls58 ws47\">Non-cash </td><td class=\"t m0 x88e h3a y3698 ff7d fs8 fc3 sc0 ls58 ws47\">Net debt at </td></tr><tr><td></td><td></td><td class=\"t m0 x4bd h3a y369a ff7d fs8 fc3 sc0 ls58 ws47\">1 January </td><td class=\"t m0 x88f h3a y369a ff7d fs8 fc3 sc0 ls58 ws47\">movements </td><td class=\"t m0 x890 h3a y369a ff7d fs8 fc3 sc0 ls58 ws47\">Amortisation </td><td class=\"t m0 x891 h3a y369a ff7d fs8 fc3 sc0 ls58 ws47\">fair value </td><td class=\"t m0 x892 h3a y369a ff7d fs8 fc3 sc0 ls58 ws47\">Interest </td><td class=\"t m0 x802 h3a y369a ff7d fs8 fc3 sc0 ls58 ws47\">Leases </td><td class=\"t m0 x893 h3a y369a ff7d fs8 fc3 sc0 ls58 ws47\">terminations </td><td class=\"t m0 x894 h3a y369a ff7d fs8 fc3 sc0 ls58 ws47\">modifications </td><td class=\"t m0 x895 h3a y369a ff7d fs8 fc3 sc0 ls58 ws47\">movements </td><td class=\"t m0 x7fd h3a y369a ff7d fs8 fc3 sc0 ls58 ws47\">movement </td><td class=\"t m0 x542 h3a y369a ff7d fs8 fc3 sc0 ls58 ws47\">31 December </td></tr><tr><td class=\"t m0 x295 h38 y369b ff7d fs5 fc3 sc0 ls57 ws46\">Year ended 31<span class=\"_ gs15\"> </span>December 2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5e1 h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">Note<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6c4 h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x896 h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x321 h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x897 h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x898 h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x899 h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x53d h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x89a h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x89b h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x275 h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x89c h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y369d w198 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">Cash, cash equivalents and overdrafts<span class=\"_ _2af\"> </span></div></td><td class=\"c n x89d y369d w56 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">4.5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x89e y369d w5e h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">101.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x89f y369d w5d h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">75.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8a0 y369d w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8a1 y369d w72 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8a2 y369d w8c h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8a3 y369d w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8a4 y369d w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8a5 y369d w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8a6 y369d w37 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">0.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8a7 y369d w26 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">0.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8a8 y369d w3b h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">177.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y369e w199 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x8a9 y369e wc1 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">(513.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8aa y369e w5e h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">236.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ab y369e w72 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ac y369e wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">(6.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ad y369e w8c h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ae y369e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8af y369e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b0 y369e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b1 y369e w3a h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">(6.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b2 y369e wbc h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">(12.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b3 y369e w31 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">(289.5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y369f w1a3 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">Unamortised discount on debt issuance<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x8b4 y369f wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">(2.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b5 y369f w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b6 y369f w37 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">2.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b7 y369f w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b8 y369f w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b9 y369f w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ba y369f w8c h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8bb y369f w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8bc y369f w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8bd y369f w37 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">2.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8be y369f w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36a0 w19a h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">Unamortised transaction costs on debt issuance<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x8bf y36a0 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">2.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8c0 y36a0 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8c1 y36a0 wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(3.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8c2 y36a0 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8c3 y36a0 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8c4 y36a0 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8c5 y36a0 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8c6 y36a0 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8c7 y36a0 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8c8 y36a0 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(3.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8c9 y36a0 w26 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">4.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3695 w19b h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">Carrying value of private placement loan notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ca y3695 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8cb y3695 wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(512.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8cc y3695 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">242.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8cd y3695 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(1.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ce y3695 wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(6.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8cf y3695 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8d0 y3695 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8d1 y3695 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8d2 y3695 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8d3 y3695 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(6.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8d4 y3695 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(14.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8d5 y3695 w1a4 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(285.<span class=\"_ _2b\"></span>5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3567 w19c h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8d6 y3567 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8d7 y3567 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">28.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8d8 y3567 wa0 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(10.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8d9 y3567 w72 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8da y3567 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">6.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8db y3567 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8dc y3567 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8dd y3567 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8de y3567 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8df y3567 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8e0 y3567 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">6.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8e1 y3567 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">24.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36a1 w19d h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">Fair value of private placement loan notes<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x4d1 y36a1 wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(484.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8e2 y36a1 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">231.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8e3 y36a1 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(1.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8e4 y36a1 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8e5 y36a1 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8e6 y36a1 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8e7 y36a1 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8e8 y36a1 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8e9 y36a1 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(6.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ea y36a1 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(7.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8eb y36a1 w31 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(260.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3569 w19e h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">Other finance<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ec y3569 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ed y3569 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(1.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ee y3569 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">0.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ef y3569 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8f0 y3569 w72 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8f1 y3569 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8f2 y3569 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8f3 y3569 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8f4 y3569 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8f5 y3569 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8f6 y3569 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8f7 y3569 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356a w1a5 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">Credit facilities<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x8f8 y356a w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(46.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8f9 y356a w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">46.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8fa y356a w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8fb y356a w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8fc y356a w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8fd y356a w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8fe y356a w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ff y356a w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x900 y356a w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x901 y356a w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x902 y356a w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b0 w74 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ec y35b0 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">4.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x903 y35b0 wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(448.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x904 y35b0 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">84.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x905 y35b0 w72 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x906 y35b0 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x907 y35b0 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(22.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x908 y35b0 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(15.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x909 y35b0 w26 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">6.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x90a y35b0 w3a h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(0.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b1 y35b0 w3a h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(1.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b2 y35b0 wbc h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(33.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b3 y35b0 w31 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(397.5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b1 w1a6 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">Total net liabilities from financing activities<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x90b y35b1 wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(980.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x90c y35b1 w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">362.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x90d y35b1 wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(1.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x90e y35b1 w72 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x90f y35b1 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(22.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x910 y35b1 wd7 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(15.<span class=\"_ _2b\"></span>3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x911 y35b1 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">6.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x912 y35b1 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(0.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x913 y35b1 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(7.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x914 y35b1 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(41.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x915 y35b1 w30 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(658.9)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b2 w1a0 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">Deferred consideration payable<span class=\"_ _2af\"> </span></div></td><td class=\"c n x916 y35b2 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x917 y35b2 wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x918 y35b2 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x919 y35b2 w72 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x91a y35b2 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x91b y35b2 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x91c y35b2 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x91d y35b2 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x91e y35b2 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x91f y35b2 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x920 y35b2 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x921 y35b2 w3a h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w1a7 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">Net debt<span class=\"_ _2af\"> </span></div></td><td class=\"c n x922 y3455 w56 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">4.1.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x923 y3455 wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(879.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x924 y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">438.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x925 y3455 wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(1.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x926 y3455 w72 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x927 y3455 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(22.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x928 y3455 wd7 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(<span class=\"_ _2b\"></span>15.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x929 y3455 w26 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">6.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x92a y3455 w3a h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(0.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x92b y3455 w3a h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(7.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x92c y3455 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(40.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x92d y3455 w31 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(482.4)<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w253 hb0\" id=\"_ef2bd5bc-c412-4fc5-af32-10864897b22e\"><tr><td></td><td class=\"t m0 x2fc h3b y3871 ffb5 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 xdc7 h3a y3871 ffb6 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2ff h3b y3872 ffb5 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y3872 ffb6 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y358d w254 h5e\"><div class=\"t m0 x27a h38 y3453 ffb6 fs5 fc3 sc0 ls57 ws46\">Cash and cash equivalents<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc8 y358d w3b h5f\"><div class=\"t m0 x27a h38 y3453 ffb5 fs5 fc3 sc0 ls57 ws46\">155.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc9 y358d w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb6 fs5 fc3 sc0 ls57 ws46\">396.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3873 w6e h5e\"><div class=\"t m0 x27a h38 y3453 ffb6 fs5 fc3 sc0 ls9 ws1\">Overdrafts<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcc4 y3873 wbc h5f\"><div class=\"t m0 x27a h38 y3453 ffb5 fs5 fc3 sc0 ls57 ws46\">(95.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x73c y3873 w31 h5e\"><div class=\"t m0 x27a h38 y3453 ffb6 fs5 fc3 sc0 ls57 ws46\">(219.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x98b y3874 w3f h5f\"><div class=\"t m0 x27a h38 y3453 ffb5 fs5 fc3 sc0 ls57 ws46\">60.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdca y3874 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ffb6 fs5 fc3 sc0 ls57 ws46\">177.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y3875 ffb6 fs5 fc3 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 x27b y35b2 w255 h5e\"><div class=\"t m0 x27a h38 y3453 ffb6 fs5 fc3 sc0 ls9 ws1\">held for sale<span class=\"_ _2af\"> </span></div></td><td class=\"c n x3ea y35b2 w26 h5f\"><div class=\"t m0 x27a h38 y3453 ffb5 fs5 fc3 sc0 ls57 ws46\">7.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdcb y35b2 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffb6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w256 h5f\"><div class=\"t m0 x27a h38 y3453 ffb5 fs5 fc3 sc0 ls57 ws46\">Total cash, cash equivalents and overdrafts<span class=\"_ _2af\"> </span></div></td><td class=\"c n x986 y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffb5 fs5 fc3 sc0 ls57 ws46\">67.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x743 y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb6 fs5 fc3 sc0 ls57 ws46\">177.2<span class=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </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=\"_ _2af\"> </span><div class=\"t m0 h39 ff78 fs5 fc1 sc0 ls57 ws46 gs3cc\">2.9.1 Additional cash flow <span class=\"ls9 ws1\">information<span class=\"_ _2af\"> </span></span></div><div class=\"gs3cd\"><table class=\"s w17f h87\" id=\"_c3df33ea-fa9b-4272-a384-a9b7ba533071\"><tr><td></td><td></td><td></td><td class=\"c n x75c y364b wdd h78\"><div class=\"t m0 x27a h3a y3517 ff78 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x75d y364b wdd h79\"><div class=\"t m0 x27a h3a y3517 ff79 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x5e2 h3b y364c ff78 fs8 fc3 sc0 ls58 ws47\">Excluding </td><td></td><td class=\"t m0 x321 h3a y364c ff79 fs8 fc3 sc0 ls9 ws1\">Excluding </td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x66a h3b y364d ff78 fs8 fc3 sc0 ls58 ws47\">business </td><td></td><td class=\"t m0 x75e h3a y364d ff79 fs8 fc3 sc0 ls58 ws47\">business </td></tr><tr><td></td><td></td><td class=\"c x75f y364e w180 h6f\"><div class=\"t m0 x27a h3b y3608 ff78 fs8 fc3 sc0 ls58 ws47\">Reported<span class=\"_ _2af\"> </span></div></td><td class=\"c x761 y3650 w181 h88\"><div class=\"t m0 x27a h3b y3608 ff78 fs8 fc3 sc0 ls58 ws47\">exits<span class=\"_ _2af\"> </span></div><div class=\"t m0 x760 h4a y364f ff78 fs1e fc3 sc0 ls5c ws4b\">1,2<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 x5d7 h3a y3651 ff79 fs8 fc3 sc0 ls58 ws47\">Reported </td><td class=\"t m0 x331 h3a y3651 ff79 fs8 fc3 sc0 ls58 ws47\">exits<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x762 h3a y3652 ff79 fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"c x763 y3653 w149 h6f\"><div class=\"t m0 x27a h3b y3608 ff78 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 x764 h3b y3652 ff78 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x442 h3a y3652 ff79 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3652 ff79 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y3654 ff78 fs5 fc3 sc0 ls9 ws1\">Cash flows from operating activities:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y3655 w182 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">Reported operating loss<span class=\"_ _2af\"> </span></div></td><td class=\"c n x765 y3655 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x766 y3655 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(52.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x767 y3655 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(52.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x768 y3655 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(79.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x769 y3655 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(79.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3656 w8f h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls9 ws1\">Less: business exit operating loss/(profit)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x76a y3656 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">2.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x76b y3656 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x76c y3656 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">36.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x76d y3656 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x76e y3656 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(16.5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3657 w183 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">Total operating loss<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x76f y3657 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(52.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x770 y3657 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(15.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x771 y3657 wa0 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(79.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x772 y3657 wa0 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(96.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y3658 ff78 fs5 fc3 sc0 ls57 ws46\">Adjustments for non-cash items:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x295 h38 y3659 ff79 fs5 fc3 sc0 ls9 ws1\">Depreciation<span class=\"_ _2af\"> </span></td><td class=\"t m0 x773 h38 y365a ff79 fs5 fc3 sc0 ls57 ws46\">3.2<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c n x774 y365b w62 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">3.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x775 y365b w3d h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">79.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x776 y365b w3d h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">78.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x777 y365b w5d h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">96.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x778 y365b w5d h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">93.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y365c web h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls9 ws1\">Amortisation of intangible assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x779 y365c w37 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x77a y365c w3d h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">29.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x77b y365c w3d h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">26.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x77c y365c w5d h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">41.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x77d y365c w3d h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">30.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y365d w184 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">Share-based payment expense<span class=\"_ _2af\"> </span></div></td><td class=\"c n x77e y365d w62 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x77f y365d w62 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">5.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x780 y365d w37 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">5.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x781 y365d w62 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x782 y365d w62 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y365e w67 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">Employee benefits<span class=\"_ _2af\"> </span></div></td><td class=\"c n x783 y365e w62 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x784 y365e w62 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">7.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x785 y365e w62 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">7.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x786 y365e w62 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">9.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2e1 y365e w37 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">9.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c x27b y365f w185 h67\"><div class=\"t m0 x27a h38 y34cf ff79 fs5 fc3 sc0 ls57 ws46\">Loss on sale of property, plant and equipment and<span class=\"_ _2af\"> </span></div><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">intangible assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x765 y365f w62 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x787 y365f w37 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x788 y365f w62 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x789 y365f w62 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">3.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x78a y365f w62 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">3.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3660 w186 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls9 ws1\">Amendments and early terminations of leases<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x78b y3660 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">3.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x78c y3660 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">3.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x78d y3660 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls9 ws1\">(4.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x78e y3660 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls9 ws1\">(4.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3661 w187 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls9 ws1\">Impairment of assets held for sale<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x78f y3661 w3d h64\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">18.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x790 y3661 w36 h64\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x791 y3661 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x792 y3661 w72 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3662 w188 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls9 ws1\">Impairment of non-current assets<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x793 y3662 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">69.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x794 y3662 w5d h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">62.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x795 y3662 w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">176.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b0 y3662 w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">176.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y3663 ff78 fs5 fc3 sc0 ls57 ws46\">Other adjustments:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y3636 w189 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls9 ws1\">Movement in provisions<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x796 y3636 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">23.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x797 y3636 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">15.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x798 y3636 wa0 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(42.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x799 y3636 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(48.5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3637 wc5 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls9 ws1\">Pension deficit contributions<span class=\"_ _2af\"> </span></div></td><td class=\"c n x79a y3637 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x79b y3637 w34 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">(46.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x79c y3637 wa0 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">(30.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x79d y3637 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(38.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x79e y3637 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(30.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3664 w18a h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls9 ws1\">Other contributions into pension schemes<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x79f y3664 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls9 ws1\">(9.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7a0 y3664 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls9 ws1\">(9.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7a1 y3664 wa0 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(10.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7a2 y3664 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(10.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y3665 ff78 fs5 fc3 sc0 ls57 ws46\">Movements in working capital:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y3666 w68 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">Trade and other receivables<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x7a3 y3666 wd7 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">(30.<span class=\"_ _2b\"></span>1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7a4 y3666 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls9 ws1\">(5.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7a5 y3666 wa0 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(41.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7a6 y3666 w5d h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">37.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3667 w18b h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls9 ws1\">Non-recourse trade receivables financing<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x7a7 y3667 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls9 ws1\">(9.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7a8 y3667 w43 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls9 ws1\">(9.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7a9 y3667 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">28.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7aa y3667 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">28.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3668 w6f h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">Trade and other payables<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x7ab y3668 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls9 ws1\">(8.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7ac y3668 wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls9 ws1\">(6.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7ad y3668 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">84.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7ae y3668 w5d h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">20.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3669 w18c h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls9 ws1\">VAT deferral<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x7af y3669 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7b0 y3669 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x79d y3669 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(14.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x79e y3669 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(14.9)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y366a w73 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls9 ws1\">Deferred income<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x7b1 y366a w34 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">(77.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7b2 y366a w34 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">(81.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7b3 y366a wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(116.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7b4 y366a wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(122.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y366b wcc h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls9 ws1\">Contract fulfilment assets (non-current)<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x7b5 y366b w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">5.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7b6 y366b w72 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7b7 y366b w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">18.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7b8 y366b w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">20.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y348b w9c h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">Cash generated from operations<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x7b9 y348b w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">8.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7ba y348b w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">41.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x483 y348b w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">117.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4f0 y348b w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">98.4<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h43 ff79 fs1e fc3 sc0 ls5c ws4b gs3ce\">1,2 </div>2<span class=\"_ _2af\"> </span><table class=\"s w78 h89\" id=\"_e3329b45-1a56-4e9a-ac0d-5fcd8cad968b\"><tr><td></td><td></td><td></td><td class=\"c n x7bb y366c wdd h78\"><div class=\"t m0 x27a h3a y3517 ff78 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x7bc y366c wdd h79\"><div class=\"t m0 x27a h3a y3517 ff79 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x7bd h3b y366d ff78 fs8 fc3 sc0 ls58 ws47\">Excluding </td><td></td><td class=\"t m0 x7be h3a y366d ff79 fs8 fc3 sc0 ls9 ws1\">Excluding </td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x7bf h3b y366e ff78 fs8 fc3 sc0 ls58 ws47\">business </td><td></td><td class=\"t m0 x451 h3a y366e ff79 fs8 fc3 sc0 ls58 ws47\">business </td></tr><tr><td></td><td></td><td class=\"c x497 y366f w15 h4c\"><div class=\"t m0 x222 h3b y293c ff78 fs8 fc3 sc0 ls58 ws47\">Reported </div></td><td class=\"c x611 y3670 w18d h88\"><div class=\"t m0 x27a h3b y3608 ff78 fs8 fc3 sc0 ls58 ws47\">exits</div><div class=\"t m0 x7c0 h4a y364f ff78 fs1e fc3 sc0 ls5c ws4b\">1,2<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 x7c1 h3a y3671 ff79 fs8 fc3 sc0 ls58 ws47\">Reported </td><td class=\"t m0 x7c2 h3a y3671 ff79 fs8 fc3 sc0 ls58 ws47\">exits<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x7c3 h3a y3672 ff79 fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7c4 h3b y3672 ff78 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x455 h3b y3672 ff78 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x456 h3a y3672 ff79 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y3672 ff79 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y3673 ff78 fs5 fc3 sc0 ls9 ws1\">Adjustments for free cash flows:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y3674 w9d h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls9 ws1\">Income tax paid<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x7c5 y3674 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls9 ws1\">(7.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7c6 y3674 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls9 ws1\">(3.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7c7 y3674 w43 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls9 ws1\">(7.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7c8 y3674 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(10.9)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3675 w18e h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls9 ws1\">Interest received<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x787 y3675 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">6.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x788 y3675 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">6.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7c9 y3675 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">5.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x78a y3675 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">5.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3676 w18f h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls9 ws1\">Interest paid<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x7ca y3676 wd7 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(<span class=\"_ _2b\"></span>47.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7cb y3676 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(47.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7cc y3676 wbc h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(43.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7cd y3676 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(41.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3677 w190 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls9 ws1\">Net cash (outflow)/inflow from operating activities<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x7ce y3677 wbc h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(40.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7cf y3677 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls9 ws1\">(3.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7d0 y3677 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">71.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7d1 y3677 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">50.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3678 wa2 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">Purchase of property, plant and equipment<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7d2 y3678 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">3.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7d3 y3678 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(28.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7d4 y3678 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(27.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7d5 y3678 wbc h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(20.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x736 y3678 wd7 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(<span class=\"_ _2b\"></span>11.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3679 w191 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls9 ws1\">Purchase of intangible assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7d6 y3679 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7d7 y3679 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(32.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7d8 y3679 wbc h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(31.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x771 y3679 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(27.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7d9 y3679 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(27.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y367a ff79 fs5 fc3 sc0 ls9 ws1\">Proceeds from sale of property, plant and equipment </td><td></td><td class=\"c n x7da y367b w26 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7db y367b w37 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7dc y367b w37 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7dd y367b w26 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y367c ff79 fs5 fc3 sc0 ls57 ws46\">and intangible assets<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x301 h38 y367d ff79 fs5 fc3 sc0 ls9 ws1\">Capital element of lease rental receipts<span class=\"_ _2af\"> </span></td><td></td><td class=\"c n x7da y367e w26 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">6.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7db y367e w37 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">6.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7dc y367e w37 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">5.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7dd y367e w26 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">5.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y367f ff79 fs5 fc3 sc0 ls9 ws1\">Capital element of lease rental payments<span class=\"_ _2af\"> </span></td><td></td><td class=\"c n x7de y3680 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(59.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7df y3680 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff78 fs5 fc3 sc0 ls57 ws46\">(58.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7e0 y3680 w109 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(61.<span class=\"_ _2b\"></span>8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7e1 y3680 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff79 fs5 fc3 sc0 ls57 ws46\">(61.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y3681 ff78 fs5 fc3 sc0 ls57 ws46\">Free cash flow<span class=\"_ _2af\"> </span></td><td></td><td class=\"c n x7e2 y348b w31 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">(154.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7e3 y348b w30 h5f\"><div class=\"t m0 x27a h38 y3453 ff78 fs5 fc3 sc0 ls57 ws46\">(115.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7e4 y348b w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(31.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7e5 y348b wbc h5e\"><div class=\"t m0 x27a h38 y3453 ff79 fs5 fc3 sc0 ls57 ws46\">(42.4)<span class=\"_ _2af\"> </span></div></td></tr></table>1,2<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>2.<span class=\"_ _9\"> </span>From 1<span class=\"_ gs23c\"> </span>January 2023 free cash flow and free cash flow excluding business exits are presented after deducting the capital element of lease<span class=\"_ _2af\"> </span>payments and receipts. Comparative amounts have been re-presented. Refer to note 2.9.2.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span></span>business exits, and cash generated from operations excluding busin<span class=\"_ _1\"></span>ess exits.<span class=\"_ _2af\"> </span>Cost reduction programme:<span class=\"ff79 ls9 ws1\"> In relation to the implementation of the cost reduction programme detailed in<span class=\"_ _2af\"> </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=\"_ _2af\"> </span></span>cash flow excluding business exits, and cash generated from ope<span class=\"_ _1\"></span>rations excluding business exits. A further<span class=\"_ _2af\"> </span>outflow of approximately \u00a3<span class=\"ls57 ws46\">21m associated with the programme announced in November 2023 is expected<span class=\"_ _2af\"> </span></span>in 2024.<span class=\"_ _2af\"> </span>2.9.2 Free cash flow and cash generated from operations (alternative performance measures - refer to section 8.2)<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></span>ons and available to fund operations, capital expenditure, non-lease debt obligations, and potent<span class=\"_ _2b\"></span>ial shareholder distributions. <span class=\"ls57 ws46\">Comparative amounts have been re-presented.<span class=\"_ _2af\"> </span></span>These measures are analysed below:<span class=\"_ _2af\"> </span><table class=\"s w192 h8a\" id=\"_605096f5-9e52-4aaf-979f-125599c50e5e\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x7e6 h3b y3682 ff7a fs8 fc3 sc0 ls58 ws47\">Cash generated/(used) by </td></tr><tr><td></td><td></td><td class=\"t m0 x7e7 h3b y3683 ff7a fs8 fc3 sc0 ls58 ws47\">Free cash flow<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 x7e8 h3b y3683 ff7a fs8 fc3 sc0 ls58 ws47\">operations<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x762 h3b y3684 ff7a fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x7e9 h3a y3685 ff7b fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x3c8 h3b y3684 ff7a fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2c3 h3a y3685 ff7b fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x773 h3b y3686 ff7a fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5de h3a y3686 ff7b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3b y3686 ff7a fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3686 ff7b fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3687 w193 h5b\"><div class=\"t m0 x27a h38 y343e ff7a fs5 fc3 sc0 ls57 ws46\">Reported (including business exits)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7ea y3687 wc1 h5b\"><div class=\"t m0 x27a h38 y343e ff7a fs5 fc3 sc0 ls57 ws46\">(154.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7eb y3687 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff7b fs5 fc3 sc0 ls57 ws46\">(31.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7ec y3687 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff7a fs5 fc3 sc0 ls57 ws46\">8.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7ed y3687 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff7b fs5 fc3 sc0 ls57 ws46\">117.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3688 wc6 h5d\"><div class=\"t m0 x27a h38 y343e ff7b fs5 fc3 sc0 ls9 ws1\">Business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7ee y3688 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff7a fs5 fc3 sc0 ls57 ws46\">23.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7ef y3688 wa0 h5d\"><div class=\"t m0 x27a h38 y343e ff7b fs5 fc3 sc0 ls57 ws46\">(19.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7f0 y3688 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff7a fs5 fc3 sc0 ls57 ws46\">16.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7f1 y3688 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff7b fs5 fc3 sc0 ls57 ws46\">(28.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c x427 y35b2 w194 h66\"><div class=\"t m0 x27a h38 y34cd ff7b fs5 fc3 sc0 ls9 ws1\">Pension deficit contributions triggered by<span class=\"_ _2af\"> </span></div><div class=\"t m0 x27a h38 y343e ff7b fs5 fc3 sc0 ls57 ws46\">disposals<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7f2 y35b2 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff7a fs5 fc3 sc0 ls57 ws46\">16.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7f3 y35b2 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff7b fs5 fc3 sc0 ls57 ws46\">8.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7f4 y35b2 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff7a fs5 fc3 sc0 ls57 ws46\">16.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7f5 y35b2 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff7b fs5 fc3 sc0 ls57 ws46\">8.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w195 h5b\"><div class=\"t m0 x27a h38 y343e ff7a fs5 fc3 sc0 ls57 ws46\">Excluding business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7f6 y3455 wc1 h5b\"><div class=\"t m0 x27a h38 y343e ff7a fs5 fc3 sc0 ls57 ws46\">(115.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7f7 y3455 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff7b fs5 fc3 sc0 ls57 ws46\">(42.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7f8 y3455 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff7a fs5 fc3 sc0 ls57 ws46\">41.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7f9 y3455 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff7b fs5 fc3 sc0 ls57 ws46\">98.4<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </span><div class=\"t m0 h39 ff7c fs5 fc1 sc0 ls57 ws46 gs3fc\">2.9.3 Reconciliation of net cash flow to movement in net debt<span class=\"_ _2af\"> </span></div><div class=\"gs3fd\"><table class=\"s w196 h8b\" 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 x54d h3b y3689 ff7c fs8 fc3 sc0 ls58 ws47\">Total </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x7e7 h3b y368a ff7c fs8 fc3 sc0 ls58 ws47\">Net debt at </td><td class=\"c x7fa y368b w197 h78\"><div class=\"t m0 x27a h3b y35b3 ff7c fs8 fc3 sc0 ls58 ws47\">Cash flow<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"t m0 x7fb h3b y368c ff7c fs8 fc3 sc0 ls58 ws47\">Change in </td><td></td><td class=\"t m0 x531 h3b y368c ff7c fs8 fc3 sc0 ls58 ws47\">New </td><td class=\"t m0 x7fc h3b y368c ff7c fs8 fc3 sc0 ls58 ws47\">Lease </td><td class=\"t m0 x534 h3b y368c ff7c fs8 fc3 sc0 ls58 ws47\">Lease </td><td class=\"t m0 x535 h3b y368c ff7c fs8 fc3 sc0 ls58 ws47\">Exchange </td><td class=\"t m0 x7fd h3b y368c ff7c fs8 fc3 sc0 ls58 ws47\">Non-cash </td><td class=\"t m0 x7fe h3b y368a ff7c fs8 fc3 sc0 ls58 ws47\">Net debt at </td></tr><tr><td></td><td></td><td class=\"t m0 x4a7 h3b y368d ff7c fs8 fc3 sc0 ls58 ws47\">1 January </td><td class=\"c x7ff y368e w167 h78\"><div class=\"t m0 x27a h3b y35b3 ff7c fs8 fc3 sc0 ls58 ws47\">movements</div></td><td class=\"t m0 x800 h3b y368f ff7c fs8 fc3 sc0 ls58 ws47\">Amortisation </td><td class=\"t m0 x801 h3b y368f ff7c fs8 fc3 sc0 ls58 ws47\">fair value </td><td class=\"t m0 x323 h3b y368f ff7c fs8 fc3 sc0 ls58 ws47\">Interest </td><td class=\"t m0 x802 h3b y368f ff7c fs8 fc3 sc0 ls58 ws47\">leases </td><td class=\"t m0 x803 h3b y368f ff7c fs8 fc3 sc0 ls58 ws47\">terminations </td><td class=\"t m0 x804 h3b y368f ff7c fs8 fc3 sc0 ls58 ws47\">modifications </td><td class=\"t m0 x327 h3b y368f ff7c fs8 fc3 sc0 ls58 ws47\">movements </td><td class=\"t m0 x541 h3b y368f ff7c fs8 fc3 sc0 ls58 ws47\">movement </td><td class=\"t m0 x805 h3b y368d ff7c fs8 fc3 sc0 ls58 ws47\">31 December </td></tr><tr><td class=\"t m0 x295 h39 y3690 ff7c fs5 fc3 sc0 ls57 ws46\">Year ended 31<span class=\"_ gs15\"> </span>December 2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x806 h3a y3691 ff7d fs8 fc3 sc0 ls58 ws47\">Note<span class=\"_ _2af\"> </span></td><td class=\"t m0 x807 h3b y3691 ff7c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"c x808 y3692 w149 h78\"><div class=\"t m0 x27a h3b y35b3 ff7c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 x809 h3b y3691 ff7c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x727 h3b y3691 ff7c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x32a h3b y3691 ff7c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x80a h3b y3691 ff7c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x80b h3b y3691 ff7c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x54a h3b y3691 ff7c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x80c h3b y3691 ff7c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x80d h3b y3691 ff7c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x80e h3b y3691 ff7c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3693 w198 h5c\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">Cash, cash equivalents and overdrafts<span class=\"_ _2af\"> </span></div></td><td class=\"c n x80f y3693 w56 h5c\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">4.5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x810 y3693 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">177.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x811 y3693 wc1 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(106.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x812 y3693 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x813 y3693 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x814 y3693 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x815 y3693 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x816 y3693 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x817 y3693 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x818 y3693 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(2.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x819 y3693 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(2.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x81a y3693 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">67.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3694 w199 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x81b y3694 w30 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(289.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x81c y3694 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">17.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x81d y3694 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x81e y3694 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">3.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x81f y3694 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x820 y3694 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x821 y3694 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x822 y3694 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x823 y3694 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">1.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x824 y3694 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">5.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x825 y3694 w31 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(267.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3695 w19a h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">Unamortised transaction costs on debt issuance<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x826 y3695 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">4.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x827 y3695 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x828 y3695 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(4.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x829 y3695 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x82a y3695 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x82b y3695 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x82c y3695 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x82d y3695 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x82e y3695 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x82f y3695 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(4.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x830 y3695 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3567 w19b h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">Carrying value of private placement loan notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n x831 y3567 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x832 y3567 wc1 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(285.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x833 y3567 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">22.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x834 y3567 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(4.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x835 y3567 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">3.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x836 y3567 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x837 y3567 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x838 y3567 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x839 y3567 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x83a y3567 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">1.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x83b y3567 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x83c y3567 w31 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(262.5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35fa w19c h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n x83d y35fa w37 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x83e y35fa w3d h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">24.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x83f y35fa wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(6.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x840 y35fa w72 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x841 y35fa w43 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(4.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x842 y35fa w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x843 y35fa w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x844 y35fa w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x845 y35fa w8c h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x846 y35fa w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x847 y35fa w43 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(4.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x848 y35fa w3d h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">13.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35fb w19d h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">Fair value of private placement loan notes<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x849 y35fb w30 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(260.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x84a y35fb w5d h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">16.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x84b y35fb wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(4.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x84c y35fb wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x84d y35fb w8c h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x84e y35fb w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x84f y35fb w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x850 y35fb w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x851 y35fb w37 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">1.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x852 y35fb w43 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(4.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x853 y35fb w30 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(248.9)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356a w19e h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">Other finance<span class=\"_ _2af\"> </span></div></td><td class=\"c n x854 y356a w62 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x855 y356a wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x856 y356a w62 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x857 y356a w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x858 y356a w72 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x859 y356a w8c h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x85a y356a w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x85b y356a w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x85c y356a w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x85d y356a w37 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x85e y356a w26 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x85f y356a w3a h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b0 w74 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n x860 y35b0 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">4.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x81b y35b0 w30 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(397.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x81c y35b0 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">81.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x81d y35b0 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x861 y35b0 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x862 y35b0 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(22.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x863 y35b0 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(17.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x864 y35b0 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">2.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x865 y35b0 wd7 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(11.<span class=\"_ _2b\"></span>9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x866 y35b0 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">1.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x867 y35b0 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(47.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x868 y35b0 w30 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(363.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3696 w19f h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls9 ws1\">Total net liabilities from financing activities<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x869 y3696 w30 h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls57 ws46\">(658.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x86a y3696 w5d h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls57 ws46\">97.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x86b y3696 wa8 h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls9 ws1\">(4.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x86c y3696 wa8 h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x86d y3696 w34 h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls57 ws46\">(22.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x86e y3696 wd7 h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls57 ws46\">(<span class=\"_ _2b\"></span>17.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x86f y3696 w37 h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls57 ws46\">2.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x870 y3696 wbc h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls57 ws46\">(11.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x871 y3696 w26 h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls57 ws46\">2.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x872 y3696 wd7 h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls57 ws46\">(<span class=\"_ _2b\"></span>51.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x873 y3696 w31 h64\"><div class=\"t m0 x27a h39 y34b5 ff7c fs5 fc3 sc0 ls57 ws46\">(612.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3560 w1a0 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">Deferred consideration payable<span class=\"_ _2af\"> </span></div></td><td class=\"c n x874 y3560 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x875 y3560 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x876 y3560 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x877 y3560 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x878 y3560 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x879 y3560 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x87a y3560 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x87b y3560 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x87c y3560 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x87d y3560 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x87e y3560 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x87f y3560 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w1a1 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">Net debt<span class=\"_ _2af\"> </span></div></td><td class=\"c n x880 y3455 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">4.1.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x81b y3455 w30 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(482.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x881 y3455 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(9.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x882 y3455 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(4.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x883 y3455 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x862 y3455 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(22.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x863 y3455 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(17.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x884 y3455 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">2.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x885 y3455 wd7 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(11.<span class=\"_ _2b\"></span>9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x886 y3455 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x887 y3455 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(54.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x888 y3455 w30 h5b\"><div class=\"t m0 x27a h38 y343e ff7c fs5 fc3 sc0 ls57 ws46\">(545.5)<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"gs3fe\"><table class=\"s w1a2 h8c\" 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 x32f h3a y3697 ff7d fs8 fc3 sc0 ls58 ws47\">Total </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x889 h3a y3698 ff7d fs8 fc3 sc0 ls58 ws47\">Net debt at </td><td class=\"t m0 x88a h3a y3699 ff7d fs8 fc3 sc0 ls58 ws47\">Cash flow </td><td></td><td class=\"t m0 x801 h3a y3699 ff7d fs8 fc3 sc0 ls58 ws47\">Change in </td><td></td><td class=\"t m0 x32b h3a y3699 ff7d fs8 fc3 sc0 ls9 ws1\">New </td><td class=\"t m0 x325 h3a y3699 ff7d fs8 fc3 sc0 ls58 ws47\">Lease </td><td class=\"t m0 x88b h3a y3699 ff7d fs8 fc3 sc0 ls58 ws47\">Lease </td><td class=\"t m0 x88c h3a y3699 ff7d fs8 fc3 sc0 ls58 ws47\">Exchange </td><td class=\"t m0 x88d h3a y3699 ff7d fs8 fc3 sc0 ls58 ws47\">Non-cash </td><td class=\"t m0 x88e h3a y3698 ff7d fs8 fc3 sc0 ls58 ws47\">Net debt at </td></tr><tr><td></td><td></td><td class=\"t m0 x4bd h3a y369a ff7d fs8 fc3 sc0 ls58 ws47\">1 January </td><td class=\"t m0 x88f h3a y369a ff7d fs8 fc3 sc0 ls58 ws47\">movements </td><td class=\"t m0 x890 h3a y369a ff7d fs8 fc3 sc0 ls58 ws47\">Amortisation </td><td class=\"t m0 x891 h3a y369a ff7d fs8 fc3 sc0 ls58 ws47\">fair value </td><td class=\"t m0 x892 h3a y369a ff7d fs8 fc3 sc0 ls58 ws47\">Interest </td><td class=\"t m0 x802 h3a y369a ff7d fs8 fc3 sc0 ls58 ws47\">Leases </td><td class=\"t m0 x893 h3a y369a ff7d fs8 fc3 sc0 ls58 ws47\">terminations </td><td class=\"t m0 x894 h3a y369a ff7d fs8 fc3 sc0 ls58 ws47\">modifications </td><td class=\"t m0 x895 h3a y369a ff7d fs8 fc3 sc0 ls58 ws47\">movements </td><td class=\"t m0 x7fd h3a y369a ff7d fs8 fc3 sc0 ls58 ws47\">movement </td><td class=\"t m0 x542 h3a y369a ff7d fs8 fc3 sc0 ls58 ws47\">31 December </td></tr><tr><td class=\"t m0 x295 h38 y369b ff7d fs5 fc3 sc0 ls57 ws46\">Year ended 31<span class=\"_ gs15\"> </span>December 2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5e1 h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">Note<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6c4 h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x896 h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x321 h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x897 h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x898 h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x899 h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x53d h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x89a h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x89b h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x275 h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x89c h3a y369c ff7d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y369d w198 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">Cash, cash equivalents and overdrafts<span class=\"_ _2af\"> </span></div></td><td class=\"c n x89d y369d w56 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">4.5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x89e y369d w5e h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">101.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x89f y369d w5d h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">75.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8a0 y369d w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8a1 y369d w72 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8a2 y369d w8c h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8a3 y369d w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8a4 y369d w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8a5 y369d w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8a6 y369d w37 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">0.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8a7 y369d w26 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">0.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8a8 y369d w3b h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">177.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y369e w199 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x8a9 y369e wc1 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">(513.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8aa y369e w5e h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">236.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ab y369e w72 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ac y369e wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">(6.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ad y369e w8c h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ae y369e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8af y369e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b0 y369e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b1 y369e w3a h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">(6.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b2 y369e wbc h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">(12.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b3 y369e w31 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">(289.5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y369f w1a3 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">Unamortised discount on debt issuance<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x8b4 y369f wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">(2.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b5 y369f w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b6 y369f w37 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">2.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b7 y369f w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b8 y369f w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b9 y369f w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ba y369f w8c h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8bb y369f w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8bc y369f w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8bd y369f w37 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls57 ws46\">2.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8be y369f w36 h5d\"><div class=\"t m0 x27a h38 y343e ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36a0 w19a h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">Unamortised transaction costs on debt issuance<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x8bf y36a0 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">2.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8c0 y36a0 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8c1 y36a0 wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(3.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8c2 y36a0 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8c3 y36a0 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8c4 y36a0 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8c5 y36a0 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8c6 y36a0 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8c7 y36a0 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8c8 y36a0 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(3.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8c9 y36a0 w26 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">4.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3695 w19b h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">Carrying value of private placement loan notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ca y3695 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8cb y3695 wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(512.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8cc y3695 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">242.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8cd y3695 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(1.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ce y3695 wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(6.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8cf y3695 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8d0 y3695 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8d1 y3695 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8d2 y3695 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8d3 y3695 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(6.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8d4 y3695 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(14.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8d5 y3695 w1a4 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(285.<span class=\"_ _2b\"></span>5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3567 w19c h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8d6 y3567 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8d7 y3567 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">28.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8d8 y3567 wa0 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(10.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8d9 y3567 w72 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8da y3567 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">6.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8db y3567 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8dc y3567 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8dd y3567 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8de y3567 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8df y3567 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8e0 y3567 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">6.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8e1 y3567 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">24.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36a1 w19d h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">Fair value of private placement loan notes<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x4d1 y36a1 wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(484.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8e2 y36a1 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">231.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8e3 y36a1 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(1.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8e4 y36a1 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8e5 y36a1 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8e6 y36a1 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8e7 y36a1 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8e8 y36a1 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8e9 y36a1 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(6.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ea y36a1 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(7.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8eb y36a1 w31 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(260.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3569 w19e h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">Other finance<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ec y3569 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ed y3569 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(1.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ee y3569 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">0.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ef y3569 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8f0 y3569 w72 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8f1 y3569 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8f2 y3569 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8f3 y3569 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8f4 y3569 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8f5 y3569 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8f6 y3569 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8f7 y3569 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356a w1a5 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">Credit facilities<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x8f8 y356a w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(46.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8f9 y356a w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">46.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8fa y356a w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8fb y356a w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8fc y356a w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8fd y356a w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8fe y356a w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ff y356a w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x900 y356a w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x901 y356a w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x902 y356a w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b0 w74 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8ec y35b0 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">4.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x903 y35b0 wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(448.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x904 y35b0 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">84.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x905 y35b0 w72 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x906 y35b0 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x907 y35b0 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(22.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x908 y35b0 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(15.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x909 y35b0 w26 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">6.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x90a y35b0 w3a h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(0.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b1 y35b0 w3a h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(1.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b2 y35b0 wbc h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(33.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x8b3 y35b0 w31 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(397.5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b1 w1a6 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">Total net liabilities from financing activities<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x90b y35b1 wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(980.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x90c y35b1 w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">362.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x90d y35b1 wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(1.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x90e y35b1 w72 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x90f y35b1 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(22.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x910 y35b1 wd7 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(15.<span class=\"_ _2b\"></span>3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x911 y35b1 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">6.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x912 y35b1 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(0.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x913 y35b1 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(7.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x914 y35b1 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(41.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x915 y35b1 w30 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(658.9)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b2 w1a0 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">Deferred consideration payable<span class=\"_ _2af\"> </span></div></td><td class=\"c n x916 y35b2 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x917 y35b2 wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x918 y35b2 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x919 y35b2 w72 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x91a y35b2 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x91b y35b2 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x91c y35b2 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x91d y35b2 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x91e y35b2 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x91f y35b2 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x920 y35b2 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x921 y35b2 w3a h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w1a7 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">Net debt<span class=\"_ _2af\"> </span></div></td><td class=\"c n x922 y3455 w56 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">4.1.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x923 y3455 wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(879.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x924 y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">438.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x925 y3455 wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(1.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x926 y3455 w72 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x927 y3455 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(22.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x928 y3455 wd7 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(<span class=\"_ _2b\"></span>15.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x929 y3455 w26 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">6.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x92a y3455 w3a h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(0.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x92b y3455 w3a h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls9 ws1\">(7.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x92c y3455 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(40.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x92d y3455 w31 h5e\"><div class=\"t m0 x27a h38 y3453 ff7d fs5 fc3 sc0 ls57 ws46\">(482.4)<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ff7d fs5 fc3 sc0 ls9 ws1 gs3ff\">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 fc3 sc0 ls57 ws46 gs400\">the same notional pooling arrangements.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff7d fs5 fc3 sc0 ls9 ws1 gs401\">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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>3.1.1 Trade and other receivables<span class=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w5b h8f\" id=\"_49bff0a3-ffc1-4e71-81c8-6e655690c934\"><tr><td></td><td></td><td class=\"c n x95f y36ac w1af h6f\"><div class=\"t m0 x27a h3b y3608 ff80 fs8 fc3 sc0 ls58 ws47\">Current<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x960 y36ac w1b0 h6f\"><div class=\"t m0 x27a h3b y3608 ff80 fs8 fc3 sc0 ls58 ws47\">Non-current<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x762 h3b y36ad ff80 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7e9 h3a y36ae ff81 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 x3c8 h3b y36ad ff80 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y36ae ff81 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x773 h3b y36af ff80 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5de h3a y36af ff81 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3b y36af ff80 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y36af ff81 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3568 w1b1 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">Trade receivables<span class=\"_ _2af\"> </span></div></td><td class=\"c n x961 y3568 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">126.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x962 y3568 w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">149.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x963 y3568 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x964 y3568 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y36b0 ff81 fs5 fc3 sc0 ls9 ws1\">Other receivables<span class=\"_ _2af\"> </span></td><td class=\"c n x965 y3569 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">15.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x966 y3569 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">23.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x967 y3569 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">4.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x968 y3569 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">5.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356a w17d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">Other taxes and social security<span class=\"_ _2af\"> </span></div></td><td class=\"c n x969 y356a w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96a y356a w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">9.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96b y356a w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96c y356a w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y36b1 ff81 fs5 fc3 sc0 ls9 ws1\">Current contract fulfilment assets<span class=\"_ _2af\"> </span></td><td class=\"c n x965 y35b0 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">13.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x966 y35b0 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">10.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96d y35b0 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96e y35b0 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b1 w65 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">Accrued income<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96f y35b1 w3b h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">138.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x970 y35b1 w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">179.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x971 y35b1 w72 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x972 y35b1 w72 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b2 w17a h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">Prepayments<span class=\"_ _2af\"> </span></div></td><td class=\"c n x973 y35b2 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">54.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x974 y35b2 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">58.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x975 y35b2 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">7.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7b8 y35b2 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">10.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x976 y3455 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">350.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x977 y3455 w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">430.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x978 y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">12.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x979 y3455 w5d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">15.8<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span>2<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>2.<span class=\"_ _9\"> </span>Refer to note 3.1.3 for non-current contract fulfilment assets.<span class=\"_ _2af\"> </span>Trade receivables are non-interest bearing and generally on 30-day terms.<span class=\"_ _2af\"> </span><div class=\"t m0 h38 ff81 fs5 fc3 sc0 ls9 ws1 gs41b\">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 fc3 sc0 ls9 ws1 gs41c\">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 fc3 sc0 ls9 ws1 gs41d\">of business during the year.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff81 fs5 fc3 sc0 ls9 ws1 gs41e\">Movements in the loss allowance made against receivables were as follows:<span class=\"_ _2af\"> </span></div><div class=\"gs41f\"><table class=\"s w1b2 h90\" id=\"_02a8164f-7add-48c1-a23d-f00b8e090b8a\"><tr><td></td><td class=\"t m0 x2fc h3b y36b2 ff80 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2fd h3a y36b3 ff81 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2ff h3b y36b4 ff80 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y36b4 ff81 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y36b5 w1b3 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e8 y36b5 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">29.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97a y36b5 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">19.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3569 w1b4 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">Utilised<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97b y3569 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls9 ws1\">(1.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97c y3569 w3a h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">(4.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356a w1b5 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">Provided in the year<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97d y356a w26 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">4.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x61b y356a w3d h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">15.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356b w1b6 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">Released in the year<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97e y356b w34 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">(25.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97f y356b w36 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356c w1b7 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">Business disposal<span class=\"_ _2af\"> </span></div></td><td class=\"c n x980 y356c w3a h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls9 ws1\">(1.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x981 y356c w3a h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">(1.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y36b6 ff81 fs5 fc3 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2af\"> </span></td><td class=\"c n x982 y35b2 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls9 ws1\">(1.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x983 y35b2 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w173 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n x984 y3455 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">5.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x985 y3455 w3f h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">29.7<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h3e ff81 fs1c fc3 sc0 ls9 ws1 gs420\">1<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff81 fs8 fc3 sc0 ls58 ws47 gs421\">1.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs23c\"> </span>December 2023 represent amounts transferred at 30<span class=\"_ gs23c\"> </span>June 2023 and </div><div class=\"t m0 h3a ff81 fs8 fc3 sc0 ls58 ws47 gs422\">subsequently sold during the second half of the year.<span class=\"_ _2af\"> </span></div><div class=\"gs423\"><table class=\"s w1b8 h91\" id=\"_79e52447-3173-4fef-b00e-0b4010a488b8\"><tr><td></td><td class=\"t m0 x2fc h3b y36b7 ff80 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2fd h3a y36b8 ff81 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h3a y36b9 ff81 fs8 fc3 sc0 ls58 ws47\">Ageing of trade receivables<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2ff h3b y36b9 ff80 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y36b9 ff81 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y36ba w1b9 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">Not due<span class=\"_ _2af\"> </span></div></td><td class=\"c n x986 y36ba w3d h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">79.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x743 y36ba w3b h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">118.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36bb w1ba h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">Overdue by less than three months<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6cf y36bb w3d h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">19.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x987 y36bb w3f h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">26.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36bc w1bb h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">Overdue between three and six months<span class=\"_ _2af\"> </span></div></td><td class=\"c n x988 y36bc w1bc h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">4.<span class=\"_ _2b\"></span>9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x989 y36bc w26 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">6.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36bd w1bd h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">Overdue between six and twelve months<span class=\"_ _2af\"> </span></div></td><td class=\"c n x74f y36bd w37 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98a y36bd w37 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">9.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y36be ff81 fs5 fc3 sc0 ls9 ws1\">Overdue more than twelve months<span class=\"_ _2af\"> </span></td><td class=\"c n x98b y36bf w3f h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">23.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98c y36bf w3d h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">18.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y36c0 ff81 fs5 fc3 sc0 ls9 ws1\">Allowance for doubtful debts<span class=\"_ _2af\"> </span></td><td class=\"c n x982 y346a w43 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls9 ws1\">(5.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98d y346a w34 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">(29.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x30c y3455 w3b h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">126.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x30d y3455 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">149.9<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h3e ff81 fs1c fc3 sc0 ls9 ws1 gs424\">1<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3e ff81 fs1c fc3 sc0 ls9 ws1 gs425\">1<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff81 fs8 fc3 sc0 ls58 ws47 gs426\">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 fc3 sc0 ls58 ws47 gs427\">commercial settlement in the closed book Life &amp; Pensions business which will not be received until a future date.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff81 fs5 fc3 sc0 ls9 ws1 gs428\">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 fc3 sc0 ls9 ws1 gs429\">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 fc3 sc0 ls9 ws1 gs42a\">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 fc3 sc0 ls9 ws1 gs42b\">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 fc3 sc0 ls9 ws1 gs42c\">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 fc3 sc0 ls9 ws1 gs42d\">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 fc3 sc0 ls57 ws46 gs42e\">the balance sheet date.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff81 fs5 fc3 sc0 ls9 ws1 gs42f\">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 fc3 sc0 ls9 ws1 gs430\">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 fc3 sc0 ls9 ws1 gs431\">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 fc3 sc0 ls9 ws1 gs432\">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 fc3 sc0 ls9 ws1 gs433\">balances are monitored on an ongoing basis with the result that th<span class=\"_ _1\"></span>e Group\u2019s exposure t<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff81 fs5 fc3 sc0 ls9 ws1 gs434\">o credit loss remains </div><div class=\"t m0 h38 ff81 fs5 fc3 sc0 ls9 ws1 gs435\">low.<span class=\"_ _2af\"> </span></div>Non-recourse trade receivable financing<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>3.1.2 Trade and other payables<span class=\"_ _2af\"> </span><table class=\"s w5b h92\" id=\"_83b2b9fc-24cf-4a80-a777-6cd4ba99f181\"><tr><td></td><td></td><td class=\"c n x95f y36c1 w1af h6f\"><div class=\"t m0 x27a h3b y3608 ff83 fs8 fc3 sc0 ls58 ws47\">Current<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x960 y36c1 w1b0 h6f\"><div class=\"t m0 x27a h3b y3608 ff83 fs8 fc3 sc0 ls58 ws47\">Non-current<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x762 h3b y36c2 ff83 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7e9 h3a y36c2 ff84 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 x3c8 h3b y36c2 ff83 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2c3 h3a y36c2 ff84 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x773 h3b y36c3 ff83 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5de h3a y36c3 ff84 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3b y36c3 ff83 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y36c3 ff84 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y356a w1be h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">Trade payables<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98e y356a w5e h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">164.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98f y356a w3b h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">134.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x990 y356a w62 h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x991 y356a w62 h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b0 w1bf h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">Other payables<span class=\"_ _2af\"> </span></div></td><td class=\"c n x973 y35b0 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">27.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x974 y35b0 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">32.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x975 y35b0 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">6.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x992 y35b0 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">6.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b1 w17d h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls9 ws1\">Other taxes and social security<span class=\"_ _2af\"> </span></div></td><td class=\"c n x993 y35b1 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">74.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x994 y35b1 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">85.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x995 y35b1 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x996 y35b1 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">6.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3560 w60 h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls9 ws1\">Accruals<span class=\"_ _2af\"> </span></div></td><td class=\"c n x997 y3560 w6b h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">159.<span class=\"_ _2b\"></span>4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x998 y3560 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">239.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x999 y3560 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x99a y3560 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">2.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x976 y3455 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">425.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x977 y3455 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">492.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x99b y3455 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">8.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x99c y3455 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">15.1<span class=\"_ _2af\"> </span></div></td></tr></table>3.1.3 <span class=\"ls9 ws1\">Contract fulfilment asset</span>s (non-current)<span class=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Costs incurred prior to selection as preferred supplier are not capitalised<span class=\"_ _1\"></span> but expensed when incurred.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Significant accounting judgements<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Movements in non-current contract fulfilment assets were as follows<span class=\"_ _2af\"> </span>1<span class=\"_ _2af\"> </span>:<span class=\"_ _2af\"> </span><table class=\"s w1c0 h93\" id=\"_198cf740-0836-4aae-8497-2cd546c20604\"><tr><td></td><td class=\"t m0 x3c8 h3b y36c4 ff86 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y36c4 ff87 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2c5 h3b y36c5 ff86 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y36c5 ff87 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y36c6 w1b3 h5c\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n x99d y36c6 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls57 ws46\">263.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x480 y36c6 w5e h5c\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls57 ws46\">286.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y36c7 ff87 fs5 fc3 sc0 ls9 ws1\">Impact of change in accounting standards \u2013 amendments to IAS<span class=\"_ gs15\"> </span>37<span class=\"_ _2af\"> </span></td><td class=\"c n x99e y369d w36 h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x99f y369d wa8 h5c\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">(2.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y36c8 ff87 fs5 fc3 sc0 ls57 ws46\">At 1<span class=\"_ gs15\"> </span>January 2022 on adoption of IAS<span class=\"_ gs15\"> </span>37<span class=\"_ _2af\"> </span></td><td class=\"c n x2e8 y36c9 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls57 ws46\">263.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2e9 y36c9 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls57 ws46\">284.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36ca w1c1 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls57 ws46\">Additions<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a0 y36ca w3d h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls57 ws46\">79.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a1 y36ca w5d h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls57 ws46\">67.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y36cb ff87 fs5 fc3 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2af\"> </span></td><td class=\"c n x9a2 y36cc w43 h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls9 ws1\">(0.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a3 y36cc w36 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36cd w1c2 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a4 y36cd w72 h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a5 y36cd w43 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">(2.8)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36ce w1c3 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">Impairment - included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n x738 y36ce wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls9 ws1\">(3.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x739 y36ce wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">(3.8)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36cf w1c4 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">Impairment - included in business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a6 y36cf wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x74d y36cf w36 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36d0 w18a h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">Derecognition - included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a7 y36d0 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls9 ws1\">(4.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a8 y36d0 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">(0.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36d1 w128 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">Derecognition - included in business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a9 y36d1 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls9 ws1\">(8.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9aa y36d1 w72 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b0 w1c5 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">Utilisation - included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n x73b y35b0 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls57 ws46\">(68.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ab y35b0 wa0 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls57 ws46\">(79.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b1 w1c6 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">Utilisation - included in business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a6 y35b1 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls9 ws1\">(0.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ac y35b1 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">(2.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b2 w1c7 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ad y35b2 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ae y35b2 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w173 h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9af y3455 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff86 fs5 fc3 sc0 ls57 ws46\">257.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9b0 y3455 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff87 fs5 fc3 sc0 ls57 ws46\">263.0<span class=\"_ _2af\"> </span></div></td></tr></table>2<span class=\"_ _2af\"> </span>3<span class=\"_ _2af\"> </span>1.<span class=\"_ _9\"> </span>Refer to note<span class=\"_ gs23c\"> </span>3.1.1 for current contract fulfilment assets.<span class=\"_ _2af\"> </span>2.<span class=\"_ _9\"> </span>The Group initially applied the amendments to IAS<span class=\"_ gs23c\"> </span>37 at 1<span class=\"_ gs23c\"> </span>January 2022 and the cumulative effect of applying the amendments was recognised as an opening balance adjustment to retained earnings.<span class=\"_ _2af\"> </span>3.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs23c\"> </span>December 2023 includes \u00a30.9m that was transferred at 30<span class=\"_ gs23c\"> </span>June 2023 and subsequently sold during the second half of the year.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Derecognition:<span class=\"ff87 fc1 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=\"_ _2af\"> </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=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w5b h8f\" id=\"_49bff0a3-ffc1-4e71-81c8-6e655690c934\"><tr><td></td><td></td><td class=\"c n x95f y36ac w1af h6f\"><div class=\"t m0 x27a h3b y3608 ff80 fs8 fc3 sc0 ls58 ws47\">Current<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x960 y36ac w1b0 h6f\"><div class=\"t m0 x27a h3b y3608 ff80 fs8 fc3 sc0 ls58 ws47\">Non-current<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x762 h3b y36ad ff80 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7e9 h3a y36ae ff81 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 x3c8 h3b y36ad ff80 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y36ae ff81 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x773 h3b y36af ff80 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5de h3a y36af ff81 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3b y36af ff80 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y36af ff81 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3568 w1b1 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">Trade receivables<span class=\"_ _2af\"> </span></div></td><td class=\"c n x961 y3568 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">126.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x962 y3568 w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">149.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x963 y3568 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x964 y3568 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y36b0 ff81 fs5 fc3 sc0 ls9 ws1\">Other receivables<span class=\"_ _2af\"> </span></td><td class=\"c n x965 y3569 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">15.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x966 y3569 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">23.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x967 y3569 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">4.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x968 y3569 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">5.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356a w17d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">Other taxes and social security<span class=\"_ _2af\"> </span></div></td><td class=\"c n x969 y356a w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96a y356a w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">9.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96b y356a w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96c y356a w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y36b1 ff81 fs5 fc3 sc0 ls9 ws1\">Current contract fulfilment assets<span class=\"_ _2af\"> </span></td><td class=\"c n x965 y35b0 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">13.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x966 y35b0 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">10.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96d y35b0 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96e y35b0 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b1 w65 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">Accrued income<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96f y35b1 w3b h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">138.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x970 y35b1 w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">179.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x971 y35b1 w72 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x972 y35b1 w72 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b2 w17a h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">Prepayments<span class=\"_ _2af\"> </span></div></td><td class=\"c n x973 y35b2 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">54.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x974 y35b2 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">58.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x975 y35b2 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">7.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7b8 y35b2 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">10.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x976 y3455 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">350.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x977 y3455 w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">430.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x978 y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">12.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x979 y3455 w5d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">15.8<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span>2<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>2.<span class=\"_ _9\"> </span>Refer to note 3.1.3 for non-current contract fulfilment assets.<span class=\"_ _2af\"> </span>Trade receivables are non-interest bearing and generally on 30-day terms.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Movements in the loss allowance made against receivables were as follows:<span class=\"_ _2af\"> </span><table class=\"s w1b2 h90\" id=\"_02a8164f-7add-48c1-a23d-f00b8e090b8a\"><tr><td></td><td class=\"t m0 x2fc h3b y36b2 ff80 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2fd h3a y36b3 ff81 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2ff h3b y36b4 ff80 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y36b4 ff81 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y36b5 w1b3 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e8 y36b5 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">29.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97a y36b5 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">19.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3569 w1b4 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">Utilised<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97b y3569 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls9 ws1\">(1.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97c y3569 w3a h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">(4.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356a w1b5 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">Provided in the year<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97d y356a w26 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">4.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x61b y356a w3d h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">15.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356b w1b6 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">Released in the year<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97e y356b w34 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">(25.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97f y356b w36 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356c w1b7 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">Business disposal<span class=\"_ _2af\"> </span></div></td><td class=\"c n x980 y356c w3a h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls9 ws1\">(1.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x981 y356c w3a h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">(1.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y36b6 ff81 fs5 fc3 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2af\"> </span></td><td class=\"c n x982 y35b2 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls9 ws1\">(1.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x983 y35b2 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w173 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n x984 y3455 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">5.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x985 y3455 w3f h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">29.7<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span>1.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs23c\"> </span>December 2023 represent amounts transferred at 30<span class=\"_ gs23c\"> </span>June 2023 and subsequently sold during the second half of the year.<span class=\"_ _2af\"> </span><table class=\"s w1b8 h91\" id=\"_79e52447-3173-4fef-b00e-0b4010a488b8\"><tr><td></td><td class=\"t m0 x2fc h3b y36b7 ff80 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2fd h3a y36b8 ff81 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h3a y36b9 ff81 fs8 fc3 sc0 ls58 ws47\">Ageing of trade receivables<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2ff h3b y36b9 ff80 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y36b9 ff81 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y36ba w1b9 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">Not due<span class=\"_ _2af\"> </span></div></td><td class=\"c n x986 y36ba w3d h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">79.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x743 y36ba w3b h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">118.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36bb w1ba h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">Overdue by less than three months<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6cf y36bb w3d h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">19.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x987 y36bb w3f h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">26.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36bc w1bb h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">Overdue between three and six months<span class=\"_ _2af\"> </span></div></td><td class=\"c n x988 y36bc w1bc h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">4.<span class=\"_ _2b\"></span>9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x989 y36bc w26 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">6.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36bd w1bd h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">Overdue between six and twelve months<span class=\"_ _2af\"> </span></div></td><td class=\"c n x74f y36bd w37 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98a y36bd w37 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">9.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y36be ff81 fs5 fc3 sc0 ls9 ws1\">Overdue more than twelve months<span class=\"_ _2af\"> </span></td><td class=\"c n x98b y36bf w3f h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">23.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98c y36bf w3d h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">18.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y36c0 ff81 fs5 fc3 sc0 ls9 ws1\">Allowance for doubtful debts<span class=\"_ _2af\"> </span></td><td class=\"c n x982 y346a w43 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls9 ws1\">(5.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98d y346a w34 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">(29.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x30c y3455 w3b h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">126.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x30d y3455 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">149.9<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span>1<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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 t<span class=\"_ _2af\"> </span>o credit loss remains low.<span class=\"_ _2af\"> </span>Non-recourse trade receivable financing<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w5b h8f\" id=\"_49bff0a3-ffc1-4e71-81c8-6e655690c934\"><tr><td></td><td></td><td class=\"c n x95f y36ac w1af h6f\"><div class=\"t m0 x27a h3b y3608 ff80 fs8 fc3 sc0 ls58 ws47\">Current<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x960 y36ac w1b0 h6f\"><div class=\"t m0 x27a h3b y3608 ff80 fs8 fc3 sc0 ls58 ws47\">Non-current<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x762 h3b y36ad ff80 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7e9 h3a y36ae ff81 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 x3c8 h3b y36ad ff80 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y36ae ff81 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x773 h3b y36af ff80 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5de h3a y36af ff81 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3b y36af ff80 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y36af ff81 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3568 w1b1 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">Trade receivables<span class=\"_ _2af\"> </span></div></td><td class=\"c n x961 y3568 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">126.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x962 y3568 w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">149.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x963 y3568 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x964 y3568 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y36b0 ff81 fs5 fc3 sc0 ls9 ws1\">Other receivables<span class=\"_ _2af\"> </span></td><td class=\"c n x965 y3569 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">15.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x966 y3569 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">23.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x967 y3569 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">4.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x968 y3569 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">5.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356a w17d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">Other taxes and social security<span class=\"_ _2af\"> </span></div></td><td class=\"c n x969 y356a w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96a y356a w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">9.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96b y356a w62 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96c y356a w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y36b1 ff81 fs5 fc3 sc0 ls9 ws1\">Current contract fulfilment assets<span class=\"_ _2af\"> </span></td><td class=\"c n x965 y35b0 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">13.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x966 y35b0 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">10.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96d y35b0 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96e y35b0 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b1 w65 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">Accrued income<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96f y35b1 w3b h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">138.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x970 y35b1 w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">179.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x971 y35b1 w72 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x972 y35b1 w72 h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b2 w17a h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">Prepayments<span class=\"_ _2af\"> </span></div></td><td class=\"c n x973 y35b2 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">54.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x974 y35b2 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">58.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x975 y35b2 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">7.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7b8 y35b2 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">10.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x976 y3455 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">350.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x977 y3455 w5e h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">430.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x978 y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">12.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x979 y3455 w5d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">15.8<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span>2<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>2.<span class=\"_ _9\"> </span>Refer to note 3.1.3 for non-current contract fulfilment assets.<span class=\"_ _2af\"> </span>Trade receivables are non-interest bearing and generally on 30-day terms.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Movements in the loss allowance made against receivables were as follows:<span class=\"_ _2af\"> </span><table class=\"s w1b2 h90\" id=\"_02a8164f-7add-48c1-a23d-f00b8e090b8a\"><tr><td></td><td class=\"t m0 x2fc h3b y36b2 ff80 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2fd h3a y36b3 ff81 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2ff h3b y36b4 ff80 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y36b4 ff81 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y36b5 w1b3 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e8 y36b5 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">29.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97a y36b5 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">19.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3569 w1b4 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">Utilised<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97b y3569 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls9 ws1\">(1.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97c y3569 w3a h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">(4.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356a w1b5 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">Provided in the year<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97d y356a w26 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">4.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x61b y356a w3d h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">15.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356b w1b6 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">Released in the year<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97e y356b w34 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">(25.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97f y356b w36 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356c w1b7 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">Business disposal<span class=\"_ _2af\"> </span></div></td><td class=\"c n x980 y356c w3a h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls9 ws1\">(1.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x981 y356c w3a h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">(1.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y36b6 ff81 fs5 fc3 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2af\"> </span></td><td class=\"c n x982 y35b2 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls9 ws1\">(1.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x983 y35b2 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w173 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n x984 y3455 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">5.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x985 y3455 w3f h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">29.7<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span>1.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs23c\"> </span>December 2023 represent amounts transferred at 30<span class=\"_ gs23c\"> </span>June 2023 and subsequently sold during the second half of the year.<span class=\"_ _2af\"> </span><table class=\"s w1b8 h91\" id=\"_79e52447-3173-4fef-b00e-0b4010a488b8\"><tr><td></td><td class=\"t m0 x2fc h3b y36b7 ff80 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2fd h3a y36b8 ff81 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h3a y36b9 ff81 fs8 fc3 sc0 ls58 ws47\">Ageing of trade receivables<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2ff h3b y36b9 ff80 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y36b9 ff81 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y36ba w1b9 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">Not due<span class=\"_ _2af\"> </span></div></td><td class=\"c n x986 y36ba w3d h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">79.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x743 y36ba w3b h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">118.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36bb w1ba h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">Overdue by less than three months<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6cf y36bb w3d h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">19.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x987 y36bb w3f h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">26.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36bc w1bb h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">Overdue between three and six months<span class=\"_ _2af\"> </span></div></td><td class=\"c n x988 y36bc w1bc h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">4.<span class=\"_ _2b\"></span>9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x989 y36bc w26 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">6.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36bd w1bd h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls9 ws1\">Overdue between six and twelve months<span class=\"_ _2af\"> </span></div></td><td class=\"c n x74f y36bd w37 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98a y36bd w37 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">9.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y36be ff81 fs5 fc3 sc0 ls9 ws1\">Overdue more than twelve months<span class=\"_ _2af\"> </span></td><td class=\"c n x98b y36bf w3f h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls57 ws46\">23.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98c y36bf w3d h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">18.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y36c0 ff81 fs5 fc3 sc0 ls9 ws1\">Allowance for doubtful debts<span class=\"_ _2af\"> </span></td><td class=\"c n x982 y346a w43 h5b\"><div class=\"t m0 x27a h38 y343e ff80 fs5 fc3 sc0 ls9 ws1\">(5.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98d y346a w34 h5d\"><div class=\"t m0 x27a h38 y343e ff81 fs5 fc3 sc0 ls57 ws46\">(29.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x30c y3455 w3b h5f\"><div class=\"t m0 x27a h38 y3453 ff80 fs5 fc3 sc0 ls57 ws46\">126.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x30d y3455 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ff81 fs5 fc3 sc0 ls57 ws46\">149.9<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span>1<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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 t<span class=\"_ _2af\"> </span>o credit loss remains low.<span class=\"_ _2af\"> </span><div class=\"t m0 h39 ff83 fs5 fc1 sc0 ls57 ws46 gs437\">Non-recourse trade receivable financing<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff84 fs5 fc3 sc0 ls9 ws1 gs438\">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 fc3 sc0 ls57 ws46 gs439\">\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 fc3 sc0 ls9 ws1 gs43a\">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 fc3 sc0 ls57 ws46 gs43b\">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=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff84 fs5 fc3 sc0 ls9 ws1 gs43c\">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 fc3 sc0 ls9 ws1 gs43d\">the consolidated income statement (2022: administrative expenses).<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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 fc1 sc0 ls57 ws46 gs43f\">3.1.2 Trade and other payables<span class=\"_ _2af\"> </span></div><div class=\"gs440\"><table class=\"s w5b h92\" id=\"_83b2b9fc-24cf-4a80-a777-6cd4ba99f181\"><tr><td></td><td></td><td class=\"c n x95f y36c1 w1af h6f\"><div class=\"t m0 x27a h3b y3608 ff83 fs8 fc3 sc0 ls58 ws47\">Current<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x960 y36c1 w1b0 h6f\"><div class=\"t m0 x27a h3b y3608 ff83 fs8 fc3 sc0 ls58 ws47\">Non-current<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x762 h3b y36c2 ff83 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7e9 h3a y36c2 ff84 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 x3c8 h3b y36c2 ff83 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2c3 h3a y36c2 ff84 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x773 h3b y36c3 ff83 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5de h3a y36c3 ff84 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3b y36c3 ff83 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y36c3 ff84 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y356a w1be h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">Trade payables<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98e y356a w5e h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">164.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98f y356a w3b h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">134.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x990 y356a w62 h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x991 y356a w62 h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b0 w1bf h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">Other payables<span class=\"_ _2af\"> </span></div></td><td class=\"c n x973 y35b0 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">27.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x974 y35b0 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">32.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x975 y35b0 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">6.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x992 y35b0 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">6.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b1 w17d h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls9 ws1\">Other taxes and social security<span class=\"_ _2af\"> </span></div></td><td class=\"c n x993 y35b1 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">74.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x994 y35b1 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">85.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x995 y35b1 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x996 y35b1 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">6.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3560 w60 h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls9 ws1\">Accruals<span class=\"_ _2af\"> </span></div></td><td class=\"c n x997 y3560 w6b h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">159.<span class=\"_ _2b\"></span>4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x998 y3560 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">239.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x999 y3560 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x99a y3560 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">2.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x976 y3455 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">425.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x977 y3455 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">492.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x99b y3455 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">8.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x99c y3455 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">15.1<span class=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w5b h92\" id=\"_83b2b9fc-24cf-4a80-a777-6cd4ba99f181\"><tr><td></td><td></td><td class=\"c n x95f y36c1 w1af h6f\"><div class=\"t m0 x27a h3b y3608 ff83 fs8 fc3 sc0 ls58 ws47\">Current<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x960 y36c1 w1b0 h6f\"><div class=\"t m0 x27a h3b y3608 ff83 fs8 fc3 sc0 ls58 ws47\">Non-current<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x762 h3b y36c2 ff83 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7e9 h3a y36c2 ff84 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 x3c8 h3b y36c2 ff83 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2c3 h3a y36c2 ff84 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x773 h3b y36c3 ff83 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5de h3a y36c3 ff84 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3b y36c3 ff83 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y36c3 ff84 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y356a w1be h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">Trade payables<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98e y356a w5e h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">164.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98f y356a w3b h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">134.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x990 y356a w62 h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x991 y356a w62 h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b0 w1bf h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">Other payables<span class=\"_ _2af\"> </span></div></td><td class=\"c n x973 y35b0 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">27.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x974 y35b0 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">32.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x975 y35b0 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">6.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x992 y35b0 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">6.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b1 w17d h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls9 ws1\">Other taxes and social security<span class=\"_ _2af\"> </span></div></td><td class=\"c n x993 y35b1 w5d h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">74.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x994 y35b1 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">85.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x995 y35b1 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x996 y35b1 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">6.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3560 w60 h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls9 ws1\">Accruals<span class=\"_ _2af\"> </span></div></td><td class=\"c n x997 y3560 w6b h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">159.<span class=\"_ _2b\"></span>4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x998 y3560 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">239.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x999 y3560 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x99a y3560 w62 h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">2.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x976 y3455 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">425.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x977 y3455 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">492.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x99b y3455 w62 h5b\"><div class=\"t m0 x27a h38 y343e ff83 fs5 fc3 sc0 ls57 ws46\">8.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x99c y3455 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff84 fs5 fc3 sc0 ls57 ws46\">15.1<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </span>Property, plant and equipment is stated at cost less accumulated depre<span class=\"_ _1\"></span>ciation and any impairment in value.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Freehold buildings and long leasehold property \u2013 up to 50 years.<span class=\"_ _2af\"> </span></span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Leasehold improvements \u2013 period of the lease.<span class=\"_ _2af\"> </span></span>\u2022<span class=\"_ _ae\"> </span>Plant and machinery \u2013 3 to 10 years.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><div class=\"gs49b\"><table class=\"s w1c8 h94\" id=\"_b549b354-6006-49cd-88dc-0a1997914a42\"><tr><td></td><td></td><td></td><td class=\"c n x9b1 y36d2 wdd h78\"><div class=\"t m0 x27a h3a y3517 ff88 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n x9b2 y36d2 wdd h6d\"><div class=\"t m0 x27a h3a y3517 ff89 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x801 h3b y36d3 ff88 fs8 fc3 sc0 ls58 ws47\">Leasehold improvements,<span class=\"_ _2af\"> </span></td><td class=\"t m0 x53b h3b y36d3 ff88 fs8 fc3 sc0 ls58 ws47\">Plant and<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 x5c2 h3a y36d3 ff89 fs8 fc3 sc0 ls58 ws47\">Leasehold improvements,<span class=\"_ _2af\"> </span></td><td class=\"t m0 x9b3 h3a y36d3 ff89 fs8 fc3 sc0 ls58 ws47\">Plant and<span class=\"_ _2af\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x9b4 h3b y36d4 ff88 fs8 fc3 sc0 ls58 ws47\">land and buildings<span class=\"_ _2af\"> </span></td><td class=\"t m0 x9b5 h3b y36d4 ff88 fs8 fc3 sc0 ls58 ws47\">machinery<span class=\"_ _2af\"> </span></td><td class=\"t m0 x9b6 h3b y36d4 ff88 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td><td class=\"t m0 x9b7 h3a y36d4 ff89 fs8 fc3 sc0 ls58 ws47\">land and buildings<span class=\"_ _2af\"> </span></td><td class=\"t m0 x9b8 h3a y36d4 ff89 fs8 fc3 sc0 ls58 ws47\">machinery<span class=\"_ _2af\"> </span></td><td class=\"t m0 x330 h3a y36d4 ff89 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x546 h3b y36d5 ff88 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x9b9 h3b y36d5 ff88 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x533 h3b y36d5 ff88 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x9ba h3a y36d5 ff89 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x80d h3a y36d5 ff89 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x9bb h3a y36d5 ff89 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y36d6 ff88 fs5 fc3 sc0 ls57 ws46\">Cost<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y36d7 w1b3 h5c\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9bc y36d7 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">96.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9bd y36d7 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">146.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9be y36d7 w2d h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">242.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9bf y36d7 w3d h5c\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">99.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9c0 y36d7 w3b h5c\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">169.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9c1 y36d7 w3b h5c\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">268.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36d8 w1c1 h5c\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">Additions<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9c2 y36d8 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">10.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9c3 y36d8 w3f h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">18.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9c4 y36d8 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">28.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9c5 y36d8 w37 h5c\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">7.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9c6 y36d8 w3d h5c\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">12.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9c7 y36d8 w3d h5c\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">20.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36d9 w1c2 h5c\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9c8 y36d9 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">(0.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9c9 y36d9 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ca y36d9 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">(1.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9cb y36d9 w8c h5c\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9cc y36d9 w43 h5c\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">(0.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9cd y36d9 w3a h5c\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">(0.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36da w1c9 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">Disposals \u2013 included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ce y36da w3a h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">(1.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9cf y36da w43 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">(4.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9d0 y36da w3a h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">(5.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9d1 y36da w43 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">(9.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9d2 y36da w3a h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">(7.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9d3 y36da w34 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">(16.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36db w1ca h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">Disposals \u2013 included in business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9d4 y36db w36 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9d5 y36db w8c h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9d6 y36db w36 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9d1 y36db w43 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9d7 y36db w36 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9d8 y36db w43 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y36dc ff89 fs5 fc3 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2af\"> </span></td><td class=\"c n x9d9 y36dd w43 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9da y36dd w43 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">(9.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9db y36dd w34 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">(10.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9dc y36dd w36 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9dd y36dd w36 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9de y36dd w36 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36de w1cb h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">Reclassifications to intangible assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9df y36de w8c h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9e0 y36de w43 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">(1.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9e1 y36de w3a h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">(1.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9e2 y36de w37 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">1.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9e3 y36de w3a h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">(1.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9e4 y36de w43 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">(0.5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36df w1cc h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">Asset retirements<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9e5 y36df w34 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">(22.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9e6 y36df w34 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">(38.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9e7 y36df w34 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">(61.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9e8 y36df w43 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">(3.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9e9 y36df w34 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">(27.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ea y36df w34 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">(31.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36e0 w1c7 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9eb y36e0 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">(0.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ec y36e0 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">(1.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ed y36e0 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">(2.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ee y36e0 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ef y36e0 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">2.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9f0 y36e0 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">2.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35d7 w173 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9f1 y35d7 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">81.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9f2 y35d7 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">108.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9f3 y35d7 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">189.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9f4 y35d7 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">96.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9f5 y35d7 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">146.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9f6 y35d7 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">242.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y36e1 ff88 fs5 fc3 sc0 ls57 ws46\">Depreciation and impairment<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y36e2 w1b3 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9bc y36e2 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">42.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9f7 y36e2 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">98.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9f8 y36e2 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">141.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9f9 y36e2 w3f h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">40.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9fa y36e2 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">99.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9fb y36e2 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">139.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y36e3 ff89 fs5 fc3 sc0 ls9 ws1\">Impact of change in accounting standards \u2013 amendments to IAS<span class=\"_ gs15\"> </span>37<span class=\"_ _2af\"> </span></td><td class=\"c n x9fc y36e4 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9fd y36e4 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9fe y36e4 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ff y36e4 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa00 y36e4 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa01 y36e4 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36e5 w1cd h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">At 1<span class=\"_ gs15\"> </span>January 2022 on adoption of IAS<span class=\"_ gs15\"> </span>37<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9c2 y36e5 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">42.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9c3 y36e5 w3f h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">98.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa02 y36e5 w2d h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">141.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa03 y36e5 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">40.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa04 y36e5 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">99.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa05 y36e5 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">140.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36e6 w1ce h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">Depreciation charged - included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa06 y36e6 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">9.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa07 y36e6 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">20.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa08 y36e6 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">29.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa09 y36e6 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">10.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa0a y36e6 w3f h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">28.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa0b y36e6 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">38.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36e7 w1cf h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">Depreciation charged - included in business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa0c y36e7 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa0d y36e7 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">1.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa0e y36e7 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">1.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa0f y36e7 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa10 y36e7 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa11 y36e7 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">2.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36e8 w1c2 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9c8 y36e8 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">(0.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9c9 y36e8 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">(0.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ca y36e8 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9cb y36e8 w8c h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9cc y36e8 w43 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9cd y36e8 w3a h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36e9 w1c9 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">Disposals \u2013 included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ce y36e9 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">(1.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9cf y36e9 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">(4.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9d0 y36e9 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">(5.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9d1 y36e9 w43 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">(7.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9d2 y36e9 w3a h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">(6.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9d3 y36e9 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">(14.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36ea w1d0 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">Impairment \u2013 included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9df y36ea w8c h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa12 y36ea w1d1 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa13 y36ea w37 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">0.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa14 y36ea w37 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">2.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa15 y36ea w37 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">2.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa16 y36ea w37 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls57 ws46\">4.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36eb w1d2 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">Impairment \u2013 excluded from adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa17 y36eb w26 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">2.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa18 y36eb w36 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa19 y36eb w26 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">2.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa1a y36eb w36 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa1b y36eb w36 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa1c y36eb w36 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36ec w1d3 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">Impairment \u2013 included in business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa1d y36ec w26 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">7.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa1e y36ec w8c h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa1f y36ec w26 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls57 ws46\">7.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa20 y36ec w36 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa21 y36ec w36 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa22 y36ec w36 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y36ed ff89 fs5 fc3 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2af\"> </span></td><td class=\"c n x9d9 y36ee w43 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">(0.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9da y36ee w43 h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">(3.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa23 y36ee w3a h5b\"><div class=\"t m0 x27a h38 y343e ff88 fs5 fc3 sc0 ls9 ws1\">(4.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa24 y36ee w36 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa25 y36ee w36 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa26 y36ee w36 h5d\"><div class=\"t m0 x27a h38 y343e ff89 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36ef w1cb h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls9 ws1\">Reclassifications to intangible assets<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9df y36ef w8c h64\"><div class=\"t m0 x27a h38 y3453 ff88 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9e0 y36ef w43 h64\"><div class=\"t m0 x27a h38 y3453 ff88 fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9e1 y36ef w3a h64\"><div class=\"t m0 x27a h38 y3453 ff88 fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa27 y36ef w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa28 y36ef w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls9 ws1\">(0.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa29 y36ef w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36f0 w1cc h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls9 ws1\">Asset retirements<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9e5 y36f0 w34 h5f\"><div class=\"t m0 x27a h38 y3453 ff88 fs5 fc3 sc0 ls57 ws46\">(22.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9e6 y36f0 w34 h5f\"><div class=\"t m0 x27a h38 y3453 ff88 fs5 fc3 sc0 ls57 ws46\">(38.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9e7 y36f0 w34 h5f\"><div class=\"t m0 x27a h38 y3453 ff88 fs5 fc3 sc0 ls57 ws46\">(61.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9e8 y36f0 w43 h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls9 ws1\">(3.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9e9 y36f0 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls57 ws46\">(27.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ea y36f0 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls57 ws46\">(31.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36f1 w1c7 h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9eb y36f1 w3a h5f\"><div class=\"t m0 x27a h38 y3453 ff88 fs5 fc3 sc0 ls9 ws1\">(0.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ec y36f1 w43 h5f\"><div class=\"t m0 x27a h38 y3453 ff88 fs5 fc3 sc0 ls9 ws1\">(1.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ed y36f1 w43 h5f\"><div class=\"t m0 x27a h38 y3453 ff88 fs5 fc3 sc0 ls9 ws1\">(1.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa2a y36f1 w26 h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa2b y36f1 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls57 ws46\">1.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa2c y36f1 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls57 ws46\">1.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36f2 w173 h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9f1 y36f2 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff88 fs5 fc3 sc0 ls57 ws46\">36.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa2d y36f2 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff88 fs5 fc3 sc0 ls57 ws46\">73.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa2e y36f2 w3b h5f\"><div class=\"t m0 x27a h38 y3453 ff88 fs5 fc3 sc0 ls57 ws46\">109.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa2f y36f2 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls57 ws46\">42.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa30 y36f2 w3f h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls57 ws46\">98.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa31 y36f2 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls57 ws46\">141.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y36f3 ff88 fs5 fc3 sc0 ls57 ws46\">Net book value<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y36f4 w1b3 h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9bc y36f4 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff88 fs5 fc3 sc0 ls57 ws46\">53.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9f7 y36f4 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff88 fs5 fc3 sc0 ls57 ws46\">47.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9f8 y36f4 w3b h5f\"><div class=\"t m0 x27a h38 y3453 ff88 fs5 fc3 sc0 ls57 ws46\">101.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9f9 y36f4 w3f h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls57 ws46\">59.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9fa y36f4 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls57 ws46\">69.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9fb y36f4 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls57 ws46\">129.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w173 h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9f1 y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff88 fs5 fc3 sc0 ls57 ws46\">44.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa2d y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff88 fs5 fc3 sc0 ls57 ws46\">35.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa32 y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff88 fs5 fc3 sc0 ls57 ws46\">80.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9f9 y3455 w3f h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls57 ws46\">53.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9fa y3455 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls57 ws46\">47.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9fb y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff89 fs5 fc3 sc0 ls57 ws46\">101.1<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h3e ff89 fs1c fc3 sc0 ls9 ws1 gs49c\">2<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3e ff89 fs1c fc3 sc0 ls9 ws1 gs49d\">1<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3e ff89 fs1c fc3 sc0 ls9 ws1 gs49e\">2<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff89 fs8 fc3 sc0 ls58 ws47 gs49f\">1.<span class=\"_ _9\"> </span>The Group initially applied the amendments to IAS<span class=\"_ gs23c\"> </span>37 at 1<span class=\"_ gs23c\"> </span>January 2022 and the cumulative effect of applying the amendments was recognised as an opening balance adjustment to retained earnings.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff89 fs8 fc3 sc0 ls58 ws47 gs4a0\">2.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs23c\"> </span>December 2023 includes \u00a31.2m that was transferred at 30<span class=\"_ gs23c\"> </span>June 2023 and subsequently sold during the second half of the year.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff89 fs5 fc3 sc0 ls9 ws1 gs4a1\">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 fc3 sc0 ls57 ws46 gs4a2\">leased property.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff89 fs5 fc3 sc0 ls9 ws1 gs235\">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 fc3 sc0 ls9 ws1 gs236\">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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff89 fs5 fc3 sc0 ls9 ws1 gs4a3\">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 fc3 sc0 ls9 ws1 gs238\">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 fc3 sc0 ls9 ws1 gs4a4\">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=\"_ _2af\"> </span>Property, plant and equipment is stated at cost less accumulated depre<span class=\"_ _1\"></span>ciation and any impairment in value.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Freehold buildings and long leasehold property \u2013 up to 50 years.<span class=\"_ _2af\"> </span></span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Leasehold improvements \u2013 period of the lease.<span class=\"_ _2af\"> </span></span>\u2022<span class=\"_ _ae\"> </span>Plant and machinery \u2013 3 to 10 years.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Freehold buildings and long leasehold property \u2013 up to 50 years.<span class=\"_ _2af\"> </span></span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Leasehold improvements \u2013 period of the lease.<span class=\"_ _2af\"> </span></span>\u2022<span class=\"_ _ae\"> </span>Plant and machinery \u2013 3 to 10 years.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Freehold buildings and long leasehold property \u2013 up to 50 years.<span class=\"_ _2af\"> </span></span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Leasehold improvements \u2013 period of the lease.<span class=\"_ _2af\"> </span></span>\u2022<span class=\"_ _ae\"> </span>Plant and machinery \u2013 3 to 10 years.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span></span></span>Amortisation:<span class=\"ff8b fc1\"> <span class=\"fc3\">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=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>Intangible assets purchased or internally cap<span class=\"_ _1\"></span>italised \u2013 3 to 20 years.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Derecognition: <span class=\"ff8b\">Intangible assets are derecognised upon disposal, or when no future economic benefit<span class=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>1<span class=\"_ _2af\"> </span>1<span class=\"_ _2af\"> </span>2023<span class=\"_ _1e7\"> </span><span class=\"ff8d\">2022<span class=\"_ _2af\"> </span></span><table class=\"s w1d4 h95\" id=\"_ba77922f-2545-4767-ba5c-ca4ad43e8fd4\"><tr><td></td><td class=\"t m0 x31e h3b y36f5 ff8c fs8 fc3 sc0 ls58 ws47\">Intangible </td><td></td><td></td><td class=\"t m0 xa33 h3a y36f5 ff8d fs8 fc3 sc0 ls58 ws47\">Intangible<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x898 h3b y36f6 ff8c fs8 fc3 sc0 ls58 ws47\">assets </td><td></td><td></td><td class=\"t m0 x535 h3a y36f6 ff8d fs8 fc3 sc0 ls58 ws47\">assets<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x323 h3b y36f7 ff8c fs8 fc3 sc0 ls58 ws47\">acquired in </td><td class=\"t m0 xa34 h3b y36f7 ff8c fs8 fc3 sc0 ls58 ws47\">Capitalised/<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 x5c9 h3a y36f7 ff8d fs8 fc3 sc0 ls58 ws47\">acquired in<span class=\"_ _2af\"> </span></td><td class=\"t m0 xa35 h3a y36f7 ff8d fs8 fc3 sc0 ls58 ws47\">Capitalised/<span class=\"_ _2af\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 xa36 h3b y36f8 ff8c fs8 fc3 sc0 ls58 ws47\">business </td><td class=\"t m0 x32b h3b y36f8 ff8c fs8 fc3 sc0 ls58 ws47\">purchased<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 x327 h3a y36f8 ff8d fs8 fc3 sc0 ls58 ws47\">business<span class=\"_ _2af\"> </span></td><td class=\"t m0 x541 h3a y36f8 ff8d fs8 fc3 sc0 ls58 ws47\">purchased<span class=\"_ _2af\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 xa37 h3b y36f9 ff8c fs8 fc3 sc0 ls58 ws47\">combinations<span class=\"_ _2af\"> </span></td><td class=\"t m0 x9b9 h3b y36f9 ff8c fs8 fc3 sc0 ls58 ws47\">software<span class=\"_ _2af\"> </span></td><td class=\"t m0 xa38 h3b y36f9 ff8c fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td><td class=\"t m0 xa39 h3a y36f9 ff8d fs8 fc3 sc0 ls58 ws47\">combinations<span class=\"_ _2af\"> </span></td><td class=\"t m0 xa3a h3a y36f9 ff8d fs8 fc3 sc0 ls58 ws47\">software<span class=\"_ _2af\"> </span></td><td class=\"t m0 x276 h3a y36f9 ff8d fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x333 h3b y36fa ff8c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xa3b h3b y36fa ff8c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xa3c h3b y36fa ff8c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xa3d h3a y36fa ff8d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x80d h3a y36fa ff8d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x54f h3a y36fa ff8d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y36fb ff8c fs5 fc3 sc0 ls57 ws46\">Cost<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y36fc w1b3 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa3e y36fc w37 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">3.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa3f y36fc w2d h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">194.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa40 y36fc w3b h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">197.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa41 y36fc w3d h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">55.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa42 y36fc w3b h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">222.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa43 y36fc w2d h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">278.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36fd w1c2 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa44 y36fd w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa45 y36fd wbc h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">(15.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa46 y36fd w34 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">(15.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa47 y36fd w36 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa48 y36fd wbc h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">(33.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa49 y36fd w34 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">(33.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36fe w1c1 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">Additions<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa44 y36fe w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa4a y36fe w3d h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">32.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa4b y36fe w3d h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">32.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa4c y36fe w8c h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa4d y36fe w3f h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">27.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa4e y36fe w3d h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">27.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36ff w1c9 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">Disposals \u2013 included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa4f y36ff w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa50 y36ff w43 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">(2.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa51 y36ff w43 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">(2.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa52 y36ff w36 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa53 y36ff w34 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">(11.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa54 y36ff w34 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">(11.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3700 w1ca h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">Disposals \u2013 included in business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa55 y3700 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa56 y3700 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa57 y3700 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa58 y3700 w8c h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa59 y3700 w3a h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">(0.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa5a y3700 w3a h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">(0.5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y3701 ff8d fs5 fc3 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2af\"> </span></td><td class=\"c n xa5b y3702 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa5c y3702 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">(15.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa5d y3702 wbc h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">(15.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa5e y3702 w8c h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa5f y3702 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa60 y3702 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3703 w1d5 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">Reclassifications to property, plant and equipment<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa44 y3703 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa61 y3703 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">1.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa62 y3703 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">1.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa63 y3703 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa64 y3703 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa65 y3703 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3704 w1cc h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">Asset retirements<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa44 y3704 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa45 y3704 wbc h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">(20.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa46 y3704 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">(20.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa66 y3704 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">(53.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa67 y3704 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">(11.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa68 y3704 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">(64.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3705 w1c7 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa69 y3705 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa6a y3705 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa6b y3705 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa6c y3705 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa6d y3705 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa6e y3705 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">1.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3706 w173 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa6f y3706 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">3.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa70 y3706 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">175.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa71 y3706 w2d h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">178.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa72 y3706 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">3.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa73 y3706 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">194.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x294 y3706 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">197.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y3707 ff8c fs5 fc3 sc0 ls9 ws1\">Amortisation and impairment<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y3708 w1b3 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa74 y3708 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa75 y3708 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">89.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa76 y3708 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">91.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa77 y3708 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">49.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa78 y3708 w3f h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">81.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa79 y3708 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">130.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3709 w1d6 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">Amortisation charged in the year - included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa7a y3709 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa7b y3709 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">25.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa7c y3709 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">25.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa7d y3709 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa7e y3709 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">25.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa7f y3709 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">25.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y370a w1d7 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">Amortisation charged in the year - excluded from adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa80 y370a w26 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa81 y370a w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa82 y370a w37 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa83 y370a w26 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa84 y370a w36 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa85 y370a w37 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y370b w11b h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">Amortisation charged in the year - included in business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa44 y370b w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa86 y370b w37 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa87 y370b w26 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa47 y370b w36 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa88 y370b w3d h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">10.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa89 y370b w7a h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">10.<span class=\"_ _2b\"></span>9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y370c w1d0 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">Impairment \u2013 included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa44 y370c w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa86 y370c w37 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">0.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa87 y370c w26 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">0.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa47 y370c w36 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa8a y370c w37 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa8b y370c w37 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y370d w1d3 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">Impairment \u2013 included in business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa8c y370d w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa8d y370d w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa8e y370d w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa8f y370d w36 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa90 y370d w37 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa91 y370d w1d1 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y370e w1c2 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa44 y370e w36 h64\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa92 y370e w43 h64\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">(7.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa93 y370e w43 h64\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">(7.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa94 y370e w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa95 y370e w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">(12.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa96 y370e wbc h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">(12.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y370f w1c9 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">Disposals \u2013 included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa4f y370f w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa50 y370f w43 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">(1.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa51 y370f w43 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">(1.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa52 y370f w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa53 y370f w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">(10.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa54 y370f w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">(10.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3710 w1ca h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">Disposals \u2013 included in business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa55 y3710 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa56 y3710 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa57 y3710 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa58 y3710 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa59 y3710 w3a h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">(0.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa5a y3710 w3a h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">(0.5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y3711 ff8d fs5 fc3 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2af\"> </span></td><td class=\"c n xa5b y3484 w8c h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa97 y3484 w3a h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">(5.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa98 y3484 w3a h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">(5.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa99 y3484 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa9a y3484 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa9b y3484 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3485 w1d5 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">Reclassifications to property, plant and equipment<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa44 y3485 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa86 y3485 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">0.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa87 y3485 w26 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">0.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa47 y3485 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa9c y3485 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa9d y3485 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3712 w1cc h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">Asset retirements<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa44 y3712 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa45 y3712 wbc h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">(20.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa46 y3712 w34 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">(20.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa66 y3712 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">(53.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa67 y3712 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">(11.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa68 y3712 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">(64.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3713 w1c7 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa69 y3713 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa9e y3713 w8c h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa9f y3713 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa0 y3713 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa1 y3713 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa2 y3713 w26 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3714 w173 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa6f y3714 w26 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">2.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa3 y3714 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">85.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa4 y3714 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">88.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa5 y3714 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa6 y3714 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">89.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa7 y3714 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">91.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y3715 ff8c fs5 fc3 sc0 ls57 ws46\">Net book value<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y348a w1b3 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa74 y348a w26 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa8 y348a w3b h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">105.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa9 y348a w2d h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">106.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaaa y348a w26 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">5.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaab y348a w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">141.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaac y348a w2d h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">147.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y348b w173 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa6f y348b w26 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa3 y348b w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">89.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa4 y348b w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">90.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa5 y348b w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaad y348b w2d h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">105.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaae y348b w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">106.0<span class=\"_ _2af\"> </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=\"_ gs23c\"> </span>December 2023 includes \u00a39.9m that was transferred at 30<span class=\"_ gs23c\"> </span>June 2023 and subsequently sold during the second half of the year.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span></span>",
   "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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span></span></span>Amortisation:<span class=\"ff8b fc1\"> <span class=\"fc3\">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=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>Intangible assets purchased or internally cap<span class=\"_ _1\"></span>italised \u2013 3 to 20 years.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Derecognition: <span class=\"ff8b\">Intangible assets are derecognised upon disposal, or when no future economic benefit<span class=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><div class=\"t m0 h3e ff8d fs1c fc3 sc0 ls9 ws1 gs4cb\">1<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3e ff8d fs1c fc3 sc0 ls9 ws1 gs4cc\">1<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff8c fs8 fc3 sc0 ls58 ws47 gs4cd\">2023<span class=\"_ _1e7\"> </span><span class=\"ff8d\">2022<span class=\"_ _2af\"> </span></span></div><div class=\"gs4ce\"><table class=\"s w1d4 h95\" id=\"_ba77922f-2545-4767-ba5c-ca4ad43e8fd4\"><tr><td></td><td class=\"t m0 x31e h3b y36f5 ff8c fs8 fc3 sc0 ls58 ws47\">Intangible </td><td></td><td></td><td class=\"t m0 xa33 h3a y36f5 ff8d fs8 fc3 sc0 ls58 ws47\">Intangible<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x898 h3b y36f6 ff8c fs8 fc3 sc0 ls58 ws47\">assets </td><td></td><td></td><td class=\"t m0 x535 h3a y36f6 ff8d fs8 fc3 sc0 ls58 ws47\">assets<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x323 h3b y36f7 ff8c fs8 fc3 sc0 ls58 ws47\">acquired in </td><td class=\"t m0 xa34 h3b y36f7 ff8c fs8 fc3 sc0 ls58 ws47\">Capitalised/<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 x5c9 h3a y36f7 ff8d fs8 fc3 sc0 ls58 ws47\">acquired in<span class=\"_ _2af\"> </span></td><td class=\"t m0 xa35 h3a y36f7 ff8d fs8 fc3 sc0 ls58 ws47\">Capitalised/<span class=\"_ _2af\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 xa36 h3b y36f8 ff8c fs8 fc3 sc0 ls58 ws47\">business </td><td class=\"t m0 x32b h3b y36f8 ff8c fs8 fc3 sc0 ls58 ws47\">purchased<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 x327 h3a y36f8 ff8d fs8 fc3 sc0 ls58 ws47\">business<span class=\"_ _2af\"> </span></td><td class=\"t m0 x541 h3a y36f8 ff8d fs8 fc3 sc0 ls58 ws47\">purchased<span class=\"_ _2af\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 xa37 h3b y36f9 ff8c fs8 fc3 sc0 ls58 ws47\">combinations<span class=\"_ _2af\"> </span></td><td class=\"t m0 x9b9 h3b y36f9 ff8c fs8 fc3 sc0 ls58 ws47\">software<span class=\"_ _2af\"> </span></td><td class=\"t m0 xa38 h3b y36f9 ff8c fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td><td class=\"t m0 xa39 h3a y36f9 ff8d fs8 fc3 sc0 ls58 ws47\">combinations<span class=\"_ _2af\"> </span></td><td class=\"t m0 xa3a h3a y36f9 ff8d fs8 fc3 sc0 ls58 ws47\">software<span class=\"_ _2af\"> </span></td><td class=\"t m0 x276 h3a y36f9 ff8d fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x333 h3b y36fa ff8c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xa3b h3b y36fa ff8c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xa3c h3b y36fa ff8c fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xa3d h3a y36fa ff8d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x80d h3a y36fa ff8d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x54f h3a y36fa ff8d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y36fb ff8c fs5 fc3 sc0 ls57 ws46\">Cost<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y36fc w1b3 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa3e y36fc w37 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">3.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa3f y36fc w2d h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">194.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa40 y36fc w3b h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">197.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa41 y36fc w3d h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">55.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa42 y36fc w3b h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">222.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa43 y36fc w2d h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">278.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36fd w1c2 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa44 y36fd w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa45 y36fd wbc h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">(15.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa46 y36fd w34 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">(15.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa47 y36fd w36 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa48 y36fd wbc h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">(33.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa49 y36fd w34 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">(33.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36fe w1c1 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">Additions<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa44 y36fe w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa4a y36fe w3d h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">32.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa4b y36fe w3d h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">32.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa4c y36fe w8c h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa4d y36fe w3f h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">27.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa4e y36fe w3d h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">27.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36ff w1c9 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">Disposals \u2013 included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa4f y36ff w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa50 y36ff w43 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">(2.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa51 y36ff w43 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">(2.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa52 y36ff w36 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa53 y36ff w34 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">(11.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa54 y36ff w34 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">(11.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3700 w1ca h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">Disposals \u2013 included in business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa55 y3700 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa56 y3700 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa57 y3700 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa58 y3700 w8c h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa59 y3700 w3a h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">(0.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa5a y3700 w3a h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">(0.5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y3701 ff8d fs5 fc3 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2af\"> </span></td><td class=\"c n xa5b y3702 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa5c y3702 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">(15.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa5d y3702 wbc h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">(15.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa5e y3702 w8c h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa5f y3702 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa60 y3702 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3703 w1d5 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">Reclassifications to property, plant and equipment<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa44 y3703 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa61 y3703 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">1.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa62 y3703 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">1.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa63 y3703 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa64 y3703 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa65 y3703 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3704 w1cc h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">Asset retirements<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa44 y3704 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa45 y3704 wbc h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">(20.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa46 y3704 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">(20.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa66 y3704 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">(53.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa67 y3704 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">(11.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa68 y3704 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">(64.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3705 w1c7 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa69 y3705 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa6a y3705 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa6b y3705 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa6c y3705 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa6d y3705 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa6e y3705 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">1.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3706 w173 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa6f y3706 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">3.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa70 y3706 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">175.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa71 y3706 w2d h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">178.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa72 y3706 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">3.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa73 y3706 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">194.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x294 y3706 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">197.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y3707 ff8c fs5 fc3 sc0 ls9 ws1\">Amortisation and impairment<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y3708 w1b3 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa74 y3708 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa75 y3708 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">89.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa76 y3708 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">91.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa77 y3708 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">49.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa78 y3708 w3f h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">81.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa79 y3708 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">130.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3709 w1d6 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">Amortisation charged in the year - included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa7a y3709 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa7b y3709 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">25.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa7c y3709 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">25.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa7d y3709 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa7e y3709 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">25.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa7f y3709 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">25.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y370a w1d7 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">Amortisation charged in the year - excluded from adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa80 y370a w26 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa81 y370a w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa82 y370a w37 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa83 y370a w26 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa84 y370a w36 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa85 y370a w37 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y370b w11b h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">Amortisation charged in the year - included in business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa44 y370b w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa86 y370b w37 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa87 y370b w26 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa47 y370b w36 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa88 y370b w3d h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">10.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa89 y370b w7a h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">10.<span class=\"_ _2b\"></span>9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y370c w1d0 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">Impairment \u2013 included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa44 y370c w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa86 y370c w37 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">0.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa87 y370c w26 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls57 ws46\">0.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa47 y370c w36 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa8a y370c w37 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa8b y370c w37 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y370d w1d3 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">Impairment \u2013 included in business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa8c y370d w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa8d y370d w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa8e y370d w36 h5b\"><div class=\"t m0 x27a h38 y343e ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa8f y370d w36 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa90 y370d w37 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa91 y370d w1d1 h5d\"><div class=\"t m0 x27a h38 y343e ff8d fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y370e w1c2 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa44 y370e w36 h64\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa92 y370e w43 h64\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">(7.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa93 y370e w43 h64\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">(7.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa94 y370e w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa95 y370e w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">(12.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa96 y370e wbc h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">(12.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y370f w1c9 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">Disposals \u2013 included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa4f y370f w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa50 y370f w43 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">(1.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa51 y370f w43 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">(1.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa52 y370f w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa53 y370f w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">(10.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa54 y370f w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">(10.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3710 w1ca h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">Disposals \u2013 included in business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa55 y3710 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa56 y3710 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa57 y3710 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa58 y3710 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa59 y3710 w3a h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">(0.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa5a y3710 w3a h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">(0.5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y3711 ff8d fs5 fc3 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2af\"> </span></td><td class=\"c n xa5b y3484 w8c h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa97 y3484 w3a h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">(5.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa98 y3484 w3a h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">(5.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa99 y3484 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa9a y3484 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa9b y3484 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3485 w1d5 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">Reclassifications to property, plant and equipment<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa44 y3485 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa86 y3485 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">0.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa87 y3485 w26 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">0.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa47 y3485 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa9c y3485 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa9d y3485 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3712 w1cc h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">Asset retirements<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa44 y3712 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa45 y3712 wbc h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">(20.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa46 y3712 w34 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">(20.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa66 y3712 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">(53.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa67 y3712 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">(11.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa68 y3712 w34 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">(64.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3713 w1c7 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa69 y3713 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa9e y3713 w8c h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa9f y3713 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa0 y3713 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa1 y3713 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa2 y3713 w26 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3714 w173 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa6f y3714 w26 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">2.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa3 y3714 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">85.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa4 y3714 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">88.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa5 y3714 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa6 y3714 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">89.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa7 y3714 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">91.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y3715 ff8c fs5 fc3 sc0 ls57 ws46\">Net book value<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y348a w1b3 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa74 y348a w26 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa8 y348a w3b h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">105.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa9 y348a w2d h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">106.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaaa y348a w26 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">5.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaab y348a w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">141.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaac y348a w2d h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">147.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y348b w173 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xa6f y348b w26 h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa3 y348b w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">89.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa4 y348b w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff8c fs5 fc3 sc0 ls57 ws46\">90.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaa5 y348b w37 h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaad y348b w2d h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">105.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaae y348b w3b h5e\"><div class=\"t m0 x27a h38 y3453 ff8d fs5 fc3 sc0 ls57 ws46\">106.0<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h3a ff8d fs8 fc3 sc0 ls58 ws47 gs4cf\">1.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs23c\"> </span>December 2023 includes \u00a39.9m that was transferred at 30<span class=\"_ gs23c\"> </span>June 2023 and subsequently sold during the second half of the year.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff8d fs5 fc3 sc0 ls9 ws1 gs4d0\">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=\"_ _2af\"> </span></span><span class=\"ls57 ws46\"> </span></div><div class=\"t m0 h38 ff8d fs5 fc3 sc0 ls57 ws46 gs4d1\">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=\"_ _2af\"> </span></span></div>3.4 Goodwill<span class=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><div class=\"gs23b\"><table class=\"s w1d8 h96\" id=\"_f3f23716-ddc7-4dca-a425-c0b29c891074\"><tr><td></td><td class=\"t m0 x2fc h3b y3716 ff8e fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2fd h3a y3716 ff8f fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x2ff h3b y3717 ff8e fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y3717 ff8f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y3718 ff8e fs5 fc3 sc0 ls57 ws46\">Cost<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x27b y3719 w1b3 h5c\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaaf y3719 w27 h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls57 ws46\">1,423.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xab0 y3719 w27 h5c\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls57 ws46\">1,676.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y371a w1c2 h5c\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2af\"> </span></div></td><td class=\"c n xab1 y371a w31 h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls57 ws46\">(199.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xab2 y371a w31 h5c\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls57 ws46\">(255.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y371b ff8f fs5 fc3 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2af\"> </span></td><td class=\"c n xab3 y371c w31 h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls57 ws46\">(149.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xab4 y371c w36 h5c\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y371d w1c7 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ad y371d w3a h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls9 ws1\">(0.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xab5 y371d w26 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls57 ws46\">1.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y371e w173 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xab6 y371e w27 h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls57 ws46\">1,074.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xab7 y371e w28 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls57 ws46\">1,423.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y371f ff8e fs5 fc3 sc0 ls57 ws46\">Accumulated impairment<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x27b y35f9 w1b3 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n xab8 y35f9 w2d h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls57 ws46\">817.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x480 y35f9 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls57 ws46\">725.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3720 w1c2 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2af\"> </span></div></td><td class=\"c n xab1 y3720 w31 h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls57 ws46\">(196.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xab9 y3720 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls57 ws46\">(76.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y3721 ff8f fs5 fc3 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2af\"> </span></td><td class=\"c n xaba y3722 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls57 ws46\">(84.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xabb y3722 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3465 w1d9 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls9 ws1\">Impairment \u2013 excluded from adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xabc y3465 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls57 ws46\">42.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b6 y3465 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls57 ws46\">169.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3723 w173 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9af y3723 w2d h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls57 ws46\">578.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9b0 y3723 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls57 ws46\">817.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y3724 ff8e fs5 fc3 sc0 ls57 ws46\">Net book value<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x27b y3725 w1b3 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n xab8 y3725 w2d h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls57 ws46\">605.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x480 y3725 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls57 ws46\">951.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y346b w173 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9af y346b w2d h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls57 ws46\">495.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9b0 y346b w3b h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls57 ws46\">605.9<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h3e ff8f fs1c fc3 sc0 ls9 ws1 gs4ef\">1<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3e ff8f fs1c fc3 sc0 ls9 ws1 gs4f0\">1<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff8f fs8 fc3 sc0 ls58 ws47 gs4f1\">1.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs23c\"> </span>December 2023<span class=\"ls9 ws1\"> inclu</span>des \u00a349.3m that was transferred at 30<span class=\"_ gs23c\"> </span>June 2023 </div><div class=\"t m0 h3a ff8f fs8 fc3 sc0 ls58 ws47 gs4f2\">and subsequently sold during the second half of the year.<span class=\"_ _2af\"> </span></div>Cash-generating units<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Carrying amount of goodwill allocated to groups of CGUs:<span class=\"_ _2af\"> </span><table class=\"s w1da h97\" id=\"_dae865fc-28e9-4f1a-b721-4a17164a936e\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 xabd h3b y3726 ff91 fs8 fc3 sc0 ls58 ws47\">Capita Portfolio<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c xabe y3727 w18 h4e\"><div class=\"t m0 x238 h3b y2b10 ff91 fs8 fc3 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 xabf h3b y3728 ff91 fs8 fc3 sc0 ls58 ws47\">Public </td><td class=\"c xac0 y3727 w19 h4e\"><div class=\"t m0 x239 h3b y2b13 ff91 fs8 fc3 sc0 ls58 ws47\">Capita  </div></td><td></td><td class=\"c xac1 y3727 w1a h4e\" colspan=\"2\"><div class=\"t m0 x23b h3b y2b13 ff91 fs8 fc3 sc0 ls58 ws47\">Business  </div></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xac2 h3b y3729 ff91 fs8 fc3 sc0 ls58 ws47\">Service </td><td class=\"t m0 xac3 h3b y3729 ff91 fs8 fc3 sc0 ls58 ws47\">Experience </td><td class=\"t m0 xac4 h3b y3729 ff91 fs8 fc3 sc0 ls58 ws47\">People </td><td class=\"t m0 xac5 h3b y3729 ff91 fs8 fc3 sc0 ls58 ws47\">Software </td><td class=\"t m0 x663 h3b y3729 ff91 fs8 fc3 sc0 ls58 ws47\">Solutions </td><td class=\"t m0 x7e6 h3b y3729 ff91 fs8 fc3 sc0 ls58 ws47\">Travel </td><td class=\"t m0 xac6 h3b y3729 ff91 fs8 fc3 sc0 ls58 ws47\">Fera </td><td class=\"t m0 xac7 h3b y3729 ff91 fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x295 h3a y372a ff92 fs8 fc3 sc0 ls58 ws47\">CGU<span class=\"_ _2af\"> </span></td><td class=\"t m0 xac8 h3b y372a ff91 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x806 h3b y372a ff91 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xac9 h3b y372a ff91 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xaca h3b y372a ff91 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4ca h3b y372a ff91 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6ac h3b y372a ff91 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66c h3b y372a ff91 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5d5 h3b y372a ff91 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h38 y372b ff92 fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></td><td class=\"c n xacb y372c w5e h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls57 ws46\">284.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xacc y372c w5e h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls57 ws46\">209.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xacd y372c w62 h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xace y372c w3d h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls57 ws46\">36.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xacf y372c w3d h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls57 ws46\">21.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xad0 y372c w3d h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls57 ws46\">36.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xad1 y372c w5d h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls57 ws46\">15.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xad2 y372c w5e h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls57 ws46\">605.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y372d w1db h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls9 ws1\">Reclassifications<span class=\"_ _2af\"> </span></div></td><td class=\"c n xad3 y372d w37 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls57 ws46\">1.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xad4 y372d w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xad5 y372d w72 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xad6 y372d w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xad7 y372d wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">(1.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xad8 y372d w72 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xad9 y372d w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xada y372d w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y372e w1c2 h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2af\"> </span></div></td><td class=\"c n xadb y372e w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xadc y372e w72 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xadd y372e wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">(1.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xade y372e w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xadf y372e w72 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xae0 y372e wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">(1.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xae1 y372e w72 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xae2 y372e wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">(3.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y372f ff92 fs5 fc3 sc0 ls9 ws1\">Transfer to assets held for sale<span class=\"_ _2af\"> </span></td><td class=\"c n xae3 y3730 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xae4 y3730 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xae5 y3730 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xae6 y3730 w34 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls57 ws46\">(36.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xae7 y3730 w34 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls57 ws46\">(13.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xae8 y3730 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xae9 y3730 w34 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls57 ws46\">(15.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaea y3730 wa0 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls57 ws46\">(64.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y3731 ff92 fs5 fc3 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 x27b y3732 w1dc h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls9 ws1\">profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaeb y3732 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaec y3732 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaed y3732 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaee y3732 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaef y3732 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">(6.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf0 y3732 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls57 ws46\">(35.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf1 y3732 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf2 y3732 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls57 ws46\">(42.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3733 w1c7 h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf3 y3733 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf4 y3733 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">(0.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf5 y3733 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf6 y3733 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf7 y3733 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf8 y3733 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf9 y3733 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xafa y3733 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">(0.5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w1dd h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls57 ws46\">At 31<span class=\"_ gs15\"> </span>December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xafb y3455 w5e h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls57 ws46\">286.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xafc y3455 w5e h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls57 ws46\">209.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf5 y3455 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf6 y3455 w72 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf7 y3455 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf8 y3455 w72 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf9 y3455 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xafd y3455 w5e h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls57 ws46\">495.7<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span>1.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs23c\"> </span>December 2023 includes \u00a349.3m that was transferred at 30<span class=\"_ gs23c\"> </span>June 2023 and subsequently sold during the second half of the year.<span class=\"_ _2af\"> </span>Business exits<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>The impairment test<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><div class=\"t m0 h38 ff94 fs5 fc1 sc0 ls9 ws1 gs529\">Forecast cash flows<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc3 sc0 ls9 ws1 gs52a\">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 fc3 sc0 ls9 ws1 gs52b\">(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 fc3 sc0 ls9 ws1 gs52c\">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 fc3 sc0 ls9 ws1 gs52d\">deliver, in particular in the Capita Experience CGU given recent past performan<span class=\"_ _1\"></span>ce.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc3 sc0 ls57 ws46 gs52e\">The going concern severe but plausible downside scenarios have taken account of the potential<span class=\"_ _2b\"></span> adverse </div><div class=\"t m0 h38 ff94 fs5 fc3 sc0 ls9 ws1 gs52f\">financial impacts resulting from the following risks, which include the key assumptions n<span class=\"_ _1\"></span>oted above:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc3 sc0 ls9 ws1 gs530\">\u2022<span class=\"_ _ae\"> </span>revenue growth falling materially short of plan;<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc3 sc0 ls9 ws1 gs531\">\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">operating profit margin expansion not being achieved;<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff94 fs5 fc3 sc0 ls9 ws1 gs532\">\u2022<span class=\"_ _ae\"> </span>targeted cost savings delayed or not delivere<span class=\"_ _1\"></span>d;<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc3 sc0 ls9 ws1 gs533\">\u2022<span class=\"_ _ae\"> </span>additional inflationary cost impacts which cannot b<span class=\"_ _1\"></span>e passed on to customers;<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc3 sc0 ls9 ws1 gs534\">\u2022<span class=\"_ _ae\"> </span>unforeseen operational issues leading<span class=\"_ _1\"></span> to contract losses and cash outflows; and<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc3 sc0 ls9 ws1 gs535\">\u2022<span class=\"_ _ae\"> </span>unexpected financial costs linked to incidents su<span class=\"_ _1\"></span>ch as data breaches and/or cyber-attacks.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc3 sc0 ls9 ws1 gs536\">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 fc3 sc0 ls9 ws1 gs537\">impairment test performed.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc3 sc0 ls9 ws1 gs538\">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 fc3 sc0 ls9 ws1 gs539\">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 fc3 sc0 ls57 ws46 gs53a\">amount.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc1 sc0 ls9 ws1 gs53b\">Allocation of central function costs<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc3 sc0 ls57 ws46 gs53c\">The Board has considered an appropriate methodology to apply when allocating central funct<span class=\"_ _2b\"></span>ion costs. The </div><div class=\"t m0 h38 ff94 fs5 fc3 sc0 ls57 ws46 gs53d\">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 fc3 sc0 ls9 ws1 gs53e\">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 fc3 sc0 ls9 ws1 gs53f\">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 fc3 sc0 ls9 ws1 gs540\">2024 forecast Earnings before Interest, Tax, Depreciation and Amortisa<span class=\"_ _1\"></span>tion (EBITDA).<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc1 sc0 ls9 ws1 gs541\">Long-term growth rate<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc3 sc0 ls9 ws1 gs542\">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 fc3 sc0 ls9 ws1 gs543\">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 fc3 sc0 ls9 ws1 gs544\">long-term growth rate is 1.7% (<span class=\"ls57 ws46\">2022</span>: 2.2%).<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc1 sc0 ls9 ws1 gs546\">Discount rates<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc3 sc0 ls9 ws1 gs547\">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 fc3 sc0 ls9 ws1 gs548\">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 fc3 sc0 ls9 ws1 gs549\">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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc3 sc0 ls9 ws1 gs54a\">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=\"_ _2af\"> </span></div><div class=\"gs54b\"><table class=\"s w1de h98\" id=\"_f384c4f6-e7c2-4d4d-a865-90a849a60f72\"><tr><td></td><td class=\"t m0 xafe h3b y3734 ff93 fs8 fc3 sc0 ls58 ws47\">Capita Public </td><td class=\"t m0 x7c2 h3b y3734 ff93 fs8 fc3 sc0 ls58 ws47\">Capita </td></tr><tr><td></td><td class=\"t m0 xaff h3b y3735 ff93 fs8 fc3 sc0 ls58 ws47\">Service<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb00 h3b y3735 ff93 fs8 fc3 sc0 ls58 ws47\">Experience<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3454 w1df h5b\"><div class=\"t m0 x27a h38 y343e ff93 fs5 fc3 sc0 ls57 ws46\">2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb01 y3454 w1e0 h5d\"><div class=\"t m0 x27a h38 y343e ff94 fs5 fc3 sc0 ls57 ws46\">11.0 <span class=\"_ _7\"></span>%<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb02 y3454 w1e1 h5d\"><div class=\"t m0 x27a h38 y343e ff94 fs5 fc3 sc0 ls61 ws50\">9 . 2  <span class=\"_ _7\"></span>%<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w1df h5b\"><div class=\"t m0 x27a h38 y343e ff93 fs5 fc3 sc0 ls57 ws46\">2022<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb01 y3455 w1e0 h5d\"><div class=\"t m0 x27a h38 y343e ff94 fs5 fc3 sc0 ls57 ws46\">11.8 <span class=\"_ _7\"></span>%<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb03 y3455 w1e0 h5d\"><div class=\"t m0 x27a h38 y343e ff94 fs5 fc3 sc0 ls57 ws46\">10.4 <span class=\"_ _7\"></span>%<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h39 ff93 fs5 fc1 sc0 ls57 ws46 gs54c\">Sensitivity analysis<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc3 sc0 ls9 ws1 gs54d\">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 fc3 sc0 ls9 ws1 gs54e\">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 fc3 sc0 ls9 ws1 gs54f\">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 fc3 sc0 ls9 ws1 gs550\">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 fc3 sc0 ls9 ws1 gs551\">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 fc3 sc0 ls57 ws46 gs552\">varied.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc3 sc0 ls9 ws1 gs553\">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 fc3 sc0 ls9 ws1 gs554\">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 fc3 sc0 ls9 ws1 gs555\">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 fc3 sc0 ls9 ws1 gs556\">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 fc3 sc0 ls9 ws1 gs557\">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 fc3 sc0 ls9 ws1 gs558\">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 fc3 sc0 ls9 ws1 gs559\">the scenarios together, which is also a reasonable possible alterna<span class=\"_ _1\"></span>tive.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc3 sc0 ls9 ws1 gs55a\">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 fc3 sc0 ls9 ws1 gs55b\">combination sensitivity scenario.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff93 fs5 fc1 sc0 ls57 ws46 gs55c\">Comparison to share price and market capitalisation<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc3 sc0 ls9 ws1 gs55d\">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 fc3 sc0 ls9 ws1 gs55e\">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 fc3 sc0 ls9 ws1 gs55f\">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 fc3 sc0 ls9 ws1 gs560\">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 fc3 sc0 ls9 ws1 gs561\">indicate additional indicators of impairment in respect of the Group\u2019s go<span class=\"_ _1\"></span>odwill balances.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc3 sc0 ls9 ws1 gs562\">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 fc3 sc0 ls9 ws1 gs563\">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 fc3 sc0 ls9 ws1 gs564\">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 fc3 sc0 ls9 ws1 gs565\">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 fc3 sc0 ls9 ws1 gs566\">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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc3 sc0 ls9 ws1 gs567\">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 fc3 sc0 ls9 ws1 gs568\">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 fc3 sc0 ls57 ws46 gs569\">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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span></span></span>Amortisation:<span class=\"ff8b fc1\"> <span class=\"fc3\">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=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>Intangible assets purchased or internally cap<span class=\"_ _1\"></span>italised \u2013 3 to 20 years.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Derecognition: <span class=\"ff8b\">Intangible assets are derecognised upon disposal, or when no future economic benefit<span class=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span></span></span>Amortisation:<span class=\"ff8b fc1\"> <span class=\"fc3\">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=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>Intangible assets purchased or internally cap<span class=\"_ _1\"></span>italised \u2013 3 to 20 years.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Derecognition: <span class=\"ff8b\">Intangible assets are derecognised upon disposal, or when no future economic benefit<span class=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w1d8 h96\" id=\"_f3f23716-ddc7-4dca-a425-c0b29c891074\"><tr><td></td><td class=\"t m0 x2fc h3b y3716 ff8e fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2fd h3a y3716 ff8f fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x2ff h3b y3717 ff8e fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y3717 ff8f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y3718 ff8e fs5 fc3 sc0 ls57 ws46\">Cost<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x27b y3719 w1b3 h5c\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaaf y3719 w27 h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls57 ws46\">1,423.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xab0 y3719 w27 h5c\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls57 ws46\">1,676.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y371a w1c2 h5c\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2af\"> </span></div></td><td class=\"c n xab1 y371a w31 h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls57 ws46\">(199.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xab2 y371a w31 h5c\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls57 ws46\">(255.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y371b ff8f fs5 fc3 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2af\"> </span></td><td class=\"c n xab3 y371c w31 h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls57 ws46\">(149.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xab4 y371c w36 h5c\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y371d w1c7 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ad y371d w3a h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls9 ws1\">(0.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xab5 y371d w26 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls57 ws46\">1.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y371e w173 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xab6 y371e w27 h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls57 ws46\">1,074.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xab7 y371e w28 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls57 ws46\">1,423.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y371f ff8e fs5 fc3 sc0 ls57 ws46\">Accumulated impairment<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x27b y35f9 w1b3 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n xab8 y35f9 w2d h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls57 ws46\">817.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x480 y35f9 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls57 ws46\">725.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3720 w1c2 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2af\"> </span></div></td><td class=\"c n xab1 y3720 w31 h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls57 ws46\">(196.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xab9 y3720 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls57 ws46\">(76.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y3721 ff8f fs5 fc3 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2af\"> </span></td><td class=\"c n xaba y3722 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls57 ws46\">(84.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xabb y3722 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3465 w1d9 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls9 ws1\">Impairment \u2013 excluded from adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xabc y3465 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls57 ws46\">42.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b6 y3465 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls57 ws46\">169.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3723 w173 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9af y3723 w2d h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls57 ws46\">578.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9b0 y3723 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls57 ws46\">817.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y3724 ff8e fs5 fc3 sc0 ls57 ws46\">Net book value<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x27b y3725 w1b3 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n xab8 y3725 w2d h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls57 ws46\">605.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x480 y3725 w2d h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls57 ws46\">951.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y346b w173 h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9af y346b w2d h5b\"><div class=\"t m0 x27a h38 y343e ff8e fs5 fc3 sc0 ls57 ws46\">495.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9b0 y346b w3b h5d\"><div class=\"t m0 x27a h38 y343e ff8f fs5 fc3 sc0 ls57 ws46\">605.9<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span>1<span class=\"_ _2af\"> </span>1.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs23c\"> </span>December 2023<span class=\"ls9 ws1\"> inclu</span>des \u00a349.3m that was transferred at 30<span class=\"_ gs23c\"> </span>June 2023 and subsequently sold during the second half of the year.<span class=\"_ _2af\"> </span><div class=\"t m0 h39 ff91 fs5 fc1 sc0 ls57 ws46 gs4f4\">Cash-generating units<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff92 fs5 fc3 sc0 ls9 ws1 gs4f5\">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 fc3 sc0 ls9 ws1 gs4f6\">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 fc3 sc0 ls9 ws1 gs4f7\">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 fc3 sc0 ls9 ws1 gs4f8\">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 fc3 sc0 ls9 ws1 gs4f9\">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 fc3 sc0 ls57 ws46 gs4fa\">goodwill.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff92 fs5 fc3 sc0 ls9 ws1 gs4fb\">Carrying amount of goodwill allocated to groups of CGUs:<span class=\"_ _2af\"> </span></div><div class=\"gs4fc\"><table class=\"s w1da h97\" id=\"_dae865fc-28e9-4f1a-b721-4a17164a936e\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 xabd h3b y3726 ff91 fs8 fc3 sc0 ls58 ws47\">Capita Portfolio<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c xabe y3727 w18 h4e\"><div class=\"t m0 x238 h3b y2b10 ff91 fs8 fc3 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 xabf h3b y3728 ff91 fs8 fc3 sc0 ls58 ws47\">Public </td><td class=\"c xac0 y3727 w19 h4e\"><div class=\"t m0 x239 h3b y2b13 ff91 fs8 fc3 sc0 ls58 ws47\">Capita  </div></td><td></td><td class=\"c xac1 y3727 w1a h4e\" colspan=\"2\"><div class=\"t m0 x23b h3b y2b13 ff91 fs8 fc3 sc0 ls58 ws47\">Business  </div></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xac2 h3b y3729 ff91 fs8 fc3 sc0 ls58 ws47\">Service </td><td class=\"t m0 xac3 h3b y3729 ff91 fs8 fc3 sc0 ls58 ws47\">Experience </td><td class=\"t m0 xac4 h3b y3729 ff91 fs8 fc3 sc0 ls58 ws47\">People </td><td class=\"t m0 xac5 h3b y3729 ff91 fs8 fc3 sc0 ls58 ws47\">Software </td><td class=\"t m0 x663 h3b y3729 ff91 fs8 fc3 sc0 ls58 ws47\">Solutions </td><td class=\"t m0 x7e6 h3b y3729 ff91 fs8 fc3 sc0 ls58 ws47\">Travel </td><td class=\"t m0 xac6 h3b y3729 ff91 fs8 fc3 sc0 ls58 ws47\">Fera </td><td class=\"t m0 xac7 h3b y3729 ff91 fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x295 h3a y372a ff92 fs8 fc3 sc0 ls58 ws47\">CGU<span class=\"_ _2af\"> </span></td><td class=\"t m0 xac8 h3b y372a ff91 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x806 h3b y372a ff91 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xac9 h3b y372a ff91 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xaca h3b y372a ff91 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4ca h3b y372a ff91 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6ac h3b y372a ff91 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66c h3b y372a ff91 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5d5 h3b y372a ff91 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h38 y372b ff92 fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></td><td class=\"c n xacb y372c w5e h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls57 ws46\">284.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xacc y372c w5e h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls57 ws46\">209.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xacd y372c w62 h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xace y372c w3d h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls57 ws46\">36.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xacf y372c w3d h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls57 ws46\">21.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xad0 y372c w3d h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls57 ws46\">36.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xad1 y372c w5d h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls57 ws46\">15.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xad2 y372c w5e h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls57 ws46\">605.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y372d w1db h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls9 ws1\">Reclassifications<span class=\"_ _2af\"> </span></div></td><td class=\"c n xad3 y372d w37 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls57 ws46\">1.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xad4 y372d w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xad5 y372d w72 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xad6 y372d w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xad7 y372d wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">(1.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xad8 y372d w72 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xad9 y372d w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xada y372d w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y372e w1c2 h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2af\"> </span></div></td><td class=\"c n xadb y372e w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xadc y372e w72 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xadd y372e wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">(1.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xade y372e w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xadf y372e w72 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xae0 y372e wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">(1.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xae1 y372e w72 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xae2 y372e wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">(3.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y372f ff92 fs5 fc3 sc0 ls9 ws1\">Transfer to assets held for sale<span class=\"_ _2af\"> </span></td><td class=\"c n xae3 y3730 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xae4 y3730 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xae5 y3730 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xae6 y3730 w34 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls57 ws46\">(36.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xae7 y3730 w34 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls57 ws46\">(13.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xae8 y3730 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xae9 y3730 w34 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls57 ws46\">(15.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaea y3730 wa0 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls57 ws46\">(64.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y3731 ff92 fs5 fc3 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 x27b y3732 w1dc h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls9 ws1\">profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaeb y3732 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaec y3732 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaed y3732 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaee y3732 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaef y3732 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">(6.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf0 y3732 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls57 ws46\">(35.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf1 y3732 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf2 y3732 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls57 ws46\">(42.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3733 w1c7 h5d\"><div class=\"t m0 x27a h38 y343e ff92 fs5 fc3 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf3 y3733 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf4 y3733 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">(0.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf5 y3733 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf6 y3733 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf7 y3733 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf8 y3733 w72 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf9 y3733 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xafa y3733 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ff91 fs5 fc3 sc0 ls9 ws1\">(0.5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w1dd h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls57 ws46\">At 31<span class=\"_ gs15\"> </span>December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xafb y3455 w5e h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls57 ws46\">286.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xafc y3455 w5e h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls57 ws46\">209.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf5 y3455 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf6 y3455 w72 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf7 y3455 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf8 y3455 w72 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xaf9 y3455 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xafd y3455 w5e h64\"><div class=\"t m0 x27a h39 y34b5 ff91 fs5 fc3 sc0 ls57 ws46\">495.7<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h3e ff92 fs1c fc3 sc0 ls9 ws1 gs4fd\">1<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff92 fs8 fc3 sc0 ls58 ws47 gs4fe\">1.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs23c\"> </span>December 2023 includes \u00a349.3m that was transferred at 30<span class=\"_ gs23c\"> </span>June 2023 </div><div class=\"t m0 h3a ff92 fs8 fc3 sc0 ls58 ws47 gs4ff\">and subsequently sold during the second half of the year.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff91 fs5 fc1 sc0 ls57 ws46 gs500\">Business exits<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff92 fs5 fc3 sc0 ls9 ws1 gs501\">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 fc3 sc0 ls9 ws1 gs502\">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 fc3 sc0 ls9 ws1 gs503\">either been impaired during the course of the year, or derecog<span class=\"_ _1\"></span>nised as part of business disposals.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff92 fs5 fc3 sc0 ls9 ws1 gs504\">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 fc3 sc0 ls9 ws1 gs505\">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 fc3 sc0 ls9 ws1 gs506\">group assets held for sale.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff92 fs5 fc3 sc0 ls9 ws1 gs507\">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 fc3 sc0 ls9 ws1 gs508\">31<span class=\"_ gs15\"> </span>December 2023, however there is no goodwill attributable to th<span class=\"_ _1\"></span>is business.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff91 fs5 fc1 sc0 ls57 ws46 gs50a\">The impairment test<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff92 fs5 fc3 sc0 ls9 ws1 gs50b\">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 fc3 sc0 ls9 ws1 gs50c\">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 fc3 sc0 ls9 ws1 gs50d\">impaired. This included a comparison with the Group\u2019s share price and<span class=\"_ _1\"></span> market capitalisation.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff92 fs5 fc3 sc0 ls9 ws1 gs50e\">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 fc3 sc0 ls9 ws1 gs50f\">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 fc3 sc0 ls57 ws46 gs510\">Group implements the Group-wide cost reduction programme announced in November 2023 and r<span class=\"_ _2b\"></span>eferred to </div><div class=\"t m0 h38 ff92 fs5 fc3 sc0 ls57 ws46 gs511\">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 fc3 sc0 ls9 ws1 gs512\">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 fc3 sc0 ls57 ws46 gs513\">generate the higher recoverable amount.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff92 fs5 fc3 sc0 ls9 ws1 gs514\">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 fc3 sc0 ls9 ws1 gs515\">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 fc3 sc0 ls9 ws1 gs516\">each CGU is dependent on the successful implementation of the cost red<span class=\"_ _1\"></span>uction programme.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff92 fs5 fc3 sc0 ls9 ws1 gs517\">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 fc3 sc0 ls9 ws1 gs518\">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 fc3 sc0 ls9 ws1 gs519\">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 fc3 sc0 ls9 ws1 gs51a\">years.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff92 fs5 fc3 sc0 ls9 ws1 gs51b\">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 fc3 sc0 ls9 ws1 gs51c\">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 fc3 sc0 ls9 ws1 gs51d\">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 fc3 sc0 ls9 ws1 gs51e\">CGU was disposed of in the second half of <span class=\"ls57 ws46\">2023</span>.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff92 fs5 fc3 sc0 ls9 ws1 gs51f\">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 fc3 sc0 ls9 ws1 gs520\">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 fc3 sc0 ls9 ws1 gs521\">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 fc3 sc0 ls9 ws1 gs522\">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 fc3 sc0 ls9 ws1 gs523\">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 fc3 sc0 ls57 ws46 gs524\">second half of 2023<span class=\"ls9 ws1\"> this business was moved into the Capita Public Service division and CGU.<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff92 fs5 fc3 sc0 ls9 ws1 gs525\">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 fc3 sc0 ls9 ws1 gs526\">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 fc3 sc0 ls9 ws1 gs527\">market conditions.<span class=\"_ _2af\"> </span></div>Forecast cash flows<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>The going concern severe but plausible downside scenarios have taken account of the potential<span class=\"_ _2b\"></span> adverse financial impacts resulting from the following risks, which include the key assumptions n<span class=\"_ _1\"></span>oted above:<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>revenue growth falling materially short of plan;<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">operating profit margin expansion not being achieved;<span class=\"_ _2af\"> </span></span>\u2022<span class=\"_ _ae\"> </span>targeted cost savings delayed or not delivere<span class=\"_ _1\"></span>d;<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>additional inflationary cost impacts which cannot b<span class=\"_ _1\"></span>e passed on to customers;<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>unforeseen operational issues leading<span class=\"_ _1\"></span> to contract losses and cash outflows; and<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>unexpected financial costs linked to incidents su<span class=\"_ _1\"></span>ch as data breaches and/or cyber-attacks.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Allocation of central function costs<span class=\"_ _2af\"> </span>The Board has considered an appropriate methodology to apply when allocating central funct<span class=\"_ _2b\"></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=\"_ _2af\"> </span>Long-term growth rate<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Discount rates<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w1de h98\" id=\"_f384c4f6-e7c2-4d4d-a865-90a849a60f72\"><tr><td></td><td class=\"t m0 xafe h3b y3734 ff93 fs8 fc3 sc0 ls58 ws47\">Capita Public </td><td class=\"t m0 x7c2 h3b y3734 ff93 fs8 fc3 sc0 ls58 ws47\">Capita </td></tr><tr><td></td><td class=\"t m0 xaff h3b y3735 ff93 fs8 fc3 sc0 ls58 ws47\">Service<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb00 h3b y3735 ff93 fs8 fc3 sc0 ls58 ws47\">Experience<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3454 w1df h5b\"><div class=\"t m0 x27a h38 y343e ff93 fs5 fc3 sc0 ls57 ws46\">2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb01 y3454 w1e0 h5d\"><div class=\"t m0 x27a h38 y343e ff94 fs5 fc3 sc0 ls57 ws46\">11.0 <span class=\"_ _7\"></span>%<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb02 y3454 w1e1 h5d\"><div class=\"t m0 x27a h38 y343e ff94 fs5 fc3 sc0 ls61 ws50\">9 . 2  <span class=\"_ _7\"></span>%<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w1df h5b\"><div class=\"t m0 x27a h38 y343e ff93 fs5 fc3 sc0 ls57 ws46\">2022<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb01 y3455 w1e0 h5d\"><div class=\"t m0 x27a h38 y343e ff94 fs5 fc3 sc0 ls57 ws46\">11.8 <span class=\"_ _7\"></span>%<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb03 y3455 w1e0 h5d\"><div class=\"t m0 x27a h38 y343e ff94 fs5 fc3 sc0 ls57 ws46\">10.4 <span class=\"_ _7\"></span>%<span class=\"_ _2af\"> </span></div></td></tr></table>Sensitivity analysis<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>No potential impairments have been identified under any of these<span class=\"_ _1\"></span> sensitivity scenarios, including the combination sensitivity scenario.<span class=\"_ _2af\"> </span>Comparison to share price and market capitalisation<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Other movements include amendments to existing leases.<span class=\"_ _2af\"> </span><div class=\"gs575\"><table class=\"s w1e2 h99\" id=\"_c739a669-96ac-4355-9f60-389e32425875\"><tr><td></td><td></td><td class=\"t m0 xb04 h3a y3736 ff96 fs8 fc3 sc0 ls58 ws47\">Motor<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xb05 h3a y3737 ff96 fs8 fc3 sc0 ls58 ws47\">Property<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7bf h3a y3737 ff96 fs8 fc3 sc0 ls9 ws1\">vehicles<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6e8 h3a y3737 ff96 fs8 fc3 sc0 ls58 ws47\">Equipment<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2fd h3a y3737 ff96 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h3b y3738 ff95 fs8 fc3 sc0 ls58 ws47\">Net Book Value<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb06 h3a y3738 ff96 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xafe h3a y3738 ff96 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x493 h3a y3738 ff96 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y3738 ff96 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3739 w1e3 h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">At 1 January <span class=\"ls57 ws46\">2022<span class=\"_ _2af\"> </span></span></div></td><td class=\"c n xb07 y3739 w2d h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">265.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb08 y3739 w3d h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">15.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb09 y3739 w37 h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">6.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb0a y3739 w3b h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">287.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y373a w1e4 h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Addition of new leases<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb0b y373a w3d h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">12.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb0c y373a w37 h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb0d y373a w8c h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb0e y373a w3d h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">15.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y373b w1ce h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Depreciation charged - included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb0f y373b w34 h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">(45.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb10 y373b w43 h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(6.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb11 y373b w3a h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(4.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb12 y373b wbc h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">(55.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y373c w1e5 h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Depreciation charged - included in business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb13 y373c w43 h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb14 y373c w8c h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb15 y373c w36 h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb16 y373c w3a h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y373d w1c3 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Impairment - included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb17 y373d w37 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb18 y373d w36 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb19 y373d w37 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">0.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb1a y373d w26 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">2.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y373e w1c2 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb1b y373e w43 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb1c y373e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb1d y373e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb1e y373e w43 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y373f w1e6 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Disposals - included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb1f y373f w43 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(6.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb20 y373f w3a h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(1.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb21 y373f w43 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(0.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb22 y373f w43 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(8.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3740 w1c6 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Disposals - included in business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb23 y3740 w43 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb24 y3740 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f1 y3740 w8c h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb25 y3740 w43 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3741 w1c7 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb26 y3741 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">1.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb27 y3741 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb28 y3741 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb29 y3741 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">1.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3742 w1e7 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Other movements<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb2a y3742 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">7.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb2b y3742 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">0.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb2c y3742 w43 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb2d y3742 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">6.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3743 w1e8 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">At 31 December <span class=\"ls57 ws46\">2022<span class=\"_ _2af\"> </span></span></div></td><td class=\"c n xb2e y3743 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">237.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb2f y3743 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">10.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb30 y3743 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">1.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb31 y3743 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">249.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3744 w1e4 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Addition of new leases<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb0b y3744 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls57 ws46\">12.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb0c y3744 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls57 ws46\">1.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb19 y3744 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls57 ws46\">2.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb32 y3744 w7a h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls57 ws46\">17.<span class=\"_ _2b\"></span>2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3745 w1ce h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Depreciation charged - included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb0f y3745 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls57 ws46\">(40.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb10 y3745 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(5.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb11 y3745 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(1.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb12 y3745 wbc h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls57 ws46\">(48.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3746 w1c3 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Impairment - included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb33 y3746 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(2.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb27 y3746 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb28 y3746 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb34 y3746 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(2.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3747 w1e9 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Impairment - excluded from adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb35 y3747 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls57 ws46\">(13.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb36 y3747 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb37 y3747 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x3d5 y3747 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls57 ws46\">(13.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3748 w1ea h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Impairment - included in business exit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb38 y3748 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb39 y3748 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb3a y3748 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb3b y3748 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3749 w1eb h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb3c y3749 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(1.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb3d y3749 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb3e y3749 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb3f y3749 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(1.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y374a w1c2 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb1b y374a w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb1c y374a w36 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb1d y374a w36 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb1e y374a w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y374b w1e6 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Disposals - included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb1f y374b w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb20 y374b w3a h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb21 y374b w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb22 y374b w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(1.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y374c w1c7 h5e\"><div class=\"t m0 x27a h38 y3453 ff96 fs5 fc3 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb23 y374c w43 h64\"><div class=\"t m0 x27a h38 y3453 ff95 fs5 fc3 sc0 ls9 ws1\">(1.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb24 y374c w36 h64\"><div class=\"t m0 x27a h38 y3453 ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f1 y374c w8c h64\"><div class=\"t m0 x27a h38 y3453 ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb25 y374c w43 h64\"><div class=\"t m0 x27a h38 y3453 ff95 fs5 fc3 sc0 ls9 ws1\">(1.9)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y374d w1e7 h5e\"><div class=\"t m0 x27a h38 y3453 ff96 fs5 fc3 sc0 ls9 ws1\">Other movements<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb2a y374d w37 h5f\"><div class=\"t m0 x27a h38 y3453 ff95 fs5 fc3 sc0 ls57 ws46\">9.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb2b y374d w37 h5f\"><div class=\"t m0 x27a h38 y3453 ff95 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb40 y374d w26 h5f\"><div class=\"t m0 x27a h38 y3453 ff95 fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb41 y374d w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff95 fs5 fc3 sc0 ls57 ws46\">10.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w1ec h5b\"><div class=\"t m0 x27a h39 y34b5 ff95 fs5 fc3 sc0 ls57 ws46\">At 31 December 2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb42 y3455 w2d h5b\"><div class=\"t m0 x27a h39 y34b5 ff95 fs5 fc3 sc0 ls57 ws46\">200.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb43 y3455 w26 h5b\"><div class=\"t m0 x27a h39 y34b5 ff95 fs5 fc3 sc0 ls57 ws46\">5.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb44 y3455 w37 h5b\"><div class=\"t m0 x27a h39 y34b5 ff95 fs5 fc3 sc0 ls57 ws46\">2.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb45 y3455 w2d h5b\"><div class=\"t m0 x27a h39 y34b5 ff95 fs5 fc3 sc0 ls57 ws46\">208.5<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Other movements include amendments to existing leases.<span class=\"_ _2af\"> </span><table class=\"s w1e2 h99\" id=\"_c739a669-96ac-4355-9f60-389e32425875\"><tr><td></td><td></td><td class=\"t m0 xb04 h3a y3736 ff96 fs8 fc3 sc0 ls58 ws47\">Motor<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xb05 h3a y3737 ff96 fs8 fc3 sc0 ls58 ws47\">Property<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7bf h3a y3737 ff96 fs8 fc3 sc0 ls9 ws1\">vehicles<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6e8 h3a y3737 ff96 fs8 fc3 sc0 ls58 ws47\">Equipment<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2fd h3a y3737 ff96 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h3b y3738 ff95 fs8 fc3 sc0 ls58 ws47\">Net Book Value<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb06 h3a y3738 ff96 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xafe h3a y3738 ff96 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x493 h3a y3738 ff96 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y3738 ff96 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3739 w1e3 h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">At 1 January <span class=\"ls57 ws46\">2022<span class=\"_ _2af\"> </span></span></div></td><td class=\"c n xb07 y3739 w2d h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">265.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb08 y3739 w3d h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">15.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb09 y3739 w37 h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">6.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb0a y3739 w3b h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">287.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y373a w1e4 h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Addition of new leases<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb0b y373a w3d h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">12.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb0c y373a w37 h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb0d y373a w8c h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb0e y373a w3d h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">15.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y373b w1ce h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Depreciation charged - included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb0f y373b w34 h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">(45.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb10 y373b w43 h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(6.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb11 y373b w3a h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(4.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb12 y373b wbc h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">(55.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y373c w1e5 h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Depreciation charged - included in business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb13 y373c w43 h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb14 y373c w8c h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb15 y373c w36 h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb16 y373c w3a h5c\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y373d w1c3 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Impairment - included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb17 y373d w37 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb18 y373d w36 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb19 y373d w37 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">0.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb1a y373d w26 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">2.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y373e w1c2 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb1b y373e w43 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb1c y373e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb1d y373e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb1e y373e w43 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y373f w1e6 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Disposals - included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb1f y373f w43 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(6.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb20 y373f w3a h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(1.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb21 y373f w43 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(0.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb22 y373f w43 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(8.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3740 w1c6 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Disposals - included in business exits<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb23 y3740 w43 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb24 y3740 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f1 y3740 w8c h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb25 y3740 w43 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3741 w1c7 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb26 y3741 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">1.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb27 y3741 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb28 y3741 w36 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb29 y3741 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">1.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3742 w1e7 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Other movements<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb2a y3742 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">7.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb2b y3742 w37 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">0.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb2c y3742 w43 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb2d y3742 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">6.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3743 w1e8 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">At 31 December <span class=\"ls57 ws46\">2022<span class=\"_ _2af\"> </span></span></div></td><td class=\"c n xb2e y3743 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">237.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb2f y3743 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">10.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb30 y3743 w26 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">1.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb31 y3743 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls57 ws46\">249.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3744 w1e4 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Addition of new leases<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb0b y3744 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls57 ws46\">12.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb0c y3744 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls57 ws46\">1.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb19 y3744 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls57 ws46\">2.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb32 y3744 w7a h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls57 ws46\">17.<span class=\"_ _2b\"></span>2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3745 w1ce h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Depreciation charged - included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb0f y3745 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls57 ws46\">(40.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb10 y3745 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(5.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb11 y3745 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(1.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb12 y3745 wbc h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls57 ws46\">(48.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3746 w1c3 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Impairment - included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb33 y3746 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(2.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb27 y3746 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb28 y3746 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb34 y3746 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(2.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3747 w1e9 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Impairment - excluded from adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb35 y3747 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls57 ws46\">(13.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb36 y3747 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb37 y3747 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x3d5 y3747 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls57 ws46\">(13.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3748 w1ea h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Impairment - included in business exit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb38 y3748 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb39 y3748 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb3a y3748 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb3b y3748 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3749 w1eb h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb3c y3749 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(1.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb3d y3749 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb3e y3749 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb3f y3749 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(1.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y374a w1c2 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb1b y374a w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb1c y374a w36 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb1d y374a w36 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb1e y374a w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y374b w1e6 h5d\"><div class=\"t m0 x27a h38 y343e ff96 fs5 fc3 sc0 ls9 ws1\">Disposals - included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb1f y374b w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb20 y374b w3a h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb21 y374b w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb22 y374b w43 h5b\"><div class=\"t m0 x27a h38 y343e ff95 fs5 fc3 sc0 ls9 ws1\">(1.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y374c w1c7 h5e\"><div class=\"t m0 x27a h38 y3453 ff96 fs5 fc3 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb23 y374c w43 h64\"><div class=\"t m0 x27a h38 y3453 ff95 fs5 fc3 sc0 ls9 ws1\">(1.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb24 y374c w36 h64\"><div class=\"t m0 x27a h38 y3453 ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f1 y374c w8c h64\"><div class=\"t m0 x27a h38 y3453 ff95 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb25 y374c w43 h64\"><div class=\"t m0 x27a h38 y3453 ff95 fs5 fc3 sc0 ls9 ws1\">(1.9)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y374d w1e7 h5e\"><div class=\"t m0 x27a h38 y3453 ff96 fs5 fc3 sc0 ls9 ws1\">Other movements<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb2a y374d w37 h5f\"><div class=\"t m0 x27a h38 y3453 ff95 fs5 fc3 sc0 ls57 ws46\">9.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb2b y374d w37 h5f\"><div class=\"t m0 x27a h38 y3453 ff95 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb40 y374d w26 h5f\"><div class=\"t m0 x27a h38 y3453 ff95 fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb41 y374d w3d h5f\"><div class=\"t m0 x27a h38 y3453 ff95 fs5 fc3 sc0 ls57 ws46\">10.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w1ec h5b\"><div class=\"t m0 x27a h39 y34b5 ff95 fs5 fc3 sc0 ls57 ws46\">At 31 December 2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb42 y3455 w2d h5b\"><div class=\"t m0 x27a h39 y34b5 ff95 fs5 fc3 sc0 ls57 ws46\">200.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb43 y3455 w26 h5b\"><div class=\"t m0 x27a h39 y34b5 ff95 fs5 fc3 sc0 ls57 ws46\">5.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb44 y3455 w37 h5b\"><div class=\"t m0 x27a h39 y34b5 ff95 fs5 fc3 sc0 ls57 ws46\">2.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb45 y3455 w2d h5b\"><div class=\"t m0 x27a h39 y34b5 ff95 fs5 fc3 sc0 ls57 ws46\">208.5<span class=\"_ _2af\"> </span></div></td></tr></table>4.4 Leases<span class=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </span>The Group leases various assets, comprising land and buildings, eq<span class=\"_ _1\"></span>uipment and motor vehicles.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>The <span class=\"_ _2\"></span>following <span class=\"_ _2\"></span>sets <span class=\"_ _2\"></span>out <span class=\"_ _2\"></span>the <span class=\"_ _1b2\"></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=\"_ _1b2\"></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=\"_ _2af\"> </span>The Group as a lessee \u2013 Right-of-use assets and lease liabilities<span class=\"_ _2af\"> </span>The accounting policy for right-of-use assets is included in note<span class=\"_ gs15\"> </span>3.5.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Lease payments are apportioned between a finance charge and a reduction of the lease liability bas<span class=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>The Group as a lessor<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><div class=\"t m0 h39 ffab fs5 fc1 sc0 ls57 ws46 gs68d\">4.4.1 The Group as a lessee<span class=\"_ _2af\"> </span></div><div class=\"gs68e\"><table class=\"s w220 ha8\" id=\"_b72df787-b54a-436d-957c-74fbbd955518\"><tr><td></td><td class=\"t m0 x7e9 h3b y3806 ffab fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x3c8 h3a y3807 ffac fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 x442 h3b y3808 ffab fs8 fc3 sc0 ls58 ws47\">Type of financial </td></tr><tr><td class=\"t m0 x295 h3b y3809 ffab fs8 fc3 sc0 ls58 ws47\">Amounts recognised on the balance sheet<span class=\"_ _2af\"> </span></td><td class=\"t m0 x505 h3b y380a ffab fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3a y380b ffac fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x442 h3b y380b ffab fs8 fc3 sc0 ls58 ws47\">instrument<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x442 h38 y380c ffac fs5 fc3 sc0 ls57 ws46\">Financial </td></tr><tr><td class=\"c n x27b y3455 w74 h5c\"><div class=\"t m0 x27a h38 y343e ffac fs5 fc3 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcba y3455 w5e h5b\"><div class=\"t m0 x27a h38 y343e ffab fs5 fc3 sc0 ls57 ws46\">363.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcbb y3455 w3b h5c\"><div class=\"t m0 x27a h38 y343e ffac fs5 fc3 sc0 ls57 ws46\">397.5</div></td><td class=\"t m0 x442 h38 y380d ffac fs5 fc3 sc0 ls9 ws1\">liabilities<span class=\"_ _2af\"> </span></td></tr></table></div><div class=\"t m0 h38 ffac fs5 fc3 sc0 ls9 ws1 gs68f\">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 fc3 sc0 ls9 ws1 gs690\">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 fc3 sc0 ls9 ws1 gs691\">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 fc3 sc0 ls9 ws1 gs692\">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 fc3 sc0 ls57 ws46 gs693\">\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 fc3 sc0 ls9 ws1 gs694\">(<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a361.8m</span>).<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffac fs5 fc3 sc0 ls9 ws1 gs695\">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 fc3 sc0 ls57 ws46 gs696\">note<span class=\"_ gs15\"> </span>4.2.1 and interest expense in note<span class=\"_ gs15\"> </span>4.3.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ffab fs5 fc1 sc0 ls57 ws46 gs697\">4.4.2 The Group as a lessor<span class=\"_ _2af\"> </span></div><div class=\"gs698\"><table class=\"s w220 ha9\" id=\"_a11536ea-a446-42a4-8345-51b20c61cf6d\"><tr><td></td><td class=\"t m0 x7e9 h3b y380e ffab fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x3c8 h3a y380e ffac fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 x442 h3b y380f ffab fs8 fc3 sc0 ls58 ws47\">Type of financial </td></tr><tr><td class=\"t m0 x295 h3b y3810 ffab fs8 fc3 sc0 ls58 ws47\">Amounts recognised on the balance sheet<span class=\"_ _2af\"> </span></td><td class=\"t m0 x505 h3b y3810 ffab fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3a y3810 ffac fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x442 h3b y3810 ffab fs8 fc3 sc0 ls58 ws47\">instrument<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x442 h38 y3811 ffac fs5 fc3 sc0 ls57 ws46\">Financial </td></tr><tr><td class=\"c n x27b y3455 w221 h5d\"><div class=\"t m0 x27a h38 y343e ffac fs5 fc3 sc0 ls57 ws46\">Lease receivables<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcbc y3455 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffab fs5 fc3 sc0 ls57 ws46\">70.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcbd y3455 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffac fs5 fc3 sc0 ls57 ws46\">76.3</div></td><td class=\"t m0 x442 h38 y3812 ffac fs5 fc3 sc0 ls9 ws1\">assets<span class=\"_ _2af\"> </span></td></tr></table></div><div class=\"t m0 h38 ffac fs5 fc3 sc0 ls9 ws1 gs699\">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 fc3 sc0 ls9 ws1 gs69a\">follows:<span class=\"_ _2af\"> </span></div><div class=\"gs69b\"><table class=\"s we6 haa\" id=\"_e2f498fc-5b4e-475d-8459-e13c5347173d\"><tr><td></td><td class=\"t m0 x3c8 h3b y3813 ffab fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y3813 ffac fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2c5 h3b y3814 ffab fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3814 ffac fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3815 w222 h5e\"><div class=\"t m0 x27a h38 y3453 ffac fs5 fc3 sc0 ls9 ws1\">Within 1 year<span class=\"_ _2af\"> </span></div></td><td class=\"c n x3ea y3815 w62 h64\"><div class=\"t m0 x27a h38 y3453 ffab fs5 fc3 sc0 ls57 ws46\">9.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ed y3815 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffac fs5 fc3 sc0 ls57 ws46\">9.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35eb w223 h5e\"><div class=\"t m0 x27a h38 y3453 ffac fs5 fc3 sc0 ls57 ws46\">Between 1-2 years<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcbe y35eb w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffab fs5 fc3 sc0 ls57 ws46\">8.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcbf y35eb w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffac fs5 fc3 sc0 ls57 ws46\">9.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y34bc w223 h5e\"><div class=\"t m0 x27a h38 y3453 ffac fs5 fc3 sc0 ls57 ws46\">Between 2-3 years<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcbe y34bc w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffab fs5 fc3 sc0 ls57 ws46\">7.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcbf y34bc w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffac fs5 fc3 sc0 ls57 ws46\">8.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3816 w223 h5e\"><div class=\"t m0 x27a h38 y3453 ffac fs5 fc3 sc0 ls57 ws46\">Between 3-4 years<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcbe y3816 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffab fs5 fc3 sc0 ls57 ws46\">4.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcbf y3816 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffac fs5 fc3 sc0 ls57 ws46\">7.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35fd w223 h5e\"><div class=\"t m0 x27a h38 y3453 ffac fs5 fc3 sc0 ls57 ws46\">Between 4-5 years<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcbe y35fd w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffab fs5 fc3 sc0 ls57 ws46\">4.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcbf y35fd w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffac fs5 fc3 sc0 ls57 ws46\">4.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35f2 w224 h5e\"><div class=\"t m0 x27a h38 y3453 ffac fs5 fc3 sc0 ls57 ws46\">More than 5 years<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcc0 y35f2 w5d h5f\"><div class=\"t m0 x27a h38 y3453 ffab fs5 fc3 sc0 ls57 ws46\">65.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbc5 y35f2 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffac fs5 fc3 sc0 ls57 ws46\">70.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3512 w225 h5e\"><div class=\"t m0 x27a h38 y3453 ffac fs5 fc3 sc0 ls57 ws46\">Total undiscounted lease payments receivable<span class=\"_ _2af\"> </span></div></td><td class=\"c n x742 y3512 w5d h5f\"><div class=\"t m0 x27a h38 y3453 ffab fs5 fc3 sc0 ls57 ws46\">99.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x743 y3512 w5e h5e\"><div class=\"t m0 x27a h38 y3453 ffac fs5 fc3 sc0 ls57 ws46\">109.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3513 w226 h5e\"><div class=\"t m0 x27a h38 y3453 ffac fs5 fc3 sc0 ls57 ws46\">Unearned finance income<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcc1 y3513 w34 h5f\"><div class=\"t m0 x27a h38 y3453 ffab fs5 fc3 sc0 ls57 ws46\">(29.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcc2 y3513 wa0 h5e\"><div class=\"t m0 x27a h38 y3453 ffac fs5 fc3 sc0 ls57 ws46\">(33.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w227 h5f\"><div class=\"t m0 x27a h38 y3453 ffab fs5 fc3 sc0 ls57 ws46\">Net investment in lease receivables<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcc3 y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffab fs5 fc3 sc0 ls57 ws46\">70.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6cb y3455 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffac fs5 fc3 sc0 ls57 ws46\">76.3<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"gs23b\"><table class=\"s w228 hab\" id=\"_5dc52902-bfe6-493c-b91d-61468a04966b\"><tr><td></td><td class=\"t m0 x2fc h3b y3817 ffab fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2fd h3a y3817 ffac fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h3b y3818 ffab fs8 fc3 sc0 ls58 ws47\">Change in finance lease receivables during the year<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2ff h3b y3818 ffab fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y3818 ffac fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3723 w1b3 h5c\"><div class=\"t m0 x27a h38 y343e ffac fs5 fc3 sc0 ls9 ws1\">At 1<span class=\"_ gs15\"> </span>January<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4e8 y3723 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffab fs5 fc3 sc0 ls57 ws46\">76.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x97a y3723 w3d h5c\"><div class=\"t m0 x27a h38 y343e ffac fs5 fc3 sc0 ls57 ws46\">82.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3467 w229 h5c\"><div class=\"t m0 x27a h38 y343e ffac fs5 fc3 sc0 ls9 ws1\">Payments received<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcc4 y3467 wbc h5b\"><div class=\"t m0 x27a h38 y343e ffab fs5 fc3 sc0 ls57 ws46\">(10.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ab y3467 w34 h5c\"><div class=\"t m0 x27a h38 y343e ffac fs5 fc3 sc0 ls57 ws46\">(10.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3819 w22a h5c\"><div class=\"t m0 x27a h38 y343e ffac fs5 fc3 sc0 ls9 ws1\">Interest accrued (see note 4.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x757 y3819 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffab fs5 fc3 sc0 ls57 ws46\">4.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcc5 y3819 w26 h5c\"><div class=\"t m0 x27a h38 y343e ffac fs5 fc3 sc0 ls57 ws46\">4.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w173 h5d\"><div class=\"t m0 x27a h38 y343e ffac fs5 fc3 sc0 ls9 ws1\">At 31<span class=\"_ gs15\"> </span>December<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2c8 y3455 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffab fs5 fc3 sc0 ls57 ws46\">70.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcc6 y3455 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffac fs5 fc3 sc0 ls57 ws46\">76.3<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffac fs5 fc3 sc0 ls9 ws1 gs69d\">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 fc3 sc0 ls9 ws1 gs69e\">immaterial and therefore there is no separate disclosure.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffac fs5 fc3 sc0 ls9 ws1 gs69f\">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 fc3 sc0 ls9 ws1 gs6a0\">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 fc3 sc0 ls9 ws1 gs6a1\">reasonably certain that the break clause will not be exercised and, acco<span class=\"_ _1\"></span>rdingly, determined that the sub-<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffac fs5 fc3 sc0 ls9 ws1 gs6a2\">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 fc3 sc0 ls9 ws1 gs6a3\">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 fc3 sc0 ls9 ws1 gs6a4\">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 fc3 sc0 ls9 ws1 gs6a5\">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 fc3 sc0 ls57 ws46 gs6a6\">\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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </span>The Group leases various assets, comprising land and buildings, eq<span class=\"_ _1\"></span>uipment and motor vehicles.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>The <span class=\"_ _2\"></span>following <span class=\"_ _2\"></span>sets <span class=\"_ _2\"></span>out <span class=\"_ _2\"></span>the <span class=\"_ _1b2\"></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=\"_ _1b2\"></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=\"_ _2af\"> </span>The Group as a lessee \u2013 Right-of-use assets and lease liabilities<span class=\"_ _2af\"> </span>The accounting policy for right-of-use assets is included in note<span class=\"_ gs15\"> </span>3.5.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Lease payments are apportioned between a finance charge and a reduction of the lease liability bas<span class=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>The Group as a lessor<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>On an ongoing basis, management monitor provisions and their a<span class=\"_ _1\"></span>ccurate estimation when compared to final outcomes.<span class=\"_ _2af\"> </span>Denotes significant accounting estimates and assumptions<span class=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </span>Provisions<span class=\"_ _2af\"> </span>The movements in provisions during the year are as follows:<span class=\"_ _2af\"> </span><table class=\"s w1ed h9a\" id=\"_21a4e788-f4ba-4691-bf3a-affdb9368373\"><tr><td></td><td class=\"t m0 xb46 h3a y374e ff98 fs8 fc3 sc0 ls58 ws47\">Cost </td><td></td><td class=\"t m0 xb47 h3a y374e ff98 fs8 fc3 sc0 ls58 ws47\">Claims and </td><td></td><td class=\"t m0 x6e7 h3a y374e ff98 fs8 fc3 sc0 ls58 ws47\">Customer </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xb48 h3a y374f ff98 fs8 fc3 sc0 ls58 ws47\">reduction </td><td class=\"t m0 xb49 h3a y374f ff98 fs8 fc3 sc0 ls58 ws47\">Business exit </td><td class=\"t m0 x449 h3a y374f ff98 fs8 fc3 sc0 ls58 ws47\">litigation </td><td class=\"t m0 xb4a h3a y374f ff98 fs8 fc3 sc0 ls58 ws47\">Property </td><td class=\"t m0 xb04 h3a y374f ff98 fs8 fc3 sc0 ls58 ws47\">contract </td><td class=\"t m0 xb4b h3a y374f ff98 fs8 fc3 sc0 ls58 ws47\">Other </td><td></td></tr><tr><td></td><td class=\"t m0 xb4c h3a y3750 ff98 fs8 fc3 sc0 ls58 ws47\">provision </td><td class=\"t m0 xb4d h3a y3750 ff98 fs8 fc3 sc0 ls58 ws47\">provision </td><td class=\"t m0 x64d h3a y3750 ff98 fs8 fc3 sc0 ls58 ws47\">provision </td><td class=\"t m0 xb4e h3a y3750 ff98 fs8 fc3 sc0 ls58 ws47\">provision </td><td class=\"t m0 x6e7 h3a y3750 ff98 fs8 fc3 sc0 ls58 ws47\"> provision </td><td class=\"t m0 xb4f h3a y3750 ff98 fs8 fc3 sc0 ls58 ws47\">provisions </td><td class=\"t m0 x2fd h3a y3751 ff98 fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td></td><td class=\"t m0 xb50 h3a y3752 ff98 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x48f h3a y3752 ff98 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb51 h3a y3752 ff98 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb52 h3a y3752 ff98 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb53 h3a y3752 ff98 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x493 h3a y3752 ff98 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y3752 ff98 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3753 w1b3 h5c\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb54 y3753 w36 h5c\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb55 y3753 w3d h5c\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls57 ws46\">10.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb56 y3753 w3d h5c\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls57 ws46\">17.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb57 y3753 w3d h5c\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls57 ws46\">18.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb58 y3753 w3d h5c\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls57 ws46\">73.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb59 y3753 w26 h5c\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls57 ws46\">7.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb5a y3753 w3b h5c\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls57 ws46\">127.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3754 w1ee h5c\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls9 ws1\">Provisions in the year<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb5b y3754 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">35.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb5c y3754 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">10.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb5d y3754 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">29.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb5e y3754 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">3.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb5f y3754 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">16.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb60 y3754 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">7.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb61 y3754 w2d h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">104.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3755 w1ef h5d\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls9 ws1\">Releases in the year<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb62 y3755 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb63 y3755 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">(3.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb64 y3755 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">(3.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb65 y3755 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">(6.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb66 y3755 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">(12.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb67 y3755 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">(2.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb68 y3755 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">(28.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3756 w1f0 h5d\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls9 ws1\">Utilisation<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb69 y3756 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">(6.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb6a y3756 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">(10.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb6b y3756 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">(2.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb6c y3756 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">(7.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb6d y3756 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">(21.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb6e y3756 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">(6.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb6f y3756 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">(54.8)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c x27b y3757 w1f1 h67\"><div class=\"t m0 x27a h38 y34cf ff98 fs5 fc3 sc0 ls57 ws46\">Discount unwind on<span class=\"_ _2af\"> </span></div><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls9 ws1\">provisions<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb70 y3757 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb71 y3757 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb72 y3757 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb73 y3757 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb74 y3757 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb75 y3757 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb76 y3757 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y3758 ff98 fs5 fc3 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 x301 h38 y3759 ff98 fs5 fc3 sc0 ls9 ws1\">liabilities held for sale<span class=\"_ _2af\"> </span></td><td class=\"c n xb77 y3688 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb78 y3688 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb79 y3688 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb7a y3688 w43 h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls9 ws1\">(0.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb7b y3688 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb7c y3688 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb7d y3688 w3a h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls9 ws1\">(0.5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c x27b y350b w1f2 h67\"><div class=\"t m0 x27a h38 y34cf ff98 fs5 fc3 sc0 ls9 ws1\">Reclassification between<span class=\"_ _2af\"> </span></div><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls57 ws46\">categories<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb7e y350b w36 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb7f y350b w36 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb80 y350b w37 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb81 y350b w43 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb82 y350b w3a h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb83 y350b w43 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb84 y350b w36 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w1dd h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls57 ws46\">At 31<span class=\"_ gs15\"> </span>December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb85 y3455 w3d h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls57 ws46\">29.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb86 y3455 w37 h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls57 ws46\">7.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb87 y3455 w3d h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls57 ws46\">41.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb88 y3455 w37 h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls57 ws46\">7.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb89 y3455 w3d h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls57 ws46\">58.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb8a y3455 w26 h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls57 ws46\">5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2d8 y3455 w3b h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls57 ws46\">150.2<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span><table class=\"s w1f3 h9b\" id=\"_cba01821-c4f8-493d-a57b-31cbe5ce0f58\"><tr><td></td><td class=\"t m0 xb8b h3b y375a ff97 fs8 fc3 sc0 ls58 ws47\">31<span class=\"_ gs23c\"> </span>December 2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb8c h3a y375a ff98 fs8 fc3 sc0 ls58 ws47\">31<span class=\"_ gs23c\"> </span>December 2022</td></tr><tr><td></td><td class=\"t m0 xb8d h3b y375b ff97 fs8 fc3 sc0 ls58 ws47\"> \u00a3m</td><td class=\"t m0 xb8e h3a y375b ff98 fs8 fc3 sc0 ls58 ws47\"> \u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y35b1 w1f4 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">Current<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb8f y35b1 w2d h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">101.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb90 y35b1 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls57 ws46\">75.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b2 w1f5 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">Non-current<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb91 y35b2 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">48.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb92 y35b2 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls57 ws46\">51.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xb93 y3455 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">150.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb94 y3455 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls57 ws46\">127.3<span class=\"_ _2af\"> </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=\"_ gs23c\"> </span>December 2023 includes \u00a30.5m that was transferred at 30<span class=\"_ gs23c\"> </span>June 2023 and subsequently sold during the second half of the year<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><div class=\"t m0 h38 ff99 fs5 fc3 sc0 ls57 ws46 gs5a3\">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 fc3 sc0 ls9 ws1 gs5a4\">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 fc3 sc0 ls57 ws46 gs5a5\">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 fc3 sc0 ls57 ws46 gs5a6\">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 fc3 sc0 ls9 ws1 gs5a7\">remaining periods of the leases which vary up to 23 years.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff99 fs5 fc3 sc0 ls57 ws46 gs5a8\">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 fc3 sc0 ls9 ws1 gs5a9\">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 fc3 sc0 ls9 ws1 gs5aa\">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 fc3 sc0 ls9 ws1 gs5ab\">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 fc3 sc0 ls9 ws1 gs5ac\">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 fc3 sc0 ls9 ws1 gs5ad\">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 fc3 sc0 ls9 ws1 gs5ae\">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 fc3 sc0 ls9 ws1 gs5af\">of up to six years.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff9a fs5 fc3 sc0 ls9 ws1 gs5b0\">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 fc3 sc0 ls9 ws1 gs5b1\">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 fc3 sc0 ls9 ws1 gs5b2\">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 fc3 sc0 ls9 ws1 gs5b3\">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 fc3 sc0 ls9 ws1 gs5b4\">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 fc3 sc0 ls9 ws1 gs5b5\">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 fc3 sc0 ls9 ws1 gs5b6\">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 fc3 sc0 ls9 ws1 gs5b7\">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 fc3 sc0 ls9 ws1 gs5b8\">provide cover for contracts to extend out to Decembe<span class=\"_ _1\"></span>r 2028 (ie a five year rolling period).<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff99 fs5 fc3 sc0 ls57 ws46 gs5b9\">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 fc3 sc0 ls9 ws1 gs5ba\">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 fc3 sc0 ls9 ws1 gs5bb\">These are likely to unwind over periods of up to five years.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>On an ongoing basis, management monitor provisions and their a<span class=\"_ _1\"></span>ccurate estimation when compared to final outcomes.<span class=\"_ _2af\"> </span>Denotes significant accounting estimates and assumptions<span class=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </span><div class=\"t m0 h39 ff97 fs5 fc1 sc0 ls57 ws46 gs58d\">Provisions<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff98 fs5 fc3 sc0 ls9 ws1 gs58e\">The movements in provisions during the year are as follows:<span class=\"_ _2af\"> </span></div><div class=\"gs58f\"><table class=\"s w1ed h9a\" id=\"_21a4e788-f4ba-4691-bf3a-affdb9368373\"><tr><td></td><td class=\"t m0 xb46 h3a y374e ff98 fs8 fc3 sc0 ls58 ws47\">Cost </td><td></td><td class=\"t m0 xb47 h3a y374e ff98 fs8 fc3 sc0 ls58 ws47\">Claims and </td><td></td><td class=\"t m0 x6e7 h3a y374e ff98 fs8 fc3 sc0 ls58 ws47\">Customer </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xb48 h3a y374f ff98 fs8 fc3 sc0 ls58 ws47\">reduction </td><td class=\"t m0 xb49 h3a y374f ff98 fs8 fc3 sc0 ls58 ws47\">Business exit </td><td class=\"t m0 x449 h3a y374f ff98 fs8 fc3 sc0 ls58 ws47\">litigation </td><td class=\"t m0 xb4a h3a y374f ff98 fs8 fc3 sc0 ls58 ws47\">Property </td><td class=\"t m0 xb04 h3a y374f ff98 fs8 fc3 sc0 ls58 ws47\">contract </td><td class=\"t m0 xb4b h3a y374f ff98 fs8 fc3 sc0 ls58 ws47\">Other </td><td></td></tr><tr><td></td><td class=\"t m0 xb4c h3a y3750 ff98 fs8 fc3 sc0 ls58 ws47\">provision </td><td class=\"t m0 xb4d h3a y3750 ff98 fs8 fc3 sc0 ls58 ws47\">provision </td><td class=\"t m0 x64d h3a y3750 ff98 fs8 fc3 sc0 ls58 ws47\">provision </td><td class=\"t m0 xb4e h3a y3750 ff98 fs8 fc3 sc0 ls58 ws47\">provision </td><td class=\"t m0 x6e7 h3a y3750 ff98 fs8 fc3 sc0 ls58 ws47\"> provision </td><td class=\"t m0 xb4f h3a y3750 ff98 fs8 fc3 sc0 ls58 ws47\">provisions </td><td class=\"t m0 x2fd h3a y3751 ff98 fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td></td><td class=\"t m0 xb50 h3a y3752 ff98 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x48f h3a y3752 ff98 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb51 h3a y3752 ff98 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb52 h3a y3752 ff98 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb53 h3a y3752 ff98 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x493 h3a y3752 ff98 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y3752 ff98 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3753 w1b3 h5c\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb54 y3753 w36 h5c\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb55 y3753 w3d h5c\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls57 ws46\">10.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb56 y3753 w3d h5c\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls57 ws46\">17.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb57 y3753 w3d h5c\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls57 ws46\">18.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb58 y3753 w3d h5c\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls57 ws46\">73.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb59 y3753 w26 h5c\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls57 ws46\">7.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb5a y3753 w3b h5c\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls57 ws46\">127.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3754 w1ee h5c\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls9 ws1\">Provisions in the year<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb5b y3754 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">35.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb5c y3754 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">10.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb5d y3754 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">29.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb5e y3754 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">3.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb5f y3754 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">16.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb60 y3754 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">7.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb61 y3754 w2d h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">104.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3755 w1ef h5d\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls9 ws1\">Releases in the year<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb62 y3755 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb63 y3755 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">(3.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb64 y3755 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">(3.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb65 y3755 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">(6.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb66 y3755 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">(12.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb67 y3755 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">(2.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb68 y3755 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">(28.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3756 w1f0 h5d\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls9 ws1\">Utilisation<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb69 y3756 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">(6.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb6a y3756 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">(10.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb6b y3756 w3a h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">(2.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb6c y3756 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">(7.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb6d y3756 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">(21.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb6e y3756 w43 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">(6.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb6f y3756 w34 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">(54.8)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c x27b y3757 w1f1 h67\"><div class=\"t m0 x27a h38 y34cf ff98 fs5 fc3 sc0 ls57 ws46\">Discount unwind on<span class=\"_ _2af\"> </span></div><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls9 ws1\">provisions<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb70 y3757 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb71 y3757 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb72 y3757 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb73 y3757 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb74 y3757 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb75 y3757 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb76 y3757 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y3758 ff98 fs5 fc3 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 x301 h38 y3759 ff98 fs5 fc3 sc0 ls9 ws1\">liabilities held for sale<span class=\"_ _2af\"> </span></td><td class=\"c n xb77 y3688 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb78 y3688 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb79 y3688 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb7a y3688 w43 h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls9 ws1\">(0.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb7b y3688 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb7c y3688 w36 h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb7d y3688 w3a h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls9 ws1\">(0.5)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c x27b y350b w1f2 h67\"><div class=\"t m0 x27a h38 y34cf ff98 fs5 fc3 sc0 ls9 ws1\">Reclassification between<span class=\"_ _2af\"> </span></div><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls57 ws46\">categories<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb7e y350b w36 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb7f y350b w36 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb80 y350b w37 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb81 y350b w43 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb82 y350b w3a h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb83 y350b w43 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb84 y350b w36 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w1dd h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls57 ws46\">At 31<span class=\"_ gs15\"> </span>December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb85 y3455 w3d h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls57 ws46\">29.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb86 y3455 w37 h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls57 ws46\">7.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb87 y3455 w3d h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls57 ws46\">41.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb88 y3455 w37 h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls57 ws46\">7.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb89 y3455 w3d h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls57 ws46\">58.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb8a y3455 w26 h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls57 ws46\">5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2d8 y3455 w3b h64\"><div class=\"t m0 x27a h39 y34b5 ff97 fs5 fc3 sc0 ls57 ws46\">150.2<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h3e ff98 fs1c fc3 sc0 ls9 ws1 gs590\">1<span class=\"_ _2af\"> </span></div><div class=\"gs591\"><table class=\"s w1f3 h9b\" id=\"_cba01821-c4f8-493d-a57b-31cbe5ce0f58\"><tr><td></td><td class=\"t m0 xb8b h3b y375a ff97 fs8 fc3 sc0 ls58 ws47\">31<span class=\"_ gs23c\"> </span>December 2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb8c h3a y375a ff98 fs8 fc3 sc0 ls58 ws47\">31<span class=\"_ gs23c\"> </span>December 2022</td></tr><tr><td></td><td class=\"t m0 xb8d h3b y375b ff97 fs8 fc3 sc0 ls58 ws47\"> \u00a3m</td><td class=\"t m0 xb8e h3a y375b ff98 fs8 fc3 sc0 ls58 ws47\"> \u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y35b1 w1f4 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">Current<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb8f y35b1 w2d h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">101.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb90 y35b1 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls57 ws46\">75.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b2 w1f5 h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">Non-current<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb91 y35b2 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">48.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb92 y35b2 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls57 ws46\">51.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xb93 y3455 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff97 fs5 fc3 sc0 ls57 ws46\">150.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb94 y3455 w3b h5d\"><div class=\"t m0 x27a h38 y343e ff98 fs5 fc3 sc0 ls57 ws46\">127.3<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h3a ff98 fs8 fc3 sc0 ls58 ws47 gs592\">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=\"_ gs23c\"> </span>December 2023 includes \u00a30.5m that was transferred at 30<span class=\"_ gs23c\"> </span>June 2023 </div><div class=\"t m0 h3a ff98 fs8 fc3 sc0 ls58 ws47 gs593\">and subsequently sold during the second half of the year<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff97 fs5 fc3 sc0 ls57 ws46 gs594\">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 fc3 sc0 ls9 ws1 gs595\">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 fc3 sc0 ls9 ws1 gs596\">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 fc3 sc0 ls9 ws1 gs597\">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 fc3 sc0 ls9 ws1 gs598\">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 fc3 sc0 ls57 ws46 gs599\">2.4 <span class=\"ls9 ws1\">for further details on the cost reduction programme.<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ff97 fs5 fc3 sc0 ls57 ws46 gs59a\">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 fc3 sc0 ls9 ws1 gs59b\">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 fc3 sc0 ls9 ws1 gs59c\">being disposed. These are likely to unwind over a period of on<span class=\"_ _1\"></span>e to four years.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff97 fs5 fc3 sc0 ls9 ws1 gs59d\">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 fc3 sc0 ls9 ws1 gs59e\">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 fc3 sc0 ls9 ws1 gs59f\">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 fc3 sc0 ls9 ws1 gs5a0\">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 fc3 sc0 ls9 ws1 gs5a1\">will unwind.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>On an ongoing basis, management monitor provisions and their a<span class=\"_ _1\"></span>ccurate estimation when compared to final outcomes.<span class=\"_ _2af\"> </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 fc1 sc0 ls9 ws1 gs5bd\">4.1 Net debt, capital and capital management<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff9d fs5 fc1 sc0 ls57 ws46 gs5be\">4.1.1 Net debt and capital<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff9e fs5 fc3 sc0 ls9 ws1 gs5bf\">The components of the Group\u2019s net debt and undrawn availab<span class=\"_ _1\"></span>le liquidity are summarised below.<span class=\"_ _2af\"> </span></div><div class=\"gs5c0\"><table class=\"s w1f6 h9c\" id=\"_8ea28913-f7ac-4e04-8502-9f65f47f945e\"><tr><td></td><td></td><td class=\"t m0 x7e9 h3b y375c ff9d fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x3c8 h3a y375c ff9e fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb95 h3a y375c ff9e fs8 fc3 sc0 ls58 ws47\">Year on Year<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x509 h3a y375d ff9e fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x505 h3b y375d ff9d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3a y375d ff9e fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb96 h3a y375d ff9e fs8 fc3 sc0 ls58 ws47\">movement<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3694 w16f h5c\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">Cash and cash equivalents<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb97 y3694 w56 h5c\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb98 y3694 wc1 h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">(162.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6c7 y3694 wc1 h5c\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(396.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2e6 y3694 w5e h5c\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">234.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y375e w1f7 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Overdraft<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb99 y375e w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9a y375e w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">95.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9b y375e w6b h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">219.<span class=\"_ _2b\"></span>6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9c y375e wc1 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(124.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3567 w74 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n x860 y3567 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.4.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9d y3567 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">363.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9e y3567 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">397.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9f y3567 wa0 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(34.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y375f ff9e fs5 fc3 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2af\"> </span></td><td class=\"c n xba0 y36a1 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba1 y36a1 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">262.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba2 y36a1 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">285.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba3 y36a1 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(23.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3760 w19e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Other finance<span class=\"_ _2af\"> </span></div></td><td class=\"c n x854 y3760 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96a y3760 w1bc h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x728 y3760 w100 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba4 y3760 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3761 w1f8 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Cross currency interest rate swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba5 y3761 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba6 y3761 wa0 h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">(13.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba7 y3761 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(24.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x448 y3761 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">11.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y355e w1f9 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Deferred consideration<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba8 y355e w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba9 y355e w62 h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x975 y355e w37 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbaa y355e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b1 w1a1 h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">Net debt<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xbab y35b1 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">545.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbac y35b1 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">482.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2f9 y35b1 w5d h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">63.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b2 w1fa h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Undrawn available financing facilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbad y35b2 w1fb h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2b<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbae y35b2 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">260.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbaf y35b2 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">288.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb0 y35b2 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(27.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w1fc h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc1 sc0 ls57 ws46\">Capital<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xbb1 y3455 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">806.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb2 y3455 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">770.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb3 y3455 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">35.4<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h3e ff9e fs1c fc3 sc0 ls9 ws1 gs5c1\">1<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ff9e fs8 fc3 sc0 ls58 ws47 gs5c2\">1.<span class=\"_ _9\"> </span>Private loan notes include US<span class=\"_ gs23c\"> </span>dollar and British pound sterling private plac<span class=\"_ _2b\"></span>ement loan notes.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff9e fs5 fc3 sc0 ls9 ws1 gs5c3\">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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff9e fs5 fc3 sc0 ls9 ws1 gs5c4\">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 fc3 sc0 ls9 ws1 gs5c5\">cash balances within the same arrangements.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff9e fs5 fc3 sc0 ls9 ws1 gs5c6\">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 fc3 sc0 ls9 ws1 gs5c7\">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 fc3 sc0 ls9 ws1 gs5c8\">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 fc3 sc0 ls9 ws1 gs5c9\">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 fc3 sc0 ls57 ws46 gs5ca\">private placement loan notes were repaid in February and March. The remaining \u00a330.2m balanc<span class=\"_ _2b\"></span>e of these </div><div class=\"t m0 h38 ff9e fs5 fc3 sc0 ls9 ws1 gs5cb\">Euro notes, originally due for payment in November 2027, were early settle<span class=\"_ _1\"></span>d in August.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ff9d fs5 fc1 sc0 ls57 ws46 gs5cd\">4.1.2 Capital management<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff9e fs5 fc3 sc0 ls9 ws1 gs5ce\">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 fc3 sc0 ls9 ws1 gs5cf\">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 fc3 sc0 ls9 ws1 gs5d0\">Shareholder returns are reviewed in accordance with the Group\u2019s ge<span class=\"_ _1\"></span>neration of sustainable free cash flow.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff9e fs5 fc3 sc0 ls9 ws1 gs5d1\">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 fc3 sc0 ls9 ws1 gs5d2\">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 fc3 sc0 ls9 ws1 gs5d3\">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 fc3 sc0 ls9 ws1 gs5d4\">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 fc3 sc0 ls57 ws46 gs5d5\">net debt to adjusted EBITDA and annualised interest cover. There have been no breaches in the fi<span class=\"_ _2b\"></span>nancial </div><div class=\"t m0 h38 ff9e fs5 fc3 sc0 ls57 ws46 gs5d6\">covenants of any loans or borrowings during the reporting period.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff9e fs5 fc3 sc0 ls9 ws1 gs5d7\">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 fc3 sc0 ls9 ws1 gs5d8\">allowing a buffer for contingencies.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff9e fs5 fc3 sc0 ls9 ws1 gs5d9\">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 fc3 sc0 ls9 ws1 gs5da\">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 fc3 sc0 ls9 ws1 gs5db\">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 fc3 sc0 ls9 ws1 gs5dc\">financial services regulatory capital requirements applicable to them.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ff9e fs5 fc3 sc0 ls9 ws1 gs5dd\">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 fc3 sc0 ls57 ws46 gs5de\">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 fc3 sc0 ls57 ws46 gs5df\">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 fc3 sc0 ls9 ws1 gs5e0\">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 fc3 sc0 ls57 ws46 gs5e1\">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=\"_ _2af\"> </span></span></div>4.5 Financial instruments and the fair value hierarchy<span class=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </span>Financial instruments \u2013 classification of financial instruments<span class=\"_ _2af\"> </span>The Group classifies its financial instruments in the following measurement categ<span class=\"_ _1\"></span>ories:<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>those to be measured at amortised cost.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Financial instruments \u2013 initial recognition<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Debt instruments<span class=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ffad\">FVOCI: </span>instruments that are held for collection/p<span class=\"_ _1\"></span>ayment 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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Equity instruments<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Impairment<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Derivatives<span class=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </span>Borrowing costs<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>4.5.1 Fair value hierarchy<span class=\"_ _2af\"> </span>The Group\u2019s financial assets and liabilities are classified based on the fo<span class=\"_ _1\"></span>llowing fair value hierarchy:<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span></span>4.5.2 Financial instruments and their fair value hierarchy classification<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Fair value<span class=\"_ _2af\"> </span>FVPL<span class=\"_ _2af\"> </span>FVOCI<span class=\"_ _2af\"> </span>hedging<span class=\"_ _2af\"> </span>cost<span class=\"_ _2af\"> </span>Total<span class=\"_ _2af\"> </span>At 31<span class=\"_ gs23c\"> </span>December 2023<span class=\"_ _2af\"> </span>Note<span class=\"_ _2af\"> </span>hierarchy<span class=\"_ _2af\"> </span>\u00a3m<span class=\"_ _2af\"> </span>\u00a3m<span class=\"_ _2af\"> </span>\u00a3m<span class=\"_ _2af\"> </span>\u00a3m<span class=\"_ _2af\"> </span>\u00a3m<span class=\"_ _2af\"> </span>\u00a3m<span class=\"_ _2af\"> </span>\u00a3m<span class=\"_ _2af\"> </span>Financial assets<span class=\"_ _2af\"> </span>Lease receivables<span class=\"_ _2af\"> </span>4.4.2<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>70.3<span class=\"_ _2af\"> </span>70.3<span class=\"_ _2af\"> </span>6.3<span class=\"_ _2af\"> </span>64.0<span class=\"_ _2af\"> </span>Cash flow hedges \u2013 foreign exchange contracts<span class=\"_ _2af\"> </span>4.2.4<span class=\"_ _2af\"> </span>Level-2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>1.8<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>1.8<span class=\"_ _2af\"> </span>1.4<span class=\"_ _2af\"> </span>0.4<span class=\"_ _2af\"> </span>Cash flow hedges \u2013 Interest rate swaps<span class=\"_ _2af\"> </span>4.2.4<span class=\"_ _2af\"> </span>Level-2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.1<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.1<span class=\"_ _2af\"> </span>0.1<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>Non-designated foreign exchange forwards and swaps<span class=\"_ _2af\"> </span>Level-2<span class=\"_ _2af\"> </span>0.3<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.3<span class=\"_ _2af\"> </span>0.3<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>Cross-currency interest rate swaps<span class=\"_ _2af\"> </span>a<span class=\"_ _2af\"> </span>Lev<span class=\"_ _2b\"></span>el-2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>14.5<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>14.5<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>14.5<span class=\"_ _2af\"> </span>Originated loans receivable<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span>0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.7<span class=\"_ _2af\"> </span>Financial assets at fair value through P&amp;L<span class=\"_ _2af\"> </span>Level-3<span class=\"_ _2af\"> </span>16.9<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>16.9<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>16.9<span class=\"_ _2af\"> </span>Financial assets at fair value through OCI<span class=\"_ _2af\"> </span>Level-3<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.7<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.7<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.7<span class=\"_ _2af\"> </span>Deferred consideration receivable<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>20.0<span class=\"_ _2af\"> </span>20.0<span class=\"_ _2af\"> </span>20.0<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>17.2<span class=\"_ _2af\"> </span>0.7<span class=\"_ _2af\"> </span>16.4<span class=\"_ _2af\"> </span>91.0<span class=\"_ _2af\"> </span>125.3<span class=\"_ _2af\"> </span>28.1<span class=\"_ _2af\"> </span>97.2<span class=\"_ _2af\"> </span>Other financial assets<span class=\"_ _2af\"> </span>Cash<span class=\"_ _2af\"> </span>4.5.4<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>155.4<span class=\"_ _2af\"> </span>155.4<span class=\"_ _2af\"> </span>155.4<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>Cash included within disposal group assets held for sale<span class=\"_ _2af\"> </span>2.8<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>7.2<span class=\"_ _2af\"> </span>7.2<span class=\"_ _2af\"> </span>7.2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>Total financial assets<span class=\"_ _2af\"> </span>17.2<span class=\"_ _2af\"> </span>0.7<span class=\"_ _2af\"> </span>16.4<span class=\"_ _2af\"> </span>253.6<span class=\"_ _2af\"> </span>287.9<span class=\"_ _2af\"> </span>190.7<span class=\"_ _2af\"> </span>97.2<span class=\"_ _2af\"> </span>Financial liabilities<span class=\"_ _2af\"> </span>Private placement loan notes<span class=\"_ _2af\"> </span>a<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>262.5<span class=\"_ _2af\"> </span>262.5<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>262.5<span class=\"_ _2af\"> </span>Other finance<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.<span class=\"_ _2b\"></span>1<span class=\"_ _2af\"> </span>0.<span class=\"_ _2b\"></span>1<span class=\"_ _2af\"> </span>0.1<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>Cash flow hedges \u2013 foreign exchange contracts<span class=\"_ _2af\"> </span>4.2.4<span class=\"_ _2af\"> </span>Level-2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>3.6<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>3.6<span class=\"_ _2af\"> </span>1.5<span class=\"_ _2af\"> </span>2.1<span class=\"_ _2af\"> </span>Cash flow hedges \u2013 currency swaps<span class=\"_ _2af\"> </span>4.2.4<span class=\"_ _2af\"> </span>Level-2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>1.2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>1.2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>1.2<span class=\"_ _2af\"> </span>Cash flow hedges \u2013 interest rate swaps<span class=\"_ _2af\"> </span>4.2.<span class=\"_ _2b\"></span>4<span class=\"_ _2af\"> </span>Level-<span class=\"_ _2b\"></span>2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.6<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.6<span class=\"_ _2af\"> </span>0.6<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>Non-designated foreign exchange forwards and swaps<span class=\"_ _2af\"> </span>Level-2<span class=\"_ _2af\"> </span>0.2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.2<span class=\"_ _2af\"> </span>0.1<span class=\"_ _2af\"> </span>0.1<span class=\"_ _2af\"> </span>Cross-currency interest rate swaps<span class=\"_ _2af\"> </span>a<span class=\"_ _2af\"> </span>Lev<span class=\"_ _2b\"></span>el-2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.9<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.9<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.9<span class=\"_ _2af\"> </span>Deferred consideration payable<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span>0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.7<span class=\"_ _2af\"> </span>Put options of non-controlling interests<span class=\"_ _2af\"> </span>c<span class=\"_ _2af\"> </span>Level-3<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>8.<span class=\"_ _2b\"></span>5<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>8.5<span class=\"_ _2af\"> </span>8.5<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.2<span class=\"_ _2af\"> </span>8.5<span class=\"_ _2af\"> </span>6.3<span class=\"_ _2af\"> </span>263.3<span class=\"_ _2af\"> </span>278.3<span class=\"_ _2af\"> </span>10.8<span class=\"_ _2af\"> </span>267.5<span class=\"_ _2af\"> </span>Other financial liabilities<span class=\"_ _2af\"> </span>Overdrafts<span class=\"_ _2af\"> </span>4.5.4<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>95.0<span class=\"_ _2af\"> </span>95.0<span class=\"_ _2af\"> </span>95.0<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>Lease liabilities<span class=\"_ _2af\"> </span>4.4.1<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>363.4<span class=\"_ _2af\"> </span>363.4<span class=\"_ _2af\"> </span>51.1<span class=\"_ _2af\"> </span>312.3<span class=\"_ _2af\"> </span>Total financial liabilities<span class=\"_ _2af\"> </span>0.2<span class=\"_ _2af\"> </span>8.5<span class=\"_ _2af\"> </span>6.3<span class=\"_ _2af\"> </span>721.7<span class=\"_ _2af\"> </span>736.7<span class=\"_ _2af\"> </span>156.9<span class=\"_ _2af\"> </span>579.8<span class=\"_ _2af\"> </span>Derivatives<span class=\"_ _2af\"> </span>used for<span class=\"_ _2af\"> </span>Amortised<span class=\"_ _2af\"> </span>Current<span class=\"_ _2af\"> </span>Non-<span class=\"_ _2af\"> </span>current<span class=\"_ _2af\"> </span><div class=\"t m0 h38 ffb2 fs5 fc3 sc0 ls9 ws1 gs6fd\">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 fc3 sc0 ls9 ws1 gs6fe\">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 fc3 sc0 ls9 ws1 gs6ff\">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 fc3 sc0 ls9 ws1 gs700\">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 fc3 sc0 ls9 ws1 gs701\">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 fc3 sc0 ls9 ws1 gs702\">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 fc3 sc0 ls9 ws1 gs703\">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 fc3 sc0 ls9 ws1 gs704\">strategic investments.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffb2 fs5 fc3 sc0 ls9 ws1 gs705\">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 fc3 sc0 ls9 ws1 gs706\">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 fc3 sc0 ls9 ws1 gs707\">information on fair value becomes available, which is normally at each fund<span class=\"_ _1\"></span>ing round.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffb2 fs5 fc3 sc0 ls9 ws1 gs708\">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 fc3 sc0 ls9 ws1 gs709\">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 fc3 sc0 ls9 ws1 gs70a\">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 fc3 sc0 ls9 ws1 gs70b\">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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffb2 fs5 fc3 sc0 ls9 ws1 gs70c\">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 fc3 sc0 ls9 ws1 gs70d\">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 fc3 sc0 ls57 ws46 gs70e\">\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 fc3 sc0 ls9 ws1 gs70f\">consideration payable are measured at amortised cost using the e<span class=\"_ _1\"></span>ffective interest rate method.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffb2 fs5 fc3 sc0 ls9 ws1 gs711\">The Group\u2019s key financial liabilities are set out below:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffb2 fs5 fc1 sc0 ls9 ws1 gs712\">a. Private placement loan notes<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffb2 fs5 fc3 sc0 ls9 ws1 gs713\">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 fc3 sc0 ls9 ws1 gs714\">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 fc3 sc0 ls9 ws1 gs715\">swaps, and forward foreign exchange contracts.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffb2 fs5 fc1 sc0 ls9 ws1 gs716\">b. Bank facilities<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffb2 fs5 fc3 sc0 ls9 ws1 gs717\">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 fc3 sc0 ls9 ws1 gs718\">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 fc3 sc0 ls9 ws1 gs719\">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 fc3 sc0 ls9 ws1 gs71a\">2024 following receipt of proceeds from the Fera disposal (refer to n<span class=\"_ _1\"></span>ote 6.3).<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffb2 fs5 fc1 sc0 ls9 ws1 gs71b\">c. Put options of non-controlling interests<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffb2 fs5 fc3 sc0 ls9 ws1 gs71c\">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 fc3 sc0 ls9 ws1 gs71d\">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 fc3 sc0 ls9 ws1 gs71e\">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 fc3 sc0 ls9 ws1 gs71f\">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 fc3 sc0 ls9 ws1 gs720\">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 fc3 sc0 ls9 ws1 gs721\">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 fc3 sc0 ls57 ws46 gs722\">of the option agreements, management determined that changes in the carrying amount would be </div><div class=\"t m0 h38 ffb2 fs5 fc3 sc0 ls9 ws1 gs723\">recognised within equity. This has been applied consistently.<span class=\"_ _2af\"> </span></div><div class=\"gs575\"><table class=\"s w23f had\" id=\"_f224f7fe-d382-43d7-9bfc-9a9e07cafef8\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x5c7 h3a y3840 ffb4 fs8 fc3 sc0 ls58 ws47\">Derivatives<span class=\"_ _2af\"> </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 xd8c h3a y3841 ffb4 fs8 fc3 sc0 ls58 ws47\">used for<span class=\"_ _2af\"> </span></td><td class=\"t m0 xa38 h3a y3841 ffb4 fs8 fc3 sc0 ls58 ws47\">Amortised<span class=\"_ _2af\"> </span></td><td></td><td></td><td class=\"t m0 xd8d h3a y3841 ffb4 fs8 fc3 sc0 ls58 ws47\">Non-<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x331 h3a y3842 ffb4 fs8 fc3 sc0 ls58 ws47\">Fair value<span class=\"_ _2af\"> </span></td><td class=\"t m0 x539 h3a y3842 ffb4 fs8 fc3 sc0 ls9 ws1\">FVPL<span class=\"_ _2af\"> </span></td><td class=\"t m0 xcc7 h3a y3842 ffb4 fs8 fc3 sc0 ls58 ws47\">FVOCI<span class=\"_ _2af\"> </span></td><td class=\"t m0 xd8c h3a y3842 ffb4 fs8 fc3 sc0 ls58 ws47\">hedging<span class=\"_ _2af\"> </span></td><td class=\"t m0 x52d h3a y3842 ffb4 fs8 fc3 sc0 ls9 ws1\">cost<span class=\"_ _2af\"> </span></td><td class=\"t m0 x32e h3a y3842 ffb4 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td><td class=\"t m0 x54d h3a y3842 ffb4 fs8 fc3 sc0 ls58 ws47\">Current<span class=\"_ _2af\"> </span></td><td class=\"t m0 x80e h3a y3842 ffb4 fs8 fc3 sc0 ls58 ws47\">current<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3843 w240 h6d\"><div class=\"t m0 x27a h3a y3517 ffb4 fs8 fc3 sc0 ls58 ws47\">At 31<span class=\"_ gs23c\"> </span>December 2022<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd8e y3843 w22d h6d\"><div class=\"t m0 x27a h3a y3517 ffb4 fs8 fc3 sc0 ls58 ws47\">Note<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 xac7 h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">hierarchy<span class=\"_ _2af\"> </span></td><td class=\"t m0 xccb h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xccc h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xccd h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x534 h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xcce h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x278 h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x54f h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y3845 ffb3 fs5 fc3 sc0 ls57 ws46\">Financial assets<span class=\"_ _2af\"> </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 x427 y3846 w221 h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Lease receivables<span class=\"_ _2af\"> </span></div></td><td class=\"c n xccf y3846 w56 h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">4.4.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd0 y3846 w62 h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd1 y3846 w72 h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd2 y3846 w36 h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd3 y3846 w8c h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd4 y3846 w3d h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">76.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd5 y3846 w3d h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">76.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd6 y3846 w26 h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">5.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd7 y3846 w3d h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">70.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3847 w22e h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Cash flow hedges \u2013 foreign exchange contracts<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd8 y3847 w56 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">4.2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd9 y3847 w22f h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Level-2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcda y3847 w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcdb y3847 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcdc y3847 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcdd y3847 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcde y3847 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcdf y3847 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">3.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xce0 y3847 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">2.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3848 w230 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Non-designated foreign exchange forwards and swaps<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcea y3848 w231 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Level-2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xceb y3848 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">5.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcec y3848 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xced y3848 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcee y3848 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcef y3848 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">5.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf0 y3848 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">4.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd5c y3848 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3849 w19c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf2 y3849 w232 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf3 y3849 w233 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Lev<span class=\"_ _2b\"></span>el-2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf4 y3849 w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf5 y3849 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf6 y3849 w3f h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">25.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf7 y3849 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf8 y3849 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">25.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd8f y3849 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">8.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd90 y3849 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">17.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y384a w234 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Originated loans receivable<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcfb y384a w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcfc y384a w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcfd y384a w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcfe y384a w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcff y384a w1bc h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd00 y384a w1d1 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd01 y384a w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd02 y384a w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y384b w235 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Financial assets at fair value through P&amp;L<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xd03 y384b w22f h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Level-3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd04 y384b w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">17.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd05 y384b w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd06 y384b w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd07 y384b w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd08 y384b w3f h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">17.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd09 y384b w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd0a y384b w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">17.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y384c w236 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Financial assets at fair value through OCI<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xd0b y384c w231 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Level-3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd0c y384c w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd0d y384c w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd0e y384c w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd0f y384c w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd10 y384c w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd11 y384c w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd12 y384c w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y384d w237 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Deferred consideration receivable<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xd13 y384d w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd14 y384d w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd15 y384d w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd16 y384d w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd17 y384d w3f h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">10.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd18 y384d w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">10.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd91 y384d w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">2.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd92 y384d w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">8.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n xd1b y384e w5d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">22.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd1c y384e w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd1d y384e w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">31.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd1e y384e w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">87.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd1f y384e w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">141.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd20 y384e w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">23.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd93 y384e w2d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">118.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y384f ffb3 fs5 fc3 sc0 ls57 ws46\">Other financial assets<span class=\"_ _2af\"> </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 x427 y3850 w6c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Cash<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd8 y3850 w56 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">4.5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd94 y3850 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd95 y3850 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd96 y3850 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd97 y3850 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd98 y3850 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">396.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd99 y3850 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">396.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd9a y3850 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">396.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd9b y3850 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3851 w239 h5b\"><div class=\"t m0 x27a h38 y343e ffb3 fs5 fc3 sc0 ls57 ws46\">Total financial assets<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xd33 y3851 w5d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">22.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd34 y3851 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd35 y3851 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">31.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd36 y3851 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">484.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd37 y3851 w2d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">538.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd38 y3851 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">420.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd9c y3851 w2d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">118.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y3852 ffb3 fs5 fc3 sc0 ls9 ws1\">Financial liabilities<span class=\"_ _2af\"> </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 x427 y3853 w199 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd3a y3853 w232 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd3b y3853 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd3c y3853 w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd3d y3853 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd3e y3853 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd3f y3853 w2d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">285.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd40 y3853 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">285.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd79 y3853 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">74.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd9d y3853 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">210.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3694 w19e h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Other finance<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xd43 y3694 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd44 y3694 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd45 y3694 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd46 y3694 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd47 y3694 w1d1 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd48 y3694 w1bc h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd6 y3694 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd49 y3694 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y375e w230 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Non-designated foreign exchange forwards and swaps<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcea y375e w231 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Level-2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xceb y375e w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcec y375e w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xced y375e w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcee y375e w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcef y375e w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf0 y375e w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf1 y375e w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3854 w19c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf2 y3854 w232 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf3 y3854 w233 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Lev<span class=\"_ _2b\"></span>el-2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf4 y3854 w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf5 y3854 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd5d y3854 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd5e y3854 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd5f y3854 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd60 y3854 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd61 y3854 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y35fa w1a0 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">Deferred consideration payable<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcfb y35fa w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcfc y35fa w72 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcfd y35fa w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcfe y35fa w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcff y35fa w1bc h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd00 y35fa w1d1 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd01 y35fa w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd02 y35fa w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y35fb w198 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">Put options of non-controlling interests<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd9e y35fb w23d h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">c<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd9f y35fb w231 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">Level-3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda0 y35fb w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda1 y35fb w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda2 y35fb w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda3 y35fb w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd10 y35fb w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda4 y35fb w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda5 y35fb w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n xd6b y356a w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd6c y356a w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd6d y356a w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd6e y356a w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">286.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd6f y356a w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">297.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd70 y356a w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">84.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd71 y356a w2d h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">212.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y3855 ffb3 fs5 fc3 sc0 ls9 ws1\">Other financial liabilities<span class=\"_ _2af\"> </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 x427 y356c w6e h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">Overdrafts<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd72 y356c w56 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">4.5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd73 y356c w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd74 y356c w72 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd75 y356c w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd76 y356c w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda6 y356c w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">219.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda7 y356c w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">219.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda8 y356c w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">219.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda9 y356c w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3560 w74 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd7b y3560 w56 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">4.4.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd7c y3560 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd7d y3560 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd7e y3560 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd7f y3560 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd80 y3560 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">397.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd81 y3560 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">397.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd82 y3560 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">55.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd83 y3560 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">341.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w23e h5f\"><div class=\"t m0 x27a h38 y3453 ffb3 fs5 fc3 sc0 ls9 ws1\">Total financial liabilities<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xd84 y3455 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd85 y3455 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd86 y3455 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd87 y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">904.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd88 y3455 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">914.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd89 y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">359.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd8a y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">554.5<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffb6 fs5 fc3 sc0 ls9 ws1 gs726\">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 fc3 sc0 ls57 ws46 gs727\">values.<span class=\"_ _2af\"> </span></div><div class=\"gs728\"><table class=\"s w241 hae\" id=\"_d729e5d7-ed4e-4ce0-8432-165d4b82b47e\"><tr><td></td><td class=\"t m0 xdaa h3a y3856 ffb6 fs8 fc3 sc0 ls58 ws47\">Put options of </td><td class=\"t m0 xc64 h3a y3856 ffb6 fs8 fc3 sc0 ls58 ws47\">Investments<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x88a h3a y3857 ffb6 fs8 fc3 sc0 ls58 ws47\">non-controlling</td><td class=\"t m0 x506 h3a y3857 ffb6 fs8 fc3 sc0 ls58 ws47\"> FVPL and<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x4bb h3a y3858 ffb6 fs8 fc3 sc0 ls58 ws47\">interests</td><td class=\"t m0 x503 h3a y3858 ffb6 fs8 fc3 sc0 ls58 ws47\"> FVOCI<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2c5 h3a y3859 ffb6 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3859 ffb6 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y385a w242 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">At 1 January <span class=\"ls57 ws46\">2022<span class=\"_ _2af\"> </span></span></div></td><td class=\"c n x74f y385a w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">8.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98a y385a w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y385b w243 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">Change in put-options recognised in other comprehensive income<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdab y385b w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">0.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdac y385b w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y385c w1c1 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">Additions<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdad y385c w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdae y385c w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y385d w244 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">Reclassification from other investment categories<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdaf y385d w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ae y385d w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">0.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y385e w245 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">Gain in fair value recognised in income statement<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb0 y385e w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x992 y385e w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">5.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y385f w246 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">Gain in fair value recognised in other comprehensive income<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdad y385f w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdae y385f w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3860 w8a h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">At 31 December <span class=\"ls57 ws46\">2022<span class=\"_ _2af\"> </span></span></div></td><td class=\"c n x975 y3860 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7b8 y3860 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">18.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3861 w243 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">Change in put-options recognised in other comprehensive income<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb1 y3861 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffb5 fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x964 y3861 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffb5 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3862 w247 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">Disposals<span class=\"_ _2af\"> </span></div></td><td class=\"c n x73f y3862 w72 h5b\"><div class=\"t m0 x27a h38 y343e ffb5 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x740 y3862 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffb5 fs5 fc3 sc0 ls9 ws1\">(0.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3863 w246 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">Loss in fair value recognised in other comprehensive income<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdad y3863 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffb5 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x60b y3863 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffb5 fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w248 h64\"><div class=\"t m0 x27a h39 y34b5 ffb5 fs5 fc3 sc0 ls57 ws46\">At 31<span class=\"_ gs15\"> </span>December 2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb2 y3455 w62 h64\"><div class=\"t m0 x27a h39 y34b5 ffb5 fs5 fc3 sc0 ls57 ws46\">8.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2df y3455 w5d h64\"><div class=\"t m0 x27a h39 y34b5 ffb5 fs5 fc3 sc0 ls57 ws46\">17.6<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h39 ffb5 fs5 fc1 sc0 ls9 ws1 gs72a\">4.5.3 Borrowings<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffb6 fs5 fc3 sc0 ls9 ws1 gs72b\">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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffb6 fs5 fc3 sc0 ls9 ws1 gs72c\">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 fc3 sc0 ls9 ws1 gs72d\">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 fc3 sc0 ls9 ws1 gs72e\">\u00a3260.5m) (see note<span class=\"_ gs15\"> </span>4.5.2a) analysed as follows:<span class=\"_ _2af\"> </span></div><div class=\"gs72f\"><table class=\"s w249 haf\" id=\"_542aaa4b-ba3c-4cda-a03b-cf7cefbbd725\"><tr><td></td><td></td><td class=\"t m0 xdb3 h3a y3864 ffb6 fs8 fc3 sc0 ls58 ws47\">Interest rate<span class=\"_ _2af\"> </span></td><td class=\"t m0 xdb4 h3a y3864 ffb6 fs8 fc3 sc0 ls58 ws47\">Nominal value<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3865 w24a h6d\"><div class=\"t m0 x27a h3a y3517 ffb6 fs8 fc3 sc0 ls58 ws47\">Maturity<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb5 y3865 w24b h6d\"><div class=\"t m0 x27a h3a y3517 ffb6 fs8 fc3 sc0 ls58 ws47\">Denomination<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 xaff h3a y3866 ffb6 fs8 fc3 sc0 ls9 ws1\">%<span class=\"_ _2af\"> </span></td><td class=\"t m0 xdb6 h3a y3866 ffb6 fs8 fc3 sc0 ls9 ws1\">Ccy\u2019m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3867 w24c h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">22 January 2025<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb7 y3867 w24d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">GBP<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb8 y3867 w2d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">3.540<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb9 y3867 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">7.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3868 w24e h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">22 April 2025<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdba y3868 w24f h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">GBP<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdbb y3868 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">3.670<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdbc y3868 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">22.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3869 w15d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">25 July 2026<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdbd y3869 w24f h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">GBP<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdbe y3869 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">9.350<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdbf y3869 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">50.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y386a w24c h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">27 October 2026<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb7 y386a w24d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">GBP<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb8 y386a w2d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">2.770<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2f9 y386a w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">18.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y386b w24c h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">22 January 2027<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb7 y386b w24d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">GBP<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb8 y386b w2d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">3.580<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2f9 y386b w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">23.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y386c w250 h5b\"><div class=\"t m0 x27a h38 y343e ffb5 fs5 fc3 sc0 ls57 ws46\">Total GBP denominated<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc0 y386c w24d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">GBP<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xc13 y386c w2d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">122.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y386d w24c h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">22 January 2025<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb7 y386d w251 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">USD<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc1 y386d w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">3.650<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc2 y386d w3f h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">74.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y386e w15d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">25 July 2026<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdbd y386e w252 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">USD<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc3 y386e w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">8.000<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc4 y386e w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">45.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3509 w24c h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">27 October 2026<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb7 y3509 w251 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">USD<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc1 y3509 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">3.590<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc2 y3509 w3f h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">19.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y350a w24c h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">22 January 2027<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb7 y350a w251 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">USD<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc1 y350a w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">3.800<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc2 y350a w3f h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">27.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3773 w15d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">25 July 2028<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdbd y3773 w252 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">USD<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc3 y3773 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">8.210<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc4 y3773 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">23.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y386f ffb5 fs5 fc3 sc0 ls57 ws46\">Total USD denominated<span class=\"_ _2af\"> </span></td><td class=\"c n xdc5 y3870 w252 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">USD<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xdc6 y3870 w2d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">189.1<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h42 ffb5 fs1c fc3 sc0 ls9 ws1 gs730\">1<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ffb6 fs8 fc3 sc0 ls58 ws47 gs731\">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 fc3 sc0 ls58 ws47 gs732\">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 fc3 sc0 ls58 ws47 gs733\">note<span class=\"_ gs23c\"> </span>4.2.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ffb5 fs5 fc1 sc0 ls57 ws46 gs734\">4.5.4 Cash, cash equivalents and overdrafts </div><div class=\"t m0 h38 ffb6 fs5 fc3 sc0 ls57 ws46 gs735\">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 fc3 sc0 ls9 ws1 gs736\">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 fc3 sc0 ls9 ws1 gs737\">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 fc3 sc0 ls9 ws1 gs738\">gross cash and overdraft position is presented below:<span class=\"_ _2af\"> </span></div><div class=\"gs739\"><table class=\"s w253 hb0\" id=\"_ef2bd5bc-c412-4fc5-af32-10864897b22e\"><tr><td></td><td class=\"t m0 x2fc h3b y3871 ffb5 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 xdc7 h3a y3871 ffb6 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2ff h3b y3872 ffb5 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y3872 ffb6 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y358d w254 h5e\"><div class=\"t m0 x27a h38 y3453 ffb6 fs5 fc3 sc0 ls57 ws46\">Cash and cash equivalents<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc8 y358d w3b h5f\"><div class=\"t m0 x27a h38 y3453 ffb5 fs5 fc3 sc0 ls57 ws46\">155.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc9 y358d w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb6 fs5 fc3 sc0 ls57 ws46\">396.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3873 w6e h5e\"><div class=\"t m0 x27a h38 y3453 ffb6 fs5 fc3 sc0 ls9 ws1\">Overdrafts<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcc4 y3873 wbc h5f\"><div class=\"t m0 x27a h38 y3453 ffb5 fs5 fc3 sc0 ls57 ws46\">(95.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x73c y3873 w31 h5e\"><div class=\"t m0 x27a h38 y3453 ffb6 fs5 fc3 sc0 ls57 ws46\">(219.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n x98b y3874 w3f h5f\"><div class=\"t m0 x27a h38 y3453 ffb5 fs5 fc3 sc0 ls57 ws46\">60.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdca y3874 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ffb6 fs5 fc3 sc0 ls57 ws46\">177.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y3875 ffb6 fs5 fc3 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 x27b y35b2 w255 h5e\"><div class=\"t m0 x27a h38 y3453 ffb6 fs5 fc3 sc0 ls9 ws1\">held for sale<span class=\"_ _2af\"> </span></div></td><td class=\"c n x3ea y35b2 w26 h5f\"><div class=\"t m0 x27a h38 y3453 ffb5 fs5 fc3 sc0 ls57 ws46\">7.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdcb y35b2 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffb6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w256 h5f\"><div class=\"t m0 x27a h38 y3453 ffb5 fs5 fc3 sc0 ls57 ws46\">Total cash, cash equivalents and overdrafts<span class=\"_ _2af\"> </span></div></td><td class=\"c n x986 y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffb5 fs5 fc3 sc0 ls57 ws46\">67.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x743 y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb6 fs5 fc3 sc0 ls57 ws46\">177.2<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffb6 fs5 fc3 sc0 ls9 ws1 gs73a\">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 fc3 sc0 ls57 ws46 gs73b\">cash required to be held under FCA regulations, cash held in foreign bank accounts, and cas<span class=\"_ _2b\"></span>h represented </div><div class=\"t m0 h38 ffb6 fs5 fc3 sc0 ls9 ws1 gs73c\">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=\"_ _2af\"> </span>The components of the Group\u2019s net debt and undrawn availab<span class=\"_ _1\"></span>le liquidity are summarised below.<span class=\"_ _2af\"> </span><table class=\"s w1f6 h9c\" id=\"_8ea28913-f7ac-4e04-8502-9f65f47f945e\"><tr><td></td><td></td><td class=\"t m0 x7e9 h3b y375c ff9d fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x3c8 h3a y375c ff9e fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb95 h3a y375c ff9e fs8 fc3 sc0 ls58 ws47\">Year on Year<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x509 h3a y375d ff9e fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x505 h3b y375d ff9d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3a y375d ff9e fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb96 h3a y375d ff9e fs8 fc3 sc0 ls58 ws47\">movement<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3694 w16f h5c\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">Cash and cash equivalents<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb97 y3694 w56 h5c\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb98 y3694 wc1 h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">(162.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6c7 y3694 wc1 h5c\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(396.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2e6 y3694 w5e h5c\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">234.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y375e w1f7 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Overdraft<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb99 y375e w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9a y375e w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">95.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9b y375e w6b h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">219.<span class=\"_ _2b\"></span>6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9c y375e wc1 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(124.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3567 w74 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n x860 y3567 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.4.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9d y3567 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">363.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9e y3567 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">397.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9f y3567 wa0 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(34.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y375f ff9e fs5 fc3 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2af\"> </span></td><td class=\"c n xba0 y36a1 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba1 y36a1 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">262.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba2 y36a1 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">285.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba3 y36a1 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(23.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3760 w19e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Other finance<span class=\"_ _2af\"> </span></div></td><td class=\"c n x854 y3760 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96a y3760 w1bc h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x728 y3760 w100 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba4 y3760 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3761 w1f8 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Cross currency interest rate swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba5 y3761 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba6 y3761 wa0 h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">(13.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba7 y3761 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(24.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x448 y3761 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">11.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y355e w1f9 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Deferred consideration<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba8 y355e w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba9 y355e w62 h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x975 y355e w37 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbaa y355e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b1 w1a1 h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">Net debt<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xbab y35b1 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">545.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbac y35b1 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">482.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2f9 y35b1 w5d h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">63.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b2 w1fa h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Undrawn available financing facilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbad y35b2 w1fb h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2b<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbae y35b2 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">260.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbaf y35b2 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">288.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb0 y35b2 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(27.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w1fc h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc1 sc0 ls57 ws46\">Capital<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xbb1 y3455 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">806.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb2 y3455 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">770.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb3 y3455 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">35.4<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span>1.<span class=\"_ _9\"> </span>Private loan notes include US<span class=\"_ gs23c\"> </span>dollar and British pound sterling private plac<span class=\"_ _2b\"></span>ement loan notes.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </span>4.5.3 Borrowings<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w249 haf\" id=\"_542aaa4b-ba3c-4cda-a03b-cf7cefbbd725\"><tr><td></td><td></td><td class=\"t m0 xdb3 h3a y3864 ffb6 fs8 fc3 sc0 ls58 ws47\">Interest rate<span class=\"_ _2af\"> </span></td><td class=\"t m0 xdb4 h3a y3864 ffb6 fs8 fc3 sc0 ls58 ws47\">Nominal value<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3865 w24a h6d\"><div class=\"t m0 x27a h3a y3517 ffb6 fs8 fc3 sc0 ls58 ws47\">Maturity<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb5 y3865 w24b h6d\"><div class=\"t m0 x27a h3a y3517 ffb6 fs8 fc3 sc0 ls58 ws47\">Denomination<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 xaff h3a y3866 ffb6 fs8 fc3 sc0 ls9 ws1\">%<span class=\"_ _2af\"> </span></td><td class=\"t m0 xdb6 h3a y3866 ffb6 fs8 fc3 sc0 ls9 ws1\">Ccy\u2019m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3867 w24c h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">22 January 2025<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb7 y3867 w24d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">GBP<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb8 y3867 w2d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">3.540<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb9 y3867 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">7.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3868 w24e h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">22 April 2025<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdba y3868 w24f h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">GBP<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdbb y3868 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">3.670<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdbc y3868 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">22.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3869 w15d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">25 July 2026<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdbd y3869 w24f h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">GBP<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdbe y3869 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">9.350<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdbf y3869 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">50.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y386a w24c h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">27 October 2026<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb7 y386a w24d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">GBP<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb8 y386a w2d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">2.770<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2f9 y386a w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">18.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y386b w24c h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">22 January 2027<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb7 y386b w24d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">GBP<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb8 y386b w2d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">3.580<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2f9 y386b w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">23.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y386c w250 h5b\"><div class=\"t m0 x27a h38 y343e ffb5 fs5 fc3 sc0 ls57 ws46\">Total GBP denominated<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc0 y386c w24d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">GBP<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xc13 y386c w2d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">122.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y386d w24c h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">22 January 2025<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb7 y386d w251 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">USD<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc1 y386d w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">3.650<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc2 y386d w3f h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">74.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y386e w15d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">25 July 2026<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdbd y386e w252 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">USD<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc3 y386e w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">8.000<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc4 y386e w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">45.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3509 w24c h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">27 October 2026<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb7 y3509 w251 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">USD<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc1 y3509 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">3.590<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc2 y3509 w3f h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">19.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y350a w24c h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">22 January 2027<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb7 y350a w251 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">USD<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc1 y350a w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">3.800<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc2 y350a w3f h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">27.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3773 w15d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">25 July 2028<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdbd y3773 w252 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">USD<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc3 y3773 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">8.210<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdc4 y3773 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">23.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y386f ffb5 fs5 fc3 sc0 ls57 ws46\">Total USD denominated<span class=\"_ _2af\"> </span></td><td class=\"c n xdc5 y3870 w252 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">USD<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xdc6 y3870 w2d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">189.1<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </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=\"_ gs23c\"> </span>4.2.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>The components of the Group\u2019s net debt and undrawn availab<span class=\"_ _1\"></span>le liquidity are summarised below.<span class=\"_ _2af\"> </span><table class=\"s w1f6 h9c\" id=\"_8ea28913-f7ac-4e04-8502-9f65f47f945e\"><tr><td></td><td></td><td class=\"t m0 x7e9 h3b y375c ff9d fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x3c8 h3a y375c ff9e fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb95 h3a y375c ff9e fs8 fc3 sc0 ls58 ws47\">Year on Year<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x509 h3a y375d ff9e fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x505 h3b y375d ff9d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3a y375d ff9e fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb96 h3a y375d ff9e fs8 fc3 sc0 ls58 ws47\">movement<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3694 w16f h5c\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">Cash and cash equivalents<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb97 y3694 w56 h5c\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb98 y3694 wc1 h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">(162.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6c7 y3694 wc1 h5c\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(396.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2e6 y3694 w5e h5c\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">234.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y375e w1f7 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Overdraft<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb99 y375e w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9a y375e w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">95.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9b y375e w6b h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">219.<span class=\"_ _2b\"></span>6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9c y375e wc1 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(124.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3567 w74 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n x860 y3567 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.4.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9d y3567 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">363.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9e y3567 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">397.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9f y3567 wa0 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(34.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y375f ff9e fs5 fc3 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2af\"> </span></td><td class=\"c n xba0 y36a1 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba1 y36a1 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">262.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba2 y36a1 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">285.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba3 y36a1 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(23.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3760 w19e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Other finance<span class=\"_ _2af\"> </span></div></td><td class=\"c n x854 y3760 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96a y3760 w1bc h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x728 y3760 w100 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba4 y3760 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3761 w1f8 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Cross currency interest rate swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba5 y3761 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba6 y3761 wa0 h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">(13.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba7 y3761 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(24.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x448 y3761 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">11.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y355e w1f9 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Deferred consideration<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba8 y355e w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba9 y355e w62 h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x975 y355e w37 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbaa y355e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b1 w1a1 h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">Net debt<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xbab y35b1 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">545.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbac y35b1 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">482.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2f9 y35b1 w5d h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">63.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b2 w1fa h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Undrawn available financing facilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbad y35b2 w1fb h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2b<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbae y35b2 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">260.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbaf y35b2 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">288.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb0 y35b2 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(27.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w1fc h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc1 sc0 ls57 ws46\">Capital<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xbb1 y3455 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">806.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb2 y3455 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">770.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb3 y3455 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">35.4<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span>1.<span class=\"_ _9\"> </span>Private loan notes include US<span class=\"_ gs23c\"> </span>dollar and British pound sterling private plac<span class=\"_ _2b\"></span>ement loan notes.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </span>The components of the Group\u2019s net debt and undrawn availab<span class=\"_ _1\"></span>le liquidity are summarised below.<span class=\"_ _2af\"> </span><table class=\"s w1f6 h9c\" id=\"_8ea28913-f7ac-4e04-8502-9f65f47f945e\"><tr><td></td><td></td><td class=\"t m0 x7e9 h3b y375c ff9d fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x3c8 h3a y375c ff9e fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb95 h3a y375c ff9e fs8 fc3 sc0 ls58 ws47\">Year on Year<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x509 h3a y375d ff9e fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x505 h3b y375d ff9d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3a y375d ff9e fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb96 h3a y375d ff9e fs8 fc3 sc0 ls58 ws47\">movement<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3694 w16f h5c\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">Cash and cash equivalents<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb97 y3694 w56 h5c\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb98 y3694 wc1 h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">(162.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6c7 y3694 wc1 h5c\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(396.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2e6 y3694 w5e h5c\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">234.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y375e w1f7 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Overdraft<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb99 y375e w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9a y375e w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">95.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9b y375e w6b h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">219.<span class=\"_ _2b\"></span>6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9c y375e wc1 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(124.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3567 w74 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n x860 y3567 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.4.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9d y3567 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">363.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9e y3567 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">397.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9f y3567 wa0 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(34.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y375f ff9e fs5 fc3 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2af\"> </span></td><td class=\"c n xba0 y36a1 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba1 y36a1 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">262.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba2 y36a1 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">285.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba3 y36a1 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(23.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3760 w19e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Other finance<span class=\"_ _2af\"> </span></div></td><td class=\"c n x854 y3760 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96a y3760 w1bc h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x728 y3760 w100 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba4 y3760 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3761 w1f8 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Cross currency interest rate swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba5 y3761 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba6 y3761 wa0 h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">(13.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba7 y3761 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(24.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x448 y3761 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">11.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y355e w1f9 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Deferred consideration<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba8 y355e w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba9 y355e w62 h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x975 y355e w37 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbaa y355e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b1 w1a1 h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">Net debt<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xbab y35b1 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">545.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbac y35b1 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">482.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2f9 y35b1 w5d h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">63.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b2 w1fa h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Undrawn available financing facilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbad y35b2 w1fb h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2b<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbae y35b2 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">260.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbaf y35b2 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">288.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb0 y35b2 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(27.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w1fc h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc1 sc0 ls57 ws46\">Capital<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xbb1 y3455 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">806.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb2 y3455 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">770.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb3 y3455 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">35.4<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span>1.<span class=\"_ _9\"> </span>Private loan notes include US<span class=\"_ gs23c\"> </span>dollar and British pound sterling private plac<span class=\"_ _2b\"></span>ement loan notes.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </span>4.1.2 Capital management<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></span>nancial covenants of any loans or borrowings during the reporting period.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>The components of the Group\u2019s net debt and undrawn availab<span class=\"_ _1\"></span>le liquidity are summarised below.<span class=\"_ _2af\"> </span><table class=\"s w1f6 h9c\" id=\"_8ea28913-f7ac-4e04-8502-9f65f47f945e\"><tr><td></td><td></td><td class=\"t m0 x7e9 h3b y375c ff9d fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x3c8 h3a y375c ff9e fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb95 h3a y375c ff9e fs8 fc3 sc0 ls58 ws47\">Year on Year<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x509 h3a y375d ff9e fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x505 h3b y375d ff9d fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3a y375d ff9e fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb96 h3a y375d ff9e fs8 fc3 sc0 ls58 ws47\">movement<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3694 w16f h5c\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">Cash and cash equivalents<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb97 y3694 w56 h5c\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb98 y3694 wc1 h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">(162.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6c7 y3694 wc1 h5c\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(396.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2e6 y3694 w5e h5c\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">234.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y375e w1f7 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Overdraft<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb99 y375e w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9a y375e w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">95.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9b y375e w6b h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">219.<span class=\"_ _2b\"></span>6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9c y375e wc1 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(124.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3567 w74 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n x860 y3567 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.4.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9d y3567 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">363.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9e y3567 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">397.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9f y3567 wa0 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(34.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y375f ff9e fs5 fc3 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2af\"> </span></td><td class=\"c n xba0 y36a1 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba1 y36a1 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">262.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba2 y36a1 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">285.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba3 y36a1 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(23.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3760 w19e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Other finance<span class=\"_ _2af\"> </span></div></td><td class=\"c n x854 y3760 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x96a y3760 w1bc h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x728 y3760 w100 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba4 y3760 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3761 w1f8 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Cross currency interest rate swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba5 y3761 w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba6 y3761 wa0 h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">(13.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba7 y3761 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(24.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x448 y3761 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">11.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y355e w1f9 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Deferred consideration<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba8 y355e w56 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xba9 y355e w62 h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x975 y355e w37 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbaa y355e w36 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b1 w1a1 h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">Net debt<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xbab y35b1 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">545.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbac y35b1 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">482.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2f9 y35b1 w5d h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">63.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b2 w1fa h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls9 ws1\">Undrawn available financing facilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbad y35b2 w1fb h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">4.5.2b<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbae y35b2 w5e h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">260.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbaf y35b2 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">288.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb0 y35b2 w34 h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">(27.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w1fc h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc1 sc0 ls57 ws46\">Capital<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xbb1 y3455 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff9d fs5 fc3 sc0 ls57 ws46\">806.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb2 y3455 w5e h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">770.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb3 y3455 w3d h5d\"><div class=\"t m0 x27a h38 y343e ff9e fs5 fc3 sc0 ls57 ws46\">35.4<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span>1.<span class=\"_ _9\"> </span>Private loan notes include US<span class=\"_ gs23c\"> </span>dollar and British pound sterling private plac<span class=\"_ _2b\"></span>ement loan notes.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </span>4.1.2 Capital management<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></span>nancial covenants of any loans or borrowings during the reporting period.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span></span>4.2 Financial risk Financial risk management objectives and policies<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><div class=\"t m0 h39 ff9f fs5 fc1 sc0 ls9 ws1 gs5e3\">4.2.1 Liquidity risk<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa0 fs5 fc3 sc0 ls9 ws1 gs5e4\">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 fc3 sc0 ls9 ws1 gs5e5\">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 fc3 sc0 ls9 ws1 gs5e6\">flows from operations and an allowance for contingencies.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa0 fs5 fc3 sc0 ls9 ws1 gs5e7\">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 fc3 sc0 ls9 ws1 gs5e8\">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 fc3 sc0 ls9 ws1 gs5e9\">continuity of funding and flexibility without placing reliance on sources th<span class=\"_ _1\"></span>at are not contractually committed.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa0 fs5 fc3 sc0 ls9 ws1 gs5ea\">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 fc3 sc0 ls9 ws1 gs5eb\">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 fc3 sc0 ls9 ws1 gs5ec\">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 fc3 sc0 ls57 ws46 gs5ed\">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 fc3 sc0 ls9 ws1 gs5ee\">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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa0 fs5 fc3 sc0 ls57 ws46 gs5ef\">The RCF was not drawn upon at 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> (</span>2022: undrawn).<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa0 fs5 fc3 sc0 ls9 ws1 gs5f0\">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 fc3 sc0 ls9 ws1 gs5f1\">refinance in challenging conditions, these have been arrang<span class=\"_ _1\"></span>ed with a spread of maturities to July 2028.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa0 fs5 fc3 sc0 ls9 ws1 gs5f2\">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 fc3 sc0 ls9 ws1 gs5f3\">the event of a change of control, which are typical of these arrange<span class=\"_ _1\"></span>ments.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa0 fs5 fc3 sc0 ls9 ws1 gs5f4\">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 fc3 sc0 ls9 ws1 gs5f5\">providing additional liquidity from 1<span class=\"_ gs15\"> </span>January 2<span class=\"_ _1\"></span>024. This was cancelled in July 2023.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa0 fs5 fc3 sc0 ls9 ws1 gs5f6\">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 fc3 sc0 ls9 ws1 gs5f7\">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 fc3 sc0 ls9 ws1 gs5f8\">contractual interest rates at the balance sheet date.<span class=\"_ _2af\"> </span></div><div class=\"gs23b\"><table class=\"s w1fd h9d\" id=\"_8c74c0ba-be57-4b9f-acd4-23b27946a6ea\"><tr><td></td><td class=\"t m0 x48c h3b y3762 ff9f fs8 fc3 sc0 ls58 ws47\">Within </td><td class=\"t m0 xbb4 h3b y3762 ff9f fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 xbb5 h3b y3762 ff9f fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 x44e h3b y3762 ff9f fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 x7bd h3b y3762 ff9f fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 x6e8 h3b y3762 ff9f fs8 fc3 sc0 ls58 ws47\">More than </td><td></td></tr><tr><td></td><td class=\"t m0 xbb6 h3b y3763 ff9f fs8 fc3 sc0 ls58 ws47\">1 year </td><td class=\"t m0 xbb7 h3b y3763 ff9f fs8 fc3 sc0 ls58 ws47\">1\u20132 years </td><td class=\"t m0 xbb8 h3b y3763 ff9f fs8 fc3 sc0 ls58 ws47\">2\u20133 years </td><td class=\"t m0 xbb9 h3b y3763 ff9f fs8 fc3 sc0 ls58 ws47\">3\u20134 years </td><td class=\"t m0 xbba h3b y3763 ff9f fs8 fc3 sc0 ls58 ws47\">4\u20135 years </td><td class=\"t m0 x2ff h3b y3763 ff9f fs8 fc3 sc0 ls58 ws47\">5 years </td><td class=\"t m0 x44c h3b y3763 ff9f fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x301 h3b y3764 ff9f fs8 fc3 sc0 ls58 ws47\">At 31<span class=\"_ gs23c\"> </span>December 2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x494 h3b y3764 ff9f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xbbb h3b y3764 ff9f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x449 h3b y3764 ff9f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xbbc h3b y3764 ff9f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xbbd h3b y3764 ff9f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xbbe h3b y3764 ff9f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3b y3764 ff9f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3765 w1fe h5c\"><div class=\"t m0 x27a h38 y343e ffa0 fs5 fc3 sc0 ls9 ws1\">Overdraft*<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbbf y3765 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">95.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbc0 y3765 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbc1 y3765 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbc2 y3765 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbc3 y3765 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbc4 y3765 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbc5 y3765 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">95.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y3766 ffa0 fs5 fc3 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 x27b y3767 w1ff h5c\"><div class=\"t m0 x27a h38 y343e ffa0 fs5 fc3 sc0 ls57 ws46\">notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbc6 y3767 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbc7 y3767 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">88.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbc8 y3767 w6b h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">119.<span class=\"_ _2b\"></span>1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbc9 y3767 w3f h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">45.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbca y3767 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">18.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbcb y3767 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb0a y3767 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">270.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3768 w200 h5d\"><div class=\"t m0 x27a h38 y343e ffa0 fs5 fc3 sc0 ls57 ws46\">Interest on loan notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbcc y3768 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">15.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbcd y3768 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">13.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbce y3768 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">11.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbcf y3768 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd0 y3768 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">1.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd1 y3768 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd2 y3768 w3f h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">43.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3769 w7b h5d\"><div class=\"t m0 x27a h38 y343e ffa0 fs5 fc3 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd3 y3769 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">71.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd4 y3769 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">55.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd5 y3769 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">42.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd6 y3769 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">35.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd7 y3769 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">30.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd8 y3769 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">276.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd9 y3769 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">512.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y376a w201 h5d\"><div class=\"t m0 x27a h38 y343e ffa0 fs5 fc3 sc0 ls9 ws1\">Deferred consideration<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbda y376a w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbdb y376a w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbdc y376a w37 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbdd y376a w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb3d y376a w8c h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb3e y376a w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbde y376a w26 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c x27b y376b w61 h67\"><div class=\"t m0 x27a h38 y34cf ffa0 fs5 fc3 sc0 ls57 ws46\">Put options of non-<span class=\"_ _2af\"> </span></div><div class=\"t m0 x27a h38 y343e ffa0 fs5 fc3 sc0 ls9 ws1\">controlling interests<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbdf y376b w26 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">8.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe0 y376b w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe1 y376b w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe2 y376b w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe3 y376b w8c h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe4 y376b w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe5 y376b w26 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">8.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y376c ffa0 fs5 fc3 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 x27b y376d w15a h5d\"><div class=\"t m0 x27a h38 y343e ffa0 fs5 fc3 sc0 ls9 ws1\">interest rate swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe6 y376d w26 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">1.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe7 y376d w37 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">1.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x860 y376d w37 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">1.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe8 y376d w8c h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe9 y376d w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbea y376d w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98a y376d w37 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">3.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y376e ffa0 fs5 fc3 sc0 ls57 ws46\">Cash flow hedges<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y376f w202 h5d\"><div class=\"t m0 x27a h38 y343e ffa0 fs5 fc3 sc0 ls9 ws1\">currency swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbeb y376f w26 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">5.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbec y376f w26 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">5.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbed y376f w37 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">5.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbee y376f w37 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbef y376f w26 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf0 y376f w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x70a y376f w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">18.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y3770 ffa0 fs5 fc3 sc0 ls57 ws46\">Cash flow hedges<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y3771 w203 h5d\"><div class=\"t m0 x27a h38 y343e ffa0 fs5 fc3 sc0 ls9 ws1\">Interest rate swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf1 y3771 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf2 y3771 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf3 y3771 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf4 y3771 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf5 y3771 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbcb y3771 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf6 y3771 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">3.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y3772 ffa0 fs5 fc3 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 x27b y3773 w168 h5d\"><div class=\"t m0 x27a h38 y343e ffa0 fs5 fc3 sc0 ls9 ws1\">instruments<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf7 y3773 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf8 y3773 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf9 y3773 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbfa y3773 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbfb y3773 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbfc y3773 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbfd y3773 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xbfe y3455 w3b h64\"><div class=\"t m0 x27a h39 y34b5 ff9f fs5 fc3 sc0 ls57 ws46\">197.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbff y3455 w2d h64\"><div class=\"t m0 x27a h39 y34b5 ff9f fs5 fc3 sc0 ls57 ws46\">164.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc00 y3455 w3b h64\"><div class=\"t m0 x27a h39 y34b5 ff9f fs5 fc3 sc0 ls57 ws46\">180.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc01 y3455 w3d h64\"><div class=\"t m0 x27a h39 y34b5 ff9f fs5 fc3 sc0 ls57 ws46\">85.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc02 y3455 w3d h64\"><div class=\"t m0 x27a h39 y34b5 ff9f fs5 fc3 sc0 ls57 ws46\">52.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc03 y3455 w3b h64\"><div class=\"t m0 x27a h39 y34b5 ff9f fs5 fc3 sc0 ls57 ws46\">276.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc04 y3455 w3b h64\"><div class=\"t m0 x27a h39 y34b5 ff9f fs5 fc3 sc0 ls57 ws46\">956.0<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h3a ffa0 fs8 fc3 sc0 ls9 ws1 gs5fa\">*<span class=\"_ _16\"> </span><span class=\"ls58 ws47\">The Group has a notional cash pool under which the bank may net cash balances wi<span class=\"_ _2b\"></span>th overdrafts held by other Group companies in the </span></div><div class=\"t m0 h3a ffa0 fs8 fc3 sc0 ls58 ws47 gs5fb\">arrangements. The overdraft balances shown are fully offset by credit balances in the same arrangement.<span class=\"_ _2af\"> </span></div><div class=\"gs5fc\"><table class=\"s wdc h9e\" id=\"_f24360d9-9333-463b-bbb7-bb2b802577c8\"><tr><td></td><td class=\"t m0 xc05 h3a y3774 ffa0 fs8 fc3 sc0 ls58 ws47\">Within </td><td class=\"t m0 xc06 h3a y3774 ffa0 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 x496 h3a y3774 ffa0 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 xc07 h3a y3774 ffa0 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 xc08 h3a y3774 ffa0 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 xb4f h3a y3774 ffa0 fs8 fc3 sc0 ls58 ws47\">More than </td><td></td></tr><tr><td></td><td class=\"t m0 xc05 h3a y3775 ffa0 fs8 fc3 sc0 ls58 ws47\">1 year </td><td class=\"t m0 x6e4 h3a y3775 ffa0 fs8 fc3 sc0 ls58 ws47\">1\u20132 years </td><td class=\"t m0 xc09 h3a y3775 ffa0 fs8 fc3 sc0 ls58 ws47\">2\u20133 years </td><td class=\"t m0 xc0a h3a y3775 ffa0 fs8 fc3 sc0 ls58 ws47\">3\u20134 years </td><td class=\"t m0 xc0b h3a y3775 ffa0 fs8 fc3 sc0 ls58 ws47\">4\u20135 years </td><td class=\"t m0 x2ff h3a y3775 ffa0 fs8 fc3 sc0 ls58 ws47\">5 years </td><td class=\"t m0 x2fd h3a y3775 ffa0 fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x301 h3a y3776 ffa0 fs8 fc3 sc0 ls58 ws47\">At 31<span class=\"_ gs23c\"> </span>December 2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc0c h3a y3776 ffa0 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc0d h3a y3776 ffa0 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x449 h3a y3776 ffa0 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb06 h3a y3776 ffa0 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xbbd h3a y3776 ffa0 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x493 h3a y3776 ffa0 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y3776 ffa0 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3777 w1fe h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">Overdraft*<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc0e y3777 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">219.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc0f y3777 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc10 y3777 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc11 y3777 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc12 y3777 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x70e y3777 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc13 y3777 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">219.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y3778 ffa0 fs5 fc3 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 x27b y3779 w1ff h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc14 y3779 w3f h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">75.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc15 y3779 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc16 y3779 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">91.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc17 y3779 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">34.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc18 y3779 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">94.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf0 y3779 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc19 y3779 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">295.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y377a w200 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">Interest on loan notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc1a y377a w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">9.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc1b y377a w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">7.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc1c y377a w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">6.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc1d y377a w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc1e y377a w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">2.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f7 y377a w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x61b y377a w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">30.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y377b w7b h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd3 y377b w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">76.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd4 y377b w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">64.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd5 y377b w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">49.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd6 y377b w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">39.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd7 y377b w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">33.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd8 y377b w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">296.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd9 y377b w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">560.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y377c w201 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">Deferred consideration<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbda y377c w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbdb y377c w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc1f y377c w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc20 y377c w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc21 y377c w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb3e y377c w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbde y377c w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c x27b y377e w61 h9f\"><div class=\"t m0 x27a h38 y377d ffa0 fs5 fc3 sc0 ls57 ws46\">Put options of non-<span class=\"_ _2af\"> </span></div><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">controlling interests<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbdf y377e w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe0 y377e w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe1 y377e w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe2 y377e w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe3 y377e w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe4 y377e w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe5 y377e w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y377f ffa0 fs5 fc3 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 x27b y3688 w15a h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">interest rate swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe6 y3688 w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe7 y3688 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x860 y3688 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc22 y3688 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc23 y3688 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc24 y3688 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc25 y3688 w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">3.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y3780 ffa0 fs5 fc3 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 x27b y35b2 w168 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">instruments<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf7 y35b2 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf8 y35b2 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf9 y35b2 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbfa y35b2 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbfb y35b2 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbfc y35b2 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbfd y35b2 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xbfe y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">391.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc26 y3455 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">73.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc27 y3455 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">147.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc28 y3455 w3f h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">79.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc29 y3455 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">130.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc03 y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">296.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc2a y3455 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">1,119.3<span class=\"_ _2af\"> </span></div></td></tr></table></div>4.2.2 Foreign currency risk<span class=\"_ _2af\"> </span>The Group is not generally exposed to significant foreign currency tra<span class=\"_ _1\"></span>nsaction risk with two exceptions.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w5b ha0\" id=\"_60b4524d-f35e-4eb6-b377-0941b612b202\"><tr><td></td><td class=\"c n xc2b y3781 wdd h6f\"><div class=\"t m0 x27a h3b y3608 ffa1 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xc2c y3781 wdd h6f\"><div class=\"t m0 x27a h3b y3608 ffa1 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x509 h3a y3782 ffa2 fs8 fc3 sc0 ls58 ws47\">Effect on profit </td><td class=\"t m0 x665 h3a y3782 ffa2 fs8 fc3 sc0 ls58 ws47\">Effect on </td><td class=\"t m0 x5d9 h3a y3782 ffa2 fs8 fc3 sc0 ls58 ws47\">Effect on profit </td><td class=\"t m0 x75e h3a y3782 ffa2 fs8 fc3 sc0 ls58 ws47\">Effect on </td></tr><tr><td></td><td class=\"t m0 xac4 h3a y3783 ffa2 fs8 fc3 sc0 ls58 ws47\">before tax </td><td class=\"t m0 x663 h3a y3783 ffa2 fs8 fc3 sc0 ls58 ws47\">equity </td><td class=\"t m0 xc2d h3a y3783 ffa2 fs8 fc3 sc0 ls58 ws47\">before tax </td><td class=\"t m0 xac7 h3a y3783 ffa2 fs8 fc3 sc0 ls58 ws47\">equity </td></tr><tr><td></td><td class=\"t m0 x889 h3a y3784 ffa2 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x662 h3a y3784 ffa2 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x508 h3a y3784 ffa2 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3784 ffa2 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3510 w204 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls9 ws1\">USD<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc2e y3510 w62 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls57 ws46\">0.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc2f y3510 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls57 ws46\">4.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc30 y3510 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc31 y3510 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3512 w205 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">INR<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc32 y3512 w72 h64\"><div class=\"t m0 x27a h38 y3453 ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc33 y3512 w62 h64\"><div class=\"t m0 x27a h38 y3453 ffa1 fs5 fc3 sc0 ls57 ws46\">3.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc34 y3512 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb29 y3512 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">0.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3513 w206 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">ZAR<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc35 y3513 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffa1 fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc36 y3513 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffa1 fs5 fc3 sc0 ls57 ws46\">3.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc37 y3513 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">1.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc38 y3513 w72 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w207 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">PLN<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc39 y3455 w72 h5f\"><div class=\"t m0 x27a h38 y3453 ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc3a y3455 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ffa1 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc3b y3455 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc3c y3455 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr></table>4.2.3 Interest rate risk<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w208 ha1\" id=\"_31a545a9-0482-4979-9bae-a619f3dc2298\"><tr><td class=\"t m0 x301 h3b y3785 ffa1 fs8 fc3 sc0 ls58 ws47\">Nominal amounts<span class=\"_ _2af\"> </span></td><td class=\"t m0 x48c h3b y3785 ffa1 fs8 fc3 sc0 ls58 ws47\">Within </td><td class=\"t m0 xbb4 h3b y3785 ffa1 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 xbb5 h3b y3785 ffa1 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 x44e h3b y3785 ffa1 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 x7bd h3b y3785 ffa1 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 x6e8 h3b y3785 ffa1 fs8 fc3 sc0 ls58 ws47\">More than </td><td></td></tr><tr><td></td><td class=\"t m0 xbb6 h3b y3786 ffa1 fs8 fc3 sc0 ls58 ws47\">1 year </td><td class=\"t m0 xbb7 h3b y3786 ffa1 fs8 fc3 sc0 ls58 ws47\">1\u20132 years </td><td class=\"t m0 xbb8 h3b y3786 ffa1 fs8 fc3 sc0 ls58 ws47\">2\u20133 years </td><td class=\"t m0 xbb9 h3b y3786 ffa1 fs8 fc3 sc0 ls58 ws47\">3\u20134 years </td><td class=\"t m0 xbba h3b y3786 ffa1 fs8 fc3 sc0 ls58 ws47\">4\u20135 years </td><td class=\"t m0 x2ff h3b y3786 ffa1 fs8 fc3 sc0 ls58 ws47\">5 years </td><td class=\"t m0 x44c h3b y3786 ffa1 fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x301 h3b y3787 ffa1 fs8 fc3 sc0 ls58 ws47\">At 31<span class=\"_ gs23c\"> </span>December 2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x494 h3b y3787 ffa1 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xbbb h3b y3787 ffa1 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x449 h3b y3787 ffa1 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xbbc h3b y3787 ffa1 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xbbd h3b y3787 ffa1 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xbbe h3b y3787 ffa1 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3b y3787 ffa1 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y3788 ffa1 fs5 fc3 sc0 ls57 ws46\">Fixed rate<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x4f6 h38 y3789 ffa2 fs5 fc3 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 x4f7 y35ee w147 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">loan notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc3d y35ee w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc3e y35ee w3f h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls57 ws46\">75.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc3f y35ee w6b h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls57 ws46\">119.<span class=\"_ _2b\"></span>4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc40 y35ee w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls57 ws46\">40.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc41 y35ee w3f h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls57 ws46\">18.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc42 y35ee w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc43 y35ee w2d h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls57 ws46\">254.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y378a ffa1 fs5 fc3 sc0 ls57 ws46\">Floating rate<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x4f7 y3454 w209 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">Cash in hand<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc44 y3454 w30 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls57 ws46\">(162.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc45 y3454 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc46 y3454 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc47 y3454 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc48 y3454 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc49 y3454 w8c h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc4a y3454 w31 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls57 ws46\">(162.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y3455 w20a h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls9 ws1\">Overdraft<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc4b y3455 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls57 ws46\">95.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc4c y3455 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc4d y3455 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc4e y3455 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc4f y3455 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc50 y3455 w8c h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc51 y3455 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls57 ws46\">95.0<span class=\"_ _2af\"> </span></div></td></tr></table><table class=\"s w208 ha2\" id=\"_c53af681-77e5-4b3e-addd-bd750e6d5e92\"><tr><td class=\"t m0 x301 h3a y378b ffa2 fs8 fc3 sc0 ls58 ws47\">Nominal amounts<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc05 h3a y378b ffa2 fs8 fc3 sc0 ls58 ws47\">Within </td><td class=\"t m0 xc06 h3a y378b ffa2 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 x496 h3a y378b ffa2 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 xc07 h3a y378b ffa2 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 xc08 h3a y378b ffa2 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 xb4f h3a y378b ffa2 fs8 fc3 sc0 ls58 ws47\">More than </td><td></td></tr><tr><td></td><td class=\"t m0 xc05 h3a y378c ffa2 fs8 fc3 sc0 ls58 ws47\">1 year </td><td class=\"t m0 x6e4 h3a y378c ffa2 fs8 fc3 sc0 ls58 ws47\">1\u20132 years </td><td class=\"t m0 xc09 h3a y378c ffa2 fs8 fc3 sc0 ls58 ws47\">2\u20133 years </td><td class=\"t m0 xc0a h3a y378c ffa2 fs8 fc3 sc0 ls58 ws47\">3\u20134 years </td><td class=\"t m0 xc0b h3a y378c ffa2 fs8 fc3 sc0 ls58 ws47\">4\u20135 years </td><td class=\"t m0 x2ff h3a y378c ffa2 fs8 fc3 sc0 ls58 ws47\">5 years </td><td class=\"t m0 x2fd h3a y378c ffa2 fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x301 h3a y378d ffa2 fs8 fc3 sc0 ls58 ws47\">At 31<span class=\"_ gs23c\"> </span>December 2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc0c h3a y378d ffa2 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc0d h3a y378d ffa2 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x449 h3a y378d ffa2 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb06 h3a y378d ffa2 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xbbd h3a y378d ffa2 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x493 h3a y378d ffa2 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y378d ffa2 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y378e ffa1 fs5 fc3 sc0 ls57 ws46\">Fixed rate<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x4f6 h38 y378f ffa2 fs5 fc3 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 x4f7 y352b w147 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">loan notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc52 y352b w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">27.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc53 y352b w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc54 y352b w3f h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">29.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc55 y352b w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">18.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc56 y352b w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">71.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc57 y352b w8c h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc58 y352b w3b h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">147.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y3790 ffa1 fs5 fc3 sc0 ls57 ws46\">Floating rate<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x4f7 y3791 w209 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">Cash in hand<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc44 y3791 w30 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">(396.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc45 y3791 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc46 y3791 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc47 y3791 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc48 y3791 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc49 y3791 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc4a y3791 w31 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">(396.8)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y3792 w20a h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">Overdraft<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc59 y3792 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">219.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc5a y3792 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc5b y3792 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc5c y3792 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc5d y3792 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc5e y3792 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc5f y3792 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">219.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x4f6 h38 y3793 ffa2 fs5 fc3 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 x4f7 y3455 w147 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">loan notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc52 y3455 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">38.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc53 y3455 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc54 y3455 w3f h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">46.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc55 y3455 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">15.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc56 y3455 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">17.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc57 y3455 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc58 y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">117.6<span class=\"_ _2af\"> </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=\"_ _2af\"> </span><div class=\"t m0 h39 ffa3 fs5 fc1 sc0 ls57 ws46 gs61d\">4.2.4 Hedges<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa4 fs5 fc1 sc0 ls57 ws46 gs61e\">Fair value hedges<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa4 fs5 fc3 sc0 ls9 ws1 gs61f\">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 fc3 sc0 ls9 ws1 gs620\">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 fc3 sc0 ls57 ws46 gs621\">in the fair value of US<span class=\"_ gs15\"> </span>dollar denominated loan notes. The loan notes and their corres<span class=\"_ _2b\"></span>ponding swaps have </div><div class=\"t m0 h38 ffa4 fs5 fc3 sc0 ls9 ws1 gs622\">the same critical terms including nominal values and maturity dates.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa4 fs5 fc3 sc0 ls57 ws46 gs623\">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 fc3 sc0 ls9 ws1 gs624\">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 fc3 sc0 ls9 ws1 gs625\">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 fc3 sc0 ls9 ws1 gs626\">(<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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa4 fs5 fc3 sc0 ls57 ws46 gs627\">The impact of the hedged item and the related financial derivatives on the consolidat<span class=\"_ _2b\"></span>ed balance sheet at </div><div class=\"t m0 h38 ffa4 fs5 fc3 sc0 ls57 ws46 gs628\">31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> is as follows:<span class=\"_ _2af\"> </span></span></div><div class=\"gs629\"><table class=\"s w20b ha3\" id=\"_31687d4a-eeea-4139-9d89-7e12470c6fde\"><tr><td></td><td></td><td class=\"t m0 xc60 h3b y3794 ffa3 fs8 fc3 sc0 ls58 ws47\">Notional<span class=\"_ _2af\"> </span></td><td></td><td></td><td class=\"t m0 x6c4 h3b y3794 ffa3 fs8 fc3 sc0 ls58 ws47\">Carrying<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 xc61 h3b y3795 ffa3 fs8 fc3 sc0 ls58 ws47\">Change in fair<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xac3 h3b y3796 ffa3 fs8 fc3 sc0 ls58 ws47\">amount of the<span class=\"_ _2af\"> </span></td><td></td><td></td><td class=\"t m0 xac5 h3b y3796 ffa3 fs8 fc3 sc0 ls58 ws47\">amount of the<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 xc61 h3b y3797 ffa3 fs8 fc3 sc0 ls58 ws47\">value used for<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xc62 h3b y3798 ffa3 fs8 fc3 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2af\"> </span></td><td></td><td></td><td class=\"t m0 xc63 h3b y3798 ffa3 fs8 fc3 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2af\"> </span></td><td class=\"t m0 x764 h3b y3799 ffa3 fs8 fc3 sc0 ls58 ws47\">Line item in<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc64 h3b y379a ffa3 fs8 fc3 sc0 ls58 ws47\">measuring<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xc65 h3b y379b ffa3 fs8 fc3 sc0 ls58 ws47\">Assets<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc66 h3b y379b ffa3 fs8 fc3 sc0 ls58 ws47\">Liabilities<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc67 h3b y379b ffa3 fs8 fc3 sc0 ls58 ws47\">Assets<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc68 h3b y379b ffa3 fs8 fc3 sc0 ls58 ws47\">Liabilities<span class=\"_ _2af\"> </span></td><td class=\"t m0 x764 h3b y379c ffa3 fs8 fc3 sc0 ls58 ws47\">the balance<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc69 h3b y379d ffa3 fs8 fc3 sc0 ls58 ws47\">ineffectiveness<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y379e ffa3 fs5 fc3 sc0 ls57 ws46\">Fair value hedges<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc6a h3b y379f ffa3 fs8 fc3 sc0 ls58 ws47\">Hedged risk<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc6b h3b y379f ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc6c h3b y379f ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc6d h3b y379f ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5e2 h3b y379f ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x764 h3b y379f ffa3 fs8 fc3 sc0 ls58 ws47\">sheet<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc6e h3b y37a0 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 xc6f h38 y37a1 ffa4 fs5 fc3 sc0 ls57 ws46\">Foreign </td><td></td><td></td><td></td><td></td><td class=\"t m0 x764 h38 y37a2 ffa4 fs5 fc3 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x295 h38 y37a3 ffa4 fs5 fc3 sc0 ls9 ws1\">Cross-currency interest </td><td class=\"t m0 xc6f h38 y37a4 ffa4 fs5 fc3 sc0 ls57 ws46\">exchange </td><td class=\"c n xc70 y37a5 w5d h64\"><div class=\"t m0 x27a h39 y34b5 ffa3 fs5 fc3 sc0 ls57 ws46\">63.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc71 y37a5 w5d h64\"><div class=\"t m0 x27a h39 y34b5 ffa3 fs5 fc3 sc0 ls57 ws46\">15.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc72 y37a5 w3d h64\"><div class=\"t m0 x27a h39 y34b5 ffa3 fs5 fc3 sc0 ls57 ws46\">14.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc73 y37a5 wa8 h64\"><div class=\"t m0 x27a h39 y34b5 ffa3 fs5 fc3 sc0 ls9 ws1\">(0.9)</div></td><td class=\"t m0 x764 h38 y37a6 ffa4 fs5 fc3 sc0 ls9 ws1\">assets/</td><td class=\"t m0 x50a h38 y37a6 ffa4 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _28\"> </span>(11.1) </td></tr><tr><td class=\"t m0 x295 h38 y37a7 ffa4 fs5 fc3 sc0 ls9 ws1\">rate swaps<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc6f h38 y37a8 ffa4 fs5 fc3 sc0 ls9 ws1\">risk/ Interest </td><td></td><td></td><td></td><td></td><td class=\"t m0 x764 h38 y37a9 ffa4 fs5 fc3 sc0 ls9 ws1\">Liabilities<span class=\"_ _2af\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 xc6f h38 y37aa ffa4 fs5 fc3 sc0 ls9 ws1\">rate risk<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table></div><div class=\"gs62a\"><table class=\"s w20c ha4\" id=\"_4941986d-caa1-447e-bf5e-9731b5a6eb81\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x666 h3b y37ab ffa3 fs8 fc3 sc0 ls58 ws47\">Change in fair value<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 xc74 h3b y37ac ffa3 fs8 fc3 sc0 ls58 ws47\">Carrying </td><td class=\"t m0 xc75 h3b y37ad ffa3 fs8 fc3 sc0 ls58 ws47\">Accumulated fair<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 x5da h3b y37ae ffa3 fs8 fc3 sc0 ls58 ws47\">used for measuring<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 xc76 h3b y37af ffa3 fs8 fc3 sc0 ls58 ws47\">amount<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc75 h3b y37b0 ffa3 fs8 fc3 sc0 ls58 ws47\">value adjustment<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5dd h3b y37b1 ffa3 fs8 fc3 sc0 ls58 ws47\">Line item in the<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc77 h3b y37b2 ffa3 fs8 fc3 sc0 ls58 ws47\">ineffectiveness<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 xc78 h3b y37b3 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5d8 h3b y37b4 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5dd h3b y37b4 ffa3 fs8 fc3 sc0 ls58 ws47\">balance sheet<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc6e h3b y37b5 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3455 w199 h5e\"><div class=\"t m0 x27a h38 y3453 ffa4 fs5 fc3 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc79 y3455 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ffa3 fs5 fc3 sc0 ls57 ws46\">262.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc7a y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffa3 fs5 fc3 sc0 ls57 ws46\">13.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc7b y3455 w20d h5e\"><div class=\"t m0 x27a h38 y3453 ffa4 fs5 fc3 sc0 ls9 ws1\">Financial Liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc7c y3455 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa4 fs5 fc3 sc0 ls57 ws46\">11.1<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffa4 fs5 fc1 sc0 ls57 ws46 gs62c\">Cash flow hedges<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa4 fs5 fc3 sc0 ls9 ws1 gs62d\">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 fc3 sc0 ls57 ws46 gs62e\">operations:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa4 fs5 fc3 sc0 ls9 ws1 gs62f\">\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 fc3 sc0 ls9 ws1 gs630\">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 fc3 sc0 ls9 ws1 gs631\">these commitments.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa4 fs5 fc3 sc0 ls9 ws1 gs632\">\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 fc3 sc0 ls9 ws1 gs633\">services in USD for the periods up to and including October 2028.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa4 fs5 fc3 sc0 ls9 ws1 gs634\">\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 fc3 sc0 ls9 ws1 gs635\">services provided by the operations in South Africa, incurred in ZAR, and Pola<span class=\"_ _1\"></span>nd incurred in PLN.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa4 fs5 fc3 sc0 ls9 ws1 gs636\">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 fc3 sc0 ls57 ws46 gs637\">exchange and interest rate exposure on the private placement loan notes.<span class=\"_ _2af\"> </span></div><div class=\"gs638\"><table class=\"s w20e ha5\" id=\"_92a1cc3c-1b29-4e0e-89be-e493d9d6b15c\"><tr><td></td><td></td><td></td><td class=\"t m0 xc7d h3b y37b6 ffa3 fs8 fc3 sc0 ls58 ws47\">Notional<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 x2fe h3b y37b6 ffa3 fs8 fc3 sc0 ls58 ws47\">Carrying<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 xc7e h3b y37b7 ffa3 fs8 fc3 sc0 ls58 ws47\">Change in fair<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 xc7f h3b y37b8 ffa3 fs8 fc3 sc0 ls58 ws47\">amount of the<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 x44a h3b y37b8 ffa3 fs8 fc3 sc0 ls58 ws47\">amount of the<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 xc80 h3b y37b9 ffa3 fs8 fc3 sc0 ls58 ws47\">value used for<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 xbbb h3b y37ba ffa3 fs8 fc3 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 xc81 h3b y37ba ffa3 fs8 fc3 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc82 h3b y37bb ffa3 fs8 fc3 sc0 ls58 ws47\">Line item in<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc83 h3b y37bc ffa3 fs8 fc3 sc0 ls58 ws47\">measuring<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xc84 h3b y37bd ffa3 fs8 fc3 sc0 ls58 ws47\">Assets<span class=\"_ _2af\"> </span></td><td class=\"t m0 x496 h3b y37bd ffa3 fs8 fc3 sc0 ls58 ws47\">Liabilities<span class=\"_ _2af\"> </span></td><td class=\"t m0 x44e h3b y37bd ffa3 fs8 fc3 sc0 ls58 ws47\">Assets<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7c4 h3b y37bd ffa3 fs8 fc3 sc0 ls58 ws47\">Liabilities<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc82 h3b y37be ffa3 fs8 fc3 sc0 ls58 ws47\">the balance<span class=\"_ _2af\"> </span></td><td class=\"t m0 x49a h3b y37bf ffa3 fs8 fc3 sc0 ls58 ws47\">ineffectiveness<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y37c0 ffa3 fs5 fc3 sc0 ls57 ws46\">Cash flow hedges<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc85 h3b y37c1 ffa3 fs8 fc3 sc0 ls58 ws47\">Hedged risk<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc86 h3b y37c1 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc87 h3b y37c1 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb8b h3b y37c1 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc08 h3b y37c1 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc82 h3b y37c2 ffa3 fs8 fc3 sc0 ls58 ws47\">sheet<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3b y37c3 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h38 y37c4 ffa4 fs5 fc3 sc0 ls57 ws46\">Foreign exchange forward </td><td class=\"t m0 xc88 h38 y37c5 ffa4 fs5 fc3 sc0 ls57 ws46\">Foreign </td><td></td><td></td><td></td><td></td><td class=\"t m0 xc82 h38 y37c6 ffa4 fs5 fc3 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x301 h38 y37c7 ffa4 fs5 fc3 sc0 ls9 ws1\">contracts<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc88 h38 y37c8 ffa4 fs5 fc3 sc0 ls57 ws46\">exchange </td><td></td><td></td><td></td><td></td><td class=\"t m0 xc82 h38 y37c9 ffa4 fs5 fc3 sc0 ls9 ws1\">assets/</td><td></td></tr><tr><td class=\"t m0 x301 h38 y37ca ffa4 fs5 fc3 sc0 ls9 ws1\"> - forecasted purchases<span class=\"_ _2af\"> </span></td><td class=\"c n xc89 y37cb w20f h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">risk<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8a y37cb w3f h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">50.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8b y37cb w3b h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">149.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8c y37cb w37 h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">1.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8d y37cb w3a h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls9 ws1\">(3.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8e y37cb w210 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8f y37cb w43 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">(7.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y37cc ffa4 fs5 fc3 sc0 ls9 ws1\">Interest rate swaps<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xc82 h38 y37cc ffa4 fs5 fc3 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x301 h38 y37cd ffa4 fs5 fc3 sc0 ls9 ws1\"> - private placement loan </td><td class=\"t m0 xc88 h38 y37ce ffa4 fs5 fc3 sc0 ls9 ws1\">Interest </td><td></td><td></td><td></td><td></td><td class=\"t m0 xc82 h38 y37cd ffa4 fs5 fc3 sc0 ls9 ws1\">assets/<span class=\"_ _2af\"> </span></td><td></td></tr><tr><td class=\"t m0 x301 h38 y37cf ffa4 fs5 fc3 sc0 ls57 ws46\">notes<span class=\"_ _2af\"> </span></td><td class=\"c n xc89 y37d0 w211 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">rate risk<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc90 y37d0 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">32.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc91 y37d0 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">46.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc92 y37d0 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc93 y37d0 w3a h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8e y37d0 w210 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8f y37d0 w43 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y37d1 ffa4 fs5 fc3 sc0 ls9 ws1\">Cross currency swaps<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc88 h38 y37d2 ffa4 fs5 fc3 sc0 ls57 ws46\">Foreign </td><td></td><td></td><td></td><td></td><td class=\"t m0 xc82 h38 y37d2 ffa4 fs5 fc3 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x301 h38 y37d3 ffa4 fs5 fc3 sc0 ls9 ws1\"> - private placement loan </td><td class=\"t m0 xc88 h38 y37d4 ffa4 fs5 fc3 sc0 ls57 ws46\">exchange </td><td></td><td></td><td></td><td></td><td class=\"t m0 xc82 h38 y37d4 ffa4 fs5 fc3 sc0 ls9 ws1\">assets/<span class=\"_ _2af\"> </span></td><td></td></tr><tr><td class=\"t m0 x301 h38 y37d5 ffa4 fs5 fc3 sc0 ls57 ws46\">notes<span class=\"_ _2af\"> </span></td><td class=\"c n xc89 y37d6 w20f h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">risk<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc94 y37d6 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc95 y37d6 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">51.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc96 y37d6 w8c h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc93 y37d6 w3a h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls9 ws1\">(1.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8e y37d6 w210 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8f y37d6 w43 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">(1.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xc97 y3455 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">82.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc98 y3455 w2d h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">248.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc99 y3455 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">1.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc9a y3455 w43 h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls9 ws1\">(5.4)<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xc9b y3455 w43 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">(9.1)<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffa4 fs5 fc3 sc0 ls9 ws1 gs639\">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=\"_ _2af\"> </span></span></span></div><div class=\"t m0 h38 ffa6 fs5 fc3 sc0 ls9 ws1 gs63b\">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 fc3 sc0 ls9 ws1 gs63c\">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 fc3 sc0 ls9 ws1 gs63d\">table provides an analysis of components of equity resulting from cash flo<span class=\"_ _1\"></span>w hedge accounting:<span class=\"_ _2af\"> </span></div><div class=\"gs63e\"><table class=\"s w212 ha6\" id=\"_06499f53-5b16-4179-8a05-e2ecbcb7383d\"><tr><td></td><td class=\"t m0 x3c8 h3b y37d7 ffa5 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y37d7 ffa6 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2c5 h3b y37d8 ffa5 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y37d9 ffa6 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h38 y37da ffa6 fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></td><td class=\"c n xc9c y37db w62 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">4.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc9d y37db wa8 h5c\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c x27b y37dc w213 h66\"><div class=\"t m0 x27a h38 y34cd ffa6 fs5 fc3 sc0 ls9 ws1\">Change in fair value recognised in the consolidated statement of o<span class=\"_ _1\"></span>ther<span class=\"_ _2af\"> </span></div><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">comprehensive income<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a2 y374a w43 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">(8.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc9e y374a w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">11.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y37dd ffa6 fs5 fc3 sc0 ls9 ws1\">Reclassified to the consolidated income statement:<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 xc9f h38 y37de ffa6 fs5 fc3 sc0 ls9 ws1\">recognised in administrative expenses</td><td class=\"t m0 x662 h39 y37df ffa5 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(2.0) </td><td class=\"t m0 x442 h38 y37de ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(5.1) </td></tr><tr><td class=\"t m0 x295 h38 y37e0 ffa6 fs5 fc3 sc0 ls57 ws46\">Change in tax</td><td class=\"t m0 x662 h39 y37e1 ffa5 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _19f\"> </span>2.6 </td><td class=\"t m0 x442 h38 y37e0 ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(1.6) </td></tr><tr><td class=\"t m0 x295 h38 y37e2 ffa6 fs5 fc3 sc0 ls9 ws1\">At 31 December</td><td class=\"t m0 x662 h39 y37e3 ffa5 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(3.8) </td><td class=\"t m0 xc6e h38 y37e2 ffa6 fs5 fc3 sc0 ls57 ws46\">4.1<span class=\"_ _2af\"> </span></td></tr></table></div><div class=\"t m0 h39 ffa5 fs5 fc1 sc0 ls9 ws1 gs63f\">4.2.5 Credit risk<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa6 fs5 fc3 sc0 ls9 ws1 gs640\">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 fc3 sc0 ls57 ws46 gs641\">exposure.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa6 fs5 fc3 sc0 ls9 ws1 gs642\">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 fc3 sc0 ls9 ws1 gs643\">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 fc3 sc0 ls9 ws1 gs644\">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 fc3 sc0 ls9 ws1 gs645\">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 fc3 sc0 ls9 ws1 gs646\">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 fc3 sc0 ls57 ws46 gs647\">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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>The RCF was not drawn upon at 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> (</span>2022: undrawn).<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w1fd h9d\" id=\"_8c74c0ba-be57-4b9f-acd4-23b27946a6ea\"><tr><td></td><td class=\"t m0 x48c h3b y3762 ff9f fs8 fc3 sc0 ls58 ws47\">Within </td><td class=\"t m0 xbb4 h3b y3762 ff9f fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 xbb5 h3b y3762 ff9f fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 x44e h3b y3762 ff9f fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 x7bd h3b y3762 ff9f fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 x6e8 h3b y3762 ff9f fs8 fc3 sc0 ls58 ws47\">More than </td><td></td></tr><tr><td></td><td class=\"t m0 xbb6 h3b y3763 ff9f fs8 fc3 sc0 ls58 ws47\">1 year </td><td class=\"t m0 xbb7 h3b y3763 ff9f fs8 fc3 sc0 ls58 ws47\">1\u20132 years </td><td class=\"t m0 xbb8 h3b y3763 ff9f fs8 fc3 sc0 ls58 ws47\">2\u20133 years </td><td class=\"t m0 xbb9 h3b y3763 ff9f fs8 fc3 sc0 ls58 ws47\">3\u20134 years </td><td class=\"t m0 xbba h3b y3763 ff9f fs8 fc3 sc0 ls58 ws47\">4\u20135 years </td><td class=\"t m0 x2ff h3b y3763 ff9f fs8 fc3 sc0 ls58 ws47\">5 years </td><td class=\"t m0 x44c h3b y3763 ff9f fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x301 h3b y3764 ff9f fs8 fc3 sc0 ls58 ws47\">At 31<span class=\"_ gs23c\"> </span>December 2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x494 h3b y3764 ff9f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xbbb h3b y3764 ff9f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x449 h3b y3764 ff9f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xbbc h3b y3764 ff9f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xbbd h3b y3764 ff9f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xbbe h3b y3764 ff9f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3b y3764 ff9f fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3765 w1fe h5c\"><div class=\"t m0 x27a h38 y343e ffa0 fs5 fc3 sc0 ls9 ws1\">Overdraft*<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbbf y3765 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">95.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbc0 y3765 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbc1 y3765 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbc2 y3765 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbc3 y3765 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbc4 y3765 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbc5 y3765 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">95.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y3766 ffa0 fs5 fc3 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 x27b y3767 w1ff h5c\"><div class=\"t m0 x27a h38 y343e ffa0 fs5 fc3 sc0 ls57 ws46\">notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbc6 y3767 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbc7 y3767 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">88.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbc8 y3767 w6b h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">119.<span class=\"_ _2b\"></span>1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbc9 y3767 w3f h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">45.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbca y3767 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">18.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbcb y3767 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb0a y3767 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">270.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3768 w200 h5d\"><div class=\"t m0 x27a h38 y343e ffa0 fs5 fc3 sc0 ls57 ws46\">Interest on loan notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbcc y3768 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">15.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbcd y3768 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">13.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbce y3768 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">11.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbcf y3768 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd0 y3768 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">1.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd1 y3768 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd2 y3768 w3f h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">43.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3769 w7b h5d\"><div class=\"t m0 x27a h38 y343e ffa0 fs5 fc3 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd3 y3769 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">71.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd4 y3769 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">55.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd5 y3769 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">42.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd6 y3769 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">35.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd7 y3769 w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">30.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd8 y3769 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">276.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd9 y3769 w3b h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">512.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y376a w201 h5d\"><div class=\"t m0 x27a h38 y343e ffa0 fs5 fc3 sc0 ls9 ws1\">Deferred consideration<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbda y376a w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbdb y376a w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbdc y376a w37 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbdd y376a w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb3d y376a w8c h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb3e y376a w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbde y376a w26 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c x27b y376b w61 h67\"><div class=\"t m0 x27a h38 y34cf ffa0 fs5 fc3 sc0 ls57 ws46\">Put options of non-<span class=\"_ _2af\"> </span></div><div class=\"t m0 x27a h38 y343e ffa0 fs5 fc3 sc0 ls9 ws1\">controlling interests<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbdf y376b w26 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">8.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe0 y376b w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe1 y376b w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe2 y376b w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe3 y376b w8c h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe4 y376b w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe5 y376b w26 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">8.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y376c ffa0 fs5 fc3 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 x27b y376d w15a h5d\"><div class=\"t m0 x27a h38 y343e ffa0 fs5 fc3 sc0 ls9 ws1\">interest rate swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe6 y376d w26 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">1.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe7 y376d w37 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">1.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x860 y376d w37 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">1.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe8 y376d w8c h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe9 y376d w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbea y376d w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98a y376d w37 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">3.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y376e ffa0 fs5 fc3 sc0 ls57 ws46\">Cash flow hedges<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y376f w202 h5d\"><div class=\"t m0 x27a h38 y343e ffa0 fs5 fc3 sc0 ls9 ws1\">currency swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbeb y376f w26 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">5.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbec y376f w26 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">5.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbed y376f w37 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">5.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbee y376f w37 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbef y376f w26 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf0 y376f w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x70a y376f w3d h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">18.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y3770 ffa0 fs5 fc3 sc0 ls57 ws46\">Cash flow hedges<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y3771 w203 h5d\"><div class=\"t m0 x27a h38 y343e ffa0 fs5 fc3 sc0 ls9 ws1\">Interest rate swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf1 y3771 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf2 y3771 w26 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf3 y3771 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf4 y3771 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf5 y3771 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbcb y3771 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf6 y3771 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">3.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y3772 ffa0 fs5 fc3 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 x27b y3773 w168 h5d\"><div class=\"t m0 x27a h38 y343e ffa0 fs5 fc3 sc0 ls9 ws1\">instruments<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf7 y3773 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf8 y3773 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf9 y3773 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbfa y3773 w8c h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbfb y3773 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbfc y3773 w36 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbfd y3773 w37 h5b\"><div class=\"t m0 x27a h38 y343e ff9f fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xbfe y3455 w3b h64\"><div class=\"t m0 x27a h39 y34b5 ff9f fs5 fc3 sc0 ls57 ws46\">197.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbff y3455 w2d h64\"><div class=\"t m0 x27a h39 y34b5 ff9f fs5 fc3 sc0 ls57 ws46\">164.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc00 y3455 w3b h64\"><div class=\"t m0 x27a h39 y34b5 ff9f fs5 fc3 sc0 ls57 ws46\">180.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc01 y3455 w3d h64\"><div class=\"t m0 x27a h39 y34b5 ff9f fs5 fc3 sc0 ls57 ws46\">85.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc02 y3455 w3d h64\"><div class=\"t m0 x27a h39 y34b5 ff9f fs5 fc3 sc0 ls57 ws46\">52.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc03 y3455 w3b h64\"><div class=\"t m0 x27a h39 y34b5 ff9f fs5 fc3 sc0 ls57 ws46\">276.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc04 y3455 w3b h64\"><div class=\"t m0 x27a h39 y34b5 ff9f fs5 fc3 sc0 ls57 ws46\">956.0<span class=\"_ _2af\"> </span></div></td></tr></table>*<span class=\"_ _16\"> </span><span class=\"ls58 ws47\">The Group has a notional cash pool under which the bank may net cash balances wi<span class=\"_ _2b\"></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=\"_ _2af\"> </span><table class=\"s wdc h9e\" id=\"_f24360d9-9333-463b-bbb7-bb2b802577c8\"><tr><td></td><td class=\"t m0 xc05 h3a y3774 ffa0 fs8 fc3 sc0 ls58 ws47\">Within </td><td class=\"t m0 xc06 h3a y3774 ffa0 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 x496 h3a y3774 ffa0 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 xc07 h3a y3774 ffa0 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 xc08 h3a y3774 ffa0 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 xb4f h3a y3774 ffa0 fs8 fc3 sc0 ls58 ws47\">More than </td><td></td></tr><tr><td></td><td class=\"t m0 xc05 h3a y3775 ffa0 fs8 fc3 sc0 ls58 ws47\">1 year </td><td class=\"t m0 x6e4 h3a y3775 ffa0 fs8 fc3 sc0 ls58 ws47\">1\u20132 years </td><td class=\"t m0 xc09 h3a y3775 ffa0 fs8 fc3 sc0 ls58 ws47\">2\u20133 years </td><td class=\"t m0 xc0a h3a y3775 ffa0 fs8 fc3 sc0 ls58 ws47\">3\u20134 years </td><td class=\"t m0 xc0b h3a y3775 ffa0 fs8 fc3 sc0 ls58 ws47\">4\u20135 years </td><td class=\"t m0 x2ff h3a y3775 ffa0 fs8 fc3 sc0 ls58 ws47\">5 years </td><td class=\"t m0 x2fd h3a y3775 ffa0 fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x301 h3a y3776 ffa0 fs8 fc3 sc0 ls58 ws47\">At 31<span class=\"_ gs23c\"> </span>December 2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc0c h3a y3776 ffa0 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc0d h3a y3776 ffa0 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x449 h3a y3776 ffa0 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb06 h3a y3776 ffa0 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xbbd h3a y3776 ffa0 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x493 h3a y3776 ffa0 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y3776 ffa0 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3777 w1fe h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">Overdraft*<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc0e y3777 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">219.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc0f y3777 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc10 y3777 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc11 y3777 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc12 y3777 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x70e y3777 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc13 y3777 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">219.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y3778 ffa0 fs5 fc3 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 x27b y3779 w1ff h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc14 y3779 w3f h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">75.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc15 y3779 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc16 y3779 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">91.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc17 y3779 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">34.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc18 y3779 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">94.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf0 y3779 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc19 y3779 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">295.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y377a w200 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">Interest on loan notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc1a y377a w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">9.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc1b y377a w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">7.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc1c y377a w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">6.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc1d y377a w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">4.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc1e y377a w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">2.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6f7 y377a w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x61b y377a w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">30.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y377b w7b h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd3 y377b w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">76.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd4 y377b w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">64.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd5 y377b w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">49.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd6 y377b w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">39.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd7 y377b w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">33.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd8 y377b w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">296.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd9 y377b w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">560.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y377c w201 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">Deferred consideration<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbda y377c w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbdb y377c w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc1f y377c w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc20 y377c w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc21 y377c w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb3e y377c w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbde y377c w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c x27b y377e w61 h9f\"><div class=\"t m0 x27a h38 y377d ffa0 fs5 fc3 sc0 ls57 ws46\">Put options of non-<span class=\"_ _2af\"> </span></div><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">controlling interests<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbdf y377e w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe0 y377e w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe1 y377e w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe2 y377e w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe3 y377e w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe4 y377e w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe5 y377e w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y377f ffa0 fs5 fc3 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 x27b y3688 w15a h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">interest rate swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe6 y3688 w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe7 y3688 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x860 y3688 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc22 y3688 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc23 y3688 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc24 y3688 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc25 y3688 w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">3.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y3780 ffa0 fs5 fc3 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 x27b y35b2 w168 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">instruments<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf7 y35b2 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf8 y35b2 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbf9 y35b2 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbfa y35b2 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbfb y35b2 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbfc y35b2 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbfd y35b2 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xbfe y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">391.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc26 y3455 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">73.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc27 y3455 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">147.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc28 y3455 w3f h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">79.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc29 y3455 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">130.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc03 y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">296.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc2a y3455 w27 h5e\"><div class=\"t m0 x27a h38 y3453 ffa0 fs5 fc3 sc0 ls57 ws46\">1,119.3<span class=\"_ _2af\"> </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 fc1 sc0 ls57 ws46 gs5fe\">4.2.2 Foreign currency risk<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa2 fs5 fc3 sc0 ls9 ws1 gs5ff\">The Group is not generally exposed to significant foreign currency tra<span class=\"_ _1\"></span>nsaction risk with two exceptions.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa2 fs5 fc3 sc0 ls9 ws1 gs600\">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 fc3 sc0 ls9 ws1 gs601\">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 fc3 sc0 ls9 ws1 gs602\">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 fc3 sc0 ls9 ws1 gs603\">sterling (GBP) cost of highly probable transactions.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa2 fs5 fc3 sc0 ls9 ws1 gs604\">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 fc3 sc0 ls9 ws1 gs605\">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 fc3 sc0 ls9 ws1 gs606\">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 fc3 sc0 ls9 ws1 gs607\">cash flows associated with the delivery of services under executed customer con<span class=\"_ _1\"></span>tracts.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa2 fs5 fc3 sc0 ls9 ws1 gs608\">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 fc3 sc0 ls9 ws1 gs609\">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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa2 fs5 fc3 sc0 ls9 ws1 gs60a\">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 fc3 sc0 ls9 ws1 gs60b\">the underlying cash flows.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa2 fs5 fc3 sc0 ls9 ws1 gs60c\">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 fc3 sc0 ls57 ws46 gs60d\">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 fc3 sc0 ls9 ws1 gs60e\">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 fc3 sc0 ls9 ws1 gs60f\">contracts.<span class=\"_ _2af\"> </span></div><div class=\"gs610\"><table class=\"s w5b ha0\" id=\"_60b4524d-f35e-4eb6-b377-0941b612b202\"><tr><td></td><td class=\"c n xc2b y3781 wdd h6f\"><div class=\"t m0 x27a h3b y3608 ffa1 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xc2c y3781 wdd h6f\"><div class=\"t m0 x27a h3b y3608 ffa1 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x509 h3a y3782 ffa2 fs8 fc3 sc0 ls58 ws47\">Effect on profit </td><td class=\"t m0 x665 h3a y3782 ffa2 fs8 fc3 sc0 ls58 ws47\">Effect on </td><td class=\"t m0 x5d9 h3a y3782 ffa2 fs8 fc3 sc0 ls58 ws47\">Effect on profit </td><td class=\"t m0 x75e h3a y3782 ffa2 fs8 fc3 sc0 ls58 ws47\">Effect on </td></tr><tr><td></td><td class=\"t m0 xac4 h3a y3783 ffa2 fs8 fc3 sc0 ls58 ws47\">before tax </td><td class=\"t m0 x663 h3a y3783 ffa2 fs8 fc3 sc0 ls58 ws47\">equity </td><td class=\"t m0 xc2d h3a y3783 ffa2 fs8 fc3 sc0 ls58 ws47\">before tax </td><td class=\"t m0 xac7 h3a y3783 ffa2 fs8 fc3 sc0 ls58 ws47\">equity </td></tr><tr><td></td><td class=\"t m0 x889 h3a y3784 ffa2 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x662 h3a y3784 ffa2 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x508 h3a y3784 ffa2 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3784 ffa2 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3510 w204 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls9 ws1\">USD<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc2e y3510 w62 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls57 ws46\">0.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc2f y3510 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls57 ws46\">4.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc30 y3510 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc31 y3510 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3512 w205 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">INR<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc32 y3512 w72 h64\"><div class=\"t m0 x27a h38 y3453 ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc33 y3512 w62 h64\"><div class=\"t m0 x27a h38 y3453 ffa1 fs5 fc3 sc0 ls57 ws46\">3.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc34 y3512 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb29 y3512 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">0.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3513 w206 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">ZAR<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc35 y3513 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffa1 fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc36 y3513 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffa1 fs5 fc3 sc0 ls57 ws46\">3.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc37 y3513 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">1.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc38 y3513 w72 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w207 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">PLN<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc39 y3455 w72 h5f\"><div class=\"t m0 x27a h38 y3453 ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc3a y3455 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ffa1 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc3b y3455 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc3c y3455 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h39 ffa1 fs5 fc1 sc0 ls9 ws1 gs612\">4.2.3 Interest rate risk<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa2 fs5 fc3 sc0 ls9 ws1 gs613\">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 fc3 sc0 ls9 ws1 gs614\">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 fc3 sc0 ls9 ws1 gs615\">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 fc3 sc0 ls9 ws1 gs616\">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 fc3 sc0 ls9 ws1 gs617\">flows.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa2 fs5 fc3 sc0 ls9 ws1 gs618\">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 fc3 sc0 ls9 ws1 gs619\">risk profile. The interest rate profile of the Group\u2019s interest-bearing finan<span class=\"_ _1\"></span>cial instruments was as follows:<span class=\"_ _2af\"> </span></div><div class=\"gs61a\"><table class=\"s w208 ha1\" id=\"_31a545a9-0482-4979-9bae-a619f3dc2298\"><tr><td class=\"t m0 x301 h3b y3785 ffa1 fs8 fc3 sc0 ls58 ws47\">Nominal amounts<span class=\"_ _2af\"> </span></td><td class=\"t m0 x48c h3b y3785 ffa1 fs8 fc3 sc0 ls58 ws47\">Within </td><td class=\"t m0 xbb4 h3b y3785 ffa1 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 xbb5 h3b y3785 ffa1 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 x44e h3b y3785 ffa1 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 x7bd h3b y3785 ffa1 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 x6e8 h3b y3785 ffa1 fs8 fc3 sc0 ls58 ws47\">More than </td><td></td></tr><tr><td></td><td class=\"t m0 xbb6 h3b y3786 ffa1 fs8 fc3 sc0 ls58 ws47\">1 year </td><td class=\"t m0 xbb7 h3b y3786 ffa1 fs8 fc3 sc0 ls58 ws47\">1\u20132 years </td><td class=\"t m0 xbb8 h3b y3786 ffa1 fs8 fc3 sc0 ls58 ws47\">2\u20133 years </td><td class=\"t m0 xbb9 h3b y3786 ffa1 fs8 fc3 sc0 ls58 ws47\">3\u20134 years </td><td class=\"t m0 xbba h3b y3786 ffa1 fs8 fc3 sc0 ls58 ws47\">4\u20135 years </td><td class=\"t m0 x2ff h3b y3786 ffa1 fs8 fc3 sc0 ls58 ws47\">5 years </td><td class=\"t m0 x44c h3b y3786 ffa1 fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x301 h3b y3787 ffa1 fs8 fc3 sc0 ls58 ws47\">At 31<span class=\"_ gs23c\"> </span>December 2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x494 h3b y3787 ffa1 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xbbb h3b y3787 ffa1 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x449 h3b y3787 ffa1 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xbbc h3b y3787 ffa1 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xbbd h3b y3787 ffa1 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xbbe h3b y3787 ffa1 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3b y3787 ffa1 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y3788 ffa1 fs5 fc3 sc0 ls57 ws46\">Fixed rate<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x4f6 h38 y3789 ffa2 fs5 fc3 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 x4f7 y35ee w147 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">loan notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc3d y35ee w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc3e y35ee w3f h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls57 ws46\">75.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc3f y35ee w6b h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls57 ws46\">119.<span class=\"_ _2b\"></span>4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc40 y35ee w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls57 ws46\">40.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc41 y35ee w3f h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls57 ws46\">18.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc42 y35ee w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc43 y35ee w2d h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls57 ws46\">254.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y378a ffa1 fs5 fc3 sc0 ls57 ws46\">Floating rate<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x4f7 y3454 w209 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">Cash in hand<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc44 y3454 w30 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls57 ws46\">(162.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc45 y3454 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc46 y3454 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc47 y3454 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc48 y3454 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc49 y3454 w8c h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc4a y3454 w31 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls57 ws46\">(162.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y3455 w20a h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls9 ws1\">Overdraft<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc4b y3455 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls57 ws46\">95.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc4c y3455 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc4d y3455 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc4e y3455 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc4f y3455 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc50 y3455 w8c h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc51 y3455 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa1 fs5 fc3 sc0 ls57 ws46\">95.0<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"gs61b\"><table class=\"s w208 ha2\" id=\"_c53af681-77e5-4b3e-addd-bd750e6d5e92\"><tr><td class=\"t m0 x301 h3a y378b ffa2 fs8 fc3 sc0 ls58 ws47\">Nominal amounts<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc05 h3a y378b ffa2 fs8 fc3 sc0 ls58 ws47\">Within </td><td class=\"t m0 xc06 h3a y378b ffa2 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 x496 h3a y378b ffa2 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 xc07 h3a y378b ffa2 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 xc08 h3a y378b ffa2 fs8 fc3 sc0 ls58 ws47\">Between </td><td class=\"t m0 xb4f h3a y378b ffa2 fs8 fc3 sc0 ls58 ws47\">More than </td><td></td></tr><tr><td></td><td class=\"t m0 xc05 h3a y378c ffa2 fs8 fc3 sc0 ls58 ws47\">1 year </td><td class=\"t m0 x6e4 h3a y378c ffa2 fs8 fc3 sc0 ls58 ws47\">1\u20132 years </td><td class=\"t m0 xc09 h3a y378c ffa2 fs8 fc3 sc0 ls58 ws47\">2\u20133 years </td><td class=\"t m0 xc0a h3a y378c ffa2 fs8 fc3 sc0 ls58 ws47\">3\u20134 years </td><td class=\"t m0 xc0b h3a y378c ffa2 fs8 fc3 sc0 ls58 ws47\">4\u20135 years </td><td class=\"t m0 x2ff h3a y378c ffa2 fs8 fc3 sc0 ls58 ws47\">5 years </td><td class=\"t m0 x2fd h3a y378c ffa2 fs8 fc3 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x301 h3a y378d ffa2 fs8 fc3 sc0 ls58 ws47\">At 31<span class=\"_ gs23c\"> </span>December 2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc0c h3a y378d ffa2 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc0d h3a y378d ffa2 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x449 h3a y378d ffa2 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb06 h3a y378d ffa2 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xbbd h3a y378d ffa2 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x493 h3a y378d ffa2 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y378d ffa2 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y378e ffa1 fs5 fc3 sc0 ls57 ws46\">Fixed rate<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x4f6 h38 y378f ffa2 fs5 fc3 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 x4f7 y352b w147 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">loan notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc52 y352b w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">27.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc53 y352b w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc54 y352b w3f h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">29.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc55 y352b w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">18.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc56 y352b w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">71.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc57 y352b w8c h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc58 y352b w3b h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">147.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y3790 ffa1 fs5 fc3 sc0 ls57 ws46\">Floating rate<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x4f7 y3791 w209 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">Cash in hand<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc44 y3791 w30 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">(396.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc45 y3791 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc46 y3791 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc47 y3791 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc48 y3791 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc49 y3791 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc4a y3791 w31 h5d\"><div class=\"t m0 x27a h38 y343e ffa2 fs5 fc3 sc0 ls57 ws46\">(396.8)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y3792 w20a h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">Overdraft<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc59 y3792 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">219.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc5a y3792 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc5b y3792 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc5c y3792 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc5d y3792 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc5e y3792 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc5f y3792 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">219.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x4f6 h38 y3793 ffa2 fs5 fc3 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 x4f7 y3455 w147 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">loan notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc52 y3455 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">38.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc53 y3455 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc54 y3455 w3f h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">46.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc55 y3455 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">15.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc56 y3455 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">17.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc57 y3455 w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc58 y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffa2 fs5 fc3 sc0 ls57 ws46\">117.6<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffa2 fs5 fc3 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 fc3 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 fc3 sc0 ls9 ws1 gs218\">before tax, and no impact on the Group\u2019s equity.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Fair value hedges<span class=\"_ _2af\"> </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=\"_ _2b\"></span>ponding swaps have the same critical terms including nominal values and maturity dates.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>The impact of the hedged item and the related financial derivatives on the consolidat<span class=\"_ _2b\"></span>ed balance sheet at 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> is as follows:<span class=\"_ _2af\"> </span></span><table class=\"s w20b ha3\" id=\"_31687d4a-eeea-4139-9d89-7e12470c6fde\"><tr><td></td><td></td><td class=\"t m0 xc60 h3b y3794 ffa3 fs8 fc3 sc0 ls58 ws47\">Notional<span class=\"_ _2af\"> </span></td><td></td><td></td><td class=\"t m0 x6c4 h3b y3794 ffa3 fs8 fc3 sc0 ls58 ws47\">Carrying<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 xc61 h3b y3795 ffa3 fs8 fc3 sc0 ls58 ws47\">Change in fair<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xac3 h3b y3796 ffa3 fs8 fc3 sc0 ls58 ws47\">amount of the<span class=\"_ _2af\"> </span></td><td></td><td></td><td class=\"t m0 xac5 h3b y3796 ffa3 fs8 fc3 sc0 ls58 ws47\">amount of the<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 xc61 h3b y3797 ffa3 fs8 fc3 sc0 ls58 ws47\">value used for<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xc62 h3b y3798 ffa3 fs8 fc3 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2af\"> </span></td><td></td><td></td><td class=\"t m0 xc63 h3b y3798 ffa3 fs8 fc3 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2af\"> </span></td><td class=\"t m0 x764 h3b y3799 ffa3 fs8 fc3 sc0 ls58 ws47\">Line item in<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc64 h3b y379a ffa3 fs8 fc3 sc0 ls58 ws47\">measuring<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xc65 h3b y379b ffa3 fs8 fc3 sc0 ls58 ws47\">Assets<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc66 h3b y379b ffa3 fs8 fc3 sc0 ls58 ws47\">Liabilities<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc67 h3b y379b ffa3 fs8 fc3 sc0 ls58 ws47\">Assets<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc68 h3b y379b ffa3 fs8 fc3 sc0 ls58 ws47\">Liabilities<span class=\"_ _2af\"> </span></td><td class=\"t m0 x764 h3b y379c ffa3 fs8 fc3 sc0 ls58 ws47\">the balance<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc69 h3b y379d ffa3 fs8 fc3 sc0 ls58 ws47\">ineffectiveness<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y379e ffa3 fs5 fc3 sc0 ls57 ws46\">Fair value hedges<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc6a h3b y379f ffa3 fs8 fc3 sc0 ls58 ws47\">Hedged risk<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc6b h3b y379f ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc6c h3b y379f ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc6d h3b y379f ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5e2 h3b y379f ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x764 h3b y379f ffa3 fs8 fc3 sc0 ls58 ws47\">sheet<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc6e h3b y37a0 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 xc6f h38 y37a1 ffa4 fs5 fc3 sc0 ls57 ws46\">Foreign </td><td></td><td></td><td></td><td></td><td class=\"t m0 x764 h38 y37a2 ffa4 fs5 fc3 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x295 h38 y37a3 ffa4 fs5 fc3 sc0 ls9 ws1\">Cross-currency interest </td><td class=\"t m0 xc6f h38 y37a4 ffa4 fs5 fc3 sc0 ls57 ws46\">exchange </td><td class=\"c n xc70 y37a5 w5d h64\"><div class=\"t m0 x27a h39 y34b5 ffa3 fs5 fc3 sc0 ls57 ws46\">63.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc71 y37a5 w5d h64\"><div class=\"t m0 x27a h39 y34b5 ffa3 fs5 fc3 sc0 ls57 ws46\">15.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc72 y37a5 w3d h64\"><div class=\"t m0 x27a h39 y34b5 ffa3 fs5 fc3 sc0 ls57 ws46\">14.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc73 y37a5 wa8 h64\"><div class=\"t m0 x27a h39 y34b5 ffa3 fs5 fc3 sc0 ls9 ws1\">(0.9)</div></td><td class=\"t m0 x764 h38 y37a6 ffa4 fs5 fc3 sc0 ls9 ws1\">assets/</td><td class=\"t m0 x50a h38 y37a6 ffa4 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _28\"> </span>(11.1) </td></tr><tr><td class=\"t m0 x295 h38 y37a7 ffa4 fs5 fc3 sc0 ls9 ws1\">rate swaps<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc6f h38 y37a8 ffa4 fs5 fc3 sc0 ls9 ws1\">risk/ Interest </td><td></td><td></td><td></td><td></td><td class=\"t m0 x764 h38 y37a9 ffa4 fs5 fc3 sc0 ls9 ws1\">Liabilities<span class=\"_ _2af\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 xc6f h38 y37aa ffa4 fs5 fc3 sc0 ls9 ws1\">rate risk<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table><table class=\"s w20c ha4\" id=\"_4941986d-caa1-447e-bf5e-9731b5a6eb81\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x666 h3b y37ab ffa3 fs8 fc3 sc0 ls58 ws47\">Change in fair value<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 xc74 h3b y37ac ffa3 fs8 fc3 sc0 ls58 ws47\">Carrying </td><td class=\"t m0 xc75 h3b y37ad ffa3 fs8 fc3 sc0 ls58 ws47\">Accumulated fair<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 x5da h3b y37ae ffa3 fs8 fc3 sc0 ls58 ws47\">used for measuring<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 xc76 h3b y37af ffa3 fs8 fc3 sc0 ls58 ws47\">amount<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc75 h3b y37b0 ffa3 fs8 fc3 sc0 ls58 ws47\">value adjustment<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5dd h3b y37b1 ffa3 fs8 fc3 sc0 ls58 ws47\">Line item in the<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc77 h3b y37b2 ffa3 fs8 fc3 sc0 ls58 ws47\">ineffectiveness<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 xc78 h3b y37b3 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5d8 h3b y37b4 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5dd h3b y37b4 ffa3 fs8 fc3 sc0 ls58 ws47\">balance sheet<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc6e h3b y37b5 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3455 w199 h5e\"><div class=\"t m0 x27a h38 y3453 ffa4 fs5 fc3 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc79 y3455 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ffa3 fs5 fc3 sc0 ls57 ws46\">262.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc7a y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffa3 fs5 fc3 sc0 ls57 ws46\">13.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc7b y3455 w20d h5e\"><div class=\"t m0 x27a h38 y3453 ffa4 fs5 fc3 sc0 ls9 ws1\">Financial Liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc7c y3455 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa4 fs5 fc3 sc0 ls57 ws46\">11.1<span class=\"_ _2af\"> </span></div></td></tr></table>Cash flow hedges<span class=\"_ _2af\"> </span>The Group holds the following foreign exchange contracts to man<span class=\"_ _1\"></span>age various exposures across its business operations:<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w20e ha5\" id=\"_92a1cc3c-1b29-4e0e-89be-e493d9d6b15c\"><tr><td></td><td></td><td></td><td class=\"t m0 xc7d h3b y37b6 ffa3 fs8 fc3 sc0 ls58 ws47\">Notional<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 x2fe h3b y37b6 ffa3 fs8 fc3 sc0 ls58 ws47\">Carrying<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 xc7e h3b y37b7 ffa3 fs8 fc3 sc0 ls58 ws47\">Change in fair<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 xc7f h3b y37b8 ffa3 fs8 fc3 sc0 ls58 ws47\">amount of the<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 x44a h3b y37b8 ffa3 fs8 fc3 sc0 ls58 ws47\">amount of the<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 xc80 h3b y37b9 ffa3 fs8 fc3 sc0 ls58 ws47\">value used for<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 xbbb h3b y37ba ffa3 fs8 fc3 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 xc81 h3b y37ba ffa3 fs8 fc3 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc82 h3b y37bb ffa3 fs8 fc3 sc0 ls58 ws47\">Line item in<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc83 h3b y37bc ffa3 fs8 fc3 sc0 ls58 ws47\">measuring<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xc84 h3b y37bd ffa3 fs8 fc3 sc0 ls58 ws47\">Assets<span class=\"_ _2af\"> </span></td><td class=\"t m0 x496 h3b y37bd ffa3 fs8 fc3 sc0 ls58 ws47\">Liabilities<span class=\"_ _2af\"> </span></td><td class=\"t m0 x44e h3b y37bd ffa3 fs8 fc3 sc0 ls58 ws47\">Assets<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7c4 h3b y37bd ffa3 fs8 fc3 sc0 ls58 ws47\">Liabilities<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc82 h3b y37be ffa3 fs8 fc3 sc0 ls58 ws47\">the balance<span class=\"_ _2af\"> </span></td><td class=\"t m0 x49a h3b y37bf ffa3 fs8 fc3 sc0 ls58 ws47\">ineffectiveness<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y37c0 ffa3 fs5 fc3 sc0 ls57 ws46\">Cash flow hedges<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc85 h3b y37c1 ffa3 fs8 fc3 sc0 ls58 ws47\">Hedged risk<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc86 h3b y37c1 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc87 h3b y37c1 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb8b h3b y37c1 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc08 h3b y37c1 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc82 h3b y37c2 ffa3 fs8 fc3 sc0 ls58 ws47\">sheet<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3b y37c3 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h38 y37c4 ffa4 fs5 fc3 sc0 ls57 ws46\">Foreign exchange forward </td><td class=\"t m0 xc88 h38 y37c5 ffa4 fs5 fc3 sc0 ls57 ws46\">Foreign </td><td></td><td></td><td></td><td></td><td class=\"t m0 xc82 h38 y37c6 ffa4 fs5 fc3 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x301 h38 y37c7 ffa4 fs5 fc3 sc0 ls9 ws1\">contracts<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc88 h38 y37c8 ffa4 fs5 fc3 sc0 ls57 ws46\">exchange </td><td></td><td></td><td></td><td></td><td class=\"t m0 xc82 h38 y37c9 ffa4 fs5 fc3 sc0 ls9 ws1\">assets/</td><td></td></tr><tr><td class=\"t m0 x301 h38 y37ca ffa4 fs5 fc3 sc0 ls9 ws1\"> - forecasted purchases<span class=\"_ _2af\"> </span></td><td class=\"c n xc89 y37cb w20f h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">risk<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8a y37cb w3f h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">50.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8b y37cb w3b h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">149.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8c y37cb w37 h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">1.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8d y37cb w3a h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls9 ws1\">(3.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8e y37cb w210 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8f y37cb w43 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">(7.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y37cc ffa4 fs5 fc3 sc0 ls9 ws1\">Interest rate swaps<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xc82 h38 y37cc ffa4 fs5 fc3 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x301 h38 y37cd ffa4 fs5 fc3 sc0 ls9 ws1\"> - private placement loan </td><td class=\"t m0 xc88 h38 y37ce ffa4 fs5 fc3 sc0 ls9 ws1\">Interest </td><td></td><td></td><td></td><td></td><td class=\"t m0 xc82 h38 y37cd ffa4 fs5 fc3 sc0 ls9 ws1\">assets/<span class=\"_ _2af\"> </span></td><td></td></tr><tr><td class=\"t m0 x301 h38 y37cf ffa4 fs5 fc3 sc0 ls57 ws46\">notes<span class=\"_ _2af\"> </span></td><td class=\"c n xc89 y37d0 w211 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">rate risk<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc90 y37d0 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">32.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc91 y37d0 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">46.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc92 y37d0 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc93 y37d0 w3a h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8e y37d0 w210 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8f y37d0 w43 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y37d1 ffa4 fs5 fc3 sc0 ls9 ws1\">Cross currency swaps<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc88 h38 y37d2 ffa4 fs5 fc3 sc0 ls57 ws46\">Foreign </td><td></td><td></td><td></td><td></td><td class=\"t m0 xc82 h38 y37d2 ffa4 fs5 fc3 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x301 h38 y37d3 ffa4 fs5 fc3 sc0 ls9 ws1\"> - private placement loan </td><td class=\"t m0 xc88 h38 y37d4 ffa4 fs5 fc3 sc0 ls57 ws46\">exchange </td><td></td><td></td><td></td><td></td><td class=\"t m0 xc82 h38 y37d4 ffa4 fs5 fc3 sc0 ls9 ws1\">assets/<span class=\"_ _2af\"> </span></td><td></td></tr><tr><td class=\"t m0 x301 h38 y37d5 ffa4 fs5 fc3 sc0 ls57 ws46\">notes<span class=\"_ _2af\"> </span></td><td class=\"c n xc89 y37d6 w20f h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">risk<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc94 y37d6 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc95 y37d6 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">51.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc96 y37d6 w8c h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc93 y37d6 w3a h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls9 ws1\">(1.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8e y37d6 w210 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8f y37d6 w43 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">(1.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xc97 y3455 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">82.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc98 y3455 w2d h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">248.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc99 y3455 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">1.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc9a y3455 w43 h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls9 ws1\">(5.4)<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xc9b y3455 w43 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">(9.1)<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w212 ha6\" id=\"_06499f53-5b16-4179-8a05-e2ecbcb7383d\"><tr><td></td><td class=\"t m0 x3c8 h3b y37d7 ffa5 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y37d7 ffa6 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2c5 h3b y37d8 ffa5 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y37d9 ffa6 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h38 y37da ffa6 fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></td><td class=\"c n xc9c y37db w62 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">4.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc9d y37db wa8 h5c\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c x27b y37dc w213 h66\"><div class=\"t m0 x27a h38 y34cd ffa6 fs5 fc3 sc0 ls9 ws1\">Change in fair value recognised in the consolidated statement of o<span class=\"_ _1\"></span>ther<span class=\"_ _2af\"> </span></div><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">comprehensive income<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a2 y374a w43 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">(8.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc9e y374a w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">11.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y37dd ffa6 fs5 fc3 sc0 ls9 ws1\">Reclassified to the consolidated income statement:<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 xc9f h38 y37de ffa6 fs5 fc3 sc0 ls9 ws1\">recognised in administrative expenses</td><td class=\"t m0 x662 h39 y37df ffa5 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(2.0) </td><td class=\"t m0 x442 h38 y37de ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(5.1) </td></tr><tr><td class=\"t m0 x295 h38 y37e0 ffa6 fs5 fc3 sc0 ls57 ws46\">Change in tax</td><td class=\"t m0 x662 h39 y37e1 ffa5 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _19f\"> </span>2.6 </td><td class=\"t m0 x442 h38 y37e0 ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(1.6) </td></tr><tr><td class=\"t m0 x295 h38 y37e2 ffa6 fs5 fc3 sc0 ls9 ws1\">At 31 December</td><td class=\"t m0 x662 h39 y37e3 ffa5 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(3.8) </td><td class=\"t m0 xc6e h38 y37e2 ffa6 fs5 fc3 sc0 ls57 ws46\">4.1<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Fair value hedges<span class=\"_ _2af\"> </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=\"_ _2b\"></span>ponding swaps have the same critical terms including nominal values and maturity dates.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>The impact of the hedged item and the related financial derivatives on the consolidat<span class=\"_ _2b\"></span>ed balance sheet at 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> is as follows:<span class=\"_ _2af\"> </span></span><table class=\"s w20b ha3\" id=\"_31687d4a-eeea-4139-9d89-7e12470c6fde\"><tr><td></td><td></td><td class=\"t m0 xc60 h3b y3794 ffa3 fs8 fc3 sc0 ls58 ws47\">Notional<span class=\"_ _2af\"> </span></td><td></td><td></td><td class=\"t m0 x6c4 h3b y3794 ffa3 fs8 fc3 sc0 ls58 ws47\">Carrying<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 xc61 h3b y3795 ffa3 fs8 fc3 sc0 ls58 ws47\">Change in fair<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xac3 h3b y3796 ffa3 fs8 fc3 sc0 ls58 ws47\">amount of the<span class=\"_ _2af\"> </span></td><td></td><td></td><td class=\"t m0 xac5 h3b y3796 ffa3 fs8 fc3 sc0 ls58 ws47\">amount of the<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 xc61 h3b y3797 ffa3 fs8 fc3 sc0 ls58 ws47\">value used for<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xc62 h3b y3798 ffa3 fs8 fc3 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2af\"> </span></td><td></td><td></td><td class=\"t m0 xc63 h3b y3798 ffa3 fs8 fc3 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2af\"> </span></td><td class=\"t m0 x764 h3b y3799 ffa3 fs8 fc3 sc0 ls58 ws47\">Line item in<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc64 h3b y379a ffa3 fs8 fc3 sc0 ls58 ws47\">measuring<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xc65 h3b y379b ffa3 fs8 fc3 sc0 ls58 ws47\">Assets<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc66 h3b y379b ffa3 fs8 fc3 sc0 ls58 ws47\">Liabilities<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc67 h3b y379b ffa3 fs8 fc3 sc0 ls58 ws47\">Assets<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc68 h3b y379b ffa3 fs8 fc3 sc0 ls58 ws47\">Liabilities<span class=\"_ _2af\"> </span></td><td class=\"t m0 x764 h3b y379c ffa3 fs8 fc3 sc0 ls58 ws47\">the balance<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc69 h3b y379d ffa3 fs8 fc3 sc0 ls58 ws47\">ineffectiveness<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y379e ffa3 fs5 fc3 sc0 ls57 ws46\">Fair value hedges<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc6a h3b y379f ffa3 fs8 fc3 sc0 ls58 ws47\">Hedged risk<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc6b h3b y379f ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc6c h3b y379f ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc6d h3b y379f ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5e2 h3b y379f ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x764 h3b y379f ffa3 fs8 fc3 sc0 ls58 ws47\">sheet<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc6e h3b y37a0 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 xc6f h38 y37a1 ffa4 fs5 fc3 sc0 ls57 ws46\">Foreign </td><td></td><td></td><td></td><td></td><td class=\"t m0 x764 h38 y37a2 ffa4 fs5 fc3 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x295 h38 y37a3 ffa4 fs5 fc3 sc0 ls9 ws1\">Cross-currency interest </td><td class=\"t m0 xc6f h38 y37a4 ffa4 fs5 fc3 sc0 ls57 ws46\">exchange </td><td class=\"c n xc70 y37a5 w5d h64\"><div class=\"t m0 x27a h39 y34b5 ffa3 fs5 fc3 sc0 ls57 ws46\">63.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc71 y37a5 w5d h64\"><div class=\"t m0 x27a h39 y34b5 ffa3 fs5 fc3 sc0 ls57 ws46\">15.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc72 y37a5 w3d h64\"><div class=\"t m0 x27a h39 y34b5 ffa3 fs5 fc3 sc0 ls57 ws46\">14.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc73 y37a5 wa8 h64\"><div class=\"t m0 x27a h39 y34b5 ffa3 fs5 fc3 sc0 ls9 ws1\">(0.9)</div></td><td class=\"t m0 x764 h38 y37a6 ffa4 fs5 fc3 sc0 ls9 ws1\">assets/</td><td class=\"t m0 x50a h38 y37a6 ffa4 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _28\"> </span>(11.1) </td></tr><tr><td class=\"t m0 x295 h38 y37a7 ffa4 fs5 fc3 sc0 ls9 ws1\">rate swaps<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc6f h38 y37a8 ffa4 fs5 fc3 sc0 ls9 ws1\">risk/ Interest </td><td></td><td></td><td></td><td></td><td class=\"t m0 x764 h38 y37a9 ffa4 fs5 fc3 sc0 ls9 ws1\">Liabilities<span class=\"_ _2af\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 xc6f h38 y37aa ffa4 fs5 fc3 sc0 ls9 ws1\">rate risk<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table><table class=\"s w20c ha4\" id=\"_4941986d-caa1-447e-bf5e-9731b5a6eb81\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x666 h3b y37ab ffa3 fs8 fc3 sc0 ls58 ws47\">Change in fair value<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 xc74 h3b y37ac ffa3 fs8 fc3 sc0 ls58 ws47\">Carrying </td><td class=\"t m0 xc75 h3b y37ad ffa3 fs8 fc3 sc0 ls58 ws47\">Accumulated fair<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 x5da h3b y37ae ffa3 fs8 fc3 sc0 ls58 ws47\">used for measuring<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 xc76 h3b y37af ffa3 fs8 fc3 sc0 ls58 ws47\">amount<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc75 h3b y37b0 ffa3 fs8 fc3 sc0 ls58 ws47\">value adjustment<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5dd h3b y37b1 ffa3 fs8 fc3 sc0 ls58 ws47\">Line item in the<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc77 h3b y37b2 ffa3 fs8 fc3 sc0 ls58 ws47\">ineffectiveness<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 xc78 h3b y37b3 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5d8 h3b y37b4 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x5dd h3b y37b4 ffa3 fs8 fc3 sc0 ls58 ws47\">balance sheet<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc6e h3b y37b5 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3455 w199 h5e\"><div class=\"t m0 x27a h38 y3453 ffa4 fs5 fc3 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc79 y3455 w5e h5f\"><div class=\"t m0 x27a h38 y3453 ffa3 fs5 fc3 sc0 ls57 ws46\">262.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc7a y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffa3 fs5 fc3 sc0 ls57 ws46\">13.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc7b y3455 w20d h5e\"><div class=\"t m0 x27a h38 y3453 ffa4 fs5 fc3 sc0 ls9 ws1\">Financial Liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc7c y3455 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffa4 fs5 fc3 sc0 ls57 ws46\">11.1<span class=\"_ _2af\"> </span></div></td></tr></table>Cash flow hedges<span class=\"_ _2af\"> </span>The Group holds the following foreign exchange contracts to man<span class=\"_ _1\"></span>age various exposures across its business operations:<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w20e ha5\" id=\"_92a1cc3c-1b29-4e0e-89be-e493d9d6b15c\"><tr><td></td><td></td><td></td><td class=\"t m0 xc7d h3b y37b6 ffa3 fs8 fc3 sc0 ls58 ws47\">Notional<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 x2fe h3b y37b6 ffa3 fs8 fc3 sc0 ls58 ws47\">Carrying<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 xc7e h3b y37b7 ffa3 fs8 fc3 sc0 ls58 ws47\">Change in fair<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 xc7f h3b y37b8 ffa3 fs8 fc3 sc0 ls58 ws47\">amount of the<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 x44a h3b y37b8 ffa3 fs8 fc3 sc0 ls58 ws47\">amount of the<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 xc80 h3b y37b9 ffa3 fs8 fc3 sc0 ls58 ws47\">value used for<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 xbbb h3b y37ba ffa3 fs8 fc3 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 xc81 h3b y37ba ffa3 fs8 fc3 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc82 h3b y37bb ffa3 fs8 fc3 sc0 ls58 ws47\">Line item in<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc83 h3b y37bc ffa3 fs8 fc3 sc0 ls58 ws47\">measuring<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xc84 h3b y37bd ffa3 fs8 fc3 sc0 ls58 ws47\">Assets<span class=\"_ _2af\"> </span></td><td class=\"t m0 x496 h3b y37bd ffa3 fs8 fc3 sc0 ls58 ws47\">Liabilities<span class=\"_ _2af\"> </span></td><td class=\"t m0 x44e h3b y37bd ffa3 fs8 fc3 sc0 ls58 ws47\">Assets<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7c4 h3b y37bd ffa3 fs8 fc3 sc0 ls58 ws47\">Liabilities<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc82 h3b y37be ffa3 fs8 fc3 sc0 ls58 ws47\">the balance<span class=\"_ _2af\"> </span></td><td class=\"t m0 x49a h3b y37bf ffa3 fs8 fc3 sc0 ls58 ws47\">ineffectiveness<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y37c0 ffa3 fs5 fc3 sc0 ls57 ws46\">Cash flow hedges<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc85 h3b y37c1 ffa3 fs8 fc3 sc0 ls58 ws47\">Hedged risk<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc86 h3b y37c1 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc87 h3b y37c1 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb8b h3b y37c1 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc08 h3b y37c1 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc82 h3b y37c2 ffa3 fs8 fc3 sc0 ls58 ws47\">sheet<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3b y37c3 ffa3 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h38 y37c4 ffa4 fs5 fc3 sc0 ls57 ws46\">Foreign exchange forward </td><td class=\"t m0 xc88 h38 y37c5 ffa4 fs5 fc3 sc0 ls57 ws46\">Foreign </td><td></td><td></td><td></td><td></td><td class=\"t m0 xc82 h38 y37c6 ffa4 fs5 fc3 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x301 h38 y37c7 ffa4 fs5 fc3 sc0 ls9 ws1\">contracts<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc88 h38 y37c8 ffa4 fs5 fc3 sc0 ls57 ws46\">exchange </td><td></td><td></td><td></td><td></td><td class=\"t m0 xc82 h38 y37c9 ffa4 fs5 fc3 sc0 ls9 ws1\">assets/</td><td></td></tr><tr><td class=\"t m0 x301 h38 y37ca ffa4 fs5 fc3 sc0 ls9 ws1\"> - forecasted purchases<span class=\"_ _2af\"> </span></td><td class=\"c n xc89 y37cb w20f h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">risk<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8a y37cb w3f h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">50.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8b y37cb w3b h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">149.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8c y37cb w37 h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">1.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8d y37cb w3a h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls9 ws1\">(3.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8e y37cb w210 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8f y37cb w43 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">(7.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y37cc ffa4 fs5 fc3 sc0 ls9 ws1\">Interest rate swaps<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xc82 h38 y37cc ffa4 fs5 fc3 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x301 h38 y37cd ffa4 fs5 fc3 sc0 ls9 ws1\"> - private placement loan </td><td class=\"t m0 xc88 h38 y37ce ffa4 fs5 fc3 sc0 ls9 ws1\">Interest </td><td></td><td></td><td></td><td></td><td class=\"t m0 xc82 h38 y37cd ffa4 fs5 fc3 sc0 ls9 ws1\">assets/<span class=\"_ _2af\"> </span></td><td></td></tr><tr><td class=\"t m0 x301 h38 y37cf ffa4 fs5 fc3 sc0 ls57 ws46\">notes<span class=\"_ _2af\"> </span></td><td class=\"c n xc89 y37d0 w211 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">rate risk<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc90 y37d0 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">32.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc91 y37d0 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">46.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc92 y37d0 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc93 y37d0 w3a h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8e y37d0 w210 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8f y37d0 w43 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y37d1 ffa4 fs5 fc3 sc0 ls9 ws1\">Cross currency swaps<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc88 h38 y37d2 ffa4 fs5 fc3 sc0 ls57 ws46\">Foreign </td><td></td><td></td><td></td><td></td><td class=\"t m0 xc82 h38 y37d2 ffa4 fs5 fc3 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x301 h38 y37d3 ffa4 fs5 fc3 sc0 ls9 ws1\"> - private placement loan </td><td class=\"t m0 xc88 h38 y37d4 ffa4 fs5 fc3 sc0 ls57 ws46\">exchange </td><td></td><td></td><td></td><td></td><td class=\"t m0 xc82 h38 y37d4 ffa4 fs5 fc3 sc0 ls9 ws1\">assets/<span class=\"_ _2af\"> </span></td><td></td></tr><tr><td class=\"t m0 x301 h38 y37d5 ffa4 fs5 fc3 sc0 ls57 ws46\">notes<span class=\"_ _2af\"> </span></td><td class=\"c n xc89 y37d6 w20f h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">risk<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc94 y37d6 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc95 y37d6 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">51.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc96 y37d6 w8c h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc93 y37d6 w3a h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls9 ws1\">(1.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8e y37d6 w210 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc8f y37d6 w43 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">(1.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xc97 y3455 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">82.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc98 y3455 w2d h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">248.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc99 y3455 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls57 ws46\">1.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc9a y3455 w43 h5b\"><div class=\"t m0 x27a h38 y343e ffa3 fs5 fc3 sc0 ls9 ws1\">(5.4)<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xc9b y3455 w43 h5d\"><div class=\"t m0 x27a h38 y343e ffa4 fs5 fc3 sc0 ls9 ws1\">(9.1)<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w212 ha6\" id=\"_06499f53-5b16-4179-8a05-e2ecbcb7383d\"><tr><td></td><td class=\"t m0 x3c8 h3b y37d7 ffa5 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y37d7 ffa6 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2c5 h3b y37d8 ffa5 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y37d9 ffa6 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h38 y37da ffa6 fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></td><td class=\"c n xc9c y37db w62 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">4.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc9d y37db wa8 h5c\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c x27b y37dc w213 h66\"><div class=\"t m0 x27a h38 y34cd ffa6 fs5 fc3 sc0 ls9 ws1\">Change in fair value recognised in the consolidated statement of o<span class=\"_ _1\"></span>ther<span class=\"_ _2af\"> </span></div><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">comprehensive income<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9a2 y374a w43 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">(8.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc9e y374a w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">11.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y37dd ffa6 fs5 fc3 sc0 ls9 ws1\">Reclassified to the consolidated income statement:<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 xc9f h38 y37de ffa6 fs5 fc3 sc0 ls9 ws1\">recognised in administrative expenses</td><td class=\"t m0 x662 h39 y37df ffa5 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(2.0) </td><td class=\"t m0 x442 h38 y37de ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(5.1) </td></tr><tr><td class=\"t m0 x295 h38 y37e0 ffa6 fs5 fc3 sc0 ls57 ws46\">Change in tax</td><td class=\"t m0 x662 h39 y37e1 ffa5 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _19f\"> </span>2.6 </td><td class=\"t m0 x442 h38 y37e0 ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(1.6) </td></tr><tr><td class=\"t m0 x295 h38 y37e2 ffa6 fs5 fc3 sc0 ls9 ws1\">At 31 December</td><td class=\"t m0 x662 h39 y37e3 ffa5 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(3.8) </td><td class=\"t m0 xc6e h38 y37e2 ffa6 fs5 fc3 sc0 ls57 ws46\">4.1<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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 fc1 sc0 ls9 ws1 gs649\">4.3 Net finance costs<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffa6 fs5 fc3 sc0 ls9 ws1 gs64a\">The table below shows the composition of net finance costs, including th<span class=\"_ _1\"></span>ose excluded from adjusted profit:<span class=\"_ _2af\"> </span></div><div class=\"gs64b\"><table class=\"s w214 ha7\" id=\"_424ff188-f5f4-4c15-b209-bf0ebe7af64f\"><tr><td></td><td></td><td class=\"t m0 x2fc h3b y37e4 ffa5 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2fd h3a y37e5 ffa6 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x2fe h3a y37e6 ffa6 fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2ff h3b y37e7 ffa5 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y37e8 ffa6 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y37e9 ffa5 fs5 fc3 sc0 ls57 ws46\">Interest income<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xca0 h38 y37ea ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on cash</td><td></td><td class=\"t m0 x6e7 h39 y37eb ffa5 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(1.9) </td><td class=\"t m0 xca1 h38 y37ea ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(1.1) </td></tr><tr><td class=\"c n xca2 y37ec w215 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on finance lease assets<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xca3 y37ec w3a h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">(4.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca4 y37ec w3a h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">(4.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37ed w216 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Net interest income on defined benefit pension schemes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca5 y37ed w26 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca6 y37ed w3a h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">(2.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca7 y37ed w3a h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">(3.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y37ee w217 h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">Total interest income<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x316 y37ee w43 h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls9 ws1\">(8.7)</div></td><td class=\"t m0 xca1 h38 y37ef ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(8.9) </td></tr><tr><td class=\"t m0 x301 h39 y37f0 ffa5 fs5 fc3 sc0 ls57 ws46\">Interest expense<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xca0 h38 y37f1 ffa6 fs5 fc3 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2af\"> </span></td><td></td><td class=\"c n x98b y37f2 w3f h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">16.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98c y37f2 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">12.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f3 w218 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xca8 y37f3 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">14.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca9 y37f3 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">8.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f4 w219 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Cost of non-recourse trade receivables financing<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcaa y37f4 w56 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">3.1.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcab y37f4 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">3.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcac y37f4 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f5 wb4 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcad y37f5 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">22.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcae y37f5 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">22.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f6 w21a h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Discount unwind on provisions<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcaf y37f6 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">3.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb0 y37f6 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb1 y37f6 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y37f7 w21b h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">Total interest expense<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x986 y37f7 w3d h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">58.7</div></td><td class=\"t m0 xca1 h38 y37f8 ffa6 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _49\"> </span>42.9 </td></tr><tr><td class=\"c n x27b y37f9 w21c h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">Net finance expense included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x2cb y37f9 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">50.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb3 y37f9 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">34.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y37fa ffa5 fs5 fc3 sc0 ls57 ws46\">Included within business exits<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n xca2 y37fb w218 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb2 y37fb w8c h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 xca1 h4f y37fc ffa7 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _19f\"> </span>1.0 </td></tr><tr><td class=\"c n xca2 y3610 wb4 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb3 y3610 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 xca1 h4f y37fd ffa7 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _19f\"> </span>0.1 </td></tr><tr><td class=\"t m0 x301 h39 y37fe ffa5 fs5 fc3 sc0 ls9 ws1\">Other items excluded from adjusted profits<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xca0 h38 y37ff ffa6 fs5 fc3 sc0 ls57 ws46\">Non-designated foreign exchange forward contracts \u2013 change </td><td></td><td></td><td></td></tr><tr><td class=\"c n xca2 y3800 w21d h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls9 ws1\">in mark-to-market value<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb4 y3800 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls57 ws46\">3.2</div></td><td class=\"t m0 xca1 h4f y3801 ffa7 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(3.6) </td></tr><tr><td class=\"t m0 xca0 h38 y3802 ffa6 fs5 fc3 sc0 ls57 ws46\">Fair value hedge ineffectiveness<span class=\"_ _2af\"> </span></td><td class=\"c n xcb5 y3803 w56 h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls57 ws46\">4.2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb6 y3803 w43 h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls9 ws1\">(1.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb7 y3803 w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3804 w21e h5b\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">Net finance expense/(income) excluded from adjusted profit<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb8 y3804 w26 h5b\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">2.2</div></td><td class=\"t m0 xca1 h38 y3805 ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(2.3) </td></tr><tr><td class=\"c n x27b y3455 w21f h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls57 ws46\">Total net finance expense<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb9 y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls57 ws46\">52.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb02 y3455 w3f h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls57 ws46\">31.7<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h3e ffa6 fs1c fc3 sc0 ls9 ws1 gs64c\">1<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3e ffa6 fs1c fc3 sc0 ls9 ws1 gs64d\">2<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ffa6 fs8 fc3 sc0 ls58 ws47 gs64e\">1.<span class=\"_ _9\"> </span>Private placement loan notes comprise US<span class=\"_ gs23c\"> </span>dollar and British pound sterling private placement loan notes, and the euro fixed rate bearer </div><div class=\"t m0 h3a ffa6 fs8 fc3 sc0 ls58 ws47 gs64f\">notes which were repaid during 2023.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ffa6 fs8 fc3 sc0 ls58 ws47 gs650\">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=\"_ _2b\"></span>k associated </div><div class=\"t m0 h3a ffa6 fs8 fc3 sc0 ls58 ws47 gs651\">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=\"_ _2af\"> </span>The table below shows the composition of net finance costs, including th<span class=\"_ _1\"></span>ose excluded from adjusted profit:<span class=\"_ _2af\"> </span><table class=\"s w214 ha7\" id=\"_424ff188-f5f4-4c15-b209-bf0ebe7af64f\"><tr><td></td><td></td><td class=\"t m0 x2fc h3b y37e4 ffa5 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2fd h3a y37e5 ffa6 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x2fe h3a y37e6 ffa6 fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2ff h3b y37e7 ffa5 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y37e8 ffa6 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y37e9 ffa5 fs5 fc3 sc0 ls57 ws46\">Interest income<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xca0 h38 y37ea ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on cash</td><td></td><td class=\"t m0 x6e7 h39 y37eb ffa5 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(1.9) </td><td class=\"t m0 xca1 h38 y37ea ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(1.1) </td></tr><tr><td class=\"c n xca2 y37ec w215 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on finance lease assets<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xca3 y37ec w3a h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">(4.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca4 y37ec w3a h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">(4.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37ed w216 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Net interest income on defined benefit pension schemes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca5 y37ed w26 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca6 y37ed w3a h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">(2.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca7 y37ed w3a h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">(3.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y37ee w217 h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">Total interest income<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x316 y37ee w43 h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls9 ws1\">(8.7)</div></td><td class=\"t m0 xca1 h38 y37ef ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(8.9) </td></tr><tr><td class=\"t m0 x301 h39 y37f0 ffa5 fs5 fc3 sc0 ls57 ws46\">Interest expense<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xca0 h38 y37f1 ffa6 fs5 fc3 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2af\"> </span></td><td></td><td class=\"c n x98b y37f2 w3f h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">16.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98c y37f2 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">12.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f3 w218 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xca8 y37f3 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">14.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca9 y37f3 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">8.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f4 w219 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Cost of non-recourse trade receivables financing<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcaa y37f4 w56 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">3.1.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcab y37f4 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">3.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcac y37f4 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f5 wb4 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcad y37f5 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">22.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcae y37f5 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">22.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f6 w21a h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Discount unwind on provisions<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcaf y37f6 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">3.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb0 y37f6 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb1 y37f6 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y37f7 w21b h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">Total interest expense<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x986 y37f7 w3d h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">58.7</div></td><td class=\"t m0 xca1 h38 y37f8 ffa6 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _49\"> </span>42.9 </td></tr><tr><td class=\"c n x27b y37f9 w21c h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">Net finance expense included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x2cb y37f9 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">50.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb3 y37f9 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">34.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y37fa ffa5 fs5 fc3 sc0 ls57 ws46\">Included within business exits<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n xca2 y37fb w218 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb2 y37fb w8c h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 xca1 h4f y37fc ffa7 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _19f\"> </span>1.0 </td></tr><tr><td class=\"c n xca2 y3610 wb4 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb3 y3610 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 xca1 h4f y37fd ffa7 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _19f\"> </span>0.1 </td></tr><tr><td class=\"t m0 x301 h39 y37fe ffa5 fs5 fc3 sc0 ls9 ws1\">Other items excluded from adjusted profits<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xca0 h38 y37ff ffa6 fs5 fc3 sc0 ls57 ws46\">Non-designated foreign exchange forward contracts \u2013 change </td><td></td><td></td><td></td></tr><tr><td class=\"c n xca2 y3800 w21d h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls9 ws1\">in mark-to-market value<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb4 y3800 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls57 ws46\">3.2</div></td><td class=\"t m0 xca1 h4f y3801 ffa7 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(3.6) </td></tr><tr><td class=\"t m0 xca0 h38 y3802 ffa6 fs5 fc3 sc0 ls57 ws46\">Fair value hedge ineffectiveness<span class=\"_ _2af\"> </span></td><td class=\"c n xcb5 y3803 w56 h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls57 ws46\">4.2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb6 y3803 w43 h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls9 ws1\">(1.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb7 y3803 w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3804 w21e h5b\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">Net finance expense/(income) excluded from adjusted profit<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb8 y3804 w26 h5b\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">2.2</div></td><td class=\"t m0 xca1 h38 y3805 ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(2.3) </td></tr><tr><td class=\"c n x27b y3455 w21f h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls57 ws46\">Total net finance expense<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb9 y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls57 ws46\">52.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb02 y3455 w3f h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls57 ws46\">31.7<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span>2<span class=\"_ _2af\"> </span>1.<span class=\"_ _9\"> </span>Private placement loan notes comprise US<span class=\"_ gs23c\"> </span>dollar and British pound sterling private placement loan notes, and the euro fixed rate bearer notes which were repaid during 2023.<span class=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </span>The table below shows the composition of net finance costs, including th<span class=\"_ _1\"></span>ose excluded from adjusted profit:<span class=\"_ _2af\"> </span><table class=\"s w214 ha7\" id=\"_424ff188-f5f4-4c15-b209-bf0ebe7af64f\"><tr><td></td><td></td><td class=\"t m0 x2fc h3b y37e4 ffa5 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2fd h3a y37e5 ffa6 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x2fe h3a y37e6 ffa6 fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2ff h3b y37e7 ffa5 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y37e8 ffa6 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y37e9 ffa5 fs5 fc3 sc0 ls57 ws46\">Interest income<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xca0 h38 y37ea ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on cash</td><td></td><td class=\"t m0 x6e7 h39 y37eb ffa5 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(1.9) </td><td class=\"t m0 xca1 h38 y37ea ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(1.1) </td></tr><tr><td class=\"c n xca2 y37ec w215 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on finance lease assets<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xca3 y37ec w3a h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">(4.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca4 y37ec w3a h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">(4.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37ed w216 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Net interest income on defined benefit pension schemes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca5 y37ed w26 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca6 y37ed w3a h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">(2.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca7 y37ed w3a h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">(3.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y37ee w217 h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">Total interest income<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x316 y37ee w43 h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls9 ws1\">(8.7)</div></td><td class=\"t m0 xca1 h38 y37ef ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(8.9) </td></tr><tr><td class=\"t m0 x301 h39 y37f0 ffa5 fs5 fc3 sc0 ls57 ws46\">Interest expense<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xca0 h38 y37f1 ffa6 fs5 fc3 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2af\"> </span></td><td></td><td class=\"c n x98b y37f2 w3f h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">16.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98c y37f2 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">12.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f3 w218 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xca8 y37f3 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">14.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca9 y37f3 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">8.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f4 w219 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Cost of non-recourse trade receivables financing<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcaa y37f4 w56 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">3.1.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcab y37f4 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">3.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcac y37f4 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f5 wb4 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcad y37f5 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">22.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcae y37f5 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">22.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f6 w21a h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Discount unwind on provisions<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcaf y37f6 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">3.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb0 y37f6 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb1 y37f6 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y37f7 w21b h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">Total interest expense<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x986 y37f7 w3d h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">58.7</div></td><td class=\"t m0 xca1 h38 y37f8 ffa6 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _49\"> </span>42.9 </td></tr><tr><td class=\"c n x27b y37f9 w21c h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">Net finance expense included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x2cb y37f9 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">50.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb3 y37f9 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">34.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y37fa ffa5 fs5 fc3 sc0 ls57 ws46\">Included within business exits<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n xca2 y37fb w218 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb2 y37fb w8c h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 xca1 h4f y37fc ffa7 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _19f\"> </span>1.0 </td></tr><tr><td class=\"c n xca2 y3610 wb4 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb3 y3610 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 xca1 h4f y37fd ffa7 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _19f\"> </span>0.1 </td></tr><tr><td class=\"t m0 x301 h39 y37fe ffa5 fs5 fc3 sc0 ls9 ws1\">Other items excluded from adjusted profits<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xca0 h38 y37ff ffa6 fs5 fc3 sc0 ls57 ws46\">Non-designated foreign exchange forward contracts \u2013 change </td><td></td><td></td><td></td></tr><tr><td class=\"c n xca2 y3800 w21d h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls9 ws1\">in mark-to-market value<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb4 y3800 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls57 ws46\">3.2</div></td><td class=\"t m0 xca1 h4f y3801 ffa7 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(3.6) </td></tr><tr><td class=\"t m0 xca0 h38 y3802 ffa6 fs5 fc3 sc0 ls57 ws46\">Fair value hedge ineffectiveness<span class=\"_ _2af\"> </span></td><td class=\"c n xcb5 y3803 w56 h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls57 ws46\">4.2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb6 y3803 w43 h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls9 ws1\">(1.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb7 y3803 w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3804 w21e h5b\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">Net finance expense/(income) excluded from adjusted profit<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb8 y3804 w26 h5b\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">2.2</div></td><td class=\"t m0 xca1 h38 y3805 ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(2.3) </td></tr><tr><td class=\"c n x27b y3455 w21f h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls57 ws46\">Total net finance expense<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb9 y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls57 ws46\">52.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb02 y3455 w3f h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls57 ws46\">31.7<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span>2<span class=\"_ _2af\"> </span>1.<span class=\"_ _9\"> </span>Private placement loan notes comprise US<span class=\"_ gs23c\"> </span>dollar and British pound sterling private placement loan notes, and the euro fixed rate bearer notes which were repaid during 2023.<span class=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </span>The table below shows the composition of net finance costs, including th<span class=\"_ _1\"></span>ose excluded from adjusted profit:<span class=\"_ _2af\"> </span><table class=\"s w214 ha7\" id=\"_424ff188-f5f4-4c15-b209-bf0ebe7af64f\"><tr><td></td><td></td><td class=\"t m0 x2fc h3b y37e4 ffa5 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2fd h3a y37e5 ffa6 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x2fe h3a y37e6 ffa6 fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2ff h3b y37e7 ffa5 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y37e8 ffa6 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y37e9 ffa5 fs5 fc3 sc0 ls57 ws46\">Interest income<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xca0 h38 y37ea ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on cash</td><td></td><td class=\"t m0 x6e7 h39 y37eb ffa5 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(1.9) </td><td class=\"t m0 xca1 h38 y37ea ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(1.1) </td></tr><tr><td class=\"c n xca2 y37ec w215 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on finance lease assets<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xca3 y37ec w3a h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">(4.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca4 y37ec w3a h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">(4.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37ed w216 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Net interest income on defined benefit pension schemes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca5 y37ed w26 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca6 y37ed w3a h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">(2.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca7 y37ed w3a h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">(3.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y37ee w217 h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">Total interest income<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x316 y37ee w43 h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls9 ws1\">(8.7)</div></td><td class=\"t m0 xca1 h38 y37ef ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(8.9) </td></tr><tr><td class=\"t m0 x301 h39 y37f0 ffa5 fs5 fc3 sc0 ls57 ws46\">Interest expense<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xca0 h38 y37f1 ffa6 fs5 fc3 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2af\"> </span></td><td></td><td class=\"c n x98b y37f2 w3f h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">16.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98c y37f2 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">12.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f3 w218 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xca8 y37f3 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">14.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca9 y37f3 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">8.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f4 w219 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Cost of non-recourse trade receivables financing<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcaa y37f4 w56 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">3.1.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcab y37f4 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">3.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcac y37f4 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f5 wb4 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcad y37f5 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">22.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcae y37f5 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">22.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f6 w21a h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Discount unwind on provisions<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcaf y37f6 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">3.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb0 y37f6 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb1 y37f6 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y37f7 w21b h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">Total interest expense<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x986 y37f7 w3d h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">58.7</div></td><td class=\"t m0 xca1 h38 y37f8 ffa6 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _49\"> </span>42.9 </td></tr><tr><td class=\"c n x27b y37f9 w21c h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">Net finance expense included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x2cb y37f9 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">50.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb3 y37f9 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">34.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y37fa ffa5 fs5 fc3 sc0 ls57 ws46\">Included within business exits<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n xca2 y37fb w218 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb2 y37fb w8c h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 xca1 h4f y37fc ffa7 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _19f\"> </span>1.0 </td></tr><tr><td class=\"c n xca2 y3610 wb4 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb3 y3610 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 xca1 h4f y37fd ffa7 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _19f\"> </span>0.1 </td></tr><tr><td class=\"t m0 x301 h39 y37fe ffa5 fs5 fc3 sc0 ls9 ws1\">Other items excluded from adjusted profits<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xca0 h38 y37ff ffa6 fs5 fc3 sc0 ls57 ws46\">Non-designated foreign exchange forward contracts \u2013 change </td><td></td><td></td><td></td></tr><tr><td class=\"c n xca2 y3800 w21d h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls9 ws1\">in mark-to-market value<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb4 y3800 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls57 ws46\">3.2</div></td><td class=\"t m0 xca1 h4f y3801 ffa7 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(3.6) </td></tr><tr><td class=\"t m0 xca0 h38 y3802 ffa6 fs5 fc3 sc0 ls57 ws46\">Fair value hedge ineffectiveness<span class=\"_ _2af\"> </span></td><td class=\"c n xcb5 y3803 w56 h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls57 ws46\">4.2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb6 y3803 w43 h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls9 ws1\">(1.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb7 y3803 w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3804 w21e h5b\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">Net finance expense/(income) excluded from adjusted profit<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb8 y3804 w26 h5b\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">2.2</div></td><td class=\"t m0 xca1 h38 y3805 ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(2.3) </td></tr><tr><td class=\"c n x27b y3455 w21f h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls57 ws46\">Total net finance expense<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb9 y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls57 ws46\">52.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb02 y3455 w3f h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls57 ws46\">31.7<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span>2<span class=\"_ _2af\"> </span>1.<span class=\"_ _9\"> </span>Private placement loan notes comprise US<span class=\"_ gs23c\"> </span>dollar and British pound sterling private placement loan notes, and the euro fixed rate bearer notes which were repaid during 2023.<span class=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </span>The table below shows the composition of net finance costs, including th<span class=\"_ _1\"></span>ose excluded from adjusted profit:<span class=\"_ _2af\"> </span><table class=\"s w214 ha7\" id=\"_424ff188-f5f4-4c15-b209-bf0ebe7af64f\"><tr><td></td><td></td><td class=\"t m0 x2fc h3b y37e4 ffa5 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2fd h3a y37e5 ffa6 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x2fe h3a y37e6 ffa6 fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2ff h3b y37e7 ffa5 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y37e8 ffa6 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y37e9 ffa5 fs5 fc3 sc0 ls57 ws46\">Interest income<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xca0 h38 y37ea ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on cash</td><td></td><td class=\"t m0 x6e7 h39 y37eb ffa5 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(1.9) </td><td class=\"t m0 xca1 h38 y37ea ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(1.1) </td></tr><tr><td class=\"c n xca2 y37ec w215 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on finance lease assets<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xca3 y37ec w3a h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">(4.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca4 y37ec w3a h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">(4.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37ed w216 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Net interest income on defined benefit pension schemes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca5 y37ed w26 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca6 y37ed w3a h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">(2.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca7 y37ed w3a h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">(3.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y37ee w217 h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">Total interest income<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x316 y37ee w43 h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls9 ws1\">(8.7)</div></td><td class=\"t m0 xca1 h38 y37ef ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(8.9) </td></tr><tr><td class=\"t m0 x301 h39 y37f0 ffa5 fs5 fc3 sc0 ls57 ws46\">Interest expense<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xca0 h38 y37f1 ffa6 fs5 fc3 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2af\"> </span></td><td></td><td class=\"c n x98b y37f2 w3f h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">16.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98c y37f2 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">12.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f3 w218 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xca8 y37f3 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">14.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca9 y37f3 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">8.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f4 w219 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Cost of non-recourse trade receivables financing<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcaa y37f4 w56 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">3.1.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcab y37f4 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">3.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcac y37f4 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f5 wb4 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcad y37f5 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">22.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcae y37f5 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">22.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f6 w21a h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Discount unwind on provisions<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcaf y37f6 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">3.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb0 y37f6 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb1 y37f6 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y37f7 w21b h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">Total interest expense<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x986 y37f7 w3d h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">58.7</div></td><td class=\"t m0 xca1 h38 y37f8 ffa6 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _49\"> </span>42.9 </td></tr><tr><td class=\"c n x27b y37f9 w21c h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">Net finance expense included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x2cb y37f9 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">50.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb3 y37f9 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">34.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y37fa ffa5 fs5 fc3 sc0 ls57 ws46\">Included within business exits<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n xca2 y37fb w218 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb2 y37fb w8c h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 xca1 h4f y37fc ffa7 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _19f\"> </span>1.0 </td></tr><tr><td class=\"c n xca2 y3610 wb4 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb3 y3610 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 xca1 h4f y37fd ffa7 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _19f\"> </span>0.1 </td></tr><tr><td class=\"t m0 x301 h39 y37fe ffa5 fs5 fc3 sc0 ls9 ws1\">Other items excluded from adjusted profits<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xca0 h38 y37ff ffa6 fs5 fc3 sc0 ls57 ws46\">Non-designated foreign exchange forward contracts \u2013 change </td><td></td><td></td><td></td></tr><tr><td class=\"c n xca2 y3800 w21d h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls9 ws1\">in mark-to-market value<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb4 y3800 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls57 ws46\">3.2</div></td><td class=\"t m0 xca1 h4f y3801 ffa7 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(3.6) </td></tr><tr><td class=\"t m0 xca0 h38 y3802 ffa6 fs5 fc3 sc0 ls57 ws46\">Fair value hedge ineffectiveness<span class=\"_ _2af\"> </span></td><td class=\"c n xcb5 y3803 w56 h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls57 ws46\">4.2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb6 y3803 w43 h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls9 ws1\">(1.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb7 y3803 w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3804 w21e h5b\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">Net finance expense/(income) excluded from adjusted profit<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb8 y3804 w26 h5b\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">2.2</div></td><td class=\"t m0 xca1 h38 y3805 ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(2.3) </td></tr><tr><td class=\"c n x27b y3455 w21f h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls57 ws46\">Total net finance expense<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb9 y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls57 ws46\">52.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb02 y3455 w3f h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls57 ws46\">31.7<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span>2<span class=\"_ _2af\"> </span>1.<span class=\"_ _9\"> </span>Private placement loan notes comprise US<span class=\"_ gs23c\"> </span>dollar and British pound sterling private placement loan notes, and the euro fixed rate bearer notes which were repaid during 2023.<span class=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </span>The table below shows the composition of net finance costs, including th<span class=\"_ _1\"></span>ose excluded from adjusted profit:<span class=\"_ _2af\"> </span><table class=\"s w214 ha7\" id=\"_424ff188-f5f4-4c15-b209-bf0ebe7af64f\"><tr><td></td><td></td><td class=\"t m0 x2fc h3b y37e4 ffa5 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x2fd h3a y37e5 ffa6 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x2fe h3a y37e6 ffa6 fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2ff h3b y37e7 ffa5 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y37e8 ffa6 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y37e9 ffa5 fs5 fc3 sc0 ls57 ws46\">Interest income<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xca0 h38 y37ea ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on cash</td><td></td><td class=\"t m0 x6e7 h39 y37eb ffa5 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(1.9) </td><td class=\"t m0 xca1 h38 y37ea ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(1.1) </td></tr><tr><td class=\"c n xca2 y37ec w215 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on finance lease assets<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xca3 y37ec w3a h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">(4.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca4 y37ec w3a h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">(4.2)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37ed w216 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Net interest income on defined benefit pension schemes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca5 y37ed w26 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">5.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca6 y37ed w3a h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">(2.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca7 y37ed w3a h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">(3.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y37ee w217 h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">Total interest income<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x316 y37ee w43 h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls9 ws1\">(8.7)</div></td><td class=\"t m0 xca1 h38 y37ef ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(8.9) </td></tr><tr><td class=\"t m0 x301 h39 y37f0 ffa5 fs5 fc3 sc0 ls57 ws46\">Interest expense<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xca0 h38 y37f1 ffa6 fs5 fc3 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2af\"> </span></td><td></td><td class=\"c n x98b y37f2 w3f h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">16.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98c y37f2 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">12.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f3 w218 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xca8 y37f3 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">14.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xca9 y37f3 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">8.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f4 w219 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Cost of non-recourse trade receivables financing<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcaa y37f4 w56 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">3.1.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcab y37f4 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">3.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcac y37f4 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f5 wb4 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcad y37f5 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">22.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcae y37f5 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">22.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n xca2 y37f6 w21a h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Discount unwind on provisions<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcaf y37f6 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">3.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb0 y37f6 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb1 y37f6 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y37f7 w21b h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">Total interest expense<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x986 y37f7 w3d h64\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">58.7</div></td><td class=\"t m0 xca1 h38 y37f8 ffa6 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _49\"> </span>42.9 </td></tr><tr><td class=\"c n x27b y37f9 w21c h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">Net finance expense included in adjusted profit<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x2cb y37f9 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls57 ws46\">50.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb3 y37f9 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">34.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y37fa ffa5 fs5 fc3 sc0 ls57 ws46\">Included within business exits<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n xca2 y37fb w218 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb2 y37fb w8c h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 xca1 h4f y37fc ffa7 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _19f\"> </span>1.0 </td></tr><tr><td class=\"c n xca2 y3610 wb4 h5d\"><div class=\"t m0 x27a h38 y343e ffa6 fs5 fc3 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb3 y3610 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffa5 fs5 fc3 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 xca1 h4f y37fd ffa7 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _19f\"> </span>0.1 </td></tr><tr><td class=\"t m0 x301 h39 y37fe ffa5 fs5 fc3 sc0 ls9 ws1\">Other items excluded from adjusted profits<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xca0 h38 y37ff ffa6 fs5 fc3 sc0 ls57 ws46\">Non-designated foreign exchange forward contracts \u2013 change </td><td></td><td></td><td></td></tr><tr><td class=\"c n xca2 y3800 w21d h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls9 ws1\">in mark-to-market value<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb4 y3800 w37 h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls57 ws46\">3.2</div></td><td class=\"t m0 xca1 h4f y3801 ffa7 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(3.6) </td></tr><tr><td class=\"t m0 xca0 h38 y3802 ffa6 fs5 fc3 sc0 ls57 ws46\">Fair value hedge ineffectiveness<span class=\"_ _2af\"> </span></td><td class=\"c n xcb5 y3803 w56 h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls57 ws46\">4.2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb6 y3803 w43 h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls9 ws1\">(1.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcb7 y3803 w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3804 w21e h5b\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">Net finance expense/(income) excluded from adjusted profit<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb8 y3804 w26 h5b\"><div class=\"t m0 x27a h39 y34b5 ffa5 fs5 fc3 sc0 ls57 ws46\">2.2</div></td><td class=\"t m0 xca1 h38 y3805 ffa6 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _52\"> </span>(2.3) </td></tr><tr><td class=\"c n x27b y3455 w21f h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls57 ws46\">Total net finance expense<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcb9 y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffa5 fs5 fc3 sc0 ls57 ws46\">52.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb02 y3455 w3f h5e\"><div class=\"t m0 x27a h38 y3453 ffa6 fs5 fc3 sc0 ls57 ws46\">31.7<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span>2<span class=\"_ _2af\"> </span>1.<span class=\"_ _9\"> </span>Private placement loan notes comprise US<span class=\"_ gs23c\"> </span>dollar and British pound sterling private placement loan notes, and the euro fixed rate bearer notes which were repaid during 2023.<span class=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </span>Financial instruments \u2013 classification of financial instruments<span class=\"_ _2af\"> </span>The Group classifies its financial instruments in the following measurement categ<span class=\"_ _1\"></span>ories:<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>those to be measured at amortised cost.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Financial instruments \u2013 initial recognition<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Debt instruments<span class=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ffad\">FVOCI: </span>instruments that are held for collection/p<span class=\"_ _1\"></span>ayment 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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Equity instruments<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Impairment<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Financial instruments \u2013 classification of financial instruments<span class=\"_ _2af\"> </span>The Group classifies its financial instruments in the following measurement categ<span class=\"_ _1\"></span>ories:<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>those to be measured at amortised cost.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Financial instruments \u2013 initial recognition<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Debt instruments<span class=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ffad\">FVOCI: </span>instruments that are held for collection/p<span class=\"_ _1\"></span>ayment 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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Equity instruments<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Impairment<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Derivatives<span class=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </span>Borrowing costs<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>The Group classifies its financial instruments in the following measurement categ<span class=\"_ _1\"></span>ories:<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>those to be measured at amortised cost.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Financial instruments \u2013 initial recognition<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Debt instruments<span class=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ffad\">FVOCI: </span>instruments that are held for collection/p<span class=\"_ _1\"></span>ayment 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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Equity instruments<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Impairment<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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 fc1 sc0 ls57 ws46 gs6ec\">4.5.1 Fair value hierarchy<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6ed\">The Group\u2019s financial assets and liabilities are classified based on the fo<span class=\"_ _1\"></span>llowing fair value hierarchy:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6ee\">\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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6ef\">\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 fc3 sc0 ls9 ws1 gs6f0\">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 fc3 sc0 ls9 ws1 gs6f1\">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 fc3 sc0 ls9 ws1 gs6f2\">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 fc3 sc0 ls9 ws1 gs6f3\">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 fc3 sc0 ls9 ws1 gs6f4\">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 fc3 sc0 ls9 ws1 gs6f5\">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 fc3 sc0 ls57 ws46 gs6f6\">year.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6f7\">\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 fc3 sc0 ls57 ws46 gs6f8\">based on observable market data.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls9 ws1 gs6f9\">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 fc3 sc0 ls9 ws1 gs6fa\">cost or cost (undiscounted cash flows) as a reasonable approximation of fa<span class=\"_ _1\"></span>ir value.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffae fs5 fc3 sc0 ls57 ws46 gs6fb\">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=\"_ _2af\"> </span></span></div>4.5.2 Financial instruments and their fair value hierarchy classification<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Fair value<span class=\"_ _2af\"> </span>FVPL<span class=\"_ _2af\"> </span>FVOCI<span class=\"_ _2af\"> </span>hedging<span class=\"_ _2af\"> </span>cost<span class=\"_ _2af\"> </span>Total<span class=\"_ _2af\"> </span>At 31<span class=\"_ gs23c\"> </span>December 2023<span class=\"_ _2af\"> </span>Note<span class=\"_ _2af\"> </span>hierarchy<span class=\"_ _2af\"> </span>\u00a3m<span class=\"_ _2af\"> </span>\u00a3m<span class=\"_ _2af\"> </span>\u00a3m<span class=\"_ _2af\"> </span>\u00a3m<span class=\"_ _2af\"> </span>\u00a3m<span class=\"_ _2af\"> </span>\u00a3m<span class=\"_ _2af\"> </span>\u00a3m<span class=\"_ _2af\"> </span>Financial assets<span class=\"_ _2af\"> </span>Lease receivables<span class=\"_ _2af\"> </span>4.4.2<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>70.3<span class=\"_ _2af\"> </span>70.3<span class=\"_ _2af\"> </span>6.3<span class=\"_ _2af\"> </span>64.0<span class=\"_ _2af\"> </span>Cash flow hedges \u2013 foreign exchange contracts<span class=\"_ _2af\"> </span>4.2.4<span class=\"_ _2af\"> </span>Level-2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>1.8<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>1.8<span class=\"_ _2af\"> </span>1.4<span class=\"_ _2af\"> </span>0.4<span class=\"_ _2af\"> </span>Cash flow hedges \u2013 Interest rate swaps<span class=\"_ _2af\"> </span>4.2.4<span class=\"_ _2af\"> </span>Level-2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.1<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.1<span class=\"_ _2af\"> </span>0.1<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>Non-designated foreign exchange forwards and swaps<span class=\"_ _2af\"> </span>Level-2<span class=\"_ _2af\"> </span>0.3<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.3<span class=\"_ _2af\"> </span>0.3<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>Cross-currency interest rate swaps<span class=\"_ _2af\"> </span>a<span class=\"_ _2af\"> </span>Lev<span class=\"_ _2b\"></span>el-2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>14.5<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>14.5<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>14.5<span class=\"_ _2af\"> </span>Originated loans receivable<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span>0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.7<span class=\"_ _2af\"> </span>Financial assets at fair value through P&amp;L<span class=\"_ _2af\"> </span>Level-3<span class=\"_ _2af\"> </span>16.9<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>16.9<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>16.9<span class=\"_ _2af\"> </span>Financial assets at fair value through OCI<span class=\"_ _2af\"> </span>Level-3<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.7<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.7<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.7<span class=\"_ _2af\"> </span>Deferred consideration receivable<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>20.0<span class=\"_ _2af\"> </span>20.0<span class=\"_ _2af\"> </span>20.0<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>17.2<span class=\"_ _2af\"> </span>0.7<span class=\"_ _2af\"> </span>16.4<span class=\"_ _2af\"> </span>91.0<span class=\"_ _2af\"> </span>125.3<span class=\"_ _2af\"> </span>28.1<span class=\"_ _2af\"> </span>97.2<span class=\"_ _2af\"> </span>Other financial assets<span class=\"_ _2af\"> </span>Cash<span class=\"_ _2af\"> </span>4.5.4<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>155.4<span class=\"_ _2af\"> </span>155.4<span class=\"_ _2af\"> </span>155.4<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>Cash included within disposal group assets held for sale<span class=\"_ _2af\"> </span>2.8<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>7.2<span class=\"_ _2af\"> </span>7.2<span class=\"_ _2af\"> </span>7.2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>Total financial assets<span class=\"_ _2af\"> </span>17.2<span class=\"_ _2af\"> </span>0.7<span class=\"_ _2af\"> </span>16.4<span class=\"_ _2af\"> </span>253.6<span class=\"_ _2af\"> </span>287.9<span class=\"_ _2af\"> </span>190.7<span class=\"_ _2af\"> </span>97.2<span class=\"_ _2af\"> </span>Financial liabilities<span class=\"_ _2af\"> </span>Private placement loan notes<span class=\"_ _2af\"> </span>a<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>262.5<span class=\"_ _2af\"> </span>262.5<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>262.5<span class=\"_ _2af\"> </span>Other finance<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.<span class=\"_ _2b\"></span>1<span class=\"_ _2af\"> </span>0.<span class=\"_ _2b\"></span>1<span class=\"_ _2af\"> </span>0.1<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>Cash flow hedges \u2013 foreign exchange contracts<span class=\"_ _2af\"> </span>4.2.4<span class=\"_ _2af\"> </span>Level-2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>3.6<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>3.6<span class=\"_ _2af\"> </span>1.5<span class=\"_ _2af\"> </span>2.1<span class=\"_ _2af\"> </span>Cash flow hedges \u2013 currency swaps<span class=\"_ _2af\"> </span>4.2.4<span class=\"_ _2af\"> </span>Level-2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>1.2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>1.2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>1.2<span class=\"_ _2af\"> </span>Cash flow hedges \u2013 interest rate swaps<span class=\"_ _2af\"> </span>4.2.<span class=\"_ _2b\"></span>4<span class=\"_ _2af\"> </span>Level-<span class=\"_ _2b\"></span>2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.6<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.6<span class=\"_ _2af\"> </span>0.6<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>Non-designated foreign exchange forwards and swaps<span class=\"_ _2af\"> </span>Level-2<span class=\"_ _2af\"> </span>0.2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.2<span class=\"_ _2af\"> </span>0.1<span class=\"_ _2af\"> </span>0.1<span class=\"_ _2af\"> </span>Cross-currency interest rate swaps<span class=\"_ _2af\"> </span>a<span class=\"_ _2af\"> </span>Lev<span class=\"_ _2b\"></span>el-2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.9<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.9<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.9<span class=\"_ _2af\"> </span>Deferred consideration payable<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span>0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.7<span class=\"_ _2af\"> </span>Put options of non-controlling interests<span class=\"_ _2af\"> </span>c<span class=\"_ _2af\"> </span>Level-3<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>8.<span class=\"_ _2b\"></span>5<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>8.5<span class=\"_ _2af\"> </span>8.5<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.2<span class=\"_ _2af\"> </span>8.5<span class=\"_ _2af\"> </span>6.3<span class=\"_ _2af\"> </span>263.3<span class=\"_ _2af\"> </span>278.3<span class=\"_ _2af\"> </span>10.8<span class=\"_ _2af\"> </span>267.5<span class=\"_ _2af\"> </span>Other financial liabilities<span class=\"_ _2af\"> </span>Overdrafts<span class=\"_ _2af\"> </span>4.5.4<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>95.0<span class=\"_ _2af\"> </span>95.0<span class=\"_ _2af\"> </span>95.0<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>Lease liabilities<span class=\"_ _2af\"> </span>4.4.1<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>363.4<span class=\"_ _2af\"> </span>363.4<span class=\"_ _2af\"> </span>51.1<span class=\"_ _2af\"> </span>312.3<span class=\"_ _2af\"> </span>Total financial liabilities<span class=\"_ _2af\"> </span>0.2<span class=\"_ _2af\"> </span>8.5<span class=\"_ _2af\"> </span>6.3<span class=\"_ _2af\"> </span>721.7<span class=\"_ _2af\"> </span>736.7<span class=\"_ _2af\"> </span>156.9<span class=\"_ _2af\"> </span>579.8<span class=\"_ _2af\"> </span>Derivatives<span class=\"_ _2af\"> </span>used for<span class=\"_ _2af\"> </span>Amortised<span class=\"_ _2af\"> </span>Current<span class=\"_ _2af\"> </span>Non-<span class=\"_ _2af\"> </span>current<span class=\"_ _2af\"> </span>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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>The Group\u2019s key financial liabilities are set out below:<span class=\"_ _2af\"> </span>a. Private placement loan notes<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>b. Bank facilities<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>c. Put options of non-controlling interests<span class=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w23f had\" id=\"_f224f7fe-d382-43d7-9bfc-9a9e07cafef8\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x5c7 h3a y3840 ffb4 fs8 fc3 sc0 ls58 ws47\">Derivatives<span class=\"_ _2af\"> </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 xd8c h3a y3841 ffb4 fs8 fc3 sc0 ls58 ws47\">used for<span class=\"_ _2af\"> </span></td><td class=\"t m0 xa38 h3a y3841 ffb4 fs8 fc3 sc0 ls58 ws47\">Amortised<span class=\"_ _2af\"> </span></td><td></td><td></td><td class=\"t m0 xd8d h3a y3841 ffb4 fs8 fc3 sc0 ls58 ws47\">Non-<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x331 h3a y3842 ffb4 fs8 fc3 sc0 ls58 ws47\">Fair value<span class=\"_ _2af\"> </span></td><td class=\"t m0 x539 h3a y3842 ffb4 fs8 fc3 sc0 ls9 ws1\">FVPL<span class=\"_ _2af\"> </span></td><td class=\"t m0 xcc7 h3a y3842 ffb4 fs8 fc3 sc0 ls58 ws47\">FVOCI<span class=\"_ _2af\"> </span></td><td class=\"t m0 xd8c h3a y3842 ffb4 fs8 fc3 sc0 ls58 ws47\">hedging<span class=\"_ _2af\"> </span></td><td class=\"t m0 x52d h3a y3842 ffb4 fs8 fc3 sc0 ls9 ws1\">cost<span class=\"_ _2af\"> </span></td><td class=\"t m0 x32e h3a y3842 ffb4 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td><td class=\"t m0 x54d h3a y3842 ffb4 fs8 fc3 sc0 ls58 ws47\">Current<span class=\"_ _2af\"> </span></td><td class=\"t m0 x80e h3a y3842 ffb4 fs8 fc3 sc0 ls58 ws47\">current<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3843 w240 h6d\"><div class=\"t m0 x27a h3a y3517 ffb4 fs8 fc3 sc0 ls58 ws47\">At 31<span class=\"_ gs23c\"> </span>December 2022<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd8e y3843 w22d h6d\"><div class=\"t m0 x27a h3a y3517 ffb4 fs8 fc3 sc0 ls58 ws47\">Note<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 xac7 h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">hierarchy<span class=\"_ _2af\"> </span></td><td class=\"t m0 xccb h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xccc h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xccd h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x534 h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xcce h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x278 h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x54f h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y3845 ffb3 fs5 fc3 sc0 ls57 ws46\">Financial assets<span class=\"_ _2af\"> </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 x427 y3846 w221 h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Lease receivables<span class=\"_ _2af\"> </span></div></td><td class=\"c n xccf y3846 w56 h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">4.4.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd0 y3846 w62 h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd1 y3846 w72 h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd2 y3846 w36 h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd3 y3846 w8c h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd4 y3846 w3d h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">76.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd5 y3846 w3d h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">76.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd6 y3846 w26 h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">5.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd7 y3846 w3d h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">70.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3847 w22e h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Cash flow hedges \u2013 foreign exchange contracts<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd8 y3847 w56 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">4.2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd9 y3847 w22f h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Level-2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcda y3847 w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcdb y3847 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcdc y3847 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcdd y3847 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcde y3847 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcdf y3847 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">3.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xce0 y3847 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">2.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3848 w230 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Non-designated foreign exchange forwards and swaps<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcea y3848 w231 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Level-2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xceb y3848 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">5.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcec y3848 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xced y3848 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcee y3848 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcef y3848 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">5.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf0 y3848 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">4.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd5c y3848 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3849 w19c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf2 y3849 w232 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf3 y3849 w233 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Lev<span class=\"_ _2b\"></span>el-2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf4 y3849 w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf5 y3849 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf6 y3849 w3f h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">25.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf7 y3849 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf8 y3849 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">25.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd8f y3849 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">8.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd90 y3849 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">17.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y384a w234 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Originated loans receivable<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcfb y384a w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcfc y384a w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcfd y384a w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcfe y384a w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcff y384a w1bc h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd00 y384a w1d1 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd01 y384a w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd02 y384a w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y384b w235 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Financial assets at fair value through P&amp;L<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xd03 y384b w22f h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Level-3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd04 y384b w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">17.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd05 y384b w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd06 y384b w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd07 y384b w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd08 y384b w3f h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">17.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd09 y384b w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd0a y384b w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">17.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y384c w236 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Financial assets at fair value through OCI<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xd0b y384c w231 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Level-3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd0c y384c w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd0d y384c w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd0e y384c w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd0f y384c w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd10 y384c w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd11 y384c w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd12 y384c w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y384d w237 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Deferred consideration receivable<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xd13 y384d w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd14 y384d w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd15 y384d w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd16 y384d w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd17 y384d w3f h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">10.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd18 y384d w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">10.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd91 y384d w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">2.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd92 y384d w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">8.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n xd1b y384e w5d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">22.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd1c y384e w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd1d y384e w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">31.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd1e y384e w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">87.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd1f y384e w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">141.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd20 y384e w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">23.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd93 y384e w2d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">118.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y384f ffb3 fs5 fc3 sc0 ls57 ws46\">Other financial assets<span class=\"_ _2af\"> </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 x427 y3850 w6c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Cash<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd8 y3850 w56 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">4.5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd94 y3850 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd95 y3850 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd96 y3850 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd97 y3850 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd98 y3850 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">396.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd99 y3850 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">396.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd9a y3850 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">396.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd9b y3850 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3851 w239 h5b\"><div class=\"t m0 x27a h38 y343e ffb3 fs5 fc3 sc0 ls57 ws46\">Total financial assets<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xd33 y3851 w5d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">22.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd34 y3851 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd35 y3851 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">31.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd36 y3851 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">484.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd37 y3851 w2d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">538.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd38 y3851 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">420.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd9c y3851 w2d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">118.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y3852 ffb3 fs5 fc3 sc0 ls9 ws1\">Financial liabilities<span class=\"_ _2af\"> </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 x427 y3853 w199 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd3a y3853 w232 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd3b y3853 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd3c y3853 w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd3d y3853 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd3e y3853 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd3f y3853 w2d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">285.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd40 y3853 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">285.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd79 y3853 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">74.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd9d y3853 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">210.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3694 w19e h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Other finance<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xd43 y3694 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd44 y3694 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd45 y3694 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd46 y3694 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd47 y3694 w1d1 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd48 y3694 w1bc h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd6 y3694 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd49 y3694 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y375e w230 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Non-designated foreign exchange forwards and swaps<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcea y375e w231 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Level-2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xceb y375e w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcec y375e w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xced y375e w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcee y375e w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcef y375e w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf0 y375e w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf1 y375e w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3854 w19c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf2 y3854 w232 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf3 y3854 w233 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Lev<span class=\"_ _2b\"></span>el-2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf4 y3854 w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf5 y3854 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd5d y3854 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd5e y3854 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd5f y3854 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd60 y3854 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd61 y3854 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y35fa w1a0 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">Deferred consideration payable<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcfb y35fa w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcfc y35fa w72 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcfd y35fa w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcfe y35fa w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcff y35fa w1bc h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd00 y35fa w1d1 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd01 y35fa w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd02 y35fa w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y35fb w198 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">Put options of non-controlling interests<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd9e y35fb w23d h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">c<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd9f y35fb w231 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">Level-3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda0 y35fb w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda1 y35fb w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda2 y35fb w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda3 y35fb w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd10 y35fb w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda4 y35fb w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda5 y35fb w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n xd6b y356a w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd6c y356a w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd6d y356a w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd6e y356a w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">286.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd6f y356a w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">297.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd70 y356a w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">84.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd71 y356a w2d h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">212.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y3855 ffb3 fs5 fc3 sc0 ls9 ws1\">Other financial liabilities<span class=\"_ _2af\"> </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 x427 y356c w6e h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">Overdrafts<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd72 y356c w56 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">4.5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd73 y356c w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd74 y356c w72 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd75 y356c w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd76 y356c w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda6 y356c w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">219.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda7 y356c w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">219.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda8 y356c w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">219.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda9 y356c w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3560 w74 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd7b y3560 w56 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">4.4.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd7c y3560 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd7d y3560 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd7e y3560 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd7f y3560 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd80 y3560 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">397.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd81 y3560 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">397.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd82 y3560 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">55.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd83 y3560 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">341.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w23e h5f\"><div class=\"t m0 x27a h38 y3453 ffb3 fs5 fc3 sc0 ls9 ws1\">Total financial liabilities<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xd84 y3455 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd85 y3455 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd86 y3455 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd87 y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">904.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd88 y3455 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">914.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd89 y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">359.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd8a y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">554.5<span class=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w241 hae\" id=\"_d729e5d7-ed4e-4ce0-8432-165d4b82b47e\"><tr><td></td><td class=\"t m0 xdaa h3a y3856 ffb6 fs8 fc3 sc0 ls58 ws47\">Put options of </td><td class=\"t m0 xc64 h3a y3856 ffb6 fs8 fc3 sc0 ls58 ws47\">Investments<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x88a h3a y3857 ffb6 fs8 fc3 sc0 ls58 ws47\">non-controlling</td><td class=\"t m0 x506 h3a y3857 ffb6 fs8 fc3 sc0 ls58 ws47\"> FVPL and<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x4bb h3a y3858 ffb6 fs8 fc3 sc0 ls58 ws47\">interests</td><td class=\"t m0 x503 h3a y3858 ffb6 fs8 fc3 sc0 ls58 ws47\"> FVOCI<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2c5 h3a y3859 ffb6 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3859 ffb6 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y385a w242 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">At 1 January <span class=\"ls57 ws46\">2022<span class=\"_ _2af\"> </span></span></div></td><td class=\"c n x74f y385a w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">8.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98a y385a w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y385b w243 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">Change in put-options recognised in other comprehensive income<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdab y385b w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">0.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdac y385b w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y385c w1c1 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">Additions<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdad y385c w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdae y385c w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y385d w244 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">Reclassification from other investment categories<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdaf y385d w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ae y385d w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">0.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y385e w245 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">Gain in fair value recognised in income statement<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb0 y385e w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x992 y385e w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">5.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y385f w246 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">Gain in fair value recognised in other comprehensive income<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdad y385f w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdae y385f w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3860 w8a h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">At 31 December <span class=\"ls57 ws46\">2022<span class=\"_ _2af\"> </span></span></div></td><td class=\"c n x975 y3860 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7b8 y3860 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">18.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3861 w243 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">Change in put-options recognised in other comprehensive income<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb1 y3861 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffb5 fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x964 y3861 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffb5 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3862 w247 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">Disposals<span class=\"_ _2af\"> </span></div></td><td class=\"c n x73f y3862 w72 h5b\"><div class=\"t m0 x27a h38 y343e ffb5 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x740 y3862 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffb5 fs5 fc3 sc0 ls9 ws1\">(0.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3863 w246 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">Loss in fair value recognised in other comprehensive income<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdad y3863 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffb5 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x60b y3863 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffb5 fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w248 h64\"><div class=\"t m0 x27a h39 y34b5 ffb5 fs5 fc3 sc0 ls57 ws46\">At 31<span class=\"_ gs15\"> </span>December 2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb2 y3455 w62 h64\"><div class=\"t m0 x27a h39 y34b5 ffb5 fs5 fc3 sc0 ls57 ws46\">8.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2df y3455 w5d h64\"><div class=\"t m0 x27a h39 y34b5 ffb5 fs5 fc3 sc0 ls57 ws46\">17.6<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>The Group\u2019s financial assets and liabilities are classified based on the fo<span class=\"_ _1\"></span>llowing fair value hierarchy:<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span></span>4.5.2 Financial instruments and their fair value hierarchy classification<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Fair value<span class=\"_ _2af\"> </span>FVPL<span class=\"_ _2af\"> </span>FVOCI<span class=\"_ _2af\"> </span>hedging<span class=\"_ _2af\"> </span>cost<span class=\"_ _2af\"> </span>Total<span class=\"_ _2af\"> </span>At 31<span class=\"_ gs23c\"> </span>December 2023<span class=\"_ _2af\"> </span>Note<span class=\"_ _2af\"> </span>hierarchy<span class=\"_ _2af\"> </span>\u00a3m<span class=\"_ _2af\"> </span>\u00a3m<span class=\"_ _2af\"> </span>\u00a3m<span class=\"_ _2af\"> </span>\u00a3m<span class=\"_ _2af\"> </span>\u00a3m<span class=\"_ _2af\"> </span>\u00a3m<span class=\"_ _2af\"> </span>\u00a3m<span class=\"_ _2af\"> </span>Financial assets<span class=\"_ _2af\"> </span>Lease receivables<span class=\"_ _2af\"> </span>4.4.2<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>70.3<span class=\"_ _2af\"> </span>70.3<span class=\"_ _2af\"> </span>6.3<span class=\"_ _2af\"> </span>64.0<span class=\"_ _2af\"> </span>Cash flow hedges \u2013 foreign exchange contracts<span class=\"_ _2af\"> </span>4.2.4<span class=\"_ _2af\"> </span>Level-2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>1.8<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>1.8<span class=\"_ _2af\"> </span>1.4<span class=\"_ _2af\"> </span>0.4<span class=\"_ _2af\"> </span>Cash flow hedges \u2013 Interest rate swaps<span class=\"_ _2af\"> </span>4.2.4<span class=\"_ _2af\"> </span>Level-2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.1<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.1<span class=\"_ _2af\"> </span>0.1<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>Non-designated foreign exchange forwards and swaps<span class=\"_ _2af\"> </span>Level-2<span class=\"_ _2af\"> </span>0.3<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.3<span class=\"_ _2af\"> </span>0.3<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>Cross-currency interest rate swaps<span class=\"_ _2af\"> </span>a<span class=\"_ _2af\"> </span>Lev<span class=\"_ _2b\"></span>el-2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>14.5<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>14.5<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>14.5<span class=\"_ _2af\"> </span>Originated loans receivable<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span>0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.7<span class=\"_ _2af\"> </span>Financial assets at fair value through P&amp;L<span class=\"_ _2af\"> </span>Level-3<span class=\"_ _2af\"> </span>16.9<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>16.9<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>16.9<span class=\"_ _2af\"> </span>Financial assets at fair value through OCI<span class=\"_ _2af\"> </span>Level-3<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.7<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.7<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.7<span class=\"_ _2af\"> </span>Deferred consideration receivable<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>20.0<span class=\"_ _2af\"> </span>20.0<span class=\"_ _2af\"> </span>20.0<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>17.2<span class=\"_ _2af\"> </span>0.7<span class=\"_ _2af\"> </span>16.4<span class=\"_ _2af\"> </span>91.0<span class=\"_ _2af\"> </span>125.3<span class=\"_ _2af\"> </span>28.1<span class=\"_ _2af\"> </span>97.2<span class=\"_ _2af\"> </span>Other financial assets<span class=\"_ _2af\"> </span>Cash<span class=\"_ _2af\"> </span>4.5.4<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>155.4<span class=\"_ _2af\"> </span>155.4<span class=\"_ _2af\"> </span>155.4<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>Cash included within disposal group assets held for sale<span class=\"_ _2af\"> </span>2.8<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>7.2<span class=\"_ _2af\"> </span>7.2<span class=\"_ _2af\"> </span>7.2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>Total financial assets<span class=\"_ _2af\"> </span>17.2<span class=\"_ _2af\"> </span>0.7<span class=\"_ _2af\"> </span>16.4<span class=\"_ _2af\"> </span>253.6<span class=\"_ _2af\"> </span>287.9<span class=\"_ _2af\"> </span>190.7<span class=\"_ _2af\"> </span>97.2<span class=\"_ _2af\"> </span>Financial liabilities<span class=\"_ _2af\"> </span>Private placement loan notes<span class=\"_ _2af\"> </span>a<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>262.5<span class=\"_ _2af\"> </span>262.5<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>262.5<span class=\"_ _2af\"> </span>Other finance<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.<span class=\"_ _2b\"></span>1<span class=\"_ _2af\"> </span>0.<span class=\"_ _2b\"></span>1<span class=\"_ _2af\"> </span>0.1<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>Cash flow hedges \u2013 foreign exchange contracts<span class=\"_ _2af\"> </span>4.2.4<span class=\"_ _2af\"> </span>Level-2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>3.6<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>3.6<span class=\"_ _2af\"> </span>1.5<span class=\"_ _2af\"> </span>2.1<span class=\"_ _2af\"> </span>Cash flow hedges \u2013 currency swaps<span class=\"_ _2af\"> </span>4.2.4<span class=\"_ _2af\"> </span>Level-2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>1.2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>1.2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>1.2<span class=\"_ _2af\"> </span>Cash flow hedges \u2013 interest rate swaps<span class=\"_ _2af\"> </span>4.2.<span class=\"_ _2b\"></span>4<span class=\"_ _2af\"> </span>Level-<span class=\"_ _2b\"></span>2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.6<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.6<span class=\"_ _2af\"> </span>0.6<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>Non-designated foreign exchange forwards and swaps<span class=\"_ _2af\"> </span>Level-2<span class=\"_ _2af\"> </span>0.2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.2<span class=\"_ _2af\"> </span>0.1<span class=\"_ _2af\"> </span>0.1<span class=\"_ _2af\"> </span>Cross-currency interest rate swaps<span class=\"_ _2af\"> </span>a<span class=\"_ _2af\"> </span>Lev<span class=\"_ _2b\"></span>el-2<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.9<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.9<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.9<span class=\"_ _2af\"> </span>Deferred consideration payable<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span>0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.7<span class=\"_ _2af\"> </span>Put options of non-controlling interests<span class=\"_ _2af\"> </span>c<span class=\"_ _2af\"> </span>Level-3<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>8.<span class=\"_ _2b\"></span>5<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>8.5<span class=\"_ _2af\"> </span>8.5<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>0.2<span class=\"_ _2af\"> </span>8.5<span class=\"_ _2af\"> </span>6.3<span class=\"_ _2af\"> </span>263.3<span class=\"_ _2af\"> </span>278.3<span class=\"_ _2af\"> </span>10.8<span class=\"_ _2af\"> </span>267.5<span class=\"_ _2af\"> </span>Other financial liabilities<span class=\"_ _2af\"> </span>Overdrafts<span class=\"_ _2af\"> </span>4.5.4<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>95.0<span class=\"_ _2af\"> </span>95.0<span class=\"_ _2af\"> </span>95.0<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>Lease liabilities<span class=\"_ _2af\"> </span>4.4.1<span class=\"_ _2af\"> </span>n/a<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>\u2014<span class=\"_ _2af\"> </span>363.4<span class=\"_ _2af\"> </span>363.4<span class=\"_ _2af\"> </span>51.1<span class=\"_ _2af\"> </span>312.3<span class=\"_ _2af\"> </span>Total financial liabilities<span class=\"_ _2af\"> </span>0.2<span class=\"_ _2af\"> </span>8.5<span class=\"_ _2af\"> </span>6.3<span class=\"_ _2af\"> </span>721.7<span class=\"_ _2af\"> </span>736.7<span class=\"_ _2af\"> </span>156.9<span class=\"_ _2af\"> </span>579.8<span class=\"_ _2af\"> </span>Derivatives<span class=\"_ _2af\"> </span>used for<span class=\"_ _2af\"> </span>Amortised<span class=\"_ _2af\"> </span>Current<span class=\"_ _2af\"> </span>Non-<span class=\"_ _2af\"> </span>current<span class=\"_ _2af\"> </span>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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>The Group\u2019s key financial liabilities are set out below:<span class=\"_ _2af\"> </span>a. Private placement loan notes<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>b. Bank facilities<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>c. Put options of non-controlling interests<span class=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w23f had\" id=\"_f224f7fe-d382-43d7-9bfc-9a9e07cafef8\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x5c7 h3a y3840 ffb4 fs8 fc3 sc0 ls58 ws47\">Derivatives<span class=\"_ _2af\"> </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 xd8c h3a y3841 ffb4 fs8 fc3 sc0 ls58 ws47\">used for<span class=\"_ _2af\"> </span></td><td class=\"t m0 xa38 h3a y3841 ffb4 fs8 fc3 sc0 ls58 ws47\">Amortised<span class=\"_ _2af\"> </span></td><td></td><td></td><td class=\"t m0 xd8d h3a y3841 ffb4 fs8 fc3 sc0 ls58 ws47\">Non-<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x331 h3a y3842 ffb4 fs8 fc3 sc0 ls58 ws47\">Fair value<span class=\"_ _2af\"> </span></td><td class=\"t m0 x539 h3a y3842 ffb4 fs8 fc3 sc0 ls9 ws1\">FVPL<span class=\"_ _2af\"> </span></td><td class=\"t m0 xcc7 h3a y3842 ffb4 fs8 fc3 sc0 ls58 ws47\">FVOCI<span class=\"_ _2af\"> </span></td><td class=\"t m0 xd8c h3a y3842 ffb4 fs8 fc3 sc0 ls58 ws47\">hedging<span class=\"_ _2af\"> </span></td><td class=\"t m0 x52d h3a y3842 ffb4 fs8 fc3 sc0 ls9 ws1\">cost<span class=\"_ _2af\"> </span></td><td class=\"t m0 x32e h3a y3842 ffb4 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td><td class=\"t m0 x54d h3a y3842 ffb4 fs8 fc3 sc0 ls58 ws47\">Current<span class=\"_ _2af\"> </span></td><td class=\"t m0 x80e h3a y3842 ffb4 fs8 fc3 sc0 ls58 ws47\">current<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3843 w240 h6d\"><div class=\"t m0 x27a h3a y3517 ffb4 fs8 fc3 sc0 ls58 ws47\">At 31<span class=\"_ gs23c\"> </span>December 2022<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd8e y3843 w22d h6d\"><div class=\"t m0 x27a h3a y3517 ffb4 fs8 fc3 sc0 ls58 ws47\">Note<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 xac7 h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">hierarchy<span class=\"_ _2af\"> </span></td><td class=\"t m0 xccb h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xccc h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xccd h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x534 h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xcce h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x278 h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x54f h3a y3844 ffb4 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y3845 ffb3 fs5 fc3 sc0 ls57 ws46\">Financial assets<span class=\"_ _2af\"> </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 x427 y3846 w221 h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Lease receivables<span class=\"_ _2af\"> </span></div></td><td class=\"c n xccf y3846 w56 h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">4.4.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd0 y3846 w62 h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd1 y3846 w72 h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd2 y3846 w36 h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd3 y3846 w8c h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd4 y3846 w3d h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">76.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd5 y3846 w3d h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">76.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd6 y3846 w26 h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">5.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd7 y3846 w3d h5c\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">70.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3847 w22e h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Cash flow hedges \u2013 foreign exchange contracts<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd8 y3847 w56 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">4.2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd9 y3847 w22f h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Level-2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcda y3847 w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcdb y3847 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcdc y3847 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcdd y3847 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcde y3847 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcdf y3847 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">3.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xce0 y3847 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">2.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3848 w230 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Non-designated foreign exchange forwards and swaps<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcea y3848 w231 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Level-2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xceb y3848 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">5.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcec y3848 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xced y3848 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcee y3848 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcef y3848 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">5.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf0 y3848 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">4.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd5c y3848 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3849 w19c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf2 y3849 w232 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf3 y3849 w233 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Lev<span class=\"_ _2b\"></span>el-2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf4 y3849 w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf5 y3849 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf6 y3849 w3f h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">25.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf7 y3849 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf8 y3849 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">25.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd8f y3849 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">8.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd90 y3849 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">17.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y384a w234 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Originated loans receivable<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcfb y384a w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcfc y384a w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcfd y384a w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcfe y384a w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcff y384a w1bc h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd00 y384a w1d1 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd01 y384a w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd02 y384a w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y384b w235 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Financial assets at fair value through P&amp;L<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xd03 y384b w22f h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Level-3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd04 y384b w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">17.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd05 y384b w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd06 y384b w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd07 y384b w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd08 y384b w3f h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">17.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd09 y384b w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd0a y384b w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">17.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y384c w236 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Financial assets at fair value through OCI<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xd0b y384c w231 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Level-3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd0c y384c w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd0d y384c w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd0e y384c w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd0f y384c w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd10 y384c w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd11 y384c w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd12 y384c w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y384d w237 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Deferred consideration receivable<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xd13 y384d w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd14 y384d w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd15 y384d w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd16 y384d w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd17 y384d w3f h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">10.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd18 y384d w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">10.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd91 y384d w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">2.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd92 y384d w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">8.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n xd1b y384e w5d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">22.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd1c y384e w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd1d y384e w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">31.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd1e y384e w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">87.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd1f y384e w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">141.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd20 y384e w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">23.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd93 y384e w2d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">118.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y384f ffb3 fs5 fc3 sc0 ls57 ws46\">Other financial assets<span class=\"_ _2af\"> </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 x427 y3850 w6c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Cash<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd8 y3850 w56 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">4.5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd94 y3850 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd95 y3850 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd96 y3850 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd97 y3850 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd98 y3850 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">396.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd99 y3850 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">396.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd9a y3850 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">396.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd9b y3850 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3851 w239 h5b\"><div class=\"t m0 x27a h38 y343e ffb3 fs5 fc3 sc0 ls57 ws46\">Total financial assets<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xd33 y3851 w5d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">22.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd34 y3851 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd35 y3851 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">31.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd36 y3851 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">484.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd37 y3851 w2d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">538.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd38 y3851 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">420.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd9c y3851 w2d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">118.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y3852 ffb3 fs5 fc3 sc0 ls9 ws1\">Financial liabilities<span class=\"_ _2af\"> </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 x427 y3853 w199 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd3a y3853 w232 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd3b y3853 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd3c y3853 w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd3d y3853 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd3e y3853 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd3f y3853 w2d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">285.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd40 y3853 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">285.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd79 y3853 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">74.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd9d y3853 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">210.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3694 w19e h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Other finance<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xd43 y3694 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd44 y3694 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd45 y3694 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd46 y3694 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd47 y3694 w1d1 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd48 y3694 w1bc h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcd6 y3694 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd49 y3694 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y375e w230 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Non-designated foreign exchange forwards and swaps<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcea y375e w231 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Level-2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xceb y375e w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcec y375e w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xced y375e w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcee y375e w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcef y375e w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf0 y375e w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf1 y375e w8c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3854 w19c h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf2 y3854 w232 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf3 y3854 w233 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">Lev<span class=\"_ _2b\"></span>el-2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf4 y3854 w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcf5 y3854 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd5d y3854 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd5e y3854 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd5f y3854 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd60 y3854 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd61 y3854 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffb4 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y35fa w1a0 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">Deferred consideration payable<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xcfb y35fa w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcfc y35fa w72 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcfd y35fa w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcfe y35fa w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xcff y35fa w1bc h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd00 y35fa w1d1 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">0.<span class=\"_ _2b\"></span>7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd01 y35fa w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd02 y35fa w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">0.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y35fb w198 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">Put options of non-controlling interests<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd9e y35fb w23d h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">c<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd9f y35fb w231 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">Level-3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda0 y35fb w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda1 y35fb w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda2 y35fb w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda3 y35fb w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd10 y35fb w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda4 y35fb w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda5 y35fb w8c h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n xd6b y356a w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd6c y356a w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd6d y356a w26 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd6e y356a w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">286.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd6f y356a w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">297.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd70 y356a w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">84.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd71 y356a w2d h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">212.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y3855 ffb3 fs5 fc3 sc0 ls9 ws1\">Other financial liabilities<span class=\"_ _2af\"> </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 x427 y356c w6e h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">Overdrafts<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd72 y356c w56 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">4.5.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd73 y356c w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd74 y356c w72 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd75 y356c w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd76 y356c w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda6 y356c w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">219.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda7 y356c w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">219.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda8 y356c w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">219.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xda9 y356c w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3560 w74 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd7b y3560 w56 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">4.4.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd7c y3560 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">n/a<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd7d y3560 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd7e y3560 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd7f y3560 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd80 y3560 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">397.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd81 y3560 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">397.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd82 y3560 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">55.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd83 y3560 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">341.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w23e h5f\"><div class=\"t m0 x27a h38 y3453 ffb3 fs5 fc3 sc0 ls9 ws1\">Total financial liabilities<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xd84 y3455 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd85 y3455 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd86 y3455 w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd87 y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">904.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd88 y3455 w2d h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">914.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd89 y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">359.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xd8a y3455 w3b h5e\"><div class=\"t m0 x27a h38 y3453 ffb4 fs5 fc3 sc0 ls57 ws46\">554.5<span class=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w241 hae\" id=\"_d729e5d7-ed4e-4ce0-8432-165d4b82b47e\"><tr><td></td><td class=\"t m0 xdaa h3a y3856 ffb6 fs8 fc3 sc0 ls58 ws47\">Put options of </td><td class=\"t m0 xc64 h3a y3856 ffb6 fs8 fc3 sc0 ls58 ws47\">Investments<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x88a h3a y3857 ffb6 fs8 fc3 sc0 ls58 ws47\">non-controlling</td><td class=\"t m0 x506 h3a y3857 ffb6 fs8 fc3 sc0 ls58 ws47\"> FVPL and<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x4bb h3a y3858 ffb6 fs8 fc3 sc0 ls58 ws47\">interests</td><td class=\"t m0 x503 h3a y3858 ffb6 fs8 fc3 sc0 ls58 ws47\"> FVOCI<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2c5 h3a y3859 ffb6 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3859 ffb6 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y385a w242 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">At 1 January <span class=\"ls57 ws46\">2022<span class=\"_ _2af\"> </span></span></div></td><td class=\"c n x74f y385a w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">8.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x98a y385a w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y385b w243 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">Change in put-options recognised in other comprehensive income<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdab y385b w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">0.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdac y385b w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y385c w1c1 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">Additions<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdad y385c w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdae y385c w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y385d w244 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">Reclassification from other investment categories<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdaf y385d w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x9ae y385d w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">0.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y385e w245 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">Gain in fair value recognised in income statement<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb0 y385e w72 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x992 y385e w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">5.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y385f w246 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">Gain in fair value recognised in other comprehensive income<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdad y385f w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdae y385f w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3860 w8a h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">At 31 December <span class=\"ls57 ws46\">2022<span class=\"_ _2af\"> </span></span></div></td><td class=\"c n x975 y3860 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">9.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x7b8 y3860 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">18.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3861 w243 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls57 ws46\">Change in put-options recognised in other comprehensive income<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb1 y3861 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffb5 fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x964 y3861 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffb5 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3862 w247 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">Disposals<span class=\"_ _2af\"> </span></div></td><td class=\"c n x73f y3862 w72 h5b\"><div class=\"t m0 x27a h38 y343e ffb5 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x740 y3862 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffb5 fs5 fc3 sc0 ls9 ws1\">(0.3)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3863 w246 h5d\"><div class=\"t m0 x27a h38 y343e ffb6 fs5 fc3 sc0 ls9 ws1\">Loss in fair value recognised in other comprehensive income<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdad y3863 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffb5 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x60b y3863 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffb5 fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w248 h64\"><div class=\"t m0 x27a h39 y34b5 ffb5 fs5 fc3 sc0 ls57 ws46\">At 31<span class=\"_ gs15\"> </span>December 2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb2 y3455 w62 h64\"><div class=\"t m0 x27a h39 y34b5 ffb5 fs5 fc3 sc0 ls57 ws46\">8.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2df y3455 w5d h64\"><div class=\"t m0 x27a h39 y34b5 ffb5 fs5 fc3 sc0 ls57 ws46\">17.6<span class=\"_ _2af\"> </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 fc1 sc0 ls9 ws1 gs73e\">4.6 Issued share capital<span class=\"_ _2af\"> </span></div><div class=\"gs73f\"><table class=\"s w5b hb1\" id=\"_19e3c4b6-41e0-4617-b07f-cd510c737a6f\"><tr><td></td><td class=\"t m0 x762 h3b y3876 ffb7 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7e9 h3a y3876 ffb8 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 x3c8 h3b y3876 ffb7 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y3876 ffb8 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y3877 ffb7 fs5 fc3 sc0 ls9 ws1\">Allotted, called up and fully paid<span class=\"_ _2af\"> </span></td><td class=\"t m0 x762 h3b y3878 ffb7 fs8 fc3 sc0 ls58 ws47\">\u2116 m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7e9 h3a y3878 ffb8 fs8 fc3 sc0 ls58 ws47\">\u2116 m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3b y3878 ffb7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3878 ffb8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c x27b y356c w257 hb2\"><div class=\"t m0 x27a h38 y3879 ffb8 fs5 fc3 sc0 ls9 ws1\">Ordinary shares of 2 1/15p each<span class=\"_ _2af\"> </span></div><div class=\"t m0 xdcc h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdcd y356c w27 h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls57 ws46\">1,684.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdce y356c w8b h5c\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls57 ws46\">1,684.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdcf y356c w3d h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls57 ws46\">34.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdd0 y356c w3d h5c\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls57 ws46\">34.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3560 w258 h5c\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">Issue of share capital<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdd1 y3560 w5d h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls57 ws46\">17.0</div></td><td class=\"t m0 xdd2 h38 y387a ffb8 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _f9\"> </span>\u2014 </td><td class=\"t m0 x662 h39 y387b ffb7 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _19f\"> </span>0.4 </td><td class=\"t m0 x442 h38 y387a ffb8 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _f9\"> </span>\u2014 </td></tr><tr><td class=\"c n x427 y3455 w173 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdd3 y3455 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls57 ws46\">1,701.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdd4 y3455 w8b h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls57 ws46\">1,684.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdd5 y3455 w5d h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls57 ws46\">35.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdd6 y3455 w5d h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls57 ws46\">34.8<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"gs740\"><table class=\"s w5b hb3\" id=\"_acbedb4c-3ca3-4ad0-a7db-f19d0a381430\"><tr><td></td><td class=\"t m0 x3c8 h3b y387c ffb7 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y387c ffb8 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y387d ffb7 fs5 fc3 sc0 ls57 ws46\">Share premium<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3b y387e ffb7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y387e ffb8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c x27b y35e6 w257 hb4\"><div class=\"t m0 x27a h38 y3879 ffb8 fs5 fc3 sc0 ls9 ws1\">Ordinary shares of 2 1/15p each<span class=\"_ _2af\"> </span></div><div class=\"t m0 xdcc h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdd7 y35e6 w8b h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls57 ws46\">1,145.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdd8 y35e6 w27 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls57 ws46\">1,145.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3455 w173 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdd9 y3455 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls57 ws46\">1,145.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdda y3455 w27 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls57 ws46\">1,145.5<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"gs741\"><table class=\"s w259 hb5\" id=\"_b5c4b4b4-711c-49ca-8432-970f66234f5b\"><tr><td></td><td class=\"t m0 x762 h3b y387f ffb7 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7e9 h3a y387f ffb8 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 x3c8 h3b y387f ffb7 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y387f ffb8 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y3880 ffb7 fs5 fc3 sc0 ls57 ws46\">Employee benefit trust shares<span class=\"_ _2af\"> </span></td><td class=\"t m0 x762 h3b y3881 ffb7 fs8 fc3 sc0 ls58 ws47\">\u2116 m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7e9 h3a y3881 ffb8 fs8 fc3 sc0 ls58 ws47\">\u2116 m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3b y3881 ffb7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3881 ffb8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h38 y3882 ffb8 fs5 fc3 sc0 ls9 ws1\">Ordinary shares of 2 1/15p<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x427 y35b0 w1b3 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n xddb y35b0 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls57 ws46\">9.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xddc y35b0 w5d h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls57 ws46\">18.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xddd y35b0 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls9 ws1\">(4.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdde y35b0 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">(8.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y35b1 w25a h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls57 ws46\">Shares purchased<span class=\"_ _2af\"> </span></div></td><td class=\"c n xddf y35b1 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls57 ws46\">17.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xde0 y35b1 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xde1 y35b1 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls9 ws1\">(0.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xde2 y35b1 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y35b2 w25b h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">Issued on exercise of share options<span class=\"_ _2af\"> </span></div></td><td class=\"c n xde3 y35b2 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls9 ws1\">(9.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xde4 y35b2 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">(8.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xde5 y35b2 w62 h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls57 ws46\">3.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xde6 y35b2 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls57 ws46\">3.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3455 w173 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xde7 y3455 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls57 ws46\">16.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xde8 y3455 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls57 ws46\">9.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xde9 y3455 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdea y3455 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">(4.2)<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffb8 fs5 fc3 sc0 ls9 ws1 gs742\">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 fc3 sc0 ls9 ws1 gs743\">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 fc3 sc0 ls57 ws46 gs744\">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 fc3 sc0 ls9 ws1 gs745\">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 fc3 sc0 ls57 ws46 gs746\">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 fc3 sc0 ls9 ws1 gs747\">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 fc3 sc0 ls9 ws1 gs748\">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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffb8 fs5 fc3 sc0 ls9 ws1 gs749\">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=\"_ _2af\"> </span><table class=\"s w5b hb1\" id=\"_19e3c4b6-41e0-4617-b07f-cd510c737a6f\"><tr><td></td><td class=\"t m0 x762 h3b y3876 ffb7 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7e9 h3a y3876 ffb8 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 x3c8 h3b y3876 ffb7 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y3876 ffb8 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y3877 ffb7 fs5 fc3 sc0 ls9 ws1\">Allotted, called up and fully paid<span class=\"_ _2af\"> </span></td><td class=\"t m0 x762 h3b y3878 ffb7 fs8 fc3 sc0 ls58 ws47\">\u2116 m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7e9 h3a y3878 ffb8 fs8 fc3 sc0 ls58 ws47\">\u2116 m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3b y3878 ffb7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3878 ffb8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c x27b y356c w257 hb2\"><div class=\"t m0 x27a h38 y3879 ffb8 fs5 fc3 sc0 ls9 ws1\">Ordinary shares of 2 1/15p each<span class=\"_ _2af\"> </span></div><div class=\"t m0 xdcc h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdcd y356c w27 h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls57 ws46\">1,684.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdce y356c w8b h5c\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls57 ws46\">1,684.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdcf y356c w3d h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls57 ws46\">34.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdd0 y356c w3d h5c\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls57 ws46\">34.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3560 w258 h5c\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">Issue of share capital<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdd1 y3560 w5d h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls57 ws46\">17.0</div></td><td class=\"t m0 xdd2 h38 y387a ffb8 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _f9\"> </span>\u2014 </td><td class=\"t m0 x662 h39 y387b ffb7 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _19f\"> </span>0.4 </td><td class=\"t m0 x442 h38 y387a ffb8 fs5 fc3 sc0 ls9 ws1\"> <span class=\"_ _f9\"> </span>\u2014 </td></tr><tr><td class=\"c n x427 y3455 w173 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdd3 y3455 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls57 ws46\">1,701.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdd4 y3455 w8b h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls57 ws46\">1,684.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdd5 y3455 w5d h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls57 ws46\">35.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdd6 y3455 w5d h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls57 ws46\">34.8<span class=\"_ _2af\"> </span></div></td></tr></table><table class=\"s w5b hb3\" id=\"_acbedb4c-3ca3-4ad0-a7db-f19d0a381430\"><tr><td></td><td class=\"t m0 x3c8 h3b y387c ffb7 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y387c ffb8 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y387d ffb7 fs5 fc3 sc0 ls57 ws46\">Share premium<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3b y387e ffb7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y387e ffb8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c x27b y35e6 w257 hb4\"><div class=\"t m0 x27a h38 y3879 ffb8 fs5 fc3 sc0 ls9 ws1\">Ordinary shares of 2 1/15p each<span class=\"_ _2af\"> </span></div><div class=\"t m0 xdcc h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdd7 y35e6 w8b h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls57 ws46\">1,145.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdd8 y35e6 w27 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls57 ws46\">1,145.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3455 w173 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdd9 y3455 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls57 ws46\">1,145.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdda y3455 w27 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls57 ws46\">1,145.5<span class=\"_ _2af\"> </span></div></td></tr></table><table class=\"s w259 hb5\" id=\"_b5c4b4b4-711c-49ca-8432-970f66234f5b\"><tr><td></td><td class=\"t m0 x762 h3b y387f ffb7 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7e9 h3a y387f ffb8 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 x3c8 h3b y387f ffb7 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y387f ffb8 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y3880 ffb7 fs5 fc3 sc0 ls57 ws46\">Employee benefit trust shares<span class=\"_ _2af\"> </span></td><td class=\"t m0 x762 h3b y3881 ffb7 fs8 fc3 sc0 ls58 ws47\">\u2116 m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7e9 h3a y3881 ffb8 fs8 fc3 sc0 ls58 ws47\">\u2116 m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c5 h3b y3881 ffb7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3881 ffb8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h38 y3882 ffb8 fs5 fc3 sc0 ls9 ws1\">Ordinary shares of 2 1/15p<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x427 y35b0 w1b3 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n xddb y35b0 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls57 ws46\">9.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xddc y35b0 w5d h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls57 ws46\">18.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xddd y35b0 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls9 ws1\">(4.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdde y35b0 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">(8.0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y35b1 w25a h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls57 ws46\">Shares purchased<span class=\"_ _2af\"> </span></div></td><td class=\"c n xddf y35b1 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls57 ws46\">17.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xde0 y35b1 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xde1 y35b1 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls9 ws1\">(0.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xde2 y35b1 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y35b2 w25b h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">Issued on exercise of share options<span class=\"_ _2af\"> </span></div></td><td class=\"c n xde3 y35b2 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls9 ws1\">(9.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xde4 y35b2 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">(8.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xde5 y35b2 w62 h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls57 ws46\">3.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xde6 y35b2 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls57 ws46\">3.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x427 y3455 w173 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xde7 y3455 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls57 ws46\">16.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xde8 y3455 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls57 ws46\">9.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xde9 y3455 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffb7 fs5 fc3 sc0 ls9 ws1\">(0.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdea y3455 wa8 h5d\"><div class=\"t m0 x27a h38 y343e ffb8 fs5 fc3 sc0 ls9 ws1\">(4.2)<span class=\"_ _2af\"> </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=\"_ _2af\"> </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 fc1 sc0 ls9 ws1 gs74b\">4.7 Group composition and non-controlling interests<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffb8 fs5 fc3 sc0 ls9 ws1 gs74c\">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 fc3 sc0 ls57 ws46 gs74d\">pages 221, 222 and 225 to 228. </div><div class=\"t m0 h38 ffb8 fs5 fc3 sc0 ls9 ws1 gs74e\">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 fc3 sc0 ls9 ws1 gs74f\">that, other than the entity commented on below, in each case the Gro<span class=\"_ _1\"></span>up exercises de facto control.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffb8 fs5 fc3 sc0 ls9 ws1 gs750\">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 fc3 sc0 ls9 ws1 gs751\">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 fc3 sc0 ls9 ws1 gs752\">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 fc3 sc0 ls9 ws1 gs753\">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 fc3 sc0 ls9 ws1 gs754\">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 fc3 sc0 ls9 ws1 gs755\">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 fc3 sc0 ls9 ws1 gs756\">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 fc3 sc0 ls9 ws1 gs757\">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 fc3 sc0 ls9 ws1 gs758\">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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>The Group operates a number of executive and employee equity-settled share schemes.<span class=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Deferred annual bonus plan<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>The value of deferred shares is determined by the pay-out under the annual bonus scheme: half of t<span class=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Long-term incentive plans (LTIPs)<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><div class=\"t m0 h39 ffbe fs5 fc1 sc0 ls57 ws46 gs793\">Capita Executive Plan 2021<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc3 sc0 ls9 ws1 gs794\">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 fc3 sc0 ls9 ws1 gs795\">share awards (RSAs) are granted to executives.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc3 sc0 ls9 ws1 gs796\">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 fc3 sc0 ls9 ws1 gs797\">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 fc3 sc0 ls9 ws1 gs798\">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 fc3 sc0 ls9 ws1 gs799\">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 fc3 sc0 ls57 ws46 gs79a\">performance period.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc3 sc0 ls9 ws1 gs79b\">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 fc3 sc0 ls9 ws1 gs79c\">set out in the directors\u2019 remuneration report, on page<span class=\"_ _1\"></span><span class=\"ls57 ws46\"> 111.<span class=\"_ _2af\"> </span></span></div><div class=\"gs79d\"><table class=\"s w260 hb8\" id=\"_ec14bccc-64eb-4fe0-9f88-44c39c08d5ce\"><tr><td></td><td class=\"t m0 x3c8 h3b y3887 ffbe fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y3888 ffbf fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x3c8 h3b y3889 ffbe fs8 fc3 sc0 ls58 ws47\">\u2116 m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xdfc h3a y3889 ffbf fs8 fc3 sc0 ls58 ws47\">\u2116 m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y35fb w261 h5d\"><div class=\"t m0 x27a h38 y343e ffbf fs5 fc3 sc0 ls57 ws46\">Outstanding at 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2c8 y35fb w5d h5b\"><div class=\"t m0 x27a h38 y343e ffbe fs5 fc3 sc0 ls57 ws46\">41.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2dc y35fb w5d h5d\"><div class=\"t m0 x27a h38 y343e ffbf fs5 fc3 sc0 ls57 ws46\">46.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y388a w262 h5d\"><div class=\"t m0 x27a h38 y343e ffbf fs5 fc3 sc0 ls57 ws46\">Awarded during the year<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4dd y388a w5d h5b\"><div class=\"t m0 x27a h38 y343e ffbe fs5 fc3 sc0 ls57 ws46\">16.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdfd y388a w5d h5d\"><div class=\"t m0 x27a h38 y343e ffbf fs5 fc3 sc0 ls57 ws46\">28.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y355e w263 h5d\"><div class=\"t m0 x27a h38 y343e ffbf fs5 fc3 sc0 ls9 ws1\">Exercised<span class=\"_ _2af\"> </span></div></td><td class=\"c n x738 y355e wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffbe fs5 fc3 sc0 ls9 ws1\">(9.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x739 y355e wa8 h5d\"><div class=\"t m0 x27a h38 y343e ffbf fs5 fc3 sc0 ls9 ws1\">(8.8)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y355f w264 h5d\"><div class=\"t m0 x27a h38 y343e ffbf fs5 fc3 sc0 ls57 ws46\">Lapses<span class=\"_ _2af\"> </span></div></td><td class=\"c n x738 y355f wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffbe fs5 fc3 sc0 ls9 ws1\">(7.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x3d8 y355f w34 h5d\"><div class=\"t m0 x27a h38 y343e ffbf fs5 fc3 sc0 ls57 ws46\">(24.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3560 w265 h5d\"><div class=\"t m0 x27a h38 y343e ffbf fs5 fc3 sc0 ls57 ws46\">Outstanding at 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n x447 y3560 w5d h5b\"><div class=\"t m0 x27a h38 y343e ffbe fs5 fc3 sc0 ls57 ws46\">41.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n x448 y3560 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffbf fs5 fc3 sc0 ls57 ws46\">41.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w266 h5d\"><div class=\"t m0 x27a h38 y343e ffbf fs5 fc3 sc0 ls9 ws1\">Exercisable at 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdfe y3455 w72 h5b\"><div class=\"t m0 x27a h38 y343e ffbe fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdff y3455 w72 h5d\"><div class=\"t m0 x27a h38 y343e ffbf fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffbf fs5 fc3 sc0 ls57 ws46 gs79e\">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 fc3 sc0 ls57 ws46 gs79f\">1.1<span class=\"ls9 ws1\"> years (</span>2022<span class=\"ls9 ws1\">: </span>1.3<span class=\"ls9 ws1\"> years).<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h39 ffbe fs5 fc1 sc0 ls57 ws46 gs7a0\">All schemes<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc3 sc0 ls57 ws46 gs7a1\">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 fc3 sc0 ls9 ws1 gs7a2\">None of the existing option schemes have exercise prices.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc3 sc0 ls9 ws1 gs7a3\">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 fc3 sc0 ls9 ws1 gs7a4\">grant. Accordingly, no assumptions have been disclosed.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc3 sc0 ls9 ws1 gs7a5\">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 fc3 sc0 ls9 ws1 gs7a6\">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 fc3 sc0 ls9 ws1 gs7a7\">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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Deferred annual bonus plan<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>The value of deferred shares is determined by the pay-out under the annual bonus scheme: half of t<span class=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Long-term incentive plans (LTIPs)<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </span>Defined contribution pension schemes<span class=\"_ _2af\"> </span>The Group maintains a number of defined contribution pension schemes and for these schemes<span class=\"_ _2b\"></span> the Group has no further payment obligations once the contributions have been paid. The contributions<span class=\"_ _2b\"></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=\"_ _2af\"> </span>Defined benefit pension schemes<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Significant accounting estimates and assumptions<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </span><div class=\"t m0 h39 ffc0 fs5 fc1 sc0 ls57 ws46 gs7f1\">Pension expense included in the consolidated income statement<span class=\"_ _2af\"> </span></div><div class=\"gs7f2\"><table class=\"s w267 hb9\" id=\"_eecec2de-6e67-4613-97d3-458d08472cb9\"><tr><td></td><td class=\"t m0 x2fc h3b y388b ffc0 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 xdc7 h3a y388b ffc1 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2ff h3b y388c ffc0 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y388c ffc1 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y388d w268 h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls57 ws46\">Defined contribution scheme<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe00 y388d w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls57 ws46\">51.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb0e y388d w3d h5c\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls57 ws46\">55.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y388e ffc0 fs5 fc3 sc0 ls57 ws46\">Defined benefit schemes<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x4f7 y355a w269 h5c\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls9 ws1\">Current service cost<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe01 y355a w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls57 ws46\">2.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe02 y355a w37 h5c\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls57 ws46\">4.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y388f w26a h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls9 ws1\">Administration costs<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe03 y388f w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls57 ws46\">4.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe04 y388f w26 h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls57 ws46\">3.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y35ae w26b h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls9 ws1\">Past service cost<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe05 y35ae w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls57 ws46\">0.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe06 y35ae w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls57 ws46\">0.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y3890 w26c h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls57 ws46\">Termination benefits<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe07 y3890 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe08 y3890 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y3687 w26d h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls9 ws1\">Effect of settlements<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe09 y3687 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe0a y3687 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y3688 w255 h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls9 ws1\">Interest cost<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe0b y3688 w43 h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls9 ws1\">(2.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe0c y3688 w43 h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls9 ws1\">(3.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3891 w26e h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls57 ws46\">Total defined benefit schemes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe0d y3891 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls57 ws46\">5.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe0e y3891 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y3892 ffc0 fs5 fc3 sc0 ls57 ws46\">Total charged to profit before tax in the consolidated income </td><td></td><td></td></tr><tr><td class=\"c n x27b y3455 w136 h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls57 ws46\">statement<span class=\"_ _2af\"> </span></div></td><td class=\"c n x986 y3455 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls57 ws46\">56.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x77d y3455 w1df h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls57 ws46\">60.6 </div></td></tr></table></div><div class=\"t m0 h38 ffc1 fs5 fc3 sc0 ls9 ws1 gs7f3\">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 fc3 sc0 ls57 ws46 gs7f4\">pension schemes.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ffc0 fs5 fc1 sc0 ls57 ws46 gs7f5\">The Group\u2019s main defined benefit scheme (HPS)<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc1 fs5 fc3 sc0 ls9 ws1 gs7f6\">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 fc3 sc0 ls9 ws1 gs7f7\">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 fc3 sc0 ls9 ws1 gs7f8\">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 fc3 sc0 ls9 ws1 gs7f9\">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 fc3 sc0 ls9 ws1 gs7fa\">Events occurred in the HPS that have led to its income statement being remeasu<span class=\"_ _1\"></span>red during the year.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc1 fs5 fc3 sc0 ls9 ws1 gs7fb\">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 fc3 sc0 ls9 ws1 gs7fc\">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 fc3 sc0 ls9 ws1 gs7fd\">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 fc3 sc0 ls9 ws1 gs7fe\">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 fc3 sc0 ls9 ws1 gs7ff\">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 fc3 sc0 ls57 ws46 gs800\">The Trustee Board is chaired by an independent Trustee.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc1 fs5 fc3 sc0 ls9 ws1 gs801\">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 fc3 sc0 ls9 ws1 gs802\">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 fc3 sc0 ls9 ws1 gs803\">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 fc3 sc0 ls9 ws1 gs804\">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 fc3 sc0 ls9 ws1 gs805\">strategy.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc1 fs5 fc3 sc0 ls9 ws1 gs806\">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 fc3 sc0 ls9 ws1 gs807\">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 fc3 sc0 ls9 ws1 gs808\">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 fc3 sc0 ls57 ws46 gs809\">benefit payments, based on assumptions agreed between the Trustee Board and the Group. The 31<span class=\"_ gs15\"> </span>Marc<span class=\"_ _2b\"></span>h </div><div class=\"t m0 h38 ffc1 fs5 fc3 sc0 ls9 ws1 gs80a\">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 fc3 sc0 ls57 ws46 gs80b\">equates to a funding level of 105% (31<span class=\"_ gs15\"> </span>March 2020: 89%).<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc3 sc0 ls9 ws1 gs80d\">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 fc3 sc0 ls9 ws1 gs80e\">recovery contributions from the Group are required other than those a<span class=\"_ _1\"></span>lready committed<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3e ffc3 fs1c fc3 sc0 ls9 ws1 gs80f\">1</div><div class=\"t m0 h38 ffc3 fs5 fc3 sc0 ls9 ws1 gs810\"> as part of the </div><div class=\"t m0 h38 ffc3 fs5 fc3 sc0 ls9 ws1 gs811\">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 fc3 sc0 ls9 ws1 gs812\">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 fc3 sc0 ls57 ws46 gs813\">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 fc3 sc0 ls9 ws1 gs814\">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 fc3 sc0 ls9 ws1 gs815\">in 2024, with no further deficit contributions in 2025 and beyond<span class=\"_ _1\"></span>.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc3 sc0 ls9 ws1 gs816\">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 fc3 sc0 ls9 ws1 gs817\">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 fc3 sc0 ls57 ws46 gs818\">purpose of these accounts, an independent qualified actuary projected the results of t<span class=\"_ _2b\"></span>he 31<span class=\"_ gs15\"> </span>March 2023 </div><div class=\"t m0 h38 ffc3 fs5 fc3 sc0 ls9 ws1 gs819\">actuarial valuation to 31<span class=\"_ gs15\"> </span>December 2023 taking account of the re<span class=\"_ _1\"></span>levant accounting requirements.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc3 sc0 ls9 ws1 gs81a\">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 fc3 sc0 ls57 ws46 gs81b\">not being undertaken. The next funding update is scheduled to be as at 31 March 2024.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc3 sc0 ls9 ws1 gs81c\">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 fc3 sc0 ls9 ws1 gs81d\">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 fc3 sc0 ls9 ws1 gs81e\">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 fc3 sc0 ls9 ws1 gs81f\">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 fc3 sc0 ls57 ws46 gs820\">appropriate amount of prudence, with the discount rate being based on the actual assets of<span class=\"_ _2b\"></span> the pension </div><div class=\"t m0 h38 ffc3 fs5 fc3 sc0 ls9 ws1 gs821\">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 fc3 sc0 ls9 ws1 gs822\">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 fc3 sc0 ls9 ws1 gs823\">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 fc3 sc0 ls9 ws1 gs824\">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 fc3 sc0 ls9 ws1 gs825\">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 fc3 sc0 ls57 ws46 gs826\">accounting basis.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc3 sc0 ls9 ws1 gs827\">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 fc3 sc0 ls9 ws1 gs828\">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 fc3 sc0 ls57 ws46 gs829\">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 fc3 sc0 ls9 ws1 gs82a\">other contributions as a result of disposal activities.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc3 sc0 ls9 ws1 gs82b\">In addition, during 2023, the \u00a35.0m held in escrow was released<span class=\"_ _1\"></span> to HPS.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ffc3 fs8 fc3 sc0 ls58 ws47 gs82d\">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=\"_ _2b\"></span>ent assets to </div><div class=\"t m0 h3a ffc3 fs8 fc3 sc0 ls58 ws47 gs82e\">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=\"_ _2af\"> </span></div><div class=\"t m0 h39 ffc2 fs5 fc1 sc0 ls57 ws46 gs830\">Other defined benefit schemes<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc3 sc0 ls9 ws1 gs831\">The total employer contributions to the \u2018Other\u2019 schemes during 2023<span class=\"_ _1\"></span> were \u00a33m.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc1 sc0 ls9 ws1 gs832\">Other UK schemes<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc3 sc0 ls9 ws1 gs833\">\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 fc3 sc0 ls9 ws1 gs834\">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 fc3 sc0 ls9 ws1 gs835\">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 fc3 sc0 ls57 ws46 gs836\">resulting in the Group being required to pay \u00a328,000 during 2025. The third section showed a defici<span class=\"_ _2b\"></span>t of </div><div class=\"t m0 h38 ffc3 fs5 fc3 sc0 ls57 ws46 gs837\">\u00a33.45m resulting in the Group being required to pay \u00a30.8m<span class=\"_ gs15\"> </span>pa until 2026. The next actuarial<span class=\"_ _2b\"></span> valuations </div><div class=\"t m0 h38 ffc3 fs5 fc3 sc0 ls9 ws1 gs838\">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 fc3 sc0 ls9 ws1 gs839\">reviewed, and if necessary, amended. There is no cross subsidy with othe<span class=\"_ _1\"></span>r employer sections.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc3 sc0 ls9 ws1 gs83a\">\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 fc3 sc0 ls9 ws1 gs83b\">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 fc3 sc0 ls9 ws1 gs83c\">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 fc3 sc0 ls9 ws1 gs83d\">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 fc3 sc0 ls9 ws1 gs83e\">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 fc3 sc0 ls9 ws1 gs83f\">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 fc3 sc0 ls9 ws1 gs840\">30<span class=\"_ gs15\"> </span>September 2022, this was estimated at \u00a36.0m.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc1 sc0 ls9 ws1 gs841\">Overseas defined benefit schemes<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc3 sc0 ls9 ws1 gs842\">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 fc3 sc0 ls9 ws1 gs843\">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 fc3 sc0 ls57 ws46 gs844\">euro. The scheme is governed under U<span class=\"ls9 ws1\">K regulations and subject to further requirements applying to cross-<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ffc3 fs5 fc3 sc0 ls9 ws1 gs845\">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 fc3 sc0 ls57 ws46 gs846\">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 fc3 sc0 ls9 ws1 gs847\">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 fc3 sc0 ls57 ws46 gs848\">benefits.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc3 sc0 ls9 ws1 gs849\">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 fc3 sc0 ls57 ws46 gs84a\">certain guarantees (and are therefore reported as defined benefit schemes under IAS<span class=\"_ gs15\"> </span>19)<span class=\"_ _2b\"></span>. They are </div><div class=\"t m0 h38 ffc3 fs5 fc3 sc0 ls9 ws1 gs84b\">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 fc3 sc0 ls9 ws1 gs84c\">continuing to accrue in these schemes.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc1 sc0 ls57 ws46 gs84d\">Additional defined benefit schemes<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc3 sc0 ls57 ws46 gs84e\">There are a further 36 (2022<span class=\"ls9 ws1\">: 46) defined benefit pension arrangements in which various Capita b<span class=\"_ _1\"></span>usinesses </span></div><div class=\"t m0 h38 ffc3 fs5 fc3 sc0 ls57 ws46 gs84f\">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 fc3 sc0 ls9 ws1 gs850\">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 fc3 sc0 ls9 ws1 gs851\">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 fc3 sc0 ls9 ws1 gs852\">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 fc3 sc0 ls9 ws1 gs853\">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 fc3 sc0 ls9 ws1 gs854\">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 fc3 sc0 ls9 ws1 gs855\">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 fc3 sc0 ls9 ws1 gs856\">investment risk is immaterial.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc3 sc0 ls9 ws1 gs857\">Approximately \u00a310m of employer contributions were paid into these 36<span class=\"_ _1\"></span> schemes during <span class=\"ls57 ws46\">2023</span>.<span class=\"_ _2af\"> </span></div>Risks associated with the Group\u2019s pension schemes<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>The HPS Trustee Board has entered into two b<span class=\"_ _1\"></span>ulk 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=\"_ _2af\"> </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=\"_ _2af\"> </span>Together, these actions have led to the Trustee Board hedging (interest rate and inflati<span class=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w26f hba\" id=\"_0632da9e-b250-4675-b31e-27eacc548150\"><tr><td></td><td class=\"t m0 xb00 h3b y3893 ffc5 fs8 fc3 sc0 ls58 ws47\">Group total<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h3b y3894 ffc5 fs8 fc3 sc0 ls58 ws47\">Change in assumptions compared with 31<span class=\"_ gs23c\"> </span>December 2023 actuarial assumptions<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3b y3894 ffc5 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3895 w270 h5d\"><div class=\"t m0 x27a h38 y343e ffc6 fs5 fc3 sc0 ls57 ws46\">Base defined benefit obligation<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe0f y3895 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffc5 fs5 fc3 sc0 ls57 ws46\">1,178.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35f2 w271 h5d\"><div class=\"t m0 x27a h38 y343e ffc6 fs5 fc3 sc0 ls9 ws1\">0.5% pa decrease in discount rate<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe10 y35f2 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffc5 fs5 fc3 sc0 ls57 ws46\">1,268.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3512 w1cb h5d\"><div class=\"t m0 x27a h38 y343e ffc6 fs5 fc3 sc0 ls9 ws1\">0.5% pa increase in salary increases<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe11 y3512 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffc5 fs5 fc3 sc0 ls57 ws46\">1,179.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3513 w272 h5d\"><div class=\"t m0 x27a h38 y343e ffc6 fs5 fc3 sc0 ls9 ws1\">0.5% pa increase in inflation (and related assumption, eg salary and<span class=\"_ _1\"></span> pension increases)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe12 y3513 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffc5 fs5 fc3 sc0 ls57 ws46\">1,226.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w273 h5d\"><div class=\"t m0 x27a h38 y343e ffc6 fs5 fc3 sc0 ls9 ws1\">1 year increase in life expectancy<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe13 y3455 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffc5 fs5 fc3 sc0 ls57 ws46\">1,213.0<span class=\"_ _2af\"> </span></div></td></tr></table><div class=\"t m0 h39 ffc7 fs5 fc1 sc0 ls9 ws1 gs883\">Assets and liabilities<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc8 fs5 fc3 sc0 ls9 ws1 gs884\">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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ffc8 fs5 fc3 sc0 ls57 ws46 gs885\">scheme assets are made up of quoted and unquoted investments, and asset valuations have been sourc<span class=\"_ _2b\"></span>ed<span class=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ffc8 fs5 fc3 sc0 ls9 ws1 gs886\">from the respective scheme\u2019s investment managers and custodians, based<span class=\"_ _1\"></span> on their pricing sources and<span class=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ffc8 fs5 fc3 sc0 ls9 ws1 gs887\">methodologies. Unquoted investments require more judgement b<span class=\"_ _1\"></span>ecause their values are not directly<span class=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ffc8 fs5 fc3 sc0 ls9 ws1 gs888\">observable. The assumptions used in valuing unquoted investme<span class=\"_ _1\"></span>nts are affected by current market<span class=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ffc8 fs5 fc3 sc0 ls9 ws1 gs889\">conditions which could result in changes in fair value after the measure<span class=\"_ _1\"></span>ment date.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc8 fs5 fc3 sc0 ls9 ws1 gs88a\">For the main asset categories:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc8 fs5 fc3 sc0 ls9 ws1 gs88b\">\u2022<span class=\"_ _ae\"> </span>Equities listed on recognised stock exchanges a<span class=\"_ _1\"></span>re valued at closing bid prices.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc8 fs5 fc3 sc0 ls9 ws1 gs88c\">\u2022<span class=\"_ _ae\"> </span>Bonds are measured using a combination o<span class=\"_ _1\"></span>f broker quotes and pricing models making assumptions for<span class=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ffc8 fs5 fc3 sc0 ls9 ws1 gs88d\">credit and market risks and market yield curves.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc8 fs5 fc3 sc0 ls9 ws1 gs88e\">\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=\"_ _2af\"> </span></span><span class=\"ls57 ws46\"> </span></div><div class=\"t m0 h38 ffc8 fs5 fc3 sc0 ls9 ws1 gs88f\">discounted cash flow techniques.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc8 fs5 fc3 sc0 ls9 ws1 gs890\">\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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ffc8 fs5 fc3 sc0 ls57 ws46 gs891\">investment manager.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc8 fs5 fc3 sc0 ls9 ws1 gs892\">\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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc8 fs5 fc3 sc0 ls9 ws1 gs893\">\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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ffc8 fs5 fc3 sc0 ls9 ws1 gs894\">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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ffc8 fs5 fc3 sc0 ls9 ws1 gs895\">corresponding liability calculated by reference to the IAS<span class=\"_ gs15\"> </span>19 assumptions.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc8 fs5 fc3 sc0 ls9 ws1 gs896\">The assets and liabilities of all of the defined benefit pension sche<span class=\"_ _1\"></span>mes (excluding additional voluntary<span class=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ffc8 fs5 fc3 sc0 ls9 ws1 gs897\">contributions) at 31<span class=\"_ gs15\"> </span>December are:<span class=\"_ _2af\"> </span></div><div class=\"gs898\"><table class=\"s w274 hbb\" id=\"_0665e420-8f80-46aa-90ef-bfff43124c2f\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xc64 h3b y3896 ffc7 fs8 fc3 sc0 ls58 ws47\">Group total<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"c n x3e3 y3897 wdd h6f\"><div class=\"t m0 x27a h3b y3608 ffc7 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe14 y3897 wdd h6f\"><div class=\"t m0 x27a h3b y3608 ffc7 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xe15 h3b y3898 ffc7 fs8 fc3 sc0 ls58 ws47\">Quoted<span class=\"_ _2af\"> </span></td><td class=\"c xe17 y3899 w275 h88\"><div class=\"t m0 x27a h3b y3608 ffc7 fs8 fc3 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe16 h4a y364f ffc7 fs1e fc3 sc0 ls9 ws1\">*</div></td><td class=\"t m0 xe18 h3b y3898 ffc7 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td><td class=\"t m0 x507 h3a y3898 ffc8 fs8 fc3 sc0 ls58 ws47\">Quoted<span class=\"_ _2af\"> </span></td><td class=\"c xe1a y389b w276 hbc\"><div class=\"t m0 x27a h3a y3517 ffc8 fs8 fc3 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe19 h43 y389a ffc8 fs1e fc3 sc0 ls9 ws1\">*<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 x2c3 h3a y3898 ffc8 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 xe1b h3b y389c ffc7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc63 h3b y389c ffc7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7e9 h3b y389c ffc7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xe1c h3a y389c ffc8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x890 h3a y389c ffc8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y389c ffc8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y389d ffc7 fs5 fc3 sc0 ls57 ws46\">Scheme assets at fair value:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x295 h38 y389e ffc8 fs5 fc3 sc0 ls9 ws1\">Equities:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y3714 w1dc h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 UK<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe1d y3714 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe1e y3714 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">3.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe1f y3714 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">3.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe20 y3714 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe21 y3714 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">2.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc31 y3714 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">2.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3489 w277 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 Overseas<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe22 y3489 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">1.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe23 y3489 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">34.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb1 y3489 w5d h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">35.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe24 y3489 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">2.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe25 y3489 w5d h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">24.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe26 y3489 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">26.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y348a w15e h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 Private<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe27 y348a w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe28 y348a w36 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe29 y348a w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe2a y348a w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe2b y348a w72 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x992 y348a w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xe2c y348b w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe2d y348b w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">37.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe2e y348b w5d h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">39.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe2f y348b w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe30 y348b w5d h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">27.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe31 y348b w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">29.7<span class=\"_ _2af\"> </span></div></td></tr></table></div><table class=\"s w11e hbd\" id=\"_8e65333e-b5b9-46d4-9c90-9c125dee7c56\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xb00 h3b y389f ffc7 fs8 fc3 sc0 ls58 ws47\">Group total<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"c n xe32 y38a0 wdd h78\"><div class=\"t m0 x27a h3b y35b3 ffc7 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe33 y38a0 wdd h78\"><div class=\"t m0 x27a h3b y35b3 ffc7 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xc7f h3b y38a1 ffc7 fs8 fc3 sc0 ls58 ws47\">Quoted<span class=\"_ _2af\"> </span></td><td class=\"c xe35 y38a3 w278 hbe\"><div class=\"t m0 x27a h3b y35b3 ffc7 fs8 fc3 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe34 h4a y38a2 ffc7 fs1e fc3 sc0 ls9 ws1\">*</div></td><td class=\"t m0 xb52 h3b y38a1 ffc7 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td><td class=\"t m0 xe36 h3a y38a1 ffc8 fs8 fc3 sc0 ls58 ws47\">Quoted<span class=\"_ _2af\"> </span></td><td class=\"c xe38 y38a4 w279 hbc\"><div class=\"t m0 x27a h3a y3517 ffc8 fs8 fc3 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe37 h43 y389a ffc8 fs1e fc3 sc0 ls9 ws1\">*<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 xdc7 h3a y38a1 ffc8 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 xe39 h3b y38a5 ffc7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x497 h3b y38a5 ffc7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xe3a h3b y38a5 ffc7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb53 h3a y38a5 ffc8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x493 h3a y38a5 ffc8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y38a5 ffc8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y38a6 ffc7 fs5 fc3 sc0 ls57 ws46\">Debt securities:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y38a7 w1b7 h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 UK Government<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe3b y38a7 w2d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">538.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe3c y38a7 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">1.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe3d y38a7 w2d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">539.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe3e y38a7 w3b h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">482.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe3f y38a7 w36 h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x71a y38a7 w3b h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">482.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38a8 w7f h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 UK Corporate<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe40 y38a8 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe41 y38a8 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">45.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe42 y38a8 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">45.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe43 y38a8 w26 h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">0.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe44 y38a8 w3d h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">11.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe45 y38a8 w3d h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">12.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38a9 w27a h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 Overseas Government<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe46 y38a9 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">9.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe47 y38a9 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">11.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe48 y38a9 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">21.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe49 y38a9 w3f h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">10.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe4a y38a9 w3f h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">11.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe4b y38a9 w3f h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">21.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38aa w27b h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 Overseas Corporate<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe4c y38aa w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">0.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe4d y38aa w2d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">211.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe4e y38aa w3b h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">212.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe4f y38aa w26 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">0.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe50 y38aa w3b h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">101.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe51 y38aa w2d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">101.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38ab w26a h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 Emerging Markets<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe52 y38ab w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">0.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe53 y38ab w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">2.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe54 y38ab w26 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">3.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe55 y38ab w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe56 y38ab w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">27.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb32 y38ab w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">27.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38ac w27c h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 Private Debt<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe57 y38ac w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe58 y38ac w3b h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">110.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x49f y38ac w2d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">110.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe59 y38ac w8c h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe5a y38ac w3b h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">134.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe5b y38ac w2d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">134.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38ad w27d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">\u2013 Secured Loans<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe5c y38ad w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe5d y38ad w8c h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe5e y38ad w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe5f y38ad w36 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x71d y38ad w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">39.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x71e y38ad w3f h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">39.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xe60 y38ae w2d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">549.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe61 y38ae w3b h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">383.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe62 y38ae w3b h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">932.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe63 y38ae w2d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">493.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe64 y38ae w3b h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">325.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe65 y38ae w2d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">819.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38af w27e h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">Property<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe66 y38af w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">2.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe67 y38af w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">45.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe68 y38af w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">48.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe69 y38af w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">2.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe6a y38af w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">88.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe6b y38af w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">90.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b0 w27f h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">Infrastructure<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe1d y38b0 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe6c y38b0 w8c h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe6d y38b0 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe6e y38b0 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">1.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe6f y38b0 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe70 y38b0 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">1.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b1 w280 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">Credit Funds<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe52 y38b1 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">1.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe71 y38b1 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9a y38b1 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">1.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe72 y38b1 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">2.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe73 y38b1 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x991 y38b1 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">2.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b2 w281 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">Hedge Funds<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe74 y38b2 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe75 y38b2 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">1.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe76 y38b2 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">1.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe77 y38b2 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe78 y38b2 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">2.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe79 y38b2 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">2.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b3 wda h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">Absolute Return Funds<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe7a y38b3 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe7b y38b3 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe7c y38b3 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe7d y38b3 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe7e y38b3 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fb y38b3 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b4 w282 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">Insurance Contracts<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe5c y38b4 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe7f y38b4 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">69.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe80 y38b4 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">69.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe81 y38b4 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe82 y38b4 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">71.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x70a y38b4 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">71.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b5 w6c h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">Cash<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe83 y38b5 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">81.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe67 y38b5 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">20.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe84 y38b5 w3b h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">101.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe85 y38b5 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">34.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe86 y38b5 w2d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">133.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe87 y38b5 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">167.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b6 w283 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">Other<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe1d y38b6 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">4.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe1e y38b6 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">5.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe88 y38b6 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">10.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe89 y38b6 w43 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">(8.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe8a y38b6 w43 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">(1.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe8b y38b6 w43 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">(9.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xe8c y38b7 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">90.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe8d y38b7 w3b h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">142.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe8e y38b7 w2d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">233.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe8f y38b7 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">32.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe90 y38b7 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">293.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe91 y38b7 w2d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">326.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b8 wbb h64\"><div class=\"t m0 x27a h39 y34b5 ffc7 fs5 fc3 sc0 ls57 ws46\">Total<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe92 y38b8 w2d h64\"><div class=\"t m0 x27a h39 y34b5 ffc7 fs5 fc3 sc0 ls57 ws46\">641.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe93 y38b8 w3b h64\"><div class=\"t m0 x27a h39 y34b5 ffc7 fs5 fc3 sc0 ls57 ws46\">563.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe94 y38b8 w27 h64\"><div class=\"t m0 x27a h39 y34b5 ffc7 fs5 fc3 sc0 ls57 ws46\">1,205.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe95 y38b9 w2d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">529.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe96 y38b9 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">646.7</div></td><td class=\"t m0 xe97 h38 y38ba ffc8 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _43\"> </span>1,175.7 </td></tr><tr><td class=\"t m0 x301 h38 y38bb ffc8 fs5 fc3 sc0 ls9 ws1\">Present value of scheme liabilities<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y38bc w284 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">(before effect of asset ceiling limit)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe98 y38bc w2b h64\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">(1,178.3)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe99 y38bc w285 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">(1,136.<span class=\"_ _2b\"></span>0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y38bd ffc8 fs5 fc3 sc0 ls9 ws1\">Net surplus<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y38be w284 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">(before effect of asset ceiling limit)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xbab y38be w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">26.8<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe9a y38be w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">39.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38bf w286 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">Effect of asset ceiling limit<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe9b y38bf w8c h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n x62c y38bf w43 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y38c0 ffc8 fs5 fc3 sc0 ls9 ws1\">Present value of scheme liabilities<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y38c1 w287 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">(after effect of asset ceiling limit)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe9c y38c1 w2a h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">(1,178.3)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe9d y38c1 w2a h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">(1,136.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y38c2 ffc8 fs5 fc3 sc0 ls9 ws1\">Net surplus<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y348b w287 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">(after effect of asset ceiling limit)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe9e y348b w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">26.8<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe9f y348b w3f h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">39.6<span class=\"_ _2af\"> </span></div></td></tr></table>*<span class=\"_ _16\"> </span><span class=\"ls58 ws47\">Some inves<span class=\"_ _2b\"></span>tments are in funds which are in themselves not traded in active markets.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>IFRIC<span class=\"_ gs15\"> </span>14<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Reconciliation of retirement benefits<span class=\"_ _2af\"> </span>Explanation of constituents of the consolidated income statement.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>Past service cost represents the change in the pre<span class=\"_ _1\"></span>sent value of scheme liabilities in the current period in relation to prior years\u2019 service.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><div class=\"t m0 h38 ffcd fs5 fc3 sc0 ls9 ws1 gs8b8\">All schemes are partly or wholly funded, and the following table shows the co<span class=\"_ _1\"></span>mponents of the movements<span class=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ffcd fs5 fc3 sc0 ls9 ws1 gs8b9\">from the opening to the closing balances for the net defined b<span class=\"_ _1\"></span>enefit asset:<span class=\"_ _2af\"> </span></div><div class=\"gs8ba\"><table class=\"s w288 hbf\" id=\"_d6d25d7d-6460-44d5-8b42-4c3ccc0be470\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xc64 h3b y38c3 ffcc fs8 fc3 sc0 ls58 ws47\">Group total<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"c n xea0 y38c4 w289 h78\"><div class=\"t m0 x27a h3b y35b3 ffcc fs8 fc3 sc0 ls58 ws47\">Defined benefit obligation<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xea1 y38c4 w28a h78\"><div class=\"t m0 x27a h3b y35b3 ffcc fs8 fc3 sc0 ls58 ws47\">Fair value of plan assets<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xea2 y38c4 w28b h78\"><div class=\"t m0 x27a h3b y35b3 ffcc fs8 fc3 sc0 ls58 ws47\">Net defined benefit asset<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xea3 h3b y38c5 ffcc fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4b9 h3a y38c5 ffcd fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66d h3b y38c5 ffcc fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x88f h3a y38c5 ffcd fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x508 h3b y38c5 ffcc fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y38c5 ffcd fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 xac8 h3b y38c6 ffcc fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xea4 h3a y38c6 ffcd fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xea5 h3b y38c6 ffcc fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x88a h3a y38c6 ffcd fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x442 h3b y38c6 ffcc fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y38c6 ffcd fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y38c7 w1b3 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n xea6 y38c7 w28c h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">(1,136.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xea7 y38c7 w28c h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">(1,791.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xea8 y38c7 w8b h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">1,175.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xea9 y38c7 w8b h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">1,797.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeaa y38c7 w5d h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">39.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeab y38c7 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">5.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y38c8 ffcc fs5 fc3 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 x295 h39 y38c9 ffcc fs5 fc3 sc0 ls57 ws46\">income statement:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y38ca w28d h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">Current service cost<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeac y38ca w43 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(2.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xead y38ca wa8 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">(4.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeae y38ca w36 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeaf y38ca w36 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb0 y38ca wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(2.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb1 y38ca wa8 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">(4.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38cb w28e h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">Administration costs<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb2 y38cb wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(4.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb3 y38cb wa8 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">(3.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb4 y38cb w72 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb5 y38cb w72 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb6 y38cb w43 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(4.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb7 y38cb wa8 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">(3.9)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38cc w28f h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">Past service cost<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb2 y38cc wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb3 y38cc wa8 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb4 y38cc w72 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb5 y38cc w72 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb6 y38cc w43 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb7 y38cc wa8 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38cd w290 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">Termination benefits<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb8 y38cd w43 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb9 y38cd w72 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeba y38cd w36 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xebb y38cd w36 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xebc y38cd wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xebd y38cd w36 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38ce w26d h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">Effect of settlements<span class=\"_ _2af\"> </span></div></td><td class=\"c n xebe y38ce w36 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xebf y38ce w62 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xec0 y38ce w36 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xec1 y38ce w43 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xec2 y38ce w36 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb3f y38ce w43 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38cf w291 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">Interest income/(expense)*<span class=\"_ _2af\"> </span></div></td><td class=\"c n xec3 y38cf w34 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">(53.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xec4 y38cf wa0 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">(44.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xec5 y38cf w5d h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">56.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xec6 y38cf w3d h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">47.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xec7 y38cf w62 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">2.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xec8 y38cf w37 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">3.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y38d0 ffcc fs5 fc3 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 x27b y38d1 w292 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">income statement<span class=\"_ _2af\"> </span></div></td><td class=\"c n xec9 y38d1 w34 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">(61.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeca y38d1 w34 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">(52.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xecb y38d1 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">56.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xecc y38d1 w5d h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">47.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xecd y38d1 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(5.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xece y38d1 w43 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">(5.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c x27b y38d3 w293 hc0\"><div class=\"t m0 x27a h39 y38d2 ffcc fs5 fc3 sc0 ls57 ws46\">Included in other comprehensive<span class=\"_ _2af\"> </span></div><div class=\"t m0 x27a h39 y34b5 ffcc fs5 fc3 sc0 ls57 ws46\">income:<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x295 h38 y38d4 ffcd fs5 fc3 sc0 ls9 ws1\">Actuarial gain/(loss) arising from:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y38d5 w294 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">\u2013 demographic assumptions<span class=\"_ _2af\"> </span></div></td><td class=\"c n xecf y38d5 w62 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">6.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xed0 y38d5 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">6.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xed1 y38d5 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xed2 y38d5 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xed3 y38d5 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">6.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe5 y38d5 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">6.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38d6 w295 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">\u2013 financial assumptions<span class=\"_ _2af\"> </span></div></td><td class=\"c n xec9 y38d6 w34 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">(28.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xed4 y38d6 w5e h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">706.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xed5 y38d6 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xed6 y38d6 w72 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x771 y38d6 wa0 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">(28.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xed7 y38d6 w5e h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">706.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38d7 w296 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">\u2013 experience adjustments<span class=\"_ _2af\"> </span></div></td><td class=\"c n xed8 y38d7 w43 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(6.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xed9 y38d7 wa0 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">(50.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeda y38d7 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xedb y38d7 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xedc y38d7 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(6.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xedd y38d7 w34 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">(50.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y38d8 ffcd fs5 fc3 sc0 ls9 ws1\">\u2013 changes in asset ceiling/<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y38d9 w297 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">minimum liability<span class=\"_ _2af\"> </span></div></td><td class=\"c n xede y38d9 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xedf y38d9 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xee0 y38d9 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xee1 y38d9 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xee2 y38d9 w72 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb9 y38d9 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y38da ffcd fs5 fc3 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 x27b y38db w298 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">interest<span class=\"_ _2af\"> </span></div></td><td class=\"c n xee3 y38db w36 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xee4 y38db w72 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xee5 y38db wa0 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">(39.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xee6 y38db wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">(673.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xee7 y38db wa0 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">(39.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xee8 y38db wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">(673.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c x27b y38dc w299 h8e\"><div class=\"t m0 x27a h39 y377d ffcc fs5 fc3 sc0 ls9 ws1\">Sub-total in other<span class=\"_ _2af\"> </span></div><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">comprehensive income<span class=\"_ _2af\"> </span></div></td><td class=\"c n xee9 y38dc w34 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">(28.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeea y38dc w5e h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">664.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeeb y38dc wa0 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">(39.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeec y38dc wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">(673.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x771 y38dc wa0 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">(68.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeed y38dc wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">(8.9)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38dd w29a h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">Employer contributions<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeee y38dd w36 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeef y38dd wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xef0 y38dd w5d h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">60.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xef1 y38dd w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">48.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xef2 y38dd w5d h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">60.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2da y38dd w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">48.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38de w29b h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">Contributions by employees<span class=\"_ _2af\"> </span></div></td><td class=\"c n xef3 y38de w43 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls9 ws1\">(2.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xef4 y38de wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">(1.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xef5 y38de w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">2.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xef6 y38de w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xef7 y38de w36 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xef8 y38de w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38df w29c h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">Benefits paid<span class=\"_ _2af\"> </span></div></td><td class=\"c n xef9 y38df w5d h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">50.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xefa y38df w5d h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">47.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xefb y38df wa0 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">(50.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xefc y38df w34 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">(47.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xefd y38df w36 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdac y38df w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y38e0 ffcd fs5 fc3 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 x27b y363e w29d h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">in other comprehensive income<span class=\"_ _2af\"> </span></div></td><td class=\"c n xefe y363e wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls9 ws1\">(0.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeff y363e wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">(2.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf00 y363e w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf01 y363e w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">2.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf02 y363e wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf03 y363e wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">(0.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y348b w29e h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf04 y348b w28c h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">(1,178.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf05 y348b w28c h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">(1,136.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf06 y348b w8b h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">1,205.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf07 y348b w8b h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">1,175.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf08 y348b w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">26.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf09 y348b w5d h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">39.6<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"gs23b\"><table class=\"s w29f hc1\" id=\"_17795ee8-ecec-418d-a137-dead89cde916\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xb00 h3b y38e1 ffcc fs8 fc3 sc0 ls58 ws47\">Group total<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"c n xf0a y38e2 w2a0 h78\"><div class=\"t m0 x27a h3b y35b3 ffcc fs8 fc3 sc0 ls58 ws47\">Defined benefit obligation<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xf0b y38e2 w28a h78\"><div class=\"t m0 x27a h3b y35b3 ffcc fs8 fc3 sc0 ls58 ws47\">Fair value of plan assets<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xf0c y38e2 w2a1 h78\"><div class=\"t m0 x27a h3b y35b3 ffcc fs8 fc3 sc0 ls58 ws47\">Net defined benefit asset<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x6ea h3b y38e3 ffcc fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb47 h3a y38e3 ffcd fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6eb h3b y38e3 ffcc fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb04 h3a y38e3 ffcd fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 xf0d h3b y38e3 ffcc fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 xdc7 h3a y38e3 ffcd fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 xbbb h3b y38e4 ffcc fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xf0e h3a y38e4 ffcd fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb06 h3b y38e4 ffcc fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x44b h3a y38e4 ffcd fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x456 h3b y38e4 ffcc fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y38e4 ffcd fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h38 y38e5 ffcd fs5 fc3 sc0 ls9 ws1\">Schemes in a net surplus<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x4f7 y38e6 wa8 h5c\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">HPS<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf0f y38e6 w2a2 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">(1,125.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf10 y38e6 w2a3 h5c\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">(1,087.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf11 y38e6 w2a4 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">1,<span class=\"_ _2b\"></span>154.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf12 y38e6 w28 h5c\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">1,126.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf13 y38e6 w3f h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">29.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf14 y38e6 w3d h5c\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">39.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y38e7 w7b h5c\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">Other schemes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf15 y38e7 wbc h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">(15.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf16 y38e7 w34 h5c\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">(15.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf17 y38e7 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">19.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf18 y38e7 w3f h5c\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">18.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf19 y38e7 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf1a y38e7 w37 h5c\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">3.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xf1b y38e8 w2a3 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">(1,140.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf1c y38e8 w2a3 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">(1,102.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf1d y38e8 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">1,173.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf1e y38e8 w27 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">1,144.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf1f y38e8 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">32.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf20 y38e8 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">42.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y38e9 ffcd fs5 fc3 sc0 ls9 ws1\">Schemes in a net deficit<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x4f7 y38ea w7b h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">Other schemes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf15 y38ea wbc h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">(37.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf16 y38ea w34 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">(33.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf17 y38ea w3d h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">31.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf18 y38ea w3f h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">30.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf21 y38ea w43 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(5.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf22 y38ea w43 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">(3.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xf23 y38eb w34 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">(37.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf24 y38eb w34 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">(33.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf25 y38eb w3d h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">31.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf26 y38eb w3f h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">30.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf27 y38eb w3a h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(5.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf28 y38eb w43 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(3.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y34a2 w29e h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf29 y34a2 w2a3 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">(1,178.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf2a y34a2 w2a2 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">(1,136.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf06 y34a2 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">1,205.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf07 y34a2 w27 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">1,175.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf08 y34a2 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">26.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf09 y34a2 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">39.6<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h3a ffcd fs8 fc3 sc0 ls9 ws1 gs8bc\">*<span class=\"_ _16\"> </span><span class=\"ls58 ws47\">Includes<span class=\"_ _2b\"></span> impact of asset ceiling on net interest of \u00a3nil in 2023 (2022: \u00a30.1m).<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ffcd fs5 fc3 sc0 ls9 ws1 gs8bd\">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=\"_ _2af\"> </span></span><span class=\"ls57 ws46\"><span class=\"ls9 ws1\"> </span></span></div><div class=\"t m0 h38 ffcd fs5 fc3 sc0 ls9 ws1 gs8be\">(<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=\"_ _2af\"> </span></span></span><span class=\"ls57 ws46\"><span class=\"ls9 ws1\"> </span></span></div><div class=\"t m0 h38 ffcd fs5 fc3 sc0 ls9 ws1 gs8bf\">net interest income) was included in net finance costs.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ffcc fs5 fc1 sc0 ls9 ws1 gs8c0\">Breakdown of liabilities for the HPS<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffcd fs5 fc3 sc0 ls9 ws1 gs8c1\">Information about the defined benefit obligation for the HPS:<span class=\"_ _2af\"> </span></div><div class=\"gs8c2\"><table class=\"s w2a5 hc2\" id=\"_43349ae4-3cfb-40be-aba6-0ca041c8ac65\"><tr><td></td><td class=\"t m0 xf2b h3b y38ec ffcc fs8 fc3 sc0 ls58 ws47\">Proportion of </td><td></td><td class=\"t m0 x455 h3a y38ec ffcd fs8 fc3 sc0 ls58 ws47\">Proportion of </td><td></td></tr><tr><td></td><td class=\"t m0 xc7f h3b y38ed ffcc fs8 fc3 sc0 ls58 ws47\">overall liability<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 xafe h3a y38ed ffcd fs8 fc3 sc0 ls58 ws47\">overall liability<span class=\"_ _2af\"> </span></td><td></td></tr><tr><td></td><td class=\"c n xf2c y38ee w2a6 h6f\"><div class=\"t m0 x27a h3b y3608 ffcc fs8 fc3 sc0 ls9 ws1\">%<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf2d y38ee w2a7 h6f\"><div class=\"t m0 x27a h3b y3608 ffcc fs8 fc3 sc0 ls58 ws47\">Duration (years)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf2e y38ef w2a6 h79\"><div class=\"t m0 x27a h3a y3517 ffcd fs8 fc3 sc0 ls9 ws1\">%<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf2f y38ef w2a8 h79\"><div class=\"t m0 x27a h3a y3517 ffcd fs8 fc3 sc0 ls58 ws47\">Duration (years)<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xf30 y38f0 wdd h78\"><div class=\"t m0 x27a h3a y3517 ffcc fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf31 y38f0 wdd h78\"><div class=\"t m0 x27a h3a y3517 ffcc fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf32 y38f0 wdd h79\"><div class=\"t m0 x27a h3a y3517 ffcd fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf33 y38f0 wdd h79\"><div class=\"t m0 x27a h3a y3517 ffcd fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3723 w2a9 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">Active members<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf34 y3723 w2aa h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf35 y3723 w3f h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">17.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf36 y3723 w2aa h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf09 y3723 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">16.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b1 w2ab h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">Deferred members<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf37 y35b1 w2ac h64\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">54<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf38 y35b1 w3d h64\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">18.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf39 y35b1 w2ad h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">59<span class=\"_ _2af\"> </span></div></td><td class=\"c n x70a y35b1 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">18.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b2 w2ae h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">Pensioners<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf3a y35b2 w2ad h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">41<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf3b y35b2 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">10.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf3c y35b2 w2ad h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">35<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf3d y35b2 w2af h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">10.<span class=\"_ _2b\"></span>6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w2b0 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">Total percentage / average duration<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf3e y3455 wdd h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">100<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf3f y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">15.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf40 y3455 wdd h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">100<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd2 y3455 w3f h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">15.5<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffcd fs5 fc3 sc0 ls9 ws1 gs8c3\">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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ffcd fs5 fc3 sc0 ls9 ws1 gs8c4\">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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ffcd fs5 fc3 sc0 ls9 ws1 gs8c5\">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=\"_ _2af\"> </span> </div><div class=\"t m0 h38 ffcd fs5 fc3 sc0 ls9 ws1 gs8c6\">future).<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ffce fs5 fc1 sc0 ls57 ws46 gs8c8\">Financial and demographic assumptions<span class=\"_ _2af\"> </span></div><div class=\"gs8c9\"><table class=\"s w2b1 hc3\" id=\"_8404b14d-4b99-48a7-b32e-7065d9ee707e\"><tr><td></td><td class=\"t m0 x3c8 h3b y38f1 ffce fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y38f1 ffcf fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c x27b y38f2 w2b2 hbe\"><div class=\"t m0 x27a h3b y35b3 ffce fs8 fc3 sc0 ls58 ws47\">Main assumptions</div><div class=\"t m0 xf41 h4a y38a2 ffce fs1e fc3 sc0 ls9 ws1\">1<span class=\"_ _2af\"> </span></div><div class=\"t m0 xf42 h3b y35b3 ffce fs8 fc3 sc0 ls9 ws1\">:<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 x666 h3b y38f3 ffce fs8 fc3 sc0 ls9 ws1\">%<span class=\"_ _2af\"> </span></td><td class=\"t m0 xf43 h3a y38f3 ffcf fs8 fc3 sc0 ls9 ws1\">%<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y38f4 w2b3 h5c\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">Rate of price inflation \u2013 RPI<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf44 y38f4 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">3.05<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf45 y38f4 w3d h5c\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">3.15<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38f5 w2b3 h5c\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">Rate of price inflation \u2013 CPI<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf44 y38f5 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">2.45<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf45 y38f5 w3d h5c\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">2.50<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3464 w1c2 h5c\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">Rate of salary increase<span class=\"_ _2af\"> </span></div></td><td class=\"c n x311 y3464 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">3.05<span class=\"_ _2af\"> </span></div></td><td class=\"c n x312 y3464 w5d h5c\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">3.15<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c x27b y3816 w2b4 hc4\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">Rate of increase of pensions in payment<span class=\"_ _2af\"> </span></div><div class=\"t m0 xf46 h3e y38f6 ffcf fs1c fc3 sc0 ls9 ws1\">2<span class=\"_ _2af\"> </span></div><div class=\"t m0 xf47 h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">:<span class=\"_ _2af\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x27b y35fd w2b5 h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">\u2013 RPI inflation capped at 5% per annum<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf48 y35fd w5d h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">3.00<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b2 y35fd w5d h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">3.05<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35f2 w2b6 h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">\u2013 RPI inflation capped at 2.5% per annum<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d7 y35f2 w5d h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">2.15<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d8 y35f2 w5d h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">2.15<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3512 w2b5 h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">\u2013 CPI inflation capped at 5% per annum<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf48 y3512 w5d h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">2.45<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b2 y3512 w5d h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">2.50<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3513 w27f h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">Discount rate<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf49 y3513 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">4.55<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf4a y3513 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">4.75<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w2b7 h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">Expected take up maximum available tax free cash<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf4b y3455 w3b h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">85.00<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2e6 y3455 w5e h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">85.00<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h3a ffcf fs8 fc3 sc0 ls58 ws47 gs8ca\">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=\"_ gs23c\"> </span>pa, and for the Swiss </div><div class=\"t m0 h3a ffcf fs8 fc3 sc0 ls58 ws47 gs8cb\">schemes it is 1.5%<span class=\"_ gs23c\"> </span>pa in 2023<span class=\"ls9 ws1\">.<span class=\"_ _2af\"> </span></span></div><div class=\"t m0 h3a ffcf fs8 fc3 sc0 ls58 ws47 gs8cc\">2.<span class=\"_ _9\"> </span>There are other levels of pension increase which apply to particular periods of membership.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffcf fs5 fc3 sc0 ls9 ws1 gs8cd\">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 fc3 sc0 ls9 ws1 gs8ce\">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=\"_ _2af\"> </span></span></span></div><div class=\"gs8cf\"><table class=\"s w2b8 hc5\" id=\"_3dfca9c5-0eb8-48eb-b39a-5a662e18d662\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x4bd h3b y38f7 ffce fs8 fc3 sc0 ls58 ws47\">Member currently aged 65 (current life expectancy)<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"c n xf4c y38f8 w2b9 h6f\"><div class=\"t m0 x27a h3b y3608 ffce fs8 fc3 sc0 ls58 ws47\">Male<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xf4d y38f8 w2ba h6f\"><div class=\"t m0 x27a h3b y3608 ffce fs8 fc3 sc0 ls58 ws47\">Female<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xf4e y38f9 wdd h78\"><div class=\"t m0 x27a h3a y3517 ffce fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf4f y38f9 wdd h79\"><div class=\"t m0 x27a h3a y3517 ffcf fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf50 y38f9 wdd h78\"><div class=\"t m0 x27a h3a y3517 ffce fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf51 y38f9 wdd h79\"><div class=\"t m0 x27a h3a y3517 ffcf fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y38fa ffcf fs5 fc3 sc0 ls9 ws1\">HPS<span class=\"_ _2af\"> </span></td><td class=\"c n xf52 y3513 w5d h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">21.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf53 y3513 w5d h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">22.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf54 y3513 w5d h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">23.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf55 y3513 w5d h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">24.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w7f h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">Other Schemes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf56 y3455 w2bb h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">21.0 to 22.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf57 y3455 w2bc h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">21.1 to 22.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf58 y3455 w2bd h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">23.4 to 24.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf59 y3455 w2be h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">23.7 to 24.5<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h3e ffcf fs1c fc3 sc0 ls9 ws1 gs8d0\">1<span class=\"_ _2af\"> </span></div><div class=\"gs8d1\"><table class=\"s w2b8 hc6\" id=\"_1751edd1-92d0-4c90-b97d-c145cdbb2b99\"><tr><td></td><td></td><td class=\"t m0 xf5a h3b y38fb ffce fs8 fc3 sc0 ls58 ws47\">Member currently aged 45 (life expectancy at 65)<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c n xf4c y38fc w2b9 h6f\"><div class=\"t m0 x27a h3b y3608 ffce fs8 fc3 sc0 ls58 ws47\">Male<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xf4d y38fc w2ba h6f\"><div class=\"t m0 x27a h3b y3608 ffce fs8 fc3 sc0 ls58 ws47\">Female<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xf4e y38f9 wdd h6f\"><div class=\"t m0 x27a h3a y352d ffce fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf4f y38f9 wdd h70\"><div class=\"t m0 x27a h3a y352d ffcf fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf50 y38f9 wdd h6f\"><div class=\"t m0 x27a h3a y352d ffce fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf51 y38f9 wdd h70\"><div class=\"t m0 x27a h3a y352d ffcf fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y38fd ffcf fs5 fc3 sc0 ls9 ws1\">HPS<span class=\"_ _2af\"> </span></td><td class=\"c n xf52 y3513 w5d h5f\"><div class=\"t m0 x27a h38 y3453 ffce fs5 fc3 sc0 ls57 ws46\">22.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf53 y3513 w5d h5e\"><div class=\"t m0 x27a h38 y3453 ffcf fs5 fc3 sc0 ls57 ws46\">22.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf54 y3513 w5d h5f\"><div class=\"t m0 x27a h38 y3453 ffce fs5 fc3 sc0 ls57 ws46\">25.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf55 y3513 w5d h5e\"><div class=\"t m0 x27a h38 y3453 ffcf fs5 fc3 sc0 ls57 ws46\">25.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w7f h5e\"><div class=\"t m0 x27a h38 y3453 ffcf fs5 fc3 sc0 ls9 ws1\">Other Schemes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf56 y3455 w2bb h5f\"><div class=\"t m0 x27a h38 y3453 ffce fs5 fc3 sc0 ls57 ws46\">22.2 to 25.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf57 y3455 w2bc h5e\"><div class=\"t m0 x27a h38 y3453 ffcf fs5 fc3 sc0 ls57 ws46\">22.3 to 25.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf58 y3455 w2bd h5f\"><div class=\"t m0 x27a h38 y3453 ffce fs5 fc3 sc0 ls57 ws46\">24.9 to 26.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf59 y3455 w2be h5e\"><div class=\"t m0 x27a h38 y3453 ffcf fs5 fc3 sc0 ls57 ws46\">25.2 to 26.5<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h3e ffcf fs1c fc3 sc0 ls9 ws1 gs8d2\">1<span class=\"_ _2af\"> </span></div><div class=\"t m0 h3a ffcf fs8 fc3 sc0 ls58 ws47 gs8d3\">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 fc3 sc0 ls58 ws47 gs8d4\">in the future (CMI 2022 core model Sk=7.0) with a long-term rate of improvement of 1.25%<span class=\"_ gs23c\"> </span>pa, an \u2018A\u2019 parameter of 0.25% for both males and </div><div class=\"t m0 h3a ffcf fs8 fc3 sc0 ls58 ws47 gs8d5\">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 fc3 sc0 ls58 ws47 gs8d6\">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=\"_ _2af\"> </span>Accounting policies<span class=\"_ _2af\"> </span>Defined contribution pension schemes<span class=\"_ _2af\"> </span>The Group maintains a number of defined contribution pension schemes and for these schemes<span class=\"_ _2b\"></span> the Group has no further payment obligations once the contributions have been paid. The contributions<span class=\"_ _2b\"></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=\"_ _2af\"> </span>Defined benefit pension schemes<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>Significant accounting estimates and assumptions<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </span>Pension expense included in the consolidated income statement<span class=\"_ _2af\"> </span><table class=\"s w267 hb9\" id=\"_eecec2de-6e67-4613-97d3-458d08472cb9\"><tr><td></td><td class=\"t m0 x2fc h3b y388b ffc0 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 xdc7 h3a y388b ffc1 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2ff h3b y388c ffc0 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y388c ffc1 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y388d w268 h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls57 ws46\">Defined contribution scheme<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe00 y388d w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls57 ws46\">51.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb0e y388d w3d h5c\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls57 ws46\">55.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y388e ffc0 fs5 fc3 sc0 ls57 ws46\">Defined benefit schemes<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x4f7 y355a w269 h5c\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls9 ws1\">Current service cost<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe01 y355a w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls57 ws46\">2.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe02 y355a w37 h5c\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls57 ws46\">4.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y388f w26a h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls9 ws1\">Administration costs<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe03 y388f w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls57 ws46\">4.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe04 y388f w26 h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls57 ws46\">3.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y35ae w26b h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls9 ws1\">Past service cost<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe05 y35ae w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls57 ws46\">0.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe06 y35ae w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls57 ws46\">0.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y3890 w26c h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls57 ws46\">Termination benefits<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe07 y3890 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe08 y3890 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y3687 w26d h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls9 ws1\">Effect of settlements<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe09 y3687 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe0a y3687 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y3688 w255 h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls9 ws1\">Interest cost<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe0b y3688 w43 h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls9 ws1\">(2.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe0c y3688 w43 h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls9 ws1\">(3.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3891 w26e h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls57 ws46\">Total defined benefit schemes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe0d y3891 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls57 ws46\">5.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe0e y3891 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h39 y3892 ffc0 fs5 fc3 sc0 ls57 ws46\">Total charged to profit before tax in the consolidated income </td><td></td><td></td></tr><tr><td class=\"c n x27b y3455 w136 h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls57 ws46\">statement<span class=\"_ _2af\"> </span></div></td><td class=\"c n x986 y3455 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc0 fs5 fc3 sc0 ls57 ws46\">56.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x77d y3455 w1df h5d\"><div class=\"t m0 x27a h38 y343e ffc1 fs5 fc3 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=\"_ _2af\"> </span>The Group\u2019s main defined benefit scheme (HPS)<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </span>In addition, during 2023, the \u00a35.0m held in escrow was released<span class=\"_ _1\"></span> to HPS.<span class=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </span>Other defined benefit schemes<span class=\"_ _2af\"> </span>The total employer contributions to the \u2018Other\u2019 schemes during 2023<span class=\"_ _1\"></span> were \u00a33m.<span class=\"_ _2af\"> </span>Other UK schemes<span class=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2b\"></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=\"_ _2af\"> </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=\"_ _2af\"> </span>Overseas defined benefit schemes<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2b\"></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=\"_ _2af\"> </span>Additional defined benefit schemes<span class=\"_ _2af\"> </span>There are a further 36 (2022<span class=\"ls9 ws1\">: 46) defined benefit pension arrangements in which various Capita b<span class=\"_ _1\"></span>usinesses </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=\"_ _2af\"> </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=\"_ _2af\"> </span><div class=\"t m0 h39 ffc5 fs5 fc1 sc0 ls57 ws46 gs859\">Risks associated with the Group\u2019s pension schemes<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc6 fs5 fc3 sc0 ls9 ws1 gs85a\">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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc5 fs5 fc3 sc0 ls57 ws46 gs85b\">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 fc3 sc0 ls9 ws1 gs85c\">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 fc3 sc0 ls9 ws1 gs85d\">isolation, could result in a worsening of the funding position of the sch<span class=\"_ _1\"></span>emes.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc5 fs5 fc3 sc0 ls9 ws1 gs85e\">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 fc3 sc0 ls9 ws1 gs85f\">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 fc3 sc0 ls9 ws1 gs860\">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=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc5 fs5 fc3 sc0 ls9 ws1 gs861\">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 fc3 sc0 ls9 ws1 gs862\">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 fc3 sc0 ls9 ws1 gs863\">the funding position of the schemes.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc5 fs5 fc3 sc0 ls57 ws46 gs864\">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 fc3 sc0 ls9 ws1 gs865\">increase the value placed on the liabilities and therefore worsen<span class=\"_ _1\"></span> the funding position of the schemes.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc5 fs5 fc3 sc0 ls57 ws46 gs866\">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 fc3 sc0 ls9 ws1 gs867\">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 fc3 sc0 ls9 ws1 gs868\">a higher risk in older externally held assets.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc6 fs5 fc3 sc0 ls9 ws1 gs869\">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 fc3 sc0 ls57 ws46 gs86a\">main defined benefit scheme, the following actions have been taken:<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc6 fs5 fc3 sc0 ls9 ws1 gs86b\">\u2022<span class=\"_ _ae\"> </span>The HPS Trustee Board has entered into two b<span class=\"_ _1\"></span>ulk annuity contracts with an insurer in respect of a small </div><div class=\"t m0 h38 ffc6 fs5 fc3 sc0 ls9 ws1 gs86c\">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 fc3 sc0 ls57 ws46 gs86d\">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=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ffc6 fs5 fc3 sc0 ls9 ws1 gs86e\">\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 fc3 sc0 ls9 ws1 gs86f\">is managed by this programme is set by various market-related and fundin<span class=\"_ _1\"></span>g trigger points.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc6 fs5 fc3 sc0 ls57 ws46 gs871\">Together, these actions have led to the Trustee Board hedging (interest rate and inflati<span class=\"_ _2b\"></span>on) a high proportion </div><div class=\"t m0 h38 ffc6 fs5 fc3 sc0 ls9 ws1 gs872\">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 fc3 sc0 ls57 ws46 gs873\">funding basis were broadly fully hedged.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc6 fs5 fc3 sc0 ls9 ws1 gs874\">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 fc3 sc0 ls9 ws1 gs875\">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 fc3 sc0 ls9 ws1 gs876\">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 fc3 sc0 ls9 ws1 gs877\">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 fc3 sc0 ls9 ws1 gs878\">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 fc3 sc0 ls57 ws46 gs879\">funding valuation. Credit spreads (the difference between the yields availabl<span class=\"_ _2b\"></span>e on long-dated corporate </div><div class=\"t m0 h38 ffc6 fs5 fc3 sc0 ls57 ws46 gs87a\">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 fc3 sc0 ls9 ws1 gs87b\">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 fc3 sc0 ls9 ws1 gs87c\">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 fc3 sc0 ls9 ws1 gs87d\">slightly).<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffc6 fs5 fc3 sc0 ls9 ws1 gs87e\">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 fc3 sc0 ls9 ws1 gs87f\">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 fc3 sc0 ls9 ws1 gs880\">as shown (assuming all other assumptions remain constant):<span class=\"_ _2af\"> </span></div><div class=\"gs881\"><table class=\"s w26f hba\" id=\"_0632da9e-b250-4675-b31e-27eacc548150\"><tr><td></td><td class=\"t m0 xb00 h3b y3893 ffc5 fs8 fc3 sc0 ls58 ws47\">Group total<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h3b y3894 ffc5 fs8 fc3 sc0 ls58 ws47\">Change in assumptions compared with 31<span class=\"_ gs23c\"> </span>December 2023 actuarial assumptions<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3b y3894 ffc5 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3895 w270 h5d\"><div class=\"t m0 x27a h38 y343e ffc6 fs5 fc3 sc0 ls57 ws46\">Base defined benefit obligation<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe0f y3895 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffc5 fs5 fc3 sc0 ls57 ws46\">1,178.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35f2 w271 h5d\"><div class=\"t m0 x27a h38 y343e ffc6 fs5 fc3 sc0 ls9 ws1\">0.5% pa decrease in discount rate<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe10 y35f2 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffc5 fs5 fc3 sc0 ls57 ws46\">1,268.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3512 w1cb h5d\"><div class=\"t m0 x27a h38 y343e ffc6 fs5 fc3 sc0 ls9 ws1\">0.5% pa increase in salary increases<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe11 y3512 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffc5 fs5 fc3 sc0 ls57 ws46\">1,179.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3513 w272 h5d\"><div class=\"t m0 x27a h38 y343e ffc6 fs5 fc3 sc0 ls9 ws1\">0.5% pa increase in inflation (and related assumption, eg salary and<span class=\"_ _1\"></span> pension increases)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe12 y3513 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffc5 fs5 fc3 sc0 ls57 ws46\">1,226.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w273 h5d\"><div class=\"t m0 x27a h38 y343e ffc6 fs5 fc3 sc0 ls9 ws1\">1 year increase in life expectancy<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe13 y3455 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffc5 fs5 fc3 sc0 ls57 ws46\">1,213.0<span class=\"_ _2af\"> </span></div></td></tr></table></div>Assets and liabilities<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>scheme assets are made up of quoted and unquoted investments, and asset valuations have been sourc<span class=\"_ _2b\"></span>ed<span class=\"_ _2af\"> </span>from the respective scheme\u2019s investment managers and custodians, based<span class=\"_ _1\"></span> on their pricing sources and<span class=\"_ _2af\"> </span>methodologies. Unquoted investments require more judgement b<span class=\"_ _1\"></span>ecause their values are not directly<span class=\"_ _2af\"> </span>observable. The assumptions used in valuing unquoted investme<span class=\"_ _1\"></span>nts are affected by current market<span class=\"_ _2af\"> </span>conditions which could result in changes in fair value after the measure<span class=\"_ _1\"></span>ment date.<span class=\"_ _2af\"> </span>For the main asset categories:<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>Equities listed on recognised stock exchanges a<span class=\"_ _1\"></span>re valued at closing bid prices.<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>Bonds are measured using a combination o<span class=\"_ _1\"></span>f broker quotes and pricing models making assumptions for<span class=\"_ _2af\"> </span>credit and market risks and market yield curves.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span></span>discounted cash flow techniques.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>investment manager.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>corresponding liability calculated by reference to the IAS<span class=\"_ gs15\"> </span>19 assumptions.<span class=\"_ _2af\"> </span>The assets and liabilities of all of the defined benefit pension sche<span class=\"_ _1\"></span>mes (excluding additional voluntary<span class=\"_ _2af\"> </span>contributions) at 31<span class=\"_ gs15\"> </span>December are:<span class=\"_ _2af\"> </span><table class=\"s w274 hbb\" id=\"_0665e420-8f80-46aa-90ef-bfff43124c2f\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xc64 h3b y3896 ffc7 fs8 fc3 sc0 ls58 ws47\">Group total<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"c n x3e3 y3897 wdd h6f\"><div class=\"t m0 x27a h3b y3608 ffc7 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe14 y3897 wdd h6f\"><div class=\"t m0 x27a h3b y3608 ffc7 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xe15 h3b y3898 ffc7 fs8 fc3 sc0 ls58 ws47\">Quoted<span class=\"_ _2af\"> </span></td><td class=\"c xe17 y3899 w275 h88\"><div class=\"t m0 x27a h3b y3608 ffc7 fs8 fc3 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe16 h4a y364f ffc7 fs1e fc3 sc0 ls9 ws1\">*</div></td><td class=\"t m0 xe18 h3b y3898 ffc7 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td><td class=\"t m0 x507 h3a y3898 ffc8 fs8 fc3 sc0 ls58 ws47\">Quoted<span class=\"_ _2af\"> </span></td><td class=\"c xe1a y389b w276 hbc\"><div class=\"t m0 x27a h3a y3517 ffc8 fs8 fc3 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe19 h43 y389a ffc8 fs1e fc3 sc0 ls9 ws1\">*<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 x2c3 h3a y3898 ffc8 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 xe1b h3b y389c ffc7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc63 h3b y389c ffc7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7e9 h3b y389c ffc7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xe1c h3a y389c ffc8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x890 h3a y389c ffc8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y389c ffc8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y389d ffc7 fs5 fc3 sc0 ls57 ws46\">Scheme assets at fair value:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x295 h38 y389e ffc8 fs5 fc3 sc0 ls9 ws1\">Equities:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y3714 w1dc h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 UK<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe1d y3714 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe1e y3714 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">3.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe1f y3714 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">3.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe20 y3714 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe21 y3714 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">2.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc31 y3714 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">2.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3489 w277 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 Overseas<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe22 y3489 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">1.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe23 y3489 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">34.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb1 y3489 w5d h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">35.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe24 y3489 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">2.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe25 y3489 w5d h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">24.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe26 y3489 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">26.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y348a w15e h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 Private<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe27 y348a w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe28 y348a w36 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe29 y348a w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe2a y348a w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe2b y348a w72 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x992 y348a w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xe2c y348b w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe2d y348b w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">37.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe2e y348b w5d h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">39.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe2f y348b w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe30 y348b w5d h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">27.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe31 y348b w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">29.7<span class=\"_ _2af\"> </span></div></td></tr></table><div class=\"gs23b\"><table class=\"s w11e hbd\" id=\"_8e65333e-b5b9-46d4-9c90-9c125dee7c56\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xb00 h3b y389f ffc7 fs8 fc3 sc0 ls58 ws47\">Group total<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"c n xe32 y38a0 wdd h78\"><div class=\"t m0 x27a h3b y35b3 ffc7 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe33 y38a0 wdd h78\"><div class=\"t m0 x27a h3b y35b3 ffc7 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xc7f h3b y38a1 ffc7 fs8 fc3 sc0 ls58 ws47\">Quoted<span class=\"_ _2af\"> </span></td><td class=\"c xe35 y38a3 w278 hbe\"><div class=\"t m0 x27a h3b y35b3 ffc7 fs8 fc3 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe34 h4a y38a2 ffc7 fs1e fc3 sc0 ls9 ws1\">*</div></td><td class=\"t m0 xb52 h3b y38a1 ffc7 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td><td class=\"t m0 xe36 h3a y38a1 ffc8 fs8 fc3 sc0 ls58 ws47\">Quoted<span class=\"_ _2af\"> </span></td><td class=\"c xe38 y38a4 w279 hbc\"><div class=\"t m0 x27a h3a y3517 ffc8 fs8 fc3 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe37 h43 y389a ffc8 fs1e fc3 sc0 ls9 ws1\">*<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 xdc7 h3a y38a1 ffc8 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 xe39 h3b y38a5 ffc7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x497 h3b y38a5 ffc7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xe3a h3b y38a5 ffc7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb53 h3a y38a5 ffc8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x493 h3a y38a5 ffc8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y38a5 ffc8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y38a6 ffc7 fs5 fc3 sc0 ls57 ws46\">Debt securities:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y38a7 w1b7 h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 UK Government<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe3b y38a7 w2d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">538.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe3c y38a7 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">1.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe3d y38a7 w2d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">539.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe3e y38a7 w3b h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">482.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe3f y38a7 w36 h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x71a y38a7 w3b h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">482.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38a8 w7f h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 UK Corporate<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe40 y38a8 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe41 y38a8 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">45.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe42 y38a8 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">45.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe43 y38a8 w26 h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">0.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe44 y38a8 w3d h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">11.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe45 y38a8 w3d h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">12.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38a9 w27a h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 Overseas Government<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe46 y38a9 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">9.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe47 y38a9 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">11.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe48 y38a9 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">21.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe49 y38a9 w3f h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">10.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe4a y38a9 w3f h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">11.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe4b y38a9 w3f h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">21.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38aa w27b h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 Overseas Corporate<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe4c y38aa w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">0.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe4d y38aa w2d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">211.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe4e y38aa w3b h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">212.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe4f y38aa w26 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">0.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe50 y38aa w3b h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">101.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe51 y38aa w2d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">101.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38ab w26a h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 Emerging Markets<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe52 y38ab w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">0.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe53 y38ab w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">2.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe54 y38ab w26 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">3.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe55 y38ab w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe56 y38ab w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">27.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb32 y38ab w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">27.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38ac w27c h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 Private Debt<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe57 y38ac w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe58 y38ac w3b h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">110.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x49f y38ac w2d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">110.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe59 y38ac w8c h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe5a y38ac w3b h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">134.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe5b y38ac w2d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">134.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38ad w27d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">\u2013 Secured Loans<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe5c y38ad w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe5d y38ad w8c h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe5e y38ad w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe5f y38ad w36 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x71d y38ad w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">39.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x71e y38ad w3f h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">39.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xe60 y38ae w2d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">549.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe61 y38ae w3b h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">383.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe62 y38ae w3b h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">932.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe63 y38ae w2d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">493.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe64 y38ae w3b h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">325.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe65 y38ae w2d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">819.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38af w27e h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">Property<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe66 y38af w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">2.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe67 y38af w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">45.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe68 y38af w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">48.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe69 y38af w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">2.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe6a y38af w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">88.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe6b y38af w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">90.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b0 w27f h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">Infrastructure<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe1d y38b0 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe6c y38b0 w8c h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe6d y38b0 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe6e y38b0 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">1.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe6f y38b0 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe70 y38b0 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">1.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b1 w280 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">Credit Funds<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe52 y38b1 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">1.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe71 y38b1 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9a y38b1 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">1.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe72 y38b1 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">2.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe73 y38b1 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x991 y38b1 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">2.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b2 w281 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">Hedge Funds<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe74 y38b2 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe75 y38b2 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">1.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe76 y38b2 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">1.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe77 y38b2 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe78 y38b2 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">2.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe79 y38b2 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">2.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b3 wda h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">Absolute Return Funds<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe7a y38b3 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe7b y38b3 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe7c y38b3 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe7d y38b3 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe7e y38b3 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fb y38b3 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b4 w282 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">Insurance Contracts<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe5c y38b4 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe7f y38b4 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">69.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe80 y38b4 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">69.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe81 y38b4 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe82 y38b4 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">71.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x70a y38b4 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">71.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b5 w6c h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">Cash<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe83 y38b5 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">81.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe67 y38b5 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">20.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe84 y38b5 w3b h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">101.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe85 y38b5 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">34.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe86 y38b5 w2d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">133.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe87 y38b5 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">167.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b6 w283 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">Other<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe1d y38b6 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">4.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe1e y38b6 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">5.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe88 y38b6 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">10.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe89 y38b6 w43 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">(8.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe8a y38b6 w43 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">(1.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe8b y38b6 w43 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">(9.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xe8c y38b7 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">90.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe8d y38b7 w3b h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">142.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe8e y38b7 w2d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">233.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe8f y38b7 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">32.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe90 y38b7 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">293.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe91 y38b7 w2d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">326.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b8 wbb h64\"><div class=\"t m0 x27a h39 y34b5 ffc7 fs5 fc3 sc0 ls57 ws46\">Total<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe92 y38b8 w2d h64\"><div class=\"t m0 x27a h39 y34b5 ffc7 fs5 fc3 sc0 ls57 ws46\">641.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe93 y38b8 w3b h64\"><div class=\"t m0 x27a h39 y34b5 ffc7 fs5 fc3 sc0 ls57 ws46\">563.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe94 y38b8 w27 h64\"><div class=\"t m0 x27a h39 y34b5 ffc7 fs5 fc3 sc0 ls57 ws46\">1,205.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe95 y38b9 w2d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">529.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe96 y38b9 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">646.7</div></td><td class=\"t m0 xe97 h38 y38ba ffc8 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _43\"> </span>1,175.7 </td></tr><tr><td class=\"t m0 x301 h38 y38bb ffc8 fs5 fc3 sc0 ls9 ws1\">Present value of scheme liabilities<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y38bc w284 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">(before effect of asset ceiling limit)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe98 y38bc w2b h64\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">(1,178.3)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe99 y38bc w285 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">(1,136.<span class=\"_ _2b\"></span>0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y38bd ffc8 fs5 fc3 sc0 ls9 ws1\">Net surplus<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y38be w284 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">(before effect of asset ceiling limit)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xbab y38be w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">26.8<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe9a y38be w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">39.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38bf w286 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">Effect of asset ceiling limit<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe9b y38bf w8c h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n x62c y38bf w43 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y38c0 ffc8 fs5 fc3 sc0 ls9 ws1\">Present value of scheme liabilities<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y38c1 w287 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">(after effect of asset ceiling limit)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe9c y38c1 w2a h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">(1,178.3)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe9d y38c1 w2a h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">(1,136.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y38c2 ffc8 fs5 fc3 sc0 ls9 ws1\">Net surplus<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y348b w287 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">(after effect of asset ceiling limit)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe9e y348b w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">26.8<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe9f y348b w3f h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">39.6<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h3a ffc8 fs8 fc3 sc0 ls9 ws1 gs89a\">*<span class=\"_ _16\"> </span><span class=\"ls58 ws47\">Some inves<span class=\"_ _2b\"></span>tments are in funds which are in themselves not traded in active markets.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>IFRIC<span class=\"_ gs15\"> </span>14<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>Reconciliation of retirement benefits<span class=\"_ _2af\"> </span>Explanation of constituents of the consolidated income statement.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>Past service cost represents the change in the pre<span class=\"_ _1\"></span>sent value of scheme liabilities in the current period in relation to prior years\u2019 service.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>from the opening to the closing balances for the net defined b<span class=\"_ _1\"></span>enefit asset:<span class=\"_ _2af\"> </span><table class=\"s w288 hbf\" id=\"_d6d25d7d-6460-44d5-8b42-4c3ccc0be470\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xc64 h3b y38c3 ffcc fs8 fc3 sc0 ls58 ws47\">Group total<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"c n xea0 y38c4 w289 h78\"><div class=\"t m0 x27a h3b y35b3 ffcc fs8 fc3 sc0 ls58 ws47\">Defined benefit obligation<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xea1 y38c4 w28a h78\"><div class=\"t m0 x27a h3b y35b3 ffcc fs8 fc3 sc0 ls58 ws47\">Fair value of plan assets<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xea2 y38c4 w28b h78\"><div class=\"t m0 x27a h3b y35b3 ffcc fs8 fc3 sc0 ls58 ws47\">Net defined benefit asset<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xea3 h3b y38c5 ffcc fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x4b9 h3a y38c5 ffcd fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 x66d h3b y38c5 ffcc fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x88f h3a y38c5 ffcd fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x508 h3b y38c5 ffcc fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y38c5 ffcd fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 xac8 h3b y38c6 ffcc fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xea4 h3a y38c6 ffcd fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xea5 h3b y38c6 ffcc fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x88a h3a y38c6 ffcd fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x442 h3b y38c6 ffcc fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y38c6 ffcd fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y38c7 w1b3 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">At 1 January<span class=\"_ _2af\"> </span></div></td><td class=\"c n xea6 y38c7 w28c h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">(1,136.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xea7 y38c7 w28c h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">(1,791.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xea8 y38c7 w8b h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">1,175.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xea9 y38c7 w8b h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">1,797.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeaa y38c7 w5d h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">39.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeab y38c7 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">5.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y38c8 ffcc fs5 fc3 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 x295 h39 y38c9 ffcc fs5 fc3 sc0 ls57 ws46\">income statement:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y38ca w28d h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">Current service cost<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeac y38ca w43 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(2.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xead y38ca wa8 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">(4.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeae y38ca w36 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeaf y38ca w36 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb0 y38ca wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(2.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb1 y38ca wa8 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">(4.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38cb w28e h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">Administration costs<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb2 y38cb wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(4.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb3 y38cb wa8 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">(3.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb4 y38cb w72 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb5 y38cb w72 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb6 y38cb w43 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(4.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb7 y38cb wa8 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">(3.9)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38cc w28f h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">Past service cost<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb2 y38cc wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb3 y38cc wa8 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb4 y38cc w72 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb5 y38cc w72 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb6 y38cc w43 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb7 y38cc wa8 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">(0.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38cd w290 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">Termination benefits<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb8 y38cd w43 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeb9 y38cd w72 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeba y38cd w36 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xebb y38cd w36 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xebc y38cd wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xebd y38cd w36 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38ce w26d h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">Effect of settlements<span class=\"_ _2af\"> </span></div></td><td class=\"c n xebe y38ce w36 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xebf y38ce w62 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xec0 y38ce w36 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xec1 y38ce w43 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xec2 y38ce w36 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb3f y38ce w43 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38cf w291 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">Interest income/(expense)*<span class=\"_ _2af\"> </span></div></td><td class=\"c n xec3 y38cf w34 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">(53.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xec4 y38cf wa0 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">(44.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xec5 y38cf w5d h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">56.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xec6 y38cf w3d h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">47.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xec7 y38cf w62 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">2.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xec8 y38cf w37 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">3.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h39 y38d0 ffcc fs5 fc3 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 x27b y38d1 w292 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">income statement<span class=\"_ _2af\"> </span></div></td><td class=\"c n xec9 y38d1 w34 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">(61.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeca y38d1 w34 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">(52.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xecb y38d1 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">56.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xecc y38d1 w5d h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">47.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xecd y38d1 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(5.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xece y38d1 w43 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">(5.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c x27b y38d3 w293 hc0\"><div class=\"t m0 x27a h39 y38d2 ffcc fs5 fc3 sc0 ls57 ws46\">Included in other comprehensive<span class=\"_ _2af\"> </span></div><div class=\"t m0 x27a h39 y34b5 ffcc fs5 fc3 sc0 ls57 ws46\">income:<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x295 h38 y38d4 ffcd fs5 fc3 sc0 ls9 ws1\">Actuarial gain/(loss) arising from:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y38d5 w294 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">\u2013 demographic assumptions<span class=\"_ _2af\"> </span></div></td><td class=\"c n xecf y38d5 w62 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">6.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xed0 y38d5 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">6.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xed1 y38d5 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xed2 y38d5 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xed3 y38d5 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">6.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbe5 y38d5 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">6.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38d6 w295 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">\u2013 financial assumptions<span class=\"_ _2af\"> </span></div></td><td class=\"c n xec9 y38d6 w34 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">(28.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xed4 y38d6 w5e h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">706.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xed5 y38d6 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xed6 y38d6 w72 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x771 y38d6 wa0 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">(28.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xed7 y38d6 w5e h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">706.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38d7 w296 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">\u2013 experience adjustments<span class=\"_ _2af\"> </span></div></td><td class=\"c n xed8 y38d7 w43 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(6.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xed9 y38d7 wa0 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">(50.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeda y38d7 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xedb y38d7 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xedc y38d7 wa8 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(6.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xedd y38d7 w34 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">(50.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y38d8 ffcd fs5 fc3 sc0 ls9 ws1\">\u2013 changes in asset ceiling/<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y38d9 w297 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">minimum liability<span class=\"_ _2af\"> </span></div></td><td class=\"c n xede y38d9 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xedf y38d9 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xee0 y38d9 w36 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xee1 y38d9 w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xee2 y38d9 w72 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdb9 y38d9 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">2.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y38da ffcd fs5 fc3 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 x27b y38db w298 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">interest<span class=\"_ _2af\"> </span></div></td><td class=\"c n xee3 y38db w36 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xee4 y38db w72 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xee5 y38db wa0 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">(39.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xee6 y38db wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">(673.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xee7 y38db wa0 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">(39.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xee8 y38db wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">(673.7)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c x27b y38dc w299 h8e\"><div class=\"t m0 x27a h39 y377d ffcc fs5 fc3 sc0 ls9 ws1\">Sub-total in other<span class=\"_ _2af\"> </span></div><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">comprehensive income<span class=\"_ _2af\"> </span></div></td><td class=\"c n xee9 y38dc w34 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">(28.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeea y38dc w5e h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">664.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeeb y38dc wa0 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">(39.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeec y38dc wc1 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">(673.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n x771 y38dc wa0 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">(68.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeed y38dc wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">(8.9)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38dd w29a h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">Employer contributions<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeee y38dd w36 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeef y38dd wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">(0.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xef0 y38dd w5d h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">60.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xef1 y38dd w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">48.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xef2 y38dd w5d h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">60.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2da y38dd w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">48.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38de w29b h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">Contributions by employees<span class=\"_ _2af\"> </span></div></td><td class=\"c n xef3 y38de w43 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls9 ws1\">(2.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xef4 y38de wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">(1.7)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xef5 y38de w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">2.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xef6 y38de w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xef7 y38de w36 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xef8 y38de w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38df w29c h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">Benefits paid<span class=\"_ _2af\"> </span></div></td><td class=\"c n xef9 y38df w5d h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">50.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xefa y38df w5d h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">47.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xefb y38df wa0 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">(50.4)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xefc y38df w34 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">(47.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xefd y38df w36 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xdac y38df w36 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y38e0 ffcd fs5 fc3 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 x27b y363e w29d h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">in other comprehensive income<span class=\"_ _2af\"> </span></div></td><td class=\"c n xefe y363e wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls9 ws1\">(0.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xeff y363e wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">(2.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf00 y363e w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">0.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf01 y363e w37 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">2.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf02 y363e wa8 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf03 y363e wa8 h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">(0.4)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y348b w29e h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf04 y348b w28c h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">(1,178.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf05 y348b w28c h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">(1,136.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf06 y348b w8b h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">1,205.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf07 y348b w8b h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">1,175.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf08 y348b w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">26.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf09 y348b w5d h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">39.6<span class=\"_ _2af\"> </span></div></td></tr></table><table class=\"s w29f hc1\" id=\"_17795ee8-ecec-418d-a137-dead89cde916\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xb00 h3b y38e1 ffcc fs8 fc3 sc0 ls58 ws47\">Group total<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"c n xf0a y38e2 w2a0 h78\"><div class=\"t m0 x27a h3b y35b3 ffcc fs8 fc3 sc0 ls58 ws47\">Defined benefit obligation<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xf0b y38e2 w28a h78\"><div class=\"t m0 x27a h3b y35b3 ffcc fs8 fc3 sc0 ls58 ws47\">Fair value of plan assets<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xf0c y38e2 w2a1 h78\"><div class=\"t m0 x27a h3b y35b3 ffcc fs8 fc3 sc0 ls58 ws47\">Net defined benefit asset<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x6ea h3b y38e3 ffcc fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb47 h3a y38e3 ffcd fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td><td class=\"t m0 x6eb h3b y38e3 ffcc fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb04 h3a y38e3 ffcd fs8 fc3 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 xf0d h3b y38e3 ffcc fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 xdc7 h3a y38e3 ffcd fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 xbbb h3b y38e4 ffcc fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xf0e h3a y38e4 ffcd fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb06 h3b y38e4 ffcc fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x44b h3a y38e4 ffcd fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x456 h3b y38e4 ffcc fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y38e4 ffcd fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h38 y38e5 ffcd fs5 fc3 sc0 ls9 ws1\">Schemes in a net surplus<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x4f7 y38e6 wa8 h5c\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">HPS<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf0f y38e6 w2a2 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">(1,125.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf10 y38e6 w2a3 h5c\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">(1,087.0)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf11 y38e6 w2a4 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">1,<span class=\"_ _2b\"></span>154.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf12 y38e6 w28 h5c\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">1,126.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf13 y38e6 w3f h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">29.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf14 y38e6 w3d h5c\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">39.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x4f7 y38e7 w7b h5c\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">Other schemes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf15 y38e7 wbc h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">(15.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf16 y38e7 w34 h5c\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">(15.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf17 y38e7 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">19.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf18 y38e7 w3f h5c\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">18.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf19 y38e7 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">3.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf1a y38e7 w37 h5c\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">3.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xf1b y38e8 w2a3 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">(1,140.8)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf1c y38e8 w2a3 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">(1,102.2)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf1d y38e8 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">1,173.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf1e y38e8 w27 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">1,144.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf1f y38e8 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">32.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf20 y38e8 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">42.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y38e9 ffcd fs5 fc3 sc0 ls9 ws1\">Schemes in a net deficit<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x4f7 y38ea w7b h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">Other schemes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf15 y38ea wbc h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">(37.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf16 y38ea w34 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">(33.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf17 y38ea w3d h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">31.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf18 y38ea w3f h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">30.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf21 y38ea w43 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(5.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf22 y38ea w43 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">(3.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xf23 y38eb w34 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">(37.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf24 y38eb w34 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">(33.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf25 y38eb w3d h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">31.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf26 y38eb w3f h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">30.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf27 y38eb w3a h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(5.9)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf28 y38eb w43 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls9 ws1\">(3.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y34a2 w29e h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">At 31 December<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf29 y34a2 w2a3 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">(1,178.3)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf2a y34a2 w2a2 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">(1,136.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf06 y34a2 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">1,205.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf07 y34a2 w27 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">1,175.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf08 y34a2 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">26.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf09 y34a2 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">39.6<span class=\"_ _2af\"> </span></div></td></tr></table>*<span class=\"_ _16\"> </span><span class=\"ls58 ws47\">Includes<span class=\"_ _2b\"></span> impact of asset ceiling on net interest of \u00a3nil in 2023 (2022: \u00a30.1m).<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span></span></span>net interest income) was included in net finance costs.<span class=\"_ _2af\"> </span>Breakdown of liabilities for the HPS<span class=\"_ _2af\"> </span>Information about the defined benefit obligation for the HPS:<span class=\"_ _2af\"> </span><table class=\"s w2a5 hc2\" id=\"_43349ae4-3cfb-40be-aba6-0ca041c8ac65\"><tr><td></td><td class=\"t m0 xf2b h3b y38ec ffcc fs8 fc3 sc0 ls58 ws47\">Proportion of </td><td></td><td class=\"t m0 x455 h3a y38ec ffcd fs8 fc3 sc0 ls58 ws47\">Proportion of </td><td></td></tr><tr><td></td><td class=\"t m0 xc7f h3b y38ed ffcc fs8 fc3 sc0 ls58 ws47\">overall liability<span class=\"_ _2af\"> </span></td><td></td><td class=\"t m0 xafe h3a y38ed ffcd fs8 fc3 sc0 ls58 ws47\">overall liability<span class=\"_ _2af\"> </span></td><td></td></tr><tr><td></td><td class=\"c n xf2c y38ee w2a6 h6f\"><div class=\"t m0 x27a h3b y3608 ffcc fs8 fc3 sc0 ls9 ws1\">%<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf2d y38ee w2a7 h6f\"><div class=\"t m0 x27a h3b y3608 ffcc fs8 fc3 sc0 ls58 ws47\">Duration (years)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf2e y38ef w2a6 h79\"><div class=\"t m0 x27a h3a y3517 ffcd fs8 fc3 sc0 ls9 ws1\">%<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf2f y38ef w2a8 h79\"><div class=\"t m0 x27a h3a y3517 ffcd fs8 fc3 sc0 ls58 ws47\">Duration (years)<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xf30 y38f0 wdd h78\"><div class=\"t m0 x27a h3a y3517 ffcc fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf31 y38f0 wdd h78\"><div class=\"t m0 x27a h3a y3517 ffcc fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf32 y38f0 wdd h79\"><div class=\"t m0 x27a h3a y3517 ffcd fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf33 y38f0 wdd h79\"><div class=\"t m0 x27a h3a y3517 ffcd fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3723 w2a9 h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls9 ws1\">Active members<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf34 y3723 w2aa h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf35 y3723 w3f h5b\"><div class=\"t m0 x27a h38 y343e ffcc fs5 fc3 sc0 ls57 ws46\">17.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf36 y3723 w2aa h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf09 y3723 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffcd fs5 fc3 sc0 ls57 ws46\">16.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b1 w2ab h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls9 ws1\">Deferred members<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf37 y35b1 w2ac h64\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">54<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf38 y35b1 w3d h64\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">18.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf39 y35b1 w2ad h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">59<span class=\"_ _2af\"> </span></div></td><td class=\"c n x70a y35b1 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">18.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35b2 w2ae h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">Pensioners<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf3a y35b2 w2ad h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">41<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf3b y35b2 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">10.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf3c y35b2 w2ad h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">35<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf3d y35b2 w2af h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">10.<span class=\"_ _2b\"></span>6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w2b0 h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">Total percentage / average duration<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf3e y3455 wdd h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">100<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf3f y3455 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffcc fs5 fc3 sc0 ls57 ws46\">15.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf40 y3455 wdd h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">100<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbd2 y3455 w3f h5e\"><div class=\"t m0 x27a h38 y3453 ffcd fs5 fc3 sc0 ls57 ws46\">15.5<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>future).<span class=\"_ _2af\"> </span>Financial and demographic assumptions<span class=\"_ _2af\"> </span><table class=\"s w2b1 hc3\" id=\"_8404b14d-4b99-48a7-b32e-7065d9ee707e\"><tr><td></td><td class=\"t m0 x3c8 h3b y38f1 ffce fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y38f1 ffcf fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c x27b y38f2 w2b2 hbe\"><div class=\"t m0 x27a h3b y35b3 ffce fs8 fc3 sc0 ls58 ws47\">Main assumptions</div><div class=\"t m0 xf41 h4a y38a2 ffce fs1e fc3 sc0 ls9 ws1\">1<span class=\"_ _2af\"> </span></div><div class=\"t m0 xf42 h3b y35b3 ffce fs8 fc3 sc0 ls9 ws1\">:<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 x666 h3b y38f3 ffce fs8 fc3 sc0 ls9 ws1\">%<span class=\"_ _2af\"> </span></td><td class=\"t m0 xf43 h3a y38f3 ffcf fs8 fc3 sc0 ls9 ws1\">%<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y38f4 w2b3 h5c\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">Rate of price inflation \u2013 RPI<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf44 y38f4 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">3.05<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf45 y38f4 w3d h5c\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">3.15<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38f5 w2b3 h5c\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">Rate of price inflation \u2013 CPI<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf44 y38f5 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">2.45<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf45 y38f5 w3d h5c\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">2.50<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3464 w1c2 h5c\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">Rate of salary increase<span class=\"_ _2af\"> </span></div></td><td class=\"c n x311 y3464 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">3.05<span class=\"_ _2af\"> </span></div></td><td class=\"c n x312 y3464 w5d h5c\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">3.15<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c x27b y3816 w2b4 hc4\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">Rate of increase of pensions in payment<span class=\"_ _2af\"> </span></div><div class=\"t m0 xf46 h3e y38f6 ffcf fs1c fc3 sc0 ls9 ws1\">2<span class=\"_ _2af\"> </span></div><div class=\"t m0 xf47 h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">:<span class=\"_ _2af\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x27b y35fd w2b5 h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">\u2013 RPI inflation capped at 5% per annum<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf48 y35fd w5d h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">3.00<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b2 y35fd w5d h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">3.05<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35f2 w2b6 h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">\u2013 RPI inflation capped at 2.5% per annum<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d7 y35f2 w5d h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">2.15<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4d8 y35f2 w5d h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">2.15<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3512 w2b5 h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">\u2013 CPI inflation capped at 5% per annum<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf48 y3512 w5d h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">2.45<span class=\"_ _2af\"> </span></div></td><td class=\"c n x6b2 y3512 w5d h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">2.50<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3513 w27f h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">Discount rate<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf49 y3513 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">4.55<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf4a y3513 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">4.75<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w2b7 h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">Expected take up maximum available tax free cash<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf4b y3455 w3b h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">85.00<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2e6 y3455 w5e h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">85.00<span class=\"_ _2af\"> </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=\"_ gs23c\"> </span>pa, and for the Swiss schemes it is 1.5%<span class=\"_ gs23c\"> </span>pa in 2023<span class=\"ls9 ws1\">.<span class=\"_ _2af\"> </span></span>2.<span class=\"_ _9\"> </span>There are other levels of pension increase which apply to particular periods of membership.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span></span></span><table class=\"s w2b8 hc5\" id=\"_3dfca9c5-0eb8-48eb-b39a-5a662e18d662\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x4bd h3b y38f7 ffce fs8 fc3 sc0 ls58 ws47\">Member currently aged 65 (current life expectancy)<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td class=\"c n xf4c y38f8 w2b9 h6f\"><div class=\"t m0 x27a h3b y3608 ffce fs8 fc3 sc0 ls58 ws47\">Male<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xf4d y38f8 w2ba h6f\"><div class=\"t m0 x27a h3b y3608 ffce fs8 fc3 sc0 ls58 ws47\">Female<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xf4e y38f9 wdd h78\"><div class=\"t m0 x27a h3a y3517 ffce fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf4f y38f9 wdd h79\"><div class=\"t m0 x27a h3a y3517 ffcf fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf50 y38f9 wdd h78\"><div class=\"t m0 x27a h3a y3517 ffce fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf51 y38f9 wdd h79\"><div class=\"t m0 x27a h3a y3517 ffcf fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y38fa ffcf fs5 fc3 sc0 ls9 ws1\">HPS<span class=\"_ _2af\"> </span></td><td class=\"c n xf52 y3513 w5d h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">21.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf53 y3513 w5d h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">22.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf54 y3513 w5d h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">23.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf55 y3513 w5d h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">24.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w7f h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">Other Schemes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf56 y3455 w2bb h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">21.0 to 22.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf57 y3455 w2bc h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">21.1 to 22.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf58 y3455 w2bd h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">23.4 to 24.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf59 y3455 w2be h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">23.7 to 24.5<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </span><table class=\"s w2b8 hc6\" id=\"_1751edd1-92d0-4c90-b97d-c145cdbb2b99\"><tr><td></td><td></td><td class=\"t m0 xf5a h3b y38fb ffce fs8 fc3 sc0 ls58 ws47\">Member currently aged 45 (life expectancy at 65)<span class=\"_ _2af\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c n xf4c y38fc w2b9 h6f\"><div class=\"t m0 x27a h3b y3608 ffce fs8 fc3 sc0 ls58 ws47\">Male<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xf4d y38fc w2ba h6f\"><div class=\"t m0 x27a h3b y3608 ffce fs8 fc3 sc0 ls58 ws47\">Female<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xf4e y38f9 wdd h6f\"><div class=\"t m0 x27a h3a y352d ffce fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf4f y38f9 wdd h70\"><div class=\"t m0 x27a h3a y352d ffcf fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf50 y38f9 wdd h6f\"><div class=\"t m0 x27a h3a y352d ffce fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf51 y38f9 wdd h70\"><div class=\"t m0 x27a h3a y352d ffcf fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x295 h38 y38fd ffcf fs5 fc3 sc0 ls9 ws1\">HPS<span class=\"_ _2af\"> </span></td><td class=\"c n xf52 y3513 w5d h5f\"><div class=\"t m0 x27a h38 y3453 ffce fs5 fc3 sc0 ls57 ws46\">22.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf53 y3513 w5d h5e\"><div class=\"t m0 x27a h38 y3453 ffcf fs5 fc3 sc0 ls57 ws46\">22.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf54 y3513 w5d h5f\"><div class=\"t m0 x27a h38 y3453 ffce fs5 fc3 sc0 ls57 ws46\">25.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf55 y3513 w5d h5e\"><div class=\"t m0 x27a h38 y3453 ffcf fs5 fc3 sc0 ls57 ws46\">25.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w7f h5e\"><div class=\"t m0 x27a h38 y3453 ffcf fs5 fc3 sc0 ls9 ws1\">Other Schemes<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf56 y3455 w2bb h5f\"><div class=\"t m0 x27a h38 y3453 ffce fs5 fc3 sc0 ls57 ws46\">22.2 to 25.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf57 y3455 w2bc h5e\"><div class=\"t m0 x27a h38 y3453 ffcf fs5 fc3 sc0 ls57 ws46\">22.3 to 25.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf58 y3455 w2bd h5f\"><div class=\"t m0 x27a h38 y3453 ffce fs5 fc3 sc0 ls57 ws46\">24.9 to 26.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf59 y3455 w2be h5e\"><div class=\"t m0 x27a h38 y3453 ffcf fs5 fc3 sc0 ls57 ws46\">25.2 to 26.5<span class=\"_ _2af\"> </span></div></td></tr></table>1<span class=\"_ _2af\"> </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=\"_ gs23c\"> </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=\"_ _2af\"> </span>Defined contribution pension schemes<span class=\"_ _2af\"> </span>The Group maintains a number of defined contribution pension schemes and for these schemes<span class=\"_ _2b\"></span> the Group has no further payment obligations once the contributions have been paid. The contributions<span class=\"_ _2b\"></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=\"_ _2af\"> </span>Defined benefit pension schemes<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w26f hba\" id=\"_0632da9e-b250-4675-b31e-27eacc548150\"><tr><td></td><td class=\"t m0 xb00 h3b y3893 ffc5 fs8 fc3 sc0 ls58 ws47\">Group total<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h3b y3894 ffc5 fs8 fc3 sc0 ls58 ws47\">Change in assumptions compared with 31<span class=\"_ gs23c\"> </span>December 2023 actuarial assumptions<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3b y3894 ffc5 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3895 w270 h5d\"><div class=\"t m0 x27a h38 y343e ffc6 fs5 fc3 sc0 ls57 ws46\">Base defined benefit obligation<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe0f y3895 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffc5 fs5 fc3 sc0 ls57 ws46\">1,178.3<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y35f2 w271 h5d\"><div class=\"t m0 x27a h38 y343e ffc6 fs5 fc3 sc0 ls9 ws1\">0.5% pa decrease in discount rate<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe10 y35f2 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffc5 fs5 fc3 sc0 ls57 ws46\">1,268.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3512 w1cb h5d\"><div class=\"t m0 x27a h38 y343e ffc6 fs5 fc3 sc0 ls9 ws1\">0.5% pa increase in salary increases<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe11 y3512 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffc5 fs5 fc3 sc0 ls57 ws46\">1,179.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3513 w272 h5d\"><div class=\"t m0 x27a h38 y343e ffc6 fs5 fc3 sc0 ls9 ws1\">0.5% pa increase in inflation (and related assumption, eg salary and<span class=\"_ _1\"></span> pension increases)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe12 y3513 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffc5 fs5 fc3 sc0 ls57 ws46\">1,226.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3455 w273 h5d\"><div class=\"t m0 x27a h38 y343e ffc6 fs5 fc3 sc0 ls9 ws1\">1 year increase in life expectancy<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe13 y3455 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffc5 fs5 fc3 sc0 ls57 ws46\">1,213.0<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>scheme assets are made up of quoted and unquoted investments, and asset valuations have been sourc<span class=\"_ _2b\"></span>ed<span class=\"_ _2af\"> </span>from the respective scheme\u2019s investment managers and custodians, based<span class=\"_ _1\"></span> on their pricing sources and<span class=\"_ _2af\"> </span>methodologies. Unquoted investments require more judgement b<span class=\"_ _1\"></span>ecause their values are not directly<span class=\"_ _2af\"> </span>observable. The assumptions used in valuing unquoted investme<span class=\"_ _1\"></span>nts are affected by current market<span class=\"_ _2af\"> </span>conditions which could result in changes in fair value after the measure<span class=\"_ _1\"></span>ment date.<span class=\"_ _2af\"> </span>For the main asset categories:<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>Equities listed on recognised stock exchanges a<span class=\"_ _1\"></span>re valued at closing bid prices.<span class=\"_ _2af\"> </span>\u2022<span class=\"_ _ae\"> </span>Bonds are measured using a combination o<span class=\"_ _1\"></span>f broker quotes and pricing models making assumptions for<span class=\"_ _2af\"> </span>credit and market risks and market yield curves.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span></span>discounted cash flow techniques.<span class=\"_ _2af\"> </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=\"_ _2af\"> </span>investment manager.<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span>corresponding liability calculated by reference to the IAS<span class=\"_ gs15\"> </span>19 assumptions.<span class=\"_ _2af\"> </span>The assets and liabilities of all of the defined benefit pension sche<span class=\"_ _1\"></span>mes (excluding additional voluntary<span class=\"_ _2af\"> </span>contributions) at 31<span class=\"_ gs15\"> </span>December are:<span class=\"_ _2af\"> </span><table class=\"s w274 hbb\" id=\"_0665e420-8f80-46aa-90ef-bfff43124c2f\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xc64 h3b y3896 ffc7 fs8 fc3 sc0 ls58 ws47\">Group total<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"c n x3e3 y3897 wdd h6f\"><div class=\"t m0 x27a h3b y3608 ffc7 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe14 y3897 wdd h6f\"><div class=\"t m0 x27a h3b y3608 ffc7 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xe15 h3b y3898 ffc7 fs8 fc3 sc0 ls58 ws47\">Quoted<span class=\"_ _2af\"> </span></td><td class=\"c xe17 y3899 w275 h88\"><div class=\"t m0 x27a h3b y3608 ffc7 fs8 fc3 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe16 h4a y364f ffc7 fs1e fc3 sc0 ls9 ws1\">*</div></td><td class=\"t m0 xe18 h3b y3898 ffc7 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td><td class=\"t m0 x507 h3a y3898 ffc8 fs8 fc3 sc0 ls58 ws47\">Quoted<span class=\"_ _2af\"> </span></td><td class=\"c xe1a y389b w276 hbc\"><div class=\"t m0 x27a h3a y3517 ffc8 fs8 fc3 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe19 h43 y389a ffc8 fs1e fc3 sc0 ls9 ws1\">*<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 x2c3 h3a y3898 ffc8 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 xe1b h3b y389c ffc7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xc63 h3b y389c ffc7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x7e9 h3b y389c ffc7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xe1c h3a y389c ffc8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x890 h3a y389c ffc8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y389c ffc8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x295 h39 y389d ffc7 fs5 fc3 sc0 ls57 ws46\">Scheme assets at fair value:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x295 h38 y389e ffc8 fs5 fc3 sc0 ls9 ws1\">Equities:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y3714 w1dc h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 UK<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe1d y3714 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe1e y3714 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">3.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe1f y3714 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">3.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe20 y3714 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe21 y3714 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">2.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xc31 y3714 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">2.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3489 w277 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 Overseas<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe22 y3489 w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">1.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe23 y3489 w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">34.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xbb1 y3489 w5d h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">35.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe24 y3489 w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">2.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe25 y3489 w5d h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">24.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe26 y3489 w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">26.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y348a w15e h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 Private<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe27 y348a w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe28 y348a w36 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe29 y348a w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe2a y348a w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe2b y348a w72 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x992 y348a w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xe2c y348b w62 h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe2d y348b w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">37.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe2e y348b w5d h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">39.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe2f y348b w62 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">2.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe30 y348b w5d h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">27.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe31 y348b w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">29.7<span class=\"_ _2af\"> </span></div></td></tr></table><table class=\"s w11e hbd\" id=\"_8e65333e-b5b9-46d4-9c90-9c125dee7c56\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xb00 h3b y389f ffc7 fs8 fc3 sc0 ls58 ws47\">Group total<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"c n xe32 y38a0 wdd h78\"><div class=\"t m0 x27a h3b y35b3 ffc7 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe33 y38a0 wdd h78\"><div class=\"t m0 x27a h3b y35b3 ffc7 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xc7f h3b y38a1 ffc7 fs8 fc3 sc0 ls58 ws47\">Quoted<span class=\"_ _2af\"> </span></td><td class=\"c xe35 y38a3 w278 hbe\"><div class=\"t m0 x27a h3b y35b3 ffc7 fs8 fc3 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe34 h4a y38a2 ffc7 fs1e fc3 sc0 ls9 ws1\">*</div></td><td class=\"t m0 xb52 h3b y38a1 ffc7 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td><td class=\"t m0 xe36 h3a y38a1 ffc8 fs8 fc3 sc0 ls58 ws47\">Quoted<span class=\"_ _2af\"> </span></td><td class=\"c xe38 y38a4 w279 hbc\"><div class=\"t m0 x27a h3a y3517 ffc8 fs8 fc3 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe37 h43 y389a ffc8 fs1e fc3 sc0 ls9 ws1\">*<span class=\"_ _2af\"> </span></div></td><td class=\"t m0 xdc7 h3a y38a1 ffc8 fs8 fc3 sc0 ls58 ws47\">Total<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 xe39 h3b y38a5 ffc7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x497 h3b y38a5 ffc7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xe3a h3b y38a5 ffc7 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 xb53 h3a y38a5 ffc8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x493 h3a y38a5 ffc8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y38a5 ffc8 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 x301 h39 y38a6 ffc7 fs5 fc3 sc0 ls57 ws46\">Debt securities:<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y38a7 w1b7 h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 UK Government<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe3b y38a7 w2d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">538.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe3c y38a7 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">1.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe3d y38a7 w2d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">539.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe3e y38a7 w3b h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">482.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe3f y38a7 w36 h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x71a y38a7 w3b h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">482.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38a8 w7f h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 UK Corporate<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe40 y38a8 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe41 y38a8 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">45.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe42 y38a8 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">45.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe43 y38a8 w26 h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">0.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe44 y38a8 w3d h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">11.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe45 y38a8 w3d h5c\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">12.0<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38a9 w27a h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 Overseas Government<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe46 y38a9 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">9.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe47 y38a9 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">11.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe48 y38a9 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">21.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe49 y38a9 w3f h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">10.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe4a y38a9 w3f h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">11.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe4b y38a9 w3f h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">21.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38aa w27b h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 Overseas Corporate<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe4c y38aa w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">0.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe4d y38aa w2d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">211.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe4e y38aa w3b h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">212.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe4f y38aa w26 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">0.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe50 y38aa w3b h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">101.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe51 y38aa w2d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">101.9<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38ab w26a h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 Emerging Markets<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe52 y38ab w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">0.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe53 y38ab w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">2.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe54 y38ab w26 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">3.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe55 y38ab w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">0.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe56 y38ab w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">27.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb32 y38ab w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">27.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38ac w27c h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2013 Private Debt<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe57 y38ac w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe58 y38ac w3b h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">110.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x49f y38ac w2d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">110.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe59 y38ac w8c h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe5a y38ac w3b h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">134.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe5b y38ac w2d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">134.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38ad w27d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">\u2013 Secured Loans<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe5c y38ad w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe5d y38ad w8c h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe5e y38ad w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe5f y38ad w36 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x71d y38ad w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">39.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n x71e y38ad w3f h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">39.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xe60 y38ae w2d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">549.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe61 y38ae w3b h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">383.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe62 y38ae w3b h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">932.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe63 y38ae w2d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">493.9<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe64 y38ae w3b h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">325.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe65 y38ae w2d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">819.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38af w27e h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">Property<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe66 y38af w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">2.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe67 y38af w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">45.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe68 y38af w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">48.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe69 y38af w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">2.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe6a y38af w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">88.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe6b y38af w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">90.8<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b0 w27f h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">Infrastructure<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe1d y38b0 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe6c y38b0 w8c h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe6d y38b0 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">1.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe6e y38b0 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">1.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe6f y38b0 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe70 y38b0 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">1.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b1 w280 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">Credit Funds<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe52 y38b1 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">1.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe71 y38b1 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xb9a y38b1 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">1.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe72 y38b1 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">2.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe73 y38b1 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x991 y38b1 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">2.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b2 w281 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">Hedge Funds<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe74 y38b2 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe75 y38b2 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">1.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe76 y38b2 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">1.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe77 y38b2 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe78 y38b2 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">2.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe79 y38b2 w26 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">2.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b3 wda h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">Absolute Return Funds<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe7a y38b3 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe7b y38b3 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe7c y38b3 w26 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">0.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe7d y38b3 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe7e y38b3 w36 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4fb y38b3 w37 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b4 w282 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">Insurance Contracts<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe5c y38b4 w36 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe7f y38b4 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">69.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe80 y38b4 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">69.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe81 y38b4 w8c h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe82 y38b4 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">71.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x70a y38b4 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">71.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b5 w6c h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">Cash<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe83 y38b5 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">81.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe67 y38b5 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">20.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe84 y38b5 w3b h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">101.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe85 y38b5 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">34.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe86 y38b5 w2d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">133.2<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe87 y38b5 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">167.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b6 w283 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">Other<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe1d y38b6 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">4.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe1e y38b6 w37 h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">5.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe88 y38b6 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">10.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe89 y38b6 w43 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">(8.5)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe8a y38b6 w43 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">(1.1)<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe8b y38b6 w43 h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls9 ws1\">(9.6)<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xe8c y38b7 w3d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">90.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe8d y38b7 w3b h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">142.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe8e y38b7 w2d h5b\"><div class=\"t m0 x27a h38 y343e ffc7 fs5 fc3 sc0 ls57 ws46\">233.3<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe8f y38b7 w3d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">32.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe90 y38b7 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">293.8<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe91 y38b7 w2d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">326.5<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38b8 wbb h64\"><div class=\"t m0 x27a h39 y34b5 ffc7 fs5 fc3 sc0 ls57 ws46\">Total<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe92 y38b8 w2d h64\"><div class=\"t m0 x27a h39 y34b5 ffc7 fs5 fc3 sc0 ls57 ws46\">641.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe93 y38b8 w3b h64\"><div class=\"t m0 x27a h39 y34b5 ffc7 fs5 fc3 sc0 ls57 ws46\">563.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe94 y38b8 w27 h64\"><div class=\"t m0 x27a h39 y34b5 ffc7 fs5 fc3 sc0 ls57 ws46\">1,205.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe95 y38b9 w2d h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">529.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe96 y38b9 w3b h5d\"><div class=\"t m0 x27a h38 y343e ffc8 fs5 fc3 sc0 ls57 ws46\">646.7</div></td><td class=\"t m0 xe97 h38 y38ba ffc8 fs5 fc3 sc0 ls57 ws46\"> <span class=\"_ _43\"> </span>1,175.7 </td></tr><tr><td class=\"t m0 x301 h38 y38bb ffc8 fs5 fc3 sc0 ls9 ws1\">Present value of scheme liabilities<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y38bc w284 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">(before effect of asset ceiling limit)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe98 y38bc w2b h64\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">(1,178.3)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe99 y38bc w285 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">(1,136.<span class=\"_ _2b\"></span>0)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y38bd ffc8 fs5 fc3 sc0 ls9 ws1\">Net surplus<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y38be w284 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">(before effect of asset ceiling limit)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xbab y38be w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">26.8<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe9a y38be w3d h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">39.7<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y38bf w286 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">Effect of asset ceiling limit<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe9b y38bf w8c h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n x62c y38bf w43 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">(0.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y38c0 ffc8 fs5 fc3 sc0 ls9 ws1\">Present value of scheme liabilities<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y38c1 w287 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">(after effect of asset ceiling limit)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe9c y38c1 w2a h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">(1,178.3)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe9d y38c1 w2a h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">(1,136.1)<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"t m0 x301 h38 y38c2 ffc8 fs5 fc3 sc0 ls9 ws1\">Net surplus<span class=\"_ _2af\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x27b y348b w287 h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls9 ws1\">(after effect of asset ceiling limit)<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe9e y348b w3d h5f\"><div class=\"t m0 x27a h38 y3453 ffc7 fs5 fc3 sc0 ls57 ws46\">26.8<span class=\"_ _2af\"> </span></div></td><td></td><td></td><td class=\"c n xe9f y348b w3f h5e\"><div class=\"t m0 x27a h38 y3453 ffc8 fs5 fc3 sc0 ls57 ws46\">39.6<span class=\"_ _2af\"> </span></div></td></tr></table>*<span class=\"_ _16\"> </span><span class=\"ls58 ws47\">Some inves<span class=\"_ _2b\"></span>tments are in funds which are in themselves not traded in active markets.<span class=\"_ _2af\"> </span></span><div class=\"t m0 h38 ffca fs5 fc3 sc0 ls9 ws1 gs89c\">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 fc3 sc0 ls9 ws1 gs89d\">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 fc3 sc0 ls9 ws1 gs89e\">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 fc3 sc0 ls9 ws1 gs89f\">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 fc3 sc0 ls9 ws1 gs8a0\">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 fc3 sc0 ls57 ws46 gs8a1\">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 fc3 sc0 ls9 ws1 gs8a2\">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 fc3 sc0 ls9 ws1 gs8a3\">The assets do not include any directly owned financial instruments issued<span class=\"_ _1\"></span> by the Group.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffca fs5 fc3 sc0 ls9 ws1 gs8a4\">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 fc3 sc0 ls9 ws1 gs8a5\">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 fc3 sc0 ls9 ws1 gs8a6\">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 fc3 sc0 ls57 ws46 gs8a7\">2023.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffca fs5 fc3 sc0 ls9 ws1 gs8a8\">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 fc3 sc0 ls9 ws1 gs8a9\">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 fc3 sc0 ls9 ws1 gs8aa\">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 fc3 sc0 ls9 ws1 gs8ab\">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 fc3 sc0 ls9 ws1 gs8ac\">website at https://www.horizonpensionscheme.com/library).<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ffc9 fs5 fc1 sc0 ls9 ws1 gs8ae\">IFRIC<span class=\"_ gs15\"> </span>14<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffca fs5 fc3 sc0 ls9 ws1 gs8af\">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 fc3 sc0 ls57 ws46 gs8b0\">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 fc3 sc0 ls9 ws1 gs8b1\">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 fc3 sc0 ls9 ws1 gs8b2\">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 fc3 sc0 ls9 ws1 gs8b3\">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 fc3 sc0 ls9 ws1 gs8b4\">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 fc3 sc0 ls9 ws1 gs8b5\">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 fc3 sc0 ls9 ws1 gs8b6\">until all members have left the scheme.<span class=\"_ _2af\"> </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 fc1 sc0 ls9 ws1 gs8d8\">5.3 Employee benefit expense<span class=\"_ _2af\"> </span></div><div class=\"gs8d9\"><table class=\"s w2bf hc7\" id=\"_545e636f-29cf-4195-9822-1d2481527395\"><tr><td></td><td></td><td class=\"t m0 x2fc h3b y38fe ffce fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 xdc7 h3a y38fe ffcf fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2fe h3a y38ff ffcf fs8 fc3 sc0 ls58 ws47\">Notes<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2ff h3b y38ff ffce fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x457 h3a y38ff ffcf fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y3900 w2c0 h5c\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">Wages and salaries<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xf5b y3900 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">1,431.0<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf5c y3900 w27 h5c\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">1,536.1<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36bd w2c1 h5c\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">Social security costs<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n xf5d y36bd w3b h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">140.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2d8 y36bd w3b h5c\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">152.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y36bf w2c2 h5c\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">Pension costs<span class=\"_ _2af\"> </span></div></td><td></td><td class=\"c n x986 y36bf w3d h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">59.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n x77d y36bf w3d h5c\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">64.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y346a w2c3 h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">Share-based payments<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf5e y346a w26 h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">5.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n x2ee y346a w26 h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">5.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n x655 y346a w26 h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">5.4<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xf5f y3455 w27 h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">1,636.5<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf60 y3455 w27 h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">1,758.1<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffcf fs5 fc3 sc0 ls57 ws46 gs8da\">During 2021, the Group furloughed employees unable to work as a result of the Covid-19 pandemi<span class=\"_ _2b\"></span>c, and </div><div class=\"t m0 h38 ffcf fs5 fc3 sc0 ls9 ws1 gs8db\">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 fc3 sc0 ls9 ws1 gs8dc\">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 fc3 sc0 ls9 ws1 gs8dd\">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 fc3 sc0 ls57 ws46 gs8de\">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 fc3 sc0 ls57 ws46 gs8df\">June 2023.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffcf fs5 fc3 sc0 ls57 ws46 gs8e0\">The aggregate amount of directors\u2019 remuneration (salary, bonus and benefits) is s<span class=\"_ _2b\"></span>hown on page 109 of the </div><div class=\"t m0 h38 ffcf fs5 fc3 sc0 ls9 ws1 gs8e1\">directors\u2019 remuneration report. </div><div class=\"gs8e2\"><table class=\"s w2c4 h7f\" id=\"_81617d92-0fa2-49af-974e-e9d569d1c068\"><tr><td></td><td class=\"t m0 xf62 h3b y3901 ffce fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 xf63 h3a y3901 ffcf fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"t m0 xf64 h3b y3902 ffce fs8 fc3 sc0 ls58 ws47\">The average number of employees during the year was made up as follows:<span class=\"_ _2af\"> </span></td><td class=\"t m0 xf65 h3b y3902 ffce fs8 fc3 sc0 ls58 ws47\">Number<span class=\"_ _2af\"> </span></td><td class=\"t m0 xf66 h3a y3902 ffcf fs8 fc3 sc0 ls58 ws47\">Number<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y35b0 w283 h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">Sales<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf67 y35b0 wdd h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">380<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf68 y35b0 wdd h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">598<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356c w2c5 h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls9 ws1\">Administration<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf69 y356c w2d h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">2,405<span class=\"_ _2af\"> </span></div></td><td class=\"c n xe12 y356c w3b h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">3,093<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3560 w2c6 h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">Operations<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf6a y3560 w2c7 h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">45,104<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf6b y3560 w2c8 h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 sc0 ls57 ws46\">47,509<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xf6c y3455 w2c7 h5b\"><div class=\"t m0 x27a h38 y343e ffce fs5 fc3 sc0 ls57 ws46\">47,889<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf6d y3455 w2c8 h5d\"><div class=\"t m0 x27a h38 y343e ffcf fs5 fc3 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 fc1 sc0 ls9 ws1 gs8e4\">6.1 Related-party transactions </div><div class=\"t m0 h39 ffd0 fs5 fc1 sc0 ls57 ws46 gs8e5\">Compensation of key management personnel<span class=\"_ _2af\"> </span></div><div class=\"gs8e6\"><table class=\"s w5b h7f\" id=\"_5718c723-0366-41bd-8313-7465d2aeaf9f\"><tr><td></td><td class=\"t m0 x3c8 h3b y3903 ffd0 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y3903 ffd1 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2c5 h3b y3904 ffd0 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3904 ffd1 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y356b w2c9 h5d\"><div class=\"t m0 x27a h38 y343e ffd1 fs5 fc3 sc0 ls9 ws1\">Short-term employment benefits<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf6e y356b w62 h5b\"><div class=\"t m0 x27a h38 y343e ffd0 fs5 fc3 sc0 ls57 ws46\">7.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf6f y356b w62 h5d\"><div class=\"t m0 x27a h38 y343e ffd1 fs5 fc3 sc0 ls57 ws46\">7.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356c w2ca h5d\"><div class=\"t m0 x27a h38 y343e ffd1 fs5 fc3 sc0 ls57 ws46\">Pension<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf70 y356c w62 h5b\"><div class=\"t m0 x27a h38 y343e ffd0 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf71 y356c w36 h5d\"><div class=\"t m0 x27a h38 y343e ffd1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3560 w13a h5d\"><div class=\"t m0 x27a h38 y343e ffd1 fs5 fc3 sc0 ls57 ws46\">Share-based payments<span class=\"_ _2af\"> </span></div></td><td class=\"c n x3ea y3560 w62 h5b\"><div class=\"t m0 x27a h38 y343e ffd0 fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ed y3560 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffd1 fs5 fc3 sc0 ls57 ws46\">2.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xc9c y3455 w62 h5b\"><div class=\"t m0 x27a h38 y343e ffd0 fs5 fc3 sc0 ls57 ws46\">9.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf72 y3455 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffd1 fs5 fc3 sc0 ls57 ws46\">9.8<span class=\"_ _2af\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffd1 fs5 fc3 sc0 ls9 ws1 gs8e7\">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 fc3 sc0 ls57 ws46 gs8e8\">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=\"_ _2af\"> </span></span></div><div class=\"t m0 h38 ffd1 fs5 fc3 sc0 ls9 ws1 gs8e9\">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 fc3 sc0 ls9 ws1 gs8ea\">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 fc3 sc0 ls9 ws1 gs8eb\">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 fc3 sc0 ls9 ws1 gs8ec\">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 fc3 sc0 ls9 ws1 gs8ed\">subject to review by Ofgem to ensure that all costs are economically and efficien<span class=\"_ _1\"></span>tly incurred by DCC.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffd1 fs5 fc3 sc0 ls9 ws1 gs8ee\">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 fc3 sc0 ls9 ws1 gs8ef\">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=\"_ _2af\"> </span><table class=\"s w5b h7f\" id=\"_5718c723-0366-41bd-8313-7465d2aeaf9f\"><tr><td></td><td class=\"t m0 x3c8 h3b y3903 ffd0 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y3903 ffd1 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2c5 h3b y3904 ffd0 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3904 ffd1 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y356b w2c9 h5d\"><div class=\"t m0 x27a h38 y343e ffd1 fs5 fc3 sc0 ls9 ws1\">Short-term employment benefits<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf6e y356b w62 h5b\"><div class=\"t m0 x27a h38 y343e ffd0 fs5 fc3 sc0 ls57 ws46\">7.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf6f y356b w62 h5d\"><div class=\"t m0 x27a h38 y343e ffd1 fs5 fc3 sc0 ls57 ws46\">7.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356c w2ca h5d\"><div class=\"t m0 x27a h38 y343e ffd1 fs5 fc3 sc0 ls57 ws46\">Pension<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf70 y356c w62 h5b\"><div class=\"t m0 x27a h38 y343e ffd0 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf71 y356c w36 h5d\"><div class=\"t m0 x27a h38 y343e ffd1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3560 w13a h5d\"><div class=\"t m0 x27a h38 y343e ffd1 fs5 fc3 sc0 ls57 ws46\">Share-based payments<span class=\"_ _2af\"> </span></div></td><td class=\"c n x3ea y3560 w62 h5b\"><div class=\"t m0 x27a h38 y343e ffd0 fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ed y3560 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffd1 fs5 fc3 sc0 ls57 ws46\">2.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xc9c y3455 w62 h5b\"><div class=\"t m0 x27a h38 y343e ffd0 fs5 fc3 sc0 ls57 ws46\">9.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf72 y3455 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffd1 fs5 fc3 sc0 ls57 ws46\">9.8<span class=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </span><table class=\"s w5b h7f\" id=\"_5718c723-0366-41bd-8313-7465d2aeaf9f\"><tr><td></td><td class=\"t m0 x3c8 h3b y3903 ffd0 fs8 fc3 sc0 ls58 ws47\">2023<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c3 h3a y3903 ffd1 fs8 fc3 sc0 ls58 ws47\">2022<span class=\"_ _2af\"> </span></td></tr><tr><td></td><td class=\"t m0 x2c5 h3b y3904 ffd0 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td><td class=\"t m0 x2c6 h3a y3904 ffd1 fs8 fc3 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2af\"> </span></td></tr><tr><td class=\"c n x27b y356b w2c9 h5d\"><div class=\"t m0 x27a h38 y343e ffd1 fs5 fc3 sc0 ls9 ws1\">Short-term employment benefits<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf6e y356b w62 h5b\"><div class=\"t m0 x27a h38 y343e ffd0 fs5 fc3 sc0 ls57 ws46\">7.6<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf6f y356b w62 h5d\"><div class=\"t m0 x27a h38 y343e ffd1 fs5 fc3 sc0 ls57 ws46\">7.6<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y356c w2ca h5d\"><div class=\"t m0 x27a h38 y343e ffd1 fs5 fc3 sc0 ls57 ws46\">Pension<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf70 y356c w62 h5b\"><div class=\"t m0 x27a h38 y343e ffd0 fs5 fc3 sc0 ls57 ws46\">0.1<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf71 y356c w36 h5d\"><div class=\"t m0 x27a h38 y343e ffd1 fs5 fc3 sc0 ls9 ws1\">\u2014<span class=\"_ _2af\"> </span></div></td></tr><tr><td class=\"c n x27b y3560 w13a h5d\"><div class=\"t m0 x27a h38 y343e ffd1 fs5 fc3 sc0 ls57 ws46\">Share-based payments<span class=\"_ _2af\"> </span></div></td><td class=\"c n x3ea y3560 w62 h5b\"><div class=\"t m0 x27a h38 y343e ffd0 fs5 fc3 sc0 ls57 ws46\">1.7<span class=\"_ _2af\"> </span></div></td><td class=\"c n x4ed y3560 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffd1 fs5 fc3 sc0 ls57 ws46\">2.2<span class=\"_ _2af\"> </span></div></td></tr><tr><td></td><td class=\"c n xc9c y3455 w62 h5b\"><div class=\"t m0 x27a h38 y343e ffd0 fs5 fc3 sc0 ls57 ws46\">9.4<span class=\"_ _2af\"> </span></div></td><td class=\"c n xf72 y3455 w62 h5d\"><div class=\"t m0 x27a h38 y343e ffd1 fs5 fc3 sc0 ls57 ws46\">9.8<span class=\"_ _2af\"> </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=\"_ _2af\"> </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 fc1 sc0 ls9 ws1 gs8f1\">6.2 Contingent liabilities </div><div class=\"t m0 h38 ffd1 fs5 fc3 sc0 ls9 ws1 gs8f2\">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 fc3 sc0 ls9 ws1 gs8f3\">measured reliably.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffd1 fs5 fc3 sc0 ls57 ws46 gs8f4\">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 fc3 sc0 ls57 ws46 gs8f5\">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 fc3 sc0 ls9 ws1 gs8f6\">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 fc3 sc0 ls9 ws1 gs8f7\">exposure is counter-indemnified by Clarity Travel Limited.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffd1 fs5 fc3 sc0 ls9 ws1 gs8f9\">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 fc3 sc0 ls9 ws1 gs8fa\">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 fc3 sc0 ls9 ws1 gs8fb\">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 fc3 sc0 ls9 ws1 gs8fc\">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 fc3 sc0 ls9 ws1 gs8fd\">impairment of contract assets.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffd1 fs5 fc3 sc0 ls9 ws1 gs8fe\">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 fc3 sc0 ls9 ws1 gs8ff\">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 fc3 sc0 ls9 ws1 gs900\">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 fc3 sc0 ls9 ws1 gs901\">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 fc3 sc0 ls9 ws1 gs902\">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 fc3 sc0 ls9 ws1 gs903\">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 fc3 sc0 ls9 ws1 gs904\">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 fc3 sc0 ls9 ws1 gs905\">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 fc3 sc0 ls9 ws1 gs906\">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 fc3 sc0 ls9 ws1 gs907\">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 fc3 sc0 ls9 ws1 gs908\">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 fc3 sc0 ls9 ws1 gs909\">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 fc3 sc0 ls9 ws1 gs90a\">possible to reliably estimate the potential value of any potential futu<span class=\"_ _1\"></span>re claim or penalty against the Group.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffd1 fs5 fc3 sc0 ls9 ws1 gs90b\">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 fc3 sc0 ls9 ws1 gs90c\">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 fc3 sc0 ls9 ws1 gs90d\">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 fc3 sc0 ls9 ws1 gs90e\">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 fc3 sc0 ls9 ws1 gs90f\">required due to the probability assessment.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffd1 fs5 fc3 sc0 ls9 ws1 gs910\">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 fc3 sc0 ls9 ws1 gs911\">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 fc3 sc0 ls9 ws1 gs912\">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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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=\"_ _2af\"> </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 fc1 sc0 ls9 ws1 gs914\">6.3 Post balance sheet events<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffd1 fs5 fc3 sc0 ls9 ws1 gs915\">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 fc3 sc0 ls9 ws1 gs916\">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=\"_ _2af\"> </span></span></span></div><div class=\"t m0 h39 ffd0 fs5 fc1 sc0 ls57 ws46 gs917\">Disposal of Fera<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffd1 fs5 fc3 sc0 ls57 ws46 gs918\">The disposal of the Group\u2019s 75% shareholding in Fera Science Limited (Fera) to a fund m<span class=\"_ _2b\"></span>anaged by </div><div class=\"t m0 h38 ffd1 fs5 fc3 sc0 ls57 ws46 gs919\">Bridgepoint Development Capital completed on 17<span class=\"_ gs15\"> </span>January 2024.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffd1 fs5 fc3 sc0 ls9 ws1 gs91a\">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 fc3 sc0 ls9 ws1 gs91b\">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 fc3 sc0 ls9 ws1 gs91c\">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 fc3 sc0 ls57 ws46 gs91d\">c.\u00a39m, of which \u00a33.5m were recognised in 2022 and 2023.<span class=\"_ _2af\"> </span></div><div class=\"t m0 h39 ffd0 fs5 fc1 sc0 ls57 ws46 gs91e\">Contract with major European telecoms provider<span class=\"_ _2af\"> </span></div><div class=\"t m0 h38 ffd1 fs5 fc3 sc0 ls9 ws1 gs91f\">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 fc3 sc0 ls9 ws1 gs920\">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 fc3 sc0 ls9 ws1 gs921\">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 fc3 sc0 ls9 ws1 gs922\">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=\"_ _e7\"></span><span class=\"ls9\"> </span>65 Gresham Street<span class=\"_ _e7\"></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"
   }
  }
 }
}