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   "value": "Energy supply<span class=\"_ _1\"></span> for<span class=\"_ _2b7\"> </span>residential and<span class=\"_ _1\"></span> small<span class=\"_ _2b7\"> </span>business cust<span class=\"_ _1\"></span>omers<span class=\"_ _3\"></span> in England,<span class=\"_ _1\"></span> Scotland<span class=\"_ _2b7\"> </span>an<span class=\"_ _3\"></span>d Wa<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>s<span class=\"_ _2b7\"> </span>Br<span class=\"_ _3\"></span>itis<span class=\"_ _3\"></span>h Gas En<span class=\"_ _3\"></span>erg<span class=\"_ _3\"></span>y is<span class=\"_ _2b7\"> </span>transitioni<span class=\"_ _1\"></span>ng onto<span class=\"_ _1\"></span> a<span class=\"_ _2b7\"> </span>new digital<span class=\"_ _1\"></span> platform<span class=\"_ _2b7\"> </span>to lower c<span class=\"_ _3\"></span>ost pe<span class=\"_ _3\"></span>r<span class=\"_ _2b7\"> </span>customer and<span class=\"_ _2b7\"> </span>improv<span class=\"_ _1\"></span>e ser<span class=\"_ _3\"></span>vice<span class=\"_ _2b7\"> </span>Ser<span class=\"_ _3\"></span>vices and<span class=\"_ _2b7\"> </span>solutions<span class=\"_ _1\"></span> for<span class=\"_ _2b7\"> </span>residential<span class=\"_ _2b7\"> </span>cust<span class=\"_ _1\"></span>ome<span class=\"_ _3\"></span>rs In<span class=\"_ _2b7\"> </span>England,<span class=\"_ _1\"></span> Sc<span class=\"_ _3\"></span>ot<span class=\"_ _1\"></span>la<span class=\"_ _3\"></span>nd,<span class=\"_ _2b7\"> </span>an<span class=\"_ _3\"></span>d Wa<span class=\"_ _3\"></span>l<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>s<span class=\"_ _2b7\"> </span>Ser<span class=\"_ _3\"></span>vices &amp; Solutions<span class=\"_ _2b7\"> </span>is foc<span class=\"_ _3\"></span>use<span class=\"_ _3\"></span>d on fix<span class=\"_ _3\"></span>ing<span class=\"_ _3\"></span> de<span class=\"_ _3\"></span>live<span class=\"_ _3\"></span>r<span class=\"_ _3\"></span>y and h<span class=\"_ _3\"></span>elp<span class=\"_ _3\"></span>ing<span class=\"_ _3\"></span> cust<span class=\"_ _1\"></span>ome<span class=\"_ _3\"></span>rs with<span class=\"_ _1\"></span> the<span class=\"_ _2b7\"> </span>energy transit<span class=\"_ _1\"></span>ion<span class=\"_ _2b7\"> </span>Bord G<span class=\"_ _3\"></span>\u00e1i<span class=\"_ _3\"></span>s is<span class=\"ls0\"> </span>an established<span class=\"_ _3\"></span> business with<span class=\"_ _2b7\"> </span>opportunit<span class=\"_ _3\"></span>y t<span class=\"_ _1\"></span>o<span class=\"_ _2b7\"> </span>explo<span class=\"_ _3\"></span>re futu<span class=\"_ _3\"></span>re<span class=\"_ _2b7\"> </span>grow<span class=\"_ _3\"></span>th<span class=\"_ _2b7\"> </span>Centrica Business<span class=\"_ _2b7\"> </span>Solutions is<span class=\"_ _2b7\"> </span>refocusi<span class=\"_ _1\"></span>ng on its<span class=\"_ _2b7\"> </span>str<span class=\"_ _b\"></span>engths<span class=\"_ _1\"></span> in supply<span class=\"_ _2b7\"> </span>and ser<span class=\"_ _3\"></span>vices<span class=\"ls0 ws0\"> </span>and increasing<span class=\"_ _2b7\"> </span>inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> in energ<span class=\"_ _1\"></span>y<span class=\"_ _2b7\"> </span>trans<span class=\"_ _3\"></span>itio<span class=\"_ _3\"></span>n asse<span class=\"_ _3\"></span>ts<span class=\"_ _2b7\"> </span>Energy supply<span class=\"_ _2b7\"> </span>ser<span class=\"_ _3\"></span>vices and<span class=\"_ _2b7\"> </span>solutions<span class=\"_ _1\"></span> for<span class=\"_ _2b7\"> </span>residential and<span class=\"_ _2b7\"> </span>business cust<span class=\"_ _1\"></span>omers<span class=\"_ _3\"></span> in the R<span class=\"_ _3\"></span>epu<span class=\"_ _3\"></span>bli<span class=\"_ _3\"></span>c of<span class=\"_ _2b7\"> </span>Irela<span class=\"_ _3\"></span>nd<span class=\"_ _2b7\"> </span>Energy supply<span class=\"_ _1\"></span> a<span class=\"_ _3\"></span>nd<span class=\"_ _2b7\"> </span>low carbon solution<span class=\"_ _1\"></span>s<span class=\"_ _2b7\"> </span>for businesses<span class=\"_ _b\"></span>,<span class=\"_ _2b7\"> </span>building and<span class=\"_ _2b7\"> </span>operating a<span class=\"_ _1\"></span> por<span class=\"_ _3\"></span>tfolio<span class=\"_ _2b7\"> </span>of fle<span class=\"_ _1\"></span>xible assets<span class=\"_ _2b7\"> </span>Ene<span class=\"_ _3\"></span>rgy M<span class=\"_ _3\"></span>arketi<span class=\"_ _3\"></span>ng &amp;<span class=\"_ _2b7\"> </span>T<span class=\"_ _1\"></span>radin<span class=\"_ _3\"></span>g is an<span class=\"_ _3\"></span> established business<span class=\"_ _2b7\"> </span>wi<span class=\"_ _3\"></span>th prove<span class=\"_ _3\"></span>n<span class=\"_ _2b7\"> </span>capabilit<span class=\"_ _3\"></span>y ready<span class=\"ls0 ws0\"> </span>to<span class=\"_ _1\"></span> grow further<span class=\"_ _2b7\"> </span>Centrica Storage<span class=\"_ _2b7\"> </span>has an opportunity<span class=\"_ _2b7\"> </span>to<span class=\"_ _1\"></span> explore its<span class=\"_ _1\"></span> role<span class=\"ls0 ws0\"> </span>in the f<span class=\"_ _3\"></span>utu<span class=\"_ _3\"></span>re of<span class=\"_ _2b7\"> </span>hy<span class=\"_ _1\"></span>drogen<span class=\"_ _2b7\"> </span>Spirit has an<span class=\"_ _2b7\"> </span>opportunit<span class=\"_ _3\"></span>y t<span class=\"_ _1\"></span>o<span class=\"_ _2b7\"> </span>explore<span class=\"_ _1\"></span> its role in<span class=\"_ _1\"></span> the<span class=\"_ _2b7\"> </span>fu<span class=\"_ _3\"></span>ture of hyd<span class=\"_ _3\"></span>roge<span class=\"_ _3\"></span>n<span class=\"_ _2b7\"> </span>and carbon<span class=\"_ _1\"></span> capture<span class=\"_ _2b7\"> </span>We have a 20%<span class=\"_ _2b7\"> </span>min<span class=\"_ _3\"></span>ori<span class=\"_ _3\"></span>ty s<span class=\"_ _3\"></span>take in a<span class=\"_ _3\"></span> declining port<span class=\"_ _3\"></span>folio<span class=\"_ _1\"></span>,<span class=\"_ _2b7\"> </span>Centrica is e<span class=\"_ _1\"></span>xplor<span class=\"_ _3\"></span>ing<span class=\"_ _2b7\"> </span>further in<span class=\"_ _1\"></span>vestm<span class=\"_ _1\"></span>ent in<span class=\"_ _2b7\"> </span>nuclear generation<span class=\"_ _2b7\"> </span>T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> and<span class=\"_ _3\"></span> optim<span class=\"_ _3\"></span>is<span class=\"_ _3\"></span>ation of<span class=\"_ _3\"></span> energy glob<span class=\"_ _1\"></span>ally<span class=\"_ _1\"></span>,<span class=\"_ _2b7\"> </span>managing energy<span class=\"_ _2b7\"> </span>procuremen<span class=\"_ _b\"></span>t<span class=\"ls0 ws0\"> </span>and r<span class=\"_ _3\"></span>isk<span class=\"_ _2b7\"> </span>Storing and<span class=\"_ _2b7\"> </span>producing gas<span class=\"_ _1\"></span> to<span class=\"_ _2b7\"> </span>manage seasonal<span class=\"_ _2b7\"> </span>demand<span class=\"_ _1\"></span> and energy<span class=\"_ _2b7\"> </span>security<span class=\"_ _2b7\"> </span>Oil a<span class=\"_ _3\"></span>nd g<span class=\"_ _3\"></span>as<span class=\"_ _2b7\"> </span>production<span class=\"_ _b\"></span> in<span class=\"_ _2b7\"> </span>exis<span class=\"_ _3\"></span>ting U<span class=\"_ _3\"></span>K ass<span class=\"_ _3\"></span>ets<span class=\"_ _2b7\"> </span>Minority stake<span class=\"_ _1\"></span> in the<span class=\"_ _2b7\"> </span>UKs p<span class=\"_ _3\"></span>or<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>foli<span class=\"_ _3\"></span>o of<span class=\"_ _2b7\"> </span>existing nuclear<span class=\"_ _2b7\"> </span>power stat<span class=\"_ _1\"></span>ions",
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   "value": "Notes to the Financial Statements provide additional<span class=\"_ _2b7\"> </span>information required by statute, accounting standards or<span class=\"_ _2b7\"> </span>Listing Rules to explain a particular feature of the<span class=\"_ _2b7\"> </span>consolidated Financial Statements.<span class=\"_ _2b7\"> </span>The notes to these Financial Statements focus on areas<span class=\"_ _2b7\"> </span>that are key to understanding our business. Additional<span class=\"_ _2b7\"> </span>information that we are required to disclose by<span class=\"_ _2b7\"> </span>accounting standards or regulation is disclosed in the<span class=\"_ _2b7\"> </span>Supplementary Information (notes S1 to S11).<span class=\"_ _2b7\"> </span>In addition, for clarity, notes begin with a simple<span class=\"_ _2b7\"> </span>introduction outlining its purpose.<span class=\"_ _2b7\"> </span>1.<span class=\"_ _83\"> </span>Basis of preparation and summary of<span class=\"_ _2b7\"> </span>significant new accounting policies and<span class=\"_ _2b7\"> </span>reporting changes<span class=\"_ _2b7\"> </span>This section details new accounting standards,<span class=\"_ _2b7\"> </span>amendments to standards and interpretations, whether<span class=\"_ _2b7\"> </span>these are effective in 2022 or later years, and if and how<span class=\"_ _2b7\"> </span>these are expected to impact the financial position and<span class=\"_ _2b7\"> </span>performance of the Group.<span class=\"_ _2b7\"> </span>The principal accounting policies applied in the preparation of these<span class=\"_ _2b7\"> </span>consolidated Financial Statements are set out below and in the<span class=\"_ _2b7\"> </span>Supplementary Information (note S2). Unless otherwise stated,<span class=\"_ _2b7\"> </span>these policies have been consistently applied to the years<span class=\"_ _2b7\"> </span>presented.<span class=\"_ _2b7\"> </span>(a)<span class=\"_ _167\"> </span><span class=\"fca\">Basis of preparation<span class=\"_ _2b7\"> </span></span>The consolidated Financial Statements have been prepared in<span class=\"_ _2b7\"> </span>accordance with the United Kingdom adopted International<span class=\"_ _2b7\"> </span>Accounting Standards, with International Financial Reporting<span class=\"_ _2b7\"> </span>Standards as issued by the IASB and in conformity with the<span class=\"_ _2b7\"> </span>requirements of the Companies Act 2006.<span class=\"_ _2b7\"> </span>The consolidated Financial Statements have been prepared on the<span class=\"_ _2b7\"> </span>historical cost basis except for: certain gas inventory, derivative<span class=\"_ _2b7\"> </span>financial instruments, financial instruments required to be measured<span class=\"_ _2b7\"> </span>at fair value through profit or loss or other comprehensive income,<span class=\"_ _2b7\"> </span>and those financial instruments so designated at initial recognition,<span class=\"_ _2b7\"> </span>and the assets of the Group\u2019s defined benefit pension schemes<span class=\"_ _2b7\"> </span>that have been measured at fair value; the liabilities of the Group\u2019s<span class=\"_ _2b7\"> </span>defined benefit pension schemes that have been measured using<span class=\"_ _2b7\"> </span>the projected unit credit valuation method; and the carrying values<span class=\"_ _2b7\"> </span>of recognised assets and liabilities qualifying as hedged items in fair<span class=\"_ _2b7\"> </span>value hedges that have been adjusted from cost by the changes in<span class=\"_ _2b7\"> </span>the fair values attributable to the risks that are being hedged.<span class=\"_ _2b7\"> </span>The Directors have, at the time of approving the financial<span class=\"_ _2b7\"> </span>statements, a reasonable expectation that the Company and<span class=\"_ _2b7\"> </span>Group have adequate resources to continue in operational<span class=\"_ _2b7\"> </span>existence for the foreseeable future, which reflects a period of<span class=\"_ _2b7\"> </span>twelve months from the date of approval of the accounts, with<span class=\"_ _2b7\"> </span>modelled analysis extending to 31 December 2024. The scenarios<span class=\"_ _2b7\"> </span>considered as part of the going concern assessment are consistent<span class=\"_ _2b7\"> </span>with those used in the longer-term viability statement. In particular,<span class=\"_ _2b7\"> </span>cash forecasts for the Group have been stress-tested for different<span class=\"_ _2b7\"> </span>scenarios including reasonably possible increases/decreases in<span class=\"_ _2b7\"> </span>commodity prices and the risk scenarios described in the viability<span class=\"_ _2b7\"> </span>statement, assessing reasonably possible combinations of risks,<span class=\"_ _2b7\"> </span>the largest of which is the increased margin outflows in our trading<span class=\"_ _2b7\"> </span>and upstream businesses.  Risks considered also include the<span class=\"_ _2b7\"> </span>impact of significant adverse weather events, increased bad debt<span class=\"_ _2b7\"> </span>charges due to the cost of living crisis, the risk of financial loss due<span class=\"_ _2b7\"> </span>to counterparty default and production falls in the Group\u2019s<span class=\"_ _2b7\"> </span>upstream business. Due to the elevated and more volatile<span class=\"_ _2b7\"> </span>commodity prices in 2022, the Group has established enhanced<span class=\"_ _2b7\"> </span>processes in the trading business and in respect of Upstream to<span class=\"_ _2b7\"> </span>plan for and manage possible increases in margin cash<span class=\"_ _2b7\"> </span>requirements. The largest margin outflow modelled in the going<span class=\"_ _2b7\"> </span>concern scenarios is significantly in excess of actual margin<span class=\"_ _2b7\"> </span>requirements experienced in 2021 and 2022. Following this work,<span class=\"_ _2b7\"> </span>the level of undrawn committed bank facilities and available cash<span class=\"_ _2b7\"> </span>resources has enabled the Directors to conclude that there are no<span class=\"_ _2b7\"> </span>material uncertainties relating to going concern. As a result, the<span class=\"_ _2b7\"> </span>Group continues to adopt the going concern basis of accounting in<span class=\"_ _2b7\"> </span>preparing the financial statements. Further information on the<span class=\"_ _2b7\"> </span>Group\u2019s strong liquidity position, including its indebtedness and<span class=\"_ _2b7\"> </span>available committed facilities is provided in note 24.<span class=\"_ _2b7\"> </span>The preparation of financial statements in conformity with IFRS<span class=\"_ _2b7\"> </span>requires the use of certain critical accounting estimates. It requires<span class=\"_ _2b7\"> </span>management to exercise its judgement in the process of applying<span class=\"_ _2b7\"> </span>the Group\u2019s accounting policies. The areas involving a higher<span class=\"_ _2b7\"> </span>degree of judgement or complexity and areas where assumptions<span class=\"_ _2b7\"> </span>and estimates are significant to the consolidated Financial<span class=\"_ _2b7\"> </span>Statements are described in notes 2 and 3.<span class=\"_ _2b7\"> </span>(b)<span class=\"_ _a9\"> </span><span class=\"fca\">New accounting policies, standards, amendments<span class=\"_ _2b7\"> </span></span>and interpretations effective or adopted in 2022<span class=\"_ _2b7\"> </span>From 1 January 2022, the following standards and amendments<span class=\"_ _2b7\"> </span>are effective in the Group\u2019s consolidated Financial Statements:<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Amendments to IAS 37 \u2018Provisions, Contingent Liabilities and<span class=\"_ _2b7\"> </span></span>Contingent Assets\u2019, costs of fulfilling a contract;<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Amendments to IAS 16: \u2018Property, Plant and Equipment\u2019, sale<span class=\"_ _2b7\"> </span></span>proceeds before intended use;<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Amendments to IFRS 3 \u2018Business Combinations\u2019, reference to<span class=\"_ _2b7\"> </span></span>the Conceptual Framework; and<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Annual improvements to IFRS 2018-2020.<span class=\"_ _2b7\"> </span></span>These changes and other amendments effective during the year did<span class=\"_ _2b7\"> </span>not materially impact the consolidated Financial Statements.<span class=\"_ _2b7\"> </span>Customer Support Schemes<span class=\"_ _2b7\"> </span>During the year the UK Government announced three new support<span class=\"_ _2b7\"> </span>schemes to provide support for customers during the cost-of-living<span class=\"_ _2b7\"> </span>crisis.<span class=\"_ _2b7\"> </span>The Energy Bill Support Scheme (EBSS) requires energy suppliers<span class=\"_ _2b7\"> </span>to provide electricity customers with a \u00a3400 benefit spread over the<span class=\"_ _2b7\"> </span>six-month winter period. The Group is providing this support to<span class=\"_ _2b7\"> </span>customers as either a cash benefit, or a credit to their energy<span class=\"_ _2b7\"> </span>account depending on their payment type. Energy suppliers are<span class=\"_ _2b7\"> </span>receiving funding monthly in advance from the Government. Cash<span class=\"_ _2b7\"> </span>is restricted until the payment, or account credit, is applied to<span class=\"_ _2b7\"> </span>customers\u2019 accounts. Since the beginning of the EBSS scheme on<span class=\"_ _2b7\"> </span>1 October 2022, the Group has received funding of \u00a31,565 million<span class=\"_ _2b7\"> </span>from the Government. \u00a3440 million of this balance primarily relates<span class=\"_ _2b7\"> </span>to funding received in December and is disclosed as restricted<span class=\"_ _2b7\"> </span>cash. A corresponding liability is recognised on the Group\u2019s<span class=\"_ _2b7\"> </span>balance sheet until the EBSS support is applied to customer<span class=\"_ _2b7\"> </span>accounts in January 2023, see note 24 for further details.<span class=\"_ _2b7\"> </span>Notes to the Financial Statements<span class=\"_ _2b7\"> </span>1.<span class=\"_ _83\"> </span>Basis of preparation and summary of<span class=\"_ _2b7\"> </span>significant new accounting policies and<span class=\"_ _2b7\"> </span>reporting changes<span class=\"_ _2b7\"> </span>The Energy Price Guarantee (EPG) scheme sets a government<span class=\"_ _2b7\"> </span>supported unit price for both gas and electricity for domestic<span class=\"_ _2b7\"> </span>customers at a level below the quarterly-calculated price cap.<span class=\"_ _2b7\"> </span>The EPG tariff rates are expected to reduce the average annual<span class=\"_ _2b7\"> </span>domestic household bill for the period from 1 October 2022 to<span class=\"_ _2b7\"> </span>31 March 2023 to approximately \u00a32,500 per annum. EPG rates will<span class=\"_ _2b7\"> </span>increase to approximately \u00a33,000 per annum from 1 April 2023 and<span class=\"_ _2b7\"> </span>are expected to remain in place until 31 March 2024. The<span class=\"_ _2b7\"> </span>Government is compensating energy suppliers for the difference<span class=\"_ _2b7\"> </span>between the previously expected price cap and the reduced EPG<span class=\"_ _2b7\"> </span>rates with payments made in arrears. Since the start of the EPG<span class=\"_ _2b7\"> </span>scheme in October, the Group has recognised \u00a3706 million of<span class=\"_ _2b7\"> </span>revenue relating to the supply of electricity and \u00a3833 million relating<span class=\"_ _2b7\"> </span>to the supply of gas from the Government, of which a total of<span class=\"_ _2b7\"> </span>\u00a3153 million is recognised as a trade receivable on the balance<span class=\"_ _2b7\"> </span>sheet at the year-end date. The Group estimates and recognises<span class=\"_ _2b7\"> </span>revenue in accordance with existing Group policy and then applies<span class=\"_ _2b7\"> </span>the EPG discounts. Charges are recoverable from customers<span class=\"_ _2b7\"> </span>based on the net figure, with the EPG discount recoverable from<span class=\"_ _2b7\"> </span>the Government.<span class=\"_ _2b7\"> </span>The Energy Bill Relief Scheme (EBRS) scheme has been introduced<span class=\"_ _2b7\"> </span>for non-domestic customers, providing government supported unit<span class=\"_ _2b7\"> </span>rates at \u00a3211/MWh for electricity and \u00a375/MWh for gas. EBRS<span class=\"_ _2b7\"> </span>support is calculated on the differential between the EBRS rate,<span class=\"_ _2b7\"> </span>and the wholesale price of electricity or gas at either the inception<span class=\"_ _2b7\"> </span>of a customer\u2019s fixed price contract, or the date of delivery for<span class=\"_ _2b7\"> </span>variable, deemed and all other contracts, subject to a maximum<span class=\"_ _2b7\"> </span>discount. Since the EBRS scheme became effective from October<span class=\"_ _2b7\"> </span>2022, the Group has recognised \u00a3219 million of revenue from the<span class=\"_ _2b7\"> </span>Government of which \u00a3131 million is recognised as a trade<span class=\"_ _2b7\"> </span>receivable on the balance sheet at the year-end date. The EBRS<span class=\"_ _2b7\"> </span>scheme is expected to end on 31 March 2023. Similar to the EPG<span class=\"_ _1\"></span>,<span class=\"_ _2b7\"> </span>the Group recognises revenue based on existing estimation and<span class=\"_ _2b7\"> </span>measurement processes with the EBRS discount applied and<span class=\"_ _2b7\"> </span>subsequently recovered from the Government.<span class=\"_ _2b7\"> </span>The Group has determined that it is appropriate to apply the<span class=\"_ _2b7\"> </span>requirements of IFRS 15 \u2018Revenue from Contracts with Customers\u2019<span class=\"_ _2b7\"> </span>where the Government is effectively settling a portion of customers\u2019<span class=\"_ _2b7\"> </span>energy bills. This is on the basis that the Group remains entitled to<span class=\"_ _2b7\"> </span>receive consideration for the supply of electricity and gas based on<span class=\"_ _2b7\"> </span>either the existing price cap structure or customers\u2019 fixed or<span class=\"_ _2b7\"> </span>variable priced contracts and the transaction price is unchanged.<span class=\"_ _2b7\"> </span>The trade receivable arising from the supply of energy is settled<span class=\"_ _2b7\"> </span>both by the customer, and the Government. The Group observes<span class=\"_ _2b7\"> </span>that the alternative application of IAS 20 \u2018Government Grants\u2019<span class=\"_ _2b7\"> </span>would have resulted in a similar accounting outcome.<span class=\"_ _2b7\"> </span>Pension Scheme Loan Arrangement<span class=\"_ _2b7\"> </span>As a result of the turbulence in longer-dated UK Government debt<span class=\"_ _2b7\"> </span>markets during the second half of the year, the Group provided a<span class=\"_ _2b7\"> </span>loan facility to the Group\u2019s three defined benefit pension schemes.<span class=\"_ _2b7\"> </span>The facility amounted to \u00a3550 million, of which \u00a3400 million<span class=\"_ _2b7\"> </span>remained outstanding at the reporting date. Interest on the loan is<span class=\"_ _2b7\"> </span>calculated based on the Bank of England base rate plus 1%;<span class=\"_ _2b7\"> </span>interest accrues over the two-year term of the loan and is paid by<span class=\"_ _2b7\"> </span>the pension schemes at maturity. See note 22 for further details.<span class=\"_ _2b7\"> </span>The Group has recognised the loan as a financial asset under<span class=\"_ _2b7\"> </span>IFRS 9 \u2018Financial Instruments\u2019 measured at amortised cost and<span class=\"_ _2b7\"> </span>classified the receivable within securities on the Group\u2019s balance<span class=\"_ _2b7\"> </span>sheet. Correspondingly, the loan liability has been deducted from<span class=\"_ _2b7\"> </span>plan assets on the basis that the loan does not relate to employee<span class=\"_ _2b7\"> </span>benefits (scheme liabilities) in accordance with IAS 19.<span class=\"_ _2b7\"> </span>(c)<span class=\"_ _167\"> </span><span class=\"fca\">Standards and amendments that are issued but<span class=\"_ _2b7\"> </span></span>not yet applied by the Group<span class=\"_ _2b7\"> </span>At the date of authorisation of these consolidated Financial<span class=\"_ _2b7\"> </span>Statements, the Group has not applied the following new and<span class=\"_ _2b7\"> </span>revised standards and amendments that have been issued but are<span class=\"_ _2b7\"> </span>not yet effective:<span class=\"_ _2b7\"> </span>The following standard has been issued, endorsed and will be<span class=\"_ _2b7\"> </span>applied to the Group in future periods:<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">IFRS 17 \u2018Insurance Contracts\u2019, effective from 1 January 2023.<span class=\"_ _2b7\"> </span></span>The following standards and amendments have been issued,<span class=\"_ _2b7\"> </span>endorsed and will be applied to the Group in future periods, subject<span class=\"_ _2b7\"> </span>to UK endorsement:<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Amendments to IAS 1 \u2018Presentation of Financial Statements\u2019:<span class=\"_ _2b7\"> </span></span>\u2013<span class=\"_ _132\"> </span>Disclosure of accounting policies and materiality judgements,<span class=\"_ _2b7\"> </span>effective 1 January 2023;<span class=\"_ _2b7\"> </span>\u2013<span class=\"_ _132\"> </span>Classification of liabilities as current or non-current, effective<span class=\"_ _2b7\"> </span>1 January 2024; and<span class=\"_ _2b7\"> </span>\u2013<span class=\"_ _132\"> </span>Non-current liabilities with covenants, effective 1 January<span class=\"_ _2b7\"> </span>2024.<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Amendments to IAS 8 \u2018Accounting policies, Changes in<span class=\"_ _2b7\"> </span></span>Accounting Estimates and Errors\u2019; effective from 1 January 2023;<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Amendments to IAS 12 \u2018Income Taxes\u2019; effective from 1 January<span class=\"_ _2b7\"> </span></span>2023; and<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Amendments to IFRS 16 \u2018Leases\u2019; effective from 1 January<span class=\"_ _2b7\"> </span></span>2024.<span class=\"_ _2b7\"> </span>IFRS 17 will be effective from 1 January 2023. The Group currently<span class=\"_ _2b7\"> </span>has fixed-fee service contracts that it accounts for as insurance<span class=\"_ _2b7\"> </span>contracts under IFRS 4 \u2018Insurance Contracts\u2019. The Group has<span class=\"_ _2b7\"> </span>completed its assessment of IFRS 17 and expects these contracts<span class=\"_ _2b7\"> </span>to fall within the scope of IFRS 17 where the Group reflects an<span class=\"_ _2b7\"> </span>assessment of the risk associated with an individual customer in<span class=\"_ _2b7\"> </span>setting the price of the contract. The Group will apply the simplified<span class=\"_ _2b7\"> </span>\u2018Premium Allocation Approach\u2019 to its contracts on the basis that<span class=\"_ _2b7\"> </span>the coverage period of the Group\u2019s insurance contracts is not<span class=\"_ _2b7\"> </span>greater than one year. The Group does not expect a material<span class=\"_ _2b7\"> </span>impact from the application of this standard.<span class=\"_ _2b7\"> </span>Management does not expect other issued but not effective<span class=\"_ _2b7\"> </span>amendments or standards, or standards not discussed above to<span class=\"_ _2b7\"> </span>have a material impact on the consolidated Financial Statements.<span class=\"_ _2b7\"> </span>2.<span class=\"_ _83\"> </span>Centrica<span class=\"_ _1\"></span> specific accounting measures<span class=\"_ _2b7\"> </span>This section sets out the Group\u2019s specific accounting<span class=\"_ _2b7\"> </span>measures applied in the preparation of the consolidated<span class=\"_ _2b7\"> </span>Financial Statements. These measures enable the users<span class=\"_ _2b7\"> </span>of the accounts to understand the Group\u2019s underlying<span class=\"_ _2b7\"> </span>and statutory business performance separately.<span class=\"_ _2b7\"> </span>(a)<span class=\"_ _167\"> </span><span class=\"fca\">Use of adjusted performance measures<span class=\"_ _2b7\"> </span></span>The Directors believe that reporting adjusted measures (revenue,<span class=\"_ _2b7\"> </span>margin, profit, earnings per share and cash flow) provides<span class=\"_ _2b7\"> </span>additional useful information on business performance and<span class=\"_ _2b7\"> </span>underlying trends. These measures are used for internal<span class=\"_ _2b7\"> </span>performance purposes, are not defined terms under IFRS and may<span class=\"_ _2b7\"> </span>not be comparable with similarly titled measures reported by other<span class=\"_ _2b7\"> </span>companies.<span class=\"_ _2b7\"> </span>Management uses adjusted revenue, adjusted gross margin and<span class=\"_ _2b7\"> </span>adjusted operating profit to evaluate segment performance. They<span class=\"_ _2b7\"> </span>are defined as revenue/gross margin/operating profit before:<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">exceptional items; and<span class=\"_ _2b7\"> </span></span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">certain re-measurements.<span class=\"_ _2b7\"> </span></span>Exceptional items and certain re-measurements are excluded<span class=\"_ _2b7\"> </span>because these items are considered by the Directors to distort the<span class=\"_ _1\"></span> Group\u2019s underlying business performance. See section (b) of this<span class=\"_ _2b7\"> </span>note for further details. Similarly, for Segmental adjusted operating<span class=\"_ _2b7\"> </span>profit, the impact of the Group\u2019s profit share is excluded because<span class=\"_ _2b7\"> </span>management considers it unrelated to Segmental business<span class=\"_ _2b7\"> </span>performance.<span class=\"_ _2b7\"> </span>Adjusted earnings is defined as earnings before:<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">exceptional items net of taxation; and<span class=\"_ _2b7\"> </span></span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">certain re-measurements net of taxation.<span class=\"_ _2b7\"> </span></span>A reconciliation of adjusted earnings and adjusted earnings per<span class=\"_ _2b7\"> </span>share is provided in note 10.<span class=\"_ _2b7\"> </span>Free cash flow is used by management to assess the cash<span class=\"_ _2b7\"> </span>generating performance of each segment. Segmental free cash<span class=\"_ _2b7\"> </span>flow is defined as net cash flow from operating and investing<span class=\"_ _2b7\"> </span>activities before:<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">deficit reduction payments made to the UK defined benefit<span class=\"_ _2b7\"> </span></span>pension schemes;<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">movements in variation margin and collateral;<span class=\"_ _2b7\"> </span></span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">interest received;<span class=\"_ _2b7\"> </span></span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">sale, settlement and purchase of securities; and<span class=\"_ _2b7\"> </span></span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">taxes paid and refunded.<span class=\"_ _2b7\"> </span></span>Segmental free cash flow as assessed by management excludes<span class=\"_ _2b7\"> </span>cash flows relating to tax. This is because the effect of Group relief<span class=\"_ _2b7\"> </span>and similar reliefs could distort the measure of segment<span class=\"_ _2b7\"> </span>performance. As a Group-wide measure, free cash flow includes<span class=\"_ _2b7\"> </span>taxes paid and refunded.<span class=\"_ _2b7\"> </span>Free cash flow gives a measure of the cash generation<span class=\"_ _2b7\"> </span>performance of the business after taking account of the need to<span class=\"_ _2b7\"> </span>maintain its capital asset base. By excluding deficit reduction<span class=\"_ _2b7\"> </span>payments and movements in variation margin and collateral, which<span class=\"_ _2b7\"> </span>are predominantly triggered by wider market factors and, in the<span class=\"_ _2b7\"> </span>case of collateral and margin movements, represent timing<span class=\"_ _2b7\"> </span>differences, free cash flow gives a measure of the underlying<span class=\"_ _2b7\"> </span>performance of the Group.<span class=\"_ _2b7\"> </span>Interest received and cash flows from the sale, settlement and<span class=\"_ _2b7\"> </span>purchase of securities are excluded from free cash flow as these<span class=\"_ _2b7\"> </span>items are included in the Group\u2019s adjusted net cash/debt<span class=\"_ _b\"></span> measure<span class=\"_ _2b7\"> </span>and are therefore viewed by the Directors as related to the manner<span class=\"_ _2b7\"> </span>in which the Group finances its operations.<span class=\"_ _2b7\"> </span>Adjusted net cash/(debt) is used by management to assess the<span class=\"_ _2b7\"> </span>underlying indebtedness of the business. Adjusted net cash/(debt)<span class=\"_ _2b7\"> </span>is defined as cash and cash equivalents, net of bank overdrafts,<span class=\"_ _2b7\"> </span>borrowings, leases, interest accruals and related derivatives. This is<span class=\"_ _2b7\"> </span>adjusted for:<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">securities; and<span class=\"_ _2b7\"> </span></span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">sub-lease assets.<span class=\"_ _2b7\"> </span></span>(b)<span class=\"_ _a9\"> </span><span class=\"fca\">Exceptional items and certain re-measurements<span class=\"_ _2b7\"> </span></span>The Group reflects its underlying financial results in the business<span class=\"_ _2b7\"> </span>performance column of the Group Income Statement. To be able<span class=\"_ _2b7\"> </span>to provide users with this clear and consistent presentation, the<span class=\"_ _2b7\"> </span>effects of \u2018certain re-measurements\u2019 of financial instruments, and<span class=\"_ _2b7\"> </span>\u2018exceptional items\u2019, are reported in a different column in the Group<span class=\"_ _2b7\"> </span>Income Statement.<span class=\"_ _2b7\"> </span>The Group is an integrated energy business. This means that it<span class=\"_ _2b7\"> </span>utilises its knowledge and experience across the gas and power<span class=\"_ _2b7\"> </span>(and related commodity) value chains to make profits across the<span class=\"_ _2b7\"> </span>core markets in which it operates. As part of this strategy, the<span class=\"_ _2b7\"> </span>Group enters into a number of forward energy trades to protect<span class=\"_ _2b7\"> </span>and optimise the value of its underlying production, generation,<span class=\"_ _2b7\"> </span>storage and transportation assets and contracts (and similar<span class=\"_ _2b7\"> </span>capacity or off-take arrangements), as well as to meet the future<span class=\"_ _2b7\"> </span>needs of its customers (downstream demand). These trades are<span class=\"_ _2b7\"> </span>designed to reduce the risk of holding such assets, contracts or<span class=\"_ _2b7\"> </span>downstream demand and are subject to strict risk limits and<span class=\"_ _2b7\"> </span>controls.<span class=\"_ _2b7\"> </span>Primarily because some of these trades include terms that permit<span class=\"_ _2b7\"> </span>net settlement, they are prohibited from being designated as \u2018own<span class=\"_ _2b7\"> </span>use\u2019 and so IFRS 9 \u2018Financial Instruments\u2019 requires them to be<span class=\"_ _2b7\"> </span>individually fair valued.<span class=\"_ _2b7\"> </span>Fair value movements on these commodity derivative trades do not<span class=\"_ _2b7\"> </span>reflect the underlying performance of the business because they<span class=\"_ _2b7\"> </span>are economically related to our upstream assets, capacity/off-take<span class=\"_ _2b7\"> </span>contracts or downstream demand, which are typically not fair<span class=\"_ _2b7\"> </span>valued. Similarly, where our downstream customer supply<span class=\"_ _2b7\"> </span>contracts have become onerous as a result of significant market<span class=\"_ _2b7\"> </span>price movements (and the fact any associated commodity hedges<span class=\"_ _2b7\"> </span>have separately been recognised at fair value under IFRS 9 and<span class=\"_ _2b7\"> </span>therefore the onerous supply contract assessment must reflect the<span class=\"_ _2b7\"> </span>reversal of those gains in subsequent periods), movements in the<span class=\"_ _2b7\"> </span>required provision are also reflected as a certain re-measurement in<span class=\"_ _2b7\"> </span>the \u2018Cost of sales\u2019 line item and separately disclosed in note 7.<span class=\"_ _2b7\"> </span>Movements in this provision do not reflect the underlying<span class=\"_ _2b7\"> </span>performance of the business because they are economically related<span class=\"_ _2b7\"> </span>to both the hedges and forecast future profitability of the supply<span class=\"_ _2b7\"> </span>contracts. Therefore, these certain re-measurements are reported<span class=\"_ _2b7\"> </span>separately and are subsequently reflected in business performance<span class=\"_ _2b7\"> </span>when the underlying transaction or asset impacts profit or loss.<span class=\"_ _2b7\"> </span>The effects of these certain re-measurements are presented within<span class=\"_ _2b7\"> </span>either revenue or cost of sales when recognised in business<span class=\"_ _2b7\"> </span>performance depending on the nature of the contract. They are<span class=\"_ _2b7\"> </span>managed separately from proprietary energy trading activities<span class=\"_ _2b7\"> </span>where trades are entered into speculatively for the purpose of<span class=\"_ _2b7\"> </span>making profits in their own right. These proprietary trades are<span class=\"_ _2b7\"> </span>included in revenue in the business performance column of the<span class=\"_ _2b7\"> </span>Group Income Statement.<span class=\"_ _2b7\"> </span>2.<span class=\"_ _83\"> </span>Centrica specific accounting measures<span class=\"_ _2b7\"> </span>The Group\u2019s result for the year presents both realised and<span class=\"_ _2b7\"> </span>unrealised fair value movements on all derivative energy contracts<span class=\"_ _2b7\"> </span>within the \u2018Re-measurement and settlement of derivative energy<span class=\"_ _2b7\"> </span>contracts\u2019 line item. The Group\u2019s result for the year presents the<span class=\"_ _2b7\"> </span>unrealised onerous supply contract provision movements within the<span class=\"_ _2b7\"> </span>\u2018Cost of sales\u2019 line item.<span class=\"_ _2b7\"> </span>Exceptional items are those items that, in the judgement of the<span class=\"_ _2b7\"> </span>Directors, need to be disclosed separately by virtue of their nature,<span class=\"_ _2b7\"> </span>size or incidence. Again, to ensure the business performance<span class=\"_ _2b7\"> </span>column reflects the underlying results of the Group, these<span class=\"_ _2b7\"> </span>exceptional items are also reported in the separate column in the<span class=\"_ _2b7\"> </span>Group Income Statement. Items that may be considered<span class=\"_ _2b7\"> </span>exceptional in nature include disposals of businesses or significant<span class=\"_ _2b7\"> </span>assets, business restructurings, debt repurchase costs, certain<span class=\"_ _2b7\"> </span>pension past service credits/costs, asset impairments/write-backs,<span class=\"_ _2b7\"> </span>the tax effects of these items and the effect of changes in UK<span class=\"_ _2b7\"> </span>upstream tax rates.<span class=\"_ _2b7\"> </span>The Group distinguishes between business performance asset<span class=\"_ _2b7\"> </span>impairments/write-backs and exceptional impairments/write-backs<span class=\"_ _2b7\"> </span>on the basis of the underlying driver of the impairment, as well as<span class=\"_ _2b7\"> </span>the magnitude of the impairment. Drivers that are deemed to be<span class=\"_ _2b7\"> </span>outside of the control of the Group (e.g. commodity price changes)<span class=\"_ _2b7\"> </span>give rise to exceptional impairments. Additionally, impairment<span class=\"_ _2b7\"> </span>charges that are of a one-off nature (e.g. reserve downgrades or<span class=\"_ _2b7\"> </span>one-time change in intended use of an asset) and significant<span class=\"_ _2b7\"> </span>enough value to distort the underlying results of the business are<span class=\"_ _2b7\"> </span>considered to be exceptional. Other impairments that would be<span class=\"_ _2b7\"> </span>expected in the normal course of business, such as unsuccessful<span class=\"_ _2b7\"> </span>exploration activity (dry holes), are reflected in business<span class=\"_ _2b7\"> </span>performance.<span class=\"_ _2b7\"> </span>3.<span class=\"_ _83\"> </span>Critical accounting judgements and key<span class=\"_ _2b7\"> </span>sources of estimation uncertainty<span class=\"_ _2b7\"> </span>This section sets out the key areas of judgement and<span class=\"_ _2b7\"> </span>estimation that have the most significant effect on the<span class=\"_ _2b7\"> </span>amounts recognised in the consolidated Financial<span class=\"_ _2b7\"> </span>Statements.<span class=\"_ _2b7\"> </span>(a)<span class=\"_ _167\"> </span><span class=\"fca\">Critical judgements in applying the Group\u2019s<span class=\"_ _2b7\"> </span></span>accounting policies<span class=\"_ _2b7\"> </span>In addition to the judgements described above, management has<span class=\"_ _2b7\"> </span>made the following key judgements in applying the Group\u2019s<span class=\"_ _2b7\"> </span>accounting policies that have the most significant effect on the<span class=\"_ _2b7\"> </span>consolidated Group Financial Statements.<span class=\"_ _2b7\"> </span>Spirit Energy consolidation<span class=\"_ _2b7\"> </span>During 2017, the Group acquired Bayerngas Norge\u2019s exploration<span class=\"_ _2b7\"> </span>and production business and combined this with the Group\u2019s<span class=\"_ _2b7\"> </span>existing exploration and production business to form the Spirit<span class=\"_ _2b7\"> </span>Energy business (SE). The Group, through its Board majority, can<span class=\"_ _2b7\"> </span>control decisions that represent Board Reserved Matters and the<span class=\"_ _2b7\"> </span>Directors consider that these rights provide control over the<span class=\"_ _2b7\"> </span>relevant activities that most significantly influence the variable<span class=\"_ _2b7\"> </span>returns of the SE business. The Group has concluded that it<span class=\"_ _2b7\"> </span>controls SE and consequently SE is fully consolidated with a non-<span class=\"_ _2b7\"> </span>controlling interest of 31%.<span class=\"_ _2b7\"> </span>Metering contracts<span class=\"_ _2b7\"> </span>As part of the ongoing smart meter roll-out, the Group periodically<span class=\"_ _2b7\"> </span>renews meter rental arrangements with third parties. The last<span class=\"_ _2b7\"> </span>renegotiation took place in 2021. The Group assessed that these<span class=\"_ _2b7\"> </span>were not leases under IAS 17 and IFRIC 4 because at inception of<span class=\"_ _2b7\"> </span>the contract there were no specified assets, the Group did not have<span class=\"_ _2b7\"> </span>the right to physically or operationally control the smart meters and<span class=\"_ _2b7\"> </span>other parties took more than an insignificant amount of the output<span class=\"_ _2b7\"> </span>from the assets. This assessment was grandfathered on adoption<span class=\"_ _2b7\"> </span>of IFRS 16.<span class=\"_ _2b7\"> </span>A reassessment of the contracts was performed in accordance<span class=\"_ _2b7\"> </span>with IFRS 16, following renegotiations of the meter rental<span class=\"_ _2b7\"> </span>arrangements. On the basis that the asset has a predetermined use<span class=\"_ _2b7\"> </span>and the Group neither has the right to operate the asset, nor was<span class=\"_ _2b7\"> </span>involved in its design, the conclusion that these arrangements are<span class=\"_ _2b7\"> </span>not leases continues to be appropriate.<span class=\"_ _2b7\"> </span>LNG contracts<span class=\"_ _2b7\"> </span>The Group is active in the liquified natural gas (LNG) market, both<span class=\"_ _2b7\"> </span>procuring long-term LNG supply arrangements and transacting in<span class=\"_ _2b7\"> </span>shorter-term LNG cargoes. As part of its operations in the market,<span class=\"_ _2b7\"> </span>the Group optimises its contractual positions in order to meet<span class=\"_ _2b7\"> </span>customer demand for physical commodity. In response to the<span class=\"_ _2b7\"> </span>continuing development of the global LNG market which,<span class=\"_ _2b7\"> </span>consistent with prior years, is not considered to be active, the<span class=\"_ _2b7\"> </span>Group has reviewed its portfolio of LNG transactions and contracts.<span class=\"_ _2b7\"> </span>It has judged that its activities are carried out for the purpose of<span class=\"_ _2b7\"> </span>receipt or delivery of physical commodity in accordance with its<span class=\"_ _2b7\"> </span>expected purchase and sale requirements. As a result, the Group\u2019s<span class=\"_ _2b7\"> </span>contracts to buy and sell LNG are outside the scope of IFRS 9 and<span class=\"_ _2b7\"> </span>are accounted for on an accruals basis.<span class=\"_ _2b7\"> </span>Assets held for sale and discontinued operations<span class=\"_ _2b7\"> </span>On 8 December 2021 the Group announced that it had agreed to<span class=\"_ _2b7\"> </span>sell Spirit Energy\u2019s entire Norwegian portfolio plus the Statfjord field<span class=\"_ _2b7\"> </span>to Sval Energi and Equinor. The transaction completed in the first<span class=\"_ _2b7\"> </span>half of 2022. See note 12.<span class=\"_ _2b7\"> </span>The disposal group did not represent a separate major line of<span class=\"_ _2b7\"> </span>business or geographical operations, because the Upstream<span class=\"_ _2b7\"> </span>segment retains other European producing fields, and hence the<span class=\"_ _2b7\"> </span>Group concluded that the disposal group did not constitute a<span class=\"_ _2b7\"> </span>discontinued operation.<span class=\"_ _2b7\"> </span>Supplier of Last Resort (SoLR)<span class=\"_ _2b7\"> </span>During 2021, the Group was appointed as the Supplier of Last<span class=\"_ _2b7\"> </span>Resort (SoLR) to eight suppliers who ceased trading during the<span class=\"_ _2b7\"> </span>year and one further appointment was made in January 2022.<span class=\"_ _2b7\"> </span>Under Ofgem\u2019s licence conditions, the Group was entitled to make<span class=\"_ _2b7\"> </span>a Last Resort Supplier Payment (LRSP) claim for the shortfall<span class=\"_ _2b7\"> </span>between costs reasonably incurred in supplying gas and electricity<span class=\"_ _2b7\"> </span>to premises under the Last Resort Supply Direction, and the<span class=\"_ _2b7\"> </span>charges recovered from customers.<span class=\"_ _2b7\"> </span>The Group submitted an initial claim in 2021, covering a six-month<span class=\"_ _2b7\"> </span>period from the date of appointment, and received confirmation of<span class=\"_ _2b7\"> </span>Ofgem\u2019s acceptance in December 2021. The claim primarily<span class=\"_ _2b7\"> </span>covered estimated incremental commodity costs, incurred as a<span class=\"_ _2b7\"> </span>result of procuring gas and electricity to supply affected customers.<span class=\"_ _2b7\"> </span>The initial claim is currently being settled in 12 monthly instalments<span class=\"_ _2b7\"> </span>ending in April 2023 and a total of \u00a3258 million has been received<span class=\"_ _2b7\"> </span>during 2022. The Group submitted a second claim to Ofgem in<span class=\"_ _2b7\"> </span>Autumn 2022, recognising both actual commodity costs incurred,<span class=\"_ _2b7\"> </span>and additional costs which were not included in the initial claim.<span class=\"_ _2b7\"> </span>This includes the recovery of customer credit balances, where the<span class=\"_ _2b7\"> </span>Group had not waived the right to do so. The second claim was<span class=\"_ _2b7\"> </span>accepted by Ofgem in December 2022 and will be settled between<span class=\"_ _2b7\"> </span>April 2023 and April 2024. The value recognised for the SoLR<span class=\"_ _2b7\"> </span>receivable at 31 December 2022 is \u00a3275 million (31 December<span class=\"_ _2b7\"> </span>2021: \u00a3234 million). In 2022, the Group incurred a further \u00a3241<span class=\"_ _2b7\"> </span>million of incremental costs (31 December 2021: \u00a3185 million) and<span class=\"_ _2b7\"> </span>an additional \u00a358 million of cost relating to customer credit<span class=\"_ _2b7\"> </span>balances (31 December 2021: \u00a349 million).<span class=\"_ _2b7\"> </span>The Group has concluded that the LRSP process represents an<span class=\"_ _2b7\"> </span>Ofgem support mechanism, enabling energy suppliers to provide<span class=\"_ _2b7\"> </span>stability to the customers of failed suppliers. The Group determines<span class=\"_ _2b7\"> </span>that the LRSP is within the scope of IAS 20 \u2018Government Grants\u2019<span class=\"_ _2b7\"> </span>and amounts receivable under the mechanism are recognised as<span class=\"_ _2b7\"> </span>a credit within cost of sales and operating costs, as the related<span class=\"_ _2b7\"> </span>expenses are incurred.<span class=\"_ _2b7\"> </span>Share buyback<span class=\"_ _2b7\"> </span>On 10th November 2022, the Group announced an intention to<span class=\"_ _2b7\"> </span>undertake a share buyback of \u00a3250 million, expected to complete<span class=\"_ _2b7\"> </span>by 31 May 2023. The Group entered into contracts with third<span class=\"_ _2b7\"> </span>parties to undertake this repurchase programme and, as at<span class=\"_ _2b7\"> </span>31 December 2022, \u00a343 million of shares had been purchased.<span class=\"_ _2b7\"> </span>The Group judges that the terms and conditions of the contracts<span class=\"_ _2b7\"> </span>meant that, at the 31 December 2022, it was unable to cancel the<span class=\"_ _2b7\"> </span>remaining obligation. Accordingly, the Group has recorded a<span class=\"_ _2b7\"> </span>financial liability of \u00a3207 million for this remaining obligation, in<span class=\"_ _2b7\"> </span>accordance with IFRS 9: \u2018Financial Instruments\u2019. See note S4. 3.<span class=\"_ _83\"> </span>Critical accounting judgements and key<span class=\"_ _2b7\"> </span>sources of estimation uncertainty<span class=\"_ _2b7\"> </span>(b)<span class=\"_ _a9\"> </span><span class=\"fca\">Key sources of estimation uncertainty<span class=\"_ _2b7\"> </span></span>The sections below detail the assumptions the Group makes about<span class=\"_ _2b7\"> </span>the future and other major sources of estimation uncertainty when<span class=\"_ _2b7\"> </span>measuring its assets and liabilities at the reporting date. The<span class=\"_ _2b7\"> </span>information given relates to the sources of estimation uncertainty<span class=\"_ _2b7\"> </span>that have a significant risk of resulting in a material adjustment to<span class=\"_ _2b7\"> </span>those assets and liabilities in the next financial year.<span class=\"_ _2b7\"> </span>Estimates and associated assumptions are based on historical<span class=\"_ _2b7\"> </span>experience and various other factors that are believed to be<span class=\"_ _2b7\"> </span>reasonable under the circumstances, including current and<span class=\"_ _2b7\"> </span>expected economic conditions, and, in some cases, actuarial<span class=\"_ _2b7\"> </span>techniques. Although these estimates and associated assumptions<span class=\"_ _2b7\"> </span>are based on management\u2019s best knowledge of current events and<span class=\"_ _2b7\"> </span>circumstances, actual results may differ.<span class=\"_ _2b7\"> </span>British Gas Energy and Centrica Business Solutions Onerous<span class=\"_ _2b7\"> </span>Supply Contracts<span class=\"_ _2b7\"> </span>The Group operates and manages a hedging strategy to ensure<span class=\"_ _2b7\"> </span>that the future costs of supplying customers of the British Gas<span class=\"_ _2b7\"> </span>Energy and Centrica Business Solutions portfolios are appropriately<span class=\"_ _2b7\"> </span>managed.<span class=\"_ _2b7\"> </span>Hedges are measured at fair value under IFRS 9 and are<span class=\"_ _2b7\"> </span>recognised as certain re-measurements in the Group\u2019s income<span class=\"_ _2b7\"> </span>statement until the point at which the related costs to purchase<span class=\"_ _2b7\"> </span>electricity and gas are incurred. Fair value movements on energy<span class=\"_ _2b7\"> </span>purchase contracts entered to meet the future needs of customers<span class=\"_ _2b7\"> </span>are economically related to customer demand; the supply contracts<span class=\"_ _2b7\"> </span>for which are measured on an accrual basis.<span class=\"_ _2b7\"> </span>Gains and losses arising from hedges have been recognised in the<span class=\"_ _2b7\"> </span>income statement (within certain re-measurements) in accordance<span class=\"_ _2b7\"> </span>with the requirements of IFRS 9. Because of this hedge value<span class=\"_ _2b7\"> </span>recognition, the assessment of whether the supply contracts are<span class=\"_ _2b7\"> </span>onerous must include the contracted energy purchase costs and<span class=\"_ _2b7\"> </span>those mark-to-market reversals. In 2021, the Group determined<span class=\"_ _2b7\"> </span>that at the reporting date, the future costs to fulfil customer<span class=\"_ _2b7\"> </span>contracts, including those mark-to-market reversals, exceeded the<span class=\"_ _2b7\"> </span>charges recoverable from customers because the associated<span class=\"_ _2b7\"> </span>hedging gains had already been recognised in the income<span class=\"_ _2b7\"> </span>statement. As a result the Group recognised an onerous supply<span class=\"_ _2b7\"> </span>contract provision.<span class=\"_ _2b7\"> </span>Throughout 2022, commodity prices have been elevated and<span class=\"_ _2b7\"> </span>volatile and the reversal of gains and losses arising from hedges<span class=\"_ _2b7\"> </span>has had a significant impact on the Group\u2019s onerous contract<span class=\"_ _2b7\"> </span>supply provision. Commodity prices have declined at year end and<span class=\"_ _2b7\"> </span>the overall provision has similarly reduced. If commodity prices<span class=\"_ _2b7\"> </span>increase, a further provision may be required in the future.<span class=\"_ _b\"></span> Commodity price movements typically affect the Group\u2019s residential<span class=\"_ _2b7\"> </span>portfolio more immediately than non-domestic customers, because<span class=\"_ _2b7\"> </span>the residential hedging strategy reflects the more variable nature of<span class=\"_ _2b7\"> </span>the portfolio\u2019s pricing structure compared to Centrica Business<span class=\"_ _1\"></span> Solutions customers who are typically on longer-term fixed<span class=\"_ _2b7\"> </span>contracts. The decrease in the onerous supply contract provision is<span class=\"_ _2b7\"> </span>partially offset by the corresponding losses on the related<span class=\"_ _2b7\"> </span>derivatives recognised in certain re-measurements. Further<span class=\"_ _2b7\"> </span>disclosures relating to movements in certain re-measurements are<span class=\"_ _2b7\"> </span>provided in note 7.<span class=\"_ _2b7\"> </span>Due to the sharp decline in commodity prices at the end of 2022,<span class=\"_ _2b7\"> </span>fair value movements on energy purchase contracts entered to<span class=\"_ _2b7\"> </span>meet the future needs of British Gas Energy residential customers<span class=\"_ _2b7\"> </span>resulted in losses rather than gains being recognised as certain re-<span class=\"_ _2b7\"> </span>measurements in the Group\u2019s income statement. As a result, the<span class=\"_ _2b7\"> </span>Group determined that at the reporting date, the future costs to<span class=\"_ _2b7\"> </span>fulfil British Gas residential customer contracts fell below charges<span class=\"_ _2b7\"> </span>recoverable from customers and the onerous supply contract<span class=\"_ _2b7\"> </span>provision previously recognised in relation to the fulfilment of British<span class=\"_ _2b7\"> </span>Gas Energy customer contracts has been reversed in full.<span class=\"_ _2b7\"> </span>Fair value movements on energy purchase contracts in relation to<span class=\"_ _2b7\"> </span>the Group\u2019s non-domestic customers have similarly resulted in the<span class=\"_ _2b7\"> </span>recognition of losses as a result of declining wholesale prices<span class=\"_ _2b7\"> </span>during December 2022. The hedging strategy for this portfolio<span class=\"_ _2b7\"> </span>differs from the residential portfolio, and the Group has determined<span class=\"_ _2b7\"> </span>that at the reporting date, the reversal of the cumulative fair value<span class=\"_ _2b7\"> </span>movements on this portfolio still results in future costs which<span class=\"_ _2b7\"> </span>exceed charges recoverable from customers. As a result, the<span class=\"_ _2b7\"> </span>Group continues to recognise an onerous supply contract provision<span class=\"_ _2b7\"> </span>for the Group\u2019s non-domestic customers.<span class=\"_ _2b7\"> </span>The total onerous contract supply provision recognised by the<span class=\"_ _2b7\"> </span>Group is \u00a3999 million (31 December 2021: \u00a32,530 million). This has<span class=\"_ _2b7\"> </span>been calculated by estimating the expected margins from energy<span class=\"_ _2b7\"> </span>supply customers, and deducting from this margin the expected<span class=\"_ _2b7\"> </span>costs to fulfil those arrangements, including energy purchase costs<span class=\"_ _2b7\"> </span>reflecting the mark-to-market gains, and directly attributable<span class=\"_ _2b7\"> </span>overhead costs.<span class=\"_ _2b7\"> </span>In the prior year, key sources of estimation uncertainty related to<span class=\"_ _2b7\"> </span>the expected future tenure of the Group\u2019s customer portfolio, and<span class=\"_ _2b7\"> </span>the estimated gross margin attributable to them. Estimations were<span class=\"_ _2b7\"> </span>based on historic experience, adjusted to reflect non-recurring<span class=\"_ _2b7\"> </span>costs. The British Gas Energy residential element of the provision<span class=\"_ _2b7\"> </span>was particularly sensitive to movements in tenure and gross margin<span class=\"_ _2b7\"> </span>assumptions.<span class=\"_ _2b7\"> </span>At 31 December 2022, the onerous supply contract provision only<span class=\"_ _2b7\"> </span>relates to non-domestic customers and is much less sensitive to<span class=\"_ _2b7\"> </span>the assumptions made.<span class=\"_ _2b7\"> </span>Credit provisions for trade and other receivables<span class=\"_ _2b7\"> </span>The economic effects of the significant increase in wholesale gas<span class=\"_ _2b7\"> </span>and electricity costs, and resultant increase in consumer tariffs<span class=\"_ _2b7\"> </span>alongside wider inflationary and cost-of-living pressures may<span class=\"_ _2b7\"> </span>impact the ability of the Group\u2019s customers to pay amounts due.<span class=\"_ _2b7\"> </span>Gas and electricity customers are benefitting from customer<span class=\"_ _2b7\"> </span>support schemes implemented by the Government, but prices are<span class=\"_ _2b7\"> </span>still significantly higher than in previous years and the level of<span class=\"_ _2b7\"> </span>estimation uncertainty in determining the credit provisions required<span class=\"_ _2b7\"> </span>for customers is heightened.<span class=\"_ _2b7\"> </span>The methodology for determining provisions for credit losses on<span class=\"_ _2b7\"> </span>trade and other receivables and the level of such provision, along<span class=\"_ _2b7\"> </span>with associated sensitivities, is set out in note 17. Although the<span class=\"_ _2b7\"> </span>provisions recognised are considered appropriate, the use of<span class=\"_ _2b7\"> </span>different assumptions or changes in economic conditions could<span class=\"_ _2b7\"> </span>lead to movements in the provisions and therefore impact the<span class=\"_ _2b7\"> </span>Group Income Statement.<span class=\"_ _2b7\"> </span>Impairment and impairment reversals of long-lived assets<span class=\"_ _2b7\"> </span>The Group makes judgements in considering whether the carrying<span class=\"_ _2b7\"> </span>amounts of its long-lived assets (principally Upstream gas assets,<span class=\"_ _2b7\"> </span>Nuclear investment (20% economic interest accounted for as an<span class=\"_ _2b7\"> </span>investment in associate) and goodwill) or cash-generating units<span class=\"_ _2b7\"> </span>(CGUs) are recoverable and estimates their recoverable amounts.<span class=\"_ _2b7\"> </span>2021 and 2022 have seen significant year-on-year increases in<span class=\"_ _2b7\"> </span>forward commodity prices, both in terms of observable market<span class=\"_ _2b7\"> </span>prices and forecast forward prices. As a result impairment reversals<span class=\"_ _2b7\"> </span>were booked in 2021 related to our retained assets. During 2022,<span class=\"_ _2b7\"> </span>the announcement of the Energy Profits Levy and Electricity<span class=\"_ _2b7\"> </span>Generator Levy has also impacted the recoverable amounts of<span class=\"_ _2b7\"> </span>our assets.<span class=\"_ _2b7\"> </span>3.<span class=\"_ _83\"> </span>Critical accounting judgements and key<span class=\"_ _2b7\"> </span>sources of estimation uncertainty<span class=\"_ _2b7\"> </span>Upstream gas assets<span class=\"_ _2b7\"> </span>Forward prices for gas are a key input in the determination of the<span class=\"_ _2b7\"> </span>recoverable amount of the Group\u2019s gas assets. 2022 has seen<span class=\"_ _2b7\"> </span>continued increases in the prices for this commodity, both in terms<span class=\"_ _2b7\"> </span>of observable market prices and forecast forward prices. This<span class=\"_ _2b7\"> </span>increase, primarily due to higher commodity prices, has been<span class=\"_ _2b7\"> </span>partially offset by the implementation of the Energy Profits Levy.<span class=\"_ _2b7\"> </span>At 31 December 2022, impairment headroom remains for all<span class=\"_ _2b7\"> </span>significant fields. The recoverable amounts of the Group\u2019s gas<span class=\"_ _2b7\"> </span>assets are capped at depreciated historic cost; accordingly no<span class=\"_ _2b7\"> </span>material impairment reversals have been recorded during the<span class=\"_ _2b7\"> </span>period. As at 31 December 2022, this remains a key source of<span class=\"_ _2b7\"> </span>estimation uncertainty due to potential future price decreas<span class=\"_ _b\"></span>es.<span class=\"_ _2b7\"> </span>Sensitivities are provided in note 7.<span class=\"_ _2b7\"> </span>Further details of the assumptions used in determining the<span class=\"_ _2b7\"> </span>recoverable amounts and sensitivities to the assumptions are<span class=\"_ _2b7\"> </span>provided in note 7.<span class=\"_ _2b7\"> </span>Nuclear investment<span class=\"_ _2b7\"> </span>The recoverable amount of the Nuclear investment is based on<span class=\"_ _2b7\"> </span>the value of the existing UK nuclear fleet operated by EDF. The<span class=\"_ _2b7\"> </span>existing fleet value is calculated by discounting pre-tax cash flows<span class=\"_ _2b7\"> </span>derived from the stations based on forecast power generation and<span class=\"_ _2b7\"> </span>power prices, whilst taking account of outages and the likely<span class=\"_ _2b7\"> </span>operational lives of the stations. During the period, the recoverable<span class=\"_ _2b7\"> </span>amount has improved as a result of increases in commodity prices<span class=\"_ _2b7\"> </span>more than offsetting the effect of the announcement of the<span class=\"_ _2b7\"> </span>Electricity Generator Levy. This, coupled with the impact of the<span class=\"_ _2b7\"> </span>actuarial loss from the associate\u2019s pension scheme, has resulted in<span class=\"_ _2b7\"> </span>an impairment reversal of \u00a3195 million.<span class=\"_ _2b7\"> </span>The key source of estimation uncertain is commodity price<span class=\"_ _2b7\"> </span>forecasts, other input assumptions include production levels and<span class=\"_ _2b7\"> </span>station lives. Further details of these uncertainties, together with the<span class=\"_ _2b7\"> </span>methodology, assumptions and impairment reversal booked during<span class=\"_ _2b7\"> </span>the year are provided in note 7, together with related sensitivities.<span class=\"_ _2b7\"> </span>Revenue recognition \u2013 unread gas and electricity meters<span class=\"_ _2b7\"> </span>Revenue for energy supply activities includes an assessment of<span class=\"_ _2b7\"> </span>energy supplied to customers between the date of the last meter<span class=\"_ _2b7\"> </span>reading and the year-end (known as unread revenue). Unread gas<span class=\"_ _2b7\"> </span>and electricity comprises both billed and unbilled revenue. It is<span class=\"_ _2b7\"> </span>estimated through the billing systems, using historical consumption<span class=\"_ _2b7\"> </span>patterns, on a customer-by-customer basis, taking into account<span class=\"_ _2b7\"> </span>weather patterns, load forecasts and the differences between<span class=\"_ _2b7\"> </span>actual meter readings being returned and system estimates.<span class=\"_ _2b7\"> </span>Actual meter readings continue to be compared to system<span class=\"_ _2b7\"> </span>estimates between the balance sheet date and the finalisation<span class=\"_ _2b7\"> </span>of the accounts.<span class=\"_ _2b7\"> </span>An assessment is also made of any factors that are likely to<span class=\"_ _2b7\"> </span>materially affect the ultimate economic benefits that will flow to<span class=\"_ _2b7\"> </span>the Group, including bill cancellation and re-bill rates. Estimated<span class=\"_ _2b7\"> </span>revenue is restricted to the amount the Group expects to be<span class=\"_ _2b7\"> </span>entitled to in exchange for energy supplied. The judgements<span class=\"_ _2b7\"> </span>applied, and the assumptions underpinning these judgements,<span class=\"_ _2b7\"> </span>are considered to be appropriate. However, a change in these<span class=\"_ _2b7\"> </span>assumptions would have an impact on the amount of revenue<span class=\"_ _2b7\"> </span>recognised. The primary source of estimation uncertainty relating<span class=\"_ _2b7\"> </span>to unread revenue arises in the respect of gas and electricity sales<span class=\"_ _2b7\"> </span>to UK downstream customers in British Gas Energy and Centrica<span class=\"_ _2b7\"> </span>Business Solutions, including where changes in customer<span class=\"_ _2b7\"> </span>behaviour in response to elevated prices, affects estimated<span class=\"_ _2b7\"> </span>consumption. At 31 December 2022 unread revenue arising from<span class=\"_ _2b7\"> </span>these customers amounted to \u00a32,893 million (2021: \u00a31,740 million).<span class=\"_ _2b7\"> </span>A change in these assumptions of 2% would impact revenue and<span class=\"_ _2b7\"> </span>profit by \u00a358 million.<span class=\"_ _2b7\"> </span>Decommissioning costs<span class=\"_ _2b7\"> </span>The estimated cost of decommissioning at the end of the<span class=\"_ _2b7\"> </span>producing lives of gas fields is reviewed periodically and is based<span class=\"_ _2b7\"> </span>on reserves, price levels and technology at the balance sheet date.<span class=\"_ _2b7\"> </span>Provision is made for the estimated cost of decommissioning at the<span class=\"_ _2b7\"> </span>balance sheet date. The payment dates of total expected future<span class=\"_ _2b7\"> </span>decommissioning costs are uncertain and dependent on the lives<span class=\"_ _2b7\"> </span>of the facilities, but are currently anticipated to be predominantly<span class=\"_ _2b7\"> </span>incurred by 2030.<span class=\"_ _2b7\"> </span>The level of provision held is also sensitive to the discount rate used<span class=\"_ _2b7\"> </span>to discount the estimated decommissioning costs. The real<span class=\"_ _2b7\"> </span>discount rate used to discount the decommissioning liabilities at<span class=\"_ _2b7\"> </span>31 December 2022 is 1% (2021: 0%). There are a number of<span class=\"_ _2b7\"> </span>variable inputs into the calculation of discount rates including risk-<span class=\"_ _2b7\"> </span>free interest rates and debt and equity risk premium. As a result of<span class=\"_ _2b7\"> </span>changes in yields on government gilts appropriate to the forecast<span class=\"_ _2b7\"> </span>profile of the decommissioning expenditure, it has been deemed<span class=\"_ _2b7\"> </span>appropriate to increase the decommissioning rate. A 1% change in<span class=\"_ _2b7\"> </span>this discount rate would change the decommissioning liability by<span class=\"_ _2b7\"> </span>approximately \u00a375 million.<span class=\"_ _2b7\"> </span>Gas and liquids reserves<span class=\"_ _2b7\"> </span>The volume of proven and probable (2P) gas and liquids reserves is<span class=\"_ _2b7\"> </span>an estimate that affects the unit of production method of<span class=\"_ _2b7\"> </span>depreciating producing gas and liquids property, plant and<span class=\"_ _2b7\"> </span>equipment (PP&amp;E) as well as being a significant estimate affecting<span class=\"_ _2b7\"> </span>decommissioning and impairment calculations.<span class=\"_ _2b7\"> </span>The impact of a change in estimated 2P reserves is dealt with<span class=\"_ _2b7\"> </span>prospectively by depreciating the remaining book value of<span class=\"_ _2b7\"> </span>producing assets over the expected future production. If 2P<span class=\"_ _2b7\"> </span>reserves estimates are revised downwards, earnings could be<span class=\"_ _2b7\"> </span>affected by higher depreciation expense or an immediate write-<span class=\"_ _2b7\"> </span>down (impairment) of the asset\u2019s book value. A change in reserves<span class=\"_ _2b7\"> </span>estimates could also change the timing of decommissioning<span class=\"_ _2b7\"> </span>activity, which could change the carrying value of the Group\u2019s<span class=\"_ _2b7\"> </span>provisions. The complex interaction of field-specific factors means<span class=\"_ _2b7\"> </span>that it is not possible to give a meaningful sensitivity of the Group\u2019s<span class=\"_ _2b7\"> </span>financial position or performance to gas and liquids reserves<span class=\"_ _2b7\"> </span>estimates. The factors impacting gas and liquids estimates, the<span class=\"_ _2b7\"> </span>process for estimating reserve quantities and reserve recognition<span class=\"_ _2b7\"> </span>and details of the Group\u2019s 2P reserves are given on page<span class=\"_ _1\"></span> 237.<span class=\"_ _2b7\"> </span>Details of impairments of exploration and production fields and<span class=\"_ _2b7\"> </span>goodwill, along with associated sensitivities, are given in note<span class=\"_ _1\"></span> 7.<span class=\"_ _2b7\"> </span>Determination of fair values \u2013 energy derivatives<span class=\"_ _2b7\"> </span>The fair values of energy derivatives classified as Level 3 in<span class=\"_ _2b7\"> </span>accordance with IFRS 13 \u2018Fair Value Measurement\u2019 are determined<span class=\"_ _2b7\"> </span>to be a key source of estimation uncertainty as they are not actively<span class=\"_ _2b7\"> </span>traded and their values are estimated by reference in part to<span class=\"_ _2b7\"> </span>published price quotations in active markets and in part by using<span class=\"_ _2b7\"> </span>complex valuation techniques. The key source of estimation<span class=\"_ _2b7\"> </span>uncertainty is future commodity prices and their inclusion in the<span class=\"_ _2b7\"> </span>reliable estimation of the unobservable components of the Group\u2019s<span class=\"_ _2b7\"> </span>Level 3 derivatives in an elevated and volatile commodity price<span class=\"_ _2b7\"> </span>environment. More detail on the assumptions used in determining<span class=\"_ _2b7\"> </span>fair valuations of energy derivatives is provided in note S6 and on<span class=\"_ _2b7\"> </span>the sensitivities to these assumptions in note S3.<span class=\"_ _2b7\"> </span>3.<span class=\"_ _83\"> </span>Critical accounting judgements and key<span class=\"_ _2b7\"> </span>sources of estimation uncertainty<span class=\"_ _2b7\"> </span>Climate change<span class=\"_ _2b7\"> </span>In preparing the financial statements, the Directors have considered<span class=\"_ _2b7\"> </span>the impact of climate change in the context of the risks and<span class=\"_ _2b7\"> </span>opportunities identified in the TCFD disclosures on pages 46 to 54.<span class=\"_ _2b7\"> </span>There has been no material impact identified on the financial<span class=\"_ _2b7\"> </span>reporting judgements and estimates. The Directors specifically<span class=\"_ _2b7\"> </span>considered the impact of climate change in the following areas:<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _bb\"> </span>cash flow forecasts used in the impairment assessment of non-<span class=\"_ _2b7\"> </span>current assets, including goodwill;<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _bb\"> </span>carrying value and useful economic lives of property, plant and<span class=\"_ _2b7\"> </span>equipment;<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _bb\"> </span>recoverability of deferred tax assets; and<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _bb\"> </span>going concern and viability of the Group over the next<span class=\"_ _2b7\"> </span>three years.<span class=\"_ _2b7\"> </span>Whilst there is no short-term impact expected from climate change,<span class=\"_ _2b7\"> </span>the Directors are aware of the risks and regularly assess these risks<span class=\"_ _2b7\"> </span>against judgements and estimates made in preparation of the<span class=\"_ _2b7\"> </span>Group\u2019s financial statements.<span class=\"_ _2b7\"> </span>Further detail is provided in the Climate change note below.<span class=\"_ _2b7\"> </span>3.<span class=\"_ _83\"> </span>Critical accounting judgements and key sources of estimation uncertainty<span class=\"_ _2b7\"> </span>(c)<span class=\"_ _167\"> </span><span class=\"fca\">Climate change<span class=\"_ _2b7\"> </span></span>The Group\u2019s assessment of how climate-related issues might affect the business has been integrated into its annual strategic and financial<span class=\"_ _2b7\"> </span>planning process. At the same time, the Group reviews the potential impact of the material risks and opportunities and its Climate<span class=\"_ _2b7\"> </span>Transition Plan on both the current balance sheet position and its accounting policies (including the useful economic lives of its assets).<span class=\"_ _2b7\"> </span>Summary of our most material risks &amp; opportunities<span class=\"_ _2b7\"> </span>TCFD category<span class=\"_ _168\"> </span>Climate-related trend<span class=\"_ _84\"> </span>Potential impact<span class=\"_ _2b7\"> </span>Transition: Policy, Markets and<span class=\"_ _2b7\"> </span>Technology<span class=\"_ _2b7\"> </span>Transition away from fossil fuelled<span class=\"_ _2b7\"> </span>heating<span class=\"_ _2b7\"> </span>Risk: Reduced gross margin (GM) from the sale and servicing of<span class=\"_ _2b7\"> </span>natural gas residential boilers and commercial Combined Heat and<span class=\"_ _2b7\"> </span>Power (CHP)<span class=\"_ _2b7\"> </span>Transition: Policy, Markets and<span class=\"_ _2b7\"> </span>Technology<span class=\"_ _2b7\"> </span>Growth in low carbon heating market<span class=\"_ _e5\"> </span>Opportunity: Increased sales and servicing of electric and hydrogen<span class=\"_ _2b7\"> </span>fuelled heating systems<span class=\"_ _2b7\"> </span>Transition: Policy, Markets and<span class=\"_ _2b7\"> </span>Technology<span class=\"_ _2b7\"> </span>Transition away from natural gas<span class=\"_ _31\"> </span>Risk: Reduced GM from the sale of natural gas and energy efficiency<span class=\"_ _2b7\"> </span>Transition: Policy, Markets and<span class=\"_ _2b7\"> </span>Technology<span class=\"_ _2b7\"> </span>Growth in low carbon heating market<span class=\"_ _e5\"> </span>Opportunity: Increased sales of electricity and green/low carbon<span class=\"_ _2b7\"> </span>hydrogen<span class=\"_ _2b7\"> </span>Transition: Markets<span class=\"_ _eb\"> </span>Growth of EV transport market<span class=\"_ _4f\"> </span>Opportunity: Access to new and growing value pools related to EV<span class=\"_ _2b7\"> </span>charging installs, operation and maintenance (O&amp;M), and energy supply<span class=\"_ _2b7\"> </span>Transition: Energy Source<span class=\"_ _4d\"> </span>Growth in demand for renewable energy<span class=\"_ _14\"> </span>Opportunity: Strong growth in the market for low carbon and transition<span class=\"_ _2b7\"> </span>assets driven by decarbonisation<span class=\"_ _2b7\"> </span>Physical: Chronic<span class=\"_ _169\"> </span>Rising mean temperatures<span class=\"_ _103\"> </span>Risk: Reduced sales of natural gas and electric<span class=\"_ _1\"></span>ity for heat<span class=\"_ _2b7\"> </span>IFRS dictates how each asset or liability should be accounted for (e.g. cost, fair value or other measurement criteria) and accordingly,<span class=\"_ _2b7\"> </span>there is a fundamental difference between the holistic forward-looking risk and opportunities business analysis<span class=\"_ _1\"></span> (see TCFD disclosure on<span class=\"_ _2b7\"> </span>pages 46 to 54), and the possible sensitivity of current accounting carrying values to these risks and opportunities.<span class=\"_ _2b7\"> </span>For example, whilst the activity of supplying gas to customers or servicing/installing gas boilers is clearly subject to climate-related risks<span class=\"_ _2b7\"> </span>(and opportunities), the balance sheet does not reflect an overall value of those businesses (aside from an element of goodwill). Instead,<span class=\"_ _2b7\"> </span>accounting balances related to these businesses generally manifest themselves in short-term working capital assets and liabilities<span class=\"_ _2b7\"> </span>associated with procuring and selling gas or servicing/installing boilers; with those balances generally settled within six months and so<span class=\"_ _2b7\"> </span>specifically less exposed to climate risks.<span class=\"_ _2b7\"> </span>In a similar vein, Upstream assets are tested for impairment in accordance with relevant IFRS accounting standards. These generally<span class=\"_ _2b7\"> </span>require the recoverable amount of the asset to be calculated based on a best estimate of long-term forecast commodity prices, which<span class=\"_ _2b7\"> </span>the Group estimates based on current market prices and the consensus of reputable commodity pricing consultants forecasts. However,<span class=\"_ _2b7\"> </span>these estimates are not consistent with net zero scenarios from the consultants (as they do not factor in any prospective, yet to be<span class=\"_ _2b7\"> </span>announced legislative or market changes that would be required to meet temperature targets) and hence impairment reviews are not<span class=\"_ _2b7\"> </span>based on net zero scenario forward prices. The Group instead discloses the impact on the carrying value of Upstream assets by way of<span class=\"_ _2b7\"> </span>sensitivity analysis (see note 7(c)).<span class=\"_ _2b7\"> </span>3.<span class=\"_ _83\"> </span>Critical accounting judgements and key sources of estimation uncertainty<span class=\"_ _2b7\"> </span>Accordingly, the Group is mindful of these dynamics when it considers which areas<span class=\"_ _b\"></span> of the balance sheet are exposed to key estimation<span class=\"_ _2b7\"> </span>uncertainty from climate-related issues. The Group considers which assets are most exposed to impairment from climate risks and<span class=\"_ _2b7\"> </span>similarly whether there are any liabilities that are either currently unrecognised or might increase as a result of those risks.<span class=\"_ _2b7\"> </span>The Group\u2019s assets/liabilities have been segmented into three tranches, grading each balance\u2019s exposure to climate risks/opportunities:<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _147\"> </span><span class=\"ff65\">Higher risk \u2013 As the consumption of gas and power is intrinsically linked to carbon emissions, their pricing is consequently exp<span class=\"_ _1\"></span>osed to<span class=\"_ _2b7\"> </span></span>climate and legislative risk. Accordingly, where assets or contract values have a key dependency on commodity price assumptions,<span class=\"_ _2b7\"> </span>those assets (or contracts) are deemed higher risk.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _8a\"> </span><span class=\"ff65\">Medium risk \u2013 Gross margin energy transition considerations and their potential impact on forward-looking balances (e.g. <span class=\"_ _1\"></span>Supply and<span class=\"_ _2b7\"> </span></span>Services and Energy Trading goodwill) and decommissioning balances in E&amp;P.<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _8f\"> </span><span class=\"ff65\">Lower risk \u2013 No significant risk identified on the basis that positions are short-term in nature or are specifically linked to the energy<span class=\"_ _2b7\"> </span></span>transition or are immaterial.<span class=\"_ _2b7\"> </span>The key non-current asset (and decommissioning provision) balance sheet items have been presented in more granular detail below,<span class=\"_ _2b7\"> </span>together with the groupings into the above risks and with rationale set out below the table:<span class=\"_ _2b7\"> </span>As at 31 December 2022 related to (\u00a3m):<span class=\"_ _64\"> </span><span class=\"fc12\">Go<span class=\"_ _b\"></span>odwill<span class=\"_ _54\"> </span>Intangibles<span class=\"_ _2b7\"> </span></span>Investment in<span class=\"_ _2b7\"> </span>associates<span class=\"_ _2b7\"> </span>Property, plant &amp;<span class=\"_ _2b7\"> </span>equipment<span class=\"_ _2b7\"> </span>Deferred tax<span class=\"_ _2b7\"> </span>assets<span class=\"_ _2b7\"> </span>Decommissioning<span class=\"_ _2b7\"> </span>provision<span class=\"_ _2b7\"> </span>Energy Supply<span class=\"_ _3b\"> </span><span class=\"fc12\"> <span class=\"_ _10d\"> </span>197<span class=\"_ _2b7\"> </span></span>Customer relationships<span class=\"_ _16a\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _16b\"> </span>16<span class=\"_ _2b7\"> </span></span>Emission certificates<span class=\"_ _3d\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _10d\"> </span>271<span class=\"_ _2b7\"> </span></span>Application software<span class=\"_ _11b\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _10d\"> </span>146<span class=\"_ _2b7\"> </span></span>Energy Services<span class=\"_ _37\"> </span><span class=\"fc12\"> <span class=\"_ _16b\"> </span>63<span class=\"_ _2b7\"> </span></span>Customer relationships<span class=\"_ _16a\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _4b\"> </span>6<span class=\"_ _2b7\"> </span></span>Brand (mainly Dyno)<span class=\"_ _16c\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _16b\"> </span>57<span class=\"_ _2b7\"> </span></span>Application software<span class=\"_ _11b\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _10d\"> </span>128<span class=\"_ _2b7\"> </span></span>Battery storage<span class=\"_ _16d\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _16b\"> </span>40<span class=\"_ _2b7\"> </span></span>Electric vehicles (vans/cars)<span class=\"_ _16e\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _16b\"> </span>45<span class=\"_ _2b7\"> </span></span>Non-electric vehicles (vans/cars)<span class=\"_ _43\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _16b\"> </span>22<span class=\"_ _2b7\"> </span></span>Energy Trading<span class=\"_ _60\"> </span><span class=\"fc12\"> <span class=\"_ _10d\"> </span>149<span class=\"_ _2b7\"> </span></span>Customer relationships<span class=\"_ _16a\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _16b\"> </span>18<span class=\"_ _2b7\"> </span></span>Emission certificates<span class=\"_ _3d\"> </span><span class=\"ff66\"> <span class=\"_ _4b\"> </span>9<span class=\"_ _2b7\"> </span></span>Application software<span class=\"_ _11b\"> </span><span class=\"ff66\"> <span class=\"_ _58\"> </span>29<span class=\"_ _2b7\"> </span></span>LNG vessel leases<span class=\"_ _16f\"> </span><span class=\"ff66\"> <span class=\"_ _10d\"> </span>124<span class=\"_ _2b7\"> </span></span>Gas Assets (E&amp;P and Storage)<span class=\"_ _170\"> </span><span class=\"fcf\"> <span class=\"_ _b5\"> </span>\u2014<span class=\"_ _2b7\"> </span></span>E&amp;P fields (Spirit)<span class=\"_ _171\"> </span><span class=\"ff66\"> <span class=\"_ _78\"> </span>1,124 <span class=\"_ _141\"> </span> <span class=\"_ _b8\"> </span>(256) <span class=\"_ _106\"> </span> <span class=\"_ _f4\"> </span>(1,175)<span class=\"_ _2b7\"> </span></span>E&amp;P tax losses (Spirit)<span class=\"_ _172\"> </span><span class=\"ff66\"> <span class=\"_ _10d\"> </span>214<span class=\"_ _2b7\"> </span></span>Gas storage facility (Rough)<span class=\"_ _16e\"> </span><span class=\"ff66\"> <span class=\"_ _16b\"> </span>71 <span class=\"_ _141\"> </span> <span class=\"_ _bc\"> </span>131 <span class=\"_ _141\"> </span> <span class=\"_ _5b\"> </span>(324)<span class=\"_ _2b7\"> </span></span>Power Generation<span class=\"_ _151\"> </span><span class=\"fcf\"> <span class=\"_ _85\"> </span>\u2014<span class=\"_ _2b7\"> </span></span>Nuclear investment<span class=\"_ _173\"> </span><span class=\"ff66\"> <span class=\"_ _78\"> </span>1,560<span class=\"_ _2b7\"> </span></span>Gas-fired power stations/engines<span class=\"_ _174\"> </span><span class=\"ff66\"> <span class=\"_ _16b\"> </span>95 <span class=\"_ _fb\"> </span> <span class=\"_ _53\"> </span>(15)<span class=\"_ _2b7\"> </span></span>Combined heat and power (CHP)/fuel cell<span class=\"_ _175\"> </span><span class=\"ff66\"> <span class=\"_ _16b\"> </span>45<span class=\"_ _2b7\"> </span></span>Solar<span class=\"_ _176\"> </span><span class=\"ff66\"> <span class=\"_ _16b\"> </span>14<span class=\"_ _2b7\"> </span></span>Group/Other<span class=\"_ _177\"> </span><span class=\"fcf\"> <span class=\"_ _b5\"> </span>\u2014<span class=\"_ _2b7\"> </span></span>Application software<span class=\"_ _11b\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _58\"> </span>27<span class=\"_ _2b7\"> </span></span>Land &amp; buildings (i) <span class=\"_ _10d\"> </span>104<span class=\"_ _2b7\"> </span>Derivatives deferred tax<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _78\"> </span>1,713<span class=\"_ _2b7\"> </span>Other<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _16b\"> </span>20 <span class=\"_ _141\"> </span> <span class=\"_ _16b\"> </span>64 <span class=\"_ _141\"> </span> <span class=\"_ _4d\"> </span>(93)<span class=\"_ _2b7\"> </span>Total (notes 13-16 and 21)<span class=\"_ _d8\"> </span><span class=\"fcf\"> <span class=\"_ _bc\"> </span>409 <span class=\"_ _8a\"> </span> <span class=\"_ _bc\"> </span>707 <span class=\"_ _141\"> </span> <span class=\"_ _78\"> </span>1,580 <span class=\"_ _141\"> </span> <span class=\"_ _b4\"> </span>1,748 <span class=\"_ _141\"> </span> <span class=\"_ _78\"> </span>1,709 <span class=\"_ _141\"> </span> <span class=\"_ _5d\"> </span>(1,514)<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _ab\"> </span>Land &amp; buildings, Derivatives deferred tax and <span class=\"_ _1\"></span>Other property, plant &amp; equipment/Associates/Deferred tax have not been allocated out across business type.<span class=\"_ _2b7\"> </span>Higher<span class=\"_ _2b7\"> </span>Medium<span class=\"_ _2b7\"> </span>Lower<span class=\"_ _2b7\"> </span>3.<span class=\"_ _83\"> </span>Critical accounting judgements and key sources of estimation uncertainty<span class=\"_ _2b7\"> </span>All items noted above may be impacted by climate-related risks but are not currently considered to be key areas of judgement or sources<span class=\"_ _2b7\"> </span>of estimation uncertainty in the current financial year.<span class=\"_ _2b7\"> </span>Higher risk<span class=\"_ _2b7\"> </span>E&amp;P field valuations are dependent on forecast commodity prices. Climate change risk means that there is uncertainty over gas demand<span class=\"_ _2b7\"> </span>and forecast prices. This is not currently a key source of estimation uncertainty because current liquid commodity prices mean that there<span class=\"_ _2b7\"> </span>is significant impairment headroom over current carrying values. <span class=\"_ _1\"></span>Nonetheless, valuation sensitivity information based on a net zero price<span class=\"_ _2b7\"> </span>forecast has been provided in note 7(c) to show field values can move significantly.<span class=\"_ _1\"></span> (Note that the Group\u2019s intention is to run-off remaining<span class=\"_ _2b7\"> </span>fields with most production forecast in the next five years. Decommissioning ob<span class=\"_ _1\"></span>ligations will be substantively met by the early 2030s, whilst<span class=\"_ _2b7\"> </span>further investment in exploring for new gas fields has ceased.) Recoverability of E&amp;P deferred tax assets associated with historic losses is<span class=\"_ _2b7\"> </span>dependent on future field profitability and so is subject to c<span class=\"_ _1\"></span>limate change risk.<span class=\"_ _2b7\"> </span>The valuation of the investment in Nuclear is also highly dependent on forecast commodity prices. Climate change risks and opportunities<span class=\"_ _2b7\"> </span>means there is uncertainty over electricity demand and forecast prices. The underlying Nuclear stations, which produce electricity with no<span class=\"_ _2b7\"> </span>carbon emissions, have different useful economic lives, with the last station forecast to cease operating in 2055. <span class=\"_ _1\"></span>Valuation sensitivity<span class=\"_ _2b7\"> </span>information based on a net zero price forecast has been provided in note<span class=\"_ _1\"></span> 7(c).<span class=\"_ _2b7\"> </span>Medium risk<span class=\"_ _2b7\"> </span>The Group\u2019s small number of gas-fired power stations and engines are exposed to climate change risk, with valuations dependent on<span class=\"_ _2b7\"> </span>forecast gas and electricity prices and electricity demand. However, they are deemed medium risk as they do not have a significant<span class=\"_ _2b7\"> </span>carrying value in the context of the Group.<span class=\"_ _2b7\"> </span>Similarly the Group\u2019s investment in CHP and Fuel Cell assets are also exposed to climate risk. They have useful economic lives of up to<span class=\"_ _2b7\"> </span>15 years but they do not, individually or in total, have material carrying values.<span class=\"_ _2b7\"> </span>LNG Vessels on the balance sheet are exposed to risk from climate change, but as they are leased assets with the current term remaining<span class=\"_ _2b7\"> </span>less than five years, this risk is reduced to medium.<span class=\"_ _2b7\"> </span>The Group is in the process of transitioning to an electrified vehicle fleet. Non-electric vehicles are deemed medium risk because their<span class=\"_ _2b7\"> </span>remaining useful economic lives are generally quite short.<span class=\"_ _2b7\"> </span>Decommissioning provisions are generally longer-term but this could be brought forward for E&amp;P assets if the energy transition<span class=\"_ _2b7\"> </span>accelerates. However, as the decommissioning discount rate is only 1% (real) the balance sheet and income statement impact of earlier<span class=\"_ _2b7\"> </span>decommissioning would not be material.<span class=\"_ _2b7\"> </span>Deferred tax associated with field accelerated capital allowances and decommissioning in E&amp;P and Storage is not considered high risk<span class=\"_ _2b7\"> </span>due to the length of carry-back rules for decommissioning and the mechanical unwind of other temporary difference<span class=\"_ _1\"></span>s. Deferred tax assets<span class=\"_ _2b7\"> </span>associated with derivatives are considered medium risk as the derivatives generally realise within 2 years.<span class=\"_ _2b7\"> </span>Energy Supply, Energy Services and Energy Trading Goodwill, Customer Relationships and Application Software are categorised as<span class=\"_ _2b7\"> </span>medium risk because the businesses are exposed to energy transition risk as a result of climate change. However, there are also<span class=\"_ _2b7\"> </span>significant opportunities for these businesses and the carrying values are not material.<span class=\"_ _2b7\"> </span>Lower risk<span class=\"_ _2b7\"> </span>All other assets denoted in the table above are considered lower risk because they are either specifically related to the energy transition<span class=\"_ _2b7\"> </span>(e.g. electric vehicles, battery storage, emission certificates) or are immaterial.<span class=\"_ _2b7\"> </span>Other contracts<span class=\"_ _2b7\"> </span>The Group also has long-term LNG supply contracts with Cheniere and Mozambique. These are not reflected <span class=\"_ _1\"></span>on the balance sheet but<span class=\"_ _2b7\"> </span>the Group has certain purchase commitments (see note 23). <span class=\"_ _b\"></span>The contracts currently have significant value because of gas price locational<span class=\"_ _2b7\"> </span>spreads but are exposed to climate-change risk and therefore could ultimately become onerous in<span class=\"_ _1\"></span> net zero scenarios. The commitments<span class=\"_ _2b7\"> </span>note provides detail of the length of the contracts and commodity purchase commitments.<span class=\"_ _2b7\"> </span>4.<span class=\"_ _178\"> </span>Segmental analysis<span class=\"_ _2b7\"> </span>The Group\u2019s reporting segments are those used internally by management to run the business and make decisions. The<span class=\"_ _2b7\"> </span>Group\u2019s segments are based on products and services as well as the major factors that influence the performance of<span class=\"_ _2b7\"> </span>these products and services across the geographical locations in which the Group operates.<span class=\"_ _2b7\"> </span>(a) <span class=\"_ _c5\"> </span>Segmental structure<span class=\"_ _2b7\"> </span>The types of products and services from which each reportable segment derived its income during the year are detailed below. Income<span class=\"_ _2b7\"> </span>sources are reflected in Group revenue unless otherwise stated:<span class=\"_ _2b7\"> </span>Segment<span class=\"_ _179\"> </span>Description<span class=\"_ _2b7\"> </span>British Gas Services &amp;<span class=\"_ _2b7\"> </span>Solutions<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _ab\"> </span><span class=\"fs1d\">The installation, repair a<span class=\"_ _b\"></span>nd maintenance of domestic central heating and related appliances, and the p<span class=\"_ _1\"></span>rovision<span class=\"_ _2b7\"> </span></span>of fixed-fee maintenance/breakdown service and insurance contracts in the UK; and<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span><span class=\"fs1d\">the supply of new technologies and energy efficiency solutions in the UK.<span class=\"_ _2b7\"> </span></span>British Gas Energy<span class=\"_ _f8\"> </span><span class=\"ff6b fs1e fcf\">(i)<span class=\"_ _ab\"> </span><span class=\"fs1d\">The supply of gas and electr<span class=\"_ _b\"></span>icity to residential and small business customers in the UK.<span class=\"_ _2b7\"> </span></span></span>Bord G\u00e1is Energy<span class=\"_ _88\"> </span><span class=\"ff6b fs1e fcf\">(i)<span class=\"_ _c5\"> </span><span class=\"fs1d\">The supply of gas and electricity to residential, commercial and industrial customers in the Republic of Ireland;<span class=\"_ _2b7\"> </span></span></span>(ii)<span class=\"_ _147\"> </span><span class=\"fs1d\">the installation, repair and maintenance of domestic central heating and related a<span class=\"_ _1\"></span>ppliances in the Republic of<span class=\"_ _2b7\"> </span></span>Ireland; and<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _141\"> </span><span class=\"fs1d\">power generation in the Republic of Ireland<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _2b7\"> </span>.<span class=\"_ _2b7\"> </span>Centrica Business Solutions<span class=\"_ _17a\"> </span><span class=\"ff6b fs1e fcf\">(i)<span class=\"_ _ab\"> </span><span class=\"fs1d\">The supply of gas and elec<span class=\"_ _b\"></span>tricity to business customers in the UK</span></span> (i)<span class=\"_ _2b7\"> </span>; and<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span><span class=\"fs1d\">the supply of energy services and solutions to large organisations in all geographies in which the Group<span class=\"_ _2b7\"> </span></span>operates, and the development and operation of large-scale power assets in the UK.<span class=\"_ _2b7\"> </span>Energy Marketing &amp; Trading<span class=\"_ _18\"> </span><span class=\"ff6b fs1e fcf\">(i)<span class=\"_ _ab\"> </span><span class=\"fs1d\">The procurement, trading and optimisation of energy in the UK and Europe<span class=\"_ _2b7\"> </span></span></span>(i)<span class=\"_ _2b7\"> </span>;<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span><span class=\"fs1d\">the global procurement and sale of LNG; and<span class=\"_ _2b7\"> </span></span>(iii)<span class=\"_ _141\"> </span><span class=\"fs1d\">the generation of power from the Spalding combined cycle gas turbine tolling contract (the contract ended<span class=\"_ _2b7\"> </span></span>in 2021).<span class=\"_ _2b7\"> </span>Upstream<span class=\"_ _e1\"> </span><span class=\"ff6b fs1e fcf\">(i)<span class=\"_ _ab\"> </span><span class=\"fs1d\">The production and processing of oil and gas principa<span class=\"_ _b\"></span>lly within Spirit Energy<span class=\"_ _2b7\"> </span></span></span>(i)<span class=\"_ _2b7\"> </span>; and<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span><span class=\"fs1d\">the sale of power generated from nuclear assets in the UK.<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _ab\"> </span>Where income is generated from contracts in <span class=\"_ _1\"></span>the scope of IFRS 9, this is included in re-measurement and settlement of derivative energy contracts.<span class=\"_ _2b7\"> </span>4.<span class=\"_ _178\"> </span>Segmental analysis<span class=\"_ _2b7\"> </span>(b)<span class=\"_ _a9\"> </span>Revenue<span class=\"_ _2b7\"> </span>Gross segment revenue includes revenue generated from the sale of products and services to other reportable<span class=\"_ _2b7\"> </span>segments of the Group. Group revenue reflects only the sale of products and services to third parties. Sales between<span class=\"_ _2b7\"> </span>reportable segments are conducted on an arm\u2019s length basis.<span class=\"_ _2b7\"> </span>2022<span class=\"_ _1e\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>Gross<span class=\"_ _2b7\"> </span>segment<span class=\"_ _2b7\"> </span>revenue<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Less inter-<span class=\"_ _2b7\"> </span>segment<span class=\"_ _2b7\"> </span>revenue<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Group<span class=\"_ _2b7\"> </span>revenue<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Gross<span class=\"_ _2b7\"> </span>segment<span class=\"_ _2b7\"> </span>revenue<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Less inter-<span class=\"_ _2b7\"> </span>segment<span class=\"_ _2b7\"> </span>revenue<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Group<span class=\"_ _2b7\"> </span>revenue<span class=\"_ _2b7\"> </span>British Gas Services &amp; Solutions<span class=\"_ _95\"> </span> <span class=\"_ _47\"> </span>1,527 <span class=\"_ _141\"> </span> <span class=\"_ _50\"> </span>(50) <span class=\"_ _8f\"> </span> <span class=\"_ _54\"> </span>1,477 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _54\"> </span>1,513 <span class=\"_ _8e\"> </span> <span class=\"_ _140\"> </span>(53) <span class=\"_ _106\"> </span> <span class=\"_ _54\"> </span>1,460<span class=\"_ _2b7\"> </span></span>British Gas Energy<span class=\"_ _177\"> </span> <span class=\"_ _61\"> </span>13,096 <span class=\"_ _141\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _ee\"> </span>13,096 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _54\"> </span>7,513 <span class=\"_ _8e\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>7,513<span class=\"_ _2b7\"> </span></span>Bord G\u00e1is Energy<span class=\"_ _1e\"> </span> <span class=\"_ _17b\"> </span>1,771 <span class=\"_ _141\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>1,771 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _54\"> </span>1,111 <span class=\"_ _8a\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>1,111<span class=\"_ _2b7\"> </span></span>Centrica Business Solutions<span class=\"_ _17c\"> </span> <span class=\"_ _17b\"> </span>3,000 <span class=\"_ _141\"> </span> <span class=\"_ _31\"> </span>(19) <span class=\"_ _106\"> </span> <span class=\"_ _17b\"> </span>2,981 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _54\"> </span>1,981 <span class=\"_ _8a\"> </span> <span class=\"_ _140\"> </span>(28) <span class=\"_ _106\"> </span> <span class=\"_ _54\"> </span>1,953<span class=\"_ _2b7\"> </span></span>Energy Marketing &amp; Trading<span class=\"_ _17d\"> </span> <span class=\"_ _61\"> </span>14,441 <span class=\"_ _141\"> </span> <span class=\"_ _10c\"> </span>(219) <span class=\"_ _106\"> </span> <span class=\"_ _61\"> </span>14,222 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _54\"> </span>6,082 <span class=\"_ _8a\"> </span> <span class=\"_ _a0\"> </span>(214) <span class=\"_ _8f\"> </span> <span class=\"_ _54\"> </span>5,868<span class=\"_ _2b7\"> </span></span>Upstream<span class=\"_ _dc\"> </span> <span class=\"_ _17b\"> </span>3,351 <span class=\"_ _141\"> </span> <span class=\"_ _14d\"> </span>(3,261) <span class=\"_ _106\"> </span> <span class=\"_ _55\"> </span>90 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _54\"> </span>2,282 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>(1,887) <span class=\"_ _8f\"> </span> <span class=\"_ _8\"> </span>395<span class=\"_ _2b7\"> </span></span>Group revenue included in business performance<span class=\"_ _86\"> </span> <span class=\"_ _ee\"> </span>37,186 <span class=\"_ _8a\"> </span> <span class=\"_ _14d\"> </span>(3,549) <span class=\"_ _106\"> </span> <span class=\"_ _ee\"> </span>33,637 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _ee\"> </span>20,482 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>(2,182) <span class=\"_ _106\"> </span> <span class=\"_ _ee\"> </span>18,300<span class=\"_ _2b7\"> </span></span>Less: revenue arising on contracts in scope of IFRS 9<span class=\"_ _2b7\"> </span>included in business performance<span class=\"_ _17e\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>(9,896) <span class=\"_ _f\"> </span></span> <span class=\"_ _e4\"> </span>(3,556)<span class=\"_ _2b7\"> </span>Group Revenue<span class=\"_ _17f\"> </span><span class=\"fcf\"> <span class=\"_ _61\"> </span>23,741 <span class=\"_ _180\"> </span><span class=\"ff6b\"> <span class=\"_ _ee\"> </span>14,744<span class=\"_ _2b7\"> </span></span></span>The table below shows the Group revenue arising from contracts with customers, and therefore in the scope of <span class=\"_ _1\"></span>IFRS 15, and revenue<span class=\"_ _2b7\"> </span>arising from contracts in the scope of other standards. The key economic factors impacting the nature, timing and uncertainty of revenue<span class=\"_ _2b7\"> </span>and cash flows are considered to be driven by the type and broad geographical location of the customer. The analysis of IFRS 15 revenue<span class=\"_ _2b7\"> </span>below reflects these factors.<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>Revenue from<span class=\"_ _2b7\"> </span>contracts with<span class=\"_ _2b7\"> </span>customers in<span class=\"_ _2b7\"> </span>scope of IFRS 15<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Revenue from<span class=\"_ _2b7\"> </span>fixed-fee service<span class=\"_ _2b7\"> </span>and insurance<span class=\"_ _2b7\"> </span>contracts in<span class=\"_ _2b7\"> </span>scope of IFRS 4,<span class=\"_ _2b7\"> </span>and leasing<span class=\"_ _2b7\"> </span>contracts in<span class=\"_ _2b7\"> </span>scope of IFRS 16<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Group revenue<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Revenue in<span class=\"_ _2b7\"> </span>business<span class=\"_ _2b7\"> </span>performance<span class=\"_ _2b7\"> </span>arising from<span class=\"_ _2b7\"> </span>contracts in<span class=\"_ _2b7\"> </span>scope of IFRS 9<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Group revenue<span class=\"_ _2b7\"> </span>included in<span class=\"_ _2b7\"> </span>business<span class=\"_ _2b7\"> </span>performance<span class=\"_ _2b7\"> </span>Energy services and solutions<span class=\"_ _143\"> </span><span class=\"ff66\"> <span class=\"_ _85\"> </span>625<span class=\"_ _2b7\"> </span></span>British Gas Services &amp; Solutions<span class=\"_ _133\"> </span><span class=\"fcf\"> <span class=\"_ _b5\"> </span>625 <span class=\"_ _9e\"> </span> <span class=\"_ _23\"> </span>852 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>1,477 <span class=\"_ _141\"> </span> <span class=\"_ _53\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>1,477<span class=\"_ _2b7\"> </span></span>Energy supply \u2013 UK<span class=\"_ _db\"> </span><span class=\"ff66\"> <span class=\"_ _8\"> </span>13,096<span class=\"_ _2b7\"> </span></span>British Gas Energy<span class=\"_ _181\"> </span><span class=\"fcf\"> <span class=\"_ _109\"> </span>13,096 <span class=\"_ _141\"> </span> <span class=\"_ _117\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _68\"> </span>13,096 <span class=\"_ _141\"> </span> <span class=\"_ _53\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _68\"> </span>13,096<span class=\"_ _2b7\"> </span></span>Energy supply \u2013 Republic of Ireland<span class=\"_ _17d\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>1,323<span class=\"_ _2b7\"> </span></span>Bord G\u00e1is Energy<span class=\"_ _182\"> </span><span class=\"fcf\"> <span class=\"_ _55\"> </span>1,323 <span class=\"_ _141\"> </span> <span class=\"_ _53\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>1,323 <span class=\"_ _141\"> </span> <span class=\"_ _23\"> </span>448 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>1,771<span class=\"_ _2b7\"> </span></span>Energy supply \u2013 UK<span class=\"_ _db\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>1,465<span class=\"_ _2b7\"> </span></span>Energy services<span class=\"_ _182\"> </span><span class=\"ff66\"> <span class=\"_ _85\"> </span>249<span class=\"_ _2b7\"> </span></span>Centrica Business Solutions<span class=\"_ _34\"> </span><span class=\"fcf\"> <span class=\"_ _55\"> </span>1,714 <span class=\"_ _141\"> </span> <span class=\"_ _b5\"> </span>14 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>1,728 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>1,253 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>2,981<span class=\"_ _2b7\"> </span></span>Energy sales to trading and energy procurement counterparties<span class=\"_ _ab\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>5,639<span class=\"_ _2b7\"> </span></span>Energy Marketing &amp; Trading<span class=\"_ _c3\"> </span><span class=\"fcf\"> <span class=\"_ _55\"> </span>5,639 <span class=\"_ _141\"> </span> <span class=\"_ _b5\"> </span>16 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>5,655 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>8,567 <span class=\"_ _8a\"> </span> <span class=\"_ _68\"> </span>14,222<span class=\"_ _2b7\"> </span></span>Gas and liquid production<span class=\"_ _134\"> </span><span class=\"ff66\"> <span class=\"_ _85\"> </span>462<span class=\"_ _2b7\"> </span></span>Upstream<span class=\"_ _183\"> </span><span class=\"fcf\"> <span class=\"_ _85\"> </span>462 <span class=\"_ _141\"> </span> <span class=\"_ _53\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _23\"> </span>462 <span class=\"_ _9e\"> </span> <span class=\"_ _2a\"> </span>(372) <span class=\"_ _8f\"> </span> <span class=\"_ _85\"> </span>90</span> <span class=\"_ _109\"> </span>22,859 <span class=\"_ _141\"> </span> <span class=\"_ _b3\"> </span>882 <span class=\"_ _8a\"> </span> <span class=\"_ _68\"> </span>23,741 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>9,896 <span class=\"_ _141\"> </span> <span class=\"_ _68\"> </span>33,637<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _ab\"> </span>The Group has recognised \u00a31,539 million of revenue from t<span class=\"_ _1\"></span>he Government in relation to the Energy Price Guarantee scheme for domestic customers in the British Gas<span class=\"_ _2b7\"> </span>Energy segment. A further \u00a3219 million of revenue has been recognised in respect of the Energy Bill Relief S<span class=\"_ _1\"></span>cheme. \u00a3175 million of this total relates to Centrica Business<span class=\"_ _2b7\"> </span>Solutions customers and \u00a344 million relates to non-domestic customers in the British Gas Energy segment. A further \u00a31,125 million was received, and provided t<span class=\"_ _b\"></span>o<span class=\"_ _2b7\"> </span>customers of the British Gas Energy segment in respect of the Government\u2019s Energy Bill Support Scheme resulting in a net \u00a3nil presentation in the Group\u2019<span class=\"_ _b\"></span>s income<span class=\"_ _2b7\"> </span>statement, see note 1.<span class=\"_ _2b7\"> </span>4.<span class=\"_ _178\"> </span>Segmental analysis<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>Year ended 31 December<span class=\"_ _2b7\"> </span>Revenue from<span class=\"_ _2b7\"> </span>contracts with<span class=\"_ _2b7\"> </span>customers in<span class=\"_ _2b7\"> </span>scope of IFRS 15<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Revenue from<span class=\"_ _2b7\"> </span>fixed-fee service<span class=\"_ _2b7\"> </span>and insurance<span class=\"_ _2b7\"> </span>contracts in<span class=\"_ _2b7\"> </span>scope of IFRS 4,<span class=\"_ _2b7\"> </span>and leasing<span class=\"_ _2b7\"> </span>contracts in<span class=\"_ _2b7\"> </span>scope of IFRS 16<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Group revenue<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Revenue in<span class=\"_ _2b7\"> </span>business<span class=\"_ _2b7\"> </span>performance<span class=\"_ _2b7\"> </span>arising from<span class=\"_ _2b7\"> </span>contracts in<span class=\"_ _2b7\"> </span>scope of IFRS 9<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Group revenu<span class=\"_ _2b7\"> </span>included i<span class=\"_ _2b7\"> </span>busines<span class=\"_ _2b7\"> </span>performance<span class=\"_ _2b7\"> </span>\u00a3<span class=\"_ _2b7\"> </span>Energy services and solutions <span class=\"_ _b3\"> </span>554<span class=\"_ _2b7\"> </span>British Gas Services &amp; Solutions <span class=\"_ _b3\"> </span>554 <span class=\"_ _8a\"> </span> <span class=\"_ _b3\"> </span>906 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>1,460 <span class=\"_ _8a\"> </span> <span class=\"_ _117\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _8\"> </span>1,46<span class=\"_ _2b7\"> </span>Energy supply \u2013 UK <span class=\"_ _109\"> </span>7,513<span class=\"_ _2b7\"> </span>British Gas Energy <span class=\"_ _109\"> </span>7,513 <span class=\"_ _8a\"> </span> <span class=\"_ _117\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>7,513 <span class=\"_ _141\"> </span> <span class=\"_ _117\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>7,51<span class=\"_ _2b7\"> </span>Energy supply \u2013 Republic of Ireland <span class=\"_ _b3\"> </span>903<span class=\"_ _2b7\"> </span>Bord G\u00e1is Energy <span class=\"_ _b3\"> </span>903 <span class=\"_ _8a\"> </span> <span class=\"_ _117\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b3\"> </span>903 <span class=\"_ _8a\"> </span> <span class=\"_ _b3\"> </span>208 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>1,11<span class=\"_ _2b7\"> </span>Energy supply \u2013 UK <span class=\"_ _b3\"> </span>944<span class=\"_ _2b7\"> </span>Energy services <span class=\"_ _b3\"> </span>297<span class=\"_ _2b7\"> </span>Centrica Business Solutions <span class=\"_ _109\"> </span>1,241 <span class=\"_ _8a\"> </span> <span class=\"_ _f1\"> </span>7 <span class=\"_ _8e\"> </span> <span class=\"_ _8\"> </span>1,248 <span class=\"_ _8a\"> </span> <span class=\"_ _b3\"> </span>705 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>1,95<span class=\"_ _2b7\"> </span>Energy sales to trading and energy procurement counterparties <span class=\"_ _109\"> </span>2,825<span class=\"_ _2b7\"> </span>Energy Marketing &amp; Trading <span class=\"_ _109\"> </span>2,825 <span class=\"_ _8a\"> </span> <span class=\"_ _85\"> </span>35 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>2,860 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>3,008 <span class=\"_ _8a\"> </span> <span class=\"_ _8\"> </span>5,86<span class=\"_ _2b7\"> </span>Gas and liquid production <span class=\"_ _b3\"> </span>760<span class=\"_ _2b7\"> </span>Upstream <span class=\"_ _b3\"> </span>760 <span class=\"_ _8a\"> </span> <span class=\"_ _117\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b3\"> </span>760 <span class=\"_ _8a\"> </span> <span class=\"_ _55\"> </span>(365) <span class=\"_ _106\"> </span> <span class=\"_ _b3\"> </span>39 <span class=\"_ _68\"> </span>13,796 <span class=\"_ _8a\"> </span> <span class=\"_ _b3\"> </span>948 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>14,744 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>3,556 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>18,30<span class=\"_ _2b7\"> </span>Geographical analysis of revenue and non-current assets<span class=\"_ _2b7\"> </span>The Group monitors and manages performance by reference to its operating segments and not solely on a geographical basis. However,<span class=\"_ _2b7\"> </span>provided below is an analysis of revenue and certain non-current assets by geography<span class=\"_ _1\"></span><span class=\"ff6d\">.<span class=\"_ _2b7\"> </span></span>Group revenue<span class=\"_ _2b7\"> </span>(based on location of customer)<span class=\"_ _2b7\"> </span>Non-current assets<span class=\"_ _2b7\"> </span>(based on location of assets)<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>Year ended 31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>202<span class=\"_ _2b7\"> </span>\u00a3<span class=\"_ _2b7\"> </span>Continuing operations<span class=\"_ _2b7\"> </span>UK <span class=\"_ _b7\"> </span>17,480 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _7b\"> </span>10,891 <span class=\"_ _12\"> </span></span> <span class=\"_ _4a\"> </span>3,827 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _4a\"> </span>4,20<span class=\"_ _2b7\"> </span></span>Republic of Ireland <span class=\"_ _4a\"> </span>1,323 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _78\"> </span>903 <span class=\"_ _12\"> </span></span> <span class=\"_ _78\"> </span>152 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _78\"> </span>13<span class=\"_ _2b7\"> </span></span>Scandinavia (including Denmark) <span class=\"_ _4a\"> </span>1,473 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _78\"> </span>894 <span class=\"_ _12\"> </span></span> <span class=\"_ _78\"> </span>181 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _78\"> </span>17<span class=\"_ _2b7\"> </span></span>North America <span class=\"_ _78\"> </span>867 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _78\"> </span>413 <span class=\"_ _12\"> </span></span> <span class=\"_ _b8\"> </span>14 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _b8\"> </span>2<span class=\"_ _2b7\"> </span></span>Rest of the world <span class=\"_ _4a\"> </span>2,598 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _4a\"> </span>1,643 <span class=\"_ _12\"> </span></span> <span class=\"_ _78\"> </span>353 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _78\"> </span>33</span> <span class=\"_ _b7\"> </span>23,741 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _7b\"> </span>14,744 <span class=\"_ _12\"> </span></span> <span class=\"_ _4a\"> </span>4,527 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _4a\"> </span>4,87<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _ab\"> </span>Non-current assets comprise goodwill, other <span class=\"_ _1\"></span>intangible assets, PP&amp;E, interests in joint ventures and associates and non-financial assets within trade and other<span class=\"_ _2b7\"> </span>receivables, and contract-related assets. Assets of disposal groups held for sale are not included.<span class=\"_ _2b7\"> </span>4.<span class=\"_ _178\"> </span>Segmental analysis<span class=\"_ _2b7\"> </span>(c)<span class=\"_ _a9\"> </span>Adjusted gross margin and adjusted operating profit<span class=\"_ _2b7\"> </span>The measure of profit used by the Group is adjusted operating profit. Adjusted operating profit is operating profit<span class=\"_ _2b7\"> </span>before exceptional items and certain re-measurements. This includes business performance results of equity-<span class=\"_ _2b7\"> </span>accounted interests.<span class=\"_ _2b7\"> </span>This note also details adjusted gross margin. Both measures are reconciled to their statutory equivalents.<span class=\"_ _2b7\"> </span>Adjusted gross margin<span class=\"_ _58\"> </span>Adjusted operating profit<span class=\"_ _2b7\"> </span>Year ended 31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>British Gas Services &amp; Solutions<span class=\"_ _d0\"> </span> <span class=\"_ _78\"> </span>504 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _10d\"> </span>574 <span class=\"_ _8a\"> </span></span> <span class=\"_ _bc\"> </span>(9) <span class=\"_ _8f\"> </span><span class=\"ff6b\"> <span class=\"_ _10d\"> </span>121<span class=\"_ _2b7\"> </span></span>British Gas Energy<span class=\"_ _166\"> </span> <span class=\"_ _81\"> </span>1,114 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _51\"> </span>849 <span class=\"_ _8a\"> </span></span> <span class=\"_ _9a\"> </span>72 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _10d\"> </span>118<span class=\"_ _2b7\"> </span></span>Bord G\u00e1is Energy<span class=\"_ _43\"> </span> <span class=\"_ _b4\"> </span>160 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _10d\"> </span>136 <span class=\"_ _8a\"> </span></span> <span class=\"_ _b8\"> </span>31 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _58\"> </span>28<span class=\"_ _2b7\"> </span></span>Centrica Business Solutions<span class=\"_ _184\"> </span> <span class=\"_ _b4\"> </span>238 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _51\"> </span>143 <span class=\"_ _8a\"> </span></span> <span class=\"_ _9a\"> </span>44 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _5b\"> </span>(52)<span class=\"_ _2b7\"> </span></span>Energy Marketing &amp; Trading<span class=\"_ _2b\"> </span> <span class=\"_ _81\"> </span>1,558 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _51\"> </span>242 <span class=\"_ _8a\"> </span></span> <span class=\"_ _81\"> </span>1,400 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _58\"> </span>70<span class=\"_ _2b7\"> </span></span>Upstream<span class=\"_ _185\"> </span> <span class=\"_ _81\"> </span>1,874 <span class=\"_ _8a\"> </span><span class=\"ff6b\"> <span class=\"_ _51\"> </span>926 <span class=\"_ _8a\"> </span></span> <span class=\"_ _81\"> </span>1,793 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _51\"> </span>663<span class=\"_ _2b7\"> </span></span>Segmental adjusted gross margin/adjusted operating profit<span class=\"_ _115\"> </span> <span class=\"_ _81\"> </span>5,448 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _a0\"> </span>2,870 <span class=\"_ _8a\"> </span></span> <span class=\"_ _4a\"> </span>3,331 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _51\"> </span>948<span class=\"_ _2b7\"> </span></span>Reconciling items to Group Income Statement:<span class=\"_ _2b7\"> </span>Profit share<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _bc\"> </span>(9) <span class=\"_ _8f\"> </span><span class=\"ff6b\"> <span class=\"_ _e8\"> </span>\u2014 <span class=\"_ _141\"> </span></span> <span class=\"_ _48\"> </span>(23) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _e8\"> </span>\u2014<span class=\"_ _2b7\"> </span></span>Total Group adjusted gross margin/adjusted operating profit<span class=\"_ _a7\"> </span> <span class=\"_ _81\"> </span>5,439 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _a0\"> </span>2,870 <span class=\"_ _8a\"> </span></span> <span class=\"_ _4a\"> </span>3,308 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _51\"> </span>948<span class=\"_ _2b7\"> </span></span>Certain re-measurements:<span class=\"_ _2b7\"> </span>Onerous energy supply contract provision movement<span class=\"_ _154\"> </span><span class=\"ff66\"> <span class=\"_ _81\"> </span>1,766 <span class=\"_ _8a\"> </span></span> <span class=\"_ _7c\"> </span>(2,530) <span class=\"_ _8f\"> </span><span class=\"ff66\"> <span class=\"_ _81\"> </span>1,766 <span class=\"_ _141\"> </span></span> <span class=\"_ _7c\"> </span>(2,530)<span class=\"_ _2b7\"> </span>Derivative contracts<span class=\"_ _186\"> </span><span class=\"ff66\"> <span class=\"_ _7e\"> </span>(5,160) <span class=\"_ _187\"> </span></span>1,289<span class=\"_ _147\"> </span><span class=\"ff66\"> <span class=\"_ _7e\"> </span>(5,160) <span class=\"_ _187\"> </span></span>1,289<span class=\"_ _2b7\"> </span>Share of re-measurement of certain associates\u2019 energy contracts (net of taxation)<span class=\"_ _e2\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span></span> <span class=\"_ _e8\"> </span>\u2014 <span class=\"_ _8a\"> </span><span class=\"ff66\"> <span class=\"_ _2e\"> </span>1 <span class=\"_ _141\"> </span></span> <span class=\"_ _e8\"> </span>\u2014<span class=\"_ _2b7\"> </span>Gross profit<span class=\"_ _188\"> </span> <span class=\"_ _81\"> </span>2,045 <span class=\"_ _8a\"> </span><span class=\"ff6b\"> <span class=\"_ _a0\"> </span>1,629<span class=\"_ _2b7\"> </span></span>Exceptional items in operating profit<span class=\"_ _189\"> </span><span class=\"ff66\"> <span class=\"_ _30\"> </span>(155) <span class=\"_ _106\"> </span></span> <span class=\"_ _a0\"> </span>1,247<span class=\"_ _2b7\"> </span>Operating (loss)/profit after exceptional items and certain re-measurements<span class=\"_ _a5\"> </span> <span class=\"_ _26\"> </span>(240) <span class=\"_ _21\"> </span><span class=\"ff6b\">954<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _ab\"> </span>The impact of the Group\u2019s profit share <span class=\"_ _1\"></span>is excluded because management considers it unrelated to segmental business performance.<span class=\"_ _2b7\"> </span>4. <span class=\"_ _11c\"> </span>Segmental analysis<span class=\"_ _2b7\"> </span>(d) <span class=\"_ _13e\"> </span>Included within adjusted operating profit<span class=\"_ _2b7\"> </span>Presented below are certain items included within adjusted operating profit, including a summary of impairments of<span class=\"_ _2b7\"> </span>property, plant and equipment and write-downs relating to exploration and evaluation assets.<span class=\"_ _2b7\"> </span>Depreciation and impairments of<span class=\"_ _2b7\"> </span>property, plant and equipment<span class=\"_ _2b7\"> </span>Amortisation, write-downs and<span class=\"_ _2b7\"> </span>impairments of intangibles<span class=\"_ _2b7\"> </span>Year ended 31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>British Gas Services &amp; Solutions <span class=\"_ _9a\"> </span>(31) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _2a\"> </span>(29) <span class=\"_ _13e\"> </span></span> <span class=\"_ _9a\"> </span>(16) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _55\"> </span>(14)<span class=\"_ _2b7\"> </span></span>British Gas Energy <span class=\"_ _4d\"> </span>(3) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _4f\"> </span>(5) <span class=\"_ _13e\"> </span></span> <span class=\"_ _b8\"> </span>(79) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _55\"> </span>(91)<span class=\"_ _2b7\"> </span></span>Bord G\u00e1is Energy <span class=\"_ _4d\"> </span>(8) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _4f\"> </span>(5) <span class=\"_ _13e\"> </span></span> <span class=\"_ _b8\"> </span>(13) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _55\"> </span>(13)<span class=\"_ _2b7\"> </span></span>Centrica Business Solutions <span class=\"_ _9a\"> </span>(13) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _2a\"> </span>(14) <span class=\"_ _13e\"> </span></span> <span class=\"_ _9a\"> </span>(32) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _55\"> </span>(34)<span class=\"_ _2b7\"> </span></span>Energy Marketing &amp; Trading <span class=\"_ _9a\"> </span>(31) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _2a\"> </span>(38) <span class=\"_ _13e\"> </span></span> <span class=\"_ _9a\"> </span>(15) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _55\"> </span>(11)<span class=\"_ _2b7\"> </span></span>Upstream <span class=\"_ _b4\"> </span>(481) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _109\"> </span>(461) <span class=\"_ _13e\"> </span></span> <span class=\"_ _b3\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _55\"> </span>(25)<span class=\"_ _2b7\"> </span></span>Other<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _9a\"> </span>(31) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _2a\"> </span>(31) <span class=\"_ _13e\"> </span></span> <span class=\"_ _9a\"> </span>(24) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _55\"> </span>(28)</span> <span class=\"_ _b4\"> </span>(598) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _109\"> </span>(583) <span class=\"_ _13e\"> </span></span> <span class=\"_ _b4\"> </span>(179) <span class=\"_ _8f\"> </span><span class=\"ff6b\"> <span class=\"_ _109\"> </span>(216)<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _ab\"> </span>The Other segment includes corporate functions, <span class=\"_ _1\"></span>subsequently recharged.<span class=\"_ _2b7\"> </span>Impairments and write-downs of PP&amp;E<span class=\"_ _2b7\"> </span>During 2022, \u00a388 million of impairments of PP&amp;E (2021: \u00a33 million) w<span class=\"_ _b\"></span>ere recognised within business performance \u2013 \u00a384 million in the<span class=\"_ _2b7\"> </span>Upstream segment and \u00a34 million in the Other segment. Included in the Upstream segment write-down was \u00a364 million related to an infill<span class=\"_ _2b7\"> </span>well that was dry, and a \u00a320 million impairment associated with a producing field whose recoverable amounts reduced during the year due<span class=\"_ _2b7\"> </span>to worsening economics.<span class=\"_ _2b7\"> </span>Write-downs and impairments of intangible assets<span class=\"_ _2b7\"> </span>During 2022, there were no write-downs relating to exploration and evaluation asset dry holes (<span class=\"_ _1\"></span>2021: \u00a325 million) recognised in the<span class=\"_ _2b7\"> </span>Upstream segment. All such prior year write-downs were recognised within business performance as they were not deemed exceptional in<span class=\"_ _2b7\"> </span>nature. During 2022, \u00a320 million of other intangible assets were impaired within business performance (<span class=\"_ _1\"></span>2021: \u00a33 million).<span class=\"_ _2b7\"> </span>The recoverable amount of these assets was \u00a3nil.<span class=\"_ _2b7\"> </span>4.<span class=\"_ _178\"> </span>Segmental analysis<span class=\"_ _2b7\"> </span>(e) <span class=\"_ _c5\"> </span>Capital expenditure<span class=\"_ _2b7\"> </span>Capital expenditure represents additions, other than assets acquired as part of business combinations, to property,<span class=\"_ _2b7\"> </span>plant and equipment and intangible assets. Capital expenditure has been reconciled to the related cash outflow.<span class=\"_ _2b7\"> </span>Capital expenditure on property,<span class=\"_ _2b7\"> </span>plant and equipment<span class=\"_ _2b7\"> </span>Capital expenditure on intangible<span class=\"_ _2b7\"> </span>assets other than goodwill<span class=\"_ _2b7\"> </span>Year ended 31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>British Gas Services &amp; Solutions<span class=\"_ _17e\"> </span> <span class=\"_ _5d\"> </span>52 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _23\"> </span>32 <span class=\"_ _a9\"> </span></span> <span class=\"_ _48\"> </span>25 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _23\"> </span>20<span class=\"_ _2b7\"> </span></span>British Gas Energy<span class=\"_ _18a\"> </span> <span class=\"_ _31\"> </span>\u2014 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _f5\"> </span>\u2014 <span class=\"_ _a9\"> </span></span> <span class=\"_ _30\"> </span>582 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _187\"> </span>474<span class=\"_ _2b7\"> </span></span>Bord G\u00e1is Energy<span class=\"_ _14b\"> </span> <span class=\"_ _bc\"> </span>3 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _23\"> </span>40 <span class=\"_ _a9\"> </span></span> <span class=\"_ _bc\"> </span>4 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _b5\"> </span>6<span class=\"_ _2b7\"> </span></span>Centrica Business Solutions<span class=\"_ _18b\"> </span> <span class=\"_ _48\"> </span>47 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _23\"> </span>17 <span class=\"_ _a9\"> </span></span> <span class=\"_ _30\"> </span>205 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>166<span class=\"_ _2b7\"> </span></span>Energy Marketing &amp; Trading<span class=\"_ _18c\"> </span> <span class=\"_ _31\"> </span>\u2014 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _f5\"> </span>\u2014 <span class=\"_ _a9\"> </span></span> <span class=\"_ _22\"> </span>14 <span class=\"_ _8a\"> </span><span class=\"ff6b\"> <span class=\"_ _b3\"> </span>34<span class=\"_ _2b7\"> </span></span>Upstream<span class=\"_ _18d\"> </span> <span class=\"_ _30\"> </span>124 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>238 <span class=\"_ _a9\"> </span></span> <span class=\"_ _48\"> </span>13 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _23\"> </span>51<span class=\"_ _2b7\"> </span></span>Other<span class=\"_ _18e\"> </span> <span class=\"_ _48\"> </span>26 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _b5\"> </span>8 <span class=\"_ _a9\"> </span></span> <span class=\"_ _187\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _5b\"> </span>\u2014<span class=\"_ _2b7\"> </span></span>Capital expenditure<span class=\"_ _18f\"> </span> <span class=\"_ _30\"> </span>252 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>335 <span class=\"_ _a9\"> </span></span> <span class=\"_ _30\"> </span>843 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>751<span class=\"_ _2b7\"> </span></span>Capitalised borrowing costs <span class=\"_ _31\"> </span>\u2014 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _21\"> </span>(8) <span class=\"_ _ab\"> </span></span> <span class=\"_ _187\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _5b\"> </span>\u2014<span class=\"_ _2b7\"> </span></span>Inception of new leases and movements in payables and prepayments related to<span class=\"_ _2b7\"> </span>capital expenditure <span class=\"_ _78\"> </span>(49) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _2a\"> </span>(49) <span class=\"_ _ab\"> </span></span> <span class=\"_ _bc\"> </span>5 <span class=\"_ _8a\"> </span><span class=\"ff6b\"> <span class=\"_ _b3\"> </span>24<span class=\"_ _2b7\"> </span></span>Capital expenditure cash outflow subsequent to transfer to held for sale <span class=\"_ _30\"> </span>109 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _23\"> </span>21 <span class=\"_ _a9\"> </span></span> <span class=\"_ _48\"> </span>10 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _5b\"> </span>\u2014<span class=\"_ _2b7\"> </span></span>Purchases of emissions allowances and renewable obligation certificates (note 15)<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _31\"> </span>\u2014 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _f5\"> </span>\u2014 <span class=\"_ _a9\"> </span></span> <span class=\"_ _77\"> </span>(799) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _109\"> </span>(654)<span class=\"_ _2b7\"> </span></span>Net cash outflow <span class=\"_ _30\"> </span>312 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>299 <span class=\"_ _a9\"> </span></span> <span class=\"_ _48\"> </span>59 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>121<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _ab\"> </span>Purchases of emissions allowances and renewable <span class=\"_ _b\"></span>obligation certificates of \u00a3578 million (2021: \u00a3472 million) <span class=\"_ _b\"></span>in British Gas Energy, \u00a3203 million (2021: \u00a3155 million) in<span class=\"_ _2b7\"> </span>Centrica Business Solutions, \u00a313 million (2021: \u00a3nil) in Upstream, and \u00a35 million (<span class=\"_ _1\"></span>2021: \u00a327 million) in Energy Marketing &amp; Trading.<span class=\"_ _2b7\"> </span>4.<span class=\"_ _178\"> </span>Segmental analysis<span class=\"_ _2b7\"> </span>(f) <span class=\"_ _a9\"> </span>Free cash flow<span class=\"_ _2b7\"> </span>Free cash flow is used by management to assess the cash generating performance of each segment, after ta<span class=\"_ _1\"></span>king<span class=\"_ _2b7\"> </span>account of the need to maintain its capital asset base. By excluding deficit reduction payments and movements in<span class=\"_ _2b7\"> </span>collateral and margin cash, which are predominantly triggered by wider market factors, and in the case of colla<span class=\"_ _1\"></span>teral and<span class=\"_ _2b7\"> </span>margin movements, represent timing movements, free cash flow is used by management as an adjusted measure of the<span class=\"_ _2b7\"> </span>cash generation of the business. Free cash flow excludes investing cash flows that are related to adjusted net debt/<span class=\"_ _2b7\"> </span>cash. This measure is reconciled to the net cash flow from operating and investing activities.<span class=\"_ _2b7\"> </span>Year ended 31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Continuing operations<span class=\"_ _2b7\"> </span>British Gas Services &amp; Solutions<span class=\"_ _190\"> </span> <span class=\"_ _48\"> </span>(19) <span class=\"_ _104\"> </span>170<span class=\"_ _2b7\"> </span>British Gas Energy (i) <span class=\"_ _81\"> </span>1,283 <span class=\"_ _2a\"> </span>16<span class=\"_ _2b7\"> </span>Bord G\u00e1is Energy<span class=\"_ _191\"> </span> <span class=\"_ _9a\"> </span>81 <span class=\"_ _2e\"> </span>3<span class=\"_ _2b7\"> </span>Centrica Business Solutions<span class=\"_ _192\"> </span> <span class=\"_ _48\"> </span>(48) <span class=\"_ _2a\"> </span>22<span class=\"_ _2b7\"> </span>Energy Marketing &amp; Trading<span class=\"_ _2b7\"> </span>(ii) <span class=\"_ _b4\"> </span>199 <span class=\"_ _104\"> </span>206<span class=\"_ _2b7\"> </span>Upstream<span class=\"_ _2b7\"> </span>(iii) <span class=\"_ _81\"> </span>1,539 <span class=\"_ _104\"> </span>835<span class=\"_ _2b7\"> </span>Other<span class=\"_ _2b7\"> </span>(iv) <span class=\"_ _9a\"> </span>26 <span class=\"_ _2a\"> </span>62<span class=\"_ _2b7\"> </span>Segmental free cash flow excluding tax<span class=\"_ _193\"> </span> <span class=\"_ _81\"> </span>3,061 <span class=\"_ _81\"> </span>1,314<span class=\"_ _2b7\"> </span>Discontinued operations<span class=\"_ _2b7\"> </span>Direct Energy<span class=\"_ _194\"> </span> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _81\"> </span>2,597<span class=\"_ _2b7\"> </span>Group total segmental free cash flow excluding tax<span class=\"_ _195\"> </span> <span class=\"_ _81\"> </span>3,061 <span class=\"_ _81\"> </span>3,911<span class=\"_ _2b7\"> </span>Taxes paid from continuing operations<span class=\"_ _2b7\"> </span>(iii) <span class=\"_ _30\"> </span>(574) <span class=\"_ _2c\"> </span>(140<span class=\"_ _2b7\"> </span>Taxes paid from discontinued operations<span class=\"_ _196\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>\u2014</span> <span class=\"_ _23\"> </span>(9<span class=\"_ _2b7\"> </span>Group total free cash flow <span class=\"_ _81\"> </span>2,487 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>3,762<span class=\"_ _2b7\"> </span></span>Less Discontinued operations free cash flow (including tax)<span class=\"_ _197\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _11c\"> </span></span> <span class=\"_ _14d\"> </span>(2,588<span class=\"_ _2b7\"> </span>Free cash flow from continuing operations <span class=\"_ _81\"> </span>2,487 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,174<span class=\"_ _2b7\"> </span></span>UK Pension deficit payments (note 22) <span class=\"_ _30\"> </span>(214) <span class=\"_ _2c\"> </span>(368<span class=\"_ _2b7\"> </span>Movements in variation margin and collateral (note 24) <span class=\"_ _7e\"> </span>(1,173) <span class=\"_ _104\"> </span>481<span class=\"_ _2b7\"> </span>Interest received <span class=\"_ _9a\"> </span>46 <span class=\"_ _2e\"> </span>2<span class=\"_ _2b7\"> </span>Purchase and settlement of securities<span class=\"_ _2b7\"> </span>(v) <span class=\"_ _30\"> </span>(398) <span class=\"_ _23\"> </span>(3 <span class=\"_ _b4\"> </span>748 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,286<span class=\"_ _2b7\"> </span></span>Net cash flow from continuing operating activities <span class=\"_ _81\"> </span>1,314 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,611<span class=\"_ _2b7\"> </span></span>Net cash flow used in continuing investing activities <span class=\"_ _30\"> </span>(566) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(325)<span class=\"_ _2b7\"> </span></span>Total cash flow from continuing operating and investing activities<span class=\"_ _2b7\"> </span>748<span class=\"_ _113\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,286<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _ab\"> </span>The Group has received <span class=\"_ _b\"></span>\u00a3440 million under the Energy Bill Support Scheme during December 2022, which is disclosed as restricted cash (see note 1), and accelerated<span class=\"_ _2b7\"> </span>cash flows of approximately \u00a3700 million under the Energy Price Guarantee<span class=\"_ _b\"></span>, when compared to the normal payment profile.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>Energy Marketing &amp; Trading free cash flow in 2022 includes cash outflows associated with increased gas in storage, and working capital movements of approximately<span class=\"_ _2b7\"> </span>\u00a3500 million. Energy Marketing &amp; Trading adjusted operating profit includes a significant portion of unrealised derivative positions.<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _141\"> </span>Upstream free cash flow in 2022 includes inflows of \u00a3630 million relating to the Norwegian disposal groups, including its disposal cash flows. Realised hedge cash<span class=\"_ _2b7\"> </span>outflows of \u00a3161 million (including \u00a388 million realising post completion) have been incurred relating to the Norwegian assets but were held out<span class=\"_ _b\"></span>side the disposal groups.<span class=\"_ _2b7\"> </span>\u00a3300 million of taxes paid relate to the Norwegian disposal groups.<span class=\"_ _2b7\"> </span>(iv)<span class=\"_ _8a\"> </span>The Other segment includes corporate functions.<span class=\"_ _2b7\"> </span>(v)<span class=\"_ _14\"> </span>Purchase and settlement of securities includes outflows of \u00a3400 million of loans to the pension schemes. See note <span class=\"_ _1\"></span>22 for further details on pensions loans.<span class=\"_ _2b7\"> </span>5. <span class=\"_ _11c\"> </span>Costs<span class=\"_ _2b7\"> </span>This section details the types of costs the Group incurs and the number of employees in each of our operations.<span class=\"_ _2b7\"> </span>(a)<span class=\"_ _a9\"> </span>Analysis of costs by nature<span class=\"_ _2b7\"> </span>2022<span class=\"_ _1e\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>Year ended 31 December Cost of sales<span class=\"_ _2b7\"> </span>and settlement<span class=\"_ _2b7\"> </span>of certain<span class=\"_ _2b7\"> </span>energy<span class=\"_ _2b7\"> </span>contracts<span class=\"_ _2b7\"> </span>\u00a3m Operating<span class=\"_ _2b7\"> </span>costs<span class=\"_ _2b7\"> </span>\u00a3m Total<span class=\"_ _2b7\"> </span>costs<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Cost of sales<span class=\"_ _2b7\"> </span>and settlement<span class=\"_ _2b7\"> </span>of certain<span class=\"_ _2b7\"> </span>energy<span class=\"_ _2b7\"> </span>contracts<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Operating<span class=\"_ _2b7\"> </span>costs<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>costs<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Transportation, distribution, capacity market and metering<span class=\"_ _2b7\"> </span>costs <span class=\"_ _14d\"> </span>(4,694) <span class=\"_ _8f\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _14d\"> </span>(4,694) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _b9\"> </span>(3,702) <span class=\"_ _106\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>(3,702)<span class=\"_ _2b7\"> </span></span>Commodity costs<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _e2\"> </span>(20,748) <span class=\"_ _106\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>(20,748) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _e4\"> </span>(9,302) <span class=\"_ _8f\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>(9,302)<span class=\"_ _2b7\"> </span></span>Depreciation, amortisation, impairments and write-downs <span class=\"_ _2c\"> </span>(441) <span class=\"_ _106\"> </span> <span class=\"_ _10c\"> </span>(336) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(777) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _a0\"> </span>(497) <span class=\"_ _8f\"> </span> <span class=\"_ _a0\"> </span>(302) <span class=\"_ _8f\"> </span> <span class=\"_ _146\"> </span>(799)<span class=\"_ _2b7\"> </span></span>Employee costs <span class=\"_ _2c\"> </span>(704) <span class=\"_ _106\"> </span> <span class=\"_ _10c\"> </span>(753) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>(1,457) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _146\"> </span>(464) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(749) <span class=\"_ _106\"> </span> <span class=\"_ _e4\"> </span>(1,213)<span class=\"_ _2b7\"> </span></span>Other direct costs<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _14d\"> </span>(1,611) <span class=\"_ _8f\"> </span> <span class=\"_ _10c\"> </span>(783) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>(2,394) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _e4\"> </span>(1,465) <span class=\"_ _8f\"> </span> <span class=\"_ _a0\"> </span>(652) <span class=\"_ _8f\"> </span> <span class=\"_ _e4\"> </span>(2,117)<span class=\"_ _2b7\"> </span></span>Costs included within business performance before<span class=\"_ _2b7\"> </span>credit losses on financial assets <span class=\"_ _e2\"> </span>(28,198) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>(1,872) <span class=\"_ _8f\"> </span> <span class=\"_ _10f\"> </span>(30,070) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _75\"> </span>(15,430) <span class=\"_ _106\"> </span> <span class=\"_ _b9\"> </span>(1,703) <span class=\"_ _106\"> </span> <span class=\"_ _75\"> </span>(17,133)<span class=\"_ _2b7\"> </span></span>Credit losses on financial assets (net of recovered amounts)<span class=\"_ _2b7\"> </span>(note 17) <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _10c\"> </span>(351) <span class=\"_ _8f\"> </span> <span class=\"_ _10c\"> </span>(351) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _146\"> </span>(116) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(116)<span class=\"_ _2b7\"> </span></span>Total costs included within business performance <span class=\"_ _e2\"> </span>(28,198) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>(2,223) <span class=\"_ _8f\"> </span> <span class=\"_ _10f\"> </span>(30,421) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _75\"> </span>(15,430) <span class=\"_ _106\"> </span> <span class=\"_ _b9\"> </span>(1,819) <span class=\"_ _106\"> </span> <span class=\"_ _75\"> </span>(17,249)<span class=\"_ _2b7\"> </span></span>Adjustment for gross cost of settled energy contracts in the<span class=\"_ _2b7\"> </span>scope of IFRS 9 and onerous energy supply contract<span class=\"_ _2b7\"> </span>provision <span class=\"_ _61\"> </span>14,986 <span class=\"_ _141\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _ee\"> </span>14,986 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _17b\"> </span>2,749 <span class=\"_ _141\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _17b\"> </span>2,749<span class=\"_ _2b7\"> </span></span>Exceptional items and re-measurement and settlement of<span class=\"_ _2b7\"> </span>derivative energy contracts (note 7) <span class=\"_ _14d\"> </span>(8,484) <span class=\"_ _8f\"> </span> <span class=\"_ _10c\"> </span>(155) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>(8,639) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _146\"> </span>(434) <span class=\"_ _106\"> </span> <span class=\"_ _54\"> </span>1,247 <span class=\"_ _8a\"> </span> <span class=\"_ _8\"> </span>813<span class=\"_ _2b7\"> </span></span>Total costs within Group operating profit <span class=\"_ _e2\"> </span>(21,696) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>(2,378) <span class=\"_ _8f\"> </span> <span class=\"_ _10f\"> </span>(24,074) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _75\"> </span>(13,115) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(572) <span class=\"_ _106\"> </span> <span class=\"_ _75\"> </span>(13,687)<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _ab\"> </span>Commodity costs include a credit of \u00a3241 million <span class=\"_ _1\"></span>recoverable under the Last Resort Supplier Payment claim (2021: \u00a3182 million), a further credit of \u00a3nil is included in other<span class=\"_ _2b7\"> </span>direct operating costs (2021: \u00a33 million). These credits offset costs incurred as a result of the Group\u2019s appointment as Supplier of Last Resort t<span class=\"_ _b\"></span>o customers of energy<span class=\"_ _2b7\"> </span>suppliers who ceased trading during the year. See note 3.<span class=\"_ _2b7\"> </span>(b)<span class=\"_ _a9\"> </span>Employee costs<span class=\"_ _2b7\"> </span>The below employee costs exclude the costs of redundancy and similar termination benefits.<span class=\"_ _2b7\"> </span>Year ended 31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Wages and salaries<span class=\"_ _198\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>(1,159) <span class=\"_ _13e\"> </span></span> <span class=\"_ _146\"> </span>(965)<span class=\"_ _2b7\"> </span>Social security costs<span class=\"_ _199\"> </span><span class=\"ff66\"> <span class=\"_ _2c\"> </span>(100) <span class=\"_ _13e\"> </span></span> <span class=\"_ _a0\"> </span>(104)<span class=\"_ _2b7\"> </span>Pension and other post-employment benefits costs<span class=\"_ _19a\"> </span><span class=\"ff66\"> <span class=\"_ _2c\"> </span>(171) <span class=\"_ _13e\"> </span></span> <span class=\"_ _a0\"> </span>(166)<span class=\"_ _2b7\"> </span>Share scheme costs (note S4)<span class=\"_ _19b\"> </span><span class=\"ff66\"> <span class=\"_ _31\"> </span>(10) <span class=\"_ _13e\"> </span></span> <span class=\"_ _140\"> </span>(12) <span class=\"_ _14d\"> </span>(1,440) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _b9\"> </span>(1,247)<span class=\"_ _2b7\"> </span></span>Capitalised employee costs<span class=\"_ _19c\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>10 <span class=\"_ _11c\"> </span></span> <span class=\"_ _55\"> </span>19<span class=\"_ _2b7\"> </span>Employee costs included in exceptional items<span class=\"_ _19d\"> </span><span class=\"ff66\"> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _11c\"> </span></span> <span class=\"_ _55\"> </span>15<span class=\"_ _2b7\"> </span>Repayment of Coronavirus government support programmes<span class=\"_ _19e\"> </span><span class=\"ff66\"> <span class=\"_ _31\"> </span>(27) <span class=\"_ _13e\"> </span></span> <span class=\"_ _bc\"> </span>\u2014<span class=\"_ _2b7\"> </span>Employee costs recognised in business performance in the Group Income Statement<span class=\"_ _19f\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>(1,457) <span class=\"_ _13e\"> </span></span> <span class=\"_ _b9\"> </span>(1,213)<span class=\"_ _2b7\"> </span>5. <span class=\"_ _11c\"> </span>Costs<span class=\"_ _2b7\"> </span>(c)<span class=\"_ _a9\"> </span>Average number of employees during the year<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>Number<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>British Gas Services &amp; Solutions <span class=\"_ _7b\"> </span>12,470 <span class=\"_ _b7\"> </span>12,178<span class=\"_ _2b7\"> </span>British Gas Energy <span class=\"_ _81\"> </span>3,257 <span class=\"_ _4a\"> </span>3,006<span class=\"_ _2b7\"> </span>Bord G\u00e1is Energy <span class=\"_ _b4\"> </span>320 <span class=\"_ _78\"> </span>323<span class=\"_ _2b7\"> </span>Centrica Business Solutions <span class=\"_ _81\"> </span>1,444 <span class=\"_ _4a\"> </span>1,706<span class=\"_ _2b7\"> </span>Energy Marketing &amp; Trading <span class=\"_ _b4\"> </span>573 <span class=\"_ _78\"> </span>478<span class=\"_ _2b7\"> </span>Upstream <span class=\"_ _b4\"> </span>670 <span class=\"_ _78\"> </span>863<span class=\"_ _2b7\"> </span>Group Functions <span class=\"_ _81\"> </span>1,220 <span class=\"_ _4a\"> </span>1,150 <span class=\"_ _7b\"> </span>19,954 <span class=\"_ _b7\"> </span>19,704<span class=\"_ _2b7\"> </span>6. <span class=\"_ _11c\"> </span>Share of results of joint ventures and associates<span class=\"_ _2b7\"> </span>Share of results of joint ventures and associates represents the results of businesses where we exercise joint control or<span class=\"_ _2b7\"> </span>significant influence and generally have an equity holding of up to 50%.<span class=\"_ _2b7\"> </span>Share of results of joint ventures and associates<span class=\"_ _2b7\"> </span>The Group\u2019s share of results of joint ventures and associates principally arises from its interest in Nuclear \u2013 Lake Acquisitions Limited, an<span class=\"_ _2b7\"> </span>associate, reported in the Upstream segment.<span class=\"_ _2b7\"> </span>2022<span class=\"_ _1e\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>Year ended 31 December<span class=\"_ _2b7\"> </span>Share of<span class=\"_ _2b7\"> </span>business<span class=\"_ _2b7\"> </span>performance<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Share of<span class=\"_ _2b7\"> </span>exceptional<span class=\"_ _2b7\"> </span>items and<span class=\"_ _2b7\"> </span>certain re-<span class=\"_ _2b7\"> </span>measurements<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Share of<span class=\"_ _2b7\"> </span>results for the<span class=\"_ _2b7\"> </span>year<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Share of<span class=\"_ _2b7\"> </span>business<span class=\"_ _2b7\"> </span>performance<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Share of<span class=\"_ _2b7\"> </span>exceptional<span class=\"_ _2b7\"> </span>items and<span class=\"_ _2b7\"> </span>certain re-<span class=\"_ _2b7\"> </span>measurements<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Share of results for the<span class=\"_ _2b7\"> </span>year<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Income<span class=\"_ _1a0\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>592 <span class=\"_ _141\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _8\"> </span>592 <span class=\"_ _11c\"> </span></span> <span class=\"_ _8\"> </span>334 <span class=\"_ _8a\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _8\"> </span>334<span class=\"_ _2b7\"> </span>Expenses before exceptional items and certain re-<span class=\"_ _2b7\"> </span>measurements <span class=\"_ _2c\"> </span>(472) <span class=\"_ _106\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _10c\"> </span>(472) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _146\"> </span>(459) <span class=\"_ _106\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _146\"> </span>(459)<span class=\"_ _2b7\"> </span></span>Exceptional items and re-measurement of certain contracts<span class=\"_ _178\"> </span><span class=\"ff66\"> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4f\"> </span>1 <span class=\"_ _141\"> </span> <span class=\"_ _4f\"> </span>1 <span class=\"_ _11c\"> </span></span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _10d\"> </span>\u2014<span class=\"_ _2b7\"> </span>Operating profit/(loss)<span class=\"_ _e\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>120 <span class=\"_ _141\"> </span> <span class=\"_ _4f\"> </span>1 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>121 <span class=\"_ _11c\"> </span></span> <span class=\"_ _146\"> </span>(125) <span class=\"_ _106\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _146\"> </span>(125)<span class=\"_ _2b7\"> </span>Financing income<span class=\"_ _6c\"> </span><span class=\"ff66\"> <span class=\"_ _4f\"> </span>3 <span class=\"_ _141\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4f\"> </span>3 <span class=\"_ _11c\"> </span></span> <span class=\"_ _1a1\"> </span>1 <span class=\"_ _8a\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4f\"> </span>1<span class=\"_ _2b7\"> </span>Taxation on profit/(loss)<span class=\"_ _29\"> </span><span class=\"ff66\"> <span class=\"_ _187\"> </span>(31) <span class=\"_ _106\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _31\"> </span>(31) <span class=\"_ _13e\"> </span></span> <span class=\"_ _51\"> </span>21 <span class=\"_ _8a\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>21<span class=\"_ _2b7\"> </span>Share of post-taxation results of joint ventures and<span class=\"_ _2b7\"> </span>associates<span class=\"_ _1a2\"> </span> <span class=\"_ _55\"> </span>92 <span class=\"_ _141\"> </span> <span class=\"_ _4f\"> </span>1 <span class=\"_ _8a\"> </span> <span class=\"_ _55\"> </span>93 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _a0\"> </span>(103) <span class=\"_ _8f\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _146\"> </span>(103)<span class=\"_ _2b7\"> </span></span>Further information on the Group\u2019s investments in joint ventures and associates is provided in notes <span class=\"_ _1\"></span>14 and S10.<span class=\"_ _2b7\"> </span>7.<span class=\"_ _178\"> </span>Exceptional items and certain re-measurements<span class=\"_ _2b7\"> </span>(a) <span class=\"_ _c5\"> </span>Certain re-measurements<span class=\"_ _2b7\"> </span>Certain re-measurements are the fair value movements on energy contracts entered into to meet the future ne<span class=\"_ _1\"></span>eds of<span class=\"_ _2b7\"> </span>our customers or to sell the energy produced from our upstream assets. These contracts are economically related to<span class=\"_ _2b7\"> </span>our upstream assets, capacity/off-take contracts or downstream demand, which are typically not fair valued, a<span class=\"_ _1\"></span>nd are<span class=\"_ _2b7\"> </span>therefore separately identified in the current period and reflected in business performance in future periods when the<span class=\"_ _2b7\"> </span>underlying transaction or asset impacts the Group Income Statement.<span class=\"_ _2b7\"> </span>If the future costs to fulfil customer supply contracts, including the mark-to-market reversal of any energy hedging<span class=\"_ _2b7\"> </span>contracts entered into to meet this demand, exceed the charges recoverable from customers, an onerous contrac<span class=\"_ _1\"></span>t<span class=\"_ _2b7\"> </span>provision will be recognised. Because the associated hedging gains or losses will be recognised in certain<span class=\"_ _2b7\"> </span>re-measurements, the movements in the onerous provision will also be recognised in certain re-measurements.<span class=\"_ _2b7\"> </span>Year ended 31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Certain re-measurements recognised in relation to energy contracts:<span class=\"_ _2b7\"> </span>Net losses arising on delivery of contracts<span class=\"_ _1a3\"> </span><span class=\"ff66\"> <span class=\"_ _7e\"> </span>(1,403) <span class=\"_ _106\"> </span></span> <span class=\"_ _2c\"> </span>(259)<span class=\"_ _2b7\"> </span>Net (losses)/gains arising on market price movements and new contracts<span class=\"_ _1a4\"> </span><span class=\"ff66\"> <span class=\"_ _7e\"> </span>(3,757) <span class=\"_ _106\"> </span></span> <span class=\"_ _81\"> </span>1,548<span class=\"_ _2b7\"> </span>Net re-measurements included within gross profit before onerous supply contract provision<span class=\"_ _5e\"> </span><span class=\"fcf\"> <span class=\"_ _7e\"> </span>(5,160) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,289<span class=\"_ _2b7\"> </span></span></span>Onerous energy supply contract provision movement<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _81\"> </span>1,766 <span class=\"_ _8a\"> </span><span class=\"ff6b\"> <span class=\"_ _14d\"> </span>(2,530)<span class=\"_ _2b7\"> </span></span>Net re-measurements included within gross profit<span class=\"_ _18a\"> </span><span class=\"fcf\"> <span class=\"_ _7e\"> </span>(3,394) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _14d\"> </span>(1,241)<span class=\"_ _2b7\"> </span></span></span>Net gain arising on re-measurement of certain associates\u2019 contracts (net of taxation)<span class=\"_ _1a5\"> </span><span class=\"ff66\"> <span class=\"_ _4d\"> </span>1 <span class=\"_ _141\"> </span></span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span>Net re-measurements included within Group operating profit<span class=\"_ _2b\"> </span><span class=\"fcf\"> <span class=\"_ _7e\"> </span>(3,393) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _4e\"> </span>(1,241)<span class=\"_ _2b7\"> </span></span></span>Taxation on certain re-measurements (note 9)<span class=\"_ _2b7\"> </span>(ii) <span class=\"_ _81\"> </span>1,000 <span class=\"_ _8a\"> </span><span class=\"ff6b\"> <span class=\"_ _104\"> </span>486<span class=\"_ _2b7\"> </span></span>Certain re-measurements after taxation <span class=\"_ _1a6\"> </span><span class=\"fcf\"> <span class=\"_ _7e\"> </span>(2,393) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(755)<span class=\"_ _2b7\"> </span></span></span>(i)<span class=\"_ _ab\"> </span>The onerous supply contract provision represents the <span class=\"_ _1\"></span>future costs to fulfil customer contracts on a current market price basis. The associated hedging gains or losses<span class=\"_ _2b7\"> </span>are separately recognised within the losses/gains arising on market price movements and new contracts. The movement in the on<span class=\"_ _1\"></span>erous provision is detailed in note 3(b).<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>Taxation on onerous energy supply contracts amounted to a \u00a3(295) million debit (<span class=\"_ _1\"></span>2021: \u00a3481 million credit) and taxation on other certain re-measurements amounted to<span class=\"_ _2b7\"> </span>\u00a31,295 million credit (2021: \u00a35 million credit), including \u00a3473 million associated with re-basing deferred <span class=\"_ _b\"></span>tax on certain relevant derivatives for the Energy Profits Levy.<span class=\"_ _2b7\"> </span>Year ended 31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total re-measurement and settlement of derivative energy contracts excluding:<span class=\"_ _93\"> </span><span class=\"ff66\"> <span class=\"_ _7e\"> </span>(8,484) <span class=\"_ _8f\"> </span></span> <span class=\"_ _2c\"> </span>(434)<span class=\"_ _2b7\"> </span>IFRS 9 business performance revenue<span class=\"_ _1a7\"> </span><span class=\"ff66\"> <span class=\"_ _7e\"> </span>(9,896) <span class=\"_ _106\"> </span></span> <span class=\"_ _4e\"> </span>(3,556)<span class=\"_ _2b7\"> </span>IFRS 9 business performance cost of sales<span class=\"_ _1a8\"> </span><span class=\"ff66\"> <span class=\"_ _7b\"> </span>13,220 <span class=\"_ _141\"> </span></span> <span class=\"_ _47\"> </span>5,279<span class=\"_ _2b7\"> </span>Unrealised certain re-measurements recognised in relation to energy contracts included in gross profit<span class=\"_ _f1\"> </span><span class=\"fcf\"> <span class=\"_ _7e\"> </span>(5,160) <span class=\"_ _8f\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,289<span class=\"_ _2b7\"> </span></span></span>Onerous contract provision movement (cost of sales)<span class=\"_ _1a9\"> </span><span class=\"ff66\"> <span class=\"_ _81\"> </span>1,766 <span class=\"_ _8a\"> </span></span> <span class=\"_ _14d\"> </span>(2,530)<span class=\"_ _2b7\"> </span>Total certain re-measurements<span class=\"_ _1aa\"> </span><span class=\"fcf\"> <span class=\"_ _7e\"> </span>(3,394) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _4e\"> </span>(1,241)<span class=\"_ _2b7\"> </span></span></span>The table below reflects the certain re-measurement derivative movements by business segment:<span class=\"_ _2b7\"> </span>Year ended 31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>UK Energy Supply (British Gas Energy and Centrica Business Solutions)<span class=\"_ _1ab\"> </span><span class=\"ff66\"> <span class=\"_ _7e\"> </span>(6,364) <span class=\"_ _106\"> </span></span> <span class=\"_ _81\"> </span>3,917<span class=\"_ _2b7\"> </span>Upstream/Energy Marketing &amp; Trading/Bord G\u00e1is<span class=\"_ _1ac\"> </span><span class=\"ff66\"> <span class=\"_ _81\"> </span>1,204 <span class=\"_ _8a\"> </span></span> <span class=\"_ _14d\"> </span>(2,628)<span class=\"_ _2b7\"> </span>Unrealised certain re-measurements recognised in relation to energy contracts included in gross profit<span class=\"_ _f1\"> </span><span class=\"fcf\"> <span class=\"_ _7e\"> </span>(5,160) <span class=\"_ _8f\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,289<span class=\"_ _2b7\"> </span></span></span>7.<span class=\"_ _178\"> </span>Exceptional items and certain re-measurements<span class=\"_ _2b7\"> </span>(b)<span class=\"_ _a9\"> </span> Exceptional items<span class=\"_ _2b7\"> </span>Exceptional items are those items that, in the judgement of the Directors, need to be disclosed separately by virtue of<span class=\"_ _2b7\"> </span>their nature, size or incidence. Items which may be considered exceptional in nature include disposals of businesses or<span class=\"_ _2b7\"> </span>significant assets, business restructurings, pension change costs or credits, significant debt repurchase costs and<span class=\"_ _2b7\"> </span>asset write-downs/impairments and write-backs.<span class=\"_ _2b7\"> </span>Year ended 31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Exceptional items recognised in continuing operations<span class=\"_ _2b7\"> </span>Loss on disposal of E&amp;P Norway<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _30\"> </span>(362) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span></span>Impairment of E&amp;P Norway disposal group assets (including disposal related costs) and related a<span class=\"_ _1\"></span>sset write-downs<span class=\"_ _4e\"> </span><span class=\"ff66\"> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _8a\"> </span></span> <span class=\"_ _2c\"> </span>(244)<span class=\"_ _2b7\"> </span>Write-back of other exploration and production assets (including completed field disposals)<span class=\"_ _2b7\"> </span>(ii) <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _104\"> </span>838<span class=\"_ _2b7\"> </span></span>Write-back of power assets<span class=\"_ _2b7\"> </span>(iii) <span class=\"_ _b4\"> </span>207 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _104\"> </span>747<span class=\"_ _2b7\"> </span></span>Impairment of Centrica Business Solutions goodwill and other assets<span class=\"_ _1ab\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span></span> <span class=\"_ _2c\"> </span>(123)<span class=\"_ _2b7\"> </span>Fair value uplift on minority investment prior to transfer to asset held for sale <span class=\"_ _1ad\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span></span> <span class=\"_ _2a\"> </span>15<span class=\"_ _2b7\"> </span>Restructuring credit<span class=\"_ _1ae\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span></span> <span class=\"_ _2a\"> </span>14<span class=\"_ _2b7\"> </span>Exceptional items included within Group operating profit<span class=\"_ _2b7\"> </span>(iv) <span class=\"_ _30\"> </span>(155) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,247<span class=\"_ _2b7\"> </span></span>Net exceptional item taxation (note 9)<span class=\"_ _2b7\"> </span>(v) <span class=\"_ _30\"> </span>(207) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(250)<span class=\"_ _2b7\"> </span></span>Net exceptional items recognised in continuing operations after taxation<span class=\"_ _db\"> </span><span class=\"fcf\"> <span class=\"_ _7c\"> </span>(362) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _104\"> </span>997<span class=\"_ _2b7\"> </span></span></span>Net exceptional items recognised in discontinued operations after taxation<span class=\"_ _1af\"> </span><span class=\"fcf\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _104\"> </span>624<span class=\"_ _2b7\"> </span></span></span>Total exceptional items recognised after taxation<span class=\"_ _1b0\"> </span><span class=\"fcf\"> <span class=\"_ _30\"> </span>(362) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,621<span class=\"_ _2b7\"> </span></span></span>Exceptional items recognised in discontinued operations<span class=\"_ _2b7\"> </span>Profit on disposal of Direct Energy (including disposal related costs) <span class=\"_ _1a2\"> </span><span class=\"ff66\"> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _141\"> </span></span> <span class=\"_ _f4\"> </span>613<span class=\"_ _2b7\"> </span>Exceptional items before taxation<span class=\"_ _16d\"> </span><span class=\"fcf\"> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _f4\"> </span>613<span class=\"_ _2b7\"> </span></span></span>Net exceptional item taxation<span class=\"_ _1b1\"> </span><span class=\"ff66\"> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span></span> <span class=\"_ _51\"> </span>11<span class=\"_ _2b7\"> </span>Net exceptional items recognised in discontinued operations after taxation<span class=\"_ _1b2\"> </span><span class=\"fcf\"> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _8\"> </span>624<span class=\"_ _2b7\"> </span></span></span>(i)<span class=\"_ _ab\"> </span>The disposal of E&amp;P Norway completed on 31 May <span class=\"_ _1\"></span>2022. See note 12 for further details.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>Despite the increase in near-term liquid commodity prices (offset by the Energy Profi<span class=\"_ _1\"></span>t Levy implementation) no material impairment write-backs have been recorded for<span class=\"_ _2b7\"> </span>exploration and production assets because field carrying values have now reached depreciated historic cost. In 2021, impairment write-backs of \u00a3829 million (post-tax<span class=\"_ _b\"></span> \u00a3476 million) were booked, alongside a field disposal and decommissioning provision reduction of \u00a39 million (post-tax \u00a32 million).<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _141\"> </span>In the Upstream segment, a write-back of the nuclear investment of \u00a3195 million (post-tax \u00a3195 million) has been recorded predominantly as a result of the improvement<span class=\"_ _2b7\"> </span>in forecast commodity prices and changes to the associate\u2019s pension position (offset by the announcement of the Electricity Generator Levy, applicable from 1 January<span class=\"_ _2b7\"> </span>2023). In the Centrica Business Solutions segment, a write-back of \u00a312 million (post-tax \u00a39 million) has been recorded, predominantly related to a <span class=\"_ _b\"></span>gas engine, also<span class=\"_ _2b7\"> </span>following improvements in forecast commodity prices. See note 7(c).<span class=\"_ _2b7\"> </span>(iv)<span class=\"_ _8a\"> </span>Exceptional items for 2022 are non-cash, except for the disposal consideration received for E&amp;P Norway<span class=\"_ _1\"></span> (see note 12) which is reflected in the Sale of businesses line<span class=\"_ _2b7\"> </span>item in the Group Cash Flow Statement. The cash flows recorded as payments relating to exceptional charges of \u00a324 million in the Group Cash Flow<span class=\"_ _b\"></span> Statement relate to<span class=\"_ _2b7\"> </span>previous year exceptional restructuring costs.<span class=\"_ _2b7\"> </span>(v)<span class=\"_ _14\"> </span>Exceptional item taxation includes a credit of \u00a3121 million associated with net deferred tax asset recognition related to exploration and production tax <span class=\"_ _b\"></span>losses, investment<span class=\"_ _2b7\"> </span>allowance and decommissioning carrying back, due to the increase in forecast commodity prices. Also included is a debit of \u00a3325 million<span class=\"_ _1\"></span> from the recognition of higher<span class=\"_ _2b7\"> </span>deferred tax liability balances associated with exploration and production accelerated capital allowances, due to the implementation of the Energy Profits <span class=\"_ _b\"></span>Levy. These two<span class=\"_ _2b7\"> </span>items are unrelated to the other exceptional items.<span class=\"_ _2b7\"> </span>7.<span class=\"_ _178\"> </span>Exceptional items and certain re-measurements<span class=\"_ _2b7\"> </span>(c)<span class=\"_ _a9\"> </span>Impairment accounting policy, process and sensitivities<span class=\"_ _2b7\"> </span>The information provided below relates to the assets and CGUs (or groups<span class=\"_ _b\"></span> of CGUs) that have been subject to impairment write-backs<span class=\"_ _2b7\"> </span>during the year.<span class=\"_ _2b7\"> </span>Exceptional impairments/write-back assessments of assets measured on a Value-in-use (VIU) basis<span class=\"_ _2b7\"> </span>Segment<span class=\"_ _f7\"> </span>Asset/CGU <span class=\"_ _ec\"> </span>Basis for write-back assessment<span class=\"_ _2b7\"> </span>Recoverable<span class=\"_ _2b7\"> </span>amount<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Write-back<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Upstream<span class=\"_ _10d\"> </span>Nuclear<span class=\"_ _5c\"> </span>The year-on-year increase in short-term baseload power<span class=\"_ _1\"></span> prices, together<span class=\"_ _2b7\"> </span>with the actuarial changes to the associate's pension position has more<span class=\"_ _2b7\"> </span>than offset the announcement of the implementation of the Electricity<span class=\"_ _2b7\"> </span>Generator Levy from 1 January 2023  <span class=\"_ _81\"> </span>1,560 <span class=\"_ _8a\"> </span> <span class=\"_ _104\"> </span>195<span class=\"_ _2b7\"> </span>Nuclear<span class=\"_ _2b7\"> </span>A VIU calculation has been used to determine the recoverable amount of the Group\u2019s investment in Nuclear. The cash flows incorporated<span class=\"_ _2b7\"> </span>in the valuation are based on detailed business forecasts in the short term, extrapolated to future years to account for the expected<span class=\"_ _2b7\"> </span>generation profile of the fleet for its remaining life. Assumptions include forward commodity prices, capacity rates, fuel and network costs,<span class=\"_ _2b7\"> </span>and operating and capital expenditure requirements. Price assumptions are based on liquid market prices for 2023 to 2026 which are then<span class=\"_ _2b7\"> </span>blended over a one-year period to long-term price forecasts. Long-term price assumptions derived from third-party market comparator<span class=\"_ _2b7\"> </span>median curves are used due to alignment with pricing that a reasonable market participant would use.<span class=\"_ _2b7\"> </span>The recently announced Electricity Generator Levy, applying a 45% tax rate to revenues generated over \u00a375/MWh from 1 January 2023 to<span class=\"_ _2b7\"> </span>31 March 2028, based on the above price assumptions, has also been included in the assessment.<span class=\"_ _2b7\"> </span>The VIU calculation assumes that the Sizewell plant operates until 2055, reflecting a 20-year extension beyond its original design life. In the<span class=\"_ _2b7\"> </span>absence of this extension, the carrying value of the Group\u2019s investment in Nuclear would be reduced by \u00a3178 million. All other stations\u2019 life<span class=\"_ _2b7\"> </span>assumptions are aligned to lifetime closure dates announced by the operator (being between March 2024 and March 2028).<span class=\"_ _2b7\"> </span>The VIU calculation is also sensitive to changes in outage assumptions, and the base level generation volumes assumed for the fleet were<span class=\"_ _2b7\"> </span>increased during the period based on a review of outage levels in recent years. A reduction of 5% in the unplanned outage rate applied to<span class=\"_ _2b7\"> </span>volumes across the nuclear fleet would lead to a write-back movement of \u00a3141 million.<span class=\"_ _2b7\"> </span>The future pre-tax cash flows generated by the investment in the associate are discounted using a pre-tax nominal discount rate of 24.8%<span class=\"_ _2b7\"> </span>(2021: 14.7%). This equated to a post-tax rate of 8.0% (<span class=\"_ _1\"></span>2021: 5.75%). The post-tax discount rate is initially derived from the Group<span class=\"_ _2b7\"> </span>weighted average cost of capital as adjusted for the risks associated with the asset and with reference to comparator companies. The<span class=\"_ _2b7\"> </span>pre-tax rate is then back-calculated by removing tax cash flows and assessing the rate that would give <span class=\"_ _1\"></span>the same result as the post-tax<span class=\"_ _2b7\"> </span>rate. Due to the elevated near-term power prices which results in significantly elevated cash flows in the near-term, the pre-tax<span class=\"_ _b\"></span> discount<span class=\"_ _2b7\"> </span>rate has significantly increased. A 2% increase in the post-tax discount rate would lead to an impairment of \u00a3113 million (when compared<span class=\"_ _2b7\"> </span>with the closing year-end carrying value). Similarly, a 2% reduction in the post-tax discount rate would lead to an increased write-back of<span class=\"_ _2b7\"> </span>\u00a3150 million.<span class=\"_ _2b7\"> </span>The asset is particularly sensitive to changes in commodity price and the table below details average prices for the first 5- and 10-year<span class=\"_ _2b7\"> </span>periods and associated sensitivities. Note that the asset is valued for its entire economic life and not just this 15-year p<span class=\"_ _1\"></span>eriod.<span class=\"_ _2b7\"> </span>Change in pre/post-tax write-back/(impairment)<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _2b7\"> </span>Five-year liquid and blended-<span class=\"_ _2b7\"> </span>period price<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>10-year long-term<span class=\"_ _2b7\"> </span>average price<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>+10%<span class=\"_ _ef\"> </span>-10%<span class=\"_ _2b7\"> </span>2023-2027<span class=\"_ _13\"> </span>2022-2026<span class=\"_ _68\"> </span>2028-2037<span class=\"_ _13\"> </span>2027-2036<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3/MWh<span class=\"_ _109\"> </span><span class=\"ff6b fcf\">\u00a3/MWh<span class=\"_ _51\"> </span></span>\u00a3/MWh<span class=\"_ _109\"> </span><span class=\"ff6b fcf\">\u00a3/MWh<span class=\"_ _85\"> </span></span>\u00a3m<span class=\"_ _53\"> </span><span class=\"ff6b fcf\">\u00a3m<span class=\"_ _53\"> </span></span>\u00a3m<span class=\"_ _53\"> </span><span class=\"ff6b fcf\">\u00a3m<span class=\"_ _2b7\"> </span></span>Baseload power <span class=\"_ _78\"> </span>150 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _b8\"> </span>93 <span class=\"_ _12\"> </span></span> <span class=\"_ _b8\"> </span>63 <span class=\"_ _b8\"> </span>49 <span class=\"_ _78\"> </span>198 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _78\"> </span>319 <span class=\"_ _9e\"> </span></span> <span class=\"_ _7c\"> </span>(198) <span class=\"_ _4c\"> </span>(317)<span class=\"_ _2b7\"> </span>-50%<span class=\"_ _2b7\"> </span>Five-year<span class=\"_ _2b7\"> </span>liquid and<span class=\"_ _2b7\"> </span>blended-<span class=\"_ _2b7\"> </span>period only <span class=\"_ _4c\"> </span>(565)<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _ab\"> </span>Prices are shown in <span class=\"_ _b\"></span>2021 real terms.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>A 10% change was historically deemed to represent a reasonably possible variation across the entire period covered by the liquid market and comparator curves used in<span class=\"_ _2b7\"> </span>the nuclear impairment test. Given the increases in commodity prices during 2021 and<span class=\"_ _1\"></span> 2022, a further sensitivity has been included based on a 50% fall in liquid and<span class=\"_ _2b7\"> </span>blend-period commodity prices only.<span class=\"_ _2b7\"> </span>Furthermore, there is also uncertainty due to climate change and international governmental intervention to reduce CO<span class=\"_ _2b7\"> </span>2 emissions and the<span class=\"_ _2b7\"> </span>likely impact this will have on both power demand and forecast prices. As a result, a further sensitivity is disclosed below based on<span class=\"_ _2b7\"> </span>forecast prices aligned to the net zero price curve issued by Aurora (a power analytics provider), which assumes governmental policies are<span class=\"_ _2b7\"> </span>put in place to achieve the temperature and net zero goals by 2050. This sensitivity retains the prices for the liquid period (four years) but<span class=\"_ _2b7\"> </span>replaces the longer term thereafter with Aurora\u2019s forecast prices for net zero.<span class=\"_ _2b7\"> </span>7.<span class=\"_ _178\"> </span>Exceptional items and certain re-measurements<span class=\"_ _2b7\"> </span>10-year<span class=\"_ _2b7\"> </span>long-term<span class=\"_ _2b7\"> </span>average price<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>Change in pre/post-tax<span class=\"_ _2b7\"> </span>impairment<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _2b7\"> </span>2028-2037<span class=\"_ _2b7\"> </span>2022<span class=\"_ _117\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Baseload power (\u00a3/MWh)<span class=\"_ _1b3\"> </span><span class=\"ff66\">59</span> <span class=\"_ _22\"> </span>(93)<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _ab\"> </span>Prices shown in 2021 real <span class=\"_ _1\"></span>terms.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>Change would lead to an impairment of the carrying value.<span class=\"_ _2b7\"> </span>Exceptional impairments/write-back of assets measured on a <span class=\"_ _1\"></span>FVLCD basis<span class=\"_ _2b7\"> </span>Fair value less costs of disposal (FVLCD) is determined by discounting the post-tax cash flows expected to be generated by the ass<span class=\"_ _1\"></span>ets<span class=\"_ _2b7\"> </span>or CGU, net of associated selling costs, taking into account those assumptions that market participants would use in estimating fair value.<span class=\"_ _2b7\"> </span>Post-tax cash flows used in the FVLCD calculation are based on the Group\u2019s Board-approved business plans and strategic shape<span class=\"_ _2b7\"> </span>assumptions, together with, where relevant, long-term production and cash flow forecasts<span class=\"_ _1\"></span><span class=\"ff6d\">.<span class=\"_ _2b7\"> </span></span>No exceptional impairments or write-backs have been recorded in 2022 for assets measured on a FVLCD basis. Nonetheless, the<span class=\"_ _2b7\"> </span>Upstream gas assets still have a significant carrying value on the balance sheet and accordingly further sensitivities are provided in the<span class=\"_ _2b7\"> </span>paragraph below:<span class=\"_ _2b7\"> </span>Upstream gas assets<span class=\"_ _2b7\"> </span>For Upstream gas assets post-tax cash flows are derived from projected production profiles of each field, taking into account forward<span class=\"_ _2b7\"> </span>prices for gas and liquids over the relevant period. Where forward market prices are not available (i.e. outside the active period for each<span class=\"_ _2b7\"> </span>commodity), prices are determined based on the median of third-party market comparator curves. The date of cessation of production<span class=\"_ _2b7\"> </span>depends on the interaction of a number of variables, such as the recoverable quantities of hydrocarbons, production costs, the<span class=\"_ _2b7\"> </span>contractual duration of the licence area and the selling price of the gas and liquids produced. As each field has specific reservoir<span class=\"_ _2b7\"> </span>characteristics and economic circumstances, the post-tax cash flows for each field are computed using individual economic models.<span class=\"_ _2b7\"> </span>Price assumptions are critical and use liquid market prices for 2023 to 2026, blended over a one-year period to long-term price forecasts.<span class=\"_ _2b7\"> </span>Long-term price assumptions derived from third-party market comparator median curves are deemed best aligned with pricing that a<span class=\"_ _2b7\"> </span>reasonable market participant would use. Following the implementation of the Energy <span class=\"_ _1\"></span>Profits Levy, the increased tax rates have been<span class=\"_ _2b7\"> </span>included in the FVLCD calculations until the sunset date of 31 March 2028.<span class=\"_ _2b7\"> </span>The future post-tax cash flows are discounted using a post-tax nominal discount rate of 10.5% (<span class=\"_ _1\"></span>2021: 10.0%).<span class=\"_ _2b7\"> </span>As forward commodity prices are a key assumption in these valuations, average prices and associated impairment sensitivities for the<span class=\"_ _2b7\"> </span>Group\u2019s upstream gas assets are shown below. Note that the fields are valued over their respective economic lives and the 5- and<span class=\"_ _2b7\"> </span>10-year pricing information shown below is just to provide context. Note also that following the disposal of the Norwegian and Statfjord<span class=\"_ _2b7\"> </span>fields (see note 12), the asset portfolio reserves are predominantly gas (rather than liquids) and therefore only <span class=\"_ _1\"></span>NBP figures have been<span class=\"_ _2b7\"> </span>shown below.<span class=\"_ _2b7\"> </span>Change in post-tax write-back/(impairment)<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _2b7\"> </span>Five-year liquid and blended-<span class=\"_ _2b7\"> </span>period price<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>10-year long-term<span class=\"_ _2b7\"> </span>average price (i)<span class=\"_ _fe\"> </span>+10%<span class=\"_ _1b4\"> </span>-10%<span class=\"_ _2b7\"> </span>2023-2027<span class=\"_ _4a\"> </span>2022-2026<span class=\"_ _22\"> </span>2028-2037<span class=\"_ _4a\"> </span>2027-2036<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>NBP (p/th) <span class=\"_ _48\"> </span>142 <span class=\"_ _23\"> </span>83 <span class=\"_ _bc\"> </span>69 <span class=\"_ _23\"> </span>44 <span class=\"_ _b3\"> </span>\u2014 <span class=\"_ _b5\"> </span>8 <span class=\"_ _b3\"> </span>\u2014 <span class=\"_ _21\"> </span>(7)<span class=\"_ _2b7\"> </span>-50%<span class=\"_ _2b7\"> </span>Five-year liquid<span class=\"_ _2b7\"> </span>and blended-<span class=\"_ _2b7\"> </span>period only <span class=\"_ _a0\"> </span>(130)<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _ab\"> </span>Prices are shown in 2021 real terms.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>Sensitivity relates to Upstream exploration and production assets and CGUs. A 10% change was historically deemed to represent a reasonably possible variation across<span class=\"_ _2b7\"> </span>the entire period covered by both the liquid market and longer-term comparator curves used in upstream gas impairment tests. Given the increases in commodity <span class=\"_ _b\"></span>prices<span class=\"_ _2b7\"> </span>during 2021 and 2022, a further sensitivity has been included based on a 50% fall in liquid and blend-period commodity prices only. The changes shown relate to further<span class=\"_ _2b7\"> </span>write-backs or impairments and are restricted because the most material fields have already been written back to their depreciated historic cost and <span class=\"_ _b\"></span>have excess<span class=\"_ _2b7\"> </span>impairment headroom. The post-tax net present value (NPV) movements of the fields <span class=\"_ _1\"></span>in +/-10% scenario are \u00a3150 million/\u00a3(144) million and in the -50% liquid price<span class=\"_ _2b7\"> </span>period scenario are \u00a3(711) million.<span class=\"_ _2b7\"> </span>7.<span class=\"_ _178\"> </span>Exceptional items and certain re-measurements<span class=\"_ _2b7\"> </span>Furthermore, there is also uncertainty due to climate change and international governmental intervention to reduce CO<span class=\"_ _2b7\"> </span>2 emissions and the<span class=\"_ _2b7\"> </span>likely impact this will have on gas demand and forecast prices. As a result, a further sensitivity is disclosed below based on forecast prices<span class=\"_ _2b7\"> </span>aligned to the International Energy Agency\u2019s (IEA) Net Zero Emissions by 2050, which assumes governmental policies are put in place to<span class=\"_ _2b7\"> </span>achieve the temperature and net zero goals by 2050. This sensitivity retains the prices for the liquid period (four years) but replaces the<span class=\"_ _2b7\"> </span>longer term thereafter with the IEA\u2019s forecast prices for Net Zero Emissions by 2050.<span class=\"_ _2b7\"> </span>10-year<span class=\"_ _2b7\"> </span>long-term<span class=\"_ _2b7\"> </span>average price<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>Change in post-tax<span class=\"_ _2b7\"> </span>write-back/<span class=\"_ _2b7\"> </span>(impairment) (ii)<span class=\"_ _2b7\"> </span>Change in post-tax<span class=\"_ _2b7\"> </span>NPV (iii)<span class=\"_ _2b7\"> </span>2028-2037<span class=\"_ _2b7\"> </span>2022<span class=\"_ _e9\"> </span>\u00a3<span class=\"_ _b\"></span>m<span class=\"_ _e9\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>NBP (p/th)<span class=\"_ _158\"> </span><span class=\"ff66\"> <span class=\"_ _49\"> </span>38 <span class=\"_ _9e\"> </span> <span class=\"_ _10\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _53\"> </span>(72)<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _ab\"> </span>Prices shown in 2021 real <span class=\"_ _1\"></span>terms.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>Change in impairment restricted due to the most material fields having already been written back to their depreciated historic cost and having excess <span class=\"_ _b\"></span>impairment<span class=\"_ _2b7\"> </span>headroom.<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _141\"> </span>Despite no change to the carrying value of the assets, the net present value (NPV) of the fields would reduce under net zero scenarios.<span class=\"_ _2b7\"> </span>8.<span class=\"_ _178\"> </span>Net finance cost<span class=\"_ _2b7\"> </span>Financing costs mainly comprise interest on bonds and bank debt, the results of hedging activities used to manage<span class=\"_ _2b7\"> </span>foreign exchange and interest rate movements on the Group\u2019s borrowings and notional interest arising from the<span class=\"_ _2b7\"> </span>discounting of decommissioning provisions and pensions. An element of financing cost is capitalised on qualifying<span class=\"_ _2b7\"> </span>projects.<span class=\"_ _2b7\"> </span>Investment income predominantly includes interest received from short-term investments in money market funds, bank<span class=\"_ _2b7\"> </span>deposits and government bonds.<span class=\"_ _2b7\"> </span>Continuing operations<span class=\"_ _2b7\"> </span>2022<span class=\"_ _24\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>Financing<span class=\"_ _2b7\"> </span>costs<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Investment<span class=\"_ _2b7\"> </span>income<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Financing<span class=\"_ _2b7\"> </span>costs<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Investment<span class=\"_ _2b7\"> </span>income<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Tota<span class=\"_ _2b7\"> </span>Cost of servicing net debt:<span class=\"_ _2b7\"> </span>Interest income<span class=\"_ _17d\"> </span><span class=\"ff66\"> <span class=\"_ _e8\"> </span>\u2014 <span class=\"_ _11c\"> </span> <span class=\"_ _4f\"> </span>52 <span class=\"_ _167\"> </span> <span class=\"_ _1a1\"> </span>52 <span class=\"_ _167\"> </span></span> <span class=\"_ _e8\"> </span>\u2014 <span class=\"_ _a9\"> </span> <span class=\"_ _4b\"> </span>5 <span class=\"_ _a9\"> </span> <span class=\"_ _f7\"> </span>5<span class=\"_ _2b7\"> </span>Interest cost on bonds, bank loans and<span class=\"_ _2b7\"> </span>overdrafts<span class=\"_ _127\"> </span><span class=\"ff66\"> <span class=\"_ _50\"> </span>(184) <span class=\"_ _13e\"> </span> <span class=\"_ _16b\"> </span>\u2014 <span class=\"_ _167\"> </span> <span class=\"_ _50\"> </span>(184) <span class=\"_ _ab\"> </span></span> <span class=\"_ _46\"> </span>(189) <span class=\"_ _ab\"> </span> <span class=\"_ _16b\"> </span>\u2014 <span class=\"_ _a9\"> </span> <span class=\"_ _46\"> </span>(189)<span class=\"_ _2b7\"> </span>Interest cost on lease liabilities<span class=\"_ _e9\"> </span><span class=\"ff66\"> <span class=\"_ _53\"> </span>(6) <span class=\"_ _13e\"> </span> <span class=\"_ _16b\"> </span>\u2014 <span class=\"_ _a9\"> </span> <span class=\"_ _53\"> </span>(6) <span class=\"_ _c5\"> </span></span> <span class=\"_ _117\"> </span>(6) <span class=\"_ _ab\"> </span> <span class=\"_ _16b\"> </span>\u2014 <span class=\"_ _a9\"> </span> <span class=\"_ _117\"> </span>(6) <span class=\"_ _50\"> </span>(190) <span class=\"_ _13e\"> </span> <span class=\"_ _1a1\"> </span>52 <span class=\"_ _167\"> </span> <span class=\"_ _187\"> </span>(138) <span class=\"_ _ab\"> </span><span class=\"ff6b\"> <span class=\"_ _46\"> </span>(195) <span class=\"_ _ab\"> </span> <span class=\"_ _49\"> </span>5 <span class=\"_ _a9\"> </span> <span class=\"_ _46\"> </span>(190)<span class=\"_ _2b7\"> </span></span>Net gains on revaluation<span class=\"_ _1b6\"> </span><span class=\"ff66\"> <span class=\"_ _16b\"> </span>\u2014 <span class=\"_ _11c\"> </span> <span class=\"_ _1a1\"> </span>22 <span class=\"_ _167\"> </span> <span class=\"_ _1a1\"> </span>22 <span class=\"_ _167\"> </span></span> <span class=\"_ _e8\"> </span>\u2014 <span class=\"_ _a9\"> </span> <span class=\"_ _49\"> </span>4 <span class=\"_ _a9\"> </span> <span class=\"_ _4b\"> </span>4<span class=\"_ _2b7\"> </span>Notional interest arising from discounting <span class=\"_ _81\"> </span><span class=\"ff66\"> <span class=\"_ _85\"> </span>(3) <span class=\"_ _13e\"> </span> <span class=\"_ _49\"> </span>3 <span class=\"_ _167\"> </span> <span class=\"_ _16b\"> </span>\u2014 <span class=\"_ _167\"> </span></span> <span class=\"_ _117\"> </span>(7) <span class=\"_ _1b7\"> </span> <span class=\"_ _e8\"> </span>\u2014 <span class=\"_ _a9\"> </span> <span class=\"_ _53\"> </span>(7) <span class=\"_ _50\"> </span>(193) <span class=\"_ _13e\"> </span> <span class=\"_ _1a1\"> </span>77 <span class=\"_ _167\"> </span> <span class=\"_ _187\"> </span>(116) <span class=\"_ _ab\"> </span><span class=\"ff6b\"> <span class=\"_ _46\"> </span>(202) <span class=\"_ _1b7\"> </span> <span class=\"_ _4b\"> </span>9 <span class=\"_ _a9\"> </span> <span class=\"_ _140\"> </span>(193)<span class=\"_ _2b7\"> </span></span>Other interest charges<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _b3\"> </span>(31) <span class=\"_ _13e\"> </span> <span class=\"_ _16b\"> </span>\u2014 <span class=\"_ _167\"> </span> <span class=\"_ _f5\"> </span>(31) <span class=\"_ _1b7\"> </span><span class=\"ff6b\"> <span class=\"_ _117\"> </span>(2) <span class=\"_ _1b7\"> </span> <span class=\"_ _e8\"> </span>\u2014 <span class=\"_ _a9\"> </span> <span class=\"_ _117\"> </span>(2<span class=\"_ _2b7\"> </span></span>Capitalised borrowing costs<span class=\"_ _2b7\"> </span>(ii) <span class=\"_ _f7\"> </span>4 <span class=\"_ _11c\"> </span> <span class=\"_ _16b\"> </span>\u2014 <span class=\"_ _167\"> </span> <span class=\"_ _49\"> </span>4 <span class=\"_ _167\"> </span><span class=\"ff6b\"> <span class=\"_ _49\"> </span>8 <span class=\"_ _a9\"> </span> <span class=\"_ _e8\"> </span>\u2014 <span class=\"_ _a9\"> </span> <span class=\"_ _49\"> </span>8<span class=\"_ _2b7\"> </span></span>Financing (cost)/income<span class=\"_ _15b\"> </span><span class=\"fcf\"> <span class=\"_ _50\"> </span>(220) <span class=\"_ _13e\"> </span> <span class=\"_ _1a1\"> </span>77 <span class=\"_ _167\"> </span> <span class=\"_ _50\"> </span>(143) <span class=\"_ _1b7\"> </span><span class=\"ff6b\"> <span class=\"_ _46\"> </span>(196) <span class=\"_ _1b7\"> </span> <span class=\"_ _4b\"> </span>9 <span class=\"_ _a9\"> </span> <span class=\"_ _140\"> </span>(187)<span class=\"_ _2b7\"> </span></span></span>(i)<span class=\"_ _1b7\"> </span>Other interest charges includes interest charged on cash collateral, and fees for letters of credit<span class=\"_ _1\"></span>. The cash flow associated is \u00a330 million.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>Borrowing costs have been capitalised using an average rate of 5.57% (2021: 4.<span class=\"_ _1\"></span>49%). The capitalised borrowing costs in 2022 relate entirely to the Norwegian assets<span class=\"_ _2b7\"> </span>held for sale, and subsequently disposed of.<span class=\"_ _2b7\"> </span>9.<span class=\"_ _178\"> </span>Taxation<span class=\"_ _2b7\"> </span>The taxation note details the different tax charges and rates, including current and deferred tax arising in the Group.<span class=\"_ _2b7\"> </span>The current tax charge is the tax payable on this year\u2019s taxable profits together with amendments in respect of tax<span class=\"_ _2b7\"> </span>provisions made in earlier years. This tax charge excludes the Group\u2019s share of taxation on the results of joint ventures<span class=\"_ _2b7\"> </span>and associates. Deferred tax represents the tax on differences between the accounting carrying va<span class=\"_ _1\"></span>lues of assets and<span class=\"_ _2b7\"> </span>liabilities and their tax bases. These differences are temporary and are expected to unwind in the future.<span class=\"_ _2b7\"> </span>(a) <span class=\"_ _c5\"> </span>Analysis of tax charge<span class=\"_ _2b7\"> </span>2022<span class=\"_ _1b8\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>Year ended 31 December<span class=\"_ _2b7\"> </span>Business<span class=\"_ _2b7\"> </span>performance<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Exceptional<span class=\"_ _2b7\"> </span>items and<span class=\"_ _2b7\"> </span>certain re-<span class=\"_ _2b7\"> </span>measurements<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Results for<span class=\"_ _2b7\"> </span>the year<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Business<span class=\"_ _2b7\"> </span>performance<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Exceptional items and<span class=\"_ _2b7\"> </span>certain re-<span class=\"_ _2b7\"> </span>measurements<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Results for<span class=\"_ _2b7\"> </span>the year<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Continuing operations:<span class=\"_ _2b7\"> </span>Current tax<span class=\"_ _2b7\"> </span>UK corporation tax <span class=\"_ _54\"> </span>(385) <span class=\"_ _8f\"> </span> <span class=\"_ _b8\"> </span>(241) <span class=\"_ _106\"> </span> <span class=\"_ _54\"> </span>(626) <span class=\"_ _46\"> </span>(7) <span class=\"_ _106\"> </span> <span class=\"_ _bc\"> </span>(80) <span class=\"_ _106\"> </span> <span class=\"_ _a0\"> </span>(87)<span class=\"_ _2b7\"> </span>UK petroleum revenue tax <span class=\"_ _51\"> </span>2 <span class=\"_ _8a\"> </span> <span class=\"_ _85\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _51\"> </span>2 <span class=\"_ _f4\"> </span>24 <span class=\"_ _141\"> </span> <span class=\"_ _4f\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _f4\"> </span>24<span class=\"_ _2b7\"> </span>Non-UK tax <span class=\"_ _54\"> </span>(477) <span class=\"_ _8f\"> </span> <span class=\"_ _16b\"> </span>32 <span class=\"_ _9e\"> </span> <span class=\"_ _54\"> </span>(445) <span class=\"_ _77\"> </span>(386) <span class=\"_ _8f\"> </span> <span class=\"_ _bc\"> </span>(21) <span class=\"_ _106\"> </span> <span class=\"_ _77\"> </span>(407)<span class=\"_ _2b7\"> </span>Adjustments in respect of prior years \u2013 UK <span class=\"_ _146\"> </span>(47) <span class=\"_ _8f\"> </span> <span class=\"_ _16b\"> </span>24 <span class=\"_ _9e\"> </span> <span class=\"_ _146\"> </span>(23) <span class=\"_ _46\"> </span>(1) <span class=\"_ _106\"> </span> <span class=\"_ _4d\"> </span>18 <span class=\"_ _8a\"> </span> <span class=\"_ _5d\"> </span>17<span class=\"_ _2b7\"> </span>Adjustments in respect of prior years \u2013 non-UK <span class=\"_ _50\"> </span>(8) <span class=\"_ _106\"> </span> <span class=\"_ _b5\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _140\"> </span>(8) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _51\"> </span>6 <span class=\"_ _141\"> </span> <span class=\"_ _4f\"> </span>\u2014 <span class=\"_ _8e\"> </span> <span class=\"_ _10d\"> </span>6<span class=\"_ _2b7\"> </span></span>Total current tax <span class=\"_ _54\"> </span>(915) <span class=\"_ _8f\"> </span> <span class=\"_ _b8\"> </span>(185) <span class=\"_ _106\"> </span> <span class=\"_ _75\"> </span>(1,100) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _82\"> </span>(364) <span class=\"_ _106\"> </span> <span class=\"_ _bc\"> </span>(83) <span class=\"_ _106\"> </span> <span class=\"_ _77\"> </span>(447)<span class=\"_ _2b7\"> </span></span>Deferred tax<span class=\"_ _2b7\"> </span>Origination and reversal of temporary differences \u2013 UK <span class=\"_ _54\"> </span>(105) <span class=\"_ _8f\"> </span> <span class=\"_ _bc\"> </span>755 <span class=\"_ _141\"> </span> <span class=\"_ _4c\"> </span>650 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _a0\"> </span>(63) <span class=\"_ _106\"> </span> <span class=\"_ _b8\"> </span>520 <span class=\"_ _141\"> </span> <span class=\"_ _4c\"> </span>457<span class=\"_ _2b7\"> </span></span>UK petroleum revenue tax <span class=\"_ _51\"> </span>6 <span class=\"_ _8a\"> </span> <span class=\"_ _4d\"> </span>(19) <span class=\"_ _8f\"> </span> <span class=\"_ _146\"> </span>(13) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _b8\"> </span>(9) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(129) <span class=\"_ _106\"> </span> <span class=\"_ _77\"> </span>(138)<span class=\"_ _2b7\"> </span></span>Origination and reversal of temporary differences \u2013 non-UK <span class=\"_ _146\"> </span>(89) <span class=\"_ _8f\"> </span> <span class=\"_ _16b\"> </span>32 <span class=\"_ _9e\"> </span> <span class=\"_ _146\"> </span>(57) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _a0\"> </span>(63) <span class=\"_ _106\"> </span> <span class=\"_ _bc\"> </span>(45) <span class=\"_ _106\"> </span> <span class=\"_ _77\"> </span>(108)<span class=\"_ _2b7\"> </span></span>Change in UK tax rate <span class=\"_ _50\"> </span>(7) <span class=\"_ _106\"> </span> <span class=\"_ _10d\"> </span>242 <span class=\"_ _9e\"> </span> <span class=\"_ _13f\"> </span>235 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _10d\"> </span>6 <span class=\"_ _8a\"> </span> <span class=\"_ _e8\"> </span>(9) <span class=\"_ _106\"> </span> <span class=\"_ _46\"> </span>(3)<span class=\"_ _2b7\"> </span></span>Adjustments in respect of prior years \u2013 UK <span class=\"_ _8\"> </span>49 <span class=\"_ _9e\"> </span> <span class=\"_ _4d\"> </span>(27) <span class=\"_ _8f\"> </span> <span class=\"_ _8\"> </span>22 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _5d\"> </span>36 <span class=\"_ _8a\"> </span> <span class=\"_ _1b9\"> </span>(18) <span class=\"_ _8f\"> </span> <span class=\"_ _5d\"> </span>18<span class=\"_ _2b7\"> </span></span>Adjustments in respect of prior years \u2013 non-UK <span class=\"_ _8\"> </span>15 <span class=\"_ _9e\"> </span> <span class=\"_ _117\"> </span>(5) <span class=\"_ _106\"> </span> <span class=\"_ _8\"> </span>10 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _10d\"> </span>3 <span class=\"_ _8a\"> </span> <span class=\"_ _4f\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _51\"> </span>3<span class=\"_ _2b7\"> </span></span>Total deferred tax <span class=\"_ _54\"> </span>(131) <span class=\"_ _8f\"> </span> <span class=\"_ _bc\"> </span>978 <span class=\"_ _141\"> </span> <span class=\"_ _4c\"> </span>847 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _a0\"> </span>(90) <span class=\"_ _106\"> </span> <span class=\"_ _b8\"> </span>319 <span class=\"_ _141\"> </span> <span class=\"_ _4c\"> </span>229<span class=\"_ _2b7\"> </span></span>Total taxation on profit/(loss) from continuing operations<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _10f\"> </span>(1,046) <span class=\"_ _106\"> </span> <span class=\"_ _bc\"> </span>793 <span class=\"_ _141\"> </span> <span class=\"_ _54\"> </span>(253) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _77\"> </span>(454) <span class=\"_ _8f\"> </span> <span class=\"_ _9a\"> </span>236 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>(218)<span class=\"_ _2b7\"> </span></span>Discontinued operations:<span class=\"_ _2b7\"> </span>Current tax \u2013 non-UK <span class=\"_ _48\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _85\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _48\"> </span>\u2014 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4d\"> </span>11 <span class=\"_ _8a\"> </span> <span class=\"_ _5d\"> </span>11<span class=\"_ _2b7\"> </span></span>Total taxation on profit from discontinued operations <span class=\"_ _48\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _85\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _48\"> </span>\u2014 <span class=\"_ _22\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4d\"> </span>11 <span class=\"_ _8a\"> </span> <span class=\"_ _5d\"> </span>11<span class=\"_ _2b7\"> </span>Total taxation on profit/(loss) for the year <span class=\"_ _10f\"> </span>(1,046) <span class=\"_ _106\"> </span> <span class=\"_ _bc\"> </span>793 <span class=\"_ _141\"> </span> <span class=\"_ _54\"> </span>(253) <span class=\"_ _77\"> </span>(454) <span class=\"_ _8f\"> </span> <span class=\"_ _b8\"> </span>247 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>(207)<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _1b7\"> </span>Total taxation on profit/(loss) excludes taxation on the Group\u2019s share of profits of joint ventures and associates.<span class=\"_ _2b7\"> </span>UK tax rates<span class=\"_ _2b7\"> </span>Most activities in the UK are subject to the standard rate for UK corporation tax of 19% (<span class=\"_ _1\"></span>2021: 19%). Upstream gas production activities<span class=\"_ _2b7\"> </span>are taxed at a rate of 30% (2021: 30%), a supplementary charge of 10% (<span class=\"_ _1\"></span>2021: 10%), plus, with effect from 26 May 2022, the Energy<span class=\"_ _2b7\"> </span>Profits Levy of 25% to give an overall tax rate of 65% (2021<span class=\"_ _1\"></span>: 40%). Certain upstream gas production assets in the UK are subject to the<span class=\"_ _2b7\"> </span>UK petroleum revenue tax (PRT) regime at the current tax rate of 0%<span class=\"_ _1\"></span> (2021: 0%).<span class=\"_ _2b7\"> </span>The rate of Energy Profits Levy will increase to 35% from 25% with effect from 1 January 2023. The increase in rate was substantively<span class=\"_ _2b7\"> </span>enacted on 30 November 2022 and therefore the upstream gas deferred tax balances includ<span class=\"_ _1\"></span>ed in these financial statements at<span class=\"_ _2b7\"> </span>31 December 2022 have been re-measured at the higher rate.<span class=\"_ _2b7\"> </span>The UK corporation tax rate will increase to 25% with effect from 1 April <span class=\"_ _1\"></span>2023. At 31 December 2022, the relevant UK deferred tax assets<span class=\"_ _2b7\"> </span>and liabilities included in these consolidated Group Financial Statements were based on the increased rate having regard to their reversal<span class=\"_ _2b7\"> </span>profiles.<span class=\"_ _2b7\"> </span>Non-UK tax rates<span class=\"_ _2b7\"> </span>Norwegian upstream profits are taxed at the standard rate of 22% (<span class=\"_ _1\"></span>2021: 22%) plus a special tax of 56% (2021: 56%) resulting in an<span class=\"_ _2b7\"> </span>aggregate tax rate of 78% (2021: 78%).<span class=\"_ _2b7\"> </span>Taxation in other jurisdictions, where the Group has a substantial presence, is calculated at the rate prevailing in those respective<span class=\"_ _2b7\"> </span>jurisdictions. Jurisdictions and rates include the Republic of Ireland 12.5%, and Denmark 22%.<span class=\"_ _2b7\"> </span>Prior year adjustments reflect changes made to estimates or to judgements when further information becomes available.<span class=\"_ _2b7\"> </span>Movements in deferred tax liabilities and assets are disclosed in note <span class=\"_ _1\"></span>16. Tax on items taken directly to equity is disclosed in note S4.<span class=\"_ _2b7\"> </span>9.<span class=\"_ _178\"> </span>Taxation<span class=\"_ _2b7\"> </span>(b)<span class=\"_ _a9\"> </span>Factors affecting the tax charge<span class=\"_ _2b7\"> </span>The Group is expected to continue carrying out most of its business activities in the UK and accordingly considers the standard UK rate to<span class=\"_ _2b7\"> </span>be the appropriate reference rate.<span class=\"_ _2b7\"> </span>The differences between the total taxation shown above and the amount calculated by applying the standard rate of UK corporation tax to<span class=\"_ _2b7\"> </span>the profit/(loss) before taxation are as follows:<span class=\"_ _2b7\"> </span>2022<span class=\"_ _1ba\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>Business<span class=\"_ _2b7\"> </span>performance<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Exceptional<span class=\"_ _2b7\"> </span>items<span class=\"_ _2b7\"> </span>and certain<span class=\"_ _2b7\"> </span>re-measurements<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Results for<span class=\"_ _2b7\"> </span>the year<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Business<span class=\"_ _2b7\"> </span>performance<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Exceptional<span class=\"_ _2b7\"> </span>items<span class=\"_ _2b7\"> </span>and certain<span class=\"_ _2b7\"> </span>re-measurements<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Results for<span class=\"_ _2b7\"> </span>the year<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Y<span class=\"_ _1\"></span>ear ended 31 December<span class=\"_ _2b7\"> </span>Profit/(loss) before taxation from continuing operations<span class=\"_ _5d\"> </span><span class=\"ff66\"> <span class=\"_ _ee\"> </span>3,165 <span class=\"_ _141\"> </span> <span class=\"_ _78\"> </span>(3,548) <span class=\"_ _106\"> </span> <span class=\"_ _54\"> </span>(383) <span class=\"_ _13e\"> </span></span> <span class=\"_ _7c\"> </span>761 <span class=\"_ _8a\"> </span> <span class=\"_ _10\"> </span>6 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>767<span class=\"_ _2b7\"> </span>(Deduct)/add back share of (profits)/losses of joint ventures<span class=\"_ _2b7\"> </span>and associates, net of interest and taxation<span class=\"_ _5c\"> </span><span class=\"ff66\"> <span class=\"_ _146\"> </span>(92) <span class=\"_ _106\"> </span> <span class=\"_ _4b\"> </span>(1) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(93) <span class=\"_ _13e\"> </span></span> <span class=\"_ _7c\"> </span>103 <span class=\"_ _8a\"> </span> <span class=\"_ _85\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>103 <span class=\"_ _ee\"> </span>3,073 <span class=\"_ _141\"> </span> <span class=\"_ _b4\"> </span>(3,549) <span class=\"_ _106\"> </span> <span class=\"_ _17b\"> </span>(476) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _7c\"> </span>864 <span class=\"_ _8a\"> </span> <span class=\"_ _10\"> </span>6 <span class=\"_ _8a\"> </span> <span class=\"_ _7c\"> </span>870<span class=\"_ _2b7\"> </span></span>Tax on profit/(loss) at standard UK corporation tax rate of<span class=\"_ _2b7\"> </span>19% (2021: 19%)<span class=\"_ _1bb\"> </span><span class=\"ff66\"> <span class=\"_ _54\"> </span>(584) <span class=\"_ _8f\"> </span> <span class=\"_ _2e\"> </span>674 <span class=\"_ _141\"> </span> <span class=\"_ _f4\"> </span>90 <span class=\"_ _11c\"> </span></span> <span class=\"_ _77\"> </span>(164) <span class=\"_ _8f\"> </span> <span class=\"_ _2d\"> </span>(1) <span class=\"_ _106\"> </span> <span class=\"_ _77\"> </span>(165)<span class=\"_ _2b7\"> </span>Effects of:<span class=\"_ _2b7\"> </span>Depreciation/impairment on non-qualifying assets <span class=\"_ _51\"> </span>1 <span class=\"_ _8a\"> </span> <span class=\"_ _2d\"> </span>37 <span class=\"_ _141\"> </span> <span class=\"_ _f4\"> </span>38 <span class=\"_ _a0\"> </span>(20) <span class=\"_ _106\"> </span> <span class=\"_ _e8\"> </span>39 <span class=\"_ _8a\"> </span> <span class=\"_ _f4\"> </span>19<span class=\"_ _2b7\"> </span>Higher rates applicable to Upstream profits/losses <span class=\"_ _54\"> </span>(429) <span class=\"_ _8f\"> </span> <span class=\"_ _bc\"> </span>(112) <span class=\"_ _106\"> </span> <span class=\"_ _54\"> </span>(541) <span class=\"_ _77\"> </span>(347) <span class=\"_ _8f\"> </span> <span class=\"_ _e8\"> </span>98 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>(249)<span class=\"_ _2b7\"> </span>Energy profits levy charge for the year <span class=\"_ _146\"> </span>(31) <span class=\"_ _8f\"> </span> <span class=\"_ _bc\"> </span>(212) <span class=\"_ _106\"> </span> <span class=\"_ _54\"> </span>(243) <span class=\"_ _22\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _85\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _31\"> </span>\u2014<span class=\"_ _2b7\"> </span>Energy profits levy re-measurement of deferred tax<span class=\"_ _2b7\"> </span>balances<span class=\"_ _128\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _4d\"> </span>148 <span class=\"_ _141\"> </span> <span class=\"_ _4c\"> </span>148 <span class=\"_ _11c\"> </span></span> <span class=\"_ _22\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _53\"> </span>\u2014 <span class=\"_ _8e\"> </span> <span class=\"_ _31\"> </span>\u2014<span class=\"_ _2b7\"> </span>Non-UK tax rates (excluding Upstream) <span class=\"_ _146\"> </span>(28) <span class=\"_ _8f\"> </span> <span class=\"_ _e8\"> </span>(32) <span class=\"_ _8f\"> </span> <span class=\"_ _146\"> </span>(60) <span class=\"_ _a0\"> </span>(14) <span class=\"_ _106\"> </span> <span class=\"_ _10\"> </span>8 <span class=\"_ _8a\"> </span> <span class=\"_ _46\"> </span>(6)<span class=\"_ _2b7\"> </span>Upstream investment incentives <span class=\"_ _8\"> </span>32 <span class=\"_ _9e\"> </span> <span class=\"_ _72\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _8\"> </span>32 <span class=\"_ _f4\"> </span>30 <span class=\"_ _141\"> </span> <span class=\"_ _85\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _5d\"> </span>30<span class=\"_ _2b7\"> </span>Movements in uncertain tax provisions <span class=\"_ _146\"> </span>(13) <span class=\"_ _8f\"> </span> <span class=\"_ _f7\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _146\"> </span>(13) <span class=\"_ _51\"> </span>1 <span class=\"_ _8a\"> </span> <span class=\"_ _85\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _51\"> </span>1<span class=\"_ _2b7\"> </span>Disposal of Norway business <span class=\"_ _48\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _16b\"> </span>(69) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(69) <span class=\"_ _22\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _85\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _31\"> </span>\u2014<span class=\"_ _2b7\"> </span>Changes in UK tax rate <span class=\"_ _50\"> </span>(7) <span class=\"_ _106\"> </span> <span class=\"_ _4d\"> </span>242 <span class=\"_ _141\"> </span> <span class=\"_ _4c\"> </span>235 <span class=\"_ _51\"> </span>6 <span class=\"_ _8a\"> </span> <span class=\"_ _72\"> </span>(9) <span class=\"_ _8f\"> </span> <span class=\"_ _46\"> </span>(3)<span class=\"_ _2b7\"> </span>(Impairment)/write-back of deferred tax assets relating to<span class=\"_ _2b7\"> </span>Upstream losses and decommissioning (note 7)<span class=\"_ _f0\"> </span><span class=\"ff66\"> <span class=\"_ _140\"> </span>(1) <span class=\"_ _8f\"> </span> <span class=\"_ _2e\"> </span>121 <span class=\"_ _141\"> </span> <span class=\"_ _4c\"> </span>120 <span class=\"_ _11c\"> </span></span> <span class=\"_ _46\"> </span>(8) <span class=\"_ _106\"> </span> <span class=\"_ _bc\"> </span>178 <span class=\"_ _8a\"> </span> <span class=\"_ _7c\"> </span>170<span class=\"_ _2b7\"> </span>Petroleum revenue tax <span class=\"_ _51\"> </span>1 <span class=\"_ _8a\"> </span> <span class=\"_ _f7\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _51\"> </span>1 <span class=\"_ _f4\"> </span>11 <span class=\"_ _141\"> </span> <span class=\"_ _2e\"> </span>(77) <span class=\"_ _106\"> </span> <span class=\"_ _a0\"> </span>(66)<span class=\"_ _2b7\"> </span>Prior year adjustment <span class=\"_ _51\"> </span>9 <span class=\"_ _8a\"> </span> <span class=\"_ _10\"> </span>(8) <span class=\"_ _8f\"> </span> <span class=\"_ _51\"> </span>1 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _5d\"> </span>44 <span class=\"_ _8a\"> </span> <span class=\"_ _85\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _5d\"> </span>44<span class=\"_ _2b7\"> </span></span>Other <span class=\"_ _51\"> </span>4 <span class=\"_ _8a\"> </span> <span class=\"_ _1bc\"> </span>4 <span class=\"_ _141\"> </span> <span class=\"_ _51\"> </span>8 <span class=\"_ _51\"> </span>7 <span class=\"_ _8a\"> </span> <span class=\"_ _85\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _51\"> </span>7<span class=\"_ _2b7\"> </span>Taxation on profit/(loss) from continuing operations <span class=\"_ _10f\"> </span>(1,046) <span class=\"_ _106\"> </span> <span class=\"_ _4d\"> </span>793 <span class=\"_ _9e\"> </span> <span class=\"_ _54\"> </span>(253) <span class=\"_ _77\"> </span>(454) <span class=\"_ _8f\"> </span> <span class=\"_ _bc\"> </span>236 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>(218)<span class=\"_ _2b7\"> </span>Less: movement in deferred tax <span class=\"_ _13f\"> </span>131 <span class=\"_ _9e\"> </span> <span class=\"_ _10d\"> </span>(978) <span class=\"_ _106\"> </span> <span class=\"_ _54\"> </span>(847) <span class=\"_ _f4\"> </span>90 <span class=\"_ _141\"> </span> <span class=\"_ _9a\"> </span>(319) <span class=\"_ _106\"> </span> <span class=\"_ _77\"> </span>(229)<span class=\"_ _2b7\"> </span>Total current tax from continuing operations <span class=\"_ _54\"> </span>(915) <span class=\"_ _8f\"> </span> <span class=\"_ _bc\"> </span>(185) <span class=\"_ _106\"> </span> <span class=\"_ _75\"> </span>(1,100) <span class=\"_ _77\"> </span>(364) <span class=\"_ _8f\"> </span> <span class=\"_ _2e\"> </span>(83) <span class=\"_ _106\"> </span> <span class=\"_ _77\"> </span>(447)<span class=\"_ _2b7\"> </span>Current tax from discontinued operations <span class=\"_ _48\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _f7\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _48\"> </span>\u2014 <span class=\"_ _22\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _e8\"> </span>11 <span class=\"_ _8a\"> </span> <span class=\"_ _5d\"> </span>11<span class=\"_ _2b7\"> </span>Total current tax on profit/(loss) for the year <span class=\"_ _54\"> </span>(915) <span class=\"_ _8f\"> </span> <span class=\"_ _bc\"> </span>(185) <span class=\"_ _106\"> </span> <span class=\"_ _75\"> </span>(1,100) <span class=\"_ _77\"> </span>(364) <span class=\"_ _8f\"> </span> <span class=\"_ _2e\"> </span>(72) <span class=\"_ _106\"> </span> <span class=\"_ _77\"> </span>(436)<span class=\"_ _2b7\"> </span>The Group is subject to taxation in a number of jurisdictions. The complexity of applicable rules may result in legitimate differences of<span class=\"_ _2b7\"> </span>interpretation between the Group and taxing authorities (or between different taxing authorities) especially where an economic judgement<span class=\"_ _2b7\"> </span>or valuation is involved. Resolution of these differences typically takes many years. The uncertain tax provisions represent multiple layers of<span class=\"_ _2b7\"> </span>estimation for different time periods and different jurisdictions.<span class=\"_ _2b7\"> </span>The Group has applied IFRIC 23: \u2018Uncertainty over Income Tax Treatments\u2019. The interpretation requires consideration of the likelihood that<span class=\"_ _2b7\"> </span>the relevant taxing authority will accept an uncertain tax treatment in order to determine the measurement basis. The value is calculated in<span class=\"_ _2b7\"> </span>accordance with the rules of the relevant tax authority when acceptance is deemed probable.<span class=\"_ _2b7\"> </span>The Group\u2019s uncertain tax provision relates to differences in the interpretation of tax legislation in the UK and Canada. Due to the<span class=\"_ _2b7\"> </span>uncertainty associated with such tax items, there is a possibility that, on conclusion of open tax matters at a future date, the final outcome<span class=\"_ _2b7\"> </span>may differ. The uncertain tax provision represents management\u2019s assessment of the likely outcome of each issue.<span class=\"_ _2b7\"> </span>As at 31 December 2022 the provision for uncertain tax items was \u00a3<span class=\"_ _1\"></span>42 million (2021: \u00a3157 million). The reduction in the Group\u2019s uncertain<span class=\"_ _2b7\"> </span>tax provision in the period predominantly relates to the sale of Spirit Energy\u2019s Norwegian business and transfer of the legal liabilities in<span class=\"_ _2b7\"> </span>respect of the open tax disputes to the buyer, Sval Energi<span class=\"_ _1\"></span>. The Group has provided an indemnity to Sval Energi in respect of open tax<span class=\"_ _2b7\"> </span>disputes, currently valued at \u00a3129 million. See note 12.<span class=\"_ _2b7\"> </span>9. <span class=\"_ _11c\"> </span>Taxation<span class=\"_ _2b7\"> </span>(c)<span class=\"_ _a9\"> </span>Factors that may affect future tax charges<span class=\"_ _2b7\"> </span>The Group\u2019s effective tax rates are impacted by changes to the mix of activities and profitability across the territories in which it operates.<span class=\"_ _2b7\"> </span>Effective tax rates may also fluctuate where profits and losses cannot be offset for tax purposes. For example, losses arising in one<span class=\"_ _2b7\"> </span>territory cannot be offset against profits in another.<span class=\"_ _2b7\"> </span>The headline rate of tax on the ring fence profits from gas production in the UK was 40% (consisting of ring fence corporation tax of 30%<span class=\"_ _2b7\"> </span>and supplementary charge of 10%) versus 19% UK statutory corporation tax rate. On 26 May 2022, the UK Government introduced with<span class=\"_ _2b7\"> </span>immediate effect an Energy Profits Levy, which is an additional 25% tax on UK gas production profits on top of the existing 40% headline<span class=\"_ _2b7\"> </span>rate of tax. As such, the Energy Profits Levy increases the headline rate of tax from 40% to 65% on the UK gas production profits from<span class=\"_ _2b7\"> </span>26 May 2022.<span class=\"_ _2b7\"> </span>In the Autumn Statement published on 22 November 2022, the UK Government further increased the Energy Profits Levy from 25%<span class=\"_ _2b7\"> </span>to 35%, increasing the headline rate of tax from 65% to 75% on gas production profits with effect from 1 January 2023.<span class=\"_ _2b7\"> </span>The Energy Profits Levy is intended to be a temporary measure and applies to gas production profits during the period from 26 May 2022<span class=\"_ _2b7\"> </span>to 31 March 2028. The rate of 25% applies from 26 May until 31 Decemb<span class=\"_ _1\"></span>er 2022 and the rate of 35% applies from 1 January 2023 until<span class=\"_ _2b7\"> </span>31 March 2028.<span class=\"_ _2b7\"> </span>PRT is set at 0% but may still give rise to historic refunds from the carry-back of excess reliefs (for example, from decommissioning).<span class=\"_ _2b7\"> </span>The UK Government also announced in the Autumn Statement its intention to introduce an Electricity Generator Levy applicable to the<span class=\"_ _2b7\"> </span>revenues generated from renewable and nuclear sources. If enacted, the Electricity Generator Levy will apply at the tax rate of 45% to<span class=\"_ _2b7\"> </span>electricity generation revenues, which will be determined by reference to revenue from sales exceeding a benchmark price of <span class=\"_ _1\"></span>\u00a375/MWh.<span class=\"_ _2b7\"> </span>The Electricity Generator Levy once enacted will apply from 1 January 2023 to 31 March 2028.<span class=\"_ _2b7\"> </span>The Group\u2019s effective tax rate is dependent on the proportion of Group profits and losses arising from its UK upstream and nuclear<span class=\"_ _2b7\"> </span>activities relative to lower taxed UK and other jurisdictions profits and losses.<span class=\"_ _2b7\"> </span>The Group monitors income tax developments in all the jurisdictions in which the Group operates, including the OECD Base Erosion and<span class=\"_ _2b7\"> </span>Profit Shifting (BEPS) initiative, which may affect the Group\u2019s tax liabilities. On 8 October <span class=\"_ _1\"></span>2021, more than 135 countries of the OECD<span class=\"_ _2b7\"> </span>Inclusive Framework on BEPS committed to fundamental changes to the international corporate tax system. This includes a proposed<span class=\"_ _2b7\"> </span>global minimum corporation tax rate set at 15% for financial years beginning in 2023 and 2024. Steps to introduce a global minimum<span class=\"_ _2b7\"> </span>corporation tax have either been enacted or are under serious consideration in the jurisdictions in which the Group operates. The Group<span class=\"_ _2b7\"> </span>does not expect its tax liabilities to be materially increased as a result of the minimum corporate tax.<span class=\"_ _2b7\"> </span>(d)<span class=\"_ _a9\"> </span>Relationship between current tax charge and taxes paid<span class=\"_ _2b7\"> </span>2022<span class=\"_ _1bd\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>UK<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Non-UK<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>UK<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Non-UK<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>Current tax charge/(credit): (continuing and discontinuing activities)<span class=\"_ _2b7\"> </span>Corporation tax <span class=\"_ _13f\"> </span>649 <span class=\"_ _9e\"> </span> <span class=\"_ _13f\"> </span>453 <span class=\"_ _141\"> </span> <span class=\"_ _13\"> </span>1,102 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _5d\"> </span>70 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>390 <span class=\"_ _8a\"> </span> <span class=\"_ _7c\"> </span>460<span class=\"_ _2b7\"> </span></span>Petroleum revenue tax <span class=\"_ _50\"> </span>(2) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _140\"> </span>(2) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _a0\"> </span>(24) <span class=\"_ _106\"> </span> <span class=\"_ _22\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _78\"> </span>(24)<span class=\"_ _2b7\"> </span></span>Total tax on results for the year (per note 9(b)) <span class=\"_ _13f\"> </span>647 <span class=\"_ _9e\"> </span> <span class=\"_ _13f\"> </span>453 <span class=\"_ _141\"> </span> <span class=\"_ _13\"> </span>1,100 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _5d\"> </span>46 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>390 <span class=\"_ _8a\"> </span> <span class=\"_ _7c\"> </span>436<span class=\"_ _2b7\"> </span></span>Current tax included in other comprehensive income<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _146\"> </span>(29) <span class=\"_ _8f\"> </span> <span class=\"_ _22\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _146\"> </span>(29) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _a0\"> </span>(16) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _a0\"> </span>(16)<span class=\"_ _2b7\"> </span></span>Total tax charge <span class=\"_ _13f\"> </span>618 <span class=\"_ _9e\"> </span> <span class=\"_ _13f\"> </span>453 <span class=\"_ _141\"> </span> <span class=\"_ _13\"> </span>1,071 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _5d\"> </span>30 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>390 <span class=\"_ _8a\"> </span> <span class=\"_ _7c\"> </span>420<span class=\"_ _2b7\"> </span></span>Taxes paid/(refunded):<span class=\"_ _2b7\"> </span>Corporation tax <span class=\"_ _13f\"> </span>261 <span class=\"_ _9e\"> </span> <span class=\"_ _13f\"> </span>331 <span class=\"_ _141\"> </span> <span class=\"_ _4c\"> </span>592 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _7c\"> </span>113 <span class=\"_ _8a\"> </span> <span class=\"_ _5d\"> </span>85 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>198<span class=\"_ _2b7\"> </span></span>Petroleum revenue tax <span class=\"_ _146\"> </span>(18) <span class=\"_ _8f\"> </span> <span class=\"_ _22\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _146\"> </span>(18) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _a0\"> </span>(49) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _a0\"> </span>(49)</span> <span class=\"_ _13f\"> </span>243 <span class=\"_ _9e\"> </span> <span class=\"_ _13f\"> </span>331 <span class=\"_ _141\"> </span> <span class=\"_ _4c\"> </span>574 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _5d\"> </span>64 <span class=\"_ _8a\"> </span> <span class=\"_ _5d\"> </span>85 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>149<span class=\"_ _2b7\"> </span></span>Included in the following lines of the Group Cash Flow Statement:<span class=\"_ _2b7\"> </span>Taxes paid in net cash flows from continuing operating activities <span class=\"_ _13f\"> </span>574 <span class=\"_ _1be\"> </span><span class=\"ff6b\"> <span class=\"_ _4c\"> </span>140<span class=\"_ _2b7\"> </span></span>Net cash flow from discontinued investing activities <span class=\"_ _48\"> </span>\u2014 <span class=\"_ _1be\"> </span><span class=\"ff6b\"> <span class=\"_ _51\"> </span>9<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _1b7\"> </span>Current tax movements relating to pension deficit payments are reported in other comprehensive income. See note 1 for further details.<span class=\"_ _2b7\"> </span>Differences between current tax charged and taxes paid arose principally due to the following factors:<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span>Corporation tax payments are generally made by instalment, based on estimated taxable profits, or the prior period\u2019s profits.<span class=\"_ _2b7\"> </span>Fluctuations in profits from year to year, one-off items and mark-to-market movements within the year may therefore give rise to<span class=\"_ _2b7\"> </span>divergence between the charge for the year and the taxes paid. In certain jurisdictions advance tax payments are required (based on<span class=\"_ _2b7\"> </span>estimated tax liabilities) which can result in overpayments. These are included as tax assets, to be refunded in a subsequent period; and<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span>PRT refunds are based on results in the preceding six-monthly PRT period, therefore PRT cash movements will reflect refunds on a<span class=\"_ _2b7\"> </span>six-month delay.<span class=\"_ _2b7\"> </span>10.<span class=\"_ _13e\"> </span>Earnings per ordinary share<span class=\"_ _2b7\"> </span>Earnings per share (EPS) is the amount of profit or loss attributable to each share. Basic EPS is the amount of profit or<span class=\"_ _2b7\"> </span>loss for the year divided by the weighted average number of shares in issue during the year. Diluted EPS includes the<span class=\"_ _2b7\"> </span>impact of outstanding share options.<span class=\"_ _2b7\"> </span>Basic earnings per ordinary share has been calculated by dividing the <span class=\"_ _1\"></span>loss attributable to equity holders of the Company for the year of<span class=\"_ _2b7\"> </span>\u00a3782 million (2021: profit of \u00a31,210 million) by the weighted average number of ordinary shares in iss<span class=\"_ _b\"></span>ue during the year of <span class=\"_ _1\"></span>5,869 million<span class=\"_ _2b7\"> </span>(2021: 5,836 million). The number of shares excludes 32 million ordinary shares (<span class=\"_ _1\"></span>2021: 35 million), being the weighted average number of<span class=\"_ _2b7\"> </span>the Company\u2019s own shares held in the employee share trust and treasury shares repurchased during the year by the Group as part of the<span class=\"_ _2b7\"> </span>share repurchase programme. These 32 million shares do not include shares expected to be repurchased as part of the Group\u2019s share<span class=\"_ _2b7\"> </span>buyback scheme during 2023. See note S4.<span class=\"_ _2b7\"> </span>The Directors believe that the presentation of adjusted basic earnings per ordinary share, being the basic earnings per ordinary share<span class=\"_ _2b7\"> </span>adjusted for certain re-measurements and exceptional items, assists with understanding the underlying performance of the Group<span class=\"_ _1\"></span>, as<span class=\"_ _2b7\"> </span>explained in note 2.<span class=\"_ _2b7\"> </span>Information presented for diluted and adjusted diluted earnings per ordinary share uses the weighted average number of shares as<span class=\"_ _2b7\"> </span>adjusted for 68 million (2021: 69 million) potentially dilutive ordinary shares as the denominator, unless it has the effect of increasing the<span class=\"_ _2b7\"> </span>profit or decreasing the loss attributable to each share.<span class=\"_ _1\"></span><span class=\"ff6d\"> </span>Continuing and discontinued operations<span class=\"_ _2b7\"> </span>2022<span class=\"_ _118\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>Year ended 31 December <span class=\"_ _18d\"> </span><span class=\"ff66 fc12\">\u00a3m<span class=\"_ _2b7\"> </span></span>Pence per<span class=\"_ _2b7\"> </span>ordinary share<span class=\"_ _130\"> </span><span class=\"ff6b fcf\">\u00a3m<span class=\"_ _2b7\"> </span></span>Pence per ordinary share<span class=\"_ _2b7\"> </span>Earnings \u2013 basic<span class=\"_ _1bf\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>(782) <span class=\"_ _106\"> </span> <span class=\"_ _10c\"> </span>(13.3) <span class=\"_ _1b7\"> </span></span> <span class=\"_ _4c\"> </span>1,210 <span class=\"_ _23\"> </span>20.7<span class=\"_ _2b7\"> </span>Net exceptional items after taxation (notes 2 and 7)<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _187\"> </span>279 <span class=\"_ _9e\"> </span> <span class=\"_ _55\"> </span>4.8 <span class=\"_ _167\"> </span><span class=\"ff6b\"> <span class=\"_ _82\"> </span>(1,521) <span class=\"_ _106\"> </span> <span class=\"_ _a0\"> </span>(26.0)<span class=\"_ _2b7\"> </span></span>Certain re-measurement losses after taxation (notes 2 and 7)<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _13f\"> </span>2,553 <span class=\"_ _141\"> </span> <span class=\"_ _8\"> </span>43.4 <span class=\"_ _4b\"> </span><span class=\"ff6b\">548<span class=\"_ _2d\"> </span>9.4<span class=\"_ _2b7\"> </span></span>Earnings \u2013 adjusted basic<span class=\"_ _1c0\"> </span><span class=\"ff66\"> <span class=\"_ _13f\"> </span>2,050 <span class=\"_ _141\"> </span> <span class=\"_ _8\"> </span>34.9 <span class=\"_ _4b\"> </span></span>237<span class=\"_ _2d\"> </span>4.1<span class=\"_ _2b7\"> </span>Earnings \u2013 diluted (ii) <span class=\"_ _109\"> </span>(782) <span class=\"_ _106\"> </span> <span class=\"_ _10c\"> </span>(13.3) <span class=\"_ _1b7\"> </span><span class=\"ff6b\"> <span class=\"_ _4c\"> </span>1,210 <span class=\"_ _23\"> </span>20.5<span class=\"_ _2b7\"> </span></span>Earnings \u2013 adjusted diluted <span class=\"_ _13f\"> </span>2,050 <span class=\"_ _141\"> </span> <span class=\"_ _8\"> </span>34.5 <span class=\"_ _4b\"> </span><span class=\"ff6b\">237<span class=\"_ _147\"> </span> <span class=\"_ _51\"> </span>4.0<span class=\"_ _2b7\"> </span></span>Continuing operations<span class=\"_ _2b7\"> </span>2022<span class=\"_ _118\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>Year ended 31 December <span class=\"_ _18d\"> </span><span class=\"ff66 fc12\">\u00a3m<span class=\"_ _2b7\"> </span></span>Pence per<span class=\"_ _2b7\"> </span>ordinary share<span class=\"_ _130\"> </span><span class=\"ff6b fcf\">\u00a3m<span class=\"_ _2b7\"> </span></span>Pence per ordinary share<span class=\"_ _2b7\"> </span>Earnings \u2013 basic<span class=\"_ _1bf\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>(782) <span class=\"_ _106\"> </span> <span class=\"_ _10c\"> </span>(13.3) <span class=\"_ _117\"> </span></span>586<span class=\"_ _147\"> </span> <span class=\"_ _f4\"> </span>10.0<span class=\"_ _2b7\"> </span>Net exceptional items after taxation (notes 2 and 7)<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _187\"> </span>279 <span class=\"_ _9e\"> </span> <span class=\"_ _55\"> </span>4.8 <span class=\"_ _167\"> </span><span class=\"ff6b\"> <span class=\"_ _5d\"> </span>(897) <span class=\"_ _8f\"> </span> <span class=\"_ _a0\"> </span>(15.3)<span class=\"_ _2b7\"> </span></span>Certain re-measurement losses after taxation (notes 2 and 7)<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _13f\"> </span>2,553 <span class=\"_ _141\"> </span> <span class=\"_ _8\"> </span>43.4 <span class=\"_ _4b\"> </span><span class=\"ff6b\">548<span class=\"_ _2d\"> </span>9.4<span class=\"_ _2b7\"> </span></span>Earnings \u2013 adjusted basic<span class=\"_ _1c0\"> </span><span class=\"ff66\"> <span class=\"_ _13f\"> </span>2,050 <span class=\"_ _141\"> </span> <span class=\"_ _8\"> </span>34.9 <span class=\"_ _4b\"> </span></span>237<span class=\"_ _2d\"> </span>4.1<span class=\"_ _2b7\"> </span>Earnings \u2013 diluted (ii) <span class=\"_ _109\"> </span>(782) <span class=\"_ _106\"> </span> <span class=\"_ _10c\"> </span>(13.3) <span class=\"_ _117\"> </span><span class=\"ff6b\">586<span class=\"_ _2d\"> </span>9.9<span class=\"_ _2b7\"> </span></span>Earnings \u2013 adjusted diluted <span class=\"_ _13f\"> </span>2,050 <span class=\"_ _141\"> </span> <span class=\"_ _8\"> </span>34.5 <span class=\"_ _4b\"> </span><span class=\"ff6b\">237<span class=\"_ _147\"> </span> <span class=\"_ _51\"> </span>4.0<span class=\"_ _2b7\"> </span></span>Discontinued operations<span class=\"_ _2b7\"> </span>2022<span class=\"_ _118\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>Year ended 31 December <span class=\"_ _18d\"> </span><span class=\"ff66 fc12\">\u00a3m<span class=\"_ _2b7\"> </span></span>Pence per<span class=\"_ _2b7\"> </span>ordinary share<span class=\"_ _130\"> </span><span class=\"ff6b fcf\">\u00a3m<span class=\"_ _2b7\"> </span></span>Pence per ordinary share<span class=\"_ _2b7\"> </span>Earnings \u2013 basic<span class=\"_ _1bf\"> </span><span class=\"ff66\"> <span class=\"_ _4d\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4d\"> </span>\u2014<span class=\"_ _2b7\"> </span></span>624<span class=\"_ _2e\"> </span>10.7<span class=\"_ _2b7\"> </span>Net exceptional items after taxation (notes 2 and 7)<span class=\"_ _1c1\"> </span><span class=\"ff66\"> <span class=\"_ _4d\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4d\"> </span>\u2014</span> <span class=\"_ _f4\"> </span>(624) <span class=\"_ _106\"> </span> <span class=\"_ _a0\"> </span>(10.7)<span class=\"_ _2b7\"> </span>Earnings \u2013 adjusted basic<span class=\"_ _1c0\"> </span><span class=\"ff66\"> <span class=\"_ _4d\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4d\"> </span>\u2014</span> <span class=\"_ _4d\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4d\"> </span>\u2014<span class=\"_ _2b7\"> </span>Earnings \u2013 diluted <span class=\"_ _4d\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4d\"> </span>\u2014 <span class=\"_ _4b\"> </span><span class=\"ff6b\">624<span class=\"_ _2e\"> </span>10.6<span class=\"_ _2b7\"> </span></span>Earnings \u2013 adjusted diluted <span class=\"_ _4d\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4d\"> </span>\u2014 <span class=\"_ _4d\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4d\"> </span>\u2014<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _1b7\"> </span>Net exceptional items after taxation and certain re-measurement losses after taxation are adjusted to reflect the share attributable to non-controlling interests.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>Potential ordinary shares are not treated as dilutive when they would decrease a loss per share<span class=\"_ _1\"></span><span class=\"ff6d fc10\">.<span class=\"_ _2b7\"> </span></span>10.<span class=\"_ _13e\"> </span>Earnings per ordinary share<span class=\"_ _2b7\"> </span>The Group\u2019s May and November 2022 trading updates mentioned that the 2022 adjusted basic earnings per ordinary share would be<span class=\"_ _2b7\"> </span>towards the top end of the range of sell-side analyst expectations, which at the time were 6.7 pence to 10.8 pence in May and 15.1 pence<span class=\"_ _2b7\"> </span>to 26.0 pence in November. In the July interim results it was confirmed that the interim period adjusted basic earnings per ordinary share<span class=\"_ _2b7\"> </span>was 11.0 pence and in the Group\u2019s January 2023 trading update, it was noted that the 2022 full year adjusted basic earnings per ordinary<span class=\"_ _2b7\"> </span>share was expected to be above 30.0 pence. For the purposes of Listing Rules<span class=\"_ _b\"></span> LR 9.2.18(c), it is noted that the increase in reported<span class=\"_ _2b7\"> </span>adjusted basic earnings per ordinary share was predominantly due to the continued impact of elevated and volatile commodity prices<span class=\"_ _2b7\"> </span>throughout the year leading to greater than forecast profits in the Energy Marketing &amp; Trading and Upstream businesses.<span class=\"_ _2b7\"> </span>11.Dividends<span class=\"_ _2b7\"> </span>Dividends represent the return of profits to shareholders. Dividends are paid as an amount per ordinary share held. The<span class=\"_ _2b7\"> </span>Group retains part of the profits generated to meet future investment plans or to fund share repurchase programmes.<span class=\"_ _2b7\"> </span>2022<span class=\"_ _1c2\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>\u00a3m<span class=\"_ _2b7\"> </span>Pence per<span class=\"_ _2b7\"> </span>share<span class=\"_ _2b7\"> </span>Date of<span class=\"_ _2b7\"> </span>payment<span class=\"_ _c4\"> </span><span class=\"ff6b fcf\">\u00a3m<span class=\"_ _2b7\"> </span></span>Pence per share<span class=\"_ _2b7\"> </span>Date of<span class=\"_ _2b7\"> </span>payment<span class=\"_ _2b7\"> </span>Prior year final dividend<span class=\"_ _13a\"> </span><span class=\"ff66\"> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _167\"> </span></span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _bc\"> </span>\u2014<span class=\"_ _2b7\"> </span>Interim dividend<span class=\"_ _1c3\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>59 <span class=\"_ _141\"> </span> <span class=\"_ _10c\"> </span>1.00 <span class=\"_ _9e\"> </span>17 Nov 2022<span class=\"_ _ed\"> </span></span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _55\"> </span>59 <span class=\"_ _cb\"> </span><span class=\"ff6b\"> <span class=\"_ _bc\"> </span>\u2014<span class=\"_ _2b7\"> </span></span>The Directors propose a final dividend of 2.00 pence per ordinary share (totalling \u00a3118 million) for the year ended 31 December 2022.<span class=\"_ _2b7\"> </span>The Company has sufficient distributable reserves to pay dividends to its ultimate shareholders. Distributable reserves are calculated on an<span class=\"_ _2b7\"> </span>individual legal entity basis and the ultimate parent company, Centrica plc, currently has adequate levels of realised profits within its<span class=\"_ _2b7\"> </span>retained earnings to support dividend payments. Refer to the Centrica plc Comp<span class=\"_ _1\"></span>any Balance Sheet on page 226. At 31 December 2022,<span class=\"_ _2b7\"> </span>Centrica plc\u2019s company-only distributable reserves were c.<span class=\"_ _1\"></span>\u00a32.9 billion (2021: c.\u00a32.5 billion). On an annual basis, the distributable reserve<span class=\"_ _2b7\"> </span>levels of the Group\u2019s subsidiary undertakings are reviewed and dividends paid up to Centrica plc as appropriate to replenish its reserves<span class=\"_ _1\"></span>.<span class=\"_ _2b7\"> </span>12.  Acquisitions, disposals and disposal groups classified as held for sale<span class=\"_ _2b7\"> </span>This section details business combinations, asset acquisitions and disposals made by the Group.<span class=\"_ _2b7\"> </span>(a)<span class=\"_ _107\"> </span>Business combinations and asset acquisitions<span class=\"_ _2b7\"> </span>On 1 October 2022 the Group acquired the UK B2B cus<span class=\"_ _b\"></span>tomer book and associated assets of AvantiGas ON Limited <span class=\"_ _1\"></span>(\u2018Avanti\u2019) including<span class=\"_ _2b7\"> </span>the hedging book in respect of the customers acquired. On acquisition, an onerous contract provision of \u00a3284 million and a derivative<span class=\"_ _2b7\"> </span>asset of \u00a3254 million have been separately recognised representing the expected losses and associated hedges of acquired customers<span class=\"_ _2b7\"> </span>who are expected to remain on their existing fixed price tariffs before anticipated renewals onto a standard variable tariff. The derivative<span class=\"_ _2b7\"> </span>asset reflects the increase in prices since contracts to purchase commodity for the acquired customers were entered into. Based on<span class=\"_ _2b7\"> </span>a small unhedged element and movement in forward prices the acquisition resulted<span class=\"_ _b\"></span> in a net consideration received of \u00a316 million.<span class=\"_ _2b7\"> </span>The transaction has been accounted for as an asset acquisition on the basis that the assets and liabilities acquired did not constitute<span class=\"_ _2b7\"> </span>a business.<span class=\"_ _2b7\"> </span>Provisional fair value of the identifiable assets and liabilities<span class=\"_ _2b7\"> </span>AvantiGas<span class=\"_ _2b7\"> </span>ON Limited<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Balance Sheet items<span class=\"_ _2b7\"> </span>Intangible assets<span class=\"_ _1c4\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>11<span class=\"_ _2b7\"> </span></span>Derivative asset <span class=\"_ _1c5\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>254<span class=\"_ _2b7\"> </span></span>Trade and other receivables<span class=\"_ _1c6\"> </span><span class=\"ff66\"> <span class=\"_ _4f\"> </span>3<span class=\"_ _2b7\"> </span></span>Onerous contract provision <span class=\"_ _1c7\"> </span><span class=\"ff66\"> <span class=\"_ _2c\"> </span>(284)<span class=\"_ _2b7\"> </span></span>Net identifiable liabilities acquired<span class=\"_ _1c8\"> </span><span class=\"ff66\"> <span class=\"_ _31\"> </span>(16)<span class=\"_ _2b7\"> </span></span>Total cash consideration received<span class=\"_ _1c9\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>16<span class=\"_ _2b7\"> </span></span>Income Statement items<span class=\"_ _2b7\"> </span>Revenue recognised since the acquisition date in the Group Income Statement<span class=\"_ _2b\"> </span><span class=\"ff66\"> <span class=\"_ _4f\"> </span>9<span class=\"_ _2b7\"> </span></span>Profit since the acquisition date in the Group Income Statement<span class=\"_ _1ca\"> </span><span class=\"ff66\"> <span class=\"_ _4f\"> </span>1<span class=\"_ _2b7\"> </span></span>Pro forma information<span class=\"_ _2b7\"> </span>The pro forma consolidated results of the Group, assuming the acquisitions had been made at the beginning of the year, would show<span class=\"_ _2b7\"> </span>revenue of \u00a323,801 million (compared to reported revenue of \u00a323,741 million) and loss after taxation of \u00a3632<span class=\"_ _1\"></span> million (compared to<span class=\"_ _2b7\"> </span>reported loss after taxation of \u00a3636 million).<span class=\"_ _2b7\"> </span>During the year, the Group was appointed by Ofgem as the Supplier of Last Resort (SoLR) to one energy company who had ceased<span class=\"_ _2b7\"> </span>trading. This was in addition to the eight appointments that were made in 2021. These have not been accounted for as business<span class=\"_ _2b7\"> </span>combinations or asset acquisitions as the incremental costs associated with supplying the affected customers will be recoverable through<span class=\"_ _2b7\"> </span>the established Last Resort Supplier Payment (LRSP) claim mechanism under Ofgem supplier licence conditions. Cash outflows of<span class=\"_ _2b7\"> </span>\u00a34 million were incurred in respect of prior year SoLR appointments. A <span class=\"_ _1\"></span>customer relationship intangible asset of \u00a310 million was<span class=\"_ _2b7\"> </span>recognised in 2021 in respect of certain customer credit balances that the Group did not include in their LRSP claims.<span class=\"_ _2b7\"> </span>(b)<span class=\"_ _12\"> </span>Disposals<span class=\"_ _2b7\"> </span>On 8 December 2021 the Group announced that it had agreed to sell Spirit Energy\u2019s entire Norwegian portfolio excluding the Statfjord<span class=\"_ _2b7\"> </span>fields to Sval Energi for a headline consideration of $1,026 million (\u00a3758 million), and the Statfjord fields to Equinor for a headline<span class=\"_ _2b7\"> </span>consideration of $50 million (\u00a337 million).<span class=\"_ _2b7\"> </span>The sales had a commercial effective date of 1 January 2021, and the consideration receivable at legal completion of 31 May 2022 has<span class=\"_ _2b7\"> </span>been reduced by the net cash flows generated by the business being disposed and interest since 1 January 2021. Net consideration<span class=\"_ _2b7\"> </span>receivable (including costs to dispose) reduced to \u00a3195 million from Sval Energi, with a net consideration payable to Equinor of<span class=\"_ _2b7\"> </span>\u00a3(126) million. This includes a deferred commodity price linked receivable, and a tax indemnity provided by Spirit Energy Norway. The<span class=\"_ _2b7\"> </span>deferred commodity price linked receivable is currently valued at<span class=\"_ _1\"></span> \u00a333 million from Sval Energi and \u00a326 million from Equinor. The tax<span class=\"_ _2b7\"> </span>indemnity provided to Sval Energi is currently valued at \u00a3<span class=\"_ _b\"></span>(129) million. Distribution of the net consideration and net cash flows generated<span class=\"_ _2b7\"> </span>will be pro-rata to the ownership share, with 31% attributable to the non-controlling interests. In the year ended 31 December<span class=\"_ _1\"></span> 2022,<span class=\"_ _2b7\"> </span>\u00a3273 million (2021: \u00a3nil) was distributed to SWM Bayerische E&amp;P Beteiligungsgesellschaft mbH upon completion of the Spirit Energy<span class=\"_ _2b7\"> </span>Norway sale.<span class=\"_ _2b7\"> </span>In applying IFRS 5 \u2018Non-current Assets Held for Sale and Discontinued Operations\u2019, the Group has judged that there are two separate<span class=\"_ _2b7\"> </span>disposal groups, being the Statfjord fields and the remainder of the Norwegian portfolio. The assets and liabilities comprising the disposal<span class=\"_ _2b7\"> </span>groups were classified as held for sale as at 8 December 2021. This is on the basis that at that point, the disposal groups were available<span class=\"_ _2b7\"> </span>for immediate sale, subject only to terms that are customary for sales of such assets, and the sale was highly probable. However, the<span class=\"_ _2b7\"> </span>disposal groups do not represent a separate major line of business of geographical operations and hence the Group has concluded that<span class=\"_ _2b7\"> </span>they do not constitute discontinued operations.<span class=\"_ _2b7\"> </span>Details of the assets and liabilities of the disposal group at<span class=\"_ _1\"></span> 31 May 2022 are shown below.<span class=\"_ _2b7\"> </span>12.  Acquisitions, disposals and disposal groups classified as held for sale<span class=\"_ _2b7\"> </span>Statfjord<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Norway<span class=\"_ _2b7\"> </span>portfolio<span class=\"_ _2b7\"> </span>excluding<span class=\"_ _2b7\"> </span>Statfjord<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Non-current assets<span class=\"_ _2b7\"> </span>Property, plant and equipment<span class=\"_ _1cb\"> </span> <span class=\"_ _109\"> </span>315 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>975 <span class=\"_ _9e\"> </span> <span class=\"_ _47\"> </span>1,290<span class=\"_ _2b7\"> </span>Other intangible assets<span class=\"_ _171\"> </span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _55\"> </span>69 <span class=\"_ _8a\"> </span> <span class=\"_ _55\"> </span>69<span class=\"_ _2b7\"> </span>Goodwill<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _55\"> </span>19 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>191 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>210<span class=\"_ _2b7\"> </span>Deferred tax assets<span class=\"_ _2b7\"> </span>(ii) <span class=\"_ _55\"> </span>71 <span class=\"_ _141\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>71<span class=\"_ _2b7\"> </span>Other non-current financial assets<span class=\"_ _15f\"> </span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _4f\"> </span>8 <span class=\"_ _8a\"> </span> <span class=\"_ _4f\"> </span>8 <span class=\"_ _109\"> </span>405 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>1,243 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>1,648<span class=\"_ _2b7\"> </span>Current assets<span class=\"_ _2b7\"> </span>Trade and other receivables, and contract-related assets<span class=\"_ _1ab\"> </span> <span class=\"_ _4f\"> </span>5 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>149 <span class=\"_ _9e\"> </span> <span class=\"_ _109\"> </span>154<span class=\"_ _2b7\"> </span>Inventories<span class=\"_ _176\"> </span> <span class=\"_ _55\"> </span>17 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>14 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>31<span class=\"_ _2b7\"> </span>Cash and cash equivalents<span class=\"_ _1cc\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>30 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>30 <span class=\"_ _55\"> </span>22 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>193 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>215<span class=\"_ _2b7\"> </span>Assets of disposal groups classified as held for sale<span class=\"_ _1cd\"> </span><span class=\"fcf\"> <span class=\"_ _109\"> </span>427 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>1,436 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>1,863<span class=\"_ _2b7\"> </span></span>Current liabilities<span class=\"_ _2b7\"> </span>Trade and other payables, and contract-related liabilities<span class=\"_ _1a2\"> </span> <span class=\"_ _50\"> </span>(61) <span class=\"_ _6\"> </span> <span class=\"_ _10c\"> </span>(129) <span class=\"_ _6\"> </span> <span class=\"_ _146\"> </span>(190)<span class=\"_ _2b7\"> </span>Current tax liabilities<span class=\"_ _124\"> </span> <span class=\"_ _50\"> </span>(60) <span class=\"_ _6\"> </span> <span class=\"_ _146\"> </span>(393) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(453)<span class=\"_ _2b7\"> </span>Provisions for other liabilities and charges<span class=\"_ _186\"> </span> <span class=\"_ _b3\"> </span>(3) <span class=\"_ _6\"> </span> <span class=\"_ _b3\"> </span>(1) <span class=\"_ _6\"> </span> <span class=\"_ _f5\"> </span>(4)<span class=\"_ _2b7\"> </span>Lease liabilities<span class=\"_ _19c\"> </span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _f5\"> </span>(3) <span class=\"_ _106\"> </span> <span class=\"_ _f5\"> </span>(3) <span class=\"_ _10c\"> </span>(124) <span class=\"_ _6\"> </span> <span class=\"_ _146\"> </span>(526) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(650)<span class=\"_ _2b7\"> </span>Non-current liabilities<span class=\"_ _2b7\"> </span>Deferred tax liabilities<span class=\"_ _2b7\"> </span>(ii) <span class=\"_ _109\"> </span>140 <span class=\"_ _141\"> </span> <span class=\"_ _146\"> </span>(425) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(285)<span class=\"_ _2b7\"> </span>Provisions for other liabilities and charges<span class=\"_ _186\"> </span> <span class=\"_ _10c\"> </span>(527) <span class=\"_ _6\"> </span> <span class=\"_ _146\"> </span>(239) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(766)<span class=\"_ _2b7\"> </span>Lease liabilities<span class=\"_ _19c\"> </span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _f5\"> </span>(3) <span class=\"_ _106\"> </span> <span class=\"_ _f5\"> </span>(3) <span class=\"_ _10c\"> </span>(387) <span class=\"_ _6\"> </span> <span class=\"_ _146\"> </span>(667) <span class=\"_ _106\"> </span> <span class=\"_ _b9\"> </span>(1,054)<span class=\"_ _2b7\"> </span>Liabilities of disposal groups classified as held for sale<span class=\"_ _16c\"> </span><span class=\"fcf\"> <span class=\"_ _10c\"> </span>(511) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>(1,193) <span class=\"_ _8f\"> </span> <span class=\"_ _14d\"> </span>(1,704)<span class=\"_ _2b7\"> </span></span>Net (liabilities)/assets of disposal groups classified as held for sale<span class=\"_ _1ce\"> </span><span class=\"fcf\"> <span class=\"_ _31\"> </span>(84) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>243 <span class=\"_ _9e\"> </span> <span class=\"_ _109\"> </span>159<span class=\"_ _2b7\"> </span></span>Consideration (payable)/receivable (net of transaction costs of \u00a316 million)<span class=\"_ _d\"> </span><span class=\"fcf\"> <span class=\"_ _2c\"> </span>(126) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>195 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>69<span class=\"_ _2b7\"> </span></span>Loss on disposal before recycling of foreign currency translation reserve<span class=\"_ _59\"> </span><span class=\"fcf\"> <span class=\"_ _187\"> </span>(42) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(48) <span class=\"_ _106\"> </span> <span class=\"_ _187\"> </span>(90)<span class=\"_ _2b7\"> </span></span>Recycling of foreign currency translation reserve on disposal<span class=\"_ _1cf\"> </span><span class=\"fcf\"> <span class=\"_ _2c\"> </span>(272)<span class=\"_ _2b7\"> </span></span>Loss on disposal before and after taxation<span class=\"_ _1d0\"> </span><span class=\"fcf\"> <span class=\"_ _2c\"> </span>(362)<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _1b7\"> </span>The proposed divestment of the entire Norwegian portfolio, and attributing exploration and production goodwill of \u00a3408 million, resulted in an impairment of \u00a3198 million<span class=\"_ _2b7\"> </span>in 2021, before transfer of the remaining balance of \u00a3210 million to assets of disposal groups classified as held for sale.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>Deferred tax assets of \u00a371 million represents tax attributable to Statfjord UK, part of a UK tax group. Deferred tax <span class=\"_ _b\"></span>liabilities are categorised between Statfjord Norway and<span class=\"_ _2b7\"> </span>the portfolio excluding Statfjord purely for presentation purposes.<span class=\"_ _2b7\"> </span>The results of the disposal groups during 2022 reported in business performance are as follows:<span class=\"_ _2b7\"> </span>Statfjord<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Norway<span class=\"_ _2b7\"> </span>portfolio<span class=\"_ _2b7\"> </span>excluding<span class=\"_ _2b7\"> </span>Statfjord<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Operating profit<span class=\"_ _1d1\"> </span> <span class=\"_ _109\"> </span>142 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>416 <span class=\"_ _9e\"> </span> <span class=\"_ _109\"> </span>558<span class=\"_ _2b7\"> </span>Taxation on profit<span class=\"_ _1b1\"> </span> <span class=\"_ _187\"> </span>(87) <span class=\"_ _6\"> </span> <span class=\"_ _146\"> </span>(351) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(438)<span class=\"_ _2b7\"> </span>Profit after taxation<span class=\"_ _1d2\"> </span><span class=\"ff66 fcf\"> <span class=\"_ _55\"> </span>55 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>65 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>120<span class=\"_ _2b7\"> </span></span>Commodity derivatives previously entered into outside of the disposal group to hedge the future production of the disposal group assets<span class=\"_ _2b7\"> </span>have been volumetrically closed prior to the completion date. These derivatives have previously been recognised as a loss of \u00a3121 million<span class=\"_ _2b7\"> </span>within certain re-measurements. In accordance with the Group\u2019s policy, these losses will not be subsequently reflected in the business<span class=\"_ _2b7\"> </span>performance column of the income statement because the underlying performance to which they relate (i.e. the asset production disposal<span class=\"_ _2b7\"> </span>group) will no longer occur. Cash flows associated with these derivatives will occur through to September 2023.<span class=\"_ _2b7\"> </span>In the period to legal completion of 31 May 2022, \u00a373 million pre-tax (\u00a348 million post-tax) realised losses were recognised in business<span class=\"_ _2b7\"> </span>performance.<span class=\"_ _2b7\"> </span>12.  Acquisitions, disposals and disposal groups classified as held for sale<span class=\"_ _2b7\"> </span>Breakdown of consideration:<span class=\"_ _2b7\"> </span>Statfjord<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Norway<span class=\"_ _2b7\"> </span>portfolio<span class=\"_ _2b7\"> </span>excluding<span class=\"_ _2b7\"> </span>Statfjord<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>December 2021 payment<span class=\"_ _1d3\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>39 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>39<span class=\"_ _2b7\"> </span>May 2022 completion payment<span class=\"_ _1d4\"> </span> <span class=\"_ _10c\"> </span>(156) <span class=\"_ _6\"> </span> <span class=\"_ _109\"> </span>278 <span class=\"_ _9e\"> </span> <span class=\"_ _109\"> </span>122<span class=\"_ _2b7\"> </span>2022 contingent consideration (including tax indemnity)<span class=\"_ _1cd\"> </span> <span class=\"_ _2a\"> </span>30 <span class=\"_ _9e\"> </span> <span class=\"_ _10c\"> </span>(106) <span class=\"_ _6\"> </span> <span class=\"_ _50\"> </span>(76<span class=\"_ _2b7\"> </span>Total consideration<span class=\"_ _1d2\"> </span> <span class=\"_ _10c\"> </span>(126) <span class=\"_ _106\"> </span> <span class=\"_ _8\"> </span>211 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>85<span class=\"_ _2b7\"> </span>Less cost to dispose<span class=\"_ _1d5\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _187\"> </span>(16) <span class=\"_ _6\"> </span> <span class=\"_ _50\"> </span>(16 <span class=\"_ _2c\"> </span>(126) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>195 <span class=\"_ _9e\"> </span> <span class=\"_ _55\"> </span>69<span class=\"_ _2b7\"> </span>A reconciliation of the completion amounts received in 2022 to the cash flow statement is presented below:<span class=\"_ _2b7\"> </span>Statfjord<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Norway<span class=\"_ _2b7\"> </span>portfolio<span class=\"_ _2b7\"> </span>excluding<span class=\"_ _2b7\"> </span>Statfjord<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>May 2022 completion payment<span class=\"_ _1d4\"> </span> <span class=\"_ _10c\"> </span>(156) <span class=\"_ _6\"> </span> <span class=\"_ _109\"> </span>278 <span class=\"_ _9e\"> </span> <span class=\"_ _109\"> </span>122<span class=\"_ _2b7\"> </span>2022 contingent consideration paid<span class=\"_ _1d6\"> </span> <span class=\"_ _4f\"> </span>4 <span class=\"_ _8a\"> </span> <span class=\"_ _50\"> </span>(10) <span class=\"_ _6\"> </span> <span class=\"_ _b3\"> </span>(6)<span class=\"_ _2b7\"> </span>Cash and cash equivalents included with disposal group<span class=\"_ _1d7\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _187\"> </span>(30) <span class=\"_ _6\"> </span> <span class=\"_ _50\"> </span>(30<span class=\"_ _2b7\"> </span>Disposal fees incurred<span class=\"_ _1d8\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _187\"> </span>(16) <span class=\"_ _6\"> </span> <span class=\"_ _50\"> </span>(16<span class=\"_ _2b7\"> </span>Cash flow statement<span class=\"_ _1d9\"> </span><span class=\"fcf\"> <span class=\"_ _2c\"> </span>(152) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>222 <span class=\"_ _9e\"> </span> <span class=\"_ _55\"> </span>70<span class=\"_ _2b7\"> </span></span>Additionally, within the Other segment the disposal of a minority <span class=\"_ _1\"></span>investment made by the former Centrica Innovations business unit in<span class=\"_ _2b7\"> </span>Driivz (an electric vehicle charging software provider) has completed, with cash flow of \u00a320 million received in the second half of t<span class=\"_ _1\"></span>he year.<span class=\"_ _2b7\"> </span>All other disposals undertaken by the Group were immaterial, both individually and in aggregate. These amounted to a gain on disposal of<span class=\"_ _2b7\"> </span>\u00a319 million, and cash inflow of \u00a32 million.<span class=\"_ _2b7\"> </span>13.  Property, plant and equipment<span class=\"_ _2b7\"> </span>PP&amp;E includes significant investment in power stations, storage assets and gas and liquid production assets. Once<span class=\"_ _2b7\"> </span>operational, all assets are depreciated over their useful lives.<span class=\"_ _2b7\"> </span>(a) <span class=\"_ _ab\"> </span>Carrying amounts<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>Land and<span class=\"_ _2b7\"> </span>buildings<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Plant,<span class=\"_ _2b7\"> </span>equipment<span class=\"_ _2b7\"> </span>and<span class=\"_ _2b7\"> </span>vehicles<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Power<span class=\"_ _2b7\"> </span>generation<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Gas<span class=\"_ _2b7\"> </span>production<span class=\"_ _2b7\"> </span>and<span class=\"_ _2b7\"> </span>storage<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Land and<span class=\"_ _2b7\"> </span>buildings<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Plant,<span class=\"_ _2b7\"> </span>equipment<span class=\"_ _2b7\"> </span>and<span class=\"_ _2b7\"> </span>vehicles<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Power<span class=\"_ _2b7\"> </span>generation<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Gas<span class=\"_ _2b7\"> </span>production<span class=\"_ _2b7\"> </span>and<span class=\"_ _2b7\"> </span>storage<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Cost<span class=\"_ _2b7\"> </span>1 January <span class=\"_ _11f\"> </span> <span class=\"_ _89\"> </span>259 <span class=\"_ _9e\"> </span> <span class=\"_ _89\"> </span>575 <span class=\"_ _1da\"> </span> <span class=\"_ _89\"> </span>205 <span class=\"_ _9e\"> </span> <span class=\"_ _1db\"> </span>11,339 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _1db\"> </span>12,378 <span class=\"_ _167\"> </span></span> <span class=\"_ _ee\"> </span>303 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>576 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>843 <span class=\"_ _8a\"> </span> <span class=\"_ _11c\"> </span>15,296 <span class=\"_ _8a\"> </span> <span class=\"_ _1db\"> </span>17,018<span class=\"_ _2b7\"> </span>Additions and capitalised<span class=\"_ _2b7\"> </span>borrowing costs <span class=\"_ _54\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _61\"> </span>117 <span class=\"_ _9e\"> </span> <span class=\"_ _47\"> </span>12 <span class=\"_ _9e\"> </span> <span class=\"_ _89\"> </span>123 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _ee\"> </span>252 <span class=\"_ _a9\"> </span></span> <span class=\"_ _146\"> </span>3 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>42 <span class=\"_ _8a\"> </span> <span class=\"_ _17b\"> </span>53 <span class=\"_ _141\"> </span> <span class=\"_ _ee\"> </span>237 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>335<span class=\"_ _2b7\"> </span>Disposals/retirements <span class=\"_ _76\"> </span> <span class=\"_ _14d\"> </span>(33)   <span class=\"_ _4e\"> </span>(21)   <span class=\"_ _14d\"> </span>(27) <span class=\"_ _6\"> </span> <span class=\"_ _14d\"> </span>(29) <span class=\"_ _6\"> </span><span class=\"ff66\"> <span class=\"_ _e2\"> </span>(110) <span class=\"_ _ab\"> </span></span> <span class=\"_ _b9\"> </span>(28) <span class=\"_ _106\"> </span> <span class=\"_ _e4\"> </span>(37) <span class=\"_ _8f\"> </span> <span class=\"_ _75\"> </span>(687) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>(7) <span class=\"_ _106\"> </span> <span class=\"_ _75\"> </span>(759<span class=\"_ _2b7\"> </span>Write-downs<span class=\"_ _114\"> </span> <span class=\"_ _54\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _14d\"> </span>(64)  <span class=\"ff66\"> <span class=\"_ _4e\"> </span>(64)</span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014<span class=\"_ _2b7\"> </span>Transfers<span class=\"_ _1dc\"> </span> <span class=\"_ _54\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _a9\"> </span></span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>10 <span class=\"_ _8a\"> </span> <span class=\"_ _17b\"> </span>10<span class=\"_ _2b7\"> </span>Transfers to disposal groups held<span class=\"_ _2b7\"> </span>for sale <span class=\"_ _54\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _a9\"> </span></span> <span class=\"_ _e4\"> </span>(11) <span class=\"_ _8f\"> </span> <span class=\"_ _4c\"> </span>(6) <span class=\"_ _106\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _c7\"> </span>(4,017) <span class=\"_ _106\"> </span> <span class=\"_ _c7\"> </span>(4,034)<span class=\"_ _2b7\"> </span>Decommissioning liability and<span class=\"_ _2b7\"> </span>dilapidations revisions and<span class=\"_ _2b7\"> </span>additions (note 21) <span class=\"_ _2c\"> </span>1 <span class=\"_ _9e\"> </span> <span class=\"_ _54\"> </span>\u2014 <span class=\"_ _1da\"> </span> <span class=\"_ _54\"> </span>\u2014 <span class=\"_ _1da\"> </span> <span class=\"_ _81\"> </span>67 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _17b\"> </span>68 <span class=\"_ _167\"> </span></span> <span class=\"_ _146\"> </span>2 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>(12) <span class=\"_ _106\"> </span> <span class=\"_ _b9\"> </span>(10)<span class=\"_ _2b7\"> </span>Lease modifications and<span class=\"_ _2b7\"> </span>re-measurements <span class=\"_ _54\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _68\"> </span>(7)   <span class=\"_ _54\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _68\"> </span>(7) <span class=\"_ _1b7\"> </span></span> <span class=\"_ _4c\"> </span>(8) <span class=\"_ _8f\"> </span> <span class=\"_ _146\"> </span>1 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>(2) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>(9)<span class=\"_ _2b7\"> </span>Exchange adjustments<span class=\"_ _10\"> </span> <span class=\"_ _26\"> </span>8 <span class=\"_ _1da\"> </span> <span class=\"_ _81\"> </span>27 <span class=\"_ _1da\"> </span> <span class=\"_ _2c\"> </span>9 <span class=\"_ _9e\"> </span> <span class=\"_ _47\"> </span>81 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _61\"> </span>125 <span class=\"_ _167\"> </span></span> <span class=\"_ _13f\"> </span>(2) <span class=\"_ _106\"> </span> <span class=\"_ _4c\"> </span>(1) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>(4) <span class=\"_ _106\"> </span> <span class=\"_ _75\"> </span>(166) <span class=\"_ _8f\"> </span> <span class=\"_ _75\"> </span>(173<span class=\"_ _2b7\"> </span>31 December <span class=\"_ _1dd\"> </span><span class=\"fcf\"> <span class=\"_ _89\"> </span>235 <span class=\"_ _9e\"> </span> <span class=\"_ _61\"> </span>691 <span class=\"_ _9e\"> </span> <span class=\"_ _61\"> </span>199 <span class=\"_ _141\"> </span> <span class=\"_ _1db\"> </span>11,517 <span class=\"_ _9e\"> </span> <span class=\"_ _1db\"> </span>12,642 <span class=\"_ _167\"> </span><span class=\"ff6b\"> <span class=\"_ _ee\"> </span>259 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>575 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>205 <span class=\"_ _8a\"> </span> <span class=\"_ _1db\"> </span>11,339 <span class=\"_ _141\"> </span> <span class=\"_ _11c\"> </span>12,378<span class=\"_ _2b7\"> </span></span></span>Accumulated depreciation and<span class=\"_ _2b7\"> </span>impairment<span class=\"_ _2b7\"> </span>1 January <span class=\"_ _11f\"> </span> <span class=\"_ _89\"> </span>131 <span class=\"_ _9e\"> </span> <span class=\"_ _89\"> </span>329 <span class=\"_ _1da\"> </span> <span class=\"_ _81\"> </span>63 <span class=\"_ _9e\"> </span> <span class=\"_ _15\"> </span>9,870 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _1db\"> </span>10,393 <span class=\"_ _167\"> </span></span> <span class=\"_ _ee\"> </span>113 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>257 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>707 <span class=\"_ _8a\"> </span> <span class=\"_ _11c\"> </span>13,298 <span class=\"_ _8a\"> </span> <span class=\"_ _11c\"> </span>14,375<span class=\"_ _2b7\"> </span>Charge for the year<span class=\"_ _1de\"> </span> <span class=\"_ _81\"> </span>22 <span class=\"_ _9e\"> </span> <span class=\"_ _47\"> </span>81 <span class=\"_ _9e\"> </span> <span class=\"_ _47\"> </span>15 <span class=\"_ _9e\"> </span> <span class=\"_ _61\"> </span>392 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _ee\"> </span>510 <span class=\"_ _a9\"> </span></span> <span class=\"_ _54\"> </span>27 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>83 <span class=\"_ _8a\"> </span> <span class=\"_ _17b\"> </span>18 <span class=\"_ _141\"> </span> <span class=\"_ _ee\"> </span>452 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>580<span class=\"_ _2b7\"> </span>Impairments/(write-backs)<span class=\"_ _46\"> </span> <span class=\"_ _2c\"> </span>4 <span class=\"_ _9e\"> </span> <span class=\"_ _68\"> </span>(2)   <span class=\"_ _4e\"> </span>(10)   <span class=\"_ _81\"> </span>20 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _17b\"> </span>12 <span class=\"_ _167\"> </span></span> <span class=\"_ _146\"> </span>8 <span class=\"_ _8a\"> </span> <span class=\"_ _146\"> </span>1 <span class=\"_ _8a\"> </span> <span class=\"_ _10c\"> </span>8 <span class=\"_ _141\"> </span> <span class=\"_ _75\"> </span>(829) <span class=\"_ _8f\"> </span> <span class=\"_ _75\"> </span>(812<span class=\"_ _2b7\"> </span>Disposals/retirements <span class=\"_ _76\"> </span> <span class=\"_ _14d\"> </span>(28)   <span class=\"_ _4e\"> </span>(19)   <span class=\"_ _14d\"> </span>(25) <span class=\"_ _6\"> </span> <span class=\"_ _14d\"> </span>(29) <span class=\"_ _6\"> </span><span class=\"ff66\"> <span class=\"_ _e2\"> </span>(101) <span class=\"_ _ab\"> </span></span> <span class=\"_ _13f\"> </span>(9) <span class=\"_ _106\"> </span> <span class=\"_ _e4\"> </span>(23) <span class=\"_ _8f\"> </span> <span class=\"_ _75\"> </span>(666) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>(5) <span class=\"_ _106\"> </span> <span class=\"_ _75\"> </span>(703<span class=\"_ _2b7\"> </span>Transfers to disposal groups held<span class=\"_ _2b7\"> </span>for sale <span class=\"_ _54\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _a9\"> </span></span> <span class=\"_ _4c\"> </span>(5) <span class=\"_ _8f\"> </span> <span class=\"_ _4c\"> </span>(6) <span class=\"_ _106\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _c7\"> </span>(2,903) <span class=\"_ _106\"> </span> <span class=\"_ _1df\"> </span>(2,914)<span class=\"_ _2b7\"> </span>Exchange adjustments<span class=\"_ _10\"> </span> <span class=\"_ _26\"> </span>2 <span class=\"_ _1da\"> </span> <span class=\"_ _2c\"> </span>7 <span class=\"_ _9e\"> </span> <span class=\"_ _2c\"> </span>2 <span class=\"_ _9e\"> </span> <span class=\"_ _47\"> </span>69 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _17b\"> </span>80 <span class=\"_ _167\"> </span></span> <span class=\"_ _13f\"> </span>(3) <span class=\"_ _106\"> </span> <span class=\"_ _54\"> </span>17 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>(4) <span class=\"_ _106\"> </span> <span class=\"_ _75\"> </span>(143) <span class=\"_ _8f\"> </span> <span class=\"_ _75\"> </span>(133)<span class=\"_ _2b7\"> </span>31 December <span class=\"_ _1dd\"> </span><span class=\"fcf\"> <span class=\"_ _89\"> </span>131 <span class=\"_ _9e\"> </span> <span class=\"_ _61\"> </span>396 <span class=\"_ _9e\"> </span> <span class=\"_ _47\"> </span>45 <span class=\"_ _9e\"> </span> <span class=\"_ _1db\"> </span>10,322 <span class=\"_ _141\"> </span> <span class=\"_ _1db\"> </span>10,894 <span class=\"_ _167\"> </span><span class=\"ff6b\"> <span class=\"_ _ee\"> </span>131 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>329 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>63 <span class=\"_ _8a\"> </span> <span class=\"_ _15\"> </span>9,870 <span class=\"_ _8a\"> </span> <span class=\"_ _11c\"> </span>10,393<span class=\"_ _2b7\"> </span></span></span>NBV at 31 December<span class=\"_ _1bc\"> </span><span class=\"fcf\"> <span class=\"_ _89\"> </span>104 <span class=\"_ _1da\"> </span> <span class=\"_ _89\"> </span>295 <span class=\"_ _9e\"> </span> <span class=\"_ _61\"> </span>154 <span class=\"_ _9e\"> </span> <span class=\"_ _1e0\"> </span>1,195 <span class=\"_ _9e\"> </span> <span class=\"_ _1e0\"> </span>1,748 <span class=\"_ _167\"> </span><span class=\"ff6b\"> <span class=\"_ _ee\"> </span>128 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>246 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>142 <span class=\"_ _8a\"> </span> <span class=\"_ _7\"> </span>1,469 <span class=\"_ _8e\"> </span> <span class=\"_ _7\"> </span>1,985<span class=\"_ _2b7\"> </span></span></span>13.  Property, plant and equipment<span class=\"_ _2b7\"> </span>(b)<span class=\"_ _2b7\"> </span>Assets in the course of construction included in above carrying amounts<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Plant, equipment and vehicles <span class=\"_ _55\"> </span>33 <span class=\"_ _4f\"> </span>8<span class=\"_ _2b7\"> </span>Gas production and storage <span class=\"_ _55\"> </span>61 <span class=\"_ _55\"> </span>26<span class=\"_ _2b7\"> </span>Power generation <span class=\"_ _55\"> </span>27 <span class=\"_ _55\"> </span>11<span class=\"_ _2b7\"> </span>(c)<span class=\"_ _2b7\"> </span>Additional information relating to right-of-use assets included in the above<span class=\"_ _2b7\"> </span>2022<span class=\"_ _1e1\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>Land and<span class=\"_ _2b7\"> </span>buildings<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Plant,<span class=\"_ _2b7\"> </span>equipment<span class=\"_ _2b7\"> </span>and<span class=\"_ _2b7\"> </span>vehicles<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Power<span class=\"_ _2b7\"> </span>generation<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Gas<span class=\"_ _2b7\"> </span>production<span class=\"_ _2b7\"> </span>and<span class=\"_ _2b7\"> </span>storage<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Land and<span class=\"_ _2b7\"> </span>buildings<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Plant,<span class=\"_ _2b7\"> </span>equipment<span class=\"_ _2b7\"> </span>and<span class=\"_ _2b7\"> </span>vehicles<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Power<span class=\"_ _2b7\"> </span>generation<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Gas<span class=\"_ _2b7\"> </span>production<span class=\"_ _2b7\"> </span>and<span class=\"_ _2b7\"> </span>storage<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Additions<span class=\"_ _1e2\"> </span><span class=\"ff66\"> <span class=\"_ _e4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _14d\"> </span>54 <span class=\"_ _141\"> </span> <span class=\"_ _e4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _86\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _14d\"> </span>54 <span class=\"_ _1e3\"> </span></span> <span class=\"_ _68\"> </span>3 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>31 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _a0\"> </span>6 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>40<span class=\"_ _2b7\"> </span>Depreciation charge for the year<span class=\"_ _f4\"> </span><span class=\"ff66\"> <span class=\"_ _89\"> </span>(21) <span class=\"_ _106\"> </span> <span class=\"_ _61\"> </span>(66) <span class=\"_ _8f\"> </span> <span class=\"_ _e4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e4\"> </span>(12) <span class=\"_ _106\"> </span> <span class=\"_ _89\"> </span>(99) <span class=\"_ _147\"> </span></span> <span class=\"_ _ee\"> </span>(25) <span class=\"_ _106\"> </span> <span class=\"_ _ee\"> </span>(62) <span class=\"_ _8f\"> </span> <span class=\"_ _54\"> </span>(8) <span class=\"_ _106\"> </span> <span class=\"_ _4a\"> </span>(21) <span class=\"_ _106\"> </span> <span class=\"_ _11\"> </span>(116)<span class=\"_ _2b7\"> </span>NBV at 31 December<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _14d\"> </span>86 <span class=\"_ _8a\"> </span> <span class=\"_ _e2\"> </span>207 <span class=\"_ _141\"> </span> <span class=\"_ _e4\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>16 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>309 <span class=\"_ _1e3\"> </span><span class=\"ff6b\"> <span class=\"_ _10f\"> </span>106 <span class=\"_ _8a\"> </span> <span class=\"_ _10f\"> </span>208 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>28 <span class=\"_ _8a\"> </span> <span class=\"_ _e2\"> </span>342<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _1b7\"> </span>In 2022 \u00a3nil (2021: \u00a35 million) of transfers to held for sale have taken place, in addition to other movements relating to right-of-<span class=\"_ _1\"></span>use assets not disclosed individually.<span class=\"_ _2b7\"> </span>Further information on the Group\u2019s leasing arrangements is provided in note <span class=\"_ _1\"></span>23.<span class=\"ff6d\"> </span>14.<span class=\"_ _13e\"> </span>Interests in joint ventures and associates<span class=\"_ _2b7\"> </span>Investments in joint ventures and associates represent businesses where we exercise joint control or significant<span class=\"_ _2b7\"> </span>influence and generally have an equity holding of up to 50%. These include the investment in Lake Acquisitions Limited,<span class=\"_ _2b7\"> </span>which owns the existing EDF UK nuclear power station fleet.<span class=\"_ _2b7\"> </span>(a)<span class=\"_ _107\"> </span>Interests in joint ventures and associates<span class=\"_ _2b7\"> </span>2022<span class=\"_ _117\"> </span><span class=\"ff6b fcf\">2021<span class=\"_ _2b7\"> </span></span>Investments in<span class=\"_ _2b7\"> </span>joint ventures<span class=\"_ _2b7\"> </span>and associates<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Investments in<span class=\"_ _2b7\"> </span>joint ventures<span class=\"_ _2b7\"> </span>and associates<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>1 January <span class=\"_ _1e4\"> </span><span class=\"ff66\"> <span class=\"_ _17b\"> </span>1,628 <span class=\"_ _85\"> </span></span>843<span class=\"_ _2b7\"> </span>Additions (i) <span class=\"_ _55\"> </span>18 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _10d\"> </span>\u2014<span class=\"_ _2b7\"> </span></span>Write-backs<span class=\"_ _2b7\"> </span>(ii) <span class=\"_ _109\"> </span>195 <span class=\"_ _85\"> </span><span class=\"ff6b\">747<span class=\"_ _2b7\"> </span></span>Share of profit/(loss) for the year<span class=\"_ _1e5\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>93 <span class=\"_ _11c\"> </span></span> <span class=\"_ _146\"> </span>(103)<span class=\"_ _2b7\"> </span>Share of other comprehensive (loss)/income (iii) <span class=\"_ _2c\"> </span>(293) <span class=\"_ _4f\"> </span><span class=\"ff6b\">152<span class=\"_ _2b7\"> </span></span>Dividends<span class=\"_ _1e6\"> </span><span class=\"ff66\"> <span class=\"_ _31\"> </span>(60) <span class=\"_ _13e\"> </span></span> <span class=\"_ _5b\"> </span>(2)<span class=\"_ _2b7\"> </span>Disposals<span class=\"_ _2b7\"> </span>(iv) <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _f5\"> </span>(2)<span class=\"_ _2b7\"> </span></span>Other movements<span class=\"_ _1e7\"> </span><span class=\"ff66\"> <span class=\"_ _23\"> </span>(1) <span class=\"_ _13e\"> </span></span> <span class=\"_ _5b\"> </span>(7)<span class=\"_ _2b7\"> </span>31 December <span class=\"_ _15e\"> </span><span class=\"fcf\"> <span class=\"_ _17b\"> </span>1,580 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _54\"> </span>1,628<span class=\"_ _2b7\"> </span></span></span>(i)<span class=\"_ _1b7\"> </span>The \u00a318 million in 2022 relates to cash injections into Greener Ideas Limited.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>The \u00a3195 million in 2022 relates to nuclear investment write-back (<span class=\"_ _b\"></span>2021: \u00a3747 million). See note 7 for further details.<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _141\"> </span>Share of other comprehensive (loss)/income mainly relates to actuarial changes on pension schemes within the nuclear investment.<span class=\"_ _2b7\"> </span>(iv)<span class=\"_ _8a\"> </span>In 2021, the Group sold its 50% equity stake in Barrow Shipping Limited.<span class=\"_ _2b7\"> </span>(b)<span class=\"_ _12\"> </span>Share of joint ventures\u2019 and associates\u2019 assets and liabilities<span class=\"_ _2b7\"> </span>2022<span class=\"_ _1e8\"> </span><span class=\"ff6b fcf\">2021<span class=\"_ _2b7\"> </span></span>31 December<span class=\"_ _2b7\"> </span>Associates<span class=\"_ _2b7\"> </span>Nuclear<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Other<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Share of non-current assets <span class=\"_ _17b\"> </span>4,175 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>21 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _17b\"> </span>4,196 <span class=\"_ _11c\"> </span></span> <span class=\"_ _54\"> </span>5,113<span class=\"_ _2b7\"> </span>Share of current assets <span class=\"_ _109\"> </span>842 <span class=\"_ _141\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _8\"> </span>842 <span class=\"_ _11c\"> </span></span> <span class=\"_ _8\"> </span>706 <span class=\"_ _17b\"> </span>5,017 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>21 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _17b\"> </span>5,038 <span class=\"_ _11c\"> </span></span> <span class=\"_ _54\"> </span>5,819<span class=\"_ _2b7\"> </span>Share of current liabilities <span class=\"_ _10c\"> </span>(348) <span class=\"_ _6\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _10c\"> </span>(348) <span class=\"_ _13e\"> </span></span> <span class=\"_ _146\"> </span>(359)<span class=\"_ _2b7\"> </span>Share of non-current liabilities <span class=\"_ _b9\"> </span>(2,612) <span class=\"_ _106\"> </span> <span class=\"_ _f5\"> </span>(1) <span class=\"_ _106\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>(2,613) <span class=\"_ _13e\"> </span></span> <span class=\"_ _e4\"> </span>(3,140) <span class=\"_ _b9\"> </span>(2,960) <span class=\"_ _106\"> </span> <span class=\"_ _f5\"> </span>(1) <span class=\"_ _106\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>(2,961) <span class=\"_ _13e\"> </span></span> <span class=\"_ _e4\"> </span>(3,499)<span class=\"_ _2b7\"> </span>Cumulative impairment <span class=\"_ _10c\"> </span>(497) <span class=\"_ _6\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _10c\"> </span>(497)</span> <span class=\"_ _146\"> </span>(692)<span class=\"_ _2b7\"> </span>Interests in joint ventures and associates <span class=\"_ _17b\"> </span>1,560 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>20 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>1,580 <span class=\"_ _54\"> </span>1,628<span class=\"_ _2b7\"> </span>Net cash included in share of net assets <span class=\"_ _109\"> </span>112 <span class=\"_ _141\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _8\"> </span>112</span> <span class=\"_ _55\"> </span>50<span class=\"_ _2b7\"> </span>Further information on the Group\u2019s investments in joint ventures and associates is provided in notes<span class=\"_ _1\"></span> 6 and S10.<span class=\"_ _2b7\"> </span>15.<span class=\"_ _13e\"> </span>Other intangible assets and goodwill<span class=\"_ _2b7\"> </span>The Group Balance Sheet contains significant intangible assets. Goodwill, customer relationships and brands usually<span class=\"_ _2b7\"> </span>arise when we acquire a business. Goodwill is attributable to enhanced geographical presence, cost savings, syne<span class=\"_ _1\"></span>rgies,<span class=\"_ _2b7\"> </span>growth opportunities, the assembled workforce and also arises from items such as deferred tax. Goodwill is not<span class=\"_ _2b7\"> </span>amortised but is assessed for recoverability each year.<span class=\"_ _2b7\"> </span>The Group uses European Union Allowances (EUAs) and Renewable Obligation Certificates/Renewable Energy<span class=\"_ _2b7\"> </span>Certificates (ROCs/RECs) to satisfy its related obligations.<span class=\"_ _2b7\"> </span>Upstream exploration and evaluation expenditure is capitalised as an intangible asset until development of the asset<span class=\"_ _2b7\"> </span>commences, at which point it is transferred to PP&amp;E or is deemed not commercially viable and is written down.<span class=\"_ _2b7\"> </span>(a)<span class=\"_ _107\"> </span>Carrying amounts<span class=\"_ _2b7\"> </span>2022<span class=\"_ _1e9\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>Customer<span class=\"_ _2b7\"> </span>relationships<span class=\"_ _2b7\"> </span>and brands<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Application<span class=\"_ _2b7\"> </span>software<span class=\"_ _2b7\"> </span>(i)(ii)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>EUA/<span class=\"_ _2b7\"> </span>ROC/<span class=\"_ _2b7\"> </span>REC<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Exploration<span class=\"_ _2b7\"> </span>and<span class=\"_ _2b7\"> </span>evaluation<span class=\"_ _2b7\"> </span>expenditure<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Goodwill<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Customer<span class=\"_ _2b7\"> </span>relationships<span class=\"_ _2b7\"> </span>and brands<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Application<span class=\"_ _2b7\"> </span>software<span class=\"_ _2b7\"> </span>(i)(ii)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>EUA/<span class=\"_ _2b7\"> </span>ROC/<span class=\"_ _2b7\"> </span>REC<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Exploration<span class=\"_ _2b7\"> </span>and<span class=\"_ _2b7\"> </span>evaluation<span class=\"_ _2b7\"> </span>expenditure<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Goodwill<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Cost<span class=\"_ _2b7\"> </span>1 January <span class=\"_ _1ea\"> </span><span class=\"ff66\"> <span class=\"_ _17b\"> </span>201 <span class=\"_ _9e\"> </span> <span class=\"_ _1e0\"> </span>1,584 <span class=\"_ _9e\"> </span> <span class=\"_ _113\"> </span>213 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>121 <span class=\"_ _141\"> </span> <span class=\"_ _ed\"> </span>665 <span class=\"_ _141\"> </span> <span class=\"_ _106\"> </span>2,784 <span class=\"_ _11c\"> </span></span> <span class=\"_ _4e\"> </span>203 <span class=\"_ _141\"> </span> <span class=\"_ _113\"> </span>1,752 <span class=\"_ _8a\"> </span> <span class=\"_ _c7\"> </span>208 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>352 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>1,651 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>4,166<span class=\"_ _2b7\"> </span>Additions and capitalised<span class=\"_ _2b7\"> </span>borrowing costs <span class=\"_ _78\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>44 <span class=\"_ _141\"> </span> <span class=\"_ _113\"> </span>799 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _1e3\"> </span>843 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>46 <span class=\"_ _8a\"> </span> <span class=\"_ _c7\"> </span>654 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>51 <span class=\"_ _8a\"> </span> <span class=\"_ _17a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _12\"> </span>751<span class=\"_ _2b7\"> </span></span>Acquisitions<span class=\"_ _b1\"> </span><span class=\"ff66\"> <span class=\"_ _10c\"> </span>11 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _e5\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>11 <span class=\"_ _11c\"> </span></span> <span class=\"_ _86\"> </span>13 <span class=\"_ _141\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8e\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _74\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1eb\"> </span>13<span class=\"_ _2b7\"> </span>Disposals/retirements<span class=\"_ _2b7\"> </span>and surrenders <span class=\"_ _109\"> </span>(9) <span class=\"_ _106\"> </span> <span class=\"_ _e2\"> </span>(129) <span class=\"_ _106\"> </span> <span class=\"_ _1db\"> </span>(732) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _147\"> </span>(870) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _10c\"> </span>(9) <span class=\"_ _106\"> </span> <span class=\"_ _11\"> </span>(215) <span class=\"_ _106\"> </span> <span class=\"_ _a9\"> </span>(648) <span class=\"_ _8f\"> </span> <span class=\"_ _b9\"> </span>(26) <span class=\"_ _106\"> </span> <span class=\"_ _74\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _1e3\"> </span>(898<span class=\"_ _2b7\"> </span></span>Write-downs<span class=\"_ _b0\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1c\"> </span>\u2014 <span class=\"_ _11c\"> </span></span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>(58) <span class=\"_ _106\"> </span> <span class=\"_ _17a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _83\"> </span>(58)<span class=\"_ _2b7\"> </span>Transfers<span class=\"_ _91\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1c\"> </span>\u2014 <span class=\"_ _11c\"> </span></span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>(10) <span class=\"_ _106\"> </span> <span class=\"_ _17a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1e0\"> </span>(10)<span class=\"_ _2b7\"> </span>Transfers to disposal<span class=\"_ _2b7\"> </span>groups held for sale <span class=\"_ _78\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1c\"> </span>\u2014 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8e\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _75\"> </span>(187) <span class=\"_ _106\"> </span> <span class=\"_ _1e3\"> </span>(968) <span class=\"_ _106\"> </span> <span class=\"_ _8f\"> </span>(1,155)<span class=\"_ _2b7\"> </span></span>Exchange adjustments<span class=\"_ _1eb\"> </span><span class=\"ff66\"> <span class=\"_ _140\"> </span>5 <span class=\"_ _141\"> </span> <span class=\"_ _47\"> </span>11 <span class=\"_ _9e\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _17a\"> </span>15 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>31 <span class=\"_ _11c\"> </span></span> <span class=\"_ _2c\"> </span>(6) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>1 <span class=\"_ _8a\"> </span> <span class=\"_ _75\"> </span>(1) <span class=\"_ _8f\"> </span> <span class=\"_ _4c\"> </span>(1) <span class=\"_ _106\"> </span> <span class=\"_ _83\"> </span>(18) <span class=\"_ _106\"> </span> <span class=\"_ _1e0\"> </span>(25)<span class=\"_ _2b7\"> </span>31 December <span class=\"_ _72\"> </span><span class=\"fcf\"> <span class=\"_ _17b\"> </span>208 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>1,510 <span class=\"_ _141\"> </span> <span class=\"_ _113\"> </span>280 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>121 <span class=\"_ _141\"> </span> <span class=\"_ _ed\"> </span>680 <span class=\"_ _141\"> </span> <span class=\"_ _106\"> </span>2,799 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _14d\"> </span>201 <span class=\"_ _8a\"> </span> <span class=\"_ _113\"> </span>1,584 <span class=\"_ _8a\"> </span> <span class=\"_ _c7\"> </span>213 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>121 <span class=\"_ _8a\"> </span> <span class=\"_ _107\"> </span>665 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>2,784<span class=\"_ _2b7\"> </span></span></span>Accumulated<span class=\"_ _2b7\"> </span>amortisation<span class=\"_ _2b7\"> </span>1 January <span class=\"_ _1ea\"> </span> <span class=\"_ _146\"> </span>95 <span class=\"_ _141\"> </span> <span class=\"_ _1e0\"> </span>1,143 <span class=\"_ _9e\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4e\"> </span>121 <span class=\"_ _141\"> </span> <span class=\"_ _ed\"> </span>264 <span class=\"_ _141\"> </span> <span class=\"_ _106\"> </span>1,623 <span class=\"_ _11c\"> </span> <span class=\"_ _68\"> </span>91 <span class=\"_ _8a\"> </span> <span class=\"_ _113\"> </span>1,166 <span class=\"_ _8a\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _ee\"> </span>247 <span class=\"_ _8a\"> </span> <span class=\"_ _12\"> </span>722 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>2,226<span class=\"_ _2b7\"> </span>Amortisation<span class=\"_ _2b7\"> </span>(iii) <span class=\"_ _146\"> </span>17 <span class=\"_ _141\"> </span> <span class=\"_ _61\"> </span>142 <span class=\"_ _141\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1db\"> </span>159 <span class=\"_ _11c\"> </span> <span class=\"_ _68\"> </span>13 <span class=\"_ _8a\"> </span> <span class=\"_ _e2\"> </span>175 <span class=\"_ _8a\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _17a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _12\"> </span>188<span class=\"_ _2b7\"> </span>Disposals/retirements<span class=\"_ _2b7\"> </span>and surrenders <span class=\"_ _8\"> </span>(9) <span class=\"_ _6\"> </span> <span class=\"_ _10f\"> </span>(129) <span class=\"_ _6\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e5\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _8d\"> </span>(138) <span class=\"_ _c5\"> </span> <span class=\"_ _2c\"> </span>(9) <span class=\"_ _106\"> </span> <span class=\"_ _74\"> </span>(211) <span class=\"_ _106\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _86\"> </span>\u2014 <span class=\"_ _8e\"> </span> <span class=\"_ _17a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1e3\"> </span>(220)<span class=\"_ _2b7\"> </span>Impairments<span class=\"_ _f8\"> </span> <span class=\"_ _50\"> </span>5 <span class=\"_ _141\"> </span> <span class=\"_ _47\"> </span>15 <span class=\"_ _9e\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _e5\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>20 <span class=\"_ _11c\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _14d\"> </span>17 <span class=\"_ _8a\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _107\"> </span>301 <span class=\"_ _8a\"> </span> <span class=\"_ _107\"> </span>318<span class=\"_ _2b7\"> </span>Transfers to disposal<span class=\"_ _2b7\"> </span>groups held for sale <span class=\"_ _78\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1c\"> </span>\u2014 <span class=\"_ _11c\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8e\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _75\"> </span>(124) <span class=\"_ _106\"> </span> <span class=\"_ _1e3\"> </span>(758) <span class=\"_ _106\"> </span> <span class=\"_ _1e3\"> </span>(882)<span class=\"_ _2b7\"> </span>Exchange adjustments<span class=\"_ _1eb\"> </span> <span class=\"_ _140\"> </span>3 <span class=\"_ _141\"> </span> <span class=\"_ _10c\"> </span>9 <span class=\"_ _141\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13\"> </span>7 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>19 <span class=\"_ _11c\"> </span> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _17b\"> </span>(4) <span class=\"_ _106\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>(2) <span class=\"_ _106\"> </span> <span class=\"_ _e2\"> </span>(1) <span class=\"_ _106\"> </span> <span class=\"_ _e2\"> </span>(7<span class=\"_ _2b7\"> </span>31 December <span class=\"_ _72\"> </span><span class=\"ff6b fcf\"> <span class=\"_ _17b\"> </span>111 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>1,180 <span class=\"_ _141\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>121 <span class=\"_ _141\"> </span> <span class=\"_ _ed\"> </span>271 <span class=\"_ _141\"> </span> <span class=\"_ _106\"> </span>1,683 <span class=\"_ _11c\"> </span> <span class=\"_ _86\"> </span>95 <span class=\"_ _141\"> </span> <span class=\"_ _113\"> </span>1,143 <span class=\"_ _8a\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>121 <span class=\"_ _8a\"> </span> <span class=\"_ _12\"> </span>264 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>1,623<span class=\"_ _2b7\"> </span></span>NBV at 31 December <span class=\"_ _146\"> </span>97 <span class=\"_ _141\"> </span> <span class=\"_ _61\"> </span>330 <span class=\"_ _141\"> </span> <span class=\"_ _113\"> </span>280 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _ed\"> </span>409 <span class=\"_ _141\"> </span> <span class=\"_ _106\"> </span>1,116 <span class=\"_ _11c\"> </span> <span class=\"_ _4e\"> </span>106 <span class=\"_ _8a\"> </span> <span class=\"_ _10f\"> </span>441 <span class=\"_ _8a\"> </span> <span class=\"_ _1df\"> </span>213 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _107\"> </span>401 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>1,161<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _1b7\"> </span>Application software includes assets under construction with a cost of \u00a383 million (2021:<span class=\"_ _b\"></span> \u00a371 million).<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>The remaining amortisation period of individually material application software assets, which had a carrying value of \u00a3100 million (<span class=\"_ _1\"></span>2021: \u00a3171 million), is between 0 and<span class=\"_ _2b7\"> </span>4 years. Additionally, there is \u00a361 million (2021: \u00a343 million) of individually material software assets under construction.<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _141\"> </span>Amortisation of \u00a3159 million (2021: \u00a3188 million) has been recognised in operating costs from continuing operations before exceptional items.<span class=\"_ _2b7\"> </span>15.<span class=\"_ _13e\"> </span>Other intangible assets and goodwill<span class=\"_ _2b7\"> </span>(b)<span class=\"_ _12\"> </span>Carrying amount of goodwill and intangible assets with indefinite useful lives allocated to CGUs<span class=\"_ _2b7\"> </span>Goodwill acquired through business combinations, and indefinite-lived intangible assets, have been allocated for impairment testing<span class=\"_ _2b7\"> </span>purposes to individual CGUs or groups of CGUs, each representing the lowest level within the Group at which the goodwill or indefinite-<span class=\"_ _2b7\"> </span>lived intangible asset is monitored for internal management purposes.<span class=\"_ _2b7\"> </span>2022<span class=\"_ _1a5\"> </span><span class=\"ff6b fcf\">2<span class=\"_ _1\"></span>021<span class=\"_ _2b7\"> </span></span>31 December<span class=\"_ _2b7\"> </span>Principal acquisitions to which<span class=\"_ _2b7\"> </span>goodwill and intangibles with<span class=\"_ _2b7\"> </span>indefinite useful lives relate<span class=\"_ _2b7\"> </span>Carrying<span class=\"_ _2b7\"> </span>amount of<span class=\"_ _2b7\"> </span>goodwill<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Carrying amount of<span class=\"_ _2b7\"> </span>indefinite-lived intangible assets<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Carrying<span class=\"_ _2b7\"> </span>amount of<span class=\"_ _2b7\"> </span>goodwill<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Carrying amount of<span class=\"_ _2b7\"> </span>indefinite-lived<span class=\"_ _2b7\"> </span>intangible assets<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>CGUs<span class=\"_ _2b7\"> </span>British Gas Services &amp; Solutions<span class=\"_ _bb\"> </span>AlertMe/Dyno-Rod<span class=\"_ _57\"> </span><span class=\"ff66\"> <span class=\"_ _68\"> </span>63 <span class=\"_ _141\"> </span> <span class=\"_ _e9\"> </span>57 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>120 <span class=\"_ _141\"> </span></span> <span class=\"_ _4c\"> </span>63 <span class=\"_ _8a\"> </span> <span class=\"_ _4b\"> </span>57 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>120<span class=\"_ _2b7\"> </span>British Gas Energy<span class=\"_ _88\"> </span>Enron Direct/Electricity Direct<span class=\"_ _11c\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>121 <span class=\"_ _141\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>121 <span class=\"_ _141\"> </span></span> <span class=\"_ _e4\"> </span>121 <span class=\"_ _8a\"> </span> <span class=\"_ _f0\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>121<span class=\"_ _2b7\"> </span>Centrica Business Solutions   \u2013 Energy solutions<span class=\"_ _2b7\"> </span>ENER-G/Panoramic Power/<span class=\"_ _2b7\"> </span>REstore/SmartWatt <span class=\"_ _7c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span><span class=\"ff6b\"> <span class=\"_ _26\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _f0\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _30\"> </span>\u2014</span>   \u2013 Energy supply<span class=\"_ _88\"> </span>Enron Direct/Electr<span class=\"_ _1\"></span>icity Direct<span class=\"_ _a9\"> </span><span class=\"ff66\"> <span class=\"_ _68\"> </span>60 <span class=\"_ _141\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>60 <span class=\"_ _141\"> </span></span> <span class=\"_ _13f\"> </span>60 <span class=\"_ _141\"> </span> <span class=\"_ _f0\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>60<span class=\"_ _2b7\"> </span>Bord G\u00e1is Energy<span class=\"_ _d2\"> </span>Bord G\u00e1is Energy<span class=\"_ _130\"> </span><span class=\"ff66\"> <span class=\"_ _13f\"> </span>16 <span class=\"_ _8a\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>16 <span class=\"_ _141\"> </span></span> <span class=\"_ _4c\"> </span>15 <span class=\"_ _8a\"> </span> <span class=\"_ _f0\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>15<span class=\"_ _2b7\"> </span>Energy Marketing &amp; Trading<span class=\"_ _81\"> </span>Neas Energy<span class=\"_ _169\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>149 <span class=\"_ _9e\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _14d\"> </span>149 <span class=\"_ _9e\"> </span></span> <span class=\"_ _b9\"> </span>142 <span class=\"_ _8a\"> </span> <span class=\"_ _1ec\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>142<span class=\"_ _2b7\"> </span>Upstream<span class=\"_ _2b7\"> </span>Newfield/Heimdal/Venture/<span class=\"_ _2b7\"> </span>Bayerngas <span class=\"_ _7c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span><span class=\"ff6b\"> <span class=\"_ _26\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _f0\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _30\"> </span>\u2014</span> <span class=\"_ _14d\"> </span>409 <span class=\"_ _9e\"> </span> <span class=\"_ _e9\"> </span>57 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>466 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _b9\"> </span>401 <span class=\"_ _141\"> </span> <span class=\"_ _4b\"> </span>57 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>458<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _1b7\"> </span>The indefinite-lived intangible assets relate mainly to the Dyno-Rod brand.<span class=\"_ _2b7\"> </span>The Group has considered the impact of climate change on the carrying value of goodwill, including the impact of the risks and<span class=\"_ _2b7\"> </span>opportunities. See note 3(c).<span class=\"_ _2b7\"> </span>16.Deferred tax liabilities and assets<span class=\"_ _2b7\"> </span>Deferred tax is an accounting adjustment to provide for tax that is expected to arise in the future as a result of<span class=\"_ _2b7\"> </span>differences in the accounting and tax bases of assets and liabilities. The principal deferred tax assets and liabilities<span class=\"_ _2b7\"> </span>recognised by the Group relate to capital investments, decommissioning assets and provisions, tax losses, fair value<span class=\"_ _2b7\"> </span>movements on derivative financial instruments, PRT and pensions.<span class=\"_ _2b7\"> </span>Accelerated tax<span class=\"_ _2b7\"> </span>depreciation<span class=\"_ _2b7\"> </span>(corporation tax)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Net<span class=\"_ _2b7\"> </span>decommissioning<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Losses<span class=\"_ _2b7\"> </span>carried<span class=\"_ _2b7\"> </span>forward<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Other timing<span class=\"_ _2b7\"> </span>differences<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Marked to<span class=\"_ _2b7\"> </span>market<span class=\"_ _2b7\"> </span>positions<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Net deferred PRT<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Retirement<span class=\"_ _2b7\"> </span>benefit obligation and<span class=\"_ _2b7\"> </span>other<span class=\"_ _2b7\"> </span>provisions<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>1 January 2021 <span class=\"_ _bc\"> </span>(662) <span class=\"_ _6\"> </span> <span class=\"_ _58\"> </span>876 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>136 <span class=\"_ _141\"> </span> <span class=\"_ _78\"> </span>72 <span class=\"_ _141\"> </span> <span class=\"_ _30\"> </span>(64) <span class=\"_ _6\"> </span> <span class=\"_ _77\"> </span>125 <span class=\"_ _141\"> </span> <span class=\"_ _b3\"> </span>4 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>487<span class=\"_ _2b7\"> </span>(Charge)/credit to income <span class=\"_ _bc\"> </span>(383) <span class=\"_ _6\"> </span> <span class=\"_ _58\"> </span>109 <span class=\"_ _141\"> </span> <span class=\"_ _78\"> </span>51 <span class=\"_ _141\"> </span> <span class=\"_ _30\"> </span>(36) <span class=\"_ _6\"> </span> <span class=\"_ _77\"> </span>601 <span class=\"_ _141\"> </span> <span class=\"_ _30\"> </span>(83) <span class=\"_ _6\"> </span> <span class=\"_ _109\"> </span>(30) <span class=\"_ _6\"> </span> <span class=\"_ _77\"> </span>229<span class=\"_ _2b7\"> </span>Credit/(charge) to equity <span class=\"_ _72\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _10\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b8\"> </span>8 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>(90) <span class=\"_ _6\"> </span> <span class=\"_ _30\"> </span>(82)<span class=\"_ _2b7\"> </span>Transferred to held for sale <span class=\"_ _4d\"> </span>582 <span class=\"_ _141\"> </span> <span class=\"_ _5b\"> </span>(428) <span class=\"_ _6\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _48\"> </span>(6) <span class=\"_ _6\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _46\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>148<span class=\"_ _2b7\"> </span>Exchange and other adjustments <span class=\"_ _57\"> </span>5 <span class=\"_ _141\"> </span> <span class=\"_ _57\"> </span>(1) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _b8\"> </span>1 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _46\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _b8\"> </span>5<span class=\"_ _2b7\"> </span>31 December 2021 <span class=\"_ _bc\"> </span>(458) <span class=\"_ _6\"> </span> <span class=\"_ _58\"> </span>556 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>187 <span class=\"_ _141\"> </span> <span class=\"_ _78\"> </span>31 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>545 <span class=\"_ _141\"> </span> <span class=\"_ _78\"> </span>42 <span class=\"_ _9e\"> </span> <span class=\"_ _68\"> </span>(116) <span class=\"_ _6\"> </span><span class=\"ff66\"> <span class=\"_ _77\"> </span>787<span class=\"_ _2b7\"> </span></span>(Charge)/credit to income (iv) <span class=\"_ _bc\"> </span>(136) <span class=\"_ _6\"> </span> <span class=\"_ _5b\"> </span>(101) <span class=\"_ _6\"> </span> <span class=\"_ _78\"> </span>29 <span class=\"_ _141\"> </span> <span class=\"_ _30\"> </span>(93) <span class=\"_ _6\"> </span> <span class=\"_ _7b\"> </span>1,160 <span class=\"_ _141\"> </span> <span class=\"_ _30\"> </span>(13) <span class=\"_ _106\"> </span> <span class=\"_ _b3\"> </span>1 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _77\"> </span>847<span class=\"_ _2b7\"> </span></span>Credit/(charge) to equity <span class=\"_ _72\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _10\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b8\"> </span>8 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>(6) <span class=\"_ _6\"> </span><span class=\"ff66\"> <span class=\"_ _b8\"> </span>2<span class=\"_ _2b7\"> </span></span>Transferred within held for sale <span class=\"_ _72\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _10\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _78\"> </span>70 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _46\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _78\"> </span>70<span class=\"_ _2b7\"> </span></span>Exchange and other adjustments <span class=\"_ _10\"> </span>(1) <span class=\"_ _106\"> </span> <span class=\"_ _f0\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _48\"> </span>(4) <span class=\"_ _6\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _46\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>(5<span class=\"_ _2b7\"> </span></span>31 December 2022 <span class=\"_ _10d\"> </span>(595) <span class=\"_ _106\"> </span> <span class=\"_ _58\"> </span>455 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>216 <span class=\"_ _141\"> </span> <span class=\"_ _b8\"> </span>4 <span class=\"_ _141\"> </span> <span class=\"_ _7b\"> </span>1,713 <span class=\"_ _141\"> </span> <span class=\"_ _78\"> </span>29 <span class=\"_ _141\"> </span> <span class=\"_ _68\"> </span>(121) <span class=\"_ _8f\"> </span> <span class=\"_ _7b\"> </span>1,701<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _1b7\"> </span>Net decommissioning includes deferred tax assets of \u00a3596 million (2021: \u00a3638 million) in respect <span class=\"_ _1\"></span>of decommissioning provisions.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>The losses arise principally from accelerated allowances for upstream investment expenditure, for which equivalent deferred tax liabilities are included under accelerated<span class=\"_ _2b7\"> </span>tax depreciation.<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _141\"> </span>The deferred PRT amounts include the effect of deferred corporation tax as PRT is chargeable to corporation tax.<span class=\"_ _2b7\"> </span>(iv)<span class=\"_ _8a\"> </span>The increase in forecast commodity prices has enabled previously unrecognised exploration and production deferred assets to be recognised, and reduced recognised<span class=\"_ _2b7\"> </span>deferred tax assets. As a result a net credit of \u00a3121 million has been made to exceptional items and certain re-measurements (see note 7).<span class=\"_ _2b7\"> </span>Certain deferred tax assets and liabilities have been offset where there is a legally enforceable right to offset current tax assets against<span class=\"_ _2b7\"> </span>current tax liabilities and when the deferred income taxes relate to the same fiscal authority.<span class=\"_ _2b7\"> </span>2022<span class=\"_ _bf\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>31 December<span class=\"_ _2b7\"> </span>Assets<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Liabilities<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Assets<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Liabilities<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Gross deferred tax balances <span class=\"_ _86\"> </span>2,481 <span class=\"_ _141\"> </span> <span class=\"_ _10c\"> </span>(780) <span class=\"_ _1b7\"> </span><span class=\"ff6b\"> <span class=\"_ _68\"> </span>1,404 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>(617<span class=\"_ _2b7\"> </span></span>Offsetting deferred tax balances <span class=\"_ _b4\"> </span>(772) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>772 <span class=\"_ _167\"> </span><span class=\"ff6b\"> <span class=\"_ _109\"> </span>(581) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>581<span class=\"_ _2b7\"> </span></span>Net deferred tax balances (after offsetting for financial reporting purposes) <span class=\"_ _86\"> </span>1,709 <span class=\"_ _141\"> </span> <span class=\"_ _b3\"> </span>(8) <span class=\"_ _c5\"> </span><span class=\"ff6b\"> <span class=\"_ _187\"> </span>823 <span class=\"_ _8a\"> </span> <span class=\"_ _2a\"> </span>(36)<span class=\"_ _2b7\"> </span></span>Deferred tax assets arise typically on decommissioning provisions, trading losses carried forward, retirement benefit obligations and<span class=\"_ _2b7\"> </span>marked to market positions. Forecasts indicate that there will be suitable taxable profits to utilise those deferred tax assets not offset<span class=\"_ _2b7\"> </span>against deferred tax liabilities. Specific legislative provisions applicable to gas production provide assurance that deferred tax assets<span class=\"_ _2b7\"> </span>relating to decommissioning costs and certain trading losses will be utilised.<span class=\"_ _2b7\"> </span>The UK upstream deferred tax assets and liabilities were measured at the headline rate of tax of 40% applicable to the UK gas profits,<span class=\"_ _2b7\"> </span>consisting of 30% ring fence corporation tax and 10% supplementary charge. Following the introduction of the additional 25% Energy<span class=\"_ _2b7\"> </span>Profits Levy on top of the existing 40% headline rate of tax on 26 May 2022, the UK upstream deferred tax assets and liabilities were<span class=\"_ _2b7\"> </span>re-measured at the rate of 65%.<span class=\"_ _2b7\"> </span>In the Autumn Statement published on 22 November 2022, the UK Government increased the Energy Profits Levy from 25% to 35%<span class=\"_ _2b7\"> </span>with effect from 1 January 2023. Following substantive enactment on 30 November 2022, the UK upstream deferred tax balances at<span class=\"_ _2b7\"> </span>31 December 2022 were re-measured at the rate of 75%. A net credit of \u00a3148 million has b<span class=\"_ _1\"></span>een recognised in exceptional items and<span class=\"_ _2b7\"> </span>certain re-measurements (see note 7) on the re-measurement of deferred tax balances as at 26 May 2022 and 31 December 2022.<span class=\"_ _2b7\"> </span>The net credit comprises a \u00a3325 million tax charge in respect of accelerated capital allowances and other timing differences offset<span class=\"_ _2b7\"> </span>by a tax credit of \u00a3473 million in respect of derivatives.<span class=\"_ _2b7\"> </span>At the balance sheet date, the Group had certain \u00a3802 million (2021: \u00a31,762 m<span class=\"_ _1\"></span>illion) unrecognised deductible temporary differences<span class=\"_ _2b7\"> </span>related to carried forward tax losses available for utilisation against future taxable profits.<span class=\"_ _2b7\"> </span>At the balance sheet date, no taxable temporary differences existed in respect of the Group\u2019s overseas investments (2021: \u00a3nil).<span class=\"_ _2b7\"> </span>17.<span class=\"_ _2b7\"> </span>Trade and other receivables and contract-related assets<span class=\"_ _2b7\"> </span>Trade and other receivables include accrued income, and are amounts owed by our customers for goods we have<span class=\"_ _2b7\"> </span>delivered or services we have provided. These balances are valued net of expected credit losses. Othe<span class=\"_ _1\"></span>r receivables<span class=\"_ _2b7\"> </span>include payments made in advance to our suppliers. Contract-related assets are balances arising as a re<span class=\"_ _1\"></span>sult of the<span class=\"_ _2b7\"> </span>Group\u2019s contracts with customers in the scope of IFRS 15.<span class=\"_ _2b7\"> </span>2022<span class=\"_ _cf\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>31 December<span class=\"_ _2b7\"> </span>Current<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Non-current<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Current<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Non-current<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Financial assets:<span class=\"_ _2b7\"> </span>Trade receivables <span class=\"_ _1ed\"> </span><span class=\"ff66\"> <span class=\"_ _81\"> </span>2,207 <span class=\"_ _8a\"> </span> <span class=\"_ _f5\"> </span>\u2014 <span class=\"_ _48\"> </span></span>1,546<span class=\"_ _8d\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span>Unbilled downstream energy income<span class=\"_ _1ee\"> </span><span class=\"ff66\"> <span class=\"_ _81\"> </span>1,281 <span class=\"_ _8a\"> </span> <span class=\"_ _f5\"> </span>\u2014 <span class=\"_ _4d\"> </span></span>726<span class=\"_ _147\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span>Trading and energy procurement accrued income<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _81\"> </span>3,179 <span class=\"_ _8a\"> </span> <span class=\"_ _f5\"> </span>\u2014 <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>2,546 <span class=\"_ _8a\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span></span>Other accrued energy income<span class=\"_ _1ef\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>234 <span class=\"_ _141\"> </span> <span class=\"_ _f5\"> </span>\u2014 <span class=\"_ _13e\"> </span></span> <span class=\"_ _104\"> </span>175 <span class=\"_ _8a\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span>Other accrued income<span class=\"_ _1f0\"> </span><span class=\"ff66\"> <span class=\"_ _9a\"> </span>90 <span class=\"_ _141\"> </span> <span class=\"_ _f5\"> </span>\u2014 <span class=\"_ _4d\"> </span></span>108<span class=\"_ _147\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span>Cash collateral posted<span class=\"_ _44\"> </span><span class=\"ff66\"> <span class=\"_ _1f1\"> </span>1,154 <span class=\"_ _141\"> </span> <span class=\"_ _b3\"> </span>\u2014 <span class=\"_ _2e\"> </span></span>888<span class=\"_ _147\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span>Supplier of Last Resort receivables<span class=\"_ _1f2\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>253 <span class=\"_ _141\"> </span> <span class=\"_ _1b9\"> </span>22 <span class=\"_ _4d\"> </span></span>124<span class=\"_ _8d\"> </span> <span class=\"_ _104\"> </span>110<span class=\"_ _2b7\"> </span>Government scheme receivables<span class=\"_ _1f3\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>284 <span class=\"_ _141\"> </span> <span class=\"_ _f5\"> </span>\u2014 <span class=\"_ _13e\"> </span></span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _8e\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span>Other receivables (including contract assets)<span class=\"_ _1f4\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>346 <span class=\"_ _141\"> </span> <span class=\"_ _1b9\"> </span>24 <span class=\"_ _4d\"> </span></span>209<span class=\"_ _117\"> </span>25 <span class=\"_ _1f1\"> </span>9,028 <span class=\"_ _141\"> </span> <span class=\"_ _1b9\"> </span>46 <span class=\"_ _48\"> </span><span class=\"ff6b\">6,322<span class=\"_ _5b\"> </span>135<span class=\"_ _2b7\"> </span></span>Less: provision for credit losses<span class=\"_ _1f5\"> </span><span class=\"ff66\"> <span class=\"_ _30\"> </span>(872) <span class=\"_ _106\"> </span> <span class=\"_ _b3\"> </span>\u2014 <span class=\"_ _13e\"> </span></span> <span class=\"_ _2c\"> </span>(633) <span class=\"_ _106\"> </span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _1f1\"> </span>8,156 <span class=\"_ _141\"> </span> <span class=\"_ _1b9\"> </span>46 <span class=\"_ _48\"> </span><span class=\"ff6b\">5,689<span class=\"_ _5b\"> </span>135<span class=\"_ _2b7\"> </span></span>Non-financial assets: prepayments, other receivables and costs to obtain or fulfil a contract<span class=\"_ _2b7\"> </span>with a customer <span class=\"_ _b4\"> </span>294 <span class=\"_ _141\"> </span> <span class=\"_ _1b9\"> </span>83 <span class=\"_ _4d\"> </span><span class=\"ff6b\">192<span class=\"_ _117\"> </span>98</span> <span class=\"_ _1f1\"> </span>8,450 <span class=\"_ _141\"> </span> <span class=\"_ _22\"> </span>129 <span class=\"_ _22\"> </span><span class=\"ff6b\">5,881<span class=\"_ _5b\"> </span>233<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _1b7\"> </span>Trading and energy procurement counterparty receivables are typically with customers with external, published credit ratings. Such receivables have typically much lower<span class=\"_ _2b7\"> </span>credit risk than downstream counterparties, are settled in a short period of time and expected credit losses are not significant.<span class=\"_ _2b7\"> </span>The amounts above include gross amounts receivable arising from the Group\u2019s IFR<span class=\"_ _b\"></span>S 15 contracts with customers of \u00a3<span class=\"_ _1\"></span>2,325 million<span class=\"_ _2b7\"> </span>(2021: \u00a31,419 million). Additionally, accrued income of \u00a31,371<span class=\"_ _1\"></span> million (2021: \u00a3797 million) arising under IFRS 15 contracts is included.<span class=\"_ _2b7\"> </span>Trade and other receivables include financial assets representing the contractual right to receive cash or other financial assets from<span class=\"_ _2b7\"> </span>residential customers, business customers and treasury, trading and energy procurement counterparties as follows:<span class=\"_ _2b7\"> </span>2022<span class=\"_ _cf\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>31 December<span class=\"_ _2b7\"> </span>Current<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Non-current<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Current<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Non-current<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Financial assets by business type:<span class=\"_ _2b7\"> </span>Residential customers<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _1f1\"> </span>2,755 <span class=\"_ _141\"> </span> <span class=\"_ _9a\"> </span>22 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,664 <span class=\"_ _141\"> </span> <span class=\"_ _104\"> </span>110<span class=\"_ _2b7\"> </span></span>Business customers <span class=\"_ _1f1\"> </span>1,750 <span class=\"_ _141\"> </span> <span class=\"_ _9a\"> </span>22 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,019 <span class=\"_ _141\"> </span> <span class=\"_ _2a\"> </span>21<span class=\"_ _2b7\"> </span></span>Treasury, trading and energy procurement counterparties <span class=\"_ _1f1\"> </span>4,523 <span class=\"_ _141\"> </span> <span class=\"_ _2e\"> </span>2 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>3,639 <span class=\"_ _8a\"> </span> <span class=\"_ _21\"> </span>4</span> <span class=\"_ _1f1\"> </span>9,028 <span class=\"_ _141\"> </span> <span class=\"_ _9a\"> </span>46 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>6,322 <span class=\"_ _141\"> </span> <span class=\"_ _104\"> </span>135<span class=\"_ _2b7\"> </span></span>Less: provision for credit losses <span class=\"_ _30\"> </span>(872) <span class=\"_ _106\"> </span> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(633) <span class=\"_ _106\"> </span> <span class=\"_ _51\"> </span>\u2014</span> <span class=\"_ _1f1\"> </span>8,156 <span class=\"_ _141\"> </span> <span class=\"_ _9a\"> </span>46 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>5,689 <span class=\"_ _141\"> </span> <span class=\"_ _104\"> </span>135<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _1b7\"> </span>Residential customers include current other receivables of \u00a3253 million (2021: \u00a3124 million) and non-current other receivables of \u00a322 million (2021: \u00a3110 million) in relation<span class=\"_ _2b7\"> </span>to SoLR claims, see note 3(a) for further details.<span class=\"_ _2b7\"> </span>17.<span class=\"_ _2b7\"> </span>Trade and other receivables and contract-related assets<span class=\"_ _2b7\"> </span>Credit loss charge for trade and other receivables<span class=\"_ _2b7\"> </span>The impairment charge in trade receivables is stated net of credits for the release of specific provisions made in previous years, which are<span class=\"_ _2b7\"> </span>no longer required. These relate primarily to residential and business customers in the UK. Movements in the provision for credit losses<span class=\"_ _1\"></span> by<span class=\"_ _2b7\"> </span>business type are as follows:<span class=\"_ _2b7\"> </span>2022<span class=\"_ _36\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>Residential<span class=\"_ _2b7\"> </span>customers<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Business<span class=\"_ _2b7\"> </span>customers<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Treasury,<span class=\"_ _2b7\"> </span>trading<span class=\"_ _2b7\"> </span>and energy<span class=\"_ _2b7\"> </span>procurement<span class=\"_ _2b7\"> </span>counterparties<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Residential<span class=\"_ _2b7\"> </span>customers<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Business<span class=\"_ _2b7\"> </span>customers<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Treasury,<span class=\"_ _2b7\"> </span>trading<span class=\"_ _2b7\"> </span>and energy<span class=\"_ _2b7\"> </span>procurement<span class=\"_ _2b7\"> </span>counterparties<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>1 January <span class=\"_ _d5\"> </span> <span class=\"_ _ee\"> </span>(426) <span class=\"_ _106\"> </span> <span class=\"_ _13\"> </span>(207) <span class=\"_ _8f\"> </span> <span class=\"_ _5d\"> </span>\u2014 <span class=\"_ _8a\"> </span><span class=\"ff66\"> <span class=\"_ _e2\"> </span>(633) <span class=\"_ _13e\"> </span></span> <span class=\"_ _13\"> </span>(400) <span class=\"_ _8f\"> </span> <span class=\"_ _13\"> </span>(187) <span class=\"_ _106\"> </span> <span class=\"_ _187\"> </span>(4) <span class=\"_ _106\"> </span> <span class=\"_ _75\"> </span>(591)<span class=\"_ _2b7\"> </span>Increase in impairment of trade receivables<span class=\"_ _2b7\"> </span>(predominantly related to credit impaired trade<span class=\"_ _2b7\"> </span>receivables)<span class=\"_ _2b7\"> </span>(i) (ii) (iii) <span class=\"_ _13\"> </span>(234) <span class=\"_ _8f\"> </span> <span class=\"_ _13\"> </span>(124) <span class=\"_ _8f\"> </span> <span class=\"_ _5d\"> </span>\u2014 <span class=\"_ _8a\"> </span><span class=\"ff66\"> <span class=\"_ _e2\"> </span>(358) <span class=\"_ _13e\"> </span></span> <span class=\"_ _82\"> </span>(84) <span class=\"_ _106\"> </span> <span class=\"_ _82\"> </span>(39) <span class=\"_ _8f\"> </span> <span class=\"_ _5d\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _75\"> </span>(123)<span class=\"_ _2b7\"> </span>Receivables written off<span class=\"_ _2b7\"> </span>(iv) <span class=\"_ _13f\"> </span>93 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>26 <span class=\"_ _130\"> </span><span class=\"ff66\"> <span class=\"_ _61\"> </span>119 <span class=\"_ _11c\"> </span></span> <span class=\"_ _13f\"> </span>58 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>19 <span class=\"_ _8a\"> </span> <span class=\"_ _55\"> </span>4 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>81<span class=\"_ _2b7\"> </span>31 December <span class=\"_ _138\"> </span><span class=\"ff6b fcf\"> <span class=\"_ _ee\"> </span>(567) <span class=\"_ _106\"> </span> <span class=\"_ _13\"> </span>(305) <span class=\"_ _106\"> </span> <span class=\"_ _5d\"> </span>\u2014 <span class=\"_ _8a\"> </span><span class=\"ff66\"> <span class=\"_ _e2\"> </span>(872) <span class=\"_ _13e\"> </span></span> <span class=\"_ _ee\"> </span>(426) <span class=\"_ _106\"> </span> <span class=\"_ _13\"> </span>(207) <span class=\"_ _8f\"> </span> <span class=\"_ _5d\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _75\"> </span>(633)<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _1b7\"> </span>Includes \u00a3348 million (2021: \u00a3107 million) of credit losses related to trade receivables resulting from contracts in the scope of IFRS 15.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>All loss allowances reflect the lifetime expected credit losses on trade receivables and contract assets.<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _141\"> </span>Excludes recovery of previously written-off receivables of \u00a37 million (2021: \u00a37 million). Due to the large number of individual receivables and the matrix approach<span class=\"_ _2b7\"> </span>employed, any reduction in provision is reflected in a reduced charge for the relevant period, rather than in separately identifiable reversals of previous provisions.<span class=\"_ _2b7\"> </span>(iv)<span class=\"_ _8a\"> </span>Materially all write-offs relate to trade receivables where enforcement activity is ongoing. The gross carrying value of write-offs related to trade receivables where<span class=\"_ _2b7\"> </span>enforcement activity is ongoing was \u00a3105 million (2021: \u00a388 million).<span class=\"_ _2b7\"> </span>Year ended 31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Increase in impairment provision for trade receivables (per above) <span class=\"_ _30\"> </span>(358) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(123)<span class=\"_ _2b7\"> </span></span>Less recovery of previously written-off receivables <span class=\"_ _4d\"> </span>7 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _21\"> </span>7<span class=\"_ _2b7\"> </span></span>Credit losses on financial assets (per Group Income Statement) <span class=\"_ _30\"> </span>(351) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(116)<span class=\"_ _2b7\"> </span></span>Enforcement activity continues in respect of balances that have been written off unless there are specific known circumstances (such as<span class=\"_ _2b7\"> </span>bankruptcy) that render further action futile.<span class=\"_ _2b7\"> </span>17.<span class=\"_ _13e\"> </span><span class=\"fc15\">Trade and other receivables and contract-related assets<span class=\"_ _2b7\"> </span></span>Credit loss charge for trade and other receivables<span class=\"_ _2b7\"> </span>Receivables from residential and business customers are generally considered to be credit impaired when the payment is past the<span class=\"_ _2b7\"> </span>contractual due date. The Group applies different definitions of default for different groups of customers, ranging from sixty days past<span class=\"_ _2b7\"> </span>the due date to six to twelve months from the issuance of a final bill. Receivables are generally written off only once a period of time has<span class=\"_ _2b7\"> </span>elapsed since the final bill. Contractual due dates range from falling due upon receipt to falling due in thirty days from receipt.<span class=\"_ _2b7\"> </span>The table below shows credit impaired balances in gross receivables (those that are past due) and those that are not yet due and<span class=\"_ _2b7\"> </span>therefore not considered to be credit impaired.<span class=\"_ _2b7\"> </span>Gross trade and other receivables<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _2b7\"> </span>Balances that are not past due <span class=\"_ _1f1\"> </span>7,414 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>5,155<span class=\"_ _2b7\"> </span></span>Balances that are past due<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _1f1\"> </span>1,614 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,167</span> <span class=\"_ _1f1\"> </span>9,028 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>6,322<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _1b7\"> </span>The majority of balances that are past due relate to residential and business customers, ageing of these receivables is included in the credit risk tables in the<span class=\"_ _2b7\"> </span>sections below.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>The prior year has been re-presented to reclassify \u00a3123 million of balances that are past due to balances that are not past due.<span class=\"_ _2b7\"> </span>The IFRS 9 impairment model is applicable to the Group\u2019s financial assets including trade receivables, contract assets and other financial<span class=\"_ _2b7\"> </span>assets using the simplified approach as described in note S3. <span class=\"_ _1\"></span>As the majority of the relevant balances are trade receivables and contract<span class=\"_ _2b7\"> </span>assets to which the simplified model applies, this disclosure focuses on these balances.<span class=\"_ _2b7\"> </span>The provision for credit losses for trade receivables and contract assets is based on an expected credit loss model that calculates the<span class=\"_ _2b7\"> </span>expected loss applicable to the receivable balance over its lifetime. Expected credit losses on receivables due from treasury, trading and<span class=\"_ _2b7\"> </span>energy procurement counterparties are not significant (see note S3 for further analys<span class=\"_ _b\"></span>is of this determination). For residential and<span class=\"_ _1\"></span> business<span class=\"_ _2b7\"> </span>customers default rates are calculated initially by considering historical loss experience and ap<span class=\"_ _1\"></span>plied to trade receivables within a provision<span class=\"_ _2b7\"> </span>matrix. The matrix approach allows application of different default rates to different groups of customers with similar characteristics. These<span class=\"_ _2b7\"> </span>groups are determined by a number of factors including; the nature of the customer, the payment method selected and, where relevant,<span class=\"_ _2b7\"> </span>the sector in which they operate. The characteristics used to determine the groupings of receivables are the factors that have the greatest<span class=\"_ _2b7\"> </span>impact on the likelihood of default. The rate of default increases once the balance is thirty days past due.<span class=\"_ _2b7\"> </span>Concentration of credit risk in trade and other receivables<span class=\"_ _2b7\"> </span>Treasury, trading and energy procurement counterparty receivables are typically with customers with external, published credit ratings.<span class=\"_ _2b7\"> </span>Such receivables have typically much lower credit risk than downstream counterparties, and that risk is assessed primarily by reference to<span class=\"_ _2b7\"> </span>the credit ratings rather than to the ageing of the relevant balance.<span class=\"_ _1\"></span> Counterparty credit rating information is given in note S3.<span class=\"_ _2b7\"> </span>In 2021, the Group was appointed as a Supplier of Last Resort to a number of energy suppliers who have ceased to trade and one further<span class=\"_ _2b7\"> </span>appointment was made in January 2022. Under Ofgem licence conditions, the Group is entitled to make a Last Resort Supplier Payment<span class=\"_ _2b7\"> </span>claim for incremental costs reasonably incurred to supply affected customers; a total of \u00a3275 million (2021: \u00a3234 million) has been<span class=\"_ _2b7\"> </span>recognised in other receivables at 31 December 2022. This is b<span class=\"_ _1\"></span>eing recovered as part of a two-step claim process. An initial levy claim,<span class=\"_ _2b7\"> </span>based on expected commodity costs, was submitted and approved by Ofgem in 2021, and is being settled in twelve monthly instalments<span class=\"_ _2b7\"> </span>ending in April 2023. A second claim, truing up the initial claim to reflect both actual costs incurred and customer credit balances was<span class=\"_ _2b7\"> </span>submitted to Ofgem and approved in December 2022. The second claim will be recovered between April 2023 and April 2024. The claims<span class=\"_ _2b7\"> </span>are settled by network operators, to whom the Group separately pays transmission and distribution charges. The risk of default is<span class=\"_ _2b7\"> </span>considered low. In addition, Ofgem has the power under licensing conditions to take enforcement action against default in accordance<span class=\"_ _2b7\"> </span>with its statutory duties and its enforcement guidelines.<span class=\"_ _2b7\"> </span>The Group\u2019s cash collateral balance has increased to \u00a31,154 million in <span class=\"_ _1\"></span>2022 (2021: \u00a3888 million) as a result of higher commodity prices.<span class=\"_ _2b7\"> </span>Collateral counterparties typically have strong credit ratings<span class=\"_ _1\"></span> and accordingly have low credit risk; the Group does not expect credit losses<span class=\"_ _2b7\"> </span>to arise on these balances. See note S3.<span class=\"_ _2b7\"> </span>The majority of the Group\u2019s credit exposure arises in the British Gas Energy and Centrica Business Solutions segments and relates to<span class=\"_ _2b7\"> </span>residential and business energy customers. The credit risk associated with these customers is assessed as described ab<span class=\"_ _1\"></span>ove, using a<span class=\"_ _2b7\"> </span>combination of the age of the receivable in question, internal ratings based on a customer\u2019s payment history, and external data from credit<span class=\"_ _2b7\"> </span>rating agencies and wider macroeconomic information. The disclosures below reflect the information that is reported internally for credit<span class=\"_ _2b7\"> </span>risk management purposes in these segments.<span class=\"_ _2b7\"> </span>17.<span class=\"_ _13e\"> </span>Trade and other receivables and contract-related assets<span class=\"_ _2b7\"> </span>British Gas Energy credit risk<span class=\"_ _2b7\"> </span>Of the Group total of \u00a32,207 million (2021: \u00a31,546 million) billed trade receivables, the British Gas Energy reporting segment contributes<span class=\"_ _2b7\"> </span>\u00a31,531 million (2021: \u00a31,033 million). British Gas Energy now includes small business customers on the basis that their profile closely<span class=\"_ _2b7\"> </span>matches those of residential customers. As described above, credit risk is concentrated in receivables from energy customers who pay<span class=\"_ _2b7\"> </span>in arrears. Gross receivables from British Gas Energy residential customers amount to \u00a3992 million (2021: \u00a3601 million) and are<span class=\"_ _2b7\"> </span>analysed below.<span class=\"_ _2b7\"> </span>Trade receivables due<span class=\"_ _2b7\"> </span>from British Gas<span class=\"_ _2b7\"> </span>residential energy<span class=\"_ _2b7\"> </span>customers as at<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>Days beyond invoice date<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _2b7\"> </span>&lt;30 days<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>30-90 days<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>&gt;90 days<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Percentage<span class=\"_ _2b7\"> </span>of credit risk<span class=\"_ _2b7\"> </span>&lt;30 days<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>30-90 days<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>&gt;90 days<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Percentage<span class=\"_ _2b7\"> </span>of credit risk<span class=\"_ _2b7\"> </span>Risk profile<span class=\"_ _2b7\"> </span>Direct debits<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _2b7\"> </span>Gross receivables<span class=\"_ _8\"> </span> <span class=\"_ _b9\"> </span>216 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>51 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>66 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>333 <span class=\"_ _6b\"> </span></span> <span class=\"_ _13f\"> </span>55 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>28 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>53 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>136<span class=\"_ _2b7\"> </span>Provision<span class=\"_ _eb\"> </span> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _7c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _54\"> </span>(23) <span class=\"_ _6\"> </span><span class=\"ff66\"> <span class=\"_ _17b\"> </span>(23) <span class=\"_ _c4\"> </span></span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _a0\"> </span>(2) <span class=\"_ _8f\"> </span> <span class=\"_ _a0\"> </span>(2)<span class=\"_ _2b7\"> </span>Net<span class=\"_ _d7\"> </span> <span class=\"_ _b9\"> </span>216 <span class=\"_ _141\"> </span> <span class=\"_ _68\"> </span>51 <span class=\"_ _9e\"> </span> <span class=\"_ _68\"> </span>43 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>310 <span class=\"_ _2c\"> </span> <span class=\"_ _90\"></span>7% <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _13f\"> </span>55 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>28 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>51 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>134 <span class=\"_ _26\"> </span> <span class=\"_ _90\"></span>1%<span class=\"_ _2b7\"> </span></span></span>Payment on receipt of bill<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _2b7\"> </span>Gross receivables<span class=\"_ _8\"> </span> <span class=\"_ _b9\"> </span>118 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>54 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>286 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _b9\"> </span>458 <span class=\"_ _130\"> </span></span> <span class=\"_ _4c\"> </span>87 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>22 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>194 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>303<span class=\"_ _2b7\"> </span>Provision<span class=\"_ _eb\"> </span> <span class=\"_ _10c\"> </span>(4) <span class=\"_ _6\"> </span> <span class=\"_ _146\"> </span>(7) <span class=\"_ _106\"> </span> <span class=\"_ _ee\"> </span>(180) <span class=\"_ _6\"> </span><span class=\"ff66\"> <span class=\"_ _61\"> </span>(191) <span class=\"_ _c4\"> </span></span> <span class=\"_ _a0\"> </span>(3) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(4) <span class=\"_ _106\"> </span> <span class=\"_ _13\"> </span>(102) <span class=\"_ _8f\"> </span> <span class=\"_ _13\"> </span>(109)<span class=\"_ _2b7\"> </span>Net<span class=\"_ _d7\"> </span> <span class=\"_ _b9\"> </span>114 <span class=\"_ _141\"> </span> <span class=\"_ _68\"> </span>47 <span class=\"_ _9e\"> </span> <span class=\"_ _14d\"> </span>106 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>267 <span class=\"_ _47\"> </span> <span class=\"_ _4\"></span>42% <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _4c\"> </span>84 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>18 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>92 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>194 <span class=\"_ _81\"> </span> <span class=\"_ _90\"></span>36%<span class=\"_ _2b7\"> </span></span></span>Final bills<span class=\"_ _2b7\"> </span>(iv)<span class=\"_ _2b7\"> </span>Gross receivables<span class=\"_ _8\"> </span> <span class=\"_ _13f\"> </span>12 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>13 <span class=\"_ _141\"> </span> <span class=\"_ _14d\"> </span>176 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>201 <span class=\"_ _6b\"> </span></span> <span class=\"_ _8\"> </span>7 <span class=\"_ _8a\"> </span> <span class=\"_ _f4\"> </span>8 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>147 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>162<span class=\"_ _2b7\"> </span>Provision<span class=\"_ _eb\"> </span> <span class=\"_ _10c\"> </span>(3) <span class=\"_ _6\"> </span> <span class=\"_ _146\"> </span>(6) <span class=\"_ _106\"> </span> <span class=\"_ _ee\"> </span>(140) <span class=\"_ _6\"> </span><span class=\"ff66\"> <span class=\"_ _61\"> </span>(149) <span class=\"_ _c4\"> </span></span> <span class=\"_ _a0\"> </span>(2) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(4) <span class=\"_ _106\"> </span> <span class=\"_ _13\"> </span>(122) <span class=\"_ _8f\"> </span> <span class=\"_ _13\"> </span>(128)<span class=\"_ _2b7\"> </span>Net<span class=\"_ _d7\"> </span> <span class=\"_ _109\"> </span>9 <span class=\"_ _9e\"> </span> <span class=\"_ _109\"> </span>7 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>36 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _13f\"> </span>52 <span class=\"_ _81\"> </span> <span class=\"_ _90\"></span>74% <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _8\"> </span>5 <span class=\"_ _8a\"> </span> <span class=\"_ _f4\"> </span>4 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>25 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>34 <span class=\"_ _81\"> </span> <span class=\"_ _90\"></span>79%<span class=\"_ _2b7\"> </span></span></span>Total net British Gas<span class=\"_ _2b7\"> </span>residential energy<span class=\"_ _2b7\"> </span>customers trade<span class=\"_ _2b7\"> </span>receivables<span class=\"_ _fb\"> </span><span class=\"fcf\"> <span class=\"_ _b9\"> </span>339 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>105 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>185 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>629 <span class=\"_ _81\"> </span> <span class=\"_ _4\"></span>37% <span class=\"_ _a9\"> </span><span class=\"ff6b\"> <span class=\"_ _b9\"> </span>144 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>50 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>168 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>362 <span class=\"_ _47\"> </span> <span class=\"_ _4\"></span>40%<span class=\"_ _2b7\"> </span></span></span>(i)<span class=\"_ _1b7\"> </span>The receivables information presented in this table relates to downstream customers who pay energy bills using the methods presented. It excludes low residual credit<span class=\"_ _2b7\"> </span>risk amounts, such as balances in the process of recovery through pay-as-you-go energy (PAYGE) arrangements and amounts receivable from PAYGE energy vendors.<span class=\"_ _2b7\"> </span>Gross amounts in the process of recovery through PAYGE arrangements at 31 December 2022<span class=\"_ _1\"></span> are \u00a3203 million (2021: \u00a3201 million), against which a provision of<span class=\"_ _2b7\"> </span>\u00a3138 million is held (2021: \u00a3136 million).<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>This ageing analysis is presented relative to invoicing date and presents receivables according to the oldest invoice outstanding with the customer. There are a <span class=\"_ _b\"></span>range of<span class=\"_ _2b7\"> </span>payment terms extended to residential energy customers. Amounts paid on receipt of a bill (PORB), which are settled using bank transfers, cash or <span class=\"_ _b\"></span>cheques are typically<span class=\"_ _2b7\"> </span>due within fourteen days of invoicing. Direct debit customers typically pay in equal instalments over a twelve-month period.<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _141\"> </span>Receivables settled by direct debit are deemed to present a lower credit risk than PORB amounts. This is reflected in the relative level of provision held for these types of<span class=\"_ _2b7\"> </span>receivables.<span class=\"_ _2b7\"> </span>(iv)<span class=\"_ _8a\"> </span>Final bill customers are those who are no longer customers of the Group and have switched energy supplier. These balances are deemed to have the highest credit risk.<span class=\"_ _2b7\"> </span>17.<span class=\"_ _13e\"> </span>Trade and other receivables and contract-related assets<span class=\"_ _2b7\"> </span>Gross receivables from British Gas Energy small business customers amount to \u00a3336 million (2021: \u00a3232 million) and are analysed below.<span class=\"_ _2b7\"> </span>Trade receivables due<span class=\"_ _2b7\"> </span>from British Gas small<span class=\"_ _2b7\"> </span>business energy<span class=\"_ _2b7\"> </span>customers as at<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _1f7\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>Days beyond invoice date<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>&lt;30 days<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>30-90 days<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>&gt;90 days<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Percentage<span class=\"_ _2b7\"> </span>of credit risk<span class=\"_ _2b7\"> </span>&lt;30 days<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>30-90 days<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>&gt;90 days<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Percentage<span class=\"_ _2b7\"> </span>of credit risk<span class=\"_ _2b7\"> </span>Risk profile<span class=\"_ _2b7\"> </span>Small businesses<span class=\"_ _2b7\"> </span>Gross receivables<span class=\"_ _d2\"> </span>64<span class=\"_ _9a\"> </span>21<span class=\"_ _104\"> </span>251<span class=\"_ _104\"> </span><span class=\"ff66\">336<span class=\"_ _1f8\"> </span></span>48<span class=\"_ _9a\"> </span>18<span class=\"_ _104\"> </span>166<span class=\"_ _104\"> </span>232<span class=\"_ _2b7\"> </span>Provision<span class=\"_ _eb\"> </span> <span class=\"_ _146\"> </span>(1) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(2) <span class=\"_ _106\"> </span> <span class=\"_ _13\"> </span>(191) <span class=\"_ _8f\"> </span><span class=\"ff66\"> <span class=\"_ _ee\"> </span>(194) <span class=\"_ _c4\"> </span></span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _a0\"> </span>(1) <span class=\"_ _8f\"> </span> <span class=\"_ _13\"> </span>(128) <span class=\"_ _8f\"> </span> <span class=\"_ _13\"> </span>(129)<span class=\"_ _2b7\"> </span>Total net British Gas<span class=\"_ _2b7\"> </span>small business energy<span class=\"_ _2b7\"> </span>customers trade<span class=\"_ _2b7\"> </span>receivables<span class=\"_ _1b4\"> </span><span class=\"fcf\">63<span class=\"_ _9a\"> </span>19<span class=\"_ _2a\"> </span>60<span class=\"_ _b4\"> </span>142<span class=\"_ _86\"> </span> <span class=\"_ _4\"></span>58% <span class=\"_ _b3\"> </span><span class=\"ff6b\">48<span class=\"_ _2a\"> </span>17<span class=\"_ _2a\"> </span>38<span class=\"_ _b4\"> </span>103<span class=\"_ _86\"> </span> <span class=\"_ _90\"></span>56%<span class=\"_ _2b7\"> </span></span></span>(i)<span class=\"_ _1b7\"> </span>This ageing analysis is presented relative to invoicing date and presents receivables according to the oldest invoice outstanding with the customer. There are a range of<span class=\"_ _2b7\"> </span>payment terms extended to business energy customers. Average credit terms for small business customers are ten working days.<span class=\"_ _2b7\"> </span>Unbilled downstream energy income at 31 December 2022 includes gross<span class=\"_ _1\"></span> balances of \u00a3880 million in respect of British Gas energy<span class=\"_ _2b7\"> </span>customers (2021: \u00a3535 million), against which a provision of \u00a336 million is held (<span class=\"_ _1\"></span>2021: \u00a321 million).<span class=\"_ _2b7\"> </span>Centrica Business Solutions energy credit risk<span class=\"_ _2b7\"> </span>Of the Group total of \u00a32,207 million (2021: \u00a31,546 million) billed trade receivables, the Centrica Business Solutions reporting segment<span class=\"_ _2b7\"> </span>contributes \u00a3390 million (2021: \u00a3299 million). As described above, credit risk is concentrated in receivables from business energy<span class=\"_ _2b7\"> </span>customers who pay in arrears, the remaining balances being immaterial in disaggregation. Gross receivables from these customers<span class=\"_ _2b7\"> </span>amount to \u00a3346 million (2021: \u00a3251 million) and are analysed below.<span class=\"_ _2b7\"> </span>Trade receivables due<span class=\"_ _2b7\"> </span>from Centrica Business<span class=\"_ _2b7\"> </span>Solutions business energy<span class=\"_ _2b7\"> </span>customers as at<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _197\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>Days beyond invoice date<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>&lt;30 days<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>30-90 days<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>&gt;90 days<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Percentage<span class=\"_ _2b7\"> </span>of credit risk<span class=\"_ _2b7\"> </span>&lt;30 days<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>30-90 days<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>&gt;90 days<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Percentage<span class=\"_ _2b7\"> </span>of credit risk<span class=\"_ _2b7\"> </span>Risk profile<span class=\"_ _2b7\"> </span>Commercial and industrial<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _2b7\"> </span>Gross receivables<span class=\"_ _1f9\"> </span>170<span class=\"_ _2e\"> </span>9<span class=\"_ _2a\"> </span>31<span class=\"_ _b4\"> </span><span class=\"ff66\">210<span class=\"_ _12f\"> </span></span>116<span class=\"_ _4d\"> </span>3<span class=\"_ _2a\"> </span>47<span class=\"_ _b4\"> </span>166<span class=\"_ _2b7\"> </span>Provision<span class=\"_ _ec\"> </span> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _82\"> </span>(15) <span class=\"_ _106\"> </span><span class=\"ff66\"> <span class=\"_ _17b\"> </span>(15) <span class=\"_ _c4\"> </span></span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _82\"> </span>(18) <span class=\"_ _106\"> </span> <span class=\"_ _82\"> </span>(18)<span class=\"_ _2b7\"> </span>Net<span class=\"_ _59\"> </span>170<span class=\"_ _4d\"> </span>9<span class=\"_ _2a\"> </span>16<span class=\"_ _b4\"> </span><span class=\"ff66\">195<span class=\"_ _b4\"> </span> <span class=\"_ _90\"></span>7% <span class=\"_ _50\"> </span><span class=\"ff6b\">116<span class=\"_ _2e\"> </span>3<span class=\"_ _2a\"> </span>29<span class=\"_ _b4\"> </span>148<span class=\"_ _77\"> </span> <span class=\"_ _4\"></span>11%<span class=\"_ _2b7\"> </span></span></span>Medium-sized entities (ME)<span class=\"_ _2b7\"> </span>Gross receivables<span class=\"_ _1fa\"> </span>47<span class=\"_ _9a\"> </span>15<span class=\"_ _2a\"> </span>74<span class=\"_ _b4\"> </span><span class=\"ff66\">136<span class=\"_ _1f8\"> </span></span>22<span class=\"_ _21\"> </span>7<span class=\"_ _9a\"> </span>56<span class=\"_ _2a\"> </span>85<span class=\"_ _2b7\"> </span>Provision<span class=\"_ _ec\"> </span> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _82\"> </span>(49) <span class=\"_ _106\"> </span><span class=\"ff66\"> <span class=\"_ _17b\"> </span>(49) <span class=\"_ _c4\"> </span></span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _82\"> </span>(36) <span class=\"_ _106\"> </span> <span class=\"_ _82\"> </span>(36)<span class=\"_ _2b7\"> </span>Net<span class=\"_ _1fb\"> </span>47<span class=\"_ _9a\"> </span>15<span class=\"_ _2a\"> </span>25<span class=\"_ _9a\"> </span><span class=\"ff66\">87<span class=\"_ _86\"> </span> <span class=\"_ _90\"></span>36% <span class=\"_ _b3\"> </span><span class=\"ff6b\">22<span class=\"_ _2e\"> </span>7<span class=\"_ _2a\"> </span>20<span class=\"_ _9a\"> </span>49<span class=\"_ _77\"> </span> <span class=\"_ _4\"></span>42%<span class=\"_ _2b7\"> </span></span></span>Total net Centrica<span class=\"_ _2b7\"> </span>Business Solutions<span class=\"_ _2b7\"> </span>business energy<span class=\"_ _2b7\"> </span>customers trade<span class=\"_ _2b7\"> </span>receivables<span class=\"_ _1fc\"> </span><span class=\"fcf\">217<span class=\"_ _9a\"> </span>24<span class=\"_ _2a\"> </span>41<span class=\"_ _b4\"> </span>282<span class=\"_ _86\"> </span> <span class=\"_ _90\"></span>18% <span class=\"_ _187\"> </span><span class=\"ff6b\">138<span class=\"_ _2a\"> </span>10<span class=\"_ _9a\"> </span>49<span class=\"_ _104\"> </span>197<span class=\"_ _77\"> </span> <span class=\"_ _4\"></span>22%<span class=\"_ _2b7\"> </span></span></span>(i)<span class=\"_ _1b7\"> </span>This ageing analysis is presented relative to invoicing date and presents receivables according to the oldest invoice outstanding with the customer. There are a range of<span class=\"_ _2b7\"> </span>payment terms extended to business energy customers. Average credit terms for ME customers are ten working days. Credit terms for Commercial and Industrial<span class=\"_ _2b7\"> </span>customers are bespoke and are set based on the commercial agreement with each customer.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>This category includes low credit risk receivables, including those from public sector and customers with high turnover (greater than \u00a3100 million).<span class=\"_ _2b7\"> </span>Unbilled downstream energy income at 31 December 2022 includes gross<span class=\"_ _1\"></span> balances of \u00a3349 million in respect of Centrica Business<span class=\"_ _2b7\"> </span>Solutions business energy customers (2021: \u00a3193 million), against w<span class=\"_ _b\"></span>hich a provision of \u00a314 million is held (2021<span class=\"_ _1\"></span>: \u00a35 million).<span class=\"_ _2b7\"> </span>The remaining reporting segments which are not shown above are not considered to have material credit risk.<span class=\"_ _2b7\"> </span>17.<span class=\"_ _13e\"> </span><span class=\"fc15\">Trade and other receivables and contract-related assets<span class=\"_ _2b7\"> </span></span>Sensitivity to changes in assumptions<span class=\"_ _2b7\"> </span>Typically, the most significant assumption included within the expected credit loss provisioning model that gives rise to estimation<span class=\"_ _2b7\"> </span>uncertainty is that future performance will be reflective of past performance and that there will be no significant change in the payment<span class=\"_ _2b7\"> </span>profile or recovery rates within each identified group of receivables. To address this risk, the Group reviews and updates default rates,<span class=\"_ _2b7\"> </span>by group, on a regular basis to ensure they incorporate the most up to date assumptions along with forward-looking information where<span class=\"_ _2b7\"> </span>available and relevant. The Group also considers regulatory changes and customer segment specific factors that may have an impact,<span class=\"_ _2b7\"> </span>now or in the future, on the recoverability of the balance.<span class=\"_ _2b7\"> </span>The specific consideration of forward-looking information in the impairment model does not usually give rise to significant changes in the<span class=\"_ _2b7\"> </span>levels of credit losses. However, inflationary pressures and<span class=\"_ _1\"></span> increasing wholesale gas and electricity costs continue to cause uncertainty in<span class=\"_ _2b7\"> </span>economic outlook. The economic recovery remains vulnerable and there remains a level of estimation uncertainty inherent in determining<span class=\"_ _2b7\"> </span>credit loss provisions for the Group\u2019s trade receivables.<span class=\"_ _2b7\"> </span>Where customers experience difficulties in settling balances, the increased ageing of these amounts results in an increase in provisions<span class=\"_ _2b7\"> </span>held in respect of them under the provision matrix approach employed. The Group has also considered changes in customer payment<span class=\"_ _2b7\"> </span>patterns, the specific circumstances of the customers and the economic impacts of the factors identified above, on the sectors in which<span class=\"_ _2b7\"> </span>they operate. Whilst economic recovery is expected, a level of unpredictability remains apparent.<span class=\"_ _2b7\"> </span>Customers are facing increases in their cost of living, including increased energy bills, higher inflation and higher interest rates. The Group<span class=\"_ _2b7\"> </span>has considered macroeconomic forecasts and sensitivities, as well as disposable income analysis from a credit rating agency, to model<span class=\"_ _2b7\"> </span>and determine the level of provisions for credit losses.<span class=\"_ _2b7\"> </span>During 2022 the Group recognised impairment charges of \u00a3<span class=\"_ _b\"></span>351 million (2021: \u00a3116 million) in respect of financial assets, representing<span class=\"_ _2b7\"> </span>1.5% of Group revenue (2021: 0.8%) and 1.0% of Group revenue from bus<span class=\"_ _1\"></span>iness performance (2021: 0.6%). As described above, the<span class=\"_ _2b7\"> </span>majority of the Group\u2019s credit exposure arises in respect of downstream energy receivables in British Gas Energy and Centrica Business<span class=\"_ _2b7\"> </span>Services. Credit losses in respect of these assets amounted to \u00a3331 million (<span class=\"_ _1\"></span>2021: \u00a3104 million). This represents 2.1% (2021: 1.1%)<span class=\"_ _2b7\"> </span>of total UK downstream energy supply revenue from these segments of \u00a31<span class=\"_ _1\"></span>5,814 million (2021: \u00a39,162 million). Further details of<span class=\"_ _2b7\"> </span>segmental revenue are provided in note 4.<span class=\"_ _2b7\"> </span>Due to the different level of risks presented by billed and unbilled receivables, these asset groups are considered separately in the<span class=\"_ _2b7\"> </span>analysis below.<span class=\"_ _2b7\"> </span>Billed trade receivables<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Trade receivables (i) <span class=\"_ _1f1\"> </span>2,207 <span class=\"_ _81\"> </span>1,546<span class=\"_ _2b7\"> </span>Provision <span class=\"_ _30\"> </span>(822) <span class=\"_ _2c\"> </span>(607)<span class=\"_ _2b7\"> </span>Net balance <span class=\"_ _1f1\"> </span>1,385<span class=\"_ _2b7\"> </span>939<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>Provision coverage<span class=\"_ _2b7\"> </span>37<span class=\"_ _2b7\"> </span>39<span class=\"_ _2b7\"> </span>Sensitivity<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Impact on billed receivables/operating profit from 1 percentage point (incre<span class=\"_ _1\"></span>ase)/decrease in provision coverage<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _2b7\"> </span>(22)/22<span class=\"_ _2b7\"> </span>(16)/16<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _1b7\"> </span>Excludes the Government receivables under the Energy Price Guarantee (EPG) and Energy Bill Relief Scheme (EBRS) schemes of \u00a3284 million (2021: \u00a3nil) which are not<span class=\"_ _2b7\"> </span>provided for.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>Credit risk in the Group is impacted by a large number of interacting factors.<span class=\"_ _2b7\"> </span>17.<span class=\"_ _13e\"> </span>Trade and other receivables and contract-related assets<span class=\"_ _2b7\"> </span>Cash collection relative to billing has marginally deteriorated throughout the second half of 2022, driven by higher customer billings and<span class=\"_ _2b7\"> </span>credit terms having a lagged impact on conversion. Despite overall billed debt levels increasing significantly, the recovery rates are not<span class=\"_ _2b7\"> </span>showing significant decline and provision rates for customers in the Group\u2019s downstream operations have fallen slightly. The drop in<span class=\"_ _2b7\"> </span>provision rates is driven by the mix of customer debt, including a higher proportion of direct debit debt and payment on receipt of bills<span class=\"_ _2b7\"> </span>debt in residential which are considered lower risk and attract a lower rate of bad debt provision.<span class=\"_ _2b7\"> </span>The macroeconomic environment, however, remains challenging with higher inflation, higher interest rates, lower growth projections and<span class=\"_ _2b7\"> </span>more limited government support measures. There remains significant uncertainty around the possible increase in bad debt as a result of<span class=\"_ _2b7\"> </span>these factors. Also leading debt indicators including the number of new customers going into debt, insolvency volumes in business and<span class=\"_ _2b7\"> </span>direct debit cancellation rates in residential have deteriorated during 2022. High commodity prices and the delayed impact on customer<span class=\"_ _2b7\"> </span>payments (including the recent changes in the residential price cap levels), have not yet been fully reflected in the underlying matrix<span class=\"_ _2b7\"> </span>output model used to record provision coverage. Therefore, as part of management\u2019s assessment of adequacy of bad debt provisions,<span class=\"_ _2b7\"> </span>a \u00a395 million increase to the macroeconomic provision has been recorded, the provision now totals \u00a3125 million across billed and unbilled<span class=\"_ _2b7\"> </span>debt and is included in the tables both above and below (2021: \u00a330 million). Management considers the impact <span class=\"_ _1\"></span>of specific cohorts of<span class=\"_ _2b7\"> </span>customers when making this assessment, recognising the different credit terms and different risk profiles that exist. This assessment also<span class=\"_ _2b7\"> </span>utilises a range of factors, both internal and external, historic and forward-looking, and considers the sensitivities of these to help<span class=\"_ _2b7\"> </span>management estimate the likely recovery of debt.<span class=\"_ _2b7\"> </span>It remains uncertain as to when and how these factors will reduce the collectability of debt and at what scale. The impact of future<span class=\"_ _2b7\"> </span>changes in commodity prices and government intervention, including for the Energy Price Guarantee (EPG) and the <span class=\"_ _1\"></span>Energy Bill Relief<span class=\"_ _2b7\"> </span>Scheme (EBRS), may also impact this. The table above and the unbilled section below provide details of the sensitivity of moving the<span class=\"_ _2b7\"> </span>debt provision by a further 1%.<span class=\"_ _2b7\"> </span>The Group\u2019s services, upstream and trading operations<span class=\"_ _1\"></span> are less susceptible to credit risk. No significant deterioration of credit risk has<span class=\"_ _2b7\"> </span>been experienced or is expected in the relevant segments in respect of billed trade receivables recognised at 31 December 2022, taking<span class=\"_ _2b7\"> </span>into account cash collection cycles in those areas of the Group and credit rating information<span class=\"_ _1\"></span> (see note S3).<span class=\"_ _2b7\"> </span>Unbilled downstream energy income<span class=\"_ _2b7\"> </span>The table below shows the IFRS 15 unbilled downstream energy income for the Group as a whole.<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Gross unbilled receivables <span class=\"_ _1f1\"> </span>1,281<span class=\"_ _2b7\"> </span>726<span class=\"_ _2b7\"> </span>Provision <span class=\"_ _48\"> </span>(50) <span class=\"_ _31\"> </span>(26)<span class=\"_ _2b7\"> </span>Net balance <span class=\"_ _1f1\"> </span>1,231<span class=\"_ _2b7\"> </span>700<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>Provision coverage<span class=\"_ _2b7\"> </span>4<span class=\"_ _2b7\"> </span>4<span class=\"_ _2b7\"> </span>Sensitivity<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Impact on unbilled receivables/operating profit from 1 percentage point (incre<span class=\"_ _1\"></span>ase)/decrease in provision coverage<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>(13)/13<span class=\"_ _2b7\"> </span>(7)/7<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _1b7\"> </span>Credit risk in the Group is impacted by a large number of interacting factors.<span class=\"_ _2b7\"> </span>Unbilled downstream energy income is typically provided at a significantly lower rate than billed debt. This is because a large proportion of<span class=\"_ _2b7\"> </span>this debt once billed will be subject to the very short cash collection cycles of the Group\u2019s downstream energy supply businesses.<span class=\"_ _2b7\"> </span>18.Inventories<span class=\"_ _2b7\"> </span>Inventories represent assets that we intend to use in future periods, either by selling the asset itself (for example gas in<span class=\"_ _2b7\"> </span>storage) or by using it to provide a service to a customer.<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Gas in storage and transportation<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _1f1\"> </span>1,076 <span class=\"_ _104\"> </span>486<span class=\"_ _2b7\"> </span>Other raw materials and consumables <span class=\"_ _b4\"> </span>114 <span class=\"_ _2a\"> </span>99<span class=\"_ _2b7\"> </span>Finished goods and goods for resale <span class=\"_ _9a\"> </span>79 <span class=\"_ _2a\"> </span>59 <span class=\"_ _1f1\"> </span>1,269 <span class=\"_ _104\"> </span>644<span class=\"_ _2b7\"> </span>(i) Includes gas in storage held at fair value of \u00a3539 million (2021: <span class=\"_ _b\"></span>\u00a3331 million).<span class=\"_ _2b7\"> </span>The Group consumed \u00a33,508 million of inventories (2021: \u00a3560 million)<span class=\"_ _1\"></span> during the year. Write-downs amounting to \u00a36 million<span class=\"_ _2b7\"> </span>(2021: \u00a323 million) were charged to the Group Income Statement in the year. <span class=\"_ _1\"></span>Reversals of write-downs amounted to \u00a39 million (2021: \u00a3nil)<span class=\"_ _2b7\"> </span>during the year.<span class=\"_ _2b7\"> </span>19.<span class=\"_ _13e\"> </span>Derivative financial instruments<span class=\"_ _2b7\"> </span>The Group generally uses derivative financial instruments to manage the risk arising from fluctuations in the value<span class=\"_ _1\"></span> of certain assets or liabilities<span class=\"_ _2b7\"> </span>associated with treasury management and energy sales and procurement, and for<span class=\"_ _1\"></span> proprietary energy trading purposes. The Group also uses<span class=\"_ _2b7\"> </span>derivatives to hedge exchange risk.<span class=\"_ _2b7\"> </span>For accounting purposes, derivatives are either classified as held for trading, in which case<span class=\"_ _1\"></span> changes in their fair value are recognised in the Group<span class=\"_ _2b7\"> </span>Income Statement, or they are designated in hedging relationships. Where derivatives are<span class=\"_ _1\"></span> in hedging relationships, the treatment of changes in<span class=\"_ _2b7\"> </span>their fair value depends on the nature of that relationship, and whether it represents a fair<span class=\"_ _1\"></span> value hedge, a cash flow hedge, or a net investment<span class=\"_ _2b7\"> </span>hedge. Note S5 provides further detail on the Group\u2019s hedge accounting. The table below gives a high-leve<span class=\"_ _1\"></span>l summary of the Group\u2019s accounting<span class=\"_ _2b7\"> </span>for its derivative contracts.<span class=\"_ _2b7\"> </span>Purpose<span class=\"_ _115\"> </span>Classification<span class=\"_ _58\"> </span>Accounting treatment<span class=\"_ _2b7\"> </span>Proprietary energy trading and<span class=\"_ _2b7\"> </span>treasury management.<span class=\"_ _2b7\"> </span>Held for trading and fair<span class=\"_ _2b7\"> </span>value hedges.<span class=\"_ _2b7\"> </span>Changes in fair value recognised in the Group\u2019s business performance results for the<span class=\"_ _2b7\"> </span>year.<span class=\"_ _2b7\"> </span>Treasury management and<span class=\"_ _2b7\"> </span>hedging of exchange risk on net<span class=\"_ _2b7\"> </span>assets of US dollar Direct<span class=\"_ _2b7\"> </span>Energy subsidiaries up to date<span class=\"_ _2b7\"> </span>of disposal in 2021.<span class=\"_ _2b7\"> </span>Cash flow and net<span class=\"_ _2b7\"> </span>investment hedges.<span class=\"_ _2b7\"> </span>Effective portion of hedge initially recognised in the Group Statement of Other<span class=\"_ _2b7\"> </span>Comprehensive Income. Gains and losses are recycled to the Group Income Statement<span class=\"_ _2b7\"> </span>when the hedged item impacts profit or loss. Ineffective portions of the hedge are<span class=\"_ _2b7\"> </span>recognised immediately in the Group\u2019s business performance results for the year.<span class=\"_ _2b7\"> </span>Energy procurement and<span class=\"_ _2b7\"> </span>optimisation.<span class=\"_ _2b7\"> </span>Held for trading.<span class=\"_ _9a\"> </span>Changes in fair value recognised in the Group\u2019s exceptional items and certain<span class=\"_ _2b7\"> </span>re-measurements results for the year.<span class=\"_ _2b7\"> </span>The carrying values of derivative financial instruments by product type for accounting purposes are as follows:<span class=\"_ _2b7\"> </span>2022<span class=\"_ _cf\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>31 December<span class=\"_ _2b7\"> </span>Assets<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Liabilities<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Assets<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Liabilities<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Derivative financial instruments \u2013 held for trading under IFRS 9:<span class=\"_ _2b7\"> </span>Energy derivatives \u2013 for procurement/optimisation<span class=\"_ _177\"> </span><span class=\"ff66\"> <span class=\"_ _4a\"> </span>1,723 <span class=\"_ _141\"> </span> <span class=\"_ _7e\"> </span>(5,400) <span class=\"_ _13e\"> </span></span> <span class=\"_ _47\"> </span>3,611 <span class=\"_ _8a\"> </span> <span class=\"_ _14d\"> </span>(2,203)<span class=\"_ _2b7\"> </span>Energy derivatives \u2013 for proprietary trading<span class=\"_ _11d\"> </span><span class=\"ff66\"> <span class=\"_ _1f1\"> </span>5,355 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>(4,256) <span class=\"_ _13e\"> </span></span> <span class=\"_ _81\"> </span>3,775 <span class=\"_ _8a\"> </span> <span class=\"_ _14d\"> </span>(3,749)<span class=\"_ _2b7\"> </span>Interest rate derivatives<span class=\"_ _173\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _f6\"> </span></span>4<span class=\"_ _147\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span>Foreign exchange derivatives<span class=\"_ _1fd\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>275 <span class=\"_ _141\"> </span> <span class=\"_ _30\"> </span>(268) <span class=\"_ _13e\"> </span></span> <span class=\"_ _2a\"> </span>60 <span class=\"_ _8a\"> </span> <span class=\"_ _31\"> </span>(50)<span class=\"_ _2b7\"> </span>Derivative financial instruments in hedge accounting relationships:<span class=\"_ _2b7\"> </span>Interest rate derivatives<span class=\"_ _173\"> </span><span class=\"ff66\"> <span class=\"_ _9a\"> </span>37 <span class=\"_ _141\"> </span> <span class=\"_ _30\"> </span>(221) <span class=\"_ _13e\"> </span></span> <span class=\"_ _2a\"> </span>67 <span class=\"_ _8a\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span>Foreign exchange derivatives<span class=\"_ _1fd\"> </span><span class=\"ff66\"> <span class=\"_ _9a\"> </span>37 <span class=\"_ _141\"> </span> <span class=\"_ _bc\"> </span>(6) <span class=\"_ _13e\"> </span></span> <span class=\"_ _2a\"> </span>33 <span class=\"_ _8a\"> </span> <span class=\"_ _23\"> </span>(7)<span class=\"_ _2b7\"> </span>Total derivative financial instruments<span class=\"_ _1fe\"> </span><span class=\"fcf\"> <span class=\"_ _1f1\"> </span>7,427 <span class=\"_ _141\"> </span> <span class=\"_ _7a\"> </span>(10,151) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>7,550 <span class=\"_ _8a\"> </span> <span class=\"_ _14d\"> </span>(6,009)<span class=\"_ _2b7\"> </span></span></span>Included within:<span class=\"_ _2b7\"> </span>Derivative financial instruments \u2013 current<span class=\"_ _11b\"> </span><span class=\"ff66\"> <span class=\"_ _1f1\"> </span>6,034 <span class=\"_ _9e\"> </span> <span class=\"_ _7e\"> </span>(8,841) <span class=\"_ _13e\"> </span></span> <span class=\"_ _81\"> </span>6,545 <span class=\"_ _8a\"> </span> <span class=\"_ _14d\"> </span>(4,929)<span class=\"_ _2b7\"> </span>Derivative financial instruments \u2013 non-current<span class=\"_ _1ff\"> </span><span class=\"ff66\"> <span class=\"_ _1f1\"> </span>1,393 <span class=\"_ _141\"> </span> <span class=\"_ _7e\"> </span>(1,310) <span class=\"_ _13e\"> </span></span> <span class=\"_ _81\"> </span>1,005 <span class=\"_ _8a\"> </span> <span class=\"_ _14d\"> </span>(1,080)<span class=\"_ _2b7\"> </span>The contracts included within energy derivatives are subject to a wide range of detailed specific terms, but comprise the following general<span class=\"_ _2b7\"> </span>components, analysed on a net carrying value basis:<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Short-term forward market purchases and sales of gas and electricity:<span class=\"_ _2b7\"> </span>UK and Europe <span class=\"_ _30\"> </span>(214) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _2a\"> </span>69<span class=\"_ _2b7\"> </span></span>Other derivative contracts including structured gas sale and purchase arrangem<span class=\"_ _1\"></span>ents <span class=\"_ _7e\"> </span>(2,364) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,365<span class=\"_ _2b7\"> </span></span>Net total <span class=\"_ _7e\"> </span>(2,578) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,434<span class=\"_ _2b7\"> </span></span>Net (losses)/gains on derivative financial instruments due to re-measurement<span class=\"_ _2b7\"> </span>2022<span class=\"_ _5f\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>31 December<span class=\"_ _2b7\"> </span>Income<span class=\"_ _2b7\"> </span>Statement<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Equity<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Income<span class=\"_ _2b7\"> </span>Statement<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Equity<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Financial assets and liabilities measured at fair value:<span class=\"_ _2b7\"> </span>Derivative financial instruments \u2013 held for trading <span class=\"_ _ee\"> </span>(4,568) <span class=\"_ _106\"> </span> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,263 <span class=\"_ _141\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span></span>Derivative financial instruments in hedge accounting relationships <span class=\"_ _13f\"> </span>(228) <span class=\"_ _106\"> </span> <span class=\"_ _22\"> </span>(10) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>(95) <span class=\"_ _8f\"> </span> <span class=\"_ _31\"> </span>(42)</span> <span class=\"_ _ee\"> </span>(4,796) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(10) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _47\"> </span>1,168 <span class=\"_ _8a\"> </span> <span class=\"_ _31\"> </span>(42)<span class=\"_ _2b7\"> </span></span>20.<span class=\"_ _13e\"> </span>Trade and other payables and contract liabilities<span class=\"_ _2b7\"> </span>Trade and other payables include accruals and are principally amounts we owe to our suppliers. Financial deferre<span class=\"_ _1\"></span>d<span class=\"_ _2b7\"> </span>income represents monies received from customers in advance of the delivery of goods or services that may be<span class=\"_ _2b7\"> </span>returned to the customer if future delivery does not occur. For example, downstream customers with a credit balance<span class=\"_ _2b7\"> </span>may request repayment of the outstanding amount in cash, rather than taking delivery of commodity. By contrast,<span class=\"_ _2b7\"> </span>contract liabilities and non-financial deferred income arise when the Group receives consideration from a custome<span class=\"_ _1\"></span>r in<span class=\"_ _2b7\"> </span>advance of performance, and has a non-financial liability to deliver future goods or services in return.<span class=\"_ _2b7\"> </span>2022<span class=\"_ _200\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>31 December<span class=\"_ _2b7\"> </span>Current<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Non-current<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Current<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Non-current<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Financial liabilities:<span class=\"_ _2b7\"> </span>Trade payables <span class=\"_ _2c\"> </span>(561) <span class=\"_ _ab\"> </span> <span class=\"_ _b3\"> </span>(4) <span class=\"_ _146\"> </span>(542) <span class=\"_ _1b7\"> </span> <span class=\"_ _5b\"> </span>(2)<span class=\"_ _2b7\"> </span>Deferred income<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _2c\"> </span>(538) <span class=\"_ _ab\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _146\"> </span>(281) <span class=\"_ _1b7\"> </span> <span class=\"_ _bc\"> </span>\u2014<span class=\"_ _2b7\"> </span>Capital payables <span class=\"_ _2c\"> </span>(158) <span class=\"_ _ab\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _50\"> </span>(85) <span class=\"_ _ab\"> </span> <span class=\"_ _bc\"> </span>\u2014<span class=\"_ _2b7\"> </span>Cash collateral received <span class=\"_ _2c\"> </span>(601) <span class=\"_ _ab\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _e4\"> </span>(1,185) <span class=\"_ _c5\"> </span> <span class=\"_ _bc\"> </span>\u2014<span class=\"_ _2b7\"> </span>Other payables<span class=\"_ _2b7\"> </span>(ii) <span class=\"_ _2c\"> </span>(479) <span class=\"_ _ab\"> </span> <span class=\"_ _10c\"> </span>(150) <span class=\"_ _146\"> </span>(164) <span class=\"_ _1b7\"> </span> <span class=\"_ _a0\"> </span>(100)<span class=\"_ _2b7\"> </span>Accruals:<span class=\"_ _2b7\"> </span>Commodity costs <span class=\"_ _14d\"> </span>(5,371) <span class=\"_ _1b7\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _e4\"> </span>(3,462) <span class=\"_ _c5\"> </span> <span class=\"_ _bc\"> </span>\u2014<span class=\"_ _2b7\"> </span>Transportation, distribution and metering costs <span class=\"_ _2c\"> </span>(377) <span class=\"_ _ab\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _146\"> </span>(258) <span class=\"_ _1b7\"> </span> <span class=\"_ _bc\"> </span>\u2014<span class=\"_ _2b7\"> </span>Operating and other accruals <span class=\"_ _2c\"> </span>(845) <span class=\"_ _ab\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _146\"> </span>(775) <span class=\"_ _1b7\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _14d\"> </span>(6,593) <span class=\"_ _1b7\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _167\"> </span><span class=\"ff6b\"> <span class=\"_ _e4\"> </span>(4,495) <span class=\"_ _c5\"> </span> <span class=\"_ _bc\"> </span>\u2014</span> <span class=\"_ _14d\"> </span>(8,930) <span class=\"_ _1b7\"> </span> <span class=\"_ _10c\"> </span>(154) <span class=\"_ _1b7\"> </span><span class=\"ff6b\"> <span class=\"_ _e4\"> </span>(6,752) <span class=\"_ _c5\"> </span> <span class=\"_ _a0\"> </span>(102<span class=\"_ _2b7\"> </span></span>Non-financial liabilities:<span class=\"_ _2b7\"> </span>Other payables and accruals <span class=\"_ _2c\"> </span>(701) <span class=\"_ _ab\"> </span> <span class=\"_ _b3\"> </span>(1) <span class=\"_ _146\"> </span>(661) <span class=\"_ _1b7\"> </span> <span class=\"_ _5b\"> </span>(3)<span class=\"_ _2b7\"> </span>Contract liabilities <span class=\"_ _31\"> </span>(37) <span class=\"_ _ab\"> </span> <span class=\"_ _23\"> </span>(7) <span class=\"_ _50\"> </span>(33) <span class=\"_ _ab\"> </span> <span class=\"_ _140\"> </span>(15)<span class=\"_ _2b7\"> </span>Deferred income<span class=\"_ _2b7\"> </span>(iii) <span class=\"_ _2c\"> </span>(508) <span class=\"_ _ab\"> </span> <span class=\"_ _b3\"> </span>(3) <span class=\"_ _50\"> </span>(67) <span class=\"_ _ab\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _e2\"> </span>(10,176) <span class=\"_ _1b7\"> </span> <span class=\"_ _10c\"> </span>(165) <span class=\"_ _1b7\"> </span><span class=\"ff6b\"> <span class=\"_ _e4\"> </span>(7,513) <span class=\"_ _1b7\"> </span> <span class=\"_ _146\"> </span>(120)<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _1b7\"> </span>Includes downstream customer credit balances for amounts billed in advance of energy supply.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>Other payables includes share buyback liability of \u00a3207 million (2021: \u00a3nil).<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _141\"> </span>Deferred income includes \u00a3440 million from the Energy Bill Support Scheme, expected to be applied to customer accounts in January 2023.<span class=\"_ _2b7\"> </span>Maturity profile of financial liabilities within current trade and other payables<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Less than 90 days <span class=\"_ _7e\"> </span>(8,543) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _4e\"> </span>(6,531<span class=\"_ _2b7\"> </span></span>90 to 182 days <span class=\"_ _30\"> </span>(217) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(134<span class=\"_ _2b7\"> </span></span>183 to 365 days <span class=\"_ _30\"> </span>(170) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>(87</span> <span class=\"_ _7e\"> </span>(8,930) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _4e\"> </span>(6,752<span class=\"_ _2b7\"> </span></span>21.<span class=\"_ _13e\"> </span><span class=\"fce\">Provisions for liabilities &amp; charges<span class=\"_ _2b7\"> </span></span>Provisions are recognised when an obligation exists that can be reliably measured, but where there is uncertainty over<span class=\"_ _2b7\"> </span>the timing and/or amount of the payment. The main provisions relate to decommissioning costs for upstream assets we<span class=\"_ _2b7\"> </span>own, or have owned, which require restoration or remediation, along with onerous supply contracts. Further provisions<span class=\"_ _2b7\"> </span>relate to restructuring costs, and legal and regulatory matters.<span class=\"_ _2b7\"> </span>1 January<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Acquisitions<span class=\"_ _2b7\"> </span>and<span class=\"_ _2b7\"> </span>disposals<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Charged in<span class=\"_ _2b7\"> </span>the year<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Notional<span class=\"_ _2b7\"> </span>interest<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Unused and<span class=\"_ _2b7\"> </span>reversed in<span class=\"_ _2b7\"> </span>the year<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Utilised<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Revisions<span class=\"_ _2b7\"> </span>and<span class=\"_ _2b7\"> </span>additions<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Transfers<span class=\"_ _2b7\"> </span>(v)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Exchange<span class=\"_ _2b7\"> </span>adjustments<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>31<span class=\"_ _2b7\"> </span>December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Current<span class=\"_ _2b7\"> </span>Restructuring costs<span class=\"_ _4a\"> </span> <span class=\"_ _77\"> </span>(29) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _78\"> </span>(3) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _51\"> </span>5 <span class=\"_ _8a\"> </span> <span class=\"_ _7c\"> </span>20 <span class=\"_ _9e\"> </span> <span class=\"_ _26\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _a0\"> </span>(7) <span class=\"_ _6\"> </span> <span class=\"_ _46\"> </span>(1) <span class=\"_ _106\"> </span><span class=\"ff66\"> <span class=\"_ _77\"> </span>(15)<span class=\"_ _2b7\"> </span></span>Decommissioning<span class=\"_ _2b7\"> </span>costs<span class=\"_ _2b7\"> </span>(i) (ii) <span class=\"_ _7e\"> </span>(149) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _51\"> </span>1 <span class=\"_ _141\"> </span> <span class=\"_ _7c\"> </span>98 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>(14) <span class=\"_ _6\"> </span> <span class=\"_ _7e\"> </span>(151) <span class=\"_ _106\"> </span> <span class=\"_ _140\"> </span>(1) <span class=\"_ _6\"> </span><span class=\"ff66\"> <span class=\"_ _13\"> </span>(216)<span class=\"_ _2b7\"> </span></span>Onerous contracts<span class=\"_ _2b7\"> </span>provision<span class=\"_ _2b7\"> </span>(iii) <span class=\"_ _1c\"> </span>(2,535) <span class=\"_ _106\"> </span> <span class=\"_ _7e\"> </span>(215) <span class=\"_ _6\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _48\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _18\"> </span>1,815 <span class=\"_ _8a\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _78\"> </span>(2) <span class=\"_ _6\"> </span> <span class=\"_ _22\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _13\"> </span>(937)<span class=\"_ _2b7\"> </span></span>Other<span class=\"_ _2b7\"> </span>(iv) <span class=\"_ _77\"> </span>(56) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>(29) <span class=\"_ _6\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _51\"> </span>9 <span class=\"_ _141\"> </span> <span class=\"_ _7c\"> </span>37 <span class=\"_ _141\"> </span> <span class=\"_ _5d\"> </span>2 <span class=\"_ _141\"> </span> <span class=\"_ _78\"> </span>(8) <span class=\"_ _6\"> </span> <span class=\"_ _22\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _82\"> </span>(45)<span class=\"_ _2b7\"> </span></span>Total<span class=\"_ _69\"> </span><span class=\"fcf\"> <span class=\"_ _1c\"> </span>(2,769) <span class=\"_ _8f\"> </span> <span class=\"_ _13\"> </span>(215) <span class=\"_ _106\"> </span> <span class=\"_ _77\"> </span>(32) <span class=\"_ _8f\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _f4\"> </span>15 <span class=\"_ _141\"> </span> <span class=\"_ _18\"> </span>1,970 <span class=\"_ _141\"> </span> <span class=\"_ _82\"> </span>(12) <span class=\"_ _106\"> </span> <span class=\"_ _13\"> </span>(168) <span class=\"_ _106\"> </span> <span class=\"_ _50\"> </span>(2) <span class=\"_ _106\"> </span> <span class=\"_ _1c\"> </span>(1,213)<span class=\"_ _2b7\"> </span></span>1 January<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Acquisitions<span class=\"_ _2b7\"> </span>and disposals<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Charged in<span class=\"_ _2b7\"> </span>the year<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Notional<span class=\"_ _2b7\"> </span>interest<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Unused and<span class=\"_ _2b7\"> </span>reversed in<span class=\"_ _2b7\"> </span>the year<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Revisions and<span class=\"_ _2b7\"> </span>additions<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Transfers (v)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Exchange<span class=\"_ _2b7\"> </span>adjustments<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>31<span class=\"_ _2b7\"> </span>December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Non-current<span class=\"_ _2b7\"> </span>Restructuring costs<span class=\"_ _201\"> </span> <span class=\"_ _77\"> </span>(12) <span class=\"_ _106\"> </span> <span class=\"_ _22\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _48\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _48\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _5d\"> </span>7 <span class=\"_ _9e\"> </span> <span class=\"_ _48\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _a0\"> </span>(5)<span class=\"_ _2b7\"> </span></span>Decommissioning costs (i) (ii) <span class=\"_ _1c\"> </span>(1,372) <span class=\"_ _106\"> </span> <span class=\"_ _22\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>(60) <span class=\"_ _6\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _f4\"> </span>42 <span class=\"_ _141\"> </span> <span class=\"_ _a0\"> </span>(53) <span class=\"_ _106\"> </span> <span class=\"_ _4a\"> </span>151 <span class=\"_ _8a\"> </span> <span class=\"_ _46\"> </span>(6) <span class=\"_ _6\"> </span><span class=\"ff66\"> <span class=\"_ _7\"> </span>(1,298)<span class=\"_ _2b7\"> </span></span>Onerous contracts provision (iii) <span class=\"_ _77\"> </span>(24) <span class=\"_ _106\"> </span> <span class=\"_ _a0\"> </span>(69) <span class=\"_ _106\"> </span> <span class=\"_ _78\"> </span>(8) <span class=\"_ _6\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _22\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _48\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _5d\"> </span>2 <span class=\"_ _9e\"> </span> <span class=\"_ _48\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _77\"> </span>(99)<span class=\"_ _2b7\"> </span></span>Other (iv) <span class=\"_ _77\"> </span>(46) <span class=\"_ _106\"> </span> <span class=\"_ _22\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _78\"> </span>(6) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _51\"> </span>1 <span class=\"_ _141\"> </span> <span class=\"_ _46\"> </span>(3) <span class=\"_ _106\"> </span> <span class=\"_ _5d\"> </span>8 <span class=\"_ _9e\"> </span> <span class=\"_ _51\"> </span>2 <span class=\"_ _8a\"> </span><span class=\"ff66\"> <span class=\"_ _77\"> </span>(44)<span class=\"_ _2b7\"> </span></span>Total<span class=\"_ _a1\"> </span><span class=\"fcf\"> <span class=\"_ _7\"> </span>(1,454) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(69) <span class=\"_ _8f\"> </span> <span class=\"_ _77\"> </span>(74) <span class=\"_ _8f\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _f4\"> </span>43 <span class=\"_ _141\"> </span> <span class=\"_ _146\"> </span>(56) <span class=\"_ _106\"> </span> <span class=\"_ _4a\"> </span>168 <span class=\"_ _8a\"> </span> <span class=\"_ _140\"> </span>(4) <span class=\"_ _106\"> </span> <span class=\"_ _7\"> </span>(1,446)<span class=\"_ _2b7\"> </span></span>Included within the above liabilities are the following financial liabilities:<span class=\"_ _2b7\"> </span>2022<span class=\"_ _64\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>31 December<span class=\"_ _2b7\"> </span>Current<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Non-current<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Current<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Non-current<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Restructuring costs<span class=\"_ _1d6\"> </span><span class=\"ff66\"> <span class=\"_ _31\"> </span>(15) <span class=\"_ _106\"> </span> <span class=\"_ _23\"> </span>(5) <span class=\"_ _13e\"> </span></span> <span class=\"_ _140\"> </span>(29) <span class=\"_ _106\"> </span> <span class=\"_ _50\"> </span>(12)<span class=\"_ _2b7\"> </span>Provisions other than restructuring costs<span class=\"_ _1a2\"> </span><span class=\"ff66\"> <span class=\"_ _10c\"> </span>(973) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(132) <span class=\"_ _13e\"> </span></span> <span class=\"_ _e4\"> </span>(2,580) <span class=\"_ _106\"> </span> <span class=\"_ _50\"> </span>(57) <span class=\"_ _2c\"> </span>(988) <span class=\"_ _106\"> </span> <span class=\"_ _10c\"> </span>(137) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _e4\"> </span>(2,609) <span class=\"_ _8f\"> </span> <span class=\"_ _140\"> </span>(69)<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _1b7\"> </span>Provision has been made for the estimated net present cost of decommissioning gas production facilities at the end of their useful lives. The estimate has been based on<span class=\"_ _2b7\"> </span>2P reserves, price levels and technology at the balance sheet date. The payment dates of decommissioning costs are dependent on the lives of the facilities,<span class=\"_ _b\"></span> but<span class=\"_ _2b7\"> </span>utilisation of the provision is expected to occur until the 2040s. <span class=\"_ _1\"></span>The maturity profile of total decommissioning provisions is analysed below:<span class=\"_ _2b7\"> </span>Maturity profile of decommissioning provisions<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2023-2027 <span class=\"_ _30\"> </span>(559)<span class=\"_ _2b7\"> </span>2028-2032 <span class=\"_ _30\"> </span>(795)<span class=\"_ _2b7\"> </span>2033-2037 <span class=\"_ _30\"> </span>(146)<span class=\"_ _2b7\"> </span>2038-2042 <span class=\"_ _bc\"> </span>(9)<span class=\"_ _2b7\"> </span>2043-2047 <span class=\"_ _bc\"> </span>(5) <span class=\"_ _7e\"> </span>(1,514)<span class=\"_ _2b7\"> </span>The rate used to discount decommissioning provisions is 1% (2021: 0%). See not<span class=\"_ _1\"></span>e 3.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>Included in the provision balance as at 31 December 2022 is \u00a31,174 million held in Spirit <span class=\"_ _b\"></span>Energy, \u00a3324 million in relation to the Rough field, and \u00a316 million in the<span class=\"_ _2b7\"> </span>remainder of the business.<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _141\"> </span>Primarily includes the onerous supply contract provision of \u00a3999 million (2021: \u00a32,530 million), including \u00a3284 million recognised upon acquisition of the AvantiGas<span class=\"_ _2b7\"> </span>customer book, see notes 3 and 12.<span class=\"_ _2b7\"> </span>(iv)<span class=\"_ _8a\"> </span>Other provisions have been made for dilapidations, insurance, legal, warranty and various other claims.<span class=\"_ _2b7\"> </span>(v)<span class=\"_ _14\"> </span>Relates to amounts transferred between current and non-current provisions.<span class=\"_ _2b7\"> </span>22.Post-retirement benefits<span class=\"_ _2b7\"> </span>The Group manages a number of final salary and career average defined benefit pension schemes. It also has define<span class=\"_ _1\"></span>d<span class=\"_ _2b7\"> </span>contribution schemes. The majority of these schemes are in the UK.<span class=\"_ _2b7\"> </span>(a) <span class=\"_ _ab\"> </span>Summary of main post-retirement benefit schemes<span class=\"_ _2b7\"> </span>Number of<span class=\"_ _2b7\"> </span>active<span class=\"_ _2b7\"> </span>members<span class=\"_ _2b7\"> </span>as at<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>membership<span class=\"_ _2b7\"> </span>as at<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>Name of scheme<span class=\"_ _202\"> </span>Type of benefit<span class=\"_ _200\"> </span>Status<span class=\"_ _17d\"> </span>Country<span class=\"_ _2b7\"> </span>Centrica Engineers<span class=\"_ _203\"> </span>Defined benefit final salary pension<span class=\"_ _61\"> </span>Closed to new members in 2006<span class=\"_ _a9\"> </span>UK<span class=\"_ _b8\"> </span><span class=\"ff66\"> <span class=\"_ _7e\"> </span>1,615 <span class=\"_ _141\"> </span> <span class=\"_ _7e\"> </span>8,433<span class=\"_ _2b7\"> </span></span>Pension Scheme<span class=\"_ _110\"> </span>Defined benefit career average pension<span class=\"_ _141\"> </span>Closed to new members in 2022<span class=\"_ _a9\"> </span>UK<span class=\"_ _b8\"> </span><span class=\"ff66\"> <span class=\"_ _7e\"> </span>3,198 <span class=\"_ _9e\"> </span> <span class=\"_ _7e\"> </span>7,237<span class=\"_ _2b7\"> </span></span>Centrica Pension Plan<span class=\"_ _f6\"> </span>Defined benefit final salary pension<span class=\"_ _61\"> </span>Closed to new members in 2003<span class=\"_ _a9\"> </span>UK<span class=\"_ _b8\"> </span><span class=\"ff66\"> <span class=\"_ _7e\"> </span>1,471 <span class=\"_ _141\"> </span> <span class=\"_ _7e\"> </span>8,441<span class=\"_ _2b7\"> </span></span>Centrica Pension Scheme<span class=\"_ _bc\"> </span>Defined benefit final salary pension<span class=\"_ _61\"> </span>Closed to new members in 2003<span class=\"_ _a9\"> </span>UK<span class=\"_ _b8\"> </span><span class=\"ff66\"> <span class=\"_ _bc\"> </span>1 <span class=\"_ _8a\"> </span> <span class=\"_ _7a\"> </span>10,197<span class=\"_ _2b7\"> </span></span>Defined benefit career average pension<span class=\"_ _141\"> </span>Closed to new members in 2008<span class=\"_ _a9\"> </span>UK<span class=\"_ _b8\"> </span><span class=\"ff66\"> <span class=\"_ _30\"> </span>750 <span class=\"_ _9e\"> </span> <span class=\"_ _7e\"> </span>4,191<span class=\"_ _2b7\"> </span></span>Defined contribution pension<span class=\"_ _e8\"> </span>Open to new members<span class=\"_ _2d\"> </span>UK<span class=\"_ _b8\"> </span><span class=\"ff66\"> <span class=\"_ _7a\"> </span>10,243 <span class=\"_ _141\"> </span> <span class=\"_ _7a\"> </span>20,789<span class=\"_ _2b7\"> </span></span>Bord G\u00e1is Energy Company<span class=\"_ _2b7\"> </span>Defined Benefit Pension Scheme<span class=\"_ _ed\"> </span>Defined benefit final salary pension<span class=\"_ _61\"> </span>Closed to new members in 2014<span class=\"_ _2b7\"> </span>Republic<span class=\"_ _2b7\"> </span>of Ireland<span class=\"_ _178\"> </span><span class=\"ff66\"> <span class=\"_ _5d\"> </span>94 <span class=\"_ _9e\"> </span> <span class=\"_ _30\"> </span>170<span class=\"_ _2b7\"> </span></span>Bord G\u00e1is Energy Company<span class=\"_ _2b7\"> </span>Defined Contribution Pension Plan<span class=\"_ _8d\"> </span>Defined contribution pension<span class=\"_ _e8\"> </span>Open to new members<span class=\"_ _2b7\"> </span>Republic<span class=\"_ _2b7\"> </span>of Ireland<span class=\"_ _178\"> </span><span class=\"ff66\"> <span class=\"_ _7c\"> </span>270 <span class=\"_ _9e\"> </span> <span class=\"_ _30\"> </span>392<span class=\"_ _2b7\"> </span></span>The Centrica Engineers Pension Scheme (CEPS), Centrica Pension Plan (CPP) and Centrica Pension Scheme (CPS) form the significant<span class=\"_ _2b7\"> </span>majority of the Group\u2019s defined benefit obligation and are referred to below as the \u2018Registered Pension Schemes\u2019. The other schemes are<span class=\"_ _2b7\"> </span>individually, and in aggregate, immaterial.<span class=\"_ _2b7\"> </span>Independent valuations<span class=\"_ _2b7\"> </span>The Registered Pension Schemes are subject to independent valuations at least every three years, on the basis of which the qualified<span class=\"_ _2b7\"> </span>actuary certifies the rate of employer contributions, which together with the specified contributions payable by the employees and<span class=\"_ _2b7\"> </span>proceeds from the schemes\u2019 assets, are expected to be sufficient to fund the benefits payable under the schemes.<span class=\"_ _2b7\"> </span>The latest full actuarial valuations agreed and finalised with the Pension Trustees were carried out at the following dates: the Registered<span class=\"_ _2b7\"> </span>Pension Schemes at 31 March 2021 and the Bord G\u00e1is Energy Company Defined Benefit Pension Scheme at<span class=\"_ _1\"></span> 1 January 2020. For the<span class=\"_ _2b7\"> </span>Registered Pension Schemes, the full actuarial valuation as at 31 March 2021 was agreed during the year. These valuations have been<span class=\"_ _2b7\"> </span>updated to 31 December 2022 for the purpose of meeting the requirements of IAS 19. Investments held in all schemes have been valued<span class=\"_ _2b7\"> </span>for this purpose at market value.<span class=\"_ _2b7\"> </span>Governance<span class=\"_ _2b7\"> </span>The Registered Pension Schemes are managed by trustee companies whose boards consist of both company-nominated and member-<span class=\"_ _2b7\"> </span>nominated Directors. Each scheme holds units in the Centrica Combined Common Investment Fund (CCCIF), which holds the majority of<span class=\"_ _2b7\"> </span>the combined assets of the Registered Pension Schemes. The board of the CCCIF is currently comprised of nine directors: three<span class=\"_ _2b7\"> </span>independent directors, three directors appointed by Centrica plc (including the Chairman) and one director appointed by each of the three<span class=\"_ _2b7\"> </span>Registered Pension Schemes.<span class=\"_ _2b7\"> </span>Under the terms of the Pensions Act 2004, Centrica plc and each trustee board must agree the funding rate for its defined benefit pension<span class=\"_ _2b7\"> </span>scheme and a recovery plan to fund any deficit against the scheme-specific statutory funding objective. This approach was first adopted<span class=\"_ _2b7\"> </span>for the triennial valuations completed at 31 March 2006, and has been reflected in subsequent valuations, including the 31 March 2021<span class=\"_ _2b7\"> </span>valuation.<span class=\"_ _2b7\"> </span>22.Post-retirement benefits<span class=\"_ _2b7\"> </span>(b)<span class=\"_ _12\"> </span>Risks<span class=\"_ _2b7\"> </span>The Registered Pension Schemes expose the Group to the following risks:<span class=\"_ _2b7\"> </span>Asset volatility<span class=\"_ _2b7\"> </span>The pension liabilities are calculated using a discount rate set with reference to AA corporate bond yields. If the growth in plan assets is<span class=\"_ _2b7\"> </span>lower than this, this will create an actuarial loss within other equity. The CCCIF is responsible for managing the assets of each scheme in<span class=\"_ _2b7\"> </span>line with the risk tolerances that have been set by the trustees of the schemes, and invests in a diversified portfolio of assets. The schemes<span class=\"_ _2b7\"> </span>are relatively young in nature (the schemes\u2019 opened in 1997 on the formation of Centrica plc on demerger from BG plc (formerly British<span class=\"_ _2b7\"> </span>Gas plc)), and only took on past service liabilities in respect of active employees.<span class=\"_ _2b7\"> </span>The trustees significantly reduced their tolerance to scheme valuation risk in 2019, increasing inflation and interest rate hedges from one<span class=\"_ _2b7\"> </span>third to two thirds, and further de-risked thereafter such that there was an 85% hedge level (in relation to assets) at 2021 year-end. This<span class=\"_ _2b7\"> </span>de-risking included the use of collateralised gilt holdings in the Schemes\u2019 Liability-Driven Investment (LDI) portfolio (shown in the Pension<span class=\"_ _2b7\"> </span>scheme asset table in section (f) of this note within Liability matching assets).<span class=\"_ _2b7\"> </span>Throughout 2022 and in particular during September, there were significant increases and volatility in gilt yields. This led to a significant fall<span class=\"_ _2b7\"> </span>in the value of assets invested in the UK Registered Pension Schemes\u2019 Liability-Driven Investment (LDI) funds, thereby driving collateral<span class=\"_ _2b7\"> </span>calls and temporarily reducing the hedge position. All liquid credit mandates were placed into redemption with proceeds directed to the<span class=\"_ _2b7\"> </span>LDI portfolio to increase collateral and reduce leverage.<span class=\"_ _2b7\"> </span>In October 2022, the Group agreed to provide the Schemes with a \u00a3400 million two-year revolving, unsecured, interest bearing credit<span class=\"_ _2b7\"> </span>facility, and a short-term \u00a3150 million loan. This money was immediately drawn down to purchase physical gilts to reduce the extent of<span class=\"_ _2b7\"> </span>interest rate and inflation risk. The short-term loan was repaid in December 2022 and the remaining \u00a3400 million credit facility is scheduled<span class=\"_ _2b7\"> </span>for repayment in 2024. At the 2022 year-end, the \u00a3400 million loan (together with unpaid interest) is recorded in Securities from a Centrica<span class=\"_ _2b7\"> </span>plc Group perspective and as a reduction to scheme assets for the UK Registered Pension Schemes.<span class=\"_ _2b7\"> </span>At the 2022 year-end, the inflation and interest rate hedge level in relation to assets is around 92%. This has resulted in a reduction of<span class=\"_ _2b7\"> </span>return-seeking assets within the portfolio, as well as a higher weighting to assets that better manage downside risk.<span class=\"_ _2b7\"> </span>Interest rate<span class=\"ff6f fc0\"> </span>A decrease in bond interest rates will increase the net present value of the pension liabilities. The relative immaturity of the schemes means<span class=\"_ _2b7\"> </span>that the duration of the liabilities is longer than average for typical UK pension schemes, resulting in a relatively higher exposure to interest<span class=\"_ _2b7\"> </span>rate risk. This risk is reduced via the hedging referred to in the Asset volatility section.<span class=\"_ _2b7\"> </span>Inflation<span class=\"_ _2b7\"> </span>Pensions in deferment, pensions in payment and pensions accrued under the career average schemes increase in line with the Retail<span class=\"_ _2b7\"> </span>Prices Index (RPI) and the Consumer Prices Index (CPI). Therefore, scheme liabilities will increase if inflation is higher than assumed,<span class=\"_ _2b7\"> </span>although in some cases caps are in place to limit the impact of significant movements in inflation. Furthermore, a pension increase<span class=\"_ _2b7\"> </span>exchange (PIE) option implemented in 2015 is available to future retirees, which gives the choice to receive a higher initial pension in return<span class=\"_ _2b7\"> </span>for giving up certain future increases linked to RPI, again limiting the impact of significant movements in inflation. Inflation risk is reduced<span class=\"_ _2b7\"> </span>via the hedging referred to in the Asset volatility section.<span class=\"_ _2b7\"> </span>Longevity<span class=\"_ _2b7\"> </span>The majority of the schemes\u2019 obligations are to provide benefits for the life of scheme members and their surviving spouses; therefore<span class=\"_ _2b7\"> </span>increases in life expectancy will result in an increase in the pension liabilities. The relative immaturity of the schemes means that there is<span class=\"_ _2b7\"> </span>comparatively little observable mortality data to assess the rates of mortality experienced by the schemes, and means that the schemes\u2019<span class=\"_ _2b7\"> </span>liabilities will be paid over a long period of time, making it particularly difficult to predict the life expectancy of the current membership.<span class=\"_ _2b7\"> </span>Furthermore, pension payments are subject to inflationary increases, resulting in a higher sensitivity to changes in life expectancy.<span class=\"_ _2b7\"> </span>Salary<span class=\"ff6f fc0\"> </span>Pension liabilities are calculated by reference to the future salaries of active members, and hence salary rises in excess of assumed<span class=\"_ _2b7\"> </span>increases will increase scheme liabilities. During 2011, changes were introduced to the final salary sections of CEPS and CPP such that<span class=\"_ _2b7\"> </span>annual increases in pensionable pay are capped to 2%, resulting in a reduction in salary risk. During 2016, a salary cap on pensionable<span class=\"_ _2b7\"> </span>pay for the CPS career average and CPP schemes was implemented, and in 2019 a similar change took place for CEPS. All of the 2011,<span class=\"_ _2b7\"> </span>2016 and 2019 changes result in a reduction in salary risk.<span class=\"_ _2b7\"> </span>Foreign exchange<span class=\"fs25\"> </span>Certain assets held by the CCCIF are denominated in foreign currencies, and hence their values are subject to exchange rate risk.<span class=\"_ _2b7\"> </span>The CCCIF has long-term hedging policies in place to manage interest rate, inflation and foreign exchange risks.<span class=\"_ _2b7\"> </span>The table below analyses the total liabilities of the Registered Pension Schemes, calculated in accordance with accounting principles,<span class=\"_ _2b7\"> </span>by type of liability, as at 31 December 2022.<span class=\"_ _2b7\"> </span>22.Post-retirement benefits<span class=\"_ _2b7\"> </span>Total liabilities of the Registered Pension Schemes<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>Actives \u2013 final salary \u2013 capped<span class=\"_ _204\"> </span><span class=\"ff66\"> <span class=\"_ _4\"></span>11<span class=\"_ _2b7\"> </span></span>Actives \u2013 final salary \u2013 uncapped and crystallised benefits<span class=\"_ _205\"> </span><span class=\"ff66\"> <span class=\"_ _4\"></span>5<span class=\"_ _2b7\"> </span></span>Actives \u2013 career average<span class=\"_ _206\"> </span><span class=\"ff66\"> <span class=\"_ _4\"></span>4<span class=\"_ _2b7\"> </span></span>Deferred pensioners<span class=\"_ _207\"> </span><span class=\"ff66\"> <span class=\"_ _4\"></span>38<span class=\"_ _2b7\"> </span></span>Pensioners<span class=\"_ _208\"> </span><span class=\"ff66\"> <span class=\"_ _4\"></span>42<span class=\"_ _2b7\"> </span></span>100<span class=\"_ _2b7\"> </span>(c)<span class=\"_ _107\"> </span>Accounting assumptions<span class=\"_ _2b7\"> </span>The accounting assumptions for the Registered Pension Schemes are given below:<span class=\"_ _2b7\"> </span>Major assumptions used for the actuarial valuation<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>Rate of increase in employee earnings:<span class=\"_ _2b7\"> </span>Subject to 2% cap<span class=\"_ _209\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>1.5 <span class=\"_ _9e\"> </span></span> <span class=\"_ _22\"> </span>1.8<span class=\"_ _2b7\"> </span>Other not subject to cap<span class=\"_ _20a\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>2.9 <span class=\"_ _9e\"> </span></span> <span class=\"_ _22\"> </span>2.6<span class=\"_ _2b7\"> </span>Rate of increase in pensions in payment<span class=\"_ _20b\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>3.3 <span class=\"_ _9e\"> </span></span> <span class=\"_ _22\"> </span>3.1<span class=\"_ _2b7\"> </span>Rate of increase in deferred pensions:<span class=\"_ _2b7\"> </span>In line with CPI capped at 2.5%<span class=\"_ _20c\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>2.5 <span class=\"_ _9e\"> </span></span> <span class=\"_ _22\"> </span>2.4<span class=\"_ _2b7\"> </span>In line with RPI<span class=\"_ _20d\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>3.0 <span class=\"_ _9e\"> </span></span> <span class=\"_ _22\"> </span>3.1<span class=\"_ _2b7\"> </span>Discount rate <span class=\"_ _48\"> </span>4.7 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _22\"> </span>1.8<span class=\"_ _2b7\"> </span></span>The assumptions relating to longevity underlying the pension liabilities at the balance sheet date have been based on a combination of<span class=\"_ _2b7\"> </span>standard actuarial mortality tables, scheme experience and other relevant data, and include an allowance for future improvements in<span class=\"_ _2b7\"> </span>mortality. The longevity assumptions for members in normal health are as follows:<span class=\"_ _2b7\"> </span>Life expectancy at age 65 for a member<span class=\"_ _2b7\"> </span>2022<span class=\"_ _64\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>31 December<span class=\"_ _2b7\"> </span>Male<span class=\"_ _2b7\"> </span>Years<span class=\"_ _2b7\"> </span>Female<span class=\"_ _2b7\"> </span>Years<span class=\"_ _2b7\"> </span>Male<span class=\"_ _2b7\"> </span>Years<span class=\"_ _2b7\"> </span>Female<span class=\"_ _2b7\"> </span>Years<span class=\"_ _2b7\"> </span>Currently aged 65<span class=\"_ _20e\"> </span><span class=\"ff66\"> <span class=\"_ _10c\"> </span>22.4 <span class=\"_ _141\"> </span> <span class=\"_ _10c\"> </span>23.9 <span class=\"_ _11c\"> </span></span> <span class=\"_ _146\"> </span>22.5 <span class=\"_ _8a\"> </span> <span class=\"_ _146\"> </span>24.0<span class=\"_ _2b7\"> </span>Currently aged 45<span class=\"_ _20e\"> </span><span class=\"ff66\"> <span class=\"_ _10c\"> </span>23.6 <span class=\"_ _141\"> </span> <span class=\"_ _10c\"> </span>25.0 <span class=\"_ _11c\"> </span></span> <span class=\"_ _146\"> </span>23.8 <span class=\"_ _8a\"> </span> <span class=\"_ _146\"> </span>25.1<span class=\"_ _2b7\"> </span>The other demographic assumptions have been set having regard to the latest trends in scheme experience and other relevant data. The<span class=\"_ _2b7\"> </span>assumptions are reviewed and updated as necessary as part of the periodic actuarial valuations of the pension schemes.<span class=\"_ _2b7\"> </span>For the Registered Pension Schemes, marginal adjustments to the assumptions used to calculate the pension liability, or significant swings<span class=\"_ _2b7\"> </span>in bond yields or stock markets, can have a large impact in absolute terms on the net assets of the Group. Reasonably possible changes<span class=\"_ _2b7\"> </span>as at 31 December to one of the actuarial assumptions would have affected the scheme liabilities as set out below:<span class=\"_ _2b7\"> </span>Impact of changing material assumptions<span class=\"_ _2b7\"> </span>2022<span class=\"_ _64\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>31 December<span class=\"_ _2b7\"> </span>Increase/<span class=\"_ _2b7\"> </span>decrease in<span class=\"_ _2b7\"> </span>assumption (i)<span class=\"_ _2b7\"> </span>Indicative<span class=\"_ _2b7\"> </span>effect on<span class=\"_ _2b7\"> </span>scheme<span class=\"_ _2b7\"> </span>liabilities %<span class=\"_ _2b7\"> </span>Increase/<span class=\"_ _2b7\"> </span>decrease in<span class=\"_ _2b7\"> </span>assumption<span class=\"_ _2b7\"> </span>Indicative<span class=\"_ _2b7\"> </span>effect on<span class=\"_ _2b7\"> </span>scheme<span class=\"_ _2b7\"> </span>liabilities %<span class=\"_ _2b7\"> </span>Rate of increase in employee earnings subject to 2% cap<span class=\"_ _20f\"> </span><span class=\"ff66\"> <span class=\"_ _4\"></span>1.00% <span class=\"_ _109\"> </span>+1/-2<span class=\"_ _140\"> </span><span class=\"ff6b\"> <span class=\"_ _90\"></span>0.25% <span class=\"_ _55\"> </span>+/-0<span class=\"_ _2b7\"> </span></span></span>Rate of increase in pensions in payment and deferred pensions<span class=\"_ _210\"> </span><span class=\"ff66\"> <span class=\"_ _4\"></span>1.00% <span class=\"_ _14d\"> </span>+14/-12<span class=\"_ _140\"> </span><span class=\"ff6b\"> <span class=\"_ _90\"></span>0.25% <span class=\"_ _55\"> </span>+/-4<span class=\"_ _2b7\"> </span></span></span>Discount rate<span class=\"_ _171\"> </span><span class=\"ff66\"> <span class=\"_ _90\"></span>1.00% <span class=\"_ _14d\"> </span>-15/+19<span class=\"_ _50\"> </span><span class=\"ff6b\"> <span class=\"_ _90\"></span>0.25% <span class=\"_ _55\"> </span>-/+5<span class=\"_ _2b7\"> </span></span></span>Inflation assumption<span class=\"_ _211\"> </span><span class=\"ff66\"> <span class=\"_ _4\"></span>1.00% <span class=\"_ _14d\"> </span>+15/-12<span class=\"_ _140\"> </span><span class=\"ff6b\"> <span class=\"_ _90\"></span>0.25% <span class=\"_ _55\"> </span>+/-5<span class=\"_ _2b7\"> </span></span></span>Longevity assumption<span class=\"_ _212\"> </span><span class=\"ff66\">1 year<span class=\"_ _1b9\"> </span>+/-2<span class=\"_ _55\"> </span></span>1 year<span class=\"_ _23\"> </span>+/-4<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _1b7\"> </span>1% has been used for sensitivity analysis this year as opposed to 0.25% in the prior year, due to the quantum of market rate movements during the year which mean it is<span class=\"_ _2b7\"> </span>considered that 1% is a more appropriate measure for 2022.<span class=\"_ _2b7\"> </span>The indicative effects on scheme liabilities have been calculated by changing each assumption in isolation and assessing the impact on<span class=\"_ _2b7\"> </span>the liabilities. For the reasonably possible change in the inflation assumption, it has been assumed that a change to the inflation<span class=\"_ _2b7\"> </span>assumption would lead to corresponding changes in the assumed rates of increase in uncapped pensionable pay, pensions in payment<span class=\"_ _2b7\"> </span>and deferred pensions.<span class=\"_ _2b7\"> </span>The remaining disclosures in this note cover all of the Group\u2019s defined benefit schemes.<span class=\"_ _2b7\"> </span>22.Post-retirement benefits<span class=\"_ _2b7\"> </span>(d)<span class=\"_ _12\"> </span>Amounts included in the Group Balance Sheet<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Fair value of plan assets<span class=\"_ _213\"> </span><span class=\"ff66\"> <span class=\"_ _1f1\"> </span>6,312 <span class=\"_ _141\"> </span></span> <span class=\"_ _89\"> </span>10,666<span class=\"_ _2b7\"> </span>Present value of defined benefit obligation<span class=\"_ _214\"> </span><span class=\"ff66\"> <span class=\"_ _7e\"> </span>(6,272) <span class=\"_ _106\"> </span></span> <span class=\"_ _e2\"> </span>(10,666)<span class=\"_ _2b7\"> </span>Recognised in the Group Balance Sheet<span class=\"_ _215\"> </span><span class=\"ff66\"> <span class=\"_ _9a\"> </span>40 <span class=\"_ _141\"> </span></span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span>Presented in the Group Balance Sheet as:<span class=\"_ _2b7\"> </span>Retirement benefit assets<span class=\"_ _216\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>150 <span class=\"_ _141\"> </span></span> <span class=\"_ _104\"> </span>231<span class=\"_ _2b7\"> </span>Retirement benefit liabilities<span class=\"_ _217\"> </span><span class=\"ff66\"> <span class=\"_ _30\"> </span>(110) <span class=\"_ _106\"> </span></span> <span class=\"_ _2c\"> </span>(231)<span class=\"_ _2b7\"> </span>The Trust Deed and Rules for the Registered Pension Schemes provide the Group with a right to a refund of surplus assets assuming the<span class=\"_ _2b7\"> </span>full settlement of scheme liabilities. No asset ceiling restrictions have been applied in the consolidated Financial Statements.<span class=\"_ _2b7\"> </span>(e)<span class=\"_ _107\"> </span>Movements in the year<span class=\"_ _2b7\"> </span>2022<span class=\"_ _bf\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>Pension<span class=\"_ _2b7\"> </span>liabilities<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Pension<span class=\"_ _2b7\"> </span>assets<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Pension<span class=\"_ _2b7\"> </span>liabilities<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Pension assets<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>1 January <span class=\"_ _218\"> </span><span class=\"ff66\"> <span class=\"_ _7a\"> </span>(10,666) <span class=\"_ _13e\"> </span> <span class=\"_ _7b\"> </span>10,666 <span class=\"_ _11c\"> </span></span> <span class=\"_ _e2\"> </span>(10,671) <span class=\"_ _13e\"> </span> <span class=\"_ _89\"> </span>10,070<span class=\"_ _2b7\"> </span>Items included in the Group Income Statement:<span class=\"_ _2b7\"> </span>Current service cost<span class=\"_ _219\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>(84) <span class=\"_ _13e\"> </span> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _11c\"> </span></span> <span class=\"_ _31\"> </span>(85) <span class=\"_ _13e\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span>Contributions by employer in respect of employee salary sacrifice arrangements<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _48\"> </span>(21) <span class=\"_ _13e\"> </span> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>(20) <span class=\"_ _13e\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span></span>Total current service cost<span class=\"_ _21a\"> </span><span class=\"ff66\"> <span class=\"_ _30\"> </span>(105) <span class=\"_ _13e\"> </span> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _11c\"> </span></span> <span class=\"_ _2c\"> </span>(105) <span class=\"_ _13e\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span>Past service credit<span class=\"_ _173\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _11c\"> </span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _1db\"> </span></span> <span class=\"_ _21\"> </span>1 <span class=\"_ _11c\"> </span> <span class=\"_ _55\"> </span>\u2014<span class=\"_ _2b7\"> </span>Interest (expense)/income<span class=\"_ _19e\"> </span><span class=\"ff66\"> <span class=\"_ _30\"> </span>(193) <span class=\"_ _13e\"> </span> <span class=\"_ _b4\"> </span>196 <span class=\"_ _11c\"> </span></span> <span class=\"_ _2c\"> </span>(155) <span class=\"_ _13e\"> </span> <span class=\"_ _104\"> </span>150<span class=\"_ _2b7\"> </span>Termination benefit<span class=\"_ _21b\"> </span><span class=\"ff66\"> <span class=\"_ _4d\"> </span>4 <span class=\"_ _11c\"> </span> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _11c\"> </span></span> <span class=\"_ _2a\"> </span>52 <span class=\"_ _11c\"> </span> <span class=\"_ _55\"> </span>\u2014<span class=\"_ _2b7\"> </span>Items included in the Group Statement of Comprehensive Income:<span class=\"_ _2b7\"> </span>Returns on plan assets, excluding interest income<span class=\"_ _13b\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _11c\"> </span> <span class=\"_ _4e\"> </span>(4,559) <span class=\"_ _13e\"> </span></span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _1e3\"> </span> <span class=\"_ _109\"> </span>301<span class=\"_ _2b7\"> </span>Actuarial gain/(loss) from changes to demographic assumptions<span class=\"_ _21c\"> </span><span class=\"ff66\"> <span class=\"_ _9a\"> </span>34 <span class=\"_ _11c\"> </span> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _11c\"> </span></span> <span class=\"_ _31\"> </span>(12) <span class=\"_ _13e\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span>Actuarial gain from changes in financial assumptions<span class=\"_ _79\"> </span><span class=\"ff66\"> <span class=\"_ _1f1\"> </span>4,803 <span class=\"_ _11c\"> </span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _1db\"> </span></span> <span class=\"_ _109\"> </span>123 <span class=\"_ _1e3\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span>Actuarial loss from experience adjustments<span class=\"_ _21d\"> </span><span class=\"ff66\"> <span class=\"_ _30\"> </span>(425) <span class=\"_ _13e\"> </span> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _11c\"> </span></span> <span class=\"_ _2c\"> </span>(194) <span class=\"_ _13e\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span>Items included in the Group Cash Flow Statement:<span class=\"_ _2b7\"> </span>Employer contributions<span class=\"_ _21e\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _11c\"> </span> <span class=\"_ _b4\"> </span>264 <span class=\"_ _11c\"> </span></span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _1db\"> </span> <span class=\"_ _104\"> </span>420<span class=\"_ _2b7\"> </span>Contributions by employer in respect of employee salary sacrifice arrangements<span class=\"_ _b7\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _11c\"> </span> <span class=\"_ _9a\"> </span>21 <span class=\"_ _11c\"> </span></span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _1db\"> </span> <span class=\"_ _2a\"> </span>20<span class=\"_ _2b7\"> </span>Other movements:<span class=\"_ _2b7\"> </span>Benefits paid from schemes<span class=\"_ _1f3\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>278 <span class=\"_ _11c\"> </span> <span class=\"_ _30\"> </span>(278) <span class=\"_ _13e\"> </span></span> <span class=\"_ _104\"> </span>297 <span class=\"_ _11c\"> </span> <span class=\"_ _26\"> </span>(297)<span class=\"_ _2b7\"> </span>Other<span class=\"_ _21f\"> </span><span class=\"ff66\"> <span class=\"_ _bc\"> </span>(2) <span class=\"_ _13e\"> </span> <span class=\"_ _4d\"> </span>2 <span class=\"_ _11c\"> </span></span> <span class=\"_ _23\"> </span>(2) <span class=\"_ _13e\"> </span> <span class=\"_ _21\"> </span>2<span class=\"_ _2b7\"> </span>31 December <span class=\"_ _17f\"> </span><span class=\"fcf\"> <span class=\"_ _7e\"> </span>(6,272) <span class=\"_ _13e\"> </span> <span class=\"_ _4a\"> </span>6,312 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _e2\"> </span>(10,666) <span class=\"_ _13e\"> </span> <span class=\"_ _89\"> </span>10,666<span class=\"_ _2b7\"> </span></span></span>(i)<span class=\"_ _1b7\"> </span>A salary sacrifice arrangement was introduced on 1 April 2013 for pension scheme members. The contributions paid via the salary sacrifice arrangement have been<span class=\"_ _2b7\"> </span>treated as employer contributions and included within the current service cost, with a corresponding reduction in salary costs.<span class=\"_ _2b7\"> </span>In addition to current service cost on the Group\u2019s defined benefit pension schemes, the Group also charged<span class=\"_ _1\"></span> \u00a366 million (2021: \u00a361 million)<span class=\"_ _2b7\"> </span>to operating profit in respect of defined contribution pension schemes. This included contributions of \u00a3<span class=\"_ _1\"></span>20 million (2021: \u00a315 million) paid<span class=\"_ _2b7\"> </span>via a salary sacrifice arrangement.<span class=\"_ _2b7\"> </span>22.Post-retirement benefits<span class=\"_ _2b7\"> </span>(f) <span class=\"_ _12\"> </span>Pension scheme assets<span class=\"_ _2b7\"> </span>The market values of plan assets were:<span class=\"_ _2b7\"> </span>2022<span class=\"_ _1e\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>31 December<span class=\"_ _2b7\"> </span>Quoted<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Unquoted \u00a3m<span class=\"_ _2b7\"> </span>Total \u00a3m<span class=\"_ _2b7\"> </span>Quoted<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Unquoted<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Equities<span class=\"_ _220\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>19 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>486 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>505 <span class=\"_ _11c\"> </span></span> <span class=\"_ _51\"> </span>20 <span class=\"_ _8a\"> </span> <span class=\"_ _8\"> </span>462 <span class=\"_ _8a\"> </span> <span class=\"_ _8\"> </span>482<span class=\"_ _2b7\"> </span>Corporate bonds<span class=\"_ _db\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>24 <span class=\"_ _8a\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>24 <span class=\"_ _11c\"> </span></span> <span class=\"_ _54\"> </span>2,393 <span class=\"_ _8a\"> </span> <span class=\"_ _51\"> </span>31 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>2,424<span class=\"_ _2b7\"> </span>High-yield debt<span class=\"_ _221\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>106 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>1,331 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>1,437 <span class=\"_ _11c\"> </span></span> <span class=\"_ _54\"> </span>2,720 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>1,197 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>3,917<span class=\"_ _2b7\"> </span>Liability matching assets<span class=\"_ _3b\"> </span><span class=\"ff66\"> <span class=\"_ _47\"> </span>2,835 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>1,343 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>4,178 <span class=\"_ _11c\"> </span></span> <span class=\"_ _54\"> </span>1,963 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>1,356 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>3,319<span class=\"_ _2b7\"> </span>Property<span class=\"_ _da\"> </span><span class=\"ff66\"> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _8\"> </span>366 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>366 <span class=\"_ _11c\"> </span></span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _8\"> </span>439 <span class=\"_ _8a\"> </span> <span class=\"_ _f4\"> </span>439<span class=\"_ _2b7\"> </span>Cash pending investment<span class=\"_ _222\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>205 <span class=\"_ _141\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _8\"> </span>205 <span class=\"_ _11c\"> </span></span> <span class=\"_ _55\"> </span>85 <span class=\"_ _8a\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _51\"> </span>85<span class=\"_ _2b7\"> </span>Loan and interest<span class=\"_ _223\"> </span><span class=\"ff66\"> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _10c\"> </span>(403) <span class=\"_ _8f\"> </span> <span class=\"_ _10c\"> </span>(403) <span class=\"_ _13e\"> </span></span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _17b\"> </span>3,189 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>3,123 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>6,312 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _54\"> </span>7,181 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>3,485 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>10,666<span class=\"_ _2b7\"> </span></span>Unquoted private equity, liability matching assets and debt funds are valued at fair value as calculated by the investment manager at the<span class=\"_ _2b7\"> </span>latest valuation date in accordance with generally accepted guidelines, adjusted for cash flow in the intervening period. Investment<span class=\"_ _2b7\"> </span>properties are valued in accordance with guidelines by independent valuers. These valuations are reviewed annually as part of the CCCIF<span class=\"_ _2b7\"> </span>audit and receive greater scrutiny now that unquoted assets make up a greater proportion of the scheme portfolio. Included within equities<span class=\"_ _2b7\"> </span>are \u00a3nil of ordinary shares of Centrica plc (2021: \u00a3nil) via pooled funds<span class=\"_ _1\"></span> that include a benchmark allocation to UK equities. Included within<span class=\"_ _2b7\"> </span>corporate bonds are \u00a3nil (2021: \u00a3nil) of bonds issued by Centrica plc, albeit minor exp<span class=\"_ _1\"></span>osure may be held within pooled funds over which<span class=\"_ _2b7\"> </span>the CCCIF has no ability to direct investment decisions. Apart from the investment in the Scottish Limited Partnerships which form part of<span class=\"_ _2b7\"> </span>the asset-backed contribution arrangements described in section (g) of this note, no direct investments are made in securities issued by<span class=\"_ _2b7\"> </span>Centrica plc or any of its subsidiaries or property leased to or owned by Centrica plc or any of its subsidiaries. The corporate bond, high-<span class=\"_ _2b7\"> </span>yield debt and liability matching asset categories headings above have segregated portfolio mandates which include the cash, cash funds<span class=\"_ _2b7\"> </span>and derivatives associated with the mandates.<span class=\"_ _2b7\"> </span>At 31 December 2021 the aggregate gilts portfolio, the quoted element of the Liability matching assets line, was approximately 3 times<span class=\"_ _2b7\"> </span>leveraged (1 times being unleveraged). At 31 December 2022 the aggregate gilts portfolio was significantly less exposed to collateral<span class=\"_ _2b7\"> </span>movements, at approximately 1.3 times leveraged.<span class=\"_ _2b7\"> </span>Included within the Group Balance Sheet within non-current securities are \u00a395 million (<span class=\"_ _1\"></span>2021: \u00a3111 million) of investments, held in trust on<span class=\"_ _2b7\"> </span>behalf of the Group, as security in respect of the Centrica Unfunded Pension Scheme. Of the pension scheme liabilities above, \u00a349 million<span class=\"_ _2b7\"> </span>(2021: \u00a366 million) relate to this scheme. More information on the Centrica <span class=\"_ _1\"></span>Unapproved Pension Scheme is included in the Remuneration<span class=\"_ _2b7\"> </span>Report on pages 84 to 103.<span class=\"_ _2b7\"> </span>(g)<span class=\"_ _12\"> </span>Pension scheme contributions<span class=\"_ _2b7\"> </span>The Group estimates that it will pay \u00a354 million of ordinary employer contributions during 2023 for its defined benefit schemes, at an<span class=\"_ _2b7\"> </span>average rate of 21% of pensionable pay, together with \u00a326 million of contributions paid via a salary sacrifice arrangement.<span class=\"_ _2b7\"> </span>For the Registered Pension Schemes the last actuarial valuation, agreed during the year with the Pension Trustees, was as at 31 March<span class=\"_ _2b7\"> </span>2021. As at that date, the weighted average duration of the liabilities of the Registered Pension Schemes was 22 years and the technical<span class=\"_ _2b7\"> </span>provisions deficit (funding basis) was \u00a3944 million. The Group committed to additional annual cash contributions to fund this pension<span class=\"_ _2b7\"> </span>deficit. The overall deficit contributions, including the previously disclosed asset-backed contribution arrangements, totalled \u00a3175 million in<span class=\"_ _2b7\"> </span>2021 (of which \u00a399 million was after 31 March 2021), and \u00a3204 million in 2022; and will amount to \u00a3175 million per annum from 2023 to<span class=\"_ _2b7\"> </span>2025, with a balancing payment of \u00a3127 million in 2026. Separately, a pension strain payment of \u00a310 million associated with employee<span class=\"_ _2b7\"> </span>redundancies was also contributed in 2022 (2021: \u00a3193 million).<span class=\"_ _2b7\"> </span>On a pure roll-forward basis, from 31 March 2021, using the same methodology and consequent assumptions, the technical provisions<span class=\"_ _2b7\"> </span>deficit (funding basis) would be c.\u00a3850 million on 31 December 2022. Note that the valuation methodology and assumptions used for<span class=\"_ _2b7\"> </span>future assessments may differ from those previously used.<span class=\"_ _2b7\"> </span>In previous years, the Registered Pension Schemes also held a security package over the Group\u2019s equity shareholding in the Direct Energy<span class=\"_ _2b7\"> </span>business, amounting to \u00a31,235 million, enforceable in the unlikely event the Group was unable to meet its obligations. In January 2021,<span class=\"_ _2b7\"> </span>as part of the Direct Energy disposal, this security package was released by the Pension Trustees. In exchange, the Group provided<span class=\"_ _2b7\"> </span>replacement security of \u00a3745 million of letters of credit and \u00a3250 million cas<span class=\"_ _1\"></span>h in escrow.<span class=\"_ _2b7\"> </span>In October 2022, as part of the \u00a3400 million loan arrangement from Centrica plc to the Registered Pension Schemes (described in part (b)<span class=\"_ _2b7\"> </span>above), this security was reduced by \u00a3545 million, so that only \u00a3450 million of letters of credit remained at the year-end. When this loan<span class=\"_ _2b7\"> </span>is repaid, replacement security may be required (dependent on the funding position) and the form of security will be at the Group\u2019s<span class=\"_ _2b7\"> </span>discretion.<span class=\"_ _2b7\"> </span>23.<span class=\"_ _13e\"> </span>Leases, commitments and contingencies<span class=\"_ _2b7\"> </span>(a)<span class=\"_ _107\"> </span>Commitments and leases<span class=\"_ _2b7\"> </span>Commitments are not held on the Group\u2019s Balance Sheet as these are executory arrangements, and relate to amounts<span class=\"_ _2b7\"> </span>that we are contractually required to pay in the future as long as the other party meets its contractual obligations.<span class=\"_ _2b7\"> </span>The Group\u2019s commitments in relation to commodity purchase contracts disclosed below are stated net of amounts receivable under<span class=\"_ _2b7\"> </span>commodity sales contracts where there is a right of offset with the counterparty, and are based on the expected minimum quantities of<span class=\"_ _2b7\"> </span>gas and other commodities that the Group is contracted to buy at estimated future prices.<span class=\"_ _2b7\"> </span>The commitments in this note differ in scope and in basis from the maturity analysis of energy derivatives disclosed in note S3, as only<span class=\"_ _2b7\"> </span>certain procurement and sales contracts are within the scope of IFRS 9 and included in note S3 and the volumes used in calculating the<span class=\"_ _2b7\"> </span>maturity analysis in note S3 are estimated using valuation techniques, rather than being based on minimum contractual quantities.<span class=\"_ _2b7\"> </span>The Group\u2019s 20-year agreement with Cheniere to purchase 89bcf per annum of LNG volumes for export from the Sabine Pass liquefaction<span class=\"_ _2b7\"> </span>plant in the US commits the Group to capacity payments of \u00a33.6 billion (included in \u2018LNG capacity\u2019 below) between 2022 and 2039. It also<span class=\"_ _2b7\"> </span>allows the Group to make up to \u00a36.0 billion of commodity purchases based on market gas prices and foreign exchange rates as at the<span class=\"_ _2b7\"> </span>balance sheet date.<span class=\"_ _2b7\"> </span>During 2019, the Group signed a 20-year agreement to purchase LNG volumes from Mozambique LNG1 Company. The commercial start<span class=\"_ _2b7\"> </span>date is 2025 and under this agreement the Group is committed to make commodity purchases expected to amount to \u00a38.0 billion based<span class=\"_ _2b7\"> </span>on market gas and oil prices at the reporting date.<span class=\"_ _2b7\"> </span>These LNG contracts are deemed to be own use and therefore are accounted for on an accruals basis. Based on forecast gas spreads,<span class=\"_ _2b7\"> </span>they are predicted to be profitable but due to their duration are exposed over a long period of time to the impact of climate change<span class=\"_ _2b7\"> </span>governmental policy decisions.<span class=\"_ _2b7\"> </span>The Group has numerous renewable power purchase arrangements where renewable obligation certificates are purchased as power is<span class=\"_ _2b7\"> </span>produced. This gives rise to the commitments below.<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Commitments in relation to the acquisition of PP&amp;E<span class=\"_ _224\"> </span><span class=\"fcf\"> <span class=\"_ _9a\"> </span>75 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _104\"> </span>255<span class=\"_ _2b7\"> </span></span></span>Commitments in relation to the acquisition of intangible assets:<span class=\"_ _2b7\"> </span>Renewable obligation certificates<span class=\"_ _225\"> </span><span class=\"ff66\"> <span class=\"_ _1f1\"> </span>3,642 <span class=\"_ _141\"> </span></span> <span class=\"_ _81\"> </span>3,289<span class=\"_ _2b7\"> </span>Other intangible assets<span class=\"_ _226\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>194 <span class=\"_ _141\"> </span></span> <span class=\"_ _104\"> </span>250<span class=\"_ _2b7\"> </span>Other commitments:<span class=\"_ _2b7\"> </span>Commodity purchase contracts<span class=\"_ _227\"> </span><span class=\"ff66\"> <span class=\"_ _7b\"> </span>69,824 <span class=\"_ _141\"> </span></span> <span class=\"_ _61\"> </span>44,443<span class=\"_ _2b7\"> </span>LNG capacity<span class=\"_ _228\"> </span><span class=\"ff66\"> <span class=\"_ _1f1\"> </span>3,894 <span class=\"_ _141\"> </span></span> <span class=\"_ _81\"> </span>3,892<span class=\"_ _2b7\"> </span>Transportation capacity<span class=\"_ _229\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>320 <span class=\"_ _141\"> </span></span> <span class=\"_ _104\"> </span>292<span class=\"_ _2b7\"> </span>Other long-term commitments<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _b4\"> </span>459 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _104\"> </span>526<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _1b7\"> </span>Other long-term commitments include amounts in respect of executory contracts and the smart meter roll-out programme.<span class=\"_ _2b7\"> </span>The maturity analysis for commodity purchase contract commitments at 31 December is given below:<span class=\"_ _2b7\"> </span>Commodity purchase contract commitments<span class=\"_ _2b7\"> </span>Fixed price commodity commitments<span class=\"_ _2b7\"> </span>Commodity commitments that float with indices<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3billion<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3billion<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3billion<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3billion<span class=\"_ _2b7\"> </span>&lt;1 year<span class=\"_ _22a\"> </span><span class=\"ff66\"> <span class=\"_ _30\"> </span>13.0 <span class=\"_ _141\"> </span></span> <span class=\"_ _31\"> </span>6.8 <span class=\"_ _a9\"> </span><span class=\"ff66\"> <span class=\"_ _26\"> </span>15.4 <span class=\"_ _141\"> </span></span> <span class=\"_ _22\"> </span>9.2<span class=\"_ _2b7\"> </span>1\u20132 years<span class=\"_ _22b\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>2.3 <span class=\"_ _9e\"> </span></span> <span class=\"_ _22\"> </span>1.5 <span class=\"_ _a9\"> </span><span class=\"ff66\"> <span class=\"_ _26\"> </span>10.9 <span class=\"_ _141\"> </span></span> <span class=\"_ _31\"> </span>7.3<span class=\"_ _2b7\"> </span>2\u20133 years<span class=\"_ _22b\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>0.9 <span class=\"_ _9e\"> </span></span> <span class=\"_ _22\"> </span>0.3 <span class=\"_ _a9\"> </span><span class=\"ff66\"> <span class=\"_ _22\"> </span>7.5 <span class=\"_ _141\"> </span></span> <span class=\"_ _31\"> </span>4.4<span class=\"_ _2b7\"> </span>3\u20134 years<span class=\"_ _22b\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>0.1 <span class=\"_ _9e\"> </span></span> <span class=\"_ _22\"> </span>0.1 <span class=\"_ _a9\"> </span><span class=\"ff66\"> <span class=\"_ _22\"> </span>2.3 <span class=\"_ _141\"> </span></span> <span class=\"_ _31\"> </span>3.1<span class=\"_ _2b7\"> </span>4\u20135 years<span class=\"_ _22b\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span></span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _a9\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>1.8 <span class=\"_ _141\"> </span></span> <span class=\"_ _31\"> </span>1.3<span class=\"_ _2b7\"> </span>&gt;5 years<span class=\"_ _22c\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>0.1 <span class=\"_ _9e\"> </span></span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _a9\"> </span><span class=\"ff66\"> <span class=\"_ _30\"> </span>15.5 <span class=\"_ _141\"> </span></span> <span class=\"_ _2c\"> </span>10.4 <span class=\"_ _30\"> </span>16.4 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>8.7 <span class=\"_ _a9\"> </span></span> <span class=\"_ _26\"> </span>53.4 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _26\"> </span>35.7<span class=\"_ _2b7\"> </span></span>23.<span class=\"_ _13e\"> </span>Leases, commitments and contingencies<span class=\"_ _2b7\"> </span>The Group enters into lease arrangements for assets including property, vehicles, vessels and assets used within the exploration and<span class=\"_ _2b7\"> </span>production business.<span class=\"_ _2b7\"> </span>The carrying amount, additions and depreciation charge associated with right-of-use assets is disclosed in note 13 and the interest<span class=\"_ _2b7\"> </span>expense arising on the Group\u2019s lease liability is disclosed in note 8. The total Group cash outflow in the year for capital and interest from<span class=\"_ _2b7\"> </span>lease arrangements was \u00a3107 million (2021: \u00a3203 million), and the maturity analysis of cash flows associated with the Group\u2019s leas<span class=\"_ _1\"></span>e<span class=\"_ _2b7\"> </span>liability at the reporting date is shown in note S3.<span class=\"_ _2b7\"> </span>The table below provides further information on amounts not included in the lease liability and charged to the Group Income Statement<span class=\"_ _2b7\"> </span>during the year.<span class=\"_ _2b7\"> </span>Year ended 31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Expense related to short-term leases<span class=\"_ _22d\"> </span><span class=\"ff66\"> <span class=\"_ _9a\"> </span>82 <span class=\"_ _141\"> </span></span> <span class=\"_ _21\"> </span>9<span class=\"_ _2b7\"> </span>Expense related to variable lease payments<span class=\"_ _22e\"> </span><span class=\"ff66\"> <span class=\"_ _4d\"> </span>9 <span class=\"_ _141\"> </span></span> <span class=\"_ _2a\"> </span>26<span class=\"_ _2b7\"> </span>During the year, the Group\u2019s expense related to short-term lease commitments predominantly related to the hire of LNG vessels and<span class=\"_ _2b7\"> </span>exploration and production drilling rigs. The commitment at the balance sheet date also relates to assets of a similar nature. The Group<span class=\"_ _2b7\"> </span>has \u00a317 million operating sub-lease arrangements mainly for LNG vessels. The Group does not have any material arrangements in which it<span class=\"_ _2b7\"> </span>acts as a lessor.<span class=\"_ _2b7\"> </span>(b)<span class=\"_ _12\"> </span>Guarantees and indemnities<span class=\"_ _2b7\"> </span>This section discloses any guarantees and indemnities that the Group has given, where we may have to provide<span class=\"_ _2b7\"> </span>security in the future against existing and future obligations that will remain for a specific period.<span class=\"_ _2b7\"> </span>In connection with the Group\u2019s energy trading, transportation and upstream activities, certain Group companies have entered into<span class=\"_ _2b7\"> </span>contracts under which they may be required to prepay, provide credit support or provide other collateral in the event of a significant<span class=\"_ _2b7\"> </span>deterioration in creditworthiness. The extent of credit support is contingent upon the balance owing to the third party at the point of<span class=\"_ _2b7\"> </span>deterioration.<span class=\"_ _2b7\"> </span>As at 31 December 2022, \u00a384 million (2021: \u00a3525 million) of letters of credit and on-demand payment b<span class=\"_ _1\"></span>onds have been issued in respect<span class=\"_ _2b7\"> </span>of decommissioning obligations included in the Group Balance Sheet<span class=\"_ _1\"></span>. The reduction is predominantly as a result of the disposal of the<span class=\"_ _2b7\"> </span>Norwegian and Statfjord fields - see note 12.<span class=\"_ _2b7\"> </span>(c)<span class=\"_ _107\"> </span>Contingent liabilities<span class=\"_ _2b7\"> </span>The Group has no material contingent liabilities.<span class=\"_ _2b7\"> </span>24.<span class=\"_ _11c\"> </span>Sources of finance<span class=\"_ _2b7\"> </span>(a) <span class=\"_ _12\"> </span>Capital structure<span class=\"_ _2b7\"> </span>The Group seeks to maintain an efficient capital structure with a balance of adjusted net cash and equity as shown in the table below:<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Adjusted net cash <span class=\"_ _7e\"> </span>(1,199) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(680)<span class=\"_ _2b7\"> </span></span>Shareholders\u2019 equity <span class=\"_ _1f1\"> </span>1,017 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>2,365<span class=\"_ _2b7\"> </span></span>Capital <span class=\"_ _30\"> </span>(182) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,685<span class=\"_ _2b7\"> </span></span>Debt levels are restricted to limit the risk of financial distress and, in particular, to maintain a strong credit profile. The Group\u2019s credit<span class=\"_ _2b7\"> </span>standing is important for several reasons: to maintain a low cost of debt, limit collateral requirements in energy trading, hedging and<span class=\"_ _2b7\"> </span>decommissioning security arrangements, and to ensure the Group is an attractive counterparty to energy producers and long-term<span class=\"_ _2b7\"> </span>customers.<span class=\"_ _2b7\"> </span>The Group monitors its current and projected capital position on a regular basis, considering a medium-term view of at least three years,<span class=\"_ _2b7\"> </span>and different stress case scenarios, including the impact of changes in the Group\u2019s credit ratings and significant movements in commodity<span class=\"_ _2b7\"> </span>prices. A number of financial ratios are monitored, including those used by the credit rating agencies.<span class=\"_ _2b7\"> </span>The level of debt that can be raised by the Group is restricted by the Company\u2019s Articles of Association. Borrowing is limited to the higher<span class=\"_ _2b7\"> </span>of \u00a310 billion and a gearing ratio of three times Shareholder\u2019s equity. The Group funds its long-term debt requirements through issuing<span class=\"_ _2b7\"> </span>bonds in the capital markets and taking bank debt. Short-term debt requirements are met primarily through commercial paper or short-<span class=\"_ _2b7\"> </span>term bank borrowings. The Group maintains substantial committed facilities and uses these to provide liquidity for general corporate<span class=\"_ _2b7\"> </span>purposes, including short-term business requirements and back-up for commercial paper.<span class=\"_ _2b7\"> </span>British Gas Insurance Limited (BGIL) is required to hold a minimum capital amount under PRA regulations and has complied with this<span class=\"_ _2b7\"> </span>requirement since its inception. BGIL\u2019s capital management policy and plan are subject to review and approval by the BGIL board.<span class=\"_ _2b7\"> </span>Reporting processes provide relevant and timely capital information to management and the board. A medium-term capital management<span class=\"_ _2b7\"> </span>plan forms part of BGIL\u2019s planning and forecasting process, embedded into approved timelines, management reviews and board<span class=\"_ _2b7\"> </span>approvals. The Group\u2019s January 2023 trading update noted that the 2022 closing net cash position was expected to be above \u00a31 billion and the<span class=\"_ _2b7\"> </span>Group\u2019s final net position is \u00a31,199 million at the year-end<span class=\"_ _1\"></span>.<span class=\"_ _2b7\"> </span>24.<span class=\"_ _13e\"> </span>Sources of finance<span class=\"_ _2b7\"> </span>(b)<span class=\"_ _12\"> </span>Liquidity risk management and going concern<span class=\"_ _2b7\"> </span>The Group has a number of treasury and risk policies to monitor and manage liquidity risk. Cash forecasts identifying the Group\u2019s liquidity<span class=\"_ _2b7\"> </span>requirements are produced regularly and are stress tested for different scenarios, including, but not limited to, reasonably possible<span class=\"_ _2b7\"> </span>increases or decreases in commodity prices and the potential cash implications of a credit rating downgrade. The Group seeks to ensure<span class=\"_ _2b7\"> </span>that sufficient financial headroom exists for at least a 12-month period to safeguard the Group\u2019s ability to continue as a going concern,<span class=\"_ _2b7\"> </span>and as at the reporting date, the analysis performed by the Group extends to 31 December <span class=\"_ _1\"></span>2024. It is the Group\u2019s policy to maintain<span class=\"_ _2b7\"> </span>committed facilities and/or available surplus cash resources of at least \u00a31,200 million, raise at least 75% of its gross debt (excluding<span class=\"_ _2b7\"> </span>non<span class=\"ff6e\">-</span>recourse debt) in the capital market and to maintain an aver<span class=\"_ _1\"></span>age term to maturity in the recourse long-term debt portfolio greater than<span class=\"_ _2b7\"> </span>five years.<span class=\"_ _2b7\"> </span>In response to the extremely volatile commodity market conditions witnessed during 2022, the Group proactively increased the level of<span class=\"_ _2b7\"> </span>committed credit bank facilities to ensure additional liquidity was available, if required, as the business entered the winter period.<span class=\"_ _2b7\"> </span>At 31 December 2022 the Group had undrawn committed credit facilities of \u00a3<span class=\"_ _1\"></span>3,951 million (2021: \u00a33,006 million) and \u00a33,687 million<span class=\"_ _2b7\"> </span>(2021: \u00a33,875 million) of unrestricted cash and cash equivalents, net of outstanding overdrafts. 82% (<span class=\"_ _1\"></span>2021: 89%) of the Group\u2019s gross<span class=\"_ _2b7\"> </span>debt has been raised in the long-term debt market and the average term to maturity of the long-term debt portfolio was 9.9 years<span class=\"_ _2b7\"> </span>(2021: 10.9 years). The completion of the disposal of the Direct Energy business on 5 January<span class=\"_ _1\"></span> 2021 led to a cash receipt of $3.6 billion<span class=\"_ _2b7\"> </span>(\u00a32.7 billion), significantly improving the Group\u2019s adjusted net debt position.<span class=\"_ _2b7\"> </span>The Group\u2019s liquidity is impacted by the cash posted or received under margin and collateral agreements. The terms and conditions of<span class=\"_ _2b7\"> </span>these agreements depend on the counterparty and the specific details of the transaction. Margin/collateral is generally posted or received<span class=\"_ _2b7\"> </span>to support energy trading and procurement activities. It is posted when contracts with marginable counterparties are out of the money and<span class=\"_ _2b7\"> </span>received when contracts are in the money. Cash is generally returned to the Group or by the Group within two days of trade settlement.<span class=\"_ _2b7\"> </span>At 31 December 2022 the collateral position was as follows:<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Collateral (received)/posted included within:<span class=\"_ _2b7\"> </span>Trade and other payables <span class=\"_ _30\"> </span>(601) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _4e\"> </span>(1,185)<span class=\"_ _2b7\"> </span></span>Trade and other receivables <span class=\"_ _1f1\"> </span>1,154 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _104\"> </span>888<span class=\"_ _2b7\"> </span></span>Collateral posted/(received) extinguishing:<span class=\"_ _2b7\"> </span>Net derivative liabilities/(assets)<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _b4\"> </span>270 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(114)<span class=\"_ _2b7\"> </span></span>Net collateral posted/(received)<span class=\"_ _2b7\"> </span>(ii) <span class=\"_ _b4\"> </span>823 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(411)<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _1b7\"> </span>Variation margin on daily settled derivatives results in the extinguishment of the net derivat<span class=\"_ _1\"></span>ive asset/liability. These contracts remain outstanding until a future delivery<span class=\"_ _2b7\"> </span>date, and therefore the cumulative daily settlement is considered collateral until that fulfilment date.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>In-year movements of net collateral posted/(received) include exchange adjustments of \u00a36<span class=\"_ _1\"></span>1 million (2021: \u00a34 million).<span class=\"_ _2b7\"> </span>Commodity prices were very volatile throughout 2022. During the year, the peak month-end net collateral posted (i.e. outflow) was in<span class=\"_ _2b7\"> </span>August and amounted to \u00a31.9 billion. The Group utilises initial margin waiver facilities to help manage its liquidity and working capital<span class=\"_ _2b7\"> </span>position in relation to derivative trading. For certain types of trade, initial margin is a requirement before entering into a transaction, as it<span class=\"_ _2b7\"> </span>provides credit assurance for the exchange. As initial margin is not a liability of the Group and is refundable, it is reflected as a margin<span class=\"_ _2b7\"> </span>asset on the Group\u2019s balance sheet. Accordingly, where counterparties waive any requirement to post initial margin, the Group has no<span class=\"_ _2b7\"> </span>liability.<span class=\"_ _2b7\"> </span>The level of undrawn committed bank facilities and available cash resources has enabled the Directors to conclude that the Group has<span class=\"_ _2b7\"> </span>sufficient headroom to continue as a going concern. The statement of going concern is included in the Governance s<span class=\"_ _b\"></span>ection \u2013 Other<span class=\"_ _2b7\"> </span>Statutory Information, on page 106.<span class=\"_ _2b7\"> </span>24.<span class=\"_ _11c\"> </span>Sources of finance<span class=\"_ _2b7\"> </span>(c)<span class=\"_ _12\"> </span> Adjusted net cash/(debt) summary<span class=\"_ _2b7\"> </span>Adjusted net cash/(debt) predominantly includes capital market borrowings offset by cash, securities and certain<span class=\"_ _2b7\"> </span>hedging financial instruments used to manage interest rate and foreign exchange movements on borrowings.<span class=\"_ _2b7\"> </span>Presented in the derivatives and current and non-current borrowings, leases and interest accruals columns shown<span class=\"_ _2b7\"> </span>below are the assets and liabilities that give rise to financing cash flows.<span class=\"_ _2b7\"> </span>Other assets and liabilities<span class=\"_ _2b7\"> </span>Current and<span class=\"_ _2b7\"> </span>non-current<span class=\"_ _2b7\"> </span>borrowings,<span class=\"_ _2b7\"> </span>leases and<span class=\"_ _2b7\"> </span>interest accruals<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Derivatives<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Gross debt<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Cash and cash<span class=\"_ _2b7\"> </span>equivalents, net<span class=\"_ _2b7\"> </span>of bank<span class=\"_ _2b7\"> </span>overdrafts (i) (ii)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Current and<span class=\"_ _2b7\"> </span>non-current<span class=\"_ _2b7\"> </span>securities<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Sub-lease<span class=\"_ _2b7\"> </span>assets<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Adjusted<span class=\"_ _2b7\"> </span>net (debt)/<span class=\"_ _2b7\"> </span>cash<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Group adjusted net debt at 1 January 2021 <span class=\"_ _4a\"> </span>(4,877) <span class=\"_ _4e\"> </span>346 <span class=\"_ _7\"> </span>(4,531) <span class=\"_ _14d\"> </span>1,393 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>138 <span class=\"_ _8a\"> </span> <span class=\"_ _22\"> </span>2 <span class=\"_ _8a\"> </span> <span class=\"_ _12\"> </span>(2,998)<span class=\"_ _2b7\"> </span>Disposal of business<span class=\"_ _2b7\"> </span>(iv) <span class=\"_ _1b9\"> </span>36 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _7c\"> </span>36 <span class=\"_ _141\"> </span> <span class=\"_ _4c\"> </span>(132) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(4) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>(100)<span class=\"_ _2b7\"> </span>Cash outflow from settlement and purchase of securities <span class=\"_ _f5\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _bc\"> </span>(3) <span class=\"_ _106\"> </span> <span class=\"_ _b8\"> </span>3 <span class=\"_ _141\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014<span class=\"_ _2b7\"> </span>Cash outflow for payment of capital element of leases <span class=\"_ _48\"> </span>162 <span class=\"_ _141\"> </span> <span class=\"_ _e4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e4\"> </span>162 <span class=\"_ _141\"> </span> <span class=\"_ _4c\"> </span>(162) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014<span class=\"_ _2b7\"> </span>Cash outflow for repayment of borrowings<span class=\"_ _2b7\"> </span>(vi) <span class=\"_ _48\"> </span>650 <span class=\"_ _141\"> </span> <span class=\"_ _1eb\"> </span>(106) <span class=\"_ _106\"> </span> <span class=\"_ _e4\"> </span>544 <span class=\"_ _141\"> </span> <span class=\"_ _4c\"> </span>(544) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014<span class=\"_ _2b7\"> </span>Remaining cash inflow <span class=\"_ _f5\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _14d\"> </span>4,010 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _83\"> </span>4,010<span class=\"_ _2b7\"> </span>Revaluation <span class=\"_ _48\"> </span>122 <span class=\"_ _141\"> </span> <span class=\"_ _1eb\"> </span>(133) <span class=\"_ _106\"> </span> <span class=\"_ _77\"> </span>(11) <span class=\"_ _6\"> </span> <span class=\"_ _2a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _78\"> </span>19 <span class=\"_ _8a\"> </span> <span class=\"_ _10c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _146\"> </span>8<span class=\"_ _2b7\"> </span>Financing interest paid <span class=\"_ _48\"> </span>206 <span class=\"_ _141\"> </span> <span class=\"_ _61\"> </span>(14) <span class=\"_ _6\"> </span> <span class=\"_ _e4\"> </span>192 <span class=\"_ _8a\"> </span> <span class=\"_ _7c\"> </span>(233) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>(41)<span class=\"_ _2b7\"> </span>Increase in interest payable and amortisation of borrowings <span class=\"_ _b4\"> </span>(195) <span class=\"_ _106\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _13\"> </span>(195) <span class=\"_ _6\"> </span> <span class=\"_ _2a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>(195)<span class=\"_ _2b7\"> </span>New lease agreements and re-measurement of existing<span class=\"_ _2b7\"> </span>lease liabilities <span class=\"_ _2a\"> </span>(28) <span class=\"_ _106\"> </span> <span class=\"_ _e4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>(28) <span class=\"_ _106\"> </span> <span class=\"_ _2a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>(28)<span class=\"_ _2b7\"> </span>Exchange adjustments <span class=\"_ _1b9\"> </span>25 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _7c\"> </span>25 <span class=\"_ _141\"> </span> <span class=\"_ _bc\"> </span>(1) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>24<span class=\"_ _2b7\"> </span>Group adjusted net (debt)/cash at 31 December 2021<span class=\"_ _2b7\"> </span>(iv) <span class=\"_ _4a\"> </span>(3,899) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>93 <span class=\"_ _8a\"> </span> <span class=\"_ _7\"> </span>(3,806) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>4,328 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>156 <span class=\"_ _8a\"> </span> <span class=\"_ _48\"> </span>2 <span class=\"_ _141\"> </span> <span class=\"_ _61\"> </span>680<span class=\"_ _2b7\"> </span>Disposal of business<span class=\"_ _2b7\"> </span>(iv) <span class=\"_ _b5\"> </span>6 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _48\"> </span>6 <span class=\"_ _141\"> </span> <span class=\"_ _5d\"> </span>(30) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(21) <span class=\"_ _6\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>(45)<span class=\"_ _2b7\"> </span>Net cash outflow from net purchase of securities <span class=\"_ _f5\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4c\"> </span>(398) <span class=\"_ _106\"> </span> <span class=\"_ _77\"> </span>398 <span class=\"_ _8a\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014<span class=\"_ _2b7\"> </span>Cash outflow for payment of capital element of leases <span class=\"_ _48\"> </span>103 <span class=\"_ _141\"> </span> <span class=\"_ _e4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e4\"> </span>103 <span class=\"_ _141\"> </span> <span class=\"_ _4c\"> </span>(103) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014<span class=\"_ _2b7\"> </span>Cash outflow for repayment of borrowings<span class=\"_ _2b7\"> </span>(vi) <span class=\"_ _77\"> </span>1,482 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _74\"> </span>1,482 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>(1,482) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _10c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014<span class=\"_ _2b7\"> </span>Cash inflow from short term borrowings<span class=\"_ _2b7\"> </span>(vi) <span class=\"_ _4a\"> </span>(1,220) <span class=\"_ _106\"> </span> <span class=\"_ _e4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _7\"> </span>(1,220) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>1,220 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014<span class=\"_ _2b7\"> </span>Remaining cash inflow<span class=\"_ _2b7\"> </span>(iv) (v) <span class=\"_ _f5\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _146\"> </span>796 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _61\"> </span>796<span class=\"_ _2b7\"> </span>Revaluation/interest receivable on securities <span class=\"_ _48\"> </span>240 <span class=\"_ _141\"> </span> <span class=\"_ _1eb\"> </span>(238) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>2 <span class=\"_ _141\"> </span> <span class=\"_ _2a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _30\"> </span>(11) <span class=\"_ _6\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>(9)<span class=\"_ _2b7\"> </span>Financing interest paid <span class=\"_ _48\"> </span>179 <span class=\"_ _141\"> </span> <span class=\"_ _54\"> </span>(8) <span class=\"_ _106\"> </span> <span class=\"_ _e4\"> </span>171 <span class=\"_ _141\"> </span> <span class=\"_ _4c\"> </span>(172) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4c\"> </span>(1<span class=\"_ _2b7\"> </span>Increase in interest payable and amortisation of borrowings <span class=\"_ _b4\"> </span>(181) <span class=\"_ _106\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _13\"> </span>(181) <span class=\"_ _6\"> </span> <span class=\"_ _2a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>(181)<span class=\"_ _2b7\"> </span>New lease agreements and re-measurement of existing<span class=\"_ _2b7\"> </span>lease liabilities <span class=\"_ _2a\"> </span>(42) <span class=\"_ _106\"> </span> <span class=\"_ _e4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>(42) <span class=\"_ _106\"> </span> <span class=\"_ _2a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>(42)<span class=\"_ _2b7\"> </span>Exchange adjustments <span class=\"_ _2a\"> </span>(85) <span class=\"_ _106\"> </span> <span class=\"_ _e4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>(85) <span class=\"_ _106\"> </span> <span class=\"_ _46\"> </span>83 <span class=\"_ _141\"> </span> <span class=\"_ _9a\"> </span>3 <span class=\"_ _141\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _146\"> </span>1<span class=\"_ _2b7\"> </span>Group adjusted net (debt)/cash at 31 December 2022 <span class=\"_ _17b\"> </span>(3,417) <span class=\"_ _106\"> </span> <span class=\"_ _74\"> </span>(153) <span class=\"_ _106\"> </span> <span class=\"_ _ad\"> </span>(3,570) <span class=\"_ _106\"> </span> <span class=\"_ _1f1\"> </span>4,242 <span class=\"_ _141\"> </span> <span class=\"_ _68\"> </span>525 <span class=\"_ _141\"> </span> <span class=\"_ _22\"> </span>2 <span class=\"_ _9e\"> </span> <span class=\"_ _7\"> </span>1,199<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _1b7\"> </span>Cash and cash equivalents includes \u00a3555 million (2021: \u00a3435 million) of restricted cash, of <span class=\"_ _b\"></span>which \u00a3440 million relates to cash received from the Energy Bill Support<span class=\"_ _2b7\"> </span>Scheme. This includes cash totalling \u00a36 million (2021: \u00a331 million) within the Spirit<span class=\"_ _b\"></span> Energy business that is not restricted by regulation but is managed by Spirit Energy\u2019s<span class=\"_ _2b7\"> </span>own treasury department.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>Cash and cash equivalents are net of \u00a3600 million bank overdrafts (2021:<span class=\"_ _b\"></span> \u00a3750 million).<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _141\"> </span>Securities balances includes \u00a3403 million of loans to the pension schemes, measured at amortised cost, \u00a367 million (2021: \u00a383 <span class=\"_ _1\"></span>million) other debt instruments and<span class=\"_ _2b7\"> </span>\u00a355 million (2021: \u00a352 million) equity instruments, both measured at fair value.<span class=\"_ _1\"></span> See note 22 for further details on pension loans provided.<span class=\"_ _2b7\"> </span>(iv)<span class=\"_ _8a\"> </span>Group adjusted net cash at 31 December 2021 includes \u00a36 million of lease liabilities and \u00a318 million of cash and cash equivalents <span class=\"_ _1\"></span>held for sale related to the Norwegian<span class=\"_ _2b7\"> </span>disposal group, and current and non-current securities includes \u00a321 million <span class=\"_ _1\"></span>related to the Driivz business held for sale at that date. Disposal of business in 2022<span class=\"_ _2b7\"> </span>represents the disposal of these items as part of the sale of these businesses, and the cash received for the sale is shown as part of remaining <span class=\"_ _b\"></span>cash inflow. Disposal of<span class=\"_ _2b7\"> </span>business in 2021 relates to the adjusted net cash items disposed of with the sale of Direct Energy in January 2021.<span class=\"_ _2b7\"> </span>(v)<span class=\"_ _14\"> </span>Remaining cash inflow includes financing cash outflows of \u00a359 million relating to equity dividends paid (see note 9), \u00a3273 million of distributions to non-controlling<span class=\"_ _2b7\"> </span>interests (see note 12) and \u00a343 million related to the share buyback programme<span class=\"_ _1\"></span>. There is a liability of \u00a3207 million recognised at 31 December 2022 related to this<span class=\"_ _2b7\"> </span>programme. See note S4 for further details.<span class=\"_ _2b7\"> </span>(vi)<span class=\"_ _8a\"> </span>Bond repayment comprises the scheduled \u00a336 million repayment of a 3.68% HKD bond repaid on 22 February 2022, and \u00a3246 million repayment of a 6.375% GBP bond<span class=\"_ _2b7\"> </span>repaid on 10 March 2022. During August 2022 the Group borrowed \u00a31,200 million, which was r<span class=\"_ _1\"></span>epaid in September 2022. During December 2022 short-term borrowing of<span class=\"_ _2b7\"> </span>\u00a320 million was obtained. See note 24(b) for collateral volatility. Bond <span class=\"_ _1\"></span>repayment in 2021 comprises \u00a3650 million repayment of a 3% Euro bond which the Group had the<span class=\"_ _2b7\"> </span>right to repay at par on 10 April 2021 net of \u00a3106 million foreign exchange gain on the associated Euro bond derivative.<span class=\"_ _2b7\"> </span>(d) <span class=\"_ _1b7\"> </span>Borrowings, leases and interest accruals summary<span class=\"_ _2b7\"> </span>2022<span class=\"_ _cd\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>31 December<span class=\"_ _2b7\"> </span>Coupon rate<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>Principal<span class=\"_ _2b7\"> </span>m<span class=\"_ _2b7\"> </span>Current<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Non-current<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Current<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Non-current<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Bank overdrafts<span class=\"_ _fa\"> </span><span class=\"ff66\"> <span class=\"_ _4a\"> </span>(600) <span class=\"_ _8f\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4a\"> </span>(600)</span> <span class=\"_ _1f1\"> </span>(750) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _81\"> </span>(750)<span class=\"_ _2b7\"> </span>Bank loans (&gt; 5 year maturity)<span class=\"_ _22f\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>(143) <span class=\"_ _8f\"> </span> <span class=\"_ _4a\"> </span>(143)</span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _81\"> </span>(137) <span class=\"_ _106\"> </span> <span class=\"_ _1f1\"> </span>(137)<span class=\"_ _2b7\"> </span>Other borrowings<span class=\"_ _230\"> </span><span class=\"ff66\"> <span class=\"_ _7c\"> </span>(20) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _7c\"> </span>(20)</span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _8\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>\u2014<span class=\"_ _2b7\"> </span>Bonds (by maturity date):<span class=\"_ _2b7\"> </span>22 February 2022<span class=\"_ _1fb\"> </span>3.680<span class=\"_ _75\"> </span>HK$450<span class=\"_ _8d\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _11c\"> </span></span> <span class=\"_ _30\"> </span>(43) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _26\"> </span>(43)<span class=\"_ _2b7\"> </span>10 March 2022<span class=\"_ _231\"> </span>6.375<span class=\"_ _146\"> </span>\u00a3246<span class=\"_ _147\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _11c\"> </span></span> <span class=\"_ _1f1\"> </span>(241) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _81\"> </span>(241)<span class=\"_ _2b7\"> </span>16 October 2023<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>4.000<span class=\"_ _75\"> </span>US$302<span class=\"_ _147\"> </span><span class=\"ff66\"> <span class=\"_ _4a\"> </span>(246) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>(246) <span class=\"_ _13e\"> </span></span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _81\"> </span>(228) <span class=\"_ _106\"> </span> <span class=\"_ _1f1\"> </span>(228)<span class=\"_ _2b7\"> </span>4 September 2026 (i)<span class=\"_ _2b7\"> </span>6.400<span class=\"_ _50\"> </span>\u00a352<span class=\"_ _8d\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _7c\"> </span>(49) <span class=\"_ _106\"> </span> <span class=\"_ _7c\"> </span>(49) <span class=\"_ _13e\"> </span></span> <span class=\"_ _8\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _26\"> </span>(55) <span class=\"_ _106\"> </span> <span class=\"_ _26\"> </span>(55)<span class=\"_ _2b7\"> </span>16 April 2027<span class=\"_ _20\"> </span>5.900<span class=\"_ _e4\"> </span>US$70<span class=\"_ _147\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _7c\"> </span>(58) <span class=\"_ _106\"> </span> <span class=\"_ _7c\"> </span>(58) <span class=\"_ _13e\"> </span></span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _26\"> </span>(51) <span class=\"_ _106\"> </span> <span class=\"_ _26\"> </span>(51)<span class=\"_ _2b7\"> </span>13 March 2029<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>4.375<span class=\"_ _146\"> </span>\u00a3552<span class=\"_ _147\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4a\"> </span>(471) <span class=\"_ _8f\"> </span> <span class=\"_ _4a\"> </span>(471) <span class=\"_ _13e\"> </span></span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _81\"> </span>(559) <span class=\"_ _106\"> </span> <span class=\"_ _1f1\"> </span>(559)<span class=\"_ _2b7\"> </span>5 January 2032<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _2b7\"> </span>Zero<span class=\"_ _50\"> </span>\u20ac50<span class=\"_ _8d\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _7c\"> </span>(69) <span class=\"_ _106\"> </span> <span class=\"_ _7c\"> </span>(69) <span class=\"_ _13e\"> </span></span> <span class=\"_ _8\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _26\"> </span>(63) <span class=\"_ _106\"> </span> <span class=\"_ _26\"> </span>(63)<span class=\"_ _2b7\"> </span>19 September 2033 (i)<span class=\"_ _2b7\"> </span>7.000<span class=\"_ _146\"> </span>\u00a3770<span class=\"_ _147\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4a\"> </span>(684) <span class=\"_ _8f\"> </span> <span class=\"_ _4a\"> </span>(684) <span class=\"_ _13e\"> </span></span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _81\"> </span>(788) <span class=\"_ _106\"> </span> <span class=\"_ _1f1\"> </span>(788)<span class=\"_ _2b7\"> </span>16 October 2043<span class=\"_ _13d\"> </span>5.375<span class=\"_ _75\"> </span>US$367<span class=\"_ _147\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4a\"> </span>(299) <span class=\"_ _8f\"> </span> <span class=\"_ _4a\"> </span>(299) <span class=\"_ _13e\"> </span></span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _81\"> </span>(267) <span class=\"_ _106\"> </span> <span class=\"_ _1f1\"> </span>(267)<span class=\"_ _2b7\"> </span>12 September 2044<span class=\"_ _1a\"> </span>4.250<span class=\"_ _146\"> </span>\u00a3550<span class=\"_ _147\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4a\"> </span>(539) <span class=\"_ _8f\"> </span> <span class=\"_ _4a\"> </span>(539) <span class=\"_ _13e\"> </span></span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _81\"> </span>(538) <span class=\"_ _106\"> </span> <span class=\"_ _1f1\"> </span>(538)<span class=\"_ _2b7\"> </span>25 September 2045<span class=\"_ _1a\"> </span>5.250<span class=\"_ _e4\"> </span>US$50<span class=\"_ _147\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _30\"> </span>(41) <span class=\"_ _8f\"> </span> <span class=\"_ _7c\"> </span>(41) <span class=\"_ _13e\"> </span></span> <span class=\"_ _8\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _26\"> </span>(36) <span class=\"_ _106\"> </span> <span class=\"_ _26\"> </span>(36)<span class=\"_ _2b7\"> </span>10 April 2075<span class=\"_ _2b7\"> </span>(i) (iii)<span class=\"_ _2b7\"> </span>5.250<span class=\"_ _146\"> </span>\u00a3450<span class=\"_ _147\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4a\"> </span>(418) <span class=\"_ _8f\"> </span> <span class=\"_ _4a\"> </span>(418) <span class=\"_ _13e\"> </span></span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _81\"> </span>(455) <span class=\"_ _106\"> </span> <span class=\"_ _1f1\"> </span>(455) <span class=\"_ _4a\"> </span>(246) <span class=\"_ _8f\"> </span> <span class=\"_ _18\"> </span>(2,628) <span class=\"_ _106\"> </span> <span class=\"_ _18\"> </span>(2,874) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _1f1\"> </span>(284) <span class=\"_ _106\"> </span> <span class=\"_ _7a\"> </span>(3,040) <span class=\"_ _106\"> </span> <span class=\"_ _e5\"> </span>(3,324)<span class=\"_ _2b7\"> </span></span>Obligations under lease arrangements <span class=\"_ _7c\"> </span>(88) <span class=\"_ _106\"> </span> <span class=\"_ _4a\"> </span>(237) <span class=\"_ _8f\"> </span> <span class=\"_ _4a\"> </span>(325) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _1f1\"> </span>(102) <span class=\"_ _106\"> </span> <span class=\"_ _1f1\"> </span>(262) <span class=\"_ _106\"> </span> <span class=\"_ _1f1\"> </span>(364)<span class=\"_ _2b7\"> </span></span>Interest accruals <span class=\"_ _7c\"> </span>(55) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _7c\"> </span>(55) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _26\"> </span>(68) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _26\"> </span>(68</span> <span class=\"_ _18\"> </span>(1,009) <span class=\"_ _8f\"> </span> <span class=\"_ _18\"> </span>(3,008) <span class=\"_ _106\"> </span> <span class=\"_ _18\"> </span>(4,017) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _7a\"> </span>(1,204) <span class=\"_ _106\"> </span> <span class=\"_ _e5\"> </span>(3,439) <span class=\"_ _106\"> </span> <span class=\"_ _7a\"> </span>(4,643)<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _1b7\"> </span>Bonds or portions of bonds maturing in 2023, 2026, 2029, 2033 and 2075 have been designated in a fair value hedge relationship.<span class=\"_ _1\"></span> See note S5 for details of hedge<span class=\"_ _2b7\"> </span>relationships.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>\u20ac50 million of zero coupon notes have an accrual yield of 4.2%, which will result in a \u20ac114 million repayment on maturity.<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _141\"> </span>The Group has the right to repay at par on 10 April 2025 and every interest payment date thereafter.<span class=\"_ _2b7\"> </span>25.<span class=\"_ _13e\"> </span>Share capital<span class=\"_ _2b7\"> </span>Ordinary share capital represents the total number of shares issued which are publicly traded. We also disclose the<span class=\"_ _2b7\"> </span>number of own and treasury shares the Company holds, which the Company has bought, principally as part of share<span class=\"_ _2b7\"> </span>repurchase programmes.<span class=\"_ _2b7\"> </span>Allotted and fully paid share capital of the Company<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>5,907,846,138 ordinary shares of 6<span class=\"_ _2b7\"> </span>14/81 pence each (2021: 5,881,438,431)<span class=\"_ _232\"> </span><span class=\"ff66\">365<span class=\"_ _5b\"> </span></span>363<span class=\"_ _2b7\"> </span>During the year 26 million ordinary shares were issued at an average original purchase price of 70.8 pence for employee share awards.<span class=\"_ _2b7\"> </span>The closing price of one Centrica ordinary share on 31 December 2022<span class=\"_ _1\"></span> was 96.5 pence (2021: 71.5 pence). Centrica employee share<span class=\"_ _2b7\"> </span>ownership trusts purchase Centrica ordinary shares from the open market and receive treasury shares to satisfy future obligations of<span class=\"_ _2b7\"> </span>certain employee share schemes. The movements in own and treasury shares during the year are shown below:<span class=\"_ _2b7\"> </span>Own shares<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>Treasury shares<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>million shares<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>million shares<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>million shares<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>million shares<span class=\"_ _2b7\"> </span>1 January <span class=\"_ _10c\"> </span>33.8 <span class=\"_ _146\"> </span>59.6 <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _bc\"> </span>\u2014<span class=\"_ _2b7\"> </span>Shares purchased <span class=\"_ _187\"> </span>6.5 <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _bc\"> </span>\u2014<span class=\"_ _2b7\"> </span>Shares issued and placed into trust <span class=\"_ _187\"> </span>8.4 <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _bc\"> </span>\u2014<span class=\"_ _2b7\"> </span>Shares released to employees on vesting <span class=\"_ _68\"> </span>(18.3) <span class=\"_ _13f\"> </span>(25.8) <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _bc\"> </span>\u2014<span class=\"_ _2b7\"> </span>Share buyback programme<span class=\"_ _2b7\"> </span>(ii) <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _a9\"> </span></span> <span class=\"_ _10c\"> </span>45.7 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _bc\"> </span>\u2014<span class=\"_ _2b7\"> </span></span>31 December (i) <span class=\"_ _10c\"> </span>30.4 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _146\"> </span>33.8 <span class=\"_ _a9\"> </span></span> <span class=\"_ _10c\"> </span>45.7 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _bc\"> </span>\u2014<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _1b7\"> </span>Own shares are shares held in trusts to meet employee share awards. Treasury shares are shares that have been purchased from the open market and have not been<span class=\"_ _2b7\"> </span>cancelled. The closing balance in the treasury and own share reserve of own shares was \u00a320 million (<span class=\"_ _1\"></span>2021: \u00a318 million) and treasury shares was \u00a343 million (2021: \u00a3nil).<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>See Note S4 for further details of the share buyback programme.<span class=\"_ _2b7\"> </span>26.Events after the balance sheet date<span class=\"_ _2b7\"> </span>The Group updates disclosures in light of new information being received, or a significant event occurring, in the<span class=\"_ _2b7\"> </span>period between 31 December 2022 and the date of this report.<span class=\"_ _2b7\"> </span>The Directors propose a final dividend of 2.00 pence per ordinary share (totalling \u00a3118 million) for the year ended 31 December 2022.<span class=\"_ _2b7\"> </span>The dividend will be submitted for formal approval at the Annual General Meeting to be held on 13 June 2023 and, subject to approval<span class=\"_ _2b7\"> </span>will be paid on 20 July 2023 to those shareholders on the register at 9 June 2023.<span class=\"_ _2b7\"> </span>The Group also announced an intention to extend the existing share buyback programme of \u00a3250 million by an additional \u00a3300 million.<span class=\"_ _2b7\"> </span>Supplementary information includes additional information and disclosures we are required to make by accounting<span class=\"_ _2b7\"> </span>standards or regulation.<span class=\"_ _2b7\"> </span>S1.General information<span class=\"_ _2b7\"> </span>Centrica plc (the \u2018Company\u2019) is a public company limited by shares, domiciled and incorporated in the UK, and registered in England<span class=\"_ _2b7\"> </span>and Wales. The address of the registered office is Millstream, Maidenhead Road, Windsor, Berkshire, SL4 5GD. The Company, together<span class=\"_ _2b7\"> </span>with its subsidiaries comprise the \u2018Group\u2019. The nature of the Group\u2019s operations and principal activities are set out in note <span class=\"_ _1\"></span>4(a) and on<span class=\"_ _2b7\"> </span>pages 1 to 54.<span class=\"_ _2b7\"> </span>The consolidated Financial Statements of Centrica plc are presented in pounds sterling. Operations and transactions conducted in<span class=\"_ _2b7\"> </span>currencies other than pounds sterling are included in the consolidated Financial Statements in accordance with the foreign currencies<span class=\"_ _2b7\"> </span>accounting policy set out in note S2.<span class=\"_ _2b7\"> </span>S2.<span class=\"_ _2b7\"> </span>Summary of significant accounting policies<span class=\"_ _1\"></span> This section sets out the Group\u2019s significant accounting policies in addition to the critical accounting policies applied in<span class=\"_ _2b7\"> </span>the preparation of these consolidated Financial Statements. Unless otherwise stated, these accounting policies ha<span class=\"_ _1\"></span>ve<span class=\"_ _2b7\"> </span>been consistently applied to the years presented.<span class=\"_ _2b7\"> </span>Basis of consolidation<span class=\"_ _2b7\"> </span>The Group Financial Statements consolidate the Financial Statements of the Company and entities controlled by the Company.<span class=\"_ _2b7\"> </span>Subsidiaries are all entities (including structured entities) over which the Group has control. Control is exercised over an entity when the<span class=\"_ _2b7\"> </span>Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through<span class=\"_ _2b7\"> </span>its power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are<span class=\"_ _2b7\"> </span>deconsolidated from the date that control ceases. Transactions with non-controlling interests that relate to their ownership interests and<span class=\"_ _2b7\"> </span>do not result in a loss of control are accounted for as equity transactions.<span class=\"_ _2b7\"> </span>The results of subsidiaries acquired or disposed of during the year are consolidated from the effective date of acquisition (at which point<span class=\"_ _2b7\"> </span>the Group gains control over a business as defined by IFRS 3, and applies the acquisition method to account for the transaction as a<span class=\"_ _2b7\"> </span>business combination) or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial<span class=\"_ _2b7\"> </span>statements of subsidiaries, associates and joint ventures to align the accounting policies with those used by the Group.<span class=\"_ _2b7\"> </span>When the Group ceases to have control, any retained interest in the entity is re-measured to its fair value with the change in carrying<span class=\"_ _2b7\"> </span>amount recognised in profit or loss. This fair value becomes the initial carrying amount for the purposes of subsequently accounting for<span class=\"_ _2b7\"> </span>the retained interest as a joint venture, associate or financial asset.<span class=\"_ _2b7\"> </span>Segmental reporting<span class=\"_ _2b7\"> </span>The Group\u2019s operating segments are reported in a manner consistent with the internal reporting provided to and regularly reviewed by<span class=\"_ _2b7\"> </span>the Group\u2019s Executive Committee (which is the Group\u2019s Chief Operating Decision Maker as defined by IFRS 8: \u2018Operating segments\u2019) for<span class=\"_ _2b7\"> </span>the purposes of evaluating segment performance and allocating resources.<span class=\"_ _2b7\"> </span>Revenue<span class=\"_ _2b7\"> </span>Energy supply to business and residential customers<span class=\"_ _2b7\"> </span>The vast majority of contractual energy supply arrangements have no fixed duration, and require no minimum consumption by the<span class=\"_ _2b7\"> </span>customer. No enforceable rights and obligations exist at inception of the contract and arise only once the cooling off period is complete<span class=\"_ _2b7\"> </span>and the Group is the legal supplier of energy to the customer. The performance obligation is the supply of energy over the contractual<span class=\"_ _2b7\"> </span>term; the units of supply represent a series of distinct goods that are substantially the same with the same pattern of transfer to the<span class=\"_ _2b7\"> </span>customer. The performance obligation is considered to be satisfied as the customer consumes based on the units of energy delivered.<span class=\"_ _2b7\"> </span>This is the point at which revenue is recognised. In respect of energy supply contracts, the Group considers that it has the right to<span class=\"_ _2b7\"> </span>consideration from the customer for an amount that corresponds directly with the invoiced value delivered to the customer through their<span class=\"_ _2b7\"> </span>consumption. The Group\u2019s assessment of the amount that it has a right to invoice includes an assessment of energy supplied to<span class=\"_ _2b7\"> </span>customers between the date of the last meter reading and the year end (known as unread revenue). Unread gas and electricity comprises<span class=\"_ _2b7\"> </span>both billed and unbilled revenue and is estimated through the billing systems, using historical consumption patterns, on a customer-by-<span class=\"_ _2b7\"> </span>customer basis, taking into account weather patterns, load forecasts and the differences between actual meter readings being returned<span class=\"_ _2b7\"> </span>and system estimates. Actual meter readings continue to be compared to system estimates between the balance sheet date and the<span class=\"_ _2b7\"> </span>finalisation of the accounts.<span class=\"_ _2b7\"> </span>The Group holds a number of energy supply contracts that specify a minimum consumption volume over a specified contractual term.<span class=\"_ _2b7\"> </span>The transaction price for these contracts is the minimum supply volume multiplied by the contractually agreed price per unit of energy.<span class=\"_ _2b7\"> </span>Revenue from the sale of additional volumes is considered to be variable and not included in the transaction price. Revenue for these<span class=\"_ _2b7\"> </span>contracts continues to be recognised as invoiced.<span class=\"_ _2b7\"> </span>In making disclosures under IFRS 15, the Group applies the practical expedient in paragraph 121 of IFRS 15 and therefore does not<span class=\"_ _2b7\"> </span>disclose information related to the transaction price allocated to remaining performance obligations on the basis that the Group recognises<span class=\"_ _2b7\"> </span>revenue from the satisfaction of the performance obligations within energy supply contracts in accordance with Paragraph B16.<span class=\"_ _2b7\"> </span>Supplementary Information<span class=\"_ _2b7\"> </span>S2.<span class=\"_ _2b7\"> </span>Summary of significant accounting policies<span class=\"_ _1\"></span> Energy services provided to business and residential customers<span class=\"_ _2b7\"> </span>Energy services relate to the installation, repair and maintenance of central heating, ventilation and air conditioning systems.<span class=\"_ _2b7\"> </span>In the UK, delivery of an item is considered a separate performance obligation to the installation of the item, both satisfied at a point in<span class=\"_ _2b7\"> </span>time. Delivery is the point at which control passes to the customer as the customer takes physical possession of the asset. It is also the<span class=\"_ _2b7\"> </span>point at which the Group has the right to consideration. Delivery and installation usually occur at the same point in time and consequently<span class=\"_ _2b7\"> </span>revenue is recognised for both performance obligations simultaneously.<span class=\"_ _2b7\"> </span>Sales of LNG<span class=\"_ _2b7\"> </span>Revenue arising from sales of LNG is recognised when control of the commodity passes to the counterparty, with each cargo representing<span class=\"_ _2b7\"> </span>a separate performance obligation satisfied at a point in time.<span class=\"_ _2b7\"> </span>Sales of own gas and liquid production<span class=\"_ _2b7\"> </span>Revenue arising from the sale of produced gas is recognised in a manner consistent with energy supply contracts with the revenue<span class=\"_ _2b7\"> </span>recognition profile reflecting the supply of gas to the customer.<span class=\"_ _2b7\"> </span>The rights and obligations identifiable within a contract where the Group holds sellers\u2019 nomination rights are considered to be enforceable<span class=\"_ _2b7\"> </span>from inception of the contract. The transaction price for the contract will include variable consideration based on forecast production and<span class=\"_ _2b7\"> </span>market prices. The point at which the performance obligation is satisfied and revenue recognised is the point at which control of the<span class=\"_ _2b7\"> </span>commodity passes to the customer according to the contractual trading terms, usually on shipment or delivery to a specified location.<span class=\"_ _1\"></span><span class=\"ff6d\"> </span>Energy sales to trading and energy procurement counterparties<span class=\"_ _2b7\"> </span>Revenue arising from the sale of energy procured from generation asset owners to trading and energy procurement counterparties is also<span class=\"_ _2b7\"> </span>recognised in a manner consistent with energy supply contracts. There is a single performance obligation being the supply of energy over<span class=\"_ _2b7\"> </span>the contractual term at spot prices and revenue is recognised at the point at which energy is supplied to the counterparty in accordance<span class=\"_ _2b7\"> </span>with the contractual terms.<span class=\"_ _2b7\"> </span>Revenue arising from contracts outside the scope of IFRS 15<span class=\"_ _2b7\"> </span>Revenue from sources other than the Group\u2019s contracts with customers is recognised in accordance with the relevant standard,<span class=\"_ _2b7\"> </span>as detailed below:<span class=\"_ _2b7\"> </span>Fixed-fee service and insurance contracts: revenue from these contracts is recognised in the Group Income Statement with regard to the<span class=\"_ _2b7\"> </span>incidence of risk over the life of the contract, reflecting the seasonal propensity of claims to be made under the contracts and the benefits<span class=\"_ _2b7\"> </span>receivable by the customer, which span the life of the contract as a result of emergency maintenance being available throughout the<span class=\"_ _2b7\"> </span>contract term.<span class=\"_ _2b7\"> </span>Power generation: revenue is recognised under IFRS 9 where contracts to supply power are measured at fair value.<span class=\"_ _2b7\"> </span>Cost of sales<span class=\"_ _2b7\"> </span>Energy supply includes the cost of gas and electricity produced and purchased during the year for own-use contracts, taking into account<span class=\"_ _2b7\"> </span>the industry reconciliation process for total gas and total electricity usage by supplier and related transportation, distribution, royalty costs<span class=\"_ _2b7\"> </span>and bought-in materials and services.<span class=\"_ _2b7\"> </span>Cost of sales relating to fixed-fee service and insurance contracts includes direct labour and related overheads on installation work, repairs<span class=\"_ _2b7\"> </span>and service contracts in the year.<span class=\"_ _2b7\"> </span>Cost of sales relating to gas production includes depreciation of assets used in production of gas, royalty costs and direct labour costs.<span class=\"_ _2b7\"> </span>Cost of sales within power generation businesses includes the depreciation of assets included in generating power, fuel purchase costs,<span class=\"_ _2b7\"> </span>direct labour costs and carbon emissions costs.<span class=\"_ _2b7\"> </span>Re-measurement and settlement of energy contracts<span class=\"_ _2b7\"> </span>Re-measurement and settlement of energy contracts includes both realised (settled) commodity sales and purchase contracts in the<span class=\"_ _2b7\"> </span>scope of IFRS 9, as well as unrealised (fair value changes) on active contracts, as detailed further in note 2.<span class=\"_ _2b7\"> </span>Financing costs<span class=\"_ _2b7\"> </span>Financing costs that arise in connection with the acquisition, construction or production of a qualifying asset are capitalised and<span class=\"_ _2b7\"> </span>subsequently amortised in line with the depreciation of the related asset. Financing costs not arising in connection with the acquisition,<span class=\"_ _2b7\"> </span>construction or production of a qualifying asset are expensed.<span class=\"_ _2b7\"> </span>S2.<span class=\"_ _2b7\"> </span>Summary of significant accounting policies<span class=\"_ _1\"></span> Foreign currencies<span class=\"_ _2b7\"> </span>The consolidated Financial Statements are presented in pounds sterling, the functional currency of the Company and the Group\u2019s<span class=\"_ _2b7\"> </span>presentational currency. Each entity in the Group determines its own functional currency and items included in the financial statements of<span class=\"_ _2b7\"> </span>each entity are measured using that functional currency. Transactions in foreign currencies are initially recorded in the functional currency<span class=\"_ _2b7\"> </span>of the entity at the exchange rate ruling at the date of the transaction.<span class=\"_ _2b7\"> </span>Monetary assets and liabilities denominated in foreign currencies are retranslated to the functional currency of the relevant entity at the rate<span class=\"_ _2b7\"> </span>of exchange ruling at the balance sheet date and exchange movements included in the Group Income Statement for the period.<span class=\"_ _2b7\"> </span>Non-monetary items that are measured at historical cost in a currency other than the functional currency of the entity concerned are<span class=\"_ _2b7\"> </span>translated using the exchange rate prevailing at the dates of the initial transaction.<span class=\"_ _2b7\"> </span>For the purpose of presenting consolidated Financial Statements, the assets and liabilities of the Group\u2019s non-sterling functional currency<span class=\"_ _2b7\"> </span>subsidiary undertakings, joint ventures and associates are translated into pounds sterling at exchange rates prevailing at the balance sheet<span class=\"_ _2b7\"> </span>date. The monthly results of these (generally foreign) subsidiary undertakings, joint ventures and associates are translated into pounds<span class=\"_ _2b7\"> </span>sterling each month at the average rates of exchange for that month. The closing exchange rates, and the average of the rates used to<span class=\"_ _2b7\"> </span>translate the results of foreign operations to pounds sterling are shown below.<span class=\"_ _2b7\"> </span>Exchange rate per pounds sterling (\u00a3)<span class=\"_ _2b7\"> </span>Closing rate at<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>Average rate for the year ended<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _f5\"> </span><span class=\"ff6b fcf\">2021<span class=\"_ _72\"> </span></span>2022<span class=\"_ _5b\"> </span><span class=\"ff6b fcf\">2021<span class=\"_ _2b7\"> </span></span>US dollars<span class=\"_ _233\"> </span><span class=\"ff66\">1.20<span class=\"_ _bc\"> </span></span>1.35<span class=\"_ _53\"> </span><span class=\"ff66\">1.24<span class=\"_ _1b9\"> </span></span>1.37<span class=\"_ _2b7\"> </span>Canadian dollars<span class=\"_ _18e\"> </span><span class=\"ff66\">1.63<span class=\"_ _1b9\"> </span></span>1.71<span class=\"_ _53\"> </span><span class=\"ff66\">1.61<span class=\"_ _bc\"> </span></span>1.72<span class=\"_ _2b7\"> </span>Euro<span class=\"_ _234\"> </span><span class=\"ff66\">1.14<span class=\"_ _bc\"> </span></span>1.19<span class=\"_ _53\"> </span><span class=\"ff66\">1.17<span class=\"_ _1b9\"> </span></span>1.16<span class=\"_ _2b7\"> </span>Norwegian krone<span class=\"_ _163\"> </span><span class=\"ff66\">11.89<span class=\"_ _22\"> </span></span>11.93<span class=\"_ _f5\"> </span><span class=\"ff66\">11.84<span class=\"_ _22\"> </span></span>11.85<span class=\"_ _2b7\"> </span>Danish krone<span class=\"_ _235\"> </span><span class=\"ff66\">8.51<span class=\"_ _bc\"> </span></span>8.85<span class=\"_ _53\"> </span><span class=\"ff66\">8.73<span class=\"_ _1b9\"> </span></span>8.65<span class=\"_ _2b7\"> </span>Exchange adjustments arising from the retranslation of the opening net assets and results of non-sterling functional currency operations<span class=\"_ _2b7\"> </span>are transferred to the Group\u2019s foreign currency translation reserve, a separate component of equity, and are reported in other<span class=\"_ _2b7\"> </span>comprehensive income. In the event of the disposal of a non-sterling functional currency subsidiary, the cumulative translation difference<span class=\"_ _2b7\"> </span>arising in the foreign currency translation reserve is charged or credited to the Group Income Statement on disposal. Where the Group<span class=\"_ _2b7\"> </span>utilises net investment hedging, changes in the fair value of the hedging instrument are recognised in equity and remain there until the<span class=\"_ _2b7\"> </span>disposal of the specific, related investments, at which point the gains and losses are recycled to profit or loss. The Group previously<span class=\"_ _2b7\"> </span>employed net investment hedging but ceased in 2009, with historic hedging gains and losses remaining in equity until the disposal of the<span class=\"_ _2b7\"> </span>related investment. During 2020 the Group recommenced net investment hedging in respect of the US dollar functional currency<span class=\"_ _2b7\"> </span>subsidiaries in its Direct Energy business up until the date of disposal in January 2021.<span class=\"_ _2b7\"> </span>Employee share schemes<span class=\"_ _2b7\"> </span>The Group operates a number of employee share schemes, detailed in the Remuneration Report on pages 84 to 86, under which it makes<span class=\"_ _2b7\"> </span>equity-settled share-based payments to certain employees. Equity-settled share-based payments are measured at fair value at the date of<span class=\"_ _2b7\"> </span>grant (excluding the effect of non-market-based vesting conditions). The fair value determined at the grant date is expensed on a straight-<span class=\"_ _2b7\"> </span>line basis together with a corresponding increase in equity over the vesting period, based on the Group\u2019s estimate of the number of<span class=\"_ _2b7\"> </span>awards that will vest, and adjusted for the effect of non-market-based vesting conditions.<span class=\"_ _2b7\"> </span>The majority of the share-based payment charge arises from the Annual Incentive Plan. This scheme is applicable to senior executives,<span class=\"_ _2b7\"> </span>and senior and middle management. Shares issued under the scheme vest subject to continued employment within the Group in two<span class=\"_ _2b7\"> </span>stages (half after two years and the other half after three years). Employees leaving prior to the vesting date will normally forfeit their rights<span class=\"_ _2b7\"> </span>to unvested share awards. The fair value of the awards is measured using the market value at the date of grant.<span class=\"_ _2b7\"> </span>More information is included in the Remuneration Report on pages 84 to 86.<span class=\"_ _2b7\"> </span>Share buyback programme<span class=\"_ _2b7\"> </span>On 10th November 2022, the Group announced an intention to undertake a share buyback of \u00a3250 million, expected to complete by<span class=\"_ _2b7\"> </span>31 May 2023. The Group entered into contracts with third parties to undertake this repurchase programme and, as at 31 December 2022,<span class=\"_ _2b7\"> </span>\u00a343 million of shares had been purchased. The Group has recognised a financial liability on the basis that the terms and conditions of the<span class=\"_ _2b7\"> </span>contracts mean that, as at the year-end, it was unable to cancel the remaining obligation during the period to the Group\u2019s Preliminary<span class=\"_ _2b7\"> </span>Announcement on 16 February 2023. Accordingly, the Group has recorded a financial liability of \u00a3207 million for this remaining obligation,<span class=\"_ _2b7\"> </span>in accordance with IFRS 9: \u2018Financial Instruments\u2019.<span class=\"_ _2b7\"> </span>S2.<span class=\"_ _2b7\"> </span>Summary of significant accounting policies<span class=\"_ _1\"></span> Business combinations and goodwill<span class=\"_ _2b7\"> </span>The acquisition of subsidiaries is accounted for using the acquisition method (at the point the Group gains control over a business as<span class=\"_ _2b7\"> </span>defined by IFRS 3). The cost of the acquisition is measured as the cash paid and the aggregate of the fair values, at the date of exchange,<span class=\"_ _2b7\"> </span>of other assets transferred, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the<span class=\"_ _2b7\"> </span>acquiree. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration<span class=\"_ _2b7\"> </span>arrangement at the acquisition date.<span class=\"_ _2b7\"> </span>Acquisition-related costs are expensed as incurred. The identifiable assets, liabilities and contingent liabilities are recognised at their fair<span class=\"_ _2b7\"> </span>value at the acquisition date, except for non-current assets (or disposal groups) that are classified as held for sale in accordance with IFRS<span class=\"_ _2b7\"> </span>5. The Group recognises any non-controlling interests in the acquiree either at fair value or at the non-controlling interests\u2019 proportionate<span class=\"_ _2b7\"> </span>share of the recognised amounts of the acquiree\u2019s identifiable net assets.<span class=\"_ _2b7\"> </span>Goodwill arising on a business combination represents the excess of the consideration transferred, the amount of the non-controlling<span class=\"_ _2b7\"> </span>interests and the acquisition date fair value of any previously held interest in the acquiree over the Group\u2019s interest in the fair value of the<span class=\"_ _2b7\"> </span>identifiable net assets acquired. Goodwill arising on the acquisition of a stake in a joint venture or an associate represents the excess of<span class=\"_ _2b7\"> </span>the consideration transferred over the Group\u2019s interest in the fair value of the identifiable assets and liabilities of the investee at the date of<span class=\"_ _2b7\"> </span>acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less any accumulated impairment<span class=\"_ _2b7\"> </span>losses. The goodwill arising on an investment in a joint venture or in an associate is not recognised separately, but is shown under<span class=\"_ _2b7\"> </span>\u2018Interests in joint ventures and associates\u2019 in the Group Balance Sheet. If, after reassessment, the Group\u2019s interest in the net fair value of<span class=\"_ _2b7\"> </span>the acquiree\u2019s identifiable assets, liabilities and contingent liabilities exceeds the cost of the business combination, the excess is<span class=\"_ _2b7\"> </span>recognised immediately in the Group Income Statement.<span class=\"_ _2b7\"> </span>Acquisitions of joint operations that meet the definition of a business as defined in IFRS 3 are accounted for as business combinations.<span class=\"_ _2b7\"> </span>On disposal of a subsidiary, associate or joint venture entity, any amount of goodwill attributed to that entity is included in the<span class=\"_ _2b7\"> </span>determination of the profit or loss on disposal. A similar accounting treatment is applied on disposal of assets that represent a business.<span class=\"_ _2b7\"> </span>Other intangible assets<span class=\"_ _2b7\"> </span>Intangible assets acquired separately are measured on initial recognition at cost.<span class=\"_ _2b7\"> </span>Capitalisation begins when expenditure for the asset is being incurred and activities necessary to prepare the asset for use are in progress<span class=\"_ _2b7\"> </span>and ceases when substantially all the activities that are necessary to prepare the asset for use are complete. Amortisation commences at<span class=\"_ _2b7\"> </span>the point of commercial deployment. The cost of intangible assets acquired in a business combination is their fair value as at the date of<span class=\"_ _2b7\"> </span>acquisition.<span class=\"_ _2b7\"> </span>Following initial recognition, intangible assets are carried at cost less any accumulated amortisation and any accumulated impairment<span class=\"_ _2b7\"> </span>losses. Intangible assets with finite lives are amortised over their useful lives and are tested for impairment, as part of the CGU to which<span class=\"_ _2b7\"> </span>they relate where necessary, annually and whenever there is an indication that the asset could be impaired. The amortisation period and<span class=\"_ _2b7\"> </span>method for an intangible asset are reviewed at each financial year end. Changes in the expected useful life or the expected pattern of<span class=\"_ _2b7\"> </span>consumption of future economic benefits embodied in the asset are accounted for on a prospective basis by changing the amortisation<span class=\"_ _2b7\"> </span>period or method, as appropriate, and treated as changes in accounting estimates.<span class=\"_ _2b7\"> </span>Intangible assets are derecognised on disposal, or when no future economic benefits are expected from their use.<span class=\"_ _2b7\"> </span>Intangible assets with indefinite useful lives are not amortised but tested for impairment annually, and whenever there is an indication that<span class=\"_ _2b7\"> </span>the intangible asset could be impaired, either individually or at the CGU level. The indefinite life assessment is reviewed annually and, if not<span class=\"_ _2b7\"> </span>supportable, the change in the useful life assessment from indefinite to finite is made on a prospective basis.<span class=\"_ _2b7\"> </span>The useful economic lives for the principal categories of intangible assets are as follows:<span class=\"_ _2b7\"> </span>Customer relationships and other contractual assets<span class=\"_ _236\"> </span>Up to 20 years<span class=\"_ _2b7\"> </span>Strategic identifiable acquired brands<span class=\"_ _237\"> </span>Indefinite<span class=\"_ _2b7\"> </span>Application software<span class=\"_ _1e7\"> </span>Up to 15 years<span class=\"_ _2b7\"> </span>Strategic identifiable acquired brands are deemed to have indefinite lives where evidence suggests that the brand will generate net cash<span class=\"_ _2b7\"> </span>inflows for the Group for an indefinite period.<span class=\"_ _2b7\"> </span>Cloud computing arrangements<span class=\"_ _2b7\"> </span>The Group has a number of contracts for Software as a Service (SaaS) and Platform as a Service (PaaS) Cloud Computing Arrangements.<span class=\"_ _2b7\"> </span>These contracts permit the Group to access vendor-hosted software and platform services over the term of the arrangement. The Group<span class=\"_ _2b7\"> </span>does not control the underlying assets in these arrangements and costs are expensed as incurred.<span class=\"_ _2b7\"> </span>The Group also incurs implementation costs in respect of these contracts. Implementation costs are capitalised as intangible assets where<span class=\"_ _2b7\"> </span>costs meet the definition and recognition criteria of an intangible asset under IAS 38. Such costs typically relate to software coding which<span class=\"_ _2b7\"> </span>is capable of providing benefit to the Group on a standalone basis. Other implementation costs, primarily relating to the configuration and<span class=\"_ _2b7\"> </span>customisation of the Cloud software solution, are assessed to determine whether the implementation activity relating to these costs is<span class=\"_ _2b7\"> </span>distinct from the Cloud Arrangement, in which case costs are expensed as the activity occurs. If the configuration and customisation costs<span class=\"_ _2b7\"> </span>relate to activity which is integral to the Cloud Arrangement such that the activity is received over the term of the Cloud Arrangement,<span class=\"_ _2b7\"> </span>costs are recognised as a prepayment and expensed over the term of the Cloud Arrangement.<span class=\"_ _2b7\"> </span>S2.<span class=\"_ _2b7\"> </span>Summary of significant accounting policies<span class=\"_ _2b7\"> </span>UK &amp; EU Emissions Trading Scheme<span class=\"_ _2b7\"> </span>Purchased carbon dioxide emissions allowances are recognised initially at cost (purchase price) within intangible assets. The liability is<span class=\"_ _2b7\"> </span>measured at the cost of purchased allowances up to the level of purchased allowances held, and then at the market price of allowances<span class=\"_ _2b7\"> </span>ruling at the balance sheet date, with movements in the liability recognised in operating profit.<span class=\"_ _2b7\"> </span>Forward contracts for the purchase or sale of carbon dioxide emissions allowances are measured at fair value with gains and losses<span class=\"_ _2b7\"> </span>arising from changes in fair value recognised in the Group Income Statement. The intangible asset is surrendered and the liability is<span class=\"_ _2b7\"> </span>extinguished at the end of the compliance period. No amortisation is charged up to the date of surrender as the cost and residual value<span class=\"_ _2b7\"> </span>of the intangible asset are deemed to be the same with no consumption of economic benefit.<span class=\"_ _2b7\"> </span>Renewable certificates<span class=\"_ _2b7\"> </span>The Group purchases renewable certificates both on a standalone basis, and through Power Purchase Agreements. The main types of<span class=\"_ _2b7\"> </span>renewable certificates acquired are Renewable Energy Guarantees of Origin (REGOs) which are certificates issued by Ofgem certifying that<span class=\"_ _2b7\"> </span>electricity has been produced from renewable sources, Renewable Obligation Certificates (ROCs) which are issued to accredited<span class=\"_ _2b7\"> </span>generators for the eligible renewable electricity they generate and Guarantees of Origin (GoOs) which are the EU equivalent of REGOs.<span class=\"_ _2b7\"> </span>The Group uses renewable certificates to meet its obligations und<span class=\"_ _1\"></span>er a number of Ofgem schemes, namely the Feed-in Tariff (FIT), the<span class=\"_ _2b7\"> </span>Contracts for Difference (CFD), the Fuel Mix Disclosure (FMD) and the Renewables Obligation (RO) <span class=\"_ _1\"></span>scheme.<span class=\"_ _2b7\"> </span>Purchased renewable certificates are recognised initially at cost within intangible assets as an indefinite life asset. A liability for the RO is<span class=\"_ _2b7\"> </span>recognised based on the level of electricity supplied to customers, and is calculated in accordance with percentages set by the UK<span class=\"_ _2b7\"> </span>Government and the renewable obligation certificate buyout price for that period.<span class=\"_ _2b7\"> </span>The intangible asset is surrendered and the liability is extinguished at the end of the compliance period to reflect the consumption of<span class=\"_ _2b7\"> </span>economic benefits. Any recycling benefit related to the submission of renewable obligation certificates is recognised in the Group Income<span class=\"_ _2b7\"> </span>Statement when received. The Group also recognises supplier obligations for CFD and FIT schemes; renewable certificates are used to<span class=\"_ _2b7\"> </span>offset these liabilities.<span class=\"_ _2b7\"> </span>Cash flows relating to renewable obligation certificates and similar schemes are recognised within cash flows from operating activities.<span class=\"_ _2b7\"> </span>Exploration, evaluation, development and production assets<span class=\"_ _2b7\"> </span>The Group uses the successful efforts method of accounting for exploration and evaluation expenditure. Exploration and evaluation<span class=\"_ _2b7\"> </span>expenditures associated with an exploration well, including acquisition costs related to exploration and evaluation activities are capitalised<span class=\"_ _2b7\"> </span>initially as intangible assets. Certain expenditures such as geological and geophysical exploration costs are expensed. If the prospects are<span class=\"_ _2b7\"> </span>subsequently determined to be successful on completion of evaluation, the relevant expenditure is transferred to PP&amp;E. If the prospects<span class=\"_ _2b7\"> </span>are subsequently determined to be unsuccessful, the associated costs are expensed in the period in which that determination is made.<span class=\"_ _2b7\"> </span>All field development costs are capitalised as PP&amp;E. Such costs relate to the acquisition and installation of production facilities and include<span class=\"_ _2b7\"> </span>development drilling costs, project-related engineering and other technical services costs. PP&amp;E, including rights and concessions related<span class=\"_ _2b7\"> </span>to production activities, is depreciated from the commencement of production in the fields concerned, using the unit of production<span class=\"_ _2b7\"> </span>method, based on all of the 2P reserves of those fields. Changes in these estimates are dealt with prospectively.<span class=\"_ _2b7\"> </span>The net carrying value of fields in production and development is compared annually on a field-by-field basis with the likely discounted<span class=\"_ _2b7\"> </span>future net revenues to be derived from the remaining commercial reserves. An impairment loss is recognised where it is considered that<span class=\"_ _2b7\"> </span>recorded amounts are unlikely to be fully recovered from the net present value of future net revenues. Exploration assets are reviewed<span class=\"_ _2b7\"> </span>annually for indicators of impairment and production and development assets are tested annually for impairment.<span class=\"_ _2b7\"> </span>Interests in joint arrangements and associates<span class=\"_ _2b7\"> </span>T<span class=\"ff65\">he Group\u2019s joint ventures and associates (as defined in note 6) are accounted for using the equity method.<span class=\"_ _2b7\"> </span></span>The Group\u2019s interests in joint operations (gas exploration and production licence arrangements) are accounted for by recognising its<span class=\"_ _2b7\"> </span>assets (including its share of assets held jointly), its liabilities (including its share of liabilities incurred jointly), its revenue from the sale of<span class=\"_ _2b7\"> </span>its share of the output arising from the joint operation, its share of the revenue from the sale of the output by the joint operation and its<span class=\"_ _2b7\"> </span>expenses (including its share of any expenses incurred jointly).<span class=\"_ _2b7\"> </span>Where the Group has an equity stake or a participating interest in operations governed by a joint arrangement for which it is acting as<span class=\"_ _2b7\"> </span>operator, an assessment is carried out to confirm whether the Group is acting as agent or principal. As the terms and conditions<span class=\"_ _2b7\"> </span>negotiated between business partners usually provide joint control to the parties over the relevant activities of the gas fields that are<span class=\"_ _2b7\"> </span>governed by joint arrangements, the Group is usually deemed to be an agent when it is appointed as operator and not as principal as the<span class=\"_ _2b7\"> </span>contracts entered into presents gross liabilities and gross receivables of joint operations (including amounts due to or from non-operating<span class=\"_ _2b7\"> </span>partners) in the Group Balance Sheet in accordance with the netting rules of IAS 32: \u2018Financial instruments \u2013 presentation\u2019.<span class=\"_ _2b7\"> </span>Property, plant and equipment<span class=\"_ _2b7\"> </span>PP&amp;E is included in the Group Balance Sheet at cost, less accumulated depreciation and any provisions for impairment.<span class=\"_ _2b7\"> </span>Subsequent expenditure in respect of items of PP&amp;E, such as the replacement of major parts, major inspections or overhauls, are<span class=\"_ _2b7\"> </span>capitalised as part of the cost of the related asset where it is probable that future economic benefits will arise as a result of the expenditure<span class=\"_ _2b7\"> </span>and the cost can be reliably measured. All other subsequent expenditure is expensed as incurred.<span class=\"_ _2b7\"> </span>S2.<span class=\"_ _2b7\"> </span>Summary of significant accounting policies<span class=\"_ _2b7\"> </span>Freehold land is not depreciated. Other PP&amp;E, with the exception of upstream production assets (see above), are depreciated on a<span class=\"_ _2b7\"> </span>straight-line basis at rates sufficient to write off the cost, less estimated residual values, of individual assets over their estimated useful<span class=\"_ _2b7\"> </span>lives. The depreciation periods for the principal categories of assets are as follows:<span class=\"_ _2b7\"> </span>Freehold and leasehold buildings<span class=\"_ _238\"> </span>Up to 50 years<span class=\"_ _2b7\"> </span>Plant<span class=\"_ _239\"> </span>5 to 20 years<span class=\"_ _2b7\"> </span>Equipment and vehicles<span class=\"_ _199\"> </span>3 to 10 years<span class=\"_ _2b7\"> </span>Power generation assets<span class=\"_ _23a\"> </span>Up to 30 years<span class=\"_ _2b7\"> </span>The carrying values of PP&amp;E are tested annually for impairment and are reviewed for impairment when events or changes in circumstances<span class=\"_ _2b7\"> </span>indicate that the carrying value may not be recoverable. Residual values and useful lives are reassessed annually and, if necessary,<span class=\"_ _2b7\"> </span>changes are accounted for prospectively.<span class=\"_ _2b7\"> </span>Impairment assumptions<span class=\"_ _2b7\"> </span>The Group tests the carrying amounts of goodwill, PP&amp;E and intangible assets (with the exception of exploration assets) for impairment<span class=\"_ _2b7\"> </span>at least annually. Interests in joint ventures and associates and exploration assets are reviewed annually for indicators of impairment and<span class=\"_ _2b7\"> </span>tested for impairment where such an indicator arises. Where an asset does not generate cash flows that are independent from other<span class=\"_ _2b7\"> </span>assets, the Group estimates the recoverable amount of the CGU to which the asset belongs. The recoverable amount is the higher of<span class=\"_ _2b7\"> </span>value in use (VIU) and fair value less costs of disposal (FVLCD).<span class=\"_ _2b7\"> </span>At inception, goodwill is allocated to each of the Group\u2019s CGUs or groups of CGUs that expect to benefit from the business combination<span class=\"_ _2b7\"> </span>in which the goodwill arose. If the recoverable amount of an asset (or CGU) is estimated to be less than its carrying amount, the carrying<span class=\"_ _2b7\"> </span>amount of the asset (or CGU) is reduced to its recoverable amount. Any impairment is expensed immediately in the Group Income<span class=\"_ _2b7\"> </span>Statement. Any CGU impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the CGU and then to the<span class=\"_ _2b7\"> </span>other assets of the CGU pro rata on the basis of the carrying amount of each asset in the CGU.<span class=\"_ _2b7\"> </span>Further information on the assumptions used in the VIU calculations and FVLCD calculations that resulted in impairment or impairment<span class=\"_ _2b7\"> </span>reversals during the year can be found at note 7.<span class=\"_ _2b7\"> </span>VIU \u2013 Key assumptions used<span class=\"_ _2b7\"> </span>Pre-tax cash flows used in the VIU calculations are derived from the Group\u2019s Board-approved business plans, and assumptions sp<span class=\"_ _1\"></span>ecific to<span class=\"_ _2b7\"> </span>the nature and life of the asset. The Group\u2019s business plans and assumptions are based on past experience and adjusted to reflect market<span class=\"_ _2b7\"> </span>trends, economic conditions and key risks. Commodity prices used in the planning process are based in part on observable market data<span class=\"_ _2b7\"> </span>and in part on estimates. Note S6 provides additional detail on the active period of each of the commodity markets in which the Group<span class=\"_ _2b7\"> </span>operates.<span class=\"_ _2b7\"> </span>(a) VIU \u2013 Growth rates and discount rates<span class=\"_ _2b7\"> </span>Unless stated otherwise in the table below, cash flows beyond the planned period have been extrapolated using long-term growth rates in<span class=\"_ _2b7\"> </span>the market where the CGU operates. Long-term growth rates are determined using a blend of publicly available historical data and long-<span class=\"_ _2b7\"> </span>term growth rate forecasts published by external analysts. Cash flows are discounted using a discount rate specific to each CGU.<span class=\"_ _2b7\"> </span>Discount rates reflect the current market assessments of the time value of money and are based on the estimated cost of capital of each<span class=\"_ _2b7\"> </span>CGU. Additionally, risks specific to the cash flows of the CGUs are reflected within cash flow forecasts. Each CGU\u2019s weighted average<span class=\"_ _2b7\"> </span>cost of capital is then adjusted to reflect the impact of tax in order to calculate an equivalent pre-tax discount rate.<span class=\"_ _2b7\"> </span>Long-term growth rates and pre-tax discount rates used in the VIU calculations for each of the Group\u2019s CGUs are shown below.<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>British Gas<span class=\"_ _2b7\"> </span>Services &amp;<span class=\"_ _2b7\"> </span>Solutions<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>British Gas<span class=\"_ _2b7\"> </span>Energy %<span class=\"_ _2b7\"> </span>Centrica<span class=\"_ _2b7\"> </span>Business<span class=\"_ _2b7\"> </span>Solutions<span class=\"_ _2b7\"> </span>Energy<span class=\"_ _2b7\"> </span>Supply<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>Bord G\u00e1is<span class=\"_ _2b7\"> </span>Energy<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>Centrica<span class=\"_ _2b7\"> </span>Business<span class=\"_ _2b7\"> </span>Solutions<span class=\"_ _2b7\"> </span>(turbines/<span class=\"_ _2b7\"> </span>engines/<span class=\"_ _2b7\"> </span>battery/solar)<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>Energy<span class=\"_ _2b7\"> </span>Marketing &amp;<span class=\"_ _2b7\"> </span>Trading<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>Nuclear<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>Growth rate to perpetuity (including inflation)<span class=\"_ _f9\"> </span><span class=\"ff66\">2.0<span class=\"_ _2a\"> </span>2.0<span class=\"_ _2a\"> </span>2.0<span class=\"_ _85\"> </span>1.9<span class=\"_ _4d\"> </span>N/A<span class=\"_ _85\"> </span>2.0<span class=\"_ _2d\"> </span>N/A<span class=\"_ _2b7\"> </span></span>Pre-tax discount rate<span class=\"_ _de\"> </span><span class=\"ff66\">9.3<span class=\"_ _109\"> </span>10.0<span class=\"_ _b4\"> </span>11.3<span class=\"_ _85\"> </span>8.1<span class=\"_ _7e\"> </span>9.3/8.0</span> (ii)<span class=\"_ _2b7\"> </span>11.3<span class=\"_ _53\"> </span>24.8<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>British Gas<span class=\"_ _2b7\"> </span>Services &amp;<span class=\"_ _2b7\"> </span>Solutions<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>British Gas<span class=\"_ _2b7\"> </span>Energy %<span class=\"_ _2b7\"> </span>Centrica<span class=\"_ _2b7\"> </span>Business<span class=\"_ _2b7\"> </span>Solutions<span class=\"_ _2b7\"> </span>Energy<span class=\"_ _2b7\"> </span>Supply<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>Bord G\u00e1is<span class=\"_ _2b7\"> </span>Energy<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>Centrica<span class=\"_ _2b7\"> </span>Business<span class=\"_ _2b7\"> </span>Solutions<span class=\"_ _2b7\"> </span>(turbines/<span class=\"_ _2b7\"> </span>engines/<span class=\"_ _2b7\"> </span>battery/solar)<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>Energy<span class=\"_ _2b7\"> </span>Marketing &amp;<span class=\"_ _2b7\"> </span>Trading<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>Nuclear<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>Growth rate to perpetuity (including inflation)<span class=\"_ _f9\"> </span>2.0<span class=\"_ _2a\"> </span>2.0<span class=\"_ _2a\"> </span>2.0<span class=\"_ _85\"> </span>1.5<span class=\"_ _21\"> </span>N/A<span class=\"_ _85\"> </span>2.0<span class=\"_ _f7\"> </span>N/A<span class=\"_ _2b7\"> </span>Pre-tax discount rate<span class=\"_ _de\"> </span>8.0<span class=\"_ _2a\"> </span>8.0<span class=\"_ _2a\"> </span>8.7<span class=\"_ _85\"> </span>7.1<span class=\"_ _14d\"> </span>6.7/5.3 (ii)<span class=\"_ _2b7\"> </span>8.7<span class=\"_ _53\"> </span>14.7<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _1b7\"> </span>Cash flows arising after the plan period have been derived from forecasts to the end of the asset lives. Due to the nature of these finite-lived assets this provides a more<span class=\"_ _2b7\"> </span>appropriate valuation in later years.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>Battery and solar discount rates respectively.<span class=\"_ _2b7\"> </span>S2.<span class=\"_ _2b7\"> </span>Summary of significant accounting policies<span class=\"_ _2b7\"> </span>(b) VIU \u2013 Inflation rates<span class=\"_ _2b7\"> </span>Inflation rates used in the business plan were based on a blend of <span class=\"_ _1\"></span>publicly available inflation forecasts and range from 1.9% to 9.6%.<span class=\"_ _2b7\"> </span>(c) Key operating assumptions by CGUs using VIU<span class=\"_ _2b7\"> </span>The key operating assumptions across all CGUs are gross margin, revenues and operating costs. These assumptions are tailored to the<span class=\"_ _2b7\"> </span>specific CGU using management\u2019s knowledge of the environment, as shown in the table below:<span class=\"_ _2b7\"> </span>CGU<span class=\"_ _179\"> </span>Gross margin<span class=\"_ _5f\"> </span>Revenues<span class=\"_ _17d\"> </span>Operating costs<span class=\"_ _2b7\"> </span>All \u2013 base<span class=\"_ _2b7\"> </span>assumptions<span class=\"_ _2b7\"> </span>Existing customers: based on<span class=\"_ _2b7\"> </span>contractual terms.<span class=\"_ _2b7\"> </span>Losses are forecast based on historic<span class=\"_ _2b7\"> </span>data and future expectations of<span class=\"_ _2b7\"> </span>the market.<span class=\"_ _2b7\"> </span>New customers and renewals: based<span class=\"_ _2b7\"> </span>on gross margins achieved in the<span class=\"_ _2b7\"> </span>period leading up to the date of the<span class=\"_ _2b7\"> </span>business plan. Both adjusted for<span class=\"_ _2b7\"> </span>current market conditions and cost of<span class=\"_ _2b7\"> </span>goods inflation.<span class=\"_ _2b7\"> </span>For the Services business, future sales<span class=\"_ _2b7\"> </span>and related gross margins are based<span class=\"_ _2b7\"> </span>on planned future product sales and<span class=\"_ _2b7\"> </span>contract losses based upon past<span class=\"_ _2b7\"> </span>performance and future expectations<span class=\"_ _2b7\"> </span>of the competitive environment.<span class=\"_ _2b7\"> </span>Existing customers: based on<span class=\"_ _2b7\"> </span>contractual terms.<span class=\"_ _2b7\"> </span>Losses are forecast based on historic<span class=\"_ _2b7\"> </span>data and future expectations of<span class=\"_ _2b7\"> </span>the market.<span class=\"_ _2b7\"> </span>Adjusted for: growth forecasts which<span class=\"_ _2b7\"> </span>are based on sales and marketing<span class=\"_ _2b7\"> </span>activity, recent customer acquisitions<span class=\"_ _2b7\"> </span>and the current economic environment<span class=\"_ _2b7\"> </span>in the relevant geography.<span class=\"_ _2b7\"> </span>Gas and electricity revenues based<span class=\"_ _2b7\"> </span>on forward market prices.<span class=\"_ _2b7\"> </span>Market share: percentage immediately<span class=\"_ _2b7\"> </span>prior to business plan.<span class=\"_ _2b7\"> </span>Wages: projected headcount in line<span class=\"_ _2b7\"> </span>with expected efficiency programme.<span class=\"_ _2b7\"> </span>Salary increases based on inflation<span class=\"_ _2b7\"> </span>expectations.<span class=\"_ _2b7\"> </span>Credit losses: historical assumptions<span class=\"_ _2b7\"> </span>regarding realised cash losses have<span class=\"_ _2b7\"> </span>been updated to reflect the current<span class=\"_ _2b7\"> </span>environment.<span class=\"_ _2b7\"> </span>Energy Marketing &amp;<span class=\"_ _2b7\"> </span>Trading<span class=\"_ _2b7\"> </span>Existing and new markets:<span class=\"_ _2b7\"> </span>management\u2019s estimate of future<span class=\"_ _2b7\"> </span>trading performance.<span class=\"_ _2b7\"> </span>As above.<span class=\"_ _23b\"> </span>Future development: increase in costs<span class=\"_ _2b7\"> </span>to support growth forecasts, adjusted<span class=\"_ _2b7\"> </span>for planned business process<span class=\"_ _2b7\"> </span>efficiencies.<span class=\"_ _2b7\"> </span>Centrica Business<span class=\"_ _2b7\"> </span>Solutions (turbines/<span class=\"_ _2b7\"> </span>engines/battery/solar)<span class=\"_ _2b7\"> </span>Based on forecast revenues,<span class=\"_ _2b7\"> </span>operations and maintenance costs,<span class=\"_ _2b7\"> </span>grid network and balancing system<span class=\"_ _2b7\"> </span>charges for the asset life.<span class=\"_ _2b7\"> </span>Based on forward and contracted<span class=\"_ _2b7\"> </span>prices for commodity, capacity market<span class=\"_ _2b7\"> </span>and grid ancillary service contracts for<span class=\"_ _2b7\"> </span>the asset life.<span class=\"_ _2b7\"> </span>Based on run-rate and forecast<span class=\"_ _2b7\"> </span>changes, including expected inflation<span class=\"_ _2b7\"> </span>for the asset life.<span class=\"_ _2b7\"> </span>Overlift and underlift<span class=\"_ _2b7\"> </span>Off-take arrangements for gas produced from joint operations are often such that it is not practical for each participant to receive or sell its<span class=\"_ _2b7\"> </span>precise share of the overall production during the period. This results in short-term imbalances between cumulative production entitlement<span class=\"_ _2b7\"> </span>and cumulative sales, referred to as overlift and underlift.<span class=\"_ _2b7\"> </span>An overlift payable, or underlift receivable, is recognised at the balance sheet date within trade and other payables or trade and other<span class=\"_ _2b7\"> </span>receivables respectively, and is measured at market value, with movements in the period recognised within cost of sales.<span class=\"_ _2b7\"> </span>S2.<span class=\"_ _2b7\"> </span>Summary of significant accounting policies<span class=\"_ _2b7\"> </span>Leases<span class=\"_ _2b7\"> </span>The Group assesses its contractual arrangements to determine whether they are or contain leases based on whether they convey the right<span class=\"_ _2b7\"> </span>to control the use of an identified asset for a period of time in exchange for consideration.<span class=\"_ _2b7\"> </span>The Group recognises a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially<span class=\"_ _2b7\"> </span>measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the<span class=\"_ _2b7\"> </span>commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to<span class=\"_ _2b7\"> </span>restore the underlying asset or the site on which it is located, less any lease incentives received.<span class=\"_ _2b7\"> </span>The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier of the end<span class=\"_ _2b7\"> </span>of the useful life of the right-of-use asset or the end of the lease term. The estimated useful lives of right-of-use assets are determined on<span class=\"_ _2b7\"> </span>the same basis as those of property and equipment. In addition, the right-of-us<span class=\"_ _1\"></span>e asset is periodically reduced by impairment losses, if any,<span class=\"_ _2b7\"> </span>and adjusted for certain re-measurements of the lease liability.<span class=\"_ _2b7\"> </span>The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted<span class=\"_ _2b7\"> </span>using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group\u2019s incremental borrowing rate. The<span class=\"_ _2b7\"> </span>liabilities for the majority of the Group\u2019s lease portfolio are calculated using the incremental borrowing rate. This rate is calculated on a<span class=\"_ _2b7\"> </span>lease-by-lease basis, taking into account the credit rating of the Group at the inception of the lease and the lease term. The credit<span class=\"_ _2b7\"> </span>adjustment used in this calculation is modified to reflect the security implicit in a lease arrangement based on the specific class of asset<span class=\"_ _2b7\"> </span>being leased.<span class=\"_ _2b7\"> </span>Lease payments included in the measurement of the lease liability comprise: fixed payments (including in-substance fixed payments),<span class=\"_ _2b7\"> </span>variable lease payments that depend on an index or a rate (initially measured using the index or rate as at the commencement date),<span class=\"_ _2b7\"> </span>amounts expected to be payable under a residual value guarantee, the exercise price under a purchase option that the Group is<span class=\"_ _2b7\"> </span>reasonably certain to exercise, lease payments in an optional renewal period if the Group is reasonably certain to exercise an extension<span class=\"_ _2b7\"> </span>option, and penalties for early termination of a lease unless the Group is reasonably certain not to terminate early. When considering<span class=\"_ _2b7\"> </span>whether the Group is reasonably certain to exercise extension or termination options, various factors are considered, such as the level of<span class=\"_ _2b7\"> </span>lease payments relative to the market rate, the importance of the specific asset to the Group\u2019s operations and the period remaining until<span class=\"_ _2b7\"> </span>the option becomes exercisable. Such judgements are reconsidered when there is a significant event or change of circumstances that is<span class=\"_ _2b7\"> </span>within the control of the Group. Variable lease payments that do not depend on an index or rate are recognised in profit or loss in the<span class=\"_ _2b7\"> </span>period in which the event or condition that triggers those payments occurs.<span class=\"_ _2b7\"> </span>The lease liability is subsequently measured at amortised cost using the effective interest method. It is re-measured when there is a<span class=\"_ _2b7\"> </span>change in future lease payments arising from a change in an index or rate, if there is a change in the Group's estimate of the amount<span class=\"_ _2b7\"> </span>expected to be payable under a residual value guarantee, or if the Group changes its assessment of whether it will exercise a purchase,<span class=\"_ _2b7\"> </span>lease-term extension or termination option. Cash flows reflecting payment of capital and interest on leases are shown in cash flows from<span class=\"_ _2b7\"> </span>financing activities.<span class=\"_ _2b7\"> </span>When the lease liability is re-measured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use of asset<span class=\"_ _2b7\"> </span>or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.<span class=\"_ _2b7\"> </span>The Group recognises the lease payments associated with short-term leases (leases expiring within twelve months from commencement)<span class=\"_ _2b7\"> </span>and leases of low value assets (underlying asset value less than \u00a35,000) on a straight-line basis over the lease term.<span class=\"_ _2b7\"> </span>The Group holds interests in a number of joint operations within its exploration and production business. The Group has applied<span class=\"_ _2b7\"> </span>judgement in identifying the customer where a lease arrangement is to be used by a jointly controlled operation.<span class=\"_ _2b7\"> </span>If the leased asset is dedicated to a specific joint operation and its usage is dictated by the joint operating agreement, the joint operation<span class=\"_ _2b7\"> </span>is deemed the customer. In such instances:<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">When the Group signs a lease agreement on behalf of a joint operation and has primary responsibility for payments to the lessor, the<span class=\"_ _2b7\"> </span></span>Group recognises 100% of the lease liability and a right-of-use asset on its balance sheet. When the partner is obliged to reimburse the<span class=\"_ _2b7\"> </span>Group for its share of lease payments, a sub-lease receivable is recognised and an equal adjustment to the right-of-use asset is made.<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">When the partner has the primary responsibility for payments to the lessor and the Group is obliged to reimburse its share of the lease<span class=\"_ _2b7\"> </span></span>payments, a lease liability due to the partner and equal right-of-use asset are recognised.<span class=\"_ _2b7\"> </span>If the leased asset is not dedicated to a specific joint operation or its usage is not dictated by the joint operating agreement of a joint<span class=\"_ _2b7\"> </span>operation to which it is dedicated, the signatory to the lease agreement is deemed the customer. If this is the Group, the lease liability and<span class=\"_ _2b7\"> </span>right-of-use asset are recognised in full. If it is the partner, no lease liability or right-of-use asset is recognised.<span class=\"_ _2b7\"> </span>S2.<span class=\"_ _2b7\"> </span>Summary of significant accounting policies<span class=\"_ _2b7\"> </span>Inventories<span class=\"_ _2b7\"> </span>Inventories of finished goods are valued at the lower of cost (using weighted-average cost) or estimated net realisable value after<span class=\"_ _2b7\"> </span>allowance for redundant and slow-moving items. The cost of inventories includes the purchase price plus costs of conversion incurred in<span class=\"_ _2b7\"> </span>bringing the inventories to their present location and condition.<span class=\"_ _2b7\"> </span>Inventory of gas in storage held for the purpose of the Group\u2019s own use is measured on a weighted-average cost basis, whilst gas used<span class=\"_ _2b7\"> </span>for trading purposes is measured at fair value less any costs to sell. Changes in fair value less costs to sell are recognised in the Group<span class=\"_ _2b7\"> </span>Income Statement.<span class=\"_ _2b7\"> </span>Securities<span class=\"_ _2b7\"> </span>The Group holds debt and equity securities predominantly in respect of the Centrica Unfunded Pension Scheme (see note 22). Debt<span class=\"_ _2b7\"> </span>securities are required to be measured at fair value through profit or loss under IFRS 9, as the contractual terms of these assets do not<span class=\"_ _2b7\"> </span>give rise to cash flows that are solely payments of principal and interest on the principal amounts outstanding. The Group has elected to<span class=\"_ _2b7\"> </span>recognise the changes in fair value of the equity securities in other comprehensive income. The Group has also elected to recognise the<span class=\"_ _2b7\"> </span>changes in fair value of certain equity trade investments held by Centrica Innovations in other comprehensive income. Further details can<span class=\"_ _2b7\"> </span>be found in the accounting policy on financial instruments.<span class=\"_ _2b7\"> </span>Government grants<span class=\"_ _2b7\"> </span>Government grants are transfers of resources to the Group in return for past or future compliance with certain conditions relating to the<span class=\"_ _2b7\"> </span>operating activities of the entity. Government assistance is designed to provide an economic benefit that is specific to an entity qualifying<span class=\"_ _2b7\"> </span>under certain criteria. The Group recognises government grants only when there is reasonable assurance that the Group will comply with<span class=\"_ _2b7\"> </span>the conditions attached to them and the grant will be received. Government grants are recognised in profit and loss on a systematic basis<span class=\"_ _2b7\"> </span>over the periods in which the Group recognises as expenses the related costs for which the grants are intended to compensate.<span class=\"_ _2b7\"> </span>Government grants related to assets are deducted from the carrying amount of the asset.<span class=\"_ _2b7\"> </span>In 2021 and 2022 the Group recognised a SoLR receivable in relation to amounts recoverable under the Last Resort Supplier Payment<span class=\"_ _2b7\"> </span>mechanism administered by Ofgem, a government body, which is detailed in note 1. This process allows suppliers, appointed as <span class=\"_ _1\"></span>Supplier<span class=\"_ _2b7\"> </span>of Last Resort, to recover costs reasonably incurred in supplying affected customers. The receivable recognised reflects amounts incurred<span class=\"_ _2b7\"> </span>primarily on commodity costs up to the reporting date which are recoverable under the LRSP claim. The associated credit has been<span class=\"_ _2b7\"> </span>recognised in cost of sales and operating costs.<span class=\"_ _2b7\"> </span>Decommissioning costs<span class=\"_ _2b7\"> </span>A provision is made for the net present value of the estimated cost of decommissioning gas production facilities at the end of the<span class=\"_ _2b7\"> </span>producing lives of fields and power stations at the end of their useful lives, based on price levels and technology at the balance sheet date.<span class=\"_ _2b7\"> </span>When this provision relates to an asset with sufficient future economic benefits, a decommissioning asset is recognised and included as<span class=\"_ _2b7\"> </span>part of the associated PP&amp;E and depreciated accordingly. The asset is subject to impairment review as detailed above. Changes in<span class=\"_ _2b7\"> </span>estimates and discount rates are dealt with prospectively and reflected as an adjustment to the provision and corresponding<span class=\"_ _2b7\"> </span>decommissioning asset included within PP&amp;E. The discount rate used to calculate the provision is 1% as discussed in note 3.<span class=\"_ _2b7\"> </span>The unwinding of the discount on the provision is included in the Group Income Statement within financing costs.<span class=\"_ _2b7\"> </span>Non-current assets and disposal groups held for sale and discontinued operations<span class=\"_ _2b7\"> </span>Non-current assets and disposal groups classified as held for sale are measured at the lower of carrying amount and fair value less costs<span class=\"_ _2b7\"> </span>of disposal. No depreciation is charged in respect of non-current assets classified as held for sale.<span class=\"_ _2b7\"> </span>Non-current assets and disposal groups are classified as held for sale if their carrying amount will be recovered through a sale transaction<span class=\"_ _2b7\"> </span>rather than through continuing use. This condition is regarded as met only when the sale is highly probable, the asset or disposal group is<span class=\"_ _2b7\"> </span>available for immediate sale in its present condition and the Directors are committed to the sale which should be expected to qualify for<span class=\"_ _2b7\"> </span>recognition as a completed sale within one year from the date of classification.<span class=\"_ _2b7\"> </span>The profits or losses and cash flows that relate to a major component of the Group that has been sold or is classified as held for sale<span class=\"_ _2b7\"> </span>are presented separately from continuing operations as discontinued operations within the Group Income Statement and Group Cash<span class=\"_ _2b7\"> </span>Flow Statement.<span class=\"_ _2b7\"> </span>Pensions and other post-employment benefits<span class=\"_ _2b7\"> </span>The Group operates a number of defined benefit and defined contribution pension schemes. The cost of providing benefits under the<span class=\"_ _2b7\"> </span>defined benefit schemes is determined separately for each scheme using the projected unit credit actuarial valuation method. Actuarial<span class=\"_ _2b7\"> </span>gains and losses are recognised in the period in which they occur in other comprehensive income.<span class=\"_ _2b7\"> </span>The cost of providing retirement pensions and other benefits is charged to the Group Income Statement over the periods benefitting from<span class=\"_ _2b7\"> </span>employees\u2019 service. Past service cost is recognised immediately. Costs of administering the schemes are charged to the Group Income<span class=\"_ _2b7\"> </span>Statement. Net interest, being the change in the net defined benefit liability or asset due to the passage of time, is recognised in the Group<span class=\"_ _2b7\"> </span>Income Statement within net finance cost.<span class=\"_ _2b7\"> </span>The net defined benefit liability or asset recognised in the Group Balance Sheet represents the present value of the defined benefit<span class=\"_ _2b7\"> </span>obligation of the schemes and the fair value of the schemes\u2019 assets. The present value of the defined benefit obligation is determined by<span class=\"_ _2b7\"> </span>discounting the estimated future cash outflows using interest rates of high-quality corporate bonds that are denominated in the currency in<span class=\"_ _2b7\"> </span>which the benefits are paid, and that have terms of maturity approximating to the terms of the related pension liability.<span class=\"_ _2b7\"> </span>Payments to defined contribution retirement benefit schemes are recognised in the Group Income Statement as they fall due.<span class=\"_ _2b7\"> </span>S2.<span class=\"_ _2b7\"> </span>Summary of significant accounting policies<span class=\"_ _2b7\"> </span>In 2022 the Group provided a loan facility to the Group\u2019s three defined benefit pension schemes. The Group recognised the loan as a<span class=\"_ _2b7\"> </span>financial asset under IFRS 9 \u2018Financial instruments\u2019 measured at amortised cost and classified as a receivable within securities on the<span class=\"_ _2b7\"> </span>Group\u2019s balance sheet. The loan liability has been deducted from plan assets on the basis that the loan does not relate to employee<span class=\"_ _2b7\"> </span>benefits in accordance with IAS 19.<span class=\"_ _2b7\"> </span>Provisions<span class=\"_ _2b7\"> </span>Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of a past event, that can be<span class=\"_ _2b7\"> </span>measured reliably, and it is probable that the Group will be required to settle that obligation. Provisions are discounted to present value<span class=\"_ _2b7\"> </span>where the effect is material.<span class=\"_ _2b7\"> </span>Where discounting is used, the increase in the provision due to the passage of time is recognised in the Group Income Statement within<span class=\"_ _2b7\"> </span>interest expense. Onerous contract provisions are recognised where the unavoidable costs of meeting the obligations under a contract<span class=\"_ _2b7\"> </span>exceed the economic benefits expected to be received under it. Contracts to purchase or sell energy are reviewed on a portfolio basis<span class=\"_ _2b7\"> </span>given the fungible nature of energy, whereby it is assumed that the highest priced purchase contract supplies the highest priced sales<span class=\"_ _2b7\"> </span>contract and the lowest priced sales contract is supplied by the lowest priced purchase contract. Since 2021, the Group recognises a<span class=\"_ _2b7\"> </span>material onerous supply contract provision where the future costs to fulfil customer contracts on a current market price basis exceed the<span class=\"_ _2b7\"> </span>charges recoverable from customers because the associated hedging gains have already been recognised in the Group Income<span class=\"_ _2b7\"> </span>Statement. Further detail relating to the key assumptions and sources of estimation uncertainty are provided in note 3.<span class=\"_ _2b7\"> </span>Taxation<span class=\"_ _2b7\"> </span>Current tax, including UK corporation tax, UK petroleum revenue tax and foreign tax is provided at amounts expected to be paid (or<span class=\"_ _2b7\"> </span>recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. From time to time,<span class=\"_ _2b7\"> </span>the Group may have open tax issues with a number of revenue authorities. Where an outflow of funds is believed to be probable and a<span class=\"_ _2b7\"> </span>reliable estimate of the dispute can be made, management provides for its best estimate of the liability. These estimates take into account<span class=\"_ _2b7\"> </span>the specific circumstances of each dispute and relevant external advice as well as the rules and regulations of the relevant tax authority in<span class=\"_ _2b7\"> </span>the jurisdiction of the dispute. Often the Group is unable to predict whether an uncertain tax treatment will be accepted by the relevant<span class=\"_ _2b7\"> </span>authority. In such instances the effects of uncertainty are reflected in management\u2019s assessment of the most likely outcome of each issue,<span class=\"_ _2b7\"> </span>as reviewed and updated on a regular basis. Each item is considered separately and on a basis that provides the better prediction of the<span class=\"_ _2b7\"> </span>outcome, unless the Group determines that it is appropriate to group certain items for consideration. See note 9 for further details on<span class=\"_ _2b7\"> </span>uncertain tax provisions.<span class=\"_ _2b7\"> </span>Deferred tax is recognised in respect of all temporary differences identified at the balance sheet date, except to the extent that the<span class=\"_ _2b7\"> </span>deferred tax arises from the initial recognition of goodwill, or the initial recognition of an asset or liability in a transaction which is not a<span class=\"_ _2b7\"> </span>business combination and at the time of the transaction affects neither accounting profit nor taxable profit and loss. Temporary differences<span class=\"_ _2b7\"> </span>are differences between the carrying amount of the Group\u2019s assets and liabilities and their tax base.<span class=\"_ _2b7\"> </span>Deferred tax liabilities may be offset against deferred tax assets within the same taxable entity or qualifying local tax group. Any remaining<span class=\"_ _2b7\"> </span>deferred tax asset is recognised only when, on the basis of all available evidence, it can be regarded as probable that there will be suitable<span class=\"_ _2b7\"> </span>taxable profits, within the same jurisdiction, in the foreseeable future, against which the deductible temporary difference can be utilised.<span class=\"_ _2b7\"> </span>Deferred tax is provided on temporary differences arising on subsidiaries, joint ventures and associates, except where the timing of the<span class=\"_ _2b7\"> </span>reversal of the temporary difference can be controlled and it is probable that the temporary difference will not reverse in the foreseeable<span class=\"_ _2b7\"> </span>future.<span class=\"_ _2b7\"> </span>Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the asset is realised or liability settled,<span class=\"_ _2b7\"> </span>based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Measurement of deferred tax<span class=\"_ _2b7\"> </span>liabilities and assets reflects the tax consequences expected from the manner in which the asset or liability is recovered or settled.<span class=\"_ _2b7\"> </span>S2.<span class=\"_ _2b7\"> </span>Summary of significant accounting policies<span class=\"_ _2b7\"> </span>Financial instruments<span class=\"ff6f fcf\"> </span>Financial assets and financial liabilities are recognised in the Group Balance Sheet when the Group becomes a party to the contractual<span class=\"_ _2b7\"> </span>provisions of the instrument. Financial assets are derecognised when the Group no longer has the rights to cash flows, the risks and<span class=\"_ _2b7\"> </span>rewards of ownership or control of the asset. Financial liabilities are derecognised when the obligation under the liability is discharged,<span class=\"_ _2b7\"> </span>cancelled or expires.<span class=\"_ _2b7\"> </span>(a) Trade receivables<span class=\"_ _2b7\"> </span>Trade receivables are initially recognised at a value based on their transaction price, and are subsequently held at amortised cost using the<span class=\"_ _2b7\"> </span>effective interest method (taking into account the Group\u2019s business model, which is to collect the contractual cash flows owing) less an<span class=\"_ _2b7\"> </span>allowance for impairment losses. Balances are written off when recoverability is assessed as being remote. If collection is expected in one<span class=\"_ _2b7\"> </span>year or less, receivables are classified as current assets. If not, they are presented as non-current assets.<span class=\"_ _1\"></span><span class=\"ff6d\"> </span>(b) Trade payables<span class=\"_ _2b7\"> </span>Trade payables are initially recognised at fair value, which is usually the original invoice amount and are subsequently held at amortised<span class=\"_ _2b7\"> </span>cost using the effective interest method. If payment is due within one year or less, payables are classified as current liabilities. If not, they<span class=\"_ _2b7\"> </span>are presented as non-current liabilities.<span class=\"_ _2b7\"> </span>(c) Share capital<span class=\"_ _2b7\"> </span>Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares are shown in equity as a<span class=\"_ _2b7\"> </span>deduction from the proceeds received. Own equity instruments that are reacquired (treasury or own shares) are deducted from equity.<span class=\"_ _2b7\"> </span>No gain or loss is recognised in the Group Income Statement on the purchase, sale, issue or cancellation of the Group\u2019s own equity<span class=\"_ _2b7\"> </span>instruments<span class=\"ff6d\">.<span class=\"_ _2b7\"> </span></span>(d) Cash and cash equivalents<span class=\"_ _2b7\"> </span>Cash and cash equivalents comprise cash in hand and current balances with banks and similar institutions and money market deposits,<span class=\"_ _2b7\"> </span>which are readily convertible to known amounts of cash and which are subject to insignificant risk of changes in value and have an original<span class=\"_ _2b7\"> </span>maturity of three months or less. Money market funds are also included in cash and cash equivalents, and are required to be measured at<span class=\"_ _2b7\"> </span>fair value through profit or loss under IFRS 9, as noted in section (g) below. Cash and cash equivalents are presented net of outstanding<span class=\"_ _2b7\"> </span>bank overdrafts where there is a legal right of set off and, for the Group\u2019s cash pooling arrangements, to the extent the Group expects to<span class=\"_ _2b7\"> </span>settle its subsidiaries\u2019 year-end account balances on a net basis.<span class=\"_ _2b7\"> </span>For the purpose of the Group Cash Flow Statement, cash and cash equivalents consist of cash and cash equivalents as defined above,<span class=\"_ _2b7\"> </span>net of outstanding bank overdrafts.<span class=\"_ _2b7\"> </span>(e) Interest-bearing loans and other borrowings<span class=\"_ _2b7\"> </span>All interest-bearing loans and other borrowings with banks and similar institutions are initially recognised at fair value net of directly<span class=\"_ _2b7\"> </span>attributable transaction costs. After initial recognition, interest-bearing loans and other borrowings are subsequently measured at<span class=\"_ _2b7\"> </span>amortised cost using the effective interest method, except when they are hedged items in an effective fair value hedge relationship where<span class=\"_ _2b7\"> </span>the carrying value is also adjusted to reflect the fair value movements associated with the hedged risks. Such fair value movements are<span class=\"_ _2b7\"> </span>recognised in the Group Income Statement. Amortised cost is calculated by taking into account any issue costs, discount or premium.<span class=\"_ _2b7\"> </span>(f) Financial instruments at fair value through other comprehensive income<span class=\"_ _2b7\"> </span>Financial assets at fair value through other comprehensive income are equity instruments that the Group has elected to recognise the<span class=\"_ _2b7\"> </span>changes in fair value of in other comprehensive income. They are recognised initially at fair value in the Group Balance Sheet and are re-<span class=\"_ _2b7\"> </span>measured subsequently at fair value with gains and losses arising from changes in fair value recognised directly in equity and presented in<span class=\"_ _2b7\"> </span>other comprehensive income. Dividends arising on these financial assets are recognised in the Group Income Statement.<span class=\"_ _2b7\"> </span>If the Group assesses the need to recognise a loss allowance on a financial asset carried at fair value through other comprehensive<span class=\"_ _2b7\"> </span>income, the loss allowance is recognised in other comprehensive income; however, the recognition of a loss allowance does not impact<span class=\"_ _2b7\"> </span>the carrying value of the asset on the Group\u2019s Balance Sheet.<span class=\"_ _2b7\"> </span>Cumulative gains and losses on equity instruments at fair value through other comprehensive income are not recycled to the Group<span class=\"_ _2b7\"> </span>Income Statement.<span class=\"ff6d\"> </span>(g) Financial assets at fair value through profit or loss<span class=\"_ _2b7\"> </span>The Group previously held investments in gilts which it designated at fair value through profit or loss in order to eliminate asymmetry arising<span class=\"_ _2b7\"> </span>from the measurement of an index-linked derivative. Other debt instruments and money market funds (which are classified as cash<span class=\"_ _2b7\"> </span>equivalents) are required to be measured at fair value through profit or loss under IFRS 9, as the assets are not held solely for the purpose<span class=\"_ _2b7\"> </span>of collecting contractual cash flows related to principal and interest. Both mandatory and designated instruments are measured at fair<span class=\"_ _2b7\"> </span>value on initial recognition and are re-measured to fair value in each subsequent reporting period. Gains and losses arising from changes<span class=\"_ _2b7\"> </span>in fair value are recognised in the Group Income Statement within investment income or financing costs.<span class=\"_ _2b7\"> </span>S2.<span class=\"_ _2b7\"> </span>Summary of significant accounting policies<span class=\"_ _2b7\"> </span>(h) Derivative financial instruments<span class=\"_ _2b7\"> </span>The Group routinely enters into sale and purchase transactions for physical delivery of gas and po<span class=\"_ _1\"></span>wer. A portion of these transactions<span class=\"_ _2b7\"> </span>take the form of contracts that were entered into and continue to be held for the purpose of receipt or delivery of the physical commodity<span class=\"_ _2b7\"> </span>in accordance with the Group\u2019s expected sale, purchase or usage requirements (\u2018own use\u2019), and are not within the scope of IFRS 9. The<span class=\"_ _2b7\"> </span>assessment of whether a contract is deemed to be \u2018own use\u2019 is conducted on a Group basis without reference to underlying book<span class=\"_ _2b7\"> </span>structures, business units or legal entities.<span class=\"_ _2b7\"> </span>Certain purchase and sales contracts for the physical delivery of gas and power are within the scope of IFRS 9 due to the fact that they<span class=\"_ _2b7\"> </span>net settle or contain written options. Such contracts are accounted for as derivatives under IFRS 9 and are recognised in the Group<span class=\"_ _2b7\"> </span>Balance Sheet at fair value. Gains and losses arising from changes in fair value on derivatives that do not qualify for hedge accounting are<span class=\"_ _2b7\"> </span>taken directly to the Group Income Statement for the year.<span class=\"_ _2b7\"> </span>The Group uses a range of derivatives for both trading and to hedge exposures to financial risks, such as interest rates, foreign exchange<span class=\"_ _2b7\"> </span>and energy price risks, arising in the normal course of business. Where considered appropriate, the Group may use weather derivatives to<span class=\"_ _2b7\"> </span>protect against earnings volatility arising from unseasonal weather variations. The use of such derivatives did not have a material financial<span class=\"_ _2b7\"> </span>statement impact in 2022 or 2021. The use of derivative financial instruments is governed by the Group\u2019s policies w<span class=\"_ _b\"></span>hich are approved by<span class=\"_ _2b7\"> </span>the Board of Directors. Further detail on the Group\u2019s risk management policies is included within the Strategic Report \u2013 Principal Risks and<span class=\"_ _2b7\"> </span>Uncertainties on pages 28 to 33 and in note S3.<span class=\"_ _2b7\"> </span>The accounting treatment of derivatives is dependent on whether they are entered into for trading or hedging purposes. A derivative<span class=\"_ _2b7\"> </span>instrument is considered to be used for hedging purposes when it alters the risk profile of an underlying exposure of the Group in line with<span class=\"_ _2b7\"> </span>the Group\u2019s risk management policies and is in accordance with established guidelines. Certain derivative instruments used for hedging<span class=\"_ _2b7\"> </span>purposes are designated in hedge accounting relationships as described by IAS 39 (the Group has not applied the hedge accounting<span class=\"_ _2b7\"> </span>requirements of IFRS 9). In order to qualify for hedge accounting, the effectiveness of the hedge must be reliably measurable and<span class=\"_ _2b7\"> </span>documentation describing the formal hedging relationship must be prepared at the point of designation. The hedge must be highly<span class=\"_ _2b7\"> </span>effective in achieving its objective. The Group also holds derivatives that are used for hedging purposes which are not designated in hedge<span class=\"_ _2b7\"> </span>accounting relationships and are held for trading.<span class=\"_ _2b7\"> </span>All derivatives are recognised at fair value on the date on which the derivative is entered into and are re-measured to fair value at each<span class=\"_ _2b7\"> </span>reporting date. Derivatives are carried as assets when the fair value is positive and as liabilities when the fair value is negative. Derivative<span class=\"_ _2b7\"> </span>assets and derivative liabilities are offset and presented on a net basis only when there is a currently enforceable legal right of set-off, and<span class=\"_ _2b7\"> </span>the intention to net settle the derivative contracts is present. The disclosure of current and non-current derivative assets and liabilities is<span class=\"_ _2b7\"> </span>determined by the settlement date of the derivative.<span class=\"_ _2b7\"> </span>The Group enters into certain energy derivative contracts covering periods for which observable market data does not exist. The fair value<span class=\"_ _2b7\"> </span>of such derivatives is estimated by reference in part to published price quotations from active markets, to the extent that such observable<span class=\"_ _2b7\"> </span>market data exists, and in part by using valuation techniques, the inputs to which include data that is not based on or derived from<span class=\"_ _2b7\"> </span>observable markets. Where the fair value at initial recognition for such contracts differs from the transaction price, a fair value gain or fair<span class=\"_ _2b7\"> </span>value loss will arise. This is referred to as a day-one gain or day-one loss. Such gains and losses are deferred (not recognised) and<span class=\"_ _2b7\"> </span>amortised to the Group Income Statement based on volumes purchased or delivered over the contractual period until such time as<span class=\"_ _2b7\"> </span>observable market data becomes available. When observable market data becomes available, any remaining deferred day-one gains or<span class=\"_ _2b7\"> </span>losses are recognised within the Group Income Statement.<span class=\"_ _2b7\"> </span>Recognition of the gains or losses resulting from changes in fair value depends on the purpose for issuing or holding the derivative. For<span class=\"_ _2b7\"> </span>derivatives that do not qualify for cash flow or net investment hedge accounting, any gains or losses arising from changes in fair value are<span class=\"_ _2b7\"> </span>taken directly to the Group Income Statement and are included within gross profit or investment income and financing costs. Where<span class=\"_ _2b7\"> </span>derivatives qualify for cash flow or net investment hedging, changes in fair value arising from the effective element of the hedge are<span class=\"_ _2b7\"> </span>recognised initially in the Group Statement of Comprehensive Income and are recycled to the Group Income Statement when the hedged<span class=\"_ _2b7\"> </span>item impacts profit or loss. Further details on the treatment of energy derivatives in the Group Income Statement is provided in note 2.<span class=\"_ _2b7\"> </span>Further detail on the treatment of derivatives in hedging relationships is provided in note <span class=\"_ _1\"></span>S5.<span class=\"_ _2b7\"> </span>Derivatives embedded in other financial instruments or other host contracts are treated as separate derivatives when their risks and<span class=\"_ _2b7\"> </span>characteristics are not closely related to those of the host contracts and the host contracts are not carried at fair value, with gains or<span class=\"_ _2b7\"> </span>losses reported in the Group Income Statement. The closely related nature of embedded derivatives is reassessed when there is a change<span class=\"_ _2b7\"> </span>in the terms of the contract that significantly modifies the future cash flows under the contract. Where a contract contains one or more<span class=\"_ _2b7\"> </span>embedded derivatives, and providing that the embedded derivative significantly modifies the cash flows under the contract, the option to<span class=\"_ _2b7\"> </span>fair value the entire contract may be taken and the contract will be recognised at fair value with changes in fair value recognised in the<span class=\"_ _2b7\"> </span>Group Income Statement. Gains and losses arising from changes in the fair value of energy derivative contracts are recognised within<span class=\"_ _2b7\"> </span>\u2018Re<span class=\"ff6e\">-</span>measurement and settlement of energy contracts\u2019 in the Group\u2019s Results<span class=\"_ _1\"></span> for the period under IFRS.<span class=\"_ _2b7\"> </span>S2.<span class=\"_ _2b7\"> </span>Summary of significant accounting policies<span class=\"_ _2b7\"> </span>(i) Hedge accounting<span class=\"_ _2b7\"> </span>The Group continues to apply the hedge accounting requirements of IAS 39 and has not adopted IFRS 9 hedge accounting.<span class=\"_ _2b7\"> </span>For the purposes of hedge accounting, hedges are classified as either net investment hedges, fair value hedges or cash flow hedges.<span class=\"_ _2b7\"> </span>Note S5 details the Group\u2019s accounting policies in relation to derivatives qualifying for hedge accounting under IAS 39.<span class=\"_ _1\"></span><span class=\"ff6d\"> </span>(j) Financial guarantees<span class=\"_ _2b7\"> </span>Financial guarantees are contracts that require the Group to make specified payments to reimburse the holder for a loss it incurs because<span class=\"_ _2b7\"> </span>a specified debtor fails to make payment when due in accordance with the terms of a debt instrument. The Group accounts for financial<span class=\"_ _2b7\"> </span>guarantee contracts at fair value under IFRS 9.<span class=\"_ _2b7\"> </span>(k) Impairment of financial assets<span class=\"_ _2b7\"> </span>In accordance with IFRS 9, the Group has applied the expected credit loss model to financial assets measured at amortised cost and to<span class=\"_ _2b7\"> </span>investments in debt instruments measured at fair value through other comprehensive income.<span class=\"_ _2b7\"> </span>For trade receivables and contract assets the simplified approach is taken and the lifetime expected credit loss provided for.<span class=\"_ _2b7\"> </span>For all other in-scope financial assets at the balance sheet date either the lifetime expected credit loss or a 12-month expected credit loss<span class=\"_ _2b7\"> </span>is provided for, depending on the Group\u2019s assessment of whether the credit risk associated with the specific asset has increased<span class=\"_ _2b7\"> </span>significantly since initial recognition. As the Group\u2019s financial assets are predominantly short-term (less than 12 months), the impairment<span class=\"_ _2b7\"> </span>loss recognised is not materially different using either approach. Further details of the assumptions and inputs used to calculate expected<span class=\"_ _2b7\"> </span>credit losses are shown in note 17.<span class=\"_ _2b7\"> </span>Nuclear activity<span class=\"_ _2b7\"> </span>The Group\u2019s investment in Lake Acquisitions Limited (\u2018Nuclear\u2019) is accounted for as an associate. The following accounting policies are<span class=\"_ _2b7\"> </span>specific to this nuclear activity.<span class=\"_ _2b7\"> </span>(a) Fuel costs \u2013 nuclear front end<span class=\"_ _2b7\"> </span>Front-end fuel costs consist of the costs of procurement of uranium, conversion and enrichment services, and fuel element fabrication.<span class=\"_ _2b7\"> </span>All costs are capitalised into inventory and charged to the Group Income Statement in proportion to the amount of fuel burnt.<span class=\"_ _2b7\"> </span>(b) Fuel costs \u2013 nuclear back end<span class=\"_ _2b7\"> </span>Advanced gas-cooled reactors (AGR)<span class=\"_ _2b7\"> </span>Spent fuel extracted from the reactors is sent for reprocessing and/or long-term storage and eventual disposal of resulting waste<span class=\"_ _2b7\"> </span>products. Back-end fuel costs comprise of a loading-related cost per tonne of uranium and a rebate/surcharge to this cost which is<span class=\"_ _2b7\"> </span>dependent on the out-turn market electricity price and the amount of electricity generated from AGR stations in the year. These costs are<span class=\"_ _2b7\"> </span>capitalised into inventory and charged to the Group Income Statement in proportion to the amount of fuel burnt.<span class=\"_ _2b7\"> </span>Pressurised water reactor (PWR)<span class=\"_ _2b7\"> </span>Back-end fuel costs are based on wet storage in station ponds followed by dry storage and subsequent direct disposal of fuel. Back-end<span class=\"_ _1\"></span> fuel costs are capitalised into inventory on loading and are charged to the Group Income Statement in proportion to the amount of fuel<span class=\"_ _2b7\"> </span>burnt.<span class=\"_ _2b7\"> </span>(c) Nuclear PP&amp;E \u2013 depreciation<span class=\"_ _2b7\"> </span>The majority of the cost of the nuclear fleet is depreciated from the date of the Group acquiring its share of the fleet on a straight-line<span class=\"_ _2b7\"> </span>basis, with remaining depreciable periods currently of up to <span class=\"_ _1\"></span>33 years.<span class=\"_ _2b7\"> </span>Other expenditure including amounts spent on major inspections and overhauls of production plant is depreciated over the period until the<span class=\"_ _2b7\"> </span>next outage which for AGR power stations is 2 to 3 years and for the PWR power station is 18 months.<span class=\"_ _2b7\"> </span>(d) Nuclear Liabilities Fund (NLF) funding arrangements<span class=\"_ _2b7\"> </span>Under the arrangements in place with the Secretary of State, the NLF will fund, subject to certain exceptions, qualifying uncontracted<span class=\"_ _2b7\"> </span>nuclear liabilities and qualifying decommissioning costs.<span class=\"_ _2b7\"> </span>In part consideration for the assumption of these liabilities by the Secretary of State and the NLF, the former British Energy Group agreed<span class=\"_ _2b7\"> </span>to pay fixed decommissioning contributions each year and \u00a3150,000 (indexed to RPI) for every tonne of uranium in PWR fuel loaded into<span class=\"_ _2b7\"> </span>the Sizewell B reactor after the date of these arrangements.<span class=\"_ _2b7\"> </span>(e) NLF and nuclear liabilities receivables<span class=\"_ _2b7\"> </span>The UK Government indemnity is provided to indemnify any future shortfall on NLF funding of qualifying uncontracted nuclear liabilities<span class=\"_ _2b7\"> </span>(including PWR back-end fuel services) and qualifying nuclear decommissioning costs such that the receivable equals the present value of<span class=\"_ _2b7\"> </span>the associated qualifying nuclear liabilities (apart from a small timing difference due to timing of receipts from NLF).<span class=\"_ _2b7\"> </span>(f) Nuclear liabilities<span class=\"_ _2b7\"> </span>Nuclear liabilities represent provision for liabilities in respect of the costs of waste management of spent fuel and nuclear decommissioning.<span class=\"_ _2b7\"> </span>(g) Unburnt fuels at shutdown<span class=\"_ _2b7\"> </span>Due to the nature of the nuclear fuel process there will be quantities of unburnt fuel in the reactors at station closure. The costs relating to<span class=\"_ _2b7\"> </span>this unburnt fuel (final core) are fully provided for at the balance sheet date. The provision is based on a projected value per tonne of fuel<span class=\"_ _2b7\"> </span>remaining at closure, discounted back to the balance sheet date and recorded as a long-term liability.<span class=\"_ _2b7\"> </span>S3<span class=\"ff6d fs11 fca\">.<span class=\"_ _13e\"> </span></span>Financial risk management<span class=\"_ _2b7\"> </span>The Group\u2019s normal operating, investing and financing activities expose it to a variety of financial risks: market risk<span class=\"_ _2b7\"> </span>(including commodity price risk, currency risk and interest rate risk), credit risk and liquidity risk. The Group\u2019s overall<span class=\"_ _2b7\"> </span>financial risk management processes are designed to identify, manage and mitigate these risks.<span class=\"_ _2b7\"> </span>Further detail on the Group\u2019s overall risk management processes is included within the Strategic Report \u2013 Principal Risks and<span class=\"_ _2b7\"> </span>Uncertainties on pages 28 to 33.<span class=\"_ _2b7\"> </span>Commodity price risk management is carried out in accordance with individual business unit policies and directives including appropriate<span class=\"_ _2b7\"> </span>escalation routes.<span class=\"_ _2b7\"> </span>Treasury risk management, including management of currency risk, interest rate risk and liquidity risk is carried out by a central Group<span class=\"_ _2b7\"> </span>Treasury function in accordance with the Group\u2019s financing and treasury policy, as approved by the Board.<span class=\"_ _2b7\"> </span>The wholesale credit risks associated with commodity trading and treasury positions are managed in accordance with the Group\u2019s credit<span class=\"_ _2b7\"> </span>risk policy. Downstream customer credit risk management is carried out in accordance with appropriate group-wide and individual<span class=\"_ _2b7\"> </span>business unit credit policies.<span class=\"_ _2b7\"> </span>Market risk management<span class=\"_ _2b7\"> </span>Market risk is the risk of loss that results from changes in market prices (commodity prices, foreign exchange rates and interest rates). The<span class=\"_ _2b7\"> </span>level of market risk to which the Group is exposed at a point in time varies depending on market conditions, expectations of future price or<span class=\"_ _2b7\"> </span>market rate movements and the composition of the Group\u2019s physical asset and contract portfolios.<span class=\"_ _2b7\"> </span>(a) Commodity price risk management<span class=\"_ _2b7\"> </span>The Group is exposed to commodity price risk in its energy procurement and supply activities, production, generation and trading<span class=\"_ _2b7\"> </span>operations and uses specific limits to manage the exposure to commodity prices associated with the Group\u2019s activities to an acceptable<span class=\"_ _2b7\"> </span>level. The Group uses Profit at Risk (PaR) limits to control exposures to market prices. These are complemented by other limits including<span class=\"_ _2b7\"> </span>Value at Risk (VaR), volumetric or stop-loss limits to control risk around trading activities.<span class=\"_ _2b7\"> </span>(i)<span class=\"ff71 fcf\"> </span>Energy price exposed business activities<span class=\"_ _2b7\"> </span>The Group\u2019s price exposed business activities consist of equity gas and liquids production, equity power generation, bilateral procurement<span class=\"_ _2b7\"> </span>and sales contracts, market-traded purchase and sales contracts and derivative positions primarily transacted with the intent of securing<span class=\"_ _2b7\"> </span>gas and power for the Group\u2019s supply customers, from a variety of sources at an optimal cost. The Group actively manages commodity<span class=\"_ _2b7\"> </span>price risk by optimising its asset and contract portfolios and making use of volume flexibility.<span class=\"_ _2b7\"> </span>The Group\u2019s commodity price risk exposure within its business activities is driven by the cost of procuring gas and electricity to serve its<span class=\"_ _2b7\"> </span>supply customers and selling gas and electricity from its upstream production and generation, which varies with wholesale commodity<span class=\"_ _2b7\"> </span>prices. The primary risk is that market prices for commodities will fluctuate between the time that sales prices are fixed or tariffs are set<span class=\"_ _2b7\"> </span>and the time at which the corresponding procurement cost is fixed, thereby potentially reducing expected margins or making sales<span class=\"_ _2b7\"> </span>unprofitable.<span class=\"_ _2b7\"> </span>The Group\u2019s supply activities are also exposed to volumetric risk in the form of an uncertain consumption profile arising from a range of<span class=\"_ _2b7\"> </span>factors, including the weather, energy consumption changes, customer attrition and the economic climate. There is also risk associated<span class=\"_ _2b7\"> </span>with ensuring that there is sufficient commodity available to secure supply to customers. The Group\u2019s production and generation activities<span class=\"_ _2b7\"> </span>are also exposed to volumetric risk in the form of uncertain production profiles.<span class=\"_ _2b7\"> </span>In order to manage the exposure to market prices associated with the Group\u2019s business operations the Group uses a specific set of<span class=\"_ _2b7\"> </span>risk limits (including VaR and PaR) established by the Board, and sub-delegated downwards through the delegation lines to the<span class=\"_ _2b7\"> </span>commercial leaders.<span class=\"_ _2b7\"> </span>PaR measures the estimated potential loss in a position or portfolio of positions associated with the movement of a commodity price for<span class=\"_ _2b7\"> </span>a given confidence level, over the remaining term of the position or contract. VaR measures the estimated potential loss for a given<span class=\"_ _2b7\"> </span>confidence level over a predetermined holding period. The standard confidence level used is 95%. In addition, regular stress and scenario<span class=\"_ _2b7\"> </span>tests are performed to evaluate the impact on the portfolio of possible substantial movements in commodity prices.<span class=\"_ _2b7\"> </span>The Group measures and manages the commodity price risk associated with the Group\u2019s entire energy price exposed business portfolio.<span class=\"_ _2b7\"> </span>Only certain of the Group\u2019s energy contracts constitute financial instruments under IFRS 9 (see note <span class=\"_ _1\"></span>S6.).<span class=\"_ _2b7\"> </span>As a result, while the Group manages the commodity price risk associated with both financial and non-financial energy procurement and<span class=\"_ _2b7\"> </span>sales contracts, it is the notional value of energy contracts being carried at fair value that represents the exposure of the Group\u2019s energy<span class=\"_ _2b7\"> </span>price exposed business activities to commodity price risk according to IFRS 7 \u2018Financial Instruments: Disclosures\u2019. This is because energy<span class=\"_ _2b7\"> </span>contracts that are financial instruments under IFRS 9 are accounted for on a fair value basis and changes in fair value immediately impact<span class=\"_ _2b7\"> </span>profit. Conversely, energy contracts that are not financial instruments under IFRS 9 are accounted for as executory contracts and changes<span class=\"_ _2b7\"> </span>in fair value do not immediately impact profit and, as such, are not exposed to commodity price risk as defined by IFRS 7. So, whilst the<span class=\"_ _2b7\"> </span>PaR or VaR associated with energy procurement and supply contracts that are outside the scope of IFRS 9 are monitored for internal risk<span class=\"_ _2b7\"> </span>management purposes, only those energy contracts within the scope of IFRS 9 are within the scope of the IFRS 7 disclosure<span class=\"_ _2b7\"> </span>requirements.<span class=\"_ _2b7\"> </span>S3.<span class=\"_ _13e\"> </span>Financial risk management<span class=\"_ _2b7\"> </span>(ii) Proprietary energy trading<span class=\"_ _2b7\"> </span>The Group\u2019s proprietary energy trading activities consist of physical and financial commodity purchases and sales contracts taken on with<span class=\"_ _2b7\"> </span>the intent of benefitting from changes in market prices or differences between buying and selling prices. The Group conducts its trading<span class=\"_ _2b7\"> </span>activities in the over-the-counter market and through exchanges in the UK and continental Europe. The Group is exposed to commodity<span class=\"_ _2b7\"> </span>price risk as a result of its proprietary energy trading activities because the value of its trading assets and liabilities will fluctuate with<span class=\"_ _2b7\"> </span>changes in market prices for commodities.<span class=\"_ _2b7\"> </span>The Group sets volumetric and VaR limits to manage the commodity price risk exposure associated with the Group\u2019s proprietary energy<span class=\"_ _2b7\"> </span>trading activities. VaR measures the estimated potential loss at a 95% confidence level over a one-day holding period. The carrying value<span class=\"_ _2b7\"> </span>of energy contracts used in proprietary energy trading activities at <span class=\"_ _1\"></span>31 December 2022 is disclosed in note 19.<span class=\"_ _2b7\"> </span>As with any modelled risk measure, there are certain limitations that arise from the assumptions used in the VaR calculation. VaR assumes<span class=\"_ _2b7\"> </span>that historical price behaviours will continue in the future and that the Group\u2019s trading positions can be unwound or hedged within the<span class=\"_ _2b7\"> </span>predetermined holding period. Furthermore, the use of a 95% confidence level, by definition, does not take into account changes in value<span class=\"_ _2b7\"> </span>that might occur beyond this confidence level.<span class=\"_ _2b7\"> </span>(b) Currency risk management<span class=\"_ _2b7\"> </span>The Group is exposed to currency risk on foreign currency denominated forecast transactions, firm commitments, monetary assets and<span class=\"_ _2b7\"> </span>liabilities (transactional exposure) and on its net investments in foreign operations (translational exposure). IFRS 7 only requires disclosure<span class=\"_ _2b7\"> </span>of currency risk arising on financial instruments denominated in a currency other than the functional currency of the commercial operation<span class=\"_ _2b7\"> </span>transacting. As a result, for the purposes of IFRS 7, currency risk excludes items that are not financial instruments, such as the Group\u2019s<span class=\"_ _2b7\"> </span>net investments in international operations as well as foreign currency denominated forecast transactions and firm commitments.<span class=\"_ _2b7\"> </span>(i) Transactional currency risk<span class=\"_ _2b7\"> </span>The Group is exposed to transactional currency risk on transactions denominated in currencies other than the underlying functional<span class=\"_ _2b7\"> </span>currency of the commercial operation transacting. The primary functional currencies remain pounds sterling in the UK, Danish krone in<span class=\"_ _2b7\"> </span>Denmark, Euros in the Netherlands and the Republic of Ireland and US Dollars in the Group\u2019s LNG business. The risk is that the functional<span class=\"_ _2b7\"> </span>currency value of cash flows will vary as a result of movements in exchange rates. Transactional exposure arises from the Group\u2019s energy<span class=\"_ _2b7\"> </span>procurement, production and generation activities, where many transactions are denominated in foreign currencies. In addition, in order to<span class=\"_ _2b7\"> </span>optimise the cost of funding, the Group has, in certain cases, issued foreign currency denominated debt or entered into foreign currency<span class=\"_ _2b7\"> </span>loans, primarily in US dollars, Euros and Japanese yen.<span class=\"_ _2b7\"> </span>It is the Group\u2019s policy to hedge material transactional exposures using derivatives (either applying formal hedge accounting or economic<span class=\"_ _2b7\"> </span>hedge relationships) to fix the functional currency value of non-functional currency cash flows, except where there is an economic hedge<span class=\"_ _2b7\"> </span>inherent in the transaction. At 31 December 2022, there were no material unhedged non-functional currency monetary assets or liab<span class=\"_ _1\"></span>ilities,<span class=\"_ _2b7\"> </span>firm commitments or probable forecast transactions (2021<span class=\"_ _b\"></span>: \u00a3nil), other than transactions which have an inherent economic hedge and<span class=\"_ _2b7\"> </span>foreign currency borrowings used to hedge translational exposures.<span class=\"_ _2b7\"> </span>(ii) Translational currency risk<span class=\"_ _2b7\"> </span>The Group is exposed to translational currency risk as a result of its net investments in Europe. The risk is that the pounds sterling value of<span class=\"_ _2b7\"> </span>the net assets of foreign operations will decrease with changes in foreign exchange rates. The Group\u2019s policy is to protect the pounds<span class=\"_ _2b7\"> </span>sterling book value of its net investments in foreign operations where appropriate, subject to certain parameters, by holding foreign<span class=\"_ _2b7\"> </span>currency debt, entering into foreign currency derivatives, or a mixture of both.<span class=\"_ _2b7\"> </span>The Group manages translational currency risk taking into consideration the cash impact of any hedging activity as well as the risk to the<span class=\"_ _2b7\"> </span>net asset carrying values in the Group\u2019s Financial Statements. The translation hedging programme including the potential cash impact is<span class=\"_ _2b7\"> </span>managed by the Group Treasury function and monitored by the Chief Financial Officer.<span class=\"_ _2b7\"> </span>(c) Interest rate risk management<span class=\"_ _2b7\"> </span>In the normal course of business the Group borrows to finance its operations. The Group is exposed to interest rate risk because the fair<span class=\"_ _2b7\"> </span>value of fixed-rate borrowings and the cash flows associated with floating rate borrowings will fluctuate with changes in interest rates. The<span class=\"_ _2b7\"> </span>Group\u2019s policy is to manage the interest rate risk on long-term borrowings by ensuring the exposure to floating interest rates remains<span class=\"_ _2b7\"> </span>within a 30% to 70% range, including the impact of interest rate derivatives.<span class=\"_ _2b7\"> </span>The return generated on the Group\u2019s cash balance is also exposed to movements in short-term interest rates. The Group manages cash<span class=\"_ _2b7\"> </span>balances to protect against adverse changes in rates whilst retaining liquidity.<span class=\"_ _2b7\"> </span>S3.<span class=\"_ _13e\"> </span>Financial risk management<span class=\"_ _2b7\"> </span>(d) Sensitivity analysis<span class=\"_ _2b7\"> </span>IFRS 7 requires disclosure of a sensitivity analysis that is intended to illustrate the sensitivity of the Group\u2019s financial position and<span class=\"_ _2b7\"> </span>performance to changes in market variables (commodity prices, foreign exchange rates and interest rates) as a result of changes in the fair<span class=\"_ _2b7\"> </span>value or cash flows associated with the Group\u2019s financial instruments. The sensitivity analysis provided discloses the effect on profit or loss<span class=\"_ _2b7\"> </span>and equity at 31 December 2022, assuming that a reasonably possible change in the relevant risk variable had occurred at <span class=\"_ _1\"></span>31 December<span class=\"_ _2b7\"> </span>2022, and has been applied to the risk exposures in existence at that date to show the effects of reasonably possible changes in price on<span class=\"_ _2b7\"> </span>profit or loss and equity. Reasonably possible changes in market variables used in the sensitivity analysis are based on implied volatilities,<span class=\"_ _2b7\"> </span>where available, or historical data for energy prices and foreign exchange rates. Reasonably possible changes in interest rates are based<span class=\"_ _2b7\"> </span>on management judgement and historical experience.<span class=\"_ _2b7\"> </span>The sensitivity analysis has been prepared based on 31 Decemb<span class=\"_ _b\"></span>er 2022 balances and on the basis that the balances, the ratio of fixed to<span class=\"_ _2b7\"> </span>floating rates of debt and derivatives, the proportion of energy contracts that are financial instruments, the proportion of financial<span class=\"_ _2b7\"> </span>instruments in foreign currencies and the hedge designations in place at <span class=\"_ _1\"></span>31 December 2022 are all constant. Excluded from this analysis<span class=\"_ _2b7\"> </span>are all non-financial assets and liabilities and energy contracts that are not financial instruments under IFRS 9. The sensitivity to foreign<span class=\"_ _2b7\"> </span>exchange rates relates only to monetary assets and liabilities denominated in a currency other than the functional currency of the<span class=\"_ _2b7\"> </span>commercial operation transacting, and excludes the translation of the net assets of foreign operations to pounds sterling.<span class=\"_ _2b7\"> </span>The sensitivity analysis provided is hypothetical only and should be used with caution as the impacts provided are not necessarily<span class=\"_ _2b7\"> </span>indicative of the actual impacts that would be experienced. This is because the Group\u2019s actual exposure to market rates is changing<span class=\"_ _2b7\"> </span>constantly as the Group\u2019s portfolio of commodity, debt and foreign currency contracts changes. Changes in fair values or cash flows<span class=\"_ _2b7\"> </span>based on a variation in a market variable cannot be extrapolated because the relationship between the change in market variable and the<span class=\"_ _2b7\"> </span>change in fair value or cash flows may not be linear. In addition, the effect of a change in a particular market variable on fair values or cash<span class=\"_ _2b7\"> </span>flows is calculated without considering interrelationships between the various market rates or mitigating actions that would be taken by the<span class=\"_ _2b7\"> </span>Group.<span class=\"_ _2b7\"> </span>(i) Transactional currency risk<span class=\"_ _2b7\"> </span>The Group has performed an analysis of the sensitivity of the Group\u2019s financial position and performance to changes in foreign exchange<span class=\"_ _2b7\"> </span>rates. The Group deems 10% movements to US dollar and euro currency rates relative to pounds sterling to be reasonably possible.<span class=\"_ _2b7\"> </span>The material impact of such movements on profit and equity, both before and after taxation, are as follows:<span class=\"_ _2b7\"> </span>Incremental profit/(loss)<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>Impact on<span class=\"_ _2b7\"> </span>profit<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>Impact<span class=\"_ _2b7\"> </span>on profit<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>US dollar \u2013 increase/(decrease)<span class=\"_ _2b7\"> </span>139/(180)<span class=\"_ _2b7\"> </span>86/(117)<span class=\"_ _2b7\"> </span>Euro \u2013 increase/(decrease)<span class=\"_ _23c\"> </span><span class=\"ff66\">36/(38)<span class=\"_ _75\"> </span></span>111/(113)<span class=\"_ _2b7\"> </span>All other currency sensitivities are not material.<span class=\"_ _2b7\"> </span>(ii) Interest rate risk<span class=\"_ _2b7\"> </span>The Group has performed an analysis of the sensitivity of the Group\u2019s financial position and performance to changes in interest rates. The<span class=\"_ _2b7\"> </span>Group deems a one percentage point move in UK, US and euro interest rates to be reasonably possible<span class=\"_ _1\"></span>. The impact of such movements<span class=\"_ _2b7\"> </span>on profit and equity, both after taxation, is immaterial.<span class=\"_ _2b7\"> </span>(iii) Commodity price risk \u2013 non proprietary<span class=\"_ _2b7\"> </span>The impacts of reasonably possible changes in commodity prices on profit and equity, both after taxation, based on the assumptions set<span class=\"_ _2b7\"> </span>out above are as follows:<span class=\"_ _2b7\"> </span>2022<span class=\"_ _cf\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>Energy prices<span class=\"_ _2b7\"> </span>Base price<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>Reasonably<span class=\"_ _2b7\"> </span>possible<span class=\"_ _2b7\"> </span>change in<span class=\"_ _2b7\"> </span>variable<span class=\"_ _2b7\"> </span>(ii) %<span class=\"_ _7e\"> </span><span class=\"ff6b fcf\">Base price<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _2b7\"> </span>Reasonably possible<span class=\"_ _2b7\"> </span>change in variable<span class=\"_ _2b7\"> </span>(ii) %<span class=\"_ _2b7\"> </span>UK gas (p/therm)<span class=\"_ _2b7\"> </span>184<span class=\"_ _5d\"> </span>+/-47<span class=\"_ _2b7\"> </span>105<span class=\"_ _48\"> </span>+/-58<span class=\"_ _2b7\"> </span>European gas (p/therm)<span class=\"_ _2b7\"> </span>71<span class=\"_ _5d\"> </span>+/-47<span class=\"_ _2b7\"> </span>103<span class=\"_ _48\"> </span>+/-58<span class=\"_ _2b7\"> </span>UK power (\u00a3/MWh)<span class=\"_ _2b7\"> </span>189<span class=\"_ _5d\"> </span>+/-26<span class=\"_ _2b7\"> </span>115<span class=\"_ _48\"> </span>+/-17<span class=\"_ _2b7\"> </span>UK emissions (\u20ac/tonne)<span class=\"_ _2b7\"> </span>86<span class=\"_ _10d\"> </span>+/-7<span class=\"_ _2b7\"> </span>82<span class=\"_ _bc\"> </span>+/-7<span class=\"_ _2b7\"> </span>UK oil (US$/bbl)<span class=\"_ _2b7\"> </span>84<span class=\"_ _5d\"> </span>+/-19<span class=\"_ _2b7\"> </span>71<span class=\"_ _bc\"> </span>+/-7<span class=\"_ _2b7\"> </span>North American gas (US cents/therm)<span class=\"_ _2b7\"> </span>44<span class=\"_ _5d\"> </span>+/-25<span class=\"_ _2b7\"> </span>34<span class=\"_ _48\"> </span>+/-13<span class=\"_ _2b7\"> </span>S3.<span class=\"_ _13e\"> </span>Financial risk management<span class=\"_ _2b7\"> </span>Incremental profit/(loss)<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>Impact on<span class=\"_ _2b7\"> </span>profit<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>Impact on<span class=\"_ _2b7\"> </span>profit<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>UK gas price \u2013 increase/(decrease)<span class=\"_ _2b7\"> </span>365/(374)<span class=\"_ _2b7\"> </span>1,076/(1,053)<span class=\"_ _2b7\"> </span>UK power price \u2013 increase/(decrease)<span class=\"_ _2b7\"> </span>540/(544)<span class=\"_ _2b7\"> </span>201/(225)<span class=\"_ _2b7\"> </span>European gas price \u2013 (decrease)/increase<span class=\"_ _2b7\"> </span>(171)/171<span class=\"_ _2b7\"> </span>(690)/691<span class=\"_ _2b7\"> </span>Other UK energy prices (oil and emissions) \u2013 (decrease)/increase<span class=\"_ _2b7\"> </span>(32)/32<span class=\"_ _2b7\"> </span>(22)/22<span class=\"_ _2b7\"> </span>UK and European energy prices (combined) \u2013 increase/(decrease)<span class=\"_ _2b7\"> </span>702/(715)<span class=\"_ _2b7\"> </span>565/(565)<span class=\"_ _2b7\"> </span>North American energy prices (combined) \u2013 increase/(decrease)<span class=\"_ _2b7\"> </span>60/(60)<span class=\"_ _2b7\"> </span>34/(34)<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _1b7\"> </span>The base price represents the average forward market price over the duration of the active market curve used in the sensitivity analysis provided.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>The reasonably possible change in variable and the impact on profit are calculated using both the active and inactive market curves for energy prices.<span class=\"_ _2b7\"> </span>The impact on other comprehensive income of such price changes is immaterial.<span class=\"_ _2b7\"> </span>(iv) Commodity price risk \u2013 proprietary trades<span class=\"_ _2b7\"> </span>As at 31 December 2022 the VaR associated with proprietary trading was<span class=\"_ _1\"></span> \u00a35 million (2021: \u00a313 million). This represents the statistical<span class=\"_ _2b7\"> </span>downside risk associated with the proprietary trade and associated hedging positions. The changes in the year only relate to changes in<span class=\"_ _2b7\"> </span>commodity prices. Intra-day trading positions are monitored using a live time risk management system.<span class=\"_ _2b7\"> </span>The impacts of reasonably possible changes using probability<span class=\"_ _1\"></span>-based high and low price curves applied to level 3 proprietary trades are<span class=\"_ _2b7\"> </span>as follows:<span class=\"_ _2b7\"> </span>Incremental profit/(loss)<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>Impact on<span class=\"_ _2b7\"> </span>profit<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>Impact on<span class=\"_ _2b7\"> </span>profit<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Level 3 proprietary trades \u2013 increase/(decrease)<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _2b7\"> </span>891/(877)<span class=\"_ _75\"> </span><span class=\"ff6b\">562/(503)<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _1b7\"> </span>The reasonably possible change in variable and the impact on profit are calculated using both the active and inactive market curves for energy prices, see note 7(c) for<span class=\"_ _2b7\"> </span>detail on market curves.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>The level 3 proprietary financial instruments\u2019 sensitivity has been valued in Secure Environment and excludes associated hedges which would mitigate this impact.<span class=\"_ _2b7\"> </span>S3.<span class=\"_ _13e\"> </span>Financial risk management<span class=\"_ _2b7\"> </span>Credit risk management<span class=\"_ _2b7\"> </span>Credit risk is the risk of loss associated with a counterparty\u2019s inability or failure to discharge its obligations under a contract.<span class=\"_ _2b7\"> </span>The Group continually reviews its rating thresholds for relevant counterparty credit limits and updates these as necessary, based on a<span class=\"_ _2b7\"> </span>consistent set of principles. It continues to operate within its limits. In respect of trading activities for both the US and Europe there is an<span class=\"_ _2b7\"> </span>effort to maintain a balance between exchange-based trading and bilateral transactions. This allows for a reasonable balance between<span class=\"_ _2b7\"> </span>counterparty credit risk and potential liquidity requirements. In addition, the Group actively manages the trade-off between credit and<span class=\"_ _2b7\"> </span>liquidity risks by optimising the use of contracts with collateral obligations and physically settled contracts without collateral obligations.<span class=\"_ _2b7\"> </span>The Group is exposed to credit risk in its treasury, trading, energy procurement and downstream activities. The maximum exposure to<span class=\"_ _2b7\"> </span>credit risk for financial instruments at fair value is equal to their carrying value. Gross amounts are shown by counterparty credit rating in<span class=\"_ _2b7\"> </span>the table below. Further details of other collateral and credit security not offset against these amounts is shown in note S6.<span class=\"_ _1\"></span><span class=\"ff6d\"> </span>2022<span class=\"_ _2b7\"> </span>Financial assets at<span class=\"_ _2b7\"> </span>amortised cost<span class=\"_ _165\"> </span>Financial assets at fair value<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>Receivables<span class=\"_ _2b7\"> </span>including<span class=\"_ _2b7\"> </span>treasury, trading<span class=\"_ _2b7\"> </span>and energy<span class=\"_ _2b7\"> </span>procurement<span class=\"_ _2b7\"> </span>counterparties<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Securities<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Cash and<span class=\"_ _2b7\"> </span>cash<span class=\"_ _2b7\"> </span>equivalents<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Cash and<span class=\"_ _2b7\"> </span>cash<span class=\"_ _2b7\"> </span>equivalents<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Derivative<span class=\"_ _2b7\"> </span>financial<span class=\"_ _2b7\"> </span>instruments<span class=\"_ _2b7\"> </span>with positive<span class=\"_ _2b7\"> </span>fair values<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Securities<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>AAA to AA <span class=\"_ _1b9\"> </span>245 <span class=\"_ _9e\"> </span> <span class=\"_ _b8\"> </span>\u2014 <span class=\"_ _1da\"> </span> <span class=\"_ _b9\"> </span>1,046 <span class=\"_ _a9\"> </span> <span class=\"_ _b9\"> </span>2,800 <span class=\"_ _9e\"> </span> <span class=\"_ _50\"> </span>19 <span class=\"_ _1da\"> </span> <span class=\"_ _50\"> </span>95<span class=\"_ _2b7\"> </span>AA- to A- <span class=\"_ _1b9\"> </span>914 <span class=\"_ _9e\"> </span> <span class=\"_ _b8\"> </span>\u2014 <span class=\"_ _1da\"> </span> <span class=\"_ _146\"> </span>798 <span class=\"_ _a9\"> </span> <span class=\"_ _10c\"> </span>178 <span class=\"_ _9e\"> </span> <span class=\"_ _e4\"> </span>1,271 <span class=\"_ _9e\"> </span> <span class=\"_ _b8\"> </span>\u2014<span class=\"_ _2b7\"> </span>BBB+ to BBB- <span class=\"_ _104\"> </span>2,727 <span class=\"_ _9e\"> </span> <span class=\"_ _b8\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>20 <span class=\"_ _a9\"> </span> <span class=\"_ _46\"> </span>\u2014 <span class=\"_ _1da\"> </span> <span class=\"_ _b9\"> </span>4,459 <span class=\"_ _9e\"> </span> <span class=\"_ _9a\"> </span>\u2014<span class=\"_ _2b7\"> </span>BB+ to BB- <span class=\"_ _1b9\"> </span>542 <span class=\"_ _9e\"> </span> <span class=\"_ _b8\"> </span>\u2014 <span class=\"_ _1da\"> </span> <span class=\"_ _b8\"> </span>\u2014 <span class=\"_ _a9\"> </span> <span class=\"_ _b8\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _146\"> </span>724 <span class=\"_ _9e\"> </span> <span class=\"_ _b8\"> </span>\u2014<span class=\"_ _2b7\"> </span>B+ or lower <span class=\"_ _1b9\"> </span>112 <span class=\"_ _9e\"> </span> <span class=\"_ _b8\"> </span>\u2014 <span class=\"_ _1da\"> </span> <span class=\"_ _b8\"> </span>\u2014 <span class=\"_ _a9\"> </span> <span class=\"_ _b8\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _146\"> </span>235 <span class=\"_ _9e\"> </span> <span class=\"_ _b8\"> </span>\u2014<span class=\"_ _2b7\"> </span>Unrated<span class=\"_ _2b7\"> </span>(iii) <span class=\"_ _104\"> </span>4,534 <span class=\"_ _9e\"> </span> <span class=\"_ _146\"> </span>403 <span class=\"_ _9e\"> </span> <span class=\"_ _b8\"> </span>\u2014 <span class=\"_ _a9\"> </span> <span class=\"_ _b8\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _146\"> </span>719 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>27 <span class=\"_ _104\"> </span>9,074 <span class=\"_ _9e\"> </span> <span class=\"_ _146\"> </span>403 <span class=\"_ _9e\"> </span> <span class=\"_ _e4\"> </span>1,864 <span class=\"_ _11c\"> </span> <span class=\"_ _e4\"> </span>2,978 <span class=\"_ _141\"> </span> <span class=\"_ _e4\"> </span>7,427 <span class=\"_ _9e\"> </span> <span class=\"_ _146\"> </span>122<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>Financial assets at<span class=\"_ _2b7\"> </span>amortised cost<span class=\"_ _a3\"> </span>Financial assets at fair value<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>Receivables including treasury, trading and<span class=\"_ _2b7\"> </span>energy<span class=\"_ _2b7\"> </span>procurement<span class=\"_ _2b7\"> </span>counterparties<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Securities<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Cash and cash<span class=\"_ _2b7\"> </span>equivalents<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Cash and cash<span class=\"_ _2b7\"> </span>equivalents<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Derivative financial<span class=\"_ _2b7\"> </span>instruments<span class=\"_ _2b7\"> </span>with positive<span class=\"_ _2b7\"> </span>fair values<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Securities<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>AAA to AA <span class=\"_ _1b9\"> </span>444 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014 <span class=\"_ _a9\"> </span> <span class=\"_ _4e\"> </span>3,670 <span class=\"_ _9e\"> </span> <span class=\"_ _22\"> </span>52 <span class=\"_ _1da\"> </span> <span class=\"_ _26\"> </span>111<span class=\"_ _2b7\"> </span>AA- to A- <span class=\"_ _1b9\"> </span>615 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _4e\"> </span>1,278 <span class=\"_ _a9\"> </span> <span class=\"_ _50\"> </span>\u2014 <span class=\"_ _1da\"> </span> <span class=\"_ _4e\"> </span>2,128 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014<span class=\"_ _2b7\"> </span>BBB+ to BBB- <span class=\"_ _104\"> </span>1,249 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _22\"> </span>60 <span class=\"_ _a9\"> </span> <span class=\"_ _50\"> </span>\u2014 <span class=\"_ _1da\"> </span> <span class=\"_ _4e\"> </span>4,453 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014<span class=\"_ _2b7\"> </span>BB+ to BB- <span class=\"_ _104\"> </span>1,051 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _50\"> </span>\u2014 <span class=\"_ _a9\"> </span> <span class=\"_ _50\"> </span>\u2014 <span class=\"_ _1da\"> </span> <span class=\"_ _26\"> </span>629 <span class=\"_ _1da\"> </span> <span class=\"_ _50\"> </span>\u2014<span class=\"_ _2b7\"> </span>B+ or lower <span class=\"_ _e8\"> </span>17 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014 <span class=\"_ _a9\"> </span> <span class=\"_ _50\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _2c\"> </span>128 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014<span class=\"_ _2b7\"> </span>Unrated<span class=\"_ _2b7\"> </span>(iii) <span class=\"_ _104\"> </span>3,081 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _22\"> </span>52 <span class=\"_ _a9\"> </span> <span class=\"_ _50\"> </span>\u2014 <span class=\"_ _1da\"> </span> <span class=\"_ _26\"> </span>160 <span class=\"_ _1da\"> </span> <span class=\"_ _22\"> </span>24 <span class=\"_ _104\"> </span>6,457 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _4e\"> </span>1,390 <span class=\"_ _a9\"> </span> <span class=\"_ _4e\"> </span>3,670 <span class=\"_ _9e\"> </span> <span class=\"_ _14d\"> </span>7,550 <span class=\"_ _141\"> </span> <span class=\"_ _2c\"> </span>135<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _1b7\"> </span>The Group holds a provision of \u00a3872 million (2021: \u00a3633 million) against receivables. The significant majority of this provision is held against amount<span class=\"_ _b\"></span>s due from unrated<span class=\"_ _2b7\"> </span>counterparties. Further analysis of past due trade receivables may be found at note <span class=\"_ _1\"></span>17.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>Securities held at amortised cost consist of loans to the pension schemes \u2013 see note 22.<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _141\"> </span>The unrated counterparty receivables primarily comprise amounts due from downstream customers, subsidiaries of rated entities, exchanges or clearing houses.<span class=\"_ _2b7\"> </span>S3.<span class=\"_ _13e\"> </span>Financial risk management<span class=\"_ _2b7\"> </span>Details of how credit risk is managed across the asset categories are provided below:<span class=\"_ _2b7\"> </span>(a) Treasury, trading and energy procurement activities<span class=\"_ _2b7\"> </span>Wholesale counterparty credit exposures are monitored by individual counterparty and by category of credit rating, and are subject to<span class=\"_ _2b7\"> </span>approved limits. The Group uses master netting agreements to reduce credit risk and net settles payments with counterparties where net<span class=\"_ _2b7\"> </span>settlement provisions exist (see note S6. for details of amounts offset). In add<span class=\"_ _b\"></span>ition, the Group employs a variety of other methods to<span class=\"_ _2b7\"> </span>mitigate credit risk: margining, various forms of bank and parent company guarantees and letters of credit.<span class=\"_ _2b7\"> </span>The vast majority of group credit risk associated with its treasury, trading and energy procurement activities is with counterparties in<span class=\"_ _2b7\"> </span>related energy industries or financial institutions together with smaller exposures to commodity traders and small independent renewable<span class=\"_ _2b7\"> </span>producers. The impairment considerations of IFRS 9 are applicable to financial assets arising from treasury, trading and energy<span class=\"_ _2b7\"> </span>procurement activities that are carried at amortised cost and debt instruments that are carried at fair value through other comprehensive<span class=\"_ _2b7\"> </span>income (FVOCI). Debt instruments measured at FVOCI are not material for further disclosure.<span class=\"_ _2b7\"> </span>Included in the table above within receivables including treasury, trading and energy procurement counterparties is \u00a34,525 million (<span class=\"_ _1\"></span>2021:<span class=\"_ _2b7\"> </span>\u00a33,643 million) of treasury, trading and energy procurement assets. The Group\u2019s risk assessment procedures and counterparty selection<span class=\"_ _2b7\"> </span>process ensure that the credit risk on this type of financial asset is always low at initial recognition.<span class=\"_ _2b7\"> </span>Included within the table above is information about the exposure to credit risk arising from only certain of the Group\u2019s energy<span class=\"_ _2b7\"> </span>procurement contracts \u2013 those in the scope of IFRS 9. Whilst the Group manages the credit risk associated with both financial and non-<span class=\"_ _2b7\"> </span>financial energy procurement contracts, it is the carrying value of financial assets within the scope of IFRS 9 (note <span class=\"_ _1\"></span>S6.) that represents the<span class=\"_ _2b7\"> </span>maximum exposure to credit risk in accordance with IFRS 7.<span class=\"_ _2b7\"> </span>(b) Trade receivables and contract assets<span class=\"_ _2b7\"> </span>The simplified approach of measuring lifetime expected credit losses has been applied to trade receivables and contract asset balances,<span class=\"_ _2b7\"> </span>which are the focus of this disclosure. Therefore, consideration of the significance of any change in credit risk since initial recognition for<span class=\"_ _2b7\"> </span>the purpose of applying this model is not required for any material component of the receivables balance.<span class=\"_ _2b7\"> </span>In the case of business customers, credit risk is managed by checking a company\u2019s creditworthiness and financial strength both before<span class=\"_ _2b7\"> </span>commencing trade and during the business relationship. For residential customers, creditworthiness is ascertained normally before<span class=\"_ _2b7\"> </span>commencing trade to determine the payment mechanism required to reduce credit risk to an acceptable level. Certain customers will only<span class=\"_ _2b7\"> </span>be accepted on a prepayment basis or with a security deposit. In some cases, an ageing of receivables is monitored and used to manage<span class=\"_ _2b7\"> </span>the exposure to credit risk associated with both business and residential customers. In other cases, credit risk is monitored and managed<span class=\"_ _2b7\"> </span>by grouping customers according to method of payment or profile.<span class=\"_ _2b7\"> </span>Liquidity risk management and going concern<span class=\"_ _2b7\"> </span>Liquidity risk is the risk that the Group is unable to meet its financial obligations as they fall due. The Group experiences significant<span class=\"_ _2b7\"> </span>movements in its liquidity position due primarily to the seasonal nature of its business and margin cash arrangements associated with<span class=\"_ _2b7\"> </span>certain wholesale commodity contracts. To mitigate this risk the Group maintains significant committed facilities and holds cash on deposit<span class=\"_ _2b7\"> </span>to ensure that there is sufficient liquidity headroom at all points in the seasonal trading cycle of the business. See note <span class=\"_ _1\"></span>24 for further<span class=\"_ _2b7\"> </span>information.<span class=\"_ _2b7\"> </span>S3.<span class=\"_ _13e\"> </span>Financial risk management<span class=\"_ _2b7\"> </span>Maturity profiles<span class=\"_ _2b7\"> </span>Maturities of derivative financial instruments, provisions, borrowings and leases are provided in the following tables (all amounts are<span class=\"_ _2b7\"> </span>remaining contractual undiscounted cash flows):<span class=\"_ _2b7\"> </span>Due for payment 2022<span class=\"_ _2b7\"> </span>&lt;1<span class=\"_ _2b7\"> </span>year<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>1 to 2<span class=\"_ _2b7\"> </span>years<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2 to 3<span class=\"_ _2b7\"> </span>years<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>3 to 4<span class=\"_ _2b7\"> </span>years<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>4 to 5<span class=\"_ _2b7\"> </span>years<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>&gt;5<span class=\"_ _2b7\"> </span>years<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Energy and interest derivatives in a loss position that will be<span class=\"_ _2b7\"> </span>settled on a net basis<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _7e\"> </span>(1,159) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(146) <span class=\"_ _8f\"> </span> <span class=\"_ _22\"> </span>(47) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(28) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(18) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(80)<span class=\"_ _2b7\"> </span>Gross energy procurement contracts and other derivative buy<span class=\"_ _2b7\"> </span>trades carried at fair value<span class=\"_ _87\"> </span><span class=\"ff66\"> <span class=\"_ _18\"> </span>(10,490) <span class=\"_ _106\"> </span> <span class=\"_ _7e\"> </span>(8,525) <span class=\"_ _106\"> </span> <span class=\"_ _7e\"> </span>(4,580) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(67) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(47) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(116)<span class=\"_ _2b7\"> </span></span>Foreign exchange derivatives that will be settled on a gross<span class=\"_ _2b7\"> </span>basis:<span class=\"_ _2b7\"> </span>Outflow<span class=\"_ _230\"> </span><span class=\"ff66\"> <span class=\"_ _4e\"> </span>(7,748) <span class=\"_ _8f\"> </span> <span class=\"_ _7e\"> </span>(1,244) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(73) <span class=\"_ _106\"> </span> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>\u2014<span class=\"_ _2b7\"> </span></span>Inflow<span class=\"_ _23d\"> </span><span class=\"ff66\"> <span class=\"_ _1f1\"> </span>8,027 <span class=\"_ _141\"> </span> <span class=\"_ _1f1\"> </span>1,207 <span class=\"_ _141\"> </span> <span class=\"_ _104\"> </span>239 <span class=\"_ _141\"> </span> <span class=\"_ _9a\"> </span>20 <span class=\"_ _141\"> </span> <span class=\"_ _2e\"> </span>1 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>\u2014<span class=\"_ _2b7\"> </span></span>Borrowings (bank loans, bonds, overdrafts and interest)<span class=\"_ _55\"> </span><span class=\"ff66\"> <span class=\"_ _7e\"> </span>(1,016) <span class=\"_ _8f\"> </span> <span class=\"_ _30\"> </span>(157) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(595) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(185) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(186) <span class=\"_ _106\"> </span> <span class=\"_ _7e\"> </span>(3,575)</span> <span class=\"_ _7a\"> </span>(12,386) <span class=\"_ _8f\"> </span> <span class=\"_ _4e\"> </span>(8,865) <span class=\"_ _8f\"> </span> <span class=\"_ _7e\"> </span>(5,056) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(260) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(250) <span class=\"_ _106\"> </span> <span class=\"_ _7e\"> </span>(3,771)<span class=\"_ _2b7\"> </span>Leases:<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _2b7\"> </span>Minimum lease payments<span class=\"_ _39\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>(89) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(79) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(70) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(55) <span class=\"_ _106\"> </span> <span class=\"_ _22\"> </span>(26) <span class=\"_ _8f\"> </span> <span class=\"_ _22\"> </span>(29)<span class=\"_ _2b7\"> </span></span>Capital elements of leases<span class=\"_ _23e\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>(88) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(69) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(67) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(51) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(24) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(26)<span class=\"_ _2b7\"> </span></span>Due for payment 2021<span class=\"_ _2b7\"> </span>&lt;1<span class=\"_ _2b7\"> </span>year<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>1 to 2<span class=\"_ _2b7\"> </span>years<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2 to 3<span class=\"_ _2b7\"> </span>years<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>3 to 4<span class=\"_ _2b7\"> </span>years<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>4 to 5<span class=\"_ _2b7\"> </span>years<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>&gt;5<span class=\"_ _2b7\"> </span>years<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Energy and interest derivatives in a loss position that will be<span class=\"_ _2b7\"> </span>settled on a net basis<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _2c\"> </span>(807) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(77) <span class=\"_ _8f\"> </span> <span class=\"_ _31\"> </span>(22) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(13) <span class=\"_ _106\"> </span> <span class=\"_ _23\"> </span>(8) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(13)<span class=\"_ _2b7\"> </span>Gross energy procurement contracts and other derivative buy<span class=\"_ _2b7\"> </span>trades carried at fair value<span class=\"_ _87\"> </span> <span class=\"_ _14d\"> </span>(6,118) <span class=\"_ _8f\"> </span> <span class=\"_ _14d\"> </span>(5,063) <span class=\"_ _8f\"> </span> <span class=\"_ _14d\"> </span>(3,342) <span class=\"_ _8f\"> </span> <span class=\"_ _14d\"> </span>(1,821) <span class=\"_ _8f\"> </span> <span class=\"_ _31\"> </span>(42) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(122)<span class=\"_ _2b7\"> </span>Foreign exchange derivatives that will be settled on a gross<span class=\"_ _2b7\"> </span>basis:<span class=\"_ _2b7\"> </span>Outflow<span class=\"_ _230\"> </span> <span class=\"_ _14d\"> </span>(4,068) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(985) <span class=\"_ _8f\"> </span> <span class=\"_ _10c\"> </span>(130) <span class=\"_ _8f\"> </span> <span class=\"_ _31\"> </span>(22) <span class=\"_ _106\"> </span> <span class=\"_ _23\"> </span>(3) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(54)<span class=\"_ _2b7\"> </span>Inflow<span class=\"_ _23d\"> </span> <span class=\"_ _81\"> </span>4,500 <span class=\"_ _8a\"> </span> <span class=\"_ _104\"> </span>990 <span class=\"_ _8a\"> </span> <span class=\"_ _104\"> </span>130 <span class=\"_ _141\"> </span> <span class=\"_ _2a\"> </span>22 <span class=\"_ _8a\"> </span> <span class=\"_ _2e\"> </span>1 <span class=\"_ _8a\"> </span> <span class=\"_ _2a\"> </span>96<span class=\"_ _2b7\"> </span>Borrowings (bank loans, bonds, overdrafts and interest)<span class=\"_ _55\"> </span> <span class=\"_ _4e\"> </span>(1,141) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(385) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(154) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(592) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(182) <span class=\"_ _106\"> </span> <span class=\"_ _4e\"> </span>(3,673) <span class=\"_ _14d\"> </span>(7,634) <span class=\"_ _8f\"> </span> <span class=\"_ _14d\"> </span>(5,520) <span class=\"_ _8f\"> </span> <span class=\"_ _14d\"> </span>(3,518) <span class=\"_ _8f\"> </span> <span class=\"_ _14d\"> </span>(2,426) <span class=\"_ _8f\"> </span> <span class=\"_ _2c\"> </span>(234) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>(3,766)<span class=\"_ _2b7\"> </span>Leases:<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _2b7\"> </span>Minimum lease payments<span class=\"_ _39\"> </span> <span class=\"_ _2c\"> </span>(103) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(68) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(59) <span class=\"_ _8f\"> </span> <span class=\"_ _31\"> </span>(55) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(47) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(48)<span class=\"_ _2b7\"> </span>Capital elements of leases<span class=\"_ _23e\"> </span> <span class=\"_ _2c\"> </span>(102) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(66) <span class=\"_ _8f\"> </span> <span class=\"_ _31\"> </span>(56) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(52) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(46) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(42)<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _1b7\"> </span>Proprietary energy trades are excluded from this maturity analysis as the Group does not take physical delivery of volumes traded under these contracts. The associated<span class=\"_ _2b7\"> </span>cash flows are expected to be equal to the contract fair value at the balance sheet date. See note <span class=\"_ _1\"></span>19 for further details.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>The difference between the total minimum lease payments and the total capital elements of leases is due to future finance charges.<span class=\"_ _2b7\"> </span>S4.<span class=\"_ _13e\"> </span>Other equity<span class=\"_ _2b7\"> </span>This section summarises the Group\u2019s other equity reserve movements.<span class=\"_ _2b7\"> </span>Cash flow<span class=\"_ _2b7\"> </span>hedging<span class=\"_ _2b7\"> </span>reserve<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Foreign<span class=\"_ _2b7\"> </span>currency<span class=\"_ _2b7\"> </span>translation<span class=\"_ _2b7\"> </span>reserve<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Actuarial<span class=\"_ _2b7\"> </span>gains and<span class=\"_ _2b7\"> </span>losses<span class=\"_ _2b7\"> </span>reserve<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Financial<span class=\"_ _2b7\"> </span>asset at<span class=\"_ _2b7\"> </span>FVOCI<span class=\"_ _2b7\"> </span>reserve<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Treasury<span class=\"_ _2b7\"> </span>and own<span class=\"_ _2b7\"> </span>shares<span class=\"_ _2b7\"> </span>reserve<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Share based<span class=\"_ _2b7\"> </span>payments<span class=\"_ _2b7\"> </span>reserve<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Merger,<span class=\"_ _2b7\"> </span>capital<span class=\"_ _2b7\"> </span>redemption<span class=\"_ _2b7\"> </span>and other<span class=\"_ _2b7\"> </span>reserves<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>1 January 2021<span class=\"_ _e\"> </span> <span class=\"_ _86\"> </span>16 <span class=\"_ _8a\"> </span> <span class=\"_ _61\"> </span>(198) <span class=\"_ _106\"> </span> <span class=\"_ _83\"> </span>(1,308) <span class=\"_ _6\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _81\"> </span>(31) <span class=\"_ _6\"> </span> <span class=\"_ _86\"> </span>79 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>527 <span class=\"_ _141\"> </span> <span class=\"_ _89\"> </span>(915)<span class=\"_ _2b7\"> </span>Actuarial gain<span class=\"_ _23f\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>218 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>218<span class=\"_ _2b7\"> </span>Employee share schemes:<span class=\"_ _2b7\"> </span>Exercise of awards<span class=\"_ _52\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _86\"> </span>13 <span class=\"_ _141\"> </span> <span class=\"_ _81\"> </span>(49) <span class=\"_ _6\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _81\"> </span>(36)<span class=\"_ _2b7\"> </span>Value of services provided<span class=\"_ _a3\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _86\"> </span>12 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _86\"> </span>12<span class=\"_ _2b7\"> </span>Impact of cash flow and net investment hedging<span class=\"_ _a0\"> </span> <span class=\"_ _2c\"> </span>(7) <span class=\"_ _106\"> </span> <span class=\"_ _47\"> </span>(49) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _81\"> </span>(56)<span class=\"_ _2b7\"> </span>Taxation on above items<span class=\"_ _240\"> </span> <span class=\"_ _b4\"> </span>1 <span class=\"_ _141\"> </span> <span class=\"_ _104\"> </span>9 <span class=\"_ _141\"> </span> <span class=\"_ _81\"> </span>(74) <span class=\"_ _6\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _81\"> </span>(64)<span class=\"_ _2b7\"> </span>Share of other comprehensive income<span class=\"_ _2b7\"> </span>of joint ventures and associates, net of taxation<span class=\"_ _22\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _7e\"> </span>152 <span class=\"_ _9e\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>152<span class=\"_ _2b7\"> </span>Exchange differences on translation of foreign<span class=\"_ _2b7\"> </span>operations<span class=\"_ _241\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _81\"> </span>(46) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _81\"> </span>(46)<span class=\"_ _2b7\"> </span>Exchange differences reclassified to Group Income<span class=\"_ _2b7\"> </span>Statement on disposal<span class=\"_ _5a\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _81\"> </span>(20) <span class=\"_ _6\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _81\"> </span>(20)<span class=\"_ _2b7\"> </span>Revaluation of FVOCI securities<span class=\"_ _84\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _b4\"> </span>3 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _b4\"> </span>3<span class=\"_ _2b7\"> </span>31 December 2021<span class=\"_ _60\"> </span> <span class=\"_ _86\"> </span>10 <span class=\"_ _141\"> </span> <span class=\"_ _89\"> </span>(304) <span class=\"_ _6\"> </span> <span class=\"_ _83\"> </span>(1,012) <span class=\"_ _6\"> </span> <span class=\"_ _b4\"> </span>3 <span class=\"_ _9e\"> </span> <span class=\"_ _81\"> </span>(18) <span class=\"_ _106\"> </span> <span class=\"_ _86\"> </span>42 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>527 <span class=\"_ _141\"> </span> <span class=\"_ _61\"> </span>(752)<span class=\"_ _2b7\"> </span>Actuarial loss<span class=\"_ _1af\"> </span> <span class=\"_ _68\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _89\"> </span>(147) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _7b\"> </span>(147)<span class=\"_ _2b7\"> </span></span>Employee share schemes:<span class=\"_ _2b7\"> </span>Exercise of awards<span class=\"_ _52\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _86\"> </span>10 <span class=\"_ _141\"> </span> <span class=\"_ _81\"> </span>(22) <span class=\"_ _6\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _1f1\"> </span>(12)<span class=\"_ _2b7\"> </span></span>Value of services provided<span class=\"_ _a3\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _86\"> </span>10 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _86\"> </span>10<span class=\"_ _2b7\"> </span></span>Purchase of own shares<span class=\"_ _1be\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _26\"> </span>(5) <span class=\"_ _6\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _26\"> </span>(5)<span class=\"_ _2b7\"> </span></span>Issue of shares<span class=\"_ _c3\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _26\"> </span>(7) <span class=\"_ _6\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _26\"> </span>(7)<span class=\"_ _2b7\"> </span></span>Share buyback programme:<span class=\"_ _2b7\"> </span>Purchase of Treasury shares<span class=\"_ _5e\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _81\"> </span>(43) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _1f1\"> </span>(43)<span class=\"_ _2b7\"> </span></span>Accrual for committed share purchases<span class=\"_ _f6\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _89\"> </span>(207) <span class=\"_ _6\"> </span><span class=\"ff66\"> <span class=\"_ _7b\"> </span>(207)<span class=\"_ _2b7\"> </span></span>Impact of cash flow hedging<span class=\"_ _242\"> </span> <span class=\"_ _81\"> </span>(28) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _1f1\"> </span>(28)<span class=\"_ _2b7\"> </span></span>Taxation on above items<span class=\"_ _240\"> </span> <span class=\"_ _b4\"> </span>8 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _86\"> </span>23 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _86\"> </span>31<span class=\"_ _2b7\"> </span></span>Share of other comprehensive loss of joint ventures<span class=\"_ _2b7\"> </span>and associates, net of taxation<span class=\"_ _243\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _89\"> </span>(293) <span class=\"_ _6\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _7b\"> </span>(293)<span class=\"_ _2b7\"> </span></span>Exchange differences on translation of foreign<span class=\"_ _2b7\"> </span>operations<span class=\"_ _241\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _81\"> </span>(95) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _1f1\"> </span>(95)<span class=\"_ _2b7\"> </span></span>Exchange differences reclassified to Group Income<span class=\"_ _2b7\"> </span>Statement on disposal<span class=\"_ _5a\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>272 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _4e\"> </span>272<span class=\"_ _2b7\"> </span></span>31 December 2022<span class=\"_ _98\"> </span><span class=\"fcf\"> <span class=\"_ _1f1\"> </span>(10) <span class=\"_ _106\"> </span> <span class=\"_ _7b\"> </span>(127) <span class=\"_ _106\"> </span> <span class=\"_ _178\"> </span>(1,429) <span class=\"_ _106\"> </span> <span class=\"_ _b4\"> </span>3 <span class=\"_ _9e\"> </span> <span class=\"_ _4a\"> </span>(63) <span class=\"_ _106\"> </span> <span class=\"_ _86\"> </span>30 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>320 <span class=\"_ _141\"> </span> <span class=\"_ _178\"> </span>(1,276)<span class=\"_ _2b7\"> </span></span>Merger, capital redemption and other reserves<span class=\"_ _2b7\"> </span>During February 1997, BG plc (formerly British Gas plc) demerged certain businesses (grouped together under GB Gas Holdings Limited<span class=\"_ _2b7\"> </span>(GBGH)) to form Centrica plc. Upon demerger, the share capital of GBGH was transferred to Centrica plc and was recorded at the<span class=\"_ _2b7\"> </span>nominal value of shares issued to BG plc shareholders. In accordance with the Companies Act 1985, no premium was recorded on the<span class=\"_ _2b7\"> </span>shares issued. On consolidation, the difference between the nominal value of the Company\u2019s shares issued and the amount of share<span class=\"_ _2b7\"> </span>capital and share premium of GBGH at the date of demerger was credited to a merger reserve.<span class=\"_ _2b7\"> </span>On 8 December 2017, the Group\u2019s existing exploration and production business was combined with that of Bayerngas Norge AS to form<span class=\"_ _2b7\"> </span>the Spirit Energy business. The Group acquired 69% of the Spirit Energy business and Bayerngas Norge\u2019s former shareholders acquired<span class=\"_ _2b7\"> </span>31%. The non-controlling interest established on acquisition has been based on its share of the carrying value of the combined business,<span class=\"_ _2b7\"> </span>with the other reserve representing the difference between the fair value and this carrying value.<span class=\"_ _2b7\"> </span>In accordance with the Companies Act, the Company has transferred to the capital redemption reserve an amount equal to the nominal<span class=\"_ _2b7\"> </span>value of shares repurchased and subsequently cancelled. Up to <span class=\"_ _1\"></span>31 December 2022 the cumulative nominal value of shares repurchased<span class=\"_ _2b7\"> </span>and subsequently cancelled was \u00a328 million (2021: \u00a328 million).<span class=\"_ _2b7\"> </span>During the year, the Group recognised a financial liability of \u00a3207 million relating to the Share buyback programme. See treasury and o<span class=\"_ _1\"></span>wn<span class=\"_ _2b7\"> </span>shares reserve section for more details.<span class=\"_ _2b7\"> </span>S4.<span class=\"_ _13e\"> </span>Other equity<span class=\"_ _2b7\"> </span>Treasury and own shares reserve<span class=\"_ _2b7\"> </span>The own shares reserve reflects the cost of shares in the Group held in the Centrica employee share ownership trusts to meet the future<span class=\"_ _2b7\"> </span>requirements of the Group\u2019s share-based payment plans.<span class=\"_ _2b7\"> </span>Treasury shares are acquired equity instruments of the Company.<span class=\"_ _2b7\"> </span>Centrica\u2019s current return of capital programme, initially approved by the Board on 9 November 2022, seeks to return up to \u00a3250 million to<span class=\"_ _2b7\"> </span>shareholders and is expected to be completed by 31 May 2023.<span class=\"_ _2b7\"> </span>During the year ended 31 December 2022, the Group purchased 46 million ordinary shares, representing approximately 0.8% of the<span class=\"_ _2b7\"> </span>issued ordinary share capital at an average price of 93.7 pence per share, and an aggregate cost of \u00a343 million under the share buyback<span class=\"_ _2b7\"> </span>programme.<span class=\"_ _2b7\"> </span>A financial liability of \u00a3207 million was recognised at 31 December 2022, representing the difference between purchases to date, and<span class=\"_ _1\"></span> the<span class=\"_ _2b7\"> </span>maximum potential repurchase by 16 February 2023. This liability is included within the Merger, capital redemption and other reserv<span class=\"_ _1\"></span>es.<span class=\"_ _2b7\"> </span>The monthly breakdown of all shares purchased and the average price paid per share (excluding expenses) for the year ended<span class=\"_ _2b7\"> </span>31 December 2022 were as follows:<span class=\"_ _2b7\"> </span>Period<span class=\"_ _2b7\"> </span>Number<span class=\"_ _2b7\"> </span>of shares<span class=\"_ _2b7\"> </span>purchased under<span class=\"_ _2b7\"> </span>share buyback<span class=\"_ _2b7\"> </span>programme<span class=\"_ _2b7\"> </span>Average price paid<span class=\"_ _2b7\"> </span>Pence<span class=\"_ _2b7\"> </span>Total cost<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Authorised<span class=\"_ _2b7\"> </span>purchases<span class=\"_ _2b7\"> </span>unutilised at<span class=\"_ _2b7\"> </span>month end<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>November 2022<span class=\"_ _110\"> </span> <span class=\"_ _1ea\"> </span>16,906,393 <span class=\"_ _244\"> </span>93.3<span class=\"_ _1f9\"> </span>16<span class=\"_ _13d\"> </span>234<span class=\"_ _2b7\"> </span>December 2022<span class=\"_ _11e\"> </span> <span class=\"_ _1ea\"> </span>28,808,490 <span class=\"_ _a3\"> </span>93.9<span class=\"_ _1f9\"> </span>27<span class=\"_ _13d\"> </span>207<span class=\"_ _2b7\"> </span>Total<span class=\"_ _17d\"> </span><span class=\"fcf\"> <span class=\"_ _1ea\"> </span>45,714,883 <span class=\"_ _a3\"> </span>93.7<span class=\"_ _1f9\"> </span>43<span class=\"_ _245\"> </span>207<span class=\"_ _2b7\"> </span></span>S5.<span class=\"_ _13e\"> </span>Hedge accounting<span class=\"_ _2b7\"> </span>The Group primarily applies hedge accounting to address interest rate and foreign currency risk on borrowings.<span class=\"_ _2b7\"> </span>For the purposes of hedge accounting, hedges are classified either as fair value hedges, cash flow hedges or hedges of<span class=\"_ _2b7\"> </span>net investments in foreign operations.<span class=\"_ _2b7\"> </span>The fair values of derivatives and primary financial instruments in hedge accounting relationships at <span class=\"_ _1\"></span>31 December were as follows:<span class=\"_ _2b7\"> </span>2022<span class=\"_ _6a\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>31 December <span class=\"_ _246\"> </span>Hedge<span class=\"_ _2b7\"> </span>Assets<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Liabilities<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Change in<span class=\"_ _2b7\"> </span>fair value<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Assets<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Liabilities<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Change in<span class=\"_ _2b7\"> </span>fair value<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Interest rate risk<span class=\"_ _21\"> </span>Fair value <span class=\"_ _9a\"> </span>37 <span class=\"_ _141\"> </span> <span class=\"_ _30\"> </span>(221) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(228) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _2a\"> </span>67 <span class=\"_ _8a\"> </span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _8e\"> </span> <span class=\"_ _31\"> </span>(95)<span class=\"_ _2b7\"> </span></span>Foreign exchange risk<span class=\"_ _b7\"> </span>Cash flow hedge <span class=\"_ _9a\"> </span>37 <span class=\"_ _141\"> </span> <span class=\"_ _bc\"> </span>(6) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(10) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _2a\"> </span>33 <span class=\"_ _8a\"> </span> <span class=\"_ _23\"> </span>(7) <span class=\"_ _8f\"> </span> <span class=\"_ _31\"> </span>(44)<span class=\"_ _2b7\"> </span></span>Foreign exchange risk<span class=\"_ _b7\"> </span>Net investment hedge <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _2e\"> </span>2<span class=\"_ _2b7\"> </span></span>2022<span class=\"_ _a7\"> </span><span class=\"ff6b\">Hedge<span class=\"_ _2b7\"> </span></span>Timing of<span class=\"_ _2b7\"> </span>nominal<span class=\"_ _2b7\"> </span>amount<span class=\"_ _77\"> </span>Average rate<span class=\"_ _1db\"> </span>Nominal value<span class=\"_ _1e0\"> </span>Hedged item<span class=\"_ _2b7\"> </span>Change in<span class=\"_ _2b7\"> </span>fair value<span class=\"_ _2b7\"> </span>of hedged item<span class=\"_ _2b7\"> </span>in year<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Cumulative<span class=\"_ _2b7\"> </span>amount of<span class=\"_ _2b7\"> </span>fair value<span class=\"_ _2b7\"> </span>hedge<span class=\"_ _2b7\"> </span>adjustments<span class=\"_ _2b7\"> </span>on hedged<span class=\"_ _2b7\"> </span>item<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Accumulated<span class=\"_ _2b7\"> </span>gains/(losses)<span class=\"_ _2b7\"> </span>in equity<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Interest rate risk<span class=\"_ _1a1\"> </span>Fair value<span class=\"_ _4f\"> </span><span class=\"ff66\">2022-2033<span class=\"_ _140\"> </span>Fixed to<span class=\"_ _2b7\"> </span></span>floating<span class=\"_ _2b7\"> </span>at LIBOR/US<span class=\"_ _2b7\"> </span>IBOR + 1%-5%<span class=\"_ _2b7\"> </span>\u00a350 million-<span class=\"_ _2b7\"> </span>\u00a3550<span class=\"_ _2b7\"> </span>million,<span class=\"_ _2b7\"> </span>$250 million<span class=\"_ _2b7\"> </span>Bonds (ii) <span class=\"_ _2a\"> </span>228 <span class=\"_ _141\"> </span> <span class=\"_ _b4\"> </span>158 <span class=\"_ _55\"> </span>N/A<span class=\"_ _2b7\"> </span>Foreign exchange risk<span class=\"_ _89\"> </span>Cash flow hedge<span class=\"_ _2a\"> </span><span class=\"ff66\">2032<span class=\"_ _e2\"> </span>GBP to Euro<span class=\"_ _2b7\"> </span></span>at 1.171<span class=\"_ _2b7\"> </span>\u20ac50 million<span class=\"_ _ab\"> </span>Euro bonds<span class=\"_ _8d\"> </span> <span class=\"_ _2d\"> </span>7 <span class=\"_ _b3\"> </span>N/A<span class=\"_ _8a\"> </span> <span class=\"_ _2a\"> </span>26<span class=\"_ _2b7\"> </span>Cash flow hedge<span class=\"_ _7\"> </span><span class=\"ff66\">2036-2038<span class=\"_ _13\"> </span>GBP to Yen<span class=\"_ _2b7\"> </span></span>at 157.33<span class=\"_ _2b7\"> </span>\u00a520 billion<span class=\"_ _17a\"> </span>Yen bank<span class=\"_ _2b7\"> </span>loans <span class=\"_ _2d\"> </span>3 <span class=\"_ _b3\"> </span>N/A<span class=\"_ _8a\"> </span> <span class=\"_ _22\"> </span>(23)<span class=\"_ _2b7\"> </span>S5.<span class=\"_ _13e\"> </span>Hedge accounting<span class=\"_ _2b7\"> </span>2021<span class=\"_ _a7\"> </span>Hedge<span class=\"_ _2b7\"> </span>Timing of<span class=\"_ _2b7\"> </span>nominal<span class=\"_ _2b7\"> </span>amount<span class=\"_ _26\"> </span>Average rate<span class=\"_ _1df\"> </span>Nominal value<span class=\"_ _1eb\"> </span>Hedged item<span class=\"_ _2b7\"> </span>Change in<span class=\"_ _2b7\"> </span>fair value<span class=\"_ _2b7\"> </span>of hedged item<span class=\"_ _2b7\"> </span>in year<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Cumulative<span class=\"_ _2b7\"> </span>amount of fair<span class=\"_ _2b7\"> </span>value hedge<span class=\"_ _2b7\"> </span>adjustments on<span class=\"_ _2b7\"> </span>hedged item<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Accumulated<span class=\"_ _2b7\"> </span>gains/(losses) in<span class=\"_ _2b7\"> </span>equity<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Interest rate risk<span class=\"_ _1a1\"> </span>Fair value<span class=\"_ _4f\"> </span>2022-2032<span class=\"_ _c5\"> </span>Fixed to floating<span class=\"_ _2b7\"> </span>at LIBOR/US<span class=\"_ _2b7\"> </span>IBOR + 1%-5%<span class=\"_ _2b7\"> </span>\u00a350 million-<span class=\"_ _2b7\"> </span>\u00a3550 million,<span class=\"_ _2b7\"> </span>$250 million<span class=\"_ _2b7\"> </span>Bonds (ii) <span class=\"_ _21\"> </span>95 <span class=\"_ _141\"> </span> <span class=\"_ _31\"> </span>(70) <span class=\"_ _51\"> </span>N/A<span class=\"_ _2b7\"> </span>Foreign exchange risk<span class=\"_ _89\"> </span>Cash flow hedge<span class=\"_ _7\"> </span>2021-2032<span class=\"_ _61\"> </span>GBP to Euro<span class=\"_ _2b7\"> </span>at 1.356<span class=\"_ _2b7\"> </span>\u20ac50 million,<span class=\"_ _2b7\"> </span>\u20ac750 million<span class=\"_ _2b7\"> </span>Euro bonds<span class=\"_ _147\"> </span> <span class=\"_ _4f\"> </span>24 <span class=\"_ _b3\"> </span>N/A<span class=\"_ _141\"> </span> <span class=\"_ _2a\"> </span>32<span class=\"_ _2b7\"> </span>Cash flow hedge<span class=\"_ _7\"> </span>2036-2038<span class=\"_ _e4\"> </span>GBP to Yen<span class=\"_ _2b7\"> </span>at 145.43<span class=\"_ _2b7\"> </span>\u00a520 billion<span class=\"_ _10f\"> </span>Yen bank<span class=\"_ _2b7\"> </span>loans <span class=\"_ _21\"> </span>14 <span class=\"_ _f5\"> </span>N/A<span class=\"_ _141\"> </span> <span class=\"_ _31\"> </span>(21)<span class=\"_ _2b7\"> </span>Foreign exchange risk<span class=\"_ _89\"> </span>Net investment<span class=\"_ _2b7\"> </span>hedge/Cash flow<span class=\"_ _2b7\"> </span>hedge<span class=\"_ _2b7\"> </span>2021<span class=\"_ _61\"> </span>GBP to USD<span class=\"_ _2b7\"> </span>at 1.34<span class=\"_ _2b7\"> </span>$2.3 billion<span class=\"_ _4e\"> </span>Carrying<span class=\"_ _2b7\"> </span>value of net<span class=\"_ _2b7\"> </span>assets of<span class=\"_ _2b7\"> </span>subsidiary/<span class=\"_ _2b7\"> </span>disposal<span class=\"_ _2b7\"> </span>proceeds <span class=\"_ _72\"> </span>4 <span class=\"_ _f5\"> </span>N/A<span class=\"_ _8a\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _1b7\"> </span>In the years presented all amounts related to continuing cash flow hedge relationships.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>The carrying amount of bonds designated as hedged items in hedging relationships is disclosed in note <span class=\"_ _1\"></span>24.<span class=\"_ _2b7\"> </span>The Group\u2019s accounting policies in relation to derivatives qualifying for hedge accounting under IAS 39 are described below.<span class=\"_ _2b7\"> </span>Fair value hedges<span class=\"ff6f fcf\"> </span>A derivative is designated as a hedging instrument and its relationship to a recognised asset or liability is classified as a fair value hedge<span class=\"_ _2b7\"> </span>when it hedges the exposure to changes in the fair value of that recognised asset or liability. The Group\u2019s fair value hedges consist of<span class=\"_ _2b7\"> </span>interest rate swaps used to protect against changes in the fair value of fixed-rate, long-term debt due to movements in market interest<span class=\"_ _2b7\"> </span>rates. Any gain or loss from re-measuring the hedging instrument to fair value is recognised immediately in the Group Income Statement<span class=\"_ _2b7\"> </span>in net finance cost. Any gain or loss on the hedged item attributable to the hedged risk is adjusted against the carrying amount of the<span class=\"_ _2b7\"> </span>hedged item and recognised in the Group Income Statement within net finance cost. The Group discontinues fair value hedge accounting<span class=\"_ _2b7\"> </span>if the hedging instrument expires or is sold, terminated or exercised, the hedge no longer qualifies for hedge accounting or the Group<span class=\"_ _2b7\"> </span>revokes the designation. Any adjustment to the carrying amount of a hedged financial instrument for which the effective interest method is<span class=\"_ _2b7\"> </span>used is amortised to the Group Income Statement. Amortisation may begin as soon as an adjustment exists and begins no later than<span class=\"_ _2b7\"> </span>when the hedged item ceases to be adjusted for changes in its fair value attributable to the risk being hedged.<span class=\"_ _2b7\"> </span>Impact of interest rate benchmark reform<span class=\"_ _2b7\"> </span>Phase 2 of the Interest Rate Benchmark Reform became effective on 1 January 2021. Under Phase 2, to the extent that modifications<span class=\"_ _2b7\"> </span>were made to financial instruments that were necessary to implement Interest Rate Benchmark Reform, reliefs from the discontinuation<span class=\"_ _2b7\"> </span>of hedge accounting or immediate recognition of any gains or losses in the income statement on the modification of financial instruments<span class=\"_ _2b7\"> </span>measured at amortised cost were available on transition to alternative rates, as the modification was a direct consequence of the reform<span class=\"_ _2b7\"> </span>and the new basis for calculating cash flows is economically equivalent to the previous basis.<span class=\"_ _2b7\"> </span>The Group applied the International Swaps and Derivatives Associates (ISDA) fallback protocol to the derivative financial instruments held<span class=\"_ _2b7\"> </span>by the Group affected by the IBOR Reform where the interest rate benchmark was linked to GBP Libor. These instruments primarily<span class=\"_ _2b7\"> </span>comprise interest rate swap agreements designated in fair value hedge relationships. The ISDA fallback rates are derived from the Sterling<span class=\"_ _2b7\"> </span>Overnight Interbank Average (SONIA) rate and are calculated and published by Bloomberg.<span class=\"_ _2b7\"> </span>The Group amended its hedge designation to reflect changes which are required by IBOR reform to designate movements in Bloomberg<span class=\"_ _2b7\"> </span>Fallback Libor as the hedged risk and to amend the description of both the hedged item and the hedging instrument to reference the<span class=\"_ _2b7\"> </span>alternative rate.<span class=\"_ _2b7\"> </span>The Group also has interest rate swap agreements designated in fair value hedge relationships which are linked to USD Libor which is<span class=\"_ _2b7\"> </span>expected to remain in place until 2023, when it is expected to be replaced by the Secured Overnight Financing Rate (SOFR).<span class=\"_ _2b7\"> </span>Cash flow hedges<span class=\"ff6f fcf\"> </span>A derivative is classified as a cash flow hedge when it hedges exposure to variability in cash flows that is attributable to a particular risk<span class=\"_ _2b7\"> </span>associated with a recognised asset, liability or a highly probable forecast transaction. The Group\u2019s cash flow hedges consist primarily of:<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">forward foreign exchange contracts used to protect against the variability of functional currency denominated cash flows associated<span class=\"_ _2b7\"> </span></span>with non-functional currency denominated highly probable forecast transactions; and<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">cross-currency interest rate swaps and forward foreign exchange contracts used to protect against the variability in cash flows<span class=\"_ _2b7\"> </span></span>associated with borrowings denominated in non-functional currencies.<span class=\"_ _2b7\"> </span>S5.<span class=\"_ _13e\"> </span>Hedge accounting<span class=\"_ _2b7\"> </span>The portion of the gain or loss on the hedging instrument which is effective is recognised directly in equity while any ineffectiveness is<span class=\"_ _2b7\"> </span>recognised in the Group Income Statement. The gains or losses that are initially recognised in the cash flow hedging reserve through other<span class=\"_ _2b7\"> </span>comprehensive income are transferred to the Group Income Statement in the period in which the hedged item affects profit or loss. Where<span class=\"_ _2b7\"> </span>the hedged item is the cost of a non-financial asset or liability, the amounts taken to equity are transferred to the initial carrying amount of<span class=\"_ _2b7\"> </span>the non-financial asset or liability on its recognition. Hedge accounting is discontinued when the hedging instrument expires or is sold,<span class=\"_ _2b7\"> </span>terminated or exercised without replacement or rollover, no longer qualifies for hedge accounting or the Group revokes the designation.<span class=\"_ _2b7\"> </span>At that point in time, any cumulative gain or loss on the hedging instrument recognised in equity remains in equity until the hedged<span class=\"_ _2b7\"> </span>transaction occurs. If the transaction is no longer expected to occur, the cumulative gain or loss recognised in equity is recognised in the<span class=\"_ _2b7\"> </span>Group Income Statement. Note S4 details movements in the cash flow hedging reserve. The ineffective portion of gains and losses on<span class=\"_ _2b7\"> </span>cash flow hedging is immaterial.<span class=\"_ _2b7\"> </span>Net investment hedges<span class=\"_ _2b7\"> </span>Hedges of net investments in foreign operations hedge the exposure of the sterling value of the assets of foreign currency subsidiaries in<span class=\"_ _2b7\"> </span>the consolidated Financial Statements to changes in exchange rates. Such hedges are accounted for similarly to cash flow hedges. Any<span class=\"_ _2b7\"> </span>gain or loss on the effective portion of the hedge is recognised in equity, any gain or loss on the ineffective portion of the hedge is<span class=\"_ _2b7\"> </span>recognised in the Group Income Statement. On disposal of the foreign operation, the cumulative gains or losses recognised directly in<span class=\"_ _2b7\"> </span>equity are transferred to the Group Income Statement. The Group initially ceased any net investment hedging activity in 2009. The Group<span class=\"_ _2b7\"> </span>recommenced this strategy in respect of the US dollar subsidiaries in its Direct Energy business in<span class=\"_ _1\"></span> 2020 until its disposal in 2021.<span class=\"_ _2b7\"> </span>S6.Fair value of financial instruments<span class=\"_ _2b7\"> </span>The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability<span class=\"_ _2b7\"> </span>in an orderly transaction between market participants at the measurement date. The Group has documented interna<span class=\"_ _1\"></span>l<span class=\"_ _2b7\"> </span>policies for determining fair value, including methodologies used to establish valuation adjustments required for<span class=\"_ _2b7\"> </span>credit risk.<span class=\"_ _2b7\"> </span>(a) <span class=\"_ _1e3\"> </span>Fair value hierarchy<span class=\"_ _2b7\"> </span>Financial assets and financial liabilities measured and held at fair value are classified into one of three categories, known as hierarchy<span class=\"_ _2b7\"> </span>levels, which are defined according to the inputs used to measure fair value as follows:<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Level 1: fair value is determined using observable inputs that reflect unadjusted quoted market prices for identical assets and liabilities;<span class=\"_ _2b7\"> </span></span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Level 2: fair value is determined using significant inputs that may be directly observable inputs or unobservable inputs that are<span class=\"_ _2b7\"> </span></span>corroborated by market data; and<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Level 3: fair value is determined using significant unobservable inputs that are not corroborated by market data and may be used with<span class=\"_ _2b7\"> </span></span>internally developed methodologies that result in management\u2019s best estimate of fair value.<span class=\"_ _2b7\"> </span>2022<span class=\"_ _6c\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>31 December<span class=\"_ _2b7\"> </span>Level 1<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Level 2<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Level 3<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Level 1<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Level 2<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Level 3<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Financial assets<span class=\"_ _2b7\"> </span>Derivative financial instruments:<span class=\"_ _2b7\"> </span>Energy derivatives <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _ad\"> </span>6,486 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>592 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _1eb\"> </span>7,078 <span class=\"_ _11c\"> </span></span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1eb\"> </span>6,906 <span class=\"_ _8a\"> </span> <span class=\"_ _14d\"> </span>480 <span class=\"_ _8e\"> </span> <span class=\"_ _1eb\"> </span>7,386<span class=\"_ _2b7\"> </span>Interest rate derivatives <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _86\"> </span>37 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _86\"> </span>37 <span class=\"_ _11c\"> </span></span> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _86\"> </span>71 <span class=\"_ _141\"> </span> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _86\"> </span>71<span class=\"_ _2b7\"> </span>Foreign exchange derivatives <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>312 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _4e\"> </span>312 <span class=\"_ _11c\"> </span></span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _86\"> </span>93 <span class=\"_ _141\"> </span> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _86\"> </span>93<span class=\"_ _2b7\"> </span>Debt instruments <span class=\"_ _86\"> </span>66 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _b4\"> </span>1 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _86\"> </span>67 <span class=\"_ _11c\"> </span></span> <span class=\"_ _68\"> </span>82 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>1 <span class=\"_ _8a\"> </span> <span class=\"_ _86\"> </span>83<span class=\"_ _2b7\"> </span>Equity instruments <span class=\"_ _86\"> </span>29 <span class=\"_ _141\"> </span> <span class=\"_ _b4\"> </span>9 <span class=\"_ _141\"> </span> <span class=\"_ _86\"> </span>17 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _86\"> </span>55 <span class=\"_ _11c\"> </span></span> <span class=\"_ _68\"> </span>29 <span class=\"_ _8a\"> </span> <span class=\"_ _104\"> </span>3 <span class=\"_ _8a\"> </span> <span class=\"_ _68\"> </span>20 <span class=\"_ _8a\"> </span> <span class=\"_ _86\"> </span>52<span class=\"_ _2b7\"> </span>Cash and cash equivalents <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _ad\"> </span>2,978 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _1eb\"> </span>2,978 <span class=\"_ _11c\"> </span></span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1eb\"> </span>3,670 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1eb\"> </span>3,670<span class=\"_ _2b7\"> </span>Total financial assets at fair value <span class=\"_ _86\"> </span>95 <span class=\"_ _141\"> </span> <span class=\"_ _ad\"> </span>9,822 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>610 <span class=\"_ _141\"> </span> <span class=\"_ _12\"> </span>10,527 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _14d\"> </span>111 <span class=\"_ _8a\"> </span> <span class=\"_ _12\"> </span>10,743 <span class=\"_ _8a\"> </span> <span class=\"_ _14d\"> </span>501 <span class=\"_ _8a\"> </span> <span class=\"_ _12\"> </span>11,355<span class=\"_ _2b7\"> </span></span>Financial liabilities<span class=\"_ _2b7\"> </span>Derivative financial instruments:<span class=\"_ _2b7\"> </span>Energy derivatives <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _83\"> </span>(8,806) <span class=\"_ _106\"> </span> <span class=\"_ _61\"> </span>(850) <span class=\"_ _106\"> </span><span class=\"ff66\"> <span class=\"_ _178\"> </span>(9,656) <span class=\"_ _13e\"> </span></span> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1e0\"> </span>(5,662) <span class=\"_ _106\"> </span> <span class=\"_ _61\"> </span>(290) <span class=\"_ _8f\"> </span> <span class=\"_ _1e0\"> </span>(5,952)<span class=\"_ _2b7\"> </span>Interest rate derivatives <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _89\"> </span>(221) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _7b\"> </span>(221) <span class=\"_ _13e\"> </span></span> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>\u2014<span class=\"_ _2b7\"> </span>Foreign exchange derivatives <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _89\"> </span>(274) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _7b\"> </span>(274) <span class=\"_ _13e\"> </span></span> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _47\"> </span>(57) <span class=\"_ _106\"> </span> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _47\"> </span>(57)<span class=\"_ _2b7\"> </span>Total financial liabilities at fair value <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _178\"> </span>(9,301) <span class=\"_ _106\"> </span> <span class=\"_ _7b\"> </span>(850) <span class=\"_ _106\"> </span> <span class=\"_ _ab\"> </span>(10,151) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1e0\"> </span>(5,719) <span class=\"_ _106\"> </span> <span class=\"_ _61\"> </span>(290) <span class=\"_ _106\"> </span> <span class=\"_ _1e0\"> </span>(6,009)<span class=\"_ _2b7\"> </span></span>S6.Fair value of financial instruments<span class=\"_ _2b7\"> </span>The reconciliation of the Level 3 fair value measurements during the year is as follows:<span class=\"_ _2b7\"> </span>2022<span class=\"_ _d8\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>Financial assets<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Financial<span class=\"_ _2b7\"> </span>liabilities<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Financial<span class=\"_ _2b7\"> </span>assets<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Financial<span class=\"_ _2b7\"> </span>liabilities<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Level 3 financial instruments<span class=\"_ _2b7\"> </span>1 January <span class=\"_ _247\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>501 <span class=\"_ _141\"> </span> <span class=\"_ _30\"> </span>(290) <span class=\"_ _147\"> </span></span> <span class=\"_ _104\"> </span>120 <span class=\"_ _8a\"> </span> <span class=\"_ _2c\"> </span>(129)<span class=\"_ _2b7\"> </span>Disposal of Direct Energy<span class=\"_ _248\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _1e3\"> </span></span> <span class=\"_ _31\"> </span>(53) <span class=\"_ _106\"> </span> <span class=\"_ _2a\"> </span>20<span class=\"_ _2b7\"> </span>Total realised and unrealised gains/(losses):<span class=\"_ _2b7\"> </span>Recognised in Group Income Statement<span class=\"_ _12a\"> </span><span class=\"ff66\"> <span class=\"_ _b8\"> </span>10 <span class=\"_ _141\"> </span> <span class=\"_ _30\"> </span>(784) <span class=\"_ _147\"> </span></span> <span class=\"_ _104\"> </span>453 <span class=\"_ _8a\"> </span> <span class=\"_ _10c\"> </span>(181)<span class=\"_ _2b7\"> </span>Purchases, sales, issuances and settlements (net)<span class=\"_ _10e\"> </span><span class=\"ff66\"> <span class=\"_ _bc\"> </span>(4) <span class=\"_ _8f\"> </span> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _1e3\"> </span></span> <span class=\"_ _21\"> </span>2 <span class=\"_ _8a\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span>Transfer to assets held for sale<span class=\"_ _249\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>\u2014</span> <span class=\"_ _31\"> </span>(21) <span class=\"_ _8f\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span>Transfers from Level 2 to Level 3<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _b4\"> </span>101 <span class=\"_ _141\"> </span> <span class=\"_ _b4\"> </span>224 <span class=\"_ _1e3\"> </span><span class=\"ff6b\"> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span></span>Foreign exchange movements<span class=\"_ _c9\"> </span><span class=\"ff66\"> <span class=\"_ _2e\"> </span>2 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _1e3\"> </span></span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _55\"> </span>\u2014<span class=\"_ _2b7\"> </span>31 December <span class=\"_ _24a\"> </span><span class=\"fcf\"> <span class=\"_ _b4\"> </span>610 <span class=\"_ _141\"> </span> <span class=\"_ _30\"> </span>(850) <span class=\"_ _147\"> </span><span class=\"ff6b\"> <span class=\"_ _104\"> </span>501 <span class=\"_ _8a\"> </span> <span class=\"_ _2c\"> </span>(290)<span class=\"_ _2b7\"> </span></span></span>Total gains/(losses) for the year for Level 3 financial instruments<span class=\"_ _2b7\"> </span>held at the end of the reporting year<span class=\"_ _230\"> </span><span class=\"fcf\"> <span class=\"_ _b8\"> </span>10 <span class=\"_ _141\"> </span> <span class=\"_ _26\"> </span>(784) <span class=\"_ _147\"> </span><span class=\"ff6b\"> <span class=\"_ _104\"> </span>453 <span class=\"_ _8a\"> </span> <span class=\"_ _2c\"> </span>(181)<span class=\"_ _2b7\"> </span></span></span>(i)<span class=\"_ _1b7\"> </span>Transfers between levels are deemed to occur at the beginning of the reporting year.<span class=\"_ _2b7\"> </span>(b)<span class=\"_ _113\"> </span>Valuation techniques used to derive Level 2 and Level 3 fair values and Group valuation process<span class=\"_ _2b7\"> </span>Level 2 interest rate derivatives and foreign exchange derivatives comprise interest rate swaps and forward foreign exchange contracts.<span class=\"_ _2b7\"> </span>Interest rate swaps are fair valued using forward interest rates extracted from observable yield curves. Forward foreign exchange contracts<span class=\"_ _2b7\"> </span>are fair valued using forward exchange rates that are quoted in an active market, with the resulting market value discounted back to<span class=\"_ _2b7\"> </span>present value using observable yield curves.<span class=\"_ _2b7\"> </span>Level 2 energy derivatives are fair valued by comparing and discounting the difference between the expected contractual cash flows for<span class=\"_ _2b7\"> </span>the relevant commodities and the quoted prices for those commodities in an active market. The average discount rate applied to value this<span class=\"_ _2b7\"> </span>type of contract during the year was 5% per annum (31 December 2021<span class=\"_ _1\"></span> average discount rate of 1% per annum).<span class=\"_ _2b7\"> </span>For Level 3 energy derivatives, the main input used by the Group pertains to deriving expected future commodity prices in markets that<span class=\"_ _2b7\"> </span>are not active as far into the future as some of our contractual terms. This applies to certain contracts within Europe and North America.<span class=\"_ _2b7\"> </span>Fair values are then calculated by comparing and discounting the difference between the expected contractual cash flows and these<span class=\"_ _2b7\"> </span>derived future prices using an average discount rate of 5% (Europe) and 5% (North America) per annum (<span class=\"_ _1\"></span>31 December 2021 average<span class=\"_ _2b7\"> </span>discount rate of 1% (Europe) and 3% (North America) per annum).<span class=\"_ _2b7\"> </span>Active period of markets<span class=\"_ _174\"> </span><span class=\"ff66 fc12\">Gas<span class=\"_ _187\"> </span>Power<span class=\"_ _5b\"> </span>Coal<span class=\"_ _4e\"> </span>Emissions<span class=\"_ _72\"> </span>Oil<span class=\"_ _2b7\"> </span></span>UK (years)<span class=\"_ _2b7\"> </span>4<span class=\"_ _1bc\"> </span>4<span class=\"_ _1bc\"> </span>3<span class=\"_ _1bc\"> </span>3<span class=\"_ _1bc\"> </span>3<span class=\"_ _2b7\"> </span>Because the Level 3 energy derivative valuations involve the prediction of future commodity market prices, sometimes a long way into the<span class=\"_ _2b7\"> </span>future, reasonably possible alternative assumptions for gas, power, coal, emissions or oil prices may result in a higher or lower fair value for<span class=\"_ _2b7\"> </span>Level 3 financial instruments. The impact of reasonably possible changes in commodity prices on profit and loss are included in note S3.<span class=\"_ _2b7\"> </span>Other than commodity prices there are no other unobservable inputs which would have a material impact.<span class=\"_ _2b7\"> </span>It should be noted that the fair values disclosed in the tables above only concern those contracts entered into that are within the scope of<span class=\"_ _2b7\"> </span>IFRS 9. The Group has numerous other commodity contracts that are outside of the scope of IFRS 9 and are not fair valued. The Group\u2019s<span class=\"_ _2b7\"> </span>actual exposure to market rates is constantly changing as the Group\u2019s portfolio of energy contracts changes.<span class=\"_ _2b7\"> </span>The Group\u2019s valuation process includes specific teams of individuals that perform valuations of the Group\u2019s derivatives for financial<span class=\"_ _2b7\"> </span>reporting purposes, including Level 3 valuations. The Group has an independent team that derives future commodity price curves based<span class=\"_ _2b7\"> </span>on available external data and these prices feed into the energy derivative valuations, subject to adjustments to ensure they are compliant<span class=\"_ _2b7\"> </span>with IFRS 13 \u2018Fair Value Measurement\u2019. The price curves are subject to review and approval by the Group\u2019s Executive Committee and<span class=\"_ _2b7\"> </span>valuations of all derivatives, together with other contracts that are not within the scope of IFRS 9, are also reviewed regularly as part of the<span class=\"_ _2b7\"> </span>overall risk management process. The Group adjusts the market value of derivative instruments to account for counterparty credit risk and<span class=\"_ _2b7\"> </span>corresponding possibility of a counterparty default preventing full realisation of the risk-free market value of the derivative. The Group<span class=\"_ _2b7\"> </span>estimates Credit Valuation Adjustments by computing an expected evolution of the market value of a counterpart\u2019s derivatives portfolio<span class=\"_ _2b7\"> </span>over the life of the contracts weighted by the probability of a default and an assumption of the market value recoverable in the event of<span class=\"_ _2b7\"> </span>a default. The default probability is calibrated to the price of Credit Default Swaps \u2013 a debt instrument reflecting the insurance premium<span class=\"_ _2b7\"> </span>payable to protect against a debtor\u2019s default. Debit valuation adjustments are the amount added back to the derivative value to account<span class=\"_ _2b7\"> </span>for the expected gain from the Group\u2019s own default and are calculated using a similar methodology with reference to the Group\u2019s own<span class=\"_ _2b7\"> </span>probability of default.<span class=\"_ _2b7\"> </span>S6.Fair value of financial instruments<span class=\"_ _2b7\"> </span>Where the fair value at initial recognition for contracts which have significant unobservable inputs and the fair value differs from the<span class=\"_ _2b7\"> </span>transaction price, a day one gain or loss will arise. These deferred gains are presented net against respective derivative assets and<span class=\"_ _2b7\"> </span>derivative liabilities. Such gains and losses are deferred and amortised to the Group Income Statement based on volumes purchased or<span class=\"_ _2b7\"> </span>delivered over the contractual period until such time as observable market data becomes available (see note S2 for further detail). The<span class=\"_ _2b7\"> </span>amount that has yet to be recognised in the Group Income Statement relating to the differences between the transaction prices and the<span class=\"_ _2b7\"> </span>amounts that would have arisen had valuation techniques used for subsequent measurement been applied at initial recognition, less<span class=\"_ _2b7\"> </span>subsequent releases, is as follows:<span class=\"_ _2b7\"> </span>Day-one gains deferred<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>1 January <span class=\"_ _9a\"> </span>90 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _2a\"> </span>64<span class=\"_ _2b7\"> </span></span>Disposal of Direct Energy <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>(45)<span class=\"_ _2b7\"> </span></span>Net gains deferred on transactions in the year <span class=\"_ _b4\"> </span>401 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _2a\"> </span>70<span class=\"_ _2b7\"> </span></span>Net amounts recognised in Group Income Statement <span class=\"_ _30\"> </span>(195) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _2e\"> </span>2<span class=\"_ _2b7\"> </span></span>Exchange differences <span class=\"_ _4d\"> </span>8 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _23\"> </span>(1)<span class=\"_ _2b7\"> </span></span>31 December <span class=\"_ _b4\"> </span>304 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _2a\"> </span>90<span class=\"_ _2b7\"> </span></span>(c)<span class=\"_ _c7\"> </span>Fair value of financial assets and liabilities held at amortised cost<span class=\"_ _2b7\"> </span>The carrying value of the Group\u2019s financial assets and liabilities measured at amortised cost are approximately equal to their fair value<span class=\"_ _2b7\"> </span>except as listed below:<span class=\"_ _2b7\"> </span>2022<span class=\"_ _1b8\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>31 December <span class=\"_ _1a4\"> </span>Notes<span class=\"_ _2b7\"> </span>Carrying value<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Fair value<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Fair value<span class=\"_ _2b7\"> </span>hierarchy<span class=\"_ _2b7\"> </span>Carrying value<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Fair value<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Fair value<span class=\"_ _2b7\"> </span>hierarchy<span class=\"_ _2b7\"> </span>Bank loans<span class=\"_ _2b7\"> </span>24(d) <span class=\"_ _13f\"> </span>(143) <span class=\"_ _106\"> </span> <span class=\"_ _4c\"> </span>(143) <span class=\"_ _ee\"> </span>Level 2<span class=\"_ _107\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(137) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(173) <span class=\"_ _b9\"> </span>Level 2<span class=\"_ _2b7\"> </span></span>Bonds <span class=\"_ _15\"> </span>Level 1<span class=\"_ _2b7\"> </span>24(d) <span class=\"_ _ee\"> </span>(2,805) <span class=\"_ _106\"> </span> <span class=\"_ _13\"> </span>(2,840) <span class=\"_ _61\"> </span>Level 1<span class=\"_ _113\"> </span><span class=\"ff6b\"> <span class=\"_ _14d\"> </span>(3,218) <span class=\"_ _8f\"> </span> <span class=\"_ _14d\"> </span>(3,947) <span class=\"_ _14d\"> </span>Level 1<span class=\"_ _2b7\"> </span></span>Level 2<span class=\"_ _2b7\"> </span>24(d) <span class=\"_ _f4\"> </span>(69) <span class=\"_ _8f\"> </span> <span class=\"_ _f4\"> </span>(79) <span class=\"_ _ee\"> </span>Level 2<span class=\"_ _113\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(106) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(136) <span class=\"_ _14d\"> </span>Level 2<span class=\"_ _2b7\"> </span></span>Bank loans and borrowings<span class=\"_ _2b7\"> </span>The fair values of bonds classified as Level 1 within the fair value hierarchy are calculated using quoted market prices. The fair values of<span class=\"_ _2b7\"> </span>Level 2 bonds and bank loans have been determined by discounting cash flows with reference to relevant market rates of interest. The fair<span class=\"_ _2b7\"> </span>values of overdrafts and short-term loans are assumed to equal their book values due to the short-term nature of these amounts.<span class=\"_ _2b7\"> </span>Other financial instruments<span class=\"_ _2b7\"> </span>Due to their nature and/or short-term maturity, the fair values of trade and other receivables, cash and cash equivalents, trade and other<span class=\"_ _2b7\"> </span>payables and securities held at amortised cost are estimated to approximate their carrying values.<span class=\"_ _2b7\"> </span>S6.<span class=\"_ _2b7\"> </span>Fair value of financial instruments<span class=\"_ _2b7\"> </span>(d)<span class=\"_ _113\"> </span>Financial assets and liabilities subject to offsetting, master netting arrangements and similar<span class=\"_ _2b7\"> </span>arrangements<span class=\"_ _2b7\"> </span>Related amounts not offset in<span class=\"_ _2b7\"> </span>the Group Balance Sheet<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>31 December 2022<span class=\"_ _2b7\"> </span>Gross<span class=\"_ _2b7\"> </span>amounts<span class=\"_ _2b7\"> </span>of recognised<span class=\"_ _2b7\"> </span>financial<span class=\"_ _2b7\"> </span>instruments<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Gross amounts of<span class=\"_ _2b7\"> </span>recognised financial<span class=\"_ _2b7\"> </span>instruments offset<span class=\"_ _2b7\"> </span>in the Group<span class=\"_ _2b7\"> </span>Balance Sheet<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Net amounts<span class=\"_ _2b7\"> </span>presented<span class=\"_ _2b7\"> </span>in the Group<span class=\"_ _2b7\"> </span>Balance Sheet<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Financial<span class=\"_ _2b7\"> </span>instruments<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Collateral<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Net amount<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Derivative financial assets <span class=\"_ _7b\"> </span>28,019 <span class=\"_ _141\"> </span> <span class=\"_ _51\"> </span>(20,592) <span class=\"_ _106\"> </span> <span class=\"_ _17b\"> </span>7,427 <span class=\"_ _141\"> </span> <span class=\"_ _68\"> </span>(956) <span class=\"_ _8f\"> </span> <span class=\"_ _68\"> </span>(601) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>5,870<span class=\"_ _2b7\"> </span>Derivative financial liabilities <span class=\"_ _7a\"> </span>(30,743) <span class=\"_ _8f\"> </span> <span class=\"_ _5b\"> </span>20,592 <span class=\"_ _141\"> </span> <span class=\"_ _10f\"> </span>(10,151) <span class=\"_ _8f\"> </span> <span class=\"_ _10c\"> </span>956 <span class=\"_ _141\"> </span> <span class=\"_ _14d\"> </span>1,154 <span class=\"_ _141\"> </span> <span class=\"_ _61\"> </span>(8,041) <span class=\"_ _14d\"> </span>(2,724) <span class=\"_ _24b\"> </span> <span class=\"_ _89\"> </span>(2,171)<span class=\"_ _2b7\"> </span>Balances arising from commodity contracts:<span class=\"_ _2b7\"> </span>Accrued and unbilled downstream and energy income <span class=\"_ _7b\"> </span>12,751 <span class=\"_ _141\"> </span> <span class=\"_ _58\"> </span>(8,057) <span class=\"_ _8f\"> </span> <span class=\"_ _17b\"> </span>4,694 <span class=\"_ _141\"> </span> <span class=\"_ _68\"> </span>(622) <span class=\"_ _106\"> </span> <span class=\"_ _140\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _14d\"> </span>4,072<span class=\"_ _2b7\"> </span>Accruals for commodity costs <span class=\"_ _7a\"> </span>(13,428) <span class=\"_ _8f\"> </span> <span class=\"_ _117\"> </span>8,057 <span class=\"_ _8a\"> </span> <span class=\"_ _14d\"> </span>(5,371) <span class=\"_ _106\"> </span> <span class=\"_ _10c\"> </span>622 <span class=\"_ _141\"> </span> <span class=\"_ _46\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _61\"> </span>(4,749)<span class=\"_ _2b7\"> </span>Cash and financing arrangements:<span class=\"_ _2b7\"> </span>Cash and cash equivalents <span class=\"_ _1f1\"> </span>4,842 <span class=\"_ _141\"> </span> <span class=\"_ _102\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _17b\"> </span>4,842 <span class=\"_ _141\"> </span> <span class=\"_ _68\"> </span>(600) <span class=\"_ _106\"> </span> <span class=\"_ _140\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _14d\"> </span>4,242<span class=\"_ _2b7\"> </span>Bank loans and overdrafts <span class=\"_ _30\"> </span>(743) <span class=\"_ _106\"> </span> <span class=\"_ _71\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _10c\"> </span>(743) <span class=\"_ _106\"> </span> <span class=\"_ _10c\"> </span>600 <span class=\"_ _8a\"> </span> <span class=\"_ _46\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _68\"> </span>(143)<span class=\"_ _2b7\"> </span>Related amounts not offset in the<span class=\"_ _2b7\"> </span>Group Balance Sheet<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>31 December 2021<span class=\"_ _2b7\"> </span>Gross amounts<span class=\"_ _2b7\"> </span>of recognised<span class=\"_ _2b7\"> </span>financial<span class=\"_ _2b7\"> </span>instruments<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Gross amounts of<span class=\"_ _2b7\"> </span>recognised financial<span class=\"_ _2b7\"> </span>instruments offset<span class=\"_ _2b7\"> </span>in the Group<span class=\"_ _2b7\"> </span>Balance Sheet<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Net amounts<span class=\"_ _2b7\"> </span>presented<span class=\"_ _2b7\"> </span>in the Group<span class=\"_ _2b7\"> </span>Balance Sheet<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Financial<span class=\"_ _2b7\"> </span>instruments<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Collateral<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Net amount<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Derivative financial assets <span class=\"_ _89\"> </span>33,212 <span class=\"_ _8a\"> </span> <span class=\"_ _10d\"> </span>(25,662) <span class=\"_ _106\"> </span> <span class=\"_ _4a\"> </span>7,550 <span class=\"_ _8a\"> </span> <span class=\"_ _7c\"> </span>(810) <span class=\"_ _106\"> </span> <span class=\"_ _7e\"> </span>(1,185) <span class=\"_ _8f\"> </span> <span class=\"_ _4a\"> </span>5,555<span class=\"_ _2b7\"> </span>Derivative financial liabilities <span class=\"_ _e2\"> </span>(31,671) <span class=\"_ _8f\"> </span> <span class=\"_ _4d\"> </span>25,662 <span class=\"_ _8e\"> </span> <span class=\"_ _7e\"> </span>(6,009) <span class=\"_ _106\"> </span> <span class=\"_ _a0\"> </span>810 <span class=\"_ _8a\"> </span> <span class=\"_ _a0\"> </span>888 <span class=\"_ _8a\"> </span> <span class=\"_ _7e\"> </span>(4,311) <span class=\"_ _4a\"> </span>1,541 <span class=\"_ _1a\"> </span> <span class=\"_ _e4\"> </span>1,244<span class=\"_ _2b7\"> </span>Balances arising from commodity contracts:<span class=\"_ _2b7\"> </span>Accrued and unbilled downstream and energy income <span class=\"_ _81\"> </span>8,890 <span class=\"_ _8a\"> </span> <span class=\"_ _16b\"> </span>(5,443) <span class=\"_ _106\"> </span> <span class=\"_ _e4\"> </span>3,447 <span class=\"_ _141\"> </span> <span class=\"_ _7c\"> </span>(242) <span class=\"_ _106\"> </span> <span class=\"_ _2a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>3,205<span class=\"_ _2b7\"> </span>Accruals for commodity costs <span class=\"_ _14d\"> </span>(8,905) <span class=\"_ _8f\"> </span> <span class=\"_ _117\"> </span>5,443 <span class=\"_ _8a\"> </span> <span class=\"_ _7e\"> </span>(3,462) <span class=\"_ _8f\"> </span> <span class=\"_ _a0\"> </span>242 <span class=\"_ _141\"> </span> <span class=\"_ _2a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _7e\"> </span>(3,220)<span class=\"_ _2b7\"> </span>Cash and financing arrangements:<span class=\"_ _2b7\"> </span>Cash and cash equivalents <span class=\"_ _81\"> </span>5,060 <span class=\"_ _8a\"> </span> <span class=\"_ _102\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>5,060 <span class=\"_ _8a\"> </span> <span class=\"_ _7c\"> </span>(750) <span class=\"_ _106\"> </span> <span class=\"_ _2a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>4,310<span class=\"_ _2b7\"> </span>Bank loans and overdrafts <span class=\"_ _2c\"> </span>(887) <span class=\"_ _106\"> </span> <span class=\"_ _102\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _7c\"> </span>(887) <span class=\"_ _106\"> </span> <span class=\"_ _78\"> </span>750 <span class=\"_ _8a\"> </span> <span class=\"_ _2a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _7c\"> </span>(137)<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _1b7\"> </span>The Group has arrangements in place with various counterparties in respect of commodity trades which provide for a single net settlement of all financial instruments<span class=\"_ _2b7\"> </span>covered by the arrangement in the event of default or termination, or other circumstances arising whereby either party is unable to meet its <span class=\"_ _b\"></span>obligations. The above table<span class=\"_ _2b7\"> </span>shows the potential impact of these arrangements being enforced by offsetting the relevant amounts within each Group Balance Sheet class of asset or <span class=\"_ _b\"></span>liability, but does<span class=\"_ _2b7\"> </span>not show the impact of offsetting across Group Balance Sheet classes where the offsetting Group Balance Sheet class is not included within the <span class=\"_ _b\"></span>above table.<span class=\"_ _2b7\"> </span>S7.<span class=\"_ _13e\"> </span>Fixed-fee service and insurance contracts<span class=\"_ _2b7\"> </span>This section includes fixed-fee service (FFS) and insurance contract disclosures for services related to British Gas.<span class=\"_ _2b7\"> </span>FFS contracts in the UK are entered into with home services customers by British Gas Services Limited (BGSL) and with business<span class=\"_ _2b7\"> </span>customers by British Gas Services (Commercial) Limited. Insurance contracts in the UK are entered into with home services customers by<span class=\"_ _2b7\"> </span>British Gas Insurance Limited (BGIL), authorised by the PRA and regulated by the FCA and the PRA.<span class=\"_ _2b7\"> </span>Product offerings include central heating, boiler and controls, plumbing and drains and electrical appliance insurance cover.<span class=\"_ _2b7\"> </span>FFS contracts continue until either party cancels; insurance contracts normally provide cover for twelve months with the option of renewal.<span class=\"_ _2b7\"> </span>The contracts that protect policyholders against the risk of breakdowns result in risk transfer to the contract provider. Benefits provided to<span class=\"_ _2b7\"> </span>customers vary in accordance with terms and conditions of the contracts entered into. However, they generally include maintenance,<span class=\"_ _2b7\"> </span>repair and/or replacement of the items affected.<span class=\"_ _2b7\"> </span>The levels of risk exposure and service provision to customers under the contract terms depend on the occurrence of uncertain future<span class=\"_ _2b7\"> </span>events, particularly the nature and frequency of faults, and the cost of repair or replacement of the items affected. Accordingly, the<span class=\"_ _2b7\"> </span>timing and the amount of future cash outflows associated with the contracts is uncertain. As the Group\u2019s insurance contract portfolio is<span class=\"_ _2b7\"> </span>comprised of a large number of contracts with small individual values, a high volume of claims with relatively low unit cost results. The<span class=\"_ _2b7\"> </span>characteristics of the business mean that material concentrations or aggregations of risk are relatively remote. The key terms and<span class=\"_ _2b7\"> </span>conditions that affect future cash flows are as follows:<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">provision of labour and parts for repairs, dependent on the agreement and associated level of service;<span class=\"_ _2b7\"> </span></span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">a specified number of safety and maintenance inspections are carried out as set out in the agreement (usually once a year);<span class=\"_ _2b7\"> </span></span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">no limit to the number of call-outs to carry out repair work; and<span class=\"_ _2b7\"> </span></span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">limits on certain maintenance and repair costs.<span class=\"_ _2b7\"> </span></span>The most significant insurance risk is an extreme weather event for an extended period, which has the propensity to increase claim<span class=\"_ _2b7\"> </span>frequencies. The Group regularly assesses insurance risk sensitivities, the most significant relating to increases in breakdown frequency<span class=\"_ _2b7\"> </span>and increases in the average cost of repair. A reasonably possible increase in either would not have a material impact on the results of<span class=\"_ _2b7\"> </span>the Group.<span class=\"_ _2b7\"> </span>Revenue is recognised over the life of contracts (usually twelve months) regarding the incidence of risk, in particular the seasonal<span class=\"_ _2b7\"> </span>propensity of claims that span the life of the contract as a result of emergency maintenance being available throughout the contract term.<span class=\"_ _2b7\"> </span>Costs incurred to settle claims represent principally the engineer workforce employed by the Group within home services and the cost of<span class=\"_ _2b7\"> </span>parts utilised in repair or maintenance. Revenue is accounted for over a 12-month period, with adjustments made to reflect the seasonality<span class=\"_ _2b7\"> </span>of workload over a given year.<span class=\"_ _2b7\"> </span>Weather conditions and the seasonality of repairs both affect the profile of the workload and associated costs incurred across the year.<span class=\"_ _2b7\"> </span>The risk exposure of these uncertain events is actively managed by undertaking the following risk mitigation activities:<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">an initial service visit is provided to customers taking up most central heating contracts and in some instances pre-existing faults may<span class=\"_ _2b7\"> </span></span>lead to the contract being cancelled and no further cover being provided;<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">an annual maintenance inspection is performed as part of most central heating contracts to help identify and prevent issues developing<span class=\"_ _2b7\"> </span></span>into significant maintenance or breakdown claims; and<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">contract limits are applied to certain types of maintenance and repair work considered to be higher risk in terms of frequency and cost.<span class=\"_ _2b7\"> </span></span>The costs of FFS claims and insurance claims incurred during the year were \u00a32 million (<span class=\"_ _1\"></span>2021: \u00a33 million) and \u00a3290 million<span class=\"_ _2b7\"> </span>(2021: \u00a3293 million) respectively and are included in the table below in \u2018Expenses relating to FFS and insurance contracts\u2019. All claims are<span class=\"_ _2b7\"> </span>settled immediately and in full. Due to the short average lead time between claims occurrence and settlement, no material provisions were<span class=\"_ _2b7\"> </span>outstanding at the balance sheet date in 2022 or 2021.<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total revenue<span class=\"_ _24c\"> </span><span class=\"ff66\">857<span class=\"_ _147\"> </span></span> <span class=\"_ _104\"> </span>913<span class=\"_ _2b7\"> </span>Expenses relating to FFS and insurance contracts <span class=\"_ _30\"> </span>(848) <span class=\"_ _2c\"> </span>(803)<span class=\"_ _2b7\"> </span>Deferred income <span class=\"_ _48\"> </span>(39) <span class=\"_ _31\"> </span>(37)<span class=\"_ _2b7\"> </span>Accrued income<span class=\"_ _24d\"> </span><span class=\"ff66\"> <span class=\"_ _9a\"> </span>29 <span class=\"_ _141\"> </span></span> <span class=\"_ _2a\"> </span>31<span class=\"_ _2b7\"> </span>The Group also considers whether estimated future cash flows under the contracts will be sufficient to meet expected future costs. Any<span class=\"_ _2b7\"> </span>deficiency is charged immediately to the Group Income Statement. Claims frequency is sensitive to the reliability of appliances as well as<span class=\"_ _2b7\"> </span>the impact of weather conditions. The contracts are not exposed to any interest rate risk or significant credit risk and do not contain any<span class=\"_ _2b7\"> </span>embedded derivatives.<span class=\"_ _2b7\"> </span>S8.<span class=\"_ _13e\"> </span>Related party transactions<span class=\"_ _2b7\"> </span>The Group\u2019s principal related party is its investment in <span class=\"ff6f fcd\">Lake Acquisitions Limited<span class=\"_ _1\"></span>, which owns the existing EDF UK<span class=\"_ _2b7\"> </span></span>nuclear fleet. The disclosures below, including comparatives, only refer to related parties that were related in the<span class=\"_ _2b7\"> </span>current reporting period.<span class=\"_ _2b7\"> </span>During the year, the Group entered into the following arm\u2019s length transactions with related parties who are not members of the Group,<span class=\"_ _2b7\"> </span>and had the following associated balances:<span class=\"_ _2b7\"> </span>2022<span class=\"_ _d8\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>31 December<span class=\"_ _2b7\"> </span>Purchase of<span class=\"_ _2b7\"> </span>goods and<span class=\"_ _2b7\"> </span>services<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Amounts<span class=\"_ _2b7\"> </span>owed to<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Purchase of<span class=\"_ _2b7\"> </span>goods and<span class=\"_ _2b7\"> </span>services<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Amounts<span class=\"_ _2b7\"> </span>owed to<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Associates:<span class=\"_ _2b7\"> </span>Nuclear <span class=\"_ _68\"> </span>(564) <span class=\"_ _8f\"> </span> <span class=\"_ _68\"> </span>(102) <span class=\"_ _1b7\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(300) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(40)</span> <span class=\"_ _68\"> </span>(564) <span class=\"_ _8f\"> </span> <span class=\"_ _68\"> </span>(102) <span class=\"_ _1b7\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(300) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(40)<span class=\"_ _2b7\"> </span></span>During the year, there were no material changes to commitments in relation to joint ventures and associates.<span class=\"_ _2b7\"> </span>At the balance sheet date, the Group had committed facilities to the Lake Acquisition Group totalling \u00a3120 million (<span class=\"_ _1\"></span>2021: \u00a3120 million),<span class=\"_ _2b7\"> </span>although nothing has been drawn at 31 December 2022.<span class=\"_ _2b7\"> </span>Remuneration of key management personnel<span class=\"_ _2b7\"> </span>Year ended 31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>Short-term benefits <span class=\"_ _48\"> </span>4.4 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _22\"> </span>3.5<span class=\"_ _2b7\"> </span></span>Post-employment benefits <span class=\"_ _48\"> </span>0.1 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _22\"> </span>0.4<span class=\"_ _2b7\"> </span></span>Share-based payments <span class=\"_ _48\"> </span>4.1 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _22\"> </span>1.1</span> <span class=\"_ _48\"> </span>8.6 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _22\"> </span>5.0<span class=\"_ _2b7\"> </span></span>Key management personnel comprise members of the Board and Executive Committee, a total of 11 individuals at 31 December 2022<span class=\"_ _2b7\"> </span>(2021: 10).<span class=\"_ _2b7\"> </span>Remuneration of the Directors of Centrica plc<span class=\"_ _2b7\"> </span>Year ended 31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m (i)<span class=\"_ _2b7\"> </span>Total emoluments (ii) <span class=\"_ _48\"> </span>3.2 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _22\"> </span>2.4<span class=\"_ _2b7\"> </span></span>Amounts receivable under long-term incentive schemes <span class=\"_ _48\"> </span>2.3 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span></span>Contributions into pension schemes <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>0.1</span> <span class=\"_ _48\"> </span>5.5 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _22\"> </span>2.5<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _1b7\"> </span> 2021 comparatives have been restated.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span> These emoluments were paid for services performed on behalf of the Group. No emoluments related specifically to services performed for the Company.<span class=\"_ _2b7\"> </span>Directors\u2019 interests in shares are given in the Remuneration Report on pages<span class=\"_ _1\"></span> 84 to 95.<span class=\"_ _2b7\"> </span>S9.<span class=\"_ _13e\"> </span>Auditors\u2019 remuneration<span class=\"_ _2b7\"> </span>Year ended 31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Fees payable to the Company\u2019s auditors for the audit of the Company\u2019s individual and consolidated:<span class=\"_ _2b7\"> </span>Financial Statements <span class=\"_ _48\"> </span>4.8 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _22\"> </span>5.0<span class=\"_ _2b7\"> </span></span>Audit of the Company\u2019s subsidiaries <span class=\"_ _48\"> </span>1.7 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _22\"> </span>1.7<span class=\"_ _2b7\"> </span></span>Total fees related to the audit of the parent and subsidiary entities <span class=\"_ _48\"> </span>6.5 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _22\"> </span>6.7<span class=\"_ _2b7\"> </span></span>Fees payable to the Company\u2019s auditors and its associates for other services:<span class=\"_ _2b7\"> </span>Audit-related assurance services<span class=\"_ _2b7\"> </span>(i) <span class=\"_ _48\"> </span>0.9 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _22\"> </span>0.8<span class=\"_ _2b7\"> </span></span>All other services<span class=\"_ _2b7\"> </span>(ii) <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>0.9<span class=\"_ _2b7\"> </span></span>Total fees <span class=\"_ _48\"> </span>7.4 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _22\"> </span>8.4<span class=\"_ _2b7\"> </span></span>Fees in respect of pension scheme audits<span class=\"_ _2b7\"> </span>(iii) <span class=\"_ _48\"> </span>0.1 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _22\"> </span>0.1<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _1b7\"> </span>Predominantly relates to the review of the condensed interim Financial Statements and the audit of the Ofgem Consolidated Segmental Statement.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>Prior year relates to the Class 1 Circular reporting accountant work for the Spirit Energy Norway and Statfjord field disposal.<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _141\"> </span>The pension scheme audit continues to be performed by PricewaterhouseCoopers LLP.<span class=\"_ _2b7\"> </span>During 2021, work on the divestment of Spirit Energy Norway and Statfjord field required additional other services from Deloitte in respect<span class=\"_ _2b7\"> </span>of the disposal Class 1 Circular. Approval for this expenditure was sought and received from the Audit and Risk Committee in advance of<span class=\"_ _2b7\"> </span>the work commencing.<span class=\"_ _2b7\"> </span>S10.<span class=\"_ _13e\"> </span>Related undertakings<span class=\"_ _2b7\"> </span>The Group has a large number of related undertakings principally in the UK, US, Canada, Denmark, the Netherla<span class=\"_ _1\"></span>nds and<span class=\"_ _2b7\"> </span>the Republic of Ireland. These are listed below.<span class=\"_ _2b7\"> </span>(a)<span class=\"_ _10f\"> </span>Subsidiary undertakings<span class=\"_ _2b7\"> </span>Investments held directly by Centrica plc with 100% voting rights<span class=\"_ _2b7\"> </span>31 December 2022<span class=\"_ _24e\"> </span><span class=\"fc12\">Principal activity<span class=\"_ _2b7\"> </span></span>Country of incorporation/<span class=\"_ _2b7\"> </span>registered address key<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>Class of shares held<span class=\"_ _2b7\"> </span>Centrica Beta Holdings Limited<span class=\"_ _d1\"> </span>Holding company<span class=\"_ _b7\"> </span>United Kingdom<span class=\"_ _178\"> </span>A<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Holdings Limited<span class=\"_ _24f\"> </span>Holding company<span class=\"_ _b7\"> </span>United Kingdom<span class=\"_ _178\"> </span>A<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Ireland Holdings Limited (ii)<span class=\"_ _2b7\"> </span>Holding company<span class=\"_ _11c\"> </span>Republic of Ireland<span class=\"_ _83\"> </span>B<span class=\"_ _a0\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>CH4 Energy Limited (iii)<span class=\"_ _2b7\"> </span>Dormant <span class=\"_ _17a\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _a0\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Rhodes Holdings HK Limited<span class=\"_ _232\"> </span>Non-trading<span class=\"_ _51\"> </span>Hong Kong<span class=\"_ _178\"> </span>C<span class=\"_ _a0\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Investments held indirectly by Centrica plc with 100% voting rights<span class=\"_ _2b7\"> </span>31 December 2022<span class=\"_ _24e\"> </span><span class=\"fc12\">Principal activity<span class=\"_ _2b7\"> </span></span>Country of incorporation/<span class=\"_ _2b7\"> </span>registered address key<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>Class of shares held<span class=\"_ _2b7\"> </span>Accord Energy (Trading) Limited<span class=\"_ _250\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Alertme.com GmbH<span class=\"_ _1a9\"> </span>In liquidation<span class=\"_ _117\"> </span>Germany<span class=\"_ _83\"> </span>D<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Astrum Solar, Inc.<span class=\"_ _251\"> </span>Home and/or commercial services<span class=\"_ _13f\"> </span>United States<span class=\"_ _15\"> </span>E<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Bord G\u00e1is Energy Limited<span class=\"_ _60\"> </span>Energy supply and power generation<span class=\"_ _1e3\"> </span>Republic of Ireland<span class=\"_ _1e0\"> </span>B<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Bord G\u00e1is Energy Trustees DAC<span class=\"_ _d5\"> </span>Pension trustee company<span class=\"_ _1e3\"> </span>Republic of Ireland<span class=\"_ _1e0\"> </span>B<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>British Gas Energy Procurement Limited<span class=\"_ _2b7\"> </span>(iii) (iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>British Gas Finance Limited<span class=\"_ _252\"> </span>Vehicle leasing<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>British Gas Insurance Limited<span class=\"_ _d1\"> </span>Insurance provision<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>British Gas Limited (iii)<span class=\"_ _2b7\"> </span>Energy supply<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>British Gas New Heating Limited<span class=\"_ _39\"> </span>Electrical and gas installations<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>British Gas Services (Commercial) Limited<span class=\"_ _76\"> </span>Servicing and installation of heating systems<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>British Gas Services Limited<span class=\"_ _253\"> </span>Home services<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>British Gas Social Housing Limited<span class=\"_ _69\"> </span>Servicing and installation of heating systems<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>British Gas Solar Limited<span class=\"_ _2b7\"> </span>(iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>British Gas Trading Limited<span class=\"_ _254\"> </span>Energy supply<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>British Gas X Limited<span class=\"_ _255\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Caythorpe Gas Storage Limited<span class=\"_ _256\"> </span>Gas storage<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _7\"> </span>F<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>CBS Energy Assets Belgium B.V. (ii)<span class=\"_ _2b7\"> </span>Construction of battery storage<span class=\"_ _1ec\"> </span>Belgium<span class=\"_ _83\"> </span>G<span class=\"_ _a0\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>CBS Solar Assets UK Limited<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _2b7\"> </span>Building solar farm &amp; connecting to grid<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>CBS US Solar Fund 1, LLC<span class=\"_ _6c\"> </span>Distributed Energy &amp; Power<span class=\"_ _7c\"> </span>United States<span class=\"_ _83\"> </span>H<span class=\"_ _1e0\"> </span>Membership interest<span class=\"_ _2b7\"> </span>Centrica (Lincs) Wind Farm Limited<span class=\"_ _256\"> </span>Dormant<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Barry Limited<span class=\"_ _21a\"> </span>Power generation<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Brigg Limited<span class=\"_ _2b7\"> </span>(vi)<span class=\"_ _2b7\"> </span>Construction of battery storage<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Holdings Inc.<span class=\"_ _257\"> </span>Holding company<span class=\"_ _4c\"> </span>United States<span class=\"_ _ad\"> </span>I<span class=\"_ _5d\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions (Generation) Limited<span class=\"_ _d6\"> </span>Power genera<span class=\"_ _b\"></span>tion<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions Asset Management,<span class=\"_ _2b7\"> </span>LLC<span class=\"_ _2b7\"> </span>Energy management products and services<span class=\"_ _13f\"> </span>United States<span class=\"_ _1e0\"> </span>H<span class=\"_ _1e0\"> </span>Membership interest<span class=\"_ _2b7\"> </span>Centrica Business Solutions B.V.<span class=\"_ _258\"> </span>Energy management products and services<span class=\"_ _48\"> </span>Netherlands<span class=\"_ _7\"> </span>J<span class=\"_ _109\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions Belgium NV<span class=\"_ _24b\"> </span>Demand response aggregation<span class=\"_ _1ec\"> </span>Belgium<span class=\"_ _83\"> </span>G<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions Canada Inc.<span class=\"_ _102\"> </span>Energy management products and services<span class=\"_ _57\"> </span>Canada<span class=\"_ _1e0\"> </span>K<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions Deutschland GmbH<span class=\"_ _5c\"> </span>Demand response aggregation<span class=\"_ _117\"> </span>Germany<span class=\"_ _7\"> </span>L<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions France SASU<span class=\"_ _64\"> </span>Demand response aggregation<span class=\"_ _b0\"> </span>France<span class=\"_ _178\"> </span>M<span class=\"_ _146\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions International Limited<span class=\"_ _21d\"> </span>Dormant<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions Ireland Limited<span class=\"_ _4b\"> </span>Energy management products and services<span class=\"_ _1e3\"> </span>Republic of Ireland<span class=\"_ _1e0\"> </span>B<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions Italia Srl<span class=\"_ _11e\"> </span>Energy management products and services<span class=\"_ _1fa\"> </span>Italy<span class=\"_ _1e0\"> </span>N<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>S10.  Related undertakings<span class=\"_ _2b7\"> </span>31 December 2022<span class=\"_ _24e\"> </span><span class=\"fc12\">Principal activity<span class=\"_ _2b7\"> </span></span>Country of incorporation/<span class=\"_ _2b7\"> </span>registered address key (i)<span class=\"_ _2b7\"> </span>Class of shares held<span class=\"_ _2b7\"> </span>Centrica Business Solutions Management Limited<span class=\"_ _13d\"> </span>Holding comp<span class=\"_ _1\"></span>any<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions Optimize, LLC<span class=\"_ _76\"> </span>Energy management products and services<span class=\"_ _4c\"> </span>United States<span class=\"_ _83\"> </span>H<span class=\"_ _15\"> </span>Membership interest<span class=\"_ _2b7\"> </span>Centrica Business Solutions Romania Srl<span class=\"_ _71\"> </span>Energy management products and services<span class=\"_ _72\"> </span>Romania<span class=\"_ _83\"> </span>O<span class=\"_ _a0\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions Services, Inc.<span class=\"_ _6e\"> </span>Energy management products and services<span class=\"_ _4c\"> </span>United States<span class=\"_ _1e0\"> </span>H<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions UK Limited<span class=\"_ _1de\"> </span>Energy management products and services<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions UK Optimisation<span class=\"_ _2b7\"> </span>Limited<span class=\"_ _2b7\"> </span>Demand response aggregation<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions US, Inc.<span class=\"_ _135\"> </span>Energy management products and services<span class=\"_ _13f\"> </span>United States<span class=\"_ _1e0\"> </span>H<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions Zrt<span class=\"_ _179\"> </span>Energy management products and services<span class=\"_ _4b\"> </span>Hungary<span class=\"_ _15\"> </span>P<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Combined Common Investment Fund<span class=\"_ _2b7\"> </span>Limited<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Directors Limited<span class=\"_ _219\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Distributed Generation Limited<span class=\"_ _22f\"> </span>Power generation<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Energy (Trading) Limited<span class=\"_ _259\"> </span>In liquidation<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Energy Limited<span class=\"_ _25a\"> </span>Wholesale energy trading<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Energy Marketing Limited<span class=\"_ _de\"> </span>Wholesale energy trading<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Energy Operations Limited<span class=\"_ _2b7\"> </span>(iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Energy Renewable Investments Limited<span class=\"_ _25b\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Energy Trading A/S<span class=\"_ _1b4\"> </span>Energy services and wholesale energy trading<span class=\"_ _117\"> </span>Denmark<span class=\"_ _83\"> </span>Q<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Energy Trading GmbH<span class=\"_ _202\"> </span>Energy services and wholesale e<span class=\"_ _1\"></span>nergy trading<span class=\"_ _117\"> </span>Germany<span class=\"_ _15\"> </span>R<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Energy Trading Pte. Ltd<span class=\"_ _25c\"> </span>Energy services and wholesale energy trading<span class=\"_ _4d\"> </span>Singapore<span class=\"_ _1e0\"> </span>S<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Engineers Pension Trustees Limited<span class=\"_ _25d\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Finance (Canada) Limited<span class=\"_ _251\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Finance (Scotland) Limited<span class=\"_ _1c3\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>T<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Finance (US) Limited<span class=\"_ _25e\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Finance Investments Limited<span class=\"_ _25f\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Finance Norway Limited<span class=\"_ _1f7\"> </span>Dormant<span class=\"_ _f8\"> </span>Jersey<span class=\"_ _83\"> </span>U<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Gamma Holdings Limited<span class=\"_ _251\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Hive Limited<span class=\"_ _260\"> </span>Energy management products and services<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Hive Srl<span class=\"_ _87\"> </span>Energy management products and services<span class=\"_ _1fa\"> </span>Italy<span class=\"_ _15\"> </span>V<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Ignite GP Limited<span class=\"_ _1cd\"> </span>Inve<span class=\"_ _1\"></span>stment company<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Ignite LP Limited<span class=\"_ _261\"> </span>Investment company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica India Offshore Private Limited<span class=\"_ _1af\"> </span>Business services<span class=\"_ _f9\"> </span>India<span class=\"_ _178\"> </span>W<span class=\"_ _146\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Infrastructure Limited (iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _7\"> </span>T<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Innovations UK Limited<span class=\"_ _1c3\"> </span>Investment company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Innovations US, Inc.<span class=\"_ _262\"> </span>Investment company<span class=\"_ _4c\"> </span>United States<span class=\"_ _83\"> </span>H<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Insurance Company Limited<span class=\"_ _263\"> </span>Insurance provision<span class=\"_ _10d\"> </span>Isle of Man<span class=\"_ _83\"> </span>H<span class=\"_ _1a1\"> </span>Ordinary and<span class=\"_ _2b7\"> </span>preference shares<span class=\"_ _2b7\"> </span>Centrica KPS Limited<span class=\"_ _1fd\"> </span>Power generation<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Lake Limited<span class=\"_ _1ef\"> </span>Holding company<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Leasing (KL) Limited<span class=\"_ _2b7\"> </span>(iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica LNG Company Limited<span class=\"_ _1f2\"> </span>LNG Trading<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica LNG UK Limited<span class=\"_ _264\"> </span>LNG Trading<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Nederland B.V.<span class=\"_ _183\"> </span>Holding company<span class=\"_ _22\"> </span>Netherlands<span class=\"_ _7\"> </span>J<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Nigeria Limited<span class=\"_ _265\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Nominees No.1 Limited<span class=\"_ _266\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Offshore UK Limited<span class=\"_ _1b4\"> </span>Gas and/or liquid exploration and production<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>F<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Onshore Processing UK Limited<span class=\"_ _12a\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>F<span class=\"_ _109\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Overseas Holdings Limited<span class=\"_ _25d\"> </span>Holding c<span class=\"_ _b\"></span>ompany<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Pension Plan Trustees Limited<span class=\"_ _3c\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _c7\"> </span>Limited by guarantee<span class=\"_ _2b7\"> </span>S10.  Related undertakings<span class=\"_ _2b7\"> </span>31 December 2022<span class=\"_ _24e\"> </span><span class=\"fc12\">Principal activity<span class=\"_ _2b7\"> </span></span>Country of incorporation/<span class=\"_ _2b7\"> </span>registered address key<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>Class of shares held<span class=\"_ _2b7\"> </span>Centrica Pension Trustees Limited<span class=\"_ _253\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Production Limited<span class=\"_ _15d\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>T<span class=\"_ _109\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Resources (Nigeria) Limited<span class=\"_ _267\"> </span>Non-trading<span class=\"_ _f6\"> </span>Nigeria<span class=\"_ _15\"> </span>X<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Resources (UK) Limited (iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Resources Petroleum UK Limited<span class=\"_ _2b7\"> </span>(iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Secretaries Limited<span class=\"_ _268\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Services Limited<span class=\"_ _fa\"> </span>Business services<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Storage Holdings Limited<span class=\"_ _251\"> </span>Holding company<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>F<span class=\"_ _109\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Storage Limited<span class=\"_ _1ad\"> </span>Gas production and processing<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>F<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Titan Limited<span class=\"_ _19a\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Trinidad and Tobago Limited<span class=\"_ _269\"> </span>Business services<span class=\"_ _109\"> </span>Trinidad and<span class=\"_ _2b7\"> </span>Tobago<span class=\"_ _2b7\"> </span>Y<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Trust (No.1) Limited<span class=\"_ _3a\"> </span>Dormant<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Upstream Investment Limited<span class=\"_ _2b7\"> </span>(iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _7\"> </span>T<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Trading Limited (iii)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>CIU1 Limited (iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>DEML Investments Limited<span class=\"_ _41\"> </span>Holding company<span class=\"_ _57\"> </span>Canada<span class=\"_ _15\"> </span>K<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>DER Development No. 10 Ltd.<span class=\"_ _1e1\"> </span>Holding c<span class=\"_ _b\"></span>ompany<span class=\"_ _57\"> </span>Canada<span class=\"_ _1e0\"> </span>K<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Distributed Energy Customer Solutions Limited<span class=\"_ _31\"> </span>Energy management products and services<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Dyno-Rod Limited<span class=\"_ _dd\"> </span>Operation of a franchise network<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>ECL Contracts Limited<span class=\"_ _26a\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>ECL Investments Limited<span class=\"_ _186\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Electricity Direct (UK) Limited<span class=\"_ _21e\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>ENER-G Cogen International Limited<span class=\"_ _223\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>ENER-G Nagykanizsa Kft<span class=\"_ _f\"> </span>Energy management products and services<span class=\"_ _4b\"> </span>Hungary<span class=\"_ _1e0\"> </span>P<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>ENER-G Power2 Limited<span class=\"_ _252\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>ENER-G Rudox, LLC<span class=\"_ _19f\"> </span>Energy management p<span class=\"_ _1\"></span>roducts and services<span class=\"_ _7c\"> </span>United States<span class=\"_ _83\"> </span>H<span class=\"_ _1e0\"> </span>Membership interest<span class=\"_ _2b7\"> </span>Energy For Tomorrow<span class=\"_ _26b\"> </span>Not-for-profit energy services<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _c7\"> </span>Limited by guarantee<span class=\"_ _2b7\"> </span>GB Gas Holdings Limited<span class=\"_ _23d\"> </span>Holding company<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Generation Green Solar Limited<span class=\"_ _145\"> </span>Dormant community benefit soc<span class=\"_ _1\"></span>iety<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>GF One Limited<span class=\"_ _2b7\"> </span>(v)<span class=\"_ _2b7\"> </span>In liquidation<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>Z<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>GF Two Limited<span class=\"_ _2b7\"> </span>(v)<span class=\"_ _2b7\"> </span>In liquidation<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>Z<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Goldbrand Development Limited<span class=\"_ _266\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Home Assistance UK Limited<span class=\"_ _26c\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Neas Energy Limited<span class=\"_ _d6\"> </span>Energy ser<span class=\"_ _1\"></span>vices and wholesale energy trading<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Neas Invest A/S<span class=\"_ _26d\"> </span>Dormant<span class=\"_ _2d\"> </span>Denmark<span class=\"_ _178\"> </span>Q<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>North Sea Infrastructure Partners Limited<span class=\"_ _2b7\"> </span>(iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _7\"> </span>T<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>NSIP (Holdings) Limited<span class=\"_ _2b7\"> </span>(iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _7\"> </span>T<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>P.H Jones Group Limited<span class=\"_ _26e\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Panoramic Power Ltd.<span class=\"_ _5a\"> </span>Energy management products and services<span class=\"_ _1f9\"> </span>Israel<span class=\"_ _12\"> </span>AA<span class=\"_ _30\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Pioneer Shipping Limited<span class=\"_ _1cd\"> </span>LNG vessel charte<span class=\"_ _b\"></span>ring<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>PRP Battery (Dyce) Limited<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _2b7\"> </span>Non-trading<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Solar Technologies Group Limited<span class=\"_ _2b7\"> </span>(iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>South Energy Investments, LLC<span class=\"_ _1a4\"> </span>Investment company<span class=\"_ _4c\"> </span>United States<span class=\"_ _12\"> </span>AB<span class=\"_ _107\"> </span>Membership interest<span class=\"_ _2b7\"> </span>Vista Solar, Inc.<span class=\"_ _23d\"> </span>Distributed Energy &amp; Power<span class=\"_ _13f\"> </span>United States<span class=\"_ _12\"> </span>AC<span class=\"_ _7c\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>S10.<span class=\"_ _13e\"> </span>Related undertakings<span class=\"_ _2b7\"> </span>Investments held indirectly by Centrica plc with 69% voting rights<span class=\"_ _2b7\"> </span>31 December 2022<span class=\"_ _1a9\"> </span><span class=\"fc12\">Principal activity<span class=\"_ _2b7\"> </span></span>Country of incorporation/<span class=\"_ _2b7\"> </span>registered address key<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>Class of shares held<span class=\"_ _2b7\"> </span>Spirit Norway Holdings AS<span class=\"_ _26c\"> </span>Dormant<span class=\"_ _eb\"> </span>Norway<span class=\"_ _1df\"> </span>AD<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Energy Nederland B.V.<span class=\"_ _26f\"> </span>Gas and/or liquid exploration and production<span class=\"_ _1ec\"> </span>Netherlands<span class=\"_ _178\"> </span>AE<span class=\"_ _10f\"> </span>Ordinary Shares<span class=\"_ _2b7\"> </span>Spirit Energy Norway AS<span class=\"_ _bf\"> </span>Gas and/or liquid exploration and production<span class=\"_ _eb\"> </span>Norway<span class=\"_ _178\"> </span>AF<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Infrastructure B.V.<span class=\"_ _1a\"> </span>Construction, ownership and exploitation of<span class=\"_ _2b7\"> </span>infrastructure<span class=\"_ _2b7\"> </span>Netherlands<span class=\"_ _ed\"> </span>AE<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Bowland Resources (No.2) Limited<span class=\"_ _eb\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG<span class=\"_ _7b\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Energy Hedging Holding Limited<span class=\"_ _270\"> </span>Dormant<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG <span class=\"_ _e5\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Energy Hedging Limited<span class=\"_ _266\"> </span>Dorm<span class=\"_ _1\"></span>ant<span class=\"_ _48\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Bowland Resources Limited<span class=\"_ _ef\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _107\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Elswick Energy Limited<span class=\"_ _271\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _107\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Energy Limited<span class=\"_ _266\"> </span>Holding company<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG<span class=\"_ _a0\"> </span>Ordinary and<span class=\"_ _2b7\"> </span>deferred shares<span class=\"_ _2b7\"> </span>Spirit Energy North Sea Limited<span class=\"_ _92\"> </span>Gas and/or liquid exploration and p<span class=\"_ _1\"></span>roduction<span class=\"_ _48\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG<span class=\"_ _7b\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Energy North Sea Oil Limited<span class=\"_ _203\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _c7\"> </span>AH<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Energy Production UK Limited<span class=\"_ _246\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Energy Resources Limited<span class=\"_ _272\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _107\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Energy Southern North Sea Limited<span class=\"_ _4d\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _107\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Energy Treasury Limited<span class=\"_ _3d\"> </span>Finance company<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Europe Limited<span class=\"_ _254\"> </span>Holding company<span class=\"_ _48\"> </span>United Kingdom<span class=\"_ _107\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit North Sea Gas Limited<span class=\"_ _26f\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _113\"> </span>AH<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Norway Limited<span class=\"_ _273\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _107\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Production (Services) Limited<span class=\"_ _269\"> </span>Business services<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _c7\"> </span>AH<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Resources (Armada) Limited<span class=\"_ _e3\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _1b7\"> </span>For list of registered addresses, refer to note S10(d).<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>Incorporated or acquired in 2022.<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _141\"> </span>The following name changes were made during the year:<span class=\"_ _2b7\"> </span>\u2013<span class=\"_ _132\"> </span><span class=\"ff6b fs1e\">Centrica Trading Limited to CH4 Energy Limited<span class=\"_ _2b7\"> </span></span>\u2013<span class=\"_ _132\"> </span><span class=\"ff6b fs1e\">CH4 Energy Limited to Centrica Trading Limited<span class=\"_ _2b7\"> </span></span>\u2013<span class=\"_ _132\"> </span><span class=\"ff6b fs1e\">British Gas Limited to British Gas Energy Procurement Limited<span class=\"_ _2b7\"> </span></span>\u2013<span class=\"_ _132\"> </span><span class=\"ff6b fs1e\">British Gas Energy Procurement Limited to British Gas Limited<span class=\"_ _2b7\"> </span></span>\u2013<span class=\"_ _132\"> </span><span class=\"ff6b fs1e\">Pennings Power Limited to CBS Solar Assets UK Limited<span class=\"_ _2b7\"> </span></span>(iv)<span class=\"_ _8a\"> </span>Active proposal to strike off.<span class=\"_ _2b7\"> </span>(v)<span class=\"_ _14\"> </span>GF One Limited and GF Two Limited are 75% indirectly owned by Centrica plc.<span class=\"_ _2b7\"> </span>(vi)<span class=\"_ _8a\"> </span>Centrica Brigg Limited change of name to CBS Energy Storage Assets UK Limited as of 15 February 2023.<span class=\"_ _2b7\"> </span>S10.<span class=\"_ _13e\"> </span>Related undertakings<span class=\"_ _2b7\"> </span>(b)<span class=\"_ _e2\"> </span>Subsidiary undertakings \u2013 partnerships held indirectly by Centrica plc with 100% voting rights<span class=\"_ _2b7\"> </span>31 December 2022<span class=\"_ _186\"> </span><span class=\"fc12\">Prin<span class=\"_ _1\"></span>cipal activity<span class=\"_ _2b7\"> </span></span>Country of incorporation/<span class=\"_ _2b7\"> </span>registered address key<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>Class of shares held<span class=\"_ _2b7\"> </span>CF 2016 LLP<span class=\"_ _40\"> </span>Group financing<span class=\"_ _104\"> </span>United Kingdom<span class=\"_ _12\"> </span>A<span class=\"_ _ee\"> </span>Membership interest<span class=\"_ _2b7\"> </span>CFCEPS LLP<span class=\"_ _173\"> </span>Group financing<span class=\"_ _104\"> </span>United Kingdom<span class=\"_ _12\"> </span>A<span class=\"_ _ee\"> </span>Membership interest<span class=\"_ _2b7\"> </span>CFCPP LLP<span class=\"_ _1b\"> </span>Group financing<span class=\"_ _104\"> </span>United Kingdom<span class=\"_ _12\"> </span>A<span class=\"_ _ee\"> </span>Membership interest<span class=\"_ _2b7\"> </span>Direct Energy Resources Partnership<span class=\"_ _274\"> </span>Holding entity<span class=\"_ _fd\"> </span>Canada<span class=\"_ _a9\"> </span>AI<span class=\"_ _7b\"> </span>Membership interest<span class=\"_ _2b7\"> </span>Finance Scotland 2016 Limited Partnership<span class=\"_ _275\"> </span>Group financing<span class=\"_ _104\"> </span>United Kingdom<span class=\"_ _12\"> </span>T<span class=\"_ _13\"> </span>Membership interest<span class=\"_ _2b7\"> </span>Finance Scotland CEPS Limited Partnership<span class=\"_ _20\"> </span>Group financing<span class=\"_ _b4\"> </span>United Kingdom<span class=\"_ _107\"> </span>T<span class=\"_ _13\"> </span>Membership interest<span class=\"_ _2b7\"> </span>Finance Scotland CPP Limited Partnership<span class=\"_ _222\"> </span>Group financing<span class=\"_ _b4\"> </span>United Kingdom<span class=\"_ _107\"> </span>T<span class=\"_ _13\"> </span>Membership interest<span class=\"_ _2b7\"> </span>Ignite Social Enterprise LP<span class=\"_ _94\"> </span>Social enterprise investm<span class=\"_ _b\"></span>ent fund<span class=\"_ _104\"> </span>United Kingdom<span class=\"_ _12\"> </span>A<span class=\"_ _ee\"> </span>Membership interest<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _1b7\"> </span>For list of registered addresses, refer to note S10(d).<span class=\"_ _2b7\"> </span>The following partnerships are fully consolidated into the Group Financial Statements and the Group has taken advantage of the<span class=\"_ _2b7\"> </span>exemption (as confirmed by regulation 7 of the Partnerships (Accounts) Regulations 2008) not to prepare or file separate accounts for<span class=\"_ _2b7\"> </span>these entities:<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Finance Scotland 2016 Limited Partnership;<span class=\"_ _2b7\"> </span></span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Finance Scotland CEPS Limited Partnership;<span class=\"_ _2b7\"> </span></span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Finance Scotland CPP Limited Partnership; and<span class=\"_ _2b7\"> </span></span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Ignite Social Enterprise LP.<span class=\"_ _2b7\"> </span></span>(c) <span class=\"_ _1c\"> </span>Joint arrangements and associates<span class=\"_ _2b7\"> </span>31 December 2022<span class=\"_ _276\"> </span><span class=\"fc12\">Principal activity<span class=\"_ _2b7\"> </span></span>Country of incorporation/<span class=\"_ _2b7\"> </span>registered address key<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>Class of shares held<span class=\"_ _2b7\"> </span>Indirect<span class=\"_ _2b7\"> </span>interest<span class=\"_ _2b7\"> </span>and voting<span class=\"_ _2b7\"> </span>rights (%)<span class=\"_ _2b7\"> </span>Joint ventures<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _2b7\"> </span>Allegheny Solar 1, LLC<span class=\"_ _277\"> </span>Energy supply and/or services<span class=\"_ _51\"> </span>United States<span class=\"_ _1e3\"> </span>AJ<span class=\"_ _ee\"> </span>Membership interest<span class=\"_ _e2\"> </span>40.0%<span class=\"_ _2b7\"> </span>C2 Centrica MT, LLC<span class=\"_ _cc\"> </span>Energy supply and/or services<span class=\"_ _51\"> </span>United States<span class=\"_ _ab\"> </span>AK<span class=\"_ _61\"> </span>Membership interest<span class=\"_ _e2\"> </span>50.0%<span class=\"_ _2b7\"> </span>Eurowind Polska VI Sp z.o.o.<span class=\"_ _fe\"> </span>Operation of an onshore windfarm<span class=\"_ _1ea\"> </span>Poland<span class=\"_ _1e3\"> </span>AL<span class=\"_ _bc\"> </span>Ordinary shares<span class=\"_ _10f\"> </span>50.0%<span class=\"_ _2b7\"> </span>Greener Ideas Limited<span class=\"_ _5c\"> </span>Development of flexible power generation<span class=\"_ _2b7\"> </span>sites<span class=\"_ _2b7\"> </span>Republic of Ireland<span class=\"_ _12\"> </span>B<span class=\"_ _4d\"> </span>Ordinary shares<span class=\"_ _10f\"> </span>50.0%<span class=\"_ _2b7\"> </span>Three Rivers Solar 1, LLC<span class=\"_ _118\"> </span>Energy supply and/or services<span class=\"_ _51\"> </span>United States<span class=\"_ _1db\"> </span>AJ<span class=\"_ _ee\"> </span>Membership interest<span class=\"_ _e2\"> </span>40.0%<span class=\"_ _2b7\"> </span>Three Rivers Solar 2, LLC<span class=\"_ _118\"> </span>Energy supply and/or services<span class=\"_ _51\"> </span>United States<span class=\"_ _1db\"> </span>AJ<span class=\"_ _ee\"> </span>Membership interest<span class=\"_ _e2\"> </span>40.0%<span class=\"_ _2b7\"> </span>Three Rivers Solar 3, LLC<span class=\"_ _118\"> </span>Energy supply and/or services<span class=\"_ _51\"> </span>United States<span class=\"_ _1db\"> </span>AJ<span class=\"_ _ee\"> </span>Membership interest<span class=\"_ _e2\"> </span>40.0%<span class=\"_ _2b7\"> </span>Vindpark Keblowo ApS<span class=\"_ _64\"> </span>Operation of an onshore windfarm<span class=\"_ _f8\"> </span>Denm<span class=\"_ _1\"></span>ark<span class=\"_ _1b7\"> </span>AM<span class=\"_ _55\"> </span>Ordinary shares<span class=\"_ _10f\"> </span>50.0%<span class=\"_ _2b7\"> </span>Associates<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _2b7\"> </span>Lake Acquisitions Limited<span class=\"_ _278\"> </span>Holding company<span class=\"_ _68\"> </span>United Kingdom<span class=\"_ _ab\"> </span>AN<span class=\"_ _51\"> </span>Ordinary shares<span class=\"_ _10f\"> </span>20.0%<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _1b7\"> </span>For list of registered addresses, refer to note S10(d).<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>Further information on the principal joint ventures and associate investments held by the Group is disclosed in notes 6 and 14.<span class=\"_ _2b7\"> </span>All Group companies principally operate within their country of incorporation unless noted otherwise.<span class=\"_ _2b7\"> </span>S10.<span class=\"_ _13e\"> </span>Related undertakings<span class=\"_ _2b7\"> </span>(d)<span class=\"_ _e2\"> </span> List of registered addresses<span class=\"_ _2b7\"> </span>Registered<span class=\"_ _2b7\"> </span>address key<span class=\"_ _e5\"> </span>Address<span class=\"_ _2b7\"> </span>A<span class=\"_ _c4\"> </span>Millstream, Maidenhead Road, Windsor, SL4 5GD, United Kingdom<span class=\"_ _2b7\"> </span>B<span class=\"_ _25\"> </span>1 Warrington Place, Dublin 2, Republic of Ireland<span class=\"_ _2b7\"> </span>C<span class=\"_ _1bc\"> </span>Level 54, Hopewell Centre, 183 Queens Road East, Hong Kong<span class=\"_ _2b7\"> </span>D<span class=\"_ _25\"> </span>Thomas-Wimmer-Ring 1-3, 80539, Munich, Germany<span class=\"_ _2b7\"> </span>E<span class=\"_ _c4\"> </span>2 Wisconsin Circle #700, Chevy Chase, MD 20815, United States<span class=\"_ _2b7\"> </span>F<span class=\"_ _b2\"> </span>Woodland House, Woodland Park, Hessle, HU13 0FA, United Kingdom<span class=\"_ _2b7\"> </span>G<span class=\"_ _1bc\"> </span>Roderveldlaan 2 bus 2, 2600 Antwerp, Belgium<span class=\"_ _2b7\"> </span>H<span class=\"_ _1bc\"> </span>3411 Silverside Road, Suite 104, Tatnall Building. Wilmington, DE 19810, United States<span class=\"_ _2b7\"> </span>I<span class=\"_ _6b\"> </span>3411 Silverside Road, Rodney Building #104, Wilmington, DE 19810, United States<span class=\"_ _2b7\"> </span>J<span class=\"_ _6e\"> </span>Wiegerbruinlaan 2A, 1422 CB Uithoorn, Netherlands<span class=\"_ _2b7\"> </span>K<span class=\"_ _25\"> </span>550 Burrard Street, Suite 2900, Vancouver BC V6C 0A3, Canada<span class=\"_ _2b7\"> </span>L<span class=\"_ _b2\"> </span>Neuer Wall 10, 20354 Hamburg, Germany<span class=\"_ _2b7\"> </span>M<span class=\"_ _76\"> </span>60 Avenue Charles de Gaulle, Cs 60016, 92573, Neuilly sur Seine Cedex, France<span class=\"_ _2b7\"> </span>N<span class=\"_ _1bc\"> </span>Milan (MI), Via Emilio Cornalia 26, Italy<span class=\"_ _2b7\"> </span>O<span class=\"_ _1bc\"> </span>Strada Martir Colonel loan U\u0163\u0103 nr.28 camera 1, Municipiul Timisoara judet Tim<span class=\"_ _b\"></span>is, Romania<span class=\"_ _2b7\"> </span>P<span class=\"_ _c4\"> </span>H-1106 Budapest J\u00e1szber\u00e9nyi \u00fat 24-36, Hungary<span class=\"_ _2b7\"> </span>Q<span class=\"_ _1bc\"> </span>Skelagervej 1, 9000 Aalborg, Denmark<span class=\"_ _2b7\"> </span>R<span class=\"_ _25\"> </span>Esplanade 40, 20354 Hamburg, Germany (i)<span class=\"_ _2b7\"> </span>S<span class=\"_ _c4\"> </span>220 Orchard Road, #05-01 Midpoint Orchard, Singapore 238852, R<span class=\"_ _1\"></span>epublic of Singapore<span class=\"_ _2b7\"> </span>T<span class=\"_ _b2\"> </span>1 Waterfront Avenue, Edinburgh, Scotland, EH5 1SG, United Kingdom<span class=\"_ _2b7\"> </span>U<span class=\"_ _1bc\"> </span>47 Esplanade, St Helier, JE1 0BD, Jersey, Channel Islands<span class=\"_ _2b7\"> </span>V<span class=\"_ _c4\"> </span>Via Paleocapa Pietro 4, 20121, Milano, Italy<span class=\"_ _2b7\"> </span>W<span class=\"_ _1ec\"> </span>G-74, LGF, Kalkaji, New Delhi, South Delhi, 110019, India<span class=\"_ _2b7\"> </span>X<span class=\"_ _c4\"> </span>Sterling Towers, 20 Marina, Lagos, Nigeria<span class=\"_ _2b7\"> </span>Y<span class=\"_ _c4\"> </span>48-50 Sackville Street, Port of Spain, Trinidad and Tobago<span class=\"_ _2b7\"> </span>Z<span class=\"_ _c4\"> </span>1 More London Place, London, SE1 2AF, United Kingdom<span class=\"_ _2b7\"> </span>AA<span class=\"_ _2d\"> </span>15 Atir Yeda Street, Kfar Saba, 44643, Israel<span class=\"_ _2b7\"> </span>AB<span class=\"_ _2d\"> </span>6 Landmark Square, 4th floor, Stamfor<span class=\"_ _1\"></span>d CT 06901, United States<span class=\"_ _2b7\"> </span>AC<span class=\"_ _117\"> </span>4640 Admiralty Way, 5th floor, Marina del Rey, California 90292, United States<span class=\"_ _2b7\"> </span>AD<span class=\"_ _117\"> </span>Lilleakerveien 8, 0283 Oslo, Norway<span class=\"_ _2b7\"> </span>AE<span class=\"_ _72\"> </span>Transpolis Building, Polarisavenue 39, 2132 JH Hoofddorp, Netherlands<span class=\"_ _2b7\"> </span>AF<span class=\"_ _f7\"> </span>Veritasvien 29, 4007 Stavange<span class=\"_ _1\"></span>r, Norway<span class=\"_ _2b7\"> </span>AG<span class=\"_ _53\"> </span>1st floor, 20 Kingston Road, Staines-upon-Thames, TW18 4LG, United Kingdom<span class=\"_ _2b7\"> </span>AH<span class=\"_ _117\"> </span>5th floor, IQ Building, 15 Justice Mill Lane, Aberdeen, AB11 6EQ, United Kingdom<span class=\"_ _2b7\"> </span>AI<span class=\"_ _f1\"> </span>350 7th Avenue SW, Suite 3400, Calgary AB T2P 3N9, Canada<span class=\"_ _2b7\"> </span>AJ<span class=\"_ _f7\"> </span>1209 Orange Street, Wilmington, New Castle County, DE 19801, United States<span class=\"_ _2b7\"> </span>AK<span class=\"_ _2d\"> </span>850 New Burton Road, Suite 201, Dover, DE 19904, United States<span class=\"_ _2b7\"> </span>AL<span class=\"_ _f7\"> </span>Ul. Wysogotowska 23, 62-081 Przezmierowo, Wielkpolskie, Poland<span class=\"_ _2b7\"> </span>AM<span class=\"_ _b5\"> </span>Mariagervej 58B, DK 9500 Hobro, Denmark<span class=\"_ _2b7\"> </span>AN<span class=\"_ _117\"> </span>90 Whitfield Street, London, W1T 4EZ, United Kingdom<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _1b7\"> </span>Centrica Energy Trading GmbH changed its registered address during the year from Gustav-Mahler-Platz 1, 20354 Hamburg, Germany to the address listed above.<span class=\"_ _2b7\"> </span>S10.<span class=\"_ _13e\"> </span>Related undertakings<span class=\"_ _2b7\"> </span>(e)<span class=\"_ _10f\"> </span>Summarised financial information<span class=\"_ _2b7\"> </span>Management has determined that the investment in Lake Acquisitions Limited<span class=\"_ _1\"></span> is sufficiently material to warrant further disclosure on an<span class=\"_ _2b7\"> </span>individual basis. Accordingly, the Group presents summarised financial information, along with reconciliations to the amounts included in<span class=\"_ _2b7\"> </span>the consolidated Group Financial Statements, for this investee<span class=\"_ _1\"></span><span class=\"ff6d\">.<span class=\"_ _2b7\"> </span></span>Lake Acquisitions Limited<span class=\"_ _2b7\"> </span>Summarised statement of total comprehensive income<span class=\"_ _2b7\"> </span>2022<span class=\"_ _16c\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>Year ended 31 December<span class=\"_ _2b7\"> </span>Associate<span class=\"_ _2b7\"> </span>information<span class=\"_ _2b7\"> </span>reported to<span class=\"_ _2b7\"> </span>Group<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Unadjusted<span class=\"_ _2b7\"> </span>20% share<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Fair value<span class=\"_ _2b7\"> </span>and other<span class=\"_ _2b7\"> </span>adjustments<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Group share<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Associate<span class=\"_ _2b7\"> </span>information<span class=\"_ _2b7\"> </span>reported to<span class=\"_ _2b7\"> </span>Group<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Unadjusted<span class=\"_ _2b7\"> </span>20% share<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Fair value<span class=\"_ _2b7\"> </span>and other<span class=\"_ _2b7\"> </span>adjustments<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Group share<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Revenue<span class=\"_ _138\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _10f\"> </span>2,960 <span class=\"_ _9e\"> </span> <span class=\"_ _17b\"> </span>592 <span class=\"_ _9e\"> </span> <span class=\"_ _9a\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _54\"> </span>592 <span class=\"_ _167\"> </span></span> <span class=\"_ _75\"> </span>1,661 <span class=\"_ _8a\"> </span> <span class=\"_ _82\"> </span>332 <span class=\"_ _8a\"> </span> <span class=\"_ _104\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _82\"> </span>332<span class=\"_ _2b7\"> </span>Operating profit/(loss) before<span class=\"_ _2b7\"> </span>interest and tax<span class=\"_ _f\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _17b\"> </span>737 <span class=\"_ _141\"> </span> <span class=\"_ _54\"> </span>147 <span class=\"_ _141\"> </span> <span class=\"_ _f4\"> </span>(26) <span class=\"_ _106\"> </span> <span class=\"_ _17b\"> </span>121 <span class=\"_ _167\"> </span></span> <span class=\"_ _18\"> </span>(1,106) <span class=\"_ _8f\"> </span> <span class=\"_ _4a\"> </span>(221) <span class=\"_ _8f\"> </span> <span class=\"_ _a0\"> </span>97 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>(124)<span class=\"_ _2b7\"> </span>Profit/(loss) for the year<span class=\"_ _d7\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _17b\"> </span>542 <span class=\"_ _141\"> </span> <span class=\"_ _54\"> </span>108 <span class=\"_ _141\"> </span> <span class=\"_ _f4\"> </span>(15) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>93 <span class=\"_ _167\"> </span></span> <span class=\"_ _e4\"> </span>(889) <span class=\"_ _106\"> </span> <span class=\"_ _e4\"> </span>(178) <span class=\"_ _106\"> </span> <span class=\"_ _a0\"> </span>75 <span class=\"_ _8e\"> </span> <span class=\"_ _4a\"> </span>(103)<span class=\"_ _2b7\"> </span>Other comprehensive (loss)/income<span class=\"_ _4d\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _74\"> </span>(1,467) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>(293) <span class=\"_ _106\"> </span> <span class=\"_ _2a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>(293) <span class=\"_ _1b7\"> </span></span> <span class=\"_ _82\"> </span>760 <span class=\"_ _8a\"> </span> <span class=\"_ _82\"> </span>152 <span class=\"_ _8a\"> </span> <span class=\"_ _104\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _82\"> </span>152<span class=\"_ _2b7\"> </span>Total comprehensive (loss)/income<span class=\"_ _5d\"> </span><span class=\"fc12\"> <span class=\"_ _b9\"> </span>(925) <span class=\"_ _106\"> </span> <span class=\"_ _b9\"> </span>(185) <span class=\"_ _106\"> </span> <span class=\"_ _8\"> </span>(15) <span class=\"_ _106\"> </span> <span class=\"_ _b9\"> </span>(200) <span class=\"_ _1b7\"> </span><span class=\"ff6b fcf\"> <span class=\"_ _e4\"> </span>(129) <span class=\"_ _106\"> </span> <span class=\"_ _7c\"> </span>(26) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>75 <span class=\"_ _8a\"> </span> <span class=\"_ _a0\"> </span>49<span class=\"_ _2b7\"> </span></span></span>Summarised balance sheet<span class=\"_ _2b7\"> </span>2022<span class=\"_ _16c\"> </span><span class=\"ff6b fcf\">2021<span class=\"_ _2b7\"> </span></span>31 December<span class=\"_ _2b7\"> </span>Associate<span class=\"_ _2b7\"> </span>information<span class=\"_ _2b7\"> </span>reported to<span class=\"_ _2b7\"> </span>Group<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Unadjusted<span class=\"_ _2b7\"> </span>20% share<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Fair value<span class=\"_ _2b7\"> </span>and other<span class=\"_ _2b7\"> </span>adjustments<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Group share<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Associate<span class=\"_ _2b7\"> </span>information<span class=\"_ _2b7\"> </span>reported to<span class=\"_ _2b7\"> </span>Group<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Unadjusted<span class=\"_ _2b7\"> </span>20% share<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Fair value<span class=\"_ _2b7\"> </span>and other<span class=\"_ _2b7\"> </span>adjustments<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Group share<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Non-current assets<span class=\"_ _a3\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _15\"> </span>17,121 <span class=\"_ _141\"> </span> <span class=\"_ _75\"> </span>3,424 <span class=\"_ _8a\"> </span> <span class=\"_ _a0\"> </span>751 <span class=\"_ _141\"> </span> <span class=\"_ _75\"> </span>4,175 <span class=\"_ _a9\"> </span></span> <span class=\"_ _7\"> </span>21,054 <span class=\"_ _8a\"> </span> <span class=\"_ _b7\"> </span>4,211 <span class=\"_ _8e\"> </span> <span class=\"_ _82\"> </span>898 <span class=\"_ _8a\"> </span> <span class=\"_ _b7\"> </span>5,109<span class=\"_ _2b7\"> </span>Current assets<span class=\"_ _180\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _75\"> </span>4,212 <span class=\"_ _141\"> </span> <span class=\"_ _54\"> </span>842 <span class=\"_ _141\"> </span> <span class=\"_ _9a\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _17b\"> </span>842 <span class=\"_ _167\"> </span></span> <span class=\"_ _b7\"> </span>3,527 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>705 <span class=\"_ _8a\"> </span> <span class=\"_ _b4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _54\"> </span>705<span class=\"_ _2b7\"> </span>Current liabilities<span class=\"_ _d9\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _74\"> </span>(1,742) <span class=\"_ _8f\"> </span> <span class=\"_ _b9\"> </span>(348) <span class=\"_ _106\"> </span> <span class=\"_ _9a\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _14d\"> </span>(348) <span class=\"_ _ab\"> </span></span> <span class=\"_ _17a\"> </span>(1,791) <span class=\"_ _106\"> </span> <span class=\"_ _e4\"> </span>(358) <span class=\"_ _106\"> </span> <span class=\"_ _b4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e4\"> </span>(358)<span class=\"_ _2b7\"> </span>Non-current liabilities<span class=\"_ _279\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _113\"> </span>(12,405) <span class=\"_ _106\"> </span> <span class=\"_ _74\"> </span>(2,481) <span class=\"_ _8f\"> </span> <span class=\"_ _4c\"> </span>(131) <span class=\"_ _106\"> </span> <span class=\"_ _74\"> </span>(2,612) <span class=\"_ _1b7\"> </span></span> <span class=\"_ _1df\"> </span>(14,379) <span class=\"_ _106\"> </span> <span class=\"_ _18\"> </span>(2,876) <span class=\"_ _8f\"> </span> <span class=\"_ _e4\"> </span>(263) <span class=\"_ _106\"> </span> <span class=\"_ _18\"> </span>(3,139<span class=\"_ _2b7\"> </span>Net assets<span class=\"_ _210\"> </span><span class=\"fc12\"> <span class=\"_ _75\"> </span>7,186 <span class=\"_ _8a\"> </span> <span class=\"_ _75\"> </span>1,437 <span class=\"_ _141\"> </span> <span class=\"_ _a0\"> </span>620 <span class=\"_ _8a\"> </span> <span class=\"_ _75\"> </span>2,057 <span class=\"_ _167\"> </span><span class=\"ff6b fcf\"> <span class=\"_ _75\"> </span>8,411 <span class=\"_ _8a\"> </span> <span class=\"_ _b7\"> </span>1,682 <span class=\"_ _8e\"> </span> <span class=\"_ _82\"> </span>635 <span class=\"_ _8a\"> </span> <span class=\"_ _b7\"> </span>2,317<span class=\"_ _2b7\"> </span></span></span>(i)<span class=\"_ _1b7\"> </span>Before cumulative impairments of \u00a3497 million (2021: \u00a3692 million) of the Group\u2019s associate investment.<span class=\"_ _2b7\"> </span>D<span class=\"ff65\">uring the year, dividends of \u00a360 million (2021: \u00a31 million<span class=\"_ _1\"></span>) were paid by the associate to the Group.<span class=\"_ _2b7\"> </span></span>Joint operations - fields/assets<span class=\"_ _2b7\"> </span>31 December 2022<span class=\"_ _198\"> </span><span class=\"fc12\">Location<span class=\"_ _187\"> </span>Percentage holding<span class=\"_ _2b7\"> </span></span>Cygnus<span class=\"_ _27a\"> </span>UK North Sea<span class=\"_ _25c\"> </span> <span class=\"_ _4\"></span>61%<span class=\"_ _2b7\"> </span>S11.  Non-controlling interests<span class=\"_ _2b7\"> </span>The Group has one subsidiary undertaking with a non-controlling interest: Spirit Energy Limited, through which the Group carries out the<span class=\"_ _2b7\"> </span>majority of its exploration and production activities.<span class=\"_ _2b7\"> </span>2022<span class=\"_ _175\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>31 December<span class=\"_ _2b7\"> </span>Non-<span class=\"_ _2b7\"> </span>controlling<span class=\"_ _2b7\"> </span>interests<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>Profit for<span class=\"_ _2b7\"> </span>the year<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>comprehensive<span class=\"_ _2b7\"> </span>income<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>equity<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Distributions<span class=\"_ _2b7\"> </span>to non-<span class=\"_ _2b7\"> </span>controlling<span class=\"_ _2b7\"> </span>interests<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Non-<span class=\"_ _2b7\"> </span>controlling<span class=\"_ _2b7\"> </span>interests<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>Loss for<span class=\"_ _2b7\"> </span>the year<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>comprehensive<span class=\"_ _2b7\"> </span>loss<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>equity<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Distributions<span class=\"_ _2b7\"> </span>to non-<span class=\"_ _2b7\"> </span>controlling<span class=\"_ _2b7\"> </span>interests<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Spirit Energy Limited <span class=\"_ _82\"> </span>31 <span class=\"_ _141\"> </span> <span class=\"_ _13\"> </span>146 <span class=\"_ _141\"> </span> <span class=\"_ _2a\"> </span>151 <span class=\"_ _141\"> </span> <span class=\"_ _27b\"> </span>263 <span class=\"_ _141\"> </span> <span class=\"_ _81\"> </span>(273) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _77\"> </span>31 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>(37) <span class=\"_ _106\"> </span> <span class=\"_ _bc\"> </span>(40) <span class=\"_ _106\"> </span> <span class=\"_ _27b\"> </span>385 <span class=\"_ _8a\"> </span> <span class=\"_ _68\"> </span>\u2014<span class=\"_ _2b7\"> </span></span>Summarised financial information<span class=\"_ _2b7\"> </span>The summarised financial information disclosed is shown on a 100% basis. It represents the consolidated position of Spirit Energy Limited<span class=\"_ _2b7\"> </span>and its subsidiaries that would be shown in its consolidated financial statements prepared in accordance with IFRS under Group<span class=\"_ _2b7\"> </span>accounting policies before intercompany eliminations.<span class=\"_ _2b7\"> </span>Summarised statement of total comprehensive income<span class=\"_ _2b7\"> </span>Year ended 31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Revenue <span class=\"_ _1f1\"> </span>1,667 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,795<span class=\"_ _2b7\"> </span></span>Profit/(loss) for the year (i) <span class=\"_ _b4\"> </span>371 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(118)<span class=\"_ _2b7\"> </span></span>Other comprehensive income/(loss) (i) <span class=\"_ _b4\"> </span>116 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>(10)<span class=\"_ _2b7\"> </span></span>Total comprehensive income/(loss) <span class=\"_ _b4\"> </span>487 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(128)<span class=\"_ _2b7\"> </span></span>(i)<span class=\"_ _1b7\"> </span>2022 includes \u00a3101 million exchange differences reclassified to the income statement on disposal not attributable to non-controlling interests (2021: \u00a3nil)<span class=\"_ _1\"></span>.<span class=\"_ _2b7\"> </span>Summarised balance sheet<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Non-current assets <span class=\"_ _1f1\"> </span>1,683 <span class=\"_ _167\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>2,169<span class=\"_ _2b7\"> </span></span>Current assets <span class=\"_ _1f1\"> </span>1,451 <span class=\"_ _167\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,649<span class=\"_ _2b7\"> </span></span>Assets of disposal groups classified as held for sale <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _167\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,651<span class=\"_ _2b7\"> </span></span>Current liabilities <span class=\"_ _7e\"> </span>(1,183) <span class=\"_ _1b7\"> </span><span class=\"ff6b\"> <span class=\"_ _14d\"> </span>(1,846)<span class=\"_ _2b7\"> </span></span>Liabilities of disposal groups classified as held for sale <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _167\"> </span><span class=\"ff6b\"> <span class=\"_ _14d\"> </span>(1,225)<span class=\"_ _2b7\"> </span></span>Non-current liabilities <span class=\"_ _7e\"> </span>(1,104) <span class=\"_ _1b7\"> </span><span class=\"ff6b\"> <span class=\"_ _14d\"> </span>(1,156)<span class=\"_ _2b7\"> </span></span>Net assets <span class=\"_ _b4\"> </span>847 <span class=\"_ _167\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,242<span class=\"_ _2b7\"> </span></span>Summarised cash flow<span class=\"_ _2b7\"> </span>Year ended 31 December<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Net (decrease)/increase in cash and cash equivalents <span class=\"_ _48\"> </span>(73) <span class=\"_ _1b7\"> </span><span class=\"ff6b\"> <span class=\"_ _2a\"> </span>66</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-452": {
   "value": "(a) Basis of preparation The consolidated Financial Statements have been prepared in  accordance with the United Kingdom adopted International  Accounting Standards, with International Financial Reporting  Standards as issued by the IASB and in conformity with the  requirements of the Companies Act 2006. The consolidated Financial Statements have been prepared on the  historical cost basis except for: certain gas inventory, derivative  financial instruments, financial instruments required to be measured  at fair value through profit or loss or other comprehensive income,  and those financial instruments so designated at initial recognition,  and the assets of the Group\u2019s defined benefit pension schemes  that have been measured at fair value; the liabilities of the Group\u2019s  defined benefit pension schemes that have been measured using  the projected unit credit valuation method; and the carrying values  of recognised assets and liabilities qualifying as hedged items in fair  value hedges that have been adjusted from cost by the changes in  the fair values attributable to the risks that are being hedged. The Directors have, at the time of approving the financial  statements, a reasonable expectation that the Company and  Group have adequate resources to continue in operational  existence for the foreseeable future, which reflects a period of  twelve months from the date of approval of the accounts, with  modelled analysis extending to 31 December 2024. The scenarios  considered as part of the going concern assessment are consistent  with those used in the longer-term viability statement. In particular,  cash forecasts for the Group have been stress-tested for different  scenarios including reasonably possible increases/decreases in  commodity prices and the risk scenarios described in the viability  statement, assessing reasonably possible combinations of risks,  the largest of which is the increased margin outflows in our trading  and upstream businesses.  Risks considered also include the  impact of significant adverse weather events, increased bad debt  charges due to the cost of living crisis, the risk of financial loss due  to counterparty default and production falls in the Group\u2019s  upstream business. Due to the elevated and more volatile  commodity prices in 2022, the Group has established enhanced  processes in the trading business and in respect of Upstream to  plan for and manage possible increases in margin cash  requirements. The largest margin outflow modelled in the going  concern scenarios is significantly in excess of actual margin  requirements experienced in 2021 and 2022. Following this work,  the level of undrawn committed bank facilities and available cash  resources has enabled the Directors to conclude that there are no  material uncertainties relating to going concern. As a result, the  Group continues to adopt the going concern basis of accounting in  preparing the financial statements. Further information on the  Group\u2019s strong liquidity position, including its indebtedness and  available committed facilities is provided in note 24. The preparation of financial statements in conformity with IFRS  requires the use of certain critical accounting estimates. It requires  management to exercise its judgement in the process of applying  the Group\u2019s accounting policies. The areas involving a higher  degree of judgement or complexity and areas where assumptions  and estimates are significant to the consolidated Financial  Statements are described in notes 2 and 3. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-453": {
   "value": "(b) New accounting policies, standards, amendments  and interpretations effective or adopted in 2022 From 1 January 2022, the following standards and amendments  are effective in the Group\u2019s consolidated Financial Statements: \u2022 Amendments to IAS 37 \u2018Provisions, Contingent Liabilities and  Contingent Assets\u2019, costs of fulfilling a contract; \u2022 Amendments to IAS 16: \u2018Property, Plant and Equipment\u2019, sale  proceeds before intended use;  \u2022 Amendments to IFRS 3 \u2018Business Combinations\u2019, reference to  the Conceptual Framework; and \u2022 Annual improvements to IFRS 2018-2020. These changes and other amendments effective during the year did  not materially impact the consolidated Financial Statements. Customer Support Schemes During the year the UK Government announced three new support  schemes to provide support for customers during the cost-of-living  crisis. The Energy Bill Support Scheme (EBSS) requires energy suppliers  to provide electricity customers with a \u00a3400 benefit spread over the  six-month winter period. The Group is providing this support to  customers as either a cash benefit, or a credit to their energy  account depending on their payment type. Energy suppliers are  receiving funding monthly in advance from the Government. Cash  is restricted until the payment, or account credit, is applied to  customers\u2019 accounts. Since the beginning of the EBSS scheme on  1 October 2022, the Group has received funding of \u00a31,565 million  from the Government. \u00a3440 million of this balance primarily relates  to funding received in December and is disclosed as restricted  cash. A corresponding liability is recognised on the Group\u2019s  balance sheet until the EBSS support is applied to customer  accounts in January 2023, see note 24 for further details. The Energy Price Guarantee (EPG) scheme sets a government  supported unit price for both gas and electricity for domestic  customers at a level below the quarterly-calculated price cap.  The EPG tariff rates are expected to reduce the average annual  domestic household bill for the period from 1 October 2022 to  31 March 2023 to approximately \u00a32,500 per annum. EPG rates will  increase to approximately \u00a33,000 per annum from 1 April 2023 and  are expected to remain in place until 31 March 2024. The  Government is compensating energy suppliers for the difference  between the previously expected price cap and the reduced EPG  rates with payments made in arrears. Since the start of the EPG  scheme in October, the Group has recognised \u00a3706 million of  revenue relating to the supply of electricity and \u00a3833 million relating  to the supply of gas from the Government, of which a total of  \u00a3153 million is recognised as a trade receivable on the balance  sheet at the year-end date. The Group estimates and recognises  revenue in accordance with existing Group policy and then applies  the EPG discounts. Charges are recoverable from customers  based on the net figure, with the EPG discount recoverable from  the Government.  The Energy Bill Relief Scheme (EBRS) scheme has been introduced  for non-domestic customers, providing government supported unit  rates at \u00a3211/MWh for electricity and \u00a375/MWh for gas. EBRS  support is calculated on the differential between the EBRS rate,  and the wholesale price of electricity or gas at either the inception  of a customer\u2019s fixed price contract, or the date of delivery for  variable, deemed and all other contracts, subject to a maximum  discount. Since the EBRS scheme became effective from October  2022, the Group has recognised \u00a3219 million of revenue from the  Government of which \u00a3131 million is recognised as a trade  receivable on the balance sheet at the year-end date. The EBRS  scheme is expected to end on 31 March 2023. Similar to the EPG,  the Group recognises revenue based on existing estimation and  measurement processes with the EBRS discount applied and  subsequently recovered from the Government. The Group has determined that it is appropriate to apply the  requirements of IFRS 15 \u2018Revenue from Contracts with Customers\u2019  where the Government is effectively settling a portion of customers\u2019  energy bills. This is on the basis that the Group remains entitled to  receive consideration for the supply of electricity and gas based on  either the existing price cap structure or customers\u2019 fixed or  variable priced contracts and the transaction price is unchanged.  The trade receivable arising from the supply of energy is settled  both by the customer, and the Government. The Group observes  that the alternative application of IAS 20 \u2018Government Grants\u2019  would have resulted in a similar accounting outcome.  Pension Scheme Loan Arrangement As a result of the turbulence in longer-dated UK Government debt  markets during the second half of the year, the Group provided a  loan facility to the Group\u2019s three defined benefit pension schemes.  The facility amounted to \u00a3550 million, of which \u00a3400 million  remained outstanding at the reporting date. Interest on the loan is  calculated based on the Bank of England base rate plus 1%;  interest accrues over the two-year term of the loan and is paid by  the pension schemes at maturity. See note 22 for further details. The Group has recognised the loan as a financial asset under  IFRS 9 \u2018Financial Instruments\u2019 measured at amortised cost and  classified the receivable within securities on the Group\u2019s balance  sheet. Correspondingly, the loan liability has been deducted from  plan assets on the basis that the loan does not relate to employee  benefits (scheme liabilities) in accordance with IAS 19. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-454": {
   "value": "(c) Standards and amendments that are issued but  not yet applied by the Group At the date of authorisation of these consolidated Financial  Statements, the Group has not applied the following new and  revised standards and amendments that have been issued but are  not yet effective: The following standard has been issued, endorsed and will be  applied to the Group in future periods: \u2022 IFRS 17 \u2018Insurance Contracts\u2019, effective from 1 January 2023. The following standards and amendments have been issued,  endorsed and will be applied to the Group in future periods, subject  to UK endorsement: \u2022 Amendments to IAS 1 \u2018Presentation of Financial Statements\u2019: \u2013 Disclosure of accounting policies and materiality judgements,  effective 1 January 2023; \u2013 Classification of liabilities as current or non-current, effective  1 January 2024; and \u2013 Non-current liabilities with covenants, effective 1 January  2024. \u2022 Amendments to IAS 8 \u2018Accounting policies, Changes in  Accounting Estimates and Errors\u2019; effective from 1 January 2023; \u2022 Amendments to IAS 12 \u2018Income Taxes\u2019; effective from 1 January  2023; and \u2022 Amendments to IFRS 16 \u2018Leases\u2019; effective from 1 January  2024. IFRS 17 will be effective from 1 January 2023. The Group currently  has fixed-fee service contracts that it accounts for as insurance  contracts under IFRS 4 \u2018Insurance Contracts\u2019. The Group has  completed its assessment of IFRS 17 and expects these contracts  to fall within the scope of IFRS 17 where the Group reflects an  assessment of the risk associated with an individual customer in  setting the price of the contract. The Group will apply the simplified  \u2018Premium Allocation Approach\u2019 to its contracts on the basis that  the coverage period of the Group\u2019s insurance contracts is not  greater than one year. The Group does not expect a material  impact from the application of this standard. Management does not expect other issued but not effective  amendments or standards, or standards not discussed above to  have a material impact on the consolidated Financial Statements. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-455": {
   "value": "(a) Use of adjusted performance measures The Directors believe that reporting adjusted measures (revenue,  margin, profit, earnings per share and cash flow) provides  additional useful information on business performance and  underlying trends. These measures are used for internal  performance purposes, are not defined terms under IFRS and may  not be comparable with similarly titled measures reported by other  companies. Management uses adjusted revenue, adjusted gross margin and  adjusted operating profit to evaluate segment performance. They  are defined as revenue/gross margin/operating profit before: \u2022 exceptional items; and \u2022 certain re-measurements. Exceptional items and certain re-measurements are excluded  because these items are considered by the Directors to distort the Group\u2019s underlying business performance. See section (b) of this  note for further details. Similarly, for Segmental adjusted operating  profit, the impact of the Group\u2019s profit share is excluded because  management considers it unrelated to Segmental business  performance. Adjusted earnings is defined as earnings before: \u2022 exceptional items net of taxation; and \u2022 certain re-measurements net of taxation. A reconciliation of adjusted earnings and adjusted earnings per  share is provided in note 10. Free cash flow is used by management to assess the cash  generating performance of each segment. Segmental free cash  flow is defined as net cash flow from operating and investing  activities before: \u2022 deficit reduction payments made to the UK defined benefit  pension schemes; \u2022 movements in variation margin and collateral; \u2022 interest received; \u2022 sale, settlement and purchase of securities; and \u2022 taxes paid and refunded. Segmental free cash flow as assessed by management excludes  cash flows relating to tax. This is because the effect of Group relief  and similar reliefs could distort the measure of segment  performance. As a Group-wide measure, free cash flow includes  taxes paid and refunded. Free cash flow gives a measure of the cash generation  performance of the business after taking account of the need to  maintain its capital asset base. By excluding deficit reduction  payments and movements in variation margin and collateral, which  are predominantly triggered by wider market factors and, in the  case of collateral and margin movements, represent timing  differences, free cash flow gives a measure of the underlying  performance of the Group. Interest received and cash flows from the sale, settlement and  purchase of securities are excluded from free cash flow as these  items are included in the Group\u2019s adjusted net cash/debt measure  and are therefore viewed by the Directors as related to the manner  in which the Group finances its operations. Adjusted net cash/(debt) is used by management to assess the  underlying indebtedness of the business. Adjusted net cash/(debt)  is defined as cash and cash equivalents, net of bank overdrafts,  borrowings, leases, interest accruals and related derivatives. This is  adjusted for: \u2022 securities; and \u2022 sub-lease assets. ",
   "dimensions": {
    "concept": "centrica:DescriptionOfAccountingPolicyForUseOfAdjustedPerformanceMeasures",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-456": {
   "value": "(b) Exceptional items and certain re-measurements The Group reflects its underlying financial results in the business  performance column of the Group Income Statement. To be able  to provide users with this clear and consistent presentation, the  effects of \u2018certain re-measurements\u2019 of financial instruments, and  \u2018exceptional items\u2019, are reported in a different column in the Group  Income Statement. The Group is an integrated energy business. This means that it  utilises its knowledge and experience across the gas and power  (and related commodity) value chains to make profits across the  core markets in which it operates. As part of this strategy, the  Group enters into a number of forward energy trades to protect  and optimise the value of its underlying production, generation,  storage and transportation assets and contracts (and similar  capacity or off-take arrangements), as well as to meet the future  needs of its customers (downstream demand). These trades are  designed to reduce the risk of holding such assets, contracts or  downstream demand and are subject to strict risk limits and  controls. Primarily because some of these trades include terms that permit  net settlement, they are prohibited from being designated as \u2018own  use\u2019 and so IFRS 9 \u2018Financial Instruments\u2019 requires them to be  individually fair valued. Fair value movements on these commodity derivative trades do not  reflect the underlying performance of the business because they  are economically related to our upstream assets, capacity/off-take  contracts or downstream demand, which are typically not fair  valued. Similarly, where our downstream customer supply  contracts have become onerous as a result of significant market  price movements (and the fact any associated commodity hedges  have separately been recognised at fair value under IFRS 9 and  therefore the onerous supply contract assessment must reflect the  reversal of those gains in subsequent periods), movements in the  required provision are also reflected as a certain re-measurement in  the \u2018Cost of sales\u2019 line item and separately disclosed in note 7. Movements in this provision do not reflect the underlying  performance of the business because they are economically related  to both the hedges and forecast future profitability of the supply  contracts. Therefore, these certain re-measurements are reported  separately and are subsequently reflected in business performance  when the underlying transaction or asset impacts profit or loss. The effects of these certain re-measurements are presented within  either revenue or cost of sales when recognised in business  performance depending on the nature of the contract. They are  managed separately from proprietary energy trading activities  where trades are entered into speculatively for the purpose of  making profits in their own right. These proprietary trades are  included in revenue in the business performance column of the  Group Income Statement. The Group\u2019s result for the year presents both realised and  unrealised fair value movements on all derivative energy contracts  within the \u2018Re-measurement and settlement of derivative energy  contracts\u2019 line item. The Group\u2019s result for the year presents the  unrealised onerous supply contract provision movements within the  \u2018Cost of sales\u2019 line item. Exceptional items are those items that, in the judgement of the  Directors, need to be disclosed separately by virtue of their nature,  size or incidence. Again, to ensure the business performance  column reflects the underlying results of the Group, these  exceptional items are also reported in the separate column in the  Group Income Statement. Items that may be considered  exceptional in nature include disposals of businesses or significant  assets, business restructurings, debt repurchase costs, certain  pension past service credits/costs, asset impairments/write-backs,  the tax effects of these items and the effect of changes in UK  upstream tax rates. The Group distinguishes between business performance asset  impairments/write-backs and exceptional impairments/write-backs  on the basis of the underlying driver of the impairment, as well as  the magnitude of the impairment. Drivers that are deemed to be  outside of the control of the Group (e.g. commodity price changes)  give rise to exceptional impairments. Additionally, impairment  charges that are of a one-off nature (e.g. reserve downgrades or  one-time change in intended use of an asset) and significant  enough value to distort the underlying results of the business are  considered to be exceptional. Other impairments that would be  expected in the normal course of business, such as unsuccessful  exploration activity (dry holes), are reflected in business  performance. ",
   "dimensions": {
    "concept": "centrica:DescriptionOfAccountingPolicyForExceptionalItemsAndCertainReMeasurements",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-457": {
   "value": "<div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:752.967px;\">3.<span class=\"_ _83\"> </span>Critical accounting judgements and key<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:25.108414px; bottom:736.587px;\">sources of estimation uncertainty<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:714.084px;\">This section sets out the key areas of judgement and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:700.824px;\">estimation that have the most significant effect on the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:687.56396px;\">amounts recognised in the consolidated Financial<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:674.30396px;\">Statements.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fc14 sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:649.305px;\">(a)<span class=\"_ _167\"> </span><span class=\"fca\">Critical judgements in applying the Group\u2019s<span class=\"_ _2b7\"> </span></span><span class=\"fca\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:25.108414px; bottom:634.4849px;\">accounting policies<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:620.60095px;\">In addition to the judgements described above, management has<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:607.341px;\">made the following key judgements in applying the Group\u2019s<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:594.08093px;\">accounting policies that have the most significant effect on the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:580.821px;\">consolidated Group Financial Statements.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:563.66095px;\">Spirit Energy consolidation<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:550.40094px;\">During 2017, the Group acquired Bayerngas Norge\u2019s exploration<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:537.141px;\">and production business and combined this with the Group\u2019s<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:523.8809px;\">existing exploration and production business to form the Spirit<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:510.62097px;\">Energy business (SE). The Group, through its Board majority, can<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:497.36096px;\">control decisions that represent Board Reserved Matters and the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:484.10095px;\">Directors consider that these rights provide control over the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:470.841px;\">relevant activities that most significantly influence the variable<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:457.581px;\">returns of the SE business. The Group has concluded that it<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:444.32098px;\">controls SE and consequently SE is fully consolidated with a non-<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:431.06097px;\">controlling interest of 31%.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:413.90094px;\">Metering contracts<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:400.641px;\">As part of the ongoing smart meter roll-out, the Group periodically<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:387.38098px;\">renews meter rental arrangements with third parties. The last<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:374.12097px;\">renegotiation took place in 2021. The Group assessed that these<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:360.86096px;\">were not leases under IAS 17 and IFRIC 4 because at inception of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:347.60095px;\">the contract there were no specified assets, the Group did not have<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:334.34097px;\">the right to physically or operationally control the smart meters and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:321.08096px;\">other parties took more than an insignificant amount of the output<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:307.82098px;\">from the assets. This assessment was grandfathered on adoption<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:294.56097px;\">of IFRS 16.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:277.40094px;\">A reassessment of the contracts was performed in accordance<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:264.14093px;\">with IFRS 16, following renegotiations of the meter rental<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:250.88101px;\">arrangements. On the basis that the asset has a predetermined use<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:237.62097px;\">and the Group neither has the right to operate the asset, nor was<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:224.36096px;\">involved in its design, the conclusion that these arrangements are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:211.10095px;\">not leases continues to be appropriate.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:193.94095px;\">LNG contracts<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:180.681px;\">The Group is active in the liquified natural gas (LNG) market, both<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:167.42099px;\">procuring long-term LNG supply arrangements and transacting in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:154.16095px;\">shorter-term LNG cargoes. As part of its operations in the market,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:140.90094px;\">the Group optimises its contractual positions in order to meet<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:127.64093px;\">customer demand for physical commodity. In response to the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:114.38101px;\">continuing development of the global LNG market which,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:101.12097px;\">consistent with prior years, is not considered to be active, the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:87.86096px;\">Group has reviewed its portfolio of LNG transactions and contracts.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:74.60095px;\">It has judged that its activities are carried out for the purpose of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:61.340942px;\">receipt or delivery of physical commodity in accordance with its<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:48.08101px;\">expected purchase and sale requirements. As a result, the Group\u2019s<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:34.820984px;\">contracts to buy and sell LNG are outside the scope of IFRS 9 and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:21.560959px;\">are accounted for on an accruals basis.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:335.27933px; bottom:754.8259px;\">Assets held for sale and discontinued operations<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:741.56604px;\">On 8 December 2021 the Group announced that it had agreed to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:728.3059px;\">sell Spirit Energy\u2019s entire Norwegian portfolio plus the Statfjord field<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:715.04596px;\">to Sval Energi and Equinor. The transaction completed in the first<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:701.78595px;\">half of 2022. See note 12.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:684.626px;\">The disposal group did not represent a separate major line of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:671.366px;\">business or geographical operations, because the Upstream<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:658.1059px;\">segment retains other European producing fields, and hence the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:644.84595px;\">Group concluded that the disposal group did not constitute a<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:631.58594px;\">discontinued operation.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:335.27933px; bottom:614.42596px;\">Supplier of Last Resort (SoLR)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:601.166px;\">During 2021, the Group was appointed as the Supplier of Last<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:587.90594px;\">Resort (SoLR) to eight suppliers who ceased trading during the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:574.646px;\">year and one further appointment was made in January 2022.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:561.386px;\">Under Ofgem\u2019s licence conditions, the Group was entitled to make<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:548.126px;\">a Last Resort Supplier Payment (LRSP) claim for the shortfall<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:534.866px;\">between costs reasonably incurred in supplying gas and electricity<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:521.6059px;\">to premises under the Last Resort Supply Direction, and the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:508.34595px;\">charges recovered from customers.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:491.18597px;\">The Group submitted an initial claim in 2021, covering a six-month<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:477.92596px;\">period from the date of appointment, and received confirmation of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:464.66595px;\">Ofgem\u2019s acceptance in December 2021. The claim primarily<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:451.40594px;\">covered estimated incremental commodity costs, incurred as a<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:438.146px;\">result of procuring gas and electricity to supply affected customers.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:424.886px;\">The initial claim is currently being settled in 12 monthly instalments<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:411.62598px;\">ending in April 2023 and a total of \u00a3258 million has been received<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:398.36597px;\">during 2022. The Group submitted a second claim to Ofgem in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:385.10596px;\">Autumn 2022, recognising both actual commodity costs incurred,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:371.84595px;\">and additional costs which were not included in the initial claim.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:358.58594px;\">This includes the recovery of customer credit balances, where the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:345.32596px;\">Group had not waived the right to do so. The second claim was<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:332.06598px;\">accepted by Ofgem in December 2022 and will be settled between<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:318.80597px;\">April 2023 and April 2024. The value recognised for the SoLR<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:305.546px;\">receivable at 31 December 2022 is \u00a3275 million (31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:292.28595px;\">2021: \u00a3234 million). In 2022, the Group incurred a further \u00a3241<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:279.02594px;\">million of incremental costs (31 December 2021: \u00a3185 million) and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:265.76593px;\">an additional \u00a358 million of cost relating to customer credit<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:252.50601px;\">balances (31 December 2021: \u00a349 million).<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:235.34598px;\">The Group has concluded that the LRSP process represents an<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:222.08597px;\">Ofgem support mechanism, enabling energy suppliers to provide<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:208.82596px;\">stability to the customers of failed suppliers. The Group determines<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:195.56595px;\">that the LRSP is within the scope of IAS 20 \u2018Government Grants\u2019<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:182.306px;\">and amounts receivable under the mechanism are recognised as<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:169.04599px;\">a credit within cost of sales and operating costs, as the related<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:155.78595px;\">expenses are incurred.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:335.27933px; bottom:134.72595px;\">Share buyback<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:121.46594px;\">On 10th November 2022, the Group announced an intention to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:108.20599px;\">undertake a share buyback of \u00a3250 million, expected to complete<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:94.945984px;\">by 31 May 2023. The Group entered into contracts with third<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:81.68596px;\">parties to undertake this repurchase programme and, as at<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:68.42595px;\">31 December 2022, \u00a343 million of shares had been purchased.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:55.16594px;\">The Group judges that the terms and conditions of the contracts<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:41.906006px;\">meant that, at the 31 December 2022, it was unable to cancel the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:28.64598px;\">remaining obligation. Accordingly, the Group has recorded a<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:15.385971px;\">financial liability of \u00a3207 million for this remaining obligation, in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:2.125946px;\">accordance with IFRS 9: \u2018Financial Instruments\u2019. See note S4.  </div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:844.2326px;\">3.<span class=\"_ _83\"> </span>Critical accounting judgements and key<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:25.108414px; bottom:827.8526px;\">sources of estimation uncertainty<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fc14 sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:808.4956px;\">(b)<span class=\"_ _a9\"> </span><span class=\"fca\">Key sources of estimation uncertainty<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:794.6116px;\">The sections below detail the assumptions the Group makes about<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:781.35156px;\">the future and other major sources of estimation uncertainty when<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:768.09155px;\">measuring its assets and liabilities at the reporting date. The<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:754.83167px;\">information given relates to the sources of estimation uncertainty<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:741.57153px;\">that have a significant risk of resulting in a material adjustment to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:728.3116px;\">those assets and liabilities in the next financial year.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:711.1516px;\">Estimates and associated assumptions are based on historical<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:697.8916px;\">experience and various other factors that are believed to be<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:684.63165px;\">reasonable under the circumstances, including current and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:671.3715px;\">expected economic conditions, and, in some cases, actuarial<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:658.1116px;\">techniques. Although these estimates and associated assumptions<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:644.85156px;\">are based on management\u2019s best knowledge of current events and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:631.59155px;\">circumstances, actual results may differ.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:614.43164px;\">British Gas Energy and Centrica Business Solutions Onerous<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:601.1716px;\">Supply Contracts<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:587.9116px;\">The Group operates and manages a hedging strategy to ensure<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:574.6516px;\">that the future costs of supplying customers of the British Gas<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:561.3916px;\">Energy and Centrica Business Solutions portfolios are appropriately<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:548.1316px;\">managed.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:530.9716px;\">Hedges are measured at fair value under IFRS 9 and are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:517.7116px;\">recognised as certain re-measurements in the Group\u2019s income<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:504.4516px;\">statement until the point at which the related costs to purchase<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:491.1916px;\">electricity and gas are incurred. Fair value movements on energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:477.93158px;\">purchase contracts entered to meet the future needs of customers<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:464.67157px;\">are economically related to customer demand; the supply contracts<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:451.41162px;\">for which are measured on an accrual basis.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:434.2516px;\">Gains and losses arising from hedges have been recognised in the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:420.99158px;\">income statement (within certain re-measurements) in accordance<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:407.7316px;\">with the requirements of IFRS 9. Because of this hedge value<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:394.4716px;\">recognition, the assessment of whether the supply contracts are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:381.2116px;\">onerous must include the contracted energy purchase costs and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:367.9516px;\">those mark-to-market reversals. In 2021, the Group determined<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:354.6916px;\">that at the reporting date, the future costs to fulfil customer<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:341.43155px;\">contracts, including those mark-to-market reversals, exceeded the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:328.17163px;\">charges recoverable from customers because the associated<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:314.9116px;\">hedging gains had already been recognised in the income<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:301.65158px;\">statement. As a result the Group recognised an onerous supply<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:288.39157px;\">contract provision.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:271.23157px;\">Throughout 2022, commodity prices have been elevated and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:257.97162px;\">volatile and the reversal of gains and losses arising from hedges<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:244.71161px;\">has had a significant impact on the Group\u2019s onerous contract<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:231.4516px;\">supply provision. Commodity prices have declined at year end and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:218.19159px;\">the overall provision has similarly reduced. If commodity prices<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:204.93155px;\">increase, a further provision may be required in the future.<span class=\"_ _b\"></span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:191.67163px;\">Commodity price movements typically affect the Group\u2019s residential<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:178.4116px;\">portfolio more immediately than non-domestic customers, because<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:165.1516px;\">the residential hedging strategy reflects the more variable nature of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:151.89157px;\">the portfolio\u2019s pricing structure compared to Centrica Business<span class=\"_ _1\"></span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:138.63156px;\">Solutions customers who are typically on longer-term fixed<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:125.37163px;\">contracts. The decrease in the onerous supply contract provision is<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:112.1116px;\">partially offset by the corresponding losses on the related<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:98.85159px;\">derivatives recognised in certain re-measurements. Further<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:85.59158px;\">disclosures relating to movements in certain re-measurements are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:72.33156px;\">provided in note 7.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:55.17163px;\">Due to the sharp decline in commodity prices at the end of 2022,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:41.911606px;\">fair value movements on energy purchase contracts entered to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:28.651588px;\">meet the future needs of British Gas Energy residential customers<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.391579px;\">resulted in losses rather than gains being recognised as certain re-<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1315613px;\">measurements in the Group\u2019s income statement. As a result, the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:846.09155px;\">Group determined that at the reporting date, the future costs to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:832.83167px;\">fulfil British Gas residential customer contracts fell below charges<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:819.57153px;\">recoverable from customers and the onerous supply contract<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:806.3116px;\">provision previously recognised in relation to the fulfilment of British<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:793.0516px;\">Gas Energy customer contracts has been reversed in full.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:775.8916px;\">Fair value movements on energy purchase contracts in relation to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:762.63165px;\">the Group\u2019s non-domestic customers have similarly resulted in the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:749.3715px;\">recognition of losses as a result of declining wholesale prices<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:736.1116px;\">during December 2022. The hedging strategy for this portfolio<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:722.85156px;\">differs from the residential portfolio, and the Group has determined<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:709.59155px;\">that at the reporting date, the reversal of the cumulative fair value<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:696.33167px;\">movements on this portfolio still results in future costs which<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:683.07153px;\">exceed charges recoverable from customers. As a result, the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:669.8116px;\">Group continues to recognise an onerous supply contract provision<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:656.5516px;\">for the Group\u2019s non-domestic customers.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:639.3916px;\">The total onerous contract supply provision recognised by the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:626.13165px;\">Group is \u00a3999 million (31 December 2021: \u00a32,530 million). This has<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:612.8715px;\">been calculated by estimating the expected margins from energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:599.6116px;\">supply customers, and deducting from this margin the expected<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:586.35156px;\">costs to fulfil those arrangements, including energy purchase costs<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:573.09155px;\">reflecting the mark-to-market gains, and directly attributable<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:559.8316px;\">overhead costs.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:542.6716px;\">In the prior year, key sources of estimation uncertainty related to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:529.4116px;\">the expected future tenure of the Group\u2019s customer portfolio, and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:516.1516px;\">the estimated gross margin attributable to them. Estimations were<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:502.8916px;\">based on historic experience, adjusted to reflect non-recurring<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:489.6316px;\">costs. The British Gas Energy residential element of the provision<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:476.37158px;\">was particularly sensitive to movements in tenure and gross margin<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:463.11157px;\">assumptions.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:445.9516px;\">At 31 December 2022, the onerous supply contract provision only<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:432.6916px;\">relates to non-domestic customers and is much less sensitive to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:419.4316px;\">the assumptions made.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:335.27933px; bottom:402.27158px;\">Credit provisions for trade and other receivables<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:389.0116px;\">The economic effects of the significant increase in wholesale gas<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:375.7516px;\">and electricity costs, and resultant increase in consumer tariffs<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:362.49158px;\">alongside wider inflationary and cost-of-living pressures may<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:349.23157px;\">impact the ability of the Group\u2019s customers to pay amounts due.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:335.97162px;\">Gas and electricity customers are benefitting from customer<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:322.7116px;\">support schemes implemented by the Government, but prices are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:309.4516px;\">still significantly higher than in previous years and the level of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:296.1916px;\">estimation uncertainty in determining the credit provisions required<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:282.93155px;\">for customers is heightened.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:265.77164px;\">The methodology for determining provisions for credit losses on<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:252.5116px;\">trade and other receivables and the level of such provision, along<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:239.25159px;\">with associated sensitivities, is set out in note 17. Although the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:225.99158px;\">provisions recognised are considered appropriate, the use of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:212.73157px;\">different assumptions or changes in economic conditions could<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:199.47162px;\">lead to movements in the provisions and therefore impact the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:186.21161px;\">Group Income Statement.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:335.27933px; bottom:169.05159px;\">Impairment and impairment reversals of long-lived assets<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:155.79158px;\">The Group makes judgements in considering whether the carrying<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:142.53157px;\">amounts of its long-lived assets (principally Upstream gas assets,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:129.27162px;\">Nuclear investment (20% economic interest accounted for as an<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:116.0116px;\">investment in associate) and goodwill) or cash-generating units<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:102.75159px;\">(CGUs) are recoverable and estimates their recoverable amounts.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:85.59158px;\">2021 and 2022 have seen significant year-on-year increases in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:72.33156px;\">forward commodity prices, both in terms of observable market<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:59.071625px;\">prices and forecast forward prices. As a result impairment reversals<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:45.8116px;\">were booked in 2021 related to our retained assets. During 2022,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:32.55159px;\">the announcement of the Energy Profits Levy and Electricity<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:19.29158px;\">Generator Levy has also impacted the recoverable amounts of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:6.031563px;\">our assets.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:852.0295px;\">3.<span class=\"_ _83\"> </span>Critical accounting judgements and key<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:25.108414px; bottom:835.6495px;\">sources of estimation uncertainty<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h27 ff67 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:817.2285px;\">Upstream gas assets<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:803.96844px;\">Forward prices for gas are a key input in the determination of the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:790.7085px;\">recoverable amount of the Group\u2019s gas assets. 2022 has seen<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:777.4485px;\">continued increases in the prices for this commodity, both in terms<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:764.1885px;\">of observable market prices and forecast forward prices. This<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:750.9285px;\">increase, primarily due to higher commodity prices, has been<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:737.6684px;\">partially offset by the implementation of the Energy Profits Levy.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:724.40845px;\">At 31 December 2022, impairment headroom remains for all<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:711.14844px;\">significant fields. The recoverable amounts of the Group\u2019s gas<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:697.8884px;\">assets are capped at depreciated historic cost; accordingly no<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:684.62854px;\">material impairment reversals have been recorded during the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:671.3684px;\">period. As at 31 December 2022, this remains a key source of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:658.10846px;\">estimation uncertainty due to potential future price decreas<span class=\"_ _b\"></span>es.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:644.84845px;\">Sensitivities are provided in note 7.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:627.6885px;\">Further details of the assumptions used in determining the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:614.4285px;\">recoverable amounts and sensitivities to the assumptions are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:601.16846px;\">provided in note 7.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h27 ff67 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:584.0085px;\">Nuclear investment<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:570.7485px;\">The recoverable amount of the Nuclear investment is based on<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:557.48846px;\">the value of the existing UK nuclear fleet operated by EDF. The<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:544.22845px;\">existing fleet value is calculated by discounting pre-tax cash flows<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:530.96844px;\">derived from the stations based on forecast power generation and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:517.7085px;\">power prices, whilst taking account of outages and the likely<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:504.4485px;\">operational lives of the stations. During the period, the recoverable<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:491.18848px;\">amount has improved as a result of increases in commodity prices<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:477.92847px;\">more than offsetting the effect of the announcement of the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:464.66846px;\">Electricity Generator Levy. This, coupled with the impact of the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:451.40845px;\">actuarial loss from the associate\u2019s pension scheme, has resulted in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:438.14847px;\">an impairment reversal of \u00a3195 million.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:420.98846px;\">The key source of estimation uncertain is commodity price<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:407.7285px;\">forecasts, other input assumptions include production levels and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:394.46848px;\">station lives. Further details of these uncertainties, together with the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:381.20847px;\">methodology, assumptions and impairment reversal booked during<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:367.94846px;\">the year are provided in note 7, together with related sensitivities.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:350.78845px;\">Revenue recognition \u2013 unread gas and electricity meters<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:337.52844px;\">Revenue for energy supply activities includes an assessment of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:324.2685px;\">energy supplied to customers between the date of the last meter<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:311.00848px;\">reading and the year-end (known as unread revenue). Unread gas<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:297.74847px;\">and electricity comprises both billed and unbilled revenue. It is<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:284.48846px;\">estimated through the billing systems, using historical consumption<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:271.22842px;\">patterns, on a customer-by-customer basis, taking into account<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:257.9685px;\">weather patterns, load forecasts and the differences between<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:244.70847px;\">actual meter readings being returned and system estimates.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:231.44846px;\">Actual meter readings continue to be compared to system<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:218.18845px;\">estimates between the balance sheet date and the finalisation<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:204.92844px;\">of the accounts.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:187.76851px;\">An assessment is also made of any factors that are likely to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:174.50848px;\">materially affect the ultimate economic benefits that will flow to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:161.24846px;\">the Group, including bill cancellation and re-bill rates. Estimated<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:147.98845px;\">revenue is restricted to the amount the Group expects to be<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:134.72844px;\">entitled to in exchange for energy supplied. The judgements<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:121.468506px;\">applied, and the assumptions underpinning these judgements,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:108.20848px;\">are considered to be appropriate. However, a change in these<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:94.94847px;\">assumptions would have an impact on the amount of revenue<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:81.688446px;\">recognised. The primary source of estimation uncertainty relating<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:68.42844px;\">to unread revenue arises in the respect of gas and electricity sales<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:55.168503px;\">to UK downstream customers in British Gas Energy and Centrica<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:41.908478px;\">Business Solutions, including where changes in customer<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:28.648468px;\">behaviour in response to elevated prices, affects estimated<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.388451px;\">consumption. At 31 December 2022 unread revenue arising from<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1284409px;\">these customers amounted to \u00a32,893 million (2021: \u00a31,740 million).<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:853.8884px;\">A change in these assumptions of 2% would impact revenue and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:840.62854px;\">profit by \u00a358 million.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:335.27933px; bottom:823.46844px;\">Decommissioning costs<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:810.2085px;\">The estimated cost of decommissioning at the end of the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:796.9485px;\">producing lives of gas fields is reviewed periodically and is based<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:783.6885px;\">on reserves, price levels and technology at the balance sheet date.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:770.4285px;\">Provision is made for the estimated cost of decommissioning at the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:757.1684px;\">balance sheet date. The payment dates of total expected future<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:743.90845px;\">decommissioning costs are uncertain and dependent on the lives<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:730.64844px;\">of the facilities, but are currently anticipated to be predominantly<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:717.3884px;\">incurred by 2030.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:700.2285px;\">The level of provision held is also sensitive to the discount rate used<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:686.96844px;\">to discount the estimated decommissioning costs. The real<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:673.7085px;\">discount rate used to discount the decommissioning liabilities at<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:660.4485px;\">31 December 2022 is 1% (2021: 0%). There are a number of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:647.1885px;\">variable inputs into the calculation of discount rates including risk-<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:633.9285px;\">free interest rates and debt and equity risk premium. As a result of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:620.6684px;\">changes in yields on government gilts appropriate to the forecast<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:607.40845px;\">profile of the decommissioning expenditure, it has been deemed<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:594.14844px;\">appropriate to increase the decommissioning rate. A 1% change in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:580.8884px;\">this discount rate would change the decommissioning liability by<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:567.6285px;\">approximately \u00a375 million.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:335.27933px; bottom:550.46844px;\">Gas and liquids reserves<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:537.2085px;\">The volume of proven and probable (2P) gas and liquids reserves is<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:523.9485px;\">an estimate that affects the unit of production method of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:510.68848px;\">depreciating producing gas and liquids property, plant and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:497.42847px;\">equipment (PP&amp;E) as well as being a significant estimate affecting<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:484.16846px;\">decommissioning and impairment calculations.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:467.00848px;\">The impact of a change in estimated 2P reserves is dealt with<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:453.74847px;\">prospectively by depreciating the remaining book value of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:440.48846px;\">producing assets over the expected future production. If 2P<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:427.2285px;\">reserves estimates are revised downwards, earnings could be<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:413.96848px;\">affected by higher depreciation expense or an immediate write-<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:400.70847px;\">down (impairment) of the asset\u2019s book value. A change in reserves<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:387.44846px;\">estimates could also change the timing of decommissioning<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:374.18845px;\">activity, which could change the carrying value of the Group\u2019s<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:360.92844px;\">provisions. The complex interaction of field-specific factors means<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:347.66852px;\">that it is not possible to give a meaningful sensitivity of the Group\u2019s<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:334.40848px;\">financial position or performance to gas and liquids reserves<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:321.14847px;\">estimates. The factors impacting gas and liquids estimates, the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:307.88846px;\">process for estimating reserve quantities and reserve recognition<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:294.62845px;\">and details of the Group\u2019s 2P reserves are given on page<span class=\"_ _1\"></span> 237.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:281.3685px;\">Details of impairments of exploration and production fields and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:268.1085px;\">goodwill, along with associated sensitivities, are given in note<span class=\"_ _1\"></span> 7.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:335.27933px; bottom:250.94846px;\">Determination of fair values \u2013 energy derivatives<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:237.68845px;\">The fair values of energy derivatives classified as Level 3 in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:224.42844px;\">accordance with IFRS 13 \u2018Fair Value Measurement\u2019 are determined<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:211.16852px;\">to be a key source of estimation uncertainty as they are not actively<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:197.90848px;\">traded and their values are estimated by reference in part to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:184.64847px;\">published price quotations in active markets and in part by using<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:171.38846px;\">complex valuation techniques. The key source of estimation<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:158.12843px;\">uncertainty is future commodity prices and their inclusion in the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:144.8685px;\">reliable estimation of the unobservable components of the Group\u2019s<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:131.60847px;\">Level 3 derivatives in an elevated and volatile commodity price<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:118.348465px;\">environment. More detail on the assumptions used in determining<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:105.088455px;\">fair valuations of energy derivatives is provided in note S6 and on<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:335.27933px; bottom:91.828445px;\">the sensitivities to these assumptions in note S3.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:301.40448px;\">3.<span class=\"_ _83\"> </span>Critical accounting judgements and key<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:25.108414px; bottom:285.02448px;\">sources of estimation uncertainty<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:253.81146px;\">Climate change<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:240.55145px;\">In preparing the financial statements, the Directors have considered<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:227.29144px;\">the impact of climate change in the context of the risks and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:214.03143px;\">opportunities identified in the TCFD disclosures on pages 46 to 54.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:200.77148px;\">There has been no material impact identified on the financial<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:187.51147px;\">reporting judgements and estimates. The Directors specifically<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:174.25146px;\">considered the impact of climate change in the following areas:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:157.09143px;\">\u2022<span class=\"_ _bb\"> </span>cash flow forecasts used in the impairment assessment of non-<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:143.83142px;\">current assets, including goodwill;<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:130.57147px;\">\u2022<span class=\"_ _bb\"> </span>carrying value and useful economic lives of property, plant and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:117.31146px;\">equipment;<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:104.05145px;\">\u2022<span class=\"_ _bb\"> </span>recoverability of deferred tax assets; and<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:90.79144px;\">\u2022<span class=\"_ _bb\"> </span>going concern and viability of the Group over the next<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:77.53143px;\">three years.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:59.071472px;\">Whilst there is no short-term impact expected from climate change,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:45.811462px;\">the Directors are aware of the risks and regularly assess these risks<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:32.551453px;\">against judgements and estimates made in preparation of the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:19.291443px;\">Group\u2019s financial statements.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1314697px;\">Further detail is provided in the Climate change note below.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:513.57635px;\">3.<span class=\"_ _83\"> </span>Critical accounting judgements and key sources of estimation uncertainty<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fc14 sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:494.2193px;\">(c)<span class=\"_ _167\"> </span><span class=\"fca\">Climate change<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:480.33533px;\">The Group\u2019s assessment of how climate-related issues might affect the business has been integrated into its annual strategic and financial<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:467.07538px;\">planning process. At the same time, the Group reviews the potential impact of the material risks and opportunities and its Climate<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:453.8153px;\">Transition Plan on both the current balance sheet position and its accounting policies (including the useful economic lives of its assets).<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:436.65533px;\">Summary of our most material risks &amp; opportunities<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:420.82135px;\">TCFD category<span class=\"_ _168\"> </span>Climate-related trend<span class=\"_ _84\"> </span>Potential impact<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:406.27435px;\">Transition: Policy, Markets and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:394.57434px;\">Technology<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:158.03316px; bottom:406.27435px;\">Transition away from fossil fuelled<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:158.03316px; bottom:394.57434px;\">heating<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:339.9818px; bottom:406.27435px;\">Risk: Reduced gross margin (GM) from the sale and servicing of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:339.9818px; bottom:394.57434px;\">natural gas residential boilers and commercial Combined Heat and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:339.9818px; bottom:382.8744px;\">Power (CHP)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:367.27435px;\">Transition: Policy, Markets and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:355.57434px;\">Technology<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:158.03316px; bottom:367.27435px;\">Growth in low carbon heating market<span class=\"_ _e5\"> </span>Opportunity: Increased sales and servicing of electric and hydrogen<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:339.9818px; bottom:355.57434px;\">fuelled heating systems<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:339.97437px;\">Transition: Policy, Markets and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:328.27435px;\">Technology<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:158.03316px; bottom:339.97437px;\">Transition away from natural gas<span class=\"_ _31\"> </span>Risk: Reduced GM from the sale of natural gas and energy efficiency<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:300.97437px;\">Transition: Policy, Markets and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:289.27435px;\">Technology<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:158.03316px; bottom:300.97437px;\">Growth in low carbon heating market<span class=\"_ _e5\"> </span>Opportunity: Increased sales of electricity and green/low carbon<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:339.9818px; bottom:289.27435px;\">hydrogen<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:273.67438px;\">Transition: Markets<span class=\"_ _eb\"> </span>Growth of EV transport market<span class=\"_ _4f\"> </span>Opportunity: Access to new and growing value pools related to EV<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:339.9818px; bottom:261.9743px;\">charging installs, operation and maintenance (O&amp;M), and energy supply<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:246.37433px;\">Transition: Energy Source<span class=\"_ _4d\"> </span>Growth in demand for renewable energy<span class=\"_ _14\"> </span>Opportunity: Strong growth in the market for low carbon and transition<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:339.9818px; bottom:234.67432px;\">assets driven by decarbonisation<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:219.07434px;\">Physical: Chronic<span class=\"_ _169\"> </span>Rising mean temperatures<span class=\"_ _103\"> </span>Risk: Reduced sales of natural gas and electric<span class=\"_ _1\"></span>ity for heat<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:195.57031px;\">IFRS dictates how each asset or liability should be accounted for (e.g. cost, fair value or other measurement criteria) and accordingly,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:182.3103px;\">there is a fundamental difference between the holistic forward-looking risk and opportunities business analysis<span class=\"_ _1\"></span> (see TCFD disclosure on<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:169.05035px;\">pages 46 to 54), and the possible sensitivity of current accounting carrying values to these risks and opportunities.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:151.89032px;\">For example, whilst the activity of supplying gas to customers or servicing/installing gas boilers is clearly subject to climate-related risks<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:138.63037px;\">(and opportunities), the balance sheet does not reflect an overall value of those businesses (aside from an element of goodwill). Instead,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:125.37036px;\">accounting balances related to these businesses generally manifest themselves in short-term working capital assets and liabilities<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:112.11035px;\">associated with procuring and selling gas or servicing/installing boilers; with those balances generally settled within six months and so<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:98.85034px;\">specifically less exposed to climate risks.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:81.69034px;\">In a similar vein, Upstream assets are tested for impairment in accordance with relevant IFRS accounting standards. These generally<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:68.43036px;\">require the recoverable amount of the asset to be calculated based on a best estimate of long-term forecast commodity prices, which<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:55.17035px;\">the Group estimates based on current market prices and the consensus of reputable commodity pricing consultants forecasts. However,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:41.91034px;\">these estimates are not consistent with net zero scenarios from the consultants (as they do not factor in any prospective, yet to be<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:28.65036px;\">announced legislative or market changes that would be required to meet temperature targets) and hence impairment reviews are not<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.390381px;\">based on net zero scenario forward prices. The Group instead discloses the impact on the carrying value of Upstream assets by way of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1303406px;\">sensitivity analysis (see note 7(c)).<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:789.6115px;\">3.<span class=\"_ _83\"> </span>Critical accounting judgements and key sources of estimation uncertainty<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:771.1905px;\">Accordingly, the Group is mindful of these dynamics when it considers which areas<span class=\"_ _b\"></span> of the balance sheet are exposed to key estimation<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:757.9305px;\">uncertainty from climate-related issues. The Group considers which assets are most exposed to impairment from climate risks and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:744.6705px;\">similarly whether there are any liabilities that are either currently unrecognised or might increase as a result of those risks.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:727.51056px;\">The Group\u2019s assets/liabilities have been segmented into three tranches, grading each balance\u2019s exposure to climate risks/opportunities:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff6b fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:710.35046px;\">(i)<span class=\"_ _147\"> </span><span class=\"ff65\">Higher risk \u2013 As the consumption of gas and power is intrinsically linked to carbon emissions, their pricing is consequently exp<span class=\"_ _1\"></span>osed to<span class=\"_ _2b7\"> </span></span><span class=\"ff65\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:697.0905px;\">climate and legislative risk. Accordingly, where assets or contract values have a key dependency on commodity price assumptions,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:683.8305px;\">those assets (or contracts) are deemed higher risk.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff6b fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:666.6705px;\">(ii)<span class=\"_ _8a\"> </span><span class=\"ff65\">Medium risk \u2013 Gross margin energy transition considerations and their potential impact on forward-looking balances (e.g. <span class=\"_ _1\"></span>Supply and<span class=\"_ _2b7\"> </span></span><span class=\"ff65\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:653.4105px;\">Services and Energy Trading goodwill) and decommissioning balances in E&amp;P.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff6b fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:636.2504px;\">(iii)<span class=\"_ _8f\"> </span><span class=\"ff65\">Lower risk \u2013 No significant risk identified on the basis that positions are short-term in nature or are specifically linked to the energy<span class=\"_ _2b7\"> </span></span><span class=\"ff65\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:622.9905px;\">transition or are immaterial.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:605.8305px;\">The key non-current asset (and decommissioning provision) balance sheet items have been presented in more granular detail below,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:592.5705px;\">together with the groupings into the above risks and with rationale set out below the table:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:564.0615px;\">As at 31 December 2022 related to (\u00a3m):<span class=\"_ _64\"> </span><span class=\"fc12\">Go<span class=\"_ _b\"></span>odwill<span class=\"_ _54\"> </span>Intangibles<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:385.97736px; bottom:573.4215px;\">Investment in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:396.70093px; bottom:564.0615px;\">associates<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:444.5741px; bottom:573.4215px;\">Property, plant &amp;<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:467.26105px; bottom:564.0615px;\">equipment<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:529.7446px; bottom:573.4215px;\">Deferred tax<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:552.4134px; bottom:564.0615px;\">assets<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:584.9897px; bottom:573.4215px;\">Decommissioning<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:617.6855px; bottom:564.0615px;\">provision<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:549.51447px;\">Energy Supply<span class=\"_ _3b\"> </span><span class=\"fc12\"> <span class=\"_ _10d\"> </span>197<span class=\"_ _2b7\"> </span></span><span class=\"fc12\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:533.9145px;\">Customer relationships<span class=\"_ _16a\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _16b\"> </span>16<span class=\"_ _2b7\"> </span></span><span class=\"ff66 fc12\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:518.3145px;\">Emission certificates<span class=\"_ _3d\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _10d\"> </span>271<span class=\"_ _2b7\"> </span></span><span class=\"ff66 fc12\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:502.71448px;\">Application software<span class=\"_ _11b\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _10d\"> </span>146<span class=\"_ _2b7\"> </span></span><span class=\"ff66 fc12\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:487.1145px;\">Energy Services<span class=\"_ _37\"> </span><span class=\"fc12\"> <span class=\"_ _16b\"> </span>63<span class=\"_ _2b7\"> </span></span><span class=\"fc12\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:471.51447px;\">Customer relationships<span class=\"_ _16a\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _4b\"> </span>6<span class=\"_ _2b7\"> </span></span><span class=\"ff66 fc12\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:455.9145px;\">Brand (mainly Dyno)<span class=\"_ _16c\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _16b\"> </span>57<span class=\"_ _2b7\"> </span></span><span class=\"ff66 fc12\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:440.3145px;\">Application software<span class=\"_ _11b\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _10d\"> </span>128<span class=\"_ _2b7\"> </span></span><span class=\"ff66 fc12\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:424.71448px;\">Battery storage<span class=\"_ _16d\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _16b\"> </span>40<span class=\"_ _2b7\"> </span></span><span class=\"ff66 fc12\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:409.1145px;\">Electric vehicles (vans/cars)<span class=\"_ _16e\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _16b\"> </span>45<span class=\"_ _2b7\"> </span></span><span class=\"ff66 fc12\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:393.51447px;\">Non-electric vehicles (vans/cars)<span class=\"_ _43\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _16b\"> </span>22<span class=\"_ _2b7\"> </span></span><span class=\"ff66 fc12\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:377.9145px;\">Energy Trading<span class=\"_ _60\"> </span><span class=\"fc12\"> <span class=\"_ _10d\"> </span>149<span class=\"_ _2b7\"> </span></span><span class=\"fc12\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:362.31448px;\">Customer relationships<span class=\"_ _16a\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _16b\"> </span>18<span class=\"_ _2b7\"> </span></span><span class=\"ff66 fc12\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:346.7145px;\">Emission certificates<span class=\"_ _3d\"> </span><span class=\"ff66\"> <span class=\"_ _4b\"> </span>9<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:331.1145px;\">Application software<span class=\"_ _11b\"> </span><span class=\"ff66\"> <span class=\"_ _58\"> </span>29<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:315.5145px;\">LNG vessel leases<span class=\"_ _16f\"> </span><span class=\"ff66\"> <span class=\"_ _10d\"> </span>124<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:299.9145px;\">Gas Assets (E&amp;P and Storage)<span class=\"_ _170\"> </span><span class=\"fcf\"> <span class=\"_ _b5\"> </span>\u2014<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:284.31448px;\">E&amp;P fields (Spirit)<span class=\"_ _171\"> </span><span class=\"ff66\"> <span class=\"_ _78\"> </span>1,124 <span class=\"_ _141\"> </span> <span class=\"_ _b8\"> </span>(256) <span class=\"_ _106\"> </span> <span class=\"_ _f4\"> </span>(1,175)<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:268.7145px;\">E&amp;P tax losses (Spirit)<span class=\"_ _172\"> </span><span class=\"ff66\"> <span class=\"_ _10d\"> </span>214<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:253.1145px;\">Gas storage facility (Rough)<span class=\"_ _16e\"> </span><span class=\"ff66\"> <span class=\"_ _16b\"> </span>71 <span class=\"_ _141\"> </span> <span class=\"_ _bc\"> </span>131 <span class=\"_ _141\"> </span> <span class=\"_ _5b\"> </span>(324)<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:237.5145px;\">Power Generation<span class=\"_ _151\"> </span><span class=\"fcf\"> <span class=\"_ _85\"> </span>\u2014<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:221.91449px;\">Nuclear investment<span class=\"_ _173\"> </span><span class=\"ff66\"> <span class=\"_ _78\"> </span>1,560<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:206.31448px;\">Gas-fired power stations/engines<span class=\"_ _174\"> </span><span class=\"ff66\"> <span class=\"_ _16b\"> </span>95 <span class=\"_ _fb\"> </span> <span class=\"_ _53\"> </span>(15)<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:190.71451px;\">Combined heat and power (CHP)/fuel cell<span class=\"_ _175\"> </span><span class=\"ff66\"> <span class=\"_ _16b\"> </span>45<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:175.1145px;\">Solar<span class=\"_ _176\"> </span><span class=\"ff66\"> <span class=\"_ _16b\"> </span>14<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:159.5145px;\">Group/Other<span class=\"_ _177\"> </span><span class=\"fcf\"> <span class=\"_ _b5\"> </span>\u2014<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:143.91449px;\">Application software<span class=\"_ _11b\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _58\"> </span>27<span class=\"_ _2b7\"> </span></span><span class=\"ff66 fc12\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:128.3145px;\">Land &amp; buildings</div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:72.76538px; bottom:131.79526px;\"> (i)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:442.44363px; bottom:128.3145px;\"> <span class=\"_ _10d\"> </span>104<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:112.71449px;\">Derivatives deferred tax<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:105.244965px; bottom:116.19525px;\">(i)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:512.88794px; bottom:112.71449px;\"> <span class=\"_ _78\"> </span>1,713<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:97.1145px;\">Other<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:26.231613px; bottom:100.595245px;\">(i)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:372.74936px; bottom:97.1145px;\"> <span class=\"_ _16b\"> </span>20 <span class=\"_ _141\"> </span> <span class=\"_ _16b\"> </span>64 <span class=\"_ _141\"> </span> <span class=\"_ _4d\"> </span>(93)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:81.514496px;\">Total (notes 13-16 and 21)<span class=\"_ _d8\"> </span><span class=\"fcf\"> <span class=\"_ _bc\"> </span>409 <span class=\"_ _8a\"> </span> <span class=\"_ _bc\"> </span>707 <span class=\"_ _141\"> </span> <span class=\"_ _78\"> </span>1,580 <span class=\"_ _141\"> </span> <span class=\"_ _b4\"> </span>1,748 <span class=\"_ _141\"> </span> <span class=\"_ _78\"> </span>1,709 <span class=\"_ _141\"> </span> <span class=\"_ _5d\"> </span>(1,514)<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:59.85652px;\">(i)<span class=\"_ _ab\"> </span>Land &amp; buildings, Derivatives deferred tax and <span class=\"_ _1\"></span>Other property, plant &amp; equipment/Associates/Deferred tax have not been allocated out across business type.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:36.344963px; bottom:33.180496px;\">Higher<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:36.344963px; bottom:17.58049px;\">Medium<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:36.344963px; bottom:1.9804993px;\">Lower<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:592.0607px;\">3.<span class=\"_ _83\"> </span>Critical accounting judgements and key sources of estimation uncertainty<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:575.4207px;\">All items noted above may be impacted by climate-related risks but are not currently considered to be key areas of judgement or sources<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:562.1607px;\">of estimation uncertainty in the current financial year.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:545.0007px;\">Higher risk<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:531.7408px;\">E&amp;P field valuations are dependent on forecast commodity prices. Climate change risk means that there is uncertainty over gas demand<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:518.4807px;\">and forecast prices. This is not currently a key source of estimation uncertainty because current liquid commodity prices mean that there<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:505.2207px;\">is significant impairment headroom over current carrying values. <span class=\"_ _1\"></span>Nonetheless, valuation sensitivity information based on a net zero price<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:491.9607px;\">forecast has been provided in note 7(c) to show field values can move significantly.<span class=\"_ _1\"></span> (Note that the Group\u2019s intention is to run-off remaining<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:478.70068px;\">fields with most production forecast in the next five years. Decommissioning ob<span class=\"_ _1\"></span>ligations will be substantively met by the early 2030s, whilst<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:465.44073px;\">further investment in exploring for new gas fields has ceased.) Recoverability of E&amp;P deferred tax assets associated with historic losses is<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:452.18073px;\">dependent on future field profitability and so is subject to c<span class=\"_ _1\"></span>limate change risk.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:435.02075px;\">The valuation of the investment in Nuclear is also highly dependent on forecast commodity prices. Climate change risks and opportunities<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:421.76074px;\">means there is uncertainty over electricity demand and forecast prices. The underlying Nuclear stations, which produce electricity with no<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:408.50067px;\">carbon emissions, have different useful economic lives, with the last station forecast to cease operating in 2055. <span class=\"_ _1\"></span>Valuation sensitivity<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:395.24078px;\">information based on a net zero price forecast has been provided in note<span class=\"_ _1\"></span> 7(c).<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:378.0807px;\">Medium risk<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:364.82074px;\">The Group\u2019s small number of gas-fired power stations and engines are exposed to climate change risk, with valuations dependent on<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:351.56073px;\">forecast gas and electricity prices and electricity demand. However, they are deemed medium risk as they do not have a significant<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:338.30072px;\">carrying value in the context of the Group.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:321.1407px;\">Similarly the Group\u2019s investment in CHP and Fuel Cell assets are also exposed to climate risk. They have useful economic lives of up to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:307.88068px;\">15 years but they do not, individually or in total, have material carrying values.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:290.7207px;\">LNG Vessels on the balance sheet are exposed to risk from climate change, but as they are leased assets with the current term remaining<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:277.4607px;\">less than five years, this risk is reduced to medium.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:260.30072px;\">The Group is in the process of transitioning to an electrified vehicle fleet. Non-electric vehicles are deemed medium risk because their<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:247.04071px;\">remaining useful economic lives are generally quite short.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:229.88068px;\">Decommissioning provisions are generally longer-term but this could be brought forward for E&amp;P assets if the energy transition<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:216.62073px;\">accelerates. However, as the decommissioning discount rate is only 1% (real) the balance sheet and income statement impact of earlier<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:203.36072px;\">decommissioning would not be material.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:186.20074px;\">Deferred tax associated with field accelerated capital allowances and decommissioning in E&amp;P and Storage is not considered high risk<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:172.9407px;\">due to the length of carry-back rules for decommissioning and the mechanical unwind of other temporary difference<span class=\"_ _1\"></span>s. Deferred tax assets<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:159.6807px;\">associated with derivatives are considered medium risk as the derivatives generally realise within 2 years.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:142.52072px;\">Energy Supply, Energy Services and Energy Trading Goodwill, Customer Relationships and Application Software are categorised as<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:129.26071px;\">medium risk because the businesses are exposed to energy transition risk as a result of climate change. However, there are also<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:116.00073px;\">significant opportunities for these businesses and the carrying values are not material.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:98.84067px;\">Lower risk<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:85.58075px;\">All other assets denoted in the table above are considered lower risk because they are either specifically related to the energy transition<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:72.32074px;\">(e.g. electric vehicles, battery storage, emission certificates) or are immaterial.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:55.160706px;\">Other contracts<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:41.900696px;\">The Group also has long-term LNG supply contracts with Cheniere and Mozambique. These are not reflected <span class=\"_ _1\"></span>on the balance sheet but<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:28.640686px;\">the Group has certain purchase commitments (see note 23). <span class=\"_ _b\"></span>The contracts currently have significant value because of gas price locational<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.380737px;\">spreads but are exposed to climate-change risk and therefore could ultimately become onerous in<span class=\"_ _1\"></span> net zero scenarios. The commitments<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1207275px;\">note provides detail of the length of the contracts and commodity purchase commitments.<span class=\"_ _2b7\"> </span> </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-458": {
   "value": "<div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:392.73132px;\">4.<span class=\"_ _178\"> </span>Segmental analysis<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:359.34735px;\">The Group\u2019s reporting segments are those used internally by management to run the business and make decisions. The<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:346.08728px;\">Group\u2019s segments are based on products and services as well as the major factors that influence the performance of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:332.82727px;\">these products and services across the geographical locations in which the Group operates.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:299.24835px;\">(a) <span class=\"_ _c5\"> </span>Segmental structure<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:276.6283px;\">The types of products and services from which each reportable segment derived its income during the year are detailed below. Income<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:263.3684px;\">sources are reflected in Group revenue unless otherwise stated:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:243.21838px;\">Segment<span class=\"_ _179\"> </span>Description<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:228.11237px;\">British Gas Services &amp;<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:216.41241px;\">Solutions<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:149.62138px; bottom:228.11237px;\">(i)<span class=\"_ _ab\"> </span><span class=\"fs1d\">The installation, repair a<span class=\"_ _b\"></span>nd maintenance of domestic central heating and related appliances, and the p<span class=\"_ _1\"></span>rovision<span class=\"_ _2b7\"> </span></span><span class=\"fs1d\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:164.83514px; bottom:216.41241px;\">of fixed-fee maintenance/breakdown service and insurance contracts in the UK; and<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:149.62138px; bottom:204.7124px;\">(ii)<span class=\"_ _147\"> </span><span class=\"fs1d\">the supply of new technologies and energy efficiency solutions in the UK.<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:189.11237px;\">British Gas Energy<span class=\"_ _f8\"> </span><span class=\"ff6b fs1e fcf\">(i)<span class=\"_ _ab\"> </span><span class=\"fs1d\">The supply of gas and electr<span class=\"_ _b\"></span>icity to residential and small business customers in the UK.<span class=\"_ _2b7\"> </span></span></span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:173.51239px;\">Bord G\u00e1is Energy<span class=\"_ _88\"> </span><span class=\"ff6b fs1e fcf\">(i)<span class=\"_ _c5\"> </span><span class=\"fs1d\">The supply of gas and electricity to residential, commercial and industrial customers in the Republic of Ireland;<span class=\"_ _2b7\"> </span></span></span><span class=\"ff6b fs1e fcf\"><span class=\"fs1d\"> </span></span></div><div class=\"t m0 hdc ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:149.62138px; bottom:161.81238px;\">(ii)<span class=\"_ _147\"> </span><span class=\"fs1d\">the installation, repair and maintenance of domestic central heating and related a<span class=\"_ _1\"></span>ppliances in the Republic of<span class=\"_ _2b7\"> </span></span><span class=\"fs1d\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:164.83514px; bottom:150.11237px;\">Ireland; and<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:149.62138px; bottom:138.41235px;\">(iii)<span class=\"_ _141\"> </span><span class=\"fs1d\">power generation in the Republic of Ireland<span class=\"_ _2b7\"> </span></span><span class=\"fs1d\"> </span></div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:353.70877px; bottom:141.89307px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:359.30734px; bottom:138.41235px;\">.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:122.81232px;\">Centrica Business Solutions<span class=\"_ _17a\"> </span><span class=\"ff6b fs1e fcf\">(i)<span class=\"_ _ab\"> </span><span class=\"fs1d\">The supply of gas and elec<span class=\"_ _b\"></span>tricity to business customers in the UK</span></span></div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:449.44012px; bottom:126.29309px;\"> (i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:455.7077px; bottom:122.81232px;\">; and<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:149.62138px; bottom:111.112366px;\">(ii)<span class=\"_ _147\"> </span><span class=\"fs1d\">the supply of energy services and solutions to large organisations in all geographies in which the Group<span class=\"_ _2b7\"> </span></span><span class=\"fs1d\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:164.83514px; bottom:99.41235px;\">operates, and the development and operation of large-scale power assets in the UK.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:83.81232px;\">Energy Marketing &amp; Trading<span class=\"_ _18\"> </span><span class=\"ff6b fs1e fcf\">(i)<span class=\"_ _ab\"> </span><span class=\"fs1d\">The procurement, trading and optimisation of energy in the UK and Europe<span class=\"_ _2b7\"> </span></span></span><span class=\"ff6b fs1e fcf\"><span class=\"fs1d\"> </span></span></div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:491.84778px; bottom:87.29309px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:497.11304px; bottom:83.81232px;\">;<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:149.62138px; bottom:72.112366px;\">(ii)<span class=\"_ _147\"> </span><span class=\"fs1d\">the global procurement and sale of LNG; and<span class=\"_ _2b7\"> </span></span><span class=\"fs1d\"> </span></div><div class=\"t m0 hdc ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:149.62138px; bottom:60.412354px;\">(iii)<span class=\"_ _141\"> </span><span class=\"fs1d\">the generation of power from the Spalding combined cycle gas turbine tolling contract (the contract ended<span class=\"_ _2b7\"> </span></span><span class=\"fs1d\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:164.83514px; bottom:48.71234px;\">in 2021).<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:33.112366px;\">Upstream<span class=\"_ _e1\"> </span><span class=\"ff6b fs1e fcf\">(i)<span class=\"_ _ab\"> </span><span class=\"fs1d\">The production and processing of oil and gas principa<span class=\"_ _b\"></span>lly within Spirit Energy<span class=\"_ _2b7\"> </span></span></span><span class=\"ff6b fs1e fcf\"><span class=\"fs1d\"> </span></span></div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:497.11304px; bottom:36.59308px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:502.20728px; bottom:33.112366px;\">; and<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:149.62138px; bottom:21.412354px;\">(ii)<span class=\"_ _147\"> </span><span class=\"fs1d\">the sale of power generated from nuclear assets in the UK.<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:1.7043457px;\">(i)<span class=\"_ _ab\"> </span>Where income is generated from contracts in <span class=\"_ _1\"></span>the scope of IFRS 9, this is included in re-measurement and settlement of derivative energy contracts.<span class=\"_ _2b7\"> </span></div>4.<span class=\"_ _178\"> </span>Segmental analysis<span class=\"_ _2b7\"> </span>(b)<span class=\"_ _a9\"> </span>Revenue<span class=\"_ _2b7\"> </span>Gross segment revenue includes revenue generated from the sale of products and services to other reportable<span class=\"_ _2b7\"> </span>segments of the Group. Group revenue reflects only the sale of products and services to third parties. Sales between<span class=\"_ _2b7\"> </span>reportable segments are conducted on an arm\u2019s length basis.<span class=\"_ _2b7\"> </span>2022<span class=\"_ _1e\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>Gross<span class=\"_ _2b7\"> </span>segment<span class=\"_ _2b7\"> </span>revenue<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Less inter-<span class=\"_ _2b7\"> </span>segment<span class=\"_ _2b7\"> </span>revenue<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Group<span class=\"_ _2b7\"> </span>revenue<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Gross<span class=\"_ _2b7\"> </span>segment<span class=\"_ _2b7\"> </span>revenue<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Less inter-<span class=\"_ _2b7\"> </span>segment<span class=\"_ _2b7\"> </span>revenue<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Group<span class=\"_ _2b7\"> </span>revenue<span class=\"_ _2b7\"> </span>British Gas Services &amp; Solutions<span class=\"_ _95\"> </span> <span class=\"_ _47\"> </span>1,527 <span class=\"_ _141\"> </span> <span class=\"_ _50\"> </span>(50) <span class=\"_ _8f\"> </span> <span class=\"_ _54\"> </span>1,477 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _54\"> </span>1,513 <span class=\"_ _8e\"> </span> <span class=\"_ _140\"> </span>(53) <span class=\"_ _106\"> </span> <span class=\"_ _54\"> </span>1,460<span class=\"_ _2b7\"> </span></span>British Gas Energy<span class=\"_ _177\"> </span> <span class=\"_ _61\"> </span>13,096 <span class=\"_ _141\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _ee\"> </span>13,096 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _54\"> </span>7,513 <span class=\"_ _8e\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>7,513<span class=\"_ _2b7\"> </span></span>Bord G\u00e1is Energy<span class=\"_ _1e\"> </span> <span class=\"_ _17b\"> </span>1,771 <span class=\"_ _141\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>1,771 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _54\"> </span>1,111 <span class=\"_ _8a\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>1,111<span class=\"_ _2b7\"> </span></span>Centrica Business Solutions<span class=\"_ _17c\"> </span> <span class=\"_ _17b\"> </span>3,000 <span class=\"_ _141\"> </span> <span class=\"_ _31\"> </span>(19) <span class=\"_ _106\"> </span> <span class=\"_ _17b\"> </span>2,981 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _54\"> </span>1,981 <span class=\"_ _8a\"> </span> <span class=\"_ _140\"> </span>(28) <span class=\"_ _106\"> </span> <span class=\"_ _54\"> </span>1,953<span class=\"_ _2b7\"> </span></span>Energy Marketing &amp; Trading<span class=\"_ _17d\"> </span> <span class=\"_ _61\"> </span>14,441 <span class=\"_ _141\"> </span> <span class=\"_ _10c\"> </span>(219) <span class=\"_ _106\"> </span> <span class=\"_ _61\"> </span>14,222 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _54\"> </span>6,082 <span class=\"_ _8a\"> </span> <span class=\"_ _a0\"> </span>(214) <span class=\"_ _8f\"> </span> <span class=\"_ _54\"> </span>5,868<span class=\"_ _2b7\"> </span></span>Upstream<span class=\"_ _dc\"> </span> <span class=\"_ _17b\"> </span>3,351 <span class=\"_ _141\"> </span> <span class=\"_ _14d\"> </span>(3,261) <span class=\"_ _106\"> </span> <span class=\"_ _55\"> </span>90 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _54\"> </span>2,282 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>(1,887) <span class=\"_ _8f\"> </span> <span class=\"_ _8\"> </span>395<span class=\"_ _2b7\"> </span></span>Group revenue included in business performance<span class=\"_ _86\"> </span> <span class=\"_ _ee\"> </span>37,186 <span class=\"_ _8a\"> </span> <span class=\"_ _14d\"> </span>(3,549) <span class=\"_ _106\"> </span> <span class=\"_ _ee\"> </span>33,637 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _ee\"> </span>20,482 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>(2,182) <span class=\"_ _106\"> </span> <span class=\"_ _ee\"> </span>18,300<span class=\"_ _2b7\"> </span></span>Less: revenue arising on contracts in scope of IFRS 9<span class=\"_ _2b7\"> </span>included in business performance<span class=\"_ _17e\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>(9,896) <span class=\"_ _f\"> </span></span> <span class=\"_ _e4\"> </span>(3,556)<span class=\"_ _2b7\"> </span>Group Revenue<span class=\"_ _17f\"> </span><span class=\"fcf\"> <span class=\"_ _61\"> </span>23,741 <span class=\"_ _180\"> </span><span class=\"ff6b\"> <span class=\"_ _ee\"> </span>14,744<span class=\"_ _2b7\"> </span></span></span>The table below shows the Group revenue arising from contracts with customers, and therefore in the scope of <span class=\"_ _1\"></span>IFRS 15, and revenue<span class=\"_ _2b7\"> </span>arising from contracts in the scope of other standards. The key economic factors impacting the nature, timing and uncertainty of revenue<span class=\"_ _2b7\"> </span>and cash flows are considered to be driven by the type and broad geographical location of the customer. The analysis of IFRS 15 revenue<span class=\"_ _2b7\"> </span>below reflects these factors.<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>Revenue from<span class=\"_ _2b7\"> </span>contracts with<span class=\"_ _2b7\"> </span>customers in<span class=\"_ _2b7\"> </span>scope of IFRS 15<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Revenue from<span class=\"_ _2b7\"> </span>fixed-fee service<span class=\"_ _2b7\"> </span>and insurance<span class=\"_ _2b7\"> </span>contracts in<span class=\"_ _2b7\"> </span>scope of IFRS 4,<span class=\"_ _2b7\"> </span>and leasing<span class=\"_ _2b7\"> </span>contracts in<span class=\"_ _2b7\"> </span>scope of IFRS 16<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Group revenue<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Revenue in<span class=\"_ _2b7\"> </span>business<span class=\"_ _2b7\"> </span>performance<span class=\"_ _2b7\"> </span>arising from<span class=\"_ _2b7\"> </span>contracts in<span class=\"_ _2b7\"> </span>scope of IFRS 9<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Group revenue<span class=\"_ _2b7\"> </span>included in<span class=\"_ _2b7\"> </span>business<span class=\"_ _2b7\"> </span>performance<span class=\"_ _2b7\"> </span>Energy services and solutions<span class=\"_ _143\"> </span><span class=\"ff66\"> <span class=\"_ _85\"> </span>625<span class=\"_ _2b7\"> </span></span>British Gas Services &amp; Solutions<span class=\"_ _133\"> </span><span class=\"fcf\"> <span class=\"_ _b5\"> </span>625 <span class=\"_ _9e\"> </span> <span class=\"_ _23\"> </span>852 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>1,477 <span class=\"_ _141\"> </span> <span class=\"_ _53\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>1,477<span class=\"_ _2b7\"> </span></span>Energy supply \u2013 UK<span class=\"_ _db\"> </span><span class=\"ff66\"> <span class=\"_ _8\"> </span>13,096<span class=\"_ _2b7\"> </span></span>British Gas Energy<span class=\"_ _181\"> </span><span class=\"fcf\"> <span class=\"_ _109\"> </span>13,096 <span class=\"_ _141\"> </span> <span class=\"_ _117\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _68\"> </span>13,096 <span class=\"_ _141\"> </span> <span class=\"_ _53\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _68\"> </span>13,096<span class=\"_ _2b7\"> </span></span>Energy supply \u2013 Republic of Ireland<span class=\"_ _17d\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>1,323<span class=\"_ _2b7\"> </span></span>Bord G\u00e1is Energy<span class=\"_ _182\"> </span><span class=\"fcf\"> <span class=\"_ _55\"> </span>1,323 <span class=\"_ _141\"> </span> <span class=\"_ _53\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>1,323 <span class=\"_ _141\"> </span> <span class=\"_ _23\"> </span>448 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>1,771<span class=\"_ _2b7\"> </span></span>Energy supply \u2013 UK<span class=\"_ _db\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>1,465<span class=\"_ _2b7\"> </span></span>Energy services<span class=\"_ _182\"> </span><span class=\"ff66\"> <span class=\"_ _85\"> </span>249<span class=\"_ _2b7\"> </span></span>Centrica Business Solutions<span class=\"_ _34\"> </span><span class=\"fcf\"> <span class=\"_ _55\"> </span>1,714 <span class=\"_ _141\"> </span> <span class=\"_ _b5\"> </span>14 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>1,728 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>1,253 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>2,981<span class=\"_ _2b7\"> </span></span>Energy sales to trading and energy procurement counterparties<span class=\"_ _ab\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>5,639<span class=\"_ _2b7\"> </span></span>Energy Marketing &amp; Trading<span class=\"_ _c3\"> </span><span class=\"fcf\"> <span class=\"_ _55\"> </span>5,639 <span class=\"_ _141\"> </span> <span class=\"_ _b5\"> </span>16 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>5,655 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>8,567 <span class=\"_ _8a\"> </span> <span class=\"_ _68\"> </span>14,222<span class=\"_ _2b7\"> </span></span>Gas and liquid production<span class=\"_ _134\"> </span><span class=\"ff66\"> <span class=\"_ _85\"> </span>462<span class=\"_ _2b7\"> </span></span>Upstream<span class=\"_ _183\"> </span><span class=\"fcf\"> <span class=\"_ _85\"> </span>462 <span class=\"_ _141\"> </span> <span class=\"_ _53\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _23\"> </span>462 <span class=\"_ _9e\"> </span> <span class=\"_ _2a\"> </span>(372) <span class=\"_ _8f\"> </span> <span class=\"_ _85\"> </span>90</span> <span class=\"_ _109\"> </span>22,859 <span class=\"_ _141\"> </span> <span class=\"_ _b3\"> </span>882 <span class=\"_ _8a\"> </span> <span class=\"_ _68\"> </span>23,741 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>9,896 <span class=\"_ _141\"> </span> <span class=\"_ _68\"> </span>33,637<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _ab\"> </span>The Group has recognised \u00a31,539 million of revenue from t<span class=\"_ _1\"></span>he Government in relation to the Energy Price Guarantee scheme for domestic customers in the British Gas<span class=\"_ _2b7\"> </span>Energy segment. A further \u00a3219 million of revenue has been recognised in respect of the Energy Bill Relief S<span class=\"_ _1\"></span>cheme. \u00a3175 million of this total relates to Centrica Business<span class=\"_ _2b7\"> </span>Solutions customers and \u00a344 million relates to non-domestic customers in the British Gas Energy segment. A further \u00a31,125 million was received, and provided t<span class=\"_ _b\"></span>o<span class=\"_ _2b7\"> </span>customers of the British Gas Energy segment in respect of the Government\u2019s Energy Bill Support Scheme resulting in a net \u00a3nil presentation in the Group\u2019<span class=\"_ _b\"></span>s income<span class=\"_ _2b7\"> </span>statement, see note 1.<span class=\"_ _2b7\"> </span><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:578.9032px;\">4.<span class=\"_ _178\"> </span>Segmental analysis<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:468.66516px; bottom:552.20123px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:463.4762px;\">Year ended 31 December<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:318.73837px; bottom:500.9162px;\">Revenue from<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:317.33087px; bottom:491.5562px;\">contracts with<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:322.3394px; bottom:482.19623px;\">customers in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:306.77747px; bottom:472.83624px;\">scope of IFRS 15<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:355.43387px; bottom:463.4762px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:389.47137px; bottom:538.3562px;\">Revenue from<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:381.34665px; bottom:528.9963px;\">fixed-fee service<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:389.47137px; bottom:519.6362px;\">and insurance<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:396.70093px; bottom:510.27625px;\">contracts in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:380.2414px; bottom:500.9162px;\">scope of IFRS 4,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:398.49637px; bottom:491.5562px;\">and leasing<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:396.70093px; bottom:482.19623px;\">contracts in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:377.5418px; bottom:472.83624px;\">scope of IFRS 16<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:427.50458px; bottom:463.4762px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:457.15247px; bottom:472.83624px;\">Group revenue<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:498.41138px; bottom:463.4762px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:541.64105px; bottom:519.6362px;\">Revenue in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:549.0159px; bottom:510.27625px;\">business<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:536.3386px; bottom:500.9162px;\">performance<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:539.3072px; bottom:491.5562px;\">arising from<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:539.3072px; bottom:482.19623px;\">contracts in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:524.02136px; bottom:472.83624px;\">scope of IFRS 9<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:569.589px; bottom:463.4762px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:599.6309px; bottom:500.9162px;\">Group revenu<span class=\"_ _2b7\"> </span>e </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:613.5628px; bottom:491.5562px;\">included i<span class=\"_ _2b7\"> </span>n </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:620.1908px; bottom:482.19623px;\">busines<span class=\"_ _2b7\"> </span>s </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:606.5416px; bottom:472.83624px;\">performance<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:463.4762px;\">\u00a3<span class=\"_ _2b7\"> </span>m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:448.43518px;\">Energy services and solutions</div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:302.49176px; bottom:448.9292px;\"> <span class=\"_ _b3\"> </span>554<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:432.8352px;\">British Gas Services &amp; Solutions</div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:302.49176px; bottom:433.32922px;\"> <span class=\"_ _b3\"> </span>554 <span class=\"_ _8a\"> </span> <span class=\"_ _b3\"> </span>906 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>1,460 <span class=\"_ _8a\"> </span> <span class=\"_ _117\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _8\"> </span>1,46<span class=\"_ _2b7\"> </span>0 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:417.23523px;\">Energy supply \u2013 UK</div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:302.49176px; bottom:417.72925px;\"> <span class=\"_ _109\"> </span>7,513<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:401.6352px;\">British Gas Energy</div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:302.49176px; bottom:402.1292px;\"> <span class=\"_ _109\"> </span>7,513 <span class=\"_ _8a\"> </span> <span class=\"_ _117\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>7,513 <span class=\"_ _141\"> </span> <span class=\"_ _117\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>7,51<span class=\"_ _2b7\"> </span>3 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:386.03522px;\">Energy supply \u2013 Republic of Ireland</div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:302.49176px; bottom:386.52924px;\"> <span class=\"_ _b3\"> </span>903<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:370.43518px;\">Bord G\u00e1is Energy</div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:302.49176px; bottom:370.9292px;\"> <span class=\"_ _b3\"> </span>903 <span class=\"_ _8a\"> </span> <span class=\"_ _117\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b3\"> </span>903 <span class=\"_ _8a\"> </span> <span class=\"_ _b3\"> </span>208 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>1,11<span class=\"_ _2b7\"> </span>1 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:354.8352px;\">Energy supply \u2013 UK</div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:302.49176px; bottom:355.32922px;\"> <span class=\"_ _b3\"> </span>944<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:339.23523px;\">Energy services</div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:302.49176px; bottom:339.72925px;\"> <span class=\"_ _b3\"> </span>297<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:323.6352px;\">Centrica Business Solutions</div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:302.49176px; bottom:324.1292px;\"> <span class=\"_ _109\"> </span>1,241 <span class=\"_ _8a\"> </span> <span class=\"_ _f1\"> </span>7 <span class=\"_ _8e\"> </span> <span class=\"_ _8\"> </span>1,248 <span class=\"_ _8a\"> </span> <span class=\"_ _b3\"> </span>705 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>1,95<span class=\"_ _2b7\"> </span>3 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:308.03522px;\">Energy sales to trading and energy procurement counterparties</div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:302.49176px; bottom:308.52924px;\"> <span class=\"_ _109\"> </span>2,825<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:292.43518px;\">Energy Marketing &amp; Trading</div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:302.49176px; bottom:292.9292px;\"> <span class=\"_ _109\"> </span>2,825 <span class=\"_ _8a\"> </span> <span class=\"_ _85\"> </span>35 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>2,860 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>3,008 <span class=\"_ _8a\"> </span> <span class=\"_ _8\"> </span>5,86<span class=\"_ _2b7\"> </span>8 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:276.8352px;\">Gas and liquid production</div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:302.49176px; bottom:277.32922px;\"> <span class=\"_ _b3\"> </span>760<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:261.23523px;\">Upstream</div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:302.49176px; bottom:261.72925px;\"> <span class=\"_ _b3\"> </span>760 <span class=\"_ _8a\"> </span> <span class=\"_ _117\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b3\"> </span>760 <span class=\"_ _8a\"> </span> <span class=\"_ _55\"> </span>(365) <span class=\"_ _106\"> </span> <span class=\"_ _b3\"> </span>395 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:302.49176px; bottom:246.12921px;\"> <span class=\"_ _68\"> </span>13,796 <span class=\"_ _8a\"> </span> <span class=\"_ _b3\"> </span>948 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>14,744 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>3,556 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>18,30<span class=\"_ _2b7\"> </span>0 </div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:217.78918px;\">Geographical analysis of revenue and non-current assets<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:203.90521px;\">The Group monitors and manages performance by reference to its operating segments and not solely on a geographical basis. However,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:190.4892px;\">provided below is an analysis of revenue and certain non-current assets by geography<span class=\"_ _1\"></span><span class=\"ff6d\">.<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:434.63467px; bottom:171.49622px;\">Group revenue<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:405.9946px; bottom:162.1362px;\">(based on location of customer)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:558.8494px; bottom:171.49622px;\">Non-current assets<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:539.3072px; bottom:162.1362px;\">(based on location of assets)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hed ff6b fs64 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:164.9208px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:138.7362px;\">Year ended 31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:439.99237px; bottom:148.09622px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:445.67038px; bottom:138.7362px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:502.20728px; bottom:148.09622px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:508.53656px; bottom:138.7362px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:572.51605px; bottom:148.09622px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:577.09424px; bottom:138.7362px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:148.09622px;\">202<span class=\"_ _2b7\"> </span>1<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:138.7362px;\">\u00a3<span class=\"_ _2b7\"> </span>m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:123.69522px;\">Continuing operations<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:108.095215px;\">UK</div><div class=\"t m0 hee ff6f fs1d fcf sc0 ls0 ws0\" style=\"left:402.38077px; bottom:108.4462px;\"> <span class=\"_ _b7\"> </span>17,480 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _7b\"> </span>10,891 <span class=\"_ _12\"> </span></span> <span class=\"_ _4a\"> </span>3,827 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _4a\"> </span>4,20<span class=\"_ _2b7\"> </span></span><span class=\"ff6d\">3 </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:92.49521px;\">Republic of Ireland</div><div class=\"t m0 hee ff6f fs1d fcf sc0 ls0 ws0\" style=\"left:402.38077px; bottom:92.84616px;\"> <span class=\"_ _4a\"> </span>1,323 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _78\"> </span>903 <span class=\"_ _12\"> </span></span> <span class=\"_ _78\"> </span>152 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _78\"> </span>13<span class=\"_ _2b7\"> </span></span><span class=\"ff6d\">9 </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:76.89523px;\">Scandinavia (including Denmark)</div><div class=\"t m0 hee ff6f fs1d fcf sc0 ls0 ws0\" style=\"left:402.38077px; bottom:77.246155px;\"> <span class=\"_ _4a\"> </span>1,473 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _78\"> </span>894 <span class=\"_ _12\"> </span></span> <span class=\"_ _78\"> </span>181 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _78\"> </span>17<span class=\"_ _2b7\"> </span></span><span class=\"ff6d\">3 </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:61.295227px;\">North America</div><div class=\"t m0 hee ff6f fs1d fcf sc0 ls0 ws0\" style=\"left:402.38077px; bottom:61.64618px;\"> <span class=\"_ _78\"> </span>867 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _78\"> </span>413 <span class=\"_ _12\"> </span></span> <span class=\"_ _b8\"> </span>14 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _b8\"> </span>2<span class=\"_ _2b7\"> </span></span><span class=\"ff6d\">5 </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:45.69522px;\">Rest of the world</div><div class=\"t m0 hee ff6f fs1d fcf sc0 ls0 ws0\" style=\"left:402.38077px; bottom:46.046173px;\"> <span class=\"_ _4a\"> </span>2,598 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _4a\"> </span>1,643 <span class=\"_ _12\"> </span></span> <span class=\"_ _78\"> </span>353 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _78\"> </span>33</span><span class=\"ff6d\">2 </span></div><div class=\"t m0 hee ff6f fs1d fcf sc0 ls0 ws0\" style=\"left:402.38077px; bottom:30.446167px;\"> <span class=\"_ _b7\"> </span>23,741 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _7b\"> </span>14,744 <span class=\"_ _12\"> </span></span> <span class=\"_ _4a\"> </span>4,527 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _4a\"> </span>4,87<span class=\"_ _2b7\"> </span></span><span class=\"ff6d\">2 </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:11.856201px;\">(i)<span class=\"_ _ab\"> </span>Non-current assets comprise goodwill, other <span class=\"_ _1\"></span>intangible assets, PP&amp;E, interests in joint ventures and associates and non-financial assets within trade and other<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:1.716217px;\">receivables, and contract-related assets. Assets of disposal groups held for sale are not included.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:446.49695px;\">4.<span class=\"_ _178\"> </span>Segmental analysis<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:427.59497px;\">(c)<span class=\"_ _a9\"> </span>Adjusted gross margin and adjusted operating profit<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:392.76794px;\">The measure of profit used by the Group is adjusted operating profit. Adjusted operating profit is operating profit<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:379.508px;\">before exceptional items and certain re-measurements. This includes business performance results of equity-<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:366.248px;\">accounted interests.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:346.48798px;\">This note also details adjusted gross margin. Both measures are reconciled to their statutory equivalents.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fc12 sc0 ls0 ws0\" style=\"left:417.73636px; bottom:309.711px;\">Adjusted gross margin<span class=\"_ _58\"> </span>Adjusted operating profit<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:285.56995px;\">Year ended 31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:433.56738px; bottom:295.37195px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:438.94275px; bottom:286.0119px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:502.20728px; bottom:295.37195px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:508.53656px; bottom:286.0119px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:565.1924px; bottom:295.37195px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:570.64496px; bottom:286.0119px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:295.37195px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:286.0119px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:270.776px;\">British Gas Services &amp; Solutions<span class=\"_ _d0\"> </span> <span class=\"_ _78\"> </span>504 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _10d\"> </span>574 <span class=\"_ _8a\"> </span></span> <span class=\"_ _bc\"> </span>(9) <span class=\"_ _8f\"> </span><span class=\"ff6b\"> <span class=\"_ _10d\"> </span>121<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:255.17596px;\">British Gas Energy<span class=\"_ _166\"> </span> <span class=\"_ _81\"> </span>1,114 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _51\"> </span>849 <span class=\"_ _8a\"> </span></span> <span class=\"_ _9a\"> </span>72 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _10d\"> </span>118<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:239.57599px;\">Bord G\u00e1is Energy<span class=\"_ _43\"> </span> <span class=\"_ _b4\"> </span>160 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _10d\"> </span>136 <span class=\"_ _8a\"> </span></span> <span class=\"_ _b8\"> </span>31 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _58\"> </span>28<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:223.97595px;\">Centrica Business Solutions<span class=\"_ _184\"> </span> <span class=\"_ _b4\"> </span>238 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _51\"> </span>143 <span class=\"_ _8a\"> </span></span> <span class=\"_ _9a\"> </span>44 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _5b\"> </span>(52)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:208.37598px;\">Energy Marketing &amp; Trading<span class=\"_ _2b\"> </span> <span class=\"_ _81\"> </span>1,558 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _51\"> </span>242 <span class=\"_ _8a\"> </span></span> <span class=\"_ _81\"> </span>1,400 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _58\"> </span>70<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:192.776px;\">Upstream<span class=\"_ _185\"> </span> <span class=\"_ _81\"> </span>1,874 <span class=\"_ _8a\"> </span><span class=\"ff6b\"> <span class=\"_ _51\"> </span>926 <span class=\"_ _8a\"> </span></span> <span class=\"_ _81\"> </span>1,793 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _51\"> </span>663<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:177.17596px;\">Segmental adjusted gross margin/adjusted operating profit<span class=\"_ _115\"> </span> <span class=\"_ _81\"> </span>5,448 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _a0\"> </span>2,870 <span class=\"_ _8a\"> </span></span> <span class=\"_ _4a\"> </span>3,331 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _51\"> </span>948<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:161.57599px;\">Reconciling items to Group Income Statement:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:145.97595px;\">Profit share<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hde ff66 fs63 fcf sc0 ls0 ws0\" style=\"left:70.19632px; bottom:149.45673px;\">(i)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:395.30615px; bottom:145.97595px;\"> <span class=\"_ _bc\"> </span>(9) <span class=\"_ _8f\"> </span><span class=\"ff6b\"> <span class=\"_ _e8\"> </span>\u2014 <span class=\"_ _141\"> </span></span> <span class=\"_ _48\"> </span>(23) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _e8\"> </span>\u2014<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:130.37598px;\">Total Group adjusted gross margin/adjusted operating profit<span class=\"_ _a7\"> </span> <span class=\"_ _81\"> </span>5,439 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _a0\"> </span>2,870 <span class=\"_ _8a\"> </span></span> <span class=\"_ _4a\"> </span>3,308 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _51\"> </span>948<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:114.776px;\">Certain re-measurements:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:21.827087px; bottom:99.175964px;\">Onerous energy supply contract provision movement<span class=\"_ _154\"> </span><span class=\"ff66\"> <span class=\"_ _81\"> </span>1,766 <span class=\"_ _8a\"> </span></span> <span class=\"_ _7c\"> </span>(2,530) <span class=\"_ _8f\"> </span><span class=\"ff66\"> <span class=\"_ _81\"> </span>1,766 <span class=\"_ _141\"> </span></span> <span class=\"_ _7c\"> </span>(2,530)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:21.827087px; bottom:83.57599px;\">Derivative contracts<span class=\"_ _186\"> </span><span class=\"ff66\"> <span class=\"_ _7e\"> </span>(5,160) <span class=\"_ _187\"> </span></span>1,289<span class=\"_ _147\"> </span><span class=\"ff66\"> <span class=\"_ _7e\"> </span>(5,160) <span class=\"_ _187\"> </span></span>1,289<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:21.827087px; bottom:67.97595px;\">Share of re-measurement of certain associates\u2019 energy contracts (net of taxation)<span class=\"_ _e2\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span></span> <span class=\"_ _e8\"> </span>\u2014 <span class=\"_ _8a\"> </span><span class=\"ff66\"> <span class=\"_ _2e\"> </span>1 <span class=\"_ _141\"> </span></span> <span class=\"_ _e8\"> </span>\u2014<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:52.375977px;\">Gross profit<span class=\"_ _188\"> </span> <span class=\"_ _81\"> </span>2,045 <span class=\"_ _8a\"> </span><span class=\"ff6b\"> <span class=\"_ _a0\"> </span>1,629<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:21.827087px; bottom:36.77597px;\">Exceptional items in operating profit<span class=\"_ _189\"> </span><span class=\"ff66\"> <span class=\"_ _30\"> </span>(155) <span class=\"_ _106\"> </span></span> <span class=\"_ _a0\"> </span>1,247<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:21.175964px;\">Operating (loss)/profit after exceptional items and certain re-measurements<span class=\"_ _a5\"> </span> <span class=\"_ _26\"> </span>(240) <span class=\"_ _21\"> </span><span class=\"ff6b\">954<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:1.7149658px;\">(i)<span class=\"_ _ab\"> </span>The impact of the Group\u2019s profit share <span class=\"_ _1\"></span>is excluded because management considers it unrelated to segmental business performance.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:410.53833px;\">4. <span class=\"_ _11c\"> </span>Segmental analysis<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:391.63635px;\">(d) <span class=\"_ _13e\"> </span>Included within adjusted operating profit<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:365.1684px;\">Presented below are certain items included within adjusted operating profit, including a summary of impairments of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:351.90833px;\">property, plant and equipment and write-downs relating to exploration and evaluation assets.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:396.70093px; bottom:327.66333px;\">Depreciation and impairments of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:400.34497px; bottom:318.30328px;\">property, plant and equipment<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:536.3386px; bottom:327.66333px;\">Amortisation, write-downs and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:544.1025px; bottom:318.30328px;\">impairments of intangibles<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:294.46136px;\">Year ended 31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:432.51346px; bottom:304.2633px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:437.79745px; bottom:294.90332px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:497.11304px; bottom:304.2633px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:504.05505px; bottom:294.90332px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:568.1972px; bottom:304.2633px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:575.7434px; bottom:294.90332px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:304.2633px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:294.90332px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:279.66736px;\">British Gas Services &amp; Solutions</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:390.52048px; bottom:279.42035px;\"> <span class=\"_ _9a\"> </span>(31) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _2a\"> </span>(29) <span class=\"_ _13e\"> </span></span> <span class=\"_ _9a\"> </span>(16) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _55\"> </span>(14)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:264.06738px;\">British Gas Energy</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:390.52048px; bottom:263.8203px;\"> <span class=\"_ _4d\"> </span>(3) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _4f\"> </span>(5) <span class=\"_ _13e\"> </span></span> <span class=\"_ _b8\"> </span>(79) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _55\"> </span>(91)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:248.46735px;\">Bord G\u00e1is Energy</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:390.52048px; bottom:248.22034px;\"> <span class=\"_ _4d\"> </span>(8) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _4f\"> </span>(5) <span class=\"_ _13e\"> </span></span> <span class=\"_ _b8\"> </span>(13) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _55\"> </span>(13)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:232.86737px;\">Centrica Business Solutions</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:390.52048px; bottom:232.62036px;\"> <span class=\"_ _9a\"> </span>(13) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _2a\"> </span>(14) <span class=\"_ _13e\"> </span></span> <span class=\"_ _9a\"> </span>(32) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _55\"> </span>(34)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:217.26733px;\">Energy Marketing &amp; Trading</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:390.52048px; bottom:217.02032px;\"> <span class=\"_ _9a\"> </span>(31) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _2a\"> </span>(38) <span class=\"_ _13e\"> </span></span> <span class=\"_ _9a\"> </span>(15) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _55\"> </span>(11)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:201.66736px;\">Upstream</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:390.52048px; bottom:201.42035px;\"> <span class=\"_ _b4\"> </span>(481) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _109\"> </span>(461) <span class=\"_ _13e\"> </span></span> <span class=\"_ _b3\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _55\"> </span>(25)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:186.06738px;\">Other<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hde ff66 fs63 fcf sc0 ls0 ws0\" style=\"left:40.7959px; bottom:189.5481px;\">(i)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:390.52048px; bottom:185.82031px;\"> <span class=\"_ _9a\"> </span>(31) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _2a\"> </span>(31) <span class=\"_ _13e\"> </span></span> <span class=\"_ _9a\"> </span>(24) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _55\"> </span>(28)</span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:390.52048px; bottom:170.46735px;\"> <span class=\"_ _b4\"> </span>(598) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _109\"> </span>(583) <span class=\"_ _13e\"> </span></span> <span class=\"_ _b4\"> </span>(179) <span class=\"_ _8f\"> </span><span class=\"ff6b\"> <span class=\"_ _109\"> </span>(216)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:152.95636px;\">(i)<span class=\"_ _ab\"> </span>The Other segment includes corporate functions, <span class=\"_ _1\"></span>subsequently recharged.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:129.27032px;\">Impairments and write-downs of PP&amp;E<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:116.010315px;\">During 2022, \u00a388 million of impairments of PP&amp;E (2021: \u00a33 million) w<span class=\"_ _b\"></span>ere recognised within business performance \u2013 \u00a384 million in the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:102.75037px;\">Upstream segment and \u00a34 million in the Other segment. Included in the Upstream segment write-down was \u00a364 million related to an infill<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:89.49036px;\">well that was dry, and a \u00a320 million impairment associated with a producing field whose recoverable amounts reduced during the year due<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:76.23035px;\">to worsening economics.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:59.070312px;\">Write-downs and impairments of intangible assets<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:45.810303px;\">During 2022, there were no write-downs relating to exploration and evaluation asset dry holes (<span class=\"_ _1\"></span>2021: \u00a325 million) recognised in the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:32.550354px;\">Upstream segment. All such prior year write-downs were recognised within business performance as they were not deemed exceptional in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:19.290344px;\">nature. During 2022, \u00a320 million of other intangible assets were impaired within business performance (<span class=\"_ _1\"></span>2021: \u00a33 million).<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1303406px;\">The recoverable amount of these assets was \u00a3nil.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:372.7782px;\">4.<span class=\"_ _178\"> </span>Segmental analysis<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:353.87622px;\">(e) <span class=\"_ _c5\"> </span>Capital expenditure<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:324.48322px;\">Capital expenditure represents additions, other than assets acquired as part of business combinations, to property,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:311.2232px;\">plant and equipment and intangible assets. Capital expenditure has been reconciled to the related cash outflow.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fc12 sc0 ls0 ws0\" style=\"left:403.67722px; bottom:276.25317px;\">Capital expenditure on property,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fc12 sc0 ls0 ws0\" style=\"left:424.06555px; bottom:266.8932px;\">plant and equipment<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fc12 sc0 ls0 ws0\" style=\"left:533.404px; bottom:276.25317px;\">Capital expenditure on intangible<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fc12 sc0 ls0 ws0\" style=\"left:546.3457px; bottom:266.8932px;\">assets other than goodwill<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:243.05121px;\">Year ended 31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:435.9634px; bottom:252.41125px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:442.44363px; bottom:243.05121px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:501.07233px; bottom:252.85321px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:508.53656px; bottom:243.49316px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:568.1972px; bottom:252.85321px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:574.04535px; bottom:243.49316px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:252.85321px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:639.75323px; bottom:243.49316px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:228.2572px;\">British Gas Services &amp; Solutions<span class=\"_ _17e\"> </span> <span class=\"_ _5d\"> </span>52 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _23\"> </span>32 <span class=\"_ _a9\"> </span></span> <span class=\"_ _48\"> </span>25 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _23\"> </span>20<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:212.65723px;\">British Gas Energy<span class=\"_ _18a\"> </span> <span class=\"_ _31\"> </span>\u2014 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _f5\"> </span>\u2014 <span class=\"_ _a9\"> </span></span> <span class=\"_ _30\"> </span>582 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _187\"> </span>474<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:197.05725px;\">Bord G\u00e1is Energy<span class=\"_ _14b\"> </span> <span class=\"_ _bc\"> </span>3 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _23\"> </span>40 <span class=\"_ _a9\"> </span></span> <span class=\"_ _bc\"> </span>4 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _b5\"> </span>6<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:181.45721px;\">Centrica Business Solutions<span class=\"_ _18b\"> </span> <span class=\"_ _48\"> </span>47 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _23\"> </span>17 <span class=\"_ _a9\"> </span></span> <span class=\"_ _30\"> </span>205 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>166<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:165.85724px;\">Energy Marketing &amp; Trading<span class=\"_ _18c\"> </span> <span class=\"_ _31\"> </span>\u2014 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _f5\"> </span>\u2014 <span class=\"_ _a9\"> </span></span> <span class=\"_ _22\"> </span>14 <span class=\"_ _8a\"> </span><span class=\"ff6b\"> <span class=\"_ _b3\"> </span>34<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:150.2572px;\">Upstream<span class=\"_ _18d\"> </span> <span class=\"_ _30\"> </span>124 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>238 <span class=\"_ _a9\"> </span></span> <span class=\"_ _48\"> </span>13 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _23\"> </span>51<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:134.65723px;\">Other<span class=\"_ _18e\"> </span> <span class=\"_ _48\"> </span>26 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _b5\"> </span>8 <span class=\"_ _a9\"> </span></span> <span class=\"_ _187\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _5b\"> </span>\u2014<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:119.05725px;\">Capital expenditure<span class=\"_ _18f\"> </span> <span class=\"_ _30\"> </span>252 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>335 <span class=\"_ _a9\"> </span></span> <span class=\"_ _30\"> </span>843 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>751<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:21.827087px; bottom:103.210205px;\">Capitalised borrowing costs</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:400.34497px; bottom:103.457214px;\"> <span class=\"_ _31\"> </span>\u2014 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _21\"> </span>(8) <span class=\"_ _ab\"> </span></span> <span class=\"_ _187\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _5b\"> </span>\u2014<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:21.827087px; bottom:87.61023px;\">Inception of new leases and movements in payables and prepayments related to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:21.827087px; bottom:75.91022px;\">capital expenditure</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:400.34497px; bottom:82.0072px;\"> <span class=\"_ _78\"> </span>(49) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _2a\"> </span>(49) <span class=\"_ _ab\"> </span></span> <span class=\"_ _bc\"> </span>5 <span class=\"_ _8a\"> </span><span class=\"ff6b\"> <span class=\"_ _b3\"> </span>24<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:21.827087px; bottom:60.31018px;\">Capital expenditure cash outflow subsequent to transfer to held for sale</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:400.34497px; bottom:60.55725px;\"> <span class=\"_ _30\"> </span>109 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _23\"> </span>21 <span class=\"_ _a9\"> </span></span> <span class=\"_ _48\"> </span>10 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _5b\"> </span>\u2014<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:21.827087px; bottom:44.710205px;\">Purchases of emissions allowances and renewable obligation certificates (note 15)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:381.34665px; bottom:48.190918px;\">(i)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:400.34497px; bottom:44.957214px;\"> <span class=\"_ _31\"> </span>\u2014 <span class=\"_ _9e\"> </span><span class=\"ff6b\"> <span class=\"_ _f5\"> </span>\u2014 <span class=\"_ _a9\"> </span></span> <span class=\"_ _77\"> </span>(799) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _109\"> </span>(654)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:29.357239px;\">Net cash outflow</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:400.34497px; bottom:29.11023px;\"> <span class=\"_ _30\"> </span>312 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>299 <span class=\"_ _a9\"> </span></span> <span class=\"_ _48\"> </span>59 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>121<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:11.846191px;\">(i)<span class=\"_ _ab\"> </span>Purchases of emissions allowances and renewable <span class=\"_ _b\"></span>obligation certificates of \u00a3578 million (2021: \u00a3472 million) <span class=\"_ _b\"></span>in British Gas Energy, \u00a3203 million (2021: \u00a3155 million) in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:1.7062378px;\">Centrica Business Solutions, \u00a313 million (2021: \u00a3nil) in Upstream, and \u00a35 million (<span class=\"_ _1\"></span>2021: \u00a327 million) in Energy Marketing &amp; Trading.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:660.2157px;\">4.<span class=\"_ _178\"> </span>Segmental analysis<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:641.3137px;\">(f) <span class=\"_ _a9\"> </span>Free cash flow<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:611.1407px;\">Free cash flow is used by management to assess the cash generating performance of each segment, after ta<span class=\"_ _1\"></span>king<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:597.8807px;\">account of the need to maintain its capital asset base. By excluding deficit reduction payments and movements in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:584.6207px;\">collateral and margin cash, which are predominantly triggered by wider market factors, and in the case of colla<span class=\"_ _1\"></span>teral and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:571.3607px;\">margin movements, represent timing movements, free cash flow is used by management as an adjusted measure of the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:558.1007px;\">cash generation of the business. Free cash flow excludes investing cash flows that are related to adjusted net debt/<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:544.8407px;\">cash. This measure is reconciled to the net cash flow from operating and investing activities.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:499.2887px;\">Year ended 31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:565.1924px; bottom:509.0907px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:572.51605px; bottom:499.73065px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:509.0907px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:499.73065px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:484.49475px;\">Continuing operations<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:468.8947px;\">British Gas Services &amp; Solutions<span class=\"_ _190\"> </span> <span class=\"_ _48\"> </span>(19) </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:468.6477px;\"> <span class=\"_ _104\"> </span>170<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:453.29474px;\">British Gas Energy</div><div class=\"t m0 hde ff66 fs63 fcf sc0 ls0 ws0\" style=\"left:99.44098px; bottom:456.77545px;\"> (i)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:527.03516px; bottom:453.29474px;\"> <span class=\"_ _81\"> </span>1,283 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:453.04773px;\"> <span class=\"_ _2a\"> </span>16<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:437.6947px;\">Bord G\u00e1is Energy<span class=\"_ _191\"> </span> <span class=\"_ _9a\"> </span>81 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:437.4477px;\"> <span class=\"_ _2e\"> </span>3<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:422.09473px;\">Centrica Business Solutions<span class=\"_ _192\"> </span> <span class=\"_ _48\"> </span>(48) </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:421.84772px;\"> <span class=\"_ _2a\"> </span>22<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:406.49475px;\">Energy Marketing &amp; Trading<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hde ff66 fs63 fcf sc0 ls0 ws0\" style=\"left:144.80617px; bottom:409.97546px;\">(ii)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:527.03516px; bottom:406.49475px;\"> <span class=\"_ _b4\"> </span>199 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:406.24768px;\"> <span class=\"_ _104\"> </span>206<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:390.8947px;\">Upstream<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hde ff66 fs63 fcf sc0 ls0 ws0\" style=\"left:61.301582px; bottom:394.37543px;\">(iii)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:527.03516px; bottom:390.8947px;\"> <span class=\"_ _81\"> </span>1,539 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:390.6477px;\"> <span class=\"_ _104\"> </span>835<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:375.29474px;\">Other<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hde ff66 fs63 fcf sc0 ls0 ws0\" style=\"left:40.7959px; bottom:378.77545px;\">(iv)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:527.03516px; bottom:375.29474px;\"> <span class=\"_ _9a\"> </span>26 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:375.04773px;\"> <span class=\"_ _2a\"> </span>62<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:359.6947px;\">Segmental free cash flow excluding tax<span class=\"_ _193\"> </span> <span class=\"_ _81\"> </span>3,061 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:359.4477px;\"> <span class=\"_ _81\"> </span>1,314<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:344.09473px;\">Discontinued operations<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:328.49475px;\">Direct Energy<span class=\"_ _194\"> </span> <span class=\"_ _55\"> </span>\u2014 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:328.24768px;\"> <span class=\"_ _81\"> </span>2,597<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:312.8947px;\">Group total segmental free cash flow excluding tax<span class=\"_ _195\"> </span> <span class=\"_ _81\"> </span>3,061 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:312.6477px;\"> <span class=\"_ _81\"> </span>3,911<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:21.827087px; bottom:297.29474px;\">Taxes paid from continuing operations<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:191.70914px; bottom:300.77545px;\">(iii)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:527.03516px; bottom:297.29474px;\"> <span class=\"_ _30\"> </span>(574) </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:297.04773px;\"> <span class=\"_ _2c\"> </span>(140<span class=\"_ _2b7\"> </span>) </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:21.827087px; bottom:281.6947px;\">Taxes paid from discontinued operations<span class=\"_ _196\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>\u2014</span><span class=\"ff66\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:281.4477px;\"> <span class=\"_ _23\"> </span>(9<span class=\"_ _2b7\"> </span>) </div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:266.09473px;\">Group total free cash flow</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:527.03516px; bottom:265.84772px;\"> <span class=\"_ _81\"> </span>2,487 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>3,762<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:21.827087px; bottom:250.24771px;\">Less Discontinued operations free cash flow (including tax)<span class=\"_ _197\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _11c\"> </span></span> <span class=\"_ _14d\"> </span>(2,588<span class=\"_ _2b7\"> </span>) </div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:234.89471px;\">Free cash flow from continuing operations</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:527.03516px; bottom:234.6477px;\"> <span class=\"_ _81\"> </span>2,487 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,174<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:21.827087px; bottom:219.0477px;\">UK Pension deficit payments (note 22)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:527.03516px; bottom:219.29471px;\"> <span class=\"_ _30\"> </span>(214) </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:219.0477px;\"> <span class=\"_ _2c\"> </span>(368<span class=\"_ _2b7\"> </span>) </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:21.827087px; bottom:203.4477px;\">Movements in variation margin and collateral (note 24)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:527.03516px; bottom:203.69473px;\"> <span class=\"_ _7e\"> </span>(1,173) </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:203.4477px;\"> <span class=\"_ _104\"> </span>481<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:21.827087px; bottom:187.84772px;\">Interest received</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:527.03516px; bottom:188.09473px;\"> <span class=\"_ _9a\"> </span>46 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:187.84772px;\"> <span class=\"_ _2e\"> </span>2<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:21.827087px; bottom:172.49472px;\">Purchase and settlement of securities<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:187.29239px; bottom:175.97546px;\">(v)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:527.03516px; bottom:172.49472px;\"> <span class=\"_ _30\"> </span>(398) </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:172.24771px;\"> <span class=\"_ _23\"> </span>(3) </div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:527.03516px; bottom:156.6477px;\"> <span class=\"_ _b4\"> </span>748 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,286<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:141.29471px;\">Net cash flow from continuing operating activities</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:527.03516px; bottom:141.0477px;\"> <span class=\"_ _81\"> </span>1,314 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,611<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:125.69473px;\">Net cash flow used in continuing investing activities</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:527.03516px; bottom:125.44769px;\"> <span class=\"_ _30\"> </span>(566) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(325)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:110.09473px;\">Total cash flow from continuing operating and investing activities<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:566.2259px; bottom:109.84772px;\">748<span class=\"_ _113\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,286<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:90.63367px;\">(i)<span class=\"_ _ab\"> </span>The Group has received <span class=\"_ _b\"></span>\u00a3440 million under the Energy Bill Support Scheme during December 2022, which is disclosed as restricted cash (see note 1), and accelerated<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:80.49368px;\">cash flows of approximately \u00a3700 million under the Energy Price Guarantee<span class=\"_ _b\"></span>, when compared to the normal payment profile.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:68.40372px;\">(ii)<span class=\"_ _147\"> </span>Energy Marketing &amp; Trading free cash flow in 2022 includes cash outflows associated with increased gas in storage, and working capital movements of approximately<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:58.263733px;\">\u00a3500 million. Energy Marketing &amp; Trading adjusted operating profit includes a significant portion of unrealised derivative positions.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:46.173737px;\">(iii)<span class=\"_ _141\"> </span>Upstream free cash flow in 2022 includes inflows of \u00a3630 million relating to the Norwegian disposal groups, including its disposal cash flows. Realised hedge cash<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:36.03366px;\">outflows of \u00a3161 million (including \u00a388 million realising post completion) have been incurred relating to the Norwegian assets but were held out<span class=\"_ _b\"></span>side the disposal groups.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:25.893707px;\">\u00a3300 million of taxes paid relate to the Norwegian disposal groups.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:13.803711px;\">(iv)<span class=\"_ _8a\"> </span>The Other segment includes corporate functions.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:1.7137146px;\">(v)<span class=\"_ _14\"> </span>Purchase and settlement of securities includes outflows of \u00a3400 million of loans to the pension schemes. See note <span class=\"_ _1\"></span>22 for further details on pensions loans.<span class=\"_ _2b7\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-521": {
   "value": "(b)<span class=\"_ _a9\"> </span>Revenue<span class=\"_ _2b7\"> </span>Gross segment revenue includes revenue generated from the sale of products and services to other reportable<span class=\"_ _2b7\"> </span>segments of the Group. Group revenue reflects only the sale of products and services to third parties. Sales between<span class=\"_ _2b7\"> </span>reportable segments are conducted on an arm\u2019s length basis.<span class=\"_ _2b7\"> </span>2022<span class=\"_ _1e\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>Gross<span class=\"_ _2b7\"> </span>segment<span class=\"_ _2b7\"> </span>revenue<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Less inter-<span class=\"_ _2b7\"> </span>segment<span class=\"_ _2b7\"> </span>revenue<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Group<span class=\"_ _2b7\"> </span>revenue<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Gross<span class=\"_ _2b7\"> </span>segment<span class=\"_ _2b7\"> </span>revenue<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Less inter-<span class=\"_ _2b7\"> </span>segment<span class=\"_ _2b7\"> </span>revenue<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Group<span class=\"_ _2b7\"> </span>revenue<span class=\"_ _2b7\"> </span>British Gas Services &amp; Solutions<span class=\"_ _95\"> </span> <span class=\"_ _47\"> </span>1,527 <span class=\"_ _141\"> </span> <span class=\"_ _50\"> </span>(50) <span class=\"_ _8f\"> </span> <span class=\"_ _54\"> </span>1,477 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _54\"> </span>1,513 <span class=\"_ _8e\"> </span> <span class=\"_ _140\"> </span>(53) <span class=\"_ _106\"> </span> <span class=\"_ _54\"> </span>1,460<span class=\"_ _2b7\"> </span></span>British Gas Energy<span class=\"_ _177\"> </span> <span class=\"_ _61\"> </span>13,096 <span class=\"_ _141\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _ee\"> </span>13,096 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _54\"> </span>7,513 <span class=\"_ _8e\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>7,513<span class=\"_ _2b7\"> </span></span>Bord G\u00e1is Energy<span class=\"_ _1e\"> </span> <span class=\"_ _17b\"> </span>1,771 <span class=\"_ _141\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>1,771 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _54\"> </span>1,111 <span class=\"_ _8a\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>1,111<span class=\"_ _2b7\"> </span></span>Centrica Business Solutions<span class=\"_ _17c\"> </span> <span class=\"_ _17b\"> </span>3,000 <span class=\"_ _141\"> </span> <span class=\"_ _31\"> </span>(19) <span class=\"_ _106\"> </span> <span class=\"_ _17b\"> </span>2,981 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _54\"> </span>1,981 <span class=\"_ _8a\"> </span> <span class=\"_ _140\"> </span>(28) <span class=\"_ _106\"> </span> <span class=\"_ _54\"> </span>1,953<span class=\"_ _2b7\"> </span></span>Energy Marketing &amp; Trading<span class=\"_ _17d\"> </span> <span class=\"_ _61\"> </span>14,441 <span class=\"_ _141\"> </span> <span class=\"_ _10c\"> </span>(219) <span class=\"_ _106\"> </span> <span class=\"_ _61\"> </span>14,222 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _54\"> </span>6,082 <span class=\"_ _8a\"> </span> <span class=\"_ _a0\"> </span>(214) <span class=\"_ _8f\"> </span> <span class=\"_ _54\"> </span>5,868<span class=\"_ _2b7\"> </span></span>Upstream<span class=\"_ _dc\"> </span> <span class=\"_ _17b\"> </span>3,351 <span class=\"_ _141\"> </span> <span class=\"_ _14d\"> </span>(3,261) <span class=\"_ _106\"> </span> <span class=\"_ _55\"> </span>90 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _54\"> </span>2,282 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>(1,887) <span class=\"_ _8f\"> </span> <span class=\"_ _8\"> </span>395<span class=\"_ _2b7\"> </span></span>Group revenue included in business performance<span class=\"_ _86\"> </span> <span class=\"_ _ee\"> </span>37,186 <span class=\"_ _8a\"> </span> <span class=\"_ _14d\"> </span>(3,549) <span class=\"_ _106\"> </span> <span class=\"_ _ee\"> </span>33,637 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _ee\"> </span>20,482 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>(2,182) <span class=\"_ _106\"> </span> <span class=\"_ _ee\"> </span>18,300<span class=\"_ _2b7\"> </span></span>Less: revenue arising on contracts in scope of IFRS 9<span class=\"_ _2b7\"> </span>included in business performance<span class=\"_ _17e\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>(9,896) <span class=\"_ _f\"> </span></span> <span class=\"_ _e4\"> </span>(3,556)<span class=\"_ _2b7\"> </span>Group Revenue<span class=\"_ _17f\"> </span><span class=\"fcf\"> <span class=\"_ _61\"> </span>23,741 <span class=\"_ _180\"> </span><span class=\"ff6b\"> <span class=\"_ _ee\"> </span>14,744<span class=\"_ _2b7\"> </span></span></span>The table below shows the Group revenue arising from contracts with customers, and therefore in the scope of <span class=\"_ _1\"></span>IFRS 15, and revenue<span class=\"_ _2b7\"> </span>arising from contracts in the scope of other standards. The key economic factors impacting the nature, timing and uncertainty of revenue<span class=\"_ _2b7\"> </span>and cash flows are considered to be driven by the type and broad geographical location of the customer. The analysis of IFRS 15 revenue<span class=\"_ _2b7\"> </span>below reflects these factors.<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>Revenue from<span class=\"_ _2b7\"> </span>contracts with<span class=\"_ _2b7\"> </span>customers in<span class=\"_ _2b7\"> </span>scope of IFRS 15<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Revenue from<span class=\"_ _2b7\"> </span>fixed-fee service<span class=\"_ _2b7\"> </span>and insurance<span class=\"_ _2b7\"> </span>contracts in<span class=\"_ _2b7\"> </span>scope of IFRS 4,<span class=\"_ _2b7\"> </span>and leasing<span class=\"_ _2b7\"> </span>contracts in<span class=\"_ _2b7\"> </span>scope of IFRS 16<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Group revenue<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Revenue in<span class=\"_ _2b7\"> </span>business<span class=\"_ _2b7\"> </span>performance<span class=\"_ _2b7\"> </span>arising from<span class=\"_ _2b7\"> </span>contracts in<span class=\"_ _2b7\"> </span>scope of IFRS 9<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Group revenue<span class=\"_ _2b7\"> </span>included in<span class=\"_ _2b7\"> </span>business<span class=\"_ _2b7\"> </span>performance<span class=\"_ _2b7\"> </span>Energy services and solutions<span class=\"_ _143\"> </span><span class=\"ff66\"> <span class=\"_ _85\"> </span>625<span class=\"_ _2b7\"> </span></span>British Gas Services &amp; Solutions<span class=\"_ _133\"> </span><span class=\"fcf\"> <span class=\"_ _b5\"> </span>625 <span class=\"_ _9e\"> </span> <span class=\"_ _23\"> </span>852 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>1,477 <span class=\"_ _141\"> </span> <span class=\"_ _53\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>1,477<span class=\"_ _2b7\"> </span></span>Energy supply \u2013 UK<span class=\"_ _db\"> </span><span class=\"ff66\"> <span class=\"_ _8\"> </span>13,096<span class=\"_ _2b7\"> </span></span>British Gas Energy<span class=\"_ _181\"> </span><span class=\"fcf\"> <span class=\"_ _109\"> </span>13,096 <span class=\"_ _141\"> </span> <span class=\"_ _117\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _68\"> </span>13,096 <span class=\"_ _141\"> </span> <span class=\"_ _53\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _68\"> </span>13,096<span class=\"_ _2b7\"> </span></span>Energy supply \u2013 Republic of Ireland<span class=\"_ _17d\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>1,323<span class=\"_ _2b7\"> </span></span>Bord G\u00e1is Energy<span class=\"_ _182\"> </span><span class=\"fcf\"> <span class=\"_ _55\"> </span>1,323 <span class=\"_ _141\"> </span> <span class=\"_ _53\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>1,323 <span class=\"_ _141\"> </span> <span class=\"_ _23\"> </span>448 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>1,771<span class=\"_ _2b7\"> </span></span>Energy supply \u2013 UK<span class=\"_ _db\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>1,465<span class=\"_ _2b7\"> </span></span>Energy services<span class=\"_ _182\"> </span><span class=\"ff66\"> <span class=\"_ _85\"> </span>249<span class=\"_ _2b7\"> </span></span>Centrica Business Solutions<span class=\"_ _34\"> </span><span class=\"fcf\"> <span class=\"_ _55\"> </span>1,714 <span class=\"_ _141\"> </span> <span class=\"_ _b5\"> </span>14 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>1,728 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>1,253 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>2,981<span class=\"_ _2b7\"> </span></span>Energy sales to trading and energy procurement counterparties<span class=\"_ _ab\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>5,639<span class=\"_ _2b7\"> </span></span>Energy Marketing &amp; Trading<span class=\"_ _c3\"> </span><span class=\"fcf\"> <span class=\"_ _55\"> </span>5,639 <span class=\"_ _141\"> </span> <span class=\"_ _b5\"> </span>16 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>5,655 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>8,567 <span class=\"_ _8a\"> </span> <span class=\"_ _68\"> </span>14,222<span class=\"_ _2b7\"> </span></span>Gas and liquid production<span class=\"_ _134\"> </span><span class=\"ff66\"> <span class=\"_ _85\"> </span>462<span class=\"_ _2b7\"> </span></span>Upstream<span class=\"_ _183\"> </span><span class=\"fcf\"> <span class=\"_ _85\"> </span>462 <span class=\"_ _141\"> </span> <span class=\"_ _53\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _23\"> </span>462 <span class=\"_ _9e\"> </span> <span class=\"_ _2a\"> </span>(372) <span class=\"_ _8f\"> </span> <span class=\"_ _85\"> </span>90</span> <span class=\"_ _109\"> </span>22,859 <span class=\"_ _141\"> </span> <span class=\"_ _b3\"> </span>882 <span class=\"_ _8a\"> </span> <span class=\"_ _68\"> </span>23,741 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>9,896 <span class=\"_ _141\"> </span> <span class=\"_ _68\"> </span>33,637<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _ab\"> </span>The Group has recognised \u00a31,539 million of revenue from t<span class=\"_ _1\"></span>he Government in relation to the Energy Price Guarantee scheme for domestic customers in the British Gas<span class=\"_ _2b7\"> </span>Energy segment. A further \u00a3219 million of revenue has been recognised in respect of the Energy Bill Relief S<span class=\"_ _1\"></span>cheme. \u00a3175 million of this total relates to Centrica Business<span class=\"_ _2b7\"> </span>Solutions customers and \u00a344 million relates to non-domestic customers in the British Gas Energy segment. A further \u00a31,125 million was received, and provided t<span class=\"_ _b\"></span>o<span class=\"_ _2b7\"> </span>customers of the British Gas Energy segment in respect of the Government\u2019s Energy Bill Support Scheme resulting in a net \u00a3nil presentation in the Group\u2019<span class=\"_ _b\"></span>s income<span class=\"_ _2b7\"> </span>statement, see note 1.<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>Year ended 31 December<span class=\"_ _2b7\"> </span>Revenue from<span class=\"_ _2b7\"> </span> contracts with<span class=\"_ _2b7\"> </span> customers in<span class=\"_ _2b7\"> </span> scope of IFRS 15<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Revenue from<span class=\"_ _2b7\"> </span> fixed-fee service<span class=\"_ _2b7\"> </span> and insurance<span class=\"_ _2b7\"> </span> contracts in<span class=\"_ _2b7\"> </span> scope of IFRS 4,<span class=\"_ _2b7\"> </span> and leasing<span class=\"_ _2b7\"> </span> contracts in<span class=\"_ _2b7\"> </span> scope of IFRS 16<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Group revenue<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Revenue in<span class=\"_ _2b7\"> </span> business<span class=\"_ _2b7\"> </span> performance<span class=\"_ _2b7\"> </span> arising from<span class=\"_ _2b7\"> </span> contracts in<span class=\"_ _2b7\"> </span> scope of IFRS 9<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Group revenu<span class=\"_ _2b7\"> </span>e included i<span class=\"_ _2b7\"> </span>n busines<span class=\"_ _2b7\"> </span>s performance<span class=\"_ _2b7\"> </span>\u00a3<span class=\"_ _2b7\"> </span>m<span class=\"_ _2b7\"> </span>Energy services and solutions <span class=\"_ _b3\"> </span>554<span class=\"_ _2b7\"> </span> British Gas Services &amp; Solutions <span class=\"_ _b3\"> </span>554 <span class=\"_ _8a\"> </span> <span class=\"_ _b3\"> </span>906 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>1,460 <span class=\"_ _8a\"> </span> <span class=\"_ _117\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _8\"> </span>1,46<span class=\"_ _2b7\"> </span>0 Energy supply \u2013 UK <span class=\"_ _109\"> </span>7,513<span class=\"_ _2b7\"> </span> British Gas Energy <span class=\"_ _109\"> </span>7,513 <span class=\"_ _8a\"> </span> <span class=\"_ _117\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>7,513 <span class=\"_ _141\"> </span> <span class=\"_ _117\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>7,51<span class=\"_ _2b7\"> </span>3 Energy supply \u2013 Republic of Ireland <span class=\"_ _b3\"> </span>903<span class=\"_ _2b7\"> </span> Bord G\u00e1is Energy <span class=\"_ _b3\"> </span>903 <span class=\"_ _8a\"> </span> <span class=\"_ _117\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b3\"> </span>903 <span class=\"_ _8a\"> </span> <span class=\"_ _b3\"> </span>208 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>1,11<span class=\"_ _2b7\"> </span>1 Energy supply \u2013 UK <span class=\"_ _b3\"> </span>944<span class=\"_ _2b7\"> </span> Energy services <span class=\"_ _b3\"> </span>297<span class=\"_ _2b7\"> </span> Centrica Business Solutions <span class=\"_ _109\"> </span>1,241 <span class=\"_ _8a\"> </span> <span class=\"_ _f1\"> </span>7 <span class=\"_ _8e\"> </span> <span class=\"_ _8\"> </span>1,248 <span class=\"_ _8a\"> </span> <span class=\"_ _b3\"> </span>705 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>1,95<span class=\"_ _2b7\"> </span>3 Energy sales to trading and energy procurement counterparties <span class=\"_ _109\"> </span>2,825<span class=\"_ _2b7\"> </span> Energy Marketing &amp; Trading <span class=\"_ _109\"> </span>2,825 <span class=\"_ _8a\"> </span> <span class=\"_ _85\"> </span>35 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>2,860 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>3,008 <span class=\"_ _8a\"> </span> <span class=\"_ _8\"> </span>5,86<span class=\"_ _2b7\"> </span>8 Gas and liquid production <span class=\"_ _b3\"> </span>760<span class=\"_ _2b7\"> </span> Upstream <span class=\"_ _b3\"> </span>760 <span class=\"_ _8a\"> </span> <span class=\"_ _117\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b3\"> </span>760 <span class=\"_ _8a\"> </span> <span class=\"_ _55\"> </span>(365) <span class=\"_ _106\"> </span> <span class=\"_ _b3\"> </span>395  <span class=\"_ _68\"> </span>13,796 <span class=\"_ _8a\"> </span> <span class=\"_ _b3\"> </span>948 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>14,744 <span class=\"_ _8a\"> </span> <span class=\"_ _109\"> </span>3,556 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>18,30<span class=\"_ _2b7\"> </span>0 Geographical analysis of revenue and non-current assets<span class=\"_ _2b7\"> </span>The Group monitors and manages performance by reference to its operating segments and not solely on a geographical basis. However,<span class=\"_ _2b7\"> </span> provided below is an analysis of revenue and certain non-current assets by geography<span class=\"_ _1\"></span><span class=\"ff6d\">.<span class=\"_ _2b7\"> </span></span>Group revenue<span class=\"_ _2b7\"> </span>(based on location of customer)<span class=\"_ _2b7\"> </span>Non-current assets<span class=\"_ _2b7\"> </span>(based on location of assets)<span class=\"_ _2b7\"> </span> (i)<span class=\"_ _2b7\"> </span>Year ended 31 December<span class=\"_ _2b7\"> </span> 2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>202<span class=\"_ _2b7\"> </span>1<span class=\"_ _2b7\"> </span>\u00a3<span class=\"_ _2b7\"> </span>m<span class=\"_ _2b7\"> </span>Continuing operations<span class=\"_ _2b7\"> </span>UK <span class=\"_ _b7\"> </span>17,480 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _7b\"> </span>10,891 <span class=\"_ _12\"> </span></span> <span class=\"_ _4a\"> </span>3,827 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _4a\"> </span>4,20<span class=\"_ _2b7\"> </span></span><span class=\"ff6d\">3 </span>Republic of Ireland <span class=\"_ _4a\"> </span>1,323 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _78\"> </span>903 <span class=\"_ _12\"> </span></span> <span class=\"_ _78\"> </span>152 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _78\"> </span>13<span class=\"_ _2b7\"> </span></span><span class=\"ff6d\">9 </span>Scandinavia (including Denmark) <span class=\"_ _4a\"> </span>1,473 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _78\"> </span>894 <span class=\"_ _12\"> </span></span> <span class=\"_ _78\"> </span>181 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _78\"> </span>17<span class=\"_ _2b7\"> </span></span><span class=\"ff6d\">3 </span>North America <span class=\"_ _78\"> </span>867 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _78\"> </span>413 <span class=\"_ _12\"> </span></span> <span class=\"_ _b8\"> </span>14 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _b8\"> </span>2<span class=\"_ _2b7\"> </span></span><span class=\"ff6d\">5 </span>Rest of the world <span class=\"_ _4a\"> </span>2,598 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _4a\"> </span>1,643 <span class=\"_ _12\"> </span></span> <span class=\"_ _78\"> </span>353 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _78\"> </span>33</span><span class=\"ff6d\">2 </span> <span class=\"_ _b7\"> </span>23,741 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _7b\"> </span>14,744 <span class=\"_ _12\"> </span></span> <span class=\"_ _4a\"> </span>4,527 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _4a\"> </span>4,87<span class=\"_ _2b7\"> </span></span><span class=\"ff6d\">2 </span>(i)<span class=\"_ _ab\"> </span>Non-current assets comprise goodwill, other <span class=\"_ _1\"></span>intangible assets, PP&amp;E, interests in joint ventures and associates and non-financial assets within trade and other<span class=\"_ _2b7\"> </span> receivables, and contract-related assets. Assets of disposal groups held for sale are not included.<span class=\"_ _2b7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-459": {
   "value": "<div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:650.51373px;\">5. <span class=\"_ _11c\"> </span>Costs<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:620.9387px;\">This section details the types of costs the Group incurs and the number of employees in each of our operations.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:587.25574px;\">(a)<span class=\"_ _a9\"> </span>Analysis of costs by nature<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:355.43387px; bottom:558.9028px;\">2022<span class=\"_ _1e\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:496.73676px;\">Year ended 31 December </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:277.55127px; bottom:543.53674px;\"> Cost of sales<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:274.1628px; bottom:534.17676px;\">and settlement<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:293.70038px; bottom:524.8167px;\">of certain<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:303.6194px; bottom:515.4568px;\">energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:293.70038px; bottom:506.09674px;\">contracts<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:317.33087px; bottom:496.73676px;\">\u00a3m</div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:352.54813px; bottom:515.4568px;\"> Operating<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:371.30948px; bottom:506.09674px;\">costs<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:380.2414px; bottom:496.73676px;\">\u00a3m</div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:434.63467px; bottom:515.4568px;\"> Total<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:434.63467px; bottom:506.09674px;\">costs<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:444.5741px; bottom:496.73676px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:478.81934px; bottom:543.53674px;\">Cost of sales<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:472.9809px; bottom:534.17676px;\">and settlement<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:491.84778px; bottom:524.8167px;\">of certain<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:501.07233px; bottom:515.4568px;\">energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:491.84778px; bottom:506.09674px;\">contracts<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:514.8792px; bottom:496.73676px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:553.69727px; bottom:515.4568px;\">Operating<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:569.589px; bottom:506.09674px;\">costs<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:577.09424px; bottom:496.73676px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:515.4568px;\">Total<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:632.38715px; bottom:506.09674px;\">costs<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:496.73676px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:481.94275px;\">Transportation, distribution, capacity market and metering<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:470.24274px;\">costs</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:272.02377px; bottom:469.99573px;\"> <span class=\"_ _14d\"> </span>(4,694) <span class=\"_ _8f\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _14d\"> </span>(4,694) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _b9\"> </span>(3,702) <span class=\"_ _106\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>(3,702)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:454.64276px;\">Commodity costs<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:79.862335px; bottom:458.12347px;\">(i)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:272.02377px; bottom:454.39575px;\"> <span class=\"_ _e2\"> </span>(20,748) <span class=\"_ _106\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>(20,748) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _e4\"> </span>(9,302) <span class=\"_ _8f\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>(9,302)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:439.0428px;\">Depreciation, amortisation, impairments and write-downs</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:272.02377px; bottom:438.79572px;\"> <span class=\"_ _2c\"> </span>(441) <span class=\"_ _106\"> </span> <span class=\"_ _10c\"> </span>(336) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(777) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _a0\"> </span>(497) <span class=\"_ _8f\"> </span> <span class=\"_ _a0\"> </span>(302) <span class=\"_ _8f\"> </span> <span class=\"_ _146\"> </span>(799)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:423.44275px;\">Employee costs</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:272.02377px; bottom:423.19574px;\"> <span class=\"_ _2c\"> </span>(704) <span class=\"_ _106\"> </span> <span class=\"_ _10c\"> </span>(753) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>(1,457) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _146\"> </span>(464) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(749) <span class=\"_ _106\"> </span> <span class=\"_ _e4\"> </span>(1,213)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:407.84277px;\">Other direct costs<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:79.862335px; bottom:411.3235px;\">(i)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:272.02377px; bottom:407.59576px;\"> <span class=\"_ _14d\"> </span>(1,611) <span class=\"_ _8f\"> </span> <span class=\"_ _10c\"> </span>(783) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>(2,394) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _e4\"> </span>(1,465) <span class=\"_ _8f\"> </span> <span class=\"_ _a0\"> </span>(652) <span class=\"_ _8f\"> </span> <span class=\"_ _e4\"> </span>(2,117)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:392.24274px;\">Costs included within business performance before<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:380.5428px;\">credit losses on financial assets</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:272.02377px; bottom:380.29572px;\"> <span class=\"_ _e2\"> </span>(28,198) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>(1,872) <span class=\"_ _8f\"> </span> <span class=\"_ _10f\"> </span>(30,070) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _75\"> </span>(15,430) <span class=\"_ _106\"> </span> <span class=\"_ _b9\"> </span>(1,703) <span class=\"_ _106\"> </span> <span class=\"_ _75\"> </span>(17,133)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:364.94275px;\">Credit losses on financial assets (net of recovered amounts)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:353.24274px;\">(note 17) </div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:272.02377px; bottom:352.99573px;\"> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _10c\"> </span>(351) <span class=\"_ _8f\"> </span> <span class=\"_ _10c\"> </span>(351) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _146\"> </span>(116) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(116)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:337.64276px;\">Total costs included within business performance</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:272.02377px; bottom:337.39575px;\"> <span class=\"_ _e2\"> </span>(28,198) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>(2,223) <span class=\"_ _8f\"> </span> <span class=\"_ _10f\"> </span>(30,421) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _75\"> </span>(15,430) <span class=\"_ _106\"> </span> <span class=\"_ _b9\"> </span>(1,819) <span class=\"_ _106\"> </span> <span class=\"_ _75\"> </span>(17,249)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:322.0428px;\">Adjustment for gross cost of settled energy contracts in the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:310.34277px;\">scope of IFRS 9 and onerous energy supply contract<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:298.64276px;\">provision</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:272.02377px; bottom:298.39575px;\"> <span class=\"_ _61\"> </span>14,986 <span class=\"_ _141\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _ee\"> </span>14,986 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _17b\"> </span>2,749 <span class=\"_ _141\"> </span> <span class=\"_ _bc\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _17b\"> </span>2,749<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:283.0428px;\">Exceptional items and re-measurement and settlement of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:271.34277px;\">derivative energy contracts (note 7)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:272.02377px; bottom:271.09576px;\"> <span class=\"_ _14d\"> </span>(8,484) <span class=\"_ _8f\"> </span> <span class=\"_ _10c\"> </span>(155) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>(8,639) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _146\"> </span>(434) <span class=\"_ _106\"> </span> <span class=\"_ _54\"> </span>1,247 <span class=\"_ _8a\"> </span> <span class=\"_ _8\"> </span>813<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:255.74274px;\">Total costs within Group operating profit</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:272.02377px; bottom:255.49573px;\"> <span class=\"_ _e2\"> </span>(21,696) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>(2,378) <span class=\"_ _8f\"> </span> <span class=\"_ _10f\"> </span>(24,074) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _75\"> </span>(13,115) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(572) <span class=\"_ _106\"> </span> <span class=\"_ _75\"> </span>(13,687)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:238.23175px;\">(i)<span class=\"_ _ab\"> </span>Commodity costs include a credit of \u00a3241 million <span class=\"_ _1\"></span>recoverable under the Last Resort Supplier Payment claim (2021: \u00a3182 million), a further credit of \u00a3nil is included in other<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:228.09177px;\">direct operating costs (2021: \u00a33 million). These credits offset costs incurred as a result of the Group\u2019s appointment as Supplier of Last Resort t<span class=\"_ _b\"></span>o customers of energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:217.95175px;\">suppliers who ceased trading during the year. See note 3.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:189.91074px;\">(b)<span class=\"_ _a9\"> </span>Employee costs<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:171.19073px;\">The below employee costs exclude the costs of redundancy and similar termination benefits.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:141.7067px;\">Year ended 31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:561.6269px; bottom:151.06674px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:568.1972px; bottom:141.7067px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:632.38715px; bottom:151.06674px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:636.8744px; bottom:141.7067px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:126.66577px;\">Wages and salaries<span class=\"_ _198\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>(1,159) <span class=\"_ _13e\"> </span></span> <span class=\"_ _146\"> </span>(965)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:111.065796px;\">Social security costs<span class=\"_ _199\"> </span><span class=\"ff66\"> <span class=\"_ _2c\"> </span>(100) <span class=\"_ _13e\"> </span></span> <span class=\"_ _a0\"> </span>(104)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:95.46579px;\">Pension and other post-employment benefits costs<span class=\"_ _19a\"> </span><span class=\"ff66\"> <span class=\"_ _2c\"> </span>(171) <span class=\"_ _13e\"> </span></span> <span class=\"_ _a0\"> </span>(166)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:79.86578px;\">Share scheme costs (note S4)<span class=\"_ _19b\"> </span><span class=\"ff66\"> <span class=\"_ _31\"> </span>(10) <span class=\"_ _13e\"> </span></span> <span class=\"_ _140\"> </span>(12) </div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:522.72906px; bottom:64.26578px;\"> <span class=\"_ _14d\"> </span>(1,440) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _b9\"> </span>(1,247)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:48.66577px;\">Capitalised employee costs<span class=\"_ _19c\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>10 <span class=\"_ _11c\"> </span></span> <span class=\"_ _55\"> </span>19<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:33.065796px;\">Employee costs included in exceptional items<span class=\"_ _19d\"> </span><span class=\"ff66\"> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _11c\"> </span></span> <span class=\"_ _55\"> </span>15<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:17.46579px;\">Repayment of Coronavirus government support programmes<span class=\"_ _19e\"> </span><span class=\"ff66\"> <span class=\"_ _31\"> </span>(27) <span class=\"_ _13e\"> </span></span> <span class=\"_ _bc\"> </span>\u2014<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:1.8657837px;\">Employee costs recognised in business performance in the Group Income Statement<span class=\"_ _19f\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>(1,457) <span class=\"_ _13e\"> </span></span> <span class=\"_ _b9\"> </span>(1,213)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:179.89069px;\">5. <span class=\"_ _11c\"> </span>Costs<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:160.98871px;\">(c)<span class=\"_ _a9\"> </span>Average number of employees during the year<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:572.51605px; bottom:135.24872px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:558.8494px; bottom:125.88873px;\">Number<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:135.24872px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:623.86304px; bottom:125.88873px;\">Number<span class=\"_ _1f\"></span>Year ended 31 December </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:110.84772px;\">British Gas Services &amp; Solutions</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:111.341736px;\"> <span class=\"_ _7b\"> </span>12,470 </div><div class=\"t m0 hee ff6d fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:111.19873px;\"> <span class=\"_ _b7\"> </span>12,178<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:95.24768px;\">British Gas Energy</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:95.7417px;\"> <span class=\"_ _81\"> </span>3,257 </div><div class=\"t m0 hee ff6d fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:95.598694px;\"> <span class=\"_ _4a\"> </span>3,006<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:79.647705px;\">Bord G\u00e1is Energy</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:80.14172px;\"> <span class=\"_ _b4\"> </span>320 </div><div class=\"t m0 hee ff6d fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:79.99872px;\"> <span class=\"_ _78\"> </span>323<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:64.04767px;\">Centrica Business Solutions</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:64.54169px;\"> <span class=\"_ _81\"> </span>1,444 </div><div class=\"t m0 hee ff6d fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:64.39874px;\"> <span class=\"_ _4a\"> </span>1,706<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:48.447693px;\">Energy Marketing &amp; Trading</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:48.94171px;\"> <span class=\"_ _b4\"> </span>573 </div><div class=\"t m0 hee ff6d fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:48.798706px;\"> <span class=\"_ _78\"> </span>478<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:32.847717px;\">Upstream</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:33.341736px;\"> <span class=\"_ _b4\"> </span>670 </div><div class=\"t m0 hee ff6d fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:33.19873px;\"> <span class=\"_ _78\"> </span>863<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:17.24768px;\">Group Functions</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:17.7417px;\"> <span class=\"_ _81\"> </span>1,220 </div><div class=\"t m0 hee ff6d fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:17.598633px;\"> <span class=\"_ _4a\"> </span>1,150 </div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:2.1417236px;\"> <span class=\"_ _7b\"> </span>19,954 </div><div class=\"t m0 hee ff6d fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:1.9986572px;\"> <span class=\"_ _b7\"> </span>19,704<span class=\"_ _2b7\"> </span> </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-522": {
   "value": "(a) Analysis of costs by nature 2022 2021 Year ended 31 December  Cost of sales  and settlement  of certain  energy  contracts \u00a3m Operating  costs \u00a3m Total  costs \u00a3m Cost of sales  and settlement  of certain  energy  contracts \u00a3m Operating  costs \u00a3m Total  costs \u00a3m Transportation, distribution, capacity market and metering  costs  (4,694)    \u2014    (4,694)    (3,702)    \u2014    (3,702)  Commodity costs  (i)  (20,748)    \u2014    (20,748)    (9,302)    \u2014    (9,302)  Depreciation, amortisation, impairments and write-downs  (441)    (336)    (777)    (497)    (302)    (799)  Employee costs  (704)    (753)    (1,457)    (464)    (749)    (1,213)  Other direct costs  (i)  (1,611)    (783)    (2,394)    (1,465)    (652)    (2,117)  Costs included within business performance before  credit losses on financial assets  (28,198)    (1,872)    (30,070)    (15,430)    (1,703)    (17,133)  Credit losses on financial assets (net of recovered amounts)  (note 17)   \u2014    (351)    (351)    \u2014    (116)    (116)  Total costs included within business performance  (28,198)    (2,223)    (30,421)    (15,430)    (1,819)    (17,249)  Adjustment for gross cost of settled energy contracts in the  scope of IFRS 9 and onerous energy supply contract  provision  14,986    \u2014    14,986    2,749    \u2014    2,749  Exceptional items and re-measurement and settlement of  derivative energy contracts (note 7)  (8,484)    (155)    (8,639)    (434)    1,247    813  Total costs within Group operating profit  (21,696)    (2,378)    (24,074)    (13,115)    (572)    (13,687)  (i) Commodity costs include a credit of \u00a3241 million recoverable under the Last Resort Supplier Payment claim (2021: \u00a3182 million), a further credit of \u00a3nil is included in other  direct operating costs (2021: \u00a33 million). These credits offset costs incurred as a result of the Group\u2019s appointment as Supplier of Last Resort to customers of energy  suppliers who ceased trading during the year. See note 3. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-547": {
   "value": "(b) Employee costs The below employee costs exclude the costs of redundancy and similar termination benefits. Year ended 31 December  2022 \u00a3m 2021 \u00a3m Wages and salaries   (1,159)    (965)  Social security costs   (100)    (104)  Pension and other post-employment benefits costs   (171)    (166)  Share scheme costs (note S4)   (10)    (12)   (1,440)    (1,247)  Capitalised employee costs   10    19  Employee costs included in exceptional items   \u2014    15  Repayment of Coronavirus government support programmes   (27)    \u2014  Employee costs recognised in business performance in the Group Income Statement   (1,457)    (1,213) 22.Post-retirement benefits The Group manages a number of final salary and career average defined benefit pension schemes. It also has defined  contribution schemes. The majority of these schemes are in the UK. (a)  Summary of main post-retirement benefit schemes Number of active  members as at 31 December 2022 Total membership as at 31 December 2022Name of scheme Type of benefit Status Country Centrica Engineers Defined benefit final salary pension Closed to new members in 2006 UK   1,615    8,433  Pension Scheme Defined benefit career average pension Closed to new members in 2022 UK   3,198    7,237  Centrica Pension Plan Defined benefit final salary pension Closed to new members in 2003 UK   1,471    8,441  Centrica Pension Scheme Defined benefit final salary pension Closed to new members in 2003 UK   1    10,197  Defined benefit career average pension Closed to new members in 2008 UK   750    4,191  Defined contribution pension Open to new members UK   10,243    20,789  Bord G\u00e1is Energy Company  Defined Benefit Pension Scheme Defined benefit final salary pension Closed to new members in 2014 Republic  of Ireland   94    170  Bord G\u00e1is Energy Company  Defined Contribution Pension Plan Defined contribution pension Open to new members Republic  of Ireland   270    392  The Centrica Engineers Pension Scheme (CEPS), Centrica Pension Plan (CPP) and Centrica Pension Scheme (CPS) form the significant  majority of the Group\u2019s defined benefit obligation and are referred to below as the \u2018Registered Pension Schemes\u2019. The other schemes are  individually, and in aggregate, immaterial. Independent valuations The Registered Pension Schemes are subject to independent valuations at least every three years, on the basis of which the qualified  actuary certifies the rate of employer contributions, which together with the specified contributions payable by the employees and  proceeds from the schemes\u2019 assets, are expected to be sufficient to fund the benefits payable under the schemes. The latest full actuarial valuations agreed and finalised with the Pension Trustees were carried out at the following dates: the Registered  Pension Schemes at 31 March 2021 and the Bord G\u00e1is Energy Company Defined Benefit Pension Scheme at 1 January 2020. For the  Registered Pension Schemes, the full actuarial valuation as at 31 March 2021 was agreed during the year. These valuations have been  updated to 31 December 2022 for the purpose of meeting the requirements of IAS 19. Investments held in all schemes have been valued  for this purpose at market value. Governance The Registered Pension Schemes are managed by trustee companies whose boards consist of both company-nominated and member- nominated Directors. Each scheme holds units in the Centrica Combined Common Investment Fund (CCCIF), which holds the majority of  the combined assets of the Registered Pension Schemes. The board of the CCCIF is currently comprised of nine directors: three  independent directors, three directors appointed by Centrica plc (including the Chairman) and one director appointed by each of the three  Registered Pension Schemes.  Under the terms of the Pensions Act 2004, Centrica plc and each trustee board must agree the funding rate for its defined benefit pension  scheme and a recovery plan to fund any deficit against the scheme-specific statutory funding objective. This approach was first adopted  for the triennial valuations completed at 31 March 2006, and has been reflected in subsequent valuations, including the 31 March 2021  valuation. 22.Post-retirement benefits (b) Risks The Registered Pension Schemes expose the Group to the following risks: Asset volatility The pension liabilities are calculated using a discount rate set with reference to AA corporate bond yields. If the growth in plan assets is  lower than this, this will create an actuarial loss within other equity. The CCCIF is responsible for managing the assets of each scheme in  line with the risk tolerances that have been set by the trustees of the schemes, and invests in a diversified portfolio of assets. The schemes  are relatively young in nature (the schemes\u2019 opened in 1997 on the formation of Centrica plc on demerger from BG plc (formerly British  Gas plc)), and only took on past service liabilities in respect of active employees.  The trustees significantly reduced their tolerance to scheme valuation risk in 2019, increasing inflation and interest rate hedges from one  third to two thirds, and further de-risked thereafter such that there was an 85% hedge level (in relation to assets) at 2021 year-end. This  de-risking included the use of collateralised gilt holdings in the Schemes\u2019 Liability-Driven Investment (LDI) portfolio (shown in the Pension  scheme asset table in section (f) of this note within Liability matching assets). Throughout 2022 and in particular during September, there were significant increases and volatility in gilt yields. This led to a significant fall  in the value of assets invested in the UK Registered Pension Schemes\u2019 Liability-Driven Investment (LDI) funds, thereby driving collateral  calls and temporarily reducing the hedge position. All liquid credit mandates were placed into redemption with proceeds directed to the  LDI portfolio to increase collateral and reduce leverage. In October 2022, the Group agreed to provide the Schemes with a \u00a3400 million two-year revolving, unsecured, interest bearing credit  facility, and a short-term \u00a3150 million loan. This money was immediately drawn down to purchase physical gilts to reduce the extent of  interest rate and inflation risk. The short-term loan was repaid in December 2022 and the remaining \u00a3400 million credit facility is scheduled  for repayment in 2024. At the 2022 year-end, the \u00a3400 million loan (together with unpaid interest) is recorded in Securities from a Centrica  plc Group perspective and as a reduction to scheme assets for the UK Registered Pension Schemes. At the 2022 year-end, the inflation and interest rate hedge level in relation to assets is around 92%. This has resulted in a reduction of  return-seeking assets within the portfolio, as well as a higher weighting to assets that better manage downside risk.  Interest rate A decrease in bond interest rates will increase the net present value of the pension liabilities. The relative immaturity of the schemes means  that the duration of the liabilities is longer than average for typical UK pension schemes, resulting in a relatively higher exposure to interest  rate risk. This risk is reduced via the hedging referred to in the Asset volatility section. Inflation Pensions in deferment, pensions in payment and pensions accrued under the career average schemes increase in line with the Retail  Prices Index (RPI) and the Consumer Prices Index (CPI). Therefore, scheme liabilities will increase if inflation is higher than assumed,  although in some cases caps are in place to limit the impact of significant movements in inflation. Furthermore, a pension increase  exchange (PIE) option implemented in 2015 is available to future retirees, which gives the choice to receive a higher initial pension in return  for giving up certain future increases linked to RPI, again limiting the impact of significant movements in inflation. Inflation risk is reduced  via the hedging referred to in the Asset volatility section. Longevity The majority of the schemes\u2019 obligations are to provide benefits for the life of scheme members and their surviving spouses; therefore  increases in life expectancy will result in an increase in the pension liabilities. The relative immaturity of the schemes means that there is  comparatively little observable mortality data to assess the rates of mortality experienced by the schemes, and means that the schemes\u2019  liabilities will be paid over a long period of time, making it particularly difficult to predict the life expectancy of the current membership.  Furthermore, pension payments are subject to inflationary increases, resulting in a higher sensitivity to changes in life expectancy.  Salary Pension liabilities are calculated by reference to the future salaries of active members, and hence salary rises in excess of assumed  increases will increase scheme liabilities. During 2011, changes were introduced to the final salary sections of CEPS and CPP such that  annual increases in pensionable pay are capped to 2%, resulting in a reduction in salary risk. During 2016, a salary cap on pensionable  pay for the CPS career average and CPP schemes was implemented, and in 2019 a similar change took place for CEPS. All of the 2011,  2016 and 2019 changes result in a reduction in salary risk.  Foreign exchange Certain assets held by the CCCIF are denominated in foreign currencies, and hence their values are subject to exchange rate risk.  The CCCIF has long-term hedging policies in place to manage interest rate, inflation and foreign exchange risks. The table below analyses the total liabilities of the Registered Pension Schemes, calculated in accordance with accounting principles,  by type of liability, as at 31 December 2022. 22.Post-retirement benefits Total liabilities of the Registered Pension Schemes 31 December  2022 % Actives \u2013 final salary \u2013 capped  11  Actives \u2013 final salary \u2013 uncapped and crystallised benefits  5  Actives \u2013 career average  4  Deferred pensioners  38  Pensioners  42   100  (c) Accounting assumptions The accounting assumptions for the Registered Pension Schemes are given below: Major assumptions used for the actuarial valuation  31 December  2022 % 2021 % Rate of increase in employee earnings: Subject to 2% cap   1.5    1.8  Other not subject to cap   2.9    2.6  Rate of increase in pensions in payment   3.3    3.1  Rate of increase in deferred pensions: In line with CPI capped at 2.5%   2.5    2.4  In line with RPI   3.0    3.1  Discount rate  4.7    1.8  The assumptions relating to longevity underlying the pension liabilities at the balance sheet date have been based on a combination of  standard actuarial mortality tables, scheme experience and other relevant data, and include an allowance for future improvements in  mortality. The longevity assumptions for members in normal health are as follows: Life expectancy at age 65 for a member 2022 2021 31 December  Male Years Female Years Male Years Female Years Currently aged 65   22.4    23.9    22.5    24.0  Currently aged 45   23.6    25.0    23.8    25.1  The other demographic assumptions have been set having regard to the latest trends in scheme experience and other relevant data. The  assumptions are reviewed and updated as necessary as part of the periodic actuarial valuations of the pension schemes. For the Registered Pension Schemes, marginal adjustments to the assumptions used to calculate the pension liability, or significant swings  in bond yields or stock markets, can have a large impact in absolute terms on the net assets of the Group. Reasonably possible changes  as at 31 December to one of the actuarial assumptions would have affected the scheme liabilities as set out below: Impact of changing material assumptions 2022 2021 31 December  Increase/  decrease in  assumption (i) Indicative  effect on  scheme  liabilities % Increase/  decrease in  assumption Indicative  effect on  scheme  liabilities % Rate of increase in employee earnings subject to 2% cap  1.00%  +1/-2  0.25%  +/-0 Rate of increase in pensions in payment and deferred pensions  1.00%  +14/-12  0.25%  +/-4 Discount rate  1.00%  -15/+19  0.25%  -/+5 Inflation assumption  1.00%  +15/-12  0.25%  +/-5 Longevity assumption 1 year +/-2 1 year +/-4 (i) 1% has been used for sensitivity analysis this year as opposed to 0.25% in the prior year, due to the quantum of market rate movements during the year which mean it is  considered that 1% is a more appropriate measure for 2022. The indicative effects on scheme liabilities have been calculated by changing each assumption in isolation and assessing the impact on  the liabilities. For the reasonably possible change in the inflation assumption, it has been assumed that a change to the inflation  assumption would lead to corresponding changes in the assumed rates of increase in uncapped pensionable pay, pensions in payment  and deferred pensions. The remaining disclosures in this note cover all of the Group\u2019s defined benefit schemes. 22.Post-retirement benefits (d) Amounts included in the Group Balance Sheet 31 December  2022 \u00a3m 2021 \u00a3m Fair value of plan assets   6,312    10,666  Present value of defined benefit obligation   (6,272)    (10,666)  Recognised in the Group Balance Sheet   40    \u2014  Presented in the Group Balance Sheet as: Retirement benefit assets   150    231  Retirement benefit liabilities   (110)    (231)  The Trust Deed and Rules for the Registered Pension Schemes provide the Group with a right to a refund of surplus assets assuming the  full settlement of scheme liabilities. No asset ceiling restrictions have been applied in the consolidated Financial Statements. (e) Movements in the year 2022 2021 Pension  liabilities \u00a3m Pension  assets \u00a3m Pension  liabilities \u00a3m Pension assets \u00a3m 1 January    (10,666)    10,666    (10,671)    10,070  Items included in the Group Income Statement: Current service cost   (84)    \u2014    (85)    \u2014  Contributions by employer in respect of employee salary sacrifice arrangements  (i)  (21)    \u2014    (20)    \u2014  Total current service cost   (105)    \u2014    (105)    \u2014  Past service credit   \u2014    \u2014    1    \u2014  Interest (expense)/income   (193)    196    (155)    150  Termination benefit   4    \u2014    52    \u2014  Items included in the Group Statement of Comprehensive Income: Returns on plan assets, excluding interest income   \u2014    (4,559)    \u2014    301  Actuarial gain/(loss) from changes to demographic assumptions   34    \u2014    (12)    \u2014  Actuarial gain from changes in financial assumptions   4,803    \u2014    123    \u2014  Actuarial loss from experience adjustments   (425)    \u2014    (194)    \u2014  Items included in the Group Cash Flow Statement: Employer contributions   \u2014    264    \u2014    420  Contributions by employer in respect of employee salary sacrifice arrangements   \u2014    21    \u2014    20  Other movements: Benefits paid from schemes   278    (278)    297    (297)  Other   (2)    2    (2)    2  31 December    (6,272)    6,312    (10,666)    10,666  (i) A salary sacrifice arrangement was introduced on 1 April 2013 for pension scheme members. The contributions paid via the salary sacrifice arrangement have been  treated as employer contributions and included within the current service cost, with a corresponding reduction in salary costs. In addition to current service cost on the Group\u2019s defined benefit pension schemes, the Group also charged \u00a366 million (2021: \u00a361 million)  to operating profit in respect of defined contribution pension schemes. This included contributions of \u00a320 million (2021: \u00a315 million) paid  via a salary sacrifice arrangement. 22.Post-retirement benefits (f)  Pension scheme assets The market values of plan assets were:  2022 2021 31 December  Quoted \u00a3m Unquoted \u00a3m Total \u00a3m Quoted  \u00a3m Unquoted  \u00a3m Total  \u00a3m Equities   19    486    505    20    462    482  Corporate bonds   24    \u2014    24    2,393    31    2,424  High-yield debt   106    1,331    1,437    2,720    1,197    3,917  Liability matching assets   2,835    1,343    4,178    1,963    1,356    3,319  Property   \u2014    366    366    \u2014    439    439  Cash pending investment   205    \u2014    205    85    \u2014    85  Loan and interest   \u2014    (403)    (403)    \u2014    \u2014    \u2014   3,189    3,123    6,312    7,181    3,485    10,666  Unquoted private equity, liability matching assets and debt funds are valued at fair value as calculated by the investment manager at the  latest valuation date in accordance with generally accepted guidelines, adjusted for cash flow in the intervening period. Investment  properties are valued in accordance with guidelines by independent valuers. These valuations are reviewed annually as part of the CCCIF  audit and receive greater scrutiny now that unquoted assets make up a greater proportion of the scheme portfolio. Included within equities  are \u00a3nil of ordinary shares of Centrica plc (2021: \u00a3nil) via pooled funds that include a benchmark allocation to UK equities. Included within  corporate bonds are \u00a3nil (2021: \u00a3nil) of bonds issued by Centrica plc, albeit minor exposure may be held within pooled funds over which  the CCCIF has no ability to direct investment decisions. Apart from the investment in the Scottish Limited Partnerships which form part of  the asset-backed contribution arrangements described in section (g) of this note, no direct investments are made in securities issued by  Centrica plc or any of its subsidiaries or property leased to or owned by Centrica plc or any of its subsidiaries. The corporate bond, high- yield debt and liability matching asset categories headings above have segregated portfolio mandates which include the cash, cash funds  and derivatives associated with the mandates. At 31 December 2021 the aggregate gilts portfolio, the quoted element of the Liability matching assets line, was approximately 3 times  leveraged (1 times being unleveraged). At 31 December 2022 the aggregate gilts portfolio was significantly less exposed to collateral  movements, at approximately 1.3 times leveraged. Included within the Group Balance Sheet within non-current securities are \u00a395 million (2021: \u00a3111 million) of investments, held in trust on  behalf of the Group, as security in respect of the Centrica Unfunded Pension Scheme. Of the pension scheme liabilities above, \u00a349 million  (2021: \u00a366 million) relate to this scheme. More information on the Centrica Unapproved Pension Scheme is included in the Remuneration  Report on pages 84 to 103. (g) Pension scheme contributions The Group estimates that it will pay \u00a354 million of ordinary employer contributions during 2023 for its defined benefit schemes, at an  average rate of 21% of pensionable pay, together with \u00a326 million of contributions paid via a salary sacrifice arrangement. For the Registered Pension Schemes the last actuarial valuation, agreed during the year with the Pension Trustees, was as at 31 March  2021. As at that date, the weighted average duration of the liabilities of the Registered Pension Schemes was 22 years and the technical  provisions deficit (funding basis) was \u00a3944 million. The Group committed to additional annual cash contributions to fund this pension  deficit. The overall deficit contributions, including the previously disclosed asset-backed contribution arrangements, totalled \u00a3175 million in  2021 (of which \u00a399 million was after 31 March 2021), and \u00a3204 million in 2022; and will amount to \u00a3175 million per annum from 2023 to  2025, with a balancing payment of \u00a3127 million in 2026. Separately, a pension strain payment of \u00a310 million associated with employee  redundancies was also contributed in 2022 (2021: \u00a3193 million).  On a pure roll-forward basis, from 31 March 2021, using the same methodology and consequent assumptions, the technical provisions  deficit (funding basis) would be c.\u00a3850 million on 31 December 2022. Note that the valuation methodology and assumptions used for  future assessments may differ from those previously used. In previous years, the Registered Pension Schemes also held a security package over the Group\u2019s equity shareholding in the Direct Energy  business, amounting to \u00a31,235 million, enforceable in the unlikely event the Group was unable to meet its obligations. In January 2021,  as part of the Direct Energy disposal, this security package was released by the Pension Trustees. In exchange, the Group provided  replacement security of \u00a3745 million of letters of credit and \u00a3250 million cash in escrow.  In October 2022, as part of the \u00a3400 million loan arrangement from Centrica plc to the Registered Pension Schemes (described in part (b)  above), this security was reduced by \u00a3545 million, so that only \u00a3450 million of letters of credit remained at the year-end. When this loan  is repaid, replacement security may be required (dependent on the funding position) and the form of security will be at the Group\u2019s  discretion. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-523": {
   "value": "(b)<span class=\"_ _a9\"> </span>Employee costs<span class=\"_ _2b7\"> </span>The below employee costs exclude the costs of redundancy and similar termination benefits.<span class=\"_ _2b7\"> </span>Year ended 31 December<span class=\"_ _2b7\"> </span> 2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Wages and salaries<span class=\"_ _198\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>(1,159) <span class=\"_ _13e\"> </span></span> <span class=\"_ _146\"> </span>(965)<span class=\"_ _2b7\"> </span> Social security costs<span class=\"_ _199\"> </span><span class=\"ff66\"> <span class=\"_ _2c\"> </span>(100) <span class=\"_ _13e\"> </span></span> <span class=\"_ _a0\"> </span>(104)<span class=\"_ _2b7\"> </span> Pension and other post-employment benefits costs<span class=\"_ _19a\"> </span><span class=\"ff66\"> <span class=\"_ _2c\"> </span>(171) <span class=\"_ _13e\"> </span></span> <span class=\"_ _a0\"> </span>(166)<span class=\"_ _2b7\"> </span> Share scheme costs (note S4)<span class=\"_ _19b\"> </span><span class=\"ff66\"> <span class=\"_ _31\"> </span>(10) <span class=\"_ _13e\"> </span></span> <span class=\"_ _140\"> </span>(12)  <span class=\"_ _14d\"> </span>(1,440) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _b9\"> </span>(1,247)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span>Capitalised employee costs<span class=\"_ _19c\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>10 <span class=\"_ _11c\"> </span></span> <span class=\"_ _55\"> </span>19<span class=\"_ _2b7\"> </span> Employee costs included in exceptional items<span class=\"_ _19d\"> </span><span class=\"ff66\"> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _11c\"> </span></span> <span class=\"_ _55\"> </span>15<span class=\"_ _2b7\"> </span> Repayment of Coronavirus government support programmes<span class=\"_ _19e\"> </span><span class=\"ff66\"> <span class=\"_ _31\"> </span>(27) <span class=\"_ _13e\"> </span></span> <span class=\"_ _bc\"> </span>\u2014<span class=\"_ _2b7\"> </span> Employee costs recognised in business performance in the Group Income Statement<span class=\"_ _19f\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>(1,457) <span class=\"_ _13e\"> </span></span> <span class=\"_ _b9\"> </span>(1,213)<span class=\"_ _2b7\"> </span>(c)<span class=\"_ _a9\"> </span>Average number of employees during the year<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>Number<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>Number<span class=\"_ _1f\"></span>Year ended 31 December British Gas Services &amp; Solutions <span class=\"_ _7b\"> </span>12,470  <span class=\"_ _b7\"> </span>12,178<span class=\"_ _2b7\"> </span> British Gas Energy <span class=\"_ _81\"> </span>3,257  <span class=\"_ _4a\"> </span>3,006<span class=\"_ _2b7\"> </span> Bord G\u00e1is Energy <span class=\"_ _b4\"> </span>320  <span class=\"_ _78\"> </span>323<span class=\"_ _2b7\"> </span> Centrica Business Solutions <span class=\"_ _81\"> </span>1,444  <span class=\"_ _4a\"> </span>1,706<span class=\"_ _2b7\"> </span> Energy Marketing &amp; Trading <span class=\"_ _b4\"> </span>573  <span class=\"_ _78\"> </span>478<span class=\"_ _2b7\"> </span> Upstream <span class=\"_ _b4\"> </span>670  <span class=\"_ _78\"> </span>863<span class=\"_ _2b7\"> </span> Group Functions <span class=\"_ _81\"> </span>1,220  <span class=\"_ _4a\"> </span>1,150  <span class=\"_ _7b\"> </span>19,954  <span class=\"_ _b7\"> </span>19,704<span class=\"_ _2b7\"> </span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-460": {
   "value": "6.  Share of results of joint ventures and associates Share of results of joint ventures and associates represents the results of businesses where we exercise joint control or  significant influence and generally have an equity holding of up to 50%. Share of results of joint ventures and associates The Group\u2019s share of results of joint ventures and associates principally arises from its interest in Nuclear \u2013 Lake Acquisitions Limited, an  associate, reported in the Upstream segment. 2022 2021 Year ended 31 December  Share of  business  performance \u00a3m Share of  exceptional  items and  certain re- measurements \u00a3m Share of  results for the  year \u00a3m Share of  business  performance \u00a3m Share of  exceptional  items and  certain re- measurements \u00a3m Share of  results for the  year \u00a3m Income   592    \u2014    592    334    \u2014    334  Expenses before exceptional items and certain re- measurements  (472)    \u2014    (472)    (459)    \u2014    (459)  Exceptional items and re-measurement of certain contracts   \u2014    1    1    \u2014    \u2014    \u2014  Operating profit/(loss)   120    1    121    (125)    \u2014    (125)  Financing income   3    \u2014    3    1    \u2014    1  Taxation on profit/(loss)   (31)    \u2014    (31)    21    \u2014    21  Share of post-taxation results of joint ventures and  associates   92    1    93    (103)    \u2014    (103)  Further information on the Group\u2019s investments in joint ventures and associates is provided in notes 14 and S10. ",
   "dimensions": {
    "concept": "centrica:DisclosureOfShareOfResultsOfJointVenturesAndAssociates",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-461": {
   "value": "<div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:630.51373px;\">7.<span class=\"_ _178\"> </span>Exceptional items and certain re-measurements<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:611.61176px;\">(a) <span class=\"_ _c5\"> </span>Certain re-measurements<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:588.0037px;\">Certain re-measurements are the fair value movements on energy contracts entered into to meet the future ne<span class=\"_ _1\"></span>eds of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:574.7438px;\">our customers or to sell the energy produced from our upstream assets. These contracts are economically related to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:561.48376px;\">our upstream assets, capacity/off-take contracts or downstream demand, which are typically not fair valued, a<span class=\"_ _1\"></span>nd are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:548.22375px;\">therefore separately identified in the current period and reflected in business performance in future periods when the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:534.96375px;\">underlying transaction or asset impacts the Group Income Statement.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:515.20374px;\">If the future costs to fulfil customer supply contracts, including the mark-to-market reversal of any energy hedging<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:501.9438px;\">contracts entered into to meet this demand, exceed the charges recoverable from customers, an onerous contrac<span class=\"_ _1\"></span>t<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:488.68378px;\">provision will be recognised. Because the associated hedging gains or losses will be recognised in certain<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:475.42377px;\">re-measurements, the movements in the onerous provision will also be recognised in certain re-measurements.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:436.43677px;\">Year ended 31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:572.51605px; bottom:446.2387px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:577.09424px; bottom:436.87872px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:446.2387px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:436.87872px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:421.64276px;\">Certain re-measurements recognised in relation to energy contracts:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:406.0428px;\">Net losses arising on delivery of contracts<span class=\"_ _1a3\"> </span><span class=\"ff66\"> <span class=\"_ _7e\"> </span>(1,403) <span class=\"_ _106\"> </span></span> <span class=\"_ _2c\"> </span>(259)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:390.44275px;\">Net (losses)/gains arising on market price movements and new contracts<span class=\"_ _1a4\"> </span><span class=\"ff66\"> <span class=\"_ _7e\"> </span>(3,757) <span class=\"_ _106\"> </span></span> <span class=\"_ _81\"> </span>1,548<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:374.84277px;\">Net re-measurements included within gross profit before onerous supply contract provision<span class=\"_ _5e\"> </span><span class=\"fcf\"> <span class=\"_ _7e\"> </span>(5,160) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,289<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:359.24274px;\">Onerous energy supply contract provision movement<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:233.50818px; bottom:362.7235px;\">(i)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:359.24274px;\"> <span class=\"_ _81\"> </span>1,766 <span class=\"_ _8a\"> </span><span class=\"ff6b\"> <span class=\"_ _14d\"> </span>(2,530)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:343.64276px;\">Net re-measurements included within gross profit<span class=\"_ _18a\"> </span><span class=\"fcf\"> <span class=\"_ _7e\"> </span>(3,394) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _14d\"> </span>(1,241)<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:328.0428px;\">Net gain arising on re-measurement of certain associates\u2019 contracts (net of taxation)<span class=\"_ _1a5\"> </span><span class=\"ff66\"> <span class=\"_ _4d\"> </span>1 <span class=\"_ _141\"> </span></span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:312.44275px;\">Net re-measurements included within Group operating profit<span class=\"_ _2b\"> </span><span class=\"fcf\"> <span class=\"_ _7e\"> </span>(3,393) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _4e\"> </span>(1,241)<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:296.84277px;\">Taxation on certain re-measurements (note 9)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hde ff66 fs63 fca sc0 ls0 ws0\" style=\"left:214.1565px; bottom:300.3235px;\">(ii)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:296.84277px;\"> <span class=\"_ _81\"> </span>1,000 <span class=\"_ _8a\"> </span><span class=\"ff6b\"> <span class=\"_ _104\"> </span>486<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:281.24274px;\">Certain re-measurements after taxation <span class=\"_ _1a6\"> </span><span class=\"fcf\"> <span class=\"_ _7e\"> </span>(2,393) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(755)<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:261.78174px;\">(i)<span class=\"_ _ab\"> </span>The onerous supply contract provision represents the <span class=\"_ _1\"></span>future costs to fulfil customer contracts on a current market price basis. The associated hedging gains or losses<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:251.64178px;\">are separately recognised within the losses/gains arising on market price movements and new contracts. The movement in the on<span class=\"_ _1\"></span>erous provision is detailed in note 3(b).<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:241.50177px;\">(ii)<span class=\"_ _147\"> </span>Taxation on onerous energy supply contracts amounted to a \u00a3(295) million debit (<span class=\"_ _1\"></span>2021: \u00a3481 million credit) and taxation on other certain re-measurements amounted to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:231.36176px;\">\u00a31,295 million credit (2021: \u00a35 million credit), including \u00a3473 million associated with re-basing deferred <span class=\"_ _b\"></span>tax on certain relevant derivatives for the Energy Profits Levy.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:196.32675px;\">Year ended 31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:572.51605px; bottom:206.12875px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:577.09424px; bottom:196.76874px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:206.12875px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:196.76874px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:181.53271px;\">Total re-measurement and settlement of derivative energy contracts excluding:<span class=\"_ _93\"> </span><span class=\"ff66\"> <span class=\"_ _7e\"> </span>(8,484) <span class=\"_ _8f\"> </span></span> <span class=\"_ _2c\"> </span>(434)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:165.93274px;\">IFRS 9 business performance revenue<span class=\"_ _1a7\"> </span><span class=\"ff66\"> <span class=\"_ _7e\"> </span>(9,896) <span class=\"_ _106\"> </span></span> <span class=\"_ _4e\"> </span>(3,556)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:150.33273px;\">IFRS 9 business performance cost of sales<span class=\"_ _1a8\"> </span><span class=\"ff66\"> <span class=\"_ _7b\"> </span>13,220 <span class=\"_ _141\"> </span></span> <span class=\"_ _47\"> </span>5,279<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:134.73273px;\">Unrealised certain re-measurements recognised in relation to energy contracts included in gross profit<span class=\"_ _f1\"> </span><span class=\"fcf\"> <span class=\"_ _7e\"> </span>(5,160) <span class=\"_ _8f\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,289<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:119.13272px;\">Onerous contract provision movement (cost of sales)<span class=\"_ _1a9\"> </span><span class=\"ff66\"> <span class=\"_ _81\"> </span>1,766 <span class=\"_ _8a\"> </span></span> <span class=\"_ _14d\"> </span>(2,530)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:103.532715px;\">Total certain re-measurements<span class=\"_ _1aa\"> </span><span class=\"fcf\"> <span class=\"_ _7e\"> </span>(3,394) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _4e\"> </span>(1,241)<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:76.3757px;\">The table below reflects the certain re-measurement derivative movements by business segment:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:47.86673px;\">Year ended 31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:572.51605px; bottom:57.668762px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:577.09424px; bottom:48.308746px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:57.668762px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:48.308746px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:33.072723px;\">UK Energy Supply (British Gas Energy and Centrica Business Solutions)<span class=\"_ _1ab\"> </span><span class=\"ff66\"> <span class=\"_ _7e\"> </span>(6,364) <span class=\"_ _106\"> </span></span> <span class=\"_ _81\"> </span>3,917<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:17.472717px;\">Upstream/Energy Marketing &amp; Trading/Bord G\u00e1is<span class=\"_ _1ac\"> </span><span class=\"ff66\"> <span class=\"_ _81\"> </span>1,204 <span class=\"_ _8a\"> </span></span> <span class=\"_ _14d\"> </span>(2,628)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:1.8727112px;\">Unrealised certain re-measurements recognised in relation to energy contracts included in gross profit<span class=\"_ _f1\"> </span><span class=\"fcf\"> <span class=\"_ _7e\"> </span>(5,160) <span class=\"_ _8f\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,289<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:599.55945px;\">7.<span class=\"_ _178\"> </span>Exceptional items and certain re-measurements<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:580.6575px;\">(b)<span class=\"_ _a9\"> </span> Exceptional items<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:551.8494px;\">Exceptional items are those items that, in the judgement of the Directors, need to be disclosed separately by virtue of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:538.5895px;\">their nature, size or incidence. Items which may be considered exceptional in nature include disposals of businesses or<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:525.32947px;\">significant assets, business restructurings, pension change costs or credits, significant debt repurchase costs and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:512.06946px;\">asset write-downs/impairments and write-backs.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:466.55646px;\">Year ended 31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:572.51605px; bottom:476.35852px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:577.09424px; bottom:466.99847px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:476.35852px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:466.99847px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:451.76245px;\">Exceptional items recognised in continuing operations<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:436.1624px;\">Loss on disposal of E&amp;P Norway<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:158.03316px; bottom:439.6432px;\">(i)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:436.1624px;\"> <span class=\"_ _30\"> </span>(362) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:420.56244px;\">Impairment of E&amp;P Norway disposal group assets (including disposal related costs) and related a<span class=\"_ _1\"></span>sset write-downs<span class=\"_ _4e\"> </span><span class=\"ff66\"> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _8a\"> </span></span> <span class=\"_ _2c\"> </span>(244)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:404.96246px;\">Write-back of other exploration and production assets (including completed field disposals)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:410.75302px; bottom:408.44318px;\">(ii)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:404.96246px;\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _104\"> </span>838<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:389.36243px;\">Write-back of power assets<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:134.62912px; bottom:392.8432px;\">(iii)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:389.36243px;\"> <span class=\"_ _b4\"> </span>207 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _104\"> </span>747<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:373.76245px;\">Impairment of Centrica Business Solutions goodwill and other assets<span class=\"_ _1ab\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span></span> <span class=\"_ _2c\"> </span>(123)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:358.1624px;\">Fair value uplift on minority investment prior to transfer to asset held for sale <span class=\"_ _1ad\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span></span> <span class=\"_ _2a\"> </span>15<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:342.5625px;\">Restructuring credit<span class=\"_ _1ae\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span></span> <span class=\"_ _2a\"> </span>14<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:326.96246px;\">Exceptional items included within Group operating profit<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hde ff66 fs63 fca sc0 ls0 ws0\" style=\"left:264.10587px; bottom:330.44324px;\">(iv)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:326.96246px;\"> <span class=\"_ _30\"> </span>(155) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,247<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:311.3625px;\">Net exceptional item taxation (note 9)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:164.83514px; bottom:314.8432px;\">(v)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:311.3625px;\"> <span class=\"_ _30\"> </span>(207) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(250)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:295.7625px;\">Net exceptional items recognised in continuing operations after taxation<span class=\"_ _db\"> </span><span class=\"fcf\"> <span class=\"_ _7c\"> </span>(362) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _104\"> </span>997<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:280.16248px;\">Net exceptional items recognised in discontinued operations after taxation<span class=\"_ _1af\"> </span><span class=\"fcf\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _104\"> </span>624<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:264.5625px;\">Total exceptional items recognised after taxation<span class=\"_ _1b0\"> </span><span class=\"fcf\"> <span class=\"_ _30\"> </span>(362) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,621<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:233.33649px;\">Exceptional items recognised in discontinued operations<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:217.73645px;\">Profit on disposal of Direct Energy (including disposal related costs) <span class=\"_ _1a2\"> </span><span class=\"ff66\"> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _141\"> </span></span> <span class=\"_ _f4\"> </span>613<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:202.13647px;\">Exceptional items before taxation<span class=\"_ _16d\"> </span><span class=\"fcf\"> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _f4\"> </span>613<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:186.53647px;\">Net exceptional item taxation<span class=\"_ _1b1\"> </span><span class=\"ff66\"> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span></span> <span class=\"_ _51\"> </span>11<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:170.93646px;\">Net exceptional items recognised in discontinued operations after taxation<span class=\"_ _1b2\"> </span><span class=\"fcf\"> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _8\"> </span>624<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:151.47546px;\">(i)<span class=\"_ _ab\"> </span>The disposal of E&amp;P Norway completed on 31 May <span class=\"_ _1\"></span>2022. See note 12 for further details.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:139.38547px;\">(ii)<span class=\"_ _147\"> </span>Despite the increase in near-term liquid commodity prices (offset by the Energy Profi<span class=\"_ _1\"></span>t Levy implementation) no material impairment write-backs have been recorded for<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:129.24545px;\">exploration and production assets because field carrying values have now reached depreciated historic cost. In 2021, impairment write-backs of \u00a3829 million (post-tax<span class=\"_ _b\"></span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:119.10547px;\">\u00a3476 million) were booked, alongside a field disposal and decommissioning provision reduction of \u00a39 million (post-tax \u00a32 million).<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:107.01544px;\">(iii)<span class=\"_ _141\"> </span>In the Upstream segment, a write-back of the nuclear investment of \u00a3195 million (post-tax \u00a3195 million) has been recorded predominantly as a result of the improvement<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:96.87546px;\">in forecast commodity prices and changes to the associate\u2019s pension position (offset by the announcement of the Electricity Generator Levy, applicable from 1 January<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:86.73547px;\">2023). In the Centrica Business Solutions segment, a write-back of \u00a312 million (post-tax \u00a39 million) has been recorded, predominantly related to a <span class=\"_ _b\"></span>gas engine, also<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:76.59549px;\">following improvements in forecast commodity prices. See note 7(c).<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:64.50549px;\">(iv)<span class=\"_ _8a\"> </span>Exceptional items for 2022 are non-cash, except for the disposal consideration received for E&amp;P Norway<span class=\"_ _1\"></span> (see note 12) which is reflected in the Sale of businesses line<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:54.365417px;\">item in the Group Cash Flow Statement. The cash flows recorded as payments relating to exceptional charges of \u00a324 million in the Group Cash Flow<span class=\"_ _b\"></span> Statement relate to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:44.225464px;\">previous year exceptional restructuring costs.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:32.135468px;\">(v)<span class=\"_ _14\"> </span>Exceptional item taxation includes a credit of \u00a3121 million associated with net deferred tax asset recognition related to exploration and production tax <span class=\"_ _b\"></span>losses, investment<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:21.995483px;\">allowance and decommissioning carrying back, due to the increase in forecast commodity prices. Also included is a debit of \u00a3325 million<span class=\"_ _1\"></span> from the recognition of higher<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:11.855499px;\">deferred tax liability balances associated with exploration and production accelerated capital allowances, due to the implementation of the Energy Profits <span class=\"_ _b\"></span>Levy. These two<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:1.7154236px;\">items are unrelated to the other exceptional items.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:816.4758px;\">7.<span class=\"_ _178\"> </span>Exceptional items and certain re-measurements<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:797.57385px;\">(c)<span class=\"_ _a9\"> </span>Impairment accounting policy, process and sensitivities<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:777.72284px;\">The information provided below relates to the assets and CGUs (or groups<span class=\"_ _b\"></span> of CGUs) that have been subject to impairment write-backs<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:764.4629px;\">during the year.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:746.3668px;\">Exceptional impairments/write-back assessments of assets measured on a Value-in-use (VIU) basis<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:712.3589px;\">Segment<span class=\"_ _f7\"> </span>Asset/CGU <span class=\"_ _ec\"> </span>Basis for write-back assessment<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:542.91077px; bottom:731.0788px;\">Recoverable<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:560.12366px; bottom:721.7189px;\">amount<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:577.09424px; bottom:712.3589px;\">\u00a3m<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:610.85565px; bottom:721.7189px;\">Write-back<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:639.75323px; bottom:712.3589px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:697.8119px;\">Upstream<span class=\"_ _10d\"> </span>Nuclear<span class=\"_ _5c\"> </span>The year-on-year increase in short-term baseload power<span class=\"_ _1\"></span> prices, together<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:206.95541px; bottom:686.1119px;\">with the actuarial changes to the associate's pension position has more<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:206.95541px; bottom:674.41187px;\">than offset the announcement of the implementation of the Electricity<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:206.95541px; bottom:662.71185px;\">Generator Levy from 1 January 2023  </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:697.8119px;\"> <span class=\"_ _81\"> </span>1,560 <span class=\"_ _8a\"> </span> <span class=\"_ _104\"> </span>195<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h27 ff67 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:635.30786px;\">Nuclear<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:622.04785px;\">A VIU calculation has been used to determine the recoverable amount of the Group\u2019s investment in Nuclear. The cash flows incorporated<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:608.7879px;\">in the valuation are based on detailed business forecasts in the short term, extrapolated to future years to account for the expected<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:595.5278px;\">generation profile of the fleet for its remaining life. Assumptions include forward commodity prices, capacity rates, fuel and network costs,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:582.2678px;\">and operating and capital expenditure requirements. Price assumptions are based on liquid market prices for 2023 to 2026 which are then<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:569.0078px;\">blended over a one-year period to long-term price forecasts. Long-term price assumptions derived from third-party market comparator<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:555.7478px;\">median curves are used due to alignment with pricing that a reasonable market participant would use.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:538.5878px;\">The recently announced Electricity Generator Levy, applying a 45% tax rate to revenues generated over \u00a375/MWh from 1 January 2023 to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:525.3278px;\">31 March 2028, based on the above price assumptions, has also been included in the assessment.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:508.16785px;\">The VIU calculation assumes that the Sizewell plant operates until 2055, reflecting a 20-year extension beyond its original design life. In the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:494.90784px;\">absence of this extension, the carrying value of the Group\u2019s investment in Nuclear would be reduced by \u00a3178 million. All other stations\u2019 life<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:481.64783px;\">assumptions are aligned to lifetime closure dates announced by the operator (being between March 2024 and March 2028).<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:464.48785px;\">The VIU calculation is also sensitive to changes in outage assumptions, and the base level generation volumes assumed for the fleet were<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:451.22784px;\">increased during the period based on a review of outage levels in recent years. A reduction of 5% in the unplanned outage rate applied to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:437.96783px;\">volumes across the nuclear fleet would lead to a write-back movement of \u00a3141 million.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:420.80786px;\">The future pre-tax cash flows generated by the investment in the associate are discounted using a pre-tax nominal discount rate of 24.8%<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:408.43185px;\">(2021: 14.7%). This equated to a post-tax rate of 8.0% (<span class=\"_ _1\"></span>2021: 5.75%). The post-tax discount rate is initially derived from the Group<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:396.05582px;\">weighted average cost of capital as adjusted for the risks associated with the asset and with reference to comparator companies. The<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:383.67984px;\">pre-tax rate is then back-calculated by removing tax cash flows and assessing the rate that would give <span class=\"_ _1\"></span>the same result as the post-tax<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:371.30386px;\">rate. Due to the elevated near-term power prices which results in significantly elevated cash flows in the near-term, the pre-tax<span class=\"_ _b\"></span> discount<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:358.92783px;\">rate has significantly increased. A 2% increase in the post-tax discount rate would lead to an impairment of \u00a3113 million (when compared<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:346.55185px;\">with the closing year-end carrying value). Similarly, a 2% reduction in the post-tax discount rate would lead to an increased write-back of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:334.1758px;\">\u00a3150 million.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:317.89987px;\">The asset is particularly sensitive to changes in commodity price and the table below details average prices for the first 5- and 10-year<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:304.63986px;\">periods and associated sensitivities. Note that the asset is valued for its entire economic life and not just this 15-year p<span class=\"_ _1\"></span>eriod.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:437.79745px; bottom:284.90585px;\">Change in pre/post-tax write-back/(impairment)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fcf sc0 ls0 ws0\" style=\"left:617.6855px; bottom:287.69046px;\">(ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:158.03316px; bottom:270.8658px;\">Five-year liquid and blended-<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:185.54596px; bottom:261.50586px;\">period price<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fcf sc0 ls0 ws0\" style=\"left:233.50818px; bottom:264.29047px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:309.47757px; bottom:270.8658px;\">10-year long-term<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:313.812px; bottom:261.50586px;\">average price<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fcf sc0 ls0 ws0\" style=\"left:366.8744px; bottom:264.29047px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:457.15247px; bottom:261.50586px;\">+10%<span class=\"_ _ef\"> </span>-10%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:162.4057px; bottom:246.88086px;\">2023-2027<span class=\"_ _13\"> </span>2022-2026<span class=\"_ _68\"> </span>2028-2037<span class=\"_ _13\"> </span>2027-2036<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:158.03316px; bottom:232.84082px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:191.70914px; bottom:223.48087px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:223.44266px; bottom:232.84082px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:253.19238px; bottom:223.48087px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:291.0632px; bottom:232.84082px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:322.3394px; bottom:223.48087px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:355.43387px; bottom:232.84082px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:384.92422px; bottom:223.48087px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:415.00974px; bottom:232.84082px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:446.72247px; bottom:223.48087px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:480.04236px; bottom:232.84082px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:509.61737px; bottom:223.48087px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:539.3072px; bottom:232.84082px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:572.51605px; bottom:223.48087px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:603.9351px; bottom:232.84082px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:223.48087px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:181.65715px; bottom:209.5969px;\">\u00a3/MWh<span class=\"_ _109\"> </span><span class=\"ff6b fcf\">\u00a3/MWh<span class=\"_ _51\"> </span></span>\u00a3/MWh<span class=\"_ _109\"> </span><span class=\"ff6b fcf\">\u00a3/MWh<span class=\"_ _85\"> </span></span>\u00a3m<span class=\"_ _53\"> </span><span class=\"ff6b fcf\">\u00a3m<span class=\"_ _53\"> </span></span>\u00a3m<span class=\"_ _53\"> </span><span class=\"ff6b fcf\">\u00a3m<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:194.30887px;\">Baseload power</div><div class=\"t m0 hee ff6f fs1d fcf sc0 ls0 ws0\" style=\"left:152.55847px; bottom:194.1658px;\"> <span class=\"_ _78\"> </span>150 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _b8\"> </span>93 <span class=\"_ _12\"> </span></span> <span class=\"_ _b8\"> </span>63 </div><div class=\"t m0 hee ff6d fs1d fcf sc0 ls0 ws0\" style=\"left:346.29434px; bottom:193.07385px;\"> <span class=\"_ _b8\"> </span>49 </div><div class=\"t m0 hee ff6f fs1d fcf sc0 ls0 ws0\" style=\"left:408.06308px; bottom:194.1658px;\"> <span class=\"_ _78\"> </span>198 <span class=\"_ _9e\"> </span><span class=\"ff6d\"> <span class=\"_ _78\"> </span>319 <span class=\"_ _9e\"> </span></span> <span class=\"_ _7c\"> </span>(198) </div><div class=\"t m0 hee ff6d fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:193.07385px;\"> <span class=\"_ _4c\"> </span>(317)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:569.589px; bottom:179.99585px;\">-50%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:555.00037px; bottom:170.63583px;\">Five-year<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:552.4134px; bottom:161.27583px;\">liquid and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:556.37225px; bottom:151.91582px;\">blended-<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:547.4924px; bottom:142.55586px;\">period only</div><div class=\"t m0 hf9 ff6f fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:127.865814px;\"> <span class=\"_ _4c\"> </span>(565)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:109.27583px;\">(i)<span class=\"_ _ab\"> </span>Prices are shown in <span class=\"_ _b\"></span>2021 real terms.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:99.13583px;\">(ii)<span class=\"_ _147\"> </span>A 10% change was historically deemed to represent a reasonably possible variation across the entire period covered by the liquid market and comparator curves used in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:88.99585px;\">the nuclear impairment test. Given the increases in commodity prices during 2021 and<span class=\"_ _1\"></span> 2022, a further sensitivity has been included based on a 50% fall in liquid and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:78.855865px;\">blend-period commodity prices only.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:55.16983px;\">Furthermore, there is also uncertainty due to climate change and international governmental intervention to reduce CO<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hfa ff65 fs65 fcf sc0 ls0 ws0\" style=\"left:558.8494px; bottom:52.799606px;\">2</div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:562.8763px; bottom:55.16983px;\"> emissions and the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:41.90982px;\">likely impact this will have on both power demand and forecast prices. As a result, a further sensitivity is disclosed below based on<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:28.64988px;\">forecast prices aligned to the net zero price curve issued by Aurora (a power analytics provider), which assumes governmental policies are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.389862px;\">put in place to achieve the temperature and net zero goals by 2050. This sensitivity retains the prices for the liquid period (four years) but<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1298523px;\">replaces the longer term thereafter with Aurora\u2019s forecast prices for net zero.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:744.5751px;\">7.<span class=\"_ _178\"> </span>Exceptional items and certain re-measurements<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:560.12366px; bottom:710.1511px;\">10-year<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:551.24677px; bottom:700.7911px;\">long-term<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:530.8854px; bottom:691.431px;\">average price<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fc12 sc0 ls0 ws0\" style=\"left:583.1019px; bottom:694.2157px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:613.5628px; bottom:710.1511px;\">Change in</div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:603.9351px; bottom:700.7911px;\"> pre/post-tax<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:602.12354px; bottom:691.431px;\">impairment<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fc12 sc0 ls0 ws0\" style=\"left:645.6091px; bottom:694.2157px;\">(ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:550.173px; bottom:676.806px;\">2028-2037<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:570.64496px; bottom:662.181px;\">2022<span class=\"_ _117\"> </span>\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:647.1401px;\">Baseload power (\u00a3/MWh)<span class=\"_ _1b3\"> </span><span class=\"ff66\">59</span></div><div class=\"t m0 hf9 ff6f fs1d fcf sc0 ls0 ws0\" style=\"left:594.52454px; bottom:647.4911px;\"> <span class=\"_ _22\"> </span>(93)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:627.9261px;\">(i)<span class=\"_ _ab\"> </span>Prices shown in 2021 real <span class=\"_ _1\"></span>terms.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:617.78613px;\">(ii)<span class=\"_ _147\"> </span>Change would lead to an impairment of the carrying value.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hfc ff6f fs11 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:592.5141px;\">Exceptional impairments/write-back of assets measured on a <span class=\"_ _1\"></span>FVLCD basis<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:578.50006px;\">Fair value less costs of disposal (FVLCD) is determined by discounting the post-tax cash flows expected to be generated by the ass<span class=\"_ _1\"></span>ets<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:565.24005px;\">or CGU, net of associated selling costs, taking into account those assumptions that market participants would use in estimating fair value.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:551.9801px;\">Post-tax cash flows used in the FVLCD calculation are based on the Group\u2019s Board-approved business plans and strategic shape<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:538.5641px;\">assumptions, together with, where relevant, long-term production and cash flow forecasts<span class=\"_ _1\"></span><span class=\"ff6d\">.<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:521.56006px;\">No exceptional impairments or write-backs have been recorded in 2022 for assets measured on a FVLCD basis. Nonetheless, the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:508.30005px;\">Upstream gas assets still have a significant carrying value on the balance sheet and accordingly further sensitivities are provided in the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:495.0401px;\">paragraph below:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h27 ff67 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:477.88007px;\">Upstream gas assets<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:464.62012px;\">For Upstream gas assets post-tax cash flows are derived from projected production profiles of each field, taking into account forward<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:451.3601px;\">prices for gas and liquids over the relevant period. Where forward market prices are not available (i.e. outside the active period for each<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:438.1001px;\">commodity), prices are determined based on the median of third-party market comparator curves. The date of cessation of production<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:424.8401px;\">depends on the interaction of a number of variables, such as the recoverable quantities of hydrocarbons, production costs, the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:411.58008px;\">contractual duration of the licence area and the selling price of the gas and liquids produced. As each field has specific reservoir<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:398.32007px;\">characteristics and economic circumstances, the post-tax cash flows for each field are computed using individual economic models.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:385.06006px;\">Price assumptions are critical and use liquid market prices for 2023 to 2026, blended over a one-year period to long-term price forecasts.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:371.80005px;\">Long-term price assumptions derived from third-party market comparator median curves are deemed best aligned with pricing that a<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:358.5401px;\">reasonable market participant would use. Following the implementation of the Energy <span class=\"_ _1\"></span>Profits Levy, the increased tax rates have been<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:345.28006px;\">included in the FVLCD calculations until the sunset date of 31 March 2028.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:328.1201px;\">The future post-tax cash flows are discounted using a post-tax nominal discount rate of 10.5% (<span class=\"_ _1\"></span>2021: 10.0%).<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:310.96008px;\">As forward commodity prices are a key assumption in these valuations, average prices and associated impairment sensitivities for the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:297.70007px;\">Group\u2019s upstream gas assets are shown below. Note that the fields are valued over their respective economic lives and the 5- and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:284.4401px;\">10-year pricing information shown below is just to provide context. Note also that following the disposal of the Norwegian and Statfjord<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:271.18008px;\">fields (see note 12), the asset portfolio reserves are predominantly gas (rather than liquids) and therefore only <span class=\"_ _1\"></span>NBP figures have been<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:257.9201px;\">shown below.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:434.63467px; bottom:238.1861px;\">Change in post-tax write-back/(impairment)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fcf sc0 ls0 ws0\" style=\"left:599.6309px; bottom:240.9707px;\">(ii)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:128.37936px; bottom:228.04611px;\">Five-year liquid and blended-<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:156.71938px; bottom:218.6861px;\">period price<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fc12 sc0 ls0 ws0\" style=\"left:203.48596px; bottom:221.4707px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:291.0632px; bottom:228.04611px;\">10-year long-term<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:294.93536px; bottom:218.6861px;\">average price (i)<span class=\"_ _fe\"> </span>+10%<span class=\"_ _1b4\"> </span>-10%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:140.40126px; bottom:204.0611px;\">2023-2027<span class=\"_ _4a\"> </span>2022-2026<span class=\"_ _22\"> </span>2028-2037<span class=\"_ _4a\"> </span>2027-2036<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:129.53636px; bottom:190.02112px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:162.4057px; bottom:180.6611px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:196.792px; bottom:190.02112px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:226.86737px; bottom:180.6611px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:272.02377px; bottom:190.02112px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:303.6194px; bottom:180.6611px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:339.9818px; bottom:190.02112px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:369.21738px; bottom:180.6611px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:402.38077px; bottom:190.02112px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:433.56738px; bottom:180.6611px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:470.86945px; bottom:190.02112px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:500.05884px; bottom:180.6611px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:532.3991px; bottom:190.02112px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:565.1924px; bottom:180.6611px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:600.65936px; bottom:190.02112px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:629.6429px; bottom:180.6611px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:439.99237px; bottom:166.0361px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:505.5614px; bottom:166.77713px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:570.64496px; bottom:166.0361px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:636.8744px; bottom:166.77713px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:150.99509px;\">NBP (p/th)</div><div class=\"t m0 hf9 ff6f fs1d fcf sc0 ls0 ws0\" style=\"left:120.572205px; bottom:151.34613px;\"> <span class=\"_ _48\"> </span>142 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:185.54596px; bottom:151.4891px;\"> <span class=\"_ _23\"> </span>83 </div><div class=\"t m0 hf9 ff6f fs1d fcf sc0 ls0 ws0\" style=\"left:262.51428px; bottom:151.34613px;\"> <span class=\"_ _bc\"> </span>69 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:327.54822px; bottom:151.4891px;\"> <span class=\"_ _23\"> </span>44 </div><div class=\"t m0 hf9 ff6f fs1d fcf sc0 ls0 ws0\" style=\"left:392.96838px; bottom:151.34613px;\"> <span class=\"_ _b3\"> </span>\u2014 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:458.33838px; bottom:151.4891px;\"> <span class=\"_ _b5\"> </span>8 </div><div class=\"t m0 hf9 ff6f fs1d fcf sc0 ls0 ws0\" style=\"left:524.02136px; bottom:151.34613px;\"> <span class=\"_ _b3\"> </span>\u2014 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:588.375px; bottom:151.4891px;\"> <span class=\"_ _21\"> </span>(7)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:562.8763px; bottom:126.841095px;\">-50%<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:525.4831px; bottom:117.48105px;\">Five-year liquid<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:533.404px; bottom:108.121124px;\">and blended-<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:540.42737px; bottom:98.76111px;\">period only</div><div class=\"t m0 hf9 ff6f fs1d fcf sc0 ls0 ws0\" style=\"left:524.02136px; bottom:84.07112px;\"> <span class=\"_ _a0\"> </span>(130)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:64.50606px;\">(i)<span class=\"_ _ab\"> </span>Prices are shown in 2021 real terms.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:52.416077px;\">(ii)<span class=\"_ _147\"> </span>Sensitivity relates to Upstream exploration and production assets and CGUs. A 10% change was historically deemed to represent a reasonably possible variation across<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:42.276093px;\">the entire period covered by both the liquid market and longer-term comparator curves used in upstream gas impairment tests. Given the increases in commodity <span class=\"_ _b\"></span>prices<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:32.13611px;\">during 2021 and 2022, a further sensitivity has been included based on a 50% fall in liquid and blend-period commodity prices only. The changes shown relate to further<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:21.996124px;\">write-backs or impairments and are restricted because the most material fields have already been written back to their depreciated historic cost and <span class=\"_ _b\"></span>have excess<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:11.856064px;\">impairment headroom. The post-tax net present value (NPV) movements of the fields <span class=\"_ _1\"></span>in +/-10% scenario are \u00a3150 million/\u00a3(144) million and in the -50% liquid price<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:1.7160797px;\">period scenario are \u00a3(711) million.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:217.88757px;\">7.<span class=\"_ _178\"> </span>Exceptional items and certain re-measurements<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:197.65955px;\">Furthermore, there is also uncertainty due to climate change and international governmental intervention to reduce CO<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hfa ff65 fs65 fcf sc0 ls0 ws0\" style=\"left:558.8494px; bottom:195.28937px;\">2</div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:562.8763px; bottom:197.65955px;\"> emissions and the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:184.39966px;\">likely impact this will have on gas demand and forecast prices. As a result, a further sensitivity is disclosed below based on forecast prices<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:171.13953px;\">aligned to the International Energy Agency\u2019s (IEA) Net Zero Emissions by 2050, which assumes governmental policies are put in place to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:157.87958px;\">achieve the temperature and net zero goals by 2050. This sensitivity retains the prices for the liquid period (four years) but replaces the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:144.61957px;\">longer term thereafter with the IEA\u2019s forecast prices for Net Zero Emissions by 2050.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:472.9809px; bottom:116.3056px;\">10-year<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:464.47748px; bottom:106.94562px;\">long-term<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:444.5741px; bottom:97.58557px;\">average price<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fc12 sc0 ls0 ws0\" style=\"left:497.11304px; bottom:100.37024px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:539.3072px; bottom:125.66559px;\">Change in</div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:542.91077px; bottom:116.3056px;\"> post-tax<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:533.404px; bottom:106.94562px;\">write-back/<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:522.72906px; bottom:97.58557px;\">(impairment)</div><div class=\"t m0 heb ff66 fs64 fc12 sc0 ls0 ws0\" style=\"left:569.589px; bottom:100.37024px;\"> (ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:613.5628px; bottom:116.3056px;\">Change in</div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:617.6855px; bottom:106.94562px;\"> post-tax<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:627.06537px; bottom:97.58557px;\">NPV</div><div class=\"t m0 heb ff66 fs64 fc12 sc0 ls0 ws0\" style=\"left:643.43933px; bottom:100.37024px;\"> (iii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:462.9228px; bottom:82.96057px;\">2028-2037<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:483.75983px; bottom:68.33557px;\">2022<span class=\"_ _e9\"> </span>\u00a3<span class=\"_ _b\"></span>m<span class=\"_ _e9\"> </span>\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:53.294556px;\">NBP (p/th)<span class=\"_ _158\"> </span><span class=\"ff66\"> <span class=\"_ _49\"> </span>38 <span class=\"_ _9e\"> </span> <span class=\"_ _10\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _53\"> </span>(72)<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:34.080627px;\">(i)<span class=\"_ _ab\"> </span>Prices shown in 2021 real <span class=\"_ _1\"></span>terms.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:21.99054px;\">(ii)<span class=\"_ _147\"> </span>Change in impairment restricted due to the most material fields having already been written back to their depreciated historic cost and having excess <span class=\"_ _b\"></span>impairment<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:11.850586px;\">headroom.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:1.7105713px;\">(iii)<span class=\"_ _141\"> </span>Despite no change to the carrying value of the assets, the net present value (NPV) of the fields would reduce under net zero scenarios.<span class=\"_ _2b7\"> </span></div>",
   "dimensions": {
    "concept": "centrica:DisclosureOfExceptionalItemsAndCertainReMeasurements",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-462": {
   "value": "8. Net finance cost Financing costs mainly comprise interest on bonds and bank debt, the results of hedging activities used to manage  foreign exchange and interest rate movements on the Group\u2019s borrowings and notional interest arising from the  discounting of decommissioning provisions and pensions. An element of financing cost is capitalised on qualifying  projects.  Investment income predominantly includes interest received from short-term investments in money market funds, bank  deposits and government bonds. Continuing operations 2022 2021 Financing  costs \u00a3m Investment  income \u00a3m Total \u00a3m Financing  costs \u00a3m Investment  income \u00a3m Tota l \u00a3mYear ended 31 December Cost of servicing net debt: Interest income   \u2014    52    52    \u2014    5    5  Interest cost on bonds, bank loans and  overdrafts   (184)    \u2014    (184)    (189)    \u2014    (189)  Interest cost on lease liabilities   (6)    \u2014    (6)    (6)    \u2014    (6)   (190)    52    (138)    (195)    5    (190)  Net gains on revaluation   \u2014    22    22    \u2014    4    4  Notional interest arising from discounting    (3)    3    \u2014    (7)    \u2014    (7)   (193)    77    (116)    (202)    9    (193)  Other interest charges  (i)  (31)    \u2014    (31)    (2)    \u2014    (2 ) Capitalised borrowing costs  (ii)  4    \u2014    4    8    \u2014    8  Financing (cost)/income   (220)    77    (143)    (196)    9    (187)  (i) Other interest charges includes interest charged on cash collateral, and fees for letters of credit. The cash flow associated is \u00a330 million. (ii) Borrowing costs have been capitalised using an average rate of 5.57% (2021: 4.49%). The capitalised borrowing costs in 2022 relate entirely to the Norwegian assets  held for sale, and subsequently disposed of. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-548": {
   "value": "8. Net finance cost Financing costs mainly comprise interest on bonds and bank debt, the results of hedging activities used to manage  foreign exchange and interest rate movements on the Group\u2019s borrowings and notional interest arising from the  discounting of decommissioning provisions and pensions. An element of financing cost is capitalised on qualifying  projects.  Investment income predominantly includes interest received from short-term investments in money market funds, bank  deposits and government bonds. Continuing operations 2022 2021 Financing  costs \u00a3m Investment  income \u00a3m Total \u00a3m Financing  costs \u00a3m Investment  income \u00a3m Tota l \u00a3mYear ended 31 December Cost of servicing net debt: Interest income   \u2014    52    52    \u2014    5    5  Interest cost on bonds, bank loans and  overdrafts   (184)    \u2014    (184)    (189)    \u2014    (189)  Interest cost on lease liabilities   (6)    \u2014    (6)    (6)    \u2014    (6)   (190)    52    (138)    (195)    5    (190)  Net gains on revaluation   \u2014    22    22    \u2014    4    4  Notional interest arising from discounting    (3)    3    \u2014    (7)    \u2014    (7)   (193)    77    (116)    (202)    9    (193)  Other interest charges  (i)  (31)    \u2014    (31)    (2)    \u2014    (2 ) Capitalised borrowing costs  (ii)  4    \u2014    4    8    \u2014    8  Financing (cost)/income   (220)    77    (143)    (196)    9    (187)  (i) Other interest charges includes interest charged on cash collateral, and fees for letters of credit. The cash flow associated is \u00a330 million. (ii) Borrowing costs have been capitalised using an average rate of 5.57% (2021: 4.49%). The capitalised borrowing costs in 2022 relate entirely to the Norwegian assets  held for sale, and subsequently disposed of. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-524": {
   "value": "8. Net finance cost Financing costs mainly comprise interest on bonds and bank debt, the results of hedging activities used to manage  foreign exchange and interest rate movements on the Group\u2019s borrowings and notional interest arising from the  discounting of decommissioning provisions and pensions. An element of financing cost is capitalised on qualifying  projects.  Investment income predominantly includes interest received from short-term investments in money market funds, bank  deposits and government bonds. Continuing operations 2022 2021 Financing  costs \u00a3m Investment  income \u00a3m Total \u00a3m Financing  costs \u00a3m Investment  income \u00a3m Tota l \u00a3mYear ended 31 December Cost of servicing net debt: Interest income   \u2014    52    52    \u2014    5    5  Interest cost on bonds, bank loans and  overdrafts   (184)    \u2014    (184)    (189)    \u2014    (189)  Interest cost on lease liabilities   (6)    \u2014    (6)    (6)    \u2014    (6)   (190)    52    (138)    (195)    5    (190)  Net gains on revaluation   \u2014    22    22    \u2014    4    4  Notional interest arising from discounting    (3)    3    \u2014    (7)    \u2014    (7)   (193)    77    (116)    (202)    9    (193)  Other interest charges  (i)  (31)    \u2014    (31)    (2)    \u2014    (2 ) Capitalised borrowing costs  (ii)  4    \u2014    4    8    \u2014    8  Financing (cost)/income   (220)    77    (143)    (196)    9    (187)  (i) Other interest charges includes interest charged on cash collateral, and fees for letters of credit. The cash flow associated is \u00a330 million. (ii) Borrowing costs have been capitalised using an average rate of 5.57% (2021: 4.49%). The capitalised borrowing costs in 2022 relate entirely to the Norwegian assets  held for sale, and subsequently disposed of. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-463": {
   "value": "9. Taxation The taxation note details the different tax charges and rates, including current and deferred tax arising in the Group.  The current tax charge is the tax payable on this year\u2019s taxable profits together with amendments in respect of tax  provisions made in earlier years. This tax charge excludes the Group\u2019s share of taxation on the results of joint ventures  and associates. Deferred tax represents the tax on differences between the accounting carrying values of assets and  liabilities and their tax bases. These differences are temporary and are expected to unwind in the future. (a)  Analysis of tax charge 2022 2021 Year ended 31 December  Business  performance \u00a3m Exceptional  items and  certain re- measurements \u00a3m Results for  the year \u00a3m Business  performance \u00a3m Exceptional items and  certain re- measurements \u00a3m Results for the year \u00a3m Continuing operations: Current tax UK corporation tax  (385)    (241)    (626)   (7)    (80)    (87)  UK petroleum revenue tax  2    \u2014    2   24    \u2014    24  Non-UK tax  (477)    32    (445)   (386)    (21)    (407)  Adjustments in respect of prior years \u2013 UK   (47)    24    (23)   (1)    18    17  Adjustments in respect of prior years \u2013 non-UK   (8)    \u2014    (8)    6    \u2014    6  Total current tax  (915)    (185)    (1,100)    (364)    (83)    (447)  Deferred tax Origination and reversal of temporary differences \u2013 UK  (105)    755    650    (63)    520    457  UK petroleum revenue tax  6    (19)    (13)    (9)    (129)    (138)  Origination and reversal of temporary differences \u2013 non-UK  (89)    32    (57)    (63)    (45)    (108)  Change in UK tax rate  (7)    242    235    6    (9)    (3)  Adjustments in respect of prior years \u2013 UK   49    (27)    22    36    (18)    18  Adjustments in respect of prior years \u2013 non-UK  15    (5)    10    3    \u2014    3  Total deferred tax  (131)    978    847    (90)    319    229  Total taxation on profit/(loss) from continuing operations  (i)  (1,046)    793    (253)    (454)    236    (218)  Discontinued operations: Current tax \u2013 non-UK  \u2014    \u2014    \u2014    \u2014    11    11  Total taxation on profit from discontinued operations  \u2014    \u2014    \u2014   \u2014    11    11  Total taxation on profit/(loss) for the year  (1,046)    793    (253)   (454)    247    (207)  (i) Total taxation on profit/(loss) excludes taxation on the Group\u2019s share of profits of joint ventures and associates. UK tax rates Most activities in the UK are subject to the standard rate for UK corporation tax of 19% (2021: 19%). Upstream gas production activities  are taxed at a rate of 30% (2021: 30%), a supplementary charge of 10% (2021: 10%), plus, with effect from 26 May 2022, the Energy  Profits Levy of 25% to give an overall tax rate of 65% (2021: 40%). Certain upstream gas production assets in the UK are subject to the  UK petroleum revenue tax (PRT) regime at the current tax rate of 0% (2021: 0%). The rate of Energy Profits Levy will increase to 35% from 25% with effect from 1 January 2023. The increase in rate was substantively  enacted on 30 November 2022 and therefore the upstream gas deferred tax balances included in these financial statements at  31 December 2022 have been re-measured at the higher rate. The UK corporation tax rate will increase to 25% with effect from 1 April 2023. At 31 December 2022, the relevant UK deferred tax assets  and liabilities included in these consolidated Group Financial Statements were based on the increased rate having regard to their reversal  profiles. Non-UK tax rates Norwegian upstream profits are taxed at the standard rate of 22% (2021: 22%) plus a special tax of 56% (2021: 56%) resulting in an  aggregate tax rate of 78% (2021: 78%).  Taxation in other jurisdictions, where the Group has a substantial presence, is calculated at the rate prevailing in those respective  jurisdictions. Jurisdictions and rates include the Republic of Ireland 12.5%, and Denmark 22%.  Prior year adjustments reflect changes made to estimates or to judgements when further information becomes available. Movements in deferred tax liabilities and assets are disclosed in note 16. Tax on items taken directly to equity is disclosed in note S4. 9. Taxation (b) Factors affecting the tax charge The Group is expected to continue carrying out most of its business activities in the UK and accordingly considers the standard UK rate to  be the appropriate reference rate.  The differences between the total taxation shown above and the amount calculated by applying the standard rate of UK corporation tax to  the profit/(loss) before taxation are as follows: 2022 2021 Business  performance \u00a3m Exceptional  items  and certain  re-measurements \u00a3m Results for  the year \u00a3m Business  performance \u00a3m Exceptional  items  and certain  re-measurements \u00a3m Results for  the year \u00a3m Year ended 31 December  Profit/(loss) before taxation from continuing operations   3,165    (3,548)    (383)    761    6    767  (Deduct)/add back share of (profits)/losses of joint ventures  and associates, net of interest and taxation   (92)    (1)    (93)    103    \u2014    103   3,073    (3,549)    (476)    864    6    870  Tax on profit/(loss) at standard UK corporation tax rate of  19% (2021: 19%)   (584)    674    90    (164)    (1)    (165)  Effects of: Depreciation/impairment on non-qualifying assets  1    37    38   (20)    39    19  Higher rates applicable to Upstream profits/losses  (429)    (112)    (541)   (347)    98    (249)  Energy profits levy charge for the year  (31)    (212)    (243)   \u2014    \u2014    \u2014  Energy profits levy re-measurement of deferred tax  balances   \u2014    148    148    \u2014    \u2014    \u2014  Non-UK tax rates (excluding Upstream)  (28)    (32)    (60)   (14)    8    (6)  Upstream investment incentives  32    \u2014    32   30    \u2014    30  Movements in uncertain tax provisions  (13)    \u2014    (13)   1    \u2014    1  Disposal of Norway business  \u2014    (69)    (69)   \u2014    \u2014    \u2014  Changes in UK tax rate  (7)    242    235   6    (9)    (3)  (Impairment)/write-back of deferred tax assets relating to  Upstream losses and decommissioning (note 7)   (1)    121    120    (8)    178    170  Petroleum revenue tax  1    \u2014    1   11    (77)    (66)  Prior year adjustment   9    (8)    1    44    \u2014    44  Other  4    4    8   7    \u2014    7  Taxation on profit/(loss) from continuing operations  (1,046)    793    (253)   (454)    236    (218)  Less: movement in deferred tax  131    (978)    (847)   90    (319)    (229)  Total current tax from continuing operations  (915)    (185)    (1,100)   (364)    (83)    (447)  Current tax from discontinued operations  \u2014    \u2014    \u2014   \u2014    11    11  Total current tax on profit/(loss) for the year  (915)    (185)    (1,100)   (364)    (72)    (436)  The Group is subject to taxation in a number of jurisdictions. The complexity of applicable rules may result in legitimate differences of  interpretation between the Group and taxing authorities (or between different taxing authorities) especially where an economic judgement  or valuation is involved. Resolution of these differences typically takes many years. The uncertain tax provisions represent multiple layers of  estimation for different time periods and different jurisdictions.  The Group has applied IFRIC 23: \u2018Uncertainty over Income Tax Treatments\u2019. The interpretation requires consideration of the likelihood that  the relevant taxing authority will accept an uncertain tax treatment in order to determine the measurement basis. The value is calculated in  accordance with the rules of the relevant tax authority when acceptance is deemed probable.  The Group\u2019s uncertain tax provision relates to differences in the interpretation of tax legislation in the UK and Canada. Due to the  uncertainty associated with such tax items, there is a possibility that, on conclusion of open tax matters at a future date, the final outcome  may differ. The uncertain tax provision represents management\u2019s assessment of the likely outcome of each issue. As at 31 December 2022 the provision for uncertain tax items was \u00a342 million (2021: \u00a3157 million). The reduction in the Group\u2019s uncertain  tax provision in the period predominantly relates to the sale of Spirit Energy\u2019s Norwegian business and transfer of the legal liabilities in  respect of the open tax disputes to the buyer, Sval Energi. The Group has provided an indemnity to Sval Energi in respect of open tax  disputes, currently valued at \u00a3129 million. See note 12. 9.  Taxation (c) Factors that may affect future tax charges The Group\u2019s effective tax rates are impacted by changes to the mix of activities and profitability across the territories in which it operates.  Effective tax rates may also fluctuate where profits and losses cannot be offset for tax purposes. For example, losses arising in one  territory cannot be offset against profits in another.  The headline rate of tax on the ring fence profits from gas production in the UK was 40% (consisting of ring fence corporation tax of 30%  and supplementary charge of 10%) versus 19% UK statutory corporation tax rate. On 26 May 2022, the UK Government introduced with  immediate effect an Energy Profits Levy, which is an additional 25% tax on UK gas production profits on top of the existing 40% headline  rate of tax. As such, the Energy Profits Levy increases the headline rate of tax from 40% to 65% on the UK gas production profits from  26 May 2022. In the Autumn Statement published on 22 November 2022, the UK Government further increased the Energy Profits Levy from 25%  to 35%, increasing the headline rate of tax from 65% to 75% on gas production profits with effect from 1 January 2023. The Energy Profits Levy is intended to be a temporary measure and applies to gas production profits during the period from 26 May 2022  to 31 March 2028. The rate of 25% applies from 26 May until 31 December 2022 and the rate of 35% applies from 1 January 2023 until  31 March 2028. PRT is set at 0% but may still give rise to historic refunds from the carry-back of excess reliefs (for example, from decommissioning).  The UK Government also announced in the Autumn Statement its intention to introduce an Electricity Generator Levy applicable to the  revenues generated from renewable and nuclear sources. If enacted, the Electricity Generator Levy will apply at the tax rate of 45% to  electricity generation revenues, which will be determined by reference to revenue from sales exceeding a benchmark price of \u00a375/MWh.  The Electricity Generator Levy once enacted will apply from 1 January 2023 to 31 March 2028.  The Group\u2019s effective tax rate is dependent on the proportion of Group profits and losses arising from its UK upstream and nuclear  activities relative to lower taxed UK and other jurisdictions profits and losses.  The Group monitors income tax developments in all the jurisdictions in which the Group operates, including the OECD Base Erosion and  Profit Shifting (BEPS) initiative, which may affect the Group\u2019s tax liabilities. On 8 October 2021, more than 135 countries of the OECD  Inclusive Framework on BEPS committed to fundamental changes to the international corporate tax system. This includes a proposed  global minimum corporation tax rate set at 15% for financial years beginning in 2023 and 2024. Steps to introduce a global minimum  corporation tax have either been enacted or are under serious consideration in the jurisdictions in which the Group operates. The Group  does not expect its tax liabilities to be materially increased as a result of the minimum corporate tax. (d) Relationship between current tax charge and taxes paid 2022 2021 UK \u00a3m  Non-UK \u00a3m  Total  \u00a3m UK \u00a3m  Non-UK \u00a3m  Total \u00a3m Year ended 31 December Current tax charge/(credit): (continuing and discontinuing activities) Corporation tax  649    453    1,102    70    390    460  Petroleum revenue tax  (2)    \u2014    (2)    (24)    \u2014    (24)  Total tax on results for the year (per note 9(b))  647    453    1,100    46    390    436  Current tax included in other comprehensive income  (i)  (29)    \u2014    (29)    (16)    \u2014    (16)  Total tax charge  618    453    1,071    30    390    420  Taxes paid/(refunded): Corporation tax  261    331    592    113    85    198  Petroleum revenue tax  (18)    \u2014    (18)    (49)    \u2014    (49)   243    331    574    64    85    149  Included in the following lines of the Group Cash Flow Statement: Taxes paid in net cash flows from continuing operating activities  574    140  Net cash flow from discontinued investing activities  \u2014    9  (i) Current tax movements relating to pension deficit payments are reported in other comprehensive income. See note 1 for further details. Differences between current tax charged and taxes paid arose principally due to the following factors: \u2022 Corporation tax payments are generally made by instalment, based on estimated taxable profits, or the prior period\u2019s profits.  Fluctuations in profits from year to year, one-off items and mark-to-market movements within the year may therefore give rise to  divergence between the charge for the year and the taxes paid. In certain jurisdictions advance tax payments are required (based on  estimated tax liabilities) which can result in overpayments. These are included as tax assets, to be refunded in a subsequent period; and \u2022 PRT refunds are based on results in the preceding six-monthly PRT period, therefore PRT cash movements will reflect refunds on a  six-month delay. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-464": {
   "value": "<div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:829.3251px;\">10.<span class=\"_ _13e\"> </span>Earnings per ordinary share<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:800.3351px;\">Earnings per share (EPS) is the amount of profit or loss attributable to each share. Basic EPS is the amount of profit or<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:787.0751px;\">loss for the year divided by the weighted average number of shares in issue during the year. Diluted EPS includes the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:773.81506px;\">impact of outstanding share options.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:741.17206px;\">Basic earnings per ordinary share has been calculated by dividing the <span class=\"_ _1\"></span>loss attributable to equity holders of the Company for the year of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:727.9121px;\">\u00a3782 million (2021: profit of \u00a31,210 million) by the weighted average number of ordinary shares in iss<span class=\"_ _b\"></span>ue during the year of <span class=\"_ _1\"></span>5,869 million<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:714.65204px;\">(2021: 5,836 million). The number of shares excludes 32 million ordinary shares (<span class=\"_ _1\"></span>2021: 35 million), being the weighted average number of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:701.3921px;\">the Company\u2019s own shares held in the employee share trust and treasury shares repurchased during the year by the Group as part of the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:688.1321px;\">share repurchase programme. These 32 million shares do not include shares expected to be repurchased as part of the Group\u2019s share<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:674.8721px;\">buyback scheme during 2023. See note S4.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:657.71216px;\">The Directors believe that the presentation of adjusted basic earnings per ordinary share, being the basic earnings per ordinary share<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:644.452px;\">adjusted for certain re-measurements and exceptional items, assists with understanding the underlying performance of the Group<span class=\"_ _1\"></span>, as<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:631.1921px;\">explained in note 2.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:614.0321px;\">Information presented for diluted and adjusted diluted earnings per ordinary share uses the weighted average number of shares as<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:600.7721px;\">adjusted for 68 million (2021: 69 million) potentially dilutive ordinary shares as the denominator, unless it has the effect of increasing the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:587.35614px;\">profit or decreasing the loss attributable to each share.<span class=\"_ _1\"></span><span class=\"ff6d\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:565.51605px;\">Continuing and discontinued operations<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:439.99237px; bottom:549.05804px;\">2022<span class=\"_ _118\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hda ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:525.6581px;\">Year ended 31 December <span class=\"_ _18d\"> </span><span class=\"ff66 fc12\">\u00a3m<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:474.55505px; bottom:535.01807px;\">Pence per<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:458.33838px; bottom:525.6581px;\">ordinary share<span class=\"_ _130\"> </span><span class=\"ff6b fcf\">\u00a3m<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:616.25635px; bottom:535.01807px;\">Pence per</div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:599.6309px; bottom:525.6581px;\"> ordinary share<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:511.11108px;\">Earnings \u2013 basic<span class=\"_ _1bf\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>(782) <span class=\"_ _106\"> </span> <span class=\"_ _10c\"> </span>(13.3) <span class=\"_ _1b7\"> </span></span> <span class=\"_ _4c\"> </span>1,210 <span class=\"_ _23\"> </span>20.7<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:495.51105px;\">Net exceptional items after taxation (notes 2 and 7)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:223.44266px; bottom:498.99182px;\">(i)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:385.97736px; bottom:495.51105px;\"> <span class=\"_ _187\"> </span>279 <span class=\"_ _9e\"> </span> <span class=\"_ _55\"> </span>4.8 <span class=\"_ _167\"> </span><span class=\"ff6b\"> <span class=\"_ _82\"> </span>(1,521) <span class=\"_ _106\"> </span> <span class=\"_ _a0\"> </span>(26.0)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:479.91107px;\">Certain re-measurement losses after taxation (notes 2 and 7)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:265.25522px; bottom:483.39178px;\">(i)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:385.97736px; bottom:479.91107px;\"> <span class=\"_ _13f\"> </span>2,553 <span class=\"_ _141\"> </span> <span class=\"_ _8\"> </span>43.4 <span class=\"_ _4b\"> </span><span class=\"ff6b\">548<span class=\"_ _2d\"> </span>9.4<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:464.3111px;\">Earnings \u2013 adjusted basic<span class=\"_ _1c0\"> </span><span class=\"ff66\"> <span class=\"_ _13f\"> </span>2,050 <span class=\"_ _141\"> </span> <span class=\"_ _8\"> </span>34.9 <span class=\"_ _4b\"> </span></span>237<span class=\"_ _2d\"> </span>4.1<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:432.61707px;\">Earnings \u2013 diluted</div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:77.45427px; bottom:436.09784px;\"> (ii)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:385.97736px; bottom:433.11108px;\"> <span class=\"_ _109\"> </span>(782) <span class=\"_ _106\"> </span> <span class=\"_ _10c\"> </span>(13.3) <span class=\"_ _1b7\"> </span><span class=\"ff6b\"> <span class=\"_ _4c\"> </span>1,210 <span class=\"_ _23\"> </span>20.5<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:401.41708px;\">Earnings \u2013 adjusted diluted</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:385.97736px; bottom:401.91107px;\"> <span class=\"_ _13f\"> </span>2,050 <span class=\"_ _141\"> </span> <span class=\"_ _8\"> </span>34.5 <span class=\"_ _4b\"> </span><span class=\"ff6b\">237<span class=\"_ _147\"> </span> <span class=\"_ _51\"> </span>4.0<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:373.57108px;\">Continuing operations<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:439.99237px; bottom:357.11307px;\">2022<span class=\"_ _118\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hda ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:333.71307px;\">Year ended 31 December <span class=\"_ _18d\"> </span><span class=\"ff66 fc12\">\u00a3m<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:474.55505px; bottom:343.0731px;\">Pence per<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:458.33838px; bottom:333.71307px;\">ordinary share<span class=\"_ _130\"> </span><span class=\"ff6b fcf\">\u00a3m<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:616.25635px; bottom:343.0731px;\">Pence per</div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:599.6309px; bottom:333.71307px;\"> ordinary share<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:319.16608px;\">Earnings \u2013 basic<span class=\"_ _1bf\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>(782) <span class=\"_ _106\"> </span> <span class=\"_ _10c\"> </span>(13.3) <span class=\"_ _117\"> </span></span>586<span class=\"_ _147\"> </span> <span class=\"_ _f4\"> </span>10.0<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:303.56607px;\">Net exceptional items after taxation (notes 2 and 7)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:223.44266px; bottom:307.0468px;\">(i)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:385.97736px; bottom:303.56607px;\"> <span class=\"_ _187\"> </span>279 <span class=\"_ _9e\"> </span> <span class=\"_ _55\"> </span>4.8 <span class=\"_ _167\"> </span><span class=\"ff6b\"> <span class=\"_ _5d\"> </span>(897) <span class=\"_ _8f\"> </span> <span class=\"_ _a0\"> </span>(15.3)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:287.9661px;\">Certain re-measurement losses after taxation (notes 2 and 7)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:265.25522px; bottom:291.4468px;\">(i)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:385.97736px; bottom:287.9661px;\"> <span class=\"_ _13f\"> </span>2,553 <span class=\"_ _141\"> </span> <span class=\"_ _8\"> </span>43.4 <span class=\"_ _4b\"> </span><span class=\"ff6b\">548<span class=\"_ _2d\"> </span>9.4<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:272.3661px;\">Earnings \u2013 adjusted basic<span class=\"_ _1c0\"> </span><span class=\"ff66\"> <span class=\"_ _13f\"> </span>2,050 <span class=\"_ _141\"> </span> <span class=\"_ _8\"> </span>34.9 <span class=\"_ _4b\"> </span></span>237<span class=\"_ _2d\"> </span>4.1<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:240.67206px;\">Earnings \u2013 diluted</div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:77.45427px; bottom:244.15283px;\"> (ii)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:385.97736px; bottom:241.16608px;\"> <span class=\"_ _109\"> </span>(782) <span class=\"_ _106\"> </span> <span class=\"_ _10c\"> </span>(13.3) <span class=\"_ _117\"> </span><span class=\"ff6b\">586<span class=\"_ _2d\"> </span>9.9<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:209.47208px;\">Earnings \u2013 adjusted diluted</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:385.97736px; bottom:209.9661px;\"> <span class=\"_ _13f\"> </span>2,050 <span class=\"_ _141\"> </span> <span class=\"_ _8\"> </span>34.5 <span class=\"_ _4b\"> </span><span class=\"ff6b\">237<span class=\"_ _147\"> </span> <span class=\"_ _51\"> </span>4.0<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:181.6261px;\">Discontinued operations<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:439.99237px; bottom:165.16805px;\">2022<span class=\"_ _118\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hda ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:141.76805px;\">Year ended 31 December <span class=\"_ _18d\"> </span><span class=\"ff66 fc12\">\u00a3m<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:474.55505px; bottom:151.12807px;\">Pence per<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:458.33838px; bottom:141.76805px;\">ordinary share<span class=\"_ _130\"> </span><span class=\"ff6b fcf\">\u00a3m<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:616.25635px; bottom:151.12807px;\">Pence per</div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:599.6309px; bottom:141.76805px;\"> ordinary share<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:127.221115px;\">Earnings \u2013 basic<span class=\"_ _1bf\"> </span><span class=\"ff66\"> <span class=\"_ _4d\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4d\"> </span>\u2014<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:568.1972px; bottom:126.72713px;\">624<span class=\"_ _2e\"> </span>10.7<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:111.621124px;\">Net exceptional items after taxation (notes 2 and 7)<span class=\"_ _1c1\"> </span><span class=\"ff66\"> <span class=\"_ _4d\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4d\"> </span>\u2014</span><span class=\"ff66\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:525.4831px; bottom:111.12712px;\"> <span class=\"_ _f4\"> </span>(624) <span class=\"_ _106\"> </span> <span class=\"_ _a0\"> </span>(10.7)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:96.02112px;\">Earnings \u2013 adjusted basic<span class=\"_ _1c0\"> </span><span class=\"ff66\"> <span class=\"_ _4d\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4d\"> </span>\u2014</span><span class=\"ff66\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:525.4831px; bottom:95.527115px;\"> <span class=\"_ _4d\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4d\"> </span>\u2014<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:64.32712px;\">Earnings \u2013 diluted</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:385.97736px; bottom:64.82112px;\"> <span class=\"_ _4d\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4d\"> </span>\u2014 <span class=\"_ _4b\"> </span><span class=\"ff6b\">624<span class=\"_ _2e\"> </span>10.6<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:33.12712px;\">Earnings \u2013 adjusted diluted</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:385.97736px; bottom:33.621124px;\"> <span class=\"_ _4d\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4d\"> </span>\u2014 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:525.4831px; bottom:33.12712px;\"> <span class=\"_ _4d\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4d\"> </span>\u2014<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:13.913086px;\">(i)<span class=\"_ _1b7\"> </span>Net exceptional items after taxation and certain re-measurement losses after taxation are adjusted to reflect the share attributable to non-controlling interests.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:1.7060547px;\">(ii)<span class=\"_ _147\"> </span>Potential ordinary shares are not treated as dilutive when they would decrease a loss per share<span class=\"_ _1\"></span><span class=\"ff6d fc10\">.<span class=\"_ _2b7\"> </span></span><span class=\"ff6d fc10\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:105.81958px;\">10.<span class=\"_ _13e\"> </span>Earnings per ordinary share<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:81.69159px;\">The Group\u2019s May and November 2022 trading updates mentioned that the 2022 adjusted basic earnings per ordinary share would be<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:68.43164px;\">towards the top end of the range of sell-side analyst expectations, which at the time were 6.7 pence to 10.8 pence in May and 15.1 pence<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:55.17157px;\">to 26.0 pence in November. In the July interim results it was confirmed that the interim period adjusted basic earnings per ordinary share<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:41.91162px;\">was 11.0 pence and in the Group\u2019s January 2023 trading update, it was noted that the 2022 full year adjusted basic earnings per ordinary<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:28.651611px;\">share was expected to be above 30.0 pence. For the purposes of Listing Rules<span class=\"_ _b\"></span> LR 9.2.18(c), it is noted that the increase in reported<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.391602px;\">adjusted basic earnings per ordinary share was predominantly due to the continued impact of elevated and volatile commodity prices<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1316528px;\">throughout the year leading to greater than forecast profits in the Energy Marketing &amp; Trading and Upstream businesses.<span class=\"_ _2b7\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-465": {
   "value": "11.Dividends Dividends represent the return of profits to shareholders. Dividends are paid as an amount per ordinary share held. The  Group retains part of the profits generated to meet future investment plans or to fund share repurchase programmes. 2022 2021 \u00a3m Pence per  share Date of  payment \u00a3m Pence per share Date of  payment Prior year final dividend   \u2014    \u2014    \u2014    \u2014    \u2014    \u2014  Interim dividend   59    1.00  17 Nov 2022   \u2014    \u2014    \u2014   59    \u2014  The Directors propose a final dividend of 2.00 pence per ordinary share (totalling \u00a3118 million) for the year ended 31 December 2022.  The Company has sufficient distributable reserves to pay dividends to its ultimate shareholders. Distributable reserves are calculated on an  individual legal entity basis and the ultimate parent company, Centrica plc, currently has adequate levels of realised profits within its  retained earnings to support dividend payments. Refer to the Centrica plc Company Balance Sheet on page 226. At 31 December 2022,  Centrica plc\u2019s company-only distributable reserves were c.\u00a32.9 billion (2021: c.\u00a32.5 billion). On an annual basis, the distributable reserve  levels of the Group\u2019s subsidiary undertakings are reviewed and dividends paid up to Centrica plc as appropriate to replenish its reserves. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-466": {
   "value": "<div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:833.42896px;\">12.  Acquisitions, disposals and disposal groups classified as held for sale<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:807.75397px;\">This section details business combinations, asset acquisitions and disposals made by the Group.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:781.052px;\">(a)<span class=\"_ _107\"> </span>Business combinations and asset acquisitions<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:761.2009px;\">On 1 October 2022 the Group acquired the UK B2B cus<span class=\"_ _b\"></span>tomer book and associated assets of AvantiGas ON Limited <span class=\"_ _1\"></span>(\u2018Avanti\u2019) including<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:747.94104px;\">the hedging book in respect of the customers acquired. On acquisition, an onerous contract provision of \u00a3284 million and a derivative<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:734.6809px;\">asset of \u00a3254 million have been separately recognised representing the expected losses and associated hedges of acquired customers<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:721.42096px;\">who are expected to remain on their existing fixed price tariffs before anticipated renewals onto a standard variable tariff. The derivative<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:708.16095px;\">asset reflects the increase in prices since contracts to purchase commodity for the acquired customers were entered into. Based on<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:694.90094px;\">a small unhedged element and movement in forward prices the acquisition resulted<span class=\"_ _b\"></span> in a net consideration received of \u00a316 million.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:681.641px;\">The transaction has been accounted for as an asset acquisition on the basis that the assets and liabilities acquired did not constitute<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:668.3809px;\">a business.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:2.919365px; bottom:646.047px;\">Provisional fair value of the identifiable assets and liabilities<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:613.5628px; bottom:631.292px;\">AvantiGas<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:609.3005px; bottom:621.93195px;\">ON Limited<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:639.75323px; bottom:612.572px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:597.53094px;\">Balance Sheet items<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:581.93097px;\">Intangible assets<span class=\"_ _1c4\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>11<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:566.331px;\">Derivative asset <span class=\"_ _1c5\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>254<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:550.73096px;\">Trade and other receivables<span class=\"_ _1c6\"> </span><span class=\"ff66\"> <span class=\"_ _4f\"> </span>3<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:535.131px;\">Onerous contract provision <span class=\"_ _1c7\"> </span><span class=\"ff66\"> <span class=\"_ _2c\"> </span>(284)<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:519.53094px;\">Net identifiable liabilities acquired<span class=\"_ _1c8\"> </span><span class=\"ff66\"> <span class=\"_ _31\"> </span>(16)<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:503.93097px;\">Total cash consideration received<span class=\"_ _1c9\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>16<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:475.65594px;\">Income Statement items<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:460.05597px;\">Revenue recognised since the acquisition date in the Group Income Statement<span class=\"_ _2b\"> </span><span class=\"ff66\"> <span class=\"_ _4f\"> </span>9<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:444.456px;\">Profit since the acquisition date in the Group Income Statement<span class=\"_ _1ca\"> </span><span class=\"ff66\"> <span class=\"_ _4f\"> </span>1<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:416.61px;\">Pro forma information<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:402.72595px;\">The pro forma consolidated results of the Group, assuming the acquisitions had been made at the beginning of the year, would show<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:389.46597px;\">revenue of \u00a323,801 million (compared to reported revenue of \u00a323,741 million) and loss after taxation of \u00a3632<span class=\"_ _1\"></span> million (compared to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:376.20596px;\">reported loss after taxation of \u00a3636 million).<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:359.046px;\">During the year, the Group was appointed by Ofgem as the Supplier of Last Resort (SoLR) to one energy company who had ceased<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:345.78595px;\">trading. This was in addition to the eight appointments that were made in 2021. These have not been accounted for as business<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:332.52594px;\">combinations or asset acquisitions as the incremental costs associated with supplying the affected customers will be recoverable through<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:319.26593px;\">the established Last Resort Supplier Payment (LRSP) claim mechanism under Ofgem supplier licence conditions. Cash outflows of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:306.006px;\">\u00a34 million were incurred in respect of prior year SoLR appointments. A <span class=\"_ _1\"></span>customer relationship intangible asset of \u00a310 million was<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:292.74597px;\">recognised in 2021 in respect of certain customer credit balances that the Group did not include in their LRSP claims.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:271.23102px;\">(b)<span class=\"_ _12\"> </span>Disposals<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:252.51096px;\">On 8 December 2021 the Group announced that it had agreed to sell Spirit Energy\u2019s entire Norwegian portfolio excluding the Statfjord<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:239.25095px;\">fields to Sval Energi for a headline consideration of $1,026 million (\u00a3758 million), and the Statfjord fields to Equinor for a headline<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:225.99094px;\">consideration of $50 million (\u00a337 million).<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:208.831px;\">The sales had a commercial effective date of 1 January 2021, and the consideration receivable at legal completion of 31 May 2022 has<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:195.57098px;\">been reduced by the net cash flows generated by the business being disposed and interest since 1 January 2021. Net consideration<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:182.31097px;\">receivable (including costs to dispose) reduced to \u00a3195 million from Sval Energi, with a net consideration payable to Equinor of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:169.05095px;\">\u00a3(126) million. This includes a deferred commodity price linked receivable, and a tax indemnity provided by Spirit Energy Norway. The<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:155.79094px;\">deferred commodity price linked receivable is currently valued at<span class=\"_ _1\"></span> \u00a333 million from Sval Energi and \u00a326 million from Equinor. The tax<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:142.531px;\">indemnity provided to Sval Energi is currently valued at \u00a3<span class=\"_ _b\"></span>(129) million. Distribution of the net consideration and net cash flows generated<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:129.27098px;\">will be pro-rata to the ownership share, with 31% attributable to the non-controlling interests. In the year ended 31 December<span class=\"_ _1\"></span> 2022,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:116.01097px;\">\u00a3273 million (2021: \u00a3nil) was distributed to SWM Bayerische E&amp;P Beteiligungsgesellschaft mbH upon completion of the Spirit Energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:102.750946px;\">Norway sale.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:85.59094px;\">In applying IFRS 5 \u2018Non-current Assets Held for Sale and Discontinued Operations\u2019, the Group has judged that there are two separate<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:72.33101px;\">disposal groups, being the Statfjord fields and the remainder of the Norwegian portfolio. The assets and liabilities comprising the disposal<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:59.070984px;\">groups were classified as held for sale as at 8 December 2021. This is on the basis that at that point, the disposal groups were available<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:45.810966px;\">for immediate sale, subject only to terms that are customary for sales of such assets, and the sale was highly probable. However, the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:32.55095px;\">disposal groups do not represent a separate major line of business of geographical operations and hence the Group has concluded that<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:19.29094px;\">they do not constitute discontinued operations.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1310043px;\">Details of the assets and liabilities of the disposal group at<span class=\"_ _1\"></span> 31 May 2022 are shown below.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:820.0383px;\">12.  Acquisitions, disposals and disposal groups classified as held for sale<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:494.50787px; bottom:766.62134px;\">Statfjord<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:514.8792px; bottom:757.26135px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:561.6269px; bottom:794.70135px;\">Norway<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:558.8494px; bottom:785.3413px;\">portfolio<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:555.00037px; bottom:775.9814px;\">excluding<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:557.6321px; bottom:766.62134px;\">Statfjord<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:577.09424px; bottom:757.26135px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:766.62134px;\">Total<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:757.26135px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:742.22034px;\">Non-current assets<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:726.62036px;\">Property, plant and equipment<span class=\"_ _1cb\"> </span> <span class=\"_ _109\"> </span>315 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>975 <span class=\"_ _9e\"> </span> <span class=\"_ _47\"> </span>1,290<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:711.0203px;\">Other intangible assets<span class=\"_ _171\"> </span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _55\"> </span>69 <span class=\"_ _8a\"> </span> <span class=\"_ _55\"> </span>69<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:695.42035px;\">Goodwill<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:40.7959px; bottom:698.90106px;\">(i)</div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:468.66516px; bottom:695.42035px;\"> <span class=\"_ _55\"> </span>19 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>191 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>210<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:679.8203px;\">Deferred tax assets<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:87.32536px; bottom:683.3011px;\">(ii)</div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:468.66516px; bottom:679.8203px;\"> <span class=\"_ _55\"> </span>71 <span class=\"_ _141\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>71<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:664.22034px;\">Other non-current financial assets<span class=\"_ _15f\"> </span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _4f\"> </span>8 <span class=\"_ _8a\"> </span> <span class=\"_ _4f\"> </span>8 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:468.66516px; bottom:648.62036px;\"> <span class=\"_ _109\"> </span>405 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>1,243 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>1,648<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:633.0203px;\">Current assets<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:617.42035px;\">Trade and other receivables, and contract-related assets<span class=\"_ _1ab\"> </span> <span class=\"_ _4f\"> </span>5 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>149 <span class=\"_ _9e\"> </span> <span class=\"_ _109\"> </span>154<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:601.8203px;\">Inventories<span class=\"_ _176\"> </span> <span class=\"_ _55\"> </span>17 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>14 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>31<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:586.22034px;\">Cash and cash equivalents<span class=\"_ _1cc\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>30 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>30 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:468.66516px; bottom:570.62036px;\"> <span class=\"_ _55\"> </span>22 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>193 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>215<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:555.0203px;\">Assets of disposal groups classified as held for sale<span class=\"_ _1cd\"> </span><span class=\"fcf\"> <span class=\"_ _109\"> </span>427 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>1,436 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>1,863<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:539.42035px;\">Current liabilities<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:523.8203px;\">Trade and other payables, and contract-related liabilities<span class=\"_ _1a2\"> </span> <span class=\"_ _50\"> </span>(61) <span class=\"_ _6\"> </span> <span class=\"_ _10c\"> </span>(129) <span class=\"_ _6\"> </span> <span class=\"_ _146\"> </span>(190)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:508.22034px;\">Current tax liabilities<span class=\"_ _124\"> </span> <span class=\"_ _50\"> </span>(60) <span class=\"_ _6\"> </span> <span class=\"_ _146\"> </span>(393) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(453)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:492.62036px;\">Provisions for other liabilities and charges<span class=\"_ _186\"> </span> <span class=\"_ _b3\"> </span>(3) <span class=\"_ _6\"> </span> <span class=\"_ _b3\"> </span>(1) <span class=\"_ _6\"> </span> <span class=\"_ _f5\"> </span>(4)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:477.02032px;\">Lease liabilities<span class=\"_ _19c\"> </span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _f5\"> </span>(3) <span class=\"_ _106\"> </span> <span class=\"_ _f5\"> </span>(3) </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:468.66516px; bottom:461.42035px;\"> <span class=\"_ _10c\"> </span>(124) <span class=\"_ _6\"> </span> <span class=\"_ _146\"> </span>(526) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(650)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:445.8203px;\">Non-current liabilities<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:430.22034px;\">Deferred tax liabilities<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:95.65239px; bottom:433.70105px;\">(ii)</div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:468.66516px; bottom:430.22034px;\"> <span class=\"_ _109\"> </span>140 <span class=\"_ _141\"> </span> <span class=\"_ _146\"> </span>(425) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(285)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:414.62033px;\">Provisions for other liabilities and charges<span class=\"_ _186\"> </span> <span class=\"_ _10c\"> </span>(527) <span class=\"_ _6\"> </span> <span class=\"_ _146\"> </span>(239) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(766)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:399.02032px;\">Lease liabilities<span class=\"_ _19c\"> </span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _f5\"> </span>(3) <span class=\"_ _106\"> </span> <span class=\"_ _f5\"> </span>(3) </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:468.66516px; bottom:383.42035px;\"> <span class=\"_ _10c\"> </span>(387) <span class=\"_ _6\"> </span> <span class=\"_ _146\"> </span>(667) <span class=\"_ _106\"> </span> <span class=\"_ _b9\"> </span>(1,054)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:367.82034px;\">Liabilities of disposal groups classified as held for sale<span class=\"_ _16c\"> </span><span class=\"fcf\"> <span class=\"_ _10c\"> </span>(511) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>(1,193) <span class=\"_ _8f\"> </span> <span class=\"_ _14d\"> </span>(1,704)<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:352.22034px;\">Net (liabilities)/assets of disposal groups classified as held for sale<span class=\"_ _1ce\"> </span><span class=\"fcf\"> <span class=\"_ _31\"> </span>(84) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>243 <span class=\"_ _9e\"> </span> <span class=\"_ _109\"> </span>159<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:336.62033px;\">Consideration (payable)/receivable (net of transaction costs of \u00a316 million)<span class=\"_ _d\"> </span><span class=\"fcf\"> <span class=\"_ _2c\"> </span>(126) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>195 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>69<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:321.02032px;\">Loss on disposal before recycling of foreign currency translation reserve<span class=\"_ _59\"> </span><span class=\"fcf\"> <span class=\"_ _187\"> </span>(42) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(48) <span class=\"_ _106\"> </span> <span class=\"_ _187\"> </span>(90)<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:305.42035px;\">Recycling of foreign currency translation reserve on disposal<span class=\"_ _1cf\"> </span><span class=\"fcf\"> <span class=\"_ _2c\"> </span>(272)<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:289.82034px;\">Loss on disposal before and after taxation<span class=\"_ _1d0\"> </span><span class=\"fcf\"> <span class=\"_ _2c\"> </span>(362)<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:268.6563px;\">(i)<span class=\"_ _1b7\"> </span>The proposed divestment of the entire Norwegian portfolio, and attributing exploration and production goodwill of \u00a3408 million, resulted in an impairment of \u00a3198 million<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:258.51633px;\">in 2021, before transfer of the remaining balance of \u00a3210 million to assets of disposal groups classified as held for sale.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:248.37634px;\">(ii)<span class=\"_ _147\"> </span>Deferred tax assets of \u00a371 million represents tax attributable to Statfjord UK, part of a UK tax group. Deferred tax <span class=\"_ _b\"></span>liabilities are categorised between Statfjord Norway and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:238.23636px;\">the portfolio excluding Statfjord purely for presentation purposes.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:214.55032px;\">The results of the disposal groups during 2022 reported in business performance are as follows:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:494.50787px; bottom:168.10135px;\">Statfjord<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:514.8792px; bottom:158.74133px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:561.6269px; bottom:196.1813px;\">Norway<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:558.8494px; bottom:186.82138px;\">portfolio<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:555.00037px; bottom:177.46136px;\">excluding<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:557.6321px; bottom:168.10135px;\">Statfjord<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:577.09424px; bottom:158.74133px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:168.10135px;\">Total<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:158.74133px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:143.70032px;\">Operating profit<span class=\"_ _1d1\"> </span> <span class=\"_ _109\"> </span>142 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>416 <span class=\"_ _9e\"> </span> <span class=\"_ _109\"> </span>558<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:128.10031px;\">Taxation on profit<span class=\"_ _1b1\"> </span> <span class=\"_ _187\"> </span>(87) <span class=\"_ _6\"> </span> <span class=\"_ _146\"> </span>(351) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(438)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:112.50032px;\">Profit after taxation<span class=\"_ _1d2\"> </span><span class=\"ff66 fcf\"> <span class=\"_ _55\"> </span>55 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>65 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>120<span class=\"_ _2b7\"> </span></span><span class=\"ff66 fcf\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:85.59038px;\">Commodity derivatives previously entered into outside of the disposal group to hedge the future production of the disposal group assets<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:72.33035px;\">have been volumetrically closed prior to the completion date. These derivatives have previously been recognised as a loss of \u00a3121 million<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:59.070343px;\">within certain re-measurements. In accordance with the Group\u2019s policy, these losses will not be subsequently reflected in the business<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:45.810333px;\">performance column of the income statement because the underlying performance to which they relate (i.e. the asset production disposal<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:32.550316px;\">group) will no longer occur. Cash flows associated with these derivatives will occur through to September 2023.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.390381px;\">In the period to legal completion of 31 May 2022, \u00a373 million pre-tax (\u00a348 million post-tax) realised losses were recognised in business<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1303558px;\">performance.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:398.05396px;\">12.  Acquisitions, disposals and disposal groups classified as held for sale<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:373.92596px;\">Breakdown of consideration:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:494.50787px; bottom:327.477px;\">Statfjord<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:514.8792px; bottom:318.11694px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:561.6269px; bottom:355.55695px;\">Norway<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:558.8494px; bottom:346.19702px;\">portfolio<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:555.00037px; bottom:336.83698px;\">excluding<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:557.6321px; bottom:327.477px;\">Statfjord<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:577.09424px; bottom:318.11694px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:327.477px;\">Total<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:318.11694px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:303.07593px;\">December 2021 payment<span class=\"_ _1d3\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>39 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>39<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:287.47595px;\">May 2022 completion payment<span class=\"_ _1d4\"> </span> <span class=\"_ _10c\"> </span>(156) <span class=\"_ _6\"> </span> <span class=\"_ _109\"> </span>278 <span class=\"_ _9e\"> </span> <span class=\"_ _109\"> </span>122<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:271.87598px;\">2022 contingent consideration (including tax indemnity)<span class=\"_ _1cd\"> </span> <span class=\"_ _2a\"> </span>30 <span class=\"_ _9e\"> </span> <span class=\"_ _10c\"> </span>(106) <span class=\"_ _6\"> </span> <span class=\"_ _50\"> </span>(76<span class=\"_ _2b7\"> </span>) </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:256.27594px;\">Total consideration<span class=\"_ _1d2\"> </span> <span class=\"_ _10c\"> </span>(126) <span class=\"_ _106\"> </span> <span class=\"_ _8\"> </span>211 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>85<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:240.67596px;\">Less cost to dispose<span class=\"_ _1d5\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _187\"> </span>(16) <span class=\"_ _6\"> </span> <span class=\"_ _50\"> </span>(16) </div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:468.66516px; bottom:225.07593px;\"> <span class=\"_ _2c\"> </span>(126) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>195 <span class=\"_ _9e\"> </span> <span class=\"_ _55\"> </span>69<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:202.06604px;\">A reconciliation of the completion amounts received in 2022 to the cash flow statement is presented below:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:494.50787px; bottom:155.61694px;\">Statfjord<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:514.8792px; bottom:146.25702px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:561.6269px; bottom:183.69702px;\">Norway<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:558.8494px; bottom:174.33691px;\">portfolio<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:555.00037px; bottom:164.97699px;\">excluding<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:557.6321px; bottom:155.61694px;\">Statfjord<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:577.09424px; bottom:146.25702px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:155.61694px;\">Total<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:146.25702px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:131.216px;\">May 2022 completion payment<span class=\"_ _1d4\"> </span> <span class=\"_ _10c\"> </span>(156) <span class=\"_ _6\"> </span> <span class=\"_ _109\"> </span>278 <span class=\"_ _9e\"> </span> <span class=\"_ _109\"> </span>122<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:115.61597px;\">2022 contingent consideration paid<span class=\"_ _1d6\"> </span> <span class=\"_ _4f\"> </span>4 <span class=\"_ _8a\"> </span> <span class=\"_ _50\"> </span>(10) <span class=\"_ _6\"> </span> <span class=\"_ _b3\"> </span>(6)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:100.01599px;\">Cash and cash equivalents included with disposal group<span class=\"_ _1d7\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _187\"> </span>(30) <span class=\"_ _6\"> </span> <span class=\"_ _50\"> </span>(30<span class=\"_ _2b7\"> </span>) </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:84.415955px;\">Disposal fees incurred<span class=\"_ _1d8\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _187\"> </span>(16) <span class=\"_ _6\"> </span> <span class=\"_ _50\"> </span>(16<span class=\"_ _2b7\"> </span>) </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:68.81598px;\">Cash flow statement<span class=\"_ _1d9\"> </span><span class=\"fcf\"> <span class=\"_ _2c\"> </span>(152) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>222 <span class=\"_ _9e\"> </span> <span class=\"_ _55\"> </span>70<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:45.80597px;\">Additionally, within the Other segment the disposal of a minority <span class=\"_ _1\"></span>investment made by the former Centrica Innovations business unit in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:32.54596px;\">Driivz (an electric vehicle charging software provider) has completed, with cash flow of \u00a320 million received in the second half of t<span class=\"_ _1\"></span>he year.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.385986px;\">All other disposals undertaken by the Group were immaterial, both individually and in aggregate. These amounted to a gain on disposal of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1259766px;\">\u00a319 million, and cash inflow of \u00a32 million.<span class=\"_ _2b7\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-525": {
   "value": "12.  Acquisitions, disposals and disposal groups classified as held for sale<span class=\"_ _2b7\"> </span>This section details business combinations, asset acquisitions and disposals made by the Group.<span class=\"_ _2b7\"> </span> (a)<span class=\"_ _107\"> </span>Business combinations and asset acquisitions<span class=\"_ _2b7\"> </span>On 1 October 2022 the Group acquired the UK B2B cus<span class=\"_ _b\"></span>tomer book and associated assets of AvantiGas ON Limited <span class=\"_ _1\"></span>(\u2018Avanti\u2019) including<span class=\"_ _2b7\"> </span> the hedging book in respect of the customers acquired. On acquisition, an onerous contract provision of \u00a3284 million and a derivative<span class=\"_ _2b7\"> </span> asset of \u00a3254 million have been separately recognised representing the expected losses and associated hedges of acquired customers<span class=\"_ _2b7\"> </span> who are expected to remain on their existing fixed price tariffs before anticipated renewals onto a standard variable tariff. The derivative<span class=\"_ _2b7\"> </span> asset reflects the increase in prices since contracts to purchase commodity for the acquired customers were entered into. Based on<span class=\"_ _2b7\"> </span> a small unhedged element and movement in forward prices the acquisition resulted<span class=\"_ _b\"></span> in a net consideration received of \u00a316 million.<span class=\"_ _2b7\"> </span> The transaction has been accounted for as an asset acquisition on the basis that the assets and liabilities acquired did not constitute<span class=\"_ _2b7\"> </span> a business.<span class=\"_ _2b7\"> </span>Provisional fair value of the identifiable assets and liabilities<span class=\"_ _2b7\"> </span>AvantiGas<span class=\"_ _2b7\"> </span> ON Limited<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Balance Sheet items<span class=\"_ _2b7\"> </span>Intangible assets<span class=\"_ _1c4\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>11<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span>Derivative asset <span class=\"_ _1c5\"> </span><span class=\"ff66\"> <span class=\"_ _109\"> </span>254<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span>Trade and other receivables<span class=\"_ _1c6\"> </span><span class=\"ff66\"> <span class=\"_ _4f\"> </span>3<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span>Onerous contract provision <span class=\"_ _1c7\"> </span><span class=\"ff66\"> <span class=\"_ _2c\"> </span>(284)<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span>Net identifiable liabilities acquired<span class=\"_ _1c8\"> </span><span class=\"ff66\"> <span class=\"_ _31\"> </span>(16)<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span>Total cash consideration received<span class=\"_ _1c9\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>16<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span>Income Statement items<span class=\"_ _2b7\"> </span>Revenue recognised since the acquisition date in the Group Income Statement<span class=\"_ _2b\"> </span><span class=\"ff66\"> <span class=\"_ _4f\"> </span>9<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span>Profit since the acquisition date in the Group Income Statement<span class=\"_ _1ca\"> </span><span class=\"ff66\"> <span class=\"_ _4f\"> </span>1<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span>Pro forma information<span class=\"_ _2b7\"> </span>The pro forma consolidated results of the Group, assuming the acquisitions had been made at the beginning of the year, would show<span class=\"_ _2b7\"> </span> revenue of \u00a323,801 million (compared to reported revenue of \u00a323,741 million) and loss after taxation of \u00a3632<span class=\"_ _1\"></span> million (compared to<span class=\"_ _2b7\"> </span> reported loss after taxation of \u00a3636 million).<span class=\"_ _2b7\"> </span>During the year, the Group was appointed by Ofgem as the Supplier of Last Resort (SoLR) to one energy company who had ceased<span class=\"_ _2b7\"> </span> trading. This was in addition to the eight appointments that were made in 2021. These have not been accounted for as business<span class=\"_ _2b7\"> </span> combinations or asset acquisitions as the incremental costs associated with supplying the affected customers will be recoverable through<span class=\"_ _2b7\"> </span> the established Last Resort Supplier Payment (LRSP) claim mechanism under Ofgem supplier licence conditions. Cash outflows of<span class=\"_ _2b7\"> </span> \u00a34 million were incurred in respect of prior year SoLR appointments. A <span class=\"_ _1\"></span>customer relationship intangible asset of \u00a310 million was<span class=\"_ _2b7\"> </span> recognised in 2021 in respect of certain customer credit balances that the Group did not include in their LRSP claims.<span class=\"_ _2b7\"> </span>(b)<span class=\"_ _12\"> </span>Disposals<span class=\"_ _2b7\"> </span>On 8 December 2021 the Group announced that it had agreed to sell Spirit Energy\u2019s entire Norwegian portfolio excluding the Statfjord<span class=\"_ _2b7\"> </span> fields to Sval Energi for a headline consideration of $1,026 million (\u00a3758 million), and the Statfjord fields to Equinor for a headline<span class=\"_ _2b7\"> </span> consideration of $50 million (\u00a337 million).<span class=\"_ _2b7\"> </span>The sales had a commercial effective date of 1 January 2021, and the consideration receivable at legal completion of 31 May 2022 has<span class=\"_ _2b7\"> </span> been reduced by the net cash flows generated by the business being disposed and interest since 1 January 2021. Net consideration<span class=\"_ _2b7\"> </span> receivable (including costs to dispose) reduced to \u00a3195 million from Sval Energi, with a net consideration payable to Equinor of<span class=\"_ _2b7\"> </span> \u00a3(126) million. This includes a deferred commodity price linked receivable, and a tax indemnity provided by Spirit Energy Norway. The<span class=\"_ _2b7\"> </span> deferred commodity price linked receivable is currently valued at<span class=\"_ _1\"></span> \u00a333 million from Sval Energi and \u00a326 million from Equinor. The tax<span class=\"_ _2b7\"> </span> indemnity provided to Sval Energi is currently valued at \u00a3<span class=\"_ _b\"></span>(129) million. Distribution of the net consideration and net cash flows generated<span class=\"_ _2b7\"> </span> will be pro-rata to the ownership share, with 31% attributable to the non-controlling interests. In the year ended 31 December<span class=\"_ _1\"></span> 2022,<span class=\"_ _2b7\"> </span> \u00a3273 million (2021: \u00a3nil) was distributed to SWM Bayerische E&amp;P Beteiligungsgesellschaft mbH upon completion of the Spirit Energy<span class=\"_ _2b7\"> </span> Norway sale.<span class=\"_ _2b7\"> </span>In applying IFRS 5 \u2018Non-current Assets Held for Sale and Discontinued Operations\u2019, the Group has judged that there are two separate<span class=\"_ _2b7\"> </span> disposal groups, being the Statfjord fields and the remainder of the Norwegian portfolio. The assets and liabilities comprising the disposal<span class=\"_ _2b7\"> </span> groups were classified as held for sale as at 8 December 2021. This is on the basis that at that point, the disposal groups were available<span class=\"_ _2b7\"> </span> for immediate sale, subject only to terms that are customary for sales of such assets, and the sale was highly probable. However, the<span class=\"_ _2b7\"> </span> disposal groups do not represent a separate major line of business of geographical operations and hence the Group has concluded that<span class=\"_ _2b7\"> </span> they do not constitute discontinued operations.<span class=\"_ _2b7\"> </span>Details of the assets and liabilities of the disposal group at<span class=\"_ _1\"></span> 31 May 2022 are shown below.<span class=\"_ _2b7\"> </span>12.  Acquisitions, disposals and disposal groups classified as held for sale<span class=\"_ _2b7\"> </span>Statfjord<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Norway<span class=\"_ _2b7\"> </span> portfolio<span class=\"_ _2b7\"> </span> excluding<span class=\"_ _2b7\"> </span> Statfjord<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Non-current assets<span class=\"_ _2b7\"> </span>Property, plant and equipment<span class=\"_ _1cb\"> </span> <span class=\"_ _109\"> </span>315 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>975 <span class=\"_ _9e\"> </span> <span class=\"_ _47\"> </span>1,290<span class=\"_ _2b7\"> </span> Other intangible assets<span class=\"_ _171\"> </span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _55\"> </span>69 <span class=\"_ _8a\"> </span> <span class=\"_ _55\"> </span>69<span class=\"_ _2b7\"> </span> Goodwill<span class=\"_ _2b7\"> </span> (i) <span class=\"_ _55\"> </span>19 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>191 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>210<span class=\"_ _2b7\"> </span> Deferred tax assets<span class=\"_ _2b7\"> </span> (ii) <span class=\"_ _55\"> </span>71 <span class=\"_ _141\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>71<span class=\"_ _2b7\"> </span> Other non-current financial assets<span class=\"_ _15f\"> </span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _4f\"> </span>8 <span class=\"_ _8a\"> </span> <span class=\"_ _4f\"> </span>8  <span class=\"_ _109\"> </span>405 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>1,243 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>1,648<span class=\"_ _2b7\"> </span> Current assets<span class=\"_ _2b7\"> </span>Trade and other receivables, and contract-related assets<span class=\"_ _1ab\"> </span> <span class=\"_ _4f\"> </span>5 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>149 <span class=\"_ _9e\"> </span> <span class=\"_ _109\"> </span>154<span class=\"_ _2b7\"> </span> Inventories<span class=\"_ _176\"> </span> <span class=\"_ _55\"> </span>17 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>14 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>31<span class=\"_ _2b7\"> </span> Cash and cash equivalents<span class=\"_ _1cc\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>30 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>30  <span class=\"_ _55\"> </span>22 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>193 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>215<span class=\"_ _2b7\"> </span> Assets of disposal groups classified as held for sale<span class=\"_ _1cd\"> </span><span class=\"fcf\"> <span class=\"_ _109\"> </span>427 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>1,436 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>1,863<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span>Current liabilities<span class=\"_ _2b7\"> </span>Trade and other payables, and contract-related liabilities<span class=\"_ _1a2\"> </span> <span class=\"_ _50\"> </span>(61) <span class=\"_ _6\"> </span> <span class=\"_ _10c\"> </span>(129) <span class=\"_ _6\"> </span> <span class=\"_ _146\"> </span>(190)<span class=\"_ _2b7\"> </span> Current tax liabilities<span class=\"_ _124\"> </span> <span class=\"_ _50\"> </span>(60) <span class=\"_ _6\"> </span> <span class=\"_ _146\"> </span>(393) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(453)<span class=\"_ _2b7\"> </span> Provisions for other liabilities and charges<span class=\"_ _186\"> </span> <span class=\"_ _b3\"> </span>(3) <span class=\"_ _6\"> </span> <span class=\"_ _b3\"> </span>(1) <span class=\"_ _6\"> </span> <span class=\"_ _f5\"> </span>(4)<span class=\"_ _2b7\"> </span> Lease liabilities<span class=\"_ _19c\"> </span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _f5\"> </span>(3) <span class=\"_ _106\"> </span> <span class=\"_ _f5\"> </span>(3)  <span class=\"_ _10c\"> </span>(124) <span class=\"_ _6\"> </span> <span class=\"_ _146\"> </span>(526) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(650)<span class=\"_ _2b7\"> </span> Non-current liabilities<span class=\"_ _2b7\"> </span>Deferred tax liabilities<span class=\"_ _2b7\"> </span> (ii) <span class=\"_ _109\"> </span>140 <span class=\"_ _141\"> </span> <span class=\"_ _146\"> </span>(425) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(285)<span class=\"_ _2b7\"> </span> Provisions for other liabilities and charges<span class=\"_ _186\"> </span> <span class=\"_ _10c\"> </span>(527) <span class=\"_ _6\"> </span> <span class=\"_ _146\"> </span>(239) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(766)<span class=\"_ _2b7\"> </span> Lease liabilities<span class=\"_ _19c\"> </span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _f5\"> </span>(3) <span class=\"_ _106\"> </span> <span class=\"_ _f5\"> </span>(3)  <span class=\"_ _10c\"> </span>(387) <span class=\"_ _6\"> </span> <span class=\"_ _146\"> </span>(667) <span class=\"_ _106\"> </span> <span class=\"_ _b9\"> </span>(1,054)<span class=\"_ _2b7\"> </span> Liabilities of disposal groups classified as held for sale<span class=\"_ _16c\"> </span><span class=\"fcf\"> <span class=\"_ _10c\"> </span>(511) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>(1,193) <span class=\"_ _8f\"> </span> <span class=\"_ _14d\"> </span>(1,704)<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span>Net (liabilities)/assets of disposal groups classified as held for sale<span class=\"_ _1ce\"> </span><span class=\"fcf\"> <span class=\"_ _31\"> </span>(84) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>243 <span class=\"_ _9e\"> </span> <span class=\"_ _109\"> </span>159<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span>Consideration (payable)/receivable (net of transaction costs of \u00a316 million)<span class=\"_ _d\"> </span><span class=\"fcf\"> <span class=\"_ _2c\"> </span>(126) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>195 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>69<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span>Loss on disposal before recycling of foreign currency translation reserve<span class=\"_ _59\"> </span><span class=\"fcf\"> <span class=\"_ _187\"> </span>(42) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(48) <span class=\"_ _106\"> </span> <span class=\"_ _187\"> </span>(90)<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span>Recycling of foreign currency translation reserve on disposal<span class=\"_ _1cf\"> </span><span class=\"fcf\"> <span class=\"_ _2c\"> </span>(272)<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span>Loss on disposal before and after taxation<span class=\"_ _1d0\"> </span><span class=\"fcf\"> <span class=\"_ _2c\"> </span>(362)<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span>(i)<span class=\"_ _1b7\"> </span>The proposed divestment of the entire Norwegian portfolio, and attributing exploration and production goodwill of \u00a3408 million, resulted in an impairment of \u00a3198 million<span class=\"_ _2b7\"> </span> in 2021, before transfer of the remaining balance of \u00a3210 million to assets of disposal groups classified as held for sale.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>Deferred tax assets of \u00a371 million represents tax attributable to Statfjord UK, part of a UK tax group. Deferred tax <span class=\"_ _b\"></span>liabilities are categorised between Statfjord Norway and<span class=\"_ _2b7\"> </span> the portfolio excluding Statfjord purely for presentation purposes.<span class=\"_ _2b7\"> </span> The results of the disposal groups during 2022 reported in business performance are as follows:<span class=\"_ _2b7\"> </span>Statfjord<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Norway<span class=\"_ _2b7\"> </span> portfolio<span class=\"_ _2b7\"> </span> excluding<span class=\"_ _2b7\"> </span> Statfjord<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Operating profit<span class=\"_ _1d1\"> </span> <span class=\"_ _109\"> </span>142 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>416 <span class=\"_ _9e\"> </span> <span class=\"_ _109\"> </span>558<span class=\"_ _2b7\"> </span> Taxation on profit<span class=\"_ _1b1\"> </span> <span class=\"_ _187\"> </span>(87) <span class=\"_ _6\"> </span> <span class=\"_ _146\"> </span>(351) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(438)<span class=\"_ _2b7\"> </span> Profit after taxation<span class=\"_ _1d2\"> </span><span class=\"ff66 fcf\"> <span class=\"_ _55\"> </span>55 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>65 <span class=\"_ _141\"> </span> <span class=\"_ _109\"> </span>120<span class=\"_ _2b7\"> </span></span><span class=\"ff66 fcf\"> </span>Commodity derivatives previously entered into outside of the disposal group to hedge the future production of the disposal group assets<span class=\"_ _2b7\"> </span> have been volumetrically closed prior to the completion date. These derivatives have previously been recognised as a loss of \u00a3121 million<span class=\"_ _2b7\"> </span> within certain re-measurements. In accordance with the Group\u2019s policy, these losses will not be subsequently reflected in the business<span class=\"_ _2b7\"> </span> performance column of the income statement because the underlying performance to which they relate (i.e. the asset production disposal<span class=\"_ _2b7\"> </span> group) will no longer occur. Cash flows associated with these derivatives will occur through to September 2023.<span class=\"_ _2b7\"> </span>In the period to legal completion of 31 May 2022, \u00a373 million pre-tax (\u00a348 million post-tax) realised losses were recognised in business<span class=\"_ _2b7\"> </span> performance.<span class=\"_ _2b7\"> </span>12.  Acquisitions, disposals and disposal groups classified as held for sale<span class=\"_ _2b7\"> </span>Breakdown of consideration:<span class=\"_ _2b7\"> </span>Statfjord<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Norway<span class=\"_ _2b7\"> </span> portfolio<span class=\"_ _2b7\"> </span> excluding<span class=\"_ _2b7\"> </span> Statfjord<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>December 2021 payment<span class=\"_ _1d3\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>39 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>39<span class=\"_ _2b7\"> </span> May 2022 completion payment<span class=\"_ _1d4\"> </span> <span class=\"_ _10c\"> </span>(156) <span class=\"_ _6\"> </span> <span class=\"_ _109\"> </span>278 <span class=\"_ _9e\"> </span> <span class=\"_ _109\"> </span>122<span class=\"_ _2b7\"> </span> 2022 contingent consideration (including tax indemnity)<span class=\"_ _1cd\"> </span> <span class=\"_ _2a\"> </span>30 <span class=\"_ _9e\"> </span> <span class=\"_ _10c\"> </span>(106) <span class=\"_ _6\"> </span> <span class=\"_ _50\"> </span>(76<span class=\"_ _2b7\"> </span>) Total consideration<span class=\"_ _1d2\"> </span> <span class=\"_ _10c\"> </span>(126) <span class=\"_ _106\"> </span> <span class=\"_ _8\"> </span>211 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>85<span class=\"_ _2b7\"> </span> Less cost to dispose<span class=\"_ _1d5\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _187\"> </span>(16) <span class=\"_ _6\"> </span> <span class=\"_ _50\"> </span>(16)  <span class=\"_ _2c\"> </span>(126) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>195 <span class=\"_ _9e\"> </span> <span class=\"_ _55\"> </span>69<span class=\"_ _2b7\"> </span> A reconciliation of the completion amounts received in 2022 to the cash flow statement is presented below:<span class=\"_ _2b7\"> </span>Statfjord<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Norway<span class=\"_ _2b7\"> </span> portfolio<span class=\"_ _2b7\"> </span> excluding<span class=\"_ _2b7\"> </span> Statfjord<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>May 2022 completion payment<span class=\"_ _1d4\"> </span> <span class=\"_ _10c\"> </span>(156) <span class=\"_ _6\"> </span> <span class=\"_ _109\"> </span>278 <span class=\"_ _9e\"> </span> <span class=\"_ _109\"> </span>122<span class=\"_ _2b7\"> </span> 2022 contingent consideration paid<span class=\"_ _1d6\"> </span> <span class=\"_ _4f\"> </span>4 <span class=\"_ _8a\"> </span> <span class=\"_ _50\"> </span>(10) <span class=\"_ _6\"> </span> <span class=\"_ _b3\"> </span>(6)<span class=\"_ _2b7\"> </span> Cash and cash equivalents included with disposal group<span class=\"_ _1d7\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _187\"> </span>(30) <span class=\"_ _6\"> </span> <span class=\"_ _50\"> </span>(30<span class=\"_ _2b7\"> </span>) Disposal fees incurred<span class=\"_ _1d8\"> </span> <span class=\"_ _10d\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _187\"> </span>(16) <span class=\"_ _6\"> </span> <span class=\"_ _50\"> </span>(16<span class=\"_ _2b7\"> </span>) Cash flow statement<span class=\"_ _1d9\"> </span><span class=\"fcf\"> <span class=\"_ _2c\"> </span>(152) <span class=\"_ _106\"> </span> <span class=\"_ _109\"> </span>222 <span class=\"_ _9e\"> </span> <span class=\"_ _55\"> </span>70<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span>Additionally, within the Other segment the disposal of a minority <span class=\"_ _1\"></span>investment made by the former Centrica Innovations business unit in<span class=\"_ _2b7\"> </span> Driivz (an electric vehicle charging software provider) has completed, with cash flow of \u00a320 million received in the second half of t<span class=\"_ _1\"></span>he year.<span class=\"_ _2b7\"> </span>All other disposals undertaken by the Group were immaterial, both individually and in aggregate. These amounted to a gain on disposal of<span class=\"_ _2b7\"> </span> \u00a319 million, and cash inflow of \u00a32 million.<span class=\"_ _2b7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-467": {
   "value": "<div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:554.59186px;\">13.  Property, plant and equipment<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:524.8219px;\">PP&amp;E includes significant investment in power stations, storage assets and gas and liquid production assets. Once<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:511.5619px;\">operational, all assets are depreciated over their useful lives.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:473.78387px;\">(a) <span class=\"_ _ab\"> </span>Carrying amounts<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:266.42444px; bottom:452.48987px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:521.20764px; bottom:453.2309px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:162.4057px; bottom:420.5099px;\">Land and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:163.68738px; bottom:411.1499px;\">buildings<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:185.54596px; bottom:401.78986px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:225.75848px; bottom:439.22986px;\">Plant,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:206.95541px; bottom:429.86987px;\">equipment<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:233.50818px; bottom:420.5099px;\">and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:216.83136px; bottom:411.1499px;\">vehicles<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:235.30997px; bottom:401.78986px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:273.03036px; bottom:420.5099px;\">Power<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:256.88477px; bottom:411.1499px;\">generation<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:285.44537px; bottom:401.78986px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:331.6778px; bottom:439.22986px;\">Gas<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:305.07315px; bottom:429.86987px;\">production<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:332.74496px; bottom:420.5099px;\">and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:317.33087px; bottom:411.1499px;\">storage<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:335.27933px; bottom:401.78986px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:377.5418px; bottom:411.1499px;\">Total<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:384.92422px; bottom:401.78986px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:419.9851px; bottom:420.5099px;\">Land and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:421.7041px; bottom:411.1499px;\">buildings<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:441.04123px; bottom:401.78986px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:482.73724px; bottom:439.22986px;\">Plant,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:464.47748px; bottom:429.86987px;\">equipment<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:489.41888px; bottom:420.5099px;\">and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:474.55505px; bottom:411.1499px;\">vehicles<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:491.84778px; bottom:401.78986px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:529.7446px; bottom:420.5099px;\">Power<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:514.8792px; bottom:411.1499px;\">generation<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:540.42737px; bottom:401.78986px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:588.375px; bottom:439.22986px;\">Gas<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:564.15796px; bottom:429.86987px;\">production<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:588.375px; bottom:420.5099px;\">and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:575.7434px; bottom:411.1499px;\">storage<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:591.4702px; bottom:401.78986px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:411.1499px;\">Total<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:401.78986px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:386.9959px;\">Cost<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:371.39587px;\">1 January <span class=\"_ _11f\"> </span> <span class=\"_ _89\"> </span>259 <span class=\"_ _9e\"> </span> <span class=\"_ _89\"> </span>575 <span class=\"_ _1da\"> </span> <span class=\"_ _89\"> </span>205 <span class=\"_ _9e\"> </span> <span class=\"_ _1db\"> </span>11,339 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _1db\"> </span>12,378 <span class=\"_ _167\"> </span></span> <span class=\"_ _ee\"> </span>303 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>576 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>843 <span class=\"_ _8a\"> </span> <span class=\"_ _11c\"> </span>15,296 <span class=\"_ _8a\"> </span> <span class=\"_ _1db\"> </span>17,018<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:355.7959px;\">Additions and capitalised<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:344.0959px;\">borrowing costs</div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:153.97299px; bottom:349.94586px;\"> <span class=\"_ _54\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _61\"> </span>117 <span class=\"_ _9e\"> </span> <span class=\"_ _47\"> </span>12 <span class=\"_ _9e\"> </span> <span class=\"_ _89\"> </span>123 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _ee\"> </span>252 <span class=\"_ _a9\"> </span></span> <span class=\"_ _146\"> </span>3 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>42 <span class=\"_ _8a\"> </span> <span class=\"_ _17b\"> </span>53 <span class=\"_ _141\"> </span> <span class=\"_ _ee\"> </span>237 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>335<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:328.4959px;\">Disposals/retirements <span class=\"_ _76\"> </span> <span class=\"_ _14d\"> </span>(33)   <span class=\"_ _4e\"> </span>(21)   <span class=\"_ _14d\"> </span>(27) <span class=\"_ _6\"> </span> <span class=\"_ _14d\"> </span>(29) <span class=\"_ _6\"> </span><span class=\"ff66\"> <span class=\"_ _e2\"> </span>(110) <span class=\"_ _ab\"> </span></span> <span class=\"_ _b9\"> </span>(28) <span class=\"_ _106\"> </span> <span class=\"_ _e4\"> </span>(37) <span class=\"_ _8f\"> </span> <span class=\"_ _75\"> </span>(687) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>(7) <span class=\"_ _106\"> </span> <span class=\"_ _75\"> </span>(759<span class=\"_ _2b7\"> </span>) </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:312.89587px;\">Write-downs<span class=\"_ _114\"> </span> <span class=\"_ _54\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _14d\"> </span>(64)  <span class=\"ff66\"> <span class=\"_ _4e\"> </span>(64)</span><span class=\"ff66\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:409.35883px; bottom:312.64886px;\"> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:297.2959px;\">Transfers<span class=\"_ _1dc\"> </span> <span class=\"_ _54\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _a9\"> </span></span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>10 <span class=\"_ _8a\"> </span> <span class=\"_ _17b\"> </span>10<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:281.69586px;\">Transfers to disposal groups held<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:269.9959px;\">for sale</div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:153.97299px; bottom:275.8459px;\"> <span class=\"_ _54\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _a9\"> </span></span> <span class=\"_ _e4\"> </span>(11) <span class=\"_ _8f\"> </span> <span class=\"_ _4c\"> </span>(6) <span class=\"_ _106\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _c7\"> </span>(4,017) <span class=\"_ _106\"> </span> <span class=\"_ _c7\"> </span>(4,034)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:254.39587px;\">Decommissioning liability and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:242.69586px;\">dilapidations revisions and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:230.99591px;\">additions (note 21)</div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:153.97299px; bottom:242.69586px;\"> <span class=\"_ _2c\"> </span>1 <span class=\"_ _9e\"> </span> <span class=\"_ _54\"> </span>\u2014 <span class=\"_ _1da\"> </span> <span class=\"_ _54\"> </span>\u2014 <span class=\"_ _1da\"> </span> <span class=\"_ _81\"> </span>67 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _17b\"> </span>68 <span class=\"_ _167\"> </span></span> <span class=\"_ _146\"> </span>2 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>(12) <span class=\"_ _106\"> </span> <span class=\"_ _b9\"> </span>(10)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:215.39587px;\">Lease modifications and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:203.69586px;\">re-measurements</div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:153.97299px; bottom:209.5459px;\"> <span class=\"_ _54\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _68\"> </span>(7)   <span class=\"_ _54\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _68\"> </span>(7) <span class=\"_ _1b7\"> </span></span> <span class=\"_ _4c\"> </span>(8) <span class=\"_ _8f\"> </span> <span class=\"_ _146\"> </span>1 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>(2) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>(9)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:188.09589px;\">Exchange adjustments<span class=\"_ _10\"> </span> <span class=\"_ _26\"> </span>8 <span class=\"_ _1da\"> </span> <span class=\"_ _81\"> </span>27 <span class=\"_ _1da\"> </span> <span class=\"_ _2c\"> </span>9 <span class=\"_ _9e\"> </span> <span class=\"_ _47\"> </span>81 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _61\"> </span>125 <span class=\"_ _167\"> </span></span> <span class=\"_ _13f\"> </span>(2) <span class=\"_ _106\"> </span> <span class=\"_ _4c\"> </span>(1) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>(4) <span class=\"_ _106\"> </span> <span class=\"_ _75\"> </span>(166) <span class=\"_ _8f\"> </span> <span class=\"_ _75\"> </span>(173<span class=\"_ _2b7\"> </span>) </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:172.49591px;\">31 December <span class=\"_ _1dd\"> </span><span class=\"fcf\"> <span class=\"_ _89\"> </span>235 <span class=\"_ _9e\"> </span> <span class=\"_ _61\"> </span>691 <span class=\"_ _9e\"> </span> <span class=\"_ _61\"> </span>199 <span class=\"_ _141\"> </span> <span class=\"_ _1db\"> </span>11,517 <span class=\"_ _9e\"> </span> <span class=\"_ _1db\"> </span>12,642 <span class=\"_ _167\"> </span><span class=\"ff6b\"> <span class=\"_ _ee\"> </span>259 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>575 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>205 <span class=\"_ _8a\"> </span> <span class=\"_ _1db\"> </span>11,339 <span class=\"_ _141\"> </span> <span class=\"_ _11c\"> </span>12,378<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:150.07089px;\">Accumulated depreciation and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:138.37088px;\">impairment<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:122.770874px;\">1 January <span class=\"_ _11f\"> </span> <span class=\"_ _89\"> </span>131 <span class=\"_ _9e\"> </span> <span class=\"_ _89\"> </span>329 <span class=\"_ _1da\"> </span> <span class=\"_ _81\"> </span>63 <span class=\"_ _9e\"> </span> <span class=\"_ _15\"> </span>9,870 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _1db\"> </span>10,393 <span class=\"_ _167\"> </span></span> <span class=\"_ _ee\"> </span>113 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>257 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>707 <span class=\"_ _8a\"> </span> <span class=\"_ _11c\"> </span>13,298 <span class=\"_ _8a\"> </span> <span class=\"_ _11c\"> </span>14,375<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:107.17087px;\">Charge for the year<span class=\"_ _1de\"> </span> <span class=\"_ _81\"> </span>22 <span class=\"_ _9e\"> </span> <span class=\"_ _47\"> </span>81 <span class=\"_ _9e\"> </span> <span class=\"_ _47\"> </span>15 <span class=\"_ _9e\"> </span> <span class=\"_ _61\"> </span>392 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _ee\"> </span>510 <span class=\"_ _a9\"> </span></span> <span class=\"_ _54\"> </span>27 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>83 <span class=\"_ _8a\"> </span> <span class=\"_ _17b\"> </span>18 <span class=\"_ _141\"> </span> <span class=\"_ _ee\"> </span>452 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>580<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:91.57089px;\">Impairments/(write-backs)<span class=\"_ _46\"> </span> <span class=\"_ _2c\"> </span>4 <span class=\"_ _9e\"> </span> <span class=\"_ _68\"> </span>(2)   <span class=\"_ _4e\"> </span>(10)   <span class=\"_ _81\"> </span>20 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _17b\"> </span>12 <span class=\"_ _167\"> </span></span> <span class=\"_ _146\"> </span>8 <span class=\"_ _8a\"> </span> <span class=\"_ _146\"> </span>1 <span class=\"_ _8a\"> </span> <span class=\"_ _10c\"> </span>8 <span class=\"_ _141\"> </span> <span class=\"_ _75\"> </span>(829) <span class=\"_ _8f\"> </span> <span class=\"_ _75\"> </span>(812<span class=\"_ _2b7\"> </span>) </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:75.97089px;\">Disposals/retirements <span class=\"_ _76\"> </span> <span class=\"_ _14d\"> </span>(28)   <span class=\"_ _4e\"> </span>(19)   <span class=\"_ _14d\"> </span>(25) <span class=\"_ _6\"> </span> <span class=\"_ _14d\"> </span>(29) <span class=\"_ _6\"> </span><span class=\"ff66\"> <span class=\"_ _e2\"> </span>(101) <span class=\"_ _ab\"> </span></span> <span class=\"_ _13f\"> </span>(9) <span class=\"_ _106\"> </span> <span class=\"_ _e4\"> </span>(23) <span class=\"_ _8f\"> </span> <span class=\"_ _75\"> </span>(666) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>(5) <span class=\"_ _106\"> </span> <span class=\"_ _75\"> </span>(703<span class=\"_ _2b7\"> </span>) </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:60.37088px;\">Transfers to disposal groups held<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:48.670868px;\">for sale</div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:153.97299px; bottom:54.520874px;\"> <span class=\"_ _54\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>\u2014 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _a9\"> </span></span> <span class=\"_ _4c\"> </span>(5) <span class=\"_ _8f\"> </span> <span class=\"_ _4c\"> </span>(6) <span class=\"_ _106\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _c7\"> </span>(2,903) <span class=\"_ _106\"> </span> <span class=\"_ _1df\"> </span>(2,914)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:33.070892px;\">Exchange adjustments<span class=\"_ _10\"> </span> <span class=\"_ _26\"> </span>2 <span class=\"_ _1da\"> </span> <span class=\"_ _2c\"> </span>7 <span class=\"_ _9e\"> </span> <span class=\"_ _2c\"> </span>2 <span class=\"_ _9e\"> </span> <span class=\"_ _47\"> </span>69 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _17b\"> </span>80 <span class=\"_ _167\"> </span></span> <span class=\"_ _13f\"> </span>(3) <span class=\"_ _106\"> </span> <span class=\"_ _54\"> </span>17 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>(4) <span class=\"_ _106\"> </span> <span class=\"_ _75\"> </span>(143) <span class=\"_ _8f\"> </span> <span class=\"_ _75\"> </span>(133)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:17.470886px;\">31 December <span class=\"_ _1dd\"> </span><span class=\"fcf\"> <span class=\"_ _89\"> </span>131 <span class=\"_ _9e\"> </span> <span class=\"_ _61\"> </span>396 <span class=\"_ _9e\"> </span> <span class=\"_ _47\"> </span>45 <span class=\"_ _9e\"> </span> <span class=\"_ _1db\"> </span>10,322 <span class=\"_ _141\"> </span> <span class=\"_ _1db\"> </span>10,894 <span class=\"_ _167\"> </span><span class=\"ff6b\"> <span class=\"_ _ee\"> </span>131 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>329 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>63 <span class=\"_ _8a\"> </span> <span class=\"_ _15\"> </span>9,870 <span class=\"_ _8a\"> </span> <span class=\"_ _11c\"> </span>10,393<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:1.8708801px;\">NBV at 31 December<span class=\"_ _1bc\"> </span><span class=\"fcf\"> <span class=\"_ _89\"> </span>104 <span class=\"_ _1da\"> </span> <span class=\"_ _89\"> </span>295 <span class=\"_ _9e\"> </span> <span class=\"_ _61\"> </span>154 <span class=\"_ _9e\"> </span> <span class=\"_ _1e0\"> </span>1,195 <span class=\"_ _9e\"> </span> <span class=\"_ _1e0\"> </span>1,748 <span class=\"_ _167\"> </span><span class=\"ff6b\"> <span class=\"_ _ee\"> </span>128 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>246 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>142 <span class=\"_ _8a\"> </span> <span class=\"_ _7\"> </span>1,469 <span class=\"_ _8e\"> </span> <span class=\"_ _7\"> </span>1,985<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:3.041607px; bottom:293.63208px;\">13.  Property, plant and equipment<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:3.041607px; bottom:265.1491px;\">(b)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h10a ff6f fs25 fca sc0 ls0 ws0\" style=\"left:29.262863px; bottom:264.9801px;\">Assets in the course of construction included in above carrying amounts<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:3.041607px; bottom:231.18011px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:577.0766px; bottom:240.5401px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:582.3676px; bottom:231.18011px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:639.90564px; bottom:240.5401px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:646.4706px; bottom:231.18011px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:3.041607px; bottom:216.1391px;\">Plant, equipment and vehicles</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:537.634px; bottom:216.63312px;\"> <span class=\"_ _55\"> </span>33 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:600.1807px; bottom:216.1391px;\"> <span class=\"_ _4f\"> </span>8<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:3.041607px; bottom:200.53906px;\">Gas production and storage</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:537.634px; bottom:201.03308px;\"> <span class=\"_ _55\"> </span>61 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:600.1807px; bottom:200.53906px;\"> <span class=\"_ _55\"> </span>26<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:3.041607px; bottom:184.93909px;\">Power generation</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:537.634px; bottom:185.4331px;\"> <span class=\"_ _55\"> </span>27 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:600.1807px; bottom:184.93909px;\"> <span class=\"_ _55\"> </span>11<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.0072746277px; bottom:161.47412px;\">(c)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h10a ff6f fs25 fca sc0 ls0 ws0\" style=\"left:26.328506px; bottom:161.30511px;\">Additional information relating to right-of-use assets included in the above<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:287.2328px; bottom:140.18011px;\">2022<span class=\"_ _1e1\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:186.0781px; bottom:108.200134px;\">Land and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:187.57622px; bottom:98.84003px;\">buildings<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:209.98666px; bottom:89.4801px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:245.84872px; bottom:126.920105px;\">Plant,<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:227.74374px; bottom:117.56006px;\">equipment<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:253.97241px; bottom:108.200134px;\">and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:236.53943px; bottom:98.84003px;\">vehicles<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:256.22363px; bottom:89.4801px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:289.75412px; bottom:108.200134px;\">Power<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:275.05502px; bottom:98.84003px;\">generation<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:302.1335px; bottom:89.4801px;\">\u00a3m<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:350.5983px; bottom:126.920105px;\">Gas<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:324.05594px; bottom:117.56006px;\">production<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:350.5983px; bottom:108.200134px;\">and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:335.7762px; bottom:98.84003px;\">storage<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:354.01132px; bottom:89.4801px;\">\u00a3m<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:392.50262px; bottom:98.84003px;\">Total<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:399.73218px; bottom:89.4801px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:430.53583px; bottom:108.200134px;\">Land and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:431.67032px; bottom:98.84003px;\">buildings<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:452.47137px; bottom:89.4801px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:490.4038px; bottom:126.920105px;\">Plant,<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:473.9007px; bottom:117.56006px;\">equipment<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:496.48132px; bottom:108.200134px;\">and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:481.8506px; bottom:98.84003px;\">vehicles<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:498.6112px; bottom:89.4801px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:535.43036px; bottom:108.200134px;\">Power<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:519.5026px; bottom:98.84003px;\">generation<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:545.942px; bottom:89.4801px;\">\u00a3m<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:594.50146px; bottom:126.920105px;\">Gas<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:569.25714px; bottom:117.56006px;\">production<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:594.50146px; bottom:108.200134px;\">and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:581.1463px; bottom:98.84003px;\">storage<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:596.52594px; bottom:89.4801px;\">\u00a3m<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:636.7133px; bottom:98.84003px;\">Total<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:644.22644px; bottom:89.4801px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:3.041607px; bottom:74.43909px;\">Additions<span class=\"_ _1e2\"> </span><span class=\"ff66\"> <span class=\"_ _e4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _14d\"> </span>54 <span class=\"_ _141\"> </span> <span class=\"_ _e4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _86\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _14d\"> </span>54 <span class=\"_ _1e3\"> </span></span> <span class=\"_ _68\"> </span>3 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>31 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _a0\"> </span>6 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>40<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:3.041607px; bottom:58.83911px;\">Depreciation charge for the year<span class=\"_ _f4\"> </span><span class=\"ff66\"> <span class=\"_ _89\"> </span>(21) <span class=\"_ _106\"> </span> <span class=\"_ _61\"> </span>(66) <span class=\"_ _8f\"> </span> <span class=\"_ _e4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e4\"> </span>(12) <span class=\"_ _106\"> </span> <span class=\"_ _89\"> </span>(99) <span class=\"_ _147\"> </span></span> <span class=\"_ _ee\"> </span>(25) <span class=\"_ _106\"> </span> <span class=\"_ _ee\"> </span>(62) <span class=\"_ _8f\"> </span> <span class=\"_ _54\"> </span>(8) <span class=\"_ _106\"> </span> <span class=\"_ _4a\"> </span>(21) <span class=\"_ _106\"> </span> <span class=\"_ _11\"> </span>(116)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:3.041607px; bottom:43.239075px;\">NBV at 31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:97.23427px; bottom:46.71985px;\">(i)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:180.24266px; bottom:43.239075px;\"> <span class=\"_ _14d\"> </span>86 <span class=\"_ _8a\"> </span> <span class=\"_ _e2\"> </span>207 <span class=\"_ _141\"> </span> <span class=\"_ _e4\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _82\"> </span>16 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>309 <span class=\"_ _1e3\"> </span><span class=\"ff6b\"> <span class=\"_ _10f\"> </span>106 <span class=\"_ _8a\"> </span> <span class=\"_ _10f\"> </span>208 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>28 <span class=\"_ _8a\"> </span> <span class=\"_ _e2\"> </span>342<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:3.041607px; bottom:25.975098px;\">(i)<span class=\"_ _1b7\"> </span>In 2022 \u00a3nil (2021: \u00a35 million) of transfers to held for sale have taken place, in addition to other movements relating to right-of-<span class=\"_ _1\"></span>use assets not disclosed individually.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:3.041607px; bottom:2.1331177px;\">Further information on the Group\u2019s leasing arrangements is provided in note <span class=\"_ _1\"></span>23.<span class=\"ff6d\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-468": {
   "value": "14. Interests in joint ventures and associates Investments in joint ventures and associates represent businesses where we exercise joint control or significant  influence and generally have an equity holding of up to 50%. These include the investment in Lake Acquisitions Limited,  which owns the existing EDF UK nuclear power station fleet. (a) Interests in joint ventures and associates 2022 2021 Investments in  joint ventures  and associates \u00a3m  Investments in  joint ventures  and associates  \u00a3m 1 January    1,628  843 Additions (i)  18    \u2014  Write-backs  (ii)  195  747 Share of profit/(loss) for the year   93    (103)  Share of other comprehensive (loss)/income (iii)  (293)  152 Dividends   (60)    (2)  Disposals  (iv)  \u2014    (2)  Other movements   (1)    (7)  31 December    1,580    1,628  (i) The \u00a318 million in 2022 relates to cash injections into Greener Ideas Limited. (ii) The \u00a3195 million in 2022 relates to nuclear investment write-back (2021: \u00a3747 million). See note 7 for further details. (iii) Share of other comprehensive (loss)/income mainly relates to actuarial changes on pension schemes within the nuclear investment. (iv) In 2021, the Group sold its 50% equity stake in Barrow Shipping Limited. (b) Share of joint ventures\u2019 and associates\u2019 assets and liabilities 2022 2021 31 December  Associates Nuclear \u00a3m Other \u00a3m Total \u00a3m Total \u00a3m Share of non-current assets  4,175    21    4,196    5,113  Share of current assets  842    \u2014    842    706   5,017    21    5,038    5,819  Share of current liabilities  (348)    \u2014    (348)    (359)  Share of non-current liabilities  (2,612)    (1)    (2,613)    (3,140)   (2,960)    (1)    (2,961)    (3,499)  Cumulative impairment  (497)    \u2014    (497)   (692)  Interests in joint ventures and associates  1,560    20    1,580   1,628  Net cash included in share of net assets  112    \u2014    112   50  Further information on the Group\u2019s investments in joint ventures and associates is provided in notes 6 and S10. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-526": {
   "value": "14. Interests in joint ventures and associates Investments in joint ventures and associates represent businesses where we exercise joint control or significant  influence and generally have an equity holding of up to 50%. These include the investment in Lake Acquisitions Limited,  which owns the existing EDF UK nuclear power station fleet. (a) Interests in joint ventures and associates 2022 2021 Investments in  joint ventures  and associates \u00a3m  Investments in  joint ventures  and associates  \u00a3m 1 January    1,628  843 Additions (i)  18    \u2014  Write-backs  (ii)  195  747 Share of profit/(loss) for the year   93    (103)  Share of other comprehensive (loss)/income (iii)  (293)  152 Dividends   (60)    (2)  Disposals  (iv)  \u2014    (2)  Other movements   (1)    (7)  31 December    1,580    1,628  (i) The \u00a318 million in 2022 relates to cash injections into Greener Ideas Limited. (ii) The \u00a3195 million in 2022 relates to nuclear investment write-back (2021: \u00a3747 million). See note 7 for further details. (iii) Share of other comprehensive (loss)/income mainly relates to actuarial changes on pension schemes within the nuclear investment. (iv) In 2021, the Group sold its 50% equity stake in Barrow Shipping Limited. (b) Share of joint ventures\u2019 and associates\u2019 assets and liabilities 2022 2021 31 December  Associates Nuclear \u00a3m Other \u00a3m Total \u00a3m Total \u00a3m Share of non-current assets  4,175    21    4,196    5,113  Share of current assets  842    \u2014    842    706   5,017    21    5,038    5,819  Share of current liabilities  (348)    \u2014    (348)    (359)  Share of non-current liabilities  (2,612)    (1)    (2,613)    (3,140)   (2,960)    (1)    (2,961)    (3,499)  Cumulative impairment  (497)    \u2014    (497)   (692)  Interests in joint ventures and associates  1,560    20    1,580   1,628  Net cash included in share of net assets  112    \u2014    112   50  Further information on the Group\u2019s investments in joint ventures and associates is provided in notes 6 and S10. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-469": {
   "value": "<div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:690.1063px;\">15.<span class=\"_ _13e\"> </span>Other intangible assets and goodwill<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:658.8413px;\">The Group Balance Sheet contains significant intangible assets. Goodwill, customer relationships and brands usually<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:645.5813px;\">arise when we acquire a business. Goodwill is attributable to enhanced geographical presence, cost savings, syne<span class=\"_ _1\"></span>rgies,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:632.3213px;\">growth opportunities, the assembled workforce and also arises from items such as deferred tax. Goodwill is not<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:619.06134px;\">amortised but is assessed for recoverability each year.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:599.30133px;\">The Group uses European Union Allowances (EUAs) and Renewable Obligation Certificates/Renewable Energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:586.0413px;\">Certificates (ROCs/RECs) to satisfy its related obligations.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:566.2813px;\">Upstream exploration and evaluation expenditure is capitalised as an intangible asset until development of the asset<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:553.0213px;\">commences, at which point it is transferred to PP&amp;E or is deemed not commercially viable and is written down.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:517.6483px;\">(a)<span class=\"_ _107\"> </span>Carrying amounts<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:241.74509px; bottom:492.45435px;\">2022<span class=\"_ _1e9\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:129.53636px; bottom:469.8343px;\">Customer<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:117.63423px; bottom:460.47437px;\">relationships<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:123.48773px; bottom:451.11426px;\">and brands<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:153.97299px; bottom:441.75433px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:174.15419px; bottom:460.47437px;\">Application<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:172.81429px; bottom:451.11426px;\">software<span class=\"_ _2b7\"> </span></div><div class=\"t m0 heb ff66 fs64 fc14 sc0 ls0 ws0\" style=\"left:206.95541px; bottom:453.89893px;\">(i)(ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:204.58575px; bottom:441.75433px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:235.30997px; bottom:469.8343px;\">EUA/<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:235.30997px; bottom:460.47437px;\">ROC/<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:237.75409px; bottom:451.11426px;\">REC<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:242.81747px; bottom:441.75433px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:264.10587px; bottom:479.19434px;\">Exploration<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:292.41428px; bottom:469.8343px;\">and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:267.4799px; bottom:460.47437px;\">evaluation<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:262.51428px; bottom:451.11426px;\">expenditure<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:294.93536px; bottom:441.75433px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:313.812px; bottom:451.11426px;\">Goodwill<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:335.27933px; bottom:441.75433px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:363.66287px; bottom:451.11426px;\">Total<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:371.30948px; bottom:441.75433px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:405.9946px; bottom:469.8343px;\">Customer<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:395.30615px; bottom:460.47437px;\">relationships<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:400.34497px; bottom:451.11426px;\">and brands<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:428.63907px; bottom:441.75433px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:448.0607px; bottom:460.47437px;\">Application<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:448.0607px; bottom:451.11426px;\">software<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hed ff6b fs64 fcf sc0 ls0 ws0\" style=\"left:477.6211px; bottom:453.89893px;\">(i)(ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:475.7846px; bottom:441.75433px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:507.13647px; bottom:469.8343px;\">EUA/<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:505.5614px; bottom:460.47437px;\">ROC/<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:509.61737px; bottom:451.11426px;\">REC<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:514.8792px; bottom:441.75433px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:536.3386px; bottom:479.19434px;\">Exploration<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:561.6269px; bottom:469.8343px;\">and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:539.3072px; bottom:460.47437px;\">evaluation<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:534.6027px; bottom:451.11426px;\">expenditure<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:564.15796px; bottom:441.75433px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:583.1019px; bottom:451.11426px;\">Goodwill<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:602.12354px; bottom:441.75433px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:451.11426px;\">Total<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:441.75433px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:426.96033px;\">Cost<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:411.36035px;\">1 January <span class=\"_ _1ea\"> </span><span class=\"ff66\"> <span class=\"_ _17b\"> </span>201 <span class=\"_ _9e\"> </span> <span class=\"_ _1e0\"> </span>1,584 <span class=\"_ _9e\"> </span> <span class=\"_ _113\"> </span>213 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>121 <span class=\"_ _141\"> </span> <span class=\"_ _ed\"> </span>665 <span class=\"_ _141\"> </span> <span class=\"_ _106\"> </span>2,784 <span class=\"_ _11c\"> </span></span> <span class=\"_ _4e\"> </span>203 <span class=\"_ _141\"> </span> <span class=\"_ _113\"> </span>1,752 <span class=\"_ _8a\"> </span> <span class=\"_ _c7\"> </span>208 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>352 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>1,651 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>4,166<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:395.76038px;\">Additions and capitalised<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:384.06036px;\">borrowing costs</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:117.63423px; bottom:389.91034px;\"> <span class=\"_ _78\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>44 <span class=\"_ _141\"> </span> <span class=\"_ _113\"> </span>799 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _1e3\"> </span>843 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>46 <span class=\"_ _8a\"> </span> <span class=\"_ _c7\"> </span>654 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>51 <span class=\"_ _8a\"> </span> <span class=\"_ _17a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _12\"> </span>751<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:368.46033px;\">Acquisitions<span class=\"_ _b1\"> </span><span class=\"ff66\"> <span class=\"_ _10c\"> </span>11 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _e5\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>11 <span class=\"_ _11c\"> </span></span> <span class=\"_ _86\"> </span>13 <span class=\"_ _141\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8e\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _74\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1eb\"> </span>13<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:352.86035px;\">Disposals/retirements<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:341.16034px;\">and surrenders</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:117.63423px; bottom:347.01038px;\"> <span class=\"_ _109\"> </span>(9) <span class=\"_ _106\"> </span> <span class=\"_ _e2\"> </span>(129) <span class=\"_ _106\"> </span> <span class=\"_ _1db\"> </span>(732) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _147\"> </span>(870) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _10c\"> </span>(9) <span class=\"_ _106\"> </span> <span class=\"_ _11\"> </span>(215) <span class=\"_ _106\"> </span> <span class=\"_ _a9\"> </span>(648) <span class=\"_ _8f\"> </span> <span class=\"_ _b9\"> </span>(26) <span class=\"_ _106\"> </span> <span class=\"_ _74\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _1e3\"> </span>(898<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\">) </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:325.56036px;\">Write-downs<span class=\"_ _b0\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1c\"> </span>\u2014 <span class=\"_ _11c\"> </span></span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>(58) <span class=\"_ _106\"> </span> <span class=\"_ _17a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _83\"> </span>(58)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:309.96033px;\">Transfers<span class=\"_ _91\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1c\"> </span>\u2014 <span class=\"_ _11c\"> </span></span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>(10) <span class=\"_ _106\"> </span> <span class=\"_ _17a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1e0\"> </span>(10)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:294.36035px;\">Transfers to disposal<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:282.66034px;\">groups held for sale</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:117.63423px; bottom:288.51035px;\"> <span class=\"_ _78\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1c\"> </span>\u2014 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8e\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _75\"> </span>(187) <span class=\"_ _106\"> </span> <span class=\"_ _1e3\"> </span>(968) <span class=\"_ _106\"> </span> <span class=\"_ _8f\"> </span>(1,155)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:267.06033px;\">Exchange adjustments<span class=\"_ _1eb\"> </span><span class=\"ff66\"> <span class=\"_ _140\"> </span>5 <span class=\"_ _141\"> </span> <span class=\"_ _47\"> </span>11 <span class=\"_ _9e\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _17a\"> </span>15 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>31 <span class=\"_ _11c\"> </span></span> <span class=\"_ _2c\"> </span>(6) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>1 <span class=\"_ _8a\"> </span> <span class=\"_ _75\"> </span>(1) <span class=\"_ _8f\"> </span> <span class=\"_ _4c\"> </span>(1) <span class=\"_ _106\"> </span> <span class=\"_ _83\"> </span>(18) <span class=\"_ _106\"> </span> <span class=\"_ _1e0\"> </span>(25)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:251.46036px;\">31 December <span class=\"_ _72\"> </span><span class=\"fcf\"> <span class=\"_ _17b\"> </span>208 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>1,510 <span class=\"_ _141\"> </span> <span class=\"_ _113\"> </span>280 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>121 <span class=\"_ _141\"> </span> <span class=\"_ _ed\"> </span>680 <span class=\"_ _141\"> </span> <span class=\"_ _106\"> </span>2,799 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _14d\"> </span>201 <span class=\"_ _8a\"> </span> <span class=\"_ _113\"> </span>1,584 <span class=\"_ _8a\"> </span> <span class=\"_ _c7\"> </span>213 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>121 <span class=\"_ _8a\"> </span> <span class=\"_ _107\"> </span>665 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>2,784<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:215.38535px;\">Accumulated<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:203.68533px;\">amortisation<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:188.08536px;\">1 January <span class=\"_ _1ea\"> </span> <span class=\"_ _146\"> </span>95 <span class=\"_ _141\"> </span> <span class=\"_ _1e0\"> </span>1,143 <span class=\"_ _9e\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4e\"> </span>121 <span class=\"_ _141\"> </span> <span class=\"_ _ed\"> </span>264 <span class=\"_ _141\"> </span> <span class=\"_ _106\"> </span>1,623 <span class=\"_ _11c\"> </span> <span class=\"_ _68\"> </span>91 <span class=\"_ _8a\"> </span> <span class=\"_ _113\"> </span>1,166 <span class=\"_ _8a\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _ee\"> </span>247 <span class=\"_ _8a\"> </span> <span class=\"_ _12\"> </span>722 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>2,226<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:172.48535px;\">Amortisation<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:56.789932px; bottom:175.9661px;\">(iii)</div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:117.63423px; bottom:172.48535px;\"> <span class=\"_ _146\"> </span>17 <span class=\"_ _141\"> </span> <span class=\"_ _61\"> </span>142 <span class=\"_ _141\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1db\"> </span>159 <span class=\"_ _11c\"> </span> <span class=\"_ _68\"> </span>13 <span class=\"_ _8a\"> </span> <span class=\"_ _e2\"> </span>175 <span class=\"_ _8a\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _17a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _12\"> </span>188<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:156.88535px;\">Disposals/retirements<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:145.18533px;\">and surrenders</div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:117.63423px; bottom:151.03534px;\"> <span class=\"_ _8\"> </span>(9) <span class=\"_ _6\"> </span> <span class=\"_ _10f\"> </span>(129) <span class=\"_ _6\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e5\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _8d\"> </span>(138) <span class=\"_ _c5\"> </span> <span class=\"_ _2c\"> </span>(9) <span class=\"_ _106\"> </span> <span class=\"_ _74\"> </span>(211) <span class=\"_ _106\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _86\"> </span>\u2014 <span class=\"_ _8e\"> </span> <span class=\"_ _17a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1e3\"> </span>(220)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:129.58536px;\">Impairments<span class=\"_ _f8\"> </span> <span class=\"_ _50\"> </span>5 <span class=\"_ _141\"> </span> <span class=\"_ _47\"> </span>15 <span class=\"_ _9e\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _e5\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>20 <span class=\"_ _11c\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _14d\"> </span>17 <span class=\"_ _8a\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _107\"> </span>301 <span class=\"_ _8a\"> </span> <span class=\"_ _107\"> </span>318<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:113.98535px;\">Transfers to disposal<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:102.28534px;\">groups held for sale</div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:117.63423px; bottom:108.135345px;\"> <span class=\"_ _78\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1c\"> </span>\u2014 <span class=\"_ _11c\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8e\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _75\"> </span>(124) <span class=\"_ _106\"> </span> <span class=\"_ _1e3\"> </span>(758) <span class=\"_ _106\"> </span> <span class=\"_ _1e3\"> </span>(882)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:86.68533px;\">Exchange adjustments<span class=\"_ _1eb\"> </span> <span class=\"_ _140\"> </span>3 <span class=\"_ _141\"> </span> <span class=\"_ _10c\"> </span>9 <span class=\"_ _141\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13\"> </span>7 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>19 <span class=\"_ _11c\"> </span> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _17b\"> </span>(4) <span class=\"_ _106\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>(2) <span class=\"_ _106\"> </span> <span class=\"_ _e2\"> </span>(1) <span class=\"_ _106\"> </span> <span class=\"_ _e2\"> </span>(7<span class=\"_ _2b7\"> </span>) </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:71.08536px;\">31 December <span class=\"_ _72\"> </span><span class=\"ff6b fcf\"> <span class=\"_ _17b\"> </span>111 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>1,180 <span class=\"_ _141\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>121 <span class=\"_ _141\"> </span> <span class=\"_ _ed\"> </span>271 <span class=\"_ _141\"> </span> <span class=\"_ _106\"> </span>1,683 <span class=\"_ _11c\"> </span> <span class=\"_ _86\"> </span>95 <span class=\"_ _141\"> </span> <span class=\"_ _113\"> </span>1,143 <span class=\"_ _8a\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>121 <span class=\"_ _8a\"> </span> <span class=\"_ _12\"> </span>264 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>1,623<span class=\"_ _2b7\"> </span></span><span class=\"ff6b fcf\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:55.238342px;\">NBV at 31 December </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:117.63423px; bottom:55.48535px;\"> <span class=\"_ _146\"> </span>97 <span class=\"_ _141\"> </span> <span class=\"_ _61\"> </span>330 <span class=\"_ _141\"> </span> <span class=\"_ _113\"> </span>280 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _ed\"> </span>409 <span class=\"_ _141\"> </span> <span class=\"_ _106\"> </span>1,116 <span class=\"_ _11c\"> </span> <span class=\"_ _4e\"> </span>106 <span class=\"_ _8a\"> </span> <span class=\"_ _10f\"> </span>441 <span class=\"_ _8a\"> </span> <span class=\"_ _1df\"> </span>213 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _107\"> </span>401 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>1,161<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:36.024292px;\">(i)<span class=\"_ _1b7\"> </span>Application software includes assets under construction with a cost of \u00a383 million (2021:<span class=\"_ _b\"></span> \u00a371 million).<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:23.934326px;\">(ii)<span class=\"_ _147\"> </span>The remaining amortisation period of individually material application software assets, which had a carrying value of \u00a3100 million (<span class=\"_ _1\"></span>2021: \u00a3171 million), is between 0 and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:13.794327px;\">4 years. Additionally, there is \u00a361 million (2021: \u00a343 million) of individually material software assets under construction.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:1.7043457px;\">(iii)<span class=\"_ _141\"> </span>Amortisation of \u00a3159 million (2021: \u00a3188 million) has been recognised in operating costs from continuing operations before exceptional items.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:360.16333px;\">15.<span class=\"_ _13e\"> </span>Other intangible assets and goodwill<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:342.08032px;\">(b)<span class=\"_ _12\"> </span>Carrying amount of goodwill and intangible assets with indefinite useful lives allocated to CGUs<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:323.36035px;\">Goodwill acquired through business combinations, and indefinite-lived intangible assets, have been allocated for impairment testing<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:310.1004px;\">purposes to individual CGUs or groups of CGUs, each representing the lowest level within the Group at which the goodwill or indefinite-<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:296.84027px;\">lived intangible asset is monitored for internal management purposes.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:371.30948px; bottom:277.10638px;\">2022<span class=\"_ _1a5\"> </span><span class=\"ff6b fcf\">2<span class=\"_ _1\"></span>021<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:235.1814px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:149.62138px; bottom:253.90137px;\">Principal acquisitions to which<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:149.62138px; bottom:244.54132px;\">goodwill and intangibles with<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:149.62138px; bottom:235.1814px;\">indefinite useful lives relate<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:301.43692px; bottom:263.26135px;\">Carrying<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:296.38788px; bottom:253.90137px;\">amount of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:302.49176px; bottom:244.54132px;\">goodwill<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:322.3394px; bottom:235.1814px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:346.29434px; bottom:263.26135px;\">Carrying amount of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:363.66287px; bottom:253.90137px;\">indefinite-lived</div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:346.29434px; bottom:244.54132px;\"> intangible assets<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fc12 sc0 ls0 ws0\" style=\"left:413.85678px; bottom:247.32593px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:408.06308px; bottom:235.1814px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:452.07513px; bottom:244.54132px;\">Total<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:460.0528px; bottom:235.1814px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:494.50787px; bottom:263.26135px;\">Carrying<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:489.41888px; bottom:253.90137px;\">amount of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:494.50787px; bottom:244.54132px;\">goodwill<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:512.88794px; bottom:235.1814px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:532.3991px; bottom:263.26135px;\">Carrying amount of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:547.4924px; bottom:253.90137px;\">indefinite-lived<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:534.6027px; bottom:244.54132px;\">intangible assets<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hed ff6b fs64 fcf sc0 ls0 ws0\" style=\"left:594.52454px; bottom:247.32593px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:588.375px; bottom:235.1814px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:244.54132px;\">Total<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:235.1814px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:220.38739px;\">CGUs<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:204.78735px;\">British Gas Services &amp; Solutions<span class=\"_ _bb\"> </span>AlertMe/Dyno-Rod<span class=\"_ _57\"> </span><span class=\"ff66\"> <span class=\"_ _68\"> </span>63 <span class=\"_ _141\"> </span> <span class=\"_ _e9\"> </span>57 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>120 <span class=\"_ _141\"> </span></span> <span class=\"_ _4c\"> </span>63 <span class=\"_ _8a\"> </span> <span class=\"_ _4b\"> </span>57 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>120<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:189.18738px;\">British Gas Energy<span class=\"_ _88\"> </span>Enron Direct/Electricity Direct<span class=\"_ _11c\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>121 <span class=\"_ _141\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>121 <span class=\"_ _141\"> </span></span> <span class=\"_ _e4\"> </span>121 <span class=\"_ _8a\"> </span> <span class=\"_ _f0\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>121<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:173.5874px;\">Centrica Business Solutions</div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:2.919365px; bottom:152.13739px;\">   \u2013 Energy solutions<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:149.62138px; bottom:157.98737px;\">ENER-G/Panoramic Power/<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:149.62138px; bottom:146.28735px;\">REstore/SmartWatt</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:287.89496px; bottom:152.13739px;\"> <span class=\"_ _7c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span><span class=\"ff6b\"> <span class=\"_ _26\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _f0\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _30\"> </span>\u2014</span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:2.919365px; bottom:130.68738px;\">   \u2013 Energy supply<span class=\"_ _88\"> </span>Enron Direct/Electr<span class=\"_ _1\"></span>icity Direct<span class=\"_ _a9\"> </span><span class=\"ff66\"> <span class=\"_ _68\"> </span>60 <span class=\"_ _141\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>60 <span class=\"_ _141\"> </span></span> <span class=\"_ _13f\"> </span>60 <span class=\"_ _141\"> </span> <span class=\"_ _f0\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>60<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:115.0874px;\">Bord G\u00e1is Energy<span class=\"_ _d2\"> </span>Bord G\u00e1is Energy<span class=\"_ _130\"> </span><span class=\"ff66\"> <span class=\"_ _13f\"> </span>16 <span class=\"_ _8a\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>16 <span class=\"_ _141\"> </span></span> <span class=\"_ _4c\"> </span>15 <span class=\"_ _8a\"> </span> <span class=\"_ _f0\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>15<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:99.487366px;\">Energy Marketing &amp; Trading<span class=\"_ _81\"> </span>Neas Energy<span class=\"_ _169\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>149 <span class=\"_ _9e\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _14d\"> </span>149 <span class=\"_ _9e\"> </span></span> <span class=\"_ _b9\"> </span>142 <span class=\"_ _8a\"> </span> <span class=\"_ _1ec\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>142<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:78.03735px;\">Upstream<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:149.62138px; bottom:83.64032px;\">Newfield/Heimdal/Venture/<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:149.62138px; bottom:71.94037px;\">Bayerngas</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:287.89496px; bottom:78.03735px;\"> <span class=\"_ _7c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span><span class=\"ff6b\"> <span class=\"_ _26\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _f0\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _30\"> </span>\u2014</span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:287.89496px; bottom:56.58734px;\"> <span class=\"_ _14d\"> </span>409 <span class=\"_ _9e\"> </span> <span class=\"_ _e9\"> </span>57 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>466 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _b9\"> </span>401 <span class=\"_ _141\"> </span> <span class=\"_ _4b\"> </span>57 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>458<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:39.076355px;\">(i)<span class=\"_ _1b7\"> </span>The indefinite-lived intangible assets relate mainly to the Dyno-Rod brand.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.39032px;\">The Group has considered the impact of climate change on the carrying value of goodwill, including the impact of the risks and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.130371px;\">opportunities. See note 3(c).<span class=\"_ _2b7\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-549": {
   "value": "15.<span class=\"_ _13e\"> </span>Other intangible assets and goodwill<span class=\"_ _2b7\"> </span>The Group Balance Sheet contains significant intangible assets. Goodwill, customer relationships and brands usually<span class=\"_ _2b7\"> </span> arise when we acquire a business. Goodwill is attributable to enhanced geographical presence, cost savings, syne<span class=\"_ _1\"></span>rgies,<span class=\"_ _2b7\"> </span> growth opportunities, the assembled workforce and also arises from items such as deferred tax. Goodwill is not<span class=\"_ _2b7\"> </span> amortised but is assessed for recoverability each year.<span class=\"_ _2b7\"> </span>The Group uses European Union Allowances (EUAs) and Renewable Obligation Certificates/Renewable Energy<span class=\"_ _2b7\"> </span> Certificates (ROCs/RECs) to satisfy its related obligations.<span class=\"_ _2b7\"> </span>Upstream exploration and evaluation expenditure is capitalised as an intangible asset until development of the asset<span class=\"_ _2b7\"> </span> commences, at which point it is transferred to PP&amp;E or is deemed not commercially viable and is written down.<span class=\"_ _2b7\"> </span>(a)<span class=\"_ _107\"> </span>Carrying amounts<span class=\"_ _2b7\"> </span>2022<span class=\"_ _1e9\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>Customer<span class=\"_ _2b7\"> </span> relationships<span class=\"_ _2b7\"> </span> and brands<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Application<span class=\"_ _2b7\"> </span> software<span class=\"_ _2b7\"> </span>(i)(ii)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>EUA/<span class=\"_ _2b7\"> </span>ROC/<span class=\"_ _2b7\"> </span>REC<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Exploration<span class=\"_ _2b7\"> </span> and<span class=\"_ _2b7\"> </span> evaluation<span class=\"_ _2b7\"> </span> expenditure<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Goodwill<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Customer<span class=\"_ _2b7\"> </span> relationships<span class=\"_ _2b7\"> </span> and brands<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Application<span class=\"_ _2b7\"> </span> software<span class=\"_ _2b7\"> </span>(i)(ii)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>EUA/<span class=\"_ _2b7\"> </span>ROC/<span class=\"_ _2b7\"> </span>REC<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Exploration<span class=\"_ _2b7\"> </span> and<span class=\"_ _2b7\"> </span> evaluation<span class=\"_ _2b7\"> </span> expenditure<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Goodwill<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Cost<span class=\"_ _2b7\"> </span>1 January <span class=\"_ _1ea\"> </span><span class=\"ff66\"> <span class=\"_ _17b\"> </span>201 <span class=\"_ _9e\"> </span> <span class=\"_ _1e0\"> </span>1,584 <span class=\"_ _9e\"> </span> <span class=\"_ _113\"> </span>213 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>121 <span class=\"_ _141\"> </span> <span class=\"_ _ed\"> </span>665 <span class=\"_ _141\"> </span> <span class=\"_ _106\"> </span>2,784 <span class=\"_ _11c\"> </span></span> <span class=\"_ _4e\"> </span>203 <span class=\"_ _141\"> </span> <span class=\"_ _113\"> </span>1,752 <span class=\"_ _8a\"> </span> <span class=\"_ _c7\"> </span>208 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>352 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>1,651 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>4,166<span class=\"_ _2b7\"> </span> Additions and capitalised<span class=\"_ _2b7\"> </span> borrowing costs <span class=\"_ _78\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>44 <span class=\"_ _141\"> </span> <span class=\"_ _113\"> </span>799 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _1e3\"> </span>843 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>46 <span class=\"_ _8a\"> </span> <span class=\"_ _c7\"> </span>654 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>51 <span class=\"_ _8a\"> </span> <span class=\"_ _17a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _12\"> </span>751<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span>Acquisitions<span class=\"_ _b1\"> </span><span class=\"ff66\"> <span class=\"_ _10c\"> </span>11 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _e5\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>11 <span class=\"_ _11c\"> </span></span> <span class=\"_ _86\"> </span>13 <span class=\"_ _141\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8e\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _74\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1eb\"> </span>13<span class=\"_ _2b7\"> </span> Disposals/retirements<span class=\"_ _2b7\"> </span> and surrenders <span class=\"_ _109\"> </span>(9) <span class=\"_ _106\"> </span> <span class=\"_ _e2\"> </span>(129) <span class=\"_ _106\"> </span> <span class=\"_ _1db\"> </span>(732) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _147\"> </span>(870) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _10c\"> </span>(9) <span class=\"_ _106\"> </span> <span class=\"_ _11\"> </span>(215) <span class=\"_ _106\"> </span> <span class=\"_ _a9\"> </span>(648) <span class=\"_ _8f\"> </span> <span class=\"_ _b9\"> </span>(26) <span class=\"_ _106\"> </span> <span class=\"_ _74\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _1e3\"> </span>(898<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\">) </span>Write-downs<span class=\"_ _b0\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1c\"> </span>\u2014 <span class=\"_ _11c\"> </span></span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>(58) <span class=\"_ _106\"> </span> <span class=\"_ _17a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _83\"> </span>(58)<span class=\"_ _2b7\"> </span> Transfers<span class=\"_ _91\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1c\"> </span>\u2014 <span class=\"_ _11c\"> </span></span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>(10) <span class=\"_ _106\"> </span> <span class=\"_ _17a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1e0\"> </span>(10)<span class=\"_ _2b7\"> </span> Transfers to disposal<span class=\"_ _2b7\"> </span> groups held for sale <span class=\"_ _78\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1c\"> </span>\u2014 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8e\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _75\"> </span>(187) <span class=\"_ _106\"> </span> <span class=\"_ _1e3\"> </span>(968) <span class=\"_ _106\"> </span> <span class=\"_ _8f\"> </span>(1,155)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span>Exchange adjustments<span class=\"_ _1eb\"> </span><span class=\"ff66\"> <span class=\"_ _140\"> </span>5 <span class=\"_ _141\"> </span> <span class=\"_ _47\"> </span>11 <span class=\"_ _9e\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _17a\"> </span>15 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>31 <span class=\"_ _11c\"> </span></span> <span class=\"_ _2c\"> </span>(6) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>1 <span class=\"_ _8a\"> </span> <span class=\"_ _75\"> </span>(1) <span class=\"_ _8f\"> </span> <span class=\"_ _4c\"> </span>(1) <span class=\"_ _106\"> </span> <span class=\"_ _83\"> </span>(18) <span class=\"_ _106\"> </span> <span class=\"_ _1e0\"> </span>(25)<span class=\"_ _2b7\"> </span> 31 December <span class=\"_ _72\"> </span><span class=\"fcf\"> <span class=\"_ _17b\"> </span>208 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>1,510 <span class=\"_ _141\"> </span> <span class=\"_ _113\"> </span>280 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>121 <span class=\"_ _141\"> </span> <span class=\"_ _ed\"> </span>680 <span class=\"_ _141\"> </span> <span class=\"_ _106\"> </span>2,799 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _14d\"> </span>201 <span class=\"_ _8a\"> </span> <span class=\"_ _113\"> </span>1,584 <span class=\"_ _8a\"> </span> <span class=\"_ _c7\"> </span>213 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>121 <span class=\"_ _8a\"> </span> <span class=\"_ _107\"> </span>665 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>2,784<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span>Accumulated<span class=\"_ _2b7\"> </span> amortisation<span class=\"_ _2b7\"> </span>1 January <span class=\"_ _1ea\"> </span> <span class=\"_ _146\"> </span>95 <span class=\"_ _141\"> </span> <span class=\"_ _1e0\"> </span>1,143 <span class=\"_ _9e\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4e\"> </span>121 <span class=\"_ _141\"> </span> <span class=\"_ _ed\"> </span>264 <span class=\"_ _141\"> </span> <span class=\"_ _106\"> </span>1,623 <span class=\"_ _11c\"> </span> <span class=\"_ _68\"> </span>91 <span class=\"_ _8a\"> </span> <span class=\"_ _113\"> </span>1,166 <span class=\"_ _8a\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _ee\"> </span>247 <span class=\"_ _8a\"> </span> <span class=\"_ _12\"> </span>722 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>2,226<span class=\"_ _2b7\"> </span> Amortisation<span class=\"_ _2b7\"> </span> (iii) <span class=\"_ _146\"> </span>17 <span class=\"_ _141\"> </span> <span class=\"_ _61\"> </span>142 <span class=\"_ _141\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1db\"> </span>159 <span class=\"_ _11c\"> </span> <span class=\"_ _68\"> </span>13 <span class=\"_ _8a\"> </span> <span class=\"_ _e2\"> </span>175 <span class=\"_ _8a\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _17a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _12\"> </span>188<span class=\"_ _2b7\"> </span> Disposals/retirements<span class=\"_ _2b7\"> </span> and surrenders <span class=\"_ _8\"> </span>(9) <span class=\"_ _6\"> </span> <span class=\"_ _10f\"> </span>(129) <span class=\"_ _6\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e5\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _8d\"> </span>(138) <span class=\"_ _c5\"> </span> <span class=\"_ _2c\"> </span>(9) <span class=\"_ _106\"> </span> <span class=\"_ _74\"> </span>(211) <span class=\"_ _106\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _86\"> </span>\u2014 <span class=\"_ _8e\"> </span> <span class=\"_ _17a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1e3\"> </span>(220)<span class=\"_ _2b7\"> </span> Impairments<span class=\"_ _f8\"> </span> <span class=\"_ _50\"> </span>5 <span class=\"_ _141\"> </span> <span class=\"_ _47\"> </span>15 <span class=\"_ _9e\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _e5\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>20 <span class=\"_ _11c\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _14d\"> </span>17 <span class=\"_ _8a\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _107\"> </span>301 <span class=\"_ _8a\"> </span> <span class=\"_ _107\"> </span>318<span class=\"_ _2b7\"> </span> Transfers to disposal<span class=\"_ _2b7\"> </span> groups held for sale <span class=\"_ _78\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1c\"> </span>\u2014 <span class=\"_ _11c\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8e\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _75\"> </span>(124) <span class=\"_ _106\"> </span> <span class=\"_ _1e3\"> </span>(758) <span class=\"_ _106\"> </span> <span class=\"_ _1e3\"> </span>(882)<span class=\"_ _2b7\"> </span> Exchange adjustments<span class=\"_ _1eb\"> </span> <span class=\"_ _140\"> </span>3 <span class=\"_ _141\"> </span> <span class=\"_ _10c\"> </span>9 <span class=\"_ _141\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13\"> </span>7 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>19 <span class=\"_ _11c\"> </span> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _17b\"> </span>(4) <span class=\"_ _106\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>(2) <span class=\"_ _106\"> </span> <span class=\"_ _e2\"> </span>(1) <span class=\"_ _106\"> </span> <span class=\"_ _e2\"> </span>(7<span class=\"_ _2b7\"> </span>) 31 December <span class=\"_ _72\"> </span><span class=\"ff6b fcf\"> <span class=\"_ _17b\"> </span>111 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>1,180 <span class=\"_ _141\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>121 <span class=\"_ _141\"> </span> <span class=\"_ _ed\"> </span>271 <span class=\"_ _141\"> </span> <span class=\"_ _106\"> </span>1,683 <span class=\"_ _11c\"> </span> <span class=\"_ _86\"> </span>95 <span class=\"_ _141\"> </span> <span class=\"_ _113\"> </span>1,143 <span class=\"_ _8a\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>121 <span class=\"_ _8a\"> </span> <span class=\"_ _12\"> </span>264 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>1,623<span class=\"_ _2b7\"> </span></span><span class=\"ff6b fcf\"> </span>NBV at 31 December  <span class=\"_ _146\"> </span>97 <span class=\"_ _141\"> </span> <span class=\"_ _61\"> </span>330 <span class=\"_ _141\"> </span> <span class=\"_ _113\"> </span>280 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _ed\"> </span>409 <span class=\"_ _141\"> </span> <span class=\"_ _106\"> </span>1,116 <span class=\"_ _11c\"> </span> <span class=\"_ _4e\"> </span>106 <span class=\"_ _8a\"> </span> <span class=\"_ _10f\"> </span>441 <span class=\"_ _8a\"> </span> <span class=\"_ _1df\"> </span>213 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _107\"> </span>401 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>1,161<span class=\"_ _2b7\"> </span> (i)<span class=\"_ _1b7\"> </span>Application software includes assets under construction with a cost of \u00a383 million (2021:<span class=\"_ _b\"></span> \u00a371 million).<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>The remaining amortisation period of individually material application software assets, which had a carrying value of \u00a3100 million (<span class=\"_ _1\"></span>2021: \u00a3171 million), is between 0 and<span class=\"_ _2b7\"> </span> 4 years. Additionally, there is \u00a361 million (2021: \u00a343 million) of individually material software assets under construction.<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _141\"> </span>Amortisation of \u00a3159 million (2021: \u00a3188 million) has been recognised in operating costs from continuing operations before exceptional items.<span class=\"_ _2b7\"> </span>15.<span class=\"_ _13e\"> </span>Other intangible assets and goodwill<span class=\"_ _2b7\"> </span>(b)<span class=\"_ _12\"> </span>Carrying amount of goodwill and intangible assets with indefinite useful lives allocated to CGUs<span class=\"_ _2b7\"> </span>Goodwill acquired through business combinations, and indefinite-lived intangible assets, have been allocated for impairment testing<span class=\"_ _2b7\"> </span> purposes to individual CGUs or groups of CGUs, each representing the lowest level within the Group at which the goodwill or indefinite-<span class=\"_ _2b7\"> </span>lived intangible asset is monitored for internal management purposes.<span class=\"_ _2b7\"> </span> 2022<span class=\"_ _1a5\"> </span><span class=\"ff6b fcf\">2<span class=\"_ _1\"></span>021<span class=\"_ _2b7\"> </span></span>31 December<span class=\"_ _2b7\"> </span> Principal acquisitions to which<span class=\"_ _2b7\"> </span> goodwill and intangibles with<span class=\"_ _2b7\"> </span> indefinite useful lives relate<span class=\"_ _2b7\"> </span>Carrying<span class=\"_ _2b7\"> </span> amount of<span class=\"_ _2b7\"> </span> goodwill<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Carrying amount of<span class=\"_ _2b7\"> </span> indefinite-lived intangible assets<span class=\"_ _2b7\"> </span> (i)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Carrying<span class=\"_ _2b7\"> </span> amount of<span class=\"_ _2b7\"> </span> goodwill<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Carrying amount of<span class=\"_ _2b7\"> </span> indefinite-lived<span class=\"_ _2b7\"> </span> intangible assets<span class=\"_ _2b7\"> </span> (i)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>CGUs<span class=\"_ _2b7\"> </span>British Gas Services &amp; Solutions<span class=\"_ _bb\"> </span>AlertMe/Dyno-Rod<span class=\"_ _57\"> </span><span class=\"ff66\"> <span class=\"_ _68\"> </span>63 <span class=\"_ _141\"> </span> <span class=\"_ _e9\"> </span>57 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>120 <span class=\"_ _141\"> </span></span> <span class=\"_ _4c\"> </span>63 <span class=\"_ _8a\"> </span> <span class=\"_ _4b\"> </span>57 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>120<span class=\"_ _2b7\"> </span> British Gas Energy<span class=\"_ _88\"> </span>Enron Direct/Electricity Direct<span class=\"_ _11c\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>121 <span class=\"_ _141\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>121 <span class=\"_ _141\"> </span></span> <span class=\"_ _e4\"> </span>121 <span class=\"_ _8a\"> </span> <span class=\"_ _f0\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>121<span class=\"_ _2b7\"> </span> Centrica Business Solutions   \u2013 Energy solutions<span class=\"_ _2b7\"> </span>ENER-G/Panoramic Power/<span class=\"_ _2b7\"> </span>REstore/SmartWatt <span class=\"_ _7c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span><span class=\"ff6b\"> <span class=\"_ _26\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _f0\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _30\"> </span>\u2014</span><span class=\"ff6b\"> </span>   \u2013 Energy supply<span class=\"_ _88\"> </span>Enron Direct/Electr<span class=\"_ _1\"></span>icity Direct<span class=\"_ _a9\"> </span><span class=\"ff66\"> <span class=\"_ _68\"> </span>60 <span class=\"_ _141\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>60 <span class=\"_ _141\"> </span></span> <span class=\"_ _13f\"> </span>60 <span class=\"_ _141\"> </span> <span class=\"_ _f0\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>60<span class=\"_ _2b7\"> </span> Bord G\u00e1is Energy<span class=\"_ _d2\"> </span>Bord G\u00e1is Energy<span class=\"_ _130\"> </span><span class=\"ff66\"> <span class=\"_ _13f\"> </span>16 <span class=\"_ _8a\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>16 <span class=\"_ _141\"> </span></span> <span class=\"_ _4c\"> </span>15 <span class=\"_ _8a\"> </span> <span class=\"_ _f0\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>15<span class=\"_ _2b7\"> </span> Energy Marketing &amp; Trading<span class=\"_ _81\"> </span>Neas Energy<span class=\"_ _169\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>149 <span class=\"_ _9e\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _14d\"> </span>149 <span class=\"_ _9e\"> </span></span> <span class=\"_ _b9\"> </span>142 <span class=\"_ _8a\"> </span> <span class=\"_ _1ec\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>142<span class=\"_ _2b7\"> </span> Upstream<span class=\"_ _2b7\"> </span>Newfield/Heimdal/Venture/<span class=\"_ _2b7\"> </span>Bayerngas <span class=\"_ _7c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span><span class=\"ff6b\"> <span class=\"_ _26\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _f0\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _30\"> </span>\u2014</span><span class=\"ff6b\"> </span> <span class=\"_ _14d\"> </span>409 <span class=\"_ _9e\"> </span> <span class=\"_ _e9\"> </span>57 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>466 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _b9\"> </span>401 <span class=\"_ _141\"> </span> <span class=\"_ _4b\"> </span>57 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>458<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span>(i)<span class=\"_ _1b7\"> </span>The indefinite-lived intangible assets relate mainly to the Dyno-Rod brand.<span class=\"_ _2b7\"> </span>The Group has considered the impact of climate change on the carrying value of goodwill, including the impact of the risks and<span class=\"_ _2b7\"> </span> opportunities. See note 3(c).<span class=\"_ _2b7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-527": {
   "value": "15.<span class=\"_ _13e\"> </span>Other intangible assets and goodwill<span class=\"_ _2b7\"> </span>The Group Balance Sheet contains significant intangible assets. Goodwill, customer relationships and brands usually<span class=\"_ _2b7\"> </span> arise when we acquire a business. Goodwill is attributable to enhanced geographical presence, cost savings, syne<span class=\"_ _1\"></span>rgies,<span class=\"_ _2b7\"> </span> growth opportunities, the assembled workforce and also arises from items such as deferred tax. Goodwill is not<span class=\"_ _2b7\"> </span> amortised but is assessed for recoverability each year.<span class=\"_ _2b7\"> </span>The Group uses European Union Allowances (EUAs) and Renewable Obligation Certificates/Renewable Energy<span class=\"_ _2b7\"> </span> Certificates (ROCs/RECs) to satisfy its related obligations.<span class=\"_ _2b7\"> </span>Upstream exploration and evaluation expenditure is capitalised as an intangible asset until development of the asset<span class=\"_ _2b7\"> </span> commences, at which point it is transferred to PP&amp;E or is deemed not commercially viable and is written down.<span class=\"_ _2b7\"> </span>(a)<span class=\"_ _107\"> </span>Carrying amounts<span class=\"_ _2b7\"> </span>2022<span class=\"_ _1e9\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span>Customer<span class=\"_ _2b7\"> </span> relationships<span class=\"_ _2b7\"> </span> and brands<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Application<span class=\"_ _2b7\"> </span> software<span class=\"_ _2b7\"> </span>(i)(ii)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>EUA/<span class=\"_ _2b7\"> </span>ROC/<span class=\"_ _2b7\"> </span>REC<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Exploration<span class=\"_ _2b7\"> </span> and<span class=\"_ _2b7\"> </span> evaluation<span class=\"_ _2b7\"> </span> expenditure<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Goodwill<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Customer<span class=\"_ _2b7\"> </span> relationships<span class=\"_ _2b7\"> </span> and brands<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Application<span class=\"_ _2b7\"> </span> software<span class=\"_ _2b7\"> </span>(i)(ii)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>EUA/<span class=\"_ _2b7\"> </span>ROC/<span class=\"_ _2b7\"> </span>REC<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Exploration<span class=\"_ _2b7\"> </span> and<span class=\"_ _2b7\"> </span> evaluation<span class=\"_ _2b7\"> </span> expenditure<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Goodwill<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Cost<span class=\"_ _2b7\"> </span>1 January <span class=\"_ _1ea\"> </span><span class=\"ff66\"> <span class=\"_ _17b\"> </span>201 <span class=\"_ _9e\"> </span> <span class=\"_ _1e0\"> </span>1,584 <span class=\"_ _9e\"> </span> <span class=\"_ _113\"> </span>213 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>121 <span class=\"_ _141\"> </span> <span class=\"_ _ed\"> </span>665 <span class=\"_ _141\"> </span> <span class=\"_ _106\"> </span>2,784 <span class=\"_ _11c\"> </span></span> <span class=\"_ _4e\"> </span>203 <span class=\"_ _141\"> </span> <span class=\"_ _113\"> </span>1,752 <span class=\"_ _8a\"> </span> <span class=\"_ _c7\"> </span>208 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>352 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>1,651 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>4,166<span class=\"_ _2b7\"> </span> Additions and capitalised<span class=\"_ _2b7\"> </span> borrowing costs <span class=\"_ _78\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _17b\"> </span>44 <span class=\"_ _141\"> </span> <span class=\"_ _113\"> </span>799 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _1e3\"> </span>843 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>46 <span class=\"_ _8a\"> </span> <span class=\"_ _c7\"> </span>654 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>51 <span class=\"_ _8a\"> </span> <span class=\"_ _17a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _12\"> </span>751<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span>Acquisitions<span class=\"_ _b1\"> </span><span class=\"ff66\"> <span class=\"_ _10c\"> </span>11 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _e5\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>11 <span class=\"_ _11c\"> </span></span> <span class=\"_ _86\"> </span>13 <span class=\"_ _141\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8e\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _74\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1eb\"> </span>13<span class=\"_ _2b7\"> </span> Disposals/retirements<span class=\"_ _2b7\"> </span> and surrenders <span class=\"_ _109\"> </span>(9) <span class=\"_ _106\"> </span> <span class=\"_ _e2\"> </span>(129) <span class=\"_ _106\"> </span> <span class=\"_ _1db\"> </span>(732) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _147\"> </span>(870) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _10c\"> </span>(9) <span class=\"_ _106\"> </span> <span class=\"_ _11\"> </span>(215) <span class=\"_ _106\"> </span> <span class=\"_ _a9\"> </span>(648) <span class=\"_ _8f\"> </span> <span class=\"_ _b9\"> </span>(26) <span class=\"_ _106\"> </span> <span class=\"_ _74\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _1e3\"> </span>(898<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\">) </span>Write-downs<span class=\"_ _b0\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1c\"> </span>\u2014 <span class=\"_ _11c\"> </span></span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>(58) <span class=\"_ _106\"> </span> <span class=\"_ _17a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _83\"> </span>(58)<span class=\"_ _2b7\"> </span> Transfers<span class=\"_ _91\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1c\"> </span>\u2014 <span class=\"_ _11c\"> </span></span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>(10) <span class=\"_ _106\"> </span> <span class=\"_ _17a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1e0\"> </span>(10)<span class=\"_ _2b7\"> </span> Transfers to disposal<span class=\"_ _2b7\"> </span> groups held for sale <span class=\"_ _78\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1c\"> </span>\u2014 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8e\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _75\"> </span>(187) <span class=\"_ _106\"> </span> <span class=\"_ _1e3\"> </span>(968) <span class=\"_ _106\"> </span> <span class=\"_ _8f\"> </span>(1,155)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span>Exchange adjustments<span class=\"_ _1eb\"> </span><span class=\"ff66\"> <span class=\"_ _140\"> </span>5 <span class=\"_ _141\"> </span> <span class=\"_ _47\"> </span>11 <span class=\"_ _9e\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _17a\"> </span>15 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>31 <span class=\"_ _11c\"> </span></span> <span class=\"_ _2c\"> </span>(6) <span class=\"_ _106\"> </span> <span class=\"_ _13f\"> </span>1 <span class=\"_ _8a\"> </span> <span class=\"_ _75\"> </span>(1) <span class=\"_ _8f\"> </span> <span class=\"_ _4c\"> </span>(1) <span class=\"_ _106\"> </span> <span class=\"_ _83\"> </span>(18) <span class=\"_ _106\"> </span> <span class=\"_ _1e0\"> </span>(25)<span class=\"_ _2b7\"> </span> 31 December <span class=\"_ _72\"> </span><span class=\"fcf\"> <span class=\"_ _17b\"> </span>208 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>1,510 <span class=\"_ _141\"> </span> <span class=\"_ _113\"> </span>280 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>121 <span class=\"_ _141\"> </span> <span class=\"_ _ed\"> </span>680 <span class=\"_ _141\"> </span> <span class=\"_ _106\"> </span>2,799 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _14d\"> </span>201 <span class=\"_ _8a\"> </span> <span class=\"_ _113\"> </span>1,584 <span class=\"_ _8a\"> </span> <span class=\"_ _c7\"> </span>213 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>121 <span class=\"_ _8a\"> </span> <span class=\"_ _107\"> </span>665 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>2,784<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span>Accumulated<span class=\"_ _2b7\"> </span> amortisation<span class=\"_ _2b7\"> </span>1 January <span class=\"_ _1ea\"> </span> <span class=\"_ _146\"> </span>95 <span class=\"_ _141\"> </span> <span class=\"_ _1e0\"> </span>1,143 <span class=\"_ _9e\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4e\"> </span>121 <span class=\"_ _141\"> </span> <span class=\"_ _ed\"> </span>264 <span class=\"_ _141\"> </span> <span class=\"_ _106\"> </span>1,623 <span class=\"_ _11c\"> </span> <span class=\"_ _68\"> </span>91 <span class=\"_ _8a\"> </span> <span class=\"_ _113\"> </span>1,166 <span class=\"_ _8a\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _ee\"> </span>247 <span class=\"_ _8a\"> </span> <span class=\"_ _12\"> </span>722 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>2,226<span class=\"_ _2b7\"> </span> Amortisation<span class=\"_ _2b7\"> </span> (iii) <span class=\"_ _146\"> </span>17 <span class=\"_ _141\"> </span> <span class=\"_ _61\"> </span>142 <span class=\"_ _141\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1db\"> </span>159 <span class=\"_ _11c\"> </span> <span class=\"_ _68\"> </span>13 <span class=\"_ _8a\"> </span> <span class=\"_ _e2\"> </span>175 <span class=\"_ _8a\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _17a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _12\"> </span>188<span class=\"_ _2b7\"> </span> Disposals/retirements<span class=\"_ _2b7\"> </span> and surrenders <span class=\"_ _8\"> </span>(9) <span class=\"_ _6\"> </span> <span class=\"_ _10f\"> </span>(129) <span class=\"_ _6\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e5\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _8d\"> </span>(138) <span class=\"_ _c5\"> </span> <span class=\"_ _2c\"> </span>(9) <span class=\"_ _106\"> </span> <span class=\"_ _74\"> </span>(211) <span class=\"_ _106\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _86\"> </span>\u2014 <span class=\"_ _8e\"> </span> <span class=\"_ _17a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1e3\"> </span>(220)<span class=\"_ _2b7\"> </span> Impairments<span class=\"_ _f8\"> </span> <span class=\"_ _50\"> </span>5 <span class=\"_ _141\"> </span> <span class=\"_ _47\"> </span>15 <span class=\"_ _9e\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _e5\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>20 <span class=\"_ _11c\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _14d\"> </span>17 <span class=\"_ _8a\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _107\"> </span>301 <span class=\"_ _8a\"> </span> <span class=\"_ _107\"> </span>318<span class=\"_ _2b7\"> </span> Transfers to disposal<span class=\"_ _2b7\"> </span> groups held for sale <span class=\"_ _78\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e2\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _1c\"> </span>\u2014 <span class=\"_ _11c\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4a\"> </span>\u2014 <span class=\"_ _8e\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _75\"> </span>(124) <span class=\"_ _106\"> </span> <span class=\"_ _1e3\"> </span>(758) <span class=\"_ _106\"> </span> <span class=\"_ _1e3\"> </span>(882)<span class=\"_ _2b7\"> </span> Exchange adjustments<span class=\"_ _1eb\"> </span> <span class=\"_ _140\"> </span>3 <span class=\"_ _141\"> </span> <span class=\"_ _10c\"> </span>9 <span class=\"_ _141\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13\"> </span>7 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>19 <span class=\"_ _11c\"> </span> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _17b\"> </span>(4) <span class=\"_ _106\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>(2) <span class=\"_ _106\"> </span> <span class=\"_ _e2\"> </span>(1) <span class=\"_ _106\"> </span> <span class=\"_ _e2\"> </span>(7<span class=\"_ _2b7\"> </span>) 31 December <span class=\"_ _72\"> </span><span class=\"ff6b fcf\"> <span class=\"_ _17b\"> </span>111 <span class=\"_ _141\"> </span> <span class=\"_ _15\"> </span>1,180 <span class=\"_ _141\"> </span> <span class=\"_ _18\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _4e\"> </span>121 <span class=\"_ _141\"> </span> <span class=\"_ _ed\"> </span>271 <span class=\"_ _141\"> </span> <span class=\"_ _106\"> </span>1,683 <span class=\"_ _11c\"> </span> <span class=\"_ _86\"> </span>95 <span class=\"_ _141\"> </span> <span class=\"_ _113\"> </span>1,143 <span class=\"_ _8a\"> </span> <span class=\"_ _7a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _ee\"> </span>121 <span class=\"_ _8a\"> </span> <span class=\"_ _12\"> </span>264 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>1,623<span class=\"_ _2b7\"> </span></span><span class=\"ff6b fcf\"> </span>NBV at 31 December  <span class=\"_ _146\"> </span>97 <span class=\"_ _141\"> </span> <span class=\"_ _61\"> </span>330 <span class=\"_ _141\"> </span> <span class=\"_ _113\"> </span>280 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _ed\"> </span>409 <span class=\"_ _141\"> </span> <span class=\"_ _106\"> </span>1,116 <span class=\"_ _11c\"> </span> <span class=\"_ _4e\"> </span>106 <span class=\"_ _8a\"> </span> <span class=\"_ _10f\"> </span>441 <span class=\"_ _8a\"> </span> <span class=\"_ _1df\"> </span>213 <span class=\"_ _8a\"> </span> <span class=\"_ _77\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _107\"> </span>401 <span class=\"_ _8a\"> </span> <span class=\"_ _8a\"> </span>1,161<span class=\"_ _2b7\"> </span> (i)<span class=\"_ _1b7\"> </span>Application software includes assets under construction with a cost of \u00a383 million (2021:<span class=\"_ _b\"></span> \u00a371 million).<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>The remaining amortisation period of individually material application software assets, which had a carrying value of \u00a3100 million (<span class=\"_ _1\"></span>2021: \u00a3171 million), is between 0 and<span class=\"_ _2b7\"> </span> 4 years. Additionally, there is \u00a361 million (2021: \u00a343 million) of individually material software assets under construction.<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _141\"> </span>Amortisation of \u00a3159 million (2021: \u00a3188 million) has been recognised in operating costs from continuing operations before exceptional items.<span class=\"_ _2b7\"> </span>15.<span class=\"_ _13e\"> </span>Other intangible assets and goodwill<span class=\"_ _2b7\"> </span>(b)<span class=\"_ _12\"> </span>Carrying amount of goodwill and intangible assets with indefinite useful lives allocated to CGUs<span class=\"_ _2b7\"> </span>Goodwill acquired through business combinations, and indefinite-lived intangible assets, have been allocated for impairment testing<span class=\"_ _2b7\"> </span> purposes to individual CGUs or groups of CGUs, each representing the lowest level within the Group at which the goodwill or indefinite-<span class=\"_ _2b7\"> </span>lived intangible asset is monitored for internal management purposes.<span class=\"_ _2b7\"> </span> 2022<span class=\"_ _1a5\"> </span><span class=\"ff6b fcf\">2<span class=\"_ _1\"></span>021<span class=\"_ _2b7\"> </span></span>31 December<span class=\"_ _2b7\"> </span> Principal acquisitions to which<span class=\"_ _2b7\"> </span> goodwill and intangibles with<span class=\"_ _2b7\"> </span> indefinite useful lives relate<span class=\"_ _2b7\"> </span>Carrying<span class=\"_ _2b7\"> </span> amount of<span class=\"_ _2b7\"> </span> goodwill<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Carrying amount of<span class=\"_ _2b7\"> </span> indefinite-lived intangible assets<span class=\"_ _2b7\"> </span> (i)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Carrying<span class=\"_ _2b7\"> </span> amount of<span class=\"_ _2b7\"> </span> goodwill<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Carrying amount of<span class=\"_ _2b7\"> </span> indefinite-lived<span class=\"_ _2b7\"> </span> intangible assets<span class=\"_ _2b7\"> </span> (i)<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Total<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>CGUs<span class=\"_ _2b7\"> </span>British Gas Services &amp; Solutions<span class=\"_ _bb\"> </span>AlertMe/Dyno-Rod<span class=\"_ _57\"> </span><span class=\"ff66\"> <span class=\"_ _68\"> </span>63 <span class=\"_ _141\"> </span> <span class=\"_ _e9\"> </span>57 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>120 <span class=\"_ _141\"> </span></span> <span class=\"_ _4c\"> </span>63 <span class=\"_ _8a\"> </span> <span class=\"_ _4b\"> </span>57 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>120<span class=\"_ _2b7\"> </span> British Gas Energy<span class=\"_ _88\"> </span>Enron Direct/Electricity Direct<span class=\"_ _11c\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>121 <span class=\"_ _141\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>121 <span class=\"_ _141\"> </span></span> <span class=\"_ _e4\"> </span>121 <span class=\"_ _8a\"> </span> <span class=\"_ _f0\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>121<span class=\"_ _2b7\"> </span> Centrica Business Solutions   \u2013 Energy solutions<span class=\"_ _2b7\"> </span>ENER-G/Panoramic Power/<span class=\"_ _2b7\"> </span>REstore/SmartWatt <span class=\"_ _7c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span><span class=\"ff6b\"> <span class=\"_ _26\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _f0\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _30\"> </span>\u2014</span><span class=\"ff6b\"> </span>   \u2013 Energy supply<span class=\"_ _88\"> </span>Enron Direct/Electr<span class=\"_ _1\"></span>icity Direct<span class=\"_ _a9\"> </span><span class=\"ff66\"> <span class=\"_ _68\"> </span>60 <span class=\"_ _141\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>60 <span class=\"_ _141\"> </span></span> <span class=\"_ _13f\"> </span>60 <span class=\"_ _141\"> </span> <span class=\"_ _f0\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>60<span class=\"_ _2b7\"> </span> Bord G\u00e1is Energy<span class=\"_ _d2\"> </span>Bord G\u00e1is Energy<span class=\"_ _130\"> </span><span class=\"ff66\"> <span class=\"_ _13f\"> </span>16 <span class=\"_ _8a\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>16 <span class=\"_ _141\"> </span></span> <span class=\"_ _4c\"> </span>15 <span class=\"_ _8a\"> </span> <span class=\"_ _f0\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>15<span class=\"_ _2b7\"> </span> Energy Marketing &amp; Trading<span class=\"_ _81\"> </span>Neas Energy<span class=\"_ _169\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>149 <span class=\"_ _9e\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _14d\"> </span>149 <span class=\"_ _9e\"> </span></span> <span class=\"_ _b9\"> </span>142 <span class=\"_ _8a\"> </span> <span class=\"_ _1ec\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>142<span class=\"_ _2b7\"> </span> Upstream<span class=\"_ _2b7\"> </span>Newfield/Heimdal/Venture/<span class=\"_ _2b7\"> </span>Bayerngas <span class=\"_ _7c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _66\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span><span class=\"ff6b\"> <span class=\"_ _26\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _f0\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _30\"> </span>\u2014</span><span class=\"ff6b\"> </span> <span class=\"_ _14d\"> </span>409 <span class=\"_ _9e\"> </span> <span class=\"_ _e9\"> </span>57 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>466 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _b9\"> </span>401 <span class=\"_ _141\"> </span> <span class=\"_ _4b\"> </span>57 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>458<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span>(i)<span class=\"_ _1b7\"> </span>The indefinite-lived intangible assets relate mainly to the Dyno-Rod brand.<span class=\"_ _2b7\"> </span>The Group has considered the impact of climate change on the carrying value of goodwill, including the impact of the risks and<span class=\"_ _2b7\"> </span> opportunities. See note 3(c).<span class=\"_ _2b7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-470": {
   "value": "16.Deferred tax liabilities and assets Deferred tax is an accounting adjustment to provide for tax that is expected to arise in the future as a result of  differences in the accounting and tax bases of assets and liabilities. The principal deferred tax assets and liabilities  recognised by the Group relate to capital investments, decommissioning assets and provisions, tax losses, fair value  movements on derivative financial instruments, PRT and pensions. Accelerated tax  depreciation  (corporation tax) \u00a3m Net  decommissioning  (i) \u00a3m Losses  carried  forward  (ii) \u00a3m Other timing  differences \u00a3m Marked to market  positions \u00a3m Net deferred  PRT  (iii)  \u00a3m Retirement  benefit obligation and  other  provisions \u00a3m Total  \u00a3m 1 January 2021  (662)    876    136    72    (64)    125    4    487  (Charge)/credit to income  (383)    109    51    (36)    601    (83)    (30)    229  Credit/(charge) to equity  \u2014    \u2014    \u2014    \u2014    8    \u2014    (90)    (82)  Transferred to held for sale  582    (428)    \u2014    (6)    \u2014    \u2014    \u2014    148  Exchange and other adjustments  5    (1)    \u2014    1    \u2014    \u2014    \u2014    5  31 December 2021  (458)    556    187    31    545    42    (116)    787  (Charge)/credit to income (iv)  (136)    (101)    29    (93)    1,160    (13)    1    847  Credit/(charge) to equity  \u2014    \u2014    \u2014    \u2014    8    \u2014    (6)    2  Transferred within held for sale  \u2014    \u2014    \u2014    70    \u2014    \u2014    \u2014    70  Exchange and other adjustments  (1)    \u2014    \u2014    (4)    \u2014    \u2014    \u2014    (5 ) 31 December 2022  (595)    455    216    4    1,713    29    (121)    1,701  (i) Net decommissioning includes deferred tax assets of \u00a3596 million (2021: \u00a3638 million) in respect of decommissioning provisions. (ii) The losses arise principally from accelerated allowances for upstream investment expenditure, for which equivalent deferred tax liabilities are included under accelerated  tax depreciation. (iii) The deferred PRT amounts include the effect of deferred corporation tax as PRT is chargeable to corporation tax. (iv) The increase in forecast commodity prices has enabled previously unrecognised exploration and production deferred assets to be recognised, and reduced recognised  deferred tax assets. As a result a net credit of \u00a3121 million has been made to exceptional items and certain re-measurements (see note 7). Certain deferred tax assets and liabilities have been offset where there is a legally enforceable right to offset current tax assets against  current tax liabilities and when the deferred income taxes relate to the same fiscal authority.  2022 2021 31 December  Assets  \u00a3m Liabilities  \u00a3m Assets  \u00a3m Liabilities  \u00a3m Gross deferred tax balances  2,481    (780)    1,404    (617 ) Offsetting deferred tax balances  (772)    772    (581)    581  Net deferred tax balances (after offsetting for financial reporting purposes)  1,709    (8)    823    (36)  Deferred tax assets arise typically on decommissioning provisions, trading losses carried forward, retirement benefit obligations and  marked to market positions. Forecasts indicate that there will be suitable taxable profits to utilise those deferred tax assets not offset  against deferred tax liabilities. Specific legislative provisions applicable to gas production provide assurance that deferred tax assets  relating to decommissioning costs and certain trading losses will be utilised. The UK upstream deferred tax assets and liabilities were measured at the headline rate of tax of 40% applicable to the UK gas profits,  consisting of 30% ring fence corporation tax and 10% supplementary charge. Following the introduction of the additional 25% Energy  Profits Levy on top of the existing 40% headline rate of tax on 26 May 2022, the UK upstream deferred tax assets and liabilities were  re-measured at the rate of 65%. In the Autumn Statement published on 22 November 2022, the UK Government increased the Energy Profits Levy from 25% to 35%  with effect from 1 January 2023. Following substantive enactment on 30 November 2022, the UK upstream deferred tax balances at  31 December 2022 were re-measured at the rate of 75%. A net credit of \u00a3148 million has been recognised in exceptional items and  certain re-measurements (see note 7) on the re-measurement of deferred tax balances as at 26 May 2022 and 31 December 2022.  The net credit comprises a \u00a3325 million tax charge in respect of accelerated capital allowances and other timing differences offset  by a tax credit of \u00a3473 million in respect of derivatives. At the balance sheet date, the Group had certain \u00a3802 million (2021: \u00a31,762 million) unrecognised deductible temporary differences  related to carried forward tax losses available for utilisation against future taxable profits. At the balance sheet date, no taxable temporary differences existed in respect of the Group\u2019s overseas investments (2021: \u00a3nil). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-471": {
   "value": "<div class=\"t m0 h10f ff66 fs11 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:651.6744px;\">17.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:26.231613px; bottom:651.8563px;\">Trade and other receivables and contract-related assets<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:622.6713px;\">Trade and other receivables include accrued income, and are amounts owed by our customers for goods we have<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:609.4114px;\">delivered or services we have provided. These balances are valued net of expected credit losses. Othe<span class=\"_ _1\"></span>r receivables<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:596.15137px;\">include payments made in advance to our suppliers. Contract-related assets are balances arising as a re<span class=\"_ _1\"></span>sult of the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:582.89136px;\">Group\u2019s contracts with customers in the scope of IFRS 15.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:453.15942px; bottom:546.89435px;\">2022<span class=\"_ _cf\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:522.7533px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:430.46063px; bottom:532.55536px;\">Current<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:446.72247px; bottom:523.1954px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:475.7846px; bottom:532.55536px;\">Non-current<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:509.61737px; bottom:523.1954px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:562.8763px; bottom:532.55536px;\">Current<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:578.11505px; bottom:523.1954px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:609.3005px; bottom:532.55536px;\">Non-current<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:523.1954px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:507.9593px;\">Financial assets:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:492.3593px;\">Trade receivables <span class=\"_ _1ed\"> </span><span class=\"ff66\"> <span class=\"_ _81\"> </span>2,207 <span class=\"_ _8a\"> </span> <span class=\"_ _f5\"> </span>\u2014 <span class=\"_ _48\"> </span></span>1,546<span class=\"_ _8d\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:476.75934px;\">Unbilled downstream energy income<span class=\"_ _1ee\"> </span><span class=\"ff66\"> <span class=\"_ _81\"> </span>1,281 <span class=\"_ _8a\"> </span> <span class=\"_ _f5\"> </span>\u2014 <span class=\"_ _4d\"> </span></span>726<span class=\"_ _147\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:461.1593px;\">Trading and energy procurement accrued income<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:229.95291px; bottom:464.64008px;\">(i)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:402.38077px; bottom:461.1593px;\"> <span class=\"_ _81\"> </span>3,179 <span class=\"_ _8a\"> </span> <span class=\"_ _f5\"> </span>\u2014 <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>2,546 <span class=\"_ _8a\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:445.55933px;\">Other accrued energy income<span class=\"_ _1ef\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>234 <span class=\"_ _141\"> </span> <span class=\"_ _f5\"> </span>\u2014 <span class=\"_ _13e\"> </span></span> <span class=\"_ _104\"> </span>175 <span class=\"_ _8a\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:429.9593px;\">Other accrued income<span class=\"_ _1f0\"> </span><span class=\"ff66\"> <span class=\"_ _9a\"> </span>90 <span class=\"_ _141\"> </span> <span class=\"_ _f5\"> </span>\u2014 <span class=\"_ _4d\"> </span></span>108<span class=\"_ _147\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:414.3593px;\">Cash collateral posted<span class=\"_ _44\"> </span><span class=\"ff66\"> <span class=\"_ _1f1\"> </span>1,154 <span class=\"_ _141\"> </span> <span class=\"_ _b3\"> </span>\u2014 <span class=\"_ _2e\"> </span></span>888<span class=\"_ _147\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:398.75934px;\">Supplier of Last Resort receivables<span class=\"_ _1f2\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>253 <span class=\"_ _141\"> </span> <span class=\"_ _1b9\"> </span>22 <span class=\"_ _4d\"> </span></span>124<span class=\"_ _8d\"> </span> <span class=\"_ _104\"> </span>110<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:383.15936px;\">Government scheme receivables<span class=\"_ _1f3\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>284 <span class=\"_ _141\"> </span> <span class=\"_ _f5\"> </span>\u2014 <span class=\"_ _13e\"> </span></span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _8e\"> </span> <span class=\"_ _51\"> </span>\u2014<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:367.5594px;\">Other receivables (including contract assets)<span class=\"_ _1f4\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>346 <span class=\"_ _141\"> </span> <span class=\"_ _1b9\"> </span>24 <span class=\"_ _4d\"> </span></span>209<span class=\"_ _117\"> </span>25</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:402.38077px; bottom:351.95935px;\"> <span class=\"_ _1f1\"> </span>9,028 <span class=\"_ _141\"> </span> <span class=\"_ _1b9\"> </span>46 <span class=\"_ _48\"> </span><span class=\"ff6b\">6,322<span class=\"_ _5b\"> </span>135<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:336.35938px;\">Less: provision for credit losses<span class=\"_ _1f5\"> </span><span class=\"ff66\"> <span class=\"_ _30\"> </span>(872) <span class=\"_ _106\"> </span> <span class=\"_ _b3\"> </span>\u2014 <span class=\"_ _13e\"> </span></span> <span class=\"_ _2c\"> </span>(633) <span class=\"_ _106\"> </span> <span class=\"_ _51\"> </span>\u2014 </div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:402.38077px; bottom:320.75934px;\"> <span class=\"_ _1f1\"> </span>8,156 <span class=\"_ _141\"> </span> <span class=\"_ _1b9\"> </span>46 <span class=\"_ _48\"> </span><span class=\"ff6b\">5,689<span class=\"_ _5b\"> </span>135<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:305.15936px;\">Non-financial assets: prepayments, other receivables and costs to obtain or fulfil a contract<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:293.45935px;\">with a customer</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:402.38077px; bottom:293.21234px;\"> <span class=\"_ _b4\"> </span>294 <span class=\"_ _141\"> </span> <span class=\"_ _1b9\"> </span>83 <span class=\"_ _4d\"> </span><span class=\"ff6b\">192<span class=\"_ _117\"> </span>98</span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:402.38077px; bottom:277.85938px;\"> <span class=\"_ _1f1\"> </span>8,450 <span class=\"_ _141\"> </span> <span class=\"_ _22\"> </span>129 <span class=\"_ _22\"> </span><span class=\"ff6b\">5,881<span class=\"_ _5b\"> </span>233<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:260.34833px;\">(i)<span class=\"_ _1b7\"> </span>Trading and energy procurement counterparty receivables are typically with customers with external, published credit ratings. Such receivables have typically much lower<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:250.20834px;\">credit risk than downstream counterparties, are settled in a short period of time and expected credit losses are not significant.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:226.52234px;\">The amounts above include gross amounts receivable arising from the Group\u2019s IFR<span class=\"_ _b\"></span>S 15 contracts with customers of \u00a3<span class=\"_ _1\"></span>2,325 million<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:213.26236px;\">(2021: \u00a31,419 million). Additionally, accrued income of \u00a31,371<span class=\"_ _1\"></span> million (2021: \u00a3797 million) arising under IFRS 15 contracts is included.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:196.10233px;\">Trade and other receivables include financial assets representing the contractual right to receive cash or other financial assets from<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:182.84232px;\">residential customers, business customers and treasury, trading and energy procurement counterparties as follows:<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:453.15942px; bottom:163.10837px;\">2022<span class=\"_ _cf\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:139.70837px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:430.46063px; bottom:149.0683px;\">Current<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:446.72247px; bottom:139.70837px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:475.7846px; bottom:149.0683px;\">Non-current<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:509.61737px; bottom:139.70837px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:562.8763px; bottom:149.95236px;\">Current<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:578.11505px; bottom:140.59235px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:609.3005px; bottom:149.95236px;\">Non-current<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:140.59235px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:124.66736px;\">Financial assets by business type:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:109.06735px;\">Residential customers<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:111.72676px; bottom:112.548096px;\">(i)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:402.38077px; bottom:109.56137px;\"> <span class=\"_ _1f1\"> </span>2,755 <span class=\"_ _141\"> </span> <span class=\"_ _9a\"> </span>22 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,664 <span class=\"_ _141\"> </span> <span class=\"_ _104\"> </span>110<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:93.46735px;\">Business customers</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:402.38077px; bottom:93.961365px;\"> <span class=\"_ _1f1\"> </span>1,750 <span class=\"_ _141\"> </span> <span class=\"_ _9a\"> </span>22 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,019 <span class=\"_ _141\"> </span> <span class=\"_ _2a\"> </span>21<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:77.86737px;\">Treasury, trading and energy procurement counterparties</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:402.38077px; bottom:78.36136px;\"> <span class=\"_ _1f1\"> </span>4,523 <span class=\"_ _141\"> </span> <span class=\"_ _2e\"> </span>2 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>3,639 <span class=\"_ _8a\"> </span> <span class=\"_ _21\"> </span>4</span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:402.38077px; bottom:62.761353px;\"> <span class=\"_ _1f1\"> </span>9,028 <span class=\"_ _141\"> </span> <span class=\"_ _9a\"> </span>46 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>6,322 <span class=\"_ _141\"> </span> <span class=\"_ _104\"> </span>135<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:46.66736px;\">Less: provision for credit losses</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:402.38077px; bottom:47.161346px;\"> <span class=\"_ _30\"> </span>(872) <span class=\"_ _106\"> </span> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(633) <span class=\"_ _106\"> </span> <span class=\"_ _51\"> </span>\u2014</span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:402.38077px; bottom:31.56137px;\"> <span class=\"_ _1f1\"> </span>8,156 <span class=\"_ _141\"> </span> <span class=\"_ _9a\"> </span>46 <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>5,689 <span class=\"_ _141\"> </span> <span class=\"_ _104\"> </span>135<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:11.8533325px;\">(i)<span class=\"_ _1b7\"> </span>Residential customers include current other receivables of \u00a3253 million (2021: \u00a3124 million) and non-current other receivables of \u00a322 million (2021: \u00a3110 million) in relation<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:1.7133179px;\">to SoLR claims, see note 3(a) for further details.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h10f ff66 fs11 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:427.122px;\">17.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fc15 sc0 ls0 ws0\" style=\"left:26.231613px; bottom:427.30396px;\">Trade and other receivables and contract-related assets<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:402.24px;\">Credit loss charge for trade and other receivables<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:388.3559px;\">The impairment charge in trade receivables is stated net of credits for the release of specific provisions made in previous years, which are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:375.09595px;\">no longer required. These relate primarily to residential and business customers in the UK. Movements in the provision for credit losses<span class=\"_ _1\"></span> by<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:361.83594px;\">business type are as follows:<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:321.0247px; bottom:342.102px;\">2022<span class=\"_ _36\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:235.30997px; bottom:299.39703px;\">Residential<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:236.31277px; bottom:290.037px;\">customers<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:262.51428px; bottom:280.677px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:293.70038px; bottom:299.39703px;\">Business<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:289.05417px; bottom:290.037px;\">customers<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:315.1114px; bottom:280.677px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:350.98007px; bottom:327.477px;\">Treasury,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:359.30734px; bottom:318.11694px;\">trading<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:344.41663px; bottom:308.75696px;\">and energy<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:339.9818px; bottom:299.39703px;\">procurement<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:332.74496px; bottom:290.037px;\">counterparties<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:372.74936px; bottom:280.677px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:413.85678px; bottom:290.037px;\">Total<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:421.7041px; bottom:280.677px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:453.15942px; bottom:299.39703px;\">Residential<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:454.59192px; bottom:290.037px;\">customers<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:480.04236px; bottom:280.677px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:512.88794px; bottom:299.39703px;\">Business<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:507.13647px; bottom:290.037px;\">customers<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:280.677px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:569.589px; bottom:327.477px;\">Treasury,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:577.09424px; bottom:318.11694px;\">trading<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:562.8763px; bottom:308.75696px;\">and energy<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:557.6321px; bottom:299.39703px;\">procurement<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:551.24677px; bottom:290.037px;\">counterparties<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:591.4702px; bottom:280.677px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:290.037px;\">Total<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:280.677px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:265.636px;\">1 January <span class=\"_ _d5\"> </span> <span class=\"_ _ee\"> </span>(426) <span class=\"_ _106\"> </span> <span class=\"_ _13\"> </span>(207) <span class=\"_ _8f\"> </span> <span class=\"_ _5d\"> </span>\u2014 <span class=\"_ _8a\"> </span><span class=\"ff66\"> <span class=\"_ _e2\"> </span>(633) <span class=\"_ _13e\"> </span></span> <span class=\"_ _13\"> </span>(400) <span class=\"_ _8f\"> </span> <span class=\"_ _13\"> </span>(187) <span class=\"_ _106\"> </span> <span class=\"_ _187\"> </span>(4) <span class=\"_ _106\"> </span> <span class=\"_ _75\"> </span>(591)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:250.03595px;\">Increase in impairment of trade receivables<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:238.33594px;\">(predominantly related to credit impaired trade<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:226.63599px;\">receivables)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:54.43524px; bottom:230.1167px;\">(i) (ii) (iii)</div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:226.86737px; bottom:226.63599px;\"> <span class=\"_ _13\"> </span>(234) <span class=\"_ _8f\"> </span> <span class=\"_ _13\"> </span>(124) <span class=\"_ _8f\"> </span> <span class=\"_ _5d\"> </span>\u2014 <span class=\"_ _8a\"> </span><span class=\"ff66\"> <span class=\"_ _e2\"> </span>(358) <span class=\"_ _13e\"> </span></span> <span class=\"_ _82\"> </span>(84) <span class=\"_ _106\"> </span> <span class=\"_ _82\"> </span>(39) <span class=\"_ _8f\"> </span> <span class=\"_ _5d\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _75\"> </span>(123)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:211.03595px;\">Receivables written off<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:101.88823px; bottom:214.51672px;\">(iv)</div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:226.86737px; bottom:211.03595px;\"> <span class=\"_ _13f\"> </span>93 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>26 <span class=\"_ _130\"> </span><span class=\"ff66\"> <span class=\"_ _61\"> </span>119 <span class=\"_ _11c\"> </span></span> <span class=\"_ _13f\"> </span>58 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>19 <span class=\"_ _8a\"> </span> <span class=\"_ _55\"> </span>4 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>81<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:195.43597px;\">31 December <span class=\"_ _138\"> </span><span class=\"ff6b fcf\"> <span class=\"_ _ee\"> </span>(567) <span class=\"_ _106\"> </span> <span class=\"_ _13\"> </span>(305) <span class=\"_ _106\"> </span> <span class=\"_ _5d\"> </span>\u2014 <span class=\"_ _8a\"> </span><span class=\"ff66\"> <span class=\"_ _e2\"> </span>(872) <span class=\"_ _13e\"> </span></span> <span class=\"_ _ee\"> </span>(426) <span class=\"_ _106\"> </span> <span class=\"_ _13\"> </span>(207) <span class=\"_ _8f\"> </span> <span class=\"_ _5d\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _75\"> </span>(633)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b fcf\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:176.22198px;\">(i)<span class=\"_ _1b7\"> </span>Includes \u00a3348 million (2021: \u00a3107 million) of credit losses related to trade receivables resulting from contracts in the scope of IFRS 15.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:164.13202px;\">(ii)<span class=\"_ _147\"> </span>All loss allowances reflect the lifetime expected credit losses on trade receivables and contract assets.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:152.04199px;\">(iii)<span class=\"_ _141\"> </span>Excludes recovery of previously written-off receivables of \u00a37 million (2021: \u00a37 million). Due to the large number of individual receivables and the matrix approach<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:141.90198px;\">employed, any reduction in provision is reflected in a reduced charge for the relevant period, rather than in separately identifiable reversals of previous provisions.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:129.81195px;\">(iv)<span class=\"_ _8a\"> </span>Materially all write-offs relate to trade receivables where enforcement activity is ongoing. The gross carrying value of write-offs related to trade receivables where<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:119.671936px;\">enforcement activity is ongoing was \u00a3105 million (2021: \u00a388 million).<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:84.63696px;\">Year ended 31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:572.51605px; bottom:93.99695px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:577.09424px; bottom:84.63696px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:93.99695px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:84.63696px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:70.089966px;\">Increase in impairment provision for trade receivables (per above)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:69.59595px;\"> <span class=\"_ _30\"> </span>(358) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(123)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:54.48993px;\">Less recovery of previously written-off receivables</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:53.99597px;\"> <span class=\"_ _4d\"> </span>7 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _21\"> </span>7<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:38.889954px;\">Credit losses on financial assets (per Group Income Statement)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:38.395996px;\"> <span class=\"_ _30\"> </span>(351) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(116)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.385956px;\">Enforcement activity continues in respect of balances that have been written off unless there are specific known circumstances (such as<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.125946px;\">bankruptcy) that render further action futile.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:716.0383px;\">17.<span class=\"_ _13e\"> </span><span class=\"fc15\">Trade and other receivables and contract-related assets<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:690.97437px;\">Credit loss charge for trade and other receivables<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:677.0903px;\">Receivables from residential and business customers are generally considered to be credit impaired when the payment is past the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:663.8303px;\">contractual due date. The Group applies different definitions of default for different groups of customers, ranging from sixty days past<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:650.5703px;\">the due date to six to twelve months from the issuance of a final bill. Receivables are generally written off only once a period of time has<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:637.3103px;\">elapsed since the final bill. Contractual due dates range from falling due upon receipt to falling due in thirty days from receipt.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:620.1504px;\">The table below shows credit impaired balances in gross receivables (those that are past due) and those that are not yet due and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:606.8903px;\">therefore not considered to be credit impaired.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:586.7403px;\">Gross trade and other receivables<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:562.7814px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:572.51605px; bottom:572.1413px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:577.09424px; bottom:562.7814px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:572.1413px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:562.7814px;\">\u00a3m<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hed ff6b fs64 fcf sc0 ls0 ws0\" style=\"left:646.87134px; bottom:565.56604px;\">(ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:548.2343px;\">Balances that are not past due</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:547.7403px;\"> <span class=\"_ _1f1\"> </span>7,414 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>5,155<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:532.6343px;\">Balances that are past due<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:119.09328px; bottom:536.11505px;\">(i)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:532.1403px;\"> <span class=\"_ _1f1\"> </span>1,614 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>1,167</span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:516.5403px;\"> <span class=\"_ _1f1\"> </span>9,028 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _81\"> </span>6,322<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:495.37634px;\">(i)<span class=\"_ _1b7\"> </span>The majority of balances that are past due relate to residential and business customers, ageing of these receivables is included in the credit risk tables in the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:485.23633px;\">sections below.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:475.0963px;\">(ii)<span class=\"_ _147\"> </span>The prior year has been re-presented to reclassify \u00a3123 million of balances that are past due to balances that are not past due.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:451.41034px;\">The IFRS 9 impairment model is applicable to the Group\u2019s financial assets including trade receivables, contract assets and other financial<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:438.15033px;\">assets using the simplified approach as described in note S3. <span class=\"_ _1\"></span>As the majority of the relevant balances are trade receivables and contract<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:424.89032px;\">assets to which the simplified model applies, this disclosure focuses on these balances.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:407.73035px;\">The provision for credit losses for trade receivables and contract assets is based on an expected credit loss model that calculates the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:394.47034px;\">expected loss applicable to the receivable balance over its lifetime. Expected credit losses on receivables due from treasury, trading and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:381.21033px;\">energy procurement counterparties are not significant (see note S3 for further analys<span class=\"_ _b\"></span>is of this determination). For residential and<span class=\"_ _1\"></span> business<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:367.95038px;\">customers default rates are calculated initially by considering historical loss experience and ap<span class=\"_ _1\"></span>plied to trade receivables within a provision<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:354.69037px;\">matrix. The matrix approach allows application of different default rates to different groups of customers with similar characteristics. These<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:341.43036px;\">groups are determined by a number of factors including; the nature of the customer, the payment method selected and, where relevant,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:328.17035px;\">the sector in which they operate. The characteristics used to determine the groupings of receivables are the factors that have the greatest<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:314.91034px;\">impact on the likelihood of default. The rate of default increases once the balance is thirty days past due.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:292.91437px;\">Concentration of credit risk in trade and other receivables<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:279.03036px;\">Treasury, trading and energy procurement counterparty receivables are typically with customers with external, published credit ratings.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:265.77032px;\">Such receivables have typically much lower credit risk than downstream counterparties, and that risk is assessed primarily by reference to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:252.51031px;\">the credit ratings rather than to the ageing of the relevant balance.<span class=\"_ _1\"></span> Counterparty credit rating information is given in note S3.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:235.35034px;\">In 2021, the Group was appointed as a Supplier of Last Resort to a number of energy suppliers who have ceased to trade and one further<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:222.0904px;\">appointment was made in January 2022. Under Ofgem licence conditions, the Group is entitled to make a Last Resort Supplier Payment<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:208.83035px;\">claim for incremental costs reasonably incurred to supply affected customers; a total of \u00a3275 million (2021: \u00a3234 million) has been<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:195.57034px;\">recognised in other receivables at 31 December 2022. This is b<span class=\"_ _1\"></span>eing recovered as part of a two-step claim process. An initial levy claim,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:182.31033px;\">based on expected commodity costs, was submitted and approved by Ofgem in 2021, and is being settled in twelve monthly instalments<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:169.05032px;\">ending in April 2023. A second claim, truing up the initial claim to reflect both actual costs incurred and customer credit balances was<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:155.79037px;\">submitted to Ofgem and approved in December 2022. The second claim will be recovered between April 2023 and April 2024. The claims<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:142.53036px;\">are settled by network operators, to whom the Group separately pays transmission and distribution charges. The risk of default is<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:129.27032px;\">considered low. In addition, Ofgem has the power under licensing conditions to take enforcement action against default in accordance<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:116.010315px;\">with its statutory duties and its enforcement guidelines.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:98.85031px;\">The Group\u2019s cash collateral balance has increased to \u00a31,154 million in <span class=\"_ _1\"></span>2022 (2021: \u00a3888 million) as a result of higher commodity prices.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:85.59039px;\">Collateral counterparties typically have strong credit ratings<span class=\"_ _1\"></span> and accordingly have low credit risk; the Group does not expect credit losses<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:72.33035px;\">to arise on these balances. See note S3.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:55.170334px;\">The majority of the Group\u2019s credit exposure arises in the British Gas Energy and Centrica Business Solutions segments and relates to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:41.910324px;\">residential and business energy customers. The credit risk associated with these customers is assessed as described ab<span class=\"_ _1\"></span>ove, using a<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:28.650314px;\">combination of the age of the receivable in question, internal ratings based on a customer\u2019s payment history, and external data from credit<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.390381px;\">rating agencies and wider macroeconomic information. The disclosures below reflect the information that is reported internally for credit<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1303558px;\">risk management purposes in these segments.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:553.87195px;\">17.<span class=\"_ _13e\"> </span>Trade and other receivables and contract-related assets<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:528.808px;\">British Gas Energy credit risk<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:514.9239px;\">Of the Group total of \u00a32,207 million (2021: \u00a31,546 million) billed trade receivables, the British Gas Energy reporting segment contributes<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:501.66394px;\">\u00a31,531 million (2021: \u00a31,033 million). British Gas Energy now includes small business customers on the basis that their profile closely<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:488.40393px;\">matches those of residential customers. As described above, credit risk is concentrated in receivables from energy customers who pay<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:475.14392px;\">in arrears. Gross receivables from British Gas Energy residential customers amount to \u00a3992 million (2021: \u00a3601 million) and are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:461.88403px;\">analysed below.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:441.734px;\">Trade receivables due<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:430.034px;\">from British Gas<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:418.33398px;\">residential energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:406.63403px;\">customers as at<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:394.93402px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hde ff66 fs63 fca sc0 ls0 ws0\" style=\"left:64.391975px; bottom:398.41473px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:514.8792px; bottom:394.37494px;\">2021<span class=\"_ _1f6\"></span><span class=\"ff66\">2022<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:370.9749px;\">Days beyond invoice date<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hed ff6b fs64 fcf sc0 ls0 ws0\" style=\"left:91.49083px; bottom:373.75958px;\">(ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:141.51198px; bottom:380.33496px;\">&lt;30 days<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:162.4057px; bottom:370.9749px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:187.29239px; bottom:380.33496px;\">30-90 days<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:215.66138px; bottom:370.9749px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:247.693px; bottom:380.33496px;\">&gt;90 days<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:267.4799px; bottom:370.9749px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:313.812px; bottom:380.33496px;\">Total<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:321.0247px; bottom:370.9749px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:343.14496px; bottom:380.33496px;\">Percentage<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:339.9818px; bottom:370.9749px;\">of credit risk<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:409.35883px; bottom:380.33496px;\">&lt;30 days<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:430.46063px; bottom:370.9749px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:455.7077px; bottom:380.33496px;\">30-90 days<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:483.75983px; bottom:370.9749px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:514.8792px; bottom:380.33496px;\">&gt;90 days<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:536.3386px; bottom:370.9749px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:581.7844px; bottom:380.33496px;\">Total<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:588.375px; bottom:370.9749px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:611.8901px; bottom:380.33496px;\">Percentage<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:608.1875px; bottom:370.9749px;\">of credit risk<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:355.93402px;\">Risk profile<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:340.33398px;\">Direct debits<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:57.84652px; bottom:343.81476px;\">(iii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:324.734px;\">Gross receivables<span class=\"_ _8\"> </span> <span class=\"_ _b9\"> </span>216 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>51 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>66 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>333 <span class=\"_ _6b\"> </span></span> <span class=\"_ _13f\"> </span>55 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>28 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>53 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>136<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:309.13403px;\">Provision<span class=\"_ _eb\"> </span> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _7c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _54\"> </span>(23) <span class=\"_ _6\"> </span><span class=\"ff66\"> <span class=\"_ _17b\"> </span>(23) <span class=\"_ _c4\"> </span></span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _a0\"> </span>(2) <span class=\"_ _8f\"> </span> <span class=\"_ _a0\"> </span>(2)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:293.534px;\">Net<span class=\"_ _d7\"> </span> <span class=\"_ _b9\"> </span>216 <span class=\"_ _141\"> </span> <span class=\"_ _68\"> </span>51 <span class=\"_ _9e\"> </span> <span class=\"_ _68\"> </span>43 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>310 <span class=\"_ _2c\"> </span> <span class=\"_ _90\"></span>7% <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _13f\"> </span>55 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>28 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>51 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>134 <span class=\"_ _26\"> </span> <span class=\"_ _90\"></span>1%<span class=\"_ _2b7\"> </span></span></span><span class=\"ff66\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:277.93396px;\">Payment on receipt of bill<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:113.99956px; bottom:281.41473px;\">(iii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:262.33398px;\">Gross receivables<span class=\"_ _8\"> </span> <span class=\"_ _b9\"> </span>118 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>54 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>286 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _b9\"> </span>458 <span class=\"_ _130\"> </span></span> <span class=\"_ _4c\"> </span>87 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>22 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>194 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>303<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:246.73395px;\">Provision<span class=\"_ _eb\"> </span> <span class=\"_ _10c\"> </span>(4) <span class=\"_ _6\"> </span> <span class=\"_ _146\"> </span>(7) <span class=\"_ _106\"> </span> <span class=\"_ _ee\"> </span>(180) <span class=\"_ _6\"> </span><span class=\"ff66\"> <span class=\"_ _61\"> </span>(191) <span class=\"_ _c4\"> </span></span> <span class=\"_ _a0\"> </span>(3) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(4) <span class=\"_ _106\"> </span> <span class=\"_ _13\"> </span>(102) <span class=\"_ _8f\"> </span> <span class=\"_ _13\"> </span>(109)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:231.13397px;\">Net<span class=\"_ _d7\"> </span> <span class=\"_ _b9\"> </span>114 <span class=\"_ _141\"> </span> <span class=\"_ _68\"> </span>47 <span class=\"_ _9e\"> </span> <span class=\"_ _14d\"> </span>106 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>267 <span class=\"_ _47\"> </span> <span class=\"_ _4\"></span>42% <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _4c\"> </span>84 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>18 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>92 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>194 <span class=\"_ _81\"> </span> <span class=\"_ _90\"></span>36%<span class=\"_ _2b7\"> </span></span></span><span class=\"ff66\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:215.534px;\">Final bills<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:42.671288px; bottom:219.01471px;\">(iv)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:199.93396px;\">Gross receivables<span class=\"_ _8\"> </span> <span class=\"_ _13f\"> </span>12 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>13 <span class=\"_ _141\"> </span> <span class=\"_ _14d\"> </span>176 <span class=\"_ _9e\"> </span><span class=\"ff66\"> <span class=\"_ _14d\"> </span>201 <span class=\"_ _6b\"> </span></span> <span class=\"_ _8\"> </span>7 <span class=\"_ _8a\"> </span> <span class=\"_ _f4\"> </span>8 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>147 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>162<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:184.33398px;\">Provision<span class=\"_ _eb\"> </span> <span class=\"_ _10c\"> </span>(3) <span class=\"_ _6\"> </span> <span class=\"_ _146\"> </span>(6) <span class=\"_ _106\"> </span> <span class=\"_ _ee\"> </span>(140) <span class=\"_ _6\"> </span><span class=\"ff66\"> <span class=\"_ _61\"> </span>(149) <span class=\"_ _c4\"> </span></span> <span class=\"_ _a0\"> </span>(2) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(4) <span class=\"_ _106\"> </span> <span class=\"_ _13\"> </span>(122) <span class=\"_ _8f\"> </span> <span class=\"_ _13\"> </span>(128)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:168.73395px;\">Net<span class=\"_ _d7\"> </span> <span class=\"_ _109\"> </span>9 <span class=\"_ _9e\"> </span> <span class=\"_ _109\"> </span>7 <span class=\"_ _141\"> </span> <span class=\"_ _13f\"> </span>36 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _13f\"> </span>52 <span class=\"_ _81\"> </span> <span class=\"_ _90\"></span>74% <span class=\"_ _11c\"> </span><span class=\"ff6b\"> <span class=\"_ _8\"> </span>5 <span class=\"_ _8a\"> </span> <span class=\"_ _f4\"> </span>4 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>25 <span class=\"_ _8a\"> </span> <span class=\"_ _4c\"> </span>34 <span class=\"_ _81\"> </span> <span class=\"_ _90\"></span>79%<span class=\"_ _2b7\"> </span></span></span><span class=\"ff66\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:153.13397px;\">Total net British Gas<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:141.43396px;\">residential energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:129.73398px;\">customers trade<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:118.033966px;\">receivables<span class=\"_ _fb\"> </span><span class=\"fcf\"> <span class=\"_ _b9\"> </span>339 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>105 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>185 <span class=\"_ _141\"> </span> <span class=\"_ _b9\"> </span>629 <span class=\"_ _81\"> </span> <span class=\"_ _4\"></span>37% <span class=\"_ _a9\"> </span><span class=\"ff6b\"> <span class=\"_ _b9\"> </span>144 <span class=\"_ _8a\"> </span> <span class=\"_ _13f\"> </span>50 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>168 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>362 <span class=\"_ _47\"> </span> <span class=\"_ _4\"></span>40%<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:98.81998px;\">(i)<span class=\"_ _1b7\"> </span>The receivables information presented in this table relates to downstream customers who pay energy bills using the methods presented. It excludes low residual credit<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:88.67993px;\">risk amounts, such as balances in the process of recovery through pay-as-you-go energy (PAYGE) arrangements and amounts receivable from PAYGE energy vendors.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:78.53995px;\">Gross amounts in the process of recovery through PAYGE arrangements at 31 December 2022<span class=\"_ _1\"></span> are \u00a3203 million (2021: \u00a3201 million), against which a provision of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:68.39993px;\">\u00a3138 million is held (2021: \u00a3136 million).<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:56.309967px;\">(ii)<span class=\"_ _147\"> </span>This ageing analysis is presented relative to invoicing date and presents receivables according to the oldest invoice outstanding with the customer. There are a <span class=\"_ _b\"></span>range of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:46.169983px;\">payment terms extended to residential energy customers. Amounts paid on receipt of a bill (PORB), which are settled using bank transfers, cash or <span class=\"_ _b\"></span>cheques are typically<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:36.03px;\">due within fourteen days of invoicing. Direct debit customers typically pay in equal instalments over a twelve-month period.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:23.93991px;\">(iii)<span class=\"_ _141\"> </span>Receivables settled by direct debit are deemed to present a lower credit risk than PORB amounts. This is reflected in the relative level of provision held for these types of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:13.799957px;\">receivables.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:1.7099609px;\">(iv)<span class=\"_ _8a\"> </span>Final bill customers are those who are no longer customers of the Group and have switched energy supplier. These balances are deemed to have the highest credit risk.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:766.6008px;\">17.<span class=\"_ _13e\"> </span>Trade and other receivables and contract-related assets<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:742.47284px;\">Gross receivables from British Gas Energy small business customers amount to \u00a3336 million (2021: \u00a3232 million) and are analysed below.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:722.3228px;\">Trade receivables due<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:710.6228px;\">from British Gas small<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:698.92285px;\">business energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:687.22284px;\">customers as at<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:675.5228px;\">31 December<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:247.693px; bottom:674.96387px;\">2022<span class=\"_ _1f7\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:651.56384px;\">Days beyond invoice date<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hed ff6b fs64 fcf sc0 ls0 ws0\" style=\"left:91.49083px; bottom:654.34845px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:141.51198px; bottom:660.9238px;\">&lt;30 days<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:162.4057px; bottom:651.56384px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:187.29239px; bottom:660.9238px;\">30-90 days<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:215.66138px; bottom:651.56384px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:247.693px; bottom:660.9238px;\">&gt;90 days<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:267.4799px; bottom:651.56384px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:313.812px; bottom:660.9238px;\">Total<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:321.0247px; bottom:651.56384px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:343.14496px; bottom:660.9238px;\">Percentage<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:339.9818px; bottom:651.56384px;\">of credit risk<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:409.35883px; bottom:660.9238px;\">&lt;30 days<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:430.46063px; bottom:651.56384px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:455.7077px; bottom:660.9238px;\">30-90 days<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:483.75983px; bottom:651.56384px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:514.8792px; bottom:660.9238px;\">&gt;90 days<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:536.3386px; bottom:651.56384px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:581.7844px; bottom:660.9238px;\">Total<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:588.375px; bottom:651.56384px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:611.8901px; bottom:660.9238px;\">Percentage<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:608.1875px; bottom:651.56384px;\">of credit risk<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:636.5228px;\">Risk profile<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:620.92285px;\">Small businesses<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:605.3228px;\">Gross receivables<span class=\"_ _d2\"> </span>64<span class=\"_ _9a\"> </span>21<span class=\"_ _104\"> </span>251<span class=\"_ _104\"> </span><span class=\"ff66\">336<span class=\"_ _1f8\"> </span></span>48<span class=\"_ _9a\"> </span>18<span class=\"_ _104\"> </span>166<span class=\"_ _104\"> </span>232<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:589.72284px;\">Provision<span class=\"_ _eb\"> </span> <span class=\"_ _146\"> </span>(1) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(2) <span class=\"_ _106\"> </span> <span class=\"_ _13\"> </span>(191) <span class=\"_ _8f\"> </span><span class=\"ff66\"> <span class=\"_ _ee\"> </span>(194) <span class=\"_ _c4\"> </span></span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _a0\"> </span>(1) <span class=\"_ _8f\"> </span> <span class=\"_ _13\"> </span>(128) <span class=\"_ _8f\"> </span> <span class=\"_ _13\"> </span>(129)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:574.1228px;\">Total net British Gas<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:562.42285px;\">small business energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:550.72284px;\">customers trade<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:539.0228px;\">receivables<span class=\"_ _1b4\"> </span><span class=\"fcf\">63<span class=\"_ _9a\"> </span>19<span class=\"_ _2a\"> </span>60<span class=\"_ _b4\"> </span>142<span class=\"_ _86\"> </span> <span class=\"_ _4\"></span>58% <span class=\"_ _b3\"> </span><span class=\"ff6b\">48<span class=\"_ _2a\"> </span>17<span class=\"_ _2a\"> </span>38<span class=\"_ _b4\"> </span>103<span class=\"_ _86\"> </span> <span class=\"_ _90\"></span>56%<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:521.7588px;\">(i)<span class=\"_ _1b7\"> </span>This ageing analysis is presented relative to invoicing date and presents receivables according to the oldest invoice outstanding with the customer. There are a range of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:511.61884px;\">payment terms extended to business energy customers. Average credit terms for small business customers are ten working days.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:487.93286px;\">Unbilled downstream energy income at 31 December 2022 includes gross<span class=\"_ _1\"></span> balances of \u00a3880 million in respect of British Gas energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:474.67285px;\">customers (2021: \u00a3535 million), against which a provision of \u00a336 million is held (<span class=\"_ _1\"></span>2021: \u00a321 million).<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:452.67688px;\">Centrica Business Solutions energy credit risk<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:438.79285px;\">Of the Group total of \u00a32,207 million (2021: \u00a31,546 million) billed trade receivables, the Centrica Business Solutions reporting segment<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:425.53284px;\">contributes \u00a3390 million (2021: \u00a3299 million). As described above, credit risk is concentrated in receivables from business energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:412.27283px;\">customers who pay in arrears, the remaining balances being immaterial in disaggregation. Gross receivables from these customers<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:399.01288px;\">amount to \u00a3346 million (2021: \u00a3251 million) and are analysed below.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:378.86285px;\">Trade receivables due<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:367.16284px;\">from Centrica Business<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:355.46286px;\">Solutions business energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:343.76285px;\">customers as at<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:332.06287px;\">31 December<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:249.64597px; bottom:331.50388px;\">2022<span class=\"_ _197\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:308.10385px;\">Days beyond invoice date<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hed ff6b fs64 fcf sc0 ls0 ws0\" style=\"left:91.49083px; bottom:310.88846px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:142.86136px; bottom:317.46384px;\">&lt;30 days<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:163.68738px; bottom:308.10385px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:188.50436px; bottom:317.46384px;\">30-90 days<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:215.66138px; bottom:308.10385px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:247.693px; bottom:317.46384px;\">&gt;90 days<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:270.1934px; bottom:308.10385px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:313.812px; bottom:317.46384px;\">Total<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:321.0247px; bottom:308.10385px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:344.41663px; bottom:317.46384px;\">Percentage<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:341.54767px; bottom:308.10385px;\">of credit risk<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:410.75302px; bottom:317.46384px;\">&lt;30 days<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:432.51346px; bottom:308.10385px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:455.7077px; bottom:317.46384px;\">30-90 days<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:485.14008px; bottom:308.10385px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:516.4714px; bottom:317.46384px;\">&gt;90 days<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:537.9069px; bottom:308.10385px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:583.1019px; bottom:317.46384px;\">Total<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:589.7703px; bottom:308.10385px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:611.8901px; bottom:317.46384px;\">Percentage<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:608.1875px; bottom:308.10385px;\">of credit risk<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:293.06287px;\">Risk profile<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:277.4628px;\">Commercial and industrial<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:116.28847px; bottom:280.94354px;\">(ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:261.86282px;\">Gross receivables<span class=\"_ _1f9\"> </span>170<span class=\"_ _2e\"> </span>9<span class=\"_ _2a\"> </span>31<span class=\"_ _b4\"> </span><span class=\"ff66\">210<span class=\"_ _12f\"> </span></span>116<span class=\"_ _4d\"> </span>3<span class=\"_ _2a\"> </span>47<span class=\"_ _b4\"> </span>166<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:246.26282px;\">Provision<span class=\"_ _ec\"> </span> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _82\"> </span>(15) <span class=\"_ _106\"> </span><span class=\"ff66\"> <span class=\"_ _17b\"> </span>(15) <span class=\"_ _c4\"> </span></span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _82\"> </span>(18) <span class=\"_ _106\"> </span> <span class=\"_ _82\"> </span>(18)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:230.66281px;\">Net<span class=\"_ _59\"> </span>170<span class=\"_ _4d\"> </span>9<span class=\"_ _2a\"> </span>16<span class=\"_ _b4\"> </span><span class=\"ff66\">195<span class=\"_ _b4\"> </span> <span class=\"_ _90\"></span>7% <span class=\"_ _50\"> </span><span class=\"ff6b\">116<span class=\"_ _2e\"> </span>3<span class=\"_ _2a\"> </span>29<span class=\"_ _b4\"> </span>148<span class=\"_ _77\"> </span> <span class=\"_ _4\"></span>11%<span class=\"_ _2b7\"> </span></span></span><span class=\"ff66\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:215.0628px;\">Medium-sized entities (ME)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:199.4628px;\">Gross receivables<span class=\"_ _1fa\"> </span>47<span class=\"_ _9a\"> </span>15<span class=\"_ _2a\"> </span>74<span class=\"_ _b4\"> </span><span class=\"ff66\">136<span class=\"_ _1f8\"> </span></span>22<span class=\"_ _21\"> </span>7<span class=\"_ _9a\"> </span>56<span class=\"_ _2a\"> </span>85<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:183.86282px;\">Provision<span class=\"_ _ec\"> </span> <span class=\"_ _4c\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _82\"> </span>(49) <span class=\"_ _106\"> </span><span class=\"ff66\"> <span class=\"_ _17b\"> </span>(49) <span class=\"_ _c4\"> </span></span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _30\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _82\"> </span>(36) <span class=\"_ _106\"> </span> <span class=\"_ _82\"> </span>(36)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:168.26282px;\">Net<span class=\"_ _1fb\"> </span>47<span class=\"_ _9a\"> </span>15<span class=\"_ _2a\"> </span>25<span class=\"_ _9a\"> </span><span class=\"ff66\">87<span class=\"_ _86\"> </span> <span class=\"_ _90\"></span>36% <span class=\"_ _b3\"> </span><span class=\"ff6b\">22<span class=\"_ _2e\"> </span>7<span class=\"_ _2a\"> </span>20<span class=\"_ _9a\"> </span>49<span class=\"_ _77\"> </span> <span class=\"_ _4\"></span>42%<span class=\"_ _2b7\"> </span></span></span><span class=\"ff66\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:152.66281px;\">Total net Centrica<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:140.9628px;\">Business Solutions<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:129.26282px;\">business energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:117.562805px;\">customers trade<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:105.86281px;\">receivables<span class=\"_ _1fc\"> </span><span class=\"fcf\">217<span class=\"_ _9a\"> </span>24<span class=\"_ _2a\"> </span>41<span class=\"_ _b4\"> </span>282<span class=\"_ _86\"> </span> <span class=\"_ _90\"></span>18% <span class=\"_ _187\"> </span><span class=\"ff6b\">138<span class=\"_ _2a\"> </span>10<span class=\"_ _9a\"> </span>49<span class=\"_ _104\"> </span>197<span class=\"_ _77\"> </span> <span class=\"_ _4\"></span>22%<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:86.64885px;\">(i)<span class=\"_ _1b7\"> </span>This ageing analysis is presented relative to invoicing date and presents receivables according to the oldest invoice outstanding with the customer. There are a range of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:76.508865px;\">payment terms extended to business energy customers. Average credit terms for ME customers are ten working days. Credit terms for Commercial and Industrial<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:66.368805px;\">customers are bespoke and are set based on the commercial agreement with each customer.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:56.22882px;\">(ii)<span class=\"_ _147\"> </span>This category includes low credit risk receivables, including those from public sector and customers with high turnover (greater than \u00a3100 million).<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:32.542847px;\">Unbilled downstream energy income at 31 December 2022 includes gross<span class=\"_ _1\"></span> balances of \u00a3349 million in respect of Centrica Business<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:19.282837px;\">Solutions business energy customers (2021: \u00a3193 million), against w<span class=\"_ _b\"></span>hich a provision of \u00a314 million is held (2021<span class=\"_ _1\"></span>: \u00a35 million).<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1228333px;\">The remaining reporting segments which are not shown above are not considered to have material credit risk.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:614.9813px;\">17.<span class=\"_ _13e\"> </span><span class=\"fc15\">Trade and other receivables and contract-related assets<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:589.91736px;\">Sensitivity to changes in assumptions<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:576.03326px;\">Typically, the most significant assumption included within the expected credit loss provisioning model that gives rise to estimation<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:562.7733px;\">uncertainty is that future performance will be reflective of past performance and that there will be no significant change in the payment<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:549.5133px;\">profile or recovery rates within each identified group of receivables. To address this risk, the Group reviews and updates default rates,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:536.2533px;\">by group, on a regular basis to ensure they incorporate the most up to date assumptions along with forward-looking information where<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:522.9934px;\">available and relevant. The Group also considers regulatory changes and customer segment specific factors that may have an impact,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:509.73328px;\">now or in the future, on the recoverability of the balance.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:492.57336px;\">The specific consideration of forward-looking information in the impairment model does not usually give rise to significant changes in the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:479.31335px;\">levels of credit losses. However, inflationary pressures and<span class=\"_ _1\"></span> increasing wholesale gas and electricity costs continue to cause uncertainty in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:466.05334px;\">economic outlook. The economic recovery remains vulnerable and there remains a level of estimation uncertainty inherent in determining<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:452.7934px;\">credit loss provisions for the Group\u2019s trade receivables.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:435.6333px;\">Where customers experience difficulties in settling balances, the increased ageing of these amounts results in an increase in provisions<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:422.37335px;\">held in respect of them under the provision matrix approach employed. The Group has also considered changes in customer payment<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:409.11334px;\">patterns, the specific circumstances of the customers and the economic impacts of the factors identified above, on the sectors in which<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:395.85333px;\">they operate. Whilst economic recovery is expected, a level of unpredictability remains apparent.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:378.69336px;\">Customers are facing increases in their cost of living, including increased energy bills, higher inflation and higher interest rates. The Group<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:365.43335px;\">has considered macroeconomic forecasts and sensitivities, as well as disposable income analysis from a credit rating agency, to model<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:352.17334px;\">and determine the level of provisions for credit losses.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:335.0133px;\">During 2022 the Group recognised impairment charges of \u00a3<span class=\"_ _b\"></span>351 million (2021: \u00a3116 million) in respect of financial assets, representing<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:321.7533px;\">1.5% of Group revenue (2021: 0.8%) and 1.0% of Group revenue from bus<span class=\"_ _1\"></span>iness performance (2021: 0.6%). As described above, the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:308.49335px;\">majority of the Group\u2019s credit exposure arises in respect of downstream energy receivables in British Gas Energy and Centrica Business<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:295.23334px;\">Services. Credit losses in respect of these assets amounted to \u00a3331 million (<span class=\"_ _1\"></span>2021: \u00a3104 million). This represents 2.1% (2021: 1.1%)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:281.97333px;\">of total UK downstream energy supply revenue from these segments of \u00a31<span class=\"_ _1\"></span>5,814 million (2021: \u00a39,162 million). Further details of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:268.71332px;\">segmental revenue are provided in note 4.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:251.55334px;\">Due to the different level of risks presented by billed and unbilled receivables, these asset groups are considered separately in the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:238.29333px;\">analysis below.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:216.2973px;\">Billed trade receivables<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:539.3072px; bottom:201.00937px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:572.51605px; bottom:191.64932px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:577.09424px; bottom:182.2893px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:603.9351px; bottom:201.00937px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:191.64932px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:182.2893px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:167.24835px;\">Trade receivables</div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:77.45427px; bottom:170.7291px;\"> (i)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:167.74231px;\"> <span class=\"_ _1f1\"> </span>2,207 </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:167.24835px;\"> <span class=\"_ _81\"> </span>1,546<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:151.64835px;\">Provision</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:152.14233px;\"> <span class=\"_ _30\"> </span>(822) </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:151.64835px;\"> <span class=\"_ _2c\"> </span>(607)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:136.04834px;\">Net balance</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:136.54233px;\"> <span class=\"_ _1f1\"> </span>1,385<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:635.25836px; bottom:136.04834px;\">939<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:539.3072px; bottom:106.174286px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:572.51605px; bottom:96.81436px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:581.7844px; bottom:87.454346px;\">%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:603.9351px; bottom:106.174286px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:96.81436px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:643.43933px; bottom:87.454346px;\">%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:72.41333px;\">Provision coverage<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:578.11505px; bottom:72.90735px;\">37<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:72.41333px;\">39<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:56.813324px;\">Sensitivity<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:575.7434px; bottom:57.307343px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:638.4847px; bottom:56.813324px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:41.213318px;\">Impact on billed receivables/operating profit from 1 percentage point (incre<span class=\"_ _1\"></span>ase)/decrease in provision coverage<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:485.14008px; bottom:44.69406px;\">(ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:557.6321px; bottom:41.707336px;\">(22)/22<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:621.7755px; bottom:41.213318px;\">(16)/16<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:21.999298px;\">(i)<span class=\"_ _1b7\"> </span>Excludes the Government receivables under the Energy Price Guarantee (EPG) and Energy Bill Relief Scheme (EBRS) schemes of \u00a3284 million (2021: \u00a3nil) which are not<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:11.859314px;\">provided for.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:1.7193298px;\">(ii)<span class=\"_ _147\"> </span>Credit risk in the Group is impacted by a large number of interacting factors.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:601.7883px;\">17.<span class=\"_ _13e\"> </span>Trade and other receivables and contract-related assets<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:569.86035px;\">Cash collection relative to billing has marginally deteriorated throughout the second half of 2022, driven by higher customer billings and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:556.6004px;\">credit terms having a lagged impact on conversion. Despite overall billed debt levels increasing significantly, the recovery rates are not<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:543.3403px;\">showing significant decline and provision rates for customers in the Group\u2019s downstream operations have fallen slightly. The drop in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:530.0803px;\">provision rates is driven by the mix of customer debt, including a higher proportion of direct debit debt and payment on receipt of bills<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:516.8203px;\">debt in residential which are considered lower risk and attract a lower rate of bad debt provision.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:499.66034px;\">The macroeconomic environment, however, remains challenging with higher inflation, higher interest rates, lower growth projections and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:486.4004px;\">more limited government support measures. There remains significant uncertainty around the possible increase in bad debt as a result of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:473.14032px;\">these factors. Also leading debt indicators including the number of new customers going into debt, insolvency volumes in business and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:459.88037px;\">direct debit cancellation rates in residential have deteriorated during 2022. High commodity prices and the delayed impact on customer<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:446.62036px;\">payments (including the recent changes in the residential price cap levels), have not yet been fully reflected in the underlying matrix<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:433.36035px;\">output model used to record provision coverage. Therefore, as part of management\u2019s assessment of adequacy of bad debt provisions,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:420.1004px;\">a \u00a395 million increase to the macroeconomic provision has been recorded, the provision now totals \u00a3125 million across billed and unbilled<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:406.84027px;\">debt and is included in the tables both above and below (2021: \u00a330 million). Management considers the impact <span class=\"_ _1\"></span>of specific cohorts of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:393.58032px;\">customers when making this assessment, recognising the different credit terms and different risk profiles that exist. This assessment also<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:380.3203px;\">utilises a range of factors, both internal and external, historic and forward-looking, and considers the sensitivities of these to help<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:367.0603px;\">management estimate the likely recovery of debt.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:349.90033px;\">It remains uncertain as to when and how these factors will reduce the collectability of debt and at what scale. The impact of future<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:336.64032px;\">changes in commodity prices and government intervention, including for the Energy Price Guarantee (EPG) and the <span class=\"_ _1\"></span>Energy Bill Relief<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:323.38037px;\">Scheme (EBRS), may also impact this. The table above and the unbilled section below provide details of the sensitivity of moving the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:310.12036px;\">debt provision by a further 1%.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:292.96033px;\">The Group\u2019s services, upstream and trading operations<span class=\"_ _1\"></span> are less susceptible to credit risk. No significant deterioration of credit risk has<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:279.70038px;\">been experienced or is expected in the relevant segments in respect of billed trade receivables recognised at 31 December 2022, taking<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:266.44037px;\">into account cash collection cycles in those areas of the Group and credit rating information<span class=\"_ _1\"></span> (see note S3).<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:248.34436px;\">Unbilled downstream energy income<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:234.46033px;\">The table below shows the IFRS 15 unbilled downstream energy income for the Group as a whole.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:539.3072px; bottom:216.19531px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:572.51605px; bottom:206.83533px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:577.09424px; bottom:197.47534px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:603.9351px; bottom:215.8963px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:206.53638px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:197.17633px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:182.13531px;\">Gross unbilled receivables</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:182.62933px;\"> <span class=\"_ _1f1\"> </span>1,281<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:635.25836px; bottom:182.13531px;\">726<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:166.53534px;\">Provision</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:167.02933px;\"> <span class=\"_ _48\"> </span>(50) </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:595.6034px; bottom:166.53534px;\"> <span class=\"_ _31\"> </span>(26)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:150.93533px;\">Net balance</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:151.42935px;\"> <span class=\"_ _1f1\"> </span>1,231<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:635.25836px; bottom:150.93533px;\">700<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:539.3072px; bottom:121.29535px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:572.51605px; bottom:111.93533px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:581.7844px; bottom:102.57532px;\">%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:603.9351px; bottom:121.29535px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:111.93533px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:643.43933px; bottom:102.57532px;\">%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:87.53439px;\">Provision coverage<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:583.1019px; bottom:88.02832px;\">4<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:645.6091px; bottom:87.53439px;\">4<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:71.93439px;\">Sensitivity<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:575.7434px; bottom:72.428314px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:638.4847px; bottom:71.93439px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:56.33438px;\">Impact on unbilled receivables/operating profit from 1 percentage point (incre<span class=\"_ _1\"></span>ase)/decrease in provision coverage<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:495.57996px; bottom:59.815125px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:557.6321px; bottom:56.82831px;\">(13)/13<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:632.38715px; bottom:56.33438px;\">(7)/7<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:39.070343px;\">(i)<span class=\"_ _1b7\"> </span>Credit risk in the Group is impacted by a large number of interacting factors.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.384369px;\">Unbilled downstream energy income is typically provided at a significantly lower rate than billed debt. This is because a large proportion of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1243591px;\">this debt once billed will be subject to the very short cash collection cycles of the Group\u2019s downstream energy supply businesses.<span class=\"_ _2b7\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-472": {
   "value": "18.Inventories Inventories represent assets that we intend to use in future periods, either by selling the asset itself (for example gas in  storage) or by using it to provide a service to a customer. 31 December  2022 \u00a3m 2021 \u00a3m Gas in storage and transportation  (i)  1,076   486  Other raw materials and consumables  114   99  Finished goods and goods for resale  79   59   1,269   644  (i) Includes gas in storage held at fair value of \u00a3539 million (2021: \u00a3331 million). The Group consumed \u00a33,508 million of inventories (2021: \u00a3560 million) during the year. Write-downs amounting to \u00a36 million  (2021: \u00a323 million) were charged to the Group Income Statement in the year. Reversals of write-downs amounted to \u00a39 million (2021: \u00a3nil)  during the year. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-473": {
   "value": "19. Derivative financial instruments The Group generally uses derivative financial instruments to manage the risk arising from fluctuations in the value of certain assets or liabilities  associated with treasury management and energy sales and procurement, and for proprietary energy trading purposes. The Group also uses  derivatives to hedge exchange risk. For accounting purposes, derivatives are either classified as held for trading, in which case changes in their fair value are recognised in the Group  Income Statement, or they are designated in hedging relationships. Where derivatives are in hedging relationships, the treatment of changes in  their fair value depends on the nature of that relationship, and whether it represents a fair value hedge, a cash flow hedge, or a net investment  hedge. Note S5 provides further detail on the Group\u2019s hedge accounting. The table below gives a high-level summary of the Group\u2019s accounting  for its derivative contracts. Purpose Classification Accounting treatment Proprietary energy trading and  treasury management. Held for trading and fair  value hedges. Changes in fair value recognised in the Group\u2019s business performance results for the  year. Treasury management and  hedging of exchange risk on net  assets of US dollar Direct  Energy subsidiaries up to date  of disposal in 2021. Cash flow and net  investment hedges. Effective portion of hedge initially recognised in the Group Statement of Other  Comprehensive Income. Gains and losses are recycled to the Group Income Statement  when the hedged item impacts profit or loss. Ineffective portions of the hedge are  recognised immediately in the Group\u2019s business performance results for the year. Energy procurement and  optimisation. Held for trading. Changes in fair value recognised in the Group\u2019s exceptional items and certain  re-measurements results for the year. The carrying values of derivative financial instruments by product type for accounting purposes are as follows: 2022 2021 31 December  Assets \u00a3m Liabilities \u00a3m Assets \u00a3m Liabilities \u00a3m Derivative financial instruments \u2013 held for trading under IFRS 9: Energy derivatives \u2013 for procurement/optimisation   1,723    (5,400)    3,611    (2,203)  Energy derivatives \u2013 for proprietary trading   5,355    (4,256)    3,775    (3,749)  Interest rate derivatives   \u2014    \u2014  4   \u2014  Foreign exchange derivatives   275    (268)    60    (50)  Derivative financial instruments in hedge accounting relationships: Interest rate derivatives   37    (221)    67    \u2014  Foreign exchange derivatives   37    (6)    33    (7)  Total derivative financial instruments   7,427    (10,151)    7,550    (6,009)  Included within: Derivative financial instruments \u2013 current   6,034    (8,841)    6,545    (4,929)  Derivative financial instruments \u2013 non-current   1,393    (1,310)    1,005    (1,080)  The contracts included within energy derivatives are subject to a wide range of detailed specific terms, but comprise the following general  components, analysed on a net carrying value basis:  31 December  2022 \u00a3m 2021 \u00a3m Short-term forward market purchases and sales of gas and electricity: UK and Europe  (214)    69  Other derivative contracts including structured gas sale and purchase arrangements  (2,364)    1,365  Net total  (2,578)    1,434  Net (losses)/gains on derivative financial instruments due to re-measurement 2022 2021 31 December  Income  Statement \u00a3m Equity \u00a3m Income  Statement \u00a3m Equity \u00a3m Financial assets and liabilities measured at fair value: Derivative financial instruments \u2013 held for trading  (4,568)    \u2014    1,263    \u2014  Derivative financial instruments in hedge accounting relationships  (228)    (10)    (95)    (42)   (4,796)    (10)    1,168    (42)  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-474": {
   "value": "20. Trade and other payables and contract liabilities Trade and other payables include accruals and are principally amounts we owe to our suppliers. Financial deferred  income represents monies received from customers in advance of the delivery of goods or services that may be  returned to the customer if future delivery does not occur. For example, downstream customers with a credit balance  may request repayment of the outstanding amount in cash, rather than taking delivery of commodity. By contrast,  contract liabilities and non-financial deferred income arise when the Group receives consideration from a customer in  advance of performance, and has a non-financial liability to deliver future goods or services in return. 2022 2021 31 December  Current \u00a3m Non-current \u00a3m Current \u00a3m Non-current \u00a3m Financial liabilities: Trade payables  (561)    (4)   (542)    (2)  Deferred income  (i)  (538)    \u2014   (281)    \u2014  Capital payables  (158)    \u2014   (85)    \u2014  Cash collateral received  (601)    \u2014   (1,185)    \u2014  Other payables  (ii)  (479)    (150)   (164)    (100)  Accruals: Commodity costs  (5,371)    \u2014   (3,462)    \u2014  Transportation, distribution and metering costs  (377)    \u2014   (258)    \u2014  Operating and other accruals  (845)    \u2014   (775)    \u2014   (6,593)    \u2014    (4,495)    \u2014   (8,930)    (154)    (6,752)    (102 ) Non-financial liabilities: Other payables and accruals  (701)    (1)   (661)    (3)  Contract liabilities  (37)    (7)   (33)    (15)  Deferred income  (iii)  (508)    (3)   (67)    \u2014   (10,176)    (165)    (7,513)    (120)  (i) Includes downstream customer credit balances for amounts billed in advance of energy supply. (ii) Other payables includes share buyback liability of \u00a3207 million (2021: \u00a3nil). (iii) Deferred income includes \u00a3440 million from the Energy Bill Support Scheme, expected to be applied to customer accounts in January 2023. Maturity profile of financial liabilities within current trade and other payables 31 December  2022 \u00a3m 2021 \u00a3m Less than 90 days  (8,543)    (6,531 ) 90 to 182 days  (217)    (134 ) 183 to 365 days  (170)    (87)   (8,930)    (6,752 ) ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-475": {
   "value": "<div class=\"t m0 hcb ff66 fs4 fca sc0 ls0 ws0\" style=\"left:2.919365px; bottom:835.0907px;\">21.<span class=\"_ _13e\"> </span><span class=\"fce\">Provisions for liabilities &amp; charges<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:795.18066px;\">Provisions are recognised when an obligation exists that can be reliably measured, but where there is uncertainty over<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:781.9207px;\">the timing and/or amount of the payment. The main provisions relate to decommissioning costs for upstream assets we<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:768.6607px;\">own, or have owned, which require restoration or remediation, along with onerous supply contracts. Further provisions<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:755.4007px;\">relate to restructuring costs, and legal and regulatory matters.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:124.60222px; bottom:680.8327px;\">1 January<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:141.51198px; bottom:671.4727px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:147.69711px; bottom:662.1127px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:170.55138px; bottom:690.1927px;\">Acquisitions<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:200.01547px; bottom:680.8327px;\">and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:180.14862px; bottom:671.4727px;\">disposals<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:201.30106px; bottom:662.1127px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:227.94104px; bottom:680.8327px;\">Charged in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:237.75409px; bottom:671.4727px;\">the year<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:255.62338px; bottom:662.1127px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:291.0632px; bottom:680.8327px;\">Notional<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:293.70038px; bottom:671.4727px;\">interest<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:308.36008px; bottom:662.1127px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:336.30786px; bottom:690.1927px;\">Unused and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:339.9818px; bottom:680.8327px;\">reversed in<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:350.98007px; bottom:671.4727px;\">the year<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:366.8744px; bottom:662.1127px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:405.9946px; bottom:671.4727px;\">Utilised<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:421.7041px; bottom:662.1127px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:452.07513px; bottom:690.1927px;\">Revisions<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:472.9809px; bottom:680.8327px;\">and<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:453.15942px; bottom:671.4727px;\">additions<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:474.55505px; bottom:662.1127px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:500.05884px; bottom:671.4727px;\">Transfers<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hed ff6b fs64 fcf sc0 ls0 ws0\" style=\"left:534.6027px; bottom:674.2573px;\">(v)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:528.6091px; bottom:662.1127px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:562.8763px; bottom:680.8327px;\">Exchange<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:555.00037px; bottom:671.4727px;\">adjustments<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:587.12335px; bottom:662.1127px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:643.43933px; bottom:690.1927px;\">31<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:613.5628px; bottom:680.8327px;\">December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:671.4727px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:639.75323px; bottom:662.1127px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:647.31866px;\">Current<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:631.7187px;\">Restructuring costs<span class=\"_ _4a\"> </span> <span class=\"_ _77\"> </span>(29) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _78\"> </span>(3) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _51\"> </span>5 <span class=\"_ _8a\"> </span> <span class=\"_ _7c\"> </span>20 <span class=\"_ _9e\"> </span> <span class=\"_ _26\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _a0\"> </span>(7) <span class=\"_ _6\"> </span> <span class=\"_ _46\"> </span>(1) <span class=\"_ _106\"> </span><span class=\"ff66\"> <span class=\"_ _77\"> </span>(15)<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:616.1187px;\">Decommissioning<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:604.4187px;\">costs<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:26.231613px; bottom:607.8994px;\">(i) (ii)</div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:111.72676px; bottom:604.17175px;\"> <span class=\"_ _7e\"> </span>(149) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _51\"> </span>1 <span class=\"_ _141\"> </span> <span class=\"_ _7c\"> </span>98 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>(14) <span class=\"_ _6\"> </span> <span class=\"_ _7e\"> </span>(151) <span class=\"_ _106\"> </span> <span class=\"_ _140\"> </span>(1) <span class=\"_ _6\"> </span><span class=\"ff66\"> <span class=\"_ _13\"> </span>(216)<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:588.8187px;\">Onerous contracts<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:577.1187px;\">provision<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:42.671288px; bottom:580.5995px;\">(iii)</div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:111.72676px; bottom:576.8717px;\"> <span class=\"_ _1c\"> </span>(2,535) <span class=\"_ _106\"> </span> <span class=\"_ _7e\"> </span>(215) <span class=\"_ _6\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _48\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _18\"> </span>1,815 <span class=\"_ _8a\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _78\"> </span>(2) <span class=\"_ _6\"> </span> <span class=\"_ _22\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _13\"> </span>(937)<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:561.51874px;\">Other<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:26.231613px; bottom:564.99945px;\">(iv)</div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:111.72676px; bottom:561.51874px;\"> <span class=\"_ _77\"> </span>(56) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>(29) <span class=\"_ _6\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _51\"> </span>9 <span class=\"_ _141\"> </span> <span class=\"_ _7c\"> </span>37 <span class=\"_ _141\"> </span> <span class=\"_ _5d\"> </span>2 <span class=\"_ _141\"> </span> <span class=\"_ _78\"> </span>(8) <span class=\"_ _6\"> </span> <span class=\"_ _22\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _82\"> </span>(45)<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:545.91876px;\">Total<span class=\"_ _69\"> </span><span class=\"fcf\"> <span class=\"_ _1c\"> </span>(2,769) <span class=\"_ _8f\"> </span> <span class=\"_ _13\"> </span>(215) <span class=\"_ _106\"> </span> <span class=\"_ _77\"> </span>(32) <span class=\"_ _8f\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _f4\"> </span>15 <span class=\"_ _141\"> </span> <span class=\"_ _18\"> </span>1,970 <span class=\"_ _141\"> </span> <span class=\"_ _82\"> </span>(12) <span class=\"_ _106\"> </span> <span class=\"_ _13\"> </span>(168) <span class=\"_ _106\"> </span> <span class=\"_ _50\"> </span>(2) <span class=\"_ _106\"> </span> <span class=\"_ _1c\"> </span>(1,213)<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:168.60736px; bottom:491.0327px;\">1 January<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:185.54596px; bottom:481.67273px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:191.70914px; bottom:472.31268px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:220.1543px; bottom:491.0327px;\">Acquisitions<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:212.83087px; bottom:481.67273px;\">and disposals<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:250.94116px; bottom:472.31268px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:277.55127px; bottom:491.0327px;\">Charged in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:286.72287px; bottom:481.67273px;\">the year<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:303.6194px; bottom:472.31268px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:339.9818px; bottom:491.0327px;\">Notional<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:343.14496px; bottom:481.67273px;\">interest<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:357.92206px; bottom:472.31268px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:384.92422px; bottom:500.3927px;\">Unused and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:389.47137px; bottom:491.0327px;\">reversed in<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:398.49637px; bottom:481.67273px;\">the year<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:416.3191px; bottom:472.31268px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:437.79745px; bottom:491.0327px;\">Revisions and<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:453.15942px; bottom:481.67273px;\">additions<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:474.55505px; bottom:472.31268px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:500.05884px; bottom:481.67273px;\">Transfers</div><div class=\"t m0 hed ff6b fs64 fcf sc0 ls0 ws0\" style=\"left:532.3991px; bottom:484.45734px;\"> (v)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:528.6091px; bottom:472.31268px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:562.8763px; bottom:491.0327px;\">Exchange<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:555.00037px; bottom:481.67273px;\">adjustments<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:587.12335px; bottom:472.31268px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:643.43933px; bottom:500.3927px;\">31<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:613.5628px; bottom:491.0327px;\">December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:633.68207px; bottom:481.67273px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:639.75323px; bottom:472.31268px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:457.51874px;\">Non-current<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:441.91876px;\">Restructuring costs<span class=\"_ _201\"> </span> <span class=\"_ _77\"> </span>(12) <span class=\"_ _106\"> </span> <span class=\"_ _22\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _48\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _48\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _5d\"> </span>7 <span class=\"_ _9e\"> </span> <span class=\"_ _48\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _a0\"> </span>(5)<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:426.31873px;\">Decommissioning costs</div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:103.21541px; bottom:429.79947px;\"> (i) (ii)</div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:156.71938px; bottom:426.31873px;\"> <span class=\"_ _1c\"> </span>(1,372) <span class=\"_ _106\"> </span> <span class=\"_ _22\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _77\"> </span>(60) <span class=\"_ _6\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _f4\"> </span>42 <span class=\"_ _141\"> </span> <span class=\"_ _a0\"> </span>(53) <span class=\"_ _106\"> </span> <span class=\"_ _4a\"> </span>151 <span class=\"_ _8a\"> </span> <span class=\"_ _46\"> </span>(6) <span class=\"_ _6\"> </span><span class=\"ff66\"> <span class=\"_ _7\"> </span>(1,298)<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:410.71872px;\">Onerous contracts provision</div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:123.48773px; bottom:414.19946px;\"> (iii)</div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:156.71938px; bottom:410.71872px;\"> <span class=\"_ _77\"> </span>(24) <span class=\"_ _106\"> </span> <span class=\"_ _a0\"> </span>(69) <span class=\"_ _106\"> </span> <span class=\"_ _78\"> </span>(8) <span class=\"_ _6\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _22\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _48\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _5d\"> </span>2 <span class=\"_ _9e\"> </span> <span class=\"_ _48\"> </span>\u2014 <span class=\"_ _141\"> </span><span class=\"ff66\"> <span class=\"_ _77\"> </span>(99)<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:395.11874px;\">Other</div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:25.108414px; bottom:398.59946px;\"> (iv)</div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:156.71938px; bottom:395.11874px;\"> <span class=\"_ _77\"> </span>(46) <span class=\"_ _106\"> </span> <span class=\"_ _22\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _78\"> </span>(6) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _51\"> </span>1 <span class=\"_ _141\"> </span> <span class=\"_ _46\"> </span>(3) <span class=\"_ _106\"> </span> <span class=\"_ _5d\"> </span>8 <span class=\"_ _9e\"> </span> <span class=\"_ _51\"> </span>2 <span class=\"_ _8a\"> </span><span class=\"ff66\"> <span class=\"_ _77\"> </span>(44)<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:379.51874px;\">Total<span class=\"_ _a1\"> </span><span class=\"fcf\"> <span class=\"_ _7\"> </span>(1,454) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>(69) <span class=\"_ _8f\"> </span> <span class=\"_ _77\"> </span>(74) <span class=\"_ _8f\"> </span> <span class=\"_ _2c\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _f4\"> </span>43 <span class=\"_ _141\"> </span> <span class=\"_ _146\"> </span>(56) <span class=\"_ _106\"> </span> <span class=\"_ _4a\"> </span>168 <span class=\"_ _8a\"> </span> <span class=\"_ _140\"> </span>(4) <span class=\"_ _106\"> </span> <span class=\"_ _7\"> </span>(1,446)<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:360.1617px;\">Included within the above liabilities are the following financial liabilities:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:450.91403px; bottom:340.42767px;\">2022<span class=\"_ _64\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:317.02768px;\">31 December<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:427.50458px; bottom:326.3877px;\">Current<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:444.5741px; bottom:317.02768px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:472.9809px; bottom:326.3877px;\">Non-current<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:507.13647px; bottom:317.02768px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:561.6269px; bottom:326.3877px;\">Current<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:577.09424px; bottom:317.02768px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:609.3005px; bottom:326.3877px;\">Non-current<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:639.75323px; bottom:317.02768px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:302.48068px;\">Restructuring costs<span class=\"_ _1d6\"> </span><span class=\"ff66\"> <span class=\"_ _31\"> </span>(15) <span class=\"_ _106\"> </span> <span class=\"_ _23\"> </span>(5) <span class=\"_ _13e\"> </span></span> <span class=\"_ _140\"> </span>(29) <span class=\"_ _106\"> </span> <span class=\"_ _50\"> </span>(12)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:286.88068px;\">Provisions other than restructuring costs<span class=\"_ _1a2\"> </span><span class=\"ff66\"> <span class=\"_ _10c\"> </span>(973) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(132) <span class=\"_ _13e\"> </span></span> <span class=\"_ _e4\"> </span>(2,580) <span class=\"_ _106\"> </span> <span class=\"_ _50\"> </span>(57) </div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:398.49637px; bottom:271.28067px;\"> <span class=\"_ _2c\"> </span>(988) <span class=\"_ _106\"> </span> <span class=\"_ _10c\"> </span>(137) <span class=\"_ _13e\"> </span><span class=\"ff6b\"> <span class=\"_ _e4\"> </span>(2,609) <span class=\"_ _8f\"> </span> <span class=\"_ _140\"> </span>(69)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:253.5227px;\">(i)<span class=\"_ _1b7\"> </span>Provision has been made for the estimated net present cost of decommissioning gas production facilities at the end of their useful lives. The estimate has been based on<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:243.38272px;\">2P reserves, price levels and technology at the balance sheet date. The payment dates of decommissioning costs are dependent on the lives of the facilities,<span class=\"_ _b\"></span> but<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:233.24274px;\">utilisation of the provision is expected to occur until the 2040s. <span class=\"_ _1\"></span>The maturity profile of total decommissioning provisions is analysed below:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:206.81372px;\">Maturity profile of decommissioning provisions<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:182.60773px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:633.68207px; bottom:191.96774px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:638.4847px; bottom:182.60773px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:167.56673px;\">2023-2027</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:594.52454px; bottom:168.06071px;\"> <span class=\"_ _30\"> </span>(559)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:151.96672px;\">2028-2032</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:594.52454px; bottom:152.46072px;\"> <span class=\"_ _30\"> </span>(795)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:136.36671px;\">2033-2037</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:594.52454px; bottom:136.86072px;\"> <span class=\"_ _30\"> </span>(146)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:120.76672px;\">2038-2042</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:594.52454px; bottom:121.26073px;\"> <span class=\"_ _bc\"> </span>(9)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:105.16672px;\">2043-2047</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:594.52454px; bottom:105.66072px;\"> <span class=\"_ _bc\"> </span>(5) </div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:594.52454px; bottom:90.060715px;\"> <span class=\"_ _7e\"> </span>(1,514)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:70.35268px;\">The rate used to discount decommissioning provisions is 1% (2021: 0%). See not<span class=\"_ _1\"></span>e 3.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:58.262695px;\">(ii)<span class=\"_ _147\"> </span>Included in the provision balance as at 31 December 2022 is \u00a31,174 million held in Spirit <span class=\"_ _b\"></span>Energy, \u00a3324 million in relation to the Rough field, and \u00a316 million in the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:48.12271px;\">remainder of the business.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:36.032722px;\">(iii)<span class=\"_ _141\"> </span>Primarily includes the onerous supply contract provision of \u00a3999 million (2021: \u00a32,530 million), including \u00a3284 million recognised upon acquisition of the AvantiGas<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:25.892746px;\">customer book, see notes 3 and 12.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:13.802681px;\">(iv)<span class=\"_ _8a\"> </span>Other provisions have been made for dilapidations, insurance, legal, warranty and various other claims.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:1.7126923px;\">(v)<span class=\"_ _14\"> </span>Relates to amounts transferred between current and non-current provisions.<span class=\"_ _2b7\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-476": {
   "value": "22.Post-retirement benefits The Group manages a number of final salary and career average defined benefit pension schemes. It also has defined  contribution schemes. The majority of these schemes are in the UK. (a)  Summary of main post-retirement benefit schemes Number of active  members as at 31 December 2022 Total membership as at 31 December 2022Name of scheme Type of benefit Status Country Centrica Engineers Defined benefit final salary pension Closed to new members in 2006 UK   1,615    8,433  Pension Scheme Defined benefit career average pension Closed to new members in 2022 UK   3,198    7,237  Centrica Pension Plan Defined benefit final salary pension Closed to new members in 2003 UK   1,471    8,441  Centrica Pension Scheme Defined benefit final salary pension Closed to new members in 2003 UK   1    10,197  Defined benefit career average pension Closed to new members in 2008 UK   750    4,191  Defined contribution pension Open to new members UK   10,243    20,789  Bord G\u00e1is Energy Company  Defined Benefit Pension Scheme Defined benefit final salary pension Closed to new members in 2014 Republic  of Ireland   94    170  Bord G\u00e1is Energy Company  Defined Contribution Pension Plan Defined contribution pension Open to new members Republic  of Ireland   270    392  The Centrica Engineers Pension Scheme (CEPS), Centrica Pension Plan (CPP) and Centrica Pension Scheme (CPS) form the significant  majority of the Group\u2019s defined benefit obligation and are referred to below as the \u2018Registered Pension Schemes\u2019. The other schemes are  individually, and in aggregate, immaterial. Independent valuations The Registered Pension Schemes are subject to independent valuations at least every three years, on the basis of which the qualified  actuary certifies the rate of employer contributions, which together with the specified contributions payable by the employees and  proceeds from the schemes\u2019 assets, are expected to be sufficient to fund the benefits payable under the schemes. The latest full actuarial valuations agreed and finalised with the Pension Trustees were carried out at the following dates: the Registered  Pension Schemes at 31 March 2021 and the Bord G\u00e1is Energy Company Defined Benefit Pension Scheme at 1 January 2020. For the  Registered Pension Schemes, the full actuarial valuation as at 31 March 2021 was agreed during the year. These valuations have been  updated to 31 December 2022 for the purpose of meeting the requirements of IAS 19. Investments held in all schemes have been valued  for this purpose at market value. Governance The Registered Pension Schemes are managed by trustee companies whose boards consist of both company-nominated and member- nominated Directors. Each scheme holds units in the Centrica Combined Common Investment Fund (CCCIF), which holds the majority of  the combined assets of the Registered Pension Schemes. The board of the CCCIF is currently comprised of nine directors: three  independent directors, three directors appointed by Centrica plc (including the Chairman) and one director appointed by each of the three  Registered Pension Schemes.  Under the terms of the Pensions Act 2004, Centrica plc and each trustee board must agree the funding rate for its defined benefit pension  scheme and a recovery plan to fund any deficit against the scheme-specific statutory funding objective. This approach was first adopted  for the triennial valuations completed at 31 March 2006, and has been reflected in subsequent valuations, including the 31 March 2021  valuation. 22.Post-retirement benefits (b) Risks The Registered Pension Schemes expose the Group to the following risks: Asset volatility The pension liabilities are calculated using a discount rate set with reference to AA corporate bond yields. If the growth in plan assets is  lower than this, this will create an actuarial loss within other equity. The CCCIF is responsible for managing the assets of each scheme in  line with the risk tolerances that have been set by the trustees of the schemes, and invests in a diversified portfolio of assets. The schemes  are relatively young in nature (the schemes\u2019 opened in 1997 on the formation of Centrica plc on demerger from BG plc (formerly British  Gas plc)), and only took on past service liabilities in respect of active employees.  The trustees significantly reduced their tolerance to scheme valuation risk in 2019, increasing inflation and interest rate hedges from one  third to two thirds, and further de-risked thereafter such that there was an 85% hedge level (in relation to assets) at 2021 year-end. This  de-risking included the use of collateralised gilt holdings in the Schemes\u2019 Liability-Driven Investment (LDI) portfolio (shown in the Pension  scheme asset table in section (f) of this note within Liability matching assets). Throughout 2022 and in particular during September, there were significant increases and volatility in gilt yields. This led to a significant fall  in the value of assets invested in the UK Registered Pension Schemes\u2019 Liability-Driven Investment (LDI) funds, thereby driving collateral  calls and temporarily reducing the hedge position. All liquid credit mandates were placed into redemption with proceeds directed to the  LDI portfolio to increase collateral and reduce leverage. In October 2022, the Group agreed to provide the Schemes with a \u00a3400 million two-year revolving, unsecured, interest bearing credit  facility, and a short-term \u00a3150 million loan. This money was immediately drawn down to purchase physical gilts to reduce the extent of  interest rate and inflation risk. The short-term loan was repaid in December 2022 and the remaining \u00a3400 million credit facility is scheduled  for repayment in 2024. At the 2022 year-end, the \u00a3400 million loan (together with unpaid interest) is recorded in Securities from a Centrica  plc Group perspective and as a reduction to scheme assets for the UK Registered Pension Schemes. At the 2022 year-end, the inflation and interest rate hedge level in relation to assets is around 92%. This has resulted in a reduction of  return-seeking assets within the portfolio, as well as a higher weighting to assets that better manage downside risk.  Interest rate A decrease in bond interest rates will increase the net present value of the pension liabilities. The relative immaturity of the schemes means  that the duration of the liabilities is longer than average for typical UK pension schemes, resulting in a relatively higher exposure to interest  rate risk. This risk is reduced via the hedging referred to in the Asset volatility section. Inflation Pensions in deferment, pensions in payment and pensions accrued under the career average schemes increase in line with the Retail  Prices Index (RPI) and the Consumer Prices Index (CPI). Therefore, scheme liabilities will increase if inflation is higher than assumed,  although in some cases caps are in place to limit the impact of significant movements in inflation. Furthermore, a pension increase  exchange (PIE) option implemented in 2015 is available to future retirees, which gives the choice to receive a higher initial pension in return  for giving up certain future increases linked to RPI, again limiting the impact of significant movements in inflation. Inflation risk is reduced  via the hedging referred to in the Asset volatility section. Longevity The majority of the schemes\u2019 obligations are to provide benefits for the life of scheme members and their surviving spouses; therefore  increases in life expectancy will result in an increase in the pension liabilities. The relative immaturity of the schemes means that there is  comparatively little observable mortality data to assess the rates of mortality experienced by the schemes, and means that the schemes\u2019  liabilities will be paid over a long period of time, making it particularly difficult to predict the life expectancy of the current membership.  Furthermore, pension payments are subject to inflationary increases, resulting in a higher sensitivity to changes in life expectancy.  Salary Pension liabilities are calculated by reference to the future salaries of active members, and hence salary rises in excess of assumed  increases will increase scheme liabilities. During 2011, changes were introduced to the final salary sections of CEPS and CPP such that  annual increases in pensionable pay are capped to 2%, resulting in a reduction in salary risk. During 2016, a salary cap on pensionable  pay for the CPS career average and CPP schemes was implemented, and in 2019 a similar change took place for CEPS. All of the 2011,  2016 and 2019 changes result in a reduction in salary risk.  Foreign exchange Certain assets held by the CCCIF are denominated in foreign currencies, and hence their values are subject to exchange rate risk.  The CCCIF has long-term hedging policies in place to manage interest rate, inflation and foreign exchange risks. The table below analyses the total liabilities of the Registered Pension Schemes, calculated in accordance with accounting principles,  by type of liability, as at 31 December 2022. 22.Post-retirement benefits Total liabilities of the Registered Pension Schemes 31 December  2022 % Actives \u2013 final salary \u2013 capped  11  Actives \u2013 final salary \u2013 uncapped and crystallised benefits  5  Actives \u2013 career average  4  Deferred pensioners  38  Pensioners  42   100  (c) Accounting assumptions The accounting assumptions for the Registered Pension Schemes are given below: Major assumptions used for the actuarial valuation  31 December  2022 % 2021 % Rate of increase in employee earnings: Subject to 2% cap   1.5    1.8  Other not subject to cap   2.9    2.6  Rate of increase in pensions in payment   3.3    3.1  Rate of increase in deferred pensions: In line with CPI capped at 2.5%   2.5    2.4  In line with RPI   3.0    3.1  Discount rate  4.7    1.8  The assumptions relating to longevity underlying the pension liabilities at the balance sheet date have been based on a combination of  standard actuarial mortality tables, scheme experience and other relevant data, and include an allowance for future improvements in  mortality. The longevity assumptions for members in normal health are as follows: Life expectancy at age 65 for a member 2022 2021 31 December  Male Years Female Years Male Years Female Years Currently aged 65   22.4    23.9    22.5    24.0  Currently aged 45   23.6    25.0    23.8    25.1  The other demographic assumptions have been set having regard to the latest trends in scheme experience and other relevant data. The  assumptions are reviewed and updated as necessary as part of the periodic actuarial valuations of the pension schemes. For the Registered Pension Schemes, marginal adjustments to the assumptions used to calculate the pension liability, or significant swings  in bond yields or stock markets, can have a large impact in absolute terms on the net assets of the Group. Reasonably possible changes  as at 31 December to one of the actuarial assumptions would have affected the scheme liabilities as set out below: Impact of changing material assumptions 2022 2021 31 December  Increase/  decrease in  assumption (i) Indicative  effect on  scheme  liabilities % Increase/  decrease in  assumption Indicative  effect on  scheme  liabilities % Rate of increase in employee earnings subject to 2% cap  1.00%  +1/-2  0.25%  +/-0 Rate of increase in pensions in payment and deferred pensions  1.00%  +14/-12  0.25%  +/-4 Discount rate  1.00%  -15/+19  0.25%  -/+5 Inflation assumption  1.00%  +15/-12  0.25%  +/-5 Longevity assumption 1 year +/-2 1 year +/-4 (i) 1% has been used for sensitivity analysis this year as opposed to 0.25% in the prior year, due to the quantum of market rate movements during the year which mean it is  considered that 1% is a more appropriate measure for 2022. The indicative effects on scheme liabilities have been calculated by changing each assumption in isolation and assessing the impact on  the liabilities. For the reasonably possible change in the inflation assumption, it has been assumed that a change to the inflation  assumption would lead to corresponding changes in the assumed rates of increase in uncapped pensionable pay, pensions in payment  and deferred pensions. The remaining disclosures in this note cover all of the Group\u2019s defined benefit schemes. 22.Post-retirement benefits (d) Amounts included in the Group Balance Sheet 31 December  2022 \u00a3m 2021 \u00a3m Fair value of plan assets   6,312    10,666  Present value of defined benefit obligation   (6,272)    (10,666)  Recognised in the Group Balance Sheet   40    \u2014  Presented in the Group Balance Sheet as: Retirement benefit assets   150    231  Retirement benefit liabilities   (110)    (231)  The Trust Deed and Rules for the Registered Pension Schemes provide the Group with a right to a refund of surplus assets assuming the  full settlement of scheme liabilities. No asset ceiling restrictions have been applied in the consolidated Financial Statements. (e) Movements in the year 2022 2021 Pension  liabilities \u00a3m Pension  assets \u00a3m Pension  liabilities \u00a3m Pension assets \u00a3m 1 January    (10,666)    10,666    (10,671)    10,070  Items included in the Group Income Statement: Current service cost   (84)    \u2014    (85)    \u2014  Contributions by employer in respect of employee salary sacrifice arrangements  (i)  (21)    \u2014    (20)    \u2014  Total current service cost   (105)    \u2014    (105)    \u2014  Past service credit   \u2014    \u2014    1    \u2014  Interest (expense)/income   (193)    196    (155)    150  Termination benefit   4    \u2014    52    \u2014  Items included in the Group Statement of Comprehensive Income: Returns on plan assets, excluding interest income   \u2014    (4,559)    \u2014    301  Actuarial gain/(loss) from changes to demographic assumptions   34    \u2014    (12)    \u2014  Actuarial gain from changes in financial assumptions   4,803    \u2014    123    \u2014  Actuarial loss from experience adjustments   (425)    \u2014    (194)    \u2014  Items included in the Group Cash Flow Statement: Employer contributions   \u2014    264    \u2014    420  Contributions by employer in respect of employee salary sacrifice arrangements   \u2014    21    \u2014    20  Other movements: Benefits paid from schemes   278    (278)    297    (297)  Other   (2)    2    (2)    2  31 December    (6,272)    6,312    (10,666)    10,666  (i) A salary sacrifice arrangement was introduced on 1 April 2013 for pension scheme members. The contributions paid via the salary sacrifice arrangement have been  treated as employer contributions and included within the current service cost, with a corresponding reduction in salary costs. In addition to current service cost on the Group\u2019s defined benefit pension schemes, the Group also charged \u00a366 million (2021: \u00a361 million)  to operating profit in respect of defined contribution pension schemes. This included contributions of \u00a320 million (2021: \u00a315 million) paid  via a salary sacrifice arrangement. 22.Post-retirement benefits (f)  Pension scheme assets The market values of plan assets were:  2022 2021 31 December  Quoted \u00a3m Unquoted \u00a3m Total \u00a3m Quoted  \u00a3m Unquoted  \u00a3m Total  \u00a3m Equities   19    486    505    20    462    482  Corporate bonds   24    \u2014    24    2,393    31    2,424  High-yield debt   106    1,331    1,437    2,720    1,197    3,917  Liability matching assets   2,835    1,343    4,178    1,963    1,356    3,319  Property   \u2014    366    366    \u2014    439    439  Cash pending investment   205    \u2014    205    85    \u2014    85  Loan and interest   \u2014    (403)    (403)    \u2014    \u2014    \u2014   3,189    3,123    6,312    7,181    3,485    10,666  Unquoted private equity, liability matching assets and debt funds are valued at fair value as calculated by the investment manager at the  latest valuation date in accordance with generally accepted guidelines, adjusted for cash flow in the intervening period. Investment  properties are valued in accordance with guidelines by independent valuers. These valuations are reviewed annually as part of the CCCIF  audit and receive greater scrutiny now that unquoted assets make up a greater proportion of the scheme portfolio. Included within equities  are \u00a3nil of ordinary shares of Centrica plc (2021: \u00a3nil) via pooled funds that include a benchmark allocation to UK equities. Included within  corporate bonds are \u00a3nil (2021: \u00a3nil) of bonds issued by Centrica plc, albeit minor exposure may be held within pooled funds over which  the CCCIF has no ability to direct investment decisions. Apart from the investment in the Scottish Limited Partnerships which form part of  the asset-backed contribution arrangements described in section (g) of this note, no direct investments are made in securities issued by  Centrica plc or any of its subsidiaries or property leased to or owned by Centrica plc or any of its subsidiaries. The corporate bond, high- yield debt and liability matching asset categories headings above have segregated portfolio mandates which include the cash, cash funds  and derivatives associated with the mandates. At 31 December 2021 the aggregate gilts portfolio, the quoted element of the Liability matching assets line, was approximately 3 times  leveraged (1 times being unleveraged). At 31 December 2022 the aggregate gilts portfolio was significantly less exposed to collateral  movements, at approximately 1.3 times leveraged. Included within the Group Balance Sheet within non-current securities are \u00a395 million (2021: \u00a3111 million) of investments, held in trust on  behalf of the Group, as security in respect of the Centrica Unfunded Pension Scheme. Of the pension scheme liabilities above, \u00a349 million  (2021: \u00a366 million) relate to this scheme. More information on the Centrica Unapproved Pension Scheme is included in the Remuneration  Report on pages 84 to 103. (g) Pension scheme contributions The Group estimates that it will pay \u00a354 million of ordinary employer contributions during 2023 for its defined benefit schemes, at an  average rate of 21% of pensionable pay, together with \u00a326 million of contributions paid via a salary sacrifice arrangement. For the Registered Pension Schemes the last actuarial valuation, agreed during the year with the Pension Trustees, was as at 31 March  2021. As at that date, the weighted average duration of the liabilities of the Registered Pension Schemes was 22 years and the technical  provisions deficit (funding basis) was \u00a3944 million. The Group committed to additional annual cash contributions to fund this pension  deficit. The overall deficit contributions, including the previously disclosed asset-backed contribution arrangements, totalled \u00a3175 million in  2021 (of which \u00a399 million was after 31 March 2021), and \u00a3204 million in 2022; and will amount to \u00a3175 million per annum from 2023 to  2025, with a balancing payment of \u00a3127 million in 2026. Separately, a pension strain payment of \u00a310 million associated with employee  redundancies was also contributed in 2022 (2021: \u00a3193 million).  On a pure roll-forward basis, from 31 March 2021, using the same methodology and consequent assumptions, the technical provisions  deficit (funding basis) would be c.\u00a3850 million on 31 December 2022. Note that the valuation methodology and assumptions used for  future assessments may differ from those previously used. In previous years, the Registered Pension Schemes also held a security package over the Group\u2019s equity shareholding in the Direct Energy  business, amounting to \u00a31,235 million, enforceable in the unlikely event the Group was unable to meet its obligations. In January 2021,  as part of the Direct Energy disposal, this security package was released by the Pension Trustees. In exchange, the Group provided  replacement security of \u00a3745 million of letters of credit and \u00a3250 million cash in escrow.  In October 2022, as part of the \u00a3400 million loan arrangement from Centrica plc to the Registered Pension Schemes (described in part (b)  above), this security was reduced by \u00a3545 million, so that only \u00a3450 million of letters of credit remained at the year-end. When this loan  is repaid, replacement security may be required (dependent on the funding position) and the form of security will be at the Group\u2019s  discretion. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDefinedBenefitPlansExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-528": {
   "value": "22.Post-retirement benefits The Group manages a number of final salary and career average defined benefit pension schemes. It also has defined  contribution schemes. The majority of these schemes are in the UK. (a)  Summary of main post-retirement benefit schemes Number of active  members as at 31 December 2022 Total membership as at 31 December 2022Name of scheme Type of benefit Status Country Centrica Engineers Defined benefit final salary pension Closed to new members in 2006 UK   1,615    8,433  Pension Scheme Defined benefit career average pension Closed to new members in 2022 UK   3,198    7,237  Centrica Pension Plan Defined benefit final salary pension Closed to new members in 2003 UK   1,471    8,441  Centrica Pension Scheme Defined benefit final salary pension Closed to new members in 2003 UK   1    10,197  Defined benefit career average pension Closed to new members in 2008 UK   750    4,191  Defined contribution pension Open to new members UK   10,243    20,789  Bord G\u00e1is Energy Company  Defined Benefit Pension Scheme Defined benefit final salary pension Closed to new members in 2014 Republic  of Ireland   94    170  Bord G\u00e1is Energy Company  Defined Contribution Pension Plan Defined contribution pension Open to new members Republic  of Ireland   270    392  The Centrica Engineers Pension Scheme (CEPS), Centrica Pension Plan (CPP) and Centrica Pension Scheme (CPS) form the significant  majority of the Group\u2019s defined benefit obligation and are referred to below as the \u2018Registered Pension Schemes\u2019. The other schemes are  individually, and in aggregate, immaterial. Independent valuations The Registered Pension Schemes are subject to independent valuations at least every three years, on the basis of which the qualified  actuary certifies the rate of employer contributions, which together with the specified contributions payable by the employees and  proceeds from the schemes\u2019 assets, are expected to be sufficient to fund the benefits payable under the schemes. The latest full actuarial valuations agreed and finalised with the Pension Trustees were carried out at the following dates: the Registered  Pension Schemes at 31 March 2021 and the Bord G\u00e1is Energy Company Defined Benefit Pension Scheme at 1 January 2020. For the  Registered Pension Schemes, the full actuarial valuation as at 31 March 2021 was agreed during the year. These valuations have been  updated to 31 December 2022 for the purpose of meeting the requirements of IAS 19. Investments held in all schemes have been valued  for this purpose at market value. Governance The Registered Pension Schemes are managed by trustee companies whose boards consist of both company-nominated and member- nominated Directors. Each scheme holds units in the Centrica Combined Common Investment Fund (CCCIF), which holds the majority of  the combined assets of the Registered Pension Schemes. The board of the CCCIF is currently comprised of nine directors: three  independent directors, three directors appointed by Centrica plc (including the Chairman) and one director appointed by each of the three  Registered Pension Schemes.  Under the terms of the Pensions Act 2004, Centrica plc and each trustee board must agree the funding rate for its defined benefit pension  scheme and a recovery plan to fund any deficit against the scheme-specific statutory funding objective. This approach was first adopted  for the triennial valuations completed at 31 March 2006, and has been reflected in subsequent valuations, including the 31 March 2021  valuation. 22.Post-retirement benefits (b) Risks The Registered Pension Schemes expose the Group to the following risks: Asset volatility The pension liabilities are calculated using a discount rate set with reference to AA corporate bond yields. If the growth in plan assets is  lower than this, this will create an actuarial loss within other equity. The CCCIF is responsible for managing the assets of each scheme in  line with the risk tolerances that have been set by the trustees of the schemes, and invests in a diversified portfolio of assets. The schemes  are relatively young in nature (the schemes\u2019 opened in 1997 on the formation of Centrica plc on demerger from BG plc (formerly British  Gas plc)), and only took on past service liabilities in respect of active employees.  The trustees significantly reduced their tolerance to scheme valuation risk in 2019, increasing inflation and interest rate hedges from one  third to two thirds, and further de-risked thereafter such that there was an 85% hedge level (in relation to assets) at 2021 year-end. This  de-risking included the use of collateralised gilt holdings in the Schemes\u2019 Liability-Driven Investment (LDI) portfolio (shown in the Pension  scheme asset table in section (f) of this note within Liability matching assets). Throughout 2022 and in particular during September, there were significant increases and volatility in gilt yields. This led to a significant fall  in the value of assets invested in the UK Registered Pension Schemes\u2019 Liability-Driven Investment (LDI) funds, thereby driving collateral  calls and temporarily reducing the hedge position. All liquid credit mandates were placed into redemption with proceeds directed to the  LDI portfolio to increase collateral and reduce leverage. In October 2022, the Group agreed to provide the Schemes with a \u00a3400 million two-year revolving, unsecured, interest bearing credit  facility, and a short-term \u00a3150 million loan. This money was immediately drawn down to purchase physical gilts to reduce the extent of  interest rate and inflation risk. The short-term loan was repaid in December 2022 and the remaining \u00a3400 million credit facility is scheduled  for repayment in 2024. At the 2022 year-end, the \u00a3400 million loan (together with unpaid interest) is recorded in Securities from a Centrica  plc Group perspective and as a reduction to scheme assets for the UK Registered Pension Schemes. At the 2022 year-end, the inflation and interest rate hedge level in relation to assets is around 92%. This has resulted in a reduction of  return-seeking assets within the portfolio, as well as a higher weighting to assets that better manage downside risk.  Interest rate A decrease in bond interest rates will increase the net present value of the pension liabilities. The relative immaturity of the schemes means  that the duration of the liabilities is longer than average for typical UK pension schemes, resulting in a relatively higher exposure to interest  rate risk. This risk is reduced via the hedging referred to in the Asset volatility section. Inflation Pensions in deferment, pensions in payment and pensions accrued under the career average schemes increase in line with the Retail  Prices Index (RPI) and the Consumer Prices Index (CPI). Therefore, scheme liabilities will increase if inflation is higher than assumed,  although in some cases caps are in place to limit the impact of significant movements in inflation. Furthermore, a pension increase  exchange (PIE) option implemented in 2015 is available to future retirees, which gives the choice to receive a higher initial pension in return  for giving up certain future increases linked to RPI, again limiting the impact of significant movements in inflation. Inflation risk is reduced  via the hedging referred to in the Asset volatility section. Longevity The majority of the schemes\u2019 obligations are to provide benefits for the life of scheme members and their surviving spouses; therefore  increases in life expectancy will result in an increase in the pension liabilities. The relative immaturity of the schemes means that there is  comparatively little observable mortality data to assess the rates of mortality experienced by the schemes, and means that the schemes\u2019  liabilities will be paid over a long period of time, making it particularly difficult to predict the life expectancy of the current membership.  Furthermore, pension payments are subject to inflationary increases, resulting in a higher sensitivity to changes in life expectancy.  Salary Pension liabilities are calculated by reference to the future salaries of active members, and hence salary rises in excess of assumed  increases will increase scheme liabilities. During 2011, changes were introduced to the final salary sections of CEPS and CPP such that  annual increases in pensionable pay are capped to 2%, resulting in a reduction in salary risk. During 2016, a salary cap on pensionable  pay for the CPS career average and CPP schemes was implemented, and in 2019 a similar change took place for CEPS. All of the 2011,  2016 and 2019 changes result in a reduction in salary risk.  Foreign exchange Certain assets held by the CCCIF are denominated in foreign currencies, and hence their values are subject to exchange rate risk.  The CCCIF has long-term hedging policies in place to manage interest rate, inflation and foreign exchange risks. The table below analyses the total liabilities of the Registered Pension Schemes, calculated in accordance with accounting principles,  by type of liability, as at 31 December 2022. 22.Post-retirement benefits Total liabilities of the Registered Pension Schemes 31 December  2022 % Actives \u2013 final salary \u2013 capped  11  Actives \u2013 final salary \u2013 uncapped and crystallised benefits  5  Actives \u2013 career average  4  Deferred pensioners  38  Pensioners  42   100  (c) Accounting assumptions The accounting assumptions for the Registered Pension Schemes are given below: Major assumptions used for the actuarial valuation  31 December  2022 % 2021 % Rate of increase in employee earnings: Subject to 2% cap   1.5    1.8  Other not subject to cap   2.9    2.6  Rate of increase in pensions in payment   3.3    3.1  Rate of increase in deferred pensions: In line with CPI capped at 2.5%   2.5    2.4  In line with RPI   3.0    3.1  Discount rate  4.7    1.8  The assumptions relating to longevity underlying the pension liabilities at the balance sheet date have been based on a combination of  standard actuarial mortality tables, scheme experience and other relevant data, and include an allowance for future improvements in  mortality. The longevity assumptions for members in normal health are as follows: Life expectancy at age 65 for a member 2022 2021 31 December  Male Years Female Years Male Years Female Years Currently aged 65   22.4    23.9    22.5    24.0  Currently aged 45   23.6    25.0    23.8    25.1  The other demographic assumptions have been set having regard to the latest trends in scheme experience and other relevant data. The  assumptions are reviewed and updated as necessary as part of the periodic actuarial valuations of the pension schemes. For the Registered Pension Schemes, marginal adjustments to the assumptions used to calculate the pension liability, or significant swings  in bond yields or stock markets, can have a large impact in absolute terms on the net assets of the Group. Reasonably possible changes  as at 31 December to one of the actuarial assumptions would have affected the scheme liabilities as set out below: Impact of changing material assumptions 2022 2021 31 December  Increase/  decrease in  assumption (i) Indicative  effect on  scheme  liabilities % Increase/  decrease in  assumption Indicative  effect on  scheme  liabilities % Rate of increase in employee earnings subject to 2% cap  1.00%  +1/-2  0.25%  +/-0 Rate of increase in pensions in payment and deferred pensions  1.00%  +14/-12  0.25%  +/-4 Discount rate  1.00%  -15/+19  0.25%  -/+5 Inflation assumption  1.00%  +15/-12  0.25%  +/-5 Longevity assumption 1 year +/-2 1 year +/-4 (i) 1% has been used for sensitivity analysis this year as opposed to 0.25% in the prior year, due to the quantum of market rate movements during the year which mean it is  considered that 1% is a more appropriate measure for 2022. The indicative effects on scheme liabilities have been calculated by changing each assumption in isolation and assessing the impact on  the liabilities. For the reasonably possible change in the inflation assumption, it has been assumed that a change to the inflation  assumption would lead to corresponding changes in the assumed rates of increase in uncapped pensionable pay, pensions in payment  and deferred pensions. The remaining disclosures in this note cover all of the Group\u2019s defined benefit schemes. 22.Post-retirement benefits (d) Amounts included in the Group Balance Sheet 31 December  2022 \u00a3m 2021 \u00a3m Fair value of plan assets   6,312    10,666  Present value of defined benefit obligation   (6,272)    (10,666)  Recognised in the Group Balance Sheet   40    \u2014  Presented in the Group Balance Sheet as: Retirement benefit assets   150    231  Retirement benefit liabilities   (110)    (231)  The Trust Deed and Rules for the Registered Pension Schemes provide the Group with a right to a refund of surplus assets assuming the  full settlement of scheme liabilities. No asset ceiling restrictions have been applied in the consolidated Financial Statements. (e) Movements in the year 2022 2021 Pension  liabilities \u00a3m Pension  assets \u00a3m Pension  liabilities \u00a3m Pension assets \u00a3m 1 January    (10,666)    10,666    (10,671)    10,070  Items included in the Group Income Statement: Current service cost   (84)    \u2014    (85)    \u2014  Contributions by employer in respect of employee salary sacrifice arrangements  (i)  (21)    \u2014    (20)    \u2014  Total current service cost   (105)    \u2014    (105)    \u2014  Past service credit   \u2014    \u2014    1    \u2014  Interest (expense)/income   (193)    196    (155)    150  Termination benefit   4    \u2014    52    \u2014  Items included in the Group Statement of Comprehensive Income: Returns on plan assets, excluding interest income   \u2014    (4,559)    \u2014    301  Actuarial gain/(loss) from changes to demographic assumptions   34    \u2014    (12)    \u2014  Actuarial gain from changes in financial assumptions   4,803    \u2014    123    \u2014  Actuarial loss from experience adjustments   (425)    \u2014    (194)    \u2014  Items included in the Group Cash Flow Statement: Employer contributions   \u2014    264    \u2014    420  Contributions by employer in respect of employee salary sacrifice arrangements   \u2014    21    \u2014    20  Other movements: Benefits paid from schemes   278    (278)    297    (297)  Other   (2)    2    (2)    2  31 December    (6,272)    6,312    (10,666)    10,666  (i) A salary sacrifice arrangement was introduced on 1 April 2013 for pension scheme members. The contributions paid via the salary sacrifice arrangement have been  treated as employer contributions and included within the current service cost, with a corresponding reduction in salary costs. In addition to current service cost on the Group\u2019s defined benefit pension schemes, the Group also charged \u00a366 million (2021: \u00a361 million)  to operating profit in respect of defined contribution pension schemes. This included contributions of \u00a320 million (2021: \u00a315 million) paid  via a salary sacrifice arrangement. 22.Post-retirement benefits (f)  Pension scheme assets The market values of plan assets were:  2022 2021 31 December  Quoted \u00a3m Unquoted \u00a3m Total \u00a3m Quoted  \u00a3m Unquoted  \u00a3m Total  \u00a3m Equities   19    486    505    20    462    482  Corporate bonds   24    \u2014    24    2,393    31    2,424  High-yield debt   106    1,331    1,437    2,720    1,197    3,917  Liability matching assets   2,835    1,343    4,178    1,963    1,356    3,319  Property   \u2014    366    366    \u2014    439    439  Cash pending investment   205    \u2014    205    85    \u2014    85  Loan and interest   \u2014    (403)    (403)    \u2014    \u2014    \u2014   3,189    3,123    6,312    7,181    3,485    10,666  Unquoted private equity, liability matching assets and debt funds are valued at fair value as calculated by the investment manager at the  latest valuation date in accordance with generally accepted guidelines, adjusted for cash flow in the intervening period. Investment  properties are valued in accordance with guidelines by independent valuers. These valuations are reviewed annually as part of the CCCIF  audit and receive greater scrutiny now that unquoted assets make up a greater proportion of the scheme portfolio. Included within equities  are \u00a3nil of ordinary shares of Centrica plc (2021: \u00a3nil) via pooled funds that include a benchmark allocation to UK equities. Included within  corporate bonds are \u00a3nil (2021: \u00a3nil) of bonds issued by Centrica plc, albeit minor exposure may be held within pooled funds over which  the CCCIF has no ability to direct investment decisions. Apart from the investment in the Scottish Limited Partnerships which form part of  the asset-backed contribution arrangements described in section (g) of this note, no direct investments are made in securities issued by  Centrica plc or any of its subsidiaries or property leased to or owned by Centrica plc or any of its subsidiaries. The corporate bond, high- yield debt and liability matching asset categories headings above have segregated portfolio mandates which include the cash, cash funds  and derivatives associated with the mandates. At 31 December 2021 the aggregate gilts portfolio, the quoted element of the Liability matching assets line, was approximately 3 times  leveraged (1 times being unleveraged). At 31 December 2022 the aggregate gilts portfolio was significantly less exposed to collateral  movements, at approximately 1.3 times leveraged. Included within the Group Balance Sheet within non-current securities are \u00a395 million (2021: \u00a3111 million) of investments, held in trust on  behalf of the Group, as security in respect of the Centrica Unfunded Pension Scheme. Of the pension scheme liabilities above, \u00a349 million  (2021: \u00a366 million) relate to this scheme. More information on the Centrica Unapproved Pension Scheme is included in the Remuneration  Report on pages 84 to 103. (g) Pension scheme contributions The Group estimates that it will pay \u00a354 million of ordinary employer contributions during 2023 for its defined benefit schemes, at an  average rate of 21% of pensionable pay, together with \u00a326 million of contributions paid via a salary sacrifice arrangement. For the Registered Pension Schemes the last actuarial valuation, agreed during the year with the Pension Trustees, was as at 31 March  2021. As at that date, the weighted average duration of the liabilities of the Registered Pension Schemes was 22 years and the technical  provisions deficit (funding basis) was \u00a3944 million. The Group committed to additional annual cash contributions to fund this pension  deficit. The overall deficit contributions, including the previously disclosed asset-backed contribution arrangements, totalled \u00a3175 million in  2021 (of which \u00a399 million was after 31 March 2021), and \u00a3204 million in 2022; and will amount to \u00a3175 million per annum from 2023 to  2025, with a balancing payment of \u00a3127 million in 2026. Separately, a pension strain payment of \u00a310 million associated with employee  redundancies was also contributed in 2022 (2021: \u00a3193 million).  On a pure roll-forward basis, from 31 March 2021, using the same methodology and consequent assumptions, the technical provisions  deficit (funding basis) would be c.\u00a3850 million on 31 December 2022. Note that the valuation methodology and assumptions used for  future assessments may differ from those previously used. In previous years, the Registered Pension Schemes also held a security package over the Group\u2019s equity shareholding in the Direct Energy  business, amounting to \u00a31,235 million, enforceable in the unlikely event the Group was unable to meet its obligations. In January 2021,  as part of the Direct Energy disposal, this security package was released by the Pension Trustees. In exchange, the Group provided  replacement security of \u00a3745 million of letters of credit and \u00a3250 million cash in escrow.  In October 2022, as part of the \u00a3400 million loan arrangement from Centrica plc to the Registered Pension Schemes (described in part (b)  above), this security was reduced by \u00a3545 million, so that only \u00a3450 million of letters of credit remained at the year-end. When this loan  is repaid, replacement security may be required (dependent on the funding position) and the form of security will be at the Group\u2019s  discretion. ",
   "dimensions": {
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    "entity": "scheme:E26EDV109X6EEPBKVH76",
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  },
  "fact-553": {
   "value": "(c) Accounting assumptions The accounting assumptions for the Registered Pension Schemes are given below: Major assumptions used for the actuarial valuation  31 December  2022 % 2021 % Rate of increase in employee earnings: Subject to 2% cap   1.5    1.8  Other not subject to cap   2.9    2.6  Rate of increase in pensions in payment   3.3    3.1  Rate of increase in deferred pensions: In line with CPI capped at 2.5%   2.5    2.4  In line with RPI   3.0    3.1  Discount rate  4.7    1.8  The assumptions relating to longevity underlying the pension liabilities at the balance sheet date have been based on a combination of  standard actuarial mortality tables, scheme experience and other relevant data, and include an allowance for future improvements in  mortality. The longevity assumptions for members in normal health are as follows: Life expectancy at age 65 for a member 2022 2021 31 December  Male Years Female Years Male Years Female Years Currently aged 65   22.4    23.9    22.5    24.0  Currently aged 45   23.6    25.0    23.8    25.1  The other demographic assumptions have been set having regard to the latest trends in scheme experience and other relevant data. The  assumptions are reviewed and updated as necessary as part of the periodic actuarial valuations of the pension schemes. For the Registered Pension Schemes, marginal adjustments to the assumptions used to calculate the pension liability, or significant swings  in bond yields or stock markets, can have a large impact in absolute terms on the net assets of the Group. Reasonably possible changes  as at 31 December to one of the actuarial assumptions would have affected the scheme liabilities as set out below: Impact of changing material assumptions 2022 2021 31 December  Increase/  decrease in  assumption (i) Indicative  effect on  scheme  liabilities % Increase/  decrease in  assumption Indicative  effect on  scheme  liabilities % Rate of increase in employee earnings subject to 2% cap  1.00%  +1/-2  0.25%  +/-0 Rate of increase in pensions in payment and deferred pensions  1.00%  +14/-12  0.25%  +/-4 Discount rate  1.00%  -15/+19  0.25%  -/+5 Inflation assumption  1.00%  +15/-12  0.25%  +/-5 Longevity assumption 1 year +/-2 1 year +/-4 (i) 1% has been used for sensitivity analysis this year as opposed to 0.25% in the prior year, due to the quantum of market rate movements during the year which mean it is  considered that 1% is a more appropriate measure for 2022. The indicative effects on scheme liabilities have been calculated by changing each assumption in isolation and assessing the impact on  the liabilities. For the reasonably possible change in the inflation assumption, it has been assumed that a change to the inflation  assumption would lead to corresponding changes in the assumed rates of increase in uncapped pensionable pay, pensions in payment  and deferred pensions. The remaining disclosures in this note cover all of the Group\u2019s defined benefit schemes. ",
   "dimensions": {
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  },
  "fact-555": {
   "value": "(d) Amounts included in the Group Balance Sheet 31 December  2022 \u00a3m 2021 \u00a3m Fair value of plan assets   6,312    10,666  Present value of defined benefit obligation   (6,272)    (10,666)  Recognised in the Group Balance Sheet   40    \u2014  Presented in the Group Balance Sheet as: Retirement benefit assets   150    231  Retirement benefit liabilities   (110)    (231)  The Trust Deed and Rules for the Registered Pension Schemes provide the Group with a right to a refund of surplus assets assuming the  full settlement of scheme liabilities. No asset ceiling restrictions have been applied in the consolidated Financial Statements. (e) Movements in the year 2022 2021 Pension  liabilities \u00a3m Pension  assets \u00a3m Pension  liabilities \u00a3m Pension assets \u00a3m 1 January    (10,666)    10,666    (10,671)    10,070  Items included in the Group Income Statement: Current service cost   (84)    \u2014    (85)    \u2014  Contributions by employer in respect of employee salary sacrifice arrangements  (i)  (21)    \u2014    (20)    \u2014  Total current service cost   (105)    \u2014    (105)    \u2014  Past service credit   \u2014    \u2014    1    \u2014  Interest (expense)/income   (193)    196    (155)    150  Termination benefit   4    \u2014    52    \u2014  Items included in the Group Statement of Comprehensive Income: Returns on plan assets, excluding interest income   \u2014    (4,559)    \u2014    301  Actuarial gain/(loss) from changes to demographic assumptions   34    \u2014    (12)    \u2014  Actuarial gain from changes in financial assumptions   4,803    \u2014    123    \u2014  Actuarial loss from experience adjustments   (425)    \u2014    (194)    \u2014  Items included in the Group Cash Flow Statement: Employer contributions   \u2014    264    \u2014    420  Contributions by employer in respect of employee salary sacrifice arrangements   \u2014    21    \u2014    20  Other movements: Benefits paid from schemes   278    (278)    297    (297)  Other   (2)    2    (2)    2  31 December    (6,272)    6,312    (10,666)    10,666  (i) A salary sacrifice arrangement was introduced on 1 April 2013 for pension scheme members. The contributions paid via the salary sacrifice arrangement have been  treated as employer contributions and included within the current service cost, with a corresponding reduction in salary costs. In addition to current service cost on the Group\u2019s defined benefit pension schemes, the Group also charged \u00a366 million (2021: \u00a361 million)  to operating profit in respect of defined contribution pension schemes. This included contributions of \u00a320 million (2021: \u00a315 million) paid  via a salary sacrifice arrangement. (f)  Pension scheme assets The market values of plan assets were:  2022 2021 31 December  Quoted \u00a3m Unquoted \u00a3m Total \u00a3m Quoted  \u00a3m Unquoted  \u00a3m Total  \u00a3m Equities   19    486    505    20    462    482  Corporate bonds   24    \u2014    24    2,393    31    2,424  High-yield debt   106    1,331    1,437    2,720    1,197    3,917  Liability matching assets   2,835    1,343    4,178    1,963    1,356    3,319  Property   \u2014    366    366    \u2014    439    439  Cash pending investment   205    \u2014    205    85    \u2014    85  Loan and interest   \u2014    (403)    (403)    \u2014    \u2014    \u2014   3,189    3,123    6,312    7,181    3,485    10,666  Unquoted private equity, liability matching assets and debt funds are valued at fair value as calculated by the investment manager at the  latest valuation date in accordance with generally accepted guidelines, adjusted for cash flow in the intervening period. Investment  properties are valued in accordance with guidelines by independent valuers. These valuations are reviewed annually as part of the CCCIF  audit and receive greater scrutiny now that unquoted assets make up a greater proportion of the scheme portfolio. Included within equities  are \u00a3nil of ordinary shares of Centrica plc (2021: \u00a3nil) via pooled funds that include a benchmark allocation to UK equities. Included within  corporate bonds are \u00a3nil (2021: \u00a3nil) of bonds issued by Centrica plc, albeit minor exposure may be held within pooled funds over which  the CCCIF has no ability to direct investment decisions. Apart from the investment in the Scottish Limited Partnerships which form part of  the asset-backed contribution arrangements described in section (g) of this note, no direct investments are made in securities issued by  Centrica plc or any of its subsidiaries or property leased to or owned by Centrica plc or any of its subsidiaries. The corporate bond, high- yield debt and liability matching asset categories headings above have segregated portfolio mandates which include the cash, cash funds  and derivatives associated with the mandates. At 31 December 2021 the aggregate gilts portfolio, the quoted element of the Liability matching assets line, was approximately 3 times  leveraged (1 times being unleveraged). At 31 December 2022 the aggregate gilts portfolio was significantly less exposed to collateral  movements, at approximately 1.3 times leveraged. Included within the Group Balance Sheet within non-current securities are \u00a395 million (2021: \u00a3111 million) of investments, held in trust on  behalf of the Group, as security in respect of the Centrica Unfunded Pension Scheme. Of the pension scheme liabilities above, \u00a349 million  (2021: \u00a366 million) relate to this scheme. More information on the Centrica Unapproved Pension Scheme is included in the Remuneration  Report on pages 84 to 103. ",
   "dimensions": {
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    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
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  },
  "fact-554": {
   "value": "(d) Amounts included in the Group Balance Sheet 31 December  2022 \u00a3m 2021 \u00a3m Fair value of plan assets   6,312    10,666  Present value of defined benefit obligation   (6,272)    (10,666)  Recognised in the Group Balance Sheet   40    \u2014  Presented in the Group Balance Sheet as: Retirement benefit assets   150    231  Retirement benefit liabilities   (110)    (231)  The Trust Deed and Rules for the Registered Pension Schemes provide the Group with a right to a refund of surplus assets assuming the  full settlement of scheme liabilities. No asset ceiling restrictions have been applied in the consolidated Financial Statements. (e) Movements in the year 2022 2021 Pension  liabilities \u00a3m Pension  assets \u00a3m Pension  liabilities \u00a3m Pension assets \u00a3m 1 January    (10,666)    10,666    (10,671)    10,070  Items included in the Group Income Statement: Current service cost   (84)    \u2014    (85)    \u2014  Contributions by employer in respect of employee salary sacrifice arrangements  (i)  (21)    \u2014    (20)    \u2014  Total current service cost   (105)    \u2014    (105)    \u2014  Past service credit   \u2014    \u2014    1    \u2014  Interest (expense)/income   (193)    196    (155)    150  Termination benefit   4    \u2014    52    \u2014  Items included in the Group Statement of Comprehensive Income: Returns on plan assets, excluding interest income   \u2014    (4,559)    \u2014    301  Actuarial gain/(loss) from changes to demographic assumptions   34    \u2014    (12)    \u2014  Actuarial gain from changes in financial assumptions   4,803    \u2014    123    \u2014  Actuarial loss from experience adjustments   (425)    \u2014    (194)    \u2014  Items included in the Group Cash Flow Statement: Employer contributions   \u2014    264    \u2014    420  Contributions by employer in respect of employee salary sacrifice arrangements   \u2014    21    \u2014    20  Other movements: Benefits paid from schemes   278    (278)    297    (297)  Other   (2)    2    (2)    2  31 December    (6,272)    6,312    (10,666)    10,666  (i) A salary sacrifice arrangement was introduced on 1 April 2013 for pension scheme members. The contributions paid via the salary sacrifice arrangement have been  treated as employer contributions and included within the current service cost, with a corresponding reduction in salary costs. In addition to current service cost on the Group\u2019s defined benefit pension schemes, the Group also charged \u00a366 million (2021: \u00a361 million)  to operating profit in respect of defined contribution pension schemes. This included contributions of \u00a320 million (2021: \u00a315 million) paid  via a salary sacrifice arrangement. (f)  Pension scheme assets The market values of plan assets were:  2022 2021 31 December  Quoted \u00a3m Unquoted \u00a3m Total \u00a3m Quoted  \u00a3m Unquoted  \u00a3m Total  \u00a3m Equities   19    486    505    20    462    482  Corporate bonds   24    \u2014    24    2,393    31    2,424  High-yield debt   106    1,331    1,437    2,720    1,197    3,917  Liability matching assets   2,835    1,343    4,178    1,963    1,356    3,319  Property   \u2014    366    366    \u2014    439    439  Cash pending investment   205    \u2014    205    85    \u2014    85  Loan and interest   \u2014    (403)    (403)    \u2014    \u2014    \u2014   3,189    3,123    6,312    7,181    3,485    10,666  Unquoted private equity, liability matching assets and debt funds are valued at fair value as calculated by the investment manager at the  latest valuation date in accordance with generally accepted guidelines, adjusted for cash flow in the intervening period. Investment  properties are valued in accordance with guidelines by independent valuers. These valuations are reviewed annually as part of the CCCIF  audit and receive greater scrutiny now that unquoted assets make up a greater proportion of the scheme portfolio. Included within equities  are \u00a3nil of ordinary shares of Centrica plc (2021: \u00a3nil) via pooled funds that include a benchmark allocation to UK equities. Included within  corporate bonds are \u00a3nil (2021: \u00a3nil) of bonds issued by Centrica plc, albeit minor exposure may be held within pooled funds over which  the CCCIF has no ability to direct investment decisions. Apart from the investment in the Scottish Limited Partnerships which form part of  the asset-backed contribution arrangements described in section (g) of this note, no direct investments are made in securities issued by  Centrica plc or any of its subsidiaries or property leased to or owned by Centrica plc or any of its subsidiaries. The corporate bond, high- yield debt and liability matching asset categories headings above have segregated portfolio mandates which include the cash, cash funds  and derivatives associated with the mandates. At 31 December 2021 the aggregate gilts portfolio, the quoted element of the Liability matching assets line, was approximately 3 times  leveraged (1 times being unleveraged). At 31 December 2022 the aggregate gilts portfolio was significantly less exposed to collateral  movements, at approximately 1.3 times leveraged. Included within the Group Balance Sheet within non-current securities are \u00a395 million (2021: \u00a3111 million) of investments, held in trust on  behalf of the Group, as security in respect of the Centrica Unfunded Pension Scheme. Of the pension scheme liabilities above, \u00a349 million  (2021: \u00a366 million) relate to this scheme. More information on the Centrica Unapproved Pension Scheme is included in the Remuneration  Report on pages 84 to 103. ",
   "dimensions": {
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    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-477": {
   "value": "<div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:739.4981px;\">23.<span class=\"_ _13e\"> </span>Leases, commitments and contingencies<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:720.5961px;\">(a)<span class=\"_ _107\"> </span>Commitments and leases<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:691.2031px;\">Commitments are not held on the Group\u2019s Balance Sheet as these are executory arrangements, and relate to amounts<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:677.9431px;\">that we are contractually required to pay in the future as long as the other party meets its contractual obligations.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:648.4201px;\">The Group\u2019s commitments in relation to commodity purchase contracts disclosed below are stated net of amounts receivable under<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:635.16016px;\">commodity sales contracts where there is a right of offset with the counterparty, and are based on the expected minimum quantities of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:621.9001px;\">gas and other commodities that the Group is contracted to buy at estimated future prices.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:604.7401px;\">The commitments in this note differ in scope and in basis from the maturity analysis of energy derivatives disclosed in note S3, as only<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:591.4801px;\">certain procurement and sales contracts are within the scope of IFRS 9 and included in note S3 and the volumes used in calculating the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:578.2201px;\">maturity analysis in note S3 are estimated using valuation techniques, rather than being based on minimum contractual quantities.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:561.0602px;\">The Group\u2019s 20-year agreement with Cheniere to purchase 89bcf per annum of LNG volumes for export from the Sabine Pass liquefaction<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:547.80005px;\">plant in the US commits the Group to capacity payments of \u00a33.6 billion (included in \u2018LNG capacity\u2019 below) between 2022 and 2039. It also<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:534.5401px;\">allows the Group to make up to \u00a36.0 billion of commodity purchases based on market gas prices and foreign exchange rates as at the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:521.2801px;\">balance sheet date.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:504.12012px;\">During 2019, the Group signed a 20-year agreement to purchase LNG volumes from Mozambique LNG1 Company. The commercial start<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:490.8601px;\">date is 2025 and under this agreement the Group is committed to make commodity purchases expected to amount to \u00a38.0 billion based<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:477.6001px;\">on market gas and oil prices at the reporting date.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:460.44012px;\">These LNG contracts are deemed to be own use and therefore are accounted for on an accruals basis. Based on forecast gas spreads,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:447.1801px;\">they are predicted to be profitable but due to their duration are exposed over a long period of time to the impact of climate change<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:433.9201px;\">governmental policy decisions.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:416.76013px;\">The Group has numerous renewable power purchase arrangements where renewable obligation certificates are purchased as power is<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:403.50012px;\">produced. This gives rise to the commitments below.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:357.83112px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:572.51605px; bottom:367.1911px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:577.09424px; bottom:357.83112px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:367.1911px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:357.83112px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:342.7901px;\">Commitments in relation to the acquisition of PP&amp;E<span class=\"_ _224\"> </span><span class=\"fcf\"> <span class=\"_ _9a\"> </span>75 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _104\"> </span>255<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:327.19012px;\">Commitments in relation to the acquisition of intangible assets:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:311.59012px;\">Renewable obligation certificates<span class=\"_ _225\"> </span><span class=\"ff66\"> <span class=\"_ _1f1\"> </span>3,642 <span class=\"_ _141\"> </span></span> <span class=\"_ _81\"> </span>3,289<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:295.99014px;\">Other intangible assets<span class=\"_ _226\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>194 <span class=\"_ _141\"> </span></span> <span class=\"_ _104\"> </span>250<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:280.39014px;\">Other commitments:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:264.79013px;\">Commodity purchase contracts<span class=\"_ _227\"> </span><span class=\"ff66\"> <span class=\"_ _7b\"> </span>69,824 <span class=\"_ _141\"> </span></span> <span class=\"_ _61\"> </span>44,443<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:249.19012px;\">LNG capacity<span class=\"_ _228\"> </span><span class=\"ff66\"> <span class=\"_ _1f1\"> </span>3,894 <span class=\"_ _141\"> </span></span> <span class=\"_ _81\"> </span>3,892<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:233.59012px;\">Transportation capacity<span class=\"_ _229\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>320 <span class=\"_ _141\"> </span></span> <span class=\"_ _104\"> </span>292<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:217.99014px;\">Other long-term commitments<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:134.62912px; bottom:221.47089px;\">(i)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:533.404px; bottom:217.99014px;\"> <span class=\"_ _b4\"> </span>459 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _104\"> </span>526<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:200.7261px;\">(i)<span class=\"_ _1b7\"> </span>Other long-term commitments include amounts in respect of executory contracts and the smart meter roll-out programme.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:177.04013px;\">The maturity analysis for commodity purchase contract commitments at 31 December is given below:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:448.0607px; bottom:157.30615px;\">Commodity purchase contract commitments<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:441.04123px; bottom:143.26608px;\">Fixed price</div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:415.00974px; bottom:133.90616px;\"> commodity commitments<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:547.4924px; bottom:143.26608px;\">Commodity commitments</div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:553.69727px; bottom:133.90616px;\"> that float with indices<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:110.506134px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:439.99237px; bottom:119.86609px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:430.46063px; bottom:110.506134px;\">\u00a3billion<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:502.20728px; bottom:119.86609px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:494.50787px; bottom:110.506134px;\">\u00a3billion<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:572.51605px; bottom:119.86609px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:562.8763px; bottom:110.506134px;\">\u00a3billion<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:119.86609px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:627.06537px; bottom:110.506134px;\">\u00a3billion<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:95.46512px;\">&lt;1 year<span class=\"_ _22a\"> </span><span class=\"ff66\"> <span class=\"_ _30\"> </span>13.0 <span class=\"_ _141\"> </span></span> <span class=\"_ _31\"> </span>6.8 <span class=\"_ _a9\"> </span><span class=\"ff66\"> <span class=\"_ _26\"> </span>15.4 <span class=\"_ _141\"> </span></span> <span class=\"_ _22\"> </span>9.2<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:79.86513px;\">1\u20132 years<span class=\"_ _22b\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>2.3 <span class=\"_ _9e\"> </span></span> <span class=\"_ _22\"> </span>1.5 <span class=\"_ _a9\"> </span><span class=\"ff66\"> <span class=\"_ _26\"> </span>10.9 <span class=\"_ _141\"> </span></span> <span class=\"_ _31\"> </span>7.3<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:64.26514px;\">2\u20133 years<span class=\"_ _22b\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>0.9 <span class=\"_ _9e\"> </span></span> <span class=\"_ _22\"> </span>0.3 <span class=\"_ _a9\"> </span><span class=\"ff66\"> <span class=\"_ _22\"> </span>7.5 <span class=\"_ _141\"> </span></span> <span class=\"_ _31\"> </span>4.4<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:48.66513px;\">3\u20134 years<span class=\"_ _22b\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>0.1 <span class=\"_ _9e\"> </span></span> <span class=\"_ _22\"> </span>0.1 <span class=\"_ _a9\"> </span><span class=\"ff66\"> <span class=\"_ _22\"> </span>2.3 <span class=\"_ _141\"> </span></span> <span class=\"_ _31\"> </span>3.1<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:33.065125px;\">4\u20135 years<span class=\"_ _22b\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span></span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _a9\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>1.8 <span class=\"_ _141\"> </span></span> <span class=\"_ _31\"> </span>1.3<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:17.465134px;\">&gt;5 years<span class=\"_ _22c\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>0.1 <span class=\"_ _9e\"> </span></span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _a9\"> </span><span class=\"ff66\"> <span class=\"_ _30\"> </span>15.5 <span class=\"_ _141\"> </span></span> <span class=\"_ _2c\"> </span>10.4 </div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:402.38077px; bottom:1.8651276px;\"> <span class=\"_ _30\"> </span>16.4 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>8.7 <span class=\"_ _a9\"> </span></span> <span class=\"_ _26\"> </span>53.4 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _26\"> </span>35.7<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:468.97583px;\">23.<span class=\"_ _13e\"> </span>Leases, commitments and contingencies<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:448.7478px;\">The Group enters into lease arrangements for assets including property, vehicles, vessels and assets used within the exploration and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:435.4879px;\">production business.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:418.32782px;\">The carrying amount, additions and depreciation charge associated with right-of-use assets is disclosed in note 13 and the interest<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:405.06787px;\">expense arising on the Group\u2019s lease liability is disclosed in note 8. The total Group cash outflow in the year for capital and interest from<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:391.80786px;\">lease arrangements was \u00a3107 million (2021: \u00a3203 million), and the maturity analysis of cash flows associated with the Group\u2019s leas<span class=\"_ _1\"></span>e<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:378.54785px;\">liability at the reporting date is shown in note S3.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:361.38788px;\">The table below provides further information on amounts not included in the lease liability and charged to the Group Income Statement<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:348.1278px;\">during the year.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:319.6189px;\">Year ended 31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:572.51605px; bottom:328.97882px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:577.09424px; bottom:319.6189px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:328.97882px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:319.6189px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:304.57782px;\">Expense related to short-term leases<span class=\"_ _22d\"> </span><span class=\"ff66\"> <span class=\"_ _9a\"> </span>82 <span class=\"_ _141\"> </span></span> <span class=\"_ _21\"> </span>9<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:288.97778px;\">Expense related to variable lease payments<span class=\"_ _22e\"> </span><span class=\"ff66\"> <span class=\"_ _4d\"> </span>9 <span class=\"_ _141\"> </span></span> <span class=\"_ _2a\"> </span>26<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:262.06787px;\">During the year, the Group\u2019s expense related to short-term lease commitments predominantly related to the hire of LNG vessels and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:248.80786px;\">exploration and production drilling rigs. The commitment at the balance sheet date also relates to assets of a similar nature. The Group<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:235.54785px;\">has \u00a317 million operating sub-lease arrangements mainly for LNG vessels. The Group does not have any material arrangements in which it<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:222.28784px;\">acts as a lessor.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:200.77283px;\">(b)<span class=\"_ _12\"> </span>Guarantees and indemnities<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:168.61084px;\">This section discloses any guarantees and indemnities that the Group has given, where we may have to provide<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:155.35083px;\">security in the future against existing and future obligations that will remain for a specific period.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:129.72784px;\">In connection with the Group\u2019s energy trading, transportation and upstream activities, certain Group companies have entered into<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:116.467834px;\">contracts under which they may be required to prepay, provide credit support or provide other collateral in the event of a significant<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:103.207825px;\">deterioration in creditworthiness. The extent of credit support is contingent upon the balance owing to the third party at the point of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:89.947815px;\">deterioration.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:72.78784px;\">As at 31 December 2022, \u00a384 million (2021: \u00a3525 million) of letters of credit and on-demand payment b<span class=\"_ _1\"></span>onds have been issued in respect<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:59.527832px;\">of decommissioning obligations included in the Group Balance Sheet<span class=\"_ _1\"></span>. The reduction is predominantly as a result of the disposal of the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:46.267853px;\">Norwegian and Statfjord fields - see note 12.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:24.752838px;\">(c)<span class=\"_ _107\"> </span>Contingent liabilities<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.132843px;\">The Group has no material contingent liabilities.<span class=\"_ _2b7\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-529": {
   "value": "23.<span class=\"_ _13e\"> </span>Leases, commitments and contingencies<span class=\"_ _2b7\"> </span>(a)<span class=\"_ _107\"> </span>Commitments and leases<span class=\"_ _2b7\"> </span>Commitments are not held on the Group\u2019s Balance Sheet as these are executory arrangements, and relate to amounts<span class=\"_ _2b7\"> </span> that we are contractually required to pay in the future as long as the other party meets its contractual obligations.<span class=\"_ _2b7\"> </span>The Group\u2019s commitments in relation to commodity purchase contracts disclosed below are stated net of amounts receivable under<span class=\"_ _2b7\"> </span> commodity sales contracts where there is a right of offset with the counterparty, and are based on the expected minimum quantities of<span class=\"_ _2b7\"> </span> gas and other commodities that the Group is contracted to buy at estimated future prices.<span class=\"_ _2b7\"> </span>The commitments in this note differ in scope and in basis from the maturity analysis of energy derivatives disclosed in note S3, as only<span class=\"_ _2b7\"> </span> certain procurement and sales contracts are within the scope of IFRS 9 and included in note S3 and the volumes used in calculating the<span class=\"_ _2b7\"> </span> maturity analysis in note S3 are estimated using valuation techniques, rather than being based on minimum contractual quantities.<span class=\"_ _2b7\"> </span> The Group\u2019s 20-year agreement with Cheniere to purchase 89bcf per annum of LNG volumes for export from the Sabine Pass liquefaction<span class=\"_ _2b7\"> </span> plant in the US commits the Group to capacity payments of \u00a33.6 billion (included in \u2018LNG capacity\u2019 below) between 2022 and 2039. It also<span class=\"_ _2b7\"> </span> allows the Group to make up to \u00a36.0 billion of commodity purchases based on market gas prices and foreign exchange rates as at the<span class=\"_ _2b7\"> </span> balance sheet date.<span class=\"_ _2b7\"> </span> During 2019, the Group signed a 20-year agreement to purchase LNG volumes from Mozambique LNG1 Company. The commercial start<span class=\"_ _2b7\"> </span> date is 2025 and under this agreement the Group is committed to make commodity purchases expected to amount to \u00a38.0 billion based<span class=\"_ _2b7\"> </span> on market gas and oil prices at the reporting date.<span class=\"_ _2b7\"> </span>These LNG contracts are deemed to be own use and therefore are accounted for on an accruals basis. Based on forecast gas spreads,<span class=\"_ _2b7\"> </span> they are predicted to be profitable but due to their duration are exposed over a long period of time to the impact of climate change<span class=\"_ _2b7\"> </span> governmental policy decisions.<span class=\"_ _2b7\"> </span>The Group has numerous renewable power purchase arrangements where renewable obligation certificates are purchased as power is<span class=\"_ _2b7\"> </span> produced. This gives rise to the commitments below.<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span> 2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Commitments in relation to the acquisition of PP&amp;E<span class=\"_ _224\"> </span><span class=\"fcf\"> <span class=\"_ _9a\"> </span>75 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _104\"> </span>255<span class=\"_ _2b7\"> </span></span></span><span class=\"fcf\"><span class=\"ff6b\"> </span></span>Commitments in relation to the acquisition of intangible assets:<span class=\"_ _2b7\"> </span>Renewable obligation certificates<span class=\"_ _225\"> </span><span class=\"ff66\"> <span class=\"_ _1f1\"> </span>3,642 <span class=\"_ _141\"> </span></span> <span class=\"_ _81\"> </span>3,289<span class=\"_ _2b7\"> </span> Other intangible assets<span class=\"_ _226\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>194 <span class=\"_ _141\"> </span></span> <span class=\"_ _104\"> </span>250<span class=\"_ _2b7\"> </span> Other commitments:<span class=\"_ _2b7\"> </span>Commodity purchase contracts<span class=\"_ _227\"> </span><span class=\"ff66\"> <span class=\"_ _7b\"> </span>69,824 <span class=\"_ _141\"> </span></span> <span class=\"_ _61\"> </span>44,443<span class=\"_ _2b7\"> </span> LNG capacity<span class=\"_ _228\"> </span><span class=\"ff66\"> <span class=\"_ _1f1\"> </span>3,894 <span class=\"_ _141\"> </span></span> <span class=\"_ _81\"> </span>3,892<span class=\"_ _2b7\"> </span> Transportation capacity<span class=\"_ _229\"> </span><span class=\"ff66\"> <span class=\"_ _b4\"> </span>320 <span class=\"_ _141\"> </span></span> <span class=\"_ _104\"> </span>292<span class=\"_ _2b7\"> </span> Other long-term commitments<span class=\"_ _2b7\"> </span> (i) <span class=\"_ _b4\"> </span>459 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _104\"> </span>526<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span>(i)<span class=\"_ _1b7\"> </span>Other long-term commitments include amounts in respect of executory contracts and the smart meter roll-out programme.<span class=\"_ _2b7\"> </span>The maturity analysis for commodity purchase contract commitments at 31 December is given below:<span class=\"_ _2b7\"> </span>Commodity purchase contract commitments<span class=\"_ _2b7\"> </span>Fixed price commodity commitments<span class=\"_ _2b7\"> </span>Commodity commitments that float with indices<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span> 2022<span class=\"_ _2b7\"> </span>\u00a3billion<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3billion<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>\u00a3billion<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3billion<span class=\"_ _2b7\"> </span>&lt;1 year<span class=\"_ _22a\"> </span><span class=\"ff66\"> <span class=\"_ _30\"> </span>13.0 <span class=\"_ _141\"> </span></span> <span class=\"_ _31\"> </span>6.8 <span class=\"_ _a9\"> </span><span class=\"ff66\"> <span class=\"_ _26\"> </span>15.4 <span class=\"_ _141\"> </span></span> <span class=\"_ _22\"> </span>9.2<span class=\"_ _2b7\"> </span> 1\u20132 years<span class=\"_ _22b\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>2.3 <span class=\"_ _9e\"> </span></span> <span class=\"_ _22\"> </span>1.5 <span class=\"_ _a9\"> </span><span class=\"ff66\"> <span class=\"_ _26\"> </span>10.9 <span class=\"_ _141\"> </span></span> <span class=\"_ _31\"> </span>7.3<span class=\"_ _2b7\"> </span> 2\u20133 years<span class=\"_ _22b\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>0.9 <span class=\"_ _9e\"> </span></span> <span class=\"_ _22\"> </span>0.3 <span class=\"_ _a9\"> </span><span class=\"ff66\"> <span class=\"_ _22\"> </span>7.5 <span class=\"_ _141\"> </span></span> <span class=\"_ _31\"> </span>4.4<span class=\"_ _2b7\"> </span> 3\u20134 years<span class=\"_ _22b\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>0.1 <span class=\"_ _9e\"> </span></span> <span class=\"_ _22\"> </span>0.1 <span class=\"_ _a9\"> </span><span class=\"ff66\"> <span class=\"_ _22\"> </span>2.3 <span class=\"_ _141\"> </span></span> <span class=\"_ _31\"> </span>3.1<span class=\"_ _2b7\"> </span> 4\u20135 years<span class=\"_ _22b\"> </span><span class=\"ff66\"> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span></span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _a9\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>1.8 <span class=\"_ _141\"> </span></span> <span class=\"_ _31\"> </span>1.3<span class=\"_ _2b7\"> </span> &gt;5 years<span class=\"_ _22c\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>0.1 <span class=\"_ _9e\"> </span></span> <span class=\"_ _51\"> </span>\u2014 <span class=\"_ _a9\"> </span><span class=\"ff66\"> <span class=\"_ _30\"> </span>15.5 <span class=\"_ _141\"> </span></span> <span class=\"_ _2c\"> </span>10.4  <span class=\"_ _30\"> </span>16.4 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _31\"> </span>8.7 <span class=\"_ _a9\"> </span></span> <span class=\"_ _26\"> </span>53.4 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _26\"> </span>35.7<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span>23.<span class=\"_ _13e\"> </span>Leases, commitments and contingencies<span class=\"_ _2b7\"> </span>The Group enters into lease arrangements for assets including property, vehicles, vessels and assets used within the exploration and<span class=\"_ _2b7\"> </span> production business.<span class=\"_ _2b7\"> </span> The carrying amount, additions and depreciation charge associated with right-of-use assets is disclosed in note 13 and the interest<span class=\"_ _2b7\"> </span> expense arising on the Group\u2019s lease liability is disclosed in note 8. The total Group cash outflow in the year for capital and interest from<span class=\"_ _2b7\"> </span> lease arrangements was \u00a3107 million (2021: \u00a3203 million), and the maturity analysis of cash flows associated with the Group\u2019s leas<span class=\"_ _1\"></span>e<span class=\"_ _2b7\"> </span> liability at the reporting date is shown in note S3.<span class=\"_ _2b7\"> </span> The table below provides further information on amounts not included in the lease liability and charged to the Group Income Statement<span class=\"_ _2b7\"> </span> during the year.<span class=\"_ _2b7\"> </span> Year ended 31 December<span class=\"_ _2b7\"> </span> 2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Expense related to short-term leases<span class=\"_ _22d\"> </span><span class=\"ff66\"> <span class=\"_ _9a\"> </span>82 <span class=\"_ _141\"> </span></span> <span class=\"_ _21\"> </span>9<span class=\"_ _2b7\"> </span> Expense related to variable lease payments<span class=\"_ _22e\"> </span><span class=\"ff66\"> <span class=\"_ _4d\"> </span>9 <span class=\"_ _141\"> </span></span> <span class=\"_ _2a\"> </span>26<span class=\"_ _2b7\"> </span> During the year, the Group\u2019s expense related to short-term lease commitments predominantly related to the hire of LNG vessels and<span class=\"_ _2b7\"> </span> exploration and production drilling rigs. The commitment at the balance sheet date also relates to assets of a similar nature. The Group<span class=\"_ _2b7\"> </span> has \u00a317 million operating sub-lease arrangements mainly for LNG vessels. The Group does not have any material arrangements in which it<span class=\"_ _2b7\"> </span> acts as a lessor.<span class=\"_ _2b7\"> </span>(b)<span class=\"_ _12\"> </span>Guarantees and indemnities<span class=\"_ _2b7\"> </span>This section discloses any guarantees and indemnities that the Group has given, where we may have to provide<span class=\"_ _2b7\"> </span> security in the future against existing and future obligations that will remain for a specific period.<span class=\"_ _2b7\"> </span>In connection with the Group\u2019s energy trading, transportation and upstream activities, certain Group companies have entered into<span class=\"_ _2b7\"> </span> contracts under which they may be required to prepay, provide credit support or provide other collateral in the event of a significant<span class=\"_ _2b7\"> </span> deterioration in creditworthiness. The extent of credit support is contingent upon the balance owing to the third party at the point of<span class=\"_ _2b7\"> </span> deterioration.<span class=\"_ _2b7\"> </span>As at 31 December 2022, \u00a384 million (2021: \u00a3525 million) of letters of credit and on-demand payment b<span class=\"_ _1\"></span>onds have been issued in respect<span class=\"_ _2b7\"> </span> of decommissioning obligations included in the Group Balance Sheet<span class=\"_ _1\"></span>. The reduction is predominantly as a result of the disposal of the<span class=\"_ _2b7\"> </span> Norwegian and Statfjord fields - see note 12.<span class=\"_ _2b7\"> </span> (c)<span class=\"_ _107\"> </span>Contingent liabilities<span class=\"_ _2b7\"> </span>The Group has no material contingent liabilities.<span class=\"_ _2b7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-478": {
   "value": "24. Sources of finance (a)  Capital structure The Group seeks to maintain an efficient capital structure with a balance of adjusted net cash and equity as shown in the table below: 31 December  2022 \u00a3m 2021 \u00a3m Adjusted net cash  (1,199)    (680)  Shareholders\u2019 equity  1,017    2,365  Capital  (182)    1,685  Debt levels are restricted to limit the risk of financial distress and, in particular, to maintain a strong credit profile. The Group\u2019s credit  standing is important for several reasons: to maintain a low cost of debt, limit collateral requirements in energy trading, hedging and  decommissioning security arrangements, and to ensure the Group is an attractive counterparty to energy producers and long-term  customers. The Group monitors its current and projected capital position on a regular basis, considering a medium-term view of at least three years,  and different stress case scenarios, including the impact of changes in the Group\u2019s credit ratings and significant movements in commodity  prices. A number of financial ratios are monitored, including those used by the credit rating agencies.  The level of debt that can be raised by the Group is restricted by the Company\u2019s Articles of Association. Borrowing is limited to the higher  of \u00a310 billion and a gearing ratio of three times Shareholder\u2019s equity. The Group funds its long-term debt requirements through issuing  bonds in the capital markets and taking bank debt. Short-term debt requirements are met primarily through commercial paper or short- term bank borrowings. The Group maintains substantial committed facilities and uses these to provide liquidity for general corporate  purposes, including short-term business requirements and back-up for commercial paper. British Gas Insurance Limited (BGIL) is required to hold a minimum capital amount under PRA regulations and has complied with this  requirement since its inception. BGIL\u2019s capital management policy and plan are subject to review and approval by the BGIL board.  Reporting processes provide relevant and timely capital information to management and the board. A medium-term capital management  plan forms part of BGIL\u2019s planning and forecasting process, embedded into approved timelines, management reviews and board  approvals.  The Group\u2019s January 2023 trading update noted that the 2022 closing net cash position was expected to be above \u00a31 billion and the  Group\u2019s final net position is \u00a31,199 million at the year-end. 24. Sources of finance (b) Liquidity risk management and going concern The Group has a number of treasury and risk policies to monitor and manage liquidity risk. Cash forecasts identifying the Group\u2019s liquidity  requirements are produced regularly and are stress tested for different scenarios, including, but not limited to, reasonably possible  increases or decreases in commodity prices and the potential cash implications of a credit rating downgrade. The Group seeks to ensure  that sufficient financial headroom exists for at least a 12-month period to safeguard the Group\u2019s ability to continue as a going concern,  and as at the reporting date, the analysis performed by the Group extends to 31 December 2024. It is the Group\u2019s policy to maintain  committed facilities and/or available surplus cash resources of at least \u00a31,200 million, raise at least 75% of its gross debt (excluding  non-recourse debt) in the capital market and to maintain an average term to maturity in the recourse long-term debt portfolio greater than  five years.  In response to the extremely volatile commodity market conditions witnessed during 2022, the Group proactively increased the level of  committed credit bank facilities to ensure additional liquidity was available, if required, as the business entered the winter period. At 31 December 2022 the Group had undrawn committed credit facilities of \u00a33,951 million (2021: \u00a33,006 million) and \u00a33,687 million  (2021: \u00a33,875 million) of unrestricted cash and cash equivalents, net of outstanding overdrafts. 82% (2021: 89%) of the Group\u2019s gross  debt has been raised in the long-term debt market and the average term to maturity of the long-term debt portfolio was 9.9 years  (2021: 10.9 years). The completion of the disposal of the Direct Energy business on 5 January 2021 led to a cash receipt of $3.6 billion  (\u00a32.7 billion), significantly improving the Group\u2019s adjusted net debt position.  The Group\u2019s liquidity is impacted by the cash posted or received under margin and collateral agreements. The terms and conditions of  these agreements depend on the counterparty and the specific details of the transaction. Margin/collateral is generally posted or received  to support energy trading and procurement activities. It is posted when contracts with marginable counterparties are out of the money and  received when contracts are in the money. Cash is generally returned to the Group or by the Group within two days of trade settlement.  At 31 December 2022 the collateral position was as follows: 31 December  2022 \u00a3m 2021 \u00a3m Collateral (received)/posted included within: Trade and other payables  (601)    (1,185)  Trade and other receivables  1,154    888  Collateral posted/(received) extinguishing: Net derivative liabilities/(assets)  (i)  270    (114)  Net collateral posted/(received)  (ii)  823    (411)  (i) Variation margin on daily settled derivatives results in the extinguishment of the net derivative asset/liability. These contracts remain outstanding until a future delivery  date, and therefore the cumulative daily settlement is considered collateral until that fulfilment date. (ii) In-year movements of net collateral posted/(received) include exchange adjustments of \u00a361 million (2021: \u00a34 million). Commodity prices were very volatile throughout 2022. During the year, the peak month-end net collateral posted (i.e. outflow) was in  August and amounted to \u00a31.9 billion. The Group utilises initial margin waiver facilities to help manage its liquidity and working capital  position in relation to derivative trading. For certain types of trade, initial margin is a requirement before entering into a transaction, as it  provides credit assurance for the exchange. As initial margin is not a liability of the Group and is refundable, it is reflected as a margin  asset on the Group\u2019s balance sheet. Accordingly, where counterparties waive any requirement to post initial margin, the Group has no  liability. The level of undrawn committed bank facilities and available cash resources has enabled the Directors to conclude that the Group has  sufficient headroom to continue as a going concern. The statement of going concern is included in the Governance section \u2013 Other  Statutory Information, on page 106. 24. Sources of finance (c)  Adjusted net cash/(debt) summary Adjusted net cash/(debt) predominantly includes capital market borrowings offset by cash, securities and certain  hedging financial instruments used to manage interest rate and foreign exchange movements on borrowings. Presented in the derivatives and current and non-current borrowings, leases and interest accruals columns shown  below are the assets and liabilities that give rise to financing cash flows. Other assets and liabilities Current and  non-current  borrowings,  leases and  interest accruals \u00a3m Derivatives \u00a3m Gross debt \u00a3m Cash and cash  equivalents, net  of bank  overdrafts (i) (ii) \u00a3m Current and  non-current  securities  (iii) \u00a3m Sub-lease  assets \u00a3m Adjusted  net (debt)/ cash \u00a3m Group adjusted net debt at 1 January 2021  (4,877)  346  (4,531)   1,393    138    2    (2,998)  Disposal of business  (iv)  36    \u2014    36    (132)    (4)    \u2014    (100)  Cash outflow from settlement and purchase of securities  \u2014    \u2014    \u2014    (3)    3    \u2014    \u2014  Cash outflow for payment of capital element of leases  162    \u2014    162    (162)    \u2014    \u2014    \u2014  Cash outflow for repayment of borrowings  (vi)  650    (106)    544    (544)    \u2014    \u2014    \u2014  Remaining cash inflow  \u2014    \u2014    \u2014    4,010    \u2014    \u2014    4,010  Revaluation  122    (133)    (11)    \u2014    19    \u2014    8  Financing interest paid  206    (14)    192    (233)    \u2014    \u2014    (41)  Increase in interest payable and amortisation of borrowings  (195)    \u2014    (195)    \u2014    \u2014    \u2014    (195)  New lease agreements and re-measurement of existing  lease liabilities  (28)    \u2014    (28)    \u2014    \u2014    \u2014    (28)  Exchange adjustments  25    \u2014    25    (1)    \u2014    \u2014    24  Group adjusted net (debt)/cash at 31 December 2021  (iv)  (3,899)    93    (3,806)    4,328    156    2    680  Disposal of business  (iv)  6    \u2014    6    (30)    (21)    \u2014    (45)  Net cash outflow from net purchase of securities  \u2014    \u2014    \u2014    (398)    398    \u2014    \u2014  Cash outflow for payment of capital element of leases  103    \u2014    103    (103)    \u2014    \u2014    \u2014  Cash outflow for repayment of borrowings  (vi)  1,482    \u2014    1,482    (1,482)    \u2014    \u2014    \u2014  Cash inflow from short term borrowings  (vi)  (1,220)    \u2014    (1,220)    1,220    \u2014    \u2014    \u2014  Remaining cash inflow  (iv) (v)  \u2014    \u2014    \u2014    796    \u2014    \u2014    796  Revaluation/interest receivable on securities  240    (238)    2    \u2014    (11)    \u2014    (9)  Financing interest paid  179    (8)    171    (172)    \u2014    \u2014    (1 ) Increase in interest payable and amortisation of borrowings  (181)    \u2014    (181)    \u2014    \u2014    \u2014    (181)  New lease agreements and re-measurement of existing  lease liabilities  (42)    \u2014    (42)    \u2014    \u2014    \u2014    (42)  Exchange adjustments  (85)    \u2014    (85)    83    3    \u2014    1  Group adjusted net (debt)/cash at 31 December 2022  (3,417)    (153)    (3,570)    4,242    525    2    1,199  (i) Cash and cash equivalents includes \u00a3555 million (2021: \u00a3435 million) of restricted cash, of which \u00a3440 million relates to cash received from the Energy Bill Support  Scheme. This includes cash totalling \u00a36 million (2021: \u00a331 million) within the Spirit Energy business that is not restricted by regulation but is managed by Spirit Energy\u2019s  own treasury department. (ii) Cash and cash equivalents are net of \u00a3600 million bank overdrafts (2021: \u00a3750 million).  (iii) Securities balances includes \u00a3403 million of loans to the pension schemes, measured at amortised cost, \u00a367 million (2021: \u00a383 million) other debt instruments and  \u00a355 million (2021: \u00a352 million) equity instruments, both measured at fair value. See note 22 for further details on pension loans provided. (iv) Group adjusted net cash at 31 December 2021 includes \u00a36 million of lease liabilities and \u00a318 million of cash and cash equivalents held for sale related to the Norwegian  disposal group, and current and non-current securities includes \u00a321 million related to the Driivz business held for sale at that date. Disposal of business in 2022  represents the disposal of these items as part of the sale of these businesses, and the cash received for the sale is shown as part of remaining cash inflow. Disposal of  business in 2021 relates to the adjusted net cash items disposed of with the sale of Direct Energy in January 2021. (v) Remaining cash inflow includes financing cash outflows of \u00a359 million relating to equity dividends paid (see note 9), \u00a3273 million of distributions to non-controlling  interests (see note 12) and \u00a343 million related to the share buyback programme. There is a liability of \u00a3207 million recognised at 31 December 2022 related to this  programme. See note S4 for further details. (vi) Bond repayment comprises the scheduled \u00a336 million repayment of a 3.68% HKD bond repaid on 22 February 2022, and \u00a3246 million repayment of a 6.375% GBP bond  repaid on 10 March 2022. During August 2022 the Group borrowed \u00a31,200 million, which was repaid in September 2022. During December 2022 short-term borrowing of  \u00a320 million was obtained. See note 24(b) for collateral volatility. Bond repayment in 2021 comprises \u00a3650 million repayment of a 3% Euro bond which the Group had the  right to repay at par on 10 April 2021 net of \u00a3106 million foreign exchange gain on the associated Euro bond derivative. (d)  Borrowings, leases and interest accruals summary 2022 2021 31 December  Coupon rate % Principal m Current \u00a3m Non-current \u00a3m Total \u00a3m Current \u00a3m Non-current \u00a3m Total \u00a3m Bank overdrafts   (600)    \u2014    (600)   (750)    \u2014    (750)  Bank loans (> 5 year maturity)   \u2014    (143)    (143)   \u2014    (137)    (137)  Other borrowings   (20)    \u2014    (20)   \u2014    \u2014    \u2014  Bonds (by maturity date): 22 February 2022 3.680 HK$450   \u2014    \u2014    \u2014    (43)    \u2014    (43)  10 March 2022 6.375 \u00a3246   \u2014    \u2014    \u2014    (241)    \u2014    (241)  16 October 2023  (i) 4.000 US$302   (246)    \u2014    (246)    \u2014    (228)    (228)  4 September 2026 (i) 6.400 \u00a352   \u2014    (49)    (49)    \u2014    (55)    (55)  16 April 2027 5.900 US$70   \u2014    (58)    (58)    \u2014    (51)    (51)  13 March 2029  (i) 4.375 \u00a3552   \u2014    (471)    (471)    \u2014    (559)    (559)  5 January 2032  (ii) Zero \u20ac50   \u2014    (69)    (69)    \u2014    (63)    (63)  19 September 2033 (i) 7.000 \u00a3770   \u2014    (684)    (684)    \u2014    (788)    (788)  16 October 2043 5.375 US$367   \u2014    (299)    (299)    \u2014    (267)    (267)  12 September 2044 4.250 \u00a3550   \u2014    (539)    (539)    \u2014    (538)    (538)  25 September 2045 5.250 US$50   \u2014    (41)    (41)    \u2014    (36)    (36)  10 April 2075  (i) (iii) 5.250 \u00a3450   \u2014    (418)    (418)    \u2014    (455)    (455)   (246)    (2,628)    (2,874)    (284)    (3,040)    (3,324)  Obligations under lease arrangements   (88)    (237)    (325)    (102)    (262)    (364)  Interest accruals  (55)    \u2014    (55)    (68)    \u2014    (68)   (1,009)    (3,008)    (4,017)    (1,204)    (3,439)    (4,643)  (i) Bonds or portions of bonds maturing in 2023, 2026, 2029, 2033 and 2075 have been designated in a fair value hedge relationship. See note S5 for details of hedge  relationships. (ii) \u20ac50 million of zero coupon notes have an accrual yield of 4.2%, which will result in a \u20ac114 million repayment on maturity. (iii) The Group has the right to repay at par on 10 April 2025 and every interest payment date thereafter. ",
   "dimensions": {
    "concept": "centrica:DisclosureOfSourcesOfFinance",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-550": {
   "value": "(b) Liquidity risk management and going concern The Group has a number of treasury and risk policies to monitor and manage liquidity risk. Cash forecasts identifying the Group\u2019s liquidity  requirements are produced regularly and are stress tested for different scenarios, including, but not limited to, reasonably possible  increases or decreases in commodity prices and the potential cash implications of a credit rating downgrade. The Group seeks to ensure  that sufficient financial headroom exists for at least a 12-month period to safeguard the Group\u2019s ability to continue as a going concern,  and as at the reporting date, the analysis performed by the Group extends to 31 December 2024. It is the Group\u2019s policy to maintain  committed facilities and/or available surplus cash resources of at least \u00a31,200 million, raise at least 75% of its gross debt (excluding  non-recourse debt) in the capital market and to maintain an average term to maturity in the recourse long-term debt portfolio greater than  five years.  In response to the extremely volatile commodity market conditions witnessed during 2022, the Group proactively increased the level of  committed credit bank facilities to ensure additional liquidity was available, if required, as the business entered the winter period. At 31 December 2022 the Group had undrawn committed credit facilities of \u00a33,951 million (2021: \u00a33,006 million) and \u00a33,687 million  (2021: \u00a33,875 million) of unrestricted cash and cash equivalents, net of outstanding overdrafts. 82% (2021: 89%) of the Group\u2019s gross  debt has been raised in the long-term debt market and the average term to maturity of the long-term debt portfolio was 9.9 years  (2021: 10.9 years). The completion of the disposal of the Direct Energy business on 5 January 2021 led to a cash receipt of $3.6 billion  (\u00a32.7 billion), significantly improving the Group\u2019s adjusted net debt position.  The Group\u2019s liquidity is impacted by the cash posted or received under margin and collateral agreements. The terms and conditions of  these agreements depend on the counterparty and the specific details of the transaction. Margin/collateral is generally posted or received  to support energy trading and procurement activities. It is posted when contracts with marginable counterparties are out of the money and  received when contracts are in the money. Cash is generally returned to the Group or by the Group within two days of trade settlement.  At 31 December 2022 the collateral position was as follows: 31 December  2022 \u00a3m 2021 \u00a3m Collateral (received)/posted included within: Trade and other payables  (601)    (1,185)  Trade and other receivables  1,154    888  Collateral posted/(received) extinguishing: Net derivative liabilities/(assets)  (i)  270    (114)  Net collateral posted/(received)  (ii)  823    (411)  (i) Variation margin on daily settled derivatives results in the extinguishment of the net derivative asset/liability. These contracts remain outstanding until a future delivery  date, and therefore the cumulative daily settlement is considered collateral until that fulfilment date. (ii) In-year movements of net collateral posted/(received) include exchange adjustments of \u00a361 million (2021: \u00a34 million). Commodity prices were very volatile throughout 2022. During the year, the peak month-end net collateral posted (i.e. outflow) was in  August and amounted to \u00a31.9 billion. The Group utilises initial margin waiver facilities to help manage its liquidity and working capital  position in relation to derivative trading. For certain types of trade, initial margin is a requirement before entering into a transaction, as it  provides credit assurance for the exchange. As initial margin is not a liability of the Group and is refundable, it is reflected as a margin  asset on the Group\u2019s balance sheet. Accordingly, where counterparties waive any requirement to post initial margin, the Group has no  liability. The level of undrawn committed bank facilities and available cash resources has enabled the Directors to conclude that the Group has  sufficient headroom to continue as a going concern. The statement of going concern is included in the Governance section \u2013 Other  Statutory Information, on page 106. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-530": {
   "value": "(b)<span class=\"_ _12\"> </span>Liquidity risk management and going concern<span class=\"_ _2b7\"> </span>The Group has a number of treasury and risk policies to monitor and manage liquidity risk. Cash forecasts identifying the Group\u2019s liquidity<span class=\"_ _2b7\"> </span> requirements are produced regularly and are stress tested for different scenarios, including, but not limited to, reasonably possible<span class=\"_ _2b7\"> </span> increases or decreases in commodity prices and the potential cash implications of a credit rating downgrade. The Group seeks to ensure<span class=\"_ _2b7\"> </span> that sufficient financial headroom exists for at least a 12-month period to safeguard the Group\u2019s ability to continue as a going concern,<span class=\"_ _2b7\"> </span> and as at the reporting date, the analysis performed by the Group extends to 31 December <span class=\"_ _1\"></span>2024. It is the Group\u2019s policy to maintain<span class=\"_ _2b7\"> </span> committed facilities and/or available surplus cash resources of at least \u00a31,200 million, raise at least 75% of its gross debt (excluding<span class=\"_ _2b7\"> </span> non<span class=\"ff6e\">-</span>recourse debt) in the capital market and to maintain an aver<span class=\"_ _1\"></span>age term to maturity in the recourse long-term debt portfolio greater than<span class=\"_ _2b7\"> </span> five years.<span class=\"_ _2b7\"> </span> In response to the extremely volatile commodity market conditions witnessed during 2022, the Group proactively increased the level of<span class=\"_ _2b7\"> </span> committed credit bank facilities to ensure additional liquidity was available, if required, as the business entered the winter period.<span class=\"_ _2b7\"> </span>At 31 December 2022 the Group had undrawn committed credit facilities of \u00a3<span class=\"_ _1\"></span>3,951 million (2021: \u00a33,006 million) and \u00a33,687 million<span class=\"_ _2b7\"> </span> (2021: \u00a33,875 million) of unrestricted cash and cash equivalents, net of outstanding overdrafts. 82% (<span class=\"_ _1\"></span>2021: 89%) of the Group\u2019s gross<span class=\"_ _2b7\"> </span> debt has been raised in the long-term debt market and the average term to maturity of the long-term debt portfolio was 9.9 years<span class=\"_ _2b7\"> </span> (2021: 10.9 years). The completion of the disposal of the Direct Energy business on 5 January<span class=\"_ _1\"></span> 2021 led to a cash receipt of $3.6 billion<span class=\"_ _2b7\"> </span> (\u00a32.7 billion), significantly improving the Group\u2019s adjusted net debt position.<span class=\"_ _2b7\"> </span> The Group\u2019s liquidity is impacted by the cash posted or received under margin and collateral agreements. The terms and conditions of<span class=\"_ _2b7\"> </span> these agreements depend on the counterparty and the specific details of the transaction. Margin/collateral is generally posted or received<span class=\"_ _2b7\"> </span> to support energy trading and procurement activities. It is posted when contracts with marginable counterparties are out of the money and<span class=\"_ _2b7\"> </span> received when contracts are in the money. Cash is generally returned to the Group or by the Group within two days of trade settlement.<span class=\"_ _2b7\"> </span> At 31 December 2022 the collateral position was as follows:<span class=\"_ _2b7\"> </span>31 December<span class=\"_ _2b7\"> </span> 2022<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Collateral (received)/posted included within:<span class=\"_ _2b7\"> </span>Trade and other payables <span class=\"_ _30\"> </span>(601) <span class=\"_ _106\"> </span><span class=\"ff6b\"> <span class=\"_ _4e\"> </span>(1,185)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span>Trade and other receivables <span class=\"_ _1f1\"> </span>1,154 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _104\"> </span>888<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span>Collateral posted/(received) extinguishing:<span class=\"_ _2b7\"> </span>Net derivative liabilities/(assets)<span class=\"_ _2b7\"> </span> (i) <span class=\"_ _b4\"> </span>270 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(114)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span>Net collateral posted/(received)<span class=\"_ _2b7\"> </span> (ii) <span class=\"_ _b4\"> </span>823 <span class=\"_ _141\"> </span><span class=\"ff6b\"> <span class=\"_ _2c\"> </span>(411)<span class=\"_ _2b7\"> </span></span><span class=\"ff6b\"> </span>(i)<span class=\"_ _1b7\"> </span>Variation margin on daily settled derivatives results in the extinguishment of the net derivat<span class=\"_ _1\"></span>ive asset/liability. These contracts remain outstanding until a future delivery<span class=\"_ _2b7\"> </span> date, and therefore the cumulative daily settlement is considered collateral until that fulfilment date.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>In-year movements of net collateral posted/(received) include exchange adjustments of \u00a36<span class=\"_ _1\"></span>1 million (2021: \u00a34 million).<span class=\"_ _2b7\"> </span>Commodity prices were very volatile throughout 2022. During the year, the peak month-end net collateral posted (i.e. outflow) was in<span class=\"_ _2b7\"> </span> August and amounted to \u00a31.9 billion. The Group utilises initial margin waiver facilities to help manage its liquidity and working capital<span class=\"_ _2b7\"> </span> position in relation to derivative trading. For certain types of trade, initial margin is a requirement before entering into a transaction, as it<span class=\"_ _2b7\"> </span> provides credit assurance for the exchange. As initial margin is not a liability of the Group and is refundable, it is reflected as a margin<span class=\"_ _2b7\"> </span> asset on the Group\u2019s balance sheet. Accordingly, where counterparties waive any requirement to post initial margin, the Group has no<span class=\"_ _2b7\"> </span> liability.<span class=\"_ _2b7\"> </span>The level of undrawn committed bank facilities and available cash resources has enabled the Directors to conclude that the Group has<span class=\"_ _2b7\"> </span> sufficient headroom to continue as a going concern. The statement of going concern is included in the Governance s<span class=\"_ _b\"></span>ection \u2013 Other<span class=\"_ _2b7\"> </span> Statutory Information, on page 106.<span class=\"_ _2b7\"> </span>Liquidity risk management and going concern<span class=\"_ _2b7\"> </span>Liquidity risk is the risk that the Group is unable to meet its financial obligations as they fall due. The Group experiences significant<span class=\"_ _2b7\"> </span> movements in its liquidity position due primarily to the seasonal nature of its business and margin cash arrangements associated with<span class=\"_ _2b7\"> </span> certain wholesale commodity contracts. To mitigate this risk the Group maintains significant committed facilities and holds cash on deposit<span class=\"_ _2b7\"> </span> to ensure that there is sufficient liquidity headroom at all points in the seasonal trading cycle of the business. See note <span class=\"_ _1\"></span>24 for further<span class=\"_ _2b7\"> </span> information.<span class=\"_ _2b7\"> </span> Maturity profiles<span class=\"_ _2b7\"> </span>Maturities of derivative financial instruments, provisions, borrowings and leases are provided in the following tables (all amounts are<span class=\"_ _2b7\"> </span> remaining contractual undiscounted cash flows):<span class=\"_ _2b7\"> </span>Due for payment 2022<span class=\"_ _2b7\"> </span>&lt;1<span class=\"_ _2b7\"> </span>year<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>1 to 2<span class=\"_ _2b7\"> </span> years<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2 to 3<span class=\"_ _2b7\"> </span>years<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>3 to 4<span class=\"_ _2b7\"> </span>years<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>4 to 5<span class=\"_ _2b7\"> </span>years<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>&gt;5<span class=\"_ _2b7\"> </span>years<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Energy and interest derivatives in a loss position that will be<span class=\"_ _2b7\"> </span> settled on a net basis<span class=\"_ _2b7\"> </span> (i) <span class=\"_ _7e\"> </span>(1,159) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(146) <span class=\"_ _8f\"> </span> <span class=\"_ _22\"> </span>(47) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(28) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(18) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(80)<span class=\"_ _2b7\"> </span> Gross energy procurement contracts and other derivative buy<span class=\"_ _2b7\"> </span> trades carried at fair value<span class=\"_ _87\"> </span><span class=\"ff66\"> <span class=\"_ _18\"> </span>(10,490) <span class=\"_ _106\"> </span> <span class=\"_ _7e\"> </span>(8,525) <span class=\"_ _106\"> </span> <span class=\"_ _7e\"> </span>(4,580) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(67) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(47) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(116)<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span>Foreign exchange derivatives that will be settled on a gross<span class=\"_ _2b7\"> </span> basis:<span class=\"_ _2b7\"> </span>Outflow<span class=\"_ _230\"> </span><span class=\"ff66\"> <span class=\"_ _4e\"> </span>(7,748) <span class=\"_ _8f\"> </span> <span class=\"_ _7e\"> </span>(1,244) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(73) <span class=\"_ _106\"> </span> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>\u2014<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span>Inflow<span class=\"_ _23d\"> </span><span class=\"ff66\"> <span class=\"_ _1f1\"> </span>8,027 <span class=\"_ _141\"> </span> <span class=\"_ _1f1\"> </span>1,207 <span class=\"_ _141\"> </span> <span class=\"_ _104\"> </span>239 <span class=\"_ _141\"> </span> <span class=\"_ _9a\"> </span>20 <span class=\"_ _141\"> </span> <span class=\"_ _2e\"> </span>1 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>\u2014<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span>Borrowings (bank loans, bonds, overdrafts and interest)<span class=\"_ _55\"> </span><span class=\"ff66\"> <span class=\"_ _7e\"> </span>(1,016) <span class=\"_ _8f\"> </span> <span class=\"_ _30\"> </span>(157) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(595) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(185) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(186) <span class=\"_ _106\"> </span> <span class=\"_ _7e\"> </span>(3,575)</span><span class=\"ff66\"> </span> <span class=\"_ _7a\"> </span>(12,386) <span class=\"_ _8f\"> </span> <span class=\"_ _4e\"> </span>(8,865) <span class=\"_ _8f\"> </span> <span class=\"_ _7e\"> </span>(5,056) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(260) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(250) <span class=\"_ _106\"> </span> <span class=\"_ _7e\"> </span>(3,771)<span class=\"_ _2b7\"> </span> Leases:<span class=\"_ _2b7\"> </span> (ii)<span class=\"_ _2b7\"> </span>Minimum lease payments<span class=\"_ _39\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>(89) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(79) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(70) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(55) <span class=\"_ _106\"> </span> <span class=\"_ _22\"> </span>(26) <span class=\"_ _8f\"> </span> <span class=\"_ _22\"> </span>(29)<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span>Capital elements of leases<span class=\"_ _23e\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>(88) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(69) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(67) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(51) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(24) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(26)<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span>Due for payment 2021<span class=\"_ _2b7\"> </span>&lt;1<span class=\"_ _2b7\"> </span>year<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>1 to 2<span class=\"_ _2b7\"> </span> years<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>2 to 3<span class=\"_ _2b7\"> </span>years<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>3 to 4<span class=\"_ _2b7\"> </span>years<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>4 to 5<span class=\"_ _2b7\"> </span>years<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>&gt;5<span class=\"_ _2b7\"> </span>years<span class=\"_ _2b7\"> </span>\u00a3m<span class=\"_ _2b7\"> </span>Energy and interest derivatives in a loss position that will be<span class=\"_ _2b7\"> </span> settled on a net basis<span class=\"_ _2b7\"> </span> (i) <span class=\"_ _2c\"> </span>(807) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(77) <span class=\"_ _8f\"> </span> <span class=\"_ _31\"> </span>(22) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(13) <span class=\"_ _106\"> </span> <span class=\"_ _23\"> </span>(8) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(13)<span class=\"_ _2b7\"> </span> Gross energy procurement contracts and other derivative buy<span class=\"_ _2b7\"> </span> trades carried at fair value<span class=\"_ _87\"> </span> <span class=\"_ _14d\"> </span>(6,118) <span class=\"_ _8f\"> </span> <span class=\"_ _14d\"> </span>(5,063) <span class=\"_ _8f\"> </span> <span class=\"_ _14d\"> </span>(3,342) <span class=\"_ _8f\"> </span> <span class=\"_ _14d\"> </span>(1,821) <span class=\"_ _8f\"> </span> <span class=\"_ _31\"> </span>(42) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(122)<span class=\"_ _2b7\"> </span> Foreign exchange derivatives that will be settled on a gross<span class=\"_ _2b7\"> </span> basis:<span class=\"_ _2b7\"> </span>Outflow<span class=\"_ _230\"> </span> <span class=\"_ _14d\"> </span>(4,068) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(985) <span class=\"_ _8f\"> </span> <span class=\"_ _10c\"> </span>(130) <span class=\"_ _8f\"> </span> <span class=\"_ _31\"> </span>(22) <span class=\"_ _106\"> </span> <span class=\"_ _23\"> </span>(3) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(54)<span class=\"_ _2b7\"> </span> Inflow<span class=\"_ _23d\"> </span> <span class=\"_ _81\"> </span>4,500 <span class=\"_ _8a\"> </span> <span class=\"_ _104\"> </span>990 <span class=\"_ _8a\"> </span> <span class=\"_ _104\"> </span>130 <span class=\"_ _141\"> </span> <span class=\"_ _2a\"> </span>22 <span class=\"_ _8a\"> </span> <span class=\"_ _2e\"> </span>1 <span class=\"_ _8a\"> </span> <span class=\"_ _2a\"> </span>96<span class=\"_ _2b7\"> </span> Borrowings (bank loans, bonds, overdrafts and interest)<span class=\"_ _55\"> </span> <span class=\"_ _4e\"> </span>(1,141) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(385) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(154) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(592) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(182) <span class=\"_ _106\"> </span> <span class=\"_ _4e\"> </span>(3,673)  <span class=\"_ _14d\"> </span>(7,634) <span class=\"_ _8f\"> </span> <span class=\"_ _14d\"> </span>(5,520) <span class=\"_ _8f\"> </span> <span class=\"_ _14d\"> </span>(3,518) <span class=\"_ _8f\"> </span> <span class=\"_ _14d\"> </span>(2,426) <span class=\"_ _8f\"> </span> <span class=\"_ _2c\"> </span>(234) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>(3,766)<span class=\"_ _2b7\"> </span> Leases:<span class=\"_ _2b7\"> </span> (ii)<span class=\"_ _2b7\"> </span>Minimum lease payments<span class=\"_ _39\"> </span> <span class=\"_ _2c\"> </span>(103) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(68) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(59) <span class=\"_ _8f\"> </span> <span class=\"_ _31\"> </span>(55) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(47) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(48)<span class=\"_ _2b7\"> </span> Capital elements of leases<span class=\"_ _23e\"> </span> <span class=\"_ _2c\"> </span>(102) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(66) <span class=\"_ _8f\"> </span> <span class=\"_ _31\"> </span>(56) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(52) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(46) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(42)<span class=\"_ _2b7\"> </span> (i)<span class=\"_ _1b7\"> </span>Proprietary energy trades are excluded from this maturity analysis as the Group does not take physical delivery of volumes traded under these contracts. The associated<span class=\"_ _2b7\"> </span> cash flows are expected to be equal to the contract fair value at the balance sheet date. See note <span class=\"_ _1\"></span>19 for further details.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>The difference between the total minimum lease payments and the total capital elements of leases is due to future finance charges.<span class=\"_ _2b7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-531": {
   "value": "(d)  Borrowings, leases and interest accruals summary 2022 2021 31 December  Coupon rate % Principal m Current \u00a3m Non-current \u00a3m Total \u00a3m Current \u00a3m Non-current \u00a3m Total \u00a3m Bank overdrafts   (600)    \u2014    (600)   (750)    \u2014    (750)  Bank loans (> 5 year maturity)   \u2014    (143)    (143)   \u2014    (137)    (137)  Other borrowings   (20)    \u2014    (20)   \u2014    \u2014    \u2014  Bonds (by maturity date): 22 February 2022 3.680 HK$450   \u2014    \u2014    \u2014    (43)    \u2014    (43)  10 March 2022 6.375 \u00a3246   \u2014    \u2014    \u2014    (241)    \u2014    (241)  16 October 2023  (i) 4.000 US$302   (246)    \u2014    (246)    \u2014    (228)    (228)  4 September 2026 (i) 6.400 \u00a352   \u2014    (49)    (49)    \u2014    (55)    (55)  16 April 2027 5.900 US$70   \u2014    (58)    (58)    \u2014    (51)    (51)  13 March 2029  (i) 4.375 \u00a3552   \u2014    (471)    (471)    \u2014    (559)    (559)  5 January 2032  (ii) Zero \u20ac50   \u2014    (69)    (69)    \u2014    (63)    (63)  19 September 2033 (i) 7.000 \u00a3770   \u2014    (684)    (684)    \u2014    (788)    (788)  16 October 2043 5.375 US$367   \u2014    (299)    (299)    \u2014    (267)    (267)  12 September 2044 4.250 \u00a3550   \u2014    (539)    (539)    \u2014    (538)    (538)  25 September 2045 5.250 US$50   \u2014    (41)    (41)    \u2014    (36)    (36)  10 April 2075  (i) (iii) 5.250 \u00a3450   \u2014    (418)    (418)    \u2014    (455)    (455)   (246)    (2,628)    (2,874)    (284)    (3,040)    (3,324)  Obligations under lease arrangements   (88)    (237)    (325)    (102)    (262)    (364)  Interest accruals  (55)    \u2014    (55)    (68)    \u2014    (68)   (1,009)    (3,008)    (4,017)    (1,204)    (3,439)    (4,643)  (i) Bonds or portions of bonds maturing in 2023, 2026, 2029, 2033 and 2075 have been designated in a fair value hedge relationship. See note S5 for details of hedge  relationships. (ii) \u20ac50 million of zero coupon notes have an accrual yield of 4.2%, which will result in a \u20ac114 million repayment on maturity. (iii) The Group has the right to repay at par on 10 April 2025 and every interest payment date thereafter. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-479": {
   "value": "25. Share capital Ordinary share capital represents the total number of shares issued which are publicly traded. We also disclose the  number of own and treasury shares the Company holds, which the Company has bought, principally as part of share  repurchase programmes. Allotted and fully paid share capital of the Company 31 December  2022 \u00a3m 2021 \u00a3m 5,907,846,138 ordinary shares of 6 14/81 pence each (2021: 5,881,438,431) 365 363 During the year 26 million ordinary shares were issued at an average original purchase price of 70.8 pence for employee share awards.  The closing price of one Centrica ordinary share on 31 December 2022 was 96.5 pence (2021: 71.5 pence). Centrica employee share  ownership trusts purchase Centrica ordinary shares from the open market and receive treasury shares to satisfy future obligations of  certain employee share schemes. The movements in own and treasury shares during the year are shown below: Own shares  (i) Treasury shares  (i) 2022 million shares 2021 million shares 2022 million shares 2021 million shares 1 January   33.8   59.6   \u2014   \u2014  Shares purchased  6.5   \u2014   \u2014   \u2014  Shares issued and placed into trust  8.4   \u2014   \u2014   \u2014  Shares released to employees on vesting  (18.3)   (25.8)   \u2014   \u2014  Share buyback programme  (ii)  \u2014    \u2014    45.7    \u2014  31 December (i)  30.4    33.8    45.7    \u2014  (i) Own shares are shares held in trusts to meet employee share awards. Treasury shares are shares that have been purchased from the open market and have not been  cancelled. The closing balance in the treasury and own share reserve of own shares was \u00a320 million (2021: \u00a318 million) and treasury shares was \u00a343 million (2021: \u00a3nil). (ii) See Note S4 for further details of the share buyback programme. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-480": {
   "value": "26.Events after the balance sheet date The Group updates disclosures in light of new information being received, or a significant event occurring, in the  period between 31 December 2022 and the date of this report. The Directors propose a final dividend of 2.00 pence per ordinary share (totalling \u00a3118 million) for the year ended 31 December 2022.  The dividend will be submitted for formal approval at the Annual General Meeting to be held on 13 June 2023 and, subject to approval  will be paid on 20 July 2023 to those shareholders on the register at 9 June 2023. The Group also announced an intention to extend the existing share buyback programme of \u00a3250 million by an additional \u00a3300 million. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-481": {
   "value": "S1.General information Centrica plc (the \u2018Company\u2019) is a public company limited by shares, domiciled and incorporated in the UK, and registered in England  and Wales. The address of the registered office is Millstream, Maidenhead Road, Windsor, Berkshire, SL4 5GD. The Company, together  with its subsidiaries comprise the \u2018Group\u2019. The nature of the Group\u2019s operations and principal activities are set out in note 4(a) and on  pages 1 to 54. The consolidated Financial Statements of Centrica plc are presented in pounds sterling. Operations and transactions conducted in  currencies other than pounds sterling are included in the consolidated Financial Statements in accordance with the foreign currencies  accounting policy set out in note S2. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-448": {
   "value": "Centrica plc (the \u2018Company\u2019) is a public company limited by shares, domiciled and incorporated in the UK, and registered in England  ",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-2": {
   "value": "Centrica plc",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-3": {
   "value": "public company",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-4": {
   "value": "UK",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-449": {
   "value": "UK",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-5": {
   "value": "Millstream, Maidenhead Road, Windsor, Berkshire, SL4 5GD",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-451": {
   "value": "<div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:639.8967px;\">S2.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:27.244965px; bottom:639.4028px;\">Summary of significant accounting policies<span class=\"_ _1\"></span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:606.5127px;\">This section sets out the Group\u2019s significant accounting policies in addition to the critical accounting policies applied in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:593.25275px;\">the preparation of these consolidated Financial Statements. Unless otherwise stated, these accounting policies ha<span class=\"_ _1\"></span>ve<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:579.99274px;\">been consistently applied to the years presented.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:546.4137px;\">Basis of consolidation<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:532.5297px;\">The Group Financial Statements consolidate the Financial Statements of the Company and entities controlled by the Company.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:519.2697px;\">Subsidiaries are all entities (including structured entities) over which the Group has control. Control is exercised over an entity when the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:506.0097px;\">Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:492.7497px;\">its power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:479.48975px;\">deconsolidated from the date that control ceases. Transactions with non-controlling interests that relate to their ownership interests and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:466.22974px;\">do not result in a loss of control are accounted for as equity transactions.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:449.0697px;\">The results of subsidiaries acquired or disposed of during the year are consolidated from the effective date of acquisition (at which point<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:435.80975px;\">the Group gains control over a business as defined by IFRS 3, and applies the acquisition method to account for the transaction as a<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:422.54974px;\">business combination) or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:409.28973px;\">statements of subsidiaries, associates and joint ventures to align the accounting policies with those used by the Group.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:392.1297px;\">When the Group ceases to have control, any retained interest in the entity is re-measured to its fair value with the change in carrying<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:378.8697px;\">amount recognised in profit or loss. This fair value becomes the initial carrying amount for the purposes of subsequently accounting for<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:365.60974px;\">the retained interest as a joint venture, associate or financial asset.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:347.5137px;\">Segmental reporting<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:333.6297px;\">The Group\u2019s operating segments are reported in a manner consistent with the internal reporting provided to and regularly reviewed by<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:320.3697px;\">the Group\u2019s Executive Committee (which is the Group\u2019s Chief Operating Decision Maker as defined by IFRS 8: \u2018Operating segments\u2019) for<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:307.10968px;\">the purposes of evaluating segment performance and allocating resources.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:289.0137px;\">Revenue<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:275.1297px;\">Energy supply to business and residential customers<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:261.8697px;\">The vast majority of contractual energy supply arrangements have no fixed duration, and require no minimum consumption by the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:248.60968px;\">customer. No enforceable rights and obligations exist at inception of the contract and arise only once the cooling off period is complete<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:235.34976px;\">and the Group is the legal supplier of energy to the customer. The performance obligation is the supply of energy over the contractual<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:222.08972px;\">term; the units of supply represent a series of distinct goods that are substantially the same with the same pattern of transfer to the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:208.82971px;\">customer. The performance obligation is considered to be satisfied as the customer consumes based on the units of energy delivered.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:195.5697px;\">This is the point at which revenue is recognised. In respect of energy supply contracts, the Group considers that it has the right to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:182.3097px;\">consideration from the customer for an amount that corresponds directly with the invoiced value delivered to the customer through their<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:169.04974px;\">consumption. The Group\u2019s assessment of the amount that it has a right to invoice includes an assessment of energy supplied to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:155.78973px;\">customers between the date of the last meter reading and the year end (known as unread revenue). Unread gas and electricity comprises<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:142.52971px;\">both billed and unbilled revenue and is estimated through the billing systems, using historical consumption patterns, on a customer-by-<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:129.2697px;\">customer basis, taking into account weather patterns, load forecasts and the differences between actual meter readings being returned<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:116.00969px;\">and system estimates. Actual meter readings continue to be compared to system estimates between the balance sheet date and the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:102.749756px;\">finalisation of the accounts.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:85.58972px;\">The Group holds a number of energy supply contracts that specify a minimum consumption volume over a specified contractual term.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:72.32971px;\">The transaction price for these contracts is the minimum supply volume multiplied by the contractually agreed price per unit of energy.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:59.069702px;\">Revenue from the sale of additional volumes is considered to be variable and not included in the transaction price. Revenue for these<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:45.809692px;\">contracts continues to be recognised as invoiced.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:28.64975px;\">In making disclosures under IFRS 15, the Group applies the practical expedient in paragraph 121 of IFRS 15 and therefore does not<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.389725px;\">disclose information related to the transaction price allocated to remaining performance obligations on the basis that the Group recognises<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.129715px;\">revenue from the satisfaction of the performance obligations within energy supply contracts in accordance with Paragraph B16.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:665.5636px;\">S2.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:27.244965px; bottom:665.0696px;\">Summary of significant accounting policies<span class=\"_ _1\"></span> </div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:644.84155px;\">Energy services provided to business and residential customers<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:631.58167px;\">Energy services relate to the installation, repair and maintenance of central heating, ventilation and air conditioning systems.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:614.4216px;\">In the UK, delivery of an item is considered a separate performance obligation to the installation of the item, both satisfied at a point in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:601.1616px;\">time. Delivery is the point at which control passes to the customer as the customer takes physical possession of the asset. It is also the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:587.9016px;\">point at which the Group has the right to consideration. Delivery and installation usually occur at the same point in time and consequently<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:574.6416px;\">revenue is recognised for both performance obligations simultaneously.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:557.4816px;\">Sales of LNG<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:544.22156px;\">Revenue arising from sales of LNG is recognised when control of the commodity passes to the counterparty, with each cargo representing<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:530.9616px;\">a separate performance obligation satisfied at a point in time.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:513.8016px;\">Sales of own gas and liquid production<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:500.54156px;\">Revenue arising from the sale of produced gas is recognised in a manner consistent with energy supply contracts with the revenue<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:487.28162px;\">recognition profile reflecting the supply of gas to the customer.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:470.12152px;\">The rights and obligations identifiable within a contract where the Group holds sellers\u2019 nomination rights are considered to be enforceable<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:456.86157px;\">from inception of the contract. The transaction price for the contract will include variable consideration based on forecast production and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:443.60156px;\">market prices. The point at which the performance obligation is satisfied and revenue recognised is the point at which control of the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:430.1856px;\">commodity passes to the customer according to the contractual trading terms, usually on shipment or delivery to a specified location.<span class=\"_ _1\"></span><span class=\"ff6d\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:413.18158px;\">Energy sales to trading and energy procurement counterparties<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:399.92157px;\">Revenue arising from the sale of energy procured from generation asset owners to trading and energy procurement counterparties is also<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:386.66162px;\">recognised in a manner consistent with energy supply contracts. There is a single performance obligation being the supply of energy over<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:373.4016px;\">the contractual term at spot prices and revenue is recognised at the point at which energy is supplied to the counterparty in accordance<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:360.1416px;\">with the contractual terms.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:342.98163px;\">Revenue arising from contracts outside the scope of IFRS 15<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:329.72162px;\">Revenue from sources other than the Group\u2019s contracts with customers is recognised in accordance with the relevant standard,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:316.4616px;\">as detailed below:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:299.30157px;\">Fixed-fee service and insurance contracts: revenue from these contracts is recognised in the Group Income Statement with regard to the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:286.04156px;\">incidence of risk over the life of the contract, reflecting the seasonal propensity of claims to be made under the contracts and the benefits<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:272.78162px;\">receivable by the customer, which span the life of the contract as a result of emergency maintenance being available throughout the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:259.52158px;\">contract term.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:242.3616px;\">Power generation: revenue is recognised under IFRS 9 where contracts to supply power are measured at fair value.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:224.2656px;\">Cost of sales<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:210.38159px;\">Energy supply includes the cost of gas and electricity produced and purchased during the year for own-use contracts, taking into account<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:197.12158px;\">the industry reconciliation process for total gas and total electricity usage by supplier and related transportation, distribution, royalty costs<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:183.8616px;\">and bought-in materials and services.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:166.7016px;\">Cost of sales relating to fixed-fee service and insurance contracts includes direct labour and related overheads on installation work, repairs<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:153.44159px;\">and service contracts in the year.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:136.28156px;\">Cost of sales relating to gas production includes depreciation of assets used in production of gas, royalty costs and direct labour costs.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:119.12164px;\">Cost of sales within power generation businesses includes the depreciation of assets included in generating power, fuel purchase costs,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:105.8616px;\">direct labour costs and carbon emissions costs.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:87.765625px;\">Re-measurement and settlement of energy contracts<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:73.88156px;\">Re-measurement and settlement of energy contracts includes both realised (settled) commodity sales and purchase contracts in the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:60.621643px;\">scope of IFRS 9, as well as unrealised (fair value changes) on active contracts, as detailed further in note 2.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:42.525574px;\">Financing costs<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:28.641571px;\">Financing costs that arise in connection with the acquisition, construction or production of a qualifying asset are capitalised and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.381561px;\">subsequently amortised in line with the depreciation of the related asset. Financing costs not arising in connection with the acquisition,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1216278px;\">construction or production of a qualifying asset are expensed.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:715.548px;\">S2.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:27.244965px; bottom:715.05396px;\">Summary of significant accounting policies<span class=\"_ _1\"></span> </div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:693.89px;\">Foreign currencies<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:680.0059px;\">The consolidated Financial Statements are presented in pounds sterling, the functional currency of the Company and the Group\u2019s<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:666.746px;\">presentational currency. Each entity in the Group determines its own functional currency and items included in the financial statements of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:653.48596px;\">each entity are measured using that functional currency. Transactions in foreign currencies are initially recorded in the functional currency<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:640.22595px;\">of the entity at the exchange rate ruling at the date of the transaction.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:623.06604px;\">Monetary assets and liabilities denominated in foreign currencies are retranslated to the functional currency of the relevant entity at the rate<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:609.8059px;\">of exchange ruling at the balance sheet date and exchange movements included in the Group Income Statement for the period.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:592.646px;\">Non-monetary items that are measured at historical cost in a currency other than the functional currency of the entity concerned are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:579.386px;\">translated using the exchange rate prevailing at the dates of the initial transaction.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:562.22595px;\">For the purpose of presenting consolidated Financial Statements, the assets and liabilities of the Group\u2019s non-sterling functional currency<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:548.966px;\">subsidiary undertakings, joint ventures and associates are translated into pounds sterling at exchange rates prevailing at the balance sheet<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:535.70593px;\">date. The monthly results of these (generally foreign) subsidiary undertakings, joint ventures and associates are translated into pounds<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:522.446px;\">sterling each month at the average rates of exchange for that month. The closing exchange rates, and the average of the rates used to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:509.18597px;\">translate the results of foreign operations to pounds sterling are shown below.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:466.61096px;\">Exchange rate per pounds sterling (\u00a3)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:432.51346px; bottom:490.03693px;\">Closing rate at<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:434.63467px; bottom:480.677px;\">31 December<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:536.3386px; bottom:490.03693px;\">Average rate for the year ended<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:568.1972px; bottom:480.677px;\">31 December<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:437.79745px; bottom:466.052px;\">2022<span class=\"_ _f5\"> </span><span class=\"ff6b fcf\">2021<span class=\"_ _72\"> </span></span>2022<span class=\"_ _5b\"> </span><span class=\"ff6b fcf\">2021<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:451.011px;\">US dollars<span class=\"_ _233\"> </span><span class=\"ff66\">1.20<span class=\"_ _bc\"> </span></span>1.35<span class=\"_ _53\"> </span><span class=\"ff66\">1.24<span class=\"_ _1b9\"> </span></span>1.37<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:435.41095px;\">Canadian dollars<span class=\"_ _18e\"> </span><span class=\"ff66\">1.63<span class=\"_ _1b9\"> </span></span>1.71<span class=\"_ _53\"> </span><span class=\"ff66\">1.61<span class=\"_ _bc\"> </span></span>1.72<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:419.81097px;\">Euro<span class=\"_ _234\"> </span><span class=\"ff66\">1.14<span class=\"_ _bc\"> </span></span>1.19<span class=\"_ _53\"> </span><span class=\"ff66\">1.17<span class=\"_ _1b9\"> </span></span>1.16<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:404.21094px;\">Norwegian krone<span class=\"_ _163\"> </span><span class=\"ff66\">11.89<span class=\"_ _22\"> </span></span>11.93<span class=\"_ _f5\"> </span><span class=\"ff66\">11.84<span class=\"_ _22\"> </span></span>11.85<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:388.61096px;\">Danish krone<span class=\"_ _235\"> </span><span class=\"ff66\">8.51<span class=\"_ _bc\"> </span></span>8.85<span class=\"_ _53\"> </span><span class=\"ff66\">8.73<span class=\"_ _1b9\"> </span></span>8.65<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:365.60095px;\">Exchange adjustments arising from the retranslation of the opening net assets and results of non-sterling functional currency operations<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:352.341px;\">are transferred to the Group\u2019s foreign currency translation reserve, a separate component of equity, and are reported in other<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:339.081px;\">comprehensive income. In the event of the disposal of a non-sterling functional currency subsidiary, the cumulative translation difference<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:325.82098px;\">arising in the foreign currency translation reserve is charged or credited to the Group Income Statement on disposal. Where the Group<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:312.56097px;\">utilises net investment hedging, changes in the fair value of the hedging instrument are recognised in equity and remain there until the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:299.30096px;\">disposal of the specific, related investments, at which point the gains and losses are recycled to profit or loss. The Group previously<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:286.041px;\">employed net investment hedging but ceased in 2009, with historic hedging gains and losses remaining in equity until the disposal of the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:272.78098px;\">related investment. During 2020 the Group recommenced net investment hedging in respect of the US dollar functional currency<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:259.52097px;\">subsidiaries in its Direct Energy business up until the date of disposal in January 2021.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:241.42496px;\">Employee share schemes<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:227.54092px;\">The Group operates a number of employee share schemes, detailed in the Remuneration Report on pages 84 to 86, under which it makes<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:214.281px;\">equity-settled share-based payments to certain employees. Equity-settled share-based payments are measured at fair value at the date of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:201.02097px;\">grant (excluding the effect of non-market-based vesting conditions). The fair value determined at the grant date is expensed on a straight-<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:187.76096px;\">line basis together with a corresponding increase in equity over the vesting period, based on the Group\u2019s estimate of the number of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:174.50095px;\">awards that will vest, and adjusted for the effect of non-market-based vesting conditions.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:157.34094px;\">The majority of the share-based payment charge arises from the Annual Incentive Plan. This scheme is applicable to senior executives,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:144.081px;\">and senior and middle management. Shares issued under the scheme vest subject to continued employment within the Group in two<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:130.82098px;\">stages (half after two years and the other half after three years). Employees leaving prior to the vesting date will normally forfeit their rights<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:117.560974px;\">to unvested share awards. The fair value of the awards is measured using the market value at the date of grant.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:100.40094px;\">More information is included in the Remuneration Report on pages 84 to 86.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:82.30499px;\">Share buyback programme<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:68.42099px;\">On 10th November 2022, the Group announced an intention to undertake a share buyback of \u00a3250 million, expected to complete by<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:55.160965px;\">31 May 2023. The Group entered into contracts with third parties to undertake this repurchase programme and, as at 31 December 2022,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:41.900955px;\">\u00a343 million of shares had been purchased. The Group has recognised a financial liability on the basis that the terms and conditions of the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:28.640945px;\">contracts mean that, as at the year-end, it was unable to cancel the remaining obligation during the period to the Group\u2019s Preliminary<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.380997px;\">Announcement on 16 February 2023. Accordingly, the Group has recorded a financial liability of \u00a3207 million for this remaining obligation,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1209717px;\">in accordance with IFRS 9: \u2018Financial Instruments\u2019.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:807.798px;\">S2.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:27.244965px; bottom:807.30396px;\">Summary of significant accounting policies<span class=\"_ _1\"></span> </div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:786.14px;\">Business combinations and goodwill<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:772.2559px;\">The acquisition of subsidiaries is accounted for using the acquisition method (at the point the Group gains control over a business as<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:758.996px;\">defined by IFRS 3). The cost of the acquisition is measured as the cash paid and the aggregate of the fair values, at the date of exchange,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:745.73596px;\">of other assets transferred, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:732.47595px;\">acquiree. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:719.216px;\">arrangement at the acquisition date.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:702.0559px;\">Acquisition-related costs are expensed as incurred. The identifiable assets, liabilities and contingent liabilities are recognised at their fair<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:688.79596px;\">value at the acquisition date, except for non-current assets (or disposal groups) that are classified as held for sale in accordance with IFRS<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:675.53595px;\">5. The Group recognises any non-controlling interests in the acquiree either at fair value or at the non-controlling interests\u2019 proportionate<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:662.27594px;\">share of the recognised amounts of the acquiree\u2019s identifiable net assets.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:645.116px;\">Goodwill arising on a business combination represents the excess of the consideration transferred, the amount of the non-controlling<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:631.8559px;\">interests and the acquisition date fair value of any previously held interest in the acquiree over the Group\u2019s interest in the fair value of the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:618.59595px;\">identifiable net assets acquired. Goodwill arising on the acquisition of a stake in a joint venture or an associate represents the excess of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:605.33594px;\">the consideration transferred over the Group\u2019s interest in the fair value of the identifiable assets and liabilities of the investee at the date of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:592.0759px;\">acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less any accumulated impairment<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:578.81604px;\">losses. The goodwill arising on an investment in a joint venture or in an associate is not recognised separately, but is shown under<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:565.5559px;\">\u2018Interests in joint ventures and associates\u2019 in the Group Balance Sheet. If, after reassessment, the Group\u2019s interest in the net fair value of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:552.29596px;\">the acquiree\u2019s identifiable assets, liabilities and contingent liabilities exceeds the cost of the business combination, the excess is<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:539.03595px;\">recognised immediately in the Group Income Statement.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:521.876px;\">Acquisitions of joint operations that meet the definition of a business as defined in IFRS 3 are accounted for as business combinations.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:504.716px;\">On disposal of a subsidiary, associate or joint venture entity, any amount of goodwill attributed to that entity is included in the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:491.456px;\">determination of the profit or loss on disposal. A similar accounting treatment is applied on disposal of assets that represent a business.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:473.36px;\">Other intangible assets<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:459.47595px;\">Intangible assets acquired separately are measured on initial recognition at cost.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:442.31598px;\">Capitalisation begins when expenditure for the asset is being incurred and activities necessary to prepare the asset for use are in progress<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:429.05597px;\">and ceases when substantially all the activities that are necessary to prepare the asset for use are complete. Amortisation commences at<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:415.79596px;\">the point of commercial deployment. The cost of intangible assets acquired in a business combination is their fair value as at the date of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:402.53595px;\">acquisition.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:385.37595px;\">Following initial recognition, intangible assets are carried at cost less any accumulated amortisation and any accumulated impairment<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:372.11597px;\">losses. Intangible assets with finite lives are amortised over their useful lives and are tested for impairment, as part of the CGU to which<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:358.85596px;\">they relate where necessary, annually and whenever there is an indication that the asset could be impaired. The amortisation period and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:345.59598px;\">method for an intangible asset are reviewed at each financial year end. Changes in the expected useful life or the expected pattern of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:332.33597px;\">consumption of future economic benefits embodied in the asset are accounted for on a prospective basis by changing the amortisation<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:319.07596px;\">period or method, as appropriate, and treated as changes in accounting estimates.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:301.91592px;\">Intangible assets are derecognised on disposal, or when no future economic benefits are expected from their use.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:284.756px;\">Intangible assets with indefinite useful lives are not amortised but tested for impairment annually, and whenever there is an indication that<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:271.49597px;\">the intangible asset could be impaired, either individually or at the CGU level. The indefinite life assessment is reviewed annually and, if not<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:258.23596px;\">supportable, the change in the useful life assessment from indefinite to finite is made on a prospective basis.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:241.07596px;\">The useful economic lives for the principal categories of intangible assets are as follows:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:220.92596px;\">Customer relationships and other contractual assets<span class=\"_ _236\"> </span>Up to 20 years<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:205.32596px;\">Strategic identifiable acquired brands<span class=\"_ _237\"> </span>Indefinite<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:189.72595px;\">Application software<span class=\"_ _1e7\"> </span>Up to 15 years<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:170.61594px;\">Strategic identifiable acquired brands are deemed to have indefinite lives where evidence suggests that the brand will generate net cash<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:157.35602px;\">inflows for the Group for an indefinite period.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:139.25993px;\">Cloud computing arrangements<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:125.375946px;\">The Group has a number of contracts for Software as a Service (SaaS) and Platform as a Service (PaaS) Cloud Computing Arrangements.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:112.11594px;\">These contracts permit the Group to access vendor-hosted software and platform services over the term of the arrangement. The Group<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:98.856px;\">does not control the underlying assets in these arrangements and costs are expensed as incurred.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:81.695984px;\">The Group also incurs implementation costs in respect of these contracts. Implementation costs are capitalised as intangible assets where<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:68.43596px;\">costs meet the definition and recognition criteria of an intangible asset under IAS 38. Such costs typically relate to software coding which<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:55.17595px;\">is capable of providing benefit to the Group on a standalone basis. Other implementation costs, primarily relating to the configuration and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:41.91594px;\">customisation of the Cloud software solution, are assessed to determine whether the implementation activity relating to these costs is<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:28.656006px;\">distinct from the Cloud Arrangement, in which case costs are expensed as the activity occurs. If the configuration and customisation costs<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.395981px;\">relate to activity which is integral to the Cloud Arrangement such that the activity is received over the term of the Cloud Arrangement,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1359634px;\">costs are recognised as a prepayment and expensed over the term of the Cloud Arrangement.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:786.46985px;\">S2.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:27.244965px; bottom:785.9758px;\">Summary of significant accounting policies<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:764.8119px;\">UK &amp; EU Emissions Trading Scheme<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:750.9278px;\">Purchased carbon dioxide emissions allowances are recognised initially at cost (purchase price) within intangible assets. The liability is<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:737.66785px;\">measured at the cost of purchased allowances up to the level of purchased allowances held, and then at the market price of allowances<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:724.40784px;\">ruling at the balance sheet date, with movements in the liability recognised in operating profit.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:707.2478px;\">Forward contracts for the purchase or sale of carbon dioxide emissions allowances are measured at fair value with gains and losses<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:693.9879px;\">arising from changes in fair value recognised in the Group Income Statement. The intangible asset is surrendered and the liability is<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:680.7278px;\">extinguished at the end of the compliance period. No amortisation is charged up to the date of surrender as the cost and residual value<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:667.46783px;\">of the intangible asset are deemed to be the same with no consumption of economic benefit.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:649.3718px;\">Renewable certificates<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:635.4879px;\">The Group purchases renewable certificates both on a standalone basis, and through Power Purchase Agreements. The main types of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:622.2278px;\">renewable certificates acquired are Renewable Energy Guarantees of Origin (REGOs) which are certificates issued by Ofgem certifying that<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:608.96783px;\">electricity has been produced from renewable sources, Renewable Obligation Certificates (ROCs) which are issued to accredited<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:595.7078px;\">generators for the eligible renewable electricity they generate and Guarantees of Origin (GoOs) which are the EU equivalent of REGOs.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:582.4478px;\">The Group uses renewable certificates to meet its obligations und<span class=\"_ _1\"></span>er a number of Ofgem schemes, namely the Feed-in Tariff (FIT), the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:569.18787px;\">Contracts for Difference (CFD), the Fuel Mix Disclosure (FMD) and the Renewables Obligation (RO) <span class=\"_ _1\"></span>scheme.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:552.0278px;\">Purchased renewable certificates are recognised initially at cost within intangible assets as an indefinite life asset. A liability for the RO is<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:538.7678px;\">recognised based on the level of electricity supplied to customers, and is calculated in accordance with percentages set by the UK<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:525.5078px;\">Government and the renewable obligation certificate buyout price for that period.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:508.34784px;\">The intangible asset is surrendered and the liability is extinguished at the end of the compliance period to reflect the consumption of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:495.08783px;\">economic benefits. Any recycling benefit related to the submission of renewable obligation certificates is recognised in the Group Income<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:481.82782px;\">Statement when received. The Group also recognises supplier obligations for CFD and FIT schemes; renewable certificates are used to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:468.56787px;\">offset these liabilities.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:451.40784px;\">Cash flows relating to renewable obligation certificates and similar schemes are recognised within cash flows from operating activities.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:433.31183px;\">Exploration, evaluation, development and production assets<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:419.42786px;\">The Group uses the successful efforts method of accounting for exploration and evaluation expenditure. Exploration and evaluation<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:406.16785px;\">expenditures associated with an exploration well, including acquisition costs related to exploration and evaluation activities are capitalised<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:392.90784px;\">initially as intangible assets. Certain expenditures such as geological and geophysical exploration costs are expensed. If the prospects are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:379.64783px;\">subsequently determined to be successful on completion of evaluation, the relevant expenditure is transferred to PP&amp;E. If the prospects<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:366.38785px;\">are subsequently determined to be unsuccessful, the associated costs are expensed in the period in which that determination is made.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:349.22784px;\">All field development costs are capitalised as PP&amp;E. Such costs relate to the acquisition and installation of production facilities and include<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:335.96786px;\">development drilling costs, project-related engineering and other technical services costs. PP&amp;E, including rights and concessions related<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:322.70782px;\">to production activities, is depreciated from the commencement of production in the fields concerned, using the unit of production<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:309.4478px;\">method, based on all of the 2P reserves of those fields. Changes in these estimates are dealt with prospectively.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:292.2878px;\">The net carrying value of fields in production and development is compared annually on a field-by-field basis with the likely discounted<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:279.0279px;\">future net revenues to be derived from the remaining commercial reserves. An impairment loss is recognised where it is considered that<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:265.76785px;\">recorded amounts are unlikely to be fully recovered from the net present value of future net revenues. Exploration assets are reviewed<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:252.50784px;\">annually for indicators of impairment and production and development assets are tested annually for impairment.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:234.41187px;\">Interests in joint arrangements and associates<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff6d fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:220.37189px;\">T<span class=\"ff65\">he Group\u2019s joint ventures and associates (as defined in note 6) are accounted for using the equity method.<span class=\"_ _2b7\"> </span></span><span class=\"ff65\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:201.0279px;\">The Group\u2019s interests in joint operations (gas exploration and production licence arrangements) are accounted for by recognising its<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:187.76785px;\">assets (including its share of assets held jointly), its liabilities (including its share of liabilities incurred jointly), its revenue from the sale of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:174.50784px;\">its share of the output arising from the joint operation, its share of the revenue from the sale of the output by the joint operation and its<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:161.24783px;\">expenses (including its share of any expenses incurred jointly).<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:144.0878px;\">Where the Group has an equity stake or a participating interest in operations governed by a joint arrangement for which it is acting as<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:130.82788px;\">operator, an assessment is carried out to confirm whether the Group is acting as agent or principal. As the terms and conditions<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:117.567856px;\">negotiated between business partners usually provide joint control to the parties over the relevant activities of the gas fields that are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:104.307846px;\">governed by joint arrangements, the Group is usually deemed to be an agent when it is appointed as operator and not as principal as the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:91.04782px;\">contracts entered into presents gross liabilities and gross receivables of joint operations (including amounts due to or from non-operating<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:77.78781px;\">partners) in the Group Balance Sheet in accordance with the netting rules of IAS 32: \u2018Financial instruments \u2013 presentation\u2019.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:59.691833px;\">Property, plant and equipment<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:45.807846px;\">PP&amp;E is included in the Group Balance Sheet at cost, less accumulated depreciation and any provisions for impairment.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:28.647827px;\">Subsequent expenditure in respect of items of PP&amp;E, such as the replacement of major parts, major inspections or overhauls, are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.387817px;\">capitalised as part of the cost of the related asset where it is probable that future economic benefits will arise as a result of the expenditure<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1278763px;\">and the cost can be reliably measured. All other subsequent expenditure is expensed as incurred.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:826.5511px;\">S2.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:27.244965px; bottom:826.05707px;\">Summary of significant accounting policies<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:805.82904px;\">Freehold land is not depreciated. Other PP&amp;E, with the exception of upstream production assets (see above), are depreciated on a<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:792.56915px;\">straight-line basis at rates sufficient to write off the cost, less estimated residual values, of individual assets over their estimated useful<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:779.309px;\">lives. The depreciation periods for the principal categories of assets are as follows:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:759.15906px;\">Freehold and leasehold buildings<span class=\"_ _238\"> </span>Up to 50 years<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:743.559px;\">Plant<span class=\"_ _239\"> </span>5 to 20 years<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:727.95905px;\">Equipment and vehicles<span class=\"_ _199\"> </span>3 to 10 years<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:712.359px;\">Power generation assets<span class=\"_ _23a\"> </span>Up to 30 years<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:689.34906px;\">The carrying values of PP&amp;E are tested annually for impairment and are reviewed for impairment when events or changes in circumstances<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:676.08905px;\">indicate that the carrying value may not be recoverable. Residual values and useful lives are reassessed annually and, if necessary,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:662.82904px;\">changes are accounted for prospectively.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:644.7331px;\">Impairment assumptions<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:630.84906px;\">The Group tests the carrying amounts of goodwill, PP&amp;E and intangible assets (with the exception of exploration assets) for impairment<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:617.58905px;\">at least annually. Interests in joint ventures and associates and exploration assets are reviewed annually for indicators of impairment and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:604.32904px;\">tested for impairment where such an indicator arises. Where an asset does not generate cash flows that are independent from other<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:591.06915px;\">assets, the Group estimates the recoverable amount of the CGU to which the asset belongs. The recoverable amount is the higher of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:577.8091px;\">value in use (VIU) and fair value less costs of disposal (FVLCD).<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:560.6491px;\">At inception, goodwill is allocated to each of the Group\u2019s CGUs or groups of CGUs that expect to benefit from the business combination<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:547.3891px;\">in which the goodwill arose. If the recoverable amount of an asset (or CGU) is estimated to be less than its carrying amount, the carrying<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:534.1291px;\">amount of the asset (or CGU) is reduced to its recoverable amount. Any impairment is expensed immediately in the Group Income<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:520.8691px;\">Statement. Any CGU impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the CGU and then to the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:507.60907px;\">other assets of the CGU pro rata on the basis of the carrying amount of each asset in the CGU.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:490.4491px;\">Further information on the assumptions used in the VIU calculations and FVLCD calculations that resulted in impairment or impairment<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:477.1891px;\">reversals during the year can be found at note 7.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:460.02905px;\">VIU \u2013 Key assumptions used<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:446.7691px;\">Pre-tax cash flows used in the VIU calculations are derived from the Group\u2019s Board-approved business plans, and assumptions sp<span class=\"_ _1\"></span>ecific to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:433.5091px;\">the nature and life of the asset. The Group\u2019s business plans and assumptions are based on past experience and adjusted to reflect market<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:420.24908px;\">trends, economic conditions and key risks. Commodity prices used in the planning process are based in part on observable market data<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:406.98907px;\">and in part on estimates. Note S6 provides additional detail on the active period of each of the commodity markets in which the Group<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:393.72906px;\">operates.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h27 ff67 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:376.5691px;\">(a) VIU \u2013 Growth rates and discount rates<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:363.30908px;\">Unless stated otherwise in the table below, cash flows beyond the planned period have been extrapolated using long-term growth rates in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:350.0491px;\">the market where the CGU operates. Long-term growth rates are determined using a blend of publicly available historical data and long-<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:336.78906px;\">term growth rate forecasts published by external analysts. Cash flows are discounted using a discount rate specific to each CGU.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:323.52905px;\">Discount rates reflect the current market assessments of the time value of money and are based on the estimated cost of capital of each<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:310.26904px;\">CGU. Additionally, risks specific to the cash flows of the CGUs are reflected within cash flow forecasts. Each CGU\u2019s weighted average<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:297.00912px;\">cost of capital is then adjusted to reflect the impact of tax in order to calculate an equivalent pre-tax discount rate.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:279.8491px;\">Long-term growth rates and pre-tax discount rates used in the VIU calculations for each of the Group\u2019s CGUs are shown below.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:195.7651px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:236.31277px; bottom:223.84506px;\">British Gas<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:237.75409px; bottom:214.48508px;\">Services &amp;<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:241.74509px; bottom:205.12503px;\">Solutions<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:270.1934px; bottom:195.7651px;\">%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:292.41428px; bottom:214.48508px;\">British Gas<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:306.77747px; bottom:205.12503px;\">Energy</div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:322.3394px; bottom:195.7651px;\"> %<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:356.74335px; bottom:242.5651px;\">Centrica<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:355.43387px; bottom:233.20508px;\">Business<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:353.70877px; bottom:223.84506px;\">Solutions<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:362.65237px; bottom:214.48508px;\">Energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:362.65237px; bottom:205.12503px;\">Supply<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:380.2414px; bottom:195.7651px;\">%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:416.3191px; bottom:214.48508px;\">Bord G\u00e1is<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:427.50458px; bottom:205.12503px;\">Energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:444.5741px; bottom:195.7651px;\">%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:485.14008px; bottom:251.92505px;\">Centrica<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:482.73724px; bottom:242.5651px;\">Business<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:482.73724px; bottom:233.20508px;\">Solutions<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:481.4201px; bottom:223.84506px;\">(turbines/<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:485.14008px; bottom:214.48508px;\">engines/<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:460.0528px; bottom:205.12503px;\">battery/solar)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fc12 sc0 ls0 ws0\" style=\"left:512.88794px; bottom:207.90964px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:508.53656px; bottom:195.7651px;\">%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:555.00037px; bottom:223.84506px;\">Energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:536.3386px; bottom:214.48508px;\">Marketing &amp;<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:552.4134px; bottom:205.12503px;\">Trading<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:574.04535px; bottom:195.7651px;\">%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:616.25635px; bottom:205.12503px;\">Nuclear<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fc12 sc0 ls0 ws0\" style=\"left:646.87134px; bottom:207.90964px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:643.43933px; bottom:195.7651px;\">%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:180.72409px;\">Growth rate to perpetuity (including inflation)<span class=\"_ _f9\"> </span><span class=\"ff66\">2.0<span class=\"_ _2a\"> </span>2.0<span class=\"_ _2a\"> </span>2.0<span class=\"_ _85\"> </span>1.9<span class=\"_ _4d\"> </span>N/A<span class=\"_ _85\"> </span>2.0<span class=\"_ _2d\"> </span>N/A<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:165.12408px;\">Pre-tax discount rate<span class=\"_ _de\"> </span><span class=\"ff66\">9.3<span class=\"_ _109\"> </span>10.0<span class=\"_ _b4\"> </span>11.3<span class=\"_ _85\"> </span>8.1<span class=\"_ _7e\"> </span>9.3/8.0</span></div><div class=\"t m0 hde ff66 fs63 fcf sc0 ls0 ws0\" style=\"left:508.53656px; bottom:168.60486px;\"> (ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:561.6269px; bottom:165.12408px;\">11.3<span class=\"_ _53\"> </span>24.8<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:73.89011px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:238.94644px; bottom:101.97008px;\">British Gas<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:240.0373px; bottom:92.61006px;\">Services &amp;<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:244.11124px; bottom:83.250046px;\">Solutions<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:270.1934px; bottom:73.89011px;\">%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:293.70038px; bottom:92.61006px;\">British Gas<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:308.36008px; bottom:83.250046px;\">Energy</div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:322.3394px; bottom:73.89011px;\"> %<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:359.30734px; bottom:120.69011px;\">Centrica<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:356.74335px; bottom:111.33009px;\">Business<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:355.43387px; bottom:101.97008px;\">Solutions<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:363.66287px; bottom:92.61006px;\">Energy<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:363.66287px; bottom:83.250046px;\">Supply<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:380.2414px; bottom:73.89011px;\">%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:417.73636px; bottom:92.61006px;\">Bord G\u00e1is<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:428.63907px; bottom:83.250046px;\">Energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:444.5741px; bottom:73.89011px;\">%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:487.37256px; bottom:130.05003px;\">Centrica<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:485.14008px; bottom:120.69011px;\">Business<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:483.75983px; bottom:111.33009px;\">Solutions<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:483.75983px; bottom:101.97008px;\">(turbines/<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:487.37256px; bottom:92.61006px;\">engines/<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:464.47748px; bottom:83.250046px;\">battery/solar)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hed ff6b fs64 fcf sc0 ls0 ws0\" style=\"left:512.88794px; bottom:86.03464px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:508.53656px; bottom:73.89011px;\">%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:556.37225px; bottom:101.97008px;\">Energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:539.3072px; bottom:92.61006px;\">Marketing &amp;<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:555.00037px; bottom:83.250046px;\">Trading<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:574.04535px; bottom:73.89011px;\">%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:619.1339px; bottom:83.250046px;\">Nuclear<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hed ff6b fs64 fcf sc0 ls0 ws0\" style=\"left:647.9893px; bottom:86.03464px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:643.43933px; bottom:73.89011px;\">%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:58.84909px;\">Growth rate to perpetuity (including inflation)<span class=\"_ _f9\"> </span>2.0<span class=\"_ _2a\"> </span>2.0<span class=\"_ _2a\"> </span>2.0<span class=\"_ _85\"> </span>1.5<span class=\"_ _21\"> </span>N/A<span class=\"_ _85\"> </span>2.0<span class=\"_ _f7\"> </span>N/A<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:43.249084px;\">Pre-tax discount rate<span class=\"_ _de\"> </span>8.0<span class=\"_ _2a\"> </span>8.0<span class=\"_ _2a\"> </span>8.7<span class=\"_ _85\"> </span>7.1<span class=\"_ _14d\"> </span>6.7/5.3</div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:508.53656px; bottom:46.729843px;\"> (ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:568.1972px; bottom:43.249084px;\">8.7<span class=\"_ _53\"> </span>14.7<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:24.035065px;\">(i)<span class=\"_ _1b7\"> </span>Cash flows arising after the plan period have been derived from forecasts to the end of the asset lives. Due to the nature of these finite-lived assets this provides a more<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:13.895081px;\">appropriate valuation in later years.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:1.8050919px;\">(ii)<span class=\"_ _147\"> </span>Battery and solar discount rates respectively.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:502.8136px;\">S2.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:27.244965px; bottom:502.31958px;\">Summary of significant accounting policies<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h27 ff67 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:482.09155px;\">(b) VIU \u2013 Inflation rates<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:468.83167px;\">Inflation rates used in the business plan were based on a blend of <span class=\"_ _1\"></span>publicly available inflation forecasts and range from 1.9% to 9.6%.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h27 ff67 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:451.67157px;\">(c) Key operating assumptions by CGUs using VIU<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:438.41162px;\">The key operating assumptions across all CGUs are gross margin, revenues and operating costs. These assumptions are tailored to the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:425.1516px;\">specific CGU using management\u2019s knowledge of the environment, as shown in the table below:<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:405.4956px;\">CGU<span class=\"_ _179\"> </span>Gross margin<span class=\"_ _5f\"> </span>Revenues<span class=\"_ _17d\"> </span>Operating costs<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:389.89563px;\">All \u2013 base<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:378.19562px;\">assumptions<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:389.89563px;\">Existing customers: based on<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:378.19562px;\">contractual terms.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:366.4956px;\">Losses are forecast based on historic<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:354.7956px;\">data and future expectations of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:343.09558px;\">the market.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:331.39563px;\">New customers and renewals: based<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:319.69562px;\">on gross margins achieved in the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:307.9956px;\">period leading up to the date of the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:296.2956px;\">business plan. Both adjusted for<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:284.59558px;\">current market conditions and cost of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:272.89563px;\">goods inflation.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:261.19562px;\">For the Services business, future sales<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:249.4956px;\">and related gross margins are based<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:237.7956px;\">on planned future product sales and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:226.09558px;\">contract losses based upon past<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:214.39563px;\">performance and future expectations<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:202.69562px;\">of the competitive environment.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:303.6194px; bottom:389.89563px;\">Existing customers: based on<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:303.6194px; bottom:378.19562px;\">contractual terms.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:303.6194px; bottom:366.4956px;\">Losses are forecast based on historic<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:303.6194px; bottom:354.7956px;\">data and future expectations of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:303.6194px; bottom:343.09558px;\">the market.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:303.6194px; bottom:331.39563px;\">Adjusted for: growth forecasts which<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:303.6194px; bottom:319.69562px;\">are based on sales and marketing<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:303.6194px; bottom:307.9956px;\">activity, recent customer acquisitions<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:303.6194px; bottom:296.2956px;\">and the current economic environment<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:303.6194px; bottom:284.59558px;\">in the relevant geography.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:303.6194px; bottom:272.89563px;\">Gas and electricity revenues based<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:303.6194px; bottom:261.19562px;\">on forward market prices.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:303.6194px; bottom:249.4956px;\">Market share: percentage immediately<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:303.6194px; bottom:237.7956px;\">prior to business plan.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:478.81934px; bottom:389.89563px;\">Wages: projected headcount in line<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:478.81934px; bottom:378.19562px;\">with expected efficiency programme.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:478.81934px; bottom:366.4956px;\">Salary increases based on inflation<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:478.81934px; bottom:354.7956px;\">expectations.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:478.81934px; bottom:343.09558px;\">Credit losses: historical assumptions<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:478.81934px; bottom:331.39563px;\">regarding realised cash losses have<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:478.81934px; bottom:319.69562px;\">been updated to reflect the current<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:478.81934px; bottom:307.9956px;\">environment.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:187.09558px;\">Energy Marketing &amp;<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:175.39563px;\">Trading<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:187.09558px;\">Existing and new markets:<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:175.39563px;\">management\u2019s estimate of future<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:163.69562px;\">trading performance.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:303.6194px; bottom:187.09558px;\">As above.<span class=\"_ _23b\"> </span>Future development: increase in costs<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:478.81934px; bottom:175.39563px;\">to support growth forecasts, adjusted<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:478.81934px; bottom:163.69562px;\">for planned business process<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:478.81934px; bottom:151.9956px;\">efficiencies.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:136.39563px;\">Centrica Business<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:124.69562px;\">Solutions (turbines/<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:112.995605px;\">engines/battery/solar)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:136.39563px;\">Based on forecast revenues,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:124.69562px;\">operations and maintenance costs,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:112.995605px;\">grid network and balancing system<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:128.37936px; bottom:101.29559px;\">charges for the asset life.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:303.6194px; bottom:136.39563px;\">Based on forward and contracted<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:303.6194px; bottom:124.69562px;\">prices for commodity, capacity market<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:303.6194px; bottom:112.995605px;\">and grid ancillary service contracts for<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:303.6194px; bottom:101.29559px;\">the asset life.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:478.81934px; bottom:136.39563px;\">Based on run-rate and forecast<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:478.81934px; bottom:124.69562px;\">changes, including expected inflation<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:478.81934px; bottom:112.995605px;\">for the asset life.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:72.95557px;\">Overlift and underlift<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:59.071594px;\">Off-take arrangements for gas produced from joint operations are often such that it is not practical for each participant to receive or sell its<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:45.811615px;\">precise share of the overall production during the period. This results in short-term imbalances between cumulative production entitlement<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:32.551575px;\">and cumulative sales, referred to as overlift and underlift.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.391571px;\">An overlift payable, or underlift receivable, is recognised at the balance sheet date within trade and other payables or trade and other<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1315613px;\">receivables respectively, and is measured at market value, with movements in the period recognised within cost of sales.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:695.7355px;\">S2.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:27.244965px; bottom:695.24146px;\">Summary of significant accounting policies<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:674.0775px;\">Leases<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:660.1934px;\">The Group assesses its contractual arrangements to determine whether they are or contain leases based on whether they convey the right<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:646.9335px;\">to control the use of an identified asset for a period of time in exchange for consideration.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:629.77344px;\">The Group recognises a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:616.5134px;\">measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:603.25354px;\">commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:589.9934px;\">restore the underlying asset or the site on which it is located, less any lease incentives received.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:572.8335px;\">The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier of the end<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:559.5735px;\">of the useful life of the right-of-use asset or the end of the lease term. The estimated useful lives of right-of-use assets are determined on<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:546.3135px;\">the same basis as those of property and equipment. In addition, the right-of-us<span class=\"_ _1\"></span>e asset is periodically reduced by impairment losses, if any,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:533.0535px;\">and adjusted for certain re-measurements of the lease liability.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:515.89343px;\">The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:502.63348px;\">using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group\u2019s incremental borrowing rate. The<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:489.37347px;\">liabilities for the majority of the Group\u2019s lease portfolio are calculated using the incremental borrowing rate. This rate is calculated on a<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:476.11346px;\">lease-by-lease basis, taking into account the credit rating of the Group at the inception of the lease and the lease term. The credit<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:462.85352px;\">adjustment used in this calculation is modified to reflect the security implicit in a lease arrangement based on the specific class of asset<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:449.59344px;\">being leased.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:432.43347px;\">Lease payments included in the measurement of the lease liability comprise: fixed payments (including in-substance fixed payments),<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:419.17346px;\">variable lease payments that depend on an index or a rate (initially measured using the index or rate as at the commencement date),<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:405.91345px;\">amounts expected to be payable under a residual value guarantee, the exercise price under a purchase option that the Group is<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:392.6535px;\">reasonably certain to exercise, lease payments in an optional renewal period if the Group is reasonably certain to exercise an extension<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:379.3935px;\">option, and penalties for early termination of a lease unless the Group is reasonably certain not to terminate early. When considering<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:366.13348px;\">whether the Group is reasonably certain to exercise extension or termination options, various factors are considered, such as the level of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:352.87347px;\">lease payments relative to the market rate, the importance of the specific asset to the Group\u2019s operations and the period remaining until<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:339.61346px;\">the option becomes exercisable. Such judgements are reconsidered when there is a significant event or change of circumstances that is<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:326.35345px;\">within the control of the Group. Variable lease payments that do not depend on an index or rate are recognised in profit or loss in the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:313.09344px;\">period in which the event or condition that triggers those payments occurs.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:295.93347px;\">The lease liability is subsequently measured at amortised cost using the effective interest method. It is re-measured when there is a<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:282.67346px;\">change in future lease payments arising from a change in an index or rate, if there is a change in the Group's estimate of the amount<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:269.41345px;\">expected to be payable under a residual value guarantee, or if the Group changes its assessment of whether it will exercise a purchase,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:256.15347px;\">lease-term extension or termination option. Cash flows reflecting payment of capital and interest on leases are shown in cash flows from<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:242.89346px;\">financing activities.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:225.73349px;\">When the lease liability is re-measured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use of asset<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:212.47345px;\">or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:195.31345px;\">The Group recognises the lease payments associated with short-term leases (leases expiring within twelve months from commencement)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:182.05344px;\">and leases of low value assets (underlying asset value less than \u00a35,000) on a straight-line basis over the lease term.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:164.8935px;\">The Group holds interests in a number of joint operations within its exploration and production business. The Group has applied<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:151.63348px;\">judgement in identifying the customer where a lease arrangement is to be used by a jointly controlled operation.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:134.47345px;\">If the leased asset is dedicated to a specific joint operation and its usage is dictated by the joint operating agreement, the joint operation<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:121.21344px;\">is deemed the customer. In such instances:<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:104.05344px;\">\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">When the Group signs a lease agreement on behalf of a joint operation and has primary responsibility for payments to the lessor, the<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:10.344963px; bottom:90.79352px;\">Group recognises 100% of the lease liability and a right-of-use asset on its balance sheet. When the partner is obliged to reimburse the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:10.344963px; bottom:77.53348px;\">Group for its share of lease payments, a sub-lease receivable is recognised and an equal adjustment to the right-of-use asset is made.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:60.373474px;\">\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">When the partner has the primary responsibility for payments to the lessor and the Group is obliged to reimburse its share of the lease<span class=\"_ _2b7\"> </span></span><span class=\"fcf\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:10.344963px; bottom:47.113464px;\">payments, a lease liability due to the partner and equal right-of-use asset are recognised.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:28.653442px;\">If the leased asset is not dedicated to a specific joint operation or its usage is not dictated by the joint operating agreement of a joint<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.393509px;\">operation to which it is dedicated, the signatory to the lease agreement is deemed the customer. If this is the Group, the lease liability and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.133484px;\">right-of-use asset are recognised in full. If it is the partner, no lease liability or right-of-use asset is recognised.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:825.46985px;\">S2.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:27.244965px; bottom:824.9758px;\">Summary of significant accounting policies<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:803.8119px;\">Inventories<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:789.9278px;\">Inventories of finished goods are valued at the lower of cost (using weighted-average cost) or estimated net realisable value after<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:776.66785px;\">allowance for redundant and slow-moving items. The cost of inventories includes the purchase price plus costs of conversion incurred in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:763.40784px;\">bringing the inventories to their present location and condition.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:746.2478px;\">Inventory of gas in storage held for the purpose of the Group\u2019s own use is measured on a weighted-average cost basis, whilst gas used<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:732.9879px;\">for trading purposes is measured at fair value less any costs to sell. Changes in fair value less costs to sell are recognised in the Group<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:719.7278px;\">Income Statement.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:701.63184px;\">Securities<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:687.7478px;\">The Group holds debt and equity securities predominantly in respect of the Centrica Unfunded Pension Scheme (see note 22). Debt<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:674.4879px;\">securities are required to be measured at fair value through profit or loss under IFRS 9, as the contractual terms of these assets do not<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:661.2278px;\">give rise to cash flows that are solely payments of principal and interest on the principal amounts outstanding. The Group has elected to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:647.96783px;\">recognise the changes in fair value of the equity securities in other comprehensive income. The Group has also elected to recognise the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:634.7078px;\">changes in fair value of certain equity trade investments held by Centrica Innovations in other comprehensive income. Further details can<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:621.4478px;\">be found in the accounting policy on financial instruments.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:603.35187px;\">Government grants<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:589.46783px;\">Government grants are transfers of resources to the Group in return for past or future compliance with certain conditions relating to the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:576.2078px;\">operating activities of the entity. Government assistance is designed to provide an economic benefit that is specific to an entity qualifying<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:562.9478px;\">under certain criteria. The Group recognises government grants only when there is reasonable assurance that the Group will comply with<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:549.68787px;\">the conditions attached to them and the grant will be received. Government grants are recognised in profit and loss on a systematic basis<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:536.42786px;\">over the periods in which the Group recognises as expenses the related costs for which the grants are intended to compensate.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:523.16785px;\">Government grants related to assets are deducted from the carrying amount of the asset.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:506.0078px;\">In 2021 and 2022 the Group recognised a SoLR receivable in relation to amounts recoverable under the Last Resort Supplier Payment<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:492.7478px;\">mechanism administered by Ofgem, a government body, which is detailed in note 1. This process allows suppliers, appointed as <span class=\"_ _1\"></span>Supplier<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:479.48785px;\">of Last Resort, to recover costs reasonably incurred in supplying affected customers. The receivable recognised reflects amounts incurred<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:466.22784px;\">primarily on commodity costs up to the reporting date which are recoverable under the LRSP claim. The associated credit has been<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:452.96783px;\">recognised in cost of sales and operating costs.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:434.87183px;\">Decommissioning costs<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:420.98785px;\">A provision is made for the net present value of the estimated cost of decommissioning gas production facilities at the end of the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:407.72784px;\">producing lives of fields and power stations at the end of their useful lives, based on price levels and technology at the balance sheet date.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:390.56784px;\">When this provision relates to an asset with sufficient future economic benefits, a decommissioning asset is recognised and included as<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:377.30783px;\">part of the associated PP&amp;E and depreciated accordingly. The asset is subject to impairment review as detailed above. Changes in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:364.04782px;\">estimates and discount rates are dealt with prospectively and reflected as an adjustment to the provision and corresponding<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:350.78784px;\">decommissioning asset included within PP&amp;E. The discount rate used to calculate the provision is 1% as discussed in note 3.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:337.5279px;\">The unwinding of the discount on the provision is included in the Group Income Statement within financing costs.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:319.43182px;\">Non-current assets and disposal groups held for sale and discontinued operations<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:305.54782px;\">Non-current assets and disposal groups classified as held for sale are measured at the lower of carrying amount and fair value less costs<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:292.2878px;\">of disposal. No depreciation is charged in respect of non-current assets classified as held for sale.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:275.12787px;\">Non-current assets and disposal groups are classified as held for sale if their carrying amount will be recovered through a sale transaction<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:261.86786px;\">rather than through continuing use. This condition is regarded as met only when the sale is highly probable, the asset or disposal group is<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:248.60785px;\">available for immediate sale in its present condition and the Directors are committed to the sale which should be expected to qualify for<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:235.34784px;\">recognition as a completed sale within one year from the date of classification.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:218.1878px;\">The profits or losses and cash flows that relate to a major component of the Group that has been sold or is classified as held for sale<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:204.92789px;\">are presented separately from continuing operations as discontinued operations within the Group Income Statement and Group Cash<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:191.66785px;\">Flow Statement.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:173.57187px;\">Pensions and other post-employment benefits<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:159.68782px;\">The Group operates a number of defined benefit and defined contribution pension schemes. The cost of providing benefits under the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:146.42787px;\">defined benefit schemes is determined separately for each scheme using the projected unit credit actuarial valuation method. Actuarial<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:133.16785px;\">gains and losses are recognised in the period in which they occur in other comprehensive income.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:116.00784px;\">The cost of providing retirement pensions and other benefits is charged to the Group Income Statement over the periods benefitting from<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:102.74783px;\">employees\u2019 service. Past service cost is recognised immediately. Costs of administering the schemes are charged to the Group Income<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:89.48781px;\">Statement. Net interest, being the change in the net defined benefit liability or asset due to the passage of time, is recognised in the Group<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:76.227875px;\">Income Statement within net finance cost.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:59.067856px;\">The net defined benefit liability or asset recognised in the Group Balance Sheet represents the present value of the defined benefit<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:45.807846px;\">obligation of the schemes and the fair value of the schemes\u2019 assets. The present value of the defined benefit obligation is determined by<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:32.54783px;\">discounting the estimated future cash outflows using interest rates of high-quality corporate bonds that are denominated in the currency in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:19.287811px;\">which the benefits are paid, and that have terms of maturity approximating to the terms of the related pension liability.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1278763px;\">Payments to defined contribution retirement benefit schemes are recognised in the Group Income Statement as they fall due.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:570.40735px;\">S2.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:27.244965px; bottom:569.9133px;\">Summary of significant accounting policies<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:549.6853px;\">In 2022 the Group provided a loan facility to the Group\u2019s three defined benefit pension schemes. The Group recognised the loan as a<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:536.4254px;\">financial asset under IFRS 9 \u2018Financial instruments\u2019 measured at amortised cost and classified as a receivable within securities on the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:523.1653px;\">Group\u2019s balance sheet. The loan liability has been deducted from plan assets on the basis that the loan does not relate to employee<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:509.90533px;\">benefits in accordance with IAS 19.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:491.80933px;\">Provisions<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:477.9254px;\">Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of a past event, that can be<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:464.66528px;\">measured reliably, and it is probable that the Group will be required to settle that obligation. Provisions are discounted to present value<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:451.40533px;\">where the effect is material.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:434.24536px;\">Where discounting is used, the increase in the provision due to the passage of time is recognised in the Group Income Statement within<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:420.98535px;\">interest expense. Onerous contract provisions are recognised where the unavoidable costs of meeting the obligations under a contract<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:407.7254px;\">exceed the economic benefits expected to be received under it. Contracts to purchase or sell energy are reviewed on a portfolio basis<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:394.46527px;\">given the fungible nature of energy, whereby it is assumed that the highest priced purchase contract supplies the highest priced sales<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:381.20532px;\">contract and the lowest priced sales contract is supplied by the lowest priced purchase contract. Since 2021, the Group recognises a<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:367.9453px;\">material onerous supply contract provision where the future costs to fulfil customer contracts on a current market price basis exceed the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:354.6853px;\">charges recoverable from customers because the associated hedging gains have already been recognised in the Group Income<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:341.4254px;\">Statement. Further detail relating to the key assumptions and sources of estimation uncertainty are provided in note 3.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:323.32935px;\">Taxation<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:309.4453px;\">Current tax, including UK corporation tax, UK petroleum revenue tax and foreign tax is provided at amounts expected to be paid (or<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:296.1853px;\">recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. From time to time,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:282.92535px;\">the Group may have open tax issues with a number of revenue authorities. Where an outflow of funds is believed to be probable and a<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:269.66534px;\">reliable estimate of the dispute can be made, management provides for its best estimate of the liability. These estimates take into account<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:256.40533px;\">the specific circumstances of each dispute and relevant external advice as well as the rules and regulations of the relevant tax authority in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:243.14532px;\">the jurisdiction of the dispute. Often the Group is unable to predict whether an uncertain tax treatment will be accepted by the relevant<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:229.88531px;\">authority. In such instances the effects of uncertainty are reflected in management\u2019s assessment of the most likely outcome of each issue,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:216.62537px;\">as reviewed and updated on a regular basis. Each item is considered separately and on a basis that provides the better prediction of the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:203.36536px;\">outcome, unless the Group determines that it is appropriate to group certain items for consideration. See note 9 for further details on<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:190.10535px;\">uncertain tax provisions.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:172.94531px;\">Deferred tax is recognised in respect of all temporary differences identified at the balance sheet date, except to the extent that the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:159.68533px;\">deferred tax arises from the initial recognition of goodwill, or the initial recognition of an asset or liability in a transaction which is not a<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:146.42535px;\">business combination and at the time of the transaction affects neither accounting profit nor taxable profit and loss. Temporary differences<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:133.16534px;\">are differences between the carrying amount of the Group\u2019s assets and liabilities and their tax base.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:116.00534px;\">Deferred tax liabilities may be offset against deferred tax assets within the same taxable entity or qualifying local tax group. Any remaining<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:102.74533px;\">deferred tax asset is recognised only when, on the basis of all available evidence, it can be regarded as probable that there will be suitable<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:89.48532px;\">taxable profits, within the same jurisdiction, in the foreseeable future, against which the deductible temporary difference can be utilised.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:72.32532px;\">Deferred tax is provided on temporary differences arising on subsidiaries, joint ventures and associates, except where the timing of the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:59.06537px;\">reversal of the temporary difference can be controlled and it is probable that the temporary difference will not reverse in the foreseeable<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:45.80536px;\">future.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:28.645325px;\">Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the asset is realised or liability settled,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.385315px;\">based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Measurement of deferred tax<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1253052px;\">liabilities and assets reflects the tax consequences expected from the manner in which the asset or liability is recovered or settled.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:726.40735px;\">S2.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:27.244965px; bottom:725.9133px;\">Summary of significant accounting policies<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:704.5803px;\">Financial instruments<span class=\"ff6f fcf\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:690.8653px;\">Financial assets and financial liabilities are recognised in the Group Balance Sheet when the Group becomes a party to the contractual<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:677.60535px;\">provisions of the instrument. Financial assets are derecognised when the Group no longer has the rights to cash flows, the risks and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:664.34534px;\">rewards of ownership or control of the asset. Financial liabilities are derecognised when the obligation under the liability is discharged,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:651.0853px;\">cancelled or expires.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:633.9254px;\">(a) Trade receivables<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:620.6653px;\">Trade receivables are initially recognised at a value based on their transaction price, and are subsequently held at amortised cost using the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:607.40533px;\">effective interest method (taking into account the Group\u2019s business model, which is to collect the contractual cash flows owing) less an<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:594.1453px;\">allowance for impairment losses. Balances are written off when recoverability is assessed as being remote. If collection is expected in one<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:580.7293px;\">year or less, receivables are classified as current assets. If not, they are presented as non-current assets.<span class=\"_ _1\"></span><span class=\"ff6d\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:563.7254px;\">(b) Trade payables<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:550.4653px;\">Trade payables are initially recognised at fair value, which is usually the original invoice amount and are subsequently held at amortised<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:537.2053px;\">cost using the effective interest method. If payment is due within one year or less, payables are classified as current liabilities. If not, they<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:523.9453px;\">are presented as non-current liabilities.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:506.78534px;\">(c) Share capital<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:493.5254px;\">Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares are shown in equity as a<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:480.26532px;\">deduction from the proceeds received. Own equity instruments that are reacquired (treasury or own shares) are deducted from equity.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:467.00537px;\">No gain or loss is recognised in the Group Income Statement on the purchase, sale, issue or cancellation of the Group\u2019s own equity<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:453.58936px;\">instruments<span class=\"ff6d\">.<span class=\"_ _2b7\"> </span></span><span class=\"ff6d\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:436.58533px;\">(d) Cash and cash equivalents<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:423.32538px;\">Cash and cash equivalents comprise cash in hand and current balances with banks and similar institutions and money market deposits,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:410.06537px;\">which are readily convertible to known amounts of cash and which are subject to insignificant risk of changes in value and have an original<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:396.80536px;\">maturity of three months or less. Money market funds are also included in cash and cash equivalents, and are required to be measured at<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:383.54535px;\">fair value through profit or loss under IFRS 9, as noted in section (g) below. Cash and cash equivalents are presented net of outstanding<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:370.28534px;\">bank overdrafts where there is a legal right of set off and, for the Group\u2019s cash pooling arrangements, to the extent the Group expects to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:357.02533px;\">settle its subsidiaries\u2019 year-end account balances on a net basis.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:339.86536px;\">For the purpose of the Group Cash Flow Statement, cash and cash equivalents consist of cash and cash equivalents as defined above,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:326.60535px;\">net of outstanding bank overdrafts.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:309.44534px;\">(e) Interest-bearing loans and other borrowings<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:296.18533px;\">All interest-bearing loans and other borrowings with banks and similar institutions are initially recognised at fair value net of directly<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:282.92535px;\">attributable transaction costs. After initial recognition, interest-bearing loans and other borrowings are subsequently measured at<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:269.66534px;\">amortised cost using the effective interest method, except when they are hedged items in an effective fair value hedge relationship where<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:256.40536px;\">the carrying value is also adjusted to reflect the fair value movements associated with the hedged risks. Such fair value movements are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:243.14532px;\">recognised in the Group Income Statement. Amortised cost is calculated by taking into account any issue costs, discount or premium.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:225.98532px;\">(f) Financial instruments at fair value through other comprehensive income<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:212.72531px;\">Financial assets at fair value through other comprehensive income are equity instruments that the Group has elected to recognise the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:199.4654px;\">changes in fair value of in other comprehensive income. They are recognised initially at fair value in the Group Balance Sheet and are re-<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:186.20535px;\">measured subsequently at fair value with gains and losses arising from changes in fair value recognised directly in equity and presented in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:172.94534px;\">other comprehensive income. Dividends arising on these financial assets are recognised in the Group Income Statement.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:155.78534px;\">If the Group assesses the need to recognise a loss allowance on a financial asset carried at fair value through other comprehensive<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:142.5253px;\">income, the loss allowance is recognised in other comprehensive income; however, the recognition of a loss allowance does not impact<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:129.26538px;\">the carrying value of the asset on the Group\u2019s Balance Sheet.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:112.10535px;\">Cumulative gains and losses on equity instruments at fair value through other comprehensive income are not recycled to the Group<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:98.68936px;\">Income Statement.<span class=\"ff6d\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:81.68533px;\">(g) Financial assets at fair value through profit or loss<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:68.42531px;\">The Group previously held investments in gilts which it designated at fair value through profit or loss in order to eliminate asymmetry arising<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:55.165375px;\">from the measurement of an index-linked derivative. Other debt instruments and money market funds (which are classified as cash<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:41.90535px;\">equivalents) are required to be measured at fair value through profit or loss under IFRS 9, as the assets are not held solely for the purpose<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:28.64534px;\">of collecting contractual cash flows related to principal and interest. Both mandatory and designated instruments are measured at fair<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.38533px;\">value on initial recognition and are re-measured to fair value in each subsequent reporting period. Gains and losses arising from changes<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1253204px;\">in fair value are recognised in the Group Income Statement within investment income or financing costs.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:726.40735px;\">S2.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:27.244965px; bottom:725.9133px;\">Summary of significant accounting policies<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:705.6853px;\">(h) Derivative financial instruments<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:692.4254px;\">The Group routinely enters into sale and purchase transactions for physical delivery of gas and po<span class=\"_ _1\"></span>wer. A portion of these transactions<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:679.1653px;\">take the form of contracts that were entered into and continue to be held for the purpose of receipt or delivery of the physical commodity<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:665.90533px;\">in accordance with the Group\u2019s expected sale, purchase or usage requirements (\u2018own use\u2019), and are not within the scope of IFRS 9. The<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:652.6453px;\">assessment of whether a contract is deemed to be \u2018own use\u2019 is conducted on a Group basis without reference to underlying book<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:639.3853px;\">structures, business units or legal entities.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:622.2254px;\">Certain purchase and sales contracts for the physical delivery of gas and power are within the scope of IFRS 9 due to the fact that they<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:608.9653px;\">net settle or contain written options. Such contracts are accounted for as derivatives under IFRS 9 and are recognised in the Group<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:595.7053px;\">Balance Sheet at fair value. Gains and losses arising from changes in fair value on derivatives that do not qualify for hedge accounting are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:582.4453px;\">taken directly to the Group Income Statement for the year.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:565.28534px;\">The Group uses a range of derivatives for both trading and to hedge exposures to financial risks, such as interest rates, foreign exchange<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:552.0254px;\">and energy price risks, arising in the normal course of business. Where considered appropriate, the Group may use weather derivatives to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:538.7653px;\">protect against earnings volatility arising from unseasonal weather variations. The use of such derivatives did not have a material financial<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:525.5054px;\">statement impact in 2022 or 2021. The use of derivative financial instruments is governed by the Group\u2019s policies w<span class=\"_ _b\"></span>hich are approved by<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:512.24536px;\">the Board of Directors. Further detail on the Group\u2019s risk management policies is included within the Strategic Report \u2013 Principal Risks and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:498.98535px;\">Uncertainties on pages 28 to 33 and in note S3.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:481.82538px;\">The accounting treatment of derivatives is dependent on whether they are entered into for trading or hedging purposes. A derivative<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:468.56537px;\">instrument is considered to be used for hedging purposes when it alters the risk profile of an underlying exposure of the Group in line with<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:455.30536px;\">the Group\u2019s risk management policies and is in accordance with established guidelines. Certain derivative instruments used for hedging<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:442.04535px;\">purposes are designated in hedge accounting relationships as described by IAS 39 (the Group has not applied the hedge accounting<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:428.78534px;\">requirements of IFRS 9). In order to qualify for hedge accounting, the effectiveness of the hedge must be reliably measurable and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:415.52533px;\">documentation describing the formal hedging relationship must be prepared at the point of designation. The hedge must be highly<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:402.26532px;\">effective in achieving its objective. The Group also holds derivatives that are used for hedging purposes which are not designated in hedge<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:389.00537px;\">accounting relationships and are held for trading.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:371.84534px;\">All derivatives are recognised at fair value on the date on which the derivative is entered into and are re-measured to fair value at each<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:358.58533px;\">reporting date. Derivatives are carried as assets when the fair value is positive and as liabilities when the fair value is negative. Derivative<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:345.32538px;\">assets and derivative liabilities are offset and presented on a net basis only when there is a currently enforceable legal right of set-off, and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:332.06537px;\">the intention to net settle the derivative contracts is present. The disclosure of current and non-current derivative assets and liabilities is<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:318.80536px;\">determined by the settlement date of the derivative.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:301.64532px;\">The Group enters into certain energy derivative contracts covering periods for which observable market data does not exist. The fair value<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:288.3853px;\">of such derivatives is estimated by reference in part to published price quotations from active markets, to the extent that such observable<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:275.12537px;\">market data exists, and in part by using valuation techniques, the inputs to which include data that is not based on or derived from<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:261.86533px;\">observable markets. Where the fair value at initial recognition for such contracts differs from the transaction price, a fair value gain or fair<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:248.60535px;\">value loss will arise. This is referred to as a day-one gain or day-one loss. Such gains and losses are deferred (not recognised) and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:235.34534px;\">amortised to the Group Income Statement based on volumes purchased or delivered over the contractual period until such time as<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:222.08533px;\">observable market data becomes available. When observable market data becomes available, any remaining deferred day-one gains or<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:208.82532px;\">losses are recognised within the Group Income Statement.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:191.66537px;\">Recognition of the gains or losses resulting from changes in fair value depends on the purpose for issuing or holding the derivative. For<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:178.40536px;\">derivatives that do not qualify for cash flow or net investment hedge accounting, any gains or losses arising from changes in fair value are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:165.14532px;\">taken directly to the Group Income Statement and are included within gross profit or investment income and financing costs. Where<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:151.88531px;\">derivatives qualify for cash flow or net investment hedging, changes in fair value arising from the effective element of the hedge are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:138.6253px;\">recognised initially in the Group Statement of Comprehensive Income and are recycled to the Group Income Statement when the hedged<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:125.36539px;\">item impacts profit or loss. Further details on the treatment of energy derivatives in the Group Income Statement is provided in note 2.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:112.10535px;\">Further detail on the treatment of derivatives in hedging relationships is provided in note <span class=\"_ _1\"></span>S5.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:94.94534px;\">Derivatives embedded in other financial instruments or other host contracts are treated as separate derivatives when their risks and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:81.68533px;\">characteristics are not closely related to those of the host contracts and the host contracts are not carried at fair value, with gains or<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:68.42531px;\">losses reported in the Group Income Statement. The closely related nature of embedded derivatives is reassessed when there is a change<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:55.165375px;\">in the terms of the contract that significantly modifies the future cash flows under the contract. Where a contract contains one or more<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:41.90535px;\">embedded derivatives, and providing that the embedded derivative significantly modifies the cash flows under the contract, the option to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:28.64534px;\">fair value the entire contract may be taken and the contract will be recognised at fair value with changes in fair value recognised in the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.38533px;\">Group Income Statement. Gains and losses arising from changes in the fair value of energy derivative contracts are recognised within<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1253204px;\">\u2018Re<span class=\"ff6e\">-</span>measurement and settlement of energy contracts\u2019 in the Group\u2019s Results<span class=\"_ _1\"></span> for the period under IFRS.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:797.3917px;\">S2.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:27.244965px; bottom:796.8977px;\">Summary of significant accounting policies<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:776.6697px;\">(i) Hedge accounting<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:763.4098px;\">The Group continues to apply the hedge accounting requirements of IAS 39 and has not adopted IFRS 9 hedge accounting.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:746.2497px;\">For the purposes of hedge accounting, hedges are classified as either net investment hedges, fair value hedges or cash flow hedges.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:732.83374px;\">Note S5 details the Group\u2019s accounting policies in relation to derivatives qualifying for hedge accounting under IAS 39.<span class=\"_ _1\"></span><span class=\"ff6d\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:715.8297px;\">(j) Financial guarantees<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:702.5697px;\">Financial guarantees are contracts that require the Group to make specified payments to reimburse the holder for a loss it incurs because<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:689.30975px;\">a specified debtor fails to make payment when due in accordance with the terms of a debt instrument. The Group accounts for financial<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:676.0497px;\">guarantee contracts at fair value under IFRS 9.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:658.8897px;\">(k) Impairment of financial assets<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:645.6297px;\">In accordance with IFRS 9, the Group has applied the expected credit loss model to financial assets measured at amortised cost and to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:632.3697px;\">investments in debt instruments measured at fair value through other comprehensive income.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:615.2098px;\">For trade receivables and contract assets the simplified approach is taken and the lifetime expected credit loss provided for.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:598.0497px;\">For all other in-scope financial assets at the balance sheet date either the lifetime expected credit loss or a 12-month expected credit loss<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:584.78973px;\">is provided for, depending on the Group\u2019s assessment of whether the credit risk associated with the specific asset has increased<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:571.5297px;\">significantly since initial recognition. As the Group\u2019s financial assets are predominantly short-term (less than 12 months), the impairment<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:558.2697px;\">loss recognised is not materially different using either approach. Further details of the assumptions and inputs used to calculate expected<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:545.0097px;\">credit losses are shown in note 17.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:526.9137px;\">Nuclear activity<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:513.0297px;\">The Group\u2019s investment in Lake Acquisitions Limited (\u2018Nuclear\u2019) is accounted for as an associate. The following accounting policies are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:499.7697px;\">specific to this nuclear activity.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:482.60974px;\">(a) Fuel costs \u2013 nuclear front end<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:469.34973px;\">Front-end fuel costs consist of the costs of procurement of uranium, conversion and enrichment services, and fuel element fabrication.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:456.08972px;\">All costs are capitalised into inventory and charged to the Group Income Statement in proportion to the amount of fuel burnt.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:438.9297px;\">(b) Fuel costs \u2013 nuclear back end<span class=\"_ _2b7\"> </span></div><div class=\"t m0 ha7 ff71 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:425.66968px;\">Advanced gas-cooled reactors (AGR)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:408.5097px;\">Spent fuel extracted from the reactors is sent for reprocessing and/or long-term storage and eventual disposal of resulting waste<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:395.24973px;\">products. Back-end fuel costs comprise of a loading-related cost per tonne of uranium and a rebate/surcharge to this cost which is<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:381.98972px;\">dependent on the out-turn market electricity price and the amount of electricity generated from AGR stations in the year. These costs are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:368.7297px;\">capitalised into inventory and charged to the Group Income Statement in proportion to the amount of fuel burnt.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 ha7 ff71 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:351.5697px;\">Pressurised water reactor (PWR)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:334.40973px;\">Back-end fuel costs are based on wet storage in station ponds followed by dry storage and subsequent direct disposal of fuel. Back-end<span class=\"_ _1\"></span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:321.14972px;\">fuel costs are capitalised into inventory on loading and are charged to the Group Income Statement in proportion to the amount of fuel<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:307.88974px;\">burnt.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:290.7297px;\">(c) Nuclear PP&amp;E \u2013 depreciation<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:277.4697px;\">The majority of the cost of the nuclear fleet is depreciated from the date of the Group acquiring its share of the fleet on a straight-line<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:264.2097px;\">basis, with remaining depreciable periods currently of up to <span class=\"_ _1\"></span>33 years.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:247.04974px;\">Other expenditure including amounts spent on major inspections and overhauls of production plant is depreciated over the period until the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:233.78973px;\">next outage which for AGR power stations is 2 to 3 years and for the PWR power station is 18 months.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:216.6297px;\">(d) Nuclear Liabilities Fund (NLF) funding arrangements<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:203.36969px;\">Under the arrangements in place with the Secretary of State, the NLF will fund, subject to certain exceptions, qualifying uncontracted<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:190.10968px;\">nuclear liabilities and qualifying decommissioning costs.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:172.94977px;\">In part consideration for the assumption of these liabilities by the Secretary of State and the NLF, the former British Energy Group agreed<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:159.68973px;\">to pay fixed decommissioning contributions each year and \u00a3150,000 (indexed to RPI) for every tonne of uranium in PWR fuel loaded into<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:146.42972px;\">the Sizewell B reactor after the date of these arrangements.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:129.2697px;\">(e) NLF and nuclear liabilities receivables<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:116.00969px;\">The UK Government indemnity is provided to indemnify any future shortfall on NLF funding of qualifying uncontracted nuclear liabilities<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:102.749756px;\">(including PWR back-end fuel services) and qualifying nuclear decommissioning costs such that the receivable equals the present value of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:89.48973px;\">the associated qualifying nuclear liabilities (apart from a small timing difference due to timing of receipts from NLF).<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:72.32971px;\">(f) Nuclear liabilities<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:59.069702px;\">Nuclear liabilities represent provision for liabilities in respect of the costs of waste management of spent fuel and nuclear decommissioning.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:41.909683px;\">(g) Unburnt fuels at shutdown<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:28.64975px;\">Due to the nature of the nuclear fuel process there will be quantities of unburnt fuel in the reactors at station closure. The costs relating to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.389725px;\">this unburnt fuel (final core) are fully provided for at the balance sheet date. The provision is based on a projected value per tonne of fuel<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.129715px;\">remaining at closure, discounted back to the balance sheet date and recorded as a long-term liability.<span class=\"_ _2b7\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-482": {
   "value": "Basis of consolidation The Group Financial Statements consolidate the Financial Statements of the Company and entities controlled by the Company.  Subsidiaries are all entities (including structured entities) over which the Group has control. Control is exercised over an entity when the  Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through  its power over the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are  deconsolidated from the date that control ceases. Transactions with non-controlling interests that relate to their ownership interests and  do not result in a loss of control are accounted for as equity transactions. The results of subsidiaries acquired or disposed of during the year are consolidated from the effective date of acquisition (at which point  the Group gains control over a business as defined by IFRS 3, and applies the acquisition method to account for the transaction as a  business combination) or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial  statements of subsidiaries, associates and joint ventures to align the accounting policies with those used by the Group. When the Group ceases to have control, any retained interest in the entity is re-measured to its fair value with the change in carrying  amount recognised in profit or loss. This fair value becomes the initial carrying amount for the purposes of subsequently accounting for  the retained interest as a joint venture, associate or financial asset. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-483": {
   "value": "Segmental reporting The Group\u2019s operating segments are reported in a manner consistent with the internal reporting provided to and regularly reviewed by  the Group\u2019s Executive Committee (which is the Group\u2019s Chief Operating Decision Maker as defined by IFRS 8: \u2018Operating segments\u2019) for  the purposes of evaluating segment performance and allocating resources. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-484": {
   "value": "Revenue Energy supply to business and residential customers The vast majority of contractual energy supply arrangements have no fixed duration, and require no minimum consumption by the  customer. No enforceable rights and obligations exist at inception of the contract and arise only once the cooling off period is complete  and the Group is the legal supplier of energy to the customer. The performance obligation is the supply of energy over the contractual  term; the units of supply represent a series of distinct goods that are substantially the same with the same pattern of transfer to the  customer. The performance obligation is considered to be satisfied as the customer consumes based on the units of energy delivered.  This is the point at which revenue is recognised. In respect of energy supply contracts, the Group considers that it has the right to  consideration from the customer for an amount that corresponds directly with the invoiced value delivered to the customer through their  consumption. The Group\u2019s assessment of the amount that it has a right to invoice includes an assessment of energy supplied to  customers between the date of the last meter reading and the year end (known as unread revenue). Unread gas and electricity comprises  both billed and unbilled revenue and is estimated through the billing systems, using historical consumption patterns, on a customer-by- customer basis, taking into account weather patterns, load forecasts and the differences between actual meter readings being returned  and system estimates. Actual meter readings continue to be compared to system estimates between the balance sheet date and the  finalisation of the accounts.  The Group holds a number of energy supply contracts that specify a minimum consumption volume over a specified contractual term.  The transaction price for these contracts is the minimum supply volume multiplied by the contractually agreed price per unit of energy.  Revenue from the sale of additional volumes is considered to be variable and not included in the transaction price. Revenue for these  contracts continues to be recognised as invoiced. In making disclosures under IFRS 15, the Group applies the practical expedient in paragraph 121 of IFRS 15 and therefore does not  disclose information related to the transaction price allocated to remaining performance obligations on the basis that the Group recognises  revenue from the satisfaction of the performance obligations within energy supply contracts in accordance with Paragraph B16.  Energy services provided to business and residential customers Energy services relate to the installation, repair and maintenance of central heating, ventilation and air conditioning systems.  In the UK, delivery of an item is considered a separate performance obligation to the installation of the item, both satisfied at a point in  time. Delivery is the point at which control passes to the customer as the customer takes physical possession of the asset. It is also the  point at which the Group has the right to consideration. Delivery and installation usually occur at the same point in time and consequently  revenue is recognised for both performance obligations simultaneously. Sales of LNG Revenue arising from sales of LNG is recognised when control of the commodity passes to the counterparty, with each cargo representing  a separate performance obligation satisfied at a point in time.  Sales of own gas and liquid production Revenue arising from the sale of produced gas is recognised in a manner consistent with energy supply contracts with the revenue  recognition profile reflecting the supply of gas to the customer.  The rights and obligations identifiable within a contract where the Group holds sellers\u2019 nomination rights are considered to be enforceable  from inception of the contract. The transaction price for the contract will include variable consideration based on forecast production and  market prices. The point at which the performance obligation is satisfied and revenue recognised is the point at which control of the  commodity passes to the customer according to the contractual trading terms, usually on shipment or delivery to a specified location. Energy sales to trading and energy procurement counterparties Revenue arising from the sale of energy procured from generation asset owners to trading and energy procurement counterparties is also  recognised in a manner consistent with energy supply contracts. There is a single performance obligation being the supply of energy over  the contractual term at spot prices and revenue is recognised at the point at which energy is supplied to the counterparty in accordance  with the contractual terms. Revenue arising from contracts outside the scope of IFRS 15 Revenue from sources other than the Group\u2019s contracts with customers is recognised in accordance with the relevant standard,  as detailed below: Fixed-fee service and insurance contracts: revenue from these contracts is recognised in the Group Income Statement with regard to the  incidence of risk over the life of the contract, reflecting the seasonal propensity of claims to be made under the contracts and the benefits  receivable by the customer, which span the life of the contract as a result of emergency maintenance being available throughout the  contract term. Power generation: revenue is recognised under IFRS 9 where contracts to supply power are measured at fair value. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-485": {
   "value": "Cost of sales Energy supply includes the cost of gas and electricity produced and purchased during the year for own-use contracts, taking into account  the industry reconciliation process for total gas and total electricity usage by supplier and related transportation, distribution, royalty costs  and bought-in materials and services. Cost of sales relating to fixed-fee service and insurance contracts includes direct labour and related overheads on installation work, repairs  and service contracts in the year. Cost of sales relating to gas production includes depreciation of assets used in production of gas, royalty costs and direct labour costs. Cost of sales within power generation businesses includes the depreciation of assets included in generating power, fuel purchase costs,  direct labour costs and carbon emissions costs. ",
   "dimensions": {
    "concept": "centrica:DescriptionOfAccountingPolicyForCostOfSales",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-486": {
   "value": "Re-measurement and settlement of energy contracts Re-measurement and settlement of energy contracts includes both realised (settled) commodity sales and purchase contracts in the  scope of IFRS 9, as well as unrealised (fair value changes) on active contracts, as detailed further in note 2. ",
   "dimensions": {
    "concept": "centrica:DescriptionOfAccountingPolicyForRemeasurementAndSettlementOfEnergyContracts",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-487": {
   "value": "Financing costs Financing costs that arise in connection with the acquisition, construction or production of a qualifying asset are capitalised and  subsequently amortised in line with the depreciation of the related asset. Financing costs not arising in connection with the acquisition,  construction or production of a qualifying asset are expensed. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-488": {
   "value": "Foreign currencies The consolidated Financial Statements are presented in pounds sterling, the functional currency of the Company and the Group\u2019s  presentational currency. Each entity in the Group determines its own functional currency and items included in the financial statements of  each entity are measured using that functional currency. Transactions in foreign currencies are initially recorded in the functional currency  of the entity at the exchange rate ruling at the date of the transaction.  Monetary assets and liabilities denominated in foreign currencies are retranslated to the functional currency of the relevant entity at the rate  of exchange ruling at the balance sheet date and exchange movements included in the Group Income Statement for the period.  Non-monetary items that are measured at historical cost in a currency other than the functional currency of the entity concerned are  translated using the exchange rate prevailing at the dates of the initial transaction. For the purpose of presenting consolidated Financial Statements, the assets and liabilities of the Group\u2019s non-sterling functional currency  subsidiary undertakings, joint ventures and associates are translated into pounds sterling at exchange rates prevailing at the balance sheet  date. The monthly results of these (generally foreign) subsidiary undertakings, joint ventures and associates are translated into pounds  sterling each month at the average rates of exchange for that month. The closing exchange rates, and the average of the rates used to  translate the results of foreign operations to pounds sterling are shown below. Exchange rate per pounds sterling (\u00a3) Closing rate at 31 December Average rate for the year ended 31 December 2022 2021 2022 2021 US dollars 1.20 1.35 1.24 1.37 Canadian dollars 1.63 1.71 1.61 1.72 Euro 1.14 1.19 1.17 1.16 Norwegian krone 11.89 11.93 11.84 11.85 Danish krone 8.51 8.85 8.73 8.65 Exchange adjustments arising from the retranslation of the opening net assets and results of non-sterling functional currency operations  are transferred to the Group\u2019s foreign currency translation reserve, a separate component of equity, and are reported in other  comprehensive income. In the event of the disposal of a non-sterling functional currency subsidiary, the cumulative translation difference  arising in the foreign currency translation reserve is charged or credited to the Group Income Statement on disposal. Where the Group  utilises net investment hedging, changes in the fair value of the hedging instrument are recognised in equity and remain there until the  disposal of the specific, related investments, at which point the gains and losses are recycled to profit or loss. The Group previously  employed net investment hedging but ceased in 2009, with historic hedging gains and losses remaining in equity until the disposal of the  related investment. During 2020 the Group recommenced net investment hedging in respect of the US dollar functional currency  subsidiaries in its Direct Energy business up until the date of disposal in January 2021. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-489": {
   "value": "Employee share schemes The Group operates a number of employee share schemes, detailed in the Remuneration Report on pages 84 to 86, under which it makes  equity-settled share-based payments to certain employees. Equity-settled share-based payments are measured at fair value at the date of  grant (excluding the effect of non-market-based vesting conditions). The fair value determined at the grant date is expensed on a straight- line basis together with a corresponding increase in equity over the vesting period, based on the Group\u2019s estimate of the number of  awards that will vest, and adjusted for the effect of non-market-based vesting conditions. The majority of the share-based payment charge arises from the Annual Incentive Plan. This scheme is applicable to senior executives,  and senior and middle management. Shares issued under the scheme vest subject to continued employment within the Group in two  stages (half after two years and the other half after three years). Employees leaving prior to the vesting date will normally forfeit their rights  to unvested share awards. The fair value of the awards is measured using the market value at the date of grant. More information is included in the Remuneration Report on pages 84 to 86. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-490": {
   "value": "Share buyback programme On 10th November 2022, the Group announced an intention to undertake a share buyback of \u00a3250 million, expected to complete by  31 May 2023. The Group entered into contracts with third parties to undertake this repurchase programme and, as at 31 December 2022,  \u00a343 million of shares had been purchased. The Group has recognised a financial liability on the basis that the terms and conditions of the  contracts mean that, as at the year-end, it was unable to cancel the remaining obligation during the period to the Group\u2019s Preliminary  Announcement on 16 February 2023. Accordingly, the Group has recorded a financial liability of \u00a3207 million for this remaining obligation,  in accordance with IFRS 9: \u2018Financial Instruments\u2019. ",
   "dimensions": {
    "concept": "centrica:DescriptionOfAccountingPolicyForShareBuybackProgramme",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-551": {
   "value": "Business combinations and goodwill The acquisition of subsidiaries is accounted for using the acquisition method (at the point the Group gains control over a business as  defined by IFRS 3). The cost of the acquisition is measured as the cash paid and the aggregate of the fair values, at the date of exchange,  of other assets transferred, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the  acquiree. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration  arrangement at the acquisition date. Acquisition-related costs are expensed as incurred. The identifiable assets, liabilities and contingent liabilities are recognised at their fair  value at the acquisition date, except for non-current assets (or disposal groups) that are classified as held for sale in accordance with IFRS  5. The Group recognises any non-controlling interests in the acquiree either at fair value or at the non-controlling interests\u2019 proportionate  share of the recognised amounts of the acquiree\u2019s identifiable net assets. Goodwill arising on a business combination represents the excess of the consideration transferred, the amount of the non-controlling  interests and the acquisition date fair value of any previously held interest in the acquiree over the Group\u2019s interest in the fair value of the  identifiable net assets acquired. Goodwill arising on the acquisition of a stake in a joint venture or an associate represents the excess of  the consideration transferred over the Group\u2019s interest in the fair value of the identifiable assets and liabilities of the investee at the date of  acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less any accumulated impairment  losses. The goodwill arising on an investment in a joint venture or in an associate is not recognised separately, but is shown under  \u2018Interests in joint ventures and associates\u2019 in the Group Balance Sheet. If, after reassessment, the Group\u2019s interest in the net fair value of  the acquiree\u2019s identifiable assets, liabilities and contingent liabilities exceeds the cost of the business combination, the excess is  recognised immediately in the Group Income Statement. Acquisitions of joint operations that meet the definition of a business as defined in IFRS 3 are accounted for as business combinations.  On disposal of a subsidiary, associate or joint venture entity, any amount of goodwill attributed to that entity is included in the  determination of the profit or loss on disposal. A similar accounting treatment is applied on disposal of assets that represent a business. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-532": {
   "value": "Business combinations and goodwill The acquisition of subsidiaries is accounted for using the acquisition method (at the point the Group gains control over a business as  defined by IFRS 3). The cost of the acquisition is measured as the cash paid and the aggregate of the fair values, at the date of exchange,  of other assets transferred, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the  acquiree. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration  arrangement at the acquisition date. Acquisition-related costs are expensed as incurred. The identifiable assets, liabilities and contingent liabilities are recognised at their fair  value at the acquisition date, except for non-current assets (or disposal groups) that are classified as held for sale in accordance with IFRS  5. The Group recognises any non-controlling interests in the acquiree either at fair value or at the non-controlling interests\u2019 proportionate  share of the recognised amounts of the acquiree\u2019s identifiable net assets. Goodwill arising on a business combination represents the excess of the consideration transferred, the amount of the non-controlling  interests and the acquisition date fair value of any previously held interest in the acquiree over the Group\u2019s interest in the fair value of the  identifiable net assets acquired. Goodwill arising on the acquisition of a stake in a joint venture or an associate represents the excess of  the consideration transferred over the Group\u2019s interest in the fair value of the identifiable assets and liabilities of the investee at the date of  acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less any accumulated impairment  losses. The goodwill arising on an investment in a joint venture or in an associate is not recognised separately, but is shown under  \u2018Interests in joint ventures and associates\u2019 in the Group Balance Sheet. If, after reassessment, the Group\u2019s interest in the net fair value of  the acquiree\u2019s identifiable assets, liabilities and contingent liabilities exceeds the cost of the business combination, the excess is  recognised immediately in the Group Income Statement. Acquisitions of joint operations that meet the definition of a business as defined in IFRS 3 are accounted for as business combinations.  On disposal of a subsidiary, associate or joint venture entity, any amount of goodwill attributed to that entity is included in the  determination of the profit or loss on disposal. A similar accounting treatment is applied on disposal of assets that represent a business. Other intangible assets Intangible assets acquired separately are measured on initial recognition at cost.  Capitalisation begins when expenditure for the asset is being incurred and activities necessary to prepare the asset for use are in progress  and ceases when substantially all the activities that are necessary to prepare the asset for use are complete. Amortisation commences at  the point of commercial deployment. The cost of intangible assets acquired in a business combination is their fair value as at the date of  acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated amortisation and any accumulated impairment  losses. Intangible assets with finite lives are amortised over their useful lives and are tested for impairment, as part of the CGU to which  they relate where necessary, annually and whenever there is an indication that the asset could be impaired. The amortisation period and  method for an intangible asset are reviewed at each financial year end. Changes in the expected useful life or the expected pattern of  consumption of future economic benefits embodied in the asset are accounted for on a prospective basis by changing the amortisation  period or method, as appropriate, and treated as changes in accounting estimates. Intangible assets are derecognised on disposal, or when no future economic benefits are expected from their use. Intangible assets with indefinite useful lives are not amortised but tested for impairment annually, and whenever there is an indication that  the intangible asset could be impaired, either individually or at the CGU level. The indefinite life assessment is reviewed annually and, if not  supportable, the change in the useful life assessment from indefinite to finite is made on a prospective basis. The useful economic lives for the principal categories of intangible assets are as follows: Customer relationships and other contractual assets Up to 20 years Strategic identifiable acquired brands Indefinite Application software Up to 15 years Strategic identifiable acquired brands are deemed to have indefinite lives where evidence suggests that the brand will generate net cash  inflows for the Group for an indefinite period. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-491": {
   "value": "Business combinations and goodwill The acquisition of subsidiaries is accounted for using the acquisition method (at the point the Group gains control over a business as  defined by IFRS 3). The cost of the acquisition is measured as the cash paid and the aggregate of the fair values, at the date of exchange,  of other assets transferred, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the  acquiree. The consideration transferred includes the fair value of any asset or liability resulting from a contingent consideration  arrangement at the acquisition date. Acquisition-related costs are expensed as incurred. The identifiable assets, liabilities and contingent liabilities are recognised at their fair  value at the acquisition date, except for non-current assets (or disposal groups) that are classified as held for sale in accordance with IFRS  5. The Group recognises any non-controlling interests in the acquiree either at fair value or at the non-controlling interests\u2019 proportionate  share of the recognised amounts of the acquiree\u2019s identifiable net assets. Goodwill arising on a business combination represents the excess of the consideration transferred, the amount of the non-controlling  interests and the acquisition date fair value of any previously held interest in the acquiree over the Group\u2019s interest in the fair value of the  identifiable net assets acquired. Goodwill arising on the acquisition of a stake in a joint venture or an associate represents the excess of  the consideration transferred over the Group\u2019s interest in the fair value of the identifiable assets and liabilities of the investee at the date of  acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less any accumulated impairment  losses. The goodwill arising on an investment in a joint venture or in an associate is not recognised separately, but is shown under  \u2018Interests in joint ventures and associates\u2019 in the Group Balance Sheet. If, after reassessment, the Group\u2019s interest in the net fair value of  the acquiree\u2019s identifiable assets, liabilities and contingent liabilities exceeds the cost of the business combination, the excess is  recognised immediately in the Group Income Statement. Acquisitions of joint operations that meet the definition of a business as defined in IFRS 3 are accounted for as business combinations.  On disposal of a subsidiary, associate or joint venture entity, any amount of goodwill attributed to that entity is included in the  determination of the profit or loss on disposal. A similar accounting treatment is applied on disposal of assets that represent a business. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-492": {
   "value": "Other intangible assets Intangible assets acquired separately are measured on initial recognition at cost.  Capitalisation begins when expenditure for the asset is being incurred and activities necessary to prepare the asset for use are in progress  and ceases when substantially all the activities that are necessary to prepare the asset for use are complete. Amortisation commences at  the point of commercial deployment. The cost of intangible assets acquired in a business combination is their fair value as at the date of  acquisition. Following initial recognition, intangible assets are carried at cost less any accumulated amortisation and any accumulated impairment  losses. Intangible assets with finite lives are amortised over their useful lives and are tested for impairment, as part of the CGU to which  they relate where necessary, annually and whenever there is an indication that the asset could be impaired. The amortisation period and  method for an intangible asset are reviewed at each financial year end. Changes in the expected useful life or the expected pattern of  consumption of future economic benefits embodied in the asset are accounted for on a prospective basis by changing the amortisation  period or method, as appropriate, and treated as changes in accounting estimates. Intangible assets are derecognised on disposal, or when no future economic benefits are expected from their use. Intangible assets with indefinite useful lives are not amortised but tested for impairment annually, and whenever there is an indication that  the intangible asset could be impaired, either individually or at the CGU level. The indefinite life assessment is reviewed annually and, if not  supportable, the change in the useful life assessment from indefinite to finite is made on a prospective basis. The useful economic lives for the principal categories of intangible assets are as follows: Customer relationships and other contractual assets Up to 20 years Strategic identifiable acquired brands Indefinite Application software Up to 15 years Strategic identifiable acquired brands are deemed to have indefinite lives where evidence suggests that the brand will generate net cash  inflows for the Group for an indefinite period. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-493": {
   "value": "Cloud computing arrangements The Group has a number of contracts for Software as a Service (SaaS) and Platform as a Service (PaaS) Cloud Computing Arrangements.  These contracts permit the Group to access vendor-hosted software and platform services over the term of the arrangement. The Group  does not control the underlying assets in these arrangements and costs are expensed as incurred. The Group also incurs implementation costs in respect of these contracts. Implementation costs are capitalised as intangible assets where  costs meet the definition and recognition criteria of an intangible asset under IAS 38. Such costs typically relate to software coding which  is capable of providing benefit to the Group on a standalone basis. Other implementation costs, primarily relating to the configuration and  customisation of the Cloud software solution, are assessed to determine whether the implementation activity relating to these costs is  distinct from the Cloud Arrangement, in which case costs are expensed as the activity occurs. If the configuration and customisation costs  relate to activity which is integral to the Cloud Arrangement such that the activity is received over the term of the Cloud Arrangement,  costs are recognised as a prepayment and expensed over the term of the Cloud Arrangement. ",
   "dimensions": {
    "concept": "centrica:DescriptionOfAccountingPolicyForCloudComputingArrangements",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2021-01-01T00:00:00/2022-01-01T00:00:00"
   }
  },
  "fact-494": {
   "value": "UK &amp; EU Emissions Trading Scheme<span class=\"_ _2b7\"> </span>Purchased carbon dioxide emissions allowances are recognised initially at cost (purchase price) within intangible assets. The liability is<span class=\"_ _2b7\"> </span> measured at the cost of purchased allowances up to the level of purchased allowances held, and then at the market price of allowances<span class=\"_ _2b7\"> </span> ruling at the balance sheet date, with movements in the liability recognised in operating profit.<span class=\"_ _2b7\"> </span>Forward contracts for the purchase or sale of carbon dioxide emissions allowances are measured at fair value with gains and losses<span class=\"_ _2b7\"> </span> arising from changes in fair value recognised in the Group Income Statement. The intangible asset is surrendered and the liability is<span class=\"_ _2b7\"> </span> extinguished at the end of the compliance period. No amortisation is charged up to the date of surrender as the cost and residual value<span class=\"_ _2b7\"> </span> of the intangible asset are deemed to be the same with no consumption of economic benefit.<span class=\"_ _2b7\"> </span>",
   "dimensions": {
    "concept": "centrica:DescriptionOfAccountingPolicyForUKAndEUEmissionsTradingScheme",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-495": {
   "value": "Renewable certificates The Group purchases renewable certificates both on a standalone basis, and through Power Purchase Agreements. The main types of  renewable certificates acquired are Renewable Energy Guarantees of Origin (REGOs) which are certificates issued by Ofgem certifying that  electricity has been produced from renewable sources, Renewable Obligation Certificates (ROCs) which are issued to accredited  generators for the eligible renewable electricity they generate and Guarantees of Origin (GoOs) which are the EU equivalent of REGOs.  The Group uses renewable certificates to meet its obligations under a number of Ofgem schemes, namely the Feed-in Tariff (FIT), the  Contracts for Difference (CFD), the Fuel Mix Disclosure (FMD) and the Renewables Obligation (RO) scheme. Purchased renewable certificates are recognised initially at cost within intangible assets as an indefinite life asset. A liability for the RO is  recognised based on the level of electricity supplied to customers, and is calculated in accordance with percentages set by the UK  Government and the renewable obligation certificate buyout price for that period.  The intangible asset is surrendered and the liability is extinguished at the end of the compliance period to reflect the consumption of  economic benefits. Any recycling benefit related to the submission of renewable obligation certificates is recognised in the Group Income  Statement when received. The Group also recognises supplier obligations for CFD and FIT schemes; renewable certificates are used to  offset these liabilities. Cash flows relating to renewable obligation certificates and similar schemes are recognised within cash flows from operating activities. ",
   "dimensions": {
    "concept": "centrica:DescriptionOfAccountingPolicyForRenewableContracts",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-496": {
   "value": "Exploration, evaluation, development and production assets<span class=\"_ _2b7\"> </span>The Group uses the successful efforts method of accounting for exploration and evaluation expenditure. Exploration and evaluation<span class=\"_ _2b7\"> </span> expenditures associated with an exploration well, including acquisition costs related to exploration and evaluation activities are capitalised<span class=\"_ _2b7\"> </span> initially as intangible assets. Certain expenditures such as geological and geophysical exploration costs are expensed. If the prospects are<span class=\"_ _2b7\"> </span> subsequently determined to be successful on completion of evaluation, the relevant expenditure is transferred to PP&amp;E. If the prospects<span class=\"_ _2b7\"> </span> are subsequently determined to be unsuccessful, the associated costs are expensed in the period in which that determination is made.<span class=\"_ _2b7\"> </span> All field development costs are capitalised as PP&amp;E. Such costs relate to the acquisition and installation of production facilities and include<span class=\"_ _2b7\"> </span> development drilling costs, project-related engineering and other technical services costs. PP&amp;E, including rights and concessions related<span class=\"_ _2b7\"> </span> to production activities, is depreciated from the commencement of production in the fields concerned, using the unit of production<span class=\"_ _2b7\"> </span> method, based on all of the 2P reserves of those fields. Changes in these estimates are dealt with prospectively.<span class=\"_ _2b7\"> </span> The net carrying value of fields in production and development is compared annually on a field-by-field basis with the likely discounted<span class=\"_ _2b7\"> </span> future net revenues to be derived from the remaining commercial reserves. An impairment loss is recognised where it is considered that<span class=\"_ _2b7\"> </span> recorded amounts are unlikely to be fully recovered from the net present value of future net revenues. Exploration assets are reviewed<span class=\"_ _2b7\"> </span> annually for indicators of impairment and production and development assets are tested annually for impairment.<span class=\"_ _2b7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExplorationAndEvaluationExpenditures",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-552": {
   "value": "Interests in joint arrangements and associates The Group\u2019s joint ventures and associates (as defined in note 6) are accounted for using the equity method.  The Group\u2019s interests in joint operations (gas exploration and production licence arrangements) are accounted for by recognising its  assets (including its share of assets held jointly), its liabilities (including its share of liabilities incurred jointly), its revenue from the sale of  its share of the output arising from the joint operation, its share of the revenue from the sale of the output by the joint operation and its  expenses (including its share of any expenses incurred jointly). Where the Group has an equity stake or a participating interest in operations governed by a joint arrangement for which it is acting as  operator, an assessment is carried out to confirm whether the Group is acting as agent or principal. As the terms and conditions  negotiated between business partners usually provide joint control to the parties over the relevant activities of the gas fields that are  governed by joint arrangements, the Group is usually deemed to be an agent when it is appointed as operator and not as principal as the  contracts entered into presents gross liabilities and gross receivables of joint operations (including amounts due to or from non-operating  partners) in the Group Balance Sheet in accordance with the netting rules of IAS 32: \u2018Financial instruments \u2013 presentation\u2019. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-533": {
   "value": "Interests in joint arrangements and associates The Group\u2019s joint ventures and associates (as defined in note 6) are accounted for using the equity method.  The Group\u2019s interests in joint operations (gas exploration and production licence arrangements) are accounted for by recognising its  assets (including its share of assets held jointly), its liabilities (including its share of liabilities incurred jointly), its revenue from the sale of  its share of the output arising from the joint operation, its share of the revenue from the sale of the output by the joint operation and its  expenses (including its share of any expenses incurred jointly). Where the Group has an equity stake or a participating interest in operations governed by a joint arrangement for which it is acting as  operator, an assessment is carried out to confirm whether the Group is acting as agent or principal. As the terms and conditions  negotiated between business partners usually provide joint control to the parties over the relevant activities of the gas fields that are  governed by joint arrangements, the Group is usually deemed to be an agent when it is appointed as operator and not as principal as the  contracts entered into presents gross liabilities and gross receivables of joint operations (including amounts due to or from non-operating  partners) in the Group Balance Sheet in accordance with the netting rules of IAS 32: \u2018Financial instruments \u2013 presentation\u2019. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-497": {
   "value": "Interests in joint arrangements and associates The Group\u2019s joint ventures and associates (as defined in note 6) are accounted for using the equity method.  The Group\u2019s interests in joint operations (gas exploration and production licence arrangements) are accounted for by recognising its  assets (including its share of assets held jointly), its liabilities (including its share of liabilities incurred jointly), its revenue from the sale of  its share of the output arising from the joint operation, its share of the revenue from the sale of the output by the joint operation and its  expenses (including its share of any expenses incurred jointly). Where the Group has an equity stake or a participating interest in operations governed by a joint arrangement for which it is acting as  operator, an assessment is carried out to confirm whether the Group is acting as agent or principal. As the terms and conditions  negotiated between business partners usually provide joint control to the parties over the relevant activities of the gas fields that are  governed by joint arrangements, the Group is usually deemed to be an agent when it is appointed as operator and not as principal as the  contracts entered into presents gross liabilities and gross receivables of joint operations (including amounts due to or from non-operating  partners) in the Group Balance Sheet in accordance with the netting rules of IAS 32: \u2018Financial instruments \u2013 presentation\u2019. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-498": {
   "value": "Property, plant and equipment<span class=\"_ _2b7\"> </span>PP&amp;E is included in the Group Balance Sheet at cost, less accumulated depreciation and any provisions for impairment.<span class=\"_ _2b7\"> </span> Subsequent expenditure in respect of items of PP&amp;E, such as the replacement of major parts, major inspections or overhauls, are<span class=\"_ _2b7\"> </span> capitalised as part of the cost of the related asset where it is probable that future economic benefits will arise as a result of the expenditure<span class=\"_ _2b7\"> </span> and the cost can be reliably measured. All other subsequent expenditure is expensed as incurred.<span class=\"_ _2b7\"> </span>Freehold land is not depreciated. Other PP&amp;E, with the exception of upstream production assets (see above), are depreciated on a<span class=\"_ _2b7\"> </span> straight-line basis at rates sufficient to write off the cost, less estimated residual values, of individual assets over their estimated useful<span class=\"_ _2b7\"> </span> lives. The depreciation periods for the principal categories of assets are as follows:<span class=\"_ _2b7\"> </span>Freehold and leasehold buildings<span class=\"_ _238\"> </span>Up to 50 years<span class=\"_ _2b7\"> </span>Plant<span class=\"_ _239\"> </span>5 to 20 years<span class=\"_ _2b7\"> </span>Equipment and vehicles<span class=\"_ _199\"> </span>3 to 10 years<span class=\"_ _2b7\"> </span>Power generation assets<span class=\"_ _23a\"> </span>Up to 30 years<span class=\"_ _2b7\"> </span>The carrying values of PP&amp;E are tested annually for impairment and are reviewed for impairment when events or changes in circumstances<span class=\"_ _2b7\"> </span> indicate that the carrying value may not be recoverable. Residual values and useful lives are reassessed annually and, if necessary,<span class=\"_ _2b7\"> </span> changes are accounted for prospectively.<span class=\"_ _2b7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-499": {
   "value": "Impairment assumptions<span class=\"_ _2b7\"> </span>The Group tests the carrying amounts of goodwill, PP&amp;E and intangible assets (with the exception of exploration assets) for impairment<span class=\"_ _2b7\"> </span> at least annually. Interests in joint ventures and associates and exploration assets are reviewed annually for indicators of impairment and<span class=\"_ _2b7\"> </span> tested for impairment where such an indicator arises. Where an asset does not generate cash flows that are independent from other<span class=\"_ _2b7\"> </span> assets, the Group estimates the recoverable amount of the CGU to which the asset belongs. The recoverable amount is the higher of<span class=\"_ _2b7\"> </span> value in use (VIU) and fair value less costs of disposal (FVLCD).<span class=\"_ _2b7\"> </span> At inception, goodwill is allocated to each of the Group\u2019s CGUs or groups of CGUs that expect to benefit from the business combination<span class=\"_ _2b7\"> </span> in which the goodwill arose. If the recoverable amount of an asset (or CGU) is estimated to be less than its carrying amount, the carrying<span class=\"_ _2b7\"> </span> amount of the asset (or CGU) is reduced to its recoverable amount. Any impairment is expensed immediately in the Group Income<span class=\"_ _2b7\"> </span> Statement. Any CGU impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the CGU and then to the<span class=\"_ _2b7\"> </span> other assets of the CGU pro rata on the basis of the carrying amount of each asset in the CGU.<span class=\"_ _2b7\"> </span> Further information on the assumptions used in the VIU calculations and FVLCD calculations that resulted in impairment or impairment<span class=\"_ _2b7\"> </span> reversals during the year can be found at note 7.<span class=\"_ _2b7\"> </span>VIU \u2013 Key assumptions used<span class=\"_ _2b7\"> </span>Pre-tax cash flows used in the VIU calculations are derived from the Group\u2019s Board-approved business plans, and assumptions sp<span class=\"_ _1\"></span>ecific to<span class=\"_ _2b7\"> </span> the nature and life of the asset. The Group\u2019s business plans and assumptions are based on past experience and adjusted to reflect market<span class=\"_ _2b7\"> </span> trends, economic conditions and key risks. Commodity prices used in the planning process are based in part on observable market data<span class=\"_ _2b7\"> </span> and in part on estimates. Note S6 provides additional detail on the active period of each of the commodity markets in which the Group<span class=\"_ _2b7\"> </span> operates.<span class=\"_ _2b7\"> </span> (a) VIU \u2013 Growth rates and discount rates<span class=\"_ _2b7\"> </span>Unless stated otherwise in the table below, cash flows beyond the planned period have been extrapolated using long-term growth rates in<span class=\"_ _2b7\"> </span> the market where the CGU operates. Long-term growth rates are determined using a blend of publicly available historical data and long-<span class=\"_ _2b7\"> </span>term growth rate forecasts published by external analysts. Cash flows are discounted using a discount rate specific to each CGU.<span class=\"_ _2b7\"> </span> Discount rates reflect the current market assessments of the time value of money and are based on the estimated cost of capital of each<span class=\"_ _2b7\"> </span> CGU. Additionally, risks specific to the cash flows of the CGUs are reflected within cash flow forecasts. Each CGU\u2019s weighted average<span class=\"_ _2b7\"> </span> cost of capital is then adjusted to reflect the impact of tax in order to calculate an equivalent pre-tax discount rate.<span class=\"_ _2b7\"> </span>Long-term growth rates and pre-tax discount rates used in the VIU calculations for each of the Group\u2019s CGUs are shown below.<span class=\"_ _2b7\"> </span>2022<span class=\"_ _2b7\"> </span>British Gas<span class=\"_ _2b7\"> </span> Services &amp;<span class=\"_ _2b7\"> </span> Solutions<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>British Gas<span class=\"_ _2b7\"> </span> Energy %<span class=\"_ _2b7\"> </span>Centrica<span class=\"_ _2b7\"> </span> Business<span class=\"_ _2b7\"> </span> Solutions<span class=\"_ _2b7\"> </span> Energy<span class=\"_ _2b7\"> </span> Supply<span class=\"_ _2b7\"> </span> %<span class=\"_ _2b7\"> </span>Bord G\u00e1is<span class=\"_ _2b7\"> </span> Energy<span class=\"_ _2b7\"> </span> %<span class=\"_ _2b7\"> </span>Centrica<span class=\"_ _2b7\"> </span> Business<span class=\"_ _2b7\"> </span> Solutions<span class=\"_ _2b7\"> </span> (turbines/<span class=\"_ _2b7\"> </span>engines/<span class=\"_ _2b7\"> </span>battery/solar)<span class=\"_ _2b7\"> </span> (i)<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>Energy<span class=\"_ _2b7\"> </span> Marketing &amp;<span class=\"_ _2b7\"> </span> Trading<span class=\"_ _2b7\"> </span> %<span class=\"_ _2b7\"> </span>Nuclear<span class=\"_ _2b7\"> </span> (i)<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>Growth rate to perpetuity (including inflation)<span class=\"_ _f9\"> </span><span class=\"ff66\">2.0<span class=\"_ _2a\"> </span>2.0<span class=\"_ _2a\"> </span>2.0<span class=\"_ _85\"> </span>1.9<span class=\"_ _4d\"> </span>N/A<span class=\"_ _85\"> </span>2.0<span class=\"_ _2d\"> </span>N/A<span class=\"_ _2b7\"> </span></span>Pre-tax discount rate<span class=\"_ _de\"> </span><span class=\"ff66\">9.3<span class=\"_ _109\"> </span>10.0<span class=\"_ _b4\"> </span>11.3<span class=\"_ _85\"> </span>8.1<span class=\"_ _7e\"> </span>9.3/8.0</span> (ii)<span class=\"_ _2b7\"> </span>11.3<span class=\"_ _53\"> </span>24.8<span class=\"_ _2b7\"> </span>2021<span class=\"_ _2b7\"> </span>British Gas<span class=\"_ _2b7\"> </span> Services &amp;<span class=\"_ _2b7\"> </span> Solutions<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>British Gas<span class=\"_ _2b7\"> </span> Energy %<span class=\"_ _2b7\"> </span>Centrica<span class=\"_ _2b7\"> </span> Business<span class=\"_ _2b7\"> </span> Solutions<span class=\"_ _2b7\"> </span> Energy<span class=\"_ _2b7\"> </span>Supply<span class=\"_ _2b7\"> </span> %<span class=\"_ _2b7\"> </span>Bord G\u00e1is<span class=\"_ _2b7\"> </span> Energy<span class=\"_ _2b7\"> </span> %<span class=\"_ _2b7\"> </span>Centrica<span class=\"_ _2b7\"> </span> Business<span class=\"_ _2b7\"> </span> Solutions<span class=\"_ _2b7\"> </span> (turbines/<span class=\"_ _2b7\"> </span>engines/<span class=\"_ _2b7\"> </span>battery/solar)<span class=\"_ _2b7\"> </span> (i)<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>Energy<span class=\"_ _2b7\"> </span> Marketing &amp;<span class=\"_ _2b7\"> </span> Trading<span class=\"_ _2b7\"> </span> %<span class=\"_ _2b7\"> </span>Nuclear<span class=\"_ _2b7\"> </span> (i)<span class=\"_ _2b7\"> </span>%<span class=\"_ _2b7\"> </span>Growth rate to perpetuity (including inflation)<span class=\"_ _f9\"> </span>2.0<span class=\"_ _2a\"> </span>2.0<span class=\"_ _2a\"> </span>2.0<span class=\"_ _85\"> </span>1.5<span class=\"_ _21\"> </span>N/A<span class=\"_ _85\"> </span>2.0<span class=\"_ _f7\"> </span>N/A<span class=\"_ _2b7\"> </span>Pre-tax discount rate<span class=\"_ _de\"> </span>8.0<span class=\"_ _2a\"> </span>8.0<span class=\"_ _2a\"> </span>8.7<span class=\"_ _85\"> </span>7.1<span class=\"_ _14d\"> </span>6.7/5.3 (ii)<span class=\"_ _2b7\"> </span>8.7<span class=\"_ _53\"> </span>14.7<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _1b7\"> </span>Cash flows arising after the plan period have been derived from forecasts to the end of the asset lives. Due to the nature of these finite-lived assets this provides a more<span class=\"_ _2b7\"> </span> appropriate valuation in later years.<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>Battery and solar discount rates respectively.<span class=\"_ _2b7\"> </span>(b) VIU \u2013 Inflation rates<span class=\"_ _2b7\"> </span>Inflation rates used in the business plan were based on a blend of <span class=\"_ _1\"></span>publicly available inflation forecasts and range from 1.9% to 9.6%.<span class=\"_ _2b7\"> </span>(c) Key operating assumptions by CGUs using VIU<span class=\"_ _2b7\"> </span>The key operating assumptions across all CGUs are gross margin, revenues and operating costs. These assumptions are tailored to the<span class=\"_ _2b7\"> </span> specific CGU using management\u2019s knowledge of the environment, as shown in the table below:<span class=\"_ _2b7\"> </span> CGU<span class=\"_ _179\"> </span>Gross margin<span class=\"_ _5f\"> </span>Revenues<span class=\"_ _17d\"> </span>Operating costs<span class=\"_ _2b7\"> </span>All \u2013 base<span class=\"_ _2b7\"> </span> assumptions<span class=\"_ _2b7\"> </span>Existing customers: based on<span class=\"_ _2b7\"> </span> contractual terms.<span class=\"_ _2b7\"> </span>Losses are forecast based on historic<span class=\"_ _2b7\"> </span> data and future expectations of<span class=\"_ _2b7\"> </span> the market.<span class=\"_ _2b7\"> </span>New customers and renewals: based<span class=\"_ _2b7\"> </span> on gross margins achieved in the<span class=\"_ _2b7\"> </span> period leading up to the date of the<span class=\"_ _2b7\"> </span> business plan. Both adjusted for<span class=\"_ _2b7\"> </span> current market conditions and cost of<span class=\"_ _2b7\"> </span> goods inflation.<span class=\"_ _2b7\"> </span>For the Services business, future sales<span class=\"_ _2b7\"> </span> and related gross margins are based<span class=\"_ _2b7\"> </span> on planned future product sales and<span class=\"_ _2b7\"> </span> contract losses based upon past<span class=\"_ _2b7\"> </span> performance and future expectations<span class=\"_ _2b7\"> </span> of the competitive environment.<span class=\"_ _2b7\"> </span>Existing customers: based on<span class=\"_ _2b7\"> </span> contractual terms.<span class=\"_ _2b7\"> </span> Losses are forecast based on historic<span class=\"_ _2b7\"> </span> data and future expectations of<span class=\"_ _2b7\"> </span> the market.<span class=\"_ _2b7\"> </span>Adjusted for: growth forecasts which<span class=\"_ _2b7\"> </span> are based on sales and marketing<span class=\"_ _2b7\"> </span> activity, recent customer acquisitions<span class=\"_ _2b7\"> </span> and the current economic environment<span class=\"_ _2b7\"> </span> in the relevant geography.<span class=\"_ _2b7\"> </span> Gas and electricity revenues based<span class=\"_ _2b7\"> </span> on forward market prices.<span class=\"_ _2b7\"> </span>Market share: percentage immediately<span class=\"_ _2b7\"> </span> prior to business plan.<span class=\"_ _2b7\"> </span>Wages: projected headcount in line<span class=\"_ _2b7\"> </span> with expected efficiency programme.<span class=\"_ _2b7\"> </span> Salary increases based on inflation<span class=\"_ _2b7\"> </span> expectations.<span class=\"_ _2b7\"> </span> Credit losses: historical assumptions<span class=\"_ _2b7\"> </span> regarding realised cash losses have<span class=\"_ _2b7\"> </span> been updated to reflect the current<span class=\"_ _2b7\"> </span> environment.<span class=\"_ _2b7\"> </span>Energy Marketing &amp;<span class=\"_ _2b7\"> </span> Trading<span class=\"_ _2b7\"> </span>Existing and new markets:<span class=\"_ _2b7\"> </span> management\u2019s estimate of future<span class=\"_ _2b7\"> </span> trading performance.<span class=\"_ _2b7\"> </span>As above.<span class=\"_ _23b\"> </span>Future development: increase in costs<span class=\"_ _2b7\"> </span> to support growth forecasts, adjusted<span class=\"_ _2b7\"> </span> for planned business process<span class=\"_ _2b7\"> </span> efficiencies.<span class=\"_ _2b7\"> </span>Centrica Business<span class=\"_ _2b7\"> </span> Solutions (turbines/<span class=\"_ _2b7\"> </span>engines/battery/solar)<span class=\"_ _2b7\"> </span>Based on forecast revenues,<span class=\"_ _2b7\"> </span> operations and maintenance costs,<span class=\"_ _2b7\"> </span> grid network and balancing system<span class=\"_ _2b7\"> </span> charges for the asset life.<span class=\"_ _2b7\"> </span>Based on forward and contracted<span class=\"_ _2b7\"> </span> prices for commodity, capacity market<span class=\"_ _2b7\"> </span> and grid ancillary service contracts for<span class=\"_ _2b7\"> </span> the asset life.<span class=\"_ _2b7\"> </span>Based on run-rate and forecast<span class=\"_ _2b7\"> </span> changes, including expected inflation<span class=\"_ _2b7\"> </span> for the asset life.<span class=\"_ _2b7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-500": {
   "value": "Overlift and underlift Off-take arrangements for gas produced from joint operations are often such that it is not practical for each participant to receive or sell its  precise share of the overall production during the period. This results in short-term imbalances between cumulative production entitlement  and cumulative sales, referred to as overlift and underlift. An overlift payable, or underlift receivable, is recognised at the balance sheet date within trade and other payables or trade and other  receivables respectively, and is measured at market value, with movements in the period recognised within cost of sales.  ",
   "dimensions": {
    "concept": "centrica:DescriptionOfAccountingPolicyForOverliftAndUnderlift",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-501": {
   "value": "Leases The Group assesses its contractual arrangements to determine whether they are or contain leases based on whether they convey the right  to control the use of an identified asset for a period of time in exchange for consideration. The Group recognises a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially  measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the  commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to  restore the underlying asset or the site on which it is located, less any lease incentives received. The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier of the end  of the useful life of the right-of-use asset or the end of the lease term. The estimated useful lives of right-of-use assets are determined on  the same basis as those of property and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any,  and adjusted for certain re-measurements of the lease liability. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted  using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group\u2019s incremental borrowing rate. The  liabilities for the majority of the Group\u2019s lease portfolio are calculated using the incremental borrowing rate. This rate is calculated on a  lease-by-lease basis, taking into account the credit rating of the Group at the inception of the lease and the lease term. The credit  adjustment used in this calculation is modified to reflect the security implicit in a lease arrangement based on the specific class of asset  being leased. Lease payments included in the measurement of the lease liability comprise: fixed payments (including in-substance fixed payments),  variable lease payments that depend on an index or a rate (initially measured using the index or rate as at the commencement date),  amounts expected to be payable under a residual value guarantee, the exercise price under a purchase option that the Group is  reasonably certain to exercise, lease payments in an optional renewal period if the Group is reasonably certain to exercise an extension  option, and penalties for early termination of a lease unless the Group is reasonably certain not to terminate early. When considering  whether the Group is reasonably certain to exercise extension or termination options, various factors are considered, such as the level of  lease payments relative to the market rate, the importance of the specific asset to the Group\u2019s operations and the period remaining until  the option becomes exercisable. Such judgements are reconsidered when there is a significant event or change of circumstances that is  within the control of the Group. Variable lease payments that do not depend on an index or rate are recognised in profit or loss in the  period in which the event or condition that triggers those payments occurs. The lease liability is subsequently measured at amortised cost using the effective interest method. It is re-measured when there is a  change in future lease payments arising from a change in an index or rate, if there is a change in the Group's estimate of the amount  expected to be payable under a residual value guarantee, or if the Group changes its assessment of whether it will exercise a purchase,  lease-term extension or termination option. Cash flows reflecting payment of capital and interest on leases are shown in cash flows from  financing activities. When the lease liability is re-measured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use of asset  or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero. The Group recognises the lease payments associated with short-term leases (leases expiring within twelve months from commencement)  and leases of low value assets (underlying asset value less than \u00a35,000) on a straight-line basis over the lease term. The Group holds interests in a number of joint operations within its exploration and production business. The Group has applied  judgement in identifying the customer where a lease arrangement is to be used by a jointly controlled operation. If the leased asset is dedicated to a specific joint operation and its usage is dictated by the joint operating agreement, the joint operation  is deemed the customer. In such instances:  \u2022 When the Group signs a lease agreement on behalf of a joint operation and has primary responsibility for payments to the lessor, the  Group recognises 100% of the lease liability and a right-of-use asset on its balance sheet. When the partner is obliged to reimburse the  Group for its share of lease payments, a sub-lease receivable is recognised and an equal adjustment to the right-of-use asset is made. \u2022 When the partner has the primary responsibility for payments to the lessor and the Group is obliged to reimburse its share of the lease  payments, a lease liability due to the partner and equal right-of-use asset are recognised.  If the leased asset is not dedicated to a specific joint operation or its usage is not dictated by the joint operating agreement of a joint  operation to which it is dedicated, the signatory to the lease agreement is deemed the customer. If this is the Group, the lease liability and  right-of-use asset are recognised in full. If it is the partner, no lease liability or right-of-use asset is recognised. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-502": {
   "value": "Inventories Inventories of finished goods are valued at the lower of cost (using weighted-average cost) or estimated net realisable value after  allowance for redundant and slow-moving items. The cost of inventories includes the purchase price plus costs of conversion incurred in  bringing the inventories to their present location and condition. Inventory of gas in storage held for the purpose of the Group\u2019s own use is measured on a weighted-average cost basis, whilst gas used  for trading purposes is measured at fair value less any costs to sell. Changes in fair value less costs to sell are recognised in the Group  Income Statement. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-503": {
   "value": "Securities The Group holds debt and equity securities predominantly in respect of the Centrica Unfunded Pension Scheme (see note 22). Debt  securities are required to be measured at fair value through profit or loss under IFRS 9, as the contractual terms of these assets do not  give rise to cash flows that are solely payments of principal and interest on the principal amounts outstanding. The Group has elected to  recognise the changes in fair value of the equity securities in other comprehensive income. The Group has also elected to recognise the  changes in fair value of certain equity trade investments held by Centrica Innovations in other comprehensive income. Further details can  be found in the accounting policy on financial instruments. ",
   "dimensions": {
    "concept": "centrica:DescriptionOfAccountingPolicyForSecurities",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-504": {
   "value": "Government grants Government grants are transfers of resources to the Group in return for past or future compliance with certain conditions relating to the  operating activities of the entity. Government assistance is designed to provide an economic benefit that is specific to an entity qualifying  under certain criteria. The Group recognises government grants only when there is reasonable assurance that the Group will comply with  the conditions attached to them and the grant will be received. Government grants are recognised in profit and loss on a systematic basis  over the periods in which the Group recognises as expenses the related costs for which the grants are intended to compensate.  Government grants related to assets are deducted from the carrying amount of the asset. In 2021 and 2022 the Group recognised a SoLR receivable in relation to amounts recoverable under the Last Resort Supplier Payment  mechanism administered by Ofgem, a government body, which is detailed in note 1. This process allows suppliers, appointed as Supplier  of Last Resort, to recover costs reasonably incurred in supplying affected customers. The receivable recognised reflects amounts incurred  primarily on commodity costs up to the reporting date which are recoverable under the LRSP claim. The associated credit has been  recognised in cost of sales and operating costs. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-505": {
   "value": "Decommissioning costs<span class=\"_ _2b7\"> </span>A provision is made for the net present value of the estimated cost of decommissioning gas production facilities at the end of the<span class=\"_ _2b7\"> </span> producing lives of fields and power stations at the end of their useful lives, based on price levels and technology at the balance sheet date.<span class=\"_ _2b7\"> </span>When this provision relates to an asset with sufficient future economic benefits, a decommissioning asset is recognised and included as<span class=\"_ _2b7\"> </span> part of the associated PP&amp;E and depreciated accordingly. The asset is subject to impairment review as detailed above. Changes in<span class=\"_ _2b7\"> </span> estimates and discount rates are dealt with prospectively and reflected as an adjustment to the provision and corresponding<span class=\"_ _2b7\"> </span> decommissioning asset included within PP&amp;E. The discount rate used to calculate the provision is 1% as discussed in note 3.<span class=\"_ _2b7\"> </span> The unwinding of the discount on the provision is included in the Group Income Statement within financing costs.<span class=\"_ _2b7\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDecommissioningRestorationAndRehabilitationProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-506": {
   "value": "Non-current assets and disposal groups held for sale and discontinued operations Non-current assets and disposal groups classified as held for sale are measured at the lower of carrying amount and fair value less costs  of disposal. No depreciation is charged in respect of non-current assets classified as held for sale. Non-current assets and disposal groups are classified as held for sale if their carrying amount will be recovered through a sale transaction  rather than through continuing use. This condition is regarded as met only when the sale is highly probable, the asset or disposal group is  available for immediate sale in its present condition and the Directors are committed to the sale which should be expected to qualify for  recognition as a completed sale within one year from the date of classification. The profits or losses and cash flows that relate to a major component of the Group that has been sold or is classified as held for sale  are presented separately from continuing operations as discontinued operations within the Group Income Statement and Group Cash  Flow Statement. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-507": {
   "value": "Pensions and other post-employment benefits The Group operates a number of defined benefit and defined contribution pension schemes. The cost of providing benefits under the  defined benefit schemes is determined separately for each scheme using the projected unit credit actuarial valuation method. Actuarial  gains and losses are recognised in the period in which they occur in other comprehensive income. The cost of providing retirement pensions and other benefits is charged to the Group Income Statement over the periods benefitting from  employees\u2019 service. Past service cost is recognised immediately. Costs of administering the schemes are charged to the Group Income  Statement. Net interest, being the change in the net defined benefit liability or asset due to the passage of time, is recognised in the Group  Income Statement within net finance cost. The net defined benefit liability or asset recognised in the Group Balance Sheet represents the present value of the defined benefit  obligation of the schemes and the fair value of the schemes\u2019 assets. The present value of the defined benefit obligation is determined by  discounting the estimated future cash outflows using interest rates of high-quality corporate bonds that are denominated in the currency in  which the benefits are paid, and that have terms of maturity approximating to the terms of the related pension liability. Payments to defined contribution retirement benefit schemes are recognised in the Group Income Statement as they fall due. In 2022 the Group provided a loan facility to the Group\u2019s three defined benefit pension schemes. The Group recognised the loan as a  financial asset under IFRS 9 \u2018Financial instruments\u2019 measured at amortised cost and classified as a receivable within securities on the  Group\u2019s balance sheet. The loan liability has been deducted from plan assets on the basis that the loan does not relate to employee  benefits in accordance with IAS 19. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-508": {
   "value": "Provisions Provisions are recognised when the Group has a present obligation (legal or constructive) as a result of a past event, that can be  measured reliably, and it is probable that the Group will be required to settle that obligation. Provisions are discounted to present value  where the effect is material. Where discounting is used, the increase in the provision due to the passage of time is recognised in the Group Income Statement within  interest expense. Onerous contract provisions are recognised where the unavoidable costs of meeting the obligations under a contract  exceed the economic benefits expected to be received under it. Contracts to purchase or sell energy are reviewed on a portfolio basis  given the fungible nature of energy, whereby it is assumed that the highest priced purchase contract supplies the highest priced sales  contract and the lowest priced sales contract is supplied by the lowest priced purchase contract. Since 2021, the Group recognises a  material onerous supply contract provision where the future costs to fulfil customer contracts on a current market price basis exceed the  charges recoverable from customers because the associated hedging gains have already been recognised in the Group Income  Statement. Further detail relating to the key assumptions and sources of estimation uncertainty are provided in note 3. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-534": {
   "value": "Taxation Current tax, including UK corporation tax, UK petroleum revenue tax and foreign tax is provided at amounts expected to be paid (or  recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. From time to time,  the Group may have open tax issues with a number of revenue authorities. Where an outflow of funds is believed to be probable and a  reliable estimate of the dispute can be made, management provides for its best estimate of the liability. These estimates take into account  the specific circumstances of each dispute and relevant external advice as well as the rules and regulations of the relevant tax authority in  the jurisdiction of the dispute. Often the Group is unable to predict whether an uncertain tax treatment will be accepted by the relevant  authority. In such instances the effects of uncertainty are reflected in management\u2019s assessment of the most likely outcome of each issue,  as reviewed and updated on a regular basis. Each item is considered separately and on a basis that provides the better prediction of the  outcome, unless the Group determines that it is appropriate to group certain items for consideration. See note 9 for further details on  uncertain tax provisions.  Deferred tax is recognised in respect of all temporary differences identified at the balance sheet date, except to the extent that the  deferred tax arises from the initial recognition of goodwill, or the initial recognition of an asset or liability in a transaction which is not a  business combination and at the time of the transaction affects neither accounting profit nor taxable profit and loss. Temporary differences  are differences between the carrying amount of the Group\u2019s assets and liabilities and their tax base.  Deferred tax liabilities may be offset against deferred tax assets within the same taxable entity or qualifying local tax group. Any remaining  deferred tax asset is recognised only when, on the basis of all available evidence, it can be regarded as probable that there will be suitable  taxable profits, within the same jurisdiction, in the foreseeable future, against which the deductible temporary difference can be utilised. Deferred tax is provided on temporary differences arising on subsidiaries, joint ventures and associates, except where the timing of the  reversal of the temporary difference can be controlled and it is probable that the temporary difference will not reverse in the foreseeable  future. Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the asset is realised or liability settled,  based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Measurement of deferred tax  liabilities and assets reflects the tax consequences expected from the manner in which the asset or liability is recovered or settled. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-509": {
   "value": "Taxation Current tax, including UK corporation tax, UK petroleum revenue tax and foreign tax is provided at amounts expected to be paid (or  recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. From time to time,  the Group may have open tax issues with a number of revenue authorities. Where an outflow of funds is believed to be probable and a  reliable estimate of the dispute can be made, management provides for its best estimate of the liability. These estimates take into account  the specific circumstances of each dispute and relevant external advice as well as the rules and regulations of the relevant tax authority in  the jurisdiction of the dispute. Often the Group is unable to predict whether an uncertain tax treatment will be accepted by the relevant  authority. In such instances the effects of uncertainty are reflected in management\u2019s assessment of the most likely outcome of each issue,  as reviewed and updated on a regular basis. Each item is considered separately and on a basis that provides the better prediction of the  outcome, unless the Group determines that it is appropriate to group certain items for consideration. See note 9 for further details on  uncertain tax provisions.  Deferred tax is recognised in respect of all temporary differences identified at the balance sheet date, except to the extent that the  deferred tax arises from the initial recognition of goodwill, or the initial recognition of an asset or liability in a transaction which is not a  business combination and at the time of the transaction affects neither accounting profit nor taxable profit and loss. Temporary differences  are differences between the carrying amount of the Group\u2019s assets and liabilities and their tax base.  Deferred tax liabilities may be offset against deferred tax assets within the same taxable entity or qualifying local tax group. Any remaining  deferred tax asset is recognised only when, on the basis of all available evidence, it can be regarded as probable that there will be suitable  taxable profits, within the same jurisdiction, in the foreseeable future, against which the deductible temporary difference can be utilised. Deferred tax is provided on temporary differences arising on subsidiaries, joint ventures and associates, except where the timing of the  reversal of the temporary difference can be controlled and it is probable that the temporary difference will not reverse in the foreseeable  future. Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the asset is realised or liability settled,  based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Measurement of deferred tax  liabilities and assets reflects the tax consequences expected from the manner in which the asset or liability is recovered or settled. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-510": {
   "value": "Financial instruments Financial assets and financial liabilities are recognised in the Group Balance Sheet when the Group becomes a party to the contractual  provisions of the instrument. Financial assets are derecognised when the Group no longer has the rights to cash flows, the risks and  rewards of ownership or control of the asset. Financial liabilities are derecognised when the obligation under the liability is discharged,  cancelled or expires. (a) Trade receivables Trade receivables are initially recognised at a value based on their transaction price, and are subsequently held at amortised cost using the  effective interest method (taking into account the Group\u2019s business model, which is to collect the contractual cash flows owing) less an  allowance for impairment losses. Balances are written off when recoverability is assessed as being remote. If collection is expected in one  year or less, receivables are classified as current assets. If not, they are presented as non-current assets. (b) Trade payables Trade payables are initially recognised at fair value, which is usually the original invoice amount and are subsequently held at amortised  cost using the effective interest method. If payment is due within one year or less, payables are classified as current liabilities. If not, they  are presented as non-current liabilities. (c) Share capital Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares are shown in equity as a  deduction from the proceeds received. Own equity instruments that are reacquired (treasury or own shares) are deducted from equity.  No gain or loss is recognised in the Group Income Statement on the purchase, sale, issue or cancellation of the Group\u2019s own equity  instruments.  (d) Cash and cash equivalents Cash and cash equivalents comprise cash in hand and current balances with banks and similar institutions and money market deposits,  which are readily convertible to known amounts of cash and which are subject to insignificant risk of changes in value and have an original  maturity of three months or less. Money market funds are also included in cash and cash equivalents, and are required to be measured at  fair value through profit or loss under IFRS 9, as noted in section (g) below. Cash and cash equivalents are presented net of outstanding  bank overdrafts where there is a legal right of set off and, for the Group\u2019s cash pooling arrangements, to the extent the Group expects to  settle its subsidiaries\u2019 year-end account balances on a net basis. For the purpose of the Group Cash Flow Statement, cash and cash equivalents consist of cash and cash equivalents as defined above,  net of outstanding bank overdrafts.  (e) Interest-bearing loans and other borrowings All interest-bearing loans and other borrowings with banks and similar institutions are initially recognised at fair value net of directly  attributable transaction costs. After initial recognition, interest-bearing loans and other borrowings are subsequently measured at  amortised cost using the effective interest method, except when they are hedged items in an effective fair value hedge relationship where  the carrying value is also adjusted to reflect the fair value movements associated with the hedged risks. Such fair value movements are  recognised in the Group Income Statement. Amortised cost is calculated by taking into account any issue costs, discount or premium. (f) Financial instruments at fair value through other comprehensive income Financial assets at fair value through other comprehensive income are equity instruments that the Group has elected to recognise the  changes in fair value of in other comprehensive income. They are recognised initially at fair value in the Group Balance Sheet and are re- measured subsequently at fair value with gains and losses arising from changes in fair value recognised directly in equity and presented in  other comprehensive income. Dividends arising on these financial assets are recognised in the Group Income Statement. If the Group assesses the need to recognise a loss allowance on a financial asset carried at fair value through other comprehensive  income, the loss allowance is recognised in other comprehensive income; however, the recognition of a loss allowance does not impact  the carrying value of the asset on the Group\u2019s Balance Sheet. Cumulative gains and losses on equity instruments at fair value through other comprehensive income are not recycled to the Group  Income Statement. (g) Financial assets at fair value through profit or loss The Group previously held investments in gilts which it designated at fair value through profit or loss in order to eliminate asymmetry arising  from the measurement of an index-linked derivative. Other debt instruments and money market funds (which are classified as cash  equivalents) are required to be measured at fair value through profit or loss under IFRS 9, as the assets are not held solely for the purpose  of collecting contractual cash flows related to principal and interest. Both mandatory and designated instruments are measured at fair  value on initial recognition and are re-measured to fair value in each subsequent reporting period. Gains and losses arising from changes  in fair value are recognised in the Group Income Statement within investment income or financing costs. (h) Derivative financial instruments The Group routinely enters into sale and purchase transactions for physical delivery of gas and power. A portion of these transactions  take the form of contracts that were entered into and continue to be held for the purpose of receipt or delivery of the physical commodity  in accordance with the Group\u2019s expected sale, purchase or usage requirements (\u2018own use\u2019), and are not within the scope of IFRS 9. The  assessment of whether a contract is deemed to be \u2018own use\u2019 is conducted on a Group basis without reference to underlying book  structures, business units or legal entities. Certain purchase and sales contracts for the physical delivery of gas and power are within the scope of IFRS 9 due to the fact that they  net settle or contain written options. Such contracts are accounted for as derivatives under IFRS 9 and are recognised in the Group  Balance Sheet at fair value. Gains and losses arising from changes in fair value on derivatives that do not qualify for hedge accounting are  taken directly to the Group Income Statement for the year. The Group uses a range of derivatives for both trading and to hedge exposures to financial risks, such as interest rates, foreign exchange  and energy price risks, arising in the normal course of business. Where considered appropriate, the Group may use weather derivatives to  protect against earnings volatility arising from unseasonal weather variations. The use of such derivatives did not have a material financial  statement impact in 2022 or 2021. The use of derivative financial instruments is governed by the Group\u2019s policies which are approved by  the Board of Directors. Further detail on the Group\u2019s risk management policies is included within the Strategic Report \u2013 Principal Risks and  Uncertainties on pages 28 to 33 and in note S3. The accounting treatment of derivatives is dependent on whether they are entered into for trading or hedging purposes. A derivative  instrument is considered to be used for hedging purposes when it alters the risk profile of an underlying exposure of the Group in line with  the Group\u2019s risk management policies and is in accordance with established guidelines. Certain derivative instruments used for hedging  purposes are designated in hedge accounting relationships as described by IAS 39 (the Group has not applied the hedge accounting  requirements of IFRS 9). In order to qualify for hedge accounting, the effectiveness of the hedge must be reliably measurable and  documentation describing the formal hedging relationship must be prepared at the point of designation. The hedge must be highly  effective in achieving its objective. The Group also holds derivatives that are used for hedging purposes which are not designated in hedge  accounting relationships and are held for trading. All derivatives are recognised at fair value on the date on which the derivative is entered into and are re-measured to fair value at each  reporting date. Derivatives are carried as assets when the fair value is positive and as liabilities when the fair value is negative. Derivative  assets and derivative liabilities are offset and presented on a net basis only when there is a currently enforceable legal right of set-off, and  the intention to net settle the derivative contracts is present. The disclosure of current and non-current derivative assets and liabilities is  determined by the settlement date of the derivative. The Group enters into certain energy derivative contracts covering periods for which observable market data does not exist. The fair value  of such derivatives is estimated by reference in part to published price quotations from active markets, to the extent that such observable  market data exists, and in part by using valuation techniques, the inputs to which include data that is not based on or derived from  observable markets. Where the fair value at initial recognition for such contracts differs from the transaction price, a fair value gain or fair  value loss will arise. This is referred to as a day-one gain or day-one loss. Such gains and losses are deferred (not recognised) and  amortised to the Group Income Statement based on volumes purchased or delivered over the contractual period until such time as  observable market data becomes available. When observable market data becomes available, any remaining deferred day-one gains or  losses are recognised within the Group Income Statement.  Recognition of the gains or losses resulting from changes in fair value depends on the purpose for issuing or holding the derivative. For  derivatives that do not qualify for cash flow or net investment hedge accounting, any gains or losses arising from changes in fair value are  taken directly to the Group Income Statement and are included within gross profit or investment income and financing costs. Where  derivatives qualify for cash flow or net investment hedging, changes in fair value arising from the effective element of the hedge are  recognised initially in the Group Statement of Comprehensive Income and are recycled to the Group Income Statement when the hedged  item impacts profit or loss. Further details on the treatment of energy derivatives in the Group Income Statement is provided in note 2.  Further detail on the treatment of derivatives in hedging relationships is provided in note S5. Derivatives embedded in other financial instruments or other host contracts are treated as separate derivatives when their risks and  characteristics are not closely related to those of the host contracts and the host contracts are not carried at fair value, with gains or  losses reported in the Group Income Statement. The closely related nature of embedded derivatives is reassessed when there is a change  in the terms of the contract that significantly modifies the future cash flows under the contract. Where a contract contains one or more  embedded derivatives, and providing that the embedded derivative significantly modifies the cash flows under the contract, the option to  fair value the entire contract may be taken and the contract will be recognised at fair value with changes in fair value recognised in the  Group Income Statement. Gains and losses arising from changes in the fair value of energy derivative contracts are recognised within  \u2018Re-measurement and settlement of energy contracts\u2019 in the Group\u2019s Results for the period under IFRS. (i) Hedge accounting The Group continues to apply the hedge accounting requirements of IAS 39 and has not adopted IFRS 9 hedge accounting. For the purposes of hedge accounting, hedges are classified as either net investment hedges, fair value hedges or cash flow hedges.  Note S5 details the Group\u2019s accounting policies in relation to derivatives qualifying for hedge accounting under IAS 39. (j) Financial guarantees Financial guarantees are contracts that require the Group to make specified payments to reimburse the holder for a loss it incurs because  a specified debtor fails to make payment when due in accordance with the terms of a debt instrument. The Group accounts for financial  guarantee contracts at fair value under IFRS 9. (k) Impairment of financial assets In accordance with IFRS 9, the Group has applied the expected credit loss model to financial assets measured at amortised cost and to  investments in debt instruments measured at fair value through other comprehensive income. For trade receivables and contract assets the simplified approach is taken and the lifetime expected credit loss provided for.  For all other in-scope financial assets at the balance sheet date either the lifetime expected credit loss or a 12-month expected credit loss  is provided for, depending on the Group\u2019s assessment of whether the credit risk associated with the specific asset has increased  significantly since initial recognition. As the Group\u2019s financial assets are predominantly short-term (less than 12 months), the impairment  loss recognised is not materially different using either approach. Further details of the assumptions and inputs used to calculate expected  credit losses are shown in note 17. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-535": {
   "value": "(a) Trade receivables Trade receivables are initially recognised at a value based on their transaction price, and are subsequently held at amortised cost using the  effective interest method (taking into account the Group\u2019s business model, which is to collect the contractual cash flows owing) less an  allowance for impairment losses. Balances are written off when recoverability is assessed as being remote. If collection is expected in one  year or less, receivables are classified as current assets. If not, they are presented as non-current assets. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-536": {
   "value": "(b) Trade payables Trade payables are initially recognised at fair value, which is usually the original invoice amount and are subsequently held at amortised  cost using the effective interest method. If payment is due within one year or less, payables are classified as current liabilities. If not, they  are presented as non-current liabilities. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-537": {
   "value": "(c) Share capital Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new shares are shown in equity as a  deduction from the proceeds received. Own equity instruments that are reacquired (treasury or own shares) are deducted from equity.  No gain or loss is recognised in the Group Income Statement on the purchase, sale, issue or cancellation of the Group\u2019s own equity  instruments.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-538": {
   "value": "(d) Cash and cash equivalents Cash and cash equivalents comprise cash in hand and current balances with banks and similar institutions and money market deposits,  which are readily convertible to known amounts of cash and which are subject to insignificant risk of changes in value and have an original  maturity of three months or less. Money market funds are also included in cash and cash equivalents, and are required to be measured at  fair value through profit or loss under IFRS 9, as noted in section (g) below. Cash and cash equivalents are presented net of outstanding  bank overdrafts where there is a legal right of set off and, for the Group\u2019s cash pooling arrangements, to the extent the Group expects to  settle its subsidiaries\u2019 year-end account balances on a net basis. For the purpose of the Group Cash Flow Statement, cash and cash equivalents consist of cash and cash equivalents as defined above,  net of outstanding bank overdrafts.  ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-539": {
   "value": "(e) Interest-bearing loans and other borrowings All interest-bearing loans and other borrowings with banks and similar institutions are initially recognised at fair value net of directly  attributable transaction costs. After initial recognition, interest-bearing loans and other borrowings are subsequently measured at  amortised cost using the effective interest method, except when they are hedged items in an effective fair value hedge relationship where  the carrying value is also adjusted to reflect the fair value movements associated with the hedged risks. Such fair value movements are  recognised in the Group Income Statement. Amortised cost is calculated by taking into account any issue costs, discount or premium. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-540": {
   "value": "(f) Financial instruments at fair value through other comprehensive income Financial assets at fair value through other comprehensive income are equity instruments that the Group has elected to recognise the  changes in fair value of in other comprehensive income. They are recognised initially at fair value in the Group Balance Sheet and are re- measured subsequently at fair value with gains and losses arising from changes in fair value recognised directly in equity and presented in  other comprehensive income. Dividends arising on these financial assets are recognised in the Group Income Statement. If the Group assesses the need to recognise a loss allowance on a financial asset carried at fair value through other comprehensive  income, the loss allowance is recognised in other comprehensive income; however, the recognition of a loss allowance does not impact  the carrying value of the asset on the Group\u2019s Balance Sheet. Cumulative gains and losses on equity instruments at fair value through other comprehensive income are not recycled to the Group  Income Statement. (g) Financial assets at fair value through profit or loss The Group previously held investments in gilts which it designated at fair value through profit or loss in order to eliminate asymmetry arising  from the measurement of an index-linked derivative. Other debt instruments and money market funds (which are classified as cash  equivalents) are required to be measured at fair value through profit or loss under IFRS 9, as the assets are not held solely for the purpose  of collecting contractual cash flows related to principal and interest. Both mandatory and designated instruments are measured at fair  value on initial recognition and are re-measured to fair value in each subsequent reporting period. Gains and losses arising from changes  in fair value are recognised in the Group Income Statement within investment income or financing costs. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-541": {
   "value": "(h) Derivative financial instruments The Group routinely enters into sale and purchase transactions for physical delivery of gas and power. A portion of these transactions  take the form of contracts that were entered into and continue to be held for the purpose of receipt or delivery of the physical commodity  in accordance with the Group\u2019s expected sale, purchase or usage requirements (\u2018own use\u2019), and are not within the scope of IFRS 9. The  assessment of whether a contract is deemed to be \u2018own use\u2019 is conducted on a Group basis without reference to underlying book  structures, business units or legal entities. Certain purchase and sales contracts for the physical delivery of gas and power are within the scope of IFRS 9 due to the fact that they  net settle or contain written options. Such contracts are accounted for as derivatives under IFRS 9 and are recognised in the Group  Balance Sheet at fair value. Gains and losses arising from changes in fair value on derivatives that do not qualify for hedge accounting are  taken directly to the Group Income Statement for the year. The Group uses a range of derivatives for both trading and to hedge exposures to financial risks, such as interest rates, foreign exchange  and energy price risks, arising in the normal course of business. Where considered appropriate, the Group may use weather derivatives to  protect against earnings volatility arising from unseasonal weather variations. The use of such derivatives did not have a material financial  statement impact in 2022 or 2021. The use of derivative financial instruments is governed by the Group\u2019s policies which are approved by  the Board of Directors. Further detail on the Group\u2019s risk management policies is included within the Strategic Report \u2013 Principal Risks and  Uncertainties on pages 28 to 33 and in note S3. The accounting treatment of derivatives is dependent on whether they are entered into for trading or hedging purposes. A derivative  instrument is considered to be used for hedging purposes when it alters the risk profile of an underlying exposure of the Group in line with  the Group\u2019s risk management policies and is in accordance with established guidelines. Certain derivative instruments used for hedging  purposes are designated in hedge accounting relationships as described by IAS 39 (the Group has not applied the hedge accounting  requirements of IFRS 9). In order to qualify for hedge accounting, the effectiveness of the hedge must be reliably measurable and  documentation describing the formal hedging relationship must be prepared at the point of designation. The hedge must be highly  effective in achieving its objective. The Group also holds derivatives that are used for hedging purposes which are not designated in hedge  accounting relationships and are held for trading. All derivatives are recognised at fair value on the date on which the derivative is entered into and are re-measured to fair value at each  reporting date. Derivatives are carried as assets when the fair value is positive and as liabilities when the fair value is negative. Derivative  assets and derivative liabilities are offset and presented on a net basis only when there is a currently enforceable legal right of set-off, and  the intention to net settle the derivative contracts is present. The disclosure of current and non-current derivative assets and liabilities is  determined by the settlement date of the derivative. The Group enters into certain energy derivative contracts covering periods for which observable market data does not exist. The fair value  of such derivatives is estimated by reference in part to published price quotations from active markets, to the extent that such observable  market data exists, and in part by using valuation techniques, the inputs to which include data that is not based on or derived from  observable markets. Where the fair value at initial recognition for such contracts differs from the transaction price, a fair value gain or fair  value loss will arise. This is referred to as a day-one gain or day-one loss. Such gains and losses are deferred (not recognised) and  amortised to the Group Income Statement based on volumes purchased or delivered over the contractual period until such time as  observable market data becomes available. When observable market data becomes available, any remaining deferred day-one gains or  losses are recognised within the Group Income Statement.  Recognition of the gains or losses resulting from changes in fair value depends on the purpose for issuing or holding the derivative. For  derivatives that do not qualify for cash flow or net investment hedge accounting, any gains or losses arising from changes in fair value are  taken directly to the Group Income Statement and are included within gross profit or investment income and financing costs. Where  derivatives qualify for cash flow or net investment hedging, changes in fair value arising from the effective element of the hedge are  recognised initially in the Group Statement of Comprehensive Income and are recycled to the Group Income Statement when the hedged  item impacts profit or loss. Further details on the treatment of energy derivatives in the Group Income Statement is provided in note 2.  Further detail on the treatment of derivatives in hedging relationships is provided in note S5. Derivatives embedded in other financial instruments or other host contracts are treated as separate derivatives when their risks and  characteristics are not closely related to those of the host contracts and the host contracts are not carried at fair value, with gains or  losses reported in the Group Income Statement. The closely related nature of embedded derivatives is reassessed when there is a change  in the terms of the contract that significantly modifies the future cash flows under the contract. Where a contract contains one or more  embedded derivatives, and providing that the embedded derivative significantly modifies the cash flows under the contract, the option to  fair value the entire contract may be taken and the contract will be recognised at fair value with changes in fair value recognised in the  Group Income Statement. Gains and losses arising from changes in the fair value of energy derivative contracts are recognised within  \u2018Re-measurement and settlement of energy contracts\u2019 in the Group\u2019s Results for the period under IFRS. (i) Hedge accounting The Group continues to apply the hedge accounting requirements of IAS 39 and has not adopted IFRS 9 hedge accounting. For the purposes of hedge accounting, hedges are classified as either net investment hedges, fair value hedges or cash flow hedges.  Note S5 details the Group\u2019s accounting policies in relation to derivatives qualifying for hedge accounting under IAS 39. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-542": {
   "value": "(j) Financial guarantees Financial guarantees are contracts that require the Group to make specified payments to reimburse the holder for a loss it incurs because  a specified debtor fails to make payment when due in accordance with the terms of a debt instrument. The Group accounts for financial  guarantee contracts at fair value under IFRS 9. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-543": {
   "value": "(k) Impairment of financial assets In accordance with IFRS 9, the Group has applied the expected credit loss model to financial assets measured at amortised cost and to  investments in debt instruments measured at fair value through other comprehensive income. For trade receivables and contract assets the simplified approach is taken and the lifetime expected credit loss provided for.  For all other in-scope financial assets at the balance sheet date either the lifetime expected credit loss or a 12-month expected credit loss  is provided for, depending on the Group\u2019s assessment of whether the credit risk associated with the specific asset has increased  significantly since initial recognition. As the Group\u2019s financial assets are predominantly short-term (less than 12 months), the impairment  loss recognised is not materially different using either approach. Further details of the assumptions and inputs used to calculate expected  credit losses are shown in note 17. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-511": {
   "value": "Nuclear activity<span class=\"_ _2b7\"> </span>The Group\u2019s investment in Lake Acquisitions Limited (\u2018Nuclear\u2019) is accounted for as an associate. The following accounting policies are<span class=\"_ _2b7\"> </span> specific to this nuclear activity.<span class=\"_ _2b7\"> </span>(a) Fuel costs \u2013 nuclear front end<span class=\"_ _2b7\"> </span>Front-end fuel costs consist of the costs of procurement of uranium, conversion and enrichment services, and fuel element fabrication.<span class=\"_ _2b7\"> </span> All costs are capitalised into inventory and charged to the Group Income Statement in proportion to the amount of fuel burnt.<span class=\"_ _2b7\"> </span>(b) Fuel costs \u2013 nuclear back end<span class=\"_ _2b7\"> </span>Advanced gas-cooled reactors (AGR)<span class=\"_ _2b7\"> </span>Spent fuel extracted from the reactors is sent for reprocessing and/or long-term storage and eventual disposal of resulting waste<span class=\"_ _2b7\"> </span> products. Back-end fuel costs comprise of a loading-related cost per tonne of uranium and a rebate/surcharge to this cost which is<span class=\"_ _2b7\"> </span> dependent on the out-turn market electricity price and the amount of electricity generated from AGR stations in the year. These costs are<span class=\"_ _2b7\"> </span> capitalised into inventory and charged to the Group Income Statement in proportion to the amount of fuel burnt.<span class=\"_ _2b7\"> </span>Pressurised water reactor (PWR)<span class=\"_ _2b7\"> </span>Back-end fuel costs are based on wet storage in station ponds followed by dry storage and subsequent direct disposal of fuel. Back-end<span class=\"_ _1\"></span> fuel costs are capitalised into inventory on loading and are charged to the Group Income Statement in proportion to the amount of fuel<span class=\"_ _2b7\"> </span> burnt.<span class=\"_ _2b7\"> </span>(c) Nuclear PP&amp;E \u2013 depreciation<span class=\"_ _2b7\"> </span>The majority of the cost of the nuclear fleet is depreciated from the date of the Group acquiring its share of the fleet on a straight-line<span class=\"_ _2b7\"> </span> basis, with remaining depreciable periods currently of up to <span class=\"_ _1\"></span>33 years.<span class=\"_ _2b7\"> </span>Other expenditure including amounts spent on major inspections and overhauls of production plant is depreciated over the period until the<span class=\"_ _2b7\"> </span> next outage which for AGR power stations is 2 to 3 years and for the PWR power station is 18 months.<span class=\"_ _2b7\"> </span>(d) Nuclear Liabilities Fund (NLF) funding arrangements<span class=\"_ _2b7\"> </span>Under the arrangements in place with the Secretary of State, the NLF will fund, subject to certain exceptions, qualifying uncontracted<span class=\"_ _2b7\"> </span> nuclear liabilities and qualifying decommissioning costs.<span class=\"_ _2b7\"> </span>In part consideration for the assumption of these liabilities by the Secretary of State and the NLF, the former British Energy Group agreed<span class=\"_ _2b7\"> </span> to pay fixed decommissioning contributions each year and \u00a3150,000 (indexed to RPI) for every tonne of uranium in PWR fuel loaded into<span class=\"_ _2b7\"> </span> the Sizewell B reactor after the date of these arrangements.<span class=\"_ _2b7\"> </span>(e) NLF and nuclear liabilities receivables<span class=\"_ _2b7\"> </span>The UK Government indemnity is provided to indemnify any future shortfall on NLF funding of qualifying uncontracted nuclear liabilities<span class=\"_ _2b7\"> </span> (including PWR back-end fuel services) and qualifying nuclear decommissioning costs such that the receivable equals the present value of<span class=\"_ _2b7\"> </span> the associated qualifying nuclear liabilities (apart from a small timing difference due to timing of receipts from NLF).<span class=\"_ _2b7\"> </span>(f) Nuclear liabilities<span class=\"_ _2b7\"> </span>Nuclear liabilities represent provision for liabilities in respect of the costs of waste management of spent fuel and nuclear decommissioning.<span class=\"_ _2b7\"> </span>(g) Unburnt fuels at shutdown<span class=\"_ _2b7\"> </span>Due to the nature of the nuclear fuel process there will be quantities of unburnt fuel in the reactors at station closure. The costs relating to<span class=\"_ _2b7\"> </span> this unburnt fuel (final core) are fully provided for at the balance sheet date. The provision is based on a projected value per tonne of fuel<span class=\"_ _2b7\"> </span> remaining at closure, discounted back to the balance sheet date and recorded as a long-term liability.<span class=\"_ _2b7\"> </span>",
   "dimensions": {
    "concept": "centrica:DescriptionOfAccountingPolicyForNuclearActivity",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-512": {
   "value": "<div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:792.78235px;\">S3<span class=\"ff6d fs11 fca\">.<span class=\"_ _13e\"> </span></span>Financial risk management<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:759.3983px;\">The Group\u2019s normal operating, investing and financing activities expose it to a variety of financial risks: market risk<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:746.1383px;\">(including commodity price risk, currency risk and interest rate risk), credit risk and liquidity risk. The Group\u2019s overall<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:732.8783px;\">financial risk management processes are designed to identify, manage and mitigate these risks.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:700.23535px;\">Further detail on the Group\u2019s overall risk management processes is included within the Strategic Report \u2013 Principal Risks and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:686.9754px;\">Uncertainties on pages 28 to 33.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:669.8153px;\">Commodity price risk management is carried out in accordance with individual business unit policies and directives including appropriate<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:656.55536px;\">escalation routes.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:639.3953px;\">Treasury risk management, including management of currency risk, interest rate risk and liquidity risk is carried out by a central Group<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:626.1353px;\">Treasury function in accordance with the Group\u2019s financing and treasury policy, as approved by the Board.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:608.9754px;\">The wholesale credit risks associated with commodity trading and treasury positions are managed in accordance with the Group\u2019s credit<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:595.7153px;\">risk policy. Downstream customer credit risk management is carried out in accordance with appropriate group-wide and individual<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:582.4553px;\">business unit credit policies.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:564.3593px;\">Market risk management<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:550.4754px;\">Market risk is the risk of loss that results from changes in market prices (commodity prices, foreign exchange rates and interest rates). The<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:537.21533px;\">level of market risk to which the Group is exposed at a point in time varies depending on market conditions, expectations of future price or<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:523.9553px;\">market rate movements and the composition of the Group\u2019s physical asset and contract portfolios.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:506.79535px;\">(a) Commodity price risk management<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:493.53534px;\">The Group is exposed to commodity price risk in its energy procurement and supply activities, production, generation and trading<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:480.27533px;\">operations and uses specific limits to manage the exposure to commodity prices associated with the Group\u2019s activities to an acceptable<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:467.01532px;\">level. The Group uses Profit at Risk (PaR) limits to control exposures to market prices. These are complemented by other limits including<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:453.75537px;\">Value at Risk (VaR), volumetric or stop-loss limits to control risk around trading activities.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h27 ff67 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:436.59534px;\">(i)<span class=\"ff71 fcf\"> </span>Energy price exposed business activities<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:423.33533px;\">The Group\u2019s price exposed business activities consist of equity gas and liquids production, equity power generation, bilateral procurement<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:410.07538px;\">and sales contracts, market-traded purchase and sales contracts and derivative positions primarily transacted with the intent of securing<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:396.81537px;\">gas and power for the Group\u2019s supply customers, from a variety of sources at an optimal cost. The Group actively manages commodity<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:383.55536px;\">price risk by optimising its asset and contract portfolios and making use of volume flexibility.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:366.39532px;\">The Group\u2019s commodity price risk exposure within its business activities is driven by the cost of procuring gas and electricity to serve its<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:353.1353px;\">supply customers and selling gas and electricity from its upstream production and generation, which varies with wholesale commodity<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:339.87537px;\">prices. The primary risk is that market prices for commodities will fluctuate between the time that sales prices are fixed or tariffs are set<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:326.61533px;\">and the time at which the corresponding procurement cost is fixed, thereby potentially reducing expected margins or making sales<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:313.35535px;\">unprofitable.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:296.19534px;\">The Group\u2019s supply activities are also exposed to volumetric risk in the form of an uncertain consumption profile arising from a range of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:282.93533px;\">factors, including the weather, energy consumption changes, customer attrition and the economic climate. There is also risk associated<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:269.67532px;\">with ensuring that there is sufficient commodity available to secure supply to customers. The Group\u2019s production and generation activities<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:256.41537px;\">are also exposed to volumetric risk in the form of uncertain production profiles.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:239.25534px;\">In order to manage the exposure to market prices associated with the Group\u2019s business operations the Group uses a specific set of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:225.99533px;\">risk limits (including VaR and PaR) established by the Board, and sub-delegated downwards through the delegation lines to the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:212.73532px;\">commercial leaders.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:195.57532px;\">PaR measures the estimated potential loss in a position or portfolio of positions associated with the movement of a commodity price for<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:182.31537px;\">a given confidence level, over the remaining term of the position or contract. VaR measures the estimated potential loss for a given<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:169.05536px;\">confidence level over a predetermined holding period. The standard confidence level used is 95%. In addition, regular stress and scenario<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:155.79535px;\">tests are performed to evaluate the impact on the portfolio of possible substantial movements in commodity prices.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:138.63531px;\">The Group measures and manages the commodity price risk associated with the Group\u2019s entire energy price exposed business portfolio.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:125.37532px;\">Only certain of the Group\u2019s energy contracts constitute financial instruments under IFRS 9 (see note <span class=\"_ _1\"></span>S6.).<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:108.21538px;\">As a result, while the Group manages the commodity price risk associated with both financial and non-financial energy procurement and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:94.95535px;\">sales contracts, it is the notional value of energy contracts being carried at fair value that represents the exposure of the Group\u2019s energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:81.69534px;\">price exposed business activities to commodity price risk according to IFRS 7 \u2018Financial Instruments: Disclosures\u2019. This is because energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:68.43533px;\">contracts that are financial instruments under IFRS 9 are accounted for on a fair value basis and changes in fair value immediately impact<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:55.17531px;\">profit. Conversely, energy contracts that are not financial instruments under IFRS 9 are accounted for as executory contracts and changes<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:41.915375px;\">in fair value do not immediately impact profit and, as such, are not exposed to commodity price risk as defined by IFRS 7. So, whilst the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:28.65535px;\">PaR or VaR associated with energy procurement and supply contracts that are outside the scope of IFRS 9 are monitored for internal risk<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.39534px;\">management purposes, only those energy contracts within the scope of IFRS 9 are within the scope of the IFRS 7 disclosure<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1353302px;\">requirements.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:667.90735px;\">S3.<span class=\"_ _13e\"> </span>Financial risk management<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h27 ff67 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:647.1853px;\">(ii) Proprietary energy trading<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:633.9254px;\">The Group\u2019s proprietary energy trading activities consist of physical and financial commodity purchases and sales contracts taken on with<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:620.6653px;\">the intent of benefitting from changes in market prices or differences between buying and selling prices. The Group conducts its trading<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:607.40533px;\">activities in the over-the-counter market and through exchanges in the UK and continental Europe. The Group is exposed to commodity<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:594.1453px;\">price risk as a result of its proprietary energy trading activities because the value of its trading assets and liabilities will fluctuate with<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:580.8853px;\">changes in market prices for commodities.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:563.7254px;\">The Group sets volumetric and VaR limits to manage the commodity price risk exposure associated with the Group\u2019s proprietary energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:550.4653px;\">trading activities. VaR measures the estimated potential loss at a 95% confidence level over a one-day holding period. The carrying value<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:537.2053px;\">of energy contracts used in proprietary energy trading activities at <span class=\"_ _1\"></span>31 December 2022 is disclosed in note 19.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:520.04535px;\">As with any modelled risk measure, there are certain limitations that arise from the assumptions used in the VaR calculation. VaR assumes<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:506.78534px;\">that historical price behaviours will continue in the future and that the Group\u2019s trading positions can be unwound or hedged within the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:493.5254px;\">predetermined holding period. Furthermore, the use of a 95% confidence level, by definition, does not take into account changes in value<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:480.26532px;\">that might occur beyond this confidence level.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:463.10535px;\">(b) Currency risk management<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:449.84534px;\">The Group is exposed to currency risk on foreign currency denominated forecast transactions, firm commitments, monetary assets and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:436.58533px;\">liabilities (transactional exposure) and on its net investments in foreign operations (translational exposure). IFRS 7 only requires disclosure<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:423.32538px;\">of currency risk arising on financial instruments denominated in a currency other than the functional currency of the commercial operation<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:410.06537px;\">transacting. As a result, for the purposes of IFRS 7, currency risk excludes items that are not financial instruments, such as the Group\u2019s<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:396.80536px;\">net investments in international operations as well as foreign currency denominated forecast transactions and firm commitments.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h27 ff67 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:379.64532px;\">(i) Transactional currency risk<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:366.3853px;\">The Group is exposed to transactional currency risk on transactions denominated in currencies other than the underlying functional<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:353.12537px;\">currency of the commercial operation transacting. The primary functional currencies remain pounds sterling in the UK, Danish krone in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:339.86536px;\">Denmark, Euros in the Netherlands and the Republic of Ireland and US Dollars in the Group\u2019s LNG business. The risk is that the functional<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:326.60535px;\">currency value of cash flows will vary as a result of movements in exchange rates. Transactional exposure arises from the Group\u2019s energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:313.34534px;\">procurement, production and generation activities, where many transactions are denominated in foreign currencies. In addition, in order to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:300.08533px;\">optimise the cost of funding, the Group has, in certain cases, issued foreign currency denominated debt or entered into foreign currency<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:286.82538px;\">loans, primarily in US dollars, Euros and Japanese yen.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:269.66534px;\">It is the Group\u2019s policy to hedge material transactional exposures using derivatives (either applying formal hedge accounting or economic<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:256.40536px;\">hedge relationships) to fix the functional currency value of non-functional currency cash flows, except where there is an economic hedge<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:243.14532px;\">inherent in the transaction. At 31 December 2022, there were no material unhedged non-functional currency monetary assets or liab<span class=\"_ _1\"></span>ilities,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:229.88531px;\">firm commitments or probable forecast transactions (2021<span class=\"_ _b\"></span>: \u00a3nil), other than transactions which have an inherent economic hedge and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:216.62537px;\">foreign currency borrowings used to hedge translational exposures.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h27 ff67 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:199.46533px;\">(ii) Translational currency risk<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:186.20535px;\">The Group is exposed to translational currency risk as a result of its net investments in Europe. The risk is that the pounds sterling value of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:172.94534px;\">the net assets of foreign operations will decrease with changes in foreign exchange rates. The Group\u2019s policy is to protect the pounds<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:159.68533px;\">sterling book value of its net investments in foreign operations where appropriate, subject to certain parameters, by holding foreign<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:146.42532px;\">currency debt, entering into foreign currency derivatives, or a mixture of both.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:129.26538px;\">The Group manages translational currency risk taking into consideration the cash impact of any hedging activity as well as the risk to the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:116.00534px;\">net asset carrying values in the Group\u2019s Financial Statements. The translation hedging programme including the potential cash impact is<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:102.74533px;\">managed by the Group Treasury function and monitored by the Chief Financial Officer.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:85.58533px;\">(c) Interest rate risk management<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:72.32532px;\">In the normal course of business the Group borrows to finance its operations. The Group is exposed to interest rate risk because the fair<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:59.06537px;\">value of fixed-rate borrowings and the cash flows associated with floating rate borrowings will fluctuate with changes in interest rates. The<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:45.80536px;\">Group\u2019s policy is to manage the interest rate risk on long-term borrowings by ensuring the exposure to floating interest rates remains<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:32.54535px;\">within a 30% to 70% range, including the impact of interest rate derivatives.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.385315px;\">The return generated on the Group\u2019s cash balance is also exposed to movements in short-term interest rates. The Group manages cash<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1253204px;\">balances to protect against adverse changes in rates whilst retaining liquidity.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:727.255px;\">S3.<span class=\"_ _13e\"> </span>Financial risk management<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:702.633px;\">(d) Sensitivity analysis<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:689.37305px;\">IFRS 7 requires disclosure of a sensitivity analysis that is intended to illustrate the sensitivity of the Group\u2019s financial position and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:676.113px;\">performance to changes in market variables (commodity prices, foreign exchange rates and interest rates) as a result of changes in the fair<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:662.853px;\">value or cash flows associated with the Group\u2019s financial instruments. The sensitivity analysis provided discloses the effect on profit or loss<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:649.593px;\">and equity at 31 December 2022, assuming that a reasonably possible change in the relevant risk variable had occurred at <span class=\"_ _1\"></span>31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:636.333px;\">2022, and has been applied to the risk exposures in existence at that date to show the effects of reasonably possible changes in price on<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:623.07306px;\">profit or loss and equity. Reasonably possible changes in market variables used in the sensitivity analysis are based on implied volatilities,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:609.8129px;\">where available, or historical data for energy prices and foreign exchange rates. Reasonably possible changes in interest rates are based<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:596.553px;\">on management judgement and historical experience.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:579.393px;\">The sensitivity analysis has been prepared based on 31 Decemb<span class=\"_ _b\"></span>er 2022 balances and on the basis that the balances, the ratio of fixed to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:566.133px;\">floating rates of debt and derivatives, the proportion of energy contracts that are financial instruments, the proportion of financial<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:552.87305px;\">instruments in foreign currencies and the hedge designations in place at <span class=\"_ _1\"></span>31 December 2022 are all constant. Excluded from this analysis<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:539.613px;\">are all non-financial assets and liabilities and energy contracts that are not financial instruments under IFRS 9. The sensitivity to foreign<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:526.353px;\">exchange rates relates only to monetary assets and liabilities denominated in a currency other than the functional currency of the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:513.093px;\">commercial operation transacting, and excludes the translation of the net assets of foreign operations to pounds sterling.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:495.93298px;\">The sensitivity analysis provided is hypothetical only and should be used with caution as the impacts provided are not necessarily<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:482.67303px;\">indicative of the actual impacts that would be experienced. This is because the Group\u2019s actual exposure to market rates is changing<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:469.41302px;\">constantly as the Group\u2019s portfolio of commodity, debt and foreign currency contracts changes. Changes in fair values or cash flows<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:456.153px;\">based on a variation in a market variable cannot be extrapolated because the relationship between the change in market variable and the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:442.893px;\">change in fair value or cash flows may not be linear. In addition, the effect of a change in a particular market variable on fair values or cash<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:429.633px;\">flows is calculated without considering interrelationships between the various market rates or mitigating actions that would be taken by the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:416.373px;\">Group.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h27 ff67 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:399.213px;\">(i) Transactional currency risk<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:385.953px;\">The Group has performed an analysis of the sensitivity of the Group\u2019s financial position and performance to changes in foreign exchange<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:372.693px;\">rates. The Group deems 10% movements to US dollar and euro currency rates relative to pounds sterling to be reasonably possible.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:355.53296px;\">The material impact of such movements on profit and equity, both before and after taxation, are as follows:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:309.05798px;\">Incremental profit/(loss)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:572.51605px; bottom:336.57898px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:551.24677px; bottom:327.219px;\">Impact on<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:569.589px; bottom:317.859px;\">profit<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:577.09424px; bottom:308.499px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:336.57898px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:627.06537px; bottom:327.219px;\">Impact<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:621.7755px; bottom:317.859px;\">on profit<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:308.499px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:293.952px;\">US dollar \u2013 increase/(decrease)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:549.0159px; bottom:294.18597px;\">139/(180)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:619.1339px; bottom:293.952px;\">86/(117)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:279.327px;\">Euro \u2013 increase/(decrease)<span class=\"_ _23c\"> </span><span class=\"ff66\">36/(38)<span class=\"_ _75\"> </span></span>111/(113)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:260.698px;\">All other currency sensitivities are not material.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h27 ff67 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:243.53802px;\">(ii) Interest rate risk<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:230.27802px;\">The Group has performed an analysis of the sensitivity of the Group\u2019s financial position and performance to changes in interest rates. The<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:217.018px;\">Group deems a one percentage point move in UK, US and euro interest rates to be reasonably possible<span class=\"_ _1\"></span>. The impact of such movements<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:203.758px;\">on profit and equity, both after taxation, is immaterial.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h27 ff67 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:186.59796px;\">(iii) Commodity price risk \u2013 non proprietary<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:173.33804px;\">The impacts of reasonably possible changes in commodity prices on profit and equity, both after taxation, based on the assumptions set<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:160.078px;\">out above are as follows:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:453.15942px; bottom:140.34402px;\">2022<span class=\"_ _cf\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:90.203px;\">Energy prices<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:412.7389px; bottom:89.64401px;\">Base price<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fc14 sc0 ls0 ws0\" style=\"left:454.59192px; bottom:92.42862px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:477.6211px; bottom:127.084015px;\">Reasonably<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:489.41888px; bottom:117.724px;\">possible<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:485.14008px; bottom:108.36398px;\">change in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:483.75983px; bottom:99.00397px;\">variable<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fc14 sc0 ls0 ws0\" style=\"left:514.8792px; bottom:101.78854px;\">(ii)</div><div class=\"t m0 hda ff66 fs5 fc14 sc0 ls0 ws0\" style=\"left:510.68634px; bottom:89.64401px;\"> %<span class=\"_ _7e\"> </span><span class=\"ff6b fcf\">Base price<span class=\"_ _2b7\"> </span></span><span class=\"ff6b fcf\"> </span></div><div class=\"t m0 hed ff6b fs64 fcf sc0 ls0 ws0\" style=\"left:584.9897px; bottom:92.42862px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"c w1a h12b\" style=\"left:593.4947px; bottom:85.47101px;\"><div class=\"t m0 x1bf hdb y3753 ff6b fs5 fcf sc0 ls0 ws0\">Reasonably  </div><div class=\"t m0 x196 hdb y2d9f ff6b fs5 fcf sc0 ls0 ws0\">possible<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 x1c0 hdb y2e99 ff6b fs5 fcf sc0 ls0 ws0\">change in  </div><div class=\"t m0 x1c0 hdb y3100 ff6b fs5 fcf sc0 ls0 ws0\">variable<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 x1b2 hed y3754 ff6b fs64 fcf sc0 ls0 ws0\">(ii)</div><div class=\"t m0 x4e hdb y3755 ff6b fs5 fcf sc0 ls0 ws0\"> %<span class=\"_ _2b7\"> </span> </div></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:75.578px;\">UK gas (p/therm)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:442.44363px; bottom:75.33099px;\">184<span class=\"_ _5d\"> </span>+/-47<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:572.51605px; bottom:75.097015px;\">105<span class=\"_ _48\"> </span>+/-58<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:60.953003px;\">European gas (p/therm)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:448.0607px; bottom:60.70601px;\">71<span class=\"_ _5d\"> </span>+/-47<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:572.51605px; bottom:60.472015px;\">103<span class=\"_ _48\"> </span>+/-58<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:46.328003px;\">UK power (\u00a3/MWh)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:442.44363px; bottom:46.08101px;\">189<span class=\"_ _5d\"> </span>+/-26<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:572.51605px; bottom:45.847015px;\">115<span class=\"_ _48\"> </span>+/-17<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:31.703003px;\">UK emissions (\u20ac/tonne)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:448.0607px; bottom:31.456009px;\">86<span class=\"_ _10d\"> </span>+/-7<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:578.11505px; bottom:31.222015px;\">82<span class=\"_ _bc\"> </span>+/-7<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:17.078003px;\">UK oil (US$/bbl)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:448.0607px; bottom:16.831009px;\">84<span class=\"_ _5d\"> </span>+/-19<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:578.11505px; bottom:16.597015px;\">71<span class=\"_ _bc\"> </span>+/-7<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.453003px;\">North American gas (US cents/therm)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:448.0607px; bottom:2.206009px;\">44<span class=\"_ _5d\"> </span>+/-25<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:578.11505px; bottom:1.9720154px;\">34<span class=\"_ _48\"> </span>+/-13<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:399.02222px;\">S3.<span class=\"_ _13e\"> </span>Financial risk management<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:345.0852px;\">Incremental profit/(loss)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:572.51605px; bottom:372.6062px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:551.24677px; bottom:363.24628px;\">Impact on<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:561.6269px; bottom:353.88623px;\">profit<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fc12 sc0 ls0 ws0\" style=\"left:583.1019px; bottom:356.6709px;\">(ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:577.09424px; bottom:344.52625px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:372.6062px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:616.25635px; bottom:363.24628px;\">Impact on<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:627.06537px; bottom:353.88623px;\">profit<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hed ff6b fs64 fcf sc0 ls0 ws0\" style=\"left:646.87134px; bottom:356.6709px;\">(ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:344.52625px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:329.97925px;\">UK gas price \u2013 increase/(decrease)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:549.0159px; bottom:329.73224px;\">365/(374)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:597.1495px; bottom:329.97925px;\">1,076/(1,053)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:314.3792px;\">UK power price \u2013 increase/(decrease)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:549.0159px; bottom:314.61322px;\">540/(544)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:613.5628px; bottom:314.3792px;\">201/(225)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:299.7542px;\">European gas price \u2013 (decrease)/increase<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:549.0159px; bottom:299.98822px;\">(171)/171<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:613.5628px; bottom:299.7542px;\">(690)/691<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:285.1292px;\">Other UK energy prices (oil and emissions) \u2013 (decrease)/increase<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:560.12366px; bottom:285.36322px;\">(32)/32<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:623.86304px; bottom:285.1292px;\">(22)/22<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:270.5042px;\">UK and European energy prices (combined) \u2013 increase/(decrease)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:549.0159px; bottom:270.73822px;\">702/(715)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:613.5628px; bottom:270.5042px;\">565/(565)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:241.25421px;\">North American energy prices (combined) \u2013 increase/(decrease)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:560.12366px; bottom:241.48822px;\">60/(60)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:623.86304px; bottom:241.25421px;\">34/(34)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:220.57123px;\">(i)<span class=\"_ _1b7\"> </span>The base price represents the average forward market price over the duration of the active market curve used in the sensitivity analysis provided.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:210.43121px;\">(ii)<span class=\"_ _147\"> </span>The reasonably possible change in variable and the impact on profit are calculated using both the active and inactive market curves for energy prices.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:186.74524px;\">The impact on other comprehensive income of such price changes is immaterial.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h27 ff67 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:169.5852px;\">(iv) Commodity price risk \u2013 proprietary trades<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:156.3252px;\">As at 31 December 2022 the VaR associated with proprietary trading was<span class=\"_ _1\"></span> \u00a35 million (2021: \u00a313 million). This represents the statistical<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:143.06525px;\">downside risk associated with the proprietary trade and associated hedging positions. The changes in the year only relate to changes in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:129.80524px;\">commodity prices. Intra-day trading positions are monitored using a live time risk management system.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:112.6452px;\">The impacts of reasonably possible changes using probability<span class=\"_ _1\"></span>-based high and low price curves applied to level 3 proprietary trades are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:99.38519px;\">as follows:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:56.81018px;\">Incremental profit/(loss)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:572.51605px; bottom:84.33124px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:551.24677px; bottom:74.97119px;\">Impact on<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:562.8763px; bottom:65.611206px;\">profit<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fc12 sc0 ls0 ws0\" style=\"left:584.9897px; bottom:68.39581px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:577.09424px; bottom:56.25122px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:633.68207px; bottom:84.33124px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:616.25635px; bottom:74.97119px;\">Impact on<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:627.06537px; bottom:65.611206px;\">profit<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hed ff6b fs64 fcf sc0 ls0 ws0\" style=\"left:647.9893px; bottom:68.39581px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:56.25122px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:41.210205px;\">Level 3 proprietary trades \u2013 increase/(decrease)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:208.74576px; bottom:44.690918px;\">(ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:549.0159px; bottom:41.210205px;\">891/(877)<span class=\"_ _75\"> </span><span class=\"ff6b\">562/(503)<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:21.996216px;\">(i)<span class=\"_ _1b7\"> </span>The reasonably possible change in variable and the impact on profit are calculated using both the active and inactive market curves for energy prices, see note 7(c) for<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:11.856262px;\">detail on market curves.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:1.7161865px;\">(ii)<span class=\"_ _147\"> </span>The level 3 proprietary financial instruments\u2019 sensitivity has been valued in Secure Environment and excludes associated hedges which would mitigate this impact.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:673.97534px;\">S3.<span class=\"_ _13e\"> </span>Financial risk management<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:648.41736px;\">Credit risk management<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:634.53326px;\">Credit risk is the risk of loss associated with a counterparty\u2019s inability or failure to discharge its obligations under a contract.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:617.37335px;\">The Group continually reviews its rating thresholds for relevant counterparty credit limits and updates these as necessary, based on a<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:604.11334px;\">consistent set of principles. It continues to operate within its limits. In respect of trading activities for both the US and Europe there is an<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:590.85333px;\">effort to maintain a balance between exchange-based trading and bilateral transactions. This allows for a reasonable balance between<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:577.5934px;\">counterparty credit risk and potential liquidity requirements. In addition, the Group actively manages the trade-off between credit and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:564.3333px;\">liquidity risks by optimising the use of contracts with collateral obligations and physically settled contracts without collateral obligations.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:547.17334px;\">The Group is exposed to credit risk in its treasury, trading, energy procurement and downstream activities. The maximum exposure to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:533.9133px;\">credit risk for financial instruments at fair value is equal to their carrying value. Gross amounts are shown by counterparty credit rating in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:520.4973px;\">the table below. Further details of other collateral and credit security not offset against these amounts is shown in note S6.<span class=\"_ _1\"></span><span class=\"ff6d\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:323.83478px; bottom:497.01935px;\">2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:203.48596px; bottom:482.97937px;\">Financial assets at<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:208.74576px; bottom:473.61932px;\">amortised cost<span class=\"_ _165\"> </span>Financial assets at fair value<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:395.61932px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:162.4057px; bottom:451.77936px;\">Receivables<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:174.15419px; bottom:442.4193px;\">including<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:147.69711px; bottom:433.05933px;\">treasury, trading<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:166.31805px; bottom:423.69934px;\">and energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:159.32263px; bottom:414.3393px;\">procurement<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:147.69711px; bottom:404.97937px;\">counterparties<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fc12 sc0 ls0 ws0\" style=\"left:203.48596px; bottom:407.76392px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:196.792px; bottom:395.61932px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:224.7125px; bottom:404.97937px;\">Securities<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fc12 sc0 ls0 ws0\" style=\"left:264.10587px; bottom:407.76392px;\">(ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:258.1454px; bottom:395.61932px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:294.93536px; bottom:423.69934px;\">Cash and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:313.812px; bottom:414.3393px;\">cash<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:287.89496px; bottom:404.97937px;\">equivalents<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:318.73837px; bottom:395.61932px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:362.65237px; bottom:423.69934px;\">Cash and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:380.2414px; bottom:414.3393px;\">cash<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:355.43387px; bottom:404.97937px;\">equivalents<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:385.97736px; bottom:395.61932px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:421.7041px; bottom:442.4193px;\">Derivative<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:427.50458px; bottom:433.05933px;\">financial<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:415.00974px; bottom:423.69934px;\">instruments<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:412.7389px; bottom:414.3393px;\">with positive<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:421.7041px; bottom:404.97937px;\">fair values<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:448.0607px; bottom:395.61932px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:483.75983px; bottom:404.97937px;\">Securities<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:509.61737px; bottom:395.61932px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:380.5783px;\">AAA to AA</div><div class=\"t m0 hf9 ff6f fs1d fcf sc0 ls0 ws0\" style=\"left:142.86136px; bottom:380.92932px;\"> <span class=\"_ _1b9\"> </span>245 <span class=\"_ _9e\"> </span> <span class=\"_ _b8\"> </span>\u2014 <span class=\"_ _1da\"> </span> <span class=\"_ _b9\"> </span>1,046 <span class=\"_ _a9\"> </span> <span class=\"_ _b9\"> </span>2,800 <span class=\"_ _9e\"> </span> <span class=\"_ _50\"> </span>19 <span class=\"_ _1da\"> </span> <span class=\"_ _50\"> </span>95<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:364.97833px;\">AA- to A-</div><div class=\"t m0 hf9 ff6f fs1d fcf sc0 ls0 ws0\" style=\"left:142.86136px; bottom:365.32935px;\"> <span class=\"_ _1b9\"> </span>914 <span class=\"_ _9e\"> </span> <span class=\"_ _b8\"> </span>\u2014 <span class=\"_ _1da\"> </span> <span class=\"_ _146\"> </span>798 <span class=\"_ _a9\"> </span> <span class=\"_ _10c\"> </span>178 <span class=\"_ _9e\"> </span> <span class=\"_ _e4\"> </span>1,271 <span class=\"_ _9e\"> </span> <span class=\"_ _b8\"> </span>\u2014<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:349.3783px;\">BBB+ to BBB-</div><div class=\"t m0 hf9 ff6f fs1d fcf sc0 ls0 ws0\" style=\"left:142.86136px; bottom:349.72937px;\"> <span class=\"_ _104\"> </span>2,727 <span class=\"_ _9e\"> </span> <span class=\"_ _b8\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>20 <span class=\"_ _a9\"> </span> <span class=\"_ _46\"> </span>\u2014 <span class=\"_ _1da\"> </span> <span class=\"_ _b9\"> </span>4,459 <span class=\"_ _9e\"> </span> <span class=\"_ _9a\"> </span>\u2014<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:333.77832px;\">BB+ to BB-</div><div class=\"t m0 hf9 ff6f fs1d fcf sc0 ls0 ws0\" style=\"left:142.86136px; bottom:334.12933px;\"> <span class=\"_ _1b9\"> </span>542 <span class=\"_ _9e\"> </span> <span class=\"_ _b8\"> </span>\u2014 <span class=\"_ _1da\"> </span> <span class=\"_ _b8\"> </span>\u2014 <span class=\"_ _a9\"> </span> <span class=\"_ _b8\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _146\"> </span>724 <span class=\"_ _9e\"> </span> <span class=\"_ _b8\"> </span>\u2014<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:318.17834px;\">B+ or lower</div><div class=\"t m0 hf9 ff6f fs1d fcf sc0 ls0 ws0\" style=\"left:142.86136px; bottom:318.52936px;\"> <span class=\"_ _1b9\"> </span>112 <span class=\"_ _9e\"> </span> <span class=\"_ _b8\"> </span>\u2014 <span class=\"_ _1da\"> </span> <span class=\"_ _b8\"> </span>\u2014 <span class=\"_ _a9\"> </span> <span class=\"_ _b8\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _146\"> </span>235 <span class=\"_ _9e\"> </span> <span class=\"_ _b8\"> </span>\u2014<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:302.5783px;\">Unrated<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:38.6379px; bottom:306.05908px;\">(iii)</div><div class=\"t m0 hf9 ff6f fs1d fcf sc0 ls0 ws0\" style=\"left:142.86136px; bottom:302.92932px;\"> <span class=\"_ _104\"> </span>4,534 <span class=\"_ _9e\"> </span> <span class=\"_ _146\"> </span>403 <span class=\"_ _9e\"> </span> <span class=\"_ _b8\"> </span>\u2014 <span class=\"_ _a9\"> </span> <span class=\"_ _b8\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _146\"> </span>719 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>27 </div><div class=\"t m0 hf9 ff6f fs1d fcf sc0 ls0 ws0\" style=\"left:142.86136px; bottom:287.32935px;\"> <span class=\"_ _104\"> </span>9,074 <span class=\"_ _9e\"> </span> <span class=\"_ _146\"> </span>403 <span class=\"_ _9e\"> </span> <span class=\"_ _e4\"> </span>1,864 <span class=\"_ _11c\"> </span> <span class=\"_ _e4\"> </span>2,978 <span class=\"_ _141\"> </span> <span class=\"_ _e4\"> </span>7,427 <span class=\"_ _9e\"> </span> <span class=\"_ _146\"> </span>122<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h101 ff6d fs5 fcf sc0 ls0 ws0\" style=\"left:321.0247px; bottom:264.70935px;\">2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:203.48596px; bottom:251.25433px;\">Financial assets at<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:210.026px; bottom:241.89432px;\">amortised cost<span class=\"_ _a3\"> </span>Financial assets at fair value<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:163.89432px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:166.31805px; bottom:229.4143px;\">Receivables</div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:174.15419px; bottom:220.05435px;\"> including</div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:175.85667px; bottom:210.69434px;\"> treasury,</div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:166.31805px; bottom:201.33435px;\"> trading and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:184.54497px; bottom:191.97433px;\">energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:163.68738px; bottom:182.61435px;\">procurement<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:158.03316px; bottom:173.25433px;\">counterparties<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:196.792px; bottom:163.89432px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:226.86737px; bottom:173.25433px;\">Securities<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hed ff6b fs64 fcf sc0 ls0 ws0\" style=\"left:264.10587px; bottom:176.03894px;\">(ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:256.88477px; bottom:163.89432px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:276.11502px; bottom:182.61435px;\">Cash and cash<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:289.05417px; bottom:173.25433px;\">equivalents<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:317.33087px; bottom:163.89432px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:343.14496px; bottom:182.61435px;\">Cash and cash<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:355.43387px; bottom:173.25433px;\">equivalents<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:383.7836px; bottom:163.89432px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:421.7041px; bottom:210.69434px;\">Derivative</div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:424.06555px; bottom:201.33435px;\"> financial<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:415.00974px; bottom:191.97433px;\">instruments<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:412.7389px; bottom:182.61435px;\">with positive<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:419.9851px; bottom:173.25433px;\">fair values<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:444.5741px; bottom:163.89432px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:481.4201px; bottom:173.25433px;\">Securities<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:505.5614px; bottom:163.89432px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:148.85333px;\">AAA to AA</div><div class=\"t m0 hee ff6d fs1d fcf sc0 ls0 ws0\" style=\"left:142.86136px; bottom:149.20435px;\"> <span class=\"_ _1b9\"> </span>444 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014 <span class=\"_ _a9\"> </span> <span class=\"_ _4e\"> </span>3,670 <span class=\"_ _9e\"> </span> <span class=\"_ _22\"> </span>52 <span class=\"_ _1da\"> </span> <span class=\"_ _26\"> </span>111<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:133.25333px;\">AA- to A-</div><div class=\"t m0 hee ff6d fs1d fcf sc0 ls0 ws0\" style=\"left:142.86136px; bottom:133.60434px;\"> <span class=\"_ _1b9\"> </span>615 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _4e\"> </span>1,278 <span class=\"_ _a9\"> </span> <span class=\"_ _50\"> </span>\u2014 <span class=\"_ _1da\"> </span> <span class=\"_ _4e\"> </span>2,128 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:117.65332px;\">BBB+ to BBB-</div><div class=\"t m0 hee ff6d fs1d fcf sc0 ls0 ws0\" style=\"left:142.86136px; bottom:118.00433px;\"> <span class=\"_ _104\"> </span>1,249 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _22\"> </span>60 <span class=\"_ _a9\"> </span> <span class=\"_ _50\"> </span>\u2014 <span class=\"_ _1da\"> </span> <span class=\"_ _4e\"> </span>4,453 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:102.053314px;\">BB+ to BB-</div><div class=\"t m0 hee ff6d fs1d fcf sc0 ls0 ws0\" style=\"left:142.86136px; bottom:102.40436px;\"> <span class=\"_ _104\"> </span>1,051 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _50\"> </span>\u2014 <span class=\"_ _a9\"> </span> <span class=\"_ _50\"> </span>\u2014 <span class=\"_ _1da\"> </span> <span class=\"_ _26\"> </span>629 <span class=\"_ _1da\"> </span> <span class=\"_ _50\"> </span>\u2014<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:86.45331px;\">B+ or lower</div><div class=\"t m0 hee ff6d fs1d fcf sc0 ls0 ws0\" style=\"left:142.86136px; bottom:86.80435px;\"> <span class=\"_ _e8\"> </span>17 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014 <span class=\"_ _a9\"> </span> <span class=\"_ _50\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _2c\"> </span>128 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:70.85333px;\">Unrated<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:38.6379px; bottom:74.334076px;\">(iii)</div><div class=\"t m0 hee ff6d fs1d fcf sc0 ls0 ws0\" style=\"left:142.86136px; bottom:71.204346px;\"> <span class=\"_ _104\"> </span>3,081 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _22\"> </span>52 <span class=\"_ _a9\"> </span> <span class=\"_ _50\"> </span>\u2014 <span class=\"_ _1da\"> </span> <span class=\"_ _26\"> </span>160 <span class=\"_ _1da\"> </span> <span class=\"_ _22\"> </span>24 </div><div class=\"t m0 hee ff6d fs1d fcf sc0 ls0 ws0\" style=\"left:142.86136px; bottom:55.60434px;\"> <span class=\"_ _104\"> </span>6,457 <span class=\"_ _9e\"> </span> <span class=\"_ _140\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _4e\"> </span>1,390 <span class=\"_ _a9\"> </span> <span class=\"_ _4e\"> </span>3,670 <span class=\"_ _9e\"> </span> <span class=\"_ _14d\"> </span>7,550 <span class=\"_ _141\"> </span> <span class=\"_ _2c\"> </span>135<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:36.039368px;\">(i)<span class=\"_ _1b7\"> </span>The Group holds a provision of \u00a3872 million (2021: \u00a3633 million) against receivables. The significant majority of this provision is held against amount<span class=\"_ _b\"></span>s due from unrated<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:25.899292px;\">counterparties. Further analysis of past due trade receivables may be found at note <span class=\"_ _1\"></span>17.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:13.809326px;\">(ii)<span class=\"_ _147\"> </span>Securities held at amortised cost consist of loans to the pension schemes \u2013 see note 22.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:1.7193298px;\">(iii)<span class=\"_ _141\"> </span>The unrated counterparty receivables primarily comprise amounts due from downstream customers, subsidiaries of rated entities, exchanges or clearing houses.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:497.09485px;\">S3.<span class=\"_ _13e\"> </span>Financial risk management<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:476.3728px;\">Details of how credit risk is managed across the asset categories are provided below:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:459.2129px;\">(a) Treasury, trading and energy procurement activities<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:445.95282px;\">Wholesale counterparty credit exposures are monitored by individual counterparty and by category of credit rating, and are subject to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:432.69287px;\">approved limits. The Group uses master netting agreements to reduce credit risk and net settles payments with counterparties where net<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:419.43286px;\">settlement provisions exist (see note S6. for details of amounts offset). In add<span class=\"_ _b\"></span>ition, the Group employs a variety of other methods to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:406.17285px;\">mitigate credit risk: margining, various forms of bank and parent company guarantees and letters of credit.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:389.01288px;\">The vast majority of group credit risk associated with its treasury, trading and energy procurement activities is with counterparties in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:375.7528px;\">related energy industries or financial institutions together with smaller exposures to commodity traders and small independent renewable<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:362.49286px;\">producers. The impairment considerations of IFRS 9 are applicable to financial assets arising from treasury, trading and energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:349.23285px;\">procurement activities that are carried at amortised cost and debt instruments that are carried at fair value through other comprehensive<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:335.97284px;\">income (FVOCI). Debt instruments measured at FVOCI are not material for further disclosure.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:318.81287px;\">Included in the table above within receivables including treasury, trading and energy procurement counterparties is \u00a34,525 million (<span class=\"_ _1\"></span>2021:<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:305.5528px;\">\u00a33,643 million) of treasury, trading and energy procurement assets. The Group\u2019s risk assessment procedures and counterparty selection<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:292.29285px;\">process ensure that the credit risk on this type of financial asset is always low at initial recognition.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:275.1328px;\">Included within the table above is information about the exposure to credit risk arising from only certain of the Group\u2019s energy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:261.8728px;\">procurement contracts \u2013 those in the scope of IFRS 9. Whilst the Group manages the credit risk associated with both financial and non-<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:248.61285px;\">financial energy procurement contracts, it is the carrying value of financial assets within the scope of IFRS 9 (note <span class=\"_ _1\"></span>S6.) that represents the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:235.35284px;\">maximum exposure to credit risk in accordance with IFRS 7.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:218.19287px;\">(b) Trade receivables and contract assets<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:204.93286px;\">The simplified approach of measuring lifetime expected credit losses has been applied to trade receivables and contract asset balances,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:191.67285px;\">which are the focus of this disclosure. Therefore, consideration of the significance of any change in credit risk since initial recognition for<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:178.41284px;\">the purpose of applying this model is not required for any material component of the receivables balance.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:161.25287px;\">In the case of business customers, credit risk is managed by checking a company\u2019s creditworthiness and financial strength both before<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:147.99286px;\">commencing trade and during the business relationship. For residential customers, creditworthiness is ascertained normally before<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:134.73285px;\">commencing trade to determine the payment mechanism required to reduce credit risk to an acceptable level. Certain customers will only<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:121.47284px;\">be accepted on a prepayment basis or with a security deposit. In some cases, an ageing of receivables is monitored and used to manage<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:108.21283px;\">the exposure to credit risk associated with both business and residential customers. In other cases, credit risk is monitored and managed<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:94.95285px;\">by grouping customers according to method of payment or profile.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:69.056854px;\">Liquidity risk management and going concern<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:55.17282px;\">Liquidity risk is the risk that the Group is unable to meet its financial obligations as they fall due. The Group experiences significant<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:41.91284px;\">movements in its liquidity position due primarily to the seasonal nature of its business and margin cash arrangements associated with<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:28.652832px;\">certain wholesale commodity contracts. To mitigate this risk the Group maintains significant committed facilities and holds cash on deposit<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:15.392853px;\">to ensure that there is sufficient liquidity headroom at all points in the seasonal trading cycle of the business. See note <span class=\"_ _1\"></span>24 for further<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.132843px;\">information.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:558.67847px;\">S3.<span class=\"_ _13e\"> </span>Financial risk management<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:537.0205px;\">Maturity profiles<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:523.1364px;\">Maturities of derivative financial instruments, provisions, borrowings and leases are provided in the following tables (all amounts are<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:509.87646px;\">remaining contractual undiscounted cash flows):<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:472.59247px;\">Due for payment 2022<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:331.6778px; bottom:491.31244px;\">&lt;1<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:323.83478px; bottom:481.9525px;\">year<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:327.54822px; bottom:472.59247px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:381.34665px; bottom:491.31244px;\">1 to 2<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:381.34665px; bottom:481.9525px;\">years<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:390.52048px; bottom:472.59247px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:444.5741px; bottom:491.31244px;\">2 to 3<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:444.5741px; bottom:481.9525px;\">years<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:453.15942px; bottom:472.59247px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:505.5614px; bottom:491.31244px;\">3 to 4<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:507.13647px; bottom:481.9525px;\">years<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:514.8792px; bottom:472.59247px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:568.1972px; bottom:491.31244px;\">4 to 5<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:568.1972px; bottom:481.9525px;\">years<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:577.09424px; bottom:472.59247px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:643.43933px; bottom:491.31244px;\">&gt;5<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:632.38715px; bottom:481.9525px;\">years<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:639.75323px; bottom:472.59247px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:457.55145px;\">Energy and interest derivatives in a loss position that will be<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:445.85144px;\">settled on a net basis<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:95.65239px; bottom:449.3322px;\">(i)</div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:284.20154px; bottom:445.85144px;\"> <span class=\"_ _7e\"> </span>(1,159) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(146) <span class=\"_ _8f\"> </span> <span class=\"_ _22\"> </span>(47) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(28) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(18) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(80)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:430.25146px;\">Gross energy procurement contracts and other derivative buy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:418.55145px;\">trades carried at fair value<span class=\"_ _87\"> </span><span class=\"ff66\"> <span class=\"_ _18\"> </span>(10,490) <span class=\"_ _106\"> </span> <span class=\"_ _7e\"> </span>(8,525) <span class=\"_ _106\"> </span> <span class=\"_ _7e\"> </span>(4,580) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(67) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(47) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(116)<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:402.95148px;\">Foreign exchange derivatives that will be settled on a gross<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:391.25146px;\">basis:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:375.6515px;\">Outflow<span class=\"_ _230\"> </span><span class=\"ff66\"> <span class=\"_ _4e\"> </span>(7,748) <span class=\"_ _8f\"> </span> <span class=\"_ _7e\"> </span>(1,244) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(73) <span class=\"_ _106\"> </span> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _55\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>\u2014<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:360.05145px;\">Inflow<span class=\"_ _23d\"> </span><span class=\"ff66\"> <span class=\"_ _1f1\"> </span>8,027 <span class=\"_ _141\"> </span> <span class=\"_ _1f1\"> </span>1,207 <span class=\"_ _141\"> </span> <span class=\"_ _104\"> </span>239 <span class=\"_ _141\"> </span> <span class=\"_ _9a\"> </span>20 <span class=\"_ _141\"> </span> <span class=\"_ _2e\"> </span>1 <span class=\"_ _141\"> </span> <span class=\"_ _55\"> </span>\u2014<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:344.45148px;\">Borrowings (bank loans, bonds, overdrafts and interest)<span class=\"_ _55\"> </span><span class=\"ff66\"> <span class=\"_ _7e\"> </span>(1,016) <span class=\"_ _8f\"> </span> <span class=\"_ _30\"> </span>(157) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(595) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(185) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(186) <span class=\"_ _106\"> </span> <span class=\"_ _7e\"> </span>(3,575)</span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff66 fs1d fcf sc0 ls0 ws0\" style=\"left:284.20154px; bottom:328.85144px;\"> <span class=\"_ _7a\"> </span>(12,386) <span class=\"_ _8f\"> </span> <span class=\"_ _4e\"> </span>(8,865) <span class=\"_ _8f\"> </span> <span class=\"_ _7e\"> </span>(5,056) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(260) <span class=\"_ _106\"> </span> <span class=\"_ _30\"> </span>(250) <span class=\"_ _106\"> </span> <span class=\"_ _7e\"> </span>(3,771)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:313.25146px;\">Leases:<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:35.336166px; bottom:316.73224px;\">(ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:297.6515px;\">Minimum lease payments<span class=\"_ _39\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>(89) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(79) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(70) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(55) <span class=\"_ _106\"> </span> <span class=\"_ _22\"> </span>(26) <span class=\"_ _8f\"> </span> <span class=\"_ _22\"> </span>(29)<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:282.05145px;\">Capital elements of leases<span class=\"_ _23e\"> </span><span class=\"ff66\"> <span class=\"_ _48\"> </span>(88) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(69) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(67) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(51) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(24) <span class=\"_ _106\"> </span> <span class=\"_ _48\"> </span>(26)<span class=\"_ _2b7\"> </span></span><span class=\"ff66\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:233.69147px;\">Due for payment 2021<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:331.6778px; bottom:252.41144px;\">&lt;1<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:324.87436px; bottom:243.05145px;\">year<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:328.72263px; bottom:233.69147px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:381.34665px; bottom:252.41144px;\">1 to 2<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:382.57175px; bottom:243.05145px;\">years<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:390.52048px; bottom:233.69147px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:444.5741px; bottom:252.41144px;\">2 to 3<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:445.67038px; bottom:243.05145px;\">years<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:453.15942px; bottom:233.69147px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:507.13647px; bottom:252.41144px;\">3 to 4<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:508.53656px; bottom:243.05145px;\">years<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:516.4714px; bottom:233.69147px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:569.589px; bottom:252.41144px;\">4 to 5<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:569.589px; bottom:243.05145px;\">years<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:578.11505px; bottom:233.69147px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:643.43933px; bottom:252.41144px;\">&gt;5<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:632.38715px; bottom:243.05145px;\">years<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:233.69147px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:218.65045px;\">Energy and interest derivatives in a loss position that will be<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:206.95044px;\">settled on a net basis<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:95.65239px; bottom:210.43121px;\">(i)</div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:284.20154px; bottom:206.95044px;\"> <span class=\"_ _2c\"> </span>(807) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(77) <span class=\"_ _8f\"> </span> <span class=\"_ _31\"> </span>(22) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(13) <span class=\"_ _106\"> </span> <span class=\"_ _23\"> </span>(8) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(13)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:191.35046px;\">Gross energy procurement contracts and other derivative buy<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:179.65045px;\">trades carried at fair value<span class=\"_ _87\"> </span> <span class=\"_ _14d\"> </span>(6,118) <span class=\"_ _8f\"> </span> <span class=\"_ _14d\"> </span>(5,063) <span class=\"_ _8f\"> </span> <span class=\"_ _14d\"> </span>(3,342) <span class=\"_ _8f\"> </span> <span class=\"_ _14d\"> </span>(1,821) <span class=\"_ _8f\"> </span> <span class=\"_ _31\"> </span>(42) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(122)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:164.05048px;\">Foreign exchange derivatives that will be settled on a gross<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:152.35046px;\">basis:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:136.75046px;\">Outflow<span class=\"_ _230\"> </span> <span class=\"_ _14d\"> </span>(4,068) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(985) <span class=\"_ _8f\"> </span> <span class=\"_ _10c\"> </span>(130) <span class=\"_ _8f\"> </span> <span class=\"_ _31\"> </span>(22) <span class=\"_ _106\"> </span> <span class=\"_ _23\"> </span>(3) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(54)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:121.15045px;\">Inflow<span class=\"_ _23d\"> </span> <span class=\"_ _81\"> </span>4,500 <span class=\"_ _8a\"> </span> <span class=\"_ _104\"> </span>990 <span class=\"_ _8a\"> </span> <span class=\"_ _104\"> </span>130 <span class=\"_ _141\"> </span> <span class=\"_ _2a\"> </span>22 <span class=\"_ _8a\"> </span> <span class=\"_ _2e\"> </span>1 <span class=\"_ _8a\"> </span> <span class=\"_ _2a\"> </span>96<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:105.550446px;\">Borrowings (bank loans, bonds, overdrafts and interest)<span class=\"_ _55\"> </span> <span class=\"_ _4e\"> </span>(1,141) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(385) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(154) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(592) <span class=\"_ _106\"> </span> <span class=\"_ _2c\"> </span>(182) <span class=\"_ _106\"> </span> <span class=\"_ _4e\"> </span>(3,673) </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:284.20154px; bottom:89.95047px;\"> <span class=\"_ _14d\"> </span>(7,634) <span class=\"_ _8f\"> </span> <span class=\"_ _14d\"> </span>(5,520) <span class=\"_ _8f\"> </span> <span class=\"_ _14d\"> </span>(3,518) <span class=\"_ _8f\"> </span> <span class=\"_ _14d\"> </span>(2,426) <span class=\"_ _8f\"> </span> <span class=\"_ _2c\"> </span>(234) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>(3,766)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:74.350464px;\">Leases:<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:35.336166px; bottom:77.83121px;\">(ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:58.750458px;\">Minimum lease payments<span class=\"_ _39\"> </span> <span class=\"_ _2c\"> </span>(103) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(68) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(59) <span class=\"_ _8f\"> </span> <span class=\"_ _31\"> </span>(55) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(47) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(48)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:12.232567px; bottom:43.15045px;\">Capital elements of leases<span class=\"_ _23e\"> </span> <span class=\"_ _2c\"> </span>(102) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(66) <span class=\"_ _8f\"> </span> <span class=\"_ _31\"> </span>(56) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(52) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(46) <span class=\"_ _106\"> </span> <span class=\"_ _31\"> </span>(42)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:23.936493px;\">(i)<span class=\"_ _1b7\"> </span>Proprietary energy trades are excluded from this maturity analysis as the Group does not take physical delivery of volumes traded under these contracts. The associated<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:13.763962px; bottom:13.796417px;\">cash flows are expected to be equal to the contract fair value at the balance sheet date. See note <span class=\"_ _1\"></span>19 for further details.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:1.7064514px;\">(ii)<span class=\"_ _147\"> </span>The difference between the total minimum lease payments and the total capital elements of leases is due to future finance charges.<span class=\"_ _2b7\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-544": {
   "value": "Market risk management Market risk is the risk of loss that results from changes in market prices (commodity prices, foreign exchange rates and interest rates). The  level of market risk to which the Group is exposed at a point in time varies depending on market conditions, expectations of future price or  market rate movements and the composition of the Group\u2019s physical asset and contract portfolios. (a) Commodity price risk management The Group is exposed to commodity price risk in its energy procurement and supply activities, production, generation and trading  operations and uses specific limits to manage the exposure to commodity prices associated with the Group\u2019s activities to an acceptable  level. The Group uses Profit at Risk (PaR) limits to control exposures to market prices. These are complemented by other limits including  Value at Risk (VaR), volumetric or stop-loss limits to control risk around trading activities. (i) Energy price exposed business activities The Group\u2019s price exposed business activities consist of equity gas and liquids production, equity power generation, bilateral procurement  and sales contracts, market-traded purchase and sales contracts and derivative positions primarily transacted with the intent of securing  gas and power for the Group\u2019s supply customers, from a variety of sources at an optimal cost. The Group actively manages commodity  price risk by optimising its asset and contract portfolios and making use of volume flexibility. The Group\u2019s commodity price risk exposure within its business activities is driven by the cost of procuring gas and electricity to serve its  supply customers and selling gas and electricity from its upstream production and generation, which varies with wholesale commodity  prices. The primary risk is that market prices for commodities will fluctuate between the time that sales prices are fixed or tariffs are set  and the time at which the corresponding procurement cost is fixed, thereby potentially reducing expected margins or making sales  unprofitable. The Group\u2019s supply activities are also exposed to volumetric risk in the form of an uncertain consumption profile arising from a range of  factors, including the weather, energy consumption changes, customer attrition and the economic climate. There is also risk associated  with ensuring that there is sufficient commodity available to secure supply to customers. The Group\u2019s production and generation activities  are also exposed to volumetric risk in the form of uncertain production profiles. In order to manage the exposure to market prices associated with the Group\u2019s business operations the Group uses a specific set of  risk limits (including VaR and PaR) established by the Board, and sub-delegated downwards through the delegation lines to the  commercial leaders.  PaR measures the estimated potential loss in a position or portfolio of positions associated with the movement of a commodity price for  a given confidence level, over the remaining term of the position or contract. VaR measures the estimated potential loss for a given  confidence level over a predetermined holding period. The standard confidence level used is 95%. In addition, regular stress and scenario  tests are performed to evaluate the impact on the portfolio of possible substantial movements in commodity prices. The Group measures and manages the commodity price risk associated with the Group\u2019s entire energy price exposed business portfolio.  Only certain of the Group\u2019s energy contracts constitute financial instruments under IFRS 9 (see note S6.). As a result, while the Group manages the commodity price risk associated with both financial and non-financial energy procurement and  sales contracts, it is the notional value of energy contracts being carried at fair value that represents the exposure of the Group\u2019s energy  price exposed business activities to commodity price risk according to IFRS 7 \u2018Financial Instruments: Disclosures\u2019. This is because energy  contracts that are financial instruments under IFRS 9 are accounted for on a fair value basis and changes in fair value immediately impact  profit. Conversely, energy contracts that are not financial instruments under IFRS 9 are accounted for as executory contracts and changes  in fair value do not immediately impact profit and, as such, are not exposed to commodity price risk as defined by IFRS 7. So, whilst the  PaR or VaR associated with energy procurement and supply contracts that are outside the scope of IFRS 9 are monitored for internal risk  management purposes, only those energy contracts within the scope of IFRS 9 are within the scope of the IFRS 7 disclosure  requirements. (ii) Proprietary energy trading The Group\u2019s proprietary energy trading activities consist of physical and financial commodity purchases and sales contracts taken on with  the intent of benefitting from changes in market prices or differences between buying and selling prices. The Group conducts its trading  activities in the over-the-counter market and through exchanges in the UK and continental Europe. The Group is exposed to commodity  price risk as a result of its proprietary energy trading activities because the value of its trading assets and liabilities will fluctuate with  changes in market prices for commodities. The Group sets volumetric and VaR limits to manage the commodity price risk exposure associated with the Group\u2019s proprietary energy  trading activities. VaR measures the estimated potential loss at a 95% confidence level over a one-day holding period. The carrying value  of energy contracts used in proprietary energy trading activities at 31 December 2022 is disclosed in note 19. As with any modelled risk measure, there are certain limitations that arise from the assumptions used in the VaR calculation. VaR assumes  that historical price behaviours will continue in the future and that the Group\u2019s trading positions can be unwound or hedged within the  predetermined holding period. Furthermore, the use of a 95% confidence level, by definition, does not take into account changes in value  that might occur beyond this confidence level. (b) Currency risk management The Group is exposed to currency risk on foreign currency denominated forecast transactions, firm commitments, monetary assets and  liabilities (transactional exposure) and on its net investments in foreign operations (translational exposure). IFRS 7 only requires disclosure  of currency risk arising on financial instruments denominated in a currency other than the functional currency of the commercial operation  transacting. As a result, for the purposes of IFRS 7, currency risk excludes items that are not financial instruments, such as the Group\u2019s  net investments in international operations as well as foreign currency denominated forecast transactions and firm commitments. (i) Transactional currency risk The Group is exposed to transactional currency risk on transactions denominated in currencies other than the underlying functional  currency of the commercial operation transacting. The primary functional currencies remain pounds sterling in the UK, Danish krone in  Denmark, Euros in the Netherlands and the Republic of Ireland and US Dollars in the Group\u2019s LNG business. The risk is that the functional  currency value of cash flows will vary as a result of movements in exchange rates. Transactional exposure arises from the Group\u2019s energy  procurement, production and generation activities, where many transactions are denominated in foreign currencies. In addition, in order to  optimise the cost of funding, the Group has, in certain cases, issued foreign currency denominated debt or entered into foreign currency  loans, primarily in US dollars, Euros and Japanese yen. It is the Group\u2019s policy to hedge material transactional exposures using derivatives (either applying formal hedge accounting or economic  hedge relationships) to fix the functional currency value of non-functional currency cash flows, except where there is an economic hedge  inherent in the transaction. At 31 December 2022, there were no material unhedged non-functional currency monetary assets or liabilities,  firm commitments or probable forecast transactions (2021: \u00a3nil), other than transactions which have an inherent economic hedge and  foreign currency borrowings used to hedge translational exposures. (ii) Translational currency risk The Group is exposed to translational currency risk as a result of its net investments in Europe. The risk is that the pounds sterling value of  the net assets of foreign operations will decrease with changes in foreign exchange rates. The Group\u2019s policy is to protect the pounds  sterling book value of its net investments in foreign operations where appropriate, subject to certain parameters, by holding foreign  currency debt, entering into foreign currency derivatives, or a mixture of both. The Group manages translational currency risk taking into consideration the cash impact of any hedging activity as well as the risk to the  net asset carrying values in the Group\u2019s Financial Statements. The translation hedging programme including the potential cash impact is  managed by the Group Treasury function and monitored by the Chief Financial Officer. (c) Interest rate risk management In the normal course of business the Group borrows to finance its operations. The Group is exposed to interest rate risk because the fair  value of fixed-rate borrowings and the cash flows associated with floating rate borrowings will fluctuate with changes in interest rates. The  Group\u2019s policy is to manage the interest rate risk on long-term borrowings by ensuring the exposure to floating interest rates remains  within a 30% to 70% range, including the impact of interest rate derivatives. The return generated on the Group\u2019s cash balance is also exposed to movements in short-term interest rates. The Group manages cash  balances to protect against adverse changes in rates whilst retaining liquidity. (d) Sensitivity analysis IFRS 7 requires disclosure of a sensitivity analysis that is intended to illustrate the sensitivity of the Group\u2019s financial position and  performance to changes in market variables (commodity prices, foreign exchange rates and interest rates) as a result of changes in the fair  value or cash flows associated with the Group\u2019s financial instruments. The sensitivity analysis provided discloses the effect on profit or loss  and equity at 31 December 2022, assuming that a reasonably possible change in the relevant risk variable had occurred at 31 December  2022, and has been applied to the risk exposures in existence at that date to show the effects of reasonably possible changes in price on  profit or loss and equity. Reasonably possible changes in market variables used in the sensitivity analysis are based on implied volatilities,  where available, or historical data for energy prices and foreign exchange rates. Reasonably possible changes in interest rates are based  on management judgement and historical experience. The sensitivity analysis has been prepared based on 31 December 2022 balances and on the basis that the balances, the ratio of fixed to  floating rates of debt and derivatives, the proportion of energy contracts that are financial instruments, the proportion of financial  instruments in foreign currencies and the hedge designations in place at 31 December 2022 are all constant. Excluded from this analysis  are all non-financial assets and liabilities and energy contracts that are not financial instruments under IFRS 9. The sensitivity to foreign  exchange rates relates only to monetary assets and liabilities denominated in a currency other than the functional currency of the  commercial operation transacting, and excludes the translation of the net assets of foreign operations to pounds sterling. The sensitivity analysis provided is hypothetical only and should be used with caution as the impacts provided are not necessarily  indicative of the actual impacts that would be experienced. This is because the Group\u2019s actual exposure to market rates is changing  constantly as the Group\u2019s portfolio of commodity, debt and foreign currency contracts changes. Changes in fair values or cash flows  based on a variation in a market variable cannot be extrapolated because the relationship between the change in market variable and the  change in fair value or cash flows may not be linear. In addition, the effect of a change in a particular market variable on fair values or cash  flows is calculated without considering interrelationships between the various market rates or mitigating actions that would be taken by the  Group.  (i) Transactional currency risk The Group has performed an analysis of the sensitivity of the Group\u2019s financial position and performance to changes in foreign exchange  rates. The Group deems 10% movements to US dollar and euro currency rates relative to pounds sterling to be reasonably possible. The material impact of such movements on profit and equity, both before and after taxation, are as follows: Incremental profit/(loss) 2022 Impact on  profit \u00a3m 2021 Impact  on profit \u00a3m US dollar \u2013 increase/(decrease) 139/(180) 86/(117) Euro \u2013 increase/(decrease) 36/(38) 111/(113) All other currency sensitivities are not material.  (ii) Interest rate risk The Group has performed an analysis of the sensitivity of the Group\u2019s financial position and performance to changes in interest rates. The  Group deems a one percentage point move in UK, US and euro interest rates to be reasonably possible. The impact of such movements  on profit and equity, both after taxation, is immaterial. (iii) Commodity price risk \u2013 non proprietary The impacts of reasonably possible changes in commodity prices on profit and equity, both after taxation, based on the assumptions set  out above are as follows: 2022 2021 Energy prices Base price  (i) Reasonably  possible change in  variable  (ii) % Base price  (i) Reasonably  possible  change in  variable  (ii) %  UK gas (p/therm) 184 +/-47 105 +/-58 European gas (p/therm) 71 +/-47 103 +/-58 UK power (\u00a3/MWh) 189 +/-26 115 +/-17 UK emissions (\u20ac/tonne) 86 +/-7 82 +/-7 UK oil (US$/bbl) 84 +/-19 71 +/-7 North American gas (US cents/therm) 44 +/-25 34 +/-13 Incremental profit/(loss) 2022 Impact on  profit  (ii) \u00a3m 2021 Impact on  profit  (ii) \u00a3m UK gas price \u2013 increase/(decrease) 365/(374) 1,076/(1,053) UK power price \u2013 increase/(decrease) 540/(544) 201/(225) European gas price \u2013 (decrease)/increase (171)/171 (690)/691 Other UK energy prices (oil and emissions) \u2013 (decrease)/increase (32)/32 (22)/22 UK and European energy prices (combined) \u2013 increase/(decrease) 702/(715) 565/(565) North American energy prices (combined) \u2013 increase/(decrease) 60/(60) 34/(34) (i) The base price represents the average forward market price over the duration of the active market curve used in the sensitivity analysis provided. (ii) The reasonably possible change in variable and the impact on profit are calculated using both the active and inactive market curves for energy prices. The impact on other comprehensive income of such price changes is immaterial. (iv) Commodity price risk \u2013 proprietary trades As at 31 December 2022 the VaR associated with proprietary trading was \u00a35 million (2021: \u00a313 million). This represents the statistical  downside risk associated with the proprietary trade and associated hedging positions. The changes in the year only relate to changes in  commodity prices. Intra-day trading positions are monitored using a live time risk management system. The impacts of reasonably possible changes using probability-based high and low price curves applied to level 3 proprietary trades are  as follows: Incremental profit/(loss) 2022 Impact on  profit  (i) \u00a3m 2021 Impact on  profit  (i) \u00a3m Level 3 proprietary trades \u2013 increase/(decrease)  (ii) 891/(877) 562/(503) (i) The reasonably possible change in variable and the impact on profit are calculated using both the active and inactive market curves for energy prices, see note 7(c) for  detail on market curves. (ii) The level 3 proprietary financial instruments\u2019 sensitivity has been valued in Secure Environment and excludes associated hedges which would mitigate this impact. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-545": {
   "value": "Credit risk management Credit risk is the risk of loss associated with a counterparty\u2019s inability or failure to discharge its obligations under a contract.  The Group continually reviews its rating thresholds for relevant counterparty credit limits and updates these as necessary, based on a  consistent set of principles. It continues to operate within its limits. In respect of trading activities for both the US and Europe there is an  effort to maintain a balance between exchange-based trading and bilateral transactions. This allows for a reasonable balance between  counterparty credit risk and potential liquidity requirements. In addition, the Group actively manages the trade-off between credit and  liquidity risks by optimising the use of contracts with collateral obligations and physically settled contracts without collateral obligations.  The Group is exposed to credit risk in its treasury, trading, energy procurement and downstream activities. The maximum exposure to  credit risk for financial instruments at fair value is equal to their carrying value. Gross amounts are shown by counterparty credit rating in  the table below. Further details of other collateral and credit security not offset against these amounts is shown in note S6. 2022 Financial assets at  amortised cost Financial assets at fair value 31 December  Receivables  including  treasury, trading  and energy  procurement  counterparties  (i) \u00a3m Securities  (ii) \u00a3m Cash and  cash  equivalents \u00a3m Cash and  cash  equivalents \u00a3m Derivative  financial  instruments  with positive  fair values \u00a3m Securities \u00a3m AAA to AA  245    \u2014    1,046    2,800    19    95  AA- to A-  914    \u2014    798    178    1,271    \u2014  BBB+ to BBB-  2,727    \u2014    20    \u2014    4,459    \u2014  BB+ to BB-  542    \u2014    \u2014    \u2014    724    \u2014  B+ or lower  112    \u2014    \u2014    \u2014    235    \u2014  Unrated  (iii)  4,534    403    \u2014    \u2014    719    27   9,074    403    1,864    2,978    7,427    122  2021 Financial assets at  amortised cost Financial assets at fair value 31 December  Receivables including treasury, trading and  energy  procurement  counterparties \u00a3m Securities  (ii) \u00a3m Cash and cash  equivalents \u00a3m Cash and cash  equivalents \u00a3m Derivative financial  instruments  with positive  fair values \u00a3m Securities \u00a3m AAA to AA  444    \u2014    \u2014    3,670    52    111  AA- to A-  615    \u2014    1,278    \u2014    2,128    \u2014  BBB+ to BBB-  1,249    \u2014    60    \u2014    4,453    \u2014  BB+ to BB-  1,051    \u2014    \u2014    \u2014    629    \u2014  B+ or lower  17    \u2014    \u2014    \u2014    128    \u2014  Unrated  (iii)  3,081    \u2014    52    \u2014    160    24   6,457    \u2014    1,390    3,670    7,550    135  (i) The Group holds a provision of \u00a3872 million (2021: \u00a3633 million) against receivables. The significant majority of this provision is held against amounts due from unrated  counterparties. Further analysis of past due trade receivables may be found at note 17.  (ii) Securities held at amortised cost consist of loans to the pension schemes \u2013 see note 22. (iii) The unrated counterparty receivables primarily comprise amounts due from downstream customers, subsidiaries of rated entities, exchanges or clearing houses. Details of how credit risk is managed across the asset categories are provided below: (a) Treasury, trading and energy procurement activities Wholesale counterparty credit exposures are monitored by individual counterparty and by category of credit rating, and are subject to  approved limits. The Group uses master netting agreements to reduce credit risk and net settles payments with counterparties where net  settlement provisions exist (see note S6. for details of amounts offset). In addition, the Group employs a variety of other methods to  mitigate credit risk: margining, various forms of bank and parent company guarantees and letters of credit.  The vast majority of group credit risk associated with its treasury, trading and energy procurement activities is with counterparties in  related energy industries or financial institutions together with smaller exposures to commodity traders and small independent renewable  producers. The impairment considerations of IFRS 9 are applicable to financial assets arising from treasury, trading and energy  procurement activities that are carried at amortised cost and debt instruments that are carried at fair value through other comprehensive  income (FVOCI). Debt instruments measured at FVOCI are not material for further disclosure.  Included in the table above within receivables including treasury, trading and energy procurement counterparties is \u00a34,525 million (2021:  \u00a33,643 million) of treasury, trading and energy procurement assets. The Group\u2019s risk assessment procedures and counterparty selection  process ensure that the credit risk on this type of financial asset is always low at initial recognition. Included within the table above is information about the exposure to credit risk arising from only certain of the Group\u2019s energy  procurement contracts \u2013 those in the scope of IFRS 9. Whilst the Group manages the credit risk associated with both financial and non- financial energy procurement contracts, it is the carrying value of financial assets within the scope of IFRS 9 (note S6.) that represents the  maximum exposure to credit risk in accordance with IFRS 7. (b) Trade receivables and contract assets  The simplified approach of measuring lifetime expected credit losses has been applied to trade receivables and contract asset balances,  which are the focus of this disclosure. Therefore, consideration of the significance of any change in credit risk since initial recognition for  the purpose of applying this model is not required for any material component of the receivables balance.  In the case of business customers, credit risk is managed by checking a company\u2019s creditworthiness and financial strength both before  commencing trade and during the business relationship. For residential customers, creditworthiness is ascertained normally before  commencing trade to determine the payment mechanism required to reduce credit risk to an acceptable level. Certain customers will only  be accepted on a prepayment basis or with a security deposit. In some cases, an ageing of receivables is monitored and used to manage  the exposure to credit risk associated with both business and residential customers. In other cases, credit risk is monitored and managed  by grouping customers according to method of payment or profile. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-513": {
   "value": "S4. Other equity  This section summarises the Group\u2019s other equity reserve movements. Cash flow  hedging  reserve \u00a3m Foreign  currency  translation  reserve \u00a3m Actuarial  gains and  losses  reserve \u00a3m Financial  asset at  FVOCI  reserve \u00a3m Treasury  and own  shares  reserve \u00a3m Share based  payments  reserve \u00a3m Merger,  capital  redemption  and other  reserves \u00a3m Total \u00a3m 1 January 2021   16    (198)    (1,308)    \u2014    (31)    79    527    (915)  Actuarial gain   \u2014    \u2014    218    \u2014    \u2014    \u2014    \u2014    218  Employee share schemes: Exercise of awards   \u2014    \u2014    \u2014    \u2014    13    (49)    \u2014    (36)  Value of services provided   \u2014    \u2014    \u2014    \u2014    \u2014    12    \u2014    12  Impact of cash flow and net investment hedging   (7)    (49)    \u2014    \u2014    \u2014    \u2014    \u2014    (56)  Taxation on above items   1    9    (74)    \u2014    \u2014    \u2014    \u2014    (64)  Share of other comprehensive income  of joint ventures and associates, net of taxation   \u2014    \u2014    152    \u2014    \u2014    \u2014    \u2014    152  Exchange differences on translation of foreign  operations   \u2014    (46)    \u2014    \u2014    \u2014    \u2014    \u2014    (46)  Exchange differences reclassified to Group Income  Statement on disposal   \u2014    (20)    \u2014    \u2014    \u2014    \u2014    \u2014    (20)  Revaluation of FVOCI securities   \u2014    \u2014    \u2014    3    \u2014    \u2014    \u2014    3  31 December 2021   10    (304)    (1,012)    3    (18)    42    527    (752)  Actuarial loss   \u2014    \u2014    (147)    \u2014    \u2014    \u2014    \u2014    (147)  Employee share schemes: Exercise of awards   \u2014    \u2014    \u2014    \u2014    10    (22)    \u2014    (12)  Value of services provided   \u2014    \u2014    \u2014    \u2014    \u2014    10    \u2014    10  Purchase of own shares   \u2014    \u2014    \u2014    \u2014    (5)    \u2014    \u2014    (5)  Issue of shares   \u2014    \u2014    \u2014    \u2014    (7)    \u2014    \u2014    (7)  Share buyback programme: Purchase of Treasury shares   \u2014    \u2014    \u2014    \u2014    (43)    \u2014    \u2014    (43)  Accrual for committed share purchases   \u2014    \u2014    \u2014    \u2014    \u2014    \u2014    (207)    (207)  Impact of cash flow hedging   (28)    \u2014    \u2014    \u2014    \u2014    \u2014    \u2014    (28)  Taxation on above items   8    \u2014    23    \u2014   \u2014   \u2014    \u2014    31  Share of other comprehensive loss of joint ventures  and associates, net of taxation   \u2014    \u2014    (293)    \u2014    \u2014    \u2014    \u2014    (293)  Exchange differences on translation of foreign  operations   \u2014    (95)    \u2014    \u2014    \u2014    \u2014    \u2014    (95)  Exchange differences reclassified to Group Income  Statement on disposal   \u2014    272    \u2014    \u2014    \u2014    \u2014    \u2014    272  31 December 2022   (10)    (127)    (1,429)    3    (63)    30    320    (1,276)  Merger, capital redemption and other reserves During February 1997, BG plc (formerly British Gas plc) demerged certain businesses (grouped together under GB Gas Holdings Limited  (GBGH)) to form Centrica plc. Upon demerger, the share capital of GBGH was transferred to Centrica plc and was recorded at the  nominal value of shares issued to BG plc shareholders. In accordance with the Companies Act 1985, no premium was recorded on the  shares issued. On consolidation, the difference between the nominal value of the Company\u2019s shares issued and the amount of share  capital and share premium of GBGH at the date of demerger was credited to a merger reserve. On 8 December 2017, the Group\u2019s existing exploration and production business was combined with that of Bayerngas Norge AS to form  the Spirit Energy business. The Group acquired 69% of the Spirit Energy business and Bayerngas Norge\u2019s former shareholders acquired  31%. The non-controlling interest established on acquisition has been based on its share of the carrying value of the combined business,  with the other reserve representing the difference between the fair value and this carrying value.  In accordance with the Companies Act, the Company has transferred to the capital redemption reserve an amount equal to the nominal  value of shares repurchased and subsequently cancelled. Up to 31 December 2022 the cumulative nominal value of shares repurchased  and subsequently cancelled was \u00a328 million (2021: \u00a328 million). During the year, the Group recognised a financial liability of \u00a3207 million relating to the Share buyback programme. See treasury and own  shares reserve section for more details. S4. Other equity  Treasury and own shares reserve The own shares reserve reflects the cost of shares in the Group held in the Centrica employee share ownership trusts to meet the future  requirements of the Group\u2019s share-based payment plans. Treasury shares are acquired equity instruments of the Company.  Centrica\u2019s current return of capital programme, initially approved by the Board on 9 November 2022, seeks to return up to \u00a3250 million to  shareholders and is expected to be completed by 31 May 2023. During the year ended 31 December 2022, the Group purchased 46 million ordinary shares, representing approximately 0.8% of the  issued ordinary share capital at an average price of 93.7 pence per share, and an aggregate cost of \u00a343 million under the share buyback  programme.  A financial liability of \u00a3207 million was recognised at 31 December 2022, representing the difference between purchases to date, and the  maximum potential repurchase by 16 February 2023. This liability is included within the Merger, capital redemption and other reserves. The monthly breakdown of all shares purchased and the average price paid per share (excluding expenses) for the year ended  31 December 2022 were as follows: Period Number of shares purchased under share buyback programme Average price paid Pence Total cost \u00a3m Authorised purchases unutilised at month end \u00a3m November 2022   16,906,393  93.3 16 234 December 2022   28,808,490  93.9 27 207 Total   45,714,883  93.7 43 207 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-514": {
   "value": "S5. Hedge accounting The Group primarily applies hedge accounting to address interest rate and foreign currency risk on borrowings.  For the purposes of hedge accounting, hedges are classified either as fair value hedges, cash flow hedges or hedges of  net investments in foreign operations.  The fair values of derivatives and primary financial instruments in hedge accounting relationships at 31 December were as follows:  2022 2021 31 December  Hedge Assets \u00a3m Liabilities \u00a3m Change in fair value \u00a3m Assets \u00a3m Liabilities \u00a3m Change in fair value \u00a3m Interest rate risk Fair value  37    (221)    (228)    67    \u2014    (95)  Foreign exchange risk Cash flow hedge  37    (6)    (10)    33    (7)    (44)  Foreign exchange risk Net investment hedge  \u2014    \u2014    \u2014    \u2014    \u2014    2  2022 Hedge Timing of nominal  amount Average rate Nominal value Hedged item Change in fair value of hedged item in year \u00a3m Cumulative amount of  fair value  hedge adjustments  on hedged  item \u00a3m Accumulated gains/(losses)  in equity  (i) \u00a3m Interest rate risk Fair value 2022-2033 Fixed to  floating at LIBOR/US IBOR + 1%-5% \u00a350 million- \u00a3550  million, $250 million Bonds (ii)  228    158  N/A Foreign exchange risk Cash flow hedge 2032 GBP to Euro at 1.171 \u20ac50 million Euro bonds   7  N/A   26  Cash flow hedge 2036-2038 GBP to Yen at 157.33 \u00a520 billion Yen bank loans  3  N/A   (23)  S5. Hedge accounting 2021 Hedge Timing of nominal  amount Average rate Nominal value Hedged item Change in fair value of hedged item in year \u00a3m Cumulative amount of fair value hedge adjustments on hedged item \u00a3m Accumulated gains/(losses) in equity  (i) \u00a3m Interest rate risk Fair value 2022-2032 Fixed to floating at LIBOR/US IBOR + 1%-5% \u00a350 million- \u00a3550 million, $250 million Bonds (ii)  95    (70)  N/A Foreign exchange risk Cash flow hedge 2021-2032 GBP to Euro at 1.356 \u20ac50 million, \u20ac750 million Euro bonds   24  N/A   32  Cash flow hedge 2036-2038 GBP to Yen at 145.43 \u00a520 billion Yen bank loans  14  N/A   (21)  Foreign exchange risk Net investment hedge/Cash flow hedge 2021 GBP to USD at 1.34 $2.3 billion Carrying value of net assets of subsidiary/ disposal proceeds  4  N/A   \u2014  (i) In the years presented all amounts related to continuing cash flow hedge relationships. (ii) The carrying amount of bonds designated as hedged items in hedging relationships is disclosed in note 24. The Group\u2019s accounting policies in relation to derivatives qualifying for hedge accounting under IAS 39 are described below. Fair value hedges A derivative is designated as a hedging instrument and its relationship to a recognised asset or liability is classified as a fair value hedge  when it hedges the exposure to changes in the fair value of that recognised asset or liability. The Group\u2019s fair value hedges consist of  interest rate swaps used to protect against changes in the fair value of fixed-rate, long-term debt due to movements in market interest  rates. Any gain or loss from re-measuring the hedging instrument to fair value is recognised immediately in the Group Income Statement  in net finance cost. Any gain or loss on the hedged item attributable to the hedged risk is adjusted against the carrying amount of the  hedged item and recognised in the Group Income Statement within net finance cost. The Group discontinues fair value hedge accounting  if the hedging instrument expires or is sold, terminated or exercised, the hedge no longer qualifies for hedge accounting or the Group  revokes the designation. Any adjustment to the carrying amount of a hedged financial instrument for which the effective interest method is  used is amortised to the Group Income Statement. Amortisation may begin as soon as an adjustment exists and begins no later than  when the hedged item ceases to be adjusted for changes in its fair value attributable to the risk being hedged. Impact of interest rate benchmark reform  Phase 2 of the Interest Rate Benchmark Reform became effective on 1 January 2021. Under Phase 2, to the extent that modifications  were made to financial instruments that were necessary to implement Interest Rate Benchmark Reform, reliefs from the discontinuation  of hedge accounting or immediate recognition of any gains or losses in the income statement on the modification of financial instruments  measured at amortised cost were available on transition to alternative rates, as the modification was a direct consequence of the reform  and the new basis for calculating cash flows is economically equivalent to the previous basis. The Group applied the International Swaps and Derivatives Associates (ISDA) fallback protocol to the derivative financial instruments held  by the Group affected by the IBOR Reform where the interest rate benchmark was linked to GBP Libor. These instruments primarily  comprise interest rate swap agreements designated in fair value hedge relationships. The ISDA fallback rates are derived from the Sterling  Overnight Interbank Average (SONIA) rate and are calculated and published by Bloomberg.  The Group amended its hedge designation to reflect changes which are required by IBOR reform to designate movements in Bloomberg  Fallback Libor as the hedged risk and to amend the description of both the hedged item and the hedging instrument to reference the  alternative rate.  The Group also has interest rate swap agreements designated in fair value hedge relationships which are linked to USD Libor which is  expected to remain in place until 2023, when it is expected to be replaced by the Secured Overnight Financing Rate (SOFR).  Cash flow hedges A derivative is classified as a cash flow hedge when it hedges exposure to variability in cash flows that is attributable to a particular risk  associated with a recognised asset, liability or a highly probable forecast transaction. The Group\u2019s cash flow hedges consist primarily of:  \u2022 forward foreign exchange contracts used to protect against the variability of functional currency denominated cash flows associated  with non-functional currency denominated highly probable forecast transactions; and \u2022 cross-currency interest rate swaps and forward foreign exchange contracts used to protect against the variability in cash flows  associated with borrowings denominated in non-functional currencies. S5. Hedge accounting The portion of the gain or loss on the hedging instrument which is effective is recognised directly in equity while any ineffectiveness is  recognised in the Group Income Statement. The gains or losses that are initially recognised in the cash flow hedging reserve through other  comprehensive income are transferred to the Group Income Statement in the period in which the hedged item affects profit or loss. Where  the hedged item is the cost of a non-financial asset or liability, the amounts taken to equity are transferred to the initial carrying amount of  the non-financial asset or liability on its recognition. Hedge accounting is discontinued when the hedging instrument expires or is sold,  terminated or exercised without replacement or rollover, no longer qualifies for hedge accounting or the Group revokes the designation.  At that point in time, any cumulative gain or loss on the hedging instrument recognised in equity remains in equity until the hedged  transaction occurs. If the transaction is no longer expected to occur, the cumulative gain or loss recognised in equity is recognised in the  Group Income Statement. Note S4 details movements in the cash flow hedging reserve. The ineffective portion of gains and losses on  cash flow hedging is immaterial. Net investment hedges Hedges of net investments in foreign operations hedge the exposure of the sterling value of the assets of foreign currency subsidiaries in  the consolidated Financial Statements to changes in exchange rates. Such hedges are accounted for similarly to cash flow hedges. Any  gain or loss on the effective portion of the hedge is recognised in equity, any gain or loss on the ineffective portion of the hedge is  recognised in the Group Income Statement. On disposal of the foreign operation, the cumulative gains or losses recognised directly in  equity are transferred to the Group Income Statement. The Group initially ceased any net investment hedging activity in 2009. The Group  recommenced this strategy in respect of the US dollar subsidiaries in its Direct Energy business in 2020 until its disposal in 2021.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfHedgeAccountingExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-515": {
   "value": "S6.Fair value of financial instruments The fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability  in an orderly transaction between market participants at the measurement date. The Group has documented internal  policies for determining fair value, including methodologies used to establish valuation adjustments required for  credit risk. (a)  Fair value hierarchy Financial assets and financial liabilities measured and held at fair value are classified into one of three categories, known as hierarchy  levels, which are defined according to the inputs used to measure fair value as follows: \u2022 Level 1: fair value is determined using observable inputs that reflect unadjusted quoted market prices for identical assets and liabilities; \u2022 Level 2: fair value is determined using significant inputs that may be directly observable inputs or unobservable inputs that are  corroborated by market data; and \u2022 Level 3: fair value is determined using significant unobservable inputs that are not corroborated by market data and may be used with  internally developed methodologies that result in management\u2019s best estimate of fair value. 2022 2021 31 December  Level 1 \u00a3m Level 2 \u00a3m Level 3 \u00a3m Total \u00a3m Level 1 \u00a3m Level 2 \u00a3m Level 3 \u00a3m Total \u00a3m Financial assets Derivative financial instruments: Energy derivatives  \u2014    6,486    592    7,078    \u2014    6,906    480    7,386  Interest rate derivatives  \u2014    37    \u2014    37    \u2014    71    \u2014    71  Foreign exchange derivatives  \u2014    312    \u2014    312    \u2014    93    \u2014    93  Debt instruments  66    \u2014    1    67    82    \u2014    1    83  Equity instruments  29    9    17    55    29    3    20    52  Cash and cash equivalents  \u2014    2,978    \u2014    2,978    \u2014    3,670    \u2014    3,670  Total financial assets at fair value  95    9,822    610    10,527    111    10,743    501    11,355  Financial liabilities Derivative financial instruments: Energy derivatives  \u2014    (8,806)    (850)    (9,656)    \u2014    (5,662)    (290)    (5,952)  Interest rate derivatives  \u2014    (221)    \u2014    (221)    \u2014    \u2014    \u2014    \u2014  Foreign exchange derivatives  \u2014    (274)    \u2014    (274)    \u2014    (57)    \u2014    (57)  Total financial liabilities at fair value  \u2014    (9,301)    (850)    (10,151)    \u2014    (5,719)    (290)    (6,009)  S6.Fair value of financial instruments The reconciliation of the Level 3 fair value measurements during the year is as follows: 2022 2021 Financial assets \u00a3m Financial  liabilities \u00a3m Financial  assets \u00a3m Financial  liabilities \u00a3m Level 3 financial instruments 1 January    501    (290)    120    (129)  Disposal of Direct Energy   \u2014    \u2014    (53)    20  Total realised and unrealised gains/(losses): Recognised in Group Income Statement   10    (784)    453    (181)  Purchases, sales, issuances and settlements (net)   (4)    \u2014    2    \u2014  Transfer to assets held for sale   \u2014    \u2014   (21)    \u2014  Transfers from Level 2 to Level 3  (i)  101    224    \u2014    \u2014  Foreign exchange movements   2    \u2014    \u2014    \u2014  31 December    610    (850)    501    (290)  Total gains/(losses) for the year for Level 3 financial instruments  held at the end of the reporting year   10    (784)    453    (181)  (i) Transfers between levels are deemed to occur at the beginning of the reporting year. (b) Valuation techniques used to derive Level 2 and Level 3 fair values and Group valuation process  Level 2 interest rate derivatives and foreign exchange derivatives comprise interest rate swaps and forward foreign exchange contracts.  Interest rate swaps are fair valued using forward interest rates extracted from observable yield curves. Forward foreign exchange contracts  are fair valued using forward exchange rates that are quoted in an active market, with the resulting market value discounted back to  present value using observable yield curves. Level 2 energy derivatives are fair valued by comparing and discounting the difference between the expected contractual cash flows for  the relevant commodities and the quoted prices for those commodities in an active market. The average discount rate applied to value this  type of contract during the year was 5% per annum (31 December 2021 average discount rate of 1% per annum). For Level 3 energy derivatives, the main input used by the Group pertains to deriving expected future commodity prices in markets that  are not active as far into the future as some of our contractual terms. This applies to certain contracts within Europe and North America.  Fair values are then calculated by comparing and discounting the difference between the expected contractual cash flows and these  derived future prices using an average discount rate of 5% (Europe) and 5% (North America) per annum (31 December 2021 average  discount rate of 1% (Europe) and 3% (North America) per annum). Active period of markets Gas Power Coal Emissions Oil UK (years) 4 4 3 3 3 Because the Level 3 energy derivative valuations involve the prediction of future commodity market prices, sometimes a long way into the  future, reasonably possible alternative assumptions for gas, power, coal, emissions or oil prices may result in a higher or lower fair value for  Level 3 financial instruments. The impact of reasonably possible changes in commodity prices on profit and loss are included in note S3.  Other than commodity prices there are no other unobservable inputs which would have a material impact. It should be noted that the fair values disclosed in the tables above only concern those contracts entered into that are within the scope of  IFRS 9. The Group has numerous other commodity contracts that are outside of the scope of IFRS 9 and are not fair valued. The Group\u2019s  actual exposure to market rates is constantly changing as the Group\u2019s portfolio of energy contracts changes.  The Group\u2019s valuation process includes specific teams of individuals that perform valuations of the Group\u2019s derivatives for financial  reporting purposes, including Level 3 valuations. The Group has an independent team that derives future commodity price curves based  on available external data and these prices feed into the energy derivative valuations, subject to adjustments to ensure they are compliant  with IFRS 13 \u2018Fair Value Measurement\u2019. The price curves are subject to review and approval by the Group\u2019s Executive Committee and  valuations of all derivatives, together with other contracts that are not within the scope of IFRS 9, are also reviewed regularly as part of the  overall risk management process. The Group adjusts the market value of derivative instruments to account for counterparty credit risk and  corresponding possibility of a counterparty default preventing full realisation of the risk-free market value of the derivative. The Group  estimates Credit Valuation Adjustments by computing an expected evolution of the market value of a counterpart\u2019s derivatives portfolio  over the life of the contracts weighted by the probability of a default and an assumption of the market value recoverable in the event of  a default. The default probability is calibrated to the price of Credit Default Swaps \u2013 a debt instrument reflecting the insurance premium  payable to protect against a debtor\u2019s default. Debit valuation adjustments are the amount added back to the derivative value to account  for the expected gain from the Group\u2019s own default and are calculated using a similar methodology with reference to the Group\u2019s own  probability of default. S6.Fair value of financial instruments Where the fair value at initial recognition for contracts which have significant unobservable inputs and the fair value differs from the  transaction price, a day one gain or loss will arise. These deferred gains are presented net against respective derivative assets and  derivative liabilities. Such gains and losses are deferred and amortised to the Group Income Statement based on volumes purchased or  delivered over the contractual period until such time as observable market data becomes available (see note S2 for further detail). The  amount that has yet to be recognised in the Group Income Statement relating to the differences between the transaction prices and the  amounts that would have arisen had valuation techniques used for subsequent measurement been applied at initial recognition, less  subsequent releases, is as follows:  Day-one gains deferred 2022 \u00a3m 2021 \u00a3m 1 January   90    64  Disposal of Direct Energy  \u2014    (45)  Net gains deferred on transactions in the year  401    70  Net amounts recognised in Group Income Statement  (195)    2  Exchange differences  8    (1)  31 December   304    90  (c) Fair value of financial assets and liabilities held at amortised cost  The carrying value of the Group\u2019s financial assets and liabilities measured at amortised cost are approximately equal to their fair value  except as listed below: 2022 2021 31 December  Notes Carrying value \u00a3m Fair value \u00a3m Fair value  hierarchy Carrying value \u00a3m Fair value \u00a3m Fair value  hierarchy Bank loans 24(d)  (143)    (143)  Level 2   (137)    (173)  Level 2 Bonds  Level 1 24(d)  (2,805)    (2,840)  Level 1   (3,218)    (3,947)  Level 1 Level 2 24(d)  (69)    (79)  Level 2   (106)    (136)  Level 2 Bank loans and borrowings The fair values of bonds classified as Level 1 within the fair value hierarchy are calculated using quoted market prices. The fair values of  Level 2 bonds and bank loans have been determined by discounting cash flows with reference to relevant market rates of interest. The fair  values of overdrafts and short-term loans are assumed to equal their book values due to the short-term nature of these amounts. Other financial instruments Due to their nature and/or short-term maturity, the fair values of trade and other receivables, cash and cash equivalents, trade and other  payables and securities held at amortised cost are estimated to approximate their carrying values. S6. Fair value of financial instruments (d) Financial assets and liabilities subject to offsetting, master netting arrangements and similar  arrangements Related amounts not offset in  the Group Balance Sheet  (i) 31 December 2022 Gross  amounts of recognised financial  instruments \u00a3m Gross amounts of recognised financial instruments offset  in the Group Balance Sheet \u00a3m Net amounts  presented in the Group Balance Sheet \u00a3m Financial instruments \u00a3m Collateral \u00a3m Net amount \u00a3m Derivative financial assets  28,019    (20,592)    7,427    (956)    (601)    5,870  Derivative financial liabilities  (30,743)    20,592    (10,151)    956    1,154    (8,041)   (2,724)    (2,171)  Balances arising from commodity contracts: Accrued and unbilled downstream and energy income  12,751    (8,057)    4,694    (622)    \u2014    4,072  Accruals for commodity costs  (13,428)    8,057    (5,371)    622    \u2014    (4,749)  Cash and financing arrangements: Cash and cash equivalents  4,842    \u2014    4,842    (600)    \u2014    4,242  Bank loans and overdrafts  (743)    \u2014    (743)    600    \u2014    (143)  Related amounts not offset in the  Group Balance Sheet  (i) 31 December 2021 Gross amounts of recognised financial  instruments \u00a3m Gross amounts of recognised financial instruments offset  in the Group Balance Sheet \u00a3m Net amounts  presented in the Group Balance Sheet \u00a3m Financial instruments \u00a3m Collateral \u00a3m Net amount \u00a3m Derivative financial assets  33,212    (25,662)    7,550    (810)    (1,185)    5,555  Derivative financial liabilities  (31,671)    25,662    (6,009)    810    888    (4,311)   1,541    1,244  Balances arising from commodity contracts: Accrued and unbilled downstream and energy income  8,890    (5,443)    3,447    (242)    \u2014    3,205  Accruals for commodity costs  (8,905)    5,443    (3,462)    242    \u2014    (3,220)  Cash and financing arrangements: Cash and cash equivalents  5,060    \u2014    5,060    (750)    \u2014    4,310  Bank loans and overdrafts  (887)    \u2014    (887)    750    \u2014    (137)  (i) The Group has arrangements in place with various counterparties in respect of commodity trades which provide for a single net settlement of all financial instruments  covered by the arrangement in the event of default or termination, or other circumstances arising whereby either party is unable to meet its obligations. The above table  shows the potential impact of these arrangements being enforced by offsetting the relevant amounts within each Group Balance Sheet class of asset or liability, but does  not show the impact of offsetting across Group Balance Sheet classes where the offsetting Group Balance Sheet class is not included within the above table. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-516": {
   "value": "S7. Fixed-fee service and insurance contracts This section includes fixed-fee service (FFS) and insurance contract disclosures for services related to British Gas. FFS contracts in the UK are entered into with home services customers by British Gas Services Limited (BGSL) and with business  customers by British Gas Services (Commercial) Limited. Insurance contracts in the UK are entered into with home services customers by  British Gas Insurance Limited (BGIL), authorised by the PRA and regulated by the FCA and the PRA.  Product offerings include central heating, boiler and controls, plumbing and drains and electrical appliance insurance cover.  FFS contracts continue until either party cancels; insurance contracts normally provide cover for twelve months with the option of renewal. The contracts that protect policyholders against the risk of breakdowns result in risk transfer to the contract provider. Benefits provided to  customers vary in accordance with terms and conditions of the contracts entered into. However, they generally include maintenance,  repair and/or replacement of the items affected. The levels of risk exposure and service provision to customers under the contract terms depend on the occurrence of uncertain future  events, particularly the nature and frequency of faults, and the cost of repair or replacement of the items affected. Accordingly, the  timing and the amount of future cash outflows associated with the contracts is uncertain. As the Group\u2019s insurance contract portfolio is  comprised of a large number of contracts with small individual values, a high volume of claims with relatively low unit cost results. The  characteristics of the business mean that material concentrations or aggregations of risk are relatively remote. The key terms and  conditions that affect future cash flows are as follows: \u2022 provision of labour and parts for repairs, dependent on the agreement and associated level of service; \u2022 a specified number of safety and maintenance inspections are carried out as set out in the agreement (usually once a year); \u2022 no limit to the number of call-outs to carry out repair work; and  \u2022 limits on certain maintenance and repair costs.  The most significant insurance risk is an extreme weather event for an extended period, which has the propensity to increase claim  frequencies. The Group regularly assesses insurance risk sensitivities, the most significant relating to increases in breakdown frequency  and increases in the average cost of repair. A reasonably possible increase in either would not have a material impact on the results of  the Group. Revenue is recognised over the life of contracts (usually twelve months) regarding the incidence of risk, in particular the seasonal  propensity of claims that span the life of the contract as a result of emergency maintenance being available throughout the contract term.  Costs incurred to settle claims represent principally the engineer workforce employed by the Group within home services and the cost of  parts utilised in repair or maintenance. Revenue is accounted for over a 12-month period, with adjustments made to reflect the seasonality  of workload over a given year. Weather conditions and the seasonality of repairs both affect the profile of the workload and associated costs incurred across the year. The risk exposure of these uncertain events is actively managed by undertaking the following risk mitigation activities: \u2022 an initial service visit is provided to customers taking up most central heating contracts and in some instances pre-existing faults may  lead to the contract being cancelled and no further cover being provided; \u2022 an annual maintenance inspection is performed as part of most central heating contracts to help identify and prevent issues developing  into significant maintenance or breakdown claims; and \u2022 contract limits are applied to certain types of maintenance and repair work considered to be higher risk in terms of frequency and cost. The costs of FFS claims and insurance claims incurred during the year were \u00a32 million (2021: \u00a33 million) and \u00a3290 million  (2021: \u00a3293 million) respectively and are included in the table below in \u2018Expenses relating to FFS and insurance contracts\u2019. All claims are  settled immediately and in full. Due to the short average lead time between claims occurrence and settlement, no material provisions were  outstanding at the balance sheet date in 2022 or 2021. 31 December  2022 \u00a3m 2021 \u00a3m Total revenue 857   913  Expenses relating to FFS and insurance contracts  (848)   (803)  Deferred income  (39)   (37)  Accrued income   29    31  The Group also considers whether estimated future cash flows under the contracts will be sufficient to meet expected future costs. Any  deficiency is charged immediately to the Group Income Statement. Claims frequency is sensitive to the reliability of appliances as well as  the impact of weather conditions. The contracts are not exposed to any interest rate risk or significant credit risk and do not contain any  embedded derivatives. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInsuranceContractsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-517": {
   "value": "S8. Related party transactions The Group\u2019s principal related party is its investment in Lake Acquisitions Limited, which owns the existing EDF UK  nuclear fleet. The disclosures below, including comparatives, only refer to related parties that were related in the  current reporting period. During the year, the Group entered into the following arm\u2019s length transactions with related parties who are not members of the Group,  and had the following associated balances: 2022 2021 31 December  Purchase of  goods and  services \u00a3m Amounts  owed to \u00a3m Purchase of  goods and  services \u00a3m Amounts  owed to \u00a3m Associates: Nuclear  (564)    (102)    (300)    (40)   (564)    (102)    (300)    (40)  During the year, there were no material changes to commitments in relation to joint ventures and associates.  At the balance sheet date, the Group had committed facilities to the Lake Acquisition Group totalling \u00a3120 million (2021: \u00a3120 million),  although nothing has been drawn at 31 December 2022. Remuneration of key management personnel Year ended 31 December  2022 \u00a3m 2021 \u00a3m  (i) Short-term benefits  4.4    3.5  Post-employment benefits  0.1    0.4  Share-based payments  4.1    1.1   8.6    5.0  Key management personnel comprise members of the Board and Executive Committee, a total of 11 individuals at 31 December 2022  (2021: 10). Remuneration of the Directors of Centrica plc Year ended 31 December  2022 \u00a3m 2021 \u00a3m (i) Total emoluments (ii)  3.2    2.4  Amounts receivable under long-term incentive schemes  2.3    \u2014  Contributions into pension schemes  \u2014    0.1   5.5    2.5  (i)  2021 comparatives have been restated. (ii)  These emoluments were paid for services performed on behalf of the Group. No emoluments related specifically to services performed for the Company.  Directors\u2019 interests in shares are given in the Remuneration Report on pages 84 to 95.  ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-518": {
   "value": "S9. Auditors\u2019 remuneration Year ended 31 December  2022 \u00a3m 2021 \u00a3m Fees payable to the Company\u2019s auditors for the audit of the Company\u2019s individual and consolidated: Financial Statements  4.8    5.0  Audit of the Company\u2019s subsidiaries  1.7    1.7  Total fees related to the audit of the parent and subsidiary entities  6.5    6.7  Fees payable to the Company\u2019s auditors and its associates for other services: Audit-related assurance services  (i)  0.9    0.8  All other services  (ii)  \u2014    0.9  Total fees  7.4    8.4  Fees in respect of pension scheme audits  (iii)  0.1    0.1  (i) Predominantly relates to the review of the condensed interim Financial Statements and the audit of the Ofgem Consolidated Segmental Statement. (ii) Prior year relates to the Class 1 Circular reporting accountant work for the Spirit Energy Norway and Statfjord field disposal. (iii) The pension scheme audit continues to be performed by PricewaterhouseCoopers LLP. During 2021, work on the divestment of Spirit Energy Norway and Statfjord field required additional other services from Deloitte in respect  of the disposal Class 1 Circular. Approval for this expenditure was sought and received from the Audit and Risk Committee in advance of  the work commencing. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-519": {
   "value": "<div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:2.919365px; bottom:787.6985px;\">S10.<span class=\"_ _13e\"> </span>Related undertakings<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:760.9965px;\">The Group has a large number of related undertakings principally in the UK, US, Canada, Denmark, the Netherla<span class=\"_ _1\"></span>nds and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcf ff66 fs1b fce sc0 ls0 ws0\" style=\"left:12.232567px; bottom:747.7365px;\">the Republic of Ireland. These are listed below.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:715.8085px;\">(a)<span class=\"_ _10f\"> </span>Subsidiary undertakings<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:697.08844px;\">Investments held directly by Centrica plc with 100% voting rights<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:672.4795px;\">31 December 2022<span class=\"_ _24e\"> </span><span class=\"fc12\">Principal activity<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:454.59192px; bottom:681.8395px;\">Country of incorporation/<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:462.9228px; bottom:672.4795px;\">registered address key<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fc12 sc0 ls0 ws0\" style=\"left:550.173px; bottom:675.2641px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:575.7434px; bottom:672.4795px;\">Class of shares held<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:657.4385px;\">Centrica Beta Holdings Limited<span class=\"_ _d1\"> </span>Holding company<span class=\"_ _b7\"> </span>United Kingdom<span class=\"_ _178\"> </span>A<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:641.83844px;\">Centrica Holdings Limited<span class=\"_ _24f\"> </span>Holding company<span class=\"_ _b7\"> </span>United Kingdom<span class=\"_ _178\"> </span>A<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:626.23846px;\">Centrica Ireland Holdings Limited</div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:144.80617px; bottom:629.7192px;\"> (ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:356.74335px; bottom:626.23846px;\">Holding company<span class=\"_ _11c\"> </span>Republic of Ireland<span class=\"_ _83\"> </span>B<span class=\"_ _a0\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:610.6385px;\">CH4 Energy Limited</div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:87.32536px; bottom:614.1192px;\"> (iii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:395.30615px; bottom:610.6385px;\">Dormant <span class=\"_ _17a\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _a0\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:595.5325px;\">Rhodes Holdings HK Limited<span class=\"_ _232\"> </span>Non-trading<span class=\"_ _51\"> </span>Hong Kong<span class=\"_ _178\"> </span>C<span class=\"_ _a0\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:568.12854px;\">Investments held indirectly by Centrica plc with 100% voting rights<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:543.5195px;\">31 December 2022<span class=\"_ _24e\"> </span><span class=\"fc12\">Principal activity<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:454.59192px; bottom:552.8796px;\">Country of incorporation/<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:462.9228px; bottom:543.5195px;\">registered address key<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fc12 sc0 ls0 ws0\" style=\"left:550.173px; bottom:546.3041px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:575.7434px; bottom:543.5195px;\">Class of shares held<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:528.47845px;\">Accord Energy (Trading) Limited<span class=\"_ _250\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:512.8785px;\">Alertme.com GmbH<span class=\"_ _1a9\"> </span>In liquidation<span class=\"_ _117\"> </span>Germany<span class=\"_ _83\"> </span>D<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:497.2785px;\">Astrum Solar, Inc.<span class=\"_ _251\"> </span>Home and/or commercial services<span class=\"_ _13f\"> </span>United States<span class=\"_ _15\"> </span>E<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:481.67847px;\">Bord G\u00e1is Energy Limited<span class=\"_ _60\"> </span>Energy supply and power generation<span class=\"_ _1e3\"> </span>Republic of Ireland<span class=\"_ _1e0\"> </span>B<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:466.0785px;\">Bord G\u00e1is Energy Trustees DAC<span class=\"_ _d5\"> </span>Pension trustee company<span class=\"_ _1e3\"> </span>Republic of Ireland<span class=\"_ _1e0\"> </span>B<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:450.47845px;\">British Gas Energy Procurement Limited<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:177.21141px; bottom:453.95923px;\">(iii) (iv)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:395.30615px; bottom:450.47845px;\">Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:434.87848px;\">British Gas Finance Limited<span class=\"_ _252\"> </span>Vehicle leasing<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:419.2785px;\">British Gas Insurance Limited<span class=\"_ _d1\"> </span>Insurance provision<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:403.67847px;\">British Gas Limited</div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:82.65837px; bottom:407.15924px;\"> (iii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:371.30948px; bottom:403.67847px;\">Energy supply<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:388.0785px;\">British Gas New Heating Limited<span class=\"_ _39\"> </span>Electrical and gas installations<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:372.4785px;\">British Gas Services (Commercial) Limited<span class=\"_ _76\"> </span>Servicing and installation of heating systems<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:356.87848px;\">British Gas Services Limited<span class=\"_ _253\"> </span>Home services<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:341.27847px;\">British Gas Social Housing Limited<span class=\"_ _69\"> </span>Servicing and installation of heating systems<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:325.6785px;\">British Gas Solar Limited<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:110.59537px; bottom:329.1592px;\">(iv)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:395.30615px; bottom:325.6785px;\">Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:310.0785px;\">British Gas Trading Limited<span class=\"_ _254\"> </span>Energy supply<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:294.47852px;\">British Gas X Limited<span class=\"_ _255\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:278.8785px;\">Caythorpe Gas Storage Limited<span class=\"_ _256\"> </span>Gas storage<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _7\"> </span>F<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:263.27853px;\">CBS Energy Assets Belgium B.V.</div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:144.80617px; bottom:266.75925px;\"> (ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:296.38788px; bottom:263.27853px;\">Construction of battery storage<span class=\"_ _1ec\"> </span>Belgium<span class=\"_ _83\"> </span>G<span class=\"_ _a0\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:247.67853px;\">CBS Solar Assets UK Limited<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:130.56584px; bottom:251.15927px;\">(iii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:261.26538px; bottom:247.67853px;\">Building solar farm &amp; connecting to grid<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:232.07852px;\">CBS US Solar Fund 1, LLC<span class=\"_ _6c\"> </span>Distributed Energy &amp; Power<span class=\"_ _7c\"> </span>United States<span class=\"_ _83\"> </span>H<span class=\"_ _1e0\"> </span>Membership interest<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:216.47852px;\">Centrica (Lincs) Wind Farm Limited<span class=\"_ _256\"> </span>Dormant<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:200.87851px;\">Centrica Barry Limited<span class=\"_ _21a\"> </span>Power generation<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:185.27853px;\">Centrica Brigg Limited<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:99.44098px; bottom:188.75928px;\">(vi)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:296.38788px; bottom:185.27853px;\">Construction of battery storage<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:169.67853px;\">Centrica Business Holdings Inc.<span class=\"_ _257\"> </span>Holding company<span class=\"_ _4c\"> </span>United States<span class=\"_ _ad\"> </span>I<span class=\"_ _5d\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:154.07852px;\">Centrica Business Solutions (Generation) Limited<span class=\"_ _d6\"> </span>Power genera<span class=\"_ _b\"></span>tion<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:138.47852px;\">Centrica Business Solutions Asset Management,<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:126.77852px;\">LLC<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:244.11124px; bottom:138.97253px;\">Energy management products and services<span class=\"_ _13f\"> </span>United States<span class=\"_ _1e0\"> </span>H<span class=\"_ _1e0\"> </span>Membership interest<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:111.17853px;\">Centrica Business Solutions B.V.<span class=\"_ _258\"> </span>Energy management products and services<span class=\"_ _48\"> </span>Netherlands<span class=\"_ _7\"> </span>J<span class=\"_ _109\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:95.57852px;\">Centrica Business Solutions Belgium NV<span class=\"_ _24b\"> </span>Demand response aggregation<span class=\"_ _1ec\"> </span>Belgium<span class=\"_ _83\"> </span>G<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:79.978516px;\">Centrica Business Solutions Canada Inc.<span class=\"_ _102\"> </span>Energy management products and services<span class=\"_ _57\"> </span>Canada<span class=\"_ _1e0\"> </span>K<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:64.378525px;\">Centrica Business Solutions Deutschland GmbH<span class=\"_ _5c\"> </span>Demand response aggregation<span class=\"_ _117\"> </span>Germany<span class=\"_ _7\"> </span>L<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:48.77852px;\">Centrica Business Solutions France SASU<span class=\"_ _64\"> </span>Demand response aggregation<span class=\"_ _b0\"> </span>France<span class=\"_ _178\"> </span>M<span class=\"_ _146\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:33.178528px;\">Centrica Business Solutions International Limited<span class=\"_ _21d\"> </span>Dormant<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:17.578522px;\">Centrica Business Solutions Ireland Limited<span class=\"_ _4b\"> </span>Energy management products and services<span class=\"_ _1e3\"> </span>Republic of Ireland<span class=\"_ _1e0\"> </span>B<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:1.9785233px;\">Centrica Business Solutions Italia Srl<span class=\"_ _11e\"> </span>Energy management products and services<span class=\"_ _1fa\"> </span>Italy<span class=\"_ _1e0\"> </span>N<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:2.919365px; bottom:794.30786px;\">S10.  Related undertakings<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:769.2309px;\">31 December 2022<span class=\"_ _24e\"> </span><span class=\"fc12\">Principal activity<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:454.59192px; bottom:778.5909px;\">Country of incorporation/<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:464.47748px; bottom:769.2309px;\">registered address key</div><div class=\"t m0 heb ff66 fs64 fc12 sc0 ls0 ws0\" style=\"left:549.0159px; bottom:772.0155px;\"> (i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:575.7434px; bottom:769.2309px;\">Class of shares held<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:754.1899px;\">Centrica Business Solutions Management Limited<span class=\"_ _13d\"> </span>Holding comp<span class=\"_ _1\"></span>any<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:738.58984px;\">Centrica Business Solutions Optimize, LLC<span class=\"_ _76\"> </span>Energy management products and services<span class=\"_ _4c\"> </span>United States<span class=\"_ _83\"> </span>H<span class=\"_ _15\"> </span>Membership interest<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:722.98987px;\">Centrica Business Solutions Romania Srl<span class=\"_ _71\"> </span>Energy management products and services<span class=\"_ _72\"> </span>Romania<span class=\"_ _83\"> </span>O<span class=\"_ _a0\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:707.3899px;\">Centrica Business Solutions Services, Inc.<span class=\"_ _6e\"> </span>Energy management products and services<span class=\"_ _4c\"> </span>United States<span class=\"_ _1e0\"> </span>H<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:691.78986px;\">Centrica Business Solutions UK Limited<span class=\"_ _1de\"> </span>Energy management products and services<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:676.1899px;\">Centrica Business Solutions UK Optimisation<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:664.48987px;\">Limited<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:299.10226px; bottom:676.6839px;\">Demand response aggregation<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:648.8899px;\">Centrica Business Solutions US, Inc.<span class=\"_ _135\"> </span>Energy management products and services<span class=\"_ _13f\"> </span>United States<span class=\"_ _1e0\"> </span>H<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:633.7839px;\">Centrica Business Solutions Zrt<span class=\"_ _179\"> </span>Energy management products and services<span class=\"_ _4b\"> </span>Hungary<span class=\"_ _15\"> </span>P<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:618.1839px;\">Centrica Combined Common Investment Fund<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:606.4839px;\">Limited<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:395.30615px; bottom:618.1839px;\">Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:590.8839px;\">Centrica Directors Limited<span class=\"_ _219\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:575.2839px;\">Centrica Distributed Generation Limited<span class=\"_ _22f\"> </span>Power generation<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:559.6839px;\">Centrica Energy (Trading) Limited<span class=\"_ _259\"> </span>In liquidation<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:544.08386px;\">Centrica Energy Limited<span class=\"_ _25a\"> </span>Wholesale energy trading<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:528.4839px;\">Centrica Energy Marketing Limited<span class=\"_ _de\"> </span>Wholesale energy trading<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:512.8839px;\">Centrica Energy Operations Limited<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:158.03316px; bottom:516.3646px;\">(iv)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:395.30615px; bottom:512.8839px;\">Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:497.28387px;\">Centrica Energy Renewable Investments Limited<span class=\"_ _25b\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:481.6839px;\">Centrica Energy Trading A/S<span class=\"_ _1b4\"> </span>Energy services and wholesale energy trading<span class=\"_ _117\"> </span>Denmark<span class=\"_ _83\"> </span>Q<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:466.08386px;\">Centrica Energy Trading GmbH<span class=\"_ _202\"> </span>Energy services and wholesale e<span class=\"_ _1\"></span>nergy trading<span class=\"_ _117\"> </span>Germany<span class=\"_ _15\"> </span>R<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:450.4839px;\">Centrica Energy Trading Pte. Ltd<span class=\"_ _25c\"> </span>Energy services and wholesale energy trading<span class=\"_ _4d\"> </span>Singapore<span class=\"_ _1e0\"> </span>S<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:434.8839px;\">Centrica Engineers Pension Trustees Limited<span class=\"_ _25d\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:419.28387px;\">Centrica Finance (Canada) Limited<span class=\"_ _251\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:403.6839px;\">Centrica Finance (Scotland) Limited<span class=\"_ _1c3\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>T<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:388.0839px;\">Centrica Finance (US) Limited<span class=\"_ _25e\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:372.4839px;\">Centrica Finance Investments Limited<span class=\"_ _25f\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:356.88388px;\">Centrica Finance Norway Limited<span class=\"_ _1f7\"> </span>Dormant<span class=\"_ _f8\"> </span>Jersey<span class=\"_ _83\"> </span>U<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:341.28387px;\">Centrica Gamma Holdings Limited<span class=\"_ _251\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:325.6839px;\">Centrica Hive Limited<span class=\"_ _260\"> </span>Energy management products and services<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:310.0839px;\">Centrica Hive Srl<span class=\"_ _87\"> </span>Energy management products and services<span class=\"_ _1fa\"> </span>Italy<span class=\"_ _15\"> </span>V<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:294.4839px;\">Centrica Ignite GP Limited<span class=\"_ _1cd\"> </span>Inve<span class=\"_ _1\"></span>stment company<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:278.88388px;\">Centrica Ignite LP Limited<span class=\"_ _261\"> </span>Investment company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:263.28387px;\">Centrica India Offshore Private Limited<span class=\"_ _1af\"> </span>Business services<span class=\"_ _f9\"> </span>India<span class=\"_ _178\"> </span>W<span class=\"_ _146\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:247.6839px;\">Centrica Infrastructure Limited</div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:132.5698px; bottom:251.16461px;\"> (iv)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:395.30615px; bottom:247.6839px;\">Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _7\"> </span>T<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:232.0839px;\">Centrica Innovations UK Limited<span class=\"_ _1c3\"> </span>Investment company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:216.48389px;\">Centrica Innovations US, Inc.<span class=\"_ _262\"> </span>Investment company<span class=\"_ _4c\"> </span>United States<span class=\"_ _83\"> </span>H<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:200.88388px;\">Centrica Insurance Company Limited<span class=\"_ _263\"> </span>Insurance provision<span class=\"_ _10d\"> </span>Isle of Man<span class=\"_ _83\"> </span>H<span class=\"_ _1a1\"> </span>Ordinary and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:572.51605px; bottom:189.1839px;\">preference shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:173.5839px;\">Centrica KPS Limited<span class=\"_ _1fd\"> </span>Power generation<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:157.98389px;\">Centrica Lake Limited<span class=\"_ _1ef\"> </span>Holding company<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:142.38388px;\">Centrica Leasing (KL) Limited<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:129.53636px; bottom:145.86462px;\">(iv)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:395.30615px; bottom:142.38388px;\">Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:126.78389px;\">Centrica LNG Company Limited<span class=\"_ _1f2\"> </span>LNG Trading<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:111.18388px;\">Centrica LNG UK Limited<span class=\"_ _264\"> </span>LNG Trading<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:95.58388px;\">Centrica Nederland B.V.<span class=\"_ _183\"> </span>Holding company<span class=\"_ _22\"> </span>Netherlands<span class=\"_ _7\"> </span>J<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:79.98389px;\">Centrica Nigeria Limited<span class=\"_ _265\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:64.38388px;\">Centrica Nominees No.1 Limited<span class=\"_ _266\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:48.78389px;\">Centrica Offshore UK Limited<span class=\"_ _1b4\"> </span>Gas and/or liquid exploration and production<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>F<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:33.183884px;\">Centrica Onshore Processing UK Limited<span class=\"_ _12a\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>F<span class=\"_ _109\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:17.583878px;\">Centrica Overseas Holdings Limited<span class=\"_ _25d\"> </span>Holding c<span class=\"_ _b\"></span>ompany<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:1.9838867px;\">Centrica Pension Plan Trustees Limited<span class=\"_ _3c\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _c7\"> </span>Limited by guarantee<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:2.919365px; bottom:724.09534px;\">S10.  Related undertakings<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:699.0184px;\">31 December 2022<span class=\"_ _24e\"> </span><span class=\"fc12\">Principal activity<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:454.59192px; bottom:708.3784px;\">Country of incorporation/<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:462.9228px; bottom:699.0184px;\">registered address key<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fc12 sc0 ls0 ws0\" style=\"left:550.173px; bottom:701.80304px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:575.7434px; bottom:699.0184px;\">Class of shares held<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:684.4714px;\">Centrica Pension Trustees Limited<span class=\"_ _253\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:668.8714px;\">Centrica Production Limited<span class=\"_ _15d\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>T<span class=\"_ _109\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:653.27136px;\">Centrica Resources (Nigeria) Limited<span class=\"_ _267\"> </span>Non-trading<span class=\"_ _f6\"> </span>Nigeria<span class=\"_ _15\"> </span>X<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:637.6714px;\">Centrica Resources (UK) Limited</div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:141.51198px; bottom:641.1521px;\"> (iv)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:395.30615px; bottom:637.6714px;\">Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:622.0714px;\">Centrica Resources Petroleum UK Limited<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:187.29239px; bottom:625.5521px;\">(iv)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:395.30615px; bottom:622.0714px;\">Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:606.4714px;\">Centrica Secretaries Limited<span class=\"_ _268\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:590.8714px;\">Centrica Services Limited<span class=\"_ _fa\"> </span>Business services<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:575.27136px;\">Centrica Storage Holdings Limited<span class=\"_ _251\"> </span>Holding company<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>F<span class=\"_ _109\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:559.6714px;\">Centrica Storage Limited<span class=\"_ _1ad\"> </span>Gas production and processing<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>F<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:544.0714px;\">Centrica Titan Limited<span class=\"_ _19a\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:528.4714px;\">Centrica Trinidad and Tobago Limited<span class=\"_ _269\"> </span>Business services<span class=\"_ _109\"> </span>Trinidad and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:491.84778px; bottom:516.77136px;\">Tobago<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:540.42737px; bottom:528.4714px;\">Y<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:501.1714px;\">Centrica Trust (No.1) Limited<span class=\"_ _3a\"> </span>Dormant<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:485.5714px;\">Centrica Upstream Investment Limited<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:170.55138px; bottom:489.05212px;\">(iv)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:395.30615px; bottom:485.5714px;\">Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _7\"> </span>T<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:469.97137px;\">Centrica Trading Limited</div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:107.02753px; bottom:473.45215px;\"> (iii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:395.30615px; bottom:469.97137px;\">Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:454.3714px;\">CIU1 Limited</div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:56.789932px; bottom:457.8521px;\"> (iv)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:395.30615px; bottom:454.3714px;\">Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:438.77136px;\">DEML Investments Limited<span class=\"_ _41\"> </span>Holding company<span class=\"_ _57\"> </span>Canada<span class=\"_ _15\"> </span>K<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:423.1714px;\">DER Development No. 10 Ltd.<span class=\"_ _1e1\"> </span>Holding c<span class=\"_ _b\"></span>ompany<span class=\"_ _57\"> </span>Canada<span class=\"_ _1e0\"> </span>K<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:407.5714px;\">Distributed Energy Customer Solutions Limited<span class=\"_ _31\"> </span>Energy management products and services<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:391.97137px;\">Dyno-Rod Limited<span class=\"_ _dd\"> </span>Operation of a franchise network<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:376.3714px;\">ECL Contracts Limited<span class=\"_ _26a\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:360.77136px;\">ECL Investments Limited<span class=\"_ _186\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:345.1714px;\">Electricity Direct (UK) Limited<span class=\"_ _21e\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:329.5714px;\">ENER-G Cogen International Limited<span class=\"_ _223\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:313.97137px;\">ENER-G Nagykanizsa Kft<span class=\"_ _f\"> </span>Energy management products and services<span class=\"_ _4b\"> </span>Hungary<span class=\"_ _1e0\"> </span>P<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:298.3714px;\">ENER-G Power2 Limited<span class=\"_ _252\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:282.7714px;\">ENER-G Rudox, LLC<span class=\"_ _19f\"> </span>Energy management p<span class=\"_ _1\"></span>roducts and services<span class=\"_ _7c\"> </span>United States<span class=\"_ _83\"> </span>H<span class=\"_ _1e0\"> </span>Membership interest<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:267.1714px;\">Energy For Tomorrow<span class=\"_ _26b\"> </span>Not-for-profit energy services<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _c7\"> </span>Limited by guarantee<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:251.57138px;\">GB Gas Holdings Limited<span class=\"_ _23d\"> </span>Holding company<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:235.97137px;\">Generation Green Solar Limited<span class=\"_ _145\"> </span>Dormant community benefit soc<span class=\"_ _1\"></span>iety<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:220.3714px;\">GF One Limited<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:71.41559px; bottom:223.85211px;\">(v)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:377.5418px; bottom:220.3714px;\">In liquidation<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>Z<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:204.7714px;\">GF Two Limited<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:71.41559px; bottom:208.2521px;\">(v)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:377.5418px; bottom:204.7714px;\">In liquidation<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>Z<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:189.17139px;\">Goldbrand Development Limited<span class=\"_ _266\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:173.57138px;\">Home Assistance UK Limited<span class=\"_ _26c\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:157.97137px;\">Neas Energy Limited<span class=\"_ _d6\"> </span>Energy ser<span class=\"_ _1\"></span>vices and wholesale energy trading<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:142.3714px;\">Neas Invest A/S<span class=\"_ _26d\"> </span>Dormant<span class=\"_ _2d\"> </span>Denmark<span class=\"_ _178\"> </span>Q<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:126.77139px;\">North Sea Infrastructure Partners Limited<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:181.65715px; bottom:130.25214px;\">(iv)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:395.30615px; bottom:126.77139px;\">Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _7\"> </span>T<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:111.17139px;\">NSIP (Holdings) Limited<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:105.244965px; bottom:114.65213px;\">(iv)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:395.30615px; bottom:111.17139px;\">Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _7\"> </span>T<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:95.57138px;\">P.H Jones Group Limited<span class=\"_ _26e\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:79.971375px;\">Panoramic Power Ltd.<span class=\"_ _5a\"> </span>Energy management products and services<span class=\"_ _1f9\"> </span>Israel<span class=\"_ _12\"> </span>AA<span class=\"_ _30\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:64.37138px;\">Pioneer Shipping Limited<span class=\"_ _1cd\"> </span>LNG vessel charte<span class=\"_ _b\"></span>ring<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:48.771378px;\">PRP Battery (Dyce) Limited<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:120.572205px; bottom:52.252136px;\">(ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:380.2414px; bottom:48.771378px;\">Non-trading<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:33.171387px;\">Solar Technologies Group Limited<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:151.43799px; bottom:36.65213px;\">(iv)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:395.30615px; bottom:33.171387px;\">Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:17.57138px;\">South Energy Investments, LLC<span class=\"_ _1a4\"> </span>Investment company<span class=\"_ _4c\"> </span>United States<span class=\"_ _12\"> </span>AB<span class=\"_ _107\"> </span>Membership interest<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:1.9713898px;\">Vista Solar, Inc.<span class=\"_ _23d\"> </span>Distributed Energy &amp; Power<span class=\"_ _13f\"> </span>United States<span class=\"_ _12\"> </span>AC<span class=\"_ _7c\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:552.7001px;\">S10.<span class=\"_ _13e\"> </span>Related undertakings<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:532.47205px;\">Investments held indirectly by Centrica plc with 69% voting rights<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:507.8631px;\">31 December 2022<span class=\"_ _1a9\"> </span><span class=\"fc12\">Principal activity<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:457.15247px; bottom:517.2231px;\">Country of incorporation/<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:465.8534px; bottom:507.8631px;\">registered address key<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fc12 sc0 ls0 ws0\" style=\"left:552.4134px; bottom:510.6477px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:574.04535px; bottom:507.8631px;\">Class of shares held<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:493.3161px;\">Spirit Norway Holdings AS<span class=\"_ _26c\"> </span>Dormant<span class=\"_ _eb\"> </span>Norway<span class=\"_ _1df\"> </span>AD<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:477.71606px;\">Spirit Energy Nederland B.V.<span class=\"_ _26f\"> </span>Gas and/or liquid exploration and production<span class=\"_ _1ec\"> </span>Netherlands<span class=\"_ _178\"> </span>AE<span class=\"_ _10f\"> </span>Ordinary Shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:462.1161px;\">Spirit Energy Norway AS<span class=\"_ _bf\"> </span>Gas and/or liquid exploration and production<span class=\"_ _eb\"> </span>Norway<span class=\"_ _178\"> </span>AF<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:446.51605px;\">Spirit Infrastructure B.V.<span class=\"_ _1a\"> </span>Construction, ownership and exploitation of<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:363.66287px; bottom:434.8161px;\">infrastructure<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:477.6211px; bottom:446.51605px;\">Netherlands<span class=\"_ _ed\"> </span>AE<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:419.21606px;\">Bowland Resources (No.2) Limited<span class=\"_ _eb\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG<span class=\"_ _7b\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:403.6161px;\">Spirit Energy Hedging Holding Limited<span class=\"_ _270\"> </span>Dormant<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG <span class=\"_ _e5\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:388.01605px;\">Spirit Energy Hedging Limited<span class=\"_ _266\"> </span>Dorm<span class=\"_ _1\"></span>ant<span class=\"_ _48\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:372.41608px;\">Bowland Resources Limited<span class=\"_ _ef\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _107\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:356.8161px;\">Elswick Energy Limited<span class=\"_ _271\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _107\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:341.21606px;\">Spirit Energy Limited<span class=\"_ _266\"> </span>Holding company<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG<span class=\"_ _a0\"> </span>Ordinary and<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:580.3853px; bottom:329.51605px;\">deferred shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:313.91608px;\">Spirit Energy North Sea Limited<span class=\"_ _92\"> </span>Gas and/or liquid exploration and p<span class=\"_ _1\"></span>roduction<span class=\"_ _48\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG<span class=\"_ _7b\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:298.3161px;\">Spirit Energy North Sea Oil Limited<span class=\"_ _203\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _c7\"> </span>AH<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:282.71606px;\">Spirit Energy Production UK Limited<span class=\"_ _246\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:267.1161px;\">Spirit Energy Resources Limited<span class=\"_ _272\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _107\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:251.51605px;\">Spirit Energy Southern North Sea Limited<span class=\"_ _4d\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _107\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:235.91608px;\">Spirit Energy Treasury Limited<span class=\"_ _3d\"> </span>Finance company<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:220.3161px;\">Spirit Europe Limited<span class=\"_ _254\"> </span>Holding company<span class=\"_ _48\"> </span>United Kingdom<span class=\"_ _107\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:204.71606px;\">Spirit North Sea Gas Limited<span class=\"_ _26f\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _113\"> </span>AH<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:189.11609px;\">Spirit Norway Limited<span class=\"_ _273\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _107\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:173.51605px;\">Spirit Production (Services) Limited<span class=\"_ _269\"> </span>Business services<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _c7\"> </span>AH<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:157.91608px;\">Spirit Resources (Armada) Limited<span class=\"_ _e3\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:138.20807px;\">(i)<span class=\"_ _1b7\"> </span>For list of registered addresses, refer to note S10(d).<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:126.11807px;\">(ii)<span class=\"_ _147\"> </span>Incorporated or acquired in 2022.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:114.02811px;\">(iii)<span class=\"_ _141\"> </span>The following name changes were made during the year:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:10.344963px; bottom:100.0921px;\">\u2013<span class=\"_ _132\"> </span><span class=\"ff6b fs1e\">Centrica Trading Limited to CH4 Energy Limited<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:10.344963px; bottom:84.88208px;\">\u2013<span class=\"_ _132\"> </span><span class=\"ff6b fs1e\">CH4 Energy Limited to Centrica Trading Limited<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:10.344963px; bottom:69.67206px;\">\u2013<span class=\"_ _132\"> </span><span class=\"ff6b fs1e\">British Gas Limited to British Gas Energy Procurement Limited<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:10.344963px; bottom:54.462067px;\">\u2013<span class=\"_ _132\"> </span><span class=\"ff6b fs1e\">British Gas Energy Procurement Limited to British Gas Limited<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:10.344963px; bottom:39.252136px;\">\u2013<span class=\"_ _132\"> </span><span class=\"ff6b fs1e\">Pennings Power Limited to CBS Solar Assets UK Limited<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:25.888092px;\">(iv)<span class=\"_ _8a\"> </span>Active proposal to strike off.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:13.798096px;\">(v)<span class=\"_ _14\"> </span>GF One Limited and GF Two Limited are 75% indirectly owned by Centrica plc.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:1.7080994px;\">(vi)<span class=\"_ _8a\"> </span>Centrica Brigg Limited change of name to CBS Energy Storage Assets UK Limited as of 15 February 2023.<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:620.42896px;\">S10.<span class=\"_ _13e\"> </span>Related undertakings<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:595.027px;\">(b)<span class=\"_ _e2\"> </span>Subsidiary undertakings \u2013 partnerships held indirectly by Centrica plc with 100% voting rights<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:563.82697px;\">31 December 2022<span class=\"_ _186\"> </span><span class=\"fc12\">Prin<span class=\"_ _1\"></span>cipal activity<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:448.0607px; bottom:573.187px;\">Country of incorporation/<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:455.7077px; bottom:563.82697px;\">registered address key<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fc12 sc0 ls0 ws0\" style=\"left:542.91077px; bottom:566.61163px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:580.3853px; bottom:563.82697px;\">Class of shares held<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:548.78595px;\">CF 2016 LLP<span class=\"_ _40\"> </span>Group financing<span class=\"_ _104\"> </span>United Kingdom<span class=\"_ _12\"> </span>A<span class=\"_ _ee\"> </span>Membership interest<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:533.186px;\">CFCEPS LLP<span class=\"_ _173\"> </span>Group financing<span class=\"_ _104\"> </span>United Kingdom<span class=\"_ _12\"> </span>A<span class=\"_ _ee\"> </span>Membership interest<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:517.58594px;\">CFCPP LLP<span class=\"_ _1b\"> </span>Group financing<span class=\"_ _104\"> </span>United Kingdom<span class=\"_ _12\"> </span>A<span class=\"_ _ee\"> </span>Membership interest<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:501.98596px;\">Direct Energy Resources Partnership<span class=\"_ _274\"> </span>Holding entity<span class=\"_ _fd\"> </span>Canada<span class=\"_ _a9\"> </span>AI<span class=\"_ _7b\"> </span>Membership interest<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:486.386px;\">Finance Scotland 2016 Limited Partnership<span class=\"_ _275\"> </span>Group financing<span class=\"_ _104\"> </span>United Kingdom<span class=\"_ _12\"> </span>T<span class=\"_ _13\"> </span>Membership interest<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:470.78595px;\">Finance Scotland CEPS Limited Partnership<span class=\"_ _20\"> </span>Group financing<span class=\"_ _b4\"> </span>United Kingdom<span class=\"_ _107\"> </span>T<span class=\"_ _13\"> </span>Membership interest<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:455.18597px;\">Finance Scotland CPP Limited Partnership<span class=\"_ _222\"> </span>Group financing<span class=\"_ _b4\"> </span>United Kingdom<span class=\"_ _107\"> </span>T<span class=\"_ _13\"> </span>Membership interest<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:439.58594px;\">Ignite Social Enterprise LP<span class=\"_ _94\"> </span>Social enterprise investm<span class=\"_ _b\"></span>ent fund<span class=\"_ _104\"> </span>United Kingdom<span class=\"_ _12\"> </span>A<span class=\"_ _ee\"> </span>Membership interest<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:422.32202px;\">(i)<span class=\"_ _1b7\"> </span>For list of registered addresses, refer to note S10(d).<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:398.636px;\">The following partnerships are fully consolidated into the Group Financial Statements and the Group has taken advantage of the<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:385.37598px;\">exemption (as confirmed by regulation 7 of the Partnerships (Accounts) Regulations 2008) not to prepare or file separate accounts for<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:372.11597px;\">these entities:<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:354.956px;\">\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Finance Scotland 2016 Limited Partnership;<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 h24 ff65 fs1b fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:341.69598px;\">\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Finance Scotland CEPS Limited Partnership;<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 h24 ff65 fs1b fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:328.43597px;\">\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Finance Scotland CPP Limited Partnership; and<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 h24 ff65 fs1b fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:315.17596px;\">\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Ignite Social Enterprise LP.<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:292.36096px;\">(c) <span class=\"_ _1c\"> </span>Joint arrangements and associates<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:239.86694px;\">31 December 2022<span class=\"_ _276\"> </span><span class=\"fc12\">Principal activity<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:391.72037px; bottom:249.22699px;\">Country of incorporation/<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:400.34497px; bottom:239.86694px;\">registered address key<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fc12 sc0 ls0 ws0\" style=\"left:487.37256px; bottom:242.65155px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:527.03516px; bottom:239.86694px;\">Class of shares held<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:623.86304px; bottom:267.94696px;\">Indirect<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:623.86304px; bottom:258.58698px;\">interest<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:611.8901px; bottom:249.22699px;\">and voting<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:615.1441px; bottom:239.86694px;\">rights (%)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:225.31995px;\">Joint ventures<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hde ff66 fs63 fca sc0 ls0 ws0\" style=\"left:68.78738px; bottom:228.80072px;\">(ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:209.71997px;\">Allegheny Solar 1, LLC<span class=\"_ _277\"> </span>Energy supply and/or services<span class=\"_ _51\"> </span>United States<span class=\"_ _1e3\"> </span>AJ<span class=\"_ _ee\"> </span>Membership interest<span class=\"_ _e2\"> </span>40.0%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:194.11996px;\">C2 Centrica MT, LLC<span class=\"_ _cc\"> </span>Energy supply and/or services<span class=\"_ _51\"> </span>United States<span class=\"_ _ab\"> </span>AK<span class=\"_ _61\"> </span>Membership interest<span class=\"_ _e2\"> </span>50.0%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:178.51996px;\">Eurowind Polska VI Sp z.o.o.<span class=\"_ _fe\"> </span>Operation of an onshore windfarm<span class=\"_ _1ea\"> </span>Poland<span class=\"_ _1e3\"> </span>AL<span class=\"_ _bc\"> </span>Ordinary shares<span class=\"_ _10f\"> </span>50.0%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:162.91995px;\">Greener Ideas Limited<span class=\"_ _5c\"> </span>Development of flexible power generation<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:344.41663px; bottom:151.21997px;\">sites<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:384.92422px; bottom:162.91995px;\">Republic of Ireland<span class=\"_ _12\"> </span>B<span class=\"_ _4d\"> </span>Ordinary shares<span class=\"_ _10f\"> </span>50.0%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:135.61996px;\">Three Rivers Solar 1, LLC<span class=\"_ _118\"> </span>Energy supply and/or services<span class=\"_ _51\"> </span>United States<span class=\"_ _1db\"> </span>AJ<span class=\"_ _ee\"> </span>Membership interest<span class=\"_ _e2\"> </span>40.0%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:120.01996px;\">Three Rivers Solar 2, LLC<span class=\"_ _118\"> </span>Energy supply and/or services<span class=\"_ _51\"> </span>United States<span class=\"_ _1db\"> </span>AJ<span class=\"_ _ee\"> </span>Membership interest<span class=\"_ _e2\"> </span>40.0%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:104.41995px;\">Three Rivers Solar 3, LLC<span class=\"_ _118\"> </span>Energy supply and/or services<span class=\"_ _51\"> </span>United States<span class=\"_ _1db\"> </span>AJ<span class=\"_ _ee\"> </span>Membership interest<span class=\"_ _e2\"> </span>40.0%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:88.81998px;\">Vindpark Keblowo ApS<span class=\"_ _64\"> </span>Operation of an onshore windfarm<span class=\"_ _f8\"> </span>Denm<span class=\"_ _1\"></span>ark<span class=\"_ _1b7\"> </span>AM<span class=\"_ _55\"> </span>Ordinary shares<span class=\"_ _10f\"> </span>50.0%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:73.21997px;\">Associates<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hde ff66 fs63 fca sc0 ls0 ws0\" style=\"left:54.43524px; bottom:76.700714px;\">(ii)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:57.619965px;\">Lake Acquisitions Limited<span class=\"_ _278\"> </span>Holding company<span class=\"_ _68\"> </span>United Kingdom<span class=\"_ _ab\"> </span>AN<span class=\"_ _51\"> </span>Ordinary shares<span class=\"_ _10f\"> </span>20.0%<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:37.911987px;\">(i)<span class=\"_ _1b7\"> </span>For list of registered addresses, refer to note S10(d).<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:25.82193px;\">(ii)<span class=\"_ _147\"> </span>Further information on the principal joint ventures and associate investments held by the Group is disclosed in notes 6 and 14.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:2.1359558px;\">All Group companies principally operate within their country of incorporation unless noted otherwise.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:700.9657px;\">S10.<span class=\"_ _13e\"> </span>Related undertakings<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:675.5637px;\">(d)<span class=\"_ _e2\"> </span> List of registered addresses<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:653.72375px;\">Registered<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:644.3637px;\">address key<span class=\"_ _e5\"> </span>Address<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:629.3227px;\">A<span class=\"_ _c4\"> </span>Millstream, Maidenhead Road, Windsor, SL4 5GD, United Kingdom<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:613.7227px;\">B<span class=\"_ _25\"> </span>1 Warrington Place, Dublin 2, Republic of Ireland<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:598.1227px;\">C<span class=\"_ _1bc\"> </span>Level 54, Hopewell Centre, 183 Queens Road East, Hong Kong<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:582.5227px;\">D<span class=\"_ _25\"> </span>Thomas-Wimmer-Ring 1-3, 80539, Munich, Germany<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:566.9227px;\">E<span class=\"_ _c4\"> </span>2 Wisconsin Circle #700, Chevy Chase, MD 20815, United States<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:551.3227px;\">F<span class=\"_ _b2\"> </span>Woodland House, Woodland Park, Hessle, HU13 0FA, United Kingdom<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:535.7227px;\">G<span class=\"_ _1bc\"> </span>Roderveldlaan 2 bus 2, 2600 Antwerp, Belgium<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:520.1227px;\">H<span class=\"_ _1bc\"> </span>3411 Silverside Road, Suite 104, Tatnall Building. Wilmington, DE 19810, United States<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:504.5227px;\">I<span class=\"_ _6b\"> </span>3411 Silverside Road, Rodney Building #104, Wilmington, DE 19810, United States<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:488.92273px;\">J<span class=\"_ _6e\"> </span>Wiegerbruinlaan 2A, 1422 CB Uithoorn, Netherlands<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:473.3227px;\">K<span class=\"_ _25\"> </span>550 Burrard Street, Suite 2900, Vancouver BC V6C 0A3, Canada<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:457.72272px;\">L<span class=\"_ _b2\"> </span>Neuer Wall 10, 20354 Hamburg, Germany<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:442.12268px;\">M<span class=\"_ _76\"> </span>60 Avenue Charles de Gaulle, Cs 60016, 92573, Neuilly sur Seine Cedex, France<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:426.5227px;\">N<span class=\"_ _1bc\"> </span>Milan (MI), Via Emilio Cornalia 26, Italy<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:410.92273px;\">O<span class=\"_ _1bc\"> </span>Strada Martir Colonel loan U\u0163\u0103 nr.28 camera 1, Municipiul Timisoara judet Tim<span class=\"_ _b\"></span>is, Romania<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:395.3227px;\">P<span class=\"_ _c4\"> </span>H-1106 Budapest J\u00e1szber\u00e9nyi \u00fat 24-36, Hungary<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:379.72272px;\">Q<span class=\"_ _1bc\"> </span>Skelagervej 1, 9000 Aalborg, Denmark<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:364.12268px;\">R<span class=\"_ _25\"> </span>Esplanade 40, 20354 Hamburg, Germany</div><div class=\"t m0 hdd ff6b fs63 fcf sc0 ls0 ws0\" style=\"left:245.52069px; bottom:367.60345px;\"> (i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:348.5227px;\">S<span class=\"_ _c4\"> </span>220 Orchard Road, #05-01 Midpoint Orchard, Singapore 238852, R<span class=\"_ _1\"></span>epublic of Singapore<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:332.92273px;\">T<span class=\"_ _b2\"> </span>1 Waterfront Avenue, Edinburgh, Scotland, EH5 1SG, United Kingdom<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:317.3227px;\">U<span class=\"_ _1bc\"> </span>47 Esplanade, St Helier, JE1 0BD, Jersey, Channel Islands<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:301.72272px;\">V<span class=\"_ _c4\"> </span>Via Paleocapa Pietro 4, 20121, Milano, Italy<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:286.1227px;\">W<span class=\"_ _1ec\"> </span>G-74, LGF, Kalkaji, New Delhi, South Delhi, 110019, India<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:270.5227px;\">X<span class=\"_ _c4\"> </span>Sterling Towers, 20 Marina, Lagos, Nigeria<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:254.9227px;\">Y<span class=\"_ _c4\"> </span>48-50 Sackville Street, Port of Spain, Trinidad and Tobago<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:239.3227px;\">Z<span class=\"_ _c4\"> </span>1 More London Place, London, SE1 2AF, United Kingdom<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:223.72272px;\">AA<span class=\"_ _2d\"> </span>15 Atir Yeda Street, Kfar Saba, 44643, Israel<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:208.12271px;\">AB<span class=\"_ _2d\"> </span>6 Landmark Square, 4th floor, Stamfor<span class=\"_ _1\"></span>d CT 06901, United States<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:192.5227px;\">AC<span class=\"_ _117\"> </span>4640 Admiralty Way, 5th floor, Marina del Rey, California 90292, United States<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:176.9227px;\">AD<span class=\"_ _117\"> </span>Lilleakerveien 8, 0283 Oslo, Norway<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:161.3227px;\">AE<span class=\"_ _72\"> </span>Transpolis Building, Polarisavenue 39, 2132 JH Hoofddorp, Netherlands<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:145.72272px;\">AF<span class=\"_ _f7\"> </span>Veritasvien 29, 4007 Stavange<span class=\"_ _1\"></span>r, Norway<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:130.12271px;\">AG<span class=\"_ _53\"> </span>1st floor, 20 Kingston Road, Staines-upon-Thames, TW18 4LG, United Kingdom<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:114.522705px;\">AH<span class=\"_ _117\"> </span>5th floor, IQ Building, 15 Justice Mill Lane, Aberdeen, AB11 6EQ, United Kingdom<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:98.9227px;\">AI<span class=\"_ _f1\"> </span>350 7th Avenue SW, Suite 3400, Calgary AB T2P 3N9, Canada<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:83.32269px;\">AJ<span class=\"_ _f7\"> </span>1209 Orange Street, Wilmington, New Castle County, DE 19801, United States<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:67.72272px;\">AK<span class=\"_ _2d\"> </span>850 New Burton Road, Suite 201, Dover, DE 19904, United States<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:52.12271px;\">AL<span class=\"_ _f7\"> </span>Ul. Wysogotowska 23, 62-081 Przezmierowo, Wielkpolskie, Poland<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:36.522705px;\">AM<span class=\"_ _b5\"> </span>Mariagervej 58B, DK 9500 Hobro, Denmark<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:20.922714px;\">AN<span class=\"_ _117\"> </span>90 Whitfield Street, London, W1T 4EZ, United Kingdom<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:1.708664px;\">(i)<span class=\"_ _1b7\"> </span>Centrica Energy Trading GmbH changed its registered address during the year from Gustav-Mahler-Platz 1, 20354 Hamburg, Germany to the address listed above.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcb ff66 fs4 fce sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:531.1516px;\">S10.<span class=\"_ _13e\"> </span>Related undertakings<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcc ff66 fs25 fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:512.24963px;\">(e)<span class=\"_ _10f\"> </span>Summarised financial information<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:492.39862px;\">Management has determined that the investment in Lake Acquisitions Limited<span class=\"_ _1\"></span> is sufficiently material to warrant further disclosure on an<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:479.13867px;\">individual basis. Accordingly, the Group presents summarised financial information, along with reconciliations to the amounts included in<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 h24 ff65 fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:465.7226px;\">the consolidated Group Financial Statements, for this investee<span class=\"_ _1\"></span><span class=\"ff6d\">.<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hcf ff66 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:448.71863px;\">Lake Acquisitions Limited<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h27 ff67 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:435.45862px;\">Summarised statement of total comprehensive income<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:302.49176px; bottom:419.62463px;\">2022<span class=\"_ _16c\"> </span><span class=\"ff6b\">2021<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:368.92462px;\">Year ended 31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:212.83087px; bottom:406.36462px;\">Associate<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:206.95541px; bottom:397.00458px;\">information<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:208.74576px; bottom:387.64465px;\">reported to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:226.86737px; bottom:378.28455px;\">Group<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:237.75409px; bottom:368.92462px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:262.51428px; bottom:387.64465px;\">Unadjusted<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:265.25522px; bottom:378.28455px;\">20% share<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:293.70038px; bottom:368.92462px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:331.6778px; bottom:397.00458px;\">Fair value<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:331.6778px; bottom:387.64465px;\">and other<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:321.0247px; bottom:378.28455px;\">adjustments<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:355.43387px; bottom:368.92462px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:400.34497px; bottom:387.64465px;\">Group</div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:400.34497px; bottom:378.28455px;\"> share<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:410.75302px; bottom:368.92462px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:450.91403px; bottom:406.36462px;\">Associate<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:445.67038px; bottom:397.00458px;\">information<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:445.67038px; bottom:387.64465px;\">reported to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:462.9228px; bottom:378.28455px;\">Group<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:474.55505px; bottom:368.92462px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:500.05884px; bottom:387.64465px;\">Unadjusted<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:502.20728px; bottom:378.28455px;\">20% share<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:529.7446px; bottom:368.92462px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:562.8763px; bottom:397.00458px;\">Fair value<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:562.8763px; bottom:387.64465px;\">and other<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:553.69727px; bottom:378.28455px;\">adjustments<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:584.9897px; bottom:368.92462px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:629.6429px; bottom:387.64465px;\">Group</div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:629.6429px; bottom:378.28455px;\"> share<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:368.92462px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:353.8836px;\">Revenue<span class=\"_ _138\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _10f\"> </span>2,960 <span class=\"_ _9e\"> </span> <span class=\"_ _17b\"> </span>592 <span class=\"_ _9e\"> </span> <span class=\"_ _9a\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _54\"> </span>592 <span class=\"_ _167\"> </span></span> <span class=\"_ _75\"> </span>1,661 <span class=\"_ _8a\"> </span> <span class=\"_ _82\"> </span>332 <span class=\"_ _8a\"> </span> <span class=\"_ _104\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _82\"> </span>332<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:338.28363px;\">Operating profit/(loss) before<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:326.58362px;\">interest and tax<span class=\"_ _f\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _17b\"> </span>737 <span class=\"_ _141\"> </span> <span class=\"_ _54\"> </span>147 <span class=\"_ _141\"> </span> <span class=\"_ _f4\"> </span>(26) <span class=\"_ _106\"> </span> <span class=\"_ _17b\"> </span>121 <span class=\"_ _167\"> </span></span> <span class=\"_ _18\"> </span>(1,106) <span class=\"_ _8f\"> </span> <span class=\"_ _4a\"> </span>(221) <span class=\"_ _8f\"> </span> <span class=\"_ _a0\"> </span>97 <span class=\"_ _8a\"> </span> <span class=\"_ _e4\"> </span>(124)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:295.3836px;\">Profit/(loss) for the year<span class=\"_ _d7\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _17b\"> </span>542 <span class=\"_ _141\"> </span> <span class=\"_ _54\"> </span>108 <span class=\"_ _141\"> </span> <span class=\"_ _f4\"> </span>(15) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>93 <span class=\"_ _167\"> </span></span> <span class=\"_ _e4\"> </span>(889) <span class=\"_ _106\"> </span> <span class=\"_ _e4\"> </span>(178) <span class=\"_ _106\"> </span> <span class=\"_ _a0\"> </span>75 <span class=\"_ _8e\"> </span> <span class=\"_ _4a\"> </span>(103)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:279.78363px;\">Other comprehensive (loss)/income<span class=\"_ _4d\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _74\"> </span>(1,467) <span class=\"_ _106\"> </span> <span class=\"_ _14d\"> </span>(293) <span class=\"_ _106\"> </span> <span class=\"_ _2a\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _b9\"> </span>(293) <span class=\"_ _1b7\"> </span></span> <span class=\"_ _82\"> </span>760 <span class=\"_ _8a\"> </span> <span class=\"_ _82\"> </span>152 <span class=\"_ _8a\"> </span> <span class=\"_ _104\"> </span>\u2014 <span class=\"_ _8a\"> </span> <span class=\"_ _82\"> </span>152<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:264.1836px;\">Total comprehensive (loss)/income<span class=\"_ _5d\"> </span><span class=\"fc12\"> <span class=\"_ _b9\"> </span>(925) <span class=\"_ _106\"> </span> <span class=\"_ _b9\"> </span>(185) <span class=\"_ _106\"> </span> <span class=\"_ _8\"> </span>(15) <span class=\"_ _106\"> </span> <span class=\"_ _b9\"> </span>(200) <span class=\"_ _1b7\"> </span><span class=\"ff6b fcf\"> <span class=\"_ _e4\"> </span>(129) <span class=\"_ _106\"> </span> <span class=\"_ _7c\"> </span>(26) <span class=\"_ _106\"> </span> <span class=\"_ _146\"> </span>75 <span class=\"_ _8a\"> </span> <span class=\"_ _a0\"> </span>49<span class=\"_ _2b7\"> </span></span></span><span class=\"fc12\"><span class=\"ff6b fcf\"> </span></span></div><div class=\"t m0 h27 ff67 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:237.27362px;\">Summarised balance sheet<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:302.49176px; bottom:221.43964px;\">2022<span class=\"_ _16c\"> </span><span class=\"ff6b fcf\">2021<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:170.73962px;\">31 December<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:212.83087px; bottom:208.17963px;\">Associate<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:206.95541px; bottom:198.81964px;\">information<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:208.74576px; bottom:189.4596px;\">reported to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:226.86737px; bottom:180.09961px;\">Group<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:237.75409px; bottom:170.73962px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:262.51428px; bottom:189.4596px;\">Unadjusted<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:265.25522px; bottom:180.09961px;\">20% share<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:293.70038px; bottom:170.73962px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:331.6778px; bottom:198.81964px;\">Fair value<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:331.6778px; bottom:189.4596px;\">and other<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:313.812px; bottom:180.09961px;\">adjustments<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 heb ff66 fs64 fc12 sc0 ls0 ws0\" style=\"left:362.65237px; bottom:182.88422px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:355.43387px; bottom:170.73962px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:400.34497px; bottom:189.4596px;\">Group</div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:400.34497px; bottom:180.09961px;\"> share<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fc12 sc0 ls0 ws0\" style=\"left:410.75302px; bottom:170.73962px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:450.91403px; bottom:208.17963px;\">Associate<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:445.67038px; bottom:198.81964px;\">information<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:445.67038px; bottom:189.4596px;\">reported to<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:462.9228px; bottom:180.09961px;\">Group<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:474.55505px; bottom:170.73962px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:500.05884px; bottom:189.4596px;\">Unadjusted<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:502.20728px; bottom:180.09961px;\">20% share<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:529.7446px; bottom:170.73962px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:562.8763px; bottom:198.81964px;\">Fair value<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:562.8763px; bottom:189.4596px;\">and other<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:547.4924px; bottom:180.09961px;\">adjustments<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hed ff6b fs64 fcf sc0 ls0 ws0\" style=\"left:591.4702px; bottom:182.88422px;\">(i)<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:584.9897px; bottom:170.73962px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:629.6429px; bottom:189.4596px;\">Group</div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:629.6429px; bottom:180.09961px;\"> share<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hdb ff6b fs5 fcf sc0 ls0 ws0\" style=\"left:641.1952px; bottom:170.73962px;\">\u00a3m<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:155.69861px;\">Non-current assets<span class=\"_ _a3\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _15\"> </span>17,121 <span class=\"_ _141\"> </span> <span class=\"_ _75\"> </span>3,424 <span class=\"_ _8a\"> </span> <span class=\"_ _a0\"> </span>751 <span class=\"_ _141\"> </span> <span class=\"_ _75\"> </span>4,175 <span class=\"_ _a9\"> </span></span> <span class=\"_ _7\"> </span>21,054 <span class=\"_ _8a\"> </span> <span class=\"_ _b7\"> </span>4,211 <span class=\"_ _8e\"> </span> <span class=\"_ _82\"> </span>898 <span class=\"_ _8a\"> </span> <span class=\"_ _b7\"> </span>5,109<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:140.09863px;\">Current assets<span class=\"_ _180\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _75\"> </span>4,212 <span class=\"_ _141\"> </span> <span class=\"_ _54\"> </span>842 <span class=\"_ _141\"> </span> <span class=\"_ _9a\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _17b\"> </span>842 <span class=\"_ _167\"> </span></span> <span class=\"_ _b7\"> </span>3,527 <span class=\"_ _8a\"> </span> <span class=\"_ _54\"> </span>705 <span class=\"_ _8a\"> </span> <span class=\"_ _b4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _54\"> </span>705<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:124.4986px;\">Current liabilities<span class=\"_ _d9\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _74\"> </span>(1,742) <span class=\"_ _8f\"> </span> <span class=\"_ _b9\"> </span>(348) <span class=\"_ _106\"> </span> <span class=\"_ _9a\"> </span>\u2014 <span class=\"_ _9e\"> </span> <span class=\"_ _14d\"> </span>(348) <span class=\"_ _ab\"> </span></span> <span class=\"_ _17a\"> </span>(1,791) <span class=\"_ _106\"> </span> <span class=\"_ _e4\"> </span>(358) <span class=\"_ _106\"> </span> <span class=\"_ _b4\"> </span>\u2014 <span class=\"_ _141\"> </span> <span class=\"_ _e4\"> </span>(358)<span class=\"_ _2b7\"> </span> </div><div class=\"t m0 hcd ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:108.89862px;\">Non-current liabilities<span class=\"_ _279\"> </span><span class=\"ff66 fc12\"> <span class=\"_ _113\"> </span>(12,405) <span class=\"_ _106\"> </span> <span class=\"_ _74\"> </span>(2,481) <span class=\"_ _8f\"> </span> <span class=\"_ _4c\"> </span>(131) <span class=\"_ _106\"> </span> <span class=\"_ _74\"> </span>(2,612) <span class=\"_ _1b7\"> </span></span> <span class=\"_ _1df\"> </span>(14,379) <span class=\"_ _106\"> </span> <span class=\"_ _18\"> </span>(2,876) <span class=\"_ _8f\"> </span> <span class=\"_ _e4\"> </span>(263) <span class=\"_ _106\"> </span> <span class=\"_ _18\"> </span>(3,139<span class=\"_ _2b7\"> </span>) </div><div class=\"t m0 hcd ff66 fs1d fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:93.298615px;\">Net assets<span class=\"_ _210\"> </span><span class=\"fc12\"> <span class=\"_ _75\"> </span>7,186 <span class=\"_ _8a\"> </span> <span class=\"_ _75\"> </span>1,437 <span class=\"_ _141\"> </span> <span class=\"_ _a0\"> </span>620 <span class=\"_ _8a\"> </span> <span class=\"_ _75\"> </span>2,057 <span class=\"_ _167\"> </span><span class=\"ff6b fcf\"> <span class=\"_ _75\"> </span>8,411 <span class=\"_ _8a\"> </span> <span class=\"_ _b7\"> </span>1,682 <span class=\"_ _8e\"> </span> <span class=\"_ _82\"> </span>635 <span class=\"_ _8a\"> </span> <span class=\"_ _b7\"> </span>2,317<span class=\"_ _2b7\"> </span></span></span><span class=\"fc12\"><span class=\"ff6b fcf\"> </span></span></div><div class=\"t m0 hdf ff6b fs1e fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:76.03461px;\">(i)<span class=\"_ _1b7\"> </span>Before cumulative impairments of \u00a3497 million (2021: \u00a3692 million) of the Group\u2019s associate investment.<span class=\"_ _2b7\"> </span></div><div class=\"t m0 h24 ff6d fs1b fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:52.192627px;\">D<span class=\"ff65\">uring the year, dividends of \u00a360 million (2021: \u00a31 million<span class=\"_ _1\"></span>) were paid by the associate to the Group.<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 h27 ff67 fs1b fca sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:32.848602px;\">Joint operations - fields/assets<span class=\"_ _2b7\"> </span></div><div class=\"t m0 hda ff66 fs5 fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:17.014618px;\">31 December 2022<span class=\"_ _198\"> </span><span class=\"fc12\">Location<span class=\"_ _187\"> </span>Percentage holding<span class=\"_ _2b7\"> </span></span></div><div class=\"t m0 hdc ff6b fs1d fcf sc0 ls0 ws0\" style=\"left:0.010356903px; bottom:1.9736023px;\">Cygnus<span class=\"_ _27a\"> </span>UK North Sea<span class=\"_ _25c\"> </span> <span class=\"_ _4\"></span>61%<span class=\"_ _2b7\"> </span> </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCompositionOfGroupExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-546": {
   "value": "(a)<span class=\"_ _10f\"> </span>Subsidiary undertakings<span class=\"_ _2b7\"> </span>Investments held directly by Centrica plc with 100% voting rights<span class=\"_ _2b7\"> </span>31 December 2022<span class=\"_ _24e\"> </span><span class=\"fc12\">Principal activity<span class=\"_ _2b7\"> </span></span>Country of incorporation/<span class=\"_ _2b7\"> </span>registered address key<span class=\"_ _2b7\"> </span> (i)<span class=\"_ _2b7\"> </span>Class of shares held<span class=\"_ _2b7\"> </span>Centrica Beta Holdings Limited<span class=\"_ _d1\"> </span>Holding company<span class=\"_ _b7\"> </span>United Kingdom<span class=\"_ _178\"> </span>A<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Holdings Limited<span class=\"_ _24f\"> </span>Holding company<span class=\"_ _b7\"> </span>United Kingdom<span class=\"_ _178\"> </span>A<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Ireland Holdings Limited (ii)<span class=\"_ _2b7\"> </span>Holding company<span class=\"_ _11c\"> </span>Republic of Ireland<span class=\"_ _83\"> </span>B<span class=\"_ _a0\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>CH4 Energy Limited (iii)<span class=\"_ _2b7\"> </span>Dormant <span class=\"_ _17a\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _a0\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Rhodes Holdings HK Limited<span class=\"_ _232\"> </span>Non-trading<span class=\"_ _51\"> </span>Hong Kong<span class=\"_ _178\"> </span>C<span class=\"_ _a0\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Investments held indirectly by Centrica plc with 100% voting rights<span class=\"_ _2b7\"> </span>31 December 2022<span class=\"_ _24e\"> </span><span class=\"fc12\">Principal activity<span class=\"_ _2b7\"> </span></span>Country of incorporation/<span class=\"_ _2b7\"> </span>registered address key<span class=\"_ _2b7\"> </span> (i)<span class=\"_ _2b7\"> </span>Class of shares held<span class=\"_ _2b7\"> </span>Accord Energy (Trading) Limited<span class=\"_ _250\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Alertme.com GmbH<span class=\"_ _1a9\"> </span>In liquidation<span class=\"_ _117\"> </span>Germany<span class=\"_ _83\"> </span>D<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Astrum Solar, Inc.<span class=\"_ _251\"> </span>Home and/or commercial services<span class=\"_ _13f\"> </span>United States<span class=\"_ _15\"> </span>E<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Bord G\u00e1is Energy Limited<span class=\"_ _60\"> </span>Energy supply and power generation<span class=\"_ _1e3\"> </span>Republic of Ireland<span class=\"_ _1e0\"> </span>B<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Bord G\u00e1is Energy Trustees DAC<span class=\"_ _d5\"> </span>Pension trustee company<span class=\"_ _1e3\"> </span>Republic of Ireland<span class=\"_ _1e0\"> </span>B<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>British Gas Energy Procurement Limited<span class=\"_ _2b7\"> </span> (iii) (iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>British Gas Finance Limited<span class=\"_ _252\"> </span>Vehicle leasing<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>British Gas Insurance Limited<span class=\"_ _d1\"> </span>Insurance provision<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>British Gas Limited (iii)<span class=\"_ _2b7\"> </span>Energy supply<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>British Gas New Heating Limited<span class=\"_ _39\"> </span>Electrical and gas installations<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>British Gas Services (Commercial) Limited<span class=\"_ _76\"> </span>Servicing and installation of heating systems<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>British Gas Services Limited<span class=\"_ _253\"> </span>Home services<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>British Gas Social Housing Limited<span class=\"_ _69\"> </span>Servicing and installation of heating systems<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>British Gas Solar Limited<span class=\"_ _2b7\"> </span> (iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>British Gas Trading Limited<span class=\"_ _254\"> </span>Energy supply<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>British Gas X Limited<span class=\"_ _255\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Caythorpe Gas Storage Limited<span class=\"_ _256\"> </span>Gas storage<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _7\"> </span>F<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>CBS Energy Assets Belgium B.V. (ii)<span class=\"_ _2b7\"> </span>Construction of battery storage<span class=\"_ _1ec\"> </span>Belgium<span class=\"_ _83\"> </span>G<span class=\"_ _a0\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>CBS Solar Assets UK Limited<span class=\"_ _2b7\"> </span> (iii)<span class=\"_ _2b7\"> </span>Building solar farm &amp; connecting to grid<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>CBS US Solar Fund 1, LLC<span class=\"_ _6c\"> </span>Distributed Energy &amp; Power<span class=\"_ _7c\"> </span>United States<span class=\"_ _83\"> </span>H<span class=\"_ _1e0\"> </span>Membership interest<span class=\"_ _2b7\"> </span>Centrica (Lincs) Wind Farm Limited<span class=\"_ _256\"> </span>Dormant<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Barry Limited<span class=\"_ _21a\"> </span>Power generation<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Brigg Limited<span class=\"_ _2b7\"> </span> (vi)<span class=\"_ _2b7\"> </span>Construction of battery storage<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Holdings Inc.<span class=\"_ _257\"> </span>Holding company<span class=\"_ _4c\"> </span>United States<span class=\"_ _ad\"> </span>I<span class=\"_ _5d\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions (Generation) Limited<span class=\"_ _d6\"> </span>Power genera<span class=\"_ _b\"></span>tion<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions Asset Management,<span class=\"_ _2b7\"> </span> LLC<span class=\"_ _2b7\"> </span>Energy management products and services<span class=\"_ _13f\"> </span>United States<span class=\"_ _1e0\"> </span>H<span class=\"_ _1e0\"> </span>Membership interest<span class=\"_ _2b7\"> </span>Centrica Business Solutions B.V.<span class=\"_ _258\"> </span>Energy management products and services<span class=\"_ _48\"> </span>Netherlands<span class=\"_ _7\"> </span>J<span class=\"_ _109\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions Belgium NV<span class=\"_ _24b\"> </span>Demand response aggregation<span class=\"_ _1ec\"> </span>Belgium<span class=\"_ _83\"> </span>G<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions Canada Inc.<span class=\"_ _102\"> </span>Energy management products and services<span class=\"_ _57\"> </span>Canada<span class=\"_ _1e0\"> </span>K<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions Deutschland GmbH<span class=\"_ _5c\"> </span>Demand response aggregation<span class=\"_ _117\"> </span>Germany<span class=\"_ _7\"> </span>L<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions France SASU<span class=\"_ _64\"> </span>Demand response aggregation<span class=\"_ _b0\"> </span>France<span class=\"_ _178\"> </span>M<span class=\"_ _146\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions International Limited<span class=\"_ _21d\"> </span>Dormant<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions Ireland Limited<span class=\"_ _4b\"> </span>Energy management products and services<span class=\"_ _1e3\"> </span>Republic of Ireland<span class=\"_ _1e0\"> </span>B<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions Italia Srl<span class=\"_ _11e\"> </span>Energy management products and services<span class=\"_ _1fa\"> </span>Italy<span class=\"_ _1e0\"> </span>N<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>S10.  Related undertakings<span class=\"_ _2b7\"> </span>31 December 2022<span class=\"_ _24e\"> </span><span class=\"fc12\">Principal activity<span class=\"_ _2b7\"> </span></span>Country of incorporation/<span class=\"_ _2b7\"> </span>registered address key (i)<span class=\"_ _2b7\"> </span>Class of shares held<span class=\"_ _2b7\"> </span>Centrica Business Solutions Management Limited<span class=\"_ _13d\"> </span>Holding comp<span class=\"_ _1\"></span>any<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions Optimize, LLC<span class=\"_ _76\"> </span>Energy management products and services<span class=\"_ _4c\"> </span>United States<span class=\"_ _83\"> </span>H<span class=\"_ _15\"> </span>Membership interest<span class=\"_ _2b7\"> </span>Centrica Business Solutions Romania Srl<span class=\"_ _71\"> </span>Energy management products and services<span class=\"_ _72\"> </span>Romania<span class=\"_ _83\"> </span>O<span class=\"_ _a0\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions Services, Inc.<span class=\"_ _6e\"> </span>Energy management products and services<span class=\"_ _4c\"> </span>United States<span class=\"_ _1e0\"> </span>H<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions UK Limited<span class=\"_ _1de\"> </span>Energy management products and services<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions UK Optimisation<span class=\"_ _2b7\"> </span> Limited<span class=\"_ _2b7\"> </span>Demand response aggregation<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions US, Inc.<span class=\"_ _135\"> </span>Energy management products and services<span class=\"_ _13f\"> </span>United States<span class=\"_ _1e0\"> </span>H<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Business Solutions Zrt<span class=\"_ _179\"> </span>Energy management products and services<span class=\"_ _4b\"> </span>Hungary<span class=\"_ _15\"> </span>P<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Combined Common Investment Fund<span class=\"_ _2b7\"> </span> Limited<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Directors Limited<span class=\"_ _219\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Distributed Generation Limited<span class=\"_ _22f\"> </span>Power generation<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Energy (Trading) Limited<span class=\"_ _259\"> </span>In liquidation<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Energy Limited<span class=\"_ _25a\"> </span>Wholesale energy trading<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Energy Marketing Limited<span class=\"_ _de\"> </span>Wholesale energy trading<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Energy Operations Limited<span class=\"_ _2b7\"> </span> (iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Energy Renewable Investments Limited<span class=\"_ _25b\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Energy Trading A/S<span class=\"_ _1b4\"> </span>Energy services and wholesale energy trading<span class=\"_ _117\"> </span>Denmark<span class=\"_ _83\"> </span>Q<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Energy Trading GmbH<span class=\"_ _202\"> </span>Energy services and wholesale e<span class=\"_ _1\"></span>nergy trading<span class=\"_ _117\"> </span>Germany<span class=\"_ _15\"> </span>R<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Energy Trading Pte. Ltd<span class=\"_ _25c\"> </span>Energy services and wholesale energy trading<span class=\"_ _4d\"> </span>Singapore<span class=\"_ _1e0\"> </span>S<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Engineers Pension Trustees Limited<span class=\"_ _25d\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Finance (Canada) Limited<span class=\"_ _251\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Finance (Scotland) Limited<span class=\"_ _1c3\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>T<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Finance (US) Limited<span class=\"_ _25e\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Finance Investments Limited<span class=\"_ _25f\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Finance Norway Limited<span class=\"_ _1f7\"> </span>Dormant<span class=\"_ _f8\"> </span>Jersey<span class=\"_ _83\"> </span>U<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Gamma Holdings Limited<span class=\"_ _251\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Hive Limited<span class=\"_ _260\"> </span>Energy management products and services<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Hive Srl<span class=\"_ _87\"> </span>Energy management products and services<span class=\"_ _1fa\"> </span>Italy<span class=\"_ _15\"> </span>V<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Ignite GP Limited<span class=\"_ _1cd\"> </span>Inve<span class=\"_ _1\"></span>stment company<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Ignite LP Limited<span class=\"_ _261\"> </span>Investment company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica India Offshore Private Limited<span class=\"_ _1af\"> </span>Business services<span class=\"_ _f9\"> </span>India<span class=\"_ _178\"> </span>W<span class=\"_ _146\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Infrastructure Limited (iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _7\"> </span>T<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Innovations UK Limited<span class=\"_ _1c3\"> </span>Investment company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Innovations US, Inc.<span class=\"_ _262\"> </span>Investment company<span class=\"_ _4c\"> </span>United States<span class=\"_ _83\"> </span>H<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Insurance Company Limited<span class=\"_ _263\"> </span>Insurance provision<span class=\"_ _10d\"> </span>Isle of Man<span class=\"_ _83\"> </span>H<span class=\"_ _1a1\"> </span>Ordinary and<span class=\"_ _2b7\"> </span> preference shares<span class=\"_ _2b7\"> </span>Centrica KPS Limited<span class=\"_ _1fd\"> </span>Power generation<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Lake Limited<span class=\"_ _1ef\"> </span>Holding company<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Leasing (KL) Limited<span class=\"_ _2b7\"> </span> (iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica LNG Company Limited<span class=\"_ _1f2\"> </span>LNG Trading<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica LNG UK Limited<span class=\"_ _264\"> </span>LNG Trading<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Nederland B.V.<span class=\"_ _183\"> </span>Holding company<span class=\"_ _22\"> </span>Netherlands<span class=\"_ _7\"> </span>J<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Nigeria Limited<span class=\"_ _265\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Nominees No.1 Limited<span class=\"_ _266\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Offshore UK Limited<span class=\"_ _1b4\"> </span>Gas and/or liquid exploration and production<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>F<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Onshore Processing UK Limited<span class=\"_ _12a\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>F<span class=\"_ _109\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Overseas Holdings Limited<span class=\"_ _25d\"> </span>Holding c<span class=\"_ _b\"></span>ompany<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Pension Plan Trustees Limited<span class=\"_ _3c\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _c7\"> </span>Limited by guarantee<span class=\"_ _2b7\"> </span>S10.  Related undertakings<span class=\"_ _2b7\"> </span>31 December 2022<span class=\"_ _24e\"> </span><span class=\"fc12\">Principal activity<span class=\"_ _2b7\"> </span></span>Country of incorporation/<span class=\"_ _2b7\"> </span>registered address key<span class=\"_ _2b7\"> </span> (i)<span class=\"_ _2b7\"> </span>Class of shares held<span class=\"_ _2b7\"> </span>Centrica Pension Trustees Limited<span class=\"_ _253\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Production Limited<span class=\"_ _15d\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>T<span class=\"_ _109\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Resources (Nigeria) Limited<span class=\"_ _267\"> </span>Non-trading<span class=\"_ _f6\"> </span>Nigeria<span class=\"_ _15\"> </span>X<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Resources (UK) Limited (iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Resources Petroleum UK Limited<span class=\"_ _2b7\"> </span> (iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Secretaries Limited<span class=\"_ _268\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Services Limited<span class=\"_ _fa\"> </span>Business services<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Storage Holdings Limited<span class=\"_ _251\"> </span>Holding company<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>F<span class=\"_ _109\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Storage Limited<span class=\"_ _1ad\"> </span>Gas production and processing<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>F<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Titan Limited<span class=\"_ _19a\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Trinidad and Tobago Limited<span class=\"_ _269\"> </span>Business services<span class=\"_ _109\"> </span>Trinidad and<span class=\"_ _2b7\"> </span> Tobago<span class=\"_ _2b7\"> </span>Y<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Trust (No.1) Limited<span class=\"_ _3a\"> </span>Dormant<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Upstream Investment Limited<span class=\"_ _2b7\"> </span> (iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _7\"> </span>T<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Centrica Trading Limited (iii)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>CIU1 Limited (iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>DEML Investments Limited<span class=\"_ _41\"> </span>Holding company<span class=\"_ _57\"> </span>Canada<span class=\"_ _15\"> </span>K<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>DER Development No. 10 Ltd.<span class=\"_ _1e1\"> </span>Holding c<span class=\"_ _b\"></span>ompany<span class=\"_ _57\"> </span>Canada<span class=\"_ _1e0\"> </span>K<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Distributed Energy Customer Solutions Limited<span class=\"_ _31\"> </span>Energy management products and services<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Dyno-Rod Limited<span class=\"_ _dd\"> </span>Operation of a franchise network<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>ECL Contracts Limited<span class=\"_ _26a\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>ECL Investments Limited<span class=\"_ _186\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Electricity Direct (UK) Limited<span class=\"_ _21e\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>ENER-G Cogen International Limited<span class=\"_ _223\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>ENER-G Nagykanizsa Kft<span class=\"_ _f\"> </span>Energy management products and services<span class=\"_ _4b\"> </span>Hungary<span class=\"_ _1e0\"> </span>P<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>ENER-G Power2 Limited<span class=\"_ _252\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>ENER-G Rudox, LLC<span class=\"_ _19f\"> </span>Energy management p<span class=\"_ _1\"></span>roducts and services<span class=\"_ _7c\"> </span>United States<span class=\"_ _83\"> </span>H<span class=\"_ _1e0\"> </span>Membership interest<span class=\"_ _2b7\"> </span>Energy For Tomorrow<span class=\"_ _26b\"> </span>Not-for-profit energy services<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _c7\"> </span>Limited by guarantee<span class=\"_ _2b7\"> </span>GB Gas Holdings Limited<span class=\"_ _23d\"> </span>Holding company<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Generation Green Solar Limited<span class=\"_ _145\"> </span>Dormant community benefit soc<span class=\"_ _1\"></span>iety<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>GF One Limited<span class=\"_ _2b7\"> </span> (v)<span class=\"_ _2b7\"> </span>In liquidation<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>Z<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>GF Two Limited<span class=\"_ _2b7\"> </span> (v)<span class=\"_ _2b7\"> </span>In liquidation<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>Z<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Goldbrand Development Limited<span class=\"_ _266\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Home Assistance UK Limited<span class=\"_ _26c\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Neas Energy Limited<span class=\"_ _d6\"> </span>Energy ser<span class=\"_ _1\"></span>vices and wholesale energy trading<span class=\"_ _10f\"> </span>United Kingdom<span class=\"_ _1e0\"> </span>A<span class=\"_ _104\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Neas Invest A/S<span class=\"_ _26d\"> </span>Dormant<span class=\"_ _2d\"> </span>Denmark<span class=\"_ _178\"> </span>Q<span class=\"_ _78\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>North Sea Infrastructure Partners Limited<span class=\"_ _2b7\"> </span> (iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _7\"> </span>T<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>NSIP (Holdings) Limited<span class=\"_ _2b7\"> </span> (iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _7\"> </span>T<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>P.H Jones Group Limited<span class=\"_ _26e\"> </span>Holding company<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Panoramic Power Ltd.<span class=\"_ _5a\"> </span>Energy management products and services<span class=\"_ _1f9\"> </span>Israel<span class=\"_ _12\"> </span>AA<span class=\"_ _30\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Pioneer Shipping Limited<span class=\"_ _1cd\"> </span>LNG vessel charte<span class=\"_ _b\"></span>ring<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>PRP Battery (Dyce) Limited<span class=\"_ _2b7\"> </span> (ii)<span class=\"_ _2b7\"> </span>Non-trading<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Solar Technologies Group Limited<span class=\"_ _2b7\"> </span> (iv)<span class=\"_ _2b7\"> </span>Dormant<span class=\"_ _e2\"> </span>United Kingdom<span class=\"_ _15\"> </span>A<span class=\"_ _b4\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>South Energy Investments, LLC<span class=\"_ _1a4\"> </span>Investment company<span class=\"_ _4c\"> </span>United States<span class=\"_ _12\"> </span>AB<span class=\"_ _107\"> </span>Membership interest<span class=\"_ _2b7\"> </span>Vista Solar, Inc.<span class=\"_ _23d\"> </span>Distributed Energy &amp; Power<span class=\"_ _13f\"> </span>United States<span class=\"_ _12\"> </span>AC<span class=\"_ _7c\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>S10.<span class=\"_ _13e\"> </span>Related undertakings<span class=\"_ _2b7\"> </span>Investments held indirectly by Centrica plc with 69% voting rights<span class=\"_ _2b7\"> </span>31 December 2022<span class=\"_ _1a9\"> </span><span class=\"fc12\">Principal activity<span class=\"_ _2b7\"> </span></span>Country of incorporation/<span class=\"_ _2b7\"> </span>registered address key<span class=\"_ _2b7\"> </span> (i)<span class=\"_ _2b7\"> </span>Class of shares held<span class=\"_ _2b7\"> </span>Spirit Norway Holdings AS<span class=\"_ _26c\"> </span>Dormant<span class=\"_ _eb\"> </span>Norway<span class=\"_ _1df\"> </span>AD<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Energy Nederland B.V.<span class=\"_ _26f\"> </span>Gas and/or liquid exploration and production<span class=\"_ _1ec\"> </span>Netherlands<span class=\"_ _178\"> </span>AE<span class=\"_ _10f\"> </span>Ordinary Shares<span class=\"_ _2b7\"> </span>Spirit Energy Norway AS<span class=\"_ _bf\"> </span>Gas and/or liquid exploration and production<span class=\"_ _eb\"> </span>Norway<span class=\"_ _178\"> </span>AF<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Infrastructure B.V.<span class=\"_ _1a\"> </span>Construction, ownership and exploitation of<span class=\"_ _2b7\"> </span> infrastructure<span class=\"_ _2b7\"> </span>Netherlands<span class=\"_ _ed\"> </span>AE<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Bowland Resources (No.2) Limited<span class=\"_ _eb\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG<span class=\"_ _7b\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Energy Hedging Holding Limited<span class=\"_ _270\"> </span>Dormant<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG <span class=\"_ _e5\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Energy Hedging Limited<span class=\"_ _266\"> </span>Dorm<span class=\"_ _1\"></span>ant<span class=\"_ _48\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Bowland Resources Limited<span class=\"_ _ef\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _107\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Elswick Energy Limited<span class=\"_ _271\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _107\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Energy Limited<span class=\"_ _266\"> </span>Holding company<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG<span class=\"_ _a0\"> </span>Ordinary and<span class=\"_ _2b7\"> </span> deferred shares<span class=\"_ _2b7\"> </span>Spirit Energy North Sea Limited<span class=\"_ _92\"> </span>Gas and/or liquid exploration and p<span class=\"_ _1\"></span>roduction<span class=\"_ _48\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG<span class=\"_ _7b\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Energy North Sea Oil Limited<span class=\"_ _203\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _c7\"> </span>AH<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Energy Production UK Limited<span class=\"_ _246\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Energy Resources Limited<span class=\"_ _272\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _107\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Energy Southern North Sea Limited<span class=\"_ _4d\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _107\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Energy Treasury Limited<span class=\"_ _3d\"> </span>Finance company<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Europe Limited<span class=\"_ _254\"> </span>Holding company<span class=\"_ _48\"> </span>United Kingdom<span class=\"_ _107\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit North Sea Gas Limited<span class=\"_ _26f\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _113\"> </span>AH<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Norway Limited<span class=\"_ _273\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _107\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Production (Services) Limited<span class=\"_ _269\"> </span>Business services<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _c7\"> </span>AH<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>Spirit Resources (Armada) Limited<span class=\"_ _e3\"> </span>Gas and/or liquid exploration and production<span class=\"_ _5d\"> </span>United Kingdom<span class=\"_ _113\"> </span>AG<span class=\"_ _89\"> </span>Ordinary shares<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _1b7\"> </span>For list of registered addresses, refer to note S10(d).<span class=\"_ _2b7\"> </span>(ii)<span class=\"_ _147\"> </span>Incorporated or acquired in 2022.<span class=\"_ _2b7\"> </span>(iii)<span class=\"_ _141\"> </span>The following name changes were made during the year:<span class=\"_ _2b7\"> </span>\u2013<span class=\"_ _132\"> </span><span class=\"ff6b fs1e\">Centrica Trading Limited to CH4 Energy Limited<span class=\"_ _2b7\"> </span></span>\u2013<span class=\"_ _132\"> </span><span class=\"ff6b fs1e\">CH4 Energy Limited to Centrica Trading Limited<span class=\"_ _2b7\"> </span></span>\u2013<span class=\"_ _132\"> </span><span class=\"ff6b fs1e\">British Gas Limited to British Gas Energy Procurement Limited<span class=\"_ _2b7\"> </span></span>\u2013<span class=\"_ _132\"> </span><span class=\"ff6b fs1e\">British Gas Energy Procurement Limited to British Gas Limited<span class=\"_ _2b7\"> </span></span>\u2013<span class=\"_ _132\"> </span><span class=\"ff6b fs1e\">Pennings Power Limited to CBS Solar Assets UK Limited<span class=\"_ _2b7\"> </span></span>(iv)<span class=\"_ _8a\"> </span>Active proposal to strike off.<span class=\"_ _2b7\"> </span>(v)<span class=\"_ _14\"> </span>GF One Limited and GF Two Limited are 75% indirectly owned by Centrica plc.<span class=\"_ _2b7\"> </span>(vi)<span class=\"_ _8a\"> </span>Centrica Brigg Limited change of name to CBS Energy Storage Assets UK Limited as of 15 February 2023.<span class=\"_ _2b7\"> </span> S10.<span class=\"_ _13e\"> </span>Related undertakings<span class=\"_ _2b7\"> </span>(b)<span class=\"_ _e2\"> </span>Subsidiary undertakings \u2013 partnerships held indirectly by Centrica plc with 100% voting rights<span class=\"_ _2b7\"> </span>31 December 2022<span class=\"_ _186\"> </span><span class=\"fc12\">Prin<span class=\"_ _1\"></span>cipal activity<span class=\"_ _2b7\"> </span></span>Country of incorporation/<span class=\"_ _2b7\"> </span>registered address key<span class=\"_ _2b7\"> </span> (i)<span class=\"_ _2b7\"> </span>Class of shares held<span class=\"_ _2b7\"> </span>CF 2016 LLP<span class=\"_ _40\"> </span>Group financing<span class=\"_ _104\"> </span>United Kingdom<span class=\"_ _12\"> </span>A<span class=\"_ _ee\"> </span>Membership interest<span class=\"_ _2b7\"> </span>CFCEPS LLP<span class=\"_ _173\"> </span>Group financing<span class=\"_ _104\"> </span>United Kingdom<span class=\"_ _12\"> </span>A<span class=\"_ _ee\"> </span>Membership interest<span class=\"_ _2b7\"> </span>CFCPP LLP<span class=\"_ _1b\"> </span>Group financing<span class=\"_ _104\"> </span>United Kingdom<span class=\"_ _12\"> </span>A<span class=\"_ _ee\"> </span>Membership interest<span class=\"_ _2b7\"> </span>Direct Energy Resources Partnership<span class=\"_ _274\"> </span>Holding entity<span class=\"_ _fd\"> </span>Canada<span class=\"_ _a9\"> </span>AI<span class=\"_ _7b\"> </span>Membership interest<span class=\"_ _2b7\"> </span>Finance Scotland 2016 Limited Partnership<span class=\"_ _275\"> </span>Group financing<span class=\"_ _104\"> </span>United Kingdom<span class=\"_ _12\"> </span>T<span class=\"_ _13\"> </span>Membership interest<span class=\"_ _2b7\"> </span>Finance Scotland CEPS Limited Partnership<span class=\"_ _20\"> </span>Group financing<span class=\"_ _b4\"> </span>United Kingdom<span class=\"_ _107\"> </span>T<span class=\"_ _13\"> </span>Membership interest<span class=\"_ _2b7\"> </span>Finance Scotland CPP Limited Partnership<span class=\"_ _222\"> </span>Group financing<span class=\"_ _b4\"> </span>United Kingdom<span class=\"_ _107\"> </span>T<span class=\"_ _13\"> </span>Membership interest<span class=\"_ _2b7\"> </span>Ignite Social Enterprise LP<span class=\"_ _94\"> </span>Social enterprise investm<span class=\"_ _b\"></span>ent fund<span class=\"_ _104\"> </span>United Kingdom<span class=\"_ _12\"> </span>A<span class=\"_ _ee\"> </span>Membership interest<span class=\"_ _2b7\"> </span>(i)<span class=\"_ _1b7\"> </span>For list of registered addresses, refer to note S10(d).<span class=\"_ _2b7\"> </span>The following partnerships are fully consolidated into the Group Financial Statements and the Group has taken advantage of the<span class=\"_ _2b7\"> </span> exemption (as confirmed by regulation 7 of the Partnerships (Accounts) Regulations 2008) not to prepare or file separate accounts for<span class=\"_ _2b7\"> </span> these entities:<span class=\"_ _2b7\"> </span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Finance Scotland 2016 Limited Partnership;<span class=\"_ _2b7\"> </span></span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Finance Scotland CEPS Limited Partnership;<span class=\"_ _2b7\"> </span></span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Finance Scotland CPP Limited Partnership; and<span class=\"_ _2b7\"> </span></span>\u2022<span class=\"_ _132\"> </span><span class=\"fcf\">Ignite Social Enterprise LP.<span class=\"_ _2b7\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-520": {
   "value": "S11.  Non-controlling interests The Group has one subsidiary undertaking with a non-controlling interest: Spirit Energy Limited, through which the Group carries out the  majority of its exploration and production activities. 2022 2021 31 December  Non- controlling  interests % Profit for  the year \u00a3m Total  comprehensive  income Total  equity \u00a3m Distributions  to non- controlling  interests \u00a3m Non- controlling  interests % Loss for  the year \u00a3m Total  comprehensive  loss \u00a3m Total  equity \u00a3m Distributions  to non- controlling  interests \u00a3m Spirit Energy Limited  31    146    151    263    (273)    31    (37)    (40)    385    \u2014  Summarised financial information The summarised financial information disclosed is shown on a 100% basis. It represents the consolidated position of Spirit Energy Limited  and its subsidiaries that would be shown in its consolidated financial statements prepared in accordance with IFRS under Group  accounting policies before intercompany eliminations. Summarised statement of total comprehensive income Year ended 31 December 2022 \u00a3m 2021 \u00a3m Revenue  1,667    1,795  Profit/(loss) for the year (i)  371    (118)  Other comprehensive income/(loss) (i)  116    (10)  Total comprehensive income/(loss)  487    (128)  (i) 2022 includes \u00a3101 million exchange differences reclassified to the income statement on disposal not attributable to non-controlling interests (2021: \u00a3nil). Summarised balance sheet 31 December 2022 \u00a3m 2021 \u00a3m Non-current assets  1,683    2,169  Current assets  1,451    1,649  Assets of disposal groups classified as held for sale  \u2014    1,651  Current liabilities  (1,183)    (1,846)  Liabilities of disposal groups classified as held for sale  \u2014    (1,225)  Non-current liabilities  (1,104)    (1,156)  Net assets  847    1,242  Summarised cash flow Year ended 31 December 2022 \u00a3m 2021 \u00a3m Net (decrease)/increase in cash and cash equivalents  (73)    66 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:E26EDV109X6EEPBKVH76",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  }
 }
}