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  "fact-488": {
   "value": "<div class=\"t m0 h1a7 ff42 fs153 fc16 sc0 ls26c ws1 gsa\">1 <span class=\"_ _2b\"> </span>Basis of preparation, material accountin<span class=\"_ _1\"></span>g </div><div class=\"t m0 h1a7 ff42 fs153 fc16 sc0 ls26d ws282 gsb\">policies and accounting judgements </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls26e ws283 gsc\">Basis of preparation </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gsd\">The financial statements for th<span class=\"ls270 ws285\">e year ended 31 Ma<span class=\"_ _6\"></span>rch 2025 </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls271 ws286 gse\">have been prepared on th<span class=\"_ _6\"></span>e historical cost basis,<span class=\"_ _6\"></span> except for </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gsf\">the revaluation of properties, investments classified as fair </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs10\">value through profit or loss and derivatives. The financial </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls270 ws285 gs11\">statements have been prepar<span class=\"ls273 ws288\">ed in acc<span class=\"_ _6\"></span>ordance with UK-<span class=\"_ _458\"> </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs12\">adopted International Accounting Standards and with the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs13\">requirements of the Companies Act 2006 as applicable to </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28b gs14\">companies reporting under those standards.<span class=\"_ _458\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs15\">The Group has applied the following minor amendments </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls276 ws28c gs16\">to standards to the financial <span class=\"_ _d\"></span><span class=\"ls277 ws28d\">statements for<span class=\"_ _1\"></span> the first time </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gs17\">for the year ended 31 March<span class=\"_ _6\"></span> 2025: IAS<span class=\"_ _d\"></span> 1 \u2018P<span class=\"_ _d\"></span>rese<span class=\"_ _6\"></span>nt<span class=\"_ _6\"></span>ati<span class=\"_ _6\"></span>on <span class=\"_ _d\"></span>of </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls278 ws285 gs18\">Financial State<span class=\"_ _1\"></span>ments\u2019 on the classification of liab<span class=\"_ _1\"></span>ilities and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls279 ws28f gs19\">non-current<span class=\"_ _6\"></span> liabiliti<span class=\"_ _6\"></span>es with cove<span class=\"ls27a ws290\">nants, IFRS 16 \u2018Leases\u2019 on </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27b ws288 gs1a\">sale and leaseback arrange<span class=\"_ _1\"></span>ments and IFRS 8 \u2018Operating </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs1b\">Seg<span class=\"_ _d\"></span>ments<span class=\"_ _6\"></span>\u2019 A<span class=\"_ _d\"></span>genda<span class=\"_ _6\"></span> De<span class=\"_ _d\"></span>cision<span class=\"_ _d\"></span>.<span class=\"_ _1\"></span> The amendments did not h<span class=\"_ _d\"></span>ave </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gs1c\">any material impact on amount<span class=\"ls274 ws289\">s recognised in prior years </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27e ws293 gs1d\">and are not expected to materially affect c<span class=\"_ _6\"></span>urrent and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws293 gs1e\">future years. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27f ws294 gs1f\">The standards and amendments which have been issued </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls280 ws291 gs20\">but are not ye<span class=\"_ _1\"></span>t effective include IFRS 18 \u2018Pr<span class=\"_ _1\"></span>esentation and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls281 ws295 gs21\">Disclosure in Financ<span class=\"_ _1\"></span>ial Statements\u2019 and amendmen<span class=\"_ _1\"></span>ts to </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls282 ws28e gs22\">both IFRS 9 \u2018Financial Ins<span class=\"_ _1\"></span>truments\u2019 and IFRS 7 \u2018Financial </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls283 ws296 gs23\">Inst<span class=\"_ _6\"></span>rume<span class=\"_ _6\"></span>nts:<span class=\"_ _6\"></span> Discl<span class=\"_ _d\"></span>osures\u2019 i<span class=\"_ _6\"></span>n re<span class=\"ls27f ws293\">spect of the classification and </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls284 ws297 gs24\">measurement of fina<span class=\"_ _6\"></span>ncial inst<span class=\"ls285 ws298\">rumen<span class=\"_ _6\"></span>ts. With the exce<span class=\"_ _6\"></span>ption </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24b ws259 gs25\">of IFRS 18, which the Group is <span class=\"ls286 ws299\">still assessing and the impact </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls281 ws295 gs26\">to the financia<span class=\"_ _1\"></span>l statements is not yet known, these </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls287 ws29a gs27\">amendments to standards that <span class=\"ls24b ws259\">are not yet <span class=\"_ _1\"></span>effective are not </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls278 ws285 gs28\">expected to have a materi<span class=\"_ _1\"></span>al impact on the Group\u2019s results. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs29\">These financial statements are presented in Pounds </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls277 ws28d gs2a\">Sterling which is the function<span class=\"ls249 ws28e\">al currency of the Group, </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs2b\">to the nearest million.  </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls28a ws29c gs2c\">Going concern </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs2d\">The financial statements are <span class=\"ls27e ws293\">prepared on a<span class=\"_ _6\"></span> going concern </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs2e\">basis. The consolidated balance sheet shows that the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs2f\">Group is in a net current liability position, predominantly </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27e ws293 gs30\">due to short term borrowings <span class=\"ls249\">and overd<span class=\"_ _d\"></span>rafts of \u00a3311m and </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28b ws259 gs31\">current creditors of \u00a3263m.<span class=\"_ _6\"></span><span class=\"ls1 ws29d\"> The Group has acce<span class=\"_ _6\"></span>ss to </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs32\">\u00a31.8bn of undrawn facilities and cash, which provides the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs33\">Directors with a reasonable <span class=\"ls288 ws295\">expectation that the Group<span class=\"_ _6\"></span> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs34\">will be able to meet these current liabilities as they fall </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28c ws29e gs35\">due. In making t<span class=\"_ _6\"></span>his assessme<span class=\"ls24a ws258\">nt the Directors took into </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28d ws29a gs36\">account forecast cash flow<span class=\"_ _6\"></span><span class=\"ls277 ws28d\">s and covenant compliance, </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs37\">including stress testing through the impact of sensitivities </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gs38\">as part of a \u2018severe but pl<span class=\"ls28b ws259\">au<span class=\"_ _d\"></span>sible downside scenario\u2019. </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28e ws29f gs39\">Before factoring in any income receivable, the undrawn </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs3a\">facilities and cash would also be sufficient to cover </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gs3b\">forecast capital expenditure, property operating costs, </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs3c\">administrative expenses, maturing debt and interest for </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27e ws293 gs3d\">a minimum of 12 months from <span class=\"_ _6\"></span><span class=\"ls275 ws28a\">the approval date of these </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs3e\">financial statements.  </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28f ws2a0 gs3f\">Having assessed the principal risks, the Directors believe </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls285 ws298 gs40\">that the Group i<span class=\"_ _6\"></span>s well plac<span class=\"_ _6\"></span>ed to manage its financin<span class=\"_ _6\"></span>g and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls290 ws2a1 gs41\">other business risks satisfac<span class=\"ls291 ws2a2\">torily<span class=\"_ _6\"></span> despite the unce<span class=\"_ _6\"></span>rtain </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27f ws293 gs42\">economic climate, and <span class=\"_ _1\"></span>have a reasonable expectation that </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24b ws259 gs43\">the Company and the Group<span class=\"_ _1\"></span> have adequate resources to </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls292 ws2a3 gs44\">continue in op<span class=\"_ _1\"></span>eration for at least 12 mon<span class=\"_ _1\"></span>ths from the signing </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls281 ws295 gs45\">date of these financ<span class=\"_ _1\"></span>ial statements. Accordingly, they <span class=\"_ _1\"></span>believe </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27b ws288 gs46\">the going concern basis is a<span class=\"_ _1\"></span>n appropriate one.<span class=\"_ _458\"> </span></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls293 ws1 gs47\">Subsidiaries and joint ventures  </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls270 ws285 gs48\">The consolidated accounts include the accounts of </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs49\">The British Land Company PLC (the Company) and all </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls270 ws2a4 gs4a\">subsidiaries (entities controlled<span class=\"ls294 ws2a5\"> by British Land). Control is </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls295 ws2a6 gs4b\">assumed where the Compan<span class=\"_ _6\"></span>y is exposed, or<span class=\"_ _6\"></span> has the rights, </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs4c\">to variable returns from its involvement with investees and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs4d\">has the ability to affect those returns through its power </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gs4e\">over those investees. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs4f\">The results of subsidiaries and joint ventures acquired </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls1 ws29d gs50\">or disposed of during<span class=\"_ _6\"></span> the <span class=\"ls296 ws2a7\">year are i<span class=\"_ _1\"></span>ncluded from the </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs51\">effective date of acquisition or up to the effective date </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs52\">of disposal. Accounting policies of sub<span class=\"_ _6\"></span>sidiaries and joint </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls297 ws2a8 gs53\">ventures which differ from Group acco<span class=\"_ _1\"></span>unting policies are </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs54\">adjusted on consolidation.  </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs55\">All intra-Group transactions, balances, income and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls273 ws288 gs56\">expenses are eliminated on co<span class=\"ls21c ws2a9\">nsolidation. Joint ventures </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls21c ws2aa gs57\">are accounted for under the <span class=\"ls275 ws28a\">equity method, whereby the </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws2ab gs58\">consolidated balance sheet in<span class=\"ls298 ws2ac\">corporates the Group\u2019s sh<span class=\"_ _6\"></span>are </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs59\">(investor\u2019s share) of the net <span class=\"ls26f ws284\">assets of its joint ventures. </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs5a\">The consolidated income st<span class=\"ls275 ws28a\">atement incorporates the </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls1 ws29d gs5b\">Group\u2019s share of joint ven<span class=\"_ _6\"></span>tures profits after ta<span class=\"_ _6\"></span>x. Their </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs5c\">profits include revaluation movements on properties. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls277 ws28d gs5d\">Where joint ventures generate losses after tax, these are </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs5e\">recognised initially against th<span class=\"ls295 ws2a6\">e Group\u2019s equity investmen<span class=\"_ _6\"></span>t. </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs5f\">If the Group\u2019s equity investment is nil, these are </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws25b gs60\">subsequently then recognised against other long term </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs61\">interests, principally long term loans. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls29a ws2ad gs62\">Distribution<span class=\"_ _6\"></span>s and other <span class=\"_ _6\"></span>receivables from<span class=\"_ _d\"></span> joint ventures </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls29b ws1fd gs63\">are classed as cash<span class=\"_ _6\"></span> flows from operating a<span class=\"_ _6\"></span>ctivities, except </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs64\">where they relate to a cash flow arising from a capital </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls1 ws29d gs65\">transaction, such as a<span class=\"_ _6\"></span> property or invest<span class=\"_ _6\"></span>ment disposal. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls271 ws29d gs66\">In this case they are classed<span class=\"_ _d\"></span> as cash flows from </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs67\">investing activities.  </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs68\">The Group assesses the recoverability of investments in </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs69\">and loans to joint ventures ag<span class=\"ls27c ws291\">ainst the joint venture\u2019s net </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27e ws293 gs6a\">asset value. Amounts due are exp<span class=\"_ _6\"></span>ected to be recovered </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs6b\">by a joint venture selling its properties and investments </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws287 gs6c\">and settling financial assets, net of financial liabilities. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28e ws29f gs6d\">The net asset value of a joint venture is considered to be </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gs6e\">a reasonable approximation of the available assets that </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs6f\">could be realised to recover the amounts due and the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls273 ws288 gs70\">requirement to recognise expected c<span class=\"_ _6\"></span>redit losses. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs71\">Impairment of investments in joint ventures is calculated </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28b ws259 gs72\">in accordance with IAS 36 \u2018I<span class=\"_ _d\"></span>mpairment of Assets\u2019, and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs73\">impairment of loans to joint ventures is calculated in </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls270 ws285 gs74\">accordance with IFRS 9 \u2018Financial Instruments\u2019. <span class=\"_ _6\"></span> </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls2a0 ws1 gs76\">Properties </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws28a gs77\">Properties are externally valu<span class=\"ls270 ws285\">ed at the balance sheet date. </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs78\">Investment properties are re<span class=\"ls276 ws28c\">corded at val<span class=\"_ _6\"></span>uation whereas </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs79\">trading properties are stated at the lower of cost and n<span class=\"_ _d\"></span>et </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs7a\">realisable value. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs7b\">Any surplus or deficit arising on revaluing investment </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs7c\">properties is recognised in the Capital and other column </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs7d\">of the income statement. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls271 ws286 gs7e\">The cost of proper<span class=\"ls27c ws291\">ties in the course of dev<span class=\"_ _6\"></span>elopment </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs7f\">includes attributable interest and other associated </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs80\">outgoings including attributable development personnel </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs81\">costs. Interest is calculated on the development </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs82\">expenditure by reference to specific borrowings, where </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs83\">relevant, and otherwise on the weighted average interest </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs84\">rate of the Group\u2019s borrowings. Interest is not capitalised </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs85\">where no development activity is taking place. A property </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs86\">ceases to be treated as <span class=\"ls289 ws29b\">a development property on </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls270 ws285 gs87\">practical completion. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls295 ws2a6 gs88\">Investment property disposals are<span class=\"_ _d\"></span> recognised on </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs89\">completion. Profits and losses arising are recognised </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs8a\">through the Capital and other column of the income </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a2 ws25a gs8b\">statement. The profi<span class=\"_ _6\"></span>t or loss on disp<span class=\"_ _6\"></span>osal is determin<span class=\"_ _6\"></span>ed as </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs8c\">the difference between the net sales proceeds and the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs8d\">carrying amount of the asset at the commencement of th<span class=\"_ _6\"></span>e </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs8e\">accounting period plus capital expenditure in the period. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gs8f\">Where properties are disposed<span class=\"ls21c ws234\"> into a j<span class=\"_ _6\"></span>oint venture owned </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs90\">by the Group, the profit recognised in the Capital and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs91\">other column of the income statement is limited to the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls273 ws288 gs92\">extent of the unrelated party\u2019s interest. A<span class=\"_ _d\"></span>ny loss is </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs93\">recognised in the Capital and other column of the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs94\">income statement in full.  </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs95\">Trading properties are initially recognised at cost and then </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27e ws293 gs96\">are subsequently measured at the lower <span class=\"_ _d\"></span>of cost and net </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs97\">realisable value. Trading property disposals are recognised </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs98\">in line with the Group\u2019s revenue accounting policies. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls29b ws1fd gs99\">Where investment properties a<span class=\"_ _d\"></span>r<span class=\"_ _1\"></span>e app<span class=\"_ _6\"></span>ropriated to trading </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls270 ws285 gs9a\">properties, they are transferred at <span class=\"_ _6\"></span>market value. If </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28e ws29f gs9b\">properties held for trading ar<span class=\"ls249 ws28e\">e appropriated to investment </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls276 ws28c gs9c\">properties, they are transferred at b<span class=\"_ _d\"></span>o<span class=\"_ _1\"></span>ok v<span class=\"_ _6\"></span>alue.  </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28c ws29e gs9d\">Transfers to or f<span class=\"_ _6\"></span>rom an investmen<span class=\"_ _6\"></span>t property occur when<span class=\"_ _d\"></span>, </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gs9e\">and only when, there is evid<span class=\"_ _6\"></span><span class=\"ws288\">ence of change in use. </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28d ws29a gs9f\">Where a right-of-use<span class=\"_ _6\"></span> asset <span class=\"ls270 ws285\">meets the definition of </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls271 ws286 gsa0\">investment property under I<span class=\"_ _d\"></span>FRS 16 \u2018Leases\u2019, the right-of-<span class=\"_ _458\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gsa1\">use asset will initially be calculated as the present value </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gsa2\">of minimum lease payments under the lease and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2b0 gsa3\">subsequently measured under <span class=\"ls275 ws28a\">the fair value model, based </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a3 ws2b1 gsa4\">on discounted cash fl<span class=\"_ _d\"></span>ows of net rental income earned </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gsa5\">under the lease. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gsa6\">The Group leases out inve<span class=\"ls295 ws2a6\">stment properti<span class=\"_ _6\"></span>es under </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gsa7\">operating leases with rents generally payable monthly or </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gsa8\">quarterly. The Group is exposed to changes in the residual </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gsa9\">value of properties at the end of <span class=\"_ _6\"></span>current lease agreements, </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gsaa\">and mitigates this risk by acti<span class=\"ws2a3\">vely managing its tenant mix </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls1 ws29d gsab\">in order to maximise<span class=\"_ _6\"></span> the weighted average lease term<span class=\"_ _6\"></span>, </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28b ws259 gsac\">minimise vacancies across the portfolio a<span class=\"_ _6\"></span>nd maximise </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls277 ws28d gsad\">exposure to tenants with strong financial characteris<span class=\"_ _1\"></span>tics. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a4 ws2aa gsae\">The Group also grants tenant incentives to encour<span class=\"_ _1\"></span>age high </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gsaf\">quality tenants to remain in properties for longer lease </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gsb0\">terms. Tenant incentives, such as rent-free periods and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gsb1\">cash contributions to tenant <span class=\"ls299 ws2a3\">fit-out, and contracted rent </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gsb2\">increases are recognised as part of the investment </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gsb3\">property balance. The Group calculates the exp<span class=\"_ _6\"></span>ected </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a4 ws2aa gsb4\">credit loss for tenant incentives and contracted re<span class=\"_ _1\"></span>nt </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gsb5\">increases based on lifetime expected credit losses under </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws2b2 gsb6\">the IFRS 9 simplified approach. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a5 ws2b3 gsb7\">Surrender premia payabl<span class=\"_ _6\"></span>e relati<span class=\"ls2a6 ws2b4\">ng to investment properti<span class=\"_ _1\"></span>es </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a7 ws29d gsb8\">are recognised in the inco<span class=\"ls2a8 ws2b5\">me statement, through the </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a8 ws2a6 gsb9\">Underlying column, except <span class=\"ls2a9 ws2b6\">where the surrender premia </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls278 ws285 gsba\">payable are deemed to be <span class=\"_ _1\"></span>unusual or significant by virtue </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls290 ws2a1 gsbb\">of their size or nature, wher<span class=\"ls2aa ws2b1\">e they are recognised through </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2ab ws1fd gsbc\">the Capital and other co<span class=\"_ _1\"></span>lumn. Surrender premia payable </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls281 ws295 gsbd\">relating to deve<span class=\"_ _1\"></span>lopment properties are capitalise<span class=\"_ _1\"></span>d as a </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2ac ws29b gsbe\">property addition pr<span class=\"_ _1\"></span>oviding they are a directly a<span class=\"_ _1\"></span>ttributable </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2ad ws2b7 gsbf\">and necessary development expense.<span class=\"_ _1\"></span> </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls2a0 ws2b8 gsc0\">Financial assets and liabilities </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws28a gsc1\">Debtors and creditors are initia<span class=\"ls299 ws2a3\">lly recognised at fair value </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gsc2\">and subsequently measured at amortised<span class=\"_ _6\"></span> cost and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gsc3\">discounted as appropriate. On initial recognition the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gsc4\">Group calculates the expected credit loss for debtors </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls270 ws285 gsc5\">based on lifetime expected credit losses u<span class=\"_ _6\"></span>nder the IFRS 9 </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gsc6\">simplified approach. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28b ws259 gsc7\">Other investments include investmen<span class=\"_ _6\"></span>ts classified as </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls276 ws28c gsc8\">amortised cost and investment<span class=\"_ _6\"></span>s classified as fair value </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gsc9\">through profit or loss. Loans and receivables classified as </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gsca\">amortised cost are measure<span class=\"_ _6\"></span>d using the effective interest </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gscb\">method, less any impairment. Interest is recognised by </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gscc\">applying the effective interest rate. Investmen<span class=\"_ _6\"></span>ts classified </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gscd\">as fair value through profit or loss are initially recorded at </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws289 gsce\">fair value and are subsequently externally valued on the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls29b ws1fd gscf\">same basis at the balan<span class=\"_ _6\"></span>ce sheet date. Any surplus <span class=\"_ _6\"></span>or </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gsd0\">deficit arising on revaluing in<span class=\"ls276 ws28c\">vestments classified as fair </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gsd1\">value through profit or loss is recognised in the Capital </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls1 ws29d gsd2\">and other column of<span class=\"_ _d\"></span> th<span class=\"ls24a ws258\">e income statement.<span class=\"_ _458\"> </span></span><span class=\"ls24a ws258\">  </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gsd4\">The liability associated with <span class=\"ls274 ws289\">investment property which </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gsd5\">is held under a lease, is init<span class=\"ls27c\">ially calculated as the present </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gsd6\">value of the minimum lease payments. The lease liability </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls277 ws28d gsd7\">is subsequently measured at amortised cost, unwinding </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls270 ws285 gsd8\">as finance lease interest accrues and lease payments </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws2b9 gsd9\">are made. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls295 ws2a6 gsda\">Debt instruments are stated <span class=\"_ _6\"></span>at<span class=\"ls272 ws287\"> their fair value on issue. </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gsdb\">Finance charges including premia payable on settlement </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gsdc\">or redemption and direct issu<span class=\"ls28b ws259\">e costs a<span class=\"_ _6\"></span>re spread over the </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gsdd\">period to maturity, using the effective interest method. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls270 ws285 gsde\">Exceptional finance charges incurred due to ea<span class=\"_ _6\"></span>rly </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gsdf\">redemption (including premia) are recognised in the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gse0\">income statement wh<span class=\"ls28b ws259\">en they occur. <span class=\"ff42 fc16 sc1 ls1 ws1\"> </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gse1\">As defined by IFRS 9, cash fl<span class=\"_ _6\"></span>ow and fair value hedges are </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gse2\">initially recognised at fair value at the date the derivative </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2b1 ws2ba gse3\">contracts are entered into, and subsequently r<span class=\"_ _1\"></span>emeasured </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gse4\">at fair value. Changes in the fair value of derivatives that </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gse5\">are designated and qualify as<span class=\"ls28b ws259\"> effective cash flow hedge<span class=\"_ _6\"></span>s </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls297 ws2a8 gse6\">are recognised directly through o<span class=\"_ _1\"></span>ther comprehensive </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gse7\">income as a movement in the hedging and translation </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2b2 ws2a0 gse8\">reserve. Chan<span class=\"_ _6\"></span>ges in the fai<span class=\"_ _6\"></span>r <span class=\"ls277 ws28d\">value of derivatives that are </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gse9\">designated and qualify as effective fair value hedges are </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gsea\">recorded in the Capital and other column of the income </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gseb\">statement, along with any chan<span class=\"ls26f ws284\">ges in the fair value of the </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gsec\">hedged item that is attributable to the hedged risk. Any </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gsed\">ineffective portion of all derivatives is recognised in the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gsee\">Capital and other column of the income statement. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gsef\">Changes in the fair value of derivatives that are not in </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gsf0\">a designated hedging relationship under IFRS 9 are </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gsf1\">recorded directly in the Capital and other column of the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2b3 ws2bb gsf2\">income<span class=\"_ _1\"></span> statement. T<span class=\"_ _1\"></span>hese deri<span class=\"ls289 ws29b\">vatives are carried at fair </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gsf3\">value on the balance sheet. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls295 ws2a6 gsf4\">Cash equivalents include short te<span class=\"_ _6\"></span>rm deposits that are </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gsf5\">instruments with a maturity of less than three months, </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gsf6\">and tenant deposits.  </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls29e ws1 gsf7\">Revenue </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws25b gsf8\">Revenue comprises rental income and surrender premia, </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gsf9\">service charge income, man<span class=\"_ _6\"></span>agement and performance </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gsfa\">fees and proceeds from the sale of t<span class=\"_ _6\"></span>rading properties.  </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gsfb\">Rental income and surrender premia are recognised in </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gsfc\">accordance with IFRS 16. For leases where a single </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2b4 ws2bc gsfd\">payment is re<span class=\"_ _6\"></span>ceived to cov<span class=\"_ _d\"></span>er both rent and servic<span class=\"_ _6\"></span>e </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gsfe\">charge, the service charge component is separated out </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gsff\">and reported as service charge income. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs100\">Rental income, including fi<span class=\"ls299 ws2a3\">xed rental uplifts, from </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws287 gs101\">investment property leased out under an operating lease </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs102\">is recognised as revenue on a st<span class=\"_ _d\"></span>r<span class=\"_ _1\"></span>aight-line basis over th<span class=\"_ _6\"></span>e </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28e ws29f gs103\">lease term. Tenant incentives, such as rent-free periods </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs104\">and cash contributions to tenant<span class=\"ls288 ws295\"> fit-out, are recognised on </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28b ws259 gs105\">the same straight-line basis <span class=\"_ _6\"></span>be<span class=\"ls27d ws292\">ing an integral part of the </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls277 ws28d gs106\">net consideration for the use of the investment property. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gs107\">Any rent adjustments based on open ma<span class=\"_ _6\"></span>rket estimated<span class=\"_ _458\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs108\">rental values are recognised, based on management </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs109\">estimates, from the rent review date in relation to </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs10a\">unsettled rent reviews. Contingent rents, being those lease </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs10b\">payments that are not fixed at the inception of the lease, </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws287 gs10c\">including for example turnover rents, are recognised in the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls270 ws285 gs10d\">period in which they are earned. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28b ws259 gs10e\">Lease modifications are defi<span class=\"_ _6\"></span>ned as a change in the scope </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs10f\">of a lease, or the consideration of a lease, that was not </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs110\">part of the original terms and conditions of the lease. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs111\">Modifications to operating le<span class=\"ls289 ws29b\">ases the Group holds as a </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27e ws293 gs112\">lessor are accounted for from the effective date of<span class=\"_ _6\"></span> the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs113\">modification. Modifications take into account any prepaid </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs114\">or accrued lease payments relating to the original lease as </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls270 ws285 gs115\">part of the lease payments for the new lease. <span class=\"_ _6\"></span>The revised </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs116\">remaining consideration under the modified lease is then </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs117\">recognised in rental income on a straight-line basis ove<span class=\"_ _6\"></span>r </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs118\">the remaining lease term. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs119\">Concessions granted to tenants for operating lease </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs11a\">receivables where prior demanded lease payments have </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gs11b\">been reduced or waived for a specified period are </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27e ws293 gs11c\">accounted for as an expected<span class=\"_ _6\"></span><span class=\"ls2b5 ws2bd\"> credit loss. Conces<span class=\"_ _6\"></span>sions </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs11d\">granted to tenants for future lease payments are </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs11e\">accounted for as a lease modification.  </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2b6 ws299 gs11f\">Surrender pre<span class=\"_ _6\"></span>mia for the earl<span class=\"_ _6\"></span>y termination of a<span class=\"_ _d\"></span> lease are </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gs120\">recognised as revenue when the amounts <span class=\"_ _6\"></span>become </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls277 ws28d gs121\">contractually due, net of dilapidations and non-<span class=\"_ _458\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs122\">recoverable outgoings relating to the lease concerned.  </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs123\">The Group applies the five-step-model as required by IFRS </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls298 ws2ac gs124\">15 \u2018Revenue from <span class=\"_ _6\"></span>Contracts with Custome<span class=\"_ _6\"></span>rs\u2019 in recognisin<span class=\"_ _6\"></span>g </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs125\">its service charge income, management and performance </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs126\">fees and proceeds from the sale of t<span class=\"_ _6\"></span>rading properties. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs127\">Service charge income is recognised as revenue in the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs128\">period to which it relates.  </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gs129\">Management fees are recognised as <span class=\"_ _6\"></span>revenue in the period </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs12a\">to which they relate and include the provision of asset </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws2be gs12b\">management, property management, development </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws25b gs12c\">management and administration services to jo<span class=\"_ _1\"></span>int ventures. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls295 ws2a6 gs12d\">Performance fees are rec<span class=\"_ _6\"></span>ognised at the end of the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs12e\">performance period when the performance obligations are </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls277 ws28d gs12f\">met, the fee amount can be es<span class=\"ls272 ws287\">timated reliably and it is </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws287 gs130\">highly probable that the fee will be received. Performance </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28b ws259 gs131\">fees are based on p<span class=\"_ _6\"></span>roperty valuations compared to </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs132\">external benchmarks at the end of the reporting period.  </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2b7 ws2bf gs133\">Proceeds from the sale of trad<span class=\"ls281 ws295\">ing properties are recognis<span class=\"_ _1\"></span>ed </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls291 ws2a2 gs134\">when control ha<span class=\"_ _6\"></span>s been transferred t<span class=\"_ _6\"></span>o the purchaser. Thi<span class=\"_ _6\"></span>s </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2aa ws2b1 gs135\">generally occurs on completion<span class=\"ls2b7 ws2bf\">. Proceeds from the sale of </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls287 ws29a gs136\">trading properties are recognis<span class=\"ls2aa ws2b1\">ed as reve<span class=\"_ _1\"></span>nue in the Capital </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2b8 ws286 gs137\">and other column of the income statement.<span class=\"_ _1\"></span>  </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs138\">All other revenue described above is recognised in the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2b2 ws2a0 gs139\">Underlying colu<span class=\"_ _6\"></span>mn of the inco<span class=\"_ _6\"></span><span class=\"ls27d ws292\">me statement, except where </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a4 ws2aa gs13a\">revenue items are deemed to be unusual or significant by </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs13b\">virtue of their size or nature, where they are recognised </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls277 ws28d gs13c\">through the Capital and other column.  </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls29e ws1 gs13e\">Taxation </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs13f\">Current tax is based on taxable profit for th<span class=\"_ _6\"></span>e year and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs140\">is calculated using tax rates that have been enacted or </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs141\">substantively enacted at the balance sheet date. Taxable </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs142\">profit differs from net profit as reported in the income </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gs143\">statement because it excludes items of income or e<span class=\"_ _6\"></span>xpense </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs144\">that are not taxable (or tax deductible). </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gs145\">Deferred tax is provided on <span class=\"_ _6\"></span>items that may become </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs146\">taxable in the future, or which may be used to offset </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs147\">against taxable profits in the future, on the temporary </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28e ws29f gs148\">differences between the carrying amounts of assets and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs149\">liabilities for financial reporting purposes, and the amounts </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2b9 ws2c0 gs14a\">used for taxation purpos<span class=\"_ _1\"></span>es on an undiscounted basis. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls1 ws29d gs14b\">On business combinations, t<span class=\"_ _d\"></span>he <span class=\"ls29b ws1fd\">deferred tax effect of fair </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs14c\">value adjustments is incorpor<span class=\"ls24a ws258\">ated in the consolidated </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs14d\">balance sheet. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs14e\">Deferred tax assets and liabilities are netted off against </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs14f\">each other in the consolidated balance sheet when they </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs150\">relate to income taxes levied by the same tax authority </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs151\">on different taxable entities which intend to settle current </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs152\">tax assets and liabilities on a net basis. </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls2ba ws2c1 gs153\">Employee costs </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls287 ws29a gs154\">The fair value of equity-settled share-<span class=\"_ _1\"></span>based payments </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls278 ws285 gs155\">to employees is determine<span class=\"_ _1\"></span>d at the date of grant and is </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2bb ws2ac gs156\">expensed on a straight-line ba<span class=\"ls2bc ws2c2\">sis over the ve<span class=\"ls28f ws2a0\">sting period, </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2bd ws28c gs157\">based on the Group\u2019s estimate of<span class=\"ls286 ws299\"> shares or options that <span class=\"_ _1\"></span>will </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2ad ws292 gs158\">eventually ves<span class=\"_ _1\"></span>t. For all sche<span class=\"ls2aa ws2b1\">mes except the Group\u2019s Long </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2be ws2c3 gs159\">Term Incentive Plan and<span class=\"_ _6\"></span> Save As<span class=\"ls280 ws291\"> You Earn schemes, the f<span class=\"_ _1\"></span>air </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls287 ws29a gs15a\">value of awards are equal to the m<span class=\"_ _1\"></span>arket value at grant date. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls278 ws285 gs15b\">For options and performan<span class=\"_ _1\"></span>ce shares granted under the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a9 ws2b6 gs15c\">Long Term Incentive Plan, the fair values are determine<span class=\"_ _1\"></span>d </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a7 ws29d gs15d\">by Monte Carlo and Black-Scholes models.<span class=\"_ _1\"></span> A Black-Scholes </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24b ws259 gs15e\">model is used for the Save A<span class=\"_ _1\"></span>s You Earn schemes. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2bf ws2c4 gs15f\">Define<span class=\"_ _1\"></span>d benefit pensi<span class=\"_ _1\"></span>on scheme assets are me<span class=\"_ _1\"></span>asured using </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2c0 ws2c0 gs160\">fair values. Pen<span class=\"_ _6\"></span>sion scheme liabilities are measu<span class=\"_ _6\"></span>red using the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2c1 ws2c5 gs161\">projected unit credit<span class=\"_ _6\"></span> method and discounte<span class=\"_ _6\"></span>d at the rate of </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2c2 ws2c6 gs162\">return of a high quality corporate bond of equivalent term to </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2c2 ws2c7 gs163\">the scheme liabilities. The net surplus (where recoverable by </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2c3 ws29f gs164\">the Group) or <span class=\"_ _6\"></span>deficit is recognised<span class=\"_ _d\"></span> in full in the consolidated </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2c4 ws2c8 gs165\">balance sheet. Any asset resulting from the calculation is<span class=\"_ _6\"></span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2c5 ws2c9 gs166\">limited to the present va<span class=\"_ _6\"></span>lue of available ref<span class=\"_ _6\"></span>unds and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2c6 ws2b7 gs167\">reduc<span class=\"_ _1\"></span>tions in future con<span class=\"_ _1\"></span>tributions to th<span class=\"_ _1\"></span>e plan. The current </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2c7 ws2ca gs168\">service cost<span class=\"_ _d\"></span> and gains and losses on<span class=\"_ _d\"></span> <span class=\"_ _1\"></span>settl<span class=\"_ _6\"></span>ement and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2c8 ws285 gs169\">curtailments ar<span class=\"_ _6\"></span>e recognised<span class=\"_ _6\"></span> in the Un<span class=\"_ _6\"></span>derlying <span class=\"_ _6\"></span>column of t<span class=\"_ _6\"></span>he </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2c4 ws2cb gs16a\">income statement. Actuarial<span class=\"_ _6\"></span> gains and losses are <span class=\"_ _6\"></span>recognised </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2c9 ws2cc gs16b\">in full<span class=\"_ _1\"></span> in the period in whic<span class=\"_ _1\"></span>h they occur and ar<span class=\"_ _1\"></span>e presented in </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2ca ws2b9 gs16c\">the consolidated state<span class=\"_ _6\"></span>ment of comprehensive inc<span class=\"_ _6\"></span>ome.<span class=\"_ _458\"> </span></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls29e ws2af gs16d\">Critical accounting judgements and key sources </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls29e ws2af gs16e\">of estimation uncertainty </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs16f\">In applying the Group\u2019s accounting policies, the Directors </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs170\">are required to make critical accounting judgements and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs171\">assess key sources of estimation uncertainty that affect </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs172\">the financial statements.  </div><div class=\"t m0 h19d ff42 fs14f fc18 sc0 ls28b ws259 gs173\">Key sources of estimation un<span class=\"_ _6\"></span>certainty </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs174\">Valuation of investment and development properties and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs175\">the net realisable value of trading properties: The Group </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a3 ws2b1 gs176\">uses external profe<span class=\"_ _6\"></span>ssional<span class=\"ls299 ws2a3\"> valuers to determine the </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gs177\">relevant amounts. The primary source <span class=\"_ _6\"></span>of evidence for </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs178\">property valuations should be recent, comparable market </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs179\">transactions on an arm\u2019s le<span class=\"ls28d ws29a\">ngth basis. Ho<span class=\"_ _6\"></span>wever, the </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs17a\">valuation of the Group\u2019s property portfolio is inherently </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28d ws29a gs17b\">subjective, as it is based upon valu<span class=\"_ _6\"></span>er assumptions and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs17c\">estimations that form part of the key unobservable inputs </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs17d\">of the valuation, which may prove to be inaccurate. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2cb ws2cd gs17e\">Further deta<span class=\"_ _6\"></span>ils on th<span class=\"_ _6\"></span>e valuers\u2019<span class=\"ls26f ws284\"> assumptions, estimates a<span class=\"_ _6\"></span>nd </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gs17f\">associated key unobservable inputs and sensitivity </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a3 ws2b1 gs180\">disclosures, have been pr<span class=\"_ _6\"></span>ovid<span class=\"ls277 ws28d\">ed in Note 10. Additionally, </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs181\">the Group\u2019s investment in joint ventures can be materially </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws287 gs182\">impacted by the joint ventur<span class=\"ls274 ws289\">e property portfolio, and as </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls271 ws286 gs183\">such sensitivity disclosures <span class=\"_ _6\"></span>of<span class=\"ls26f ws284\"> the joint venture property </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs184\">portfolio have been provided in Note 10. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs185\">Other sources of estimation uncertainty that would not </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs186\">result in a material movement in the carrying amount in </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs187\">the next financial year include the valuation of interest rate </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs188\">derivatives, the determination of share-based payments, </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs189\">the actuarial assumptions used in calculating the Group\u2019s </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs18a\">retirement benefit obligations, the fair value of pension </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls1 ws29d gs18b\">scheme assets an<span class=\"_ _6\"></span>d taxation provisions.<span class=\"_ _458\"> </span></div><div class=\"t m0 h19d ff42 fs14f fc18 sc0 ls276 ws28c gs18c\">Critical accounting judgements <span class=\"_ _d\"></span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a8 ws2a6 gs18d\">The Directors do not consider<span class=\"ls2a9 ws2b6\"> there to be any critica<span class=\"_ _1\"></span>l </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2b7 ws2bf gs18e\">accounting judgements in th<span class=\"ls2bd ws28c\">e preparation of the Group\u2019s </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2cc ws2ce gs18f\">financial statements.  </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a7 ws29d gs190\">The following items are ongo<span class=\"ls278 ws285\">ing areas of accoun<span class=\"_ _1\"></span>ting </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2cd ws258 gs191\">judgement, however<span class=\"_ _1\"></span>, the Directors do not cons<span class=\"_ _1\"></span>ider </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a8 ws2a6 gs192\">these accounting judgements to be critical and m<span class=\"_ _1\"></span>aterial </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2aa ws2b1 gs193\">accounting judgement has not been required for any of </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a7 ws29d gs194\">these items in the current financial year.<span class=\"_ _1\"></span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls292 ws2a3 gs195\">REIT status: B<span class=\"_ _1\"></span>ritish Land is a Real Est<span class=\"_ _1\"></span>ate Investment </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls278 ws285 gs196\">Trust (REIT) and does not p<span class=\"_ _1\"></span>ay tax on its tax adjusted </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls286 ws299 gs197\">property income or gains on <span class=\"ws2a0\">investment property sales, </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a8 ws2a6 gs198\">provided that at least 90% o<span class=\"_ _1\"></span>f the Group\u2019s tax adjusted </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24b ws259 gs199\">property income is distr<span class=\"_ _1\"></span>ibuted as a dividend to </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls278 ws2cf gs19a\">shareholders, which become<span class=\"_ _1\"></span>s ta<span class=\"_ _6\"></span><span class=\"ls2bb ws2ac\">xable in their hands. In </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a6 ws287 gs19b\">addition, the G<span class=\"_ _1\"></span>roup has to meet certain cond<span class=\"_ _1\"></span>itions such as </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2bb ws2ac gs19c\">ensuring the property rental <span class=\"ls2ce ws2ad\">business represents more than </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a9 ws2b6 gs19d\">75% of total profits and assets<span class=\"ls28f ws2a0\">. Any potential or proposed </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2ad ws292 gs19e\">changes to the REIT legis<span class=\"_ _1\"></span>lation are monitored and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls280 ws291 gs19f\">discussed wit<span class=\"_ _1\"></span>h HMRC. It is management\u2019s i<span class=\"_ _1\"></span>ntention that the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2cf ws2d0 gs1a0\">Group will c<span class=\"_ _6\"></span>ontinue as a REI<span class=\"_ _6\"></span>T<span class=\"ls2d0 ws2bd\"> for the foreseeable future.</span><span class=\"ls2d0 ws2bd\"> </span></div>Accounting for joint ventures: In accordance with IFRS 10 \u2018Consolidated Financial Statements\u2019, IFRS 11 \u2018Joint Arrangements\u2019 and IFRS 12 \u2018Disclosure of Int<span class=\"_ _6\"></span>erests in Other Entities\u2019, an as<span class=\"_ _1\"></span>sessment is required to<span class=\"_ _1\"></span> determine the degree of control or influence the Gro<span class=\"_ _1\"></span>up exercises and the form of any contr<span class=\"_ _1\"></span>ol to ensure that t<span class=\"_ _1\"></span>he financial sta<span class=\"_ _1\"></span>tement treatm<span class=\"_ _1\"></span>ent is appropr<span class=\"_ _1\"></span>iate. The assessme<span class=\"_ _1\"></span>nt undertaken by ma<span class=\"_ _1\"></span>nagement includes co<span class=\"_ _1\"></span>nsideration of <span class=\"_ _1\"></span>the structure, leg<span class=\"_ _1\"></span>al form, contractual terms and other facts and circumstances relating to the relevant entity. This <span class=\"_ _6\"></span>assessment is updated ann<span class=\"_ _6\"></span>ually and there<span class=\"_ _1\"></span> have been no changes<span class=\"_ _1\"></span> in the judgement r<span class=\"_ _1\"></span>eached in relation to the degr<span class=\"_ _1\"></span>ee <span class=\"_ _6\"></span>of control the Gro<span class=\"_ _1\"></span>up exercises within the current or prior year. An assessment was performed for the 2 Fins<span class=\"_ _1\"></span>bury Avenue jo<span class=\"_ _1\"></span>int venture tr<span class=\"_ _1\"></span>ansaction w<span class=\"_ _1\"></span>ithin the Broadgate joint ventu<span class=\"_ _6\"></span>re that occurred in<span class=\"_ _6\"></span> the current year, a<span class=\"_ _6\"></span>nd the 1 Triton Square joint<span class=\"_ _6\"></span> venture transaction<span class=\"_ _6\"></span> that occurred in the prior year (see Note 11). No<span class=\"_ _6\"></span> critical accounting judgement was identified i<span class=\"_ _6\"></span>n the assessment <span class=\"_ _6\"></span>of the 2 Fin<span class=\"_ _6\"></span>sbury Avenue join<span class=\"_ _1\"></span>t venture tran<span class=\"_ _1\"></span>saction wi<span class=\"_ _1\"></span>thin the Broadga<span class=\"_ _1\"></span>te joint vent<span class=\"_ _1\"></span>ure in the current financial year, owing to the ow<span class=\"_ _6\"></span>nership structure of the<span class=\"_ _1\"></span> joint ventur<span class=\"_ _1\"></span>e. As previous<span class=\"_ _1\"></span>ly disclose<span class=\"_ _1\"></span>d, no critica<span class=\"_ _1\"></span>l accounting judgem<span class=\"_ _6\"></span>ent was identifi<span class=\"_ _6\"></span>ed in the asse<span class=\"_ _6\"></span>ssment of the 1 Triton Square joint vent<span class=\"_ _d\"></span>ure transaction in the prior year. Joint ventures are accounted for<span class=\"_ _1\"></span> under the equity meth<span class=\"_ _6\"></span>od, whereby the consolidated bala<span class=\"ls273 ws288\">nce sheet incorporates t<span class=\"_ _6\"></span>he </span>Group\u2019s share of the net assets of its joint ventures. The consolidated income statemen<span class=\"ls24d ws25b\">t incorporates the G<span class=\"_ _6\"></span>roup\u2019s </span>share of joint ventures profits after tax. Th<span class=\"_ _d\"></span>e Group\u2019s share of joint ventures results and net assets are disclosed in Note 11 to the financial statements. Accounting for transactions: Property transactions a<span class=\"_ _6\"></span>re complex in nature and can be material to the financial statements. Judgements made in relation to transactions include whether an acquisition is a business combination or an asset; whether held for sale criteria have been met for transactions not yet <span class=\"ls275 ws28a\">completed; accounting for </span>transaction costs and co<span class=\"_ _1\"></span>ntingent consideration; and application of the concept of linked accounting. Management considers each transaction separ<span class=\"_ _1\"></span>ately in order to determine the most appropriate accounting treatment, and, when considered necessa<span class=\"_ _6\"></span>ry, seeks independent advice. Management considered the accounting of the Meadowhall Shopping Centre joint venture disposal and the 2 Finsbury Avenue joint venture transaction within the Broadgate joint venture in the current year, as well as the 1 Triton Square joint venture transaction in the prior year (see Note 11).<span class=\"fc19 ls1 ws1\"> </span>Consideration of climate change  In preparing the financial statements, the impact of climate change has been considered, particularly in the context of the Task Force on Climate-related Financial Disclosures (TCFD) included<span class=\"ls299 ws2a3\"> within the Sustainability </span>section of the Strategic Report. Whilst noting the Group\u2019s commitment to sustainability, there has not been a material impact on the financial reporting judgements and estimates arising from our considerations, which include physical climate and transi<span class=\"ls2a2 ws25a\">tional risk asse<span class=\"_ _6\"></span>ssments </span>conducted by the Group. This is consistent with our assessment that climate change is not expected to have<span class=\"_ _6\"></span> a material impact on the cas<span class=\"_ _6\"></span>h flows of the Group,<span class=\"_ _6\"></span> including those included within the going concern and viability assessments in the medium <span class=\"ls299 ws2a3\">term. Notwithstanding this, </span>the following should be note<span class=\"ls299 ws2a3\">d, which is relevant to </span>understanding the impact of<span class=\"ls270 ws285\"> climate change on the </span>financial statements: \u2022<span class=\"ff48\"> <span class=\"_ _1a\"> </span><span class=\"ff43 fc18 ls274 ws289\">As part of the Group\u2019s 2030 Sustainability Strategy, </span></span>the Group\u2019s Transition<span class=\"_ _6\"></span> Vehicl<span class=\"ls27e ws293\">e applies an internal levy </span>of \u00a390 per tonne to the <span class=\"ls289 ws29b\">embodied carbon within </span>developments. Two-thirds of the internal levy is available to finance carbon efficient interventions which improve energy efficiency and <span class=\"_ _6\"></span>reduce carbon emissions from our standing portfolio. The remaining third is used to purchase carbon credits to mitigate the residual embodied carbon in our developments. The Group committed \u00a31m to carbon efficient interventions in the year to 31 March 2025 (2023/24: \u00a35m). The Group spent \u00a33m (2023/24: \u00a31m) in the year to 31 March<span class=\"_ _6\"></span> 2025 on carbon effi<span class=\"_ _6\"></span>cient interventions, of which \u00a32m is recoverable through the service charge. \u2022<span class=\"ff48\"> <span class=\"_ _1a\"> </span><span class=\"ff43 fc18 ls289 ws29b\">The Group has purchased and retired carbon credits </span></span>in the year to offset the residual embodied carbon in developments. This is the embodied<span class=\"_ _6\"></span> carbon that remains once we have done everything economically and practically viable to reduce embodied carbon through material reuse, design efficiency and materials specification. The cost of purchasing these credits was capitalised as part of<span class=\"_ _6\"></span> the cost of the development. The cost of purchasing these credits was \u00a31m for the year ended 31 March <span class=\"_ _6\"></span>2025 (2023/24: \u00a31m). \u2022<span class=\"ff48\"> <span class=\"_ _1a\"> </span><span class=\"ff43 fc18 ls271 ws286\">As part of the valuation proc<span class=\"_ _6\"></span>ess, the Group h<span class=\"_ _6\"></span>as </span></span>discussed the impact of su<span class=\"_ _6\"></span>stainability and Environmental, Social and Governance factors with the external valuers who value the investment and development properties of the Group. The physical climate and transitional risk analysis conducted by the Group has been shared with, and discussed with, the valuers as part of the six-monthly valuation process (see Note 10 for further details). <span class=\"_ _6\"></span>As such, the impact of sustainability and Environmental, Social and Governance factor<span class=\"_ _6\"></span><span class=\"ls289 ws29b\">s is considered as part </span>of the valuation process, to the extent possible market participants would, and is included within the derived valuation as at the balance sheet date. The Group ensures th<span class=\"_ _6\"></span>at to the fullest extent possible,<span class=\"_ _6\"></span> the four valuers are materially consistent in their application of the consideration of these factors on the property valuations.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-489": {
   "value": "Basis of preparation The financial statements for th<span class=\"ls270 ws285\">e year ended 31 Ma<span class=\"_ _6\"></span>rch 2025 </span>have been prepared on th<span class=\"_ _6\"></span>e historical cost basis,<span class=\"_ _6\"></span> except for the revaluation of properties, investments classified as fair value through profit or loss and derivatives. The financial statements have been prepar<span class=\"ls273 ws288\">ed in acc<span class=\"_ _6\"></span>ordance with UK-<span class=\"_ _458\"> </span></span>adopted International Accounting Standards and with the requirements of the Companies Act 2006 as applicable to companies reporting under those standards.<span class=\"_ _458\"> </span>The Group has applied the following minor amendments to standards to the financial <span class=\"_ _d\"></span><span class=\"ls277 ws28d\">statements for<span class=\"_ _1\"></span> the first time </span>for the year ended 31 March<span class=\"_ _6\"></span> 2025: IAS<span class=\"_ _d\"></span> 1 \u2018P<span class=\"_ _d\"></span>rese<span class=\"_ _6\"></span>nt<span class=\"_ _6\"></span>ati<span class=\"_ _6\"></span>on <span class=\"_ _d\"></span>of Financial State<span class=\"_ _1\"></span>ments\u2019 on the classification of liab<span class=\"_ _1\"></span>ilities and non-current<span class=\"_ _6\"></span> liabiliti<span class=\"_ _6\"></span>es with cove<span class=\"ls27a ws290\">nants, IFRS 16 \u2018Leases\u2019 on </span>sale and leaseback arrange<span class=\"_ _1\"></span>ments and IFRS 8 \u2018Operating Seg<span class=\"_ _d\"></span>ments<span class=\"_ _6\"></span>\u2019 A<span class=\"_ _d\"></span>genda<span class=\"_ _6\"></span> De<span class=\"_ _d\"></span>cision<span class=\"_ _d\"></span>.<span class=\"_ _1\"></span> The amendments did not h<span class=\"_ _d\"></span>ave any material impact on amount<span class=\"ls274 ws289\">s recognised in prior years </span>and are not expected to materially affect c<span class=\"_ _6\"></span>urrent and future years. The standards and amendments which have been issued but are not ye<span class=\"_ _1\"></span>t effective include IFRS 18 \u2018Pr<span class=\"_ _1\"></span>esentation and Disclosure in Financ<span class=\"_ _1\"></span>ial Statements\u2019 and amendmen<span class=\"_ _1\"></span>ts to both IFRS 9 \u2018Financial Ins<span class=\"_ _1\"></span>truments\u2019 and IFRS 7 \u2018Financial Inst<span class=\"_ _6\"></span>rume<span class=\"_ _6\"></span>nts:<span class=\"_ _6\"></span> Discl<span class=\"_ _d\"></span>osures\u2019 i<span class=\"_ _6\"></span>n re<span class=\"ls27f ws293\">spect of the classification and </span>measurement of fina<span class=\"_ _6\"></span>ncial inst<span class=\"ls285 ws298\">rumen<span class=\"_ _6\"></span>ts. With the exce<span class=\"_ _6\"></span>ption </span>of IFRS 18, which the Group is <span class=\"ls286 ws299\">still assessing and the impact </span>to the financia<span class=\"_ _1\"></span>l statements is not yet known, these amendments to standards that <span class=\"ls24b ws259\">are not yet <span class=\"_ _1\"></span>effective are not </span>expected to have a materi<span class=\"_ _1\"></span>al impact on the Group\u2019s results. These financial statements are presented in Pounds Sterling which is the function<span class=\"ls249 ws28e\">al currency of the Group, </span>to the nearest million.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-518": {
   "value": "The financial statements have been prepar<span class=\"ls273 ws288\">ed in acc<span class=\"_ _6\"></span>ordance with UK-<span class=\"_ _458\"> </span></span>adopted International Accounting Standards and with the requirements of the Companies Act 2006 as applicable to companies reporting under those standards.<span class=\"_ _458\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-490": {
   "value": "Going concern The financial statements are <span class=\"ls27e ws293\">prepared on a<span class=\"_ _6\"></span> going concern </span>basis. The consolidated balance sheet shows that the Group is in a net current liability position, predominantly due to short term borrowings <span class=\"ls249\">and overd<span class=\"_ _d\"></span>rafts of \u00a3311m and </span>current creditors of \u00a3263m.<span class=\"_ _6\"></span><span class=\"ls1 ws29d\"> The Group has acce<span class=\"_ _6\"></span>ss to </span>\u00a31.8bn of undrawn facilities and cash, which provides the Directors with a reasonable <span class=\"ls288 ws295\">expectation that the Group<span class=\"_ _6\"></span> </span>will be able to meet these current liabilities as they fall due. In making t<span class=\"_ _6\"></span>his assessme<span class=\"ls24a ws258\">nt the Directors took into </span>account forecast cash flow<span class=\"_ _6\"></span><span class=\"ls277 ws28d\">s and covenant compliance, </span>including stress testing through the impact of sensitivities as part of a \u2018severe but pl<span class=\"ls28b ws259\">au<span class=\"_ _d\"></span>sible downside scenario\u2019. </span>Before factoring in any income receivable, the undrawn facilities and cash would also be sufficient to cover forecast capital expenditure, property operating costs, administrative expenses, maturing debt and interest for a minimum of 12 months from <span class=\"_ _6\"></span><span class=\"ls275 ws28a\">the approval date of these </span>financial statements.  Having assessed the principal risks, the Directors believe that the Group i<span class=\"_ _6\"></span>s well plac<span class=\"_ _6\"></span>ed to manage its financin<span class=\"_ _6\"></span>g and other business risks satisfac<span class=\"ls291 ws2a2\">torily<span class=\"_ _6\"></span> despite the unce<span class=\"_ _6\"></span>rtain </span>economic climate, and <span class=\"_ _1\"></span>have a reasonable expectation that the Company and the Group<span class=\"_ _1\"></span> have adequate resources to continue in op<span class=\"_ _1\"></span>eration for at least 12 mon<span class=\"_ _1\"></span>ths from the signing date of these financ<span class=\"_ _1\"></span>ial statements. Accordingly, they <span class=\"_ _1\"></span>believe the going concern basis is a<span class=\"_ _1\"></span>n appropriate one.<span class=\"_ _458\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-557": {
   "value": "Subsidiaries and joint ventures  The consolidated accounts include the accounts of The British Land Company PLC (the Company) and all subsidiaries (entities controlled<span class=\"ls294 ws2a5\"> by British Land). Control is </span>assumed where the Compan<span class=\"_ _6\"></span>y is exposed, or<span class=\"_ _6\"></span> has the rights, to variable returns from its involvement with investees and has the ability to affect those returns through its power over those investees. The results of subsidiaries and joint ventures acquired or disposed of during<span class=\"_ _6\"></span> the <span class=\"ls296 ws2a7\">year are i<span class=\"_ _1\"></span>ncluded from the </span>effective date of acquisition or up to the effective date of disposal. Accounting policies of sub<span class=\"_ _6\"></span>sidiaries and joint ventures which differ from Group acco<span class=\"_ _1\"></span>unting policies are adjusted on consolidation.  All intra-Group transactions, balances, income and expenses are eliminated on co<span class=\"ls21c ws2a9\">nsolidation. Joint ventures </span>are accounted for under the <span class=\"ls275 ws28a\">equity method, whereby the </span>consolidated balance sheet in<span class=\"ls298 ws2ac\">corporates the Group\u2019s sh<span class=\"_ _6\"></span>are </span>(investor\u2019s share) of the net <span class=\"ls26f ws284\">assets of its joint ventures. </span>The consolidated income st<span class=\"ls275 ws28a\">atement incorporates the </span>Group\u2019s share of joint ven<span class=\"_ _6\"></span>tures profits after ta<span class=\"_ _6\"></span>x. Their profits include revaluation movements on properties. Where joint ventures generate losses after tax, these are recognised initially against th<span class=\"ls295 ws2a6\">e Group\u2019s equity investmen<span class=\"_ _6\"></span>t. </span>If the Group\u2019s equity investment is nil, these are subsequently then recognised against other long term interests, principally long term loans. Distribution<span class=\"_ _6\"></span>s and other <span class=\"_ _6\"></span>receivables from<span class=\"_ _d\"></span> joint ventures are classed as cash<span class=\"_ _6\"></span> flows from operating a<span class=\"_ _6\"></span>ctivities, except where they relate to a cash flow arising from a capital transaction, such as a<span class=\"_ _6\"></span> property or invest<span class=\"_ _6\"></span>ment disposal. In this case they are classed<span class=\"_ _d\"></span> as cash flows from investing activities.  The Group assesses the recoverability of investments in and loans to joint ventures ag<span class=\"ls27c ws291\">ainst the joint venture\u2019s net </span>asset value. Amounts due are exp<span class=\"_ _6\"></span>ected to be recovered by a joint venture selling its properties and investments and settling financial assets, net of financial liabilities. The net asset value of a joint venture is considered to be a reasonable approximation of the available assets that could be realised to recover the amounts due and the requirement to recognise expected c<span class=\"_ _6\"></span>redit losses. Impairment of investments in joint ventures is calculated in accordance with IAS 36 \u2018I<span class=\"_ _d\"></span>mpairment of Assets\u2019, and impairment of loans to joint ventures is calculated in accordance with IFRS 9 \u2018Financial Instruments\u2019. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-549": {
   "value": "Subsidiaries and joint ventures  The consolidated accounts include the accounts of The British Land Company PLC (the Company) and all subsidiaries (entities controlled<span class=\"ls294 ws2a5\"> by British Land). Control is </span>assumed where the Compan<span class=\"_ _6\"></span>y is exposed, or<span class=\"_ _6\"></span> has the rights, to variable returns from its involvement with investees and has the ability to affect those returns through its power over those investees. The results of subsidiaries and joint ventures acquired or disposed of during<span class=\"_ _6\"></span> the <span class=\"ls296 ws2a7\">year are i<span class=\"_ _1\"></span>ncluded from the </span>effective date of acquisition or up to the effective date of disposal. Accounting policies of sub<span class=\"_ _6\"></span>sidiaries and joint ventures which differ from Group acco<span class=\"_ _1\"></span>unting policies are adjusted on consolidation.  All intra-Group transactions, balances, income and expenses are eliminated on co<span class=\"ls21c ws2a9\">nsolidation. Joint ventures </span>are accounted for under the <span class=\"ls275 ws28a\">equity method, whereby the </span>consolidated balance sheet in<span class=\"ls298 ws2ac\">corporates the Group\u2019s sh<span class=\"_ _6\"></span>are </span>(investor\u2019s share) of the net <span class=\"ls26f ws284\">assets of its joint ventures. </span>The consolidated income st<span class=\"ls275 ws28a\">atement incorporates the </span>Group\u2019s share of joint ven<span class=\"_ _6\"></span>tures profits after ta<span class=\"_ _6\"></span>x. Their profits include revaluation movements on properties. Where joint ventures generate losses after tax, these are recognised initially against th<span class=\"ls295 ws2a6\">e Group\u2019s equity investmen<span class=\"_ _6\"></span>t. </span>If the Group\u2019s equity investment is nil, these are subsequently then recognised against other long term interests, principally long term loans. Distribution<span class=\"_ _6\"></span>s and other <span class=\"_ _6\"></span>receivables from<span class=\"_ _d\"></span> joint ventures are classed as cash<span class=\"_ _6\"></span> flows from operating a<span class=\"_ _6\"></span>ctivities, except where they relate to a cash flow arising from a capital transaction, such as a<span class=\"_ _6\"></span> property or invest<span class=\"_ _6\"></span>ment disposal. In this case they are classed<span class=\"_ _d\"></span> as cash flows from investing activities.  The Group assesses the recoverability of investments in and loans to joint ventures ag<span class=\"ls27c ws291\">ainst the joint venture\u2019s net </span>asset value. Amounts due are exp<span class=\"_ _6\"></span>ected to be recovered by a joint venture selling its properties and investments and settling financial assets, net of financial liabilities. The net asset value of a joint venture is considered to be a reasonable approximation of the available assets that could be realised to recover the amounts due and the requirement to recognise expected c<span class=\"_ _6\"></span>redit losses. Impairment of investments in joint ventures is calculated in accordance with IAS 36 \u2018I<span class=\"_ _d\"></span>mpairment of Assets\u2019, and impairment of loans to joint ventures is calculated in accordance with IFRS 9 \u2018Financial Instruments\u2019. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-541": {
   "value": "Subsidiaries and joint ventures  The consolidated accounts include the accounts of The British Land Company PLC (the Company) and all subsidiaries (entities controlled<span class=\"ls294 ws2a5\"> by British Land). Control is </span>assumed where the Compan<span class=\"_ _6\"></span>y is exposed, or<span class=\"_ _6\"></span> has the rights, to variable returns from its involvement with investees and has the ability to affect those returns through its power over those investees. The results of subsidiaries and joint ventures acquired or disposed of during<span class=\"_ _6\"></span> the <span class=\"ls296 ws2a7\">year are i<span class=\"_ _1\"></span>ncluded from the </span>effective date of acquisition or up to the effective date of disposal. Accounting policies of sub<span class=\"_ _6\"></span>sidiaries and joint ventures which differ from Group acco<span class=\"_ _1\"></span>unting policies are adjusted on consolidation.  All intra-Group transactions, balances, income and expenses are eliminated on co<span class=\"ls21c ws2a9\">nsolidation. Joint ventures </span>are accounted for under the <span class=\"ls275 ws28a\">equity method, whereby the </span>consolidated balance sheet in<span class=\"ls298 ws2ac\">corporates the Group\u2019s sh<span class=\"_ _6\"></span>are </span>(investor\u2019s share) of the net <span class=\"ls26f ws284\">assets of its joint ventures. </span>The consolidated income st<span class=\"ls275 ws28a\">atement incorporates the </span>Group\u2019s share of joint ven<span class=\"_ _6\"></span>tures profits after ta<span class=\"_ _6\"></span>x. Their profits include revaluation movements on properties. Where joint ventures generate losses after tax, these are recognised initially against th<span class=\"ls295 ws2a6\">e Group\u2019s equity investmen<span class=\"_ _6\"></span>t. </span>If the Group\u2019s equity investment is nil, these are subsequently then recognised against other long term interests, principally long term loans. Distribution<span class=\"_ _6\"></span>s and other <span class=\"_ _6\"></span>receivables from<span class=\"_ _d\"></span> joint ventures are classed as cash<span class=\"_ _6\"></span> flows from operating a<span class=\"_ _6\"></span>ctivities, except where they relate to a cash flow arising from a capital transaction, such as a<span class=\"_ _6\"></span> property or invest<span class=\"_ _6\"></span>ment disposal. In this case they are classed<span class=\"_ _d\"></span> as cash flows from investing activities.  The Group assesses the recoverability of investments in and loans to joint ventures ag<span class=\"ls27c ws291\">ainst the joint venture\u2019s net </span>asset value. Amounts due are exp<span class=\"_ _6\"></span>ected to be recovered by a joint venture selling its properties and investments and settling financial assets, net of financial liabilities. The net asset value of a joint venture is considered to be a reasonable approximation of the available assets that could be realised to recover the amounts due and the requirement to recognise expected c<span class=\"_ _6\"></span>redit losses. Impairment of investments in joint ventures is calculated in accordance with IAS 36 \u2018I<span class=\"_ _d\"></span>mpairment of Assets\u2019, and impairment of loans to joint ventures is calculated in accordance with IFRS 9 \u2018Financial Instruments\u2019. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-519": {
   "value": "Subsidiaries and joint ventures  The consolidated accounts include the accounts of The British Land Company PLC (the Company) and all subsidiaries (entities controlled<span class=\"ls294 ws2a5\"> by British Land). Control is </span>assumed where the Compan<span class=\"_ _6\"></span>y is exposed, or<span class=\"_ _6\"></span> has the rights, to variable returns from its involvement with investees and has the ability to affect those returns through its power over those investees. The results of subsidiaries and joint ventures acquired or disposed of during<span class=\"_ _6\"></span> the <span class=\"ls296 ws2a7\">year are i<span class=\"_ _1\"></span>ncluded from the </span>effective date of acquisition or up to the effective date of disposal. Accounting policies of sub<span class=\"_ _6\"></span>sidiaries and joint ventures which differ from Group acco<span class=\"_ _1\"></span>unting policies are adjusted on consolidation.  All intra-Group transactions, balances, income and expenses are eliminated on co<span class=\"ls21c ws2a9\">nsolidation. Joint ventures </span>are accounted for under the <span class=\"ls275 ws28a\">equity method, whereby the </span>consolidated balance sheet in<span class=\"ls298 ws2ac\">corporates the Group\u2019s sh<span class=\"_ _6\"></span>are </span>(investor\u2019s share) of the net <span class=\"ls26f ws284\">assets of its joint ventures. </span>The consolidated income st<span class=\"ls275 ws28a\">atement incorporates the </span>Group\u2019s share of joint ven<span class=\"_ _6\"></span>tures profits after ta<span class=\"_ _6\"></span>x. Their profits include revaluation movements on properties. Where joint ventures generate losses after tax, these are recognised initially against th<span class=\"ls295 ws2a6\">e Group\u2019s equity investmen<span class=\"_ _6\"></span>t. </span>If the Group\u2019s equity investment is nil, these are subsequently then recognised against other long term interests, principally long term loans. Distribution<span class=\"_ _6\"></span>s and other <span class=\"_ _6\"></span>receivables from<span class=\"_ _d\"></span> joint ventures are classed as cash<span class=\"_ _6\"></span> flows from operating a<span class=\"_ _6\"></span>ctivities, except where they relate to a cash flow arising from a capital transaction, such as a<span class=\"_ _6\"></span> property or invest<span class=\"_ _6\"></span>ment disposal. In this case they are classed<span class=\"_ _d\"></span> as cash flows from investing activities.  The Group assesses the recoverability of investments in and loans to joint ventures ag<span class=\"ls27c ws291\">ainst the joint venture\u2019s net </span>asset value. Amounts due are exp<span class=\"_ _6\"></span>ected to be recovered by a joint venture selling its properties and investments and settling financial assets, net of financial liabilities. The net asset value of a joint venture is considered to be a reasonable approximation of the available assets that could be realised to recover the amounts due and the requirement to recognise expected c<span class=\"_ _6\"></span>redit losses. Impairment of investments in joint ventures is calculated in accordance with IAS 36 \u2018I<span class=\"_ _d\"></span>mpairment of Assets\u2019, and impairment of loans to joint ventures is calculated in accordance with IFRS 9 \u2018Financial Instruments\u2019. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-491": {
   "value": "Subsidiaries and joint ventures  The consolidated accounts include the accounts of The British Land Company PLC (the Company) and all subsidiaries (entities controlled<span class=\"ls294 ws2a5\"> by British Land). Control is </span>assumed where the Compan<span class=\"_ _6\"></span>y is exposed, or<span class=\"_ _6\"></span> has the rights, to variable returns from its involvement with investees and has the ability to affect those returns through its power over those investees. The results of subsidiaries and joint ventures acquired or disposed of during<span class=\"_ _6\"></span> the <span class=\"ls296 ws2a7\">year are i<span class=\"_ _1\"></span>ncluded from the </span>effective date of acquisition or up to the effective date of disposal. Accounting policies of sub<span class=\"_ _6\"></span>sidiaries and joint ventures which differ from Group acco<span class=\"_ _1\"></span>unting policies are adjusted on consolidation.  All intra-Group transactions, balances, income and expenses are eliminated on co<span class=\"ls21c ws2a9\">nsolidation. Joint ventures </span>are accounted for under the <span class=\"ls275 ws28a\">equity method, whereby the </span>consolidated balance sheet in<span class=\"ls298 ws2ac\">corporates the Group\u2019s sh<span class=\"_ _6\"></span>are </span>(investor\u2019s share) of the net <span class=\"ls26f ws284\">assets of its joint ventures. </span>The consolidated income st<span class=\"ls275 ws28a\">atement incorporates the </span>Group\u2019s share of joint ven<span class=\"_ _6\"></span>tures profits after ta<span class=\"_ _6\"></span>x. Their profits include revaluation movements on properties. Where joint ventures generate losses after tax, these are recognised initially against th<span class=\"ls295 ws2a6\">e Group\u2019s equity investmen<span class=\"_ _6\"></span>t. </span>If the Group\u2019s equity investment is nil, these are subsequently then recognised against other long term interests, principally long term loans. Distribution<span class=\"_ _6\"></span>s and other <span class=\"_ _6\"></span>receivables from<span class=\"_ _d\"></span> joint ventures are classed as cash<span class=\"_ _6\"></span> flows from operating a<span class=\"_ _6\"></span>ctivities, except where they relate to a cash flow arising from a capital transaction, such as a<span class=\"_ _6\"></span> property or invest<span class=\"_ _6\"></span>ment disposal. In this case they are classed<span class=\"_ _d\"></span> as cash flows from investing activities.  The Group assesses the recoverability of investments in and loans to joint ventures ag<span class=\"ls27c ws291\">ainst the joint venture\u2019s net </span>asset value. Amounts due are exp<span class=\"_ _6\"></span>ected to be recovered by a joint venture selling its properties and investments and settling financial assets, net of financial liabilities. The net asset value of a joint venture is considered to be a reasonable approximation of the available assets that could be realised to recover the amounts due and the requirement to recognise expected c<span class=\"_ _6\"></span>redit losses. Impairment of investments in joint ventures is calculated in accordance with IAS 36 \u2018I<span class=\"_ _d\"></span>mpairment of Assets\u2019, and impairment of loans to joint ventures is calculated in accordance with IFRS 9 \u2018Financial Instruments\u2019. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-14": {
   "value": "The British Land Company PLC",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-487": {
   "value": "The British Land Company PLC",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-485": {
   "value": "PLC",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-492": {
   "value": "Properties Properties are externally valu<span class=\"ls270 ws285\">ed at the balance sheet date. </span>Investment properties are re<span class=\"ls276 ws28c\">corded at val<span class=\"_ _6\"></span>uation whereas </span>trading properties are stated at the lower of cost and n<span class=\"_ _d\"></span>et realisable value. Any surplus or deficit arising on revaluing investment properties is recognised in the Capital and other column of the income statement. The cost of proper<span class=\"ls27c ws291\">ties in the course of dev<span class=\"_ _6\"></span>elopment </span>includes attributable interest and other associated outgoings including attributable development personnel costs. Interest is calculated on the development expenditure by reference to specific borrowings, where relevant, and otherwise on the weighted average interest rate of the Group\u2019s borrowings. Interest is not capitalised where no development activity is taking place. A property ceases to be treated as <span class=\"ls289 ws29b\">a development property on </span>practical completion. Investment property disposals are<span class=\"_ _d\"></span> recognised on completion. Profits and losses arising are recognised through the Capital and other column of the income statement. The profi<span class=\"_ _6\"></span>t or loss on disp<span class=\"_ _6\"></span>osal is determin<span class=\"_ _6\"></span>ed as the difference between the net sales proceeds and the carrying amount of the asset at the commencement of th<span class=\"_ _6\"></span>e accounting period plus capital expenditure in the period. Where properties are disposed<span class=\"ls21c ws234\"> into a j<span class=\"_ _6\"></span>oint venture owned </span>by the Group, the profit recognised in the Capital and other column of the income statement is limited to the extent of the unrelated party\u2019s interest. A<span class=\"_ _d\"></span>ny loss is recognised in the Capital and other column of the income statement in full.  Trading properties are initially recognised at cost and then are subsequently measured at the lower <span class=\"_ _d\"></span>of cost and net realisable value. Trading property disposals are recognised in line with the Group\u2019s revenue accounting policies. Where investment properties a<span class=\"_ _d\"></span>r<span class=\"_ _1\"></span>e app<span class=\"_ _6\"></span>ropriated to trading properties, they are transferred at <span class=\"_ _6\"></span>market value. If properties held for trading ar<span class=\"ls249 ws28e\">e appropriated to investment </span>properties, they are transferred at b<span class=\"_ _d\"></span>o<span class=\"_ _1\"></span>ok v<span class=\"_ _6\"></span>alue.  Transfers to or f<span class=\"_ _6\"></span>rom an investmen<span class=\"_ _6\"></span>t property occur when<span class=\"_ _d\"></span>, and only when, there is evid<span class=\"_ _6\"></span><span class=\"ws288\">ence of change in use. </span>Where a right-of-use<span class=\"_ _6\"></span> asset <span class=\"ls270 ws285\">meets the definition of </span>investment property under I<span class=\"_ _d\"></span>FRS 16 \u2018Leases\u2019, the right-of-<span class=\"_ _458\"> </span>use asset will initially be calculated as the present value of minimum lease payments under the lease and subsequently measured under <span class=\"ls275 ws28a\">the fair value model, based </span>on discounted cash fl<span class=\"_ _d\"></span>ows of net rental income earned under the lease. The Group leases out inve<span class=\"ls295 ws2a6\">stment properti<span class=\"_ _6\"></span>es under </span>operating leases with rents generally payable monthly or quarterly. The Group is exposed to changes in the residual value of properties at the end of <span class=\"_ _6\"></span>current lease agreements, and mitigates this risk by acti<span class=\"ws2a3\">vely managing its tenant mix </span>in order to maximise<span class=\"_ _6\"></span> the weighted average lease term<span class=\"_ _6\"></span>, minimise vacancies across the portfolio a<span class=\"_ _6\"></span>nd maximise exposure to tenants with strong financial characteris<span class=\"_ _1\"></span>tics. The Group also grants tenant incentives to encour<span class=\"_ _1\"></span>age high quality tenants to remain in properties for longer lease terms. Tenant incentives, such as rent-free periods and cash contributions to tenant <span class=\"ls299 ws2a3\">fit-out, and contracted rent </span>increases are recognised as part of the investment property balance. The Group calculates the exp<span class=\"_ _6\"></span>ected credit loss for tenant incentives and contracted re<span class=\"_ _1\"></span>nt increases based on lifetime expected credit losses under the IFRS 9 simplified approach. Surrender premia payabl<span class=\"_ _6\"></span>e relati<span class=\"ls2a6 ws2b4\">ng to investment properti<span class=\"_ _1\"></span>es </span>are recognised in the inco<span class=\"ls2a8 ws2b5\">me statement, through the </span>Underlying column, except <span class=\"ls2a9 ws2b6\">where the surrender premia </span>payable are deemed to be <span class=\"_ _1\"></span>unusual or significant by virtue of their size or nature, wher<span class=\"ls2aa ws2b1\">e they are recognised through </span>the Capital and other co<span class=\"_ _1\"></span>lumn. Surrender premia payable relating to deve<span class=\"_ _1\"></span>lopment properties are capitalise<span class=\"_ _1\"></span>d as a property addition pr<span class=\"_ _1\"></span>oviding they are a directly a<span class=\"_ _1\"></span>ttributable and necessary development expense.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-542": {
   "value": "Financial assets and liabilities Debtors and creditors are initia<span class=\"ls299 ws2a3\">lly recognised at fair value </span>and subsequently measured at amortised<span class=\"_ _6\"></span> cost and discounted as appropriate. On initial recognition the Group calculates the expected credit loss for debtors based on lifetime expected credit losses u<span class=\"_ _6\"></span>nder the IFRS 9 simplified approach. Other investments include investmen<span class=\"_ _6\"></span>ts classified as amortised cost and investment<span class=\"_ _6\"></span>s classified as fair value through profit or loss. Loans and receivables classified as amortised cost are measure<span class=\"_ _6\"></span>d using the effective interest method, less any impairment. Interest is recognised by applying the effective interest rate. Investmen<span class=\"_ _6\"></span>ts classified as fair value through profit or loss are initially recorded at fair value and are subsequently externally valued on the same basis at the balan<span class=\"_ _6\"></span>ce sheet date. Any surplus <span class=\"_ _6\"></span>or deficit arising on revaluing in<span class=\"ls276 ws28c\">vestments classified as fair </span>value through profit or loss is recognised in the Capital and other column of<span class=\"_ _d\"></span> th<span class=\"ls24a ws258\">e income statement.<span class=\"_ _458\"> </span></span>The liability associated with <span class=\"ls274 ws289\">investment property which </span>is held under a lease, is init<span class=\"ls27c\">ially calculated as the present </span>value of the minimum lease payments. The lease liability is subsequently measured at amortised cost, unwinding as finance lease interest accrues and lease payments are made. Debt instruments are stated <span class=\"_ _6\"></span>at<span class=\"ls272 ws287\"> their fair value on issue. </span>Finance charges including premia payable on settlement or redemption and direct issu<span class=\"ls28b ws259\">e costs a<span class=\"_ _6\"></span>re spread over the </span>period to maturity, using the effective interest method. Exceptional finance charges incurred due to ea<span class=\"_ _6\"></span>rly redemption (including premia) are recognised in the income statement wh<span class=\"ls28b ws259\">en they occur. <span class=\"ff42 fc16 sc1 ls1 ws1\"> </span></span>As defined by IFRS 9, cash fl<span class=\"_ _6\"></span>ow and fair value hedges are initially recognised at fair value at the date the derivative contracts are entered into, and subsequently r<span class=\"_ _1\"></span>emeasured at fair value. Changes in the fair value of derivatives that are designated and qualify as<span class=\"ls28b ws259\"> effective cash flow hedge<span class=\"_ _6\"></span>s </span>are recognised directly through o<span class=\"_ _1\"></span>ther comprehensive income as a movement in the hedging and translation reserve. Chan<span class=\"_ _6\"></span>ges in the fai<span class=\"_ _6\"></span>r <span class=\"ls277 ws28d\">value of derivatives that are </span>designated and qualify as effective fair value hedges are recorded in the Capital and other column of the income statement, along with any chan<span class=\"ls26f ws284\">ges in the fair value of the </span>hedged item that is attributable to the hedged risk. Any ineffective portion of all derivatives is recognised in the Capital and other column of the income statement. Changes in the fair value of derivatives that are not in a designated hedging relationship under IFRS 9 are recorded directly in the Capital and other column of the income<span class=\"_ _1\"></span> statement. T<span class=\"_ _1\"></span>hese deri<span class=\"ls289 ws29b\">vatives are carried at fair </span>value on the balance sheet. Cash equivalents include short te<span class=\"_ _6\"></span>rm deposits that are instruments with a maturity of less than three months, and tenant deposits.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-520": {
   "value": "Financial assets and liabilities Debtors and creditors are initia<span class=\"ls299 ws2a3\">lly recognised at fair value </span>and subsequently measured at amortised<span class=\"_ _6\"></span> cost and discounted as appropriate. On initial recognition the Group calculates the expected credit loss for debtors based on lifetime expected credit losses u<span class=\"_ _6\"></span>nder the IFRS 9 simplified approach. Other investments include investmen<span class=\"_ _6\"></span>ts classified as amortised cost and investment<span class=\"_ _6\"></span>s classified as fair value through profit or loss. Loans and receivables classified as amortised cost are measure<span class=\"_ _6\"></span>d using the effective interest method, less any impairment. Interest is recognised by applying the effective interest rate. Investmen<span class=\"_ _6\"></span>ts classified as fair value through profit or loss are initially recorded at fair value and are subsequently externally valued on the same basis at the balan<span class=\"_ _6\"></span>ce sheet date. Any surplus <span class=\"_ _6\"></span>or deficit arising on revaluing in<span class=\"ls276 ws28c\">vestments classified as fair </span>value through profit or loss is recognised in the Capital and other column of<span class=\"_ _d\"></span> th<span class=\"ls24a ws258\">e income statement.<span class=\"_ _458\"> </span></span>The liability associated with <span class=\"ls274 ws289\">investment property which </span>is held under a lease, is init<span class=\"ls27c\">ially calculated as the present </span>value of the minimum lease payments. The lease liability is subsequently measured at amortised cost, unwinding as finance lease interest accrues and lease payments are made. Debt instruments are stated <span class=\"_ _6\"></span>at<span class=\"ls272 ws287\"> their fair value on issue. </span>Finance charges including premia payable on settlement or redemption and direct issu<span class=\"ls28b ws259\">e costs a<span class=\"_ _6\"></span>re spread over the </span>period to maturity, using the effective interest method. Exceptional finance charges incurred due to ea<span class=\"_ _6\"></span>rly redemption (including premia) are recognised in the income statement wh<span class=\"ls28b ws259\">en they occur. <span class=\"ff42 fc16 sc1 ls1 ws1\"> </span></span>As defined by IFRS 9, cash fl<span class=\"_ _6\"></span>ow and fair value hedges are initially recognised at fair value at the date the derivative contracts are entered into, and subsequently r<span class=\"_ _1\"></span>emeasured at fair value. Changes in the fair value of derivatives that are designated and qualify as<span class=\"ls28b ws259\"> effective cash flow hedge<span class=\"_ _6\"></span>s </span>are recognised directly through o<span class=\"_ _1\"></span>ther comprehensive income as a movement in the hedging and translation reserve. Chan<span class=\"_ _6\"></span>ges in the fai<span class=\"_ _6\"></span>r <span class=\"ls277 ws28d\">value of derivatives that are </span>designated and qualify as effective fair value hedges are recorded in the Capital and other column of the income statement, along with any chan<span class=\"ls26f ws284\">ges in the fair value of the </span>hedged item that is attributable to the hedged risk. Any ineffective portion of all derivatives is recognised in the Capital and other column of the income statement. Changes in the fair value of derivatives that are not in a designated hedging relationship under IFRS 9 are recorded directly in the Capital and other column of the income<span class=\"_ _1\"></span> statement. T<span class=\"_ _1\"></span>hese deri<span class=\"ls289 ws29b\">vatives are carried at fair </span>value on the balance sheet. Cash equivalents include short te<span class=\"_ _6\"></span>rm deposits that are instruments with a maturity of less than three months, and tenant deposits. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-493": {
   "value": "Financial assets and liabilities Debtors and creditors are initia<span class=\"ls299 ws2a3\">lly recognised at fair value </span>and subsequently measured at amortised<span class=\"_ _6\"></span> cost and discounted as appropriate. On initial recognition the Group calculates the expected credit loss for debtors based on lifetime expected credit losses u<span class=\"_ _6\"></span>nder the IFRS 9 simplified approach. Other investments include investmen<span class=\"_ _6\"></span>ts classified as amortised cost and investment<span class=\"_ _6\"></span>s classified as fair value through profit or loss. Loans and receivables classified as amortised cost are measure<span class=\"_ _6\"></span>d using the effective interest method, less any impairment. Interest is recognised by applying the effective interest rate. Investmen<span class=\"_ _6\"></span>ts classified as fair value through profit or loss are initially recorded at fair value and are subsequently externally valued on the same basis at the balan<span class=\"_ _6\"></span>ce sheet date. Any surplus <span class=\"_ _6\"></span>or deficit arising on revaluing in<span class=\"ls276 ws28c\">vestments classified as fair </span>value through profit or loss is recognised in the Capital and other column of<span class=\"_ _d\"></span> th<span class=\"ls24a ws258\">e income statement.<span class=\"_ _458\"> </span></span>The liability associated with <span class=\"ls274 ws289\">investment property which </span>is held under a lease, is init<span class=\"ls27c\">ially calculated as the present </span>value of the minimum lease payments. The lease liability is subsequently measured at amortised cost, unwinding as finance lease interest accrues and lease payments are made. Debt instruments are stated <span class=\"_ _6\"></span>at<span class=\"ls272 ws287\"> their fair value on issue. </span>Finance charges including premia payable on settlement or redemption and direct issu<span class=\"ls28b ws259\">e costs a<span class=\"_ _6\"></span>re spread over the </span>period to maturity, using the effective interest method. Exceptional finance charges incurred due to ea<span class=\"_ _6\"></span>rly redemption (including premia) are recognised in the income statement wh<span class=\"ls28b ws259\">en they occur. <span class=\"ff42 fc16 sc1 ls1 ws1\"> </span></span>As defined by IFRS 9, cash fl<span class=\"_ _6\"></span>ow and fair value hedges are initially recognised at fair value at the date the derivative contracts are entered into, and subsequently r<span class=\"_ _1\"></span>emeasured at fair value. Changes in the fair value of derivatives that are designated and qualify as<span class=\"ls28b ws259\"> effective cash flow hedge<span class=\"_ _6\"></span>s </span>are recognised directly through o<span class=\"_ _1\"></span>ther comprehensive income as a movement in the hedging and translation reserve. Chan<span class=\"_ _6\"></span>ges in the fai<span class=\"_ _6\"></span>r <span class=\"ls277 ws28d\">value of derivatives that are </span>designated and qualify as effective fair value hedges are recorded in the Capital and other column of the income statement, along with any chan<span class=\"ls26f ws284\">ges in the fair value of the </span>hedged item that is attributable to the hedged risk. Any ineffective portion of all derivatives is recognised in the Capital and other column of the income statement. Changes in the fair value of derivatives that are not in a designated hedging relationship under IFRS 9 are recorded directly in the Capital and other column of the income<span class=\"_ _1\"></span> statement. T<span class=\"_ _1\"></span>hese deri<span class=\"ls289 ws29b\">vatives are carried at fair </span>value on the balance sheet. Cash equivalents include short te<span class=\"_ _6\"></span>rm deposits that are instruments with a maturity of less than three months, and tenant deposits. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-494": {
   "value": "Revenue Revenue comprises rental income and surrender premia, service charge income, man<span class=\"_ _6\"></span>agement and performance fees and proceeds from the sale of t<span class=\"_ _6\"></span>rading properties.  Rental income and surrender premia are recognised in accordance with IFRS 16. For leases where a single payment is re<span class=\"_ _6\"></span>ceived to cov<span class=\"_ _d\"></span>er both rent and servic<span class=\"_ _6\"></span>e charge, the service charge component is separated out and reported as service charge income. Rental income, including fi<span class=\"ls299 ws2a3\">xed rental uplifts, from </span>investment property leased out under an operating lease is recognised as revenue on a st<span class=\"_ _d\"></span>r<span class=\"_ _1\"></span>aight-line basis over th<span class=\"_ _6\"></span>e lease term. Tenant incentives, such as rent-free periods and cash contributions to tenant<span class=\"ls288 ws295\"> fit-out, are recognised on </span>the same straight-line basis <span class=\"_ _6\"></span>be<span class=\"ls27d ws292\">ing an integral part of the </span>net consideration for the use of the investment property. Any rent adjustments based on open ma<span class=\"_ _6\"></span>rket estimated<span class=\"_ _458\"> </span>rental values are recognised, based on management estimates, from the rent review date in relation to unsettled rent reviews. Contingent rents, being those lease payments that are not fixed at the inception of the lease, including for example turnover rents, are recognised in the period in which they are earned. Lease modifications are defi<span class=\"_ _6\"></span>ned as a change in the scope of a lease, or the consideration of a lease, that was not part of the original terms and conditions of the lease. Modifications to operating le<span class=\"ls289 ws29b\">ases the Group holds as a </span>lessor are accounted for from the effective date of<span class=\"_ _6\"></span> the modification. Modifications take into account any prepaid or accrued lease payments relating to the original lease as part of the lease payments for the new lease. <span class=\"_ _6\"></span>The revised remaining consideration under the modified lease is then recognised in rental income on a straight-line basis ove<span class=\"_ _6\"></span>r the remaining lease term. Concessions granted to tenants for operating lease receivables where prior demanded lease payments have been reduced or waived for a specified period are accounted for as an expected<span class=\"_ _6\"></span><span class=\"ls2b5 ws2bd\"> credit loss. Conces<span class=\"_ _6\"></span>sions </span>granted to tenants for future lease payments are accounted for as a lease modification.  Surrender pre<span class=\"_ _6\"></span>mia for the earl<span class=\"_ _6\"></span>y termination of a<span class=\"_ _d\"></span> lease are recognised as revenue when the amounts <span class=\"_ _6\"></span>become contractually due, net of dilapidations and non-<span class=\"_ _458\"> </span>recoverable outgoings relating to the lease concerned.  The Group applies the five-step-model as required by IFRS 15 \u2018Revenue from <span class=\"_ _6\"></span>Contracts with Custome<span class=\"_ _6\"></span>rs\u2019 in recognisin<span class=\"_ _6\"></span>g its service charge income, management and performance fees and proceeds from the sale of t<span class=\"_ _6\"></span>rading properties. Service charge income is recognised as revenue in the period to which it relates.  Management fees are recognised as <span class=\"_ _6\"></span>revenue in the period to which they relate and include the provision of asset management, property management, development management and administration services to jo<span class=\"_ _1\"></span>int ventures. Performance fees are rec<span class=\"_ _6\"></span>ognised at the end of the performance period when the performance obligations are met, the fee amount can be es<span class=\"ls272 ws287\">timated reliably and it is </span>highly probable that the fee will be received. Performance fees are based on p<span class=\"_ _6\"></span>roperty valuations compared to external benchmarks at the end of the reporting period.  Proceeds from the sale of trad<span class=\"ls281 ws295\">ing properties are recognis<span class=\"_ _1\"></span>ed </span>when control ha<span class=\"_ _6\"></span>s been transferred t<span class=\"_ _6\"></span>o the purchaser. Thi<span class=\"_ _6\"></span>s generally occurs on completion<span class=\"ls2b7 ws2bf\">. Proceeds from the sale of </span>trading properties are recognis<span class=\"ls2aa ws2b1\">ed as reve<span class=\"_ _1\"></span>nue in the Capital </span>and other column of the income statement.<span class=\"_ _1\"></span>  All other revenue described above is recognised in the Underlying colu<span class=\"_ _6\"></span>mn of the inco<span class=\"_ _6\"></span><span class=\"ls27d ws292\">me statement, except where </span>revenue items are deemed to be unusual or significant by virtue of their size or nature, where they are recognised through the Capital and other column. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-495": {
   "value": "Taxation Current tax is based on taxable profit for th<span class=\"_ _6\"></span>e year and is calculated using tax rates that have been enacted or substantively enacted at the balance sheet date. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or e<span class=\"_ _6\"></span>xpense that are not taxable (or tax deductible). Deferred tax is provided on <span class=\"_ _6\"></span>items that may become taxable in the future, or which may be used to offset against taxable profits in the future, on the temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes, and the amounts used for taxation purpos<span class=\"_ _1\"></span>es on an undiscounted basis. On business combinations, t<span class=\"_ _d\"></span>he <span class=\"ls29b ws1fd\">deferred tax effect of fair </span>value adjustments is incorpor<span class=\"ls24a ws258\">ated in the consolidated </span>balance sheet. Deferred tax assets and liabilities are netted off against each other in the consolidated balance sheet when they relate to income taxes levied by the same tax authority on different taxable entities which intend to settle current tax assets and liabilities on a net basis. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-521": {
   "value": "Deferred tax is provided on <span class=\"_ _6\"></span>items that may become taxable in the future, or which may be used to offset against taxable profits in the future, on the temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes, and the amounts used for taxation purpos<span class=\"_ _1\"></span>es on an undiscounted basis. On business combinations, t<span class=\"_ _d\"></span>he <span class=\"ls29b ws1fd\">deferred tax effect of fair </span>value adjustments is incorpor<span class=\"ls24a ws258\">ated in the consolidated </span>balance sheet. Deferred tax assets and liabilities are netted off against each other in the consolidated balance sheet when they relate to income taxes levied by the same tax authority on different taxable entities which intend to settle current tax assets and liabilities on a net basis. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-496": {
   "value": "Employee costs The fair value of equity-settled share-<span class=\"_ _1\"></span>based payments to employees is determine<span class=\"_ _1\"></span>d at the date of grant and is expensed on a straight-line ba<span class=\"ls2bc ws2c2\">sis over the ve<span class=\"ls28f ws2a0\">sting period, </span></span>based on the Group\u2019s estimate of<span class=\"ls286 ws299\"> shares or options that <span class=\"_ _1\"></span>will </span>eventually ves<span class=\"_ _1\"></span>t. For all sche<span class=\"ls2aa ws2b1\">mes except the Group\u2019s Long </span>Term Incentive Plan and<span class=\"_ _6\"></span> Save As<span class=\"ls280 ws291\"> You Earn schemes, the f<span class=\"_ _1\"></span>air </span>value of awards are equal to the m<span class=\"_ _1\"></span>arket value at grant date. For options and performan<span class=\"_ _1\"></span>ce shares granted under the Long Term Incentive Plan, the fair values are determine<span class=\"_ _1\"></span>d by Monte Carlo and Black-Scholes models.<span class=\"_ _1\"></span> A Black-Scholes model is used for the Save A<span class=\"_ _1\"></span>s You Earn schemes. Define<span class=\"_ _1\"></span>d benefit pensi<span class=\"_ _1\"></span>on scheme assets are me<span class=\"_ _1\"></span>asured using fair values. Pen<span class=\"_ _6\"></span>sion scheme liabilities are measu<span class=\"_ _6\"></span>red using the projected unit credit<span class=\"_ _6\"></span> method and discounte<span class=\"_ _6\"></span>d at the rate of return of a high quality corporate bond of equivalent term to the scheme liabilities. The net surplus (where recoverable by the Group) or <span class=\"_ _6\"></span>deficit is recognised<span class=\"_ _d\"></span> in full in the consolidated balance sheet. Any asset resulting from the calculation is<span class=\"_ _6\"></span> limited to the present va<span class=\"_ _6\"></span>lue of available ref<span class=\"_ _6\"></span>unds and reduc<span class=\"_ _1\"></span>tions in future con<span class=\"_ _1\"></span>tributions to th<span class=\"_ _1\"></span>e plan. The current service cost<span class=\"_ _d\"></span> and gains and losses on<span class=\"_ _d\"></span> <span class=\"_ _1\"></span>settl<span class=\"_ _6\"></span>ement and curtailments ar<span class=\"_ _6\"></span>e recognised<span class=\"_ _6\"></span> in the Un<span class=\"_ _6\"></span>derlying <span class=\"_ _6\"></span>column of t<span class=\"_ _6\"></span>he income statement. Actuarial<span class=\"_ _6\"></span> gains and losses are <span class=\"_ _6\"></span>recognised in full<span class=\"_ _1\"></span> in the period in whic<span class=\"_ _1\"></span>h they occur and ar<span class=\"_ _1\"></span>e presented in the consolidated state<span class=\"_ _6\"></span>ment of comprehensive inc<span class=\"_ _6\"></span>ome.<span class=\"_ _458\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-497": {
   "value": "Critical accounting judgements and key sources of estimation uncertainty In applying the Group\u2019s accounting policies, the Directors are required to make critical accounting judgements and assess key sources of estimation uncertainty that affect the financial statements.  Key sources of estimation un<span class=\"_ _6\"></span>certainty Valuation of investment and development properties and the net realisable value of trading properties: The Group uses external profe<span class=\"_ _6\"></span>ssional<span class=\"ls299 ws2a3\"> valuers to determine the </span>relevant amounts. The primary source <span class=\"_ _6\"></span>of evidence for property valuations should be recent, comparable market transactions on an arm\u2019s le<span class=\"ls28d ws29a\">ngth basis. Ho<span class=\"_ _6\"></span>wever, the </span>valuation of the Group\u2019s property portfolio is inherently subjective, as it is based upon valu<span class=\"_ _6\"></span>er assumptions and estimations that form part of the key unobservable inputs of the valuation, which may prove to be inaccurate. Further deta<span class=\"_ _6\"></span>ils on th<span class=\"_ _6\"></span>e valuers\u2019<span class=\"ls26f ws284\"> assumptions, estimates a<span class=\"_ _6\"></span>nd </span>associated key unobservable inputs and sensitivity disclosures, have been pr<span class=\"_ _6\"></span>ovid<span class=\"ls277 ws28d\">ed in Note 10. Additionally, </span>the Group\u2019s investment in joint ventures can be materially impacted by the joint ventur<span class=\"ls274 ws289\">e property portfolio, and as </span>such sensitivity disclosures <span class=\"_ _6\"></span>of<span class=\"ls26f ws284\"> the joint venture property </span>portfolio have been provided in Note 10. Other sources of estimation uncertainty that would not result in a material movement in the carrying amount in the next financial year include the valuation of interest rate derivatives, the determination of share-based payments, the actuarial assumptions used in calculating the Group\u2019s retirement benefit obligations, the fair value of pension scheme assets an<span class=\"_ _6\"></span>d taxation provisions.<span class=\"_ _458\"> </span>Critical accounting judgements <span class=\"_ _d\"></span> The Directors do not consider<span class=\"ls2a9 ws2b6\"> there to be any critica<span class=\"_ _1\"></span>l </span>accounting judgements in th<span class=\"ls2bd ws28c\">e preparation of the Group\u2019s </span>financial statements.  The following items are ongo<span class=\"ls278 ws285\">ing areas of accoun<span class=\"_ _1\"></span>ting </span>judgement, however<span class=\"_ _1\"></span>, the Directors do not cons<span class=\"_ _1\"></span>ider these accounting judgements to be critical and m<span class=\"_ _1\"></span>aterial accounting judgement has not been required for any of these items in the current financial year.<span class=\"_ _1\"></span> REIT status: B<span class=\"_ _1\"></span>ritish Land is a Real Est<span class=\"_ _1\"></span>ate Investment Trust (REIT) and does not p<span class=\"_ _1\"></span>ay tax on its tax adjusted property income or gains on <span class=\"ws2a0\">investment property sales, </span>provided that at least 90% o<span class=\"_ _1\"></span>f the Group\u2019s tax adjusted property income is distr<span class=\"_ _1\"></span>ibuted as a dividend to shareholders, which become<span class=\"_ _1\"></span>s ta<span class=\"_ _6\"></span><span class=\"ls2bb ws2ac\">xable in their hands. In </span>addition, the G<span class=\"_ _1\"></span>roup has to meet certain cond<span class=\"_ _1\"></span>itions such as ensuring the property rental <span class=\"ls2ce ws2ad\">business represents more than </span>75% of total profits and assets<span class=\"ls28f ws2a0\">. Any potential or proposed </span>changes to the REIT legis<span class=\"_ _1\"></span>lation are monitored and discussed wit<span class=\"_ _1\"></span>h HMRC. It is management\u2019s i<span class=\"_ _1\"></span>ntention that the Group will c<span class=\"_ _6\"></span>ontinue as a REI<span class=\"_ _6\"></span>T<span class=\"ls2d0 ws2bd\"> for the foreseeable future.</span><span class=\"ls2d0 ws2bd\"> </span><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2d2 ws2d1 gs1a2\">Accounting for joint ventures: In accordance with IFRS 10 </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2c0 ws2d2 gs1a3\">\u2018Consolidated Financial Statements\u2019, IFRS 11 \u2018Joint </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2d3 ws2d3 gs1a4\">Arrangements\u2019 and IFRS 12 \u2018Disclosure of Int<span class=\"_ _6\"></span>erests in Other </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2d4 ws2bf gs1a5\">Entities\u2019, an as<span class=\"_ _1\"></span>sessment is required to<span class=\"_ _1\"></span> determine the degree </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2d4 ws2a7 gs1a6\">of control or influence the Gro<span class=\"_ _1\"></span>up exercises and the form of </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2d5 ws2d4 gs1a7\">any contr<span class=\"_ _1\"></span>ol to ensure that t<span class=\"_ _1\"></span>he financial sta<span class=\"_ _1\"></span>tement treatm<span class=\"_ _1\"></span>ent </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2d6 ws2d5 gs1a8\">is appropr<span class=\"_ _1\"></span>iate. The assessme<span class=\"_ _1\"></span>nt undertaken by ma<span class=\"_ _1\"></span>nagement </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2d7 ws2b6 gs1a9\">includes co<span class=\"_ _1\"></span>nsideration of <span class=\"_ _1\"></span>the structure, leg<span class=\"_ _1\"></span>al form, </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2d8 ws2d6 gs1aa\">contractual terms and other facts and circumstances relating </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2d8 ws2c9 gs1ab\">to the relevant entity. This <span class=\"_ _6\"></span>assessment is updated ann<span class=\"_ _6\"></span>ually </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2bf ws2c4 gs1ac\">and there<span class=\"_ _1\"></span> have been no changes<span class=\"_ _1\"></span> in the judgement r<span class=\"_ _1\"></span>eached in </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2d9 ws2d7 gs1ad\">relation to the degr<span class=\"_ _1\"></span>ee <span class=\"_ _6\"></span>of control the Gro<span class=\"_ _1\"></span>up exercises within </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2d8 ws2d6 gs1ae\">the current or prior year. An assessment was performed for </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2da ws2d8 gs1af\">the 2 Fins<span class=\"_ _1\"></span>bury Avenue jo<span class=\"_ _1\"></span>int venture tr<span class=\"_ _1\"></span>ansaction w<span class=\"_ _1\"></span>ithin the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2db ws2d9 gs1b0\">Broadgate joint ventu<span class=\"_ _6\"></span>re that occurred in<span class=\"_ _6\"></span> the current year, a<span class=\"_ _6\"></span>nd </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2db ws2d9 gs1b1\">the 1 Triton Square joint<span class=\"_ _6\"></span> venture transaction<span class=\"_ _6\"></span> that occurred in </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2dc ws2da gs1b2\">the prior year (see Note 11). No<span class=\"_ _6\"></span> critical accounting judgement </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2dd ws2a3 gs1b3\">was identified i<span class=\"_ _6\"></span>n the assessment <span class=\"_ _6\"></span>of the 2 Fin<span class=\"_ _6\"></span>sbury Avenue </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2de ws2db gs1b4\">join<span class=\"_ _1\"></span>t venture tran<span class=\"_ _1\"></span>saction wi<span class=\"_ _1\"></span>thin the Broadga<span class=\"_ _1\"></span>te joint vent<span class=\"_ _1\"></span>ure </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2df ws2dc gs1b5\">in the current financial year, owing to the ow<span class=\"_ _6\"></span>nership structure </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2e0 ws28a gs1b6\">of the<span class=\"_ _1\"></span> joint ventur<span class=\"_ _1\"></span>e. As previous<span class=\"_ _1\"></span>ly disclose<span class=\"_ _1\"></span>d, no critica<span class=\"_ _1\"></span>l </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2e1 ws291 gs1b7\">accounting judgem<span class=\"_ _6\"></span>ent was identifi<span class=\"_ _6\"></span>ed in the asse<span class=\"_ _6\"></span>ssment of </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2c0 ws2c0 gs1b8\">the 1 Triton Square joint vent<span class=\"_ _d\"></span>ure transaction in the prior year. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28e ws29f gs1b9\">Joint ventures are accounted for<span class=\"_ _1\"></span> under the equity meth<span class=\"_ _6\"></span>od, </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs1ba\">whereby the consolidated bala<span class=\"ls273 ws288\">nce sheet incorporates t<span class=\"_ _6\"></span>he </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs1bb\">Group\u2019s share of the net assets of its joint ventures. The </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gs1bc\">consolidated income statemen<span class=\"ls24d ws25b\">t incorporates the G<span class=\"_ _6\"></span>roup\u2019s </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls270 ws285 gs1bd\">share of joint ventures profits after tax. Th<span class=\"_ _d\"></span>e Group\u2019s share </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs1be\">of joint ventures results and net assets are disclosed in </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs1bf\">Note 11 to the financial statements. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls273 ws288 gs1c0\">Accounting for transactions: Property transactions a<span class=\"_ _6\"></span>re </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs1c1\">complex in nature and can be material to the financial </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs1c2\">statements. Judgements made in relation to transactions </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs1c3\">include whether an acquisition is a business combination </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws291 gs1c4\">or an asset; whether held for sale criteria have been met </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs1c5\">for transactions not yet <span class=\"ls275 ws28a\">completed; accounting for </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls297 ws2a8 gs1c6\">transaction costs and co<span class=\"_ _1\"></span>ntingent consideration; and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs1c7\">application of the concept of linked accounting. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28e ws29f gs1c8\">Management considers each transaction separ<span class=\"_ _1\"></span>ately in </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs1c9\">order to determine the most appropriate accounting </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls276 ws28c gs1ca\">treatment, and, when considered necessa<span class=\"_ _6\"></span>ry, seeks </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs1cb\">independent advice. Management considered the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs1cc\">accounting of the Meadowhall Shopping Centre joint </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a4 ws2aa gs1cd\">venture disposal and the 2 Finsbury Avenue joint venture </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs1ce\">transaction within the Broadgate joint venture in the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs1cf\">current year, as well as the 1 Triton Square joint venture </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs1d0\">transaction in the prior year (see Note 11).<span class=\"fc19 ls1 ws1\"> </span></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls29f ws2dd gs1d1\">Consideration of climate change  </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gs1d2\">In preparing the financial statements, the impact of </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs1d3\">climate change has been considered, particularly in the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs1d4\">context of the Task Force on Climate-related Financial </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs1d5\">Disclosures (TCFD) included<span class=\"ls299 ws2a3\"> within the Sustainability </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs1d6\">section of the Strategic Report. Whilst noting the Group\u2019s </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs1d7\">commitment to sustainability, there has not been a </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs1d9\">material impact on the financial reporting judgements and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs1da\">estimates arising from our considerations, which include </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gs1db\">physical climate and transi<span class=\"ls2a2 ws25a\">tional risk asse<span class=\"_ _6\"></span>ssments </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws25b gs1dc\">conducted by the Group. This is consistent with our </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gs1dd\">assessment that climate change is not expected to have<span class=\"_ _6\"></span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls295 ws2a6 gs1de\">a material impact on the cas<span class=\"_ _6\"></span>h flows of the Group,<span class=\"_ _6\"></span> including </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs1df\">those included within the going concern and viability </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2e2 ws2d9 gs1e0\">assessments in the medium <span class=\"ls299 ws2a3\">term. Notwithstanding this, </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs1e1\">the following should be note<span class=\"ls299 ws2a3\">d, which is relevant to </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs1e2\">understanding the impact of<span class=\"ls270 ws285\"> climate change on the </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs1e3\">financial statements: </div><div class=\"t m0 h19d ff47 fs14f fc16 sc0 ls1 ws1 gs1e4\">\u2022<span class=\"ff48\"> <span class=\"_ _1a\"> </span><span class=\"ff43 fc18 ls274 ws289\">As part of the Group\u2019s 2030 Sustainability Strategy, </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls1 ws29d gs1e5\">the Group\u2019s Transition<span class=\"_ _6\"></span> Vehicl<span class=\"ls27e ws293\">e applies an internal levy </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls21c ws234 gs1e6\">of \u00a390 per tonne to the <span class=\"ls289 ws29b\">embodied carbon within </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs1e7\">developments. Two-thirds of the internal levy is </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs1e8\">available to finance carbon efficient interventions </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28b ws259 gs1e9\">which improve energy efficiency and <span class=\"_ _6\"></span>reduce carbon </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs1ea\">emissions from our standing portfolio. The remaining </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs1eb\">third is used to purchase carbon credits to mitigate </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gs1ec\">the residual embodied carbon in our developments. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs1ed\">The Group committed \u00a31m to carbon efficient </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs1ee\">interventions in the year to 31 March 2025 (2023/24: </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs1ef\">\u00a35m). The Group spent \u00a33m (2023/24: \u00a31m) in the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28c ws29e gs1f0\">year to 31 March<span class=\"_ _6\"></span> 2025 on carbon effi<span class=\"_ _6\"></span>cient </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs1f1\">interventions, of which \u00a32m is recoverable through </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28e ws29f gs1f2\">the service charge. </div><div class=\"t m0 h19d ff47 fs14f fc16 sc0 ls1 ws1 gs1f3\">\u2022<span class=\"ff48\"> <span class=\"_ _1a\"> </span><span class=\"ff43 fc18 ls289 ws29b\">The Group has purchased and retired carbon credits </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs1f4\">in the year to offset the residual embodied carbon </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27e ws293 gs1f5\">in developments. This is the embodied<span class=\"_ _6\"></span> carbon that </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs1f6\">remains once we have done everything economically </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gs1f7\">and practically viable to reduce embodied carbon </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls277 ws28d gs1f8\">through material reuse, design efficiency and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls29b ws2de gs1f9\">materials specification. The cost of purchasing these </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls295 ws2a6 gs1fa\">credits was capitalised as part of<span class=\"_ _6\"></span> the cost of the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs1fb\">development. The cost of purchasing these credits </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls270 ws285 gs1fc\">was \u00a31m for the year ended 31 March <span class=\"_ _6\"></span>2025 </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls270 ws285 gs1fd\">(2023/24: \u00a31m). </div><div class=\"t m0 h19d ff47 fs14f fc16 sc0 ls1 ws1 gs1fe\">\u2022<span class=\"ff48\"> <span class=\"_ _1a\"> </span><span class=\"ff43 fc18 ls271 ws286\">As part of the valuation proc<span class=\"_ _6\"></span>ess, the Group h<span class=\"_ _6\"></span>as </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28b ws259 gs1ff\">discussed the impact of su<span class=\"_ _6\"></span>stainability and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs200\">Environmental, Social and Governance factors with </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs201\">the external valuers who value the investment and </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs202\">development properties of the Group. The physical </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs203\">climate and transitional risk analysis conducted by </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs204\">the Group has been shared with, and discussed with, </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs205\">the valuers as part of the six-monthly valuation </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls270 ws285 gs206\">process (see Note 10 for further details). <span class=\"_ _6\"></span>As such, </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs207\">the impact of sustainability and Environmental, </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls273 ws288 gs208\">Social and Governance factor<span class=\"_ _6\"></span><span class=\"ls289 ws29b\">s is considered as part </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs209\">of the valuation process, to the extent possible </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs20a\">market participants would, and is included within </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs20b\">the derived valuation as at the balance sheet date. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls29b ws1fd gs20c\">The Group ensures th<span class=\"_ _6\"></span>at to the fullest extent possible,<span class=\"_ _6\"></span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws25b gs20d\">the four valuers are materially consistent in their </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs20e\">application of the consideration of these factors </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28b ws259 gs20f\">on the property valuations.  </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-522": {
   "value": "Key sources of estimation uncertainty Valuation of investment and development properties and the net realisable value of trading properties: The Group uses external professional valuers to determine the relevant amounts. The primary source of evidence for property valuations should be recent, comparable market transactions on an arm\u2019s length basis. However, the valuation of the Group\u2019s property portfolio is inherently subjective, as it is based upon valuer assumptions and estimations that form part of the key unobservable inputs of the valuation, which may prove to be inaccurate. Further details on the valuers\u2019 assumptions, estimates and associated key unobservable inputs and sensitivity disclosures, have been provided in Note 10. Additionally, the Group\u2019s investment in joint ventures can be materially impacted by the joint venture property portfolio, and as such sensitivity disclosures of the joint venture property portfolio have been provided in Note 10. Other sources of estimation uncertainty that would not result in a material movement in the carrying amount in the next financial year include the valuation of interest rate derivatives, the determination of share-based payments, the actuarial assumptions used in calculating the Group\u2019s retirement benefit obligations, the fair value of pension scheme assets and taxation provisions. ",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-498": {
   "value": "Earnings per share<span class=\"_ _458\"> </span>The Group measures financial performance <span class=\"ls2e6 ws2a1\">with reference to Un<span class=\"_ _6\"></span>derlying earn<span class=\"_ _6\"></span>ings per <span class=\"_ _6\"></span>share, EPRA earn<span class=\"_ _6\"></span>ings pe<span class=\"_ _6\"></span>r share<span class=\"_ _458\"> </span></span>and IFRS earnings per share. The relevant earnings and <span class=\"_ _6\"></span><span class=\"ls2a4 ws2aa\">weighted average number of shares (including dilution<span class=\"_ _458\"> </span></span>adjustments) for each performance measure are shown below,<span class=\"ls272 ws287\"> and a reconciliation between these is shown wit<span class=\"_ _6\"></span>hin the<span class=\"_ _458\"> </span></span>supplementary disclosures <span class=\"_ _6\"></span>(Table B).<span class=\"_ _458\"> </span>EPRA earnings per share is calculated using EPRA<span class=\"_ _d\"></span> earnings, <span class=\"ls274 ws289\">which is the IFRS profit after taxation attributable to<span class=\"_ _458\"> </span></span>shareholders of the Company excluding in<span class=\"_ _6\"></span>vestment and develo<span class=\"ls289 ws29b\">pment property revaluations, gains/losses on investment<span class=\"_ _458\"> </span></span>and trading property disposals, changes <span class=\"ws287\">in the fair value of financial instrume<span class=\"ls28d ws29a\">nts and associated close-out c<span class=\"_ _6\"></span>osts and<span class=\"_ _458\"> </span></span></span>their related taxation. Underlying earnings per share is calculat<span class=\"ls2e7 ws2e1\">ed usin<span class=\"_ _6\"></span>g Underlyin<span class=\"_ _6\"></span>g Profit adjust<span class=\"_ _6\"></span>ed for Underlyi<span class=\"_ _6\"></span>ng taxation<span class=\"_ _6\"></span> (see Note <span class=\"_ _6\"></span>7), with<span class=\"_ _458\"> </span></span>the dilutive measure being the primary disclosure measure <span class=\"ls299 ws2a3\">used. Underlying Profit is the pre-tax EPRA earnings<span class=\"_ _458\"> </span></span>measure, with additional Company adjustments for items which are considered to be unusual and/or significant by<span class=\"_ _458\"> </span>virtue of their <span class=\"_ _d\"></span>size and nature. No Company adjust<span class=\"_ _6\"></span>ments were made in<span class=\"_ _6\"></span> the current year t<span class=\"_ _d\"></span>o 31 March 2025. In the <span class=\"_ _d\"></span>prior<span class=\"_ _458\"> </span>year to 31 March<span class=\"_ _6\"></span> 2024, \u00a325m of<span class=\"_ _6\"></span> rent recei<span class=\"_ _6\"></span>vable, \u00a3149m of <span class=\"ls27c ws291\">surrender premia receivable, and \u00a354m of<span class=\"_ _6\"></span> tenant incentive<span class=\"_ _458\"> </span></span>impairment were excluded from the calculation of Un<span class=\"ls275 ws28a\">derlying Profit (see Note 3 for further details).</span><table class=\"s w1c1 h1df\" id=\"_7bdbe06f-503d-4212-aa4e-ab08fe0e3a57\"><tr><td></td><td></td><td class=\"c n x3e6 y36f7 w1c2 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025<span class=\"_ _458\"> </span></div></td><td></td><td></td><td class=\"c n x3e7 y36f7 w1c3 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f5 ws2e2\">2024<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x32c h19e y36f8 ff42 fs150 fc16 sc0 ls2e8 ws1\">Relevant </td><td></td><td></td><td class=\"t m0 x3e8 h19e y36f8 ff43 fs150 fc18 sc0 ls2ee ws1\">Relevant </td><td></td></tr><tr><td></td><td class=\"t m0 x324 h19e y36f9 ff42 fs150 fc16 sc0 ls2e8 ws1\">Relevant </td><td class=\"t m0 x3e9 h19e y36fa ff42 fs150 fc16 sc0 ls263 ws2e4\">number  </td><td class=\"t m0 x3ea h19e y36fb ff42 fs150 fc16 sc0 ls2ec ws1\">Earnings </td><td class=\"t m0 x3eb h19e y36f9 ff43 fs150 fc18 sc0 ls2ee ws1\">Relevant </td><td class=\"t m0 x3ec h19e y36fa ff43 fs150 fc18 sc0 ls2ef ws2e9\">number  </td><td class=\"t m0 x3ed h19e y36fc ff43 fs150 fc18 sc0 ls2f0 ws1\">Earnings </td></tr><tr><td></td><td class=\"t m0 x324 h19e y36fd ff42 fs150 fc16 sc0 ls2e9 ws1\">earnings </td><td class=\"t m0 x3ee h19e y36fe ff42 fs150 fc16 sc0 ls2ea ws2e5\">of shares </td><td class=\"t m0 x3ef h19e y36ff ff42 fs150 fc16 sc0 ls2ed ws2e7\"> per share </td><td class=\"t m0 x3f0 h19e y36fd ff43 fs150 fc18 sc0 ls263 ws1\">earnings </td><td class=\"t m0 x3f1 h19e y36fe ff43 fs150 fc18 sc0 ls2ef ws2ea\">of shares </td><td class=\"t m0 x3f2 h19e y3700 ff43 fs150 fc18 sc0 ls2ef ws2ea\"> per share  </td></tr><tr><td class=\"t m0 x20e h19f y3701 ff42 fs151 fc18 sc0 ls245 ws2e3\">Earnings per share </td><td class=\"t m0 x3f3 h19e y3702 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"c x3f5 y3703 w1c4 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls2eb ws2e6\">million</div><div class=\"t m0 x3f4 h72 y3625 ff42 fs63 fc16 sc0 ls1 ws1\">1</div></td><td class=\"t m0 x3f6 h19e y3702 ff42 fs150 fc16 sc0 ls1fe ws2e8\"> pence </td><td class=\"t m0 x3f7 h19e y3702 ff43 fs150 fc18 sc0 ls264 ws267\"> \u00a3m  </td><td class=\"t m0 x3f8 h19e y3704 ff43 fs150 fc18 sc0 ls25d ws1\">million </td><td class=\"t m0 x331 h19e y3705 ff43 fs150 fc18 sc0 ls1fd ws202\">pence  </td></tr><tr><td class=\"t m0 x20e h19f y3706 ff42 fs151 fc18 sc0 ls23b ws1\">Underlying <span class=\"_ _127\"> </span><span class=\"fc16 ls3db ws610\"> <span class=\"_ _435\"></span> <span class=\"_ _8\"></span><span class=\"_ _435\"></span> <span class=\"_ _23a\"></span><span class=\"_ _435\"></span><span class=\"ff43 fc18 ls3db ws610\"> <span class=\"_ _434\"></span> <span class=\"_ _5\"> </span><span class=\"_ _434\"></span> <span class=\"_ _5\"> </span></span></span><span class=\"fc16 ls3db ws610\"><span class=\"ff43 fc18 ls3db ws610\"><span class=\"_ _434\"></span> </span></span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3707 w1c5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws256\">Underlying basic<span class=\"_ _458\"> </span></div></td><td class=\"c n x3f9 y3707 w1c6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws2eb\">275<span class=\"_ _458\"> </span></div></td><td class=\"c n x3fa y3707 w1c7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws2eb\">962<span class=\"_ _458\"> </span></div></td><td class=\"c n x3fb y3707 w1c8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws2eb\">28.6<span class=\"_ _458\"> </span></div></td><td class=\"c n x3fc y3707 w1c9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws2ec\">265<span class=\"_ _458\"> </span></div></td><td class=\"c n x3fd y3707 w1ca h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws2ec\">927<span class=\"_ _458\"> </span></div></td><td class=\"c n x3fe y3707 w1cb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws2ec\">28.6<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3708 w1cc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws2ed\">Underlying diluted<span class=\"_ _458\"> </span></div></td><td class=\"c n x3ff y3708 w1cd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws2ee\">275<span class=\"_ _458\"> </span></div></td><td class=\"c n x400 y3708 w1ce h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws2ee\">965<span class=\"_ _458\"> </span></div></td><td class=\"c n x401 y3708 w1cf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws2ee\">28.5<span class=\"_ _458\"> </span></div></td><td class=\"c n x402 y3708 w1d0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws2ef\">265<span class=\"_ _458\"> </span></div></td><td class=\"c n x403 y3708 w1d1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws2ef\">929<span class=\"_ _458\"> </span></div></td><td class=\"c n x404 y3708 w1d2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws2ef\">28.5<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3709 ff42 fs151 fc18 sc0 ls214 ws1\">EPRA <span class=\"_ _12b\"> </span><span class=\"fc16 ls3db ws610\"> <span class=\"_ _435\"></span> <span class=\"_ _8\"></span><span class=\"_ _435\"></span> <span class=\"_ _23a\"></span><span class=\"_ _435\"></span><span class=\"ff43 fc18 ls3db ws610\"> <span class=\"_ _434\"></span> <span class=\"_ _5\"> </span><span class=\"_ _434\"></span> <span class=\"_ _5\"> </span></span></span><span class=\"fc16 ls3db ws610\"><span class=\"ff43 fc18 ls3db ws610\"><span class=\"_ _434\"></span> </span></span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y370a w1d3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws2f0\">EPRA basic<span class=\"_ _458\"> </span></div></td><td class=\"c n x405 y370a w1d4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws2eb\">275<span class=\"_ _458\"> </span></div></td><td class=\"c n x406 y370a w1d5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws2eb\">962<span class=\"_ _458\"> </span></div></td><td class=\"c n x407 y370a w1c8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws2eb\">28.6<span class=\"_ _458\"> </span></div></td><td class=\"c n x408 y370a w1d6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls247 ws2f1\">385<span class=\"_ _458\"> </span></div></td><td class=\"c n x409 y370a w1d7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls247 ws2f1\">927<span class=\"_ _458\"> </span></div></td><td class=\"c n x40a y370a w1d8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls247 ws2f1\">41.5<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w1d9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws253\">EPRA diluted<span class=\"_ _458\"> </span></div></td><td class=\"c n x40b y3652 w1cd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws2ee\">275<span class=\"_ _458\"> </span></div></td><td class=\"c n x40c y3652 w1ce h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws2ee\">965<span class=\"_ _458\"> </span></div></td><td class=\"c n x40d y3652 w1cf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws2ee\">28.5<span class=\"_ _458\"> </span></div></td><td class=\"c n x40e y3652 w1da h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws2f2\">385<span class=\"_ _458\"> </span></div></td><td class=\"c n x40f y3652 w1db h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws2f2\">929<span class=\"_ _458\"> </span></div></td><td class=\"c n x410 y3652 w1dc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws2f2\">41.4<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y370b ff42 fs151 fc18 sc0 ls23b ws1\">IFRS <span class=\"_ _23c\"> </span><span class=\"fc16 ls3db ws610\"> <span class=\"_ _435\"></span> <span class=\"_ _8\"></span><span class=\"_ _435\"></span> <span class=\"_ _23a\"></span><span class=\"_ _435\"></span><span class=\"ff43 fc18 ls3db ws610\"> <span class=\"_ _434\"></span> <span class=\"_ _5\"> </span><span class=\"_ _434\"></span> <span class=\"_ _5\"> </span></span></span><span class=\"fc16 ls3db ws610\"><span class=\"ff43 fc18 ls3db ws610\"><span class=\"_ _434\"></span> </span></span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y36b7 w1dd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws1\">Basic<span class=\"_ _458\"> </span></div></td><td class=\"c n x411 y36b7 w1de h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws2f3\">338<span class=\"_ _458\"> </span></div></td><td class=\"c n x412 y36b7 w1df h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws2f3\">962<span class=\"_ _458\"> </span></div></td><td class=\"c n x413 y36b7 w1e0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws2f3\">35.1<span class=\"_ _458\"> </span></div></td><td class=\"c n x414 y36b7 w1e1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws2f4\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x415 y36b7 w1ca h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws2f4\">927<span class=\"_ _458\"> </span></div></td><td class=\"c n x416 y36b7 w1e2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws2f4\">(0.1)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w1e3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws1\">Diluted<span class=\"_ _458\"> </span></div></td><td class=\"c n x411 y3655 w1e4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws2f5\">338<span class=\"_ _458\"> </span></div></td><td class=\"c n x417 y3655 w1e5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws2f5\">965<span class=\"_ _458\"> </span></div></td><td class=\"c n x418 y3655 w1e6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws2f5\">35.0<span class=\"_ _458\"> </span></div></td><td class=\"c n x419 y3655 w1e1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws2f4\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x41a y3655 w1ca h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws2f4\">927<span class=\"_ _458\"> </span></div></td><td class=\"c n x41b y3655 w1e7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws2f4\">(0.1)<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>On 2 October 2024, the Company announced a share <span class=\"ls22c ws263\">placing, <span class=\"_ _6\"></span>retail offer and subscription of <span class=\"_ _6\"></span>71,227,309<span class=\"fc19 ls1 ws1\"> </span><span class=\"ls22f ws24b\">ordinary shares of 25p each<span class=\"_ _458\"> </span></span></span>at a price of 422 pence per share, resulting in<span class=\"_ _6\"></span> a 71,227,309 incr<span class=\"ls254 ws152\">ease in the<span class=\"_ _d\"></span> number of shares. See Note 19 for further info<span class=\"_ _6\"></span>rmat<span class=\"ls2f2 ws1\">ion.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-499": {
   "value": "Net asset value<span class=\"_ _458\"> </span>The Group measures financial position with refere<span class=\"_ _1\"></span>nce t<span class=\"_ _6\"></span>o <span class=\"ls26f ws284\">EPRA Net Tangible Assets (NTA), Net<span class=\"_ _d\"></span> Reinvestment Value<span class=\"_ _458\"> </span></span>(NRV) and Net Disposal Value (NDV). The net assets an<span class=\"_ _6\"></span>d <span class=\"ls28e ws29f\">number of shares for each performance measure are shown<span class=\"_ _458\"> </span></span>below. A reconciliation between IFRS net assets and the EPRA<span class=\"ls272 ws287\"> net asset valuation metrics, and the relevant number of<span class=\"_ _458\"> </span></span>shares for each performance measure, is<span class=\"_ _d\"></span><span class=\"ls29b ws1fd\"> shown within the supplementary disclosures (Table<span class=\"_ _6\"></span> B). EPRA NTA is <span class=\"_ _d\"></span>a measure<span class=\"_ _458\"> </span></span>that is based on IFRS net assets excluding the mark-to-market<span class=\"ls275 ws28a\"> on derivatives and related debt adjustments, the carrying<span class=\"_ _458\"> </span></span>value of intangibles, as well as deferred taxation on property and derivative valuations. The met<span class=\"_ _6\"></span>ric includes the valuation<span class=\"_ _458\"> </span>surplus on trading properties and is adjusted for the dilutive impact of share options.<table class=\"s w1e8 h1e0\" id=\"_5ec02683-2acc-44c7-9573-4125d0e88990\"><tr><td></td><td></td><td class=\"c n x41c y370c w1c2 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025<span class=\"_ _458\"> </span></div></td><td></td><td></td><td class=\"c n x41d y370c w29 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f5 ws2f8\">2024<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x32c h19e y370d ff42 fs150 fc16 sc0 ls2f7 ws1\">Relevant </td><td class=\"t m0 x41e h19e y370e ff42 fs150 fc16 sc0 ls2f9 ws2fc\">Net asset </td><td></td><td class=\"t m0 x3e8 h19e y370f ff43 fs150 fc18 sc0 ls2ee ws1\">Relevant </td><td class=\"t m0 x41f h19e y3710 ff43 fs150 fc18 sc0 ls2fc ws300\">Net asset </td></tr><tr><td></td><td class=\"t m0 x420 h19e y3711 ff42 fs150 fc16 sc0 ls2f7 ws1\">Relevant </td><td class=\"t m0 x421 h19e y3712 ff42 fs150 fc16 sc0 ls1fb ws2fb\"> number </td><td class=\"t m0 x422 h19e y3711 ff42 fs150 fc16 sc0 ls258 ws1\"> value per </td><td class=\"t m0 x3eb h19e y3712 ff43 fs150 fc18 sc0 ls2ee ws1\">Relevant </td><td class=\"t m0 x328 h19e y3713 ff43 fs150 fc18 sc0 ls2fa ws2fe\"> number </td><td class=\"t m0 x423 h19e y3714 ff43 fs150 fc18 sc0 ls2fd ws301\"> value per </td></tr><tr><td></td><td class=\"t m0 x424 h19e y3715 ff42 fs150 fc16 sc0 ls2f8 ws2fa\"> net assets </td><td class=\"t m0 x3ee h19e y3716 ff42 fs150 fc16 sc0 ls2ed ws2e7\"> of shares </td><td class=\"t m0 x425 h19e y3717 ff42 fs150 fc16 sc0 ls1ff ws2fd\"> share </td><td class=\"t m0 x337 h19e y3716 ff43 fs150 fc18 sc0 ls1f8 ws1ff\"> net assets  </td><td class=\"t m0 x1d3 h19e y3718 ff43 fs150 fc18 sc0 ls2fb ws2ff\"> of shares </td><td class=\"t m0 x426 h19e y3719 ff43 fs150 fc18 sc0 ls2ef ws2ea\"> share </td></tr><tr><td class=\"t m0 x20e h19f y371a ff42 fs151 fc18 sc0 ls23b ws2f9\">Net asset value per share </td><td class=\"t m0 x31f h19e y371b ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"c x428 y371c w1e9 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls2f0 ws1\">million</div><div class=\"t m0 x427 h72 y3625 ff42 fs63 fc16 sc0 ls1 ws1\">1</div></td><td class=\"t m0 x429 h19e y371d ff42 fs150 fc16 sc0 ls1fe ws2e8\"> pence <span class=\"_ _24\"> </span><span class=\"ff43 fc18 ls1 ws1\"> </span></td><td class=\"t m0 x1d9 h19e y371e ff43 fs150 fc18 sc0 ls1fc ws201\">\u00a3m  </td><td class=\"t m0 x3f8 h19e y371f ff43 fs150 fc18 sc0 ls25d ws1\">million </td><td class=\"t m0 x42a h19e y3720 ff43 fs150 fc18 sc0 ls2fd ws302\"> pence </td></tr><tr><td class=\"t m0 x20e h19f y3721 ff42 fs151 fc18 sc0 ls214 ws1\">EPRA <span class=\"_ _23c\"> </span><span class=\"ff43 ls3db ws610\"> <span class=\"_ _436\"></span> <span class=\"_ _436\"></span> <span class=\"_ _1ce\"></span><span class=\"_ _436\"></span> <span class=\"_ _3\"></span><span class=\"_ _436\"></span> <span class=\"_ _436\"></span> </span><span class=\"ff43 ls3db ws610\"><span class=\"_ _436\"></span> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3722 w1ea h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls2ff ws303\">EPRA NT<span class=\"_ _d\"></span>A<span class=\"_ _458\"> </span></div></td><td class=\"c n x42b y3722 w1eb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws304\">5,698<span class=\"_ _458\"> </span></div></td><td class=\"c n x42c y3722 w1ec h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws304\">1,005<span class=\"_ _458\"> </span></div></td><td class=\"c n x42d y3722 w1ed h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws304\">567<span class=\"_ _458\"> </span></div></td><td class=\"c n x42e y3722 w1ee h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws305\">5,252<span class=\"_ _458\"> </span></div></td><td class=\"c n x42f y3722 w1ef h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws305\">93<span class=\"_ _1\"></span>4<span class=\"_ _458\"> </span></div></td><td class=\"c n x430 y3722 w1f0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws305\">562<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3723 w1f1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">EPRA NRV<span class=\"_ _458\"> </span></div></td><td class=\"c n x431 y3723 w1f2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws306\">6,283<span class=\"_ _458\"> </span></div></td><td class=\"c n x432 y3723 w1f3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws306\">1,005<span class=\"_ _458\"> </span></div></td><td class=\"c n x433 y3723 w1f4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws306\">625<span class=\"_ _458\"> </span></div></td><td class=\"c n x434 y3723 w1f5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws307\">5,782<span class=\"_ _458\"> </span></div></td><td class=\"c n x435 y3723 w1f6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws307\">934<span class=\"_ _458\"> </span></div></td><td class=\"c n x436 y3723 w1f7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws307\">619<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w1f8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">EPRA NDV<span class=\"_ _458\"> </span></div></td><td class=\"c n x437 y3652 w1f9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws308\">5,768<span class=\"_ _458\"> </span></div></td><td class=\"c n x438 y3652 w142 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws308\">1,005<span class=\"_ _458\"> </span></div></td><td class=\"c n x439 y3652 w1fa h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws308\">574<span class=\"_ _458\"> </span></div></td><td class=\"c n x43a y3652 w1fb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws309\">5,389<span class=\"_ _458\"> </span></div></td><td class=\"c n x43b y3652 w1fc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws309\">934<span class=\"_ _458\"> </span></div></td><td class=\"c n x43c y3652 w1fd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws309\">577<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3724 ff42 fs151 fc18 sc0 ls23b ws1\">IFRS <span class=\"_ _11e\"> </span><span class=\"fc16 ls3db ws610\"> <span class=\"_ _436\"></span> <span class=\"_ _436\"></span> <span class=\"_ _241\"></span><span class=\"_ _436\"></span><span class=\"ff43 fc18 ls3db ws610\"> <span class=\"_ _437\"></span> <span class=\"_ _5\"> </span><span class=\"_ _437\"></span> <span class=\"_ _7\"> </span></span></span><span class=\"fc16 ls3db ws610\"><span class=\"ff43 fc18 ls3db ws610\"><span class=\"_ _437\"></span> </span></span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3660 w1dd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws1\">Basic<span class=\"_ _458\"> </span></div></td><td class=\"c n x43d y3660 w1fe h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws30a\">5,710<span class=\"_ _458\"> </span></div></td><td class=\"c n x43e y3660 w1ff h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws30a\">999<span class=\"_ _458\"> </span></div></td><td class=\"c n x43f y3660 w200 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws30a\">572<span class=\"_ _458\"> </span></div></td><td class=\"c n x440 y3660 w201 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws30b\">5,312<span class=\"_ _458\"> </span></div></td><td class=\"c n x441 y3660 w202 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws30b\">927<span class=\"_ _458\"> </span></div></td><td class=\"c n x442 y3660 w203 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws30b\">573<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w1e3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws1\">Diluted<span class=\"_ _458\"> </span></div></td><td class=\"c n x443 y3655 w204 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws304\">5,710<span class=\"_ _458\"> </span></div></td><td class=\"c n x444 y3655 w1ec h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws304\">1,005<span class=\"_ _458\"> </span></div></td><td class=\"c n x445 y3655 w205 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws304\">568<span class=\"_ _458\"> </span></div></td><td class=\"c n x446 y3655 w206 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws30c\">5,<span class=\"_ _1\"></span>312<span class=\"_ _458\"> </span></div></td><td class=\"c n x447 y3655 w207 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws30c\">934<span class=\"_ _458\"> </span></div></td><td class=\"c n x448 y3655 w208 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws30c\">569<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>On 2 October 2024, the Company announced a share <span class=\"ls22c ws263\">placing, <span class=\"_ _6\"></span>retail offer and subscription of <span class=\"_ _6\"></span>71,227,309<span class=\"fc19 ls1 ws1\"> </span><span class=\"ls22f ws24b\">ordinary shares of 25p each<span class=\"_ _458\"> </span></span></span>at a price of 422 pence per share, resulting in<span class=\"_ _6\"></span> a 71,227,309 incr<span class=\"ls254 ws152\">ease in the<span class=\"_ _d\"></span> number of shares. See Note 19 for further info<span class=\"_ _6\"></span>rmat<span class=\"ls2f2 ws1\">ion.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNetAssetValueAttributableToUnitholdersExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-500": {
   "value": "<div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls2a0 ws2b8 gs211\">Total accounting return </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws25b gs212\">The Group also measures financial performance with refer<span class=\"_ _1\"></span>ence to total accounting return. This is calculated as the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gs213\">movement in EPRA NTA per <span class=\"_ _6\"></span>share and dividend paid in the ye<span class=\"ls301 ws30d\">ar as a perc<span class=\"_ _1\"></span>entage of the<span class=\"_ _1\"></span> EPRA NTA per s<span class=\"_ _1\"></span>hare at the s<span class=\"_ _1\"></span>tart </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls1 ws29d gs214\">of the year. </div><div class=\"gs215\"><table class=\"s w209 h1e1\" id=\"_a19a3e4f-98c3-4fc9-ac34-40fa335d5c84\"><tr><td></td><td></td><td class=\"c n x449 y3725 w20a h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f4 ws30e\">2025<span class=\"_ _458\"> </span></div></td><td></td><td></td><td class=\"c n x44a y3725 w29 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f5 ws1\">2024<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x44b h19e y3726 ff42 fs150 fc16 sc0 ls302 ws30f\">Movement in </td><td></td><td></td><td class=\"t m0 x44c h19e y3727 ff43 fs150 fc18 sc0 ls258 ws1\">Movement in </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x44d h19e y3728 ff42 fs150 fc16 sc0 ls303 ws310\">NTA per </td><td class=\"t m0 x44e h19e y3729 ff42 fs150 fc16 sc0 ls1fd ws311\">Dividend per </td><td class=\"t m0 x1d0 h19e y372a ff42 fs150 fc16 sc0 ls1f4 ws1\">Total </td><td class=\"t m0 x3f0 h19e y372b ff43 fs150 fc18 sc0 ls304 ws313\">NTA per </td><td class=\"t m0 x44f h19e y372c ff43 fs150 fc18 sc0 ls2ee ws314\">Dividend per </td><td class=\"t m0 x1d4 h19e y372d ff43 fs150 fc18 sc0 ls265 ws1\">Total </td></tr><tr><td></td><td class=\"t m0 x450 h19e y372e ff42 fs150 fc16 sc0 ls1ff ws2fd\"> share </td><td class=\"t m0 x325 h19e y372f ff42 fs150 fc16 sc0 ls2ea ws312\">share paid </td><td class=\"t m0 x326 h19e y3730 ff42 fs150 fc16 sc0 ls261 ws1\">accounting </td><td class=\"t m0 x451 h19e y3731 ff43 fs150 fc18 sc0 ls2ef ws2ea\"> share </td><td class=\"t m0 x452 h19e y3732 ff43 fs150 fc18 sc0 ls25e ws315\">share paid </td><td class=\"t m0 x453 h19e y3733 ff43 fs150 fc18 sc0 ls2ea ws1\">accounting </td></tr><tr><td></td><td class=\"t m0 x454 h19e y3734 ff42 fs150 fc16 sc0 ls1fe ws2e8\"> pence </td><td class=\"t m0 x455 h19e y3735 ff42 fs150 fc16 sc0 ls234 ws1\">pence </td><td class=\"t m0 x456 h19e y3736 ff42 fs150 fc16 sc0 ls1f5 ws1\">return </td><td class=\"t m0 x451 h19e y3737 ff43 fs150 fc18 sc0 ls263 ws1\">pence </td><td class=\"t m0 x457 h19e y3738 ff43 fs150 fc18 sc0 ls263 ws1\">pence </td><td class=\"t m0 x331 h19e y3739 ff43 fs150 fc18 sc0 ls1fc ws1\">return </td></tr><tr><td class=\"c n x1dc y3655 w20b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20d ws216\">Total accounting return<span class=\"_ _458\"> </span></div></td><td class=\"c n x458 y3655 w20c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws316\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x459 y3655 w1e7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20d ws216\"><span>22.9<span class=\"_ _458\"> </span></span></div></td><td class=\"c n x45a y3655 w20d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws316\">5.0%<span class=\"_ _458\"> </span></div></td><td class=\"c n x45b y3655 w20e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws317\">(26)<span class=\"_ _458\"> </span></div></td><td class=\"c n x45c y3655 w20f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20d ws216\"><span>23.2<span class=\"_ _458\"> </span></span></div></td><td class=\"c n x45d y3655 w210 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws317\">(0.5%)<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h1a7 ff42 fs153 fc16 sc0 ls31c ws4a3 gs41d\">18 Dividends </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs41e\">The final dividend payment for the six-month period ended 31 March 2025 will be 10.56p. Payment will be mad<span class=\"_ _d\"></span>e<span class=\"_ _1\"></span> on </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2b5 ws2bd gs41f\">25 July 2025 to sha<span class=\"_ _d\"></span>r<span class=\"_ _1\"></span>eholde<span class=\"_ _d\"></span>rs on the register at close of<span class=\"_ _6\"></span> business on 2<span class=\"_ _6\"></span>0 June 2025. <span class=\"_ _6\"></span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs420\">PID dividends are paid, as required by REIT legislation, after deduction<span class=\"_ _6\"></span> of withholding tax at the basic rate (currently </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gs421\">20%), where appropriate. Certain classe<span class=\"_ _6\"></span>s of<span class=\"ls36b ws2b6\"> shareholder<span class=\"_ _6\"></span>s may be able to elect t<span class=\"_ _d\"></span>o<span class=\"ls289 ws29b\"> receive dividends gross. Please refer </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs422\">to our website www.britishland.com/dividends for details.  </div><div class=\"gs423\"><table class=\"s w880 h218\" id=\"_de03bfbd-9674-421d-9336-2403c5856caf\"><tr><td></td><td></td><td></td><td class=\"t m0 xad3 h19e y39a8 ff43 fs150 fc18 sc0 ls258 ws1\">Pence per </td><td class=\"t m0 x273 h19e y39a8 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y39a8 ff43 fs150 fc18 sc0 ls1f5 ws1\">2024 </td></tr><tr><td class=\"c n x1dc y39a9 w881 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls337 ws49c\">Payment date<span class=\"_ _458\"> </span></div></td><td class=\"c n xccd y39a9 w882 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls337 ws49c\">Dividend<span class=\"_ _458\"> </span></div></td><td></td><td class=\"t m0 xc29 h19e y39aa ff43 fs150 fc18 sc0 ls2ef ws1\">share </td><td class=\"t m0 x1da h19e y39aa ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y39aa ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"t m0 x20e h19f y39ab ff42 fs151 fc18 sc0 ls212 ws238\">Current year dividends <span class=\"_ _132\"> </span><span class=\"ff43 ls3db ws610\"> <span class=\"_ _43f\"></span> <span class=\"_ _351\"></span><span class=\"_ _43f\"></span><span class=\"ff42 fc16 ls1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y39ac w883 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws4b3\">25.07.2025<span class=\"_ _458\"> </span></div></td><td class=\"c n xcce y39ac w884 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws4b3\">2025</div></td><td class=\"c n xccf y39ac w885 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws4b3\">Final<span class=\"_ _458\"> </span></div></td><td class=\"c n xcd0 y39ac w4d2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws4b3\">10.56<span class=\"_ _458\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1dc y39ad w886 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws4b4\">15.01.2025<span class=\"_ _458\"> </span></div></td><td class=\"c n xcd1 y39ad w887 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws4b4\">2025</div></td><td class=\"c n xcd2 y39ad w7cf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws4b4\">Interim<span class=\"_ _458\"> </span></div></td><td class=\"c n xcd3 y39ad w888 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws4b4\">12.24<span class=\"_ _458\"> </span></div></td><td class=\"c n xcd4 y39ad w889 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws1\">122</div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x20e h19f y3913 ff43 fs151 fc18 sc0 ls216 ws4b5\">  <span class=\"_ _a9\"> </span>22.80 <span class=\"_ _356\"></span><span class=\"ff42 fc16 ls1 ws1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y39ae ff42 fs151 fc18 sc0 ls212 ws238\">Prior year dividends <span class=\"_ _357\"> </span><span class=\"ff43 ls3db ws610\"> <span class=\"_ _43f\"></span> <span class=\"_ _351\"></span><span class=\"_ _43f\"></span><span class=\"ff42 fc16 ls1\"> <span class=\"_ _8a\"> </span><span class=\"ff43 fc18\"> </span></span></span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3915 w88a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4b6\">26.07.2024<span class=\"_ _458\"> </span></div></td><td class=\"c n xcd5 y3915 w88b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4b6\">2024</div></td><td class=\"c n xcd6 y3915 w88c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4b6\">Final<span class=\"_ _458\"> </span></div></td><td class=\"c n xcd7 y3915 w8c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4b6\">10.64<span class=\"_ _458\"> </span></div></td><td class=\"c n xcd8 y3915 wc0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws1\">99<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td class=\"c n x1dc y386f w88d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws4b7\">05.01.2024<span class=\"_ _458\"> </span></div></td><td class=\"c n xcd9 y386f w88e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws4b7\">2024</div></td><td class=\"c n xcda y386f w7cf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws4b7\">Interim<span class=\"_ _458\"> </span></div></td><td class=\"c n xcdb y386f w88f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws4b7\">12.16<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xcdc y386f w890 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">113</div></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x20e h19f y39af ff43 fs151 fc18 sc0 ls216 ws4b5\">  <span class=\"_ _a9\"> </span>22.80 <span class=\"_ _356\"></span><span class=\"ff42 fc16 ls1 ws1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y39b0 w891 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4b8\">28.07.2023<span class=\"_ _458\"> </span></div></td><td class=\"c n xcdd y39b0 w892 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4b8\">2023</div></td><td class=\"c n xcde y39b0 w893 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4b8\">Final<span class=\"_ _458\"> </span></div></td><td class=\"c n xcdf y39b0 w894 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4b8\">11.04<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xce0 y39b0 w895 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws1\">102<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w896 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws20b\">Dividends disclosed in consolidated<span class=\"ws22f\"> statement of changes in equity<span class=\"_ _458\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c n xce1 y3652 w172 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">221<span class=\"_ _458\"> </span></div></td><td class=\"c n xce2 y3652 w165 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">215<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3759 w897 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Dividends settled in cash<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td class=\"c n xce3 y3759 w172 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">221<span class=\"_ _458\"> </span></div></td><td class=\"c n xce4 y3759 w898 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">215<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w899 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Timing difference relating to payment of withholding tax<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td class=\"c n xce5 y375a w298 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls221 ws1\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x309 y375a w89a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws1\">(2)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w89b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">Dividends disclosed in consolid<span class=\"ls206 ws22f\">ated statement of cash flows<span class=\"_ _458\"> </span></span></div></td><td></td><td></td><td></td><td class=\"c n xce6 y3655 w218 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws1\">220<span class=\"_ _458\"> </span></div></td><td class=\"c n xce7 y3655 w107 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">213</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-523": {
   "value": "0.229",
   "decimals": 3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-524": {
   "value": "0.232",
   "decimals": 3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2023-04-01T00:00:00/2024-04-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-525": {
   "value": "<div class=\"t m0 h1a7 ff42 fs153 fc16 sc0 ls306 ws318 gs217\">3 <span class=\"_ _2b\"> </span>Revenue and costs </div><div class=\"gs218\"><table class=\"s w211 h1e2\" id=\"_0956a2b9-19a2-4a55-ac2a-82db0378e8f0\"><tr><td></td><td></td><td class=\"c n x45e y373a w1c2 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025<span class=\"_ _458\"> </span></div></td><td></td><td></td><td class=\"c n x45f y373a w29 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f5 ws319\">2024<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x460 h19e y373b ff42 fs150 fc16 sc0 ls1f9 ws200\">Capital  </td><td></td><td></td><td class=\"t m0 x1cc h19e y373c ff43 fs150 fc18 sc0 ls1fd ws202\">Capital  </td><td></td></tr><tr><td></td><td class=\"t m0 x461 h19e y373d ff42 fs150 fc16 sc0 ls1f8 ws1\">Underlying </td><td class=\"t m0 x1cf h19e y373e ff42 fs150 fc16 sc0 ls1f9 ws200\">and other </td><td class=\"t m0 x1d0 h19e y373e ff42 fs150 fc16 sc0 ls1f4 ws1\">Total </td><td class=\"t m0 x462 h19e y373e ff43 fs150 fc18 sc0 ls1fb ws1\">Underlying </td><td class=\"t m0 x1d3 h19e y373f ff43 fs150 fc18 sc0 ls1fe ws203\">and other </td><td class=\"t m0 x1d4 h19e y373f ff43 fs150 fc18 sc0 ls1ff ws1\">Total </td></tr><tr><td></td><td class=\"t m0 x1d6 h19e y3740 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d7 h19e y3741 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d8 h19e y3741 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m  <span class=\"ff43 fc18 ls1\"> </span></td><td class=\"t m0 x3f7 h19e y3741 ff43 fs150 fc18 sc0 ls264 ws267\"> \u00a3m  </td><td class=\"t m0 x1da h19e y3742 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x33a h19e y3742 ff43 fs150 fc18 sc0 ls264 ws267\"> \u00a3m  </td></tr><tr><td class=\"c x1dc y3743 w212 h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Rent receivable</div><div class=\"t m0 x463 h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x464 y3743 w213 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls244 ws31a\">317<span class=\"_ _458\"> </span></div></td><td class=\"c n x465 y3743 w214 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls244 ws31a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x466 y3743 w215 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls244 ws31a\">317<span class=\"_ _458\"> </span></div></td><td class=\"c n x467 y3743 w216 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws31b\">284<span class=\"_ _458\"> </span></div></td><td class=\"c n x468 y3743 w217 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws31b\">25<span class=\"_ _458\"> </span></div></td><td class=\"c n x469 y3743 w218 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws31b\">309<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3744 ff43 fs151 fc18 sc0 ls20e ws219\">Spreading of tenant incentives and contract<span class=\"_ _1\"></span>ed </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3745 w219 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws2f9\">rent increases<span class=\"_ _458\"> </span></div></td><td class=\"c n x46a y3745 w21a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23b ws31c\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x46b y3745 w2f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23b ws31c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x46c y3745 w21b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23b ws31c\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x46d y3745 w21c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws31d\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n x46e y3745 w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws31d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x370 y3745 w21d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws31d\">10<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3746 w21e h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Surrender premia</div><div class=\"t m0 x46f h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x470 y3746 w21f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls221 ws31e\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n x471 y3746 w98 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls221 ws31e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x472 y3746 w220 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls221 ws31e\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n x473 y3746 w221 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws31f\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x474 y3746 w222 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws31f\">149<span class=\"_ _458\"> </span></div></td><td class=\"c n x475 y3746 w223 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws31f\">152<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3747 w224 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws20f\">Gross rental income<span class=\"_ _458\"> </span></div></td><td class=\"c n x476 y3747 w225 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws320\">330<span class=\"_ _458\"> </span></div></td><td class=\"c n x477 y3747 wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws320\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x413 y3747 w225 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws320\">330<span class=\"_ _458\"> </span></div></td><td class=\"c n x478 y3747 w226 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws321\">297<span class=\"_ _458\"> </span></div></td><td class=\"c n x479 y3747 w227 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws321\">174<span class=\"_ _458\"> </span></div></td><td class=\"c n x47a y3747 w228 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws321\">471<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3748 w229 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">Service charge income<span class=\"_ _458\"> </span></div></td><td class=\"c n x47b y3748 w22a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls307 ws322\">77<span class=\"_ _458\"> </span></div></td><td class=\"c n x47c y3748 w22b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls307 ws322\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x47d y3748 w22c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls307 ws322\">77<span class=\"_ _458\"> </span></div></td><td class=\"c n x47e y3748 w22d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls308 ws323\">59<span class=\"_ _458\"> </span></div></td><td class=\"c n x47f y3748 w22e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls308 ws323\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x480 y3748 w22d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls308 ws323\">59<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3749 w22f h1dc\"><div class=\"t m0 x1c8 h19f y3635 ff43 fs151 fc18 sc0 ls20c ws215\">Management and perfor<span class=\"_ _1\"></span>mance fees (from<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws1\">j<span class=\"_ _458\"> </span></div><div class=\"t m0 x207 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">oint ventures and assets under manageme<span class=\"_ _1\"></span>nt)<span class=\"_ _458\"> </span></div></td><td class=\"c n x481 y3749 w230 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws324\">20<span class=\"_ _458\"> </span></div></td><td class=\"c n x482 y3749 w178 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws324\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x483 y3749 w231 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws324\">20<span class=\"_ _458\"> </span></div></td><td class=\"c n x484 y3749 w232 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws325\">17<span class=\"_ _458\"> </span></div></td><td class=\"c n x485 y3749 w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws325\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x486 y3749 w233 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws325\">17<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y374a w234 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">Other fees and commissions<span class=\"_ _458\"> </span></div></td><td class=\"c n x487 y374a w235 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23b ws31c\">27<span class=\"_ _458\"> </span></div></td><td class=\"c n x488 y374a w236 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23b ws31c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x489 y374a w235 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23b ws31c\">27<span class=\"_ _458\"> </span></div></td><td class=\"c n x48a y374a w237 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws326\">28<span class=\"_ _458\"> </span></div></td><td class=\"c n x48b y374a w3c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws326\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x48c y374a w238 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws326\">28<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y374b w2c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls200 ws1\">Revenue<span class=\"_ _458\"> </span></div></td><td class=\"c n x48d y374b w239 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws204\">454<span class=\"_ _458\"> </span></div></td><td class=\"c n x48e y374b w2f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws204\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x48f y374b w23a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws204\">454<span class=\"_ _458\"> </span></div></td><td class=\"c n x490 y374b w30 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls203 ws327\">401<span class=\"_ _458\"> </span></div></td><td class=\"c n x491 y374b w31 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls203 ws327\">174<span class=\"_ _458\"> </span></div></td><td class=\"c n x492 y374b w23b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls203 ws327\">575<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y374c w23c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Service charge expenses<span class=\"_ _458\"> </span></div></td><td class=\"c n x493 y374c w23d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws206\">(68)<span class=\"_ _458\"> </span></div></td><td class=\"c n x494 y374c w178 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws206\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x495 y374c w23e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws206\">(68)<span class=\"_ _458\"> </span></div></td><td class=\"c n x496 y374c w23f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws328\">(48)<span class=\"_ _458\"> </span></div></td><td class=\"c n x497 y374c w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws328\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x498 y374c w240 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws328\">(48)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y374d w241 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Property operating expenses<span class=\"_ _458\"> </span></div></td><td class=\"c n x499 y374d w242 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws206\">(35)<span class=\"_ _458\"> </span></div></td><td class=\"c n x49a y374d w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws206\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x49b y374d w243 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws206\">(35)<span class=\"_ _458\"> </span></div></td><td class=\"c n x49c y374d w244 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws329\">(36)<span class=\"_ _458\"> </span></div></td><td class=\"c n x49d y374d w3c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws329\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x49e y374d w244 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws329\">(36)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y374e w245 h1e3\"><div class=\"t m0 x1c8 h19f y3634 ff43 fs151 fc18 sc0 ls20c ws215\">Movement in impairment of trade de<span class=\"_ _1\"></span>btors and<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">accrued income<span class=\"_ _458\"> </span></div></td><td class=\"c n x49f y374e w246 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws32a\">(5)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4a0 y374e w178 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws32a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4a1 y374e w247 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws32a\">(5)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4a2 y374e w248 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws32b\">14<span class=\"_ _458\"> </span></div></td><td class=\"c n x48b y374e w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws32b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4a3 y374e w248 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws32b\">14<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y365f w249 h1de\"><div class=\"t m0 x1c8 h19f y3634 ff43 fs151 fc18 sc0 ls20d ws216\">Movement in impairment of tenant incentive<span class=\"_ _1\"></span>s and<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">contracted rent increases</div><div class=\"t m0 x4a4 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x4a5 y374f w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls30a ws32c\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n x4a6 y374f w24a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls30a ws32c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4a7 y374f w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls30a ws32c\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n x4a8 y374f w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws32d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4a9 y374f w24b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws32d\">(54)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4aa y374f w24c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws32d\">(54)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3750 w24d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Other fees and commissions expenses<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ab y3750 w24e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws32e\">(22)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4a0 y3750 w24f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws32e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ac y3750 w250 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws32e\">(22)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ad y3750 w251 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws32f\">(22)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ae y3750 w236 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws32f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4af y3750 w251 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws32f\">(22)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f6 w252 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Costs<span class=\"_ _458\"> </span></div></td><td class=\"c n x4b0 y36f6 w34 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws206\">(123)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4b1 y36f6 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws206\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4b2 y36f6 w253 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws206\">(123)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4b3 y36f6 w37 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws330\">(92)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4b4 y36f6 w254 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws330\">(54)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4b5 y36f6 w39 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws330\">(146)<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4b6 y3655 w3b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws209\">331<span class=\"_ _458\"> </span></div></td><td class=\"c n x4b7 y3655 w170 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws209\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4b8 y3655 w3b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws209\">331<span class=\"_ _458\"> </span></div></td><td class=\"c n x4b9 y3655 w255 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws331\">309<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ba y3655 w3e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws331\">120<span class=\"_ _458\"> </span></div></td><td class=\"c n x4bb y3655 w3f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws331\">429<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls268 ws27e gs219\">1. <span class=\"_ _24\"> </span>In the prior year, on 25 Sept<span class=\"ls22e ws24a\">ember 2023, the Gro<span class=\"_ _6\"></span>up completed a deed of surrender <span class=\"ls227 wsbb\">in<span class=\"_ _d\"></span> relation to an in-force lease of one of <span class=\"ls30b ws1\">its<span class=\"_ _458\"> </span></span></span></span><span class=\"ls22e ws24a\"><span class=\"ls227 wsbb\"><span class=\"ls30b ws1\"> </span></span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls227 wsbb gs21a\">investment properties. The consideration f<span class=\"_ _6\"></span>or <span class=\"ls19f ws260\">the surrender was a \u00a31<span class=\"_ _6\"></span>49m premium paid by th<span class=\"_ _6\"></span><span class=\"ls30c ws332\">e tenant on the c<span class=\"_ _d\"></span>ompletion date. In li<span class=\"ls1 ws1\">ne<span class=\"_ _458\"> </span></span></span></span><span class=\"ls19f ws260\"><span class=\"ls30c ws332\"><span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls226 ws151 gs21b\">with the requirements of<span class=\"_ _6\"></span> IFRS 16, the surrender transaction was <span class=\"_ _d\"></span><span class=\"ls227 wsbb\">treated as a modification to th<span class=\"ls30d ws333\">e lease, with the surrender p<span class=\"_ _6\"></span>rem<span class=\"ls30e ws1\">ium<span class=\"_ _458\"> </span></span></span></span><span class=\"ls227 wsbb\"><span class=\"ls30d ws333\"><span class=\"ls30e ws1\"> </span></span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls227 wsbb gs21c\">received recognised in full throu<span class=\"_ _6\"></span>gh the income statement at t<span class=\"ws249\">he <span class=\"_ _6\"></span>point of completion, which represented the mo<span class=\"_ _6\"></span>dified termination<span class=\"ls30f ws334\"> date<span class=\"_ _458\"> </span></span></span><span class=\"ws249\"><span class=\"ls30f ws334\"> </span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls248 ws249 gs21d\">of the lease. At the poin<span class=\"_ _6\"></span>t of modification,<span class=\"ls22a ws246\"> the le<span class=\"_ _6\"></span>ase had associated tena<span class=\"ls310 ws335\">nt incentive balanc<span class=\"ls198 ws60\">es of \u00a354m, and as th<span class=\"_ _d\"></span>e right to rec<span class=\"ls22a ws1\">eive<span class=\"_ _458\"> </span></span></span></span></span><span class=\"ls22a ws246\"><span class=\"ls310 ws335\"><span class=\"ls198 ws60\"><span class=\"ls22a ws1\"> </span></span></span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls227 wsbb gs21e\">these amounts was extinguished thr<span class=\"_ _6\"></span>ough the lease modification, an impairment was <span class=\"_ _6\"></span>recognised in full through the<span class=\"_ _6\"></span> income statemen<span class=\"ls9c ws1\">t<span class=\"_ _458\"> </span></span><span class=\"ls9c ws1\"> </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls30c ws332 gs21f\">at the point of c<span class=\"_ _6\"></span>ompletion. Also at the<span class=\"_ _6\"></span> point of modification,<span class=\"_ _6\"></span><span class=\"ls1 ws48\"> the lease had an associated defer<span class=\"ls311\">red lease premium balance of \u00a32<span class=\"_ _6\"></span><span class=\"ls22b ws1\">5m,<span class=\"_ _458\"> </span></span></span></span><span class=\"ls1 ws48\"><span class=\"ls311\"><span class=\"ls22b ws1\"> </span></span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22f ws24b gs220\">which in line with the surrender premium received, was <span class=\"_ _6\"></span>recognised in<span class=\"ls254 ws152\"> full throu<span class=\"_ _d\"></span>gh the income statement at the point of completi<span class=\"_ _6\"></span><span class=\"ls19f ws1\">on.<span class=\"_ _458\"> </span></span></span><span class=\"ls254 ws152\"><span class=\"ls19f ws1\"> </span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls229 ws55 gs221\">Owing to the unusual and significant size and nature of this tr<span class=\"ls312 ws336\">ansaction, and in line with t</span>he Group\u2019s accounting policies, all<span class=\"ls227 wsbb\"> elements<span class=\"_ _458\"> </span></span><span class=\"ls227 wsbb\"> </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22e ws24a gs222\">of the transaction have been included within th<span class=\"_ _6\"></span>e Capi<span class=\"ls22f ws24b\">tal and other column of <span class=\"_ _6\"></span>the income statement.<span class=\"_ _458\"> </span></span><span class=\"ls22f ws24b\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs223\">Net rental income (gross rental income less property oper<span class=\"ls272 ws287\">ating expenses) recognised during the year ended 31 <span class=\"_ _6\"></span>March<span class=\"_ _458\"> </span></span><span class=\"ls272 ws287\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28b ws259 gs224\">2025 from properties which were n<span class=\"_ _6\"></span>ot subject to a securi<span class=\"_ _6\"></span>ty<span class=\"ls271 ws286\"> interest was \u00a3238m (2<span class=\"_ _6\"></span>023/24<span class=\"ls270 ws285\">: \u00a3222m).<span class=\"_ _6\"></span> Property operating<span class=\"_ _458\"> </span></span></span><span class=\"ls271 ws286\"><span class=\"ls270 ws285\"> </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28e ws29f gs225\">expenses relating to investment properties that did no<span class=\"ls249 ws28e\">t generate any rental income were \u00a32m (2023/24: \u00a32m).<span class=\"_ _458\"> </span></span><span class=\"ls249 ws28e\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs226\">Contingent rents of \u00a35m (2023/24: \u00a39m) that contain a <span class=\"ls26f ws284\">variable lease payment were recognised in the year. </span><span class=\"ls26f ws284\"><span class=\"_ _6\"></span> </span></div>5 Auditors\u2019 <span class=\"_ _30\"></span>remuneratio<span class=\"_ _1\"></span>n PricewaterhouseCoopers LLP <table class=\"s w25f h1e5\" id=\"_ebfbb4dc-80e7-4e3c-a39c-b24e8be598d2\"><tr><td></td><td class=\"t m0 x273 h19e y3754 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3754 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3755 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3755 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c x1dc y3756 w260 h1e3\"><div class=\"t m0 x1c8 h19f y3634 ff43 fs151 fc18 sc0 ls217 ws22a\">Fees payable to the Company\u2019s auditor for th<span class=\"_ _1\"></span>e audit of the Company\u2019s annual accounts and<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws22a\">consolidated financial statements<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c2 y3756 w11a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">0.6<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c3 y3756 w261 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws1\">0.5<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3757 ff43 fs151 fc18 sc0 ls21b ws22d\">Fees payable to the Company\u2019s auditor for th<span class=\"_ _1\"></span>e <span class=\"ws240\">audit of the Company\u2019s subsidiaries, pursuant</span><span class=\"ws240\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y36b3 w262 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">to legislation<span class=\"_ _458\"> </span></div></td><td class=\"c n x280 y36b3 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c4 y36b3 w263 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws1\">0.2<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3758 w264 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws219\">Total audit fees<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c5 y3758 w11a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">0.6<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c6 y3758 w265 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws1\">0.7<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y365e w266 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws339\">Audit related assurance services<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c7 y365e w267 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls223 ws1\">0.3<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c8 y365e w263 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws1\">0.2<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y374f w268 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws22f\">Total audit and audit related assurance services<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c5 y374f w11a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">0.9<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c9 y374f w269 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws1\">0.9<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3759 w26a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Other fees<span class=\"_ _458\"> </span></div></td><td class=\"c n x280 y3759 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ca y3759 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w26b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Other services<span class=\"_ _458\"> </span></div></td><td class=\"c n x4cb y375a w26c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">0.1<span class=\"_ _458\"> </span></div></td><td class=\"c n x4cc y375a wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w26d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n x4cb y3655 w26e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws1\">1.0<span class=\"_ _458\"> </span></div></td><td class=\"c n x4cd y3655 w26f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws1\">0.9</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-501": {
   "value": "3 <span class=\"_ _2b\"> </span>Revenue and costs<table class=\"s w211 h1e2\" id=\"_0956a2b9-19a2-4a55-ac2a-82db0378e8f0\"><tr><td></td><td></td><td class=\"c n x45e y373a w1c2 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025<span class=\"_ _458\"> </span></div></td><td></td><td></td><td class=\"c n x45f y373a w29 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f5 ws319\">2024<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x460 h19e y373b ff42 fs150 fc16 sc0 ls1f9 ws200\">Capital  </td><td></td><td></td><td class=\"t m0 x1cc h19e y373c ff43 fs150 fc18 sc0 ls1fd ws202\">Capital  </td><td></td></tr><tr><td></td><td class=\"t m0 x461 h19e y373d ff42 fs150 fc16 sc0 ls1f8 ws1\">Underlying </td><td class=\"t m0 x1cf h19e y373e ff42 fs150 fc16 sc0 ls1f9 ws200\">and other </td><td class=\"t m0 x1d0 h19e y373e ff42 fs150 fc16 sc0 ls1f4 ws1\">Total </td><td class=\"t m0 x462 h19e y373e ff43 fs150 fc18 sc0 ls1fb ws1\">Underlying </td><td class=\"t m0 x1d3 h19e y373f ff43 fs150 fc18 sc0 ls1fe ws203\">and other </td><td class=\"t m0 x1d4 h19e y373f ff43 fs150 fc18 sc0 ls1ff ws1\">Total </td></tr><tr><td></td><td class=\"t m0 x1d6 h19e y3740 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d7 h19e y3741 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d8 h19e y3741 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m  <span class=\"ff43 fc18 ls1\"> </span></td><td class=\"t m0 x3f7 h19e y3741 ff43 fs150 fc18 sc0 ls264 ws267\"> \u00a3m  </td><td class=\"t m0 x1da h19e y3742 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x33a h19e y3742 ff43 fs150 fc18 sc0 ls264 ws267\"> \u00a3m  </td></tr><tr><td class=\"c x1dc y3743 w212 h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Rent receivable</div><div class=\"t m0 x463 h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x464 y3743 w213 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls244 ws31a\">317<span class=\"_ _458\"> </span></div></td><td class=\"c n x465 y3743 w214 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls244 ws31a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x466 y3743 w215 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls244 ws31a\">317<span class=\"_ _458\"> </span></div></td><td class=\"c n x467 y3743 w216 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws31b\">284<span class=\"_ _458\"> </span></div></td><td class=\"c n x468 y3743 w217 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws31b\">25<span class=\"_ _458\"> </span></div></td><td class=\"c n x469 y3743 w218 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws31b\">309<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3744 ff43 fs151 fc18 sc0 ls20e ws219\">Spreading of tenant incentives and contract<span class=\"_ _1\"></span>ed </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3745 w219 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws2f9\">rent increases<span class=\"_ _458\"> </span></div></td><td class=\"c n x46a y3745 w21a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23b ws31c\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x46b y3745 w2f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23b ws31c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x46c y3745 w21b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23b ws31c\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x46d y3745 w21c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws31d\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n x46e y3745 w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws31d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x370 y3745 w21d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws31d\">10<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3746 w21e h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Surrender premia</div><div class=\"t m0 x46f h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x470 y3746 w21f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls221 ws31e\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n x471 y3746 w98 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls221 ws31e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x472 y3746 w220 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls221 ws31e\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n x473 y3746 w221 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws31f\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x474 y3746 w222 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws31f\">149<span class=\"_ _458\"> </span></div></td><td class=\"c n x475 y3746 w223 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws31f\">152<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3747 w224 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws20f\">Gross rental income<span class=\"_ _458\"> </span></div></td><td class=\"c n x476 y3747 w225 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws320\">330<span class=\"_ _458\"> </span></div></td><td class=\"c n x477 y3747 wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws320\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x413 y3747 w225 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws320\">330<span class=\"_ _458\"> </span></div></td><td class=\"c n x478 y3747 w226 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws321\">297<span class=\"_ _458\"> </span></div></td><td class=\"c n x479 y3747 w227 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws321\">174<span class=\"_ _458\"> </span></div></td><td class=\"c n x47a y3747 w228 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws321\">471<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3748 w229 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">Service charge income<span class=\"_ _458\"> </span></div></td><td class=\"c n x47b y3748 w22a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls307 ws322\">77<span class=\"_ _458\"> </span></div></td><td class=\"c n x47c y3748 w22b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls307 ws322\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x47d y3748 w22c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls307 ws322\">77<span class=\"_ _458\"> </span></div></td><td class=\"c n x47e y3748 w22d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls308 ws323\">59<span class=\"_ _458\"> </span></div></td><td class=\"c n x47f y3748 w22e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls308 ws323\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x480 y3748 w22d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls308 ws323\">59<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3749 w22f h1dc\"><div class=\"t m0 x1c8 h19f y3635 ff43 fs151 fc18 sc0 ls20c ws215\">Management and perfor<span class=\"_ _1\"></span>mance fees (from<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws1\">j<span class=\"_ _458\"> </span></div><div class=\"t m0 x207 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">oint ventures and assets under manageme<span class=\"_ _1\"></span>nt)<span class=\"_ _458\"> </span></div></td><td class=\"c n x481 y3749 w230 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws324\">20<span class=\"_ _458\"> </span></div></td><td class=\"c n x482 y3749 w178 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws324\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x483 y3749 w231 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws324\">20<span class=\"_ _458\"> </span></div></td><td class=\"c n x484 y3749 w232 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws325\">17<span class=\"_ _458\"> </span></div></td><td class=\"c n x485 y3749 w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws325\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x486 y3749 w233 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws325\">17<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y374a w234 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">Other fees and commissions<span class=\"_ _458\"> </span></div></td><td class=\"c n x487 y374a w235 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23b ws31c\">27<span class=\"_ _458\"> </span></div></td><td class=\"c n x488 y374a w236 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23b ws31c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x489 y374a w235 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23b ws31c\">27<span class=\"_ _458\"> </span></div></td><td class=\"c n x48a y374a w237 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws326\">28<span class=\"_ _458\"> </span></div></td><td class=\"c n x48b y374a w3c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws326\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x48c y374a w238 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws326\">28<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y374b w2c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls200 ws1\">Revenue<span class=\"_ _458\"> </span></div></td><td class=\"c n x48d y374b w239 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws204\">454<span class=\"_ _458\"> </span></div></td><td class=\"c n x48e y374b w2f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws204\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x48f y374b w23a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws204\">454<span class=\"_ _458\"> </span></div></td><td class=\"c n x490 y374b w30 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls203 ws327\">401<span class=\"_ _458\"> </span></div></td><td class=\"c n x491 y374b w31 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls203 ws327\">174<span class=\"_ _458\"> </span></div></td><td class=\"c n x492 y374b w23b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls203 ws327\">575<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y374c w23c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Service charge expenses<span class=\"_ _458\"> </span></div></td><td class=\"c n x493 y374c w23d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws206\">(68)<span class=\"_ _458\"> </span></div></td><td class=\"c n x494 y374c w178 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws206\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x495 y374c w23e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws206\">(68)<span class=\"_ _458\"> </span></div></td><td class=\"c n x496 y374c w23f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws328\">(48)<span class=\"_ _458\"> </span></div></td><td class=\"c n x497 y374c w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws328\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x498 y374c w240 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws328\">(48)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y374d w241 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Property operating expenses<span class=\"_ _458\"> </span></div></td><td class=\"c n x499 y374d w242 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws206\">(35)<span class=\"_ _458\"> </span></div></td><td class=\"c n x49a y374d w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws206\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x49b y374d w243 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws206\">(35)<span class=\"_ _458\"> </span></div></td><td class=\"c n x49c y374d w244 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws329\">(36)<span class=\"_ _458\"> </span></div></td><td class=\"c n x49d y374d w3c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws329\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x49e y374d w244 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws329\">(36)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y374e w245 h1e3\"><div class=\"t m0 x1c8 h19f y3634 ff43 fs151 fc18 sc0 ls20c ws215\">Movement in impairment of trade de<span class=\"_ _1\"></span>btors and<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">accrued income<span class=\"_ _458\"> </span></div></td><td class=\"c n x49f y374e w246 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws32a\">(5)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4a0 y374e w178 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws32a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4a1 y374e w247 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws32a\">(5)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4a2 y374e w248 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws32b\">14<span class=\"_ _458\"> </span></div></td><td class=\"c n x48b y374e w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws32b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4a3 y374e w248 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws32b\">14<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y365f w249 h1de\"><div class=\"t m0 x1c8 h19f y3634 ff43 fs151 fc18 sc0 ls20d ws216\">Movement in impairment of tenant incentive<span class=\"_ _1\"></span>s and<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">contracted rent increases</div><div class=\"t m0 x4a4 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x4a5 y374f w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls30a ws32c\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n x4a6 y374f w24a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls30a ws32c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4a7 y374f w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls30a ws32c\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n x4a8 y374f w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws32d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4a9 y374f w24b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws32d\">(54)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4aa y374f w24c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws32d\">(54)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3750 w24d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Other fees and commissions expenses<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ab y3750 w24e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws32e\">(22)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4a0 y3750 w24f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws32e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ac y3750 w250 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws32e\">(22)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ad y3750 w251 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws32f\">(22)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ae y3750 w236 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws32f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4af y3750 w251 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws32f\">(22)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f6 w252 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Costs<span class=\"_ _458\"> </span></div></td><td class=\"c n x4b0 y36f6 w34 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws206\">(123)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4b1 y36f6 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws206\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4b2 y36f6 w253 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws206\">(123)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4b3 y36f6 w37 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws330\">(92)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4b4 y36f6 w254 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws330\">(54)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4b5 y36f6 w39 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws330\">(146)<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4b6 y3655 w3b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws209\">331<span class=\"_ _458\"> </span></div></td><td class=\"c n x4b7 y3655 w170 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws209\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4b8 y3655 w3b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws209\">331<span class=\"_ _458\"> </span></div></td><td class=\"c n x4b9 y3655 w255 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws331\">309<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ba y3655 w3e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws331\">120<span class=\"_ _458\"> </span></div></td><td class=\"c n x4bb y3655 w3f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws331\">429<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>In the prior year, on 25 Sept<span class=\"ls22e ws24a\">ember 2023, the Gro<span class=\"_ _6\"></span>up completed a deed of surrender <span class=\"ls227 wsbb\">in<span class=\"_ _d\"></span> relation to an in-force lease of one of <span class=\"ls30b ws1\">its<span class=\"_ _458\"> </span></span></span></span>investment properties. The consideration f<span class=\"_ _6\"></span>or <span class=\"ls19f ws260\">the surrender was a \u00a31<span class=\"_ _6\"></span>49m premium paid by th<span class=\"_ _6\"></span><span class=\"ls30c ws332\">e tenant on the c<span class=\"_ _d\"></span>ompletion date. In li<span class=\"ls1 ws1\">ne<span class=\"_ _458\"> </span></span></span></span>with the requirements of<span class=\"_ _6\"></span> IFRS 16, the surrender transaction was <span class=\"_ _d\"></span><span class=\"ls227 wsbb\">treated as a modification to th<span class=\"ls30d ws333\">e lease, with the surrender p<span class=\"_ _6\"></span>rem<span class=\"ls30e ws1\">ium<span class=\"_ _458\"> </span></span></span></span>received recognised in full throu<span class=\"_ _6\"></span>gh the income statement at t<span class=\"ws249\">he <span class=\"_ _6\"></span>point of completion, which represented the mo<span class=\"_ _6\"></span>dified termination<span class=\"ls30f ws334\"> date<span class=\"_ _458\"> </span></span></span>of the lease. At the poin<span class=\"_ _6\"></span>t of modification,<span class=\"ls22a ws246\"> the le<span class=\"_ _6\"></span>ase had associated tena<span class=\"ls310 ws335\">nt incentive balanc<span class=\"ls198 ws60\">es of \u00a354m, and as th<span class=\"_ _d\"></span>e right to rec<span class=\"ls22a ws1\">eive<span class=\"_ _458\"> </span></span></span></span></span>these amounts was extinguished thr<span class=\"_ _6\"></span>ough the lease modification, an impairment was <span class=\"_ _6\"></span>recognised in full through the<span class=\"_ _6\"></span> income statemen<span class=\"ls9c ws1\">t<span class=\"_ _458\"> </span></span>at the point of c<span class=\"_ _6\"></span>ompletion. Also at the<span class=\"_ _6\"></span> point of modification,<span class=\"_ _6\"></span><span class=\"ls1 ws48\"> the lease had an associated defer<span class=\"ls311\">red lease premium balance of \u00a32<span class=\"_ _6\"></span><span class=\"ls22b ws1\">5m,<span class=\"_ _458\"> </span></span></span></span>which in line with the surrender premium received, was <span class=\"_ _6\"></span>recognised in<span class=\"ls254 ws152\"> full throu<span class=\"_ _d\"></span>gh the income statement at the point of completi<span class=\"_ _6\"></span><span class=\"ls19f ws1\">on.<span class=\"_ _458\"> </span></span></span>Owing to the unusual and significant size and nature of this tr<span class=\"ls312 ws336\">ansaction, and in line with t</span>he Group\u2019s accounting policies, all<span class=\"ls227 wsbb\"> elements<span class=\"_ _458\"> </span></span>of the transaction have been included within th<span class=\"_ _6\"></span>e Capi<span class=\"ls22f ws24b\">tal and other column of <span class=\"_ _6\"></span>the income statement.<span class=\"_ _458\"> </span></span>Net rental income (gross rental income less property oper<span class=\"ls272 ws287\">ating expenses) recognised during the year ended 31 <span class=\"_ _6\"></span>March<span class=\"_ _458\"> </span></span>2025 from properties which were n<span class=\"_ _6\"></span>ot subject to a securi<span class=\"_ _6\"></span>ty<span class=\"ls271 ws286\"> interest was \u00a3238m (2<span class=\"_ _6\"></span>023/24<span class=\"ls270 ws285\">: \u00a3222m).<span class=\"_ _6\"></span> Property operating<span class=\"_ _458\"> </span></span></span>expenses relating to investment properties that did no<span class=\"ls249 ws28e\">t generate any rental income were \u00a32m (2023/24: \u00a32m).<span class=\"_ _458\"> </span></span>Contingent rents of \u00a35m (2023/24: \u00a39m) that contain a <span class=\"ls26f ws284\">variable lease payment were recognised in the year. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-502": {
   "value": "<div class=\"t m0 h1a7 ff42 fs153 fc16 sc0 ls314 ws337 gs228\">4 <span class=\"_ _2b\"> </span>Valuation movements on property </div><div class=\"gs218\"><table class=\"s w256 h1e4\" id=\"_61dc5f5b-3e6e-43e9-9530-d5303d111548\"><tr><td></td><td class=\"t m0 x273 h19e y3751 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3751 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3752 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x33a h19e y3752 ff43 fs150 fc18 sc0 ls264 ws267\"> \u00a3m  </td></tr><tr><td class=\"t m0 x20e h19f y3753 ff42 fs151 fc18 sc0 ls213 ws25c\">Consolidated income statement <span class=\"_ _24e\"> </span><span class=\"ff43 ls3db ws610\"> <span class=\"_ _439\"></span> </span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3653 w257 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Revaluation of properties<span class=\"_ _458\"> </span></div></td><td class=\"c n x4bc y3653 w258 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls223 ws1\">148<span class=\"_ _458\"> </span></div></td><td class=\"c n x4bd y3653 w259 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">(131)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3654 w25a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Revaluation of properties held by joint ventures accounted f<span class=\"_ _1\"></span>or using the equity method<span class=\"_ _458\"> </span></div></td><td class=\"c n x4be y3654 w25b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">(14)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4bf y3654 w25c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws1\">(179)<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4c0 y3655 w25d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls200 ws1\">134<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c1 y3655 w25e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws1\">(310)<span class=\"_ _458\"> </span></div></td></tr></table></div>10 Property<span class=\"_ _458\"> </span>Property reconciliation for the year ended 31 March 2025<table class=\"s w336 h1f2\" id=\"_9ab97275-d0fc-440d-b4c8-e50894345f09\"><tr><td></td><td></td><td class=\"t m0 x5a9 h19e y37a8 ff42 fs150 fc16 sc0 ls2e8 ws36c\">Retail &amp; </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x5a9 h19e y37a9 ff42 fs150 fc16 sc0 ls25f ws1\">London </td><td></td><td class=\"t m0 x32e h19e y37aa ff42 fs150 fc16 sc0 ls1f9 ws200\">Investment and </td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x325 h19e y37ab ff42 fs150 fc16 sc0 ls25a ws1\">Urban </td><td></td><td class=\"t m0 x5aa h19e y37ac ff42 fs150 fc16 sc0 ls1f5 ws1\">development </td><td class=\"t m0 x57d h19e y37ad ff42 fs150 fc16 sc0 ls1fd ws311\">Trading and </td><td></td></tr><tr><td></td><td class=\"t m0 x5ab h19e y37ae ff42 fs150 fc16 sc0 ls2fc ws36a\">Campuses  </td><td class=\"t m0 x5ac h19e y37af ff42 fs150 fc16 sc0 ls303 ws1\">Logistics </td><td class=\"t m0 x1d7 h19e y37b0 ff42 fs150 fc16 sc0 ls1fa ws1\">Developments </td><td class=\"t m0 x337 h19e y37b1 ff42 fs150 fc16 sc0 ls331 ws36e\">properties  </td><td class=\"t m0 x44f h19e y37b2 ff42 fs150 fc16 sc0 ls332 ws1\">held-for-sale </td><td></td></tr><tr><td></td><td class=\"t m0 x5ad h19e y37b3 ff42 fs150 fc16 sc0 ls32f ws36b\">Level 3 </td><td class=\"t m0 x5ae h19e y37b4 ff42 fs150 fc16 sc0 ls32f ws36b\">Level 3 </td><td class=\"t m0 x5af h19e y37b5 ff42 fs150 fc16 sc0 ls330 ws36d\">Level 3 </td><td class=\"t m0 x5b0 h19e y37b6 ff42 fs150 fc16 sc0 ls32f ws313\">Level 3 </td><td class=\"t m0 x5b1 h19e y37b7 ff42 fs150 fc16 sc0 ls331 ws1\">properties </td><td class=\"t m0 x274 h19e y37b7 ff42 fs150 fc16 sc0 ls1f4 ws1\">Total </td></tr><tr><td></td><td class=\"t m0 x31e h19e y37b8 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x3e9 h19e y37b9 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x456 h19e y37ba ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d9 h19e y37bb ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1da h19e y37bc ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y37bc ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y37bd w337 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws22f\">Carrying value at 1 April 2024<span class=\"_ _458\"> </span></div></td><td class=\"c n x5b2 y37bd w338 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws36f\">1,995<span class=\"_ _458\"> </span></div></td><td class=\"c n x5b3 y37bd w339 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws36f\">2,686<span class=\"_ _458\"> </span></div></td><td class=\"c n x5b4 y37bd w33a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws36f\">548<span class=\"_ _458\"> </span></div></td><td class=\"c n x5b5 y37bd w33b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws36f\">5,229<span class=\"_ _458\"> </span></div></td><td class=\"c n x5b6 y37bd w33c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws36f\">22<span class=\"_ _458\"> </span></div></td><td class=\"c n x5b7 y37bd w33d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws36f\">5,251<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y37be ff43 fs151 fc18 sc0 ls214 ws1\">Additions <span class=\"_ _208\"> </span><span class=\"ff42 fc16 ls3db ws610\"> <span class=\"_ _433\"></span> <span class=\"_ _118\"> </span><span class=\"_ _433\"></span> <span class=\"_ _21\"> </span><span class=\"_ _433\"></span> <span class=\"_ _433\"></span> </span><span class=\"ff42 fc16 ls3db ws610\"><span class=\"_ _433\"></span> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x20f y37bf w33e h1d0\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">\u2013 property purchases</div><div class=\"t m0 x5b8 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x5b9 y37bf w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws370\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x5ba y37bf w33f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws370\">730<span class=\"_ _458\"> </span></div></td><td class=\"c n x5bb y37bf w183 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws370\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x5bc y37bf w340 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws370\">730<span class=\"_ _458\"> </span></div></td><td class=\"c n x5bd y37bf w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws370\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x5be y37bf w33f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws370\">730<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x20f y3743 w341 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">\u2013 development expenditure<span class=\"_ _458\"> </span></div></td><td class=\"c n x5bf y3743 w342 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws371\">22<span class=\"_ _458\"> </span></div></td><td class=\"c n x5c0 y3743 w343 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws371\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x5c1 y3743 wcd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws371\">78<span class=\"_ _458\"> </span></div></td><td class=\"c n x5c2 y3743 w344 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws371\">105<span class=\"_ _458\"> </span></div></td><td class=\"c n x5c3 y3743 w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws371\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x5c4 y3743 w344 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws371\">105<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x20f y37c0 w345 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">\u2013 capitalised interest and staff costs<span class=\"_ _458\"> </span></div></td><td class=\"c n x5c5 y37c0 w346 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws372\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n x5c6 y37c0 w347 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws372\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x5c7 y37c0 w348 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws372\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n x5c8 y37c0 w349 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws372\">18<span class=\"_ _458\"> </span></div></td><td class=\"c n x5c9 y37c0 w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws372\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x5ca y37c0 w34a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws372\">18<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x5cb h19f y37c1 ff43 fs151 fc18 sc0 ls20e ws219\">\u2013 capital expenditure on asset </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x5cc y3746 w34b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws373\">management i<span class=\"_ _1\"></span>nitiatives<span class=\"_ _458\"> </span></div></td><td class=\"c n x5cd y3746 w34c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws374\">19<span class=\"_ _458\"> </span></div></td><td class=\"c n x5ce y3746 w34d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws374\">31<span class=\"_ _458\"> </span></div></td><td class=\"c n x5cf y3746 w347 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws374\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x5d0 y3746 w34e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws374\">51<span class=\"_ _458\"> </span></div></td><td class=\"c n x5d1 y3746 w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws374\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x5d2 y3746 w34f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws374\">51<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x20f y37c2 w350 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">\u2013 head lease assets an<span class=\"ls206 ws22f\">d right-of-use assets<span class=\"_ _458\"> </span></span></div></td><td class=\"c n x5d3 y37c2 w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws375\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x5d4 y37c2 w351 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws375\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x5d5 y37c2 w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws375\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x5d6 y37c2 w352 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws375\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x5d7 y37c2 w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws375\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x5d8 y37c2 w351 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws375\">4<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x5d9 y37c3 w353 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws376\">48<span class=\"_ _458\"> </span></div></td><td class=\"c n x5da y37c3 w354 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws376\">771<span class=\"_ _458\"> </span></div></td><td class=\"c n x5db y37c3 w355 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws376\">89<span class=\"_ _458\"> </span></div></td><td class=\"c n x5dc y37c3 w356 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws376\">908<span class=\"_ _458\"> </span></div></td><td class=\"c n x46e y37c3 w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws376\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x5dd y37c3 w357 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws376\">908<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y37c4 w358 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls222 ws1\">Disposals<span class=\"_ _458\"> </span></div></td><td class=\"c n x5de y37c4 w359 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws377\">(59)<span class=\"_ _458\"> </span></div></td><td class=\"c n x5df y37c4 w35a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws377\">(82)<span class=\"_ _458\"> </span></div></td><td class=\"c n x5e0 y37c4 w1b0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws377\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x5e1 y37c4 w35b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws377\">(141)<span class=\"_ _458\"> </span></div></td><td class=\"c n x5e2 y37c4 w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws377\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x5e3 y37c4 w35b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws377\">(141)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y37c5 w35c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws1\">Reclassifications<span class=\"_ _458\"> </span></div></td><td class=\"c n x5e4 y37c5 w35d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws378\">237<span class=\"_ _458\"> </span></div></td><td class=\"c n x5e5 y37c5 wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws378\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x5e6 y37c5 w35e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws378\">(259)<span class=\"_ _458\"> </span></div></td><td class=\"c n x5e7 y37c5 w35f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws378\">(22)<span class=\"_ _458\"> </span></div></td><td class=\"c n x5e8 y37c5 w33c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws378\">22<span class=\"_ _458\"> </span></div></td><td class=\"c n x5e9 y37c5 wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws378\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y37c6 w360 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Revaluations included in income state<span class=\"_ _1\"></span>ment<span class=\"_ _458\"> </span></div></td><td class=\"c n x5ea y37c6 w361 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws379\">(52)<span class=\"_ _458\"> </span></div></td><td class=\"c n x5eb y37c6 w362 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws379\">189<span class=\"_ _458\"> </span></div></td><td class=\"c n x5ec y37c6 w363 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws379\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n x5ed y37c6 w364 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws379\">148<span class=\"_ _458\"> </span></div></td><td class=\"c n x5ee y37c6 w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws379\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x5ef y37c6 w364 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws379\">148<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y37c7 ff43 fs151 fc18 sc0 ls20b ws255\">Movement in tenant incentives and co<span class=\"_ _1\"></span>ntracted </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y37c8 w365 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">rent uplift balances<span class=\"_ _458\"> </span></div></td><td class=\"c n x5f0 y37c8 w351 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws37a\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x5f1 y37c8 w366 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws37a\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x5f2 y37c8 w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws37a\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x5f3 y37c8 w20c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws37a\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n x5f4 y37c8 w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws37a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x5f5 y37c8 w20c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws37a\">8<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y37c9 w367 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls23b ws2f9\">Carrying value at 31 March 2025<span class=\"_ _458\"> </span></div></td><td class=\"c n x5f6 y37c9 w368 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws37b\">2,173<span class=\"_ _458\"> </span></div></td><td class=\"c n x5f7 y37c9 w369 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws37b\">3,566<span class=\"_ _458\"> </span></div></td><td class=\"c n x5f8 y37c9 w36a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws37b\">391<span class=\"_ _458\"> </span></div></td><td class=\"c n x5f9 y37c9 w36b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws37b\">6,130<span class=\"_ _458\"> </span></div></td><td class=\"c n x5fa y37c9 w36c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws37b\">44<span class=\"_ _458\"> </span></div></td><td class=\"c n x5fb y37c9 w36d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws37b\">6,174<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y374d w36e h1d9\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">Lease liabilities (Notes 14 and 15)</div><div class=\"t m0 x5fc h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">2</div></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x5fd h19f y37ca ff43 fs151 fc18 sc0 ls1 ws1\"> <span class=\"_ _112\"> </span><span class=\"ff42 fc16 ls23a ws37c\">  <span class=\"_ _29b\"> </span> <span class=\"_ _21\"> </span>  <span class=\"_ _231\"></span>(111)</span><span class=\"ff42 fc16 ls23a ws37c\"> </span></td></tr><tr><td class=\"c x1dc y368a w36f h1d6\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Less valuation surplus on righ<span class=\"_ _1\"></span>t-of-use assets</div><div class=\"t m0 x5fe h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">3</div></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x1d5 h19f y37cb ff43 fs151 fc18 sc0 ls1 ws1\"> <span class=\"_ _29c\"> </span><span class=\"ff42 fc16 ls242 ws37d\">  <span class=\"_ _118\"> </span> <span class=\"_ _21\"> </span>  <span class=\"_ _247\"></span>(3)</span><span class=\"ff42 fc16 ls242 ws37d\"> </span></td></tr><tr><td class=\"c n x1dc y37cc w370 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Valuation surplus on trading properties<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x5ff y37cc w371 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls3db ws610\">5<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y37cd ff42 fs151 fc18 sc0 ls205 ws20b\">Group property portfolio valuation  </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y37ce ff42 fs151 fc18 sc0 ls206 ws22f\">at 31 March 2025 </td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x600 h19f y37cf ff42 fs151 fc16 sc0 ls211 ws37e\">  <span class=\"_ _118\"> </span> <span class=\"_ _21\"> </span>  <span class=\"_ _1da\"></span>6,065 </td></tr><tr><td class=\"c x1dc y37d0 w372 h1d9\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Non-controlling interests</div><div class=\"t m0 x601 h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">4</div></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x602 h19f y37d1 ff43 fs151 fc18 sc0 ls1 ws1\"> <span class=\"_ _1a7\"> </span><span class=\"ff42 fc16 ls3db ws610\"> <span class=\"_ _433\"></span> <span class=\"_ _118\"> </span><span class=\"_ _433\"></span> <span class=\"_ _21\"> </span><span class=\"_ _433\"></span> <span class=\"_ _433\"></span> <span class=\"_ _2f\"></span><span class=\"_ _433\"></span>\u2013</span><span class=\"ff42 fc16 ls3db ws610\"><span class=\"_ _29e\"></span><span class=\"_ _433\"></span> </span></td></tr><tr><td class=\"c x1dc y3655 w373 h1d3\"><div class=\"t m0 x1c8 h19f y3635 ff42 fs151 fc18 sc0 ls206 ws22f\">Group property portfolio valuation at<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls213 ws25c\">31 March 2025 attributable to shareholders<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x603 y3655 w374 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws37e\">6,065<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>Included within property purchases of \u00a37<span class=\"ls22a ws246\">30m are seven retail parks ac<span class=\"ls19f ws260\">quired fo<span class=\"_ _6\"></span>r consideration of \u00a3441m on<span class=\"_ _6\"></span> 2 October 2024. Th<span class=\"ls9 ws1\">e<span class=\"_ _458\"> </span></span></span></span>retail park acquisition was funded by <span class=\"_ _6\"></span>the equity placing disclosed in Note 19.<span class=\"_ _458\"> </span>2. The \u00a33m differe<span class=\"_ _6\"></span>nce between lease liabilities of \u00a3111m and \u00a31<span class=\"_ _6\"></span>14m <span class=\"ws249\">per Notes 14 and 15 relates<span class=\"_ _d\"></span> to a lease liability where the r<span class=\"ls22c ws1\">ight-of-use<span class=\"_ _458\"> </span></span></span>asset is classified as property, plan<span class=\"ls22c ws263\">t and equipment and premiu<span class=\"_ _6\"></span>ms associated <span class=\"ls226 ws151\">with the Norton <span class=\"_ _d\"></span>Folgate head lease.<span class=\"_ _458\"> </span></span></span>3. Relates to prop<span class=\"_ _6\"></span>erties held under leasing <span class=\"ls22e\">agreements. The<span class=\"_ _6\"></span> fair value of right-of-use assets is de<span class=\"_ _d\"></span>termined by calculating the <span class=\"ls32c ws1\">present<span class=\"_ _458\"> </span></span></span>value of net rental cash flows over the te<span class=\"_ _d\"></span>rm of the lease agr<span class=\"ls248 ws249\">eements. IFRS 16 right-of-use assets are no<span class=\"_ _6\"></span>t externally valued, th<span class=\"_ _6\"></span><span class=\"ls229 ws55\">eir fair<span class=\"_ _458\"> </span></span></span>values are determined by management and are t<span class=\"ls30d ws333\">herefo<span class=\"_ _6\"></span>re not included in the Group prope<span class=\"_ _6\"></span>rty portfolio<span class=\"_ _6\"></span> valuation of \u00a36,065m above.<span class=\"_ _458\"> </span></span>4. <span class=\"_ _d\"></span>On 12 June 2024, the Group acquired the <span class=\"_ _6\"></span><span class=\"ls19f ws260\">remaining 12.5% interest in Speke Uni<span class=\"_ _d\"></span>t<span class=\"_ _1\"></span> Trus<span class=\"_ _6\"></span>t.<span class=\"ls22c ws263\"> As a result of <span class=\"_ _6\"></span>this acquisition, the G<span class=\"ls333 ws380\">roup has<span class=\"_ _458\"> </span></span></span></span>\u00a3nil property non-controlling<span class=\"_ _6\"></span> interests as<span class=\"ls225 ws244\"> at 31 March 2025 (2023/24:<span class=\"_ _6\"></span> \u00a314m).<span class=\"_ _458\"> </span></span>Additions include \u00a31m of capital expenditure in response to climate ch<span class=\"_ _6\"></span>ange (2023/24: \u00a31m), in line with our<span class=\"_ _458\"> </span>Sustainability Strategy to reduce both the embodied carbon in our dev<span class=\"_ _6\"></span>elopments and the operational carbon across the<span class=\"_ _458\"> </span>Group\u2019s standing property portfolio. For further details, refe<span class=\"ls289 ws29b\">r to the Sustainability section of the Strategic Report on<span class=\"_ _458\"> </span></span>pages 36 to 43.<span class=\"_ _458\"> </span>Property reconciliation for the year ended 31 March 2024<table class=\"s w375 h1f3\" id=\"_bb0f7c90-7078-4a00-b18f-80cb07723767\"><tr><td></td><td></td><td class=\"t m0 x5ae h19e y37d2 ff43 fs150 fc18 sc0 ls25f ws383\">Retail &amp; </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x5ae h19e y37d3 ff43 fs150 fc18 sc0 ls330 ws1\">London </td><td></td><td class=\"t m0 x604 h19e y37d4 ff43 fs150 fc18 sc0 ls338 ws384\">Investment and </td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x24b h19e y37d5 ff43 fs150 fc18 sc0 ls263 ws1\">Urban </td><td></td><td class=\"t m0 x605 h19e y37d6 ff43 fs150 fc18 sc0 ls338 ws1\">development </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x333 h19e y37d7 ff43 fs150 fc18 sc0 ls335 ws1\">Campuses </td><td class=\"t m0 x44e h19e y37d8 ff43 fs150 fc18 sc0 ls337 ws1\">Logistics </td><td class=\"t m0 x1d7 h19e y37d9 ff43 fs150 fc18 sc0 ls2ef ws1\">Developments </td><td class=\"t m0 x57e h19e y37da ff43 fs150 fc18 sc0 ls2ef ws1\">properties </td><td class=\"t m0 x3ec h19e y37db ff43 fs150 fc18 sc0 ls339 ws1\">Trading </td><td></td></tr><tr><td></td><td class=\"t m0 x461 h19e y37dc ff43 fs150 fc18 sc0 ls336 ws382\">Level 3 </td><td class=\"t m0 x606 h19e y37dd ff43 fs150 fc18 sc0 ls336 ws382\">Level 3 </td><td class=\"t m0 x3ef h19e y37de ff43 fs150 fc18 sc0 ls336 ws382\">Level 3 </td><td class=\"t m0 x607 h19e y37df ff43 fs150 fc18 sc0 ls336 ws382\">Level 3 </td><td class=\"t m0 x452 h19e y37e0 ff43 fs150 fc18 sc0 ls2ef ws1\">properties </td><td class=\"t m0 x1d4 h19e y37e0 ff43 fs150 fc18 sc0 ls1ff ws1\">Total </td></tr><tr><td></td><td class=\"t m0 x608 h19e y37e1 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x460 h19e y37e2 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x456 h19e y37e3 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1d9 h19e y37e4 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1da h19e y37e5 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y37e5 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y37bd w376 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws22f\">Carrying value at 1 April 2023<span class=\"_ _458\"> </span></div></td><td class=\"c n x609 y37bd w377 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls319 ws385\">2,233<span class=\"_ _458\"> </span></div></td><td class=\"c n x60a y37bd w378 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls319 ws385\">2,611<span class=\"_ _458\"> </span></div></td><td class=\"c n x60b y37bd w379 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls319 ws385\">833<span class=\"_ _458\"> </span></div></td><td class=\"c n x60c y37bd w37a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls319 ws385\">5,677<span class=\"_ _458\"> </span></div></td><td class=\"c n x60d y37bd w37b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls319 ws385\">22<span class=\"_ _458\"> </span></div></td><td class=\"c n x60e y37bd w37c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls319 ws385\">5,699<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y37e6 ff43 fs151 fc18 sc0 ls214 ws386\">Additions <span class=\"_ _28f\"> </span>  <span class=\"_ _e0\"> </span> <span class=\"_ _21\"> </span>   </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x20f y37e7 w37d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws387\">\u2013 property purchases<span class=\"_ _458\"> </span></div></td><td class=\"c n x60f y37e7 w17e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws387\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x610 y37e7 w37e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws387\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n x611 y37e7 w17e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws387\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x612 y37e7 w37f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws387\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n x613 y37e7 w17e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws387\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x614 y37e7 w37f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws387\">58<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x20f y3743 w380 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">\u2013 development expenditure<span class=\"_ _458\"> </span></div></td><td class=\"c n x615 y3743 w381 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">16<span class=\"_ _458\"> </span></div></td><td class=\"c n x616 y3743 w382 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x617 y3743 w227 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">124<span class=\"_ _458\"> </span></div></td><td class=\"c n x618 y3743 w383 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">144<span class=\"_ _458\"> </span></div></td><td class=\"c n x619 y3743 wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x61a y3743 w383 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">144<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x20f y37e8 w384 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">\u2013 capitalised interest and staff costs<span class=\"_ _458\"> </span></div></td><td class=\"c n x61b y37e8 w385 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n x61c y37e8 w386 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x61d y37e8 w387 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">12<span class=\"_ _458\"> </span></div></td><td class=\"c n x61e y37e8 w388 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">20<span class=\"_ _458\"> </span></div></td><td class=\"c n x61f y37e8 w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x620 y37e8 w388 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">20<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x5cb h19f y37e9 ff43 fs151 fc18 sc0 ls20d ws219\">\u2013 capital expenditure on asset </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x621 h19f y37ea ff43 fs151 fc18 sc0 ls204 ws373\">management i<span class=\"_ _1\"></span>nitiatives </td><td class=\"c n x622 y3746 w70 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws388\">15<span class=\"_ _458\"> </span></div></td><td class=\"c n x623 y3746 w389 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws388\">31<span class=\"_ _458\"> </span></div></td><td class=\"c n x624 y3746 w1b1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws388\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x625 y3746 w38a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws388\">48<span class=\"_ _458\"> </span></div></td><td class=\"c n x626 y3746 w1b0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws388\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x627 y3746 w38a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws388\">48<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x20f y37c2 w38b h1d0\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">\u2013 head lease assets an<span class=\"ls209 ws240\">d right-of-use assets</span></div><div class=\"t m0 x628 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x629 y37c2 w38c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws389\">54<span class=\"_ _458\"> </span></div></td><td class=\"c n x62a y37c2 w22b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws389\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x62b y37c2 w22e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws389\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x62c y37c2 w38c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws389\">54<span class=\"_ _458\"> </span></div></td><td class=\"c n x62d y37c2 w22b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws389\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x62e y37c2 w38c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws389\">54<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x62f y37eb w38d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws38a\">92<span class=\"_ _458\"> </span></div></td><td class=\"c n x630 y37eb w38e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws38a\">94<span class=\"_ _458\"> </span></div></td><td class=\"c n x631 y37eb w38f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws38a\">138<span class=\"_ _458\"> </span></div></td><td class=\"c n x632 y37eb w390 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws38a\">324<span class=\"_ _458\"> </span></div></td><td class=\"c n x633 y37eb w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws38a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x634 y37eb w391 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws38a\">324<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y37c4 w392 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws38b\">Disposals<span class=\"_ _458\"> </span></div></td><td class=\"c n x635 y37c4 w393 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws38b\">(579)<span class=\"_ _458\"> </span></div></td><td class=\"c n x636 y37c4 w63 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws38b\">(83)<span class=\"_ _458\"> </span></div></td><td class=\"c n x637 y37c4 w3c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws38b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x638 y37c4 wbd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws38b\">(662)<span class=\"_ _458\"> </span></div></td><td class=\"c n x639 y37c4 w3c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws38b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x63a y37c4 wbd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws38b\">(662)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y37ec w394 h1d0\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws1\">Reclassifications</div><div class=\"t m0 x63b h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x63c y37ec w395 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws38c\">346<span class=\"_ _458\"> </span></div></td><td class=\"c n x63d y37ec w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws38c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x63e y37ec w396 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws38c\">(346)<span class=\"_ _458\"> </span></div></td><td class=\"c n x63f y37ec w183 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws38c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x640 y37ec w1b0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws38c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x641 y37ec w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws38c\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y37ed w397 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Revaluations included in income st<span class=\"ls212 ws38d\">ate<span class=\"_ _1\"></span>ment<span class=\"_ _458\"> </span></span></div></td><td class=\"c n x642 y37ed w54 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws38d\">(115)<span class=\"_ _458\"> </span></div></td><td class=\"c n x643 y37ed w381 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws38d\">61<span class=\"_ _458\"> </span></div></td><td class=\"c n x644 y37ed w398 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws38d\">(77)<span class=\"_ _458\"> </span></div></td><td class=\"c n x645 y37ed w53 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws38d\">(131)<span class=\"_ _458\"> </span></div></td><td class=\"c n x280 y37ed wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws38d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x646 y37ed w399 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws38d\">(131)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y37ee ff43 fs151 fc18 sc0 ls20b ws255\">Movement in tenant incentives and co<span class=\"_ _1\"></span>ntracted </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y37ef w39a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">rent uplift balances<span class=\"_ _458\"> </span></div></td><td class=\"c n x647 y37ef w39b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">18<span class=\"_ _458\"> </span></div></td><td class=\"c n x648 y37ef w39c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x649 y37ef w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x64a y37ef w39d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">21<span class=\"_ _458\"> </span></div></td><td class=\"c n x64b y37ef w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x64c y37ef w39e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">21<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y37c9 w39f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls23b ws2f9\">Carrying value at 31 March 2024<span class=\"_ _458\"> </span></div></td><td class=\"c n x64d y37c9 w3a0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws38e\">1,995<span class=\"_ _458\"> </span></div></td><td class=\"c n x64e y37c9 w3a1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws38e\">2,686<span class=\"_ _458\"> </span></div></td><td class=\"c n x64f y37c9 w3a2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws38e\">548<span class=\"_ _458\"> </span></div></td><td class=\"c n x650 y37c9 w3a3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws38e\">5,229<span class=\"_ _458\"> </span></div></td><td class=\"c n x651 y37c9 w3a4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws38e\">22<span class=\"_ _458\"> </span></div></td><td class=\"c n x652 y37c9 w3a5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws38e\">5,251<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y374d w36e h1d6\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">Lease liabilities (Notes 14 and 15)</div><div class=\"t m0 x5fc h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">2</div></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x5fd h19f y37f0 ff43 fs151 fc18 sc0 ls3db ws610\"> <span class=\"_ _16e\"> </span><span class=\"_ _433\"></span> <span class=\"_ _433\"></span> <span class=\"_ _d5\"> </span><span class=\"_ _433\"></span> <span class=\"_ _13\"> </span><span class=\"_ _433\"></span> <span class=\"_ _433\"></span> <span class=\"_ _22d\"></span><span class=\"_ _433\"></span>(<span class=\"_ _29d\"></span><span class=\"_ _433\"></span><span class=\"_ _458\"> </span>1<span class=\"_ _29e\"></span><span class=\"_ _433\"></span><span class=\"_ _458\"> </span>2<span class=\"_ _29d\"></span><span class=\"_ _433\"></span><span class=\"_ _458\"> </span>3<span class=\"_ _29e\"></span><span class=\"_ _433\"></span><span class=\"_ _458\"> </span>)<span class=\"_ _29d\"></span><span class=\"_ _433\"></span> </td></tr><tr><td class=\"c x1dc y37f1 w36f h1d9\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Less valuation surplus on righ<span class=\"_ _1\"></span>t-of-use assets</div><div class=\"t m0 x5fe h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">3</div></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x1d5 h19f y37f2 ff43 fs151 fc18 sc0 ls21f ws38f\"> <span class=\"_ _d5\"> </span>  <span class=\"_ _e0\"> </span> <span class=\"_ _21\"> </span>  <span class=\"_ _1c7\"></span>(4) </td></tr><tr><td class=\"c n x1dc y37cc w370 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Valuation surplus on trading properties<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x653 y37cc w3a6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">6<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y37f3 ff42 fs151 fc18 sc0 ls205 ws20b\">Group property portfolio valuation  </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y36f5 w3a7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws22f\">at 31 March 2024<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x654 y36f5 w3a8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls3db ws610\">5<span class=\"_ _29d\"></span><span class=\"_ _433\"></span><span class=\"_ _458\"> </span>,<span class=\"_ _29e\"></span><span class=\"_ _433\"></span><span class=\"_ _458\"> </span>1<span class=\"_ _29d\"></span><span class=\"_ _433\"></span><span class=\"_ _458\"> </span>3<span class=\"_ _29e\"></span><span class=\"_ _433\"></span><span class=\"_ _458\"> </span>0<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y37d0 w3a9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws390\">Non-controlling <span class=\"_ _29e\"></span>interests<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x655 y37d0 w3aa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws390\">(14)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3655 w3ab h1d3\"><div class=\"t m0 x1c8 h19f y3635 ff42 fs151 fc18 sc0 ls206 ws22f\">Group property portfolio valuation at<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">31 March 2024 attributable to shareholders<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x656 y3655 w3ac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws391\">5,116<span class=\"_ _458\"> </span></div></td></tr></table>1. The \u00a354m head lease assets addition and <span class=\"_ _d\"></span><span class=\"ws263\">\u00a3346m reclassification from Developments to <span class=\"ls268 ws27e\">Campuses relates to the Norton Folgate<span class=\"_ _458\"> </span></span></span>development which completed in <span class=\"ls30d ws333\">the year ended 31 March 2024.<span class=\"_ _458\"> </span></span>2. The \u00a34m differe<span class=\"_ _6\"></span>nce between lease liabilities of \u00a3123m and \u00a312<span class=\"_ _6\"></span>7m <span class=\"ls26a ws27f\">per Notes 14 and 15 relates<span class=\"_ _6\"></span> to<span class=\"ls227 wsbb\"> a lease liability wh<span class=\"_ _6\"></span>ere the r<span class=\"ls22c ws1\">ight-of-use<span class=\"_ _458\"> </span></span></span></span>asset is classified as property, plan<span class=\"ls22c ws263\">t and equipment and premiu<span class=\"_ _6\"></span>ms associated <span class=\"ls226 ws151\">with the Norton <span class=\"_ _d\"></span>Folgate head lease.<span class=\"_ _458\"> </span></span></span>3. Relates to prop<span class=\"_ _6\"></span>erties held under leasing <span class=\"ls22e\">agreements. The<span class=\"_ _6\"></span> fair value of right-of-use assets is de<span class=\"_ _d\"></span>termined by calculating the <span class=\"ls32c ws1\">present<span class=\"_ _458\"> </span></span></span>value of net rental cash flows over the te<span class=\"_ _d\"></span>rm of the lease agr<span class=\"ls248 ws249\">eements. IFRS 16 right-of-use assets are no<span class=\"_ _6\"></span>t externally valued, th<span class=\"_ _6\"></span><span class=\"ls229 ws55\">eir fair<span class=\"_ _458\"> </span></span></span>values are determined by management, <span class=\"ls22e ws24a\">and are therefore not in<span class=\"_ _6\"></span>cluded in the Group prop<span class=\"ls30d ws333\">erty portf<span class=\"_ _6\"></span>olio valuation of \u00a35,130m above.<span class=\"_ _458\"> </span></span></span>In the prio<span class=\"_ _6\"></span>r year, on 1<span class=\"_ _6\"></span>5 March<span class=\"_ _6\"></span> 2024, <span class=\"ls27c ws291\">the Group entered into a new 50:<span class=\"_ _6\"></span>50 join<span class=\"ls274 ws289\">t venture agreement with Royal London<span class=\"_ _458\"> </span></span></span>Mutual Insurance Society Limited in relation to 1 Triton <span class=\"ls2a1 ws252\">Square, resulting in the disposal of \u00a3450m of investment<span class=\"_ _458\"> </span></span>property with a resulting loss in the Capital and other colu<span class=\"ls275 ws28a\">mn of the consolidated income<span class=\"ls28e ws29f\"> <span class=\"_ _6\"></span>statement of \u00a368m for the<span class=\"_ _458\"> </span></span></span>year ended 31 March 2024. The \u00a354m of tenant incentives im<span class=\"_ _1\"></span><span class=\"ls299 ws2a3\">pairment arising from the surrender transaction of 1 Triton<span class=\"_ _458\"> </span></span>Square forms part of the \u00a368m loss<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>on disposal (see No<span class=\"_ _1\"></span><span class=\"ls289 ws29b\">t<span class=\"_ _6\"></span>e 3 for further information). The remaining \u00a314m loss on<span class=\"_ _458\"> </span></span>disposal has been account<span class=\"_ _6\"></span>ed for within the loss <span class=\"_ _6\"></span>on disposal<span class=\"ls27c ws291\"> <span class=\"_ _6\"></span>of investment property line within the Capital and other<span class=\"_ _458\"> </span></span>column of the consolidated income <span class=\"_ _6\"></span>stat<span class=\"ls27e ws293\">ement. As at 3<span class=\"_ _6\"></span>0 September 2023, the fair value of the<span class=\"_ _6\"></span> related investment<span class=\"_ _458\"> </span></span>property was \u00a3353m, with a corresponding revaluation loss <span class=\"_ _6\"></span><span class=\"ls274 ws289\">recognised within the valuation movement of \u00a343m in the<span class=\"_ _458\"> </span></span>Capital and other column of the consolidated income<span class=\"_ _d\"></span> statement. <div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls2a0 ws2b8 gs28e\">Property valuation </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs28f\">The different valuation method levels are defined below: </div><div class=\"t m0 h19f ff42 fs151 fc18 sc0 ls206 ws22f gs290\">Level 1: <span class=\"_ _1b\"> </span>Quoted prices (unadjusted) in active<span class=\"ls209 ws240\"> markets for identical assets or liabilities. </span></div><div class=\"t m0 h19f ff42 fs151 fc18 sc0 ls205 ws20b gs291\">Level 2: <span class=\"_ _2af\"> </span>Inputs other than quoted prices <span class=\"ls206 ws22f\">included within Level 1 tha<span class=\"_ _1\"></span>t are observable<span class=\"ls21a\"> for the asset or liability, either directl<span class=\"ls23b ws1\">y </span></span></span></div><div class=\"t m0 h19f ff42 fs151 fc18 sc0 ls217 ws22a gs292\">(i.e. as prices) or indirectly<span class=\"ls212 ws238\"> (i.e. derived from prices). </span></div><div class=\"t m0 h19f ff42 fs151 fc18 sc0 ls209 ws240 gs293\">Level 3: <span class=\"_ _2af\"> </span>Inputs for the asset or liability that are not <span class=\"ls21f ws237\">based on observable market data (unobser<span class=\"_ _1\"></span>vable inputs). </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs294\">These levels are specified in accordance with IFRS 13 \u2018F<span class=\"ls21c ws234\">air Value Measurement\u2019. Property valuations<span class=\"_ _1\"></span> are inherently </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls1 ws29d gs295\">subjective as they are made<span class=\"_ _6\"></span> on the basis of assumption<span class=\"_ _d\"></span>s ma<span class=\"ls289 ws29b\">de by the valuer which may not prove to be accurate. For </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27e ws293 gs296\">these reasons, and consistent with EPRA\u2019s<span class=\"ls27d ws292\"> <span class=\"_ _6\"></span>guidance, we have classified the valuations of ou<span class=\"_ _6\"></span>r property portfolio as Level </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gs297\">3 as defined by IFRS 13. The inputs to the va<span class=\"_ _6\"></span>luations are <span class=\"ls27e ws293\">defined as \u2018un<span class=\"_ _6\"></span>observable\u2019 by IFRS 13. These key unobservable </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs298\">inputs are net equivalent yield and estimated rental valu<span class=\"ls24d ws25b\">es for investment properties, and costs to complete for </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs299\">development properties. Further analysis<span class=\"ls26f ws284\"> and sensitivity disclosures of thes<span class=\"ls289 ws29b\">e key unobservable inputs have been </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27e ws293 gs29a\">included on the following pages. There were <span class=\"_ _d\"></span><span class=\"ls28e ws29f\">no tr<span class=\"_ _1\"></span>ansfers between level<span class=\"_ _d\"></span>s<span class=\"_ _1\"></span> in the year.  </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs29b\">The Group\u2019s total property portfolio was va<span class=\"ls275 ws28a\">lued by external valuers on the basis of<span class=\"ls274 ws289\"> fair value, in accordance with the </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs29c\">latest version of the RICS Valuation \u2013 Global Standards (i<span class=\"ls272 ws287\">ncorporating the International Valuation Standards) and the </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls270 ws285 gs29d\">UK national supplement (the \u201cRed Book\u201d), published <span class=\"_ _d\"></span><span class=\"ls27c ws291\">by The Royal Institution of Chartered Surveyors. </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs29e\">The information provided to the valuers, and the assumption<span class=\"ls289 ws29b\">s and valuation models used by the valuers, a<span class=\"_ _6\"></span>re reviewed </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs29f\">by the property portfolio team, the Head of Real Estate and Investment, the Chief F<span class=\"_ _6\"></span>inancial Officer and the Chief </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gs2a0\">Executive. The valuers meet with the ex<span class=\"ls27e ws293\">ternal auditor a<span class=\"_ _d\"></span>nd also present directly<span class=\"ls299 ws2a3\"> to the Audit Committee at the interim </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs2a1\">and year end review of results on a rotational basis. Fu<span class=\"_ _6\"></span>rthe<span class=\"ls275 ws28a\">r details of the Audit Committee\u2019s responsibilities in relation </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28e ws29f gs2a2\">to valuations can be found in the Report <span class=\"ls274 ws289\">of the Audit Committee on pages 99 to 106. </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs2a3\">Investment properties, excluding properties held for develo<span class=\"ls24a ws258\">pment, a<span class=\"_ _6\"></span>re valued by adopting the \u2018investment method\u2019 of </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs2a4\">valuation. This approach involves applyi<span class=\"ls2a1 ws252\">ng capitalisation yields to current and fu<span class=\"ls295 ws2a6\">ture rental streams <span class=\"_ _6\"></span>net of income voids </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a4 ws2aa gs2a5\">arising from vacancies or rent-free periods and associated r<span class=\"_ _1\"></span>unning costs. These capitalisation yields and future rental </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs2a6\">values are based on comparable property and leasing tran<span class=\"ls275 ws28a\">sactions in t<span class=\"_ _d\"></span>he market using the valuers\u2019 professional </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs2a7\">judgement and market observation. Other factors taken into account in the valuations include the tenure of the </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls21c ws234 gs2a8\">property, tenancy details and ground and structural co<span class=\"_ _1\"></span>nditions. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs2a9\">In the case of ongoing developments, the approach applied is <span class=\"ls272 ws287\">the \u2018residual method\u2019 <span class=\"_ _6\"></span>of valuation, which is the investment </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs2aa\">method of valuation as described above, with a deductio<span class=\"ls28d ws29a\">n<span class=\"_ _6\"></span> for all costs necessa<span class=\"_ _d\"></span>ry to complete the development, </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28e ws29f gs2ab\">including a notional finance cost, together with a further a<span class=\"ls272 ws287\">llowance for r<span class=\"_ _1\"></span>emaining risk. Properties h<span class=\"_ _6\"></span>eld for development </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs2ac\">are generally valued by adopting the higher<span class=\"ls29b ws1fd\"> of the <span class=\"_ _d\"></span>residual method of valuation, a<span class=\"ls274 ws289\">llowing for all associated risks, or the </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs2ad\">investment method of valuation for the existing asset. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs2ae\">The valuers of the Group\u2019s property portfolio have a work<span class=\"ls289 ws29b\">ing knowledge of the vari<span class=\"_ _6\"></span>ous ways that sustainability and </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs2af\">Environmental, Social and Governance factors can impa<span class=\"ls277 ws28d\">ct value and have considered these, and how market </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs2b0\">participants are reflecting these in their pricing, in arriving<span class=\"ls27c ws291\"> at their Opinion of Value and resulting valuations as at the </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls270 ws285 gs2b1\">balance sheet date. These may be: </div><div class=\"t m0 h19d ff47 fs14f fc16 sc0 ls1 ws1 gs2b2\">\u2022<span class=\"ff48\"> <span class=\"_ _1a\"> </span><span class=\"ff43 fc18 ls27e ws293\">physical risks;  </span></span></div><div class=\"t m0 h19d ff47 fs14f fc16 sc0 ls1 ws1 gs2b3\">\u2022<span class=\"ff48\"> <span class=\"_ _1a\"> </span><span class=\"ff43 fc18 ls272 ws287\">transition risks related to policy or legislation to achiev<span class=\"ls24a ws258\">e sustainability and Environmental, Social and Governance </span></span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs2b4\">targets; and </div><div class=\"t m0 h19d ff47 fs14f fc16 sc0 ls1 ws1 gs2b5\">\u2022<span class=\"ff48\"> <span class=\"_ _1a\"> </span><span class=\"ff43 fc18 ls28b ws259\">risks reflecting the views and <span class=\"ws393\">needs of ma<span class=\"_ _6\"></span>rket participants. </span></span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gs2b6\">Where available, the Group has shared ph<span class=\"_ _d\"></span>ysical climate and transiti<span class=\"ls2a1 ws252\">onal risk assessments with the valuers which they </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws25b gs2b7\">have reviewed and taken into consideration to the extent th<span class=\"ls33c ws290\">at current market pa<span class=\"_ _d\"></span>rticipants would. For furt<span class=\"_ _6\"></span>her details, </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs2b8\">refer to the Sustainability section of the Strategic Report on pages 36 to 43. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2b6 ws299 gs2b9\">Valuers obse<span class=\"_ _6\"></span>rve, assess and<span class=\"_ _6\"></span> monitor evid<span class=\"_ _6\"></span>ence from market a<span class=\"_ _6\"></span>c<span class=\"ls2a1 ws252\">tivities, including market (investor) sentiment on issues </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28c ws29e gs2ba\">such as longer t<span class=\"_ _6\"></span>erm obsoles<span class=\"_ _6\"></span>cence and, where known<span class=\"_ _6\"></span>, future Environ<span class=\"_ _6\"></span>mental, Social a<span class=\"_ _6\"></span>nd Governance relat<span class=\"_ _6\"></span>ed risks an<span class=\"_ _6\"></span>d </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs2bb\">issues which may include, for example, the market\u2019s ap<span class=\"_ _6\"></span>proa<span class=\"ls2a1 ws252\">ch to capital expenditure required to maintain the utility </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28e ws29f gs2bc\">of the asset. In the absence of reliable benchmarking data <span class=\"ls28b ws259\">and indices for estimating costs, specialist advice on<span class=\"_ _d\"></span> cost </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls277 ws28d gs2bd\">management may be required which is usually agreed with <span class=\"ls299 ws2a3\">the valuer in the ter<span class=\"_ _1\"></span>ms <span class=\"_ _d\"></span>of engagement and without which </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws287 gs2be\">reasonable estimates/assumptions may be needed to properly<span class=\"ls2a1 ws252\"> reflect market expectations in arriving at the Opinion </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28d ws394 gs2bf\">of Value.  </div>A breakdown of valuations split between the Group <span class=\"ls289 ws29b\">and its share of joi<span class=\"_ _d\"></span>nt ventur<span class=\"_ _1\"></span>es is shown below:</span><table class=\"s w3ad h1f4\" id=\"_54604741-8d9d-4e9e-a8d1-6df02d4a3e93\"><tr><td></td><td></td><td class=\"c n x45e y37f4 w1c2 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025<span class=\"_ _458\"> </span></div></td><td></td><td></td><td class=\"c n x657 y37f4 w29 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f5 ws2e2\">2024<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x542 h19e y37f5 ff42 fs150 fc16 sc0 ls339 ws1\">Joint </td><td></td><td></td><td class=\"t m0 x540 h19e y37f6 ff43 fs150 fc18 sc0 ls263 ws1\">Joint </td><td></td></tr><tr><td></td><td class=\"t m0 x658 h19e y37f7 ff42 fs150 fc16 sc0 ls2ee ws1\">Group </td><td class=\"t m0 x32c h19e y37f8 ff42 fs150 fc16 sc0 ls1fe ws1\">ventures </td><td class=\"t m0 x1d0 h19e y37f8 ff42 fs150 fc16 sc0 ls1f4 ws1\">Total </td><td class=\"t m0 x51b h19e y37f8 ff43 fs150 fc18 sc0 ls33e ws1\">Group </td><td class=\"t m0 x3e8 h19e y37f9 ff43 fs150 fc18 sc0 ls2ec ws1\">ventures </td><td class=\"t m0 x1d4 h19e y37f9 ff43 fs150 fc18 sc0 ls1ff ws1\">Total </td></tr><tr><td></td><td class=\"t m0 x1d6 h19e y37fa ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d7 h19e y37fb ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d8 h19e y37fb ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d9 h19e y37fb ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1da h19e y37fc ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y37fc ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y37fd w3ae h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">Knight Frank LLP<span class=\"_ _458\"> </span></div></td><td class=\"c n x659 y37fd w3af h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws395\">713<span class=\"_ _458\"> </span></div></td><td class=\"c n x65a y37fd w3b0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws395\">69<span class=\"_ _458\"> </span></div></td><td class=\"c n x65b y37fd w3b1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws395\">782<span class=\"_ _458\"> </span></div></td><td class=\"c n x65c y37fd w1de h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws396\">682<span class=\"_ _458\"> </span></div></td><td class=\"c n x65d y37fd w3b2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws396\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n x65e y37fd w3b3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws396\">740<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y37fe w3b4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23a ws1\">CBRE<span class=\"_ _458\"> </span></div></td><td class=\"c n x65f y37fe w3b5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls223 ws397\">2,368<span class=\"_ _458\"> </span></div></td><td class=\"c n x660 y37fe w3b6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls223 ws397\">139<span class=\"_ _458\"> </span></div></td><td class=\"c n x661 y37fe w3b7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls223 ws397\">2,507<span class=\"_ _458\"> </span></div></td><td class=\"c n x662 y37fe w3b8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws398\">1,580<span class=\"_ _458\"> </span></div></td><td class=\"c n x663 y37fe w3b9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws398\">821<span class=\"_ _458\"> </span></div></td><td class=\"c n x664 y37fe w3ba h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws398\">2,401<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y374e w3bb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls222 ws399\">Jones Lang LaSalle<span class=\"_ _458\"> </span></div></td><td class=\"c n x665 y374e w3bc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws39a\">2,753<span class=\"_ _458\"> </span></div></td><td class=\"c n x666 y374e w3bd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws39a\">632<span class=\"_ _458\"> </span></div></td><td class=\"c n x667 y374e w3be h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws39a\">3,385<span class=\"_ _458\"> </span></div></td><td class=\"c n x668 y374e w3bf h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls319 ws39b\">2,612<span class=\"_ _458\"> </span></div></td><td class=\"c n x669 y374e w3c0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls319 ws39b\">613<span class=\"_ _458\"> </span></div></td><td class=\"c n x66a y374e w3c1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls319 ws39b\">3,225<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y37ff w3c2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Cushman &amp; Wakefield<span class=\"_ _458\"> </span></div></td><td class=\"c n x66b y37ff w3c3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws39c\">231<span class=\"_ _458\"> </span></div></td><td class=\"c n x66c y37ff w3c4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws39c\">2,581<span class=\"_ _458\"> </span></div></td><td class=\"c n x66d y37ff w176 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws39c\">2,812<span class=\"_ _458\"> </span></div></td><td class=\"c n x66e y37ff w3c5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls201 ws39d\">256<span class=\"_ _458\"> </span></div></td><td class=\"c n x66f y37ff w3c6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls201 ws39d\">2,076<span class=\"_ _458\"> </span></div></td><td class=\"c n x670 y37ff w3c7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls201 ws39d\">2,332<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f5 w3c8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20c ws215\">Total property portfolio valuation<span class=\"_ _458\"> </span></div></td><td class=\"c n x671 y36f5 w3c9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws39e\">6,065<span class=\"_ _458\"> </span></div></td><td class=\"c n x672 y36f5 w3ca h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws39e\">3,421<span class=\"_ _458\"> </span></div></td><td class=\"c n x673 y36f5 w3cb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws39e\">9,486<span class=\"_ _458\"> </span></div></td><td class=\"c n x674 y36f5 w3cc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws39f\">5,130<span class=\"_ _458\"> </span></div></td><td class=\"c n x675 y36f5 w3cd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws39f\">3,568<span class=\"_ _458\"> </span></div></td><td class=\"c n x676 y36f5 w3ce h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws39f\">8,698<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3800 w3cf h1d0\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Non-controlling interests</div><div class=\"t m0 x601 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x677 y3800 w80 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x678 y3800 w80 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x679 y3800 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x67a y3800 w3aa h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws3a0\">(14)<span class=\"_ _458\"> </span></div></td><td class=\"c n x67b y3800 w3c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws3a0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x67c y3800 w3aa h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws3a0\">(14)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3801 w3d0 h1e3\"><div class=\"t m0 x1c8 h19f y3634 ff42 fs151 fc18 sc0 ls20a ws20f\">Total property portfolio valuation attributa<span class=\"_ _1\"></span>ble to<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls245 ws1\">shareholders</div><div class=\"t m0 x67d h1a0 y362f ff42 fs152 fc18 sc0 ls1 ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x67e y3655 w3c9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws39e\">6,065<span class=\"_ _458\"> </span></div></td><td class=\"c n x67f y3655 w3d1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws39e\">3,421<span class=\"_ _458\"> </span></div></td><td class=\"c n x680 y3655 w3cb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws39e\">9,486<span class=\"_ _458\"> </span></div></td><td class=\"c n x681 y3655 w3d2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws3a1\">5,116<span class=\"_ _458\"> </span></div></td><td class=\"c n x682 y3655 w3d3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws3a1\">3,568<span class=\"_ _458\"> </span></div></td><td class=\"c n x683 y3655 w3d4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws3a1\">8,684<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>On 12 June 2024, the Group acquired the <span class=\"ls19f ws260\">remaining 12<span class=\"_ _6\"></span>.5% interest in Speke Unit Trus<span class=\"_ _6\"></span>t.<span class=\"ls22c ws263\"> As a result of <span class=\"_ _6\"></span>this acquisition, the G<span class=\"ls333 ws380\">roup has<span class=\"_ _458\"> </span></span></span></span>\u00a3nil property non-controlling<span class=\"_ _6\"></span> interests as<span class=\"ls225 ws244\"> at 31 March 2025 (2023/24:<span class=\"_ _6\"></span> \u00a314m).<span class=\"_ _458\"> </span></span>2. The \u00a396m differ<span class=\"_ _6\"></span>ence between the total property portfoli<span class=\"_ _6\"></span>o valuati<span class=\"ls19f ws260\">on for joint ve<span class=\"_ _d\"></span>ntures of \u00a33,421m (2023/24: \u00a33,568m) and the <span class=\"ls33f ws1\">total<span class=\"_ _458\"> </span></span></span>investment and trading properties of \u00a33,325<span class=\"_ _6\"></span><span class=\"ls225 ws244\">m (2023/24: \u00a33,593m) disclos<span class=\"ls32c ws364\">ed in<span class=\"_ _d\"></span> Note 11 relates to \u00a3115m of property included wi<span class=\"_ _6\"></span>th<span class=\"ls225 ws1\">in<span class=\"_ _458\"> </span></span></span></span>investments in joint ventures, \u00a317m (2023/24:<span class=\"_ _6\"></span> \u00a318m) of headlease<span class=\"ls340 ws3a2\">s and a \u00a32m (2023/24: \u00a37m) trad<span class=\"ls30d ws333\">ing property deficit, both at<span class=\"_ _458\"> </span></span></span>Group share. Information about fair value measur<span class=\"ls32a ws35f\">ements using unobservable inputs (<span class=\"ls2a0 ws2b8\">Level 3) as at 31 March 2025</span></span><table class=\"s w3d5 h1f5\" id=\"_41cffdfe-0b8e-467c-85ea-c1e0a0da522d\"><tr><td></td><td></td><td></td><td></td><td class=\"c n x684 y3802 w3d6 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls265 ws3a4\">ERV p<span class=\"_ _6\"></span>er sq ft<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x685 y3802 w3d7 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls265 ws3a4\">Equivalent yield<span class=\"_ _458\"> </span></div></td><td></td><td></td><td class=\"c n x686 y3802 w3d8 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls265 ws3a4\">Costs to complete per sq ft<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x687 h19e y3803 ff42 fs150 fc16 sc0 ls25a ws1\">Fair </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x688 h19e y3804 ff42 fs150 fc16 sc0 ls25a ws2fe\">value at </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x689 h19e y3805 ff42 fs150 fc16 sc0 ls2f8 ws2fa\">31 March </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x68a h19e y3806 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x68b h19e y3806 ff42 fs150 fc16 sc0 ls2ef ws1\">Valuation </td><td class=\"t m0 x68c h19e y3806 ff42 fs150 fc16 sc0 ls262 ws1\">Min </td><td class=\"t m0 x68d h19e y3806 ff42 fs150 fc16 sc0 ls262 ws1\">Max </td><td class=\"t m0 x68e h19e y3806 ff42 fs150 fc16 sc0 ls342 ws1\">Average </td><td class=\"t m0 x68f h19e y3806 ff42 fs150 fc16 sc0 ls262 ws1\">Min </td><td class=\"t m0 x58a h19e y3806 ff42 fs150 fc16 sc0 ls262 ws1\">Max </td><td class=\"t m0 x690 h19e y3806 ff42 fs150 fc16 sc0 ls342 ws1\">Average </td><td class=\"t m0 x452 h19e y3806 ff42 fs150 fc16 sc0 ls262 ws1\">Min </td><td class=\"t m0 x51d h19e y3806 ff42 fs150 fc16 sc0 ls262 ws1\">Max </td><td class=\"t m0 x3ed h19e y3806 ff42 fs150 fc16 sc0 ls342 ws1\">Average </td></tr><tr><td class=\"t m0 x20e h19f y3807 ff42 fs151 fc18 sc0 ls245 ws1\">Investment </td><td class=\"t m0 x691 h19e y3808 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x5fd h19e y3808 ff42 fs150 fc16 sc0 ls265 ws1\">technique </td><td class=\"t m0 x44b h19e y3808 ff42 fs150 fc16 sc0 ls341 ws1\">\u00a3 </td><td class=\"t m0 x31f h19e y3808 ff42 fs150 fc16 sc0 ls341 ws1\">\u00a3 </td><td class=\"t m0 x692 h19e y3808 ff42 fs150 fc16 sc0 ls341 ws3a5\">\u00a3  </td><td class=\"t m0 x5af h19e y3808 ff42 fs150 fc16 sc0 ls343 ws1\">% </td><td class=\"t m0 x604 h19e y3808 ff42 fs150 fc16 sc0 ls343 ws1\">% </td><td class=\"t m0 x53f h19e y3808 ff42 fs150 fc16 sc0 ls343 ws3a6\">%  </td><td class=\"t m0 x3ec h19e y3808 ff42 fs150 fc16 sc0 ls341 ws1\">\u00a3 </td><td class=\"t m0 x693 h19e y3808 ff42 fs150 fc16 sc0 ls341 ws1\">\u00a3 </td><td class=\"t m0 x694 h19e y3808 ff42 fs150 fc16 sc0 ls341 ws1\">\u00a3 </td></tr><tr><td class=\"t m0 x20e h19f y3809 ff43 fs151 fc18 sc0 ls252 ws1\">Campuses </td><td></td><td class=\"t m0 x695 h19f y3809 ff43 fs151 fc18 sc0 ls206 ws1\">Investment </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x696 h19f y380a ff42 fs151 fc16 sc0 ls20d ws1\">2,086 </td><td class=\"c n x697 y380b w3d9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws1\">methodology<span class=\"_ _458\"> </span></div></td><td class=\"c n x698 y380b w3da h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws3a7\">28</div></td><td class=\"c n x699 y380b w3db h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws3a7\">136<span class=\"_ _458\"> </span></div></td><td class=\"c n x69a y380b w3dc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws3a7\">67<span class=\"_ _458\"> </span></div></td><td class=\"c n x69b y380b w343 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws3a7\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x69c y380b w3dd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws3a7\">9<span class=\"_ _458\"> </span></div></td><td class=\"c n x69d y380b w3dd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws3a7\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n x69e y380b w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws3a7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x69f y380b w3de h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws3a7\">171<span class=\"_ _458\"> </span></div></td><td class=\"c n x6a0 y380b w3df h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws3a7\">41<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y380c ff43 fs151 fc18 sc0 ls344 ws3a8\">Retail<span class=\"_ _6\"></span> &amp; London </td><td></td><td class=\"t m0 x695 h19f y380c ff43 fs151 fc18 sc0 ls206 ws1\">Investment </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y380d w3e0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls222 ws27b\">Urban Logistics<span class=\"_ _458\"> </span></div></td><td class=\"c n x6a1 y380d w3e1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws1\">3,539</div></td><td class=\"c n x697 y380d w3d9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws1\">methodology<span class=\"_ _458\"> </span></div></td><td class=\"c n x6a2 y380d w366 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls223 ws3a9\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x6a3 y380d w3e2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls223 ws3a9\">41<span class=\"_ _458\"> </span></div></td><td class=\"c n x6a4 y380d w3e3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls223 ws3a9\">20<span class=\"_ _458\"> </span></div></td><td class=\"c n x6a5 y380d w3e4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls223 ws3a9\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x6a6 y380d w3e5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls223 ws3a9\">18<span class=\"_ _458\"> </span></div></td><td class=\"c n x6a7 y380d w3e6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls223 ws3a9\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n x6a8 y380d wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls223 ws3a9\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x6a9 y380d w3e7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls223 ws3a9\">69<span class=\"_ _458\"> </span></div></td><td class=\"c n x6aa y380d w3e8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls223 ws3a9\">3<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y380e ff43 fs151 fc18 sc0 ls244 ws1\">Developments </td><td></td><td class=\"t m0 x68b h19f y380f ff43 fs151 fc18 sc0 ls252 ws1\">Residual </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x687 h19f y3810 ff42 fs151 fc16 sc0 ls20e ws1\">391 </td><td class=\"t m0 x6ab h19f y3811 ff43 fs151 fc18 sc0 ls242 ws1\">methodology </td><td class=\"c n x6ac y3812 w85 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws3aa\">29<span class=\"_ _458\"> </span></div></td><td class=\"c n x6ad y3812 w3e9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws3aa\">113<span class=\"_ _458\"> </span></div></td><td class=\"c n x6ae y3812 w3ea h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws3aa\">70<span class=\"_ _458\"> </span></div></td><td class=\"c n x6af y3812 w3eb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws3aa\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x6b0 y3812 w3ec h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws3aa\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n x6b1 y3812 w3ed h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws3aa\">5</div></td><td class=\"c n x6b2 y3812 w3ee h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws3aa\">225</div></td><td class=\"c n x6b3 y3812 w3ef h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws3aa\">1,337</div></td><td class=\"c n x6b4 y3812 w3f0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws3aa\">899<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3813 w26d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n x6b5 y3813 w3f1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws1\">6,016<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1dc y3814 w3f2 h1d3\"><div class=\"t m0 x1c8 h19f y3635 ff43 fs151 fc18 sc0 ls204 ws373\">Trading and held-<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws1\">for-sale<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3815 w3f3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws1\">properties<span class=\"_ _458\"> </span></div></td><td class=\"c n x6b6 y3815 w3f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws1\">49<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y3816 ff43 fs151 fc18 sc0 ls217 ws22a\">at fair value <span class=\"_ _ac\"> </span><span class=\"ff42 fc16 ls1 ws1\"> <span class=\"_ _116\"> </span><span class=\"ff43 fc18\"> <span class=\"_ _9a\"> </span></span><span class=\"ls3db ws610\"> <span class=\"_ _43a\"></span> <span class=\"_ _43a\"></span> <span class=\"_ _1d0\"></span><span class=\"_ _43a\"></span> <span class=\"_ _3\"></span><span class=\"_ _43a\"></span> <span class=\"_ _43a\"></span> <span class=\"_ _43a\"></span> <span class=\"_ _1c6\"></span><span class=\"_ _43a\"></span> <span class=\"_ _3\"></span><span class=\"_ _43a\"></span> <span class=\"_ _43a\"></span> </span></span><span class=\"ff42 fc16 ls1 ws1\"><span class=\"ls3db ws610\"><span class=\"_ _43a\"></span> </span></span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y3817 ff42 fs151 fc18 sc0 ls202 ws33c\">Group property </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y3818 ff42 fs151 fc18 sc0 ls20a ws1\">portfolio </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3655 w3f5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws1\">valuation<span class=\"_ _458\"> </span></div></td><td class=\"c n x6b7 y3655 w374 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws1\">6,065<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>Information about fair value measur<span class=\"ls29e ws2af\">ements using unobservable inputs (Level 3) as at 31 March 2024</span><table class=\"s w3f6 h1f6\" id=\"_88cbcc47-da3b-41af-882a-5e4501a821cc\"><tr><td></td><td></td><td></td><td></td><td class=\"c n x6b8 y3819 w3f7 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls25a ws3ab\">ERV per sq ft<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x6b9 y3819 w3f8 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls25a ws3ab\">Equivalent yiel<span class=\"ls1f9 ws200\">d<span class=\"_ _458\"> </span></span></div></td><td></td><td></td><td class=\"c n x6ba y3819 w3f9 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f9 ws200\">Costs to complete per sq ft<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x687 h19e y381a ff43 fs150 fc18 sc0 ls302 ws1\">Fair </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x6bb h19e y381b ff43 fs150 fc18 sc0 ls1ff ws3ac\">value at </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x689 h19e y381c ff43 fs150 fc18 sc0 ls2ed ws2e7\">31 March </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x68a h19e y381d ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td><td class=\"t m0 x6bc h19e y381d ff43 fs150 fc18 sc0 ls259 ws1\">Valuation </td><td class=\"t m0 x68c h19e y381d ff43 fs150 fc18 sc0 ls347 ws1\">Min </td><td class=\"t m0 x68d h19e y381d ff43 fs150 fc18 sc0 ls33e ws1\">Max </td><td class=\"t m0 x68e h19e y381d ff43 fs150 fc18 sc0 ls342 ws1\">Average </td><td class=\"t m0 x68f h19e y381d ff43 fs150 fc18 sc0 ls347 ws1\">Min </td><td class=\"t m0 x58a h19e y381d ff43 fs150 fc18 sc0 ls33e ws1\">Max </td><td class=\"t m0 x6bd h19e y381d ff43 fs150 fc18 sc0 ls342 ws1\">Average </td><td class=\"t m0 x57c h19e y381d ff43 fs150 fc18 sc0 ls347 ws1\">Min </td><td class=\"t m0 x51d h19e y381d ff43 fs150 fc18 sc0 ls33e ws1\">Max </td><td class=\"t m0 x6be h19e y381d ff43 fs150 fc18 sc0 ls342 ws1\">Average </td></tr><tr><td class=\"t m0 x20e h19f y381e ff42 fs151 fc18 sc0 ls245 ws1\">Investment </td><td class=\"t m0 x691 h19e y381f ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x68b h19e y381f ff43 fs150 fc18 sc0 ls1 ws1\">technique </td><td class=\"t m0 x44b h19e y381f ff43 fs150 fc18 sc0 ls341 ws1\">\u00a3 </td><td class=\"t m0 x31f h19e y381f ff43 fs150 fc18 sc0 ls341 ws1\">\u00a3 </td><td class=\"t m0 x692 h19e y381f ff43 fs150 fc18 sc0 ls341 ws3a5\">\u00a3  </td><td class=\"t m0 x5af h19e y381f ff43 fs150 fc18 sc0 ls348 ws1\">% </td><td class=\"t m0 x604 h19e y381f ff43 fs150 fc18 sc0 ls348 ws1\">% </td><td class=\"t m0 x53f h19e y381f ff43 fs150 fc18 sc0 ls348 ws3ad\">%  </td><td class=\"t m0 x3ec h19e y381f ff43 fs150 fc18 sc0 ls341 ws1\">\u00a3 </td><td class=\"t m0 x693 h19e y381f ff43 fs150 fc18 sc0 ls341 ws1\">\u00a3 </td><td class=\"t m0 x694 h19e y381f ff43 fs150 fc18 sc0 ls341 ws1\">\u00a3 </td></tr><tr><td class=\"t m0 x20e h19f y3820 ff43 fs151 fc18 sc0 ls252 ws1\">Campuses </td><td></td><td class=\"t m0 x695 h19f y3820 ff43 fs151 fc18 sc0 ls206 ws1\">Investment </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x6bf h19f y3821 ff43 fs151 fc18 sc0 ls207 ws1\">1,892 </td><td class=\"c n x697 y3822 w3fa h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3aa\">methodology<span class=\"_ _458\"> </span></div></td><td class=\"c n x6c0 y3822 w3fb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3aa\">23</div></td><td class=\"c n x6c1 y3822 w3fc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3aa\">136<span class=\"_ _458\"> </span></div></td><td class=\"c n x6c2 y3822 w3fd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3aa\">68<span class=\"_ _458\"> </span></div></td><td class=\"c n x6c3 y3822 w3fe h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3aa\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x6c4 y3822 w3ed h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3aa\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n x6c5 y3822 w3ff h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3aa\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n x6c6 y3822 w9c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3aa\">\u2013</div></td><td class=\"c n x6c7 y3822 w400 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3aa\">158<span class=\"_ _458\"> </span></div></td><td class=\"c n x6c8 y3822 w401 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3aa\">39<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3823 ff43 fs151 fc18 sc0 ls344 ws3a8\">Retail<span class=\"_ _6\"></span> &amp; London </td><td></td><td class=\"t m0 x695 h19f y3823 ff43 fs151 fc18 sc0 ls206 ws1\">Investment </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3824 w402 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws256\">Urban Logistics<span class=\"_ _458\"> </span></div></td><td class=\"c n x6c9 y3824 w403 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws256\">2,662</div></td><td class=\"c n x697 y3824 w404 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws3ae\">methodology<span class=\"_ _458\"> </span></div></td><td class=\"c n x6ca y3824 w8b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws3ae\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x6cb y3824 w405 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws3ae\">38<span class=\"_ _458\"> </span></div></td><td class=\"c n x6cc y3824 w406 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws3ae\">20<span class=\"_ _458\"> </span></div></td><td class=\"c n x6cd y3824 w407 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws3ae\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x6ce y3824 w408 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws3ae\">22<span class=\"_ _458\"> </span></div></td><td class=\"c n x6cf y3824 w409 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws3ae\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n x6d0 y3824 w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws3ae\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x6d1 y3824 w40a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws3ae\">24<span class=\"_ _458\"> </span></div></td><td class=\"c n x6d2 y3824 w407 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws3ae\">4<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3825 ff43 fs151 fc18 sc0 ls244 ws1\">Developments </td><td></td><td class=\"t m0 x68b h19f y3826 ff43 fs151 fc18 sc0 ls252 ws1\">Residual </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x6d3 h19f y3827 ff43 fs151 fc18 sc0 ls33a ws1\">548 </td><td class=\"t m0 x6ab h19f y3828 ff43 fs151 fc18 sc0 ls242 ws1\">methodology </td><td class=\"c n x6ac y3829 w40b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3af\">33</div></td><td class=\"c n x6d4 y3829 w40c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3af\">107<span class=\"_ _458\"> </span></div></td><td class=\"c n x6d5 y3829 w40d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3af\">67<span class=\"_ _458\"> </span></div></td><td class=\"c n x6d6 y3829 w40e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3af\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x6d7 y3829 w40f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3af\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n x6d8 y3829 w39c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3af\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x6d9 y3829 w410 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3af\">33</div></td><td class=\"c n x6da y3829 w411 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3af\">628<span class=\"_ _458\"> </span></div></td><td class=\"c n x6db y3829 w412 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3af\">171<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y382a w26d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n x6dc y382a w413 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls3db ws610\">5<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>,<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>1<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>0<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>2<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y382b ff43 fs151 fc18 sc0 ls23e ws1\">Trading </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y382c ff43 fs151 fc18 sc0 ls3db ws610\">p<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>r<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>o<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>p<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>e<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>r<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>t<span class=\"_ _2b9\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>i<span class=\"_ _2b9\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>e<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>s<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span> <span class=\"_ _59\"> </span><span class=\"_ _43a\"></span> <span class=\"_ _f\"> </span><span class=\"_ _43a\"></span> <span class=\"_ _43a\"></span> <span class=\"_ _43a\"></span> <span class=\"_ _43a\"></span> <span class=\"_ _1d0\"></span><span class=\"_ _43a\"></span> <span class=\"_ _3\"></span><span class=\"_ _43a\"></span> <span class=\"_ _43a\"></span> <span class=\"_ _43a\"></span> <span class=\"_ _1d0\"></span><span class=\"_ _43a\"></span> <span class=\"_ _3\"></span><span class=\"_ _43a\"></span> <span class=\"_ _43a\"></span> <span class=\"_ _43a\"></span> </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y382d w414 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls3db ws610\">a<span class=\"_ _2b9\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>t<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span> <span class=\"_ _23b\"></span><span class=\"_ _43a\"></span>f<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>a<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>i<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>r<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span> <span class=\"_ _23b\"></span><span class=\"_ _43a\"></span>v<span class=\"_ _2b9\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>a<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>l<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>u<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>e<span class=\"_ _458\"> </span></div></td><td class=\"c n x6dd y382d wc7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls3db ws610\">2<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>8<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y382e ff42 fs151 fc18 sc0 ls202 ws33c\">Group property </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y382f ff42 fs151 fc18 sc0 ls20a ws1\">portfolio </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3655 w3f5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws1\">valuation<span class=\"_ _458\"> </span></div></td><td class=\"c n x6de y3655 w415 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls3db ws610\">5<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>,<span class=\"_ _2b9\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>1<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>3<span class=\"_ _23b\"></span><span class=\"_ _43a\"></span><span class=\"_ _458\"> </span>0<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>Information about the impact of changes in un<span class=\"_ _6\"></span>observ<span class=\"ls2f6 ws2f7\">able inputs (Level 3) on the fair value of the<span class=\"_ _458\"> </span></span>total property portfolio as at 31 March 2025<table class=\"s w416 h1f7\" id=\"_9e1a985e-c8e2-4680-9ad7-ca893a4ad243\"><tr><td></td><td></td><td class=\"c n x6df y3830 w417 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls335 ws3b0\">Impact on valuations<span class=\"_ _458\"> </span></div></td><td></td><td></td><td class=\"c n x6e0 y3830 w418 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls335 ws3b0\">Impact<span class=\"_ _1\"></span> on<span class=\"ls25e ws315\"> valua<span class=\"_ _6\"></span>tions</span></div></td><td class=\"c n x6e1 y3830 w419 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls25e ws315\">Impact on valuations<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x68d h19e y3831 ff42 fs150 fc16 sc0 ls25a ws1\">Fair </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x324 h19e y3832 ff42 fs150 fc16 sc0 ls25a ws2fe\">value at </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x424 h19e y3833 ff42 fs150 fc16 sc0 ls2f8 ws2fa\">31 March </td><td></td><td></td><td class=\"t m0 x6e2 h19e y3833 ff42 fs150 fc16 sc0 ls25d ws1\">-25bps </td><td class=\"t m0 x6e3 h19e y3834 ff42 fs150 fc16 sc0 ls2ee ws1\">+25bps </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x454 h19e y3835 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x5a9 h19e y3835 ff42 fs150 fc16 sc0 ls2ed ws2e7\">+5% ERV </td><td class=\"t m0 x6e4 h19e y3835 ff42 fs150 fc16 sc0 ls349 ws3b1\">-5% ERV </td><td class=\"t m0 x6e5 h19e y3835 ff42 fs150 fc16 sc0 ls32f ws1\">NEY </td><td class=\"t m0 x6e6 h19e y3836 ff42 fs150 fc16 sc0 ls32f ws1\">NEY </td><td class=\"t m0 x6e7 h19e y3836 ff42 fs150 fc16 sc0 ls34a ws3b2\">-5% cost<span class=\"_ _1\"></span>s </td><td class=\"t m0 x6e8 h19e y3836 ff42 fs150 fc16 sc0 ls302 ws30f\">+5% costs </td></tr><tr><td></td><td class=\"t m0 x6e9 h19e y3837 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x6ea h19e y3837 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x6eb h19e y3837 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x57f h19e y3837 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x6ec h19e y3838 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x339 h19e y3838 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3838 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td></tr><tr><td class=\"c x1dc y3839 w41a h1d6\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws1\">Campuses</div><div class=\"t m0 x6ed h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x6ee y3839 w41b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23a ws3b3\">2,113<span class=\"_ _458\"> </span></div></td><td class=\"c n x6ef y3839 w41c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23a ws3b3\">90<span class=\"_ _458\"> </span></div></td><td class=\"c n x6f0 y3839 w41d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23a ws3b3\">(90)<span class=\"_ _458\"> </span></div></td><td class=\"c n x6f1 y3839 w41e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23a ws3b3\">106<span class=\"_ _458\"> </span></div></td><td class=\"c n x6f2 y3839 w41f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23a ws3b3\">(97)<span class=\"_ _458\"> </span></div></td><td class=\"c n x6f3 y3839 w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23a ws3b3\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x6f4 y3839 w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23a ws3b3\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y383a w420 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls34b ws3b4\">Retail<span class=\"_ _6\"></span> &amp; London U<span class=\"_ _6\"></span>rban Lo<span class=\"_ _6\"></span>gistics<span class=\"_ _458\"> </span></div></td><td class=\"c n x6f5 y383a w3e1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws3b5\">3,539<span class=\"_ _458\"> </span></div></td><td class=\"c n x6f6 y383a w421 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws3b5\">144<span class=\"_ _458\"> </span></div></td><td class=\"c n x6f7 y383a w147 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws3b5\">(141)<span class=\"_ _458\"> </span></div></td><td class=\"c n x6f8 y383a w422 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws3b5\">149<span class=\"_ _458\"> </span></div></td><td class=\"c n x6f9 y383a w423 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws3b5\">(137)<span class=\"_ _458\"> </span></div></td><td class=\"c n x6fa y383a wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws3b5\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x6fb y383a wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws3b5\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y383b w424 h1d9\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws1\">Developments</div><div class=\"t m0 x6fc h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x6fd y383b w425 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws3b6\">413<span class=\"_ _458\"> </span></div></td><td class=\"c n x6fe y383b w426 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws3b6\">19<span class=\"_ _458\"> </span></div></td><td class=\"c n x6ff y383b w427 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws3b6\">(19)<span class=\"_ _458\"> </span></div></td><td class=\"c n x700 y383b w428 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws3b6\">21<span class=\"_ _458\"> </span></div></td><td class=\"c n x701 y383b w427 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws3b6\">(19)<span class=\"_ _458\"> </span></div></td><td class=\"c n x702 y383b w429 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws3b6\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x703 y383b w42a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws3b6\">(3)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3750 w42b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">Group property portfolio valuation<span class=\"_ _458\"> </span></div></td><td class=\"c n x704 y3750 w42c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws3b7\">6,065<span class=\"_ _458\"> </span></div></td><td class=\"c n x705 y3750 w42d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws3b7\">253</div></td><td class=\"c n x706 y3750 w42e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws3b7\">(250)<span class=\"_ _458\"> </span></div></td><td class=\"c n x707 y3750 w42f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws3b7\">276</div></td><td class=\"c n x708 y3750 w430 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws3b7\">(253)<span class=\"_ _458\"> </span></div></td><td class=\"c n x709 y3750 w429 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws3b7\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x70a y3750 w2fa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws3b7\">(3)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w431 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Share of joint venture property portfolio valuation</div></td><td class=\"c n x70b y375a w3ca h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3b8\">3,421<span class=\"_ _458\"> </span></div></td><td class=\"c n x70c y375a w432 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3b8\">186<span class=\"_ _458\"> </span></div></td><td class=\"c n x70d y375a w433 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3b8\">(183)<span class=\"_ _458\"> </span></div></td><td class=\"c n x70e y375a w3c5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3b8\">223</div></td><td class=\"c n x70f y375a w434 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3b8\">(203)<span class=\"_ _458\"> </span></div></td><td class=\"c n x710 y375a w435 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3b8\">57<span class=\"_ _458\"> </span></div></td><td class=\"c n x711 y375a w243 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3b8\">(57)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w436 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls1 ws222\">Total property portfolio valuation<span class=\"_ _458\"> </span></div></td><td class=\"c n x712 y3655 w437 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws3b7\">9,486<span class=\"_ _458\"> </span></div></td><td class=\"c n x713 y3655 w438 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws3b7\">439</div></td><td class=\"c n x714 y3655 w1f2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws3b7\">(433)<span class=\"_ _458\"> </span></div></td><td class=\"c n x715 y3655 w439 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws3b7\">499</div></td><td class=\"c n x716 y3655 w43a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws3b7\">(456)<span class=\"_ _458\"> </span></div></td><td class=\"c n x717 y3655 w43b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws3b7\">60<span class=\"_ _458\"> </span></div></td><td class=\"c n x718 y3655 w43c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws3b7\">(60)<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>Includes trading properties at fair value.<span class=\"_ _458\"> </span>2. Includes held-for-sale pr<span class=\"ls227 wsbb\">operties at fair value.</span><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls32e ws368 gs2c1\">Information about the impact of changes in un<span class=\"_ _6\"></span>observ<span class=\"ls2f6 ws2f7\">able inputs (Level 3) on the fair value of the </span></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls29e ws2af gs2c2\">total property portfolio as at 31 March 2024 </div><div class=\"gs2c3\"><table class=\"s w43d h1f8\" id=\"_2cf8dadb-6213-439d-86d3-53fc576b27ef\"><tr><td></td><td></td><td class=\"c n x719 y383c w43e h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2ea ws312\">Impact on valuations<span class=\"_ _458\"> </span></div></td><td></td><td></td><td class=\"c n x71a y383c w43f h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2ea ws312\">Impact on <span class=\"ls34e ws3b9\">va<span class=\"_ _1\"></span>luations</span></div></td><td class=\"c n x71b y383c w440 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls34e ws3b9\">Impa<span class=\"_ _1\"></span>ct <span class=\"_ _12e\"></span>on<span class=\"_ _1\"></span> <span class=\"_ _12e\"></span>valua<span class=\"_ _1\"></span>tions<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x68d h19e y383d ff43 fs150 fc18 sc0 ls302 ws1\">Fair </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x324 h19e y383e ff43 fs150 fc18 sc0 ls1ff ws3ac\">value at </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x71c h19e y383f ff43 fs150 fc18 sc0 ls2ed ws2e7\">31 March </td><td></td><td></td><td class=\"t m0 x6e2 h19e y3840 ff43 fs150 fc18 sc0 ls259 ws1\">-25bps </td><td class=\"t m0 x1d9 h19e y3841 ff43 fs150 fc18 sc0 ls2fa ws1\">+25bps </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x454 h19e y3842 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td><td class=\"t m0 x5a9 h19e y3842 ff43 fs150 fc18 sc0 ls331 ws3bb\">+5% ERV </td><td class=\"t m0 x6e4 h19e y3842 ff43 fs150 fc18 sc0 ls33e ws3bc\">-5% ERV </td><td class=\"t m0 x6e5 h19e y3843 ff43 fs150 fc18 sc0 ls32f ws1\">NEY </td><td class=\"t m0 x6e6 h19e y3844 ff43 fs150 fc18 sc0 ls32f ws1\">NEY </td><td class=\"t m0 x6e7 h19e y3844 ff43 fs150 fc18 sc0 ls34f ws3be\">-5% costs </td><td class=\"t m0 x3f2 h19e y3844 ff43 fs150 fc18 sc0 ls1f7 ws3bf\">+5% costs </td></tr><tr><td></td><td class=\"t m0 x6e9 h19e y3845 ff43 fs150 fc18 sc0 ls25b ws3ba\">\u00a3m  </td><td class=\"t m0 x6ea h19e y3845 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x6eb h19e y3845 ff43 fs150 fc18 sc0 ls25b ws3bd\">\u00a3m  </td><td class=\"t m0 x57f h19e y3846 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x6ec h19e y3847 ff43 fs150 fc18 sc0 ls25b ws3bd\">\u00a3m  </td><td class=\"t m0 x339 h19e y3847 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3847 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c x1dc y3848 w41a h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws1\">Campuses</div><div class=\"t m0 x6ed h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x71d y3848 w441 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws3b8\">1,920<span class=\"_ _458\"> </span></div></td><td class=\"c n x71e y3848 w442 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws3b8\">83<span class=\"_ _458\"> </span></div></td><td class=\"c n x71f y3848 w292 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws3b8\">(83)<span class=\"_ _458\"> </span></div></td><td class=\"c n x720 y3848 w442 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws3b8\">97<span class=\"_ _458\"> </span></div></td><td class=\"c n x721 y3848 w443 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws3b8\">(89)<span class=\"_ _458\"> </span></div></td><td class=\"c n x722 y3848 w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws3b8\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x723 y3848 w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws3b8\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y365e w444 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws3c0\">Retail &amp; London Urban Logistics<span class=\"_ _458\"> </span></div></td><td class=\"c n x724 y365e w445 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws3c0\">2,662<span class=\"_ _458\"> </span></div></td><td class=\"c n x725 y365e w446 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws3c0\">112<span class=\"_ _458\"> </span></div></td><td class=\"c n x726 y365e w447 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws3c0\">(111)<span class=\"_ _458\"> </span></div></td><td class=\"c n x727 y365e w448 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws3c0\">114<span class=\"_ _458\"> </span></div></td><td class=\"c n x728 y365e w449 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws3c0\">(116)<span class=\"_ _458\"> </span></div></td><td class=\"c n x729 y365e w39c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws3c0\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x72a y365e w44a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws3c0\">(5)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y383b w44b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3c1\">Developments<span class=\"_ _458\"> </span></div></td><td class=\"c n x5f0 y383b w44c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3c1\">548<span class=\"_ _458\"> </span></div></td><td class=\"c n x72b y383b w44d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3c1\">57<span class=\"_ _458\"> </span></div></td><td class=\"c n x72c y383b w44e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3c1\">(56)<span class=\"_ _458\"> </span></div></td><td class=\"c n x72d y383b w44f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3c1\">68<span class=\"_ _458\"> </span></div></td><td class=\"c n x72e y383b w450 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3c1\">(60)<span class=\"_ _458\"> </span></div></td><td class=\"c n x72f y383b wd6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3c1\">36<span class=\"_ _458\"> </span></div></td><td class=\"c n x730 y383b w124 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3c1\">(36)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3849 w42b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">Group property portfolio valuation<span class=\"_ _458\"> </span></div></td><td class=\"c n x731 y3849 w451 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3c2\">5,130<span class=\"_ _458\"> </span></div></td><td class=\"c n x732 y3849 w452 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3c2\">252</div></td><td class=\"c n x733 y3849 w453 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3c2\">(250)<span class=\"_ _458\"> </span></div></td><td class=\"c n x734 y3849 w454 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3c2\">279</div></td><td class=\"c n x735 y3849 w455 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3c2\">(265)<span class=\"_ _458\"> </span></div></td><td class=\"c n x736 y3849 w456 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3c2\">41<span class=\"_ _458\"> </span></div></td><td class=\"c n x737 y3849 w457 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3c2\">(41)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w458 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Share of joint venture property portfolio valuation</div></td><td class=\"c n x738 y375a w459 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">3,568<span class=\"_ _458\"> </span></div></td><td class=\"c n x739 y375a w45a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">200<span class=\"_ _458\"> </span></div></td><td class=\"c n x73a y375a w45b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(197)<span class=\"_ _458\"> </span></div></td><td class=\"c n x73b y375a w45c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">237<span class=\"_ _458\"> </span></div></td><td class=\"c n x73c y375a w45d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(215)<span class=\"_ _458\"> </span></div></td><td class=\"c n x73d y375a w33c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">62<span class=\"_ _458\"> </span></div></td><td class=\"c n x73e y375a w45e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(62)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w436 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls1 ws222\">Total property portfolio valuation<span class=\"_ _458\"> </span></div></td><td class=\"c n x73f y3655 w45f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3c3\">8,698<span class=\"_ _458\"> </span></div></td><td class=\"c n x740 y3655 w460 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3c3\">452</div></td><td class=\"c n x741 y3655 w461 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3c3\">(447)<span class=\"_ _458\"> </span></div></td><td class=\"c n x742 y3655 w31 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3c3\">516</div></td><td class=\"c n x743 y3655 w462 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3c3\">(480)<span class=\"_ _458\"> </span></div></td><td class=\"c n x584 y3655 w463 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3c3\">103<span class=\"_ _458\"> </span></div></td><td class=\"c n x744 y3655 w464 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3c3\">(103)<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22e ws24a gs2c4\">1. <span class=\"_ _24\"> </span>Includes trading properties at fair value. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws25b gs2c5\">All other factors being equal: </div><div class=\"t m0 h19d ff47 fs14f fc16 sc0 ls1 ws1 gs2c6\">\u2022<span class=\"ff48\"> <span class=\"_ _1a\"> </span><span class=\"ff43 fc18 ls28e ws29f\">a higher equivalent yield or discount rate would lead to a decrease in the valuation of an asset;  </span></span></div><div class=\"t m0 h19d ff47 fs14f fc16 sc0 ls1 ws1 gs2c7\">\u2022<span class=\"ff48\"> <span class=\"_ _1a\"> </span><span class=\"ff43 fc18 ls24d ws25b\">an increase in the current or estimated future rental stre<span class=\"ls288 ws295\">am would have the effect of increasing the capital value; </span></span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws1 gs2c8\">and </div><div class=\"t m0 h19d ff47 fs14f fc16 sc0 ls1 ws1 gs2c9\">\u2022<span class=\"ff48\"> <span class=\"_ _1a\"> </span><span class=\"ff43 fc18 ls272 ws287\">an increase in the costs to complete would lead<span class=\"ls28c ws29e\"> to a decrease<span class=\"_ _6\"></span> in the <span class=\"ls289 ws29b\">valuation of an <span class=\"_ _6\"></span>asset. </span></span></span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a4 ws2aa gs2ca\">However, there are interrelatio<span class=\"_ _1\"></span>nships between the unobser<span class=\"ls27c ws291\">vable inputs which are partially determined by market </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28e ws29f gs2cb\">conditions, which would impact on these changes. The se<span class=\"ls270 ws285\">nsitivity ranges used are deemed appropriate based on </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs2cc\">industry experience. </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls32e ws368 gs2cd\">Additional property disclosures \u2013 i<span class=\"_ _6\"></span>ncluding covenant information </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28d ws29a gs2ce\">At 31 March 2025, the G<span class=\"_ _6\"></span>roup property portfolio valuation of<span class=\"_ _d\"></span> \u00a36,065m (2023/24: \u00a35,130m) comp<span class=\"_ _d\"></span>rised of freeholds of </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28e ws29f gs2cf\">\u00a33,113m (2023/24: \u00a32,522m); virtual freeholds of \u00a3473m (2<span class=\"_ _1\"></span><span class=\"ls270 ws285\">023/24: \u00a3450m); long leas<span class=\"_ _6\"></span>eholds of \u00a32,043m (2023/24: </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gs2d0\">\u00a31,794m); and short leaseholds of<span class=\"_ _6\"></span> \u00a3436m (2023/24: \u00a3364<span class=\"ls28d ws29a\">m). Th<span class=\"_ _6\"></span>e historical cost of<span class=\"ls249 ws28e\"> p<span class=\"_ _6\"></span>roperties was \u00a35,036m </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs2d1\">(2023/24: \u00a34,246m). </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs2d2\">Cumulative interest capitalised against investment, development and trading properties amounted to \u00a3155m </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls273 ws288 gs2d3\">(2023/24: \u00a3141m). </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls295 ws2a6 gs2d4\">Properties valued at \u00a3905m (2023/24:<span class=\"_ _6\"></span> \u00a31,137<span class=\"ls28e ws29f\">m) were subject to a security interest. </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs2d5\">Included within the property valuation was \u00a31m (2023/24: \u00a32m) in respect of accrued contracted rental uplift income </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls276 ws28c gs2d6\">and \u00a3129m (2023/24: \u00a3128<span class=\"_ _6\"></span>m) in respect of other tenan<span class=\"_ _d\"></span>t ince<span class=\"ls270 ws285\">ntives. The balance arises through the IFRS treatment of </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws25b gs2d7\">leases containing such arrangements, which requir<span class=\"_ _1\"></span>es the reco<span class=\"ls289 ws29b\">gnition of<span class=\"_ _6\"></span> rental income on a straight-line basis over the </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs2d8\">lease term, with the difference between this and the cash receipt changing the carrying value of the property against </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs2d9\">which revaluations are measured.  </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-503": {
   "value": "<div class=\"t m0 h1a7 ff42 fs153 fc16 sc0 ls316 ws338 gs22a\">5 Auditors\u2019 <span class=\"_ _30\"></span>remuneratio<span class=\"_ _1\"></span>n </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls29f ws2dd gs22b\">PricewaterhouseCoopers LLP </div><div class=\"gs22c\"><table class=\"s w25f h1e5\" id=\"_ebfbb4dc-80e7-4e3c-a39c-b24e8be598d2\"><tr><td></td><td class=\"t m0 x273 h19e y3754 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3754 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3755 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3755 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c x1dc y3756 w260 h1e3\"><div class=\"t m0 x1c8 h19f y3634 ff43 fs151 fc18 sc0 ls217 ws22a\">Fees payable to the Company\u2019s auditor for th<span class=\"_ _1\"></span>e audit of the Company\u2019s annual accounts and<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws22a\">consolidated financial statements<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c2 y3756 w11a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">0.6<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c3 y3756 w261 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws1\">0.5<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3757 ff43 fs151 fc18 sc0 ls21b ws22d\">Fees payable to the Company\u2019s auditor for th<span class=\"_ _1\"></span>e <span class=\"ws240\">audit of the Company\u2019s subsidiaries, pursuant</span><span class=\"ws240\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y36b3 w262 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">to legislation<span class=\"_ _458\"> </span></div></td><td class=\"c n x280 y36b3 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c4 y36b3 w263 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws1\">0.2<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3758 w264 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws219\">Total audit fees<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c5 y3758 w11a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">0.6<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c6 y3758 w265 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws1\">0.7<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y365e w266 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws339\">Audit related assurance services<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c7 y365e w267 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls223 ws1\">0.3<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c8 y365e w263 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws1\">0.2<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y374f w268 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws22f\">Total audit and audit related assurance services<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c5 y374f w11a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">0.9<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c9 y374f w269 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws1\">0.9<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3759 w26a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Other fees<span class=\"_ _458\"> </span></div></td><td class=\"c n x280 y3759 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ca y3759 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w26b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Other services<span class=\"_ _458\"> </span></div></td><td class=\"c n x4cb y375a w26c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">0.1<span class=\"_ _458\"> </span></div></td><td class=\"c n x4cc y375a wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w26d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n x4cb y3655 w26e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws1\">1.0<span class=\"_ _458\"> </span></div></td><td class=\"c n x4cd y3655 w26f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws1\">0.9</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-504": {
   "value": "<div class=\"t m0 h1a7 ff42 fs153 fc16 sc0 ls318 ws33a gs22e\">6 Net <span class=\"_ _27\"></span>financing <span class=\"_ _30\"></span>charges </div><div class=\"gs218\"><table class=\"s w270 h1e6\" id=\"_a913191e-0bc8-4ac1-87cc-c70e30f34f8f\"><tr><td></td><td class=\"t m0 x273 h19e y375b ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y375b ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y375c ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y375c ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"t m0 x20e h19f y375d ff42 fs151 fc18 sc0 ls23b ws1\">Underlying <span class=\"_ _256\"> </span><span class=\"fc16 ls1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y375e ff42 fs151 fc18 sc0 ls21f ws237\">Financing charges <span class=\"_ _14a\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _8a\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y375f w271 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Facilities and overdrafts<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ce y375f w272 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">(36)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4cf y375f w273 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">(46)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3760 w274 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws1\">Derivatives<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d0 y3760 w275 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws1\">50<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d1 y3760 w276 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">51<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3761 w277 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Other loans<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d2 y3761 w278 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws1\">(106)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d3 y3761 w279 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">(83)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3762 w27a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Obligations under head lease<span class=\"_ _1\"></span>s<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d4 y3762 w9e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d5 y3762 wb4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls219 ws1\">(3)<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4c0 y3763 w27b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">(95)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d6 y3763 w27c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls319 ws1\">(81)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3764 w27d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">Development interest capitalised<span class=\"_ _458\"> </span></div></td><td class=\"c n x2a4 y3764 wcd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">33<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d7 y3764 w27e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">25<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4c0 y3765 w5e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">(62)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d8 y3765 w61 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">(56)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3766 ff42 fs151 fc18 sc0 ls21a ws1\">Financing income <span class=\"_ _25a\"> </span><span class=\"fc16 ls1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3767 w27f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Deposits, securities and liqui<span class=\"_ _1\"></span>d investments<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d9 y3767 w127 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x4da y3767 w81 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4d9 y3768 w127 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x4da y3768 w81 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3769 w280 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">Net financing charges \u2013 Underlying<span class=\"_ _458\"> </span></div></td><td class=\"c n x4db y3769 w281 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">(60)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4dc y3769 w282 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">(55)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y36ae w283 h1e7\"><div class=\"t m0 x1c8 h19f y376a ff42 fs151 fc18 sc0 ls209 ws240\">Capital and other<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21f ws237\">Financing charges<span class=\"_ _458\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1dc y376b w284 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">Capital financing costs<span class=\"_ _458\"> </span></div></td><td class=\"c n x280 y376b w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4dd y376b wab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">(1)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b0 w285 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Valuation movement on fair value hedge acc<span class=\"_ _1\"></span>ounted derivatives<span class=\"_ _458\"> </span></div></td><td class=\"c n x4de y36b0 wa4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws1\">9<span class=\"_ _458\"> </span></div></td><td class=\"c n x4df y36b0 wbf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">12<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b1 w286 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws219\">Valuation movement on fair value hedge acc<span class=\"_ _1\"></span>ounted debt<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e0 y36b1 w287 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws1\">(12)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e1 y36b1 w288 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(14)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y376c w289 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Valuation movement on non-hedge acc<span class=\"_ _1\"></span>ounted derivatives<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e2 y376c w28a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws1\">(40)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e3 y376c w28b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws1\">(38)<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e4 y376d w28c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">(43)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e5 y376d w288 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(41)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y376e w28d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">Net financing charges \u2013 Capital and other<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e6 y376e w28e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">(43)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e7 y376e w68 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(41)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y376f w28f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Total financing income<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e8 y376f w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e9 y376f w81 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3770 w290 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Total financing charges<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ea y3770 w291 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws1\">(105)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e3 y3770 w292 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">(97)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w293 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">Net financing charges<span class=\"_ _458\"> </span></div></td><td class=\"c n x4eb y3655 w66 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws1\">(103)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ec y3655 w294 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">(96)<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs22f\">Interest payable on unsecured bank loans and related intere<span class=\"ls2a3 ws2b1\">st<span class=\"_ _d\"></span> rate derivatives was \u00a355m (2023/24: \u00a325m)<span class=\"_ _6\"></span>. The Group\u2019s </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gs230\">weighted average interest rate was 3.2% (2<span class=\"_ _d\"></span>023/24: 2.6%),<span class=\"ls295 ws2a6\"> and on a proportionally co<span class=\"_ _6\"></span>nsolidated basis was 3.6% </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls271 ws286 gs231\">(2023/24: 3.4%). </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-560": {
   "value": "6 Net <span class=\"_ _27\"></span>financing <span class=\"_ _30\"></span>charges <table class=\"s w270 h1e6\" id=\"_a913191e-0bc8-4ac1-87cc-c70e30f34f8f\"><tr><td></td><td class=\"t m0 x273 h19e y375b ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y375b ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y375c ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y375c ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"t m0 x20e h19f y375d ff42 fs151 fc18 sc0 ls23b ws1\">Underlying <span class=\"_ _256\"> </span><span class=\"fc16 ls1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y375e ff42 fs151 fc18 sc0 ls21f ws237\">Financing charges <span class=\"_ _14a\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _8a\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y375f w271 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Facilities and overdrafts<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ce y375f w272 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">(36)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4cf y375f w273 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">(46)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3760 w274 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws1\">Derivatives<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d0 y3760 w275 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws1\">50<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d1 y3760 w276 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">51<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3761 w277 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Other loans<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d2 y3761 w278 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws1\">(106)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d3 y3761 w279 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">(83)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3762 w27a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Obligations under head lease<span class=\"_ _1\"></span>s<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d4 y3762 w9e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d5 y3762 wb4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls219 ws1\">(3)<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4c0 y3763 w27b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">(95)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d6 y3763 w27c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls319 ws1\">(81)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3764 w27d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">Development interest capitalised<span class=\"_ _458\"> </span></div></td><td class=\"c n x2a4 y3764 wcd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">33<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d7 y3764 w27e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">25<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4c0 y3765 w5e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">(62)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d8 y3765 w61 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">(56)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3766 ff42 fs151 fc18 sc0 ls21a ws1\">Financing income <span class=\"_ _25a\"> </span><span class=\"fc16 ls1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3767 w27f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Deposits, securities and liqui<span class=\"_ _1\"></span>d investments<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d9 y3767 w127 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x4da y3767 w81 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4d9 y3768 w127 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x4da y3768 w81 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3769 w280 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">Net financing charges \u2013 Underlying<span class=\"_ _458\"> </span></div></td><td class=\"c n x4db y3769 w281 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">(60)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4dc y3769 w282 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">(55)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y36ae w283 h1e7\"><div class=\"t m0 x1c8 h19f y376a ff42 fs151 fc18 sc0 ls209 ws240\">Capital and other<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21f ws237\">Financing charges<span class=\"_ _458\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1dc y376b w284 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">Capital financing costs<span class=\"_ _458\"> </span></div></td><td class=\"c n x280 y376b w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4dd y376b wab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">(1)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b0 w285 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Valuation movement on fair value hedge acc<span class=\"_ _1\"></span>ounted derivatives<span class=\"_ _458\"> </span></div></td><td class=\"c n x4de y36b0 wa4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws1\">9<span class=\"_ _458\"> </span></div></td><td class=\"c n x4df y36b0 wbf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">12<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b1 w286 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws219\">Valuation movement on fair value hedge acc<span class=\"_ _1\"></span>ounted debt<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e0 y36b1 w287 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws1\">(12)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e1 y36b1 w288 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(14)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y376c w289 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Valuation movement on non-hedge acc<span class=\"_ _1\"></span>ounted derivatives<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e2 y376c w28a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws1\">(40)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e3 y376c w28b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws1\">(38)<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e4 y376d w28c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">(43)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e5 y376d w288 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(41)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y376e w28d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">Net financing charges \u2013 Capital and other<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e6 y376e w28e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">(43)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e7 y376e w68 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(41)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y376f w28f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Total financing income<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e8 y376f w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e9 y376f w81 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3770 w290 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Total financing charges<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ea y3770 w291 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws1\">(105)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e3 y3770 w292 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">(97)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w293 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">Net financing charges<span class=\"_ _458\"> </span></div></td><td class=\"c n x4eb y3655 w66 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws1\">(103)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ec y3655 w294 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">(96)<span class=\"_ _458\"> </span></div></td></tr></table>Interest payable on unsecured bank loans and related intere<span class=\"ls2a3 ws2b1\">st<span class=\"_ _d\"></span> rate derivatives was \u00a355m (2023/24: \u00a325m)<span class=\"_ _6\"></span>. The Group\u2019s </span>weighted average interest rate was 3.2% (2<span class=\"_ _d\"></span>023/24: 2.6%),<span class=\"ls295 ws2a6\"> and on a proportionally co<span class=\"_ _6\"></span>nsolidated basis was 3.6% </span>(2023/24: 3.4%). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-558": {
   "value": "6 Net <span class=\"_ _27\"></span>financing <span class=\"_ _30\"></span>charges <table class=\"s w270 h1e6\" id=\"_a913191e-0bc8-4ac1-87cc-c70e30f34f8f\"><tr><td></td><td class=\"t m0 x273 h19e y375b ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y375b ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y375c ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y375c ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"t m0 x20e h19f y375d ff42 fs151 fc18 sc0 ls23b ws1\">Underlying <span class=\"_ _256\"> </span><span class=\"fc16 ls1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y375e ff42 fs151 fc18 sc0 ls21f ws237\">Financing charges <span class=\"_ _14a\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _8a\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y375f w271 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Facilities and overdrafts<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ce y375f w272 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">(36)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4cf y375f w273 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">(46)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3760 w274 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws1\">Derivatives<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d0 y3760 w275 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws1\">50<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d1 y3760 w276 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">51<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3761 w277 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Other loans<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d2 y3761 w278 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws1\">(106)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d3 y3761 w279 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">(83)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3762 w27a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Obligations under head lease<span class=\"_ _1\"></span>s<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d4 y3762 w9e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d5 y3762 wb4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls219 ws1\">(3)<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4c0 y3763 w27b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">(95)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d6 y3763 w27c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls319 ws1\">(81)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3764 w27d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">Development interest capitalised<span class=\"_ _458\"> </span></div></td><td class=\"c n x2a4 y3764 wcd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">33<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d7 y3764 w27e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">25<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4c0 y3765 w5e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">(62)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d8 y3765 w61 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">(56)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3766 ff42 fs151 fc18 sc0 ls21a ws1\">Financing income <span class=\"_ _25a\"> </span><span class=\"fc16 ls1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3767 w27f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Deposits, securities and liqui<span class=\"_ _1\"></span>d investments<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d9 y3767 w127 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x4da y3767 w81 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4d9 y3768 w127 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x4da y3768 w81 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3769 w280 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">Net financing charges \u2013 Underlying<span class=\"_ _458\"> </span></div></td><td class=\"c n x4db y3769 w281 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">(60)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4dc y3769 w282 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">(55)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y36ae w283 h1e7\"><div class=\"t m0 x1c8 h19f y376a ff42 fs151 fc18 sc0 ls209 ws240\">Capital and other<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21f ws237\">Financing charges<span class=\"_ _458\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1dc y376b w284 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">Capital financing costs<span class=\"_ _458\"> </span></div></td><td class=\"c n x280 y376b w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4dd y376b wab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">(1)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b0 w285 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Valuation movement on fair value hedge acc<span class=\"_ _1\"></span>ounted derivatives<span class=\"_ _458\"> </span></div></td><td class=\"c n x4de y36b0 wa4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws1\">9<span class=\"_ _458\"> </span></div></td><td class=\"c n x4df y36b0 wbf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">12<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b1 w286 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws219\">Valuation movement on fair value hedge acc<span class=\"_ _1\"></span>ounted debt<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e0 y36b1 w287 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws1\">(12)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e1 y36b1 w288 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(14)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y376c w289 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Valuation movement on non-hedge acc<span class=\"_ _1\"></span>ounted derivatives<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e2 y376c w28a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws1\">(40)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e3 y376c w28b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws1\">(38)<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e4 y376d w28c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">(43)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e5 y376d w288 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(41)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y376e w28d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">Net financing charges \u2013 Capital and other<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e6 y376e w28e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">(43)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e7 y376e w68 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(41)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y376f w28f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Total financing income<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e8 y376f w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e9 y376f w81 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3770 w290 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Total financing charges<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ea y3770 w291 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws1\">(105)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e3 y3770 w292 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">(97)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w293 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">Net financing charges<span class=\"_ _458\"> </span></div></td><td class=\"c n x4eb y3655 w66 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws1\">(103)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ec y3655 w294 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">(96)<span class=\"_ _458\"> </span></div></td></tr></table>Interest payable on unsecured bank loans and related intere<span class=\"ls2a3 ws2b1\">st<span class=\"_ _d\"></span> rate derivatives was \u00a355m (2023/24: \u00a325m)<span class=\"_ _6\"></span>. The Group\u2019s </span>weighted average interest rate was 3.2% (2<span class=\"_ _d\"></span>023/24: 2.6%),<span class=\"ls295 ws2a6\"> and on a proportionally co<span class=\"_ _6\"></span>nsolidated basis was 3.6% </span>(2023/24: 3.4%). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-550": {
   "value": "6 Net <span class=\"_ _27\"></span>financing <span class=\"_ _30\"></span>charges <table class=\"s w270 h1e6\" id=\"_a913191e-0bc8-4ac1-87cc-c70e30f34f8f\"><tr><td></td><td class=\"t m0 x273 h19e y375b ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y375b ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y375c ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y375c ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"t m0 x20e h19f y375d ff42 fs151 fc18 sc0 ls23b ws1\">Underlying <span class=\"_ _256\"> </span><span class=\"fc16 ls1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y375e ff42 fs151 fc18 sc0 ls21f ws237\">Financing charges <span class=\"_ _14a\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _8a\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y375f w271 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Facilities and overdrafts<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ce y375f w272 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">(36)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4cf y375f w273 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">(46)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3760 w274 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws1\">Derivatives<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d0 y3760 w275 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws1\">50<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d1 y3760 w276 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">51<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3761 w277 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Other loans<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d2 y3761 w278 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws1\">(106)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d3 y3761 w279 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">(83)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3762 w27a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Obligations under head lease<span class=\"_ _1\"></span>s<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d4 y3762 w9e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d5 y3762 wb4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls219 ws1\">(3)<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4c0 y3763 w27b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">(95)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d6 y3763 w27c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls319 ws1\">(81)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3764 w27d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">Development interest capitalised<span class=\"_ _458\"> </span></div></td><td class=\"c n x2a4 y3764 wcd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">33<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d7 y3764 w27e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">25<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4c0 y3765 w5e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">(62)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d8 y3765 w61 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">(56)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3766 ff42 fs151 fc18 sc0 ls21a ws1\">Financing income <span class=\"_ _25a\"> </span><span class=\"fc16 ls1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3767 w27f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Deposits, securities and liqui<span class=\"_ _1\"></span>d investments<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d9 y3767 w127 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x4da y3767 w81 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4d9 y3768 w127 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x4da y3768 w81 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3769 w280 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">Net financing charges \u2013 Underlying<span class=\"_ _458\"> </span></div></td><td class=\"c n x4db y3769 w281 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">(60)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4dc y3769 w282 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">(55)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y36ae w283 h1e7\"><div class=\"t m0 x1c8 h19f y376a ff42 fs151 fc18 sc0 ls209 ws240\">Capital and other<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21f ws237\">Financing charges<span class=\"_ _458\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1dc y376b w284 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">Capital financing costs<span class=\"_ _458\"> </span></div></td><td class=\"c n x280 y376b w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4dd y376b wab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">(1)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b0 w285 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Valuation movement on fair value hedge acc<span class=\"_ _1\"></span>ounted derivatives<span class=\"_ _458\"> </span></div></td><td class=\"c n x4de y36b0 wa4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws1\">9<span class=\"_ _458\"> </span></div></td><td class=\"c n x4df y36b0 wbf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">12<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b1 w286 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws219\">Valuation movement on fair value hedge acc<span class=\"_ _1\"></span>ounted debt<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e0 y36b1 w287 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws1\">(12)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e1 y36b1 w288 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(14)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y376c w289 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Valuation movement on non-hedge acc<span class=\"_ _1\"></span>ounted derivatives<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e2 y376c w28a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws1\">(40)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e3 y376c w28b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws1\">(38)<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e4 y376d w28c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">(43)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e5 y376d w288 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(41)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y376e w28d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">Net financing charges \u2013 Capital and other<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e6 y376e w28e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">(43)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e7 y376e w68 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(41)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y376f w28f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Total financing income<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e8 y376f w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e9 y376f w81 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3770 w290 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Total financing charges<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ea y3770 w291 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws1\">(105)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e3 y3770 w292 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">(97)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w293 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">Net financing charges<span class=\"_ _458\"> </span></div></td><td class=\"c n x4eb y3655 w66 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws1\">(103)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ec y3655 w294 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">(96)<span class=\"_ _458\"> </span></div></td></tr></table>Interest payable on unsecured bank loans and related intere<span class=\"ls2a3 ws2b1\">st<span class=\"_ _d\"></span> rate derivatives was \u00a355m (2023/24: \u00a325m)<span class=\"_ _6\"></span>. The Group\u2019s </span>weighted average interest rate was 3.2% (2<span class=\"_ _d\"></span>023/24: 2.6%),<span class=\"ls295 ws2a6\"> and on a proportionally co<span class=\"_ _6\"></span>nsolidated basis was 3.6% </span>(2023/24: 3.4%). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-543": {
   "value": "6 Net <span class=\"_ _27\"></span>financing <span class=\"_ _30\"></span>charges <table class=\"s w270 h1e6\" id=\"_a913191e-0bc8-4ac1-87cc-c70e30f34f8f\"><tr><td></td><td class=\"t m0 x273 h19e y375b ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y375b ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y375c ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y375c ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"t m0 x20e h19f y375d ff42 fs151 fc18 sc0 ls23b ws1\">Underlying <span class=\"_ _256\"> </span><span class=\"fc16 ls1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y375e ff42 fs151 fc18 sc0 ls21f ws237\">Financing charges <span class=\"_ _14a\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _8a\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y375f w271 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Facilities and overdrafts<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ce y375f w272 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">(36)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4cf y375f w273 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">(46)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3760 w274 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws1\">Derivatives<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d0 y3760 w275 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws1\">50<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d1 y3760 w276 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">51<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3761 w277 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Other loans<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d2 y3761 w278 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws1\">(106)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d3 y3761 w279 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">(83)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3762 w27a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Obligations under head lease<span class=\"_ _1\"></span>s<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d4 y3762 w9e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d5 y3762 wb4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls219 ws1\">(3)<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4c0 y3763 w27b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">(95)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d6 y3763 w27c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls319 ws1\">(81)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3764 w27d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">Development interest capitalised<span class=\"_ _458\"> </span></div></td><td class=\"c n x2a4 y3764 wcd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">33<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d7 y3764 w27e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">25<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4c0 y3765 w5e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">(62)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d8 y3765 w61 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">(56)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3766 ff42 fs151 fc18 sc0 ls21a ws1\">Financing income <span class=\"_ _25a\"> </span><span class=\"fc16 ls1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3767 w27f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Deposits, securities and liqui<span class=\"_ _1\"></span>d investments<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d9 y3767 w127 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x4da y3767 w81 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4d9 y3768 w127 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x4da y3768 w81 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3769 w280 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">Net financing charges \u2013 Underlying<span class=\"_ _458\"> </span></div></td><td class=\"c n x4db y3769 w281 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">(60)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4dc y3769 w282 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">(55)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y36ae w283 h1e7\"><div class=\"t m0 x1c8 h19f y376a ff42 fs151 fc18 sc0 ls209 ws240\">Capital and other<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21f ws237\">Financing charges<span class=\"_ _458\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1dc y376b w284 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">Capital financing costs<span class=\"_ _458\"> </span></div></td><td class=\"c n x280 y376b w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4dd y376b wab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">(1)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b0 w285 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Valuation movement on fair value hedge acc<span class=\"_ _1\"></span>ounted derivatives<span class=\"_ _458\"> </span></div></td><td class=\"c n x4de y36b0 wa4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws1\">9<span class=\"_ _458\"> </span></div></td><td class=\"c n x4df y36b0 wbf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">12<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b1 w286 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws219\">Valuation movement on fair value hedge acc<span class=\"_ _1\"></span>ounted debt<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e0 y36b1 w287 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws1\">(12)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e1 y36b1 w288 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(14)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y376c w289 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Valuation movement on non-hedge acc<span class=\"_ _1\"></span>ounted derivatives<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e2 y376c w28a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws1\">(40)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e3 y376c w28b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws1\">(38)<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e4 y376d w28c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">(43)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e5 y376d w288 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(41)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y376e w28d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">Net financing charges \u2013 Capital and other<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e6 y376e w28e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">(43)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e7 y376e w68 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(41)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y376f w28f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Total financing income<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e8 y376f w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e9 y376f w81 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3770 w290 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Total financing charges<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ea y3770 w291 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws1\">(105)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e3 y3770 w292 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">(97)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w293 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">Net financing charges<span class=\"_ _458\"> </span></div></td><td class=\"c n x4eb y3655 w66 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws1\">(103)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ec y3655 w294 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">(96)<span class=\"_ _458\"> </span></div></td></tr></table>Interest payable on unsecured bank loans and related intere<span class=\"ls2a3 ws2b1\">st<span class=\"_ _d\"></span> rate derivatives was \u00a355m (2023/24: \u00a325m)<span class=\"_ _6\"></span>. The Group\u2019s </span>weighted average interest rate was 3.2% (2<span class=\"_ _d\"></span>023/24: 2.6%),<span class=\"ls295 ws2a6\"> and on a proportionally co<span class=\"_ _6\"></span>nsolidated basis was 3.6% </span>(2023/24: 3.4%).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-526": {
   "value": "6 Net <span class=\"_ _27\"></span>financing <span class=\"_ _30\"></span>charges <table class=\"s w270 h1e6\" id=\"_a913191e-0bc8-4ac1-87cc-c70e30f34f8f\"><tr><td></td><td class=\"t m0 x273 h19e y375b ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y375b ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y375c ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y375c ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"t m0 x20e h19f y375d ff42 fs151 fc18 sc0 ls23b ws1\">Underlying <span class=\"_ _256\"> </span><span class=\"fc16 ls1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y375e ff42 fs151 fc18 sc0 ls21f ws237\">Financing charges <span class=\"_ _14a\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _8a\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y375f w271 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Facilities and overdrafts<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ce y375f w272 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">(36)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4cf y375f w273 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">(46)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3760 w274 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws1\">Derivatives<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d0 y3760 w275 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws1\">50<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d1 y3760 w276 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">51<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3761 w277 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Other loans<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d2 y3761 w278 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws1\">(106)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d3 y3761 w279 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">(83)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3762 w27a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Obligations under head lease<span class=\"_ _1\"></span>s<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d4 y3762 w9e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d5 y3762 wb4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls219 ws1\">(3)<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4c0 y3763 w27b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">(95)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d6 y3763 w27c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls319 ws1\">(81)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3764 w27d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">Development interest capitalised<span class=\"_ _458\"> </span></div></td><td class=\"c n x2a4 y3764 wcd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">33<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d7 y3764 w27e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">25<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4c0 y3765 w5e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">(62)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d8 y3765 w61 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">(56)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3766 ff42 fs151 fc18 sc0 ls21a ws1\">Financing income <span class=\"_ _25a\"> </span><span class=\"fc16 ls1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3767 w27f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Deposits, securities and liqui<span class=\"_ _1\"></span>d investments<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d9 y3767 w127 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x4da y3767 w81 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4d9 y3768 w127 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x4da y3768 w81 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3769 w280 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">Net financing charges \u2013 Underlying<span class=\"_ _458\"> </span></div></td><td class=\"c n x4db y3769 w281 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">(60)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4dc y3769 w282 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">(55)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y36ae w283 h1e7\"><div class=\"t m0 x1c8 h19f y376a ff42 fs151 fc18 sc0 ls209 ws240\">Capital and other<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21f ws237\">Financing charges<span class=\"_ _458\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1dc y376b w284 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">Capital financing costs<span class=\"_ _458\"> </span></div></td><td class=\"c n x280 y376b w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4dd y376b wab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">(1)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b0 w285 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Valuation movement on fair value hedge acc<span class=\"_ _1\"></span>ounted derivatives<span class=\"_ _458\"> </span></div></td><td class=\"c n x4de y36b0 wa4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws1\">9<span class=\"_ _458\"> </span></div></td><td class=\"c n x4df y36b0 wbf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">12<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b1 w286 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws219\">Valuation movement on fair value hedge acc<span class=\"_ _1\"></span>ounted debt<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e0 y36b1 w287 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws1\">(12)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e1 y36b1 w288 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(14)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y376c w289 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Valuation movement on non-hedge acc<span class=\"_ _1\"></span>ounted derivatives<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e2 y376c w28a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws1\">(40)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e3 y376c w28b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws1\">(38)<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e4 y376d w28c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">(43)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e5 y376d w288 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(41)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y376e w28d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">Net financing charges \u2013 Capital and other<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e6 y376e w28e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">(43)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e7 y376e w68 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(41)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y376f w28f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Total financing income<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e8 y376f w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e9 y376f w81 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3770 w290 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Total financing charges<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ea y3770 w291 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws1\">(105)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e3 y3770 w292 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">(97)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w293 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">Net financing charges<span class=\"_ _458\"> </span></div></td><td class=\"c n x4eb y3655 w66 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws1\">(103)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ec y3655 w294 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">(96)<span class=\"_ _458\"> </span></div></td></tr></table>Interest payable on unsecured bank loans and related intere<span class=\"ls2a3 ws2b1\">st<span class=\"_ _d\"></span> rate derivatives was \u00a355m (2023/24: \u00a325m)<span class=\"_ _6\"></span>. The Group\u2019s </span>weighted average interest rate was 3.2% (2<span class=\"_ _d\"></span>023/24: 2.6%),<span class=\"ls295 ws2a6\"> and on a proportionally co<span class=\"_ _6\"></span>nsolidated basis was 3.6% </span>(2023/24: 3.4%). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-505": {
   "value": "<div class=\"t m0 h1a7 ff42 fs153 fc16 sc0 ls31a ws33b gs233\">7 Taxation </div><div class=\"gs218\"><table class=\"s w295 h1e8\" id=\"_8e093c04-a927-43d2-b9ff-96d27bff729e\"><tr><td></td><td class=\"t m0 x273 h19e y3771 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3771 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3772 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3772 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"t m0 x20e h19f y3773 ff42 fs151 fc18 sc0 ls23b ws2f9\">Taxation expense <span class=\"_ _266\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y3774 ff42 fs151 fc18 sc0 ls217 ws22a\">Current taxation <span class=\"_ _267\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y3775 ff42 fs151 fc18 sc0 ls202 ws33c\">Underlying Profit <span class=\"_ _268\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3776 w296 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Current period UK corporation taxation (25%)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ed y3776 w9e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ee y3776 waf h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws1\">(2)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3777 w297 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Underlying Profit adjustments in respect of <span class=\"_ _1\"></span>prior periods<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ef y3777 w298 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls221 ws1\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4f0 y3777 wab h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">(1)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36a5 w299 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21a ws1\">Total current Underlying Profit taxation expense<span class=\"_ _458\"> </span></div></td><td class=\"c n x4f1 y36a5 w13c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4f2 y36a5 w29a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls219 ws1\">(3)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3778 ff42 fs151 fc18 sc0 ls206 ws22f\">Capital and other profit <span class=\"_ _26a\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _185\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3779 w296 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Current period UK corporation taxation (25%)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4f3 y3779 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4f4 y3779 wf5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws1\">(5)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y377a w29b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Capital and other profit adjust<span class=\"_ _1\"></span>ments in respect of prior periods<span class=\"_ _458\"> </span></div></td><td class=\"c n x4f5 y377a w29c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls221 ws1\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x2e5 y377a wf5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws1\">(5)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36a8 w29d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21a ws1\">Total current Capital and other profit taxati<span class=\"_ _1\"></span>on expense<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ef y36a8 w298 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls221 ws1\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4f6 y36a8 w29e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">(10)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y377b w29f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws237\">Total current taxation expense<span class=\"_ _458\"> </span></div></td><td class=\"c n x4f7 y377b w14f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">(5)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4f8 y377b w1d7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws1\">(13)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y377c w2a0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Deferred taxation on revaluation of derivatives<span class=\"_ _458\"> </span></div></td><td class=\"c n x4f9 y377c w2a1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x4fa y377c wab h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">(1)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y377d w2a2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws22f\">Group total taxation expense<span class=\"_ _458\"> </span></div></td><td class=\"c n x4fb y377d w13c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4fc y377d w68 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(14)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y377e w2a3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Attributable to joint ventures<span class=\"_ _458\"> </span></div></td><td class=\"c n x4fd y377e w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4fe y377e w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y377f w2a4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws33d\">Total taxation expense<span class=\"_ _458\"> </span></div></td><td class=\"c n x4fb y377f w13c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4fc y377f w68 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(14)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3780 ff42 fs151 fc18 sc0 ls20c ws215\">Taxation reconciliation <span class=\"_ _202\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3781 w2a5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Profit before taxation<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ff y3781 w2a6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws1\">342<span class=\"_ _458\"> </span></div></td><td class=\"c n x500 y3781 w2a7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">15<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3782 w2a8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Less: (Profit) loss attributable to joint ventures<span class=\"_ _458\"> </span></div></td><td class=\"c n x501 y3782 w2a9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">(90)<span class=\"_ _458\"> </span></div></td><td class=\"c n x502 y3782 wc8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws1\">79<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3783 w2aa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls1 ws222\">Group profit before taxation<span class=\"_ _458\"> </span></div></td><td class=\"c n x275 y3783 w2ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws1\">252<span class=\"_ _458\"> </span></div></td><td class=\"c n x503 y3783 w2ac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws1\">94<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3784 w2ad h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws240\">Taxation on profit at UK corporation taxation rate of 25%<span class=\"_ _458\"> </span></div></td><td class=\"c n x2a1 y3784 w2ae h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">(63)<span class=\"_ _458\"> </span></div></td><td class=\"c n x504 y3784 w2af h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws1\">(24)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3785 ff43 fs151 fc18 sc0 ls217 ws22a\">Effects of: <span class=\"_ _273\"> </span><span class=\"ff42 fc16 ls1 ws1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x20f y370a w2b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">\u2013 REIT exempt income and <span class=\"_ _1\"></span>gains<span class=\"_ _458\"> </span></div></td><td class=\"c n x505 y370a w2b1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23f ws1\">72<span class=\"_ _458\"> </span></div></td><td class=\"c n x506 y370a w2b2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws1\">30<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x20f y3652 w2b3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls247 ws33e\">\u2013 Taxation losses<span class=\"_ _458\"> </span></div></td><td class=\"c n x507 y3652 w287 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws1\">(12)<span class=\"_ _458\"> </span></div></td><td class=\"c n x508 y3652 w1d7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws1\">(13)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x20f y3759 w2b4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">\u2013 Deferred taxation on revaluation of derivatives<span class=\"_ _458\"> </span></div></td><td class=\"c n x509 y3759 w2a1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x50a y3759 wab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">(1)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x20f y375a w2b5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">\u2013 Adjustments in respect of <span class=\"_ _1\"></span>prior years<span class=\"_ _458\"> </span></div></td><td class=\"c n x50b y375a web h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws1\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x50c y375a w12a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws1\">(6)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w2a2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws22f\">Group total taxation expense<span class=\"_ _458\"> </span></div></td><td class=\"c n x4fb y3655 w13c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4fc y3655 w68 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(14)<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs234\">Corporation tax liability as at 31 Marc<span class=\"ls24d ws25b\">h 2025 was \u00a36m (2023/24: \u00a38m liability) <span class=\"ls24a ws258\">as shown on the consolidated balance </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs235\">sheet. The credit to the consolidated income statement <span class=\"_ _6\"></span>for the year in relation <span class=\"ls272 ws287\">to the deferred taxation movement on </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws25b gs236\">the revaluation of derivatives was \u00a31m (2023/24: \u00a31m debit). </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls270 ws285 gs237\">At 31 March 2025 the Group had capital losses of \u00a3<span class=\"_ _6\"></span>730m (2023/<span class=\"ls275 ws28a\">24: \u00a3<span class=\"_ _6\"></span>718m) available to offset<span class=\"ls24a ws258\"> future capital gains giving </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gs238\">rise to an unrecognised defe<span class=\"_ _6\"></span>rred tax asset calculated<span class=\"ls1 ws29d\"> at 25% (2<span class=\"_ _6\"></span>023/24: 25%) of \u00a3183m (2<span class=\"_ _d\"></span>023/24: \u00a3180m).  </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2b5 ws2bd gs239\">At 31 March 2025 t<span class=\"_ _6\"></span>he Group had UK<span class=\"_ _d\"></span> revenue tax losses from p<span class=\"_ _6\"></span>revious years of<span class=\"_ _6\"></span> \u00a3182m (2023/24: <span class=\"_ _d\"></span>\u00a3195m) giving rise to an </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs23a\">unrecognised deferred tax asset calculated at 25<span class=\"ls28b ws259\">% (2023/24: 25%) of \u00a346m (202<span class=\"_ _6\"></span>3/24: \u00a349m).  </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls31b ws2e1 gs23b\">A REIT is required to pay Property Income<span class=\"_ _d\"></span><span class=\"ls28f ws2a0\"> <span class=\"_ _1\"></span>Distributions (PIDs) of at least 90% of <span class=\"ls2ab ws1fd\">the taxable profits from its UK property </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2cd ws258 gs23c\">rental busines<span class=\"_ _1\"></span>s within 12 months of the end o<span class=\"_ _1\"></span>f each accounting period.  </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-506": {
   "value": "<div class=\"t m0 h1a7 ff42 fs153 fc16 sc0 ls31c ws33f gs23e\">8 Staff costs </div><div class=\"gs218\"><table class=\"s w2b6 h1e9\" id=\"_79c948f2-d26e-4e9d-8f42-f86c377d6c17\"><tr><td></td><td class=\"t m0 x273 h19e y3786 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3786 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td class=\"t m0 x20e h19f y3787 ff42 fs151 fc18 sc0 ls206 ws22f\">Staff costs (including Directors) </td><td class=\"t m0 x1da h19e y3788 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3788 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3723 w2b7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws340\">Wages and salaries<span class=\"_ _458\"> </span></div></td><td class=\"c n x2bd y3723 w2b8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">61<span class=\"_ _458\"> </span></div></td><td class=\"c n x50d y3723 w11c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">63<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w2b9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Social security costs<span class=\"_ _458\"> </span></div></td><td class=\"c n x4de y3652 wa4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws1\">9<span class=\"_ _458\"> </span></div></td><td class=\"c n x50e y3652 w58 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws1\">9<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w2ba h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Pension costs<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d9 y3653 w127 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls30a ws1\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n x50f y3653 w2bb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws1\">6<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f6 w2bc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws339\">Equity-settled share-based payments<span class=\"_ _458\"> </span></div></td><td class=\"c n x510 y36f6 w2bd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23c ws1\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x511 y36f6 w2d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls224 ws1\">5<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x512 y3655 w2be h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">81<span class=\"_ _458\"> </span></div></td><td class=\"c n x513 y3655 wcd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws1\">83<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws25b gs23f\">Of the \u00a381m (2023/24: \u00a383m) total staff costs for the year, <span class=\"ls299 ws2a3\">\u00a352m (2023/24: \u00a356m) is included within administrative </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls276 ws28c gs240\">expenses, \u00a39m (2023<span class=\"_ _6\"></span>/24: \u00a38m) within service charge ex<span class=\"_ _d\"></span><span class=\"ls24a ws258\">penses, \u00a34m (2023/24: \u00a34m) within property operating </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs241\">expenses and \u00a316m (2023/24: \u00a315m) within other fees an<span class=\"_ _6\"></span>d commissions expenses. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs242\">The average monthly number of employees<span class=\"ls24a ws258\"> of the Company during the year <span class=\"ls276 ws28c\">was 349 (202<span class=\"_ _6\"></span>3/24: 353). The average </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27e ws293 gs243\">monthly number of Group employees, in<span class=\"_ _6\"></span>cluding those employ<span class=\"ls27d ws292\">ed directly at the Group\u2019s <span class=\"_ _d\"></span><span class=\"ls274 ws289\">proper<span class=\"_ _1\"></span>ties and their costs </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs244\">recharged to tenants, was 646 (2023/24: 645).  </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28e ws29f gs245\">For the year ended 31 March 2025, the average monthly numbe<span class=\"ls298 ws2ac\">r of employees of<span class=\"_ _6\"></span> the Company within each<span class=\"_ _6\"></span> category of </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls273 ws288 gs246\">persons employed was as follows: <span class=\"_ _6\"></span>Campuses: 36; Retail &amp; Lond<span class=\"ls27d ws292\">on <span class=\"_ _6\"></span>Urban Logistics: 29; Developments: 31; <span class=\"_ _6\"></span>Storey: 6; and </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls277 ws28d gs247\">Support Functions: 247. The average monthly number of em<span class=\"ls1 ws29d\">ployees of the Group within each category<span class=\"_ _6\"></span> of persons </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls273 ws288 gs248\">employed was as follows: Campuses: <span class=\"_ _d\"></span>36; <span class=\"ls288 ws295\">Retail &amp; London Urban Logistics: 29; Developments: 31; Storey: 6; Support </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs249\">Functions: 247; and Property Management: 297. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs24a\">For the year ended 31 March 2024, the average monthly numbe<span class=\"ls298 ws2ac\">r of employees<span class=\"_ _6\"></span> of the Company wit<span class=\"_ _6\"></span>hin each category of </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls273 ws288 gs24b\">persons employed was as follows: <span class=\"_ _6\"></span>Campuses: 39; Retail &amp; Lond<span class=\"ls27d ws292\">on <span class=\"_ _6\"></span>Urban Logistics: 32; Developments: 32; Store<span class=\"_ _6\"></span>y: 6; and </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs24c\">Support Functions: 244. The average monthly number of em<span class=\"ls1 ws29d\">ployees of the Group within<span class=\"_ _6\"></span> each category of person<span class=\"_ _6\"></span>s </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls273 ws288 gs24d\">employed was as follows: Campuses: <span class=\"_ _d\"></span>39; <span class=\"ls26f ws284\">Retail &amp; London Urban Logistics: 32; Developments: 32; Storey: 6; Support </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs24e\">Functions: 244; and Property Management: 292. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs24f\">The Executive Directors and Non-Execut<span class=\"ls272 ws287\">ive Directors are the key man<span class=\"_ _6\"></span>agement personnel. Their emoluments are </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28d ws29a gs250\">disclosed in the Remune<span class=\"_ _6\"></span>ration <span class=\"ls27e ws293\">Report on <span class=\"_ _6\"></span>pages 107 to 129. </span></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls29d ws2ae gs251\">Staff costs </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs252\">The Group\u2019s equity-settled share-base<span class=\"ls24a ws258\">d payments comp<span class=\"_ _6\"></span>rise the following: </span></div><div class=\"gs253\"><table class=\"s w2bf h1ea\" id=\"_28ae5c9a-2c4e-40cf-9fe8-b7d51e631606\"><tr><td class=\"c n x1dc y3652 w2c0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20d ws216\">Scheme<span class=\"_ _458\"> </span></div></td><td class=\"c n x514 y3652 w2c1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20d ws216\">Fair value measure<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3789 w2c2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls31d ws254\">Lon<span class=\"_ _1\"></span>g T<span class=\"_ _1\"></span>erm <span class=\"_ _1\"></span>Inc<span class=\"_ _1\"></span>ent<span class=\"_ _1\"></span>ive <span class=\"_ _1\"></span>Plan<span class=\"_ _1\"></span> (L<span class=\"_ _1\"></span>TIP)<span class=\"_ _458\"> </span></div></td><td class=\"c n x515 y3789 w2c3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls31d ws254\">Monte Carlo model simu<span class=\"_ _6\"></span>lation and B<span class=\"_ _6\"></span>lack-Scholes op<span class=\"_ _d\"></span>tion valuation models<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y368f w2c4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Restricted Share Plan (RSP)<span class=\"_ _458\"> </span></div></td><td class=\"c n x516 y368f w2c5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Market value at grant date<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w2c6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">Save As You Earn schemes (SAYE)<span class=\"_ _458\"> </span></div></td><td class=\"c n x517 y3655 w2c7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">Black-Scholes option valu<span class=\"_ _1\"></span>ation model<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls273 ws288 gs254\">The Group expenses an estimate of<span class=\"_ _d\"></span> how many shares are likely <span class=\"ls299 ws2a3\">to vest based on the market price at the date of<span class=\"_ _6\"></span> grant, </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls21c ws234 gs255\">taking account of expected performance against the rele<span class=\"ls2e7 ws2e1\">vant performance target<span class=\"_ _6\"></span>s and servic<span class=\"_ _6\"></span>e periods, wh<span class=\"_ _6\"></span>ich are </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs256\">discussed in further detail in the Remuneration Report. </div>During the year and the prior year, the Group granted perfor<span class=\"ls2a1 ws252\">mance shares under its Long Ter<span class=\"_ _1\"></span>m Incentive Plan scheme.<span class=\"_ _458\"> </span></span>Performance conditions are measu<span class=\"_ _6\"></span>red over a three-yea<span class=\"_ _d\"></span>r<span class=\"_ _1\"></span> peri<span class=\"_ _d\"></span><span class=\"ls270 ws285\">od and depending on the year of grant, are a weighted<span class=\"_ _458\"> </span></span>blend of Total Property Return (TPR), Total Accounting Retu<span class=\"ls31f ws342\">rn (TAR) an<span class=\"_ _6\"></span>d ESG measures (see Direct<span class=\"_ _6\"></span>ors\u2019 Remuneration<span class=\"_ _458\"> </span></span>Report for details).<span class=\"_ _1\"></span> For non-market-based performance cond<span class=\"ls275 ws28a\">itions, the Group uses a Black-Scholes option valuation<span class=\"_ _458\"> </span></span>method to obtain fair values. For mark<span class=\"ls277 ws28d\">et-based performance conditions, a Monte Carlo model is used as this provides<span class=\"_ _458\"> </span></span>a more accurate fair value for these performance conditions. Th<span class=\"ls272 ws287\">e key i<span class=\"_ _6\"></span>nputs used to obtain fair values for LTIP awards<span class=\"_ _458\"> </span></span>are shown below.<table class=\"s w2c8 h1eb\" id=\"_e0acb2b2-96eb-461b-a7ba-a062aa286ee2\"><tr><td></td><td></td><td class=\"c n x518 y378a w2c9 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f7 ws344\">20 June 2024<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n x519 y378a w2ca h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1fe ws2e8\">15 June 2023<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x3e9 h19e y378b ff42 fs150 fc16 sc0 ls2ec ws345\">Awards with </td><td class=\"t m0 x51a h19e y378b ff42 fs150 fc16 sc0 ls321 ws346\">Awards with no </td><td class=\"t m0 x51b h19e y378c ff43 fs150 fc18 sc0 ls265 ws348\"> <span class=\"_ _15\"> </span>Awards with  </td><td class=\"t m0 x51c h19e y378b ff43 fs150 fc18 sc0 ls2ea ws312\">Awards with no </td></tr><tr><td></td><td class=\"t m0 x1cf h19e y378d ff42 fs150 fc16 sc0 ls1fb ws2fb\">holding period </td><td class=\"t m0 x3f6 h19e y378d ff42 fs150 fc16 sc0 ls2e9 ws347\">holding period </td><td class=\"t m0 x1d9 h19e y378d ff43 fs150 fc18 sc0 ls2f8 ws2fa\">holding period<span class=\"_ _6\"></span> </td><td class=\"t m0 x51d h19e y378d ff43 fs150 fc18 sc0 ls2f8 ws2fa\">holding period<span class=\"_ _6\"></span> </td></tr><tr><td class=\"c n x1dc y378e w2cb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Share price<span class=\"_ _458\"> </span></div></td><td class=\"c n x51e y378e w2cc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls319 ws349\">\u00a34.17<span class=\"_ _458\"> </span></div></td><td class=\"c n x51f y378e w2cd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls319 ws349\">\u00a34.17<span class=\"_ _458\"> </span></div></td><td class=\"c n x520 y378e w2ce h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls322 ws34a\">\u00a33.35<span class=\"_ _458\"> </span></div></td><td class=\"c n x521 y378e w2cf h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls322 ws34a\">\u00a33.35<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y378f w2d0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws2ed\">Exercise price<span class=\"_ _458\"> </span></div></td><td class=\"c n x522 y378f w2d1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls319 ws34b\">\u00a30.00<span class=\"_ _458\"> </span></div></td><td class=\"c n x523 y378f w2d2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls319 ws34b\">\u00a30.00<span class=\"_ _458\"> </span></div></td><td class=\"c n x524 y378f w2d3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws34c\">\u00a30.00<span class=\"_ _458\"> </span></div></td><td class=\"c n x525 y378f w2d4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws34c\">\u00a30.00<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3790 w2d5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Expected volatility<span class=\"_ _458\"> </span></div></td><td class=\"c n x526 y3790 w2d6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls200 ws34d\">30.7%<span class=\"_ _458\"> </span></div></td><td class=\"c n x523 y3790 w2d7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls200 ws34d\">30.7%<span class=\"_ _458\"> </span></div></td><td class=\"c n x527 y3790 w2d8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws34e\">32.7%<span class=\"_ _458\"> </span></div></td><td class=\"c n x528 y3790 w2d9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws34e\">32.7%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3791 w2da h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Expected term (years)<span class=\"_ _458\"> </span></div></td><td class=\"c n x529 y3791 w127 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws34f\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x52a y3791 w2db h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws34f\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x52b y3791 w2d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls201 ws350\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x52c y3791 w2d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls201 ws350\">3<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3792 w2dc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Dividend yield<span class=\"_ _458\"> </span></div></td><td class=\"c n x52d y3792 w2dd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls200 ws351\">5.5%<span class=\"_ _458\"> </span></div></td><td class=\"c n x52e y3792 w2de h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls200 ws351\">5.5%<span class=\"_ _458\"> </span></div></td><td class=\"c n x52f y3792 w2df h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws352\">6.8%<span class=\"_ _458\"> </span></div></td><td class=\"c n x530 y3792 w2e0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws352\">6.8%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3789 w2e1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Risk free interest rate<span class=\"_ _458\"> </span></div></td><td class=\"c n x531 y3789 w2e2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws353\">3.9%<span class=\"_ _458\"> </span></div></td><td class=\"c n x532 y3789 w196 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws353\">3.9%<span class=\"_ _458\"> </span></div></td><td class=\"c n x533 y3789 w2e3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws354\">4.6%<span class=\"_ _458\"> </span></div></td><td class=\"c n x534 y3789 w2e3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws354\">4.6%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y368f w2e4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">Fair value \u2013 TPR and TAR <span class=\"_ _1\"></span>Tranches<span class=\"_ _458\"> </span></div></td><td class=\"c n x535 y368f w2e5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws355\">\u00a33.63<span class=\"_ _458\"> </span></div></td><td class=\"c n x536 y368f w2e6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws355\">\u00a34.17<span class=\"_ _458\"> </span></div></td><td class=\"c n x537 y368f w2e7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws356\">\u00a32.90<span class=\"_ _458\"> </span></div></td><td class=\"c n x538 y368f w2e8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws356\">\u00a33.35<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w2e9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">Fair value \u2013 ESG Tranche<span class=\"_ _458\"> </span></div></td><td class=\"c n x539 y3655 w2e5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws355\">\u00a33.63<span class=\"_ _458\"> </span></div></td><td class=\"c n x53a y3655 w2e6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws355\">\u00a34.17<span class=\"_ _458\"> </span></div></td><td class=\"c n x53b y3655 w2e7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws356\">\u00a32.90<span class=\"_ _458\"> </span></div></td><td class=\"c n x53c y3655 w2e8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws356\">\u00a33.35<span class=\"_ _458\"> </span></div></td></tr></table>Movements in shares and<span class=\"_ _d\"></span> options are given in Note 19.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-507": {
   "value": "9 Pensions<span class=\"_ _458\"> </span>The British Land Group of Companies Pension Sche<span class=\"_ _6\"></span>me (\u2018the <span class=\"ls26f ws284\">scheme\u2019) is the principal defined benefit pension scheme<span class=\"_ _458\"> </span></span>in the Group. The assets of the scheme<span class=\"_ _6\"></span> are held in a trus<span class=\"ls272 ws287\">tee-administered fund and kept separate from those of the<span class=\"_ _458\"> </span></span>Company. It is not contracted out of SERPS (State Earnings-R<span class=\"_ _1\"></span>elated <span class=\"_ _6\"></span>Pension Scheme), it is not planned to admit new<span class=\"_ _458\"> </span>employees to the scheme an<span class=\"_ _6\"></span>d the scheme closed <span class=\"ls2b1 ws2ba\">to future accrual effect<span class=\"ls28b ws259\">ive 1 September 2020. </span></span>The Group has two other small defined benefit pension sche<span class=\"_ _1\"></span><span class=\"ls323 ws357\">mes. There are a<span class=\"_ _1\"></span>lso two de<span class=\"ls2b9 ws2c0\">fined contr<span class=\"_ _1\"></span>ibution pension<span class=\"_ _458\"> </span></span></span>schemes. Contributions to th<span class=\"_ _6\"></span>ese schemes are at a flat<span class=\"ls27c ws291\"> rate of <span class=\"_ _6\"></span>salary and are paid by the Company. </span>The total net pension cost charged for the year was <span class=\"ls277 ws28d\">\u00a37m (2023/24: \u00a36m), all of which relates to defined<span class=\"_ _458\"> </span></span>contribution plans. The last full actuarial valuation of the scheme was performed <span class=\"ls2a4 ws2aa\">by the scheme actuary, First <span class=\"ls26f ws284\">Actuarial LLP, as at 31 March<span class=\"_ _458\"> </span></span></span>2021. The employer doe<span class=\"_ _6\"></span>s not expect to make any payme<span class=\"_ _6\"></span>nts <span class=\"ls24d ws25b\">during the year to 31 Marc<span class=\"ls324 ws358\">h 2026. The major ass<span class=\"_ _1\"></span>umptions<span class=\"_ _458\"> </span></span></span>used for the actuarial valuation were:<table class=\"s w2ea h1ec\" id=\"_85d60e07-464e-47df-bbc8-c71de6376159\"><tr><td></td><td class=\"t m0 x53d h19e y3793 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x53e h19e y3793 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td><td class=\"t m0 x53f h19e y3793 ff43 fs150 fc18 sc0 ls1ff ws1\">2023 </td><td class=\"t m0 x540 h19e y3793 ff43 fs150 fc18 sc0 ls1ff ws1\">2022 </td><td class=\"t m0 x541 h19e y3793 ff43 fs150 fc18 sc0 ls1ff ws1\">2021 </td></tr><tr><td></td><td class=\"t m0 x542 h19e y3794 ff42 fs150 fc16 sc0 ls325 ws359\">% p.a. </td><td class=\"t m0 x543 h19e y3794 ff43 fs150 fc18 sc0 ls326 ws35a\">% p.a. </td><td class=\"t m0 x544 h19e y3794 ff43 fs150 fc18 sc0 ls326 ws35a\">% p.a. </td><td class=\"t m0 x545 h19e y3794 ff43 fs150 fc18 sc0 ls326 ws35a\">% p.a. </td><td class=\"t m0 x426 h19e y3794 ff43 fs150 fc18 sc0 ls326 ws35a\">% p.a. </td></tr><tr><td class=\"c n x1dc y3792 w2eb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Discount rate<span class=\"_ _458\"> </span></div></td><td class=\"c n x546 y3792 w2ec h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">5.8<span class=\"_ _458\"> </span></div></td><td class=\"c n x547 y3792 w263 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws35b\">4.9<span class=\"_ _458\"> </span></div></td><td class=\"c n x548 y3792 w2ed h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws35b\">4.7<span class=\"_ _458\"> </span></div></td><td class=\"c n x549 y3792 w2ee h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws35b\">2.7<span class=\"_ _458\"> </span></div></td><td class=\"c n x54a y3792 w2ef h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws35b\">2.0<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3789 w2f0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Salary inflation<span class=\"_ _458\"> </span></div></td><td class=\"c n x54b y3789 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x54c y3789 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x54d y3789 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x54e y3789 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x54f y3789 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y368f w2f1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Pensions increase<span class=\"_ _458\"> </span></div></td><td class=\"c n x550 y368f w2f2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls223 ws1\">3.2<span class=\"_ _458\"> </span></div></td><td class=\"c n x263 y368f w2f3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls327 ws35c\">3.3<span class=\"_ _458\"> </span></div></td><td class=\"c n x551 y368f w2f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls327 ws35c\">3.4<span class=\"_ _458\"> </span></div></td><td class=\"c n x552 y368f w2f5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls327 ws35c\">3.7<span class=\"_ _458\"> </span></div></td><td class=\"c n x553 y368f w2f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls327 ws35c\">3.4<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w2f6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Price inflation<span class=\"_ _458\"> </span></div></td><td class=\"c n x554 y3655 w2f7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls244 ws1\">3.4<span class=\"_ _458\"> </span></div></td><td class=\"c n x555 y3655 w2f8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws35d\">3.5<span class=\"_ _458\"> </span></div></td><td class=\"c n x556 y3655 w2f9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws35d\">3.5<span class=\"_ _458\"> </span></div></td><td class=\"c n x557 y3655 w2fa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws35d\">3.9<span class=\"_ _458\"> </span></div></td><td class=\"c n x558 y3655 w2f9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws35d\">3.5<span class=\"_ _458\"> </span></div></td></tr></table>The assumptions are that a member currently aged 60 will live <span class=\"ls272\">on average for a fu<span class=\"_ _6\"></span>rther 27.2 years if they are male and<span class=\"_ _458\"> </span></span>for a further 2<span class=\"_ _6\"></span>9.0 years if th<span class=\"_ _6\"></span>ey are female. Fo<span class=\"_ _6\"></span>r a member who <span class=\"_ _6\"></span>retires in 204<span class=\"_ _6\"></span>5 at age 60, th<span class=\"_ _6\"></span>e assumptions a<span class=\"_ _d\"></span>re that they<span class=\"_ _458\"> </span>will live on average for a further 28.7 years after retirement if<span class=\"ls2a4 ws2aa\"> they are male and for a further 30.5 years after retirement<span class=\"_ _458\"> </span></span>if they are female.<span class=\"_ _458\"> </span>The weighted average duration of the defined benefit obligatio<span class=\"ls273 ws288\">n as at 31 March <span class=\"_ _6\"></span>2025 is 12 years (2023/24: 13<span class=\"_ _6\"></span> years).</span><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls32a ws35f gs265\">Composition of scheme assets<span class=\"_ _6\"></span> </div><div class=\"gs266\"><table class=\"s w2fb h1ed\" id=\"_4fd68cc7-3646-4ffb-bebf-75c19fc7ed43\"><tr><td></td><td class=\"t m0 x559 h19e y3795 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x541 h19e y3795 ff43 fs150 fc18 sc0 ls1f5 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x321 h19e y3796 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x55a h19e y3796 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3652 w2fc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws1\">Equities<span class=\"_ _458\"> </span></div></td><td class=\"c n x55b y3652 w2fd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">18<span class=\"_ _458\"> </span></div></td><td class=\"c n x55c y3652 w2fe h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws1\">24<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w2ff h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws33d\">Diversified growth funds<span class=\"_ _458\"> </span></div></td><td class=\"c n x510 y3653 w109 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">13<span class=\"_ _458\"> </span></div></td><td class=\"c n x55d y3653 w2d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls224 ws1\">5<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3770 w300 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Other assets<span class=\"_ _458\"> </span></div></td><td class=\"c n x55e y3770 w6c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">62<span class=\"_ _458\"> </span></div></td><td class=\"c n x55f y3770 w301 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws1\">79<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w302 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">Total scheme assets<span class=\"_ _458\"> </span></div></td><td class=\"c n x560 y3655 w6c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">93<span class=\"_ _458\"> </span></div></td><td class=\"c n x561 y3655 w303 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws1\">108<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28c ws29e gs267\">69% of the sc<span class=\"_ _6\"></span>heme underlyin<span class=\"_ _6\"></span>g assets are quoted in<span class=\"_ _6\"></span> an active<span class=\"_ _6\"></span><span class=\"ls295 ws2a6\"> market. Unquoted scheme as<span class=\"_ _6\"></span>sets sit within equities and<span class=\"_ _458\"> </span></span><span class=\"ls295 ws2a6\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2e7 ws2e1 gs268\">other assets.<span class=\"_ _458\"> </span><span class=\"_ _6\"></span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs269\">The amount included in the consolidated balance sheet arising from the Group\u2019s obligations<span class=\"_ _6\"></span><span class=\"ls2a1 ws252\"> in respect of its defined<span class=\"_ _458\"> </span></span><span class=\"ls2a1 ws252\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs26a\">benefit schemes is as follows: </div><div class=\"gs26b\"><table class=\"s w304 h1e4\" id=\"_da34fc01-f8f0-4a0f-acdb-92af1c0dda1f\"><tr><td></td><td class=\"t m0 x562 h19e y3797 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x1d8 h19e y3797 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td><td class=\"t m0 x563 h19e y3797 ff43 fs150 fc18 sc0 ls1ff ws1\">2023 </td><td class=\"t m0 x564 h19e y3797 ff43 fs150 fc18 sc0 ls1ff ws1\">2022 </td><td class=\"t m0 x33a h19e y3797 ff43 fs150 fc18 sc0 ls1ff ws1\">2021 </td></tr><tr><td></td><td class=\"t m0 x565 h19e y3798 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x566 h19e y3798 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x567 h19e y3798 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x321 h19e y3798 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x55a h19e y3798 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3799 w305 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Present value of defined scheme obligation<span class=\"_ _1\"></span>s<span class=\"_ _458\"> </span></div></td><td class=\"c n x568 y3799 w306 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">(74)<span class=\"_ _458\"> </span></div></td><td class=\"c n x569 y3799 w307 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws360\">(85)<span class=\"_ _458\"> </span></div></td><td class=\"c n x56a y3799 w308 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws360\">(87)<span class=\"_ _458\"> </span></div></td><td class=\"c n x56b y3799 w309 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws360\">(125)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4dc y3799 w309 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws360\">(152)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w30a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Fair value of scheme assets<span class=\"_ _458\"> </span></div></td><td class=\"c n x56c y3653 w6c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">93<span class=\"_ _458\"> </span></div></td><td class=\"c n x56d y3653 w30b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws361\">108<span class=\"_ _458\"> </span></div></td><td class=\"c n x56e y3653 w30c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws361\">117<span class=\"_ _458\"> </span></div></td><td class=\"c n x56f y3653 w30d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws361\">178<span class=\"_ _458\"> </span></div></td><td class=\"c n x570 y3653 w30e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws361\">178<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3654 w30f h1d0\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Irrecoverable surplus</div><div class=\"t m0 x571 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x572 y3654 w310 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws1\">(19)<span class=\"_ _458\"> </span></div></td><td class=\"c n x573 y3654 w311 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws362\">(23)<span class=\"_ _458\"> </span></div></td><td class=\"c n x574 y3654 w312 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws362\">(30)<span class=\"_ _458\"> </span></div></td><td class=\"c n x575 y3654 w313 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws362\">(53)<span class=\"_ _458\"> </span></div></td><td class=\"c n x576 y3654 w314 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws362\">(26)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w315 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls245 ws26b\">Amount recognised on the consolidated balance sheet<span class=\"_ _458\"> </span></div></td><td class=\"c n x577 y3655 w80 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x578 y3655 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x579 y3655 wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x57a y3655 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x57b y3655 wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22f ws24b gs26c\">1. <span class=\"_ _24\"> </span>The net defined benefit asset must be measured at the l<span class=\"_ _6\"></span>ower of<span class=\"ls22c ws263\"> the surplus in the defined bene<span class=\"_ _6\"></span>fit schemes and the asset ceil<span class=\"ls248 ws249\">ing. The<span class=\"_ _458\"> </span></span></span><span class=\"ls22c ws263\"><span class=\"ls248 ws249\"> </span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls32b ws363 gs26d\">asset ceiling is the present value of any ec<span class=\"ls255 ws262\">onomic benefits available in the form of re<span class=\"ls22a ws246\">funds from the schemes or <span class=\"_ _6\"></span>reductions to <span class=\"ls198 ws1\">future<span class=\"_ _458\"> </span></span></span></span><span class=\"ls255 ws262\"><span class=\"ls22a ws246\"><span class=\"ls198 ws1\"> </span></span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22c ws263 gs26e\">contributions to the schemes. The asset ce<span class=\"_ _6\"></span><span class=\"ls227 wsbb\">iling of the Group\u2019s defined benefit s<span class=\"_ _d\"></span>chemes is<span class=\"ls32c ws364\"> \u00a3nil (2023/24: \u00a3nil), therefore the<span class=\"_ _6\"></span> s<span class=\"ls1a1 ws1\">urplus<span class=\"_ _458\"> </span></span></span></span><span class=\"ls227 wsbb\"><span class=\"ls32c ws364\"><span class=\"ls1a1 ws1\"> </span></span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls225 ws244 gs26f\">in the defined benefit schemes of \u00a319m (2023/<span class=\"_ _6\"></span>24: \u00a323m) is irrecoverable.<span class=\"_ _458\"> </span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs270\">The sensitivities of the defined benefit obligation in relation<span class=\"ls28e ws29f\"> to the major actuarial assump<span class=\"ls21c ws234\">tions used to measure scheme<span class=\"_ _458\"> </span></span></span><span class=\"ls28e ws29f\"><span class=\"ls21c ws234\"> </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs271\">liabilities are as follows: </div><div class=\"gs272\"><table class=\"s w316 h1ee\" id=\"_45791fdf-0afb-4349-97eb-0bd9d5767391\"><tr><td></td><td></td><td></td><td class=\"t m0 x57c h19e y379a ff43 fs150 fc18 sc0 ls1fd ws311\">(Decrease) increase in </td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x57d h19e y379b ff43 fs150 fc18 sc0 ls321 ws365\">defined scheme obligations </td></tr><tr><td></td><td class=\"t m0 x57e h19e y379c ff43 fs150 fc18 sc0 ls1f9 ws200\">Change in </td><td class=\"t m0 x273 h19e y379c ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y379c ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td class=\"t m0 x20e h19f y379d ff43 fs151 fc18 sc0 ls242 ws1\">Assumption </td><td class=\"t m0 x57f h19e y379e ff43 fs150 fc18 sc0 ls2ef ws1\">assumption </td><td class=\"t m0 x1da h19e y379e ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y379e ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3792 w2eb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Discount rate<span class=\"_ _458\"> </span></div></td><td class=\"c n x580 y3792 w317 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws1\">+0.5%<span class=\"_ _458\"> </span></div></td><td class=\"c n x581 y3792 w13c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x3dd y3792 wf5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws1\">(5)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y379f w2f0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Salary inflation<span class=\"_ _458\"> </span></div></td><td class=\"c n x582 y379f w317 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws1\">+0.5%<span class=\"_ _458\"> </span></div></td><td class=\"c n x54e y379f wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x583 y379f wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3660 w318 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">RPI inflation<span class=\"_ _458\"> </span></div></td><td class=\"c n x582 y3660 w317 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws1\">+0.5%<span class=\"_ _458\"> </span></div></td><td class=\"c n x584 y3660 w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x585 y3660 w319 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls250 ws1\">4<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w31a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws256\">Assumed life expectancy<span class=\"_ _458\"> </span></div></td><td class=\"c n x586 y3655 w31b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">+1 year<span class=\"_ _458\"> </span></div></td><td class=\"c n x587 y3655 w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x588 y3655 w31c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">2<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls2ba ws2c1 gs273\">History of experience gains and losses </div><div class=\"gs274\"><table class=\"s w31d h1ef\" id=\"_0f060e2d-c485-430b-a26c-169f31c94821\"><tr><td></td><td class=\"t m0 x53d h19e y37a0 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x53e h19e y37a0 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td><td class=\"t m0 x53f h19e y37a0 ff43 fs150 fc18 sc0 ls1ff ws1\">2023 </td><td class=\"t m0 x540 h19e y37a0 ff43 fs150 fc18 sc0 ls1ff ws1\">2022 </td><td class=\"t m0 x541 h19e y37a0 ff43 fs150 fc18 sc0 ls1ff ws1\">2021 </td></tr><tr><td></td><td class=\"t m0 x589 h19e y37a1 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x58a h19e y37a1 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1d9 h19e y37a1 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1da h19e y37a1 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y37a1 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"t m0 x20e h19f y37a2 ff43 fs151 fc18 sc0 ls20d ws22a\">Total actuarial gain (loss) recognised in the <span class=\"_ _1\"></span>consolidated </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1dc y36f6 w31e h1d9\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">statement of comprehensive income</div><div class=\"t m0 x58b h1a0 y362f ff43 fs152 fc18 sc0 ls32d ws1\">1,2<span class=\"_ _458\"> </span></div></td><td class=\"c n x58c y36f6 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x58d y36f6 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws366\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x58e y36f6 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws366\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x58f y36f6 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws366\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x590 y36f6 w31f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws366\">(13)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w320 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">Percentage of present value on scheme liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n x591 y3655 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x592 y3655 w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws367\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x593 y3655 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws367\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x594 y3655 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws367\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x595 y3655 w321 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws367\">(8.6%)<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22f ws24b gs275\">1. <span class=\"_ _24\"> </span>Movements stated after adjusting fo<span class=\"ls225 ws244\">r irrecoverability of any<span class=\"_ _d\"></span> surplus.<span class=\"_ _458\"> </span></span><span class=\"ls225 ws244\"> </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22e ws244 gs276\">2. Cumulative loss recognised in th<span class=\"_ _6\"></span>e statement of<span class=\"ls248 ws249\"> comprehensive in<span class=\"_ _6\"></span>come is \u00a353m (2023/24: \u00a353m).<span class=\"_ _458\"> </span></span><span class=\"ls248 ws249\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs278\">Movements in the present value of define<span class=\"ls275 ws28a\">d benefit obligations were as follow<span class=\"_ _6\"></span>s: </span></div><div class=\"gs279\"><table class=\"s w322 h1f0\" id=\"_b774bf4e-eafb-43b9-a8b1-41f9ff70a627\"><tr><td></td><td class=\"t m0 x273 h19e y37a3 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y37a3 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y37a4 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y37a4 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3784 w323 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">At 1 April<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ce y3784 w324 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws1\">(85)<span class=\"_ _458\"> </span></div></td><td class=\"c n x596 y3784 w325 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws1\">(87)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3722 w326 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Interest cost<span class=\"_ _458\"> </span></div></td><td class=\"c n x4fb y3722 w13c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x597 y3722 w327 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws1\">(4)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y37a5 ff43 fs151 fc18 sc0 ls209 ws240\">Actuarial gain <span class=\"_ _292\"> </span><span class=\"ff42 fc16 ls1 ws1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x20f y3652 w328 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Gain from change in financial assu<span class=\"_ _1\"></span>mptions<span class=\"_ _458\"> </span></div></td><td class=\"c n x598 y3652 w329 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23a ws1\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n x599 y3652 w31c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">2<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x20f y3759 w32a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Gain on scheme liabilities arising fro<span class=\"_ _1\"></span>m experience<span class=\"_ _458\"> </span></div></td><td class=\"c n x59a y3759 w32b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x59b y3759 wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f6 w32c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Benefits paid<span class=\"_ _458\"> </span></div></td><td class=\"c n x510 y36f6 w2bd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23c ws1\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x59c y36f6 w319 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls250 ws1\">4<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w32d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">At 31 March<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e4 y3655 w32e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">(74)<span class=\"_ _458\"> </span></div></td><td class=\"c n x59d y3655 w307 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws1\">(85)<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs27a\">Movements in the fair value of the scheme assets were<span class=\"_ _6\"></span> as follows: </div><div class=\"gs27b\"><table class=\"s w32f h1f1\" id=\"_e098740a-f028-4e27-b99d-6440b5f1cb19\"><tr><td></td><td class=\"t m0 x273 h19e y37a6 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y37a6 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y37a7 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y37a7 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3722 w323 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">At 1 April<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e6 y3722 w330 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">108<span class=\"_ _458\"> </span></div></td><td class=\"c n x59e y3722 wd2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">117<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y370a w331 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws25c\">Interest income on scheme assets<span class=\"_ _458\"> </span></div></td><td class=\"c n x59f y370a w332 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws1\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x5a0 y370a w2d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls224 ws1\">5<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w333 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws33d\">Contributions by employer<span class=\"_ _458\"> </span></div></td><td class=\"c n x5a1 y3652 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x5a2 y3652 wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3759 w334 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Actuarial loss<span class=\"_ _458\"> </span></div></td><td class=\"c n x5a3 y3759 w310 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">(16)<span class=\"_ _458\"> </span></div></td><td class=\"c n x5a4 y3759 w29e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">(10)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w32c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Benefits paid<span class=\"_ _458\"> </span></div></td><td class=\"c n x5a5 y375a w13c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x5a6 y375a w335 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws1\">(4)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w32d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">At 31 March<span class=\"_ _458\"> </span></div></td><td class=\"c n x5a7 y3655 w6c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">93<span class=\"_ _458\"> </span></div></td><td class=\"c n x5a8 y3655 w303 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws1\">108<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs27c\">Through its defined benefit plans, the Group is exposed to<span class=\"ls276 ws28c\"> a number <span class=\"_ _6\"></span>of risks, the most significan<span class=\"_ _6\"></span>t of which are </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs27d\">detailed below: </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls2f6 ws2f7 gs27e\">Asset volatility </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs27f\">The liabilities are calculated using a discount rate set with <span class=\"ls299 ws2a3\">reference to corporate b<span class=\"_ _6\"></span>ond yields; if assets underperform </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs280\">this yield, this will create a deficit. The scheme holds a si<span class=\"_ _6\"></span>gnificant portion of growth assets (equities and diversified </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs281\">growth funds) which, although expected to outperform co<span class=\"ls289 ws29b\">rporate bonds in the long term, create volatility and risk </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs282\">in the short term. The allocation to growth assets is moni<span class=\"ls27e ws293\">tored to ensure it re<span class=\"_ _6\"></span>mains appropriate given the scheme\u2019s </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs283\">long term objectives. </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls32e ws368 gs284\">Changes in bond yields </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gs285\">A decrease in corporate bond<span class=\"_ _6\"></span> yields will increase the value placed on t<span class=\"_ _6\"></span>he scheme\u2019s liabilities for accounting purposes, </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs286\">although this will be partially offset by an incr<span class=\"ls299\">ease in the value of the scheme\u2019s bond holdings. </span></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls293 ws1 gs287\">Inflation risk </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs288\">The majority of the scheme\u2019s benefit obligations are linked to <span class=\"ls299 ws2a3\">inflation, and higher inflation will lead to higher liabilities </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gs289\">(although, in most cases, caps on<span class=\"_ _d\"></span> the level of inflationar<span class=\"_ _1\"></span>y<span class=\"ls295 ws2a6\"> inc<span class=\"_ _6\"></span>reases are in place to p<span class=\"_ _6\"></span>rot<span class=\"ls27d ws292\">ect against extreme inflation). </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs28a\">The majority of the assets are either una<span class=\"ls1 ws29d\">ffected by or onl<span class=\"_ _6\"></span>y loosely correlated wi<span class=\"_ _d\"></span><span class=\"ls288 ws295\">th inflation, meaning that an increase </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs28b\">in inflation will also decrease the surplus. </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls29e ws2af gs28c\">Life expectancy </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs225\">The majority of the scheme\u2019s obligations are to provide <span class=\"ls272 ws287\">benefits for the life of<span class=\"_ _6\"></span> the member, so increases in life </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs226\">expectancy will result in an increase in the liabilities. </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-527": {
   "value": "<div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws291 gs258\">The total net pension cost charged for the year was <span class=\"ls277 ws28d\">\u00a37m (2023/24: \u00a36m), all of which relates to defined<span class=\"_ _458\"> </span></span><span class=\"ls277 ws28d\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs259\">contribution plans.  </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDefinedContributionPlansExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-528": {
   "value": "<div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs25b\">The last full actuarial valuation of the scheme was performed <span class=\"ls2a4 ws2aa\">by the scheme actuary, First <span class=\"ls26f ws284\">Actuarial LLP, as at 31 March<span class=\"_ _458\"> </span></span></span><span class=\"ls2a4 ws2aa\"><span class=\"ls26f ws284\"> </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls295 ws2a6 gs25c\">2021. The employer doe<span class=\"_ _6\"></span>s not expect to make any payme<span class=\"_ _6\"></span>nts <span class=\"ls24d ws25b\">during the year to 31 Marc<span class=\"ls324 ws358\">h 2026. The major ass<span class=\"_ _1\"></span>umptions<span class=\"_ _458\"> </span></span></span><span class=\"ls24d ws25b\"><span class=\"ls324 ws358\"> </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs25d\">used for the actuarial valuation were: </div><div class=\"gs25e\"><table class=\"s w2ea h1ec\" id=\"_85d60e07-464e-47df-bbc8-c71de6376159\"><tr><td></td><td class=\"t m0 x53d h19e y3793 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x53e h19e y3793 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td><td class=\"t m0 x53f h19e y3793 ff43 fs150 fc18 sc0 ls1ff ws1\">2023 </td><td class=\"t m0 x540 h19e y3793 ff43 fs150 fc18 sc0 ls1ff ws1\">2022 </td><td class=\"t m0 x541 h19e y3793 ff43 fs150 fc18 sc0 ls1ff ws1\">2021 </td></tr><tr><td></td><td class=\"t m0 x542 h19e y3794 ff42 fs150 fc16 sc0 ls325 ws359\">% p.a. </td><td class=\"t m0 x543 h19e y3794 ff43 fs150 fc18 sc0 ls326 ws35a\">% p.a. </td><td class=\"t m0 x544 h19e y3794 ff43 fs150 fc18 sc0 ls326 ws35a\">% p.a. </td><td class=\"t m0 x545 h19e y3794 ff43 fs150 fc18 sc0 ls326 ws35a\">% p.a. </td><td class=\"t m0 x426 h19e y3794 ff43 fs150 fc18 sc0 ls326 ws35a\">% p.a. </td></tr><tr><td class=\"c n x1dc y3792 w2eb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Discount rate<span class=\"_ _458\"> </span></div></td><td class=\"c n x546 y3792 w2ec h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">5.8<span class=\"_ _458\"> </span></div></td><td class=\"c n x547 y3792 w263 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws35b\">4.9<span class=\"_ _458\"> </span></div></td><td class=\"c n x548 y3792 w2ed h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws35b\">4.7<span class=\"_ _458\"> </span></div></td><td class=\"c n x549 y3792 w2ee h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws35b\">2.7<span class=\"_ _458\"> </span></div></td><td class=\"c n x54a y3792 w2ef h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws35b\">2.0<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3789 w2f0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Salary inflation<span class=\"_ _458\"> </span></div></td><td class=\"c n x54b y3789 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x54c y3789 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x54d y3789 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x54e y3789 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x54f y3789 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y368f w2f1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Pensions increase<span class=\"_ _458\"> </span></div></td><td class=\"c n x550 y368f w2f2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls223 ws1\">3.2<span class=\"_ _458\"> </span></div></td><td class=\"c n x263 y368f w2f3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls327 ws35c\">3.3<span class=\"_ _458\"> </span></div></td><td class=\"c n x551 y368f w2f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls327 ws35c\">3.4<span class=\"_ _458\"> </span></div></td><td class=\"c n x552 y368f w2f5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls327 ws35c\">3.7<span class=\"_ _458\"> </span></div></td><td class=\"c n x553 y368f w2f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls327 ws35c\">3.4<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w2f6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Price inflation<span class=\"_ _458\"> </span></div></td><td class=\"c n x554 y3655 w2f7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls244 ws1\">3.4<span class=\"_ _458\"> </span></div></td><td class=\"c n x555 y3655 w2f8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws35d\">3.5<span class=\"_ _458\"> </span></div></td><td class=\"c n x556 y3655 w2f9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws35d\">3.5<span class=\"_ _458\"> </span></div></td><td class=\"c n x557 y3655 w2fa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws35d\">3.9<span class=\"_ _458\"> </span></div></td><td class=\"c n x558 y3655 w2f9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws35d\">3.5<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs25f\">The assumptions are that a member currently aged 60 will live <span class=\"ls272\">on average for a fu<span class=\"_ _6\"></span>rther 27.2 years if they are male and<span class=\"_ _458\"> </span></span><span class=\"ls272\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2b5 ws2bd gs260\">for a further 2<span class=\"_ _6\"></span>9.0 years if th<span class=\"_ _6\"></span>ey are female. Fo<span class=\"_ _6\"></span>r a member who <span class=\"_ _6\"></span>retires in 204<span class=\"_ _6\"></span>5 at age 60, th<span class=\"_ _6\"></span>e assumptions a<span class=\"_ _d\"></span>re that they<span class=\"_ _458\"> </span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs261\">will live on average for a further 28.7 years after retirement if<span class=\"ls2a4 ws2aa\"> they are male and for a further 30.5 years after retirement<span class=\"_ _458\"> </span></span><span class=\"ls2a4 ws2aa\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs262\">if they are female.<span class=\"_ _458\"> </span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs263\">The weighted average duration of the defined benefit obligatio<span class=\"ls273 ws288\">n as at 31 March <span class=\"_ _6\"></span>2025 is 12 years (2023/24: 13<span class=\"_ _6\"></span> years).</span><span class=\"ls273 ws288\"> </span></div>Composition of scheme assets<table class=\"s w2fb h1ed\" id=\"_4fd68cc7-3646-4ffb-bebf-75c19fc7ed43\"><tr><td></td><td class=\"t m0 x559 h19e y3795 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x541 h19e y3795 ff43 fs150 fc18 sc0 ls1f5 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x321 h19e y3796 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x55a h19e y3796 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3652 w2fc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws1\">Equities<span class=\"_ _458\"> </span></div></td><td class=\"c n x55b y3652 w2fd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">18<span class=\"_ _458\"> </span></div></td><td class=\"c n x55c y3652 w2fe h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws1\">24<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w2ff h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws33d\">Diversified growth funds<span class=\"_ _458\"> </span></div></td><td class=\"c n x510 y3653 w109 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">13<span class=\"_ _458\"> </span></div></td><td class=\"c n x55d y3653 w2d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls224 ws1\">5<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3770 w300 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Other assets<span class=\"_ _458\"> </span></div></td><td class=\"c n x55e y3770 w6c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">62<span class=\"_ _458\"> </span></div></td><td class=\"c n x55f y3770 w301 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws1\">79<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w302 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">Total scheme assets<span class=\"_ _458\"> </span></div></td><td class=\"c n x560 y3655 w6c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">93<span class=\"_ _458\"> </span></div></td><td class=\"c n x561 y3655 w303 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws1\">108<span class=\"_ _458\"> </span></div></td></tr></table>69% of the sc<span class=\"_ _6\"></span>heme underlyin<span class=\"_ _6\"></span>g assets are quoted in<span class=\"_ _6\"></span> an active<span class=\"_ _6\"></span><span class=\"ls295 ws2a6\"> market. Unquoted scheme as<span class=\"_ _6\"></span>sets sit within equities and<span class=\"_ _458\"> </span></span>other assets.<span class=\"_ _458\"> </span>The amount included in the consolidated balance sheet arising from the Group\u2019s obligations<span class=\"_ _6\"></span><span class=\"ls2a1 ws252\"> in respect of its defined<span class=\"_ _458\"> </span></span>benefit schemes is as follows:<table class=\"s w304 h1e4\" id=\"_da34fc01-f8f0-4a0f-acdb-92af1c0dda1f\"><tr><td></td><td class=\"t m0 x562 h19e y3797 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x1d8 h19e y3797 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td><td class=\"t m0 x563 h19e y3797 ff43 fs150 fc18 sc0 ls1ff ws1\">2023 </td><td class=\"t m0 x564 h19e y3797 ff43 fs150 fc18 sc0 ls1ff ws1\">2022 </td><td class=\"t m0 x33a h19e y3797 ff43 fs150 fc18 sc0 ls1ff ws1\">2021 </td></tr><tr><td></td><td class=\"t m0 x565 h19e y3798 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x566 h19e y3798 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x567 h19e y3798 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x321 h19e y3798 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x55a h19e y3798 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3799 w305 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Present value of defined scheme obligation<span class=\"_ _1\"></span>s<span class=\"_ _458\"> </span></div></td><td class=\"c n x568 y3799 w306 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">(74)<span class=\"_ _458\"> </span></div></td><td class=\"c n x569 y3799 w307 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws360\">(85)<span class=\"_ _458\"> </span></div></td><td class=\"c n x56a y3799 w308 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws360\">(87)<span class=\"_ _458\"> </span></div></td><td class=\"c n x56b y3799 w309 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws360\">(125)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4dc y3799 w309 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws360\">(152)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w30a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Fair value of scheme assets<span class=\"_ _458\"> </span></div></td><td class=\"c n x56c y3653 w6c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">93<span class=\"_ _458\"> </span></div></td><td class=\"c n x56d y3653 w30b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws361\">108<span class=\"_ _458\"> </span></div></td><td class=\"c n x56e y3653 w30c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws361\">117<span class=\"_ _458\"> </span></div></td><td class=\"c n x56f y3653 w30d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws361\">178<span class=\"_ _458\"> </span></div></td><td class=\"c n x570 y3653 w30e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws361\">178<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3654 w30f h1d0\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Irrecoverable surplus</div><div class=\"t m0 x571 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x572 y3654 w310 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws1\">(19)<span class=\"_ _458\"> </span></div></td><td class=\"c n x573 y3654 w311 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws362\">(23)<span class=\"_ _458\"> </span></div></td><td class=\"c n x574 y3654 w312 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws362\">(30)<span class=\"_ _458\"> </span></div></td><td class=\"c n x575 y3654 w313 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws362\">(53)<span class=\"_ _458\"> </span></div></td><td class=\"c n x576 y3654 w314 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws362\">(26)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w315 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls245 ws26b\">Amount recognised on the consolidated balance sheet<span class=\"_ _458\"> </span></div></td><td class=\"c n x577 y3655 w80 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x578 y3655 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x579 y3655 wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x57a y3655 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x57b y3655 wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>The net defined benefit asset must be measured at the l<span class=\"_ _6\"></span>ower of<span class=\"ls22c ws263\"> the surplus in the defined bene<span class=\"_ _6\"></span>fit schemes and the asset ceil<span class=\"ls248 ws249\">ing. The<span class=\"_ _458\"> </span></span></span>asset ceiling is the present value of any ec<span class=\"ls255 ws262\">onomic benefits available in the form of re<span class=\"ls22a ws246\">funds from the schemes or <span class=\"_ _6\"></span>reductions to <span class=\"ls198 ws1\">future<span class=\"_ _458\"> </span></span></span></span>contributions to the schemes. The asset ce<span class=\"_ _6\"></span><span class=\"ls227 wsbb\">iling of the Group\u2019s defined benefit s<span class=\"_ _d\"></span>chemes is<span class=\"ls32c ws364\"> \u00a3nil (2023/24: \u00a3nil), therefore the<span class=\"_ _6\"></span> s<span class=\"ls1a1 ws1\">urplus<span class=\"_ _458\"> </span></span></span></span>in the defined benefit schemes of \u00a319m (2023/<span class=\"_ _6\"></span>24: \u00a323m) is irrecoverable.<span class=\"_ _458\"> </span>The sensitivities of the defined benefit obligation in relation<span class=\"ls28e ws29f\"> to the major actuarial assump<span class=\"ls21c ws234\">tions used to measure scheme<span class=\"_ _458\"> </span></span></span>liabilities are as follows:<table class=\"s w316 h1ee\" id=\"_45791fdf-0afb-4349-97eb-0bd9d5767391\"><tr><td></td><td></td><td></td><td class=\"t m0 x57c h19e y379a ff43 fs150 fc18 sc0 ls1fd ws311\">(Decrease) increase in </td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x57d h19e y379b ff43 fs150 fc18 sc0 ls321 ws365\">defined scheme obligations </td></tr><tr><td></td><td class=\"t m0 x57e h19e y379c ff43 fs150 fc18 sc0 ls1f9 ws200\">Change in </td><td class=\"t m0 x273 h19e y379c ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y379c ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td class=\"t m0 x20e h19f y379d ff43 fs151 fc18 sc0 ls242 ws1\">Assumption </td><td class=\"t m0 x57f h19e y379e ff43 fs150 fc18 sc0 ls2ef ws1\">assumption </td><td class=\"t m0 x1da h19e y379e ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y379e ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3792 w2eb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Discount rate<span class=\"_ _458\"> </span></div></td><td class=\"c n x580 y3792 w317 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws1\">+0.5%<span class=\"_ _458\"> </span></div></td><td class=\"c n x581 y3792 w13c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x3dd y3792 wf5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws1\">(5)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y379f w2f0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Salary inflation<span class=\"_ _458\"> </span></div></td><td class=\"c n x582 y379f w317 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws1\">+0.5%<span class=\"_ _458\"> </span></div></td><td class=\"c n x54e y379f wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x583 y379f wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3660 w318 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">RPI inflation<span class=\"_ _458\"> </span></div></td><td class=\"c n x582 y3660 w317 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws1\">+0.5%<span class=\"_ _458\"> </span></div></td><td class=\"c n x584 y3660 w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x585 y3660 w319 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls250 ws1\">4<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w31a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws256\">Assumed life expectancy<span class=\"_ _458\"> </span></div></td><td class=\"c n x586 y3655 w31b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">+1 year<span class=\"_ _458\"> </span></div></td><td class=\"c n x587 y3655 w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x588 y3655 w31c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">2<span class=\"_ _458\"> </span></div></td></tr></table>History of experience gains and losses<table class=\"s w31d h1ef\" id=\"_0f060e2d-c485-430b-a26c-169f31c94821\"><tr><td></td><td class=\"t m0 x53d h19e y37a0 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x53e h19e y37a0 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td><td class=\"t m0 x53f h19e y37a0 ff43 fs150 fc18 sc0 ls1ff ws1\">2023 </td><td class=\"t m0 x540 h19e y37a0 ff43 fs150 fc18 sc0 ls1ff ws1\">2022 </td><td class=\"t m0 x541 h19e y37a0 ff43 fs150 fc18 sc0 ls1ff ws1\">2021 </td></tr><tr><td></td><td class=\"t m0 x589 h19e y37a1 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x58a h19e y37a1 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1d9 h19e y37a1 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1da h19e y37a1 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y37a1 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"t m0 x20e h19f y37a2 ff43 fs151 fc18 sc0 ls20d ws22a\">Total actuarial gain (loss) recognised in the <span class=\"_ _1\"></span>consolidated </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1dc y36f6 w31e h1d9\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">statement of comprehensive income</div><div class=\"t m0 x58b h1a0 y362f ff43 fs152 fc18 sc0 ls32d ws1\">1,2<span class=\"_ _458\"> </span></div></td><td class=\"c n x58c y36f6 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x58d y36f6 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws366\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x58e y36f6 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws366\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x58f y36f6 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws366\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x590 y36f6 w31f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws366\">(13)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w320 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">Percentage of present value on scheme liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n x591 y3655 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x592 y3655 w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws367\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x593 y3655 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws367\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x594 y3655 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws367\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x595 y3655 w321 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws367\">(8.6%)<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>Movements stated after adjusting fo<span class=\"ls225 ws244\">r irrecoverability of any<span class=\"_ _d\"></span> surplus.<span class=\"_ _458\"> </span></span>2. Cumulative loss recognised in th<span class=\"_ _6\"></span>e statement of<span class=\"ls248 ws249\"> comprehensive in<span class=\"_ _6\"></span>come is \u00a353m (2023/24: \u00a353m).<span class=\"_ _458\"> </span></span>Movements in the present value of define<span class=\"ls275 ws28a\">d benefit obligations were as follow<span class=\"_ _6\"></span>s: </span><table class=\"s w322 h1f0\" id=\"_b774bf4e-eafb-43b9-a8b1-41f9ff70a627\"><tr><td></td><td class=\"t m0 x273 h19e y37a3 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y37a3 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y37a4 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y37a4 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3784 w323 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">At 1 April<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ce y3784 w324 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws1\">(85)<span class=\"_ _458\"> </span></div></td><td class=\"c n x596 y3784 w325 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws1\">(87)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3722 w326 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Interest cost<span class=\"_ _458\"> </span></div></td><td class=\"c n x4fb y3722 w13c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x597 y3722 w327 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws1\">(4)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y37a5 ff43 fs151 fc18 sc0 ls209 ws240\">Actuarial gain <span class=\"_ _292\"> </span><span class=\"ff42 fc16 ls1 ws1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x20f y3652 w328 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Gain from change in financial assu<span class=\"_ _1\"></span>mptions<span class=\"_ _458\"> </span></div></td><td class=\"c n x598 y3652 w329 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23a ws1\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n x599 y3652 w31c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">2<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x20f y3759 w32a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Gain on scheme liabilities arising fro<span class=\"_ _1\"></span>m experience<span class=\"_ _458\"> </span></div></td><td class=\"c n x59a y3759 w32b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x59b y3759 wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f6 w32c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Benefits paid<span class=\"_ _458\"> </span></div></td><td class=\"c n x510 y36f6 w2bd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23c ws1\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x59c y36f6 w319 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls250 ws1\">4<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w32d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">At 31 March<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e4 y3655 w32e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">(74)<span class=\"_ _458\"> </span></div></td><td class=\"c n x59d y3655 w307 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws1\">(85)<span class=\"_ _458\"> </span></div></td></tr></table>Movements in the fair value of the scheme assets were<span class=\"_ _6\"></span> as follows: <table class=\"s w32f h1f1\" id=\"_e098740a-f028-4e27-b99d-6440b5f1cb19\"><tr><td></td><td class=\"t m0 x273 h19e y37a6 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y37a6 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y37a7 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y37a7 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3722 w323 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">At 1 April<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e6 y3722 w330 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">108<span class=\"_ _458\"> </span></div></td><td class=\"c n x59e y3722 wd2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">117<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y370a w331 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws25c\">Interest income on scheme assets<span class=\"_ _458\"> </span></div></td><td class=\"c n x59f y370a w332 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws1\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x5a0 y370a w2d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls224 ws1\">5<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w333 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws33d\">Contributions by employer<span class=\"_ _458\"> </span></div></td><td class=\"c n x5a1 y3652 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x5a2 y3652 wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3759 w334 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Actuarial loss<span class=\"_ _458\"> </span></div></td><td class=\"c n x5a3 y3759 w310 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">(16)<span class=\"_ _458\"> </span></div></td><td class=\"c n x5a4 y3759 w29e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">(10)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w32c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Benefits paid<span class=\"_ _458\"> </span></div></td><td class=\"c n x5a5 y375a w13c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x5a6 y375a w335 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws1\">(4)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w32d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">At 31 March<span class=\"_ _458\"> </span></div></td><td class=\"c n x5a7 y3655 w6c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">93<span class=\"_ _458\"> </span></div></td><td class=\"c n x5a8 y3655 w303 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws1\">108<span class=\"_ _458\"> </span></div></td></tr></table>Through its defined benefit plans, the Group is exposed to<span class=\"ls276 ws28c\"> a number <span class=\"_ _6\"></span>of risks, the most significan<span class=\"_ _6\"></span>t of which are </span>detailed below: Asset volatility The liabilities are calculated using a discount rate set with <span class=\"ls299 ws2a3\">reference to corporate b<span class=\"_ _6\"></span>ond yields; if assets underperform </span>this yield, this will create a deficit. The scheme holds a si<span class=\"_ _6\"></span>gnificant portion of growth assets (equities and diversified growth funds) which, although expected to outperform co<span class=\"ls289 ws29b\">rporate bonds in the long term, create volatility and risk </span>in the short term. The allocation to growth assets is moni<span class=\"ls27e ws293\">tored to ensure it re<span class=\"_ _6\"></span>mains appropriate given the scheme\u2019s </span>long term objectives. Changes in bond yields A decrease in corporate bond<span class=\"_ _6\"></span> yields will increase the value placed on t<span class=\"_ _6\"></span>he scheme\u2019s liabilities for accounting purposes, although this will be partially offset by an incr<span class=\"ls299\">ease in the value of the scheme\u2019s bond holdings. </span>Inflation risk The majority of the scheme\u2019s benefit obligations are linked to <span class=\"ls299 ws2a3\">inflation, and higher inflation will lead to higher liabilities </span>(although, in most cases, caps on<span class=\"_ _d\"></span> the level of inflationar<span class=\"_ _1\"></span>y<span class=\"ls295 ws2a6\"> inc<span class=\"_ _6\"></span>reases are in place to p<span class=\"_ _6\"></span>rot<span class=\"ls27d ws292\">ect against extreme inflation). </span></span>The majority of the assets are either una<span class=\"ls1 ws29d\">ffected by or onl<span class=\"_ _6\"></span>y loosely correlated wi<span class=\"_ _d\"></span><span class=\"ls288 ws295\">th inflation, meaning that an increase </span></span>in inflation will also decrease the surplus. Life expectancy The majority of the scheme\u2019s obligations are to provide <span class=\"ls272 ws287\">benefits for the life of<span class=\"_ _6\"></span> the member, so increases in life </span>expectancy will result in an increase in the liabilities. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDefinedBenefitPlansExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-508": {
   "value": "<div class=\"t m0 h1a7 ff42 fs153 fc16 sc0 ls1 ws3c4 gs2db\">11 Joint <span class=\"_ _27\"></span>ve<span class=\"_ _1\"></span>ntures <span class=\"_ _27\"></span> </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls2ba ws2c1 gs2dc\">Summary movement for the year of th<span class=\"ws2f7\">e investments in joint ventures  </span></div><div class=\"gs2dd\"><table class=\"s w465 h1f9\" id=\"_a3990a54-b834-48fe-b075-2a829a84be74\"><tr><td></td><td class=\"t m0 x745 h19e y384a ff43 fs150 fc18 sc0 ls1fc ws1\">Equity </td><td class=\"t m0 x457 h19e y384a ff43 fs150 fc18 sc0 ls304 ws1\">Loans </td><td class=\"t m0 x274 h19e y384a ff42 fs150 fc16 sc0 ls1f4 ws1\">Total </td></tr><tr><td></td><td class=\"t m0 x1d9 h19e y384b ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1da h19e y384b ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y384b ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y384c w466 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20c ws215\">At 1 April 2024<span class=\"_ _458\"> </span></div></td><td class=\"c n x746 y384c w467 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws3c5\">1,362<span class=\"_ _458\"> </span></div></td><td class=\"c n x747 y384c w468 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws3c5\">1,067<span class=\"_ _458\"> </span></div></td><td class=\"c n x748 y384c w469 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws1\">2,429<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y384d w46a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws1\">Additions<span class=\"_ _458\"> </span></div></td><td class=\"c n x749 y384d w46b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3c6\">59<span class=\"_ _458\"> </span></div></td><td class=\"c n x74a y384d w46c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3c6\">219<span class=\"_ _458\"> </span></div></td><td class=\"c n x74b y384d w3b1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws1\">278<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y384e w46d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws1\">Disposals<span class=\"_ _458\"> </span></div></td><td class=\"c n x74c y384e w41f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3c7\">(99)<span class=\"_ _458\"> </span></div></td><td class=\"c n x74d y384e w46e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3c7\">(6)<span class=\"_ _458\"> </span></div></td><td class=\"c n x74e y384e w291 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws1\">(105)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y384f w46f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Disposal of investment in Mea<span class=\"_ _1\"></span>dowhall Shopping Centre joint venture<span class=\"_ _458\"> </span></div></td><td class=\"c n x74f y384f w470 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">(64)<span class=\"_ _458\"> </span></div></td><td class=\"c n x750 y384f w471 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">(92)<span class=\"_ _458\"> </span></div></td><td class=\"c n x751 y384f w472 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">(156)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3784 w473 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws3c8\">Capitalisation of loans<span class=\"_ _458\"> </span></div></td><td class=\"c n x752 y3784 wd6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3c9\">63<span class=\"_ _458\"> </span></div></td><td class=\"c n x753 y3784 w474 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3c9\">(63)<span class=\"_ _458\"> </span></div></td><td class=\"c n x754 y3784 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3650 w475 h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Share of profit after taxation</div><div class=\"t m0 x755 h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x756 y3650 w476 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3ca\">84<span class=\"_ _458\"> </span></div></td><td class=\"c n x757 y3650 w477 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3ca\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n x758 y3650 w478 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">90<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3850 ff43 fs151 fc18 sc0 ls222 ws399\">Distributions and dividen<span class=\"_ _1\"></span>ds: <span class=\"_ _2c2\"> </span><span class=\"ls3db ws610\"> <span class=\"_ _43c\"></span> <span class=\"_ _e0\"> </span><span class=\"_ _43c\"></span><span class=\"ff42 fc16 ls1\"> </span></span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x20f y3652 w479 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws373\">\u2013 Capital<span class=\"_ _458\"> </span></div></td><td class=\"c n x759 y3652 w47a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws3cb\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x75a y3652 w3c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws3cb\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x75b y3652 web h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws1\">(2)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x20f y3653 w47b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">\u2013 Revenue<span class=\"_ _458\"> </span></div></td><td class=\"c n x75c y3653 w47c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3cc\">(68)<span class=\"_ _458\"> </span></div></td><td class=\"c n x75d y3653 w47d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3cc\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x75e y3653 w61 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws1\">(72)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3654 w47e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws340\">Hedging and exchan<span class=\"_ _1\"></span>ge movements<span class=\"_ _458\"> </span></div></td><td class=\"c n x75f y3654 w1a5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws340\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x760 y3654 w47f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws340\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x4cc y3654 wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w480 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws22f\">At 31 March 2025<span class=\"_ _458\"> </span></div></td><td class=\"c n x761 y3655 w481 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls247 ws3cd\">1,334<span class=\"_ _458\"> </span></div></td><td class=\"c n x762 y3655 w482 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls247 ws3cd\">1,128<span class=\"_ _458\"> </span></div></td><td class=\"c n x763 y3655 wbc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws1\">2,462<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls230 ws264 gs2de\">1. <span class=\"_ _24\"> </span>The share of profit after taxation includes equity accounted profits of \u00a372m (2023/24: \u00a3121m<span class=\"_ _6\"></span> losses) and a credit relating t<span class=\"ls30e ws3ce\">o the </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls248 ws249 gs2df\">movement of provision for impairment of<span class=\"_ _6\"></span> equity investments and <span class=\"ls19f ws260\">loans of<span class=\"_ _6\"></span> \u00a318m (2023/24: \u00a342m credit) e<span class=\"_ _6\"></span>xcluding the Meadowhall </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22c ws263 gs2e0\">Shopping Centre joint venture disposal. The Gr<span class=\"_ _6\"></span><span class=\"ls1 ws48\">oup\u2019s net closing investments in and loan<span class=\"ls230 ws264\">s to joint ventures<span class=\"ls22a ws246\">, the<span class=\"_ _6\"></span> associated clos<span class=\"ls22c ws1\">ing </span></span></span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls30d ws333 gs2e1\">provision for impairment and m<span class=\"_ _6\"></span>ovement in provision <span class=\"ls22c ws263\">fo<span class=\"_ _6\"></span>r impairment in the year are included in <span class=\"_ _6\"></span>Note 22.  </span></div><div class=\"t m0 h19d ff42 fs14f fc18 sc0 ls24a ws258 gs2e2\">Meadowhall Shopping Cent<span class=\"ls288 ws295\">re joint venture disposal </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs2e3\">On 12 July 2024, the Group completed th<span class=\"ls27c\">e disposal of i<span class=\"_ _6\"></span>ts 50% shareholding in the Meadowhall Shopping Centre joint </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a4 ws2aa gs2e4\">venture to the joint venture partner, Norges Bank Invest<span class=\"ls299 ws2a3\">ment Management, for<span class=\"_ _1\"></span> a<span class=\"_ _6\"></span> total consideration of \u00a3158m. The </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws25b gs2e5\">carrying amount of the investment in the joint venture on th<span class=\"ls295 ws2a6\">e disposal date was \u00a3156m, resu<span class=\"_ _6\"></span>lting in a loss on disposal </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls1 ws29d gs2e6\">after transaction costs of<span class=\"_ _6\"></span> \u00a31m which has been<span class=\"_ _6\"></span> accounted for within th<span class=\"_ _6\"></span>e Loss on disposal <span class=\"_ _d\"></span>of investment properties, joint </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs2e7\">ventures and revaluation of investments line within the Capita<span class=\"ls289 ws29b\">l and other column of the cons<span class=\"ls27d ws292\">olidated income<span class=\"_ _6\"></span> statement. </span></span></div><div class=\"t m0 h19d ff42 fs14f fc18 sc0 ls27c ws291 gs2e8\">2 Finsbury Avenue joint venture transaction </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28b ws259 gs2e9\">On 24 January 2025, Broad<span class=\"_ _6\"></span>gate REIT Limited (\u2018Broadgate\u2019) <span class=\"_ _6\"></span><span class=\"ls28e ws29f\">entered into a new 50:50 joint venture arrangement with </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs2ea\">Modon Holding PSC in relation to a who<span class=\"ls24a ws258\">lly owned development property, 2 Finsbury<span class=\"_ _6\"></span><span class=\"ls299 ws2a3\"> Avenue. All of the following figures </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls273 ws288 gs2eb\">are at 100% from the p<span class=\"_ _6\"></span>erspective of the new 2 Finsbury <span class=\"_ _6\"></span>Ave<span class=\"ls28e ws29f\">nue joint venture. The transaction value of the development </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs2ec\">property transferred by Broadgate on the formation of the <span class=\"_ _6\"></span><span class=\"ls2a1 ws252\">new joint venture was \u00a3401m. This created a total gain on </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gs2ed\">disposal of \u00a334m of which \u00a317m related t<span class=\"_ _6\"></span>o Modon Holding PS<span class=\"ls274 ws289\">C\u2019s interest in the joint<span class=\"_ _6\"></span> venture and was realised on the </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs2ee\">transaction date. Broadgate recognised a ga<span class=\"ls28c ws29e\">in on dispo<span class=\"_ _6\"></span>sal of \u00a310m net of<span class=\"_ _d\"></span> transa<span class=\"ls2a3 ws2b1\">ction costs of \u00a37m (B<span class=\"_ _6\"></span>ritish Land Group </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gs2ef\">share of gain on disposal: \u00a35m). </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs2f0\">For the year ended 31 March 2025, Broadg<span class=\"_ _6\"></span>ate recognised a tota<span class=\"ls24a ws258\">l share of the joint venture profit of \u00a322m (British Land </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs2f1\">Group share: \u00a311m). This included the re<span class=\"ls289 ws29b\">maining \u00a317m gain on disposal of p<span class=\"_ _6\"></span>roper<span class=\"ls277 ws28d\">ty into the new joint venture which was </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls277 ws28d gs2f2\">unrealised at the transaction date. Between 24 January 20<span class=\"ls24a ws258\">25 and 31 March 2025, Broadga<span class=\"ls24d ws25b\">te provided further loan </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs2f3\">funding of \u00a326m into the joint venture and recognised an in<span class=\"ls24d ws25b\">vestment in joint ventures of \u00a3232m as at 31 March 2025 </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a3 ws3cf gs2f4\">(British Land Group share: \u00a3116m)<span class=\"_ _6\"></span>. Broadgate received \u00a3190<span class=\"ls24a ws258\">m of cash<span class=\"_ _d\"></span> consideration in r<span class=\"_ _1\"></span>elation to the sale of<span class=\"_ _6\"></span> the </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs2f5\">property to the joint venture (net of transaction costs of <span class=\"_ _6\"></span>\u00a37<span class=\"ls2a2 ws25a\">m) and used \u00a393m of th<span class=\"_ _6\"></span>is to<span class=\"ls2a4 ws2aa\"> repay capital to the British </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs2f6\">Land Group. </div><div class=\"t m0 h19d ff42 fs14f fc18 sc0 ls270 ws285 gs2f7\">1 Triton Square joint venture transaction<span class=\"_ _6\"></span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws25b gs2f8\">In the prior year, on 15 March 2024, the Group entered into<span class=\"ls277\"> a new 50:50 joint venture arrangement with Royal London </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs2f9\">Mutual Insurance Society Limited in relation to a wholly-o<span class=\"ls28d ws29a\">wned investment property, 1<span class=\"_ _6\"></span> Tr<span class=\"ls2a1 ws252\">iton Square. The transaction </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs2fa\">value of the assets transferred by the <span class=\"ls299 ws2a3\">Group on the formation of the <span class=\"_ _6\"></span>joint vent<span class=\"ls2a1 ws252\">ure at 100% was \u00a3385m of investment </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs2fb\">property with a resulting loss on disposal of \u00a368m in the year ended <span class=\"_ _6\"></span>31 March 2024. The \u00a354m of tenant incentives </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs2fc\">impairment arising from the surrender transaction of 1 Triton <span class=\"ls351 ws3d0\">Square, fo<span class=\"_ _6\"></span>rms part of t<span class=\"_ _6\"></span>he \u00a368m loss o<span class=\"_ _6\"></span>n disposal (se<span class=\"_ _6\"></span>e Note </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs2fd\">3 for further information). The remaining \u00a314m loss on dispos<span class=\"ls2a3 ws2b1\">al has<span class=\"_ _6\"></span> been accounted for<span class=\"_ _6\"></span> within the loss on<span class=\"_ _d\"></span> disposal of </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs2fe\">investment property line within the Capital and othe<span class=\"ls26f ws284\">r column of the consolidated income statement.  </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls1 ws29d gs2ff\">The Group recognised a <span class=\"_ _6\"></span>share of the joint ven<span class=\"_ _6\"></span>ture\u2019s loss of \u00a32m an<span class=\"_ _6\"></span>d share of net a<span class=\"_ _6\"></span>ssets less sharehol<span class=\"_ _6\"></span>der loans of \u00a379m<span class=\"_ _6\"></span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs300\">in relation to the 1 Triton Square joint venture for the ye<span class=\"ls249 ws28e\">ar ended 31 M<span class=\"_ _6\"></span>arch 2024. The Group recei<span class=\"_ _6\"></span>ved \u00a3190m of cash </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs301\">consideration in relation to the sale of the investment <span class=\"ls274 ws289\">and development properties to the joint venture (net of </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls271 ws286 gs302\">transaction costs of \u00a3<span class=\"_ _6\"></span>3m).  </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls295 ws2a6 gs304\">The summarised income<span class=\"_ _6\"></span> statements and balance sh<span class=\"_ _6\"></span>eets below and on the followin<span class=\"_ _6\"></span>g page show 100% <span class=\"_ _6\"></span>of the results,<span class=\"_ _458\"> </span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs305\">assets and liabilities of joint ventures to the nearest million.<span class=\"_ _458\"> </span> </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls354 ws3d2 gs306\">Joint ventures\u2019 summary financial st<span class=\"ls32e ws368\">atements as at 31 M<span class=\"_ _6\"></span>arch 2025</span><span class=\"ls32e ws368\"> </span></div><div class=\"gs307\"><table class=\"s w483 h1fa\" id=\"_f2dcad12-8c76-4cc7-ac3e-e29e64d0674e\"><tr><td class=\"t m0 x20e hbf y3851 ff43 fsaf fc18 sc0 ls248 ws249\">See page 174 for additional information on each<span class=\"_ _6\"></span> joint venture </td><td class=\"c x765 y3852 w484 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls355 ws1\">Broadgate</div><div class=\"t m0 x764 h72 y3625 ff43 fs63 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c x767 y3853 w485 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls325 ws1\">Meadowhall</div><div class=\"t m0 x766 h72 y3625 ff43 fs63 fc18 sc0 ls1 ws1\">2</div></td><td class=\"t m0 x768 h19e y3854 ff43 fs150 fc18 sc0 ls356 ws3d3\"> WOSC </td><td class=\"t m0 x769 h19e y3855 ff43 fs150 fc18 sc0 ls341 ws3d4\">BL West End </td></tr><tr><td class=\"c n x1dc y3856 w486 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws2f0\">Group share<span class=\"_ _458\"> </span></div></td><td class=\"c n x76a y3856 w487 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws2f0\">50%<span class=\"_ _458\"> </span></div></td><td class=\"c x76c y3856 w488 h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws2f0\">0%</div><div class=\"t m0 x76b h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x76d y3856 w489 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws3d5\">25%<span class=\"_ _458\"> </span></div></td><td class=\"c n x76e y3856 w48a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws3d5\">25%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3857 ff42 fs151 fc18 sc0 ls217 ws22a\">Summarised income statements <span class=\"_ _78\"> </span><span class=\"ff43 ls3db ws610\"> <span class=\"_ _43d\"></span> <span class=\"_ _43d\"></span> </span><span class=\"ff43 ls3db ws610\"><span class=\"_ _43d\"></span> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1dc y3858 w48b h1d0\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">Revenue</div><div class=\"t m0 x371 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x76f y3858 w48c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3d6\">242<span class=\"_ _458\"> </span></div></td><td class=\"c n x770 y3858 w48d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3d6\">26<span class=\"_ _458\"> </span></div></td><td class=\"c n x771 y3858 w332 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3d6\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n x772 y3858 w48e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3d6\">28<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3859 w48f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws1\">Costs<span class=\"_ _458\"> </span></div></td><td class=\"c n x773 y3859 w490 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3d7\">(72)<span class=\"_ _458\"> </span></div></td><td class=\"c n x774 y3859 w491 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3d7\">(5)<span class=\"_ _458\"> </span></div></td><td class=\"c n x775 y3859 w492 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3d7\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x776 y3859 w12a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3d7\">(9)<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x777 y385a w40c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3d8\">170<span class=\"_ _458\"> </span></div></td><td class=\"c n x778 y385a w493 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3d8\">21<span class=\"_ _458\"> </span></div></td><td class=\"c n x779 y385a w40e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3d8\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x77a y385a w494 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3d8\">19<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y385b w48 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Administrative expenses<span class=\"_ _458\"> </span></div></td><td class=\"c n x77b y385b w495 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3d9\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x77c y385b w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3d9\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x77d y385b wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3d9\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x77e y385b w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3d9\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y385c w496 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Net interest payable<span class=\"_ _458\"> </span></div></td><td class=\"c n x77f y385c w497 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">(66)<span class=\"_ _458\"> </span></div></td><td class=\"c n x780 y385c w498 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">(6)<span class=\"_ _458\"> </span></div></td><td class=\"c n x781 y385c w3c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x782 y385c w498 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">(6)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y385d w499 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">Underlying Profit<span class=\"_ _458\"> </span></div></td><td class=\"c n x783 y385d w49a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">107<span class=\"_ _458\"> </span></div></td><td class=\"c n x784 y385d w49b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">15<span class=\"_ _458\"> </span></div></td><td class=\"c n x785 y385d w49c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x786 y385d w49d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">13<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y385e w49e h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Share of joint venture result</div><div class=\"t m0 x253 h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x787 y385e w49f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3da\">22<span class=\"_ _458\"> </span></div></td><td class=\"c n x788 y385e w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3da\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x789 y385e w1b0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3da\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x78a y385e w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3da\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y385f w4a0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Net valuation movements on property<span class=\"_ _458\"> </span></div></td><td class=\"c n x78b y385f w407 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x78c y385f w4a1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x78d y385f w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x78e y385f w4a2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">(33)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3860 w4a3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws21a\">Capital financing charges<span class=\"_ _458\"> </span></div></td><td class=\"c n x78f y3860 w4a4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws21a\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x790 y3860 w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws21a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x791 y3860 w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws21a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x792 y3860 w183 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws21a\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3861 w4a5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Profit (loss) on disposal of properties<span class=\"_ _458\"> </span></div></td><td class=\"c n x793 y3861 w4a6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n x794 y3861 w4a7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x795 y3861 w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x796 y3861 w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3862 w6a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls1 ws222\">Profit (loss) before taxation<span class=\"_ _458\"> </span></div></td><td class=\"c n x797 y3862 w30b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3db\">139<span class=\"_ _458\"> </span></div></td><td class=\"c n x798 y3862 w4a8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3db\">15<span class=\"_ _458\"> </span></div></td><td class=\"c n x799 y3862 w352 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3db\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x79a y3862 w4a9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3db\">(20)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3863 w4aa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws1\">Taxation<span class=\"_ _458\"> </span></div></td><td class=\"c n x79b y3863 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3d9\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x79c y3863 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3d9\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x79d y3863 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3d9\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x79e y3863 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3d9\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3864 w4ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws219\">Profit (loss) after taxation<span class=\"_ _458\"> </span></div></td><td class=\"c n x79f y3864 w30b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3db\">139<span class=\"_ _458\"> </span></div></td><td class=\"c n x7a0 y3864 w4ac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3db\">15<span class=\"_ _458\"> </span></div></td><td class=\"c n x7a1 y3864 w352 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3db\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x7a2 y3864 w4ad h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3db\">(20)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3865 w4ae h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Other comprehensive (expense) income<span class=\"_ _458\"> </span></div></td><td class=\"c n x7a3 y3865 w4af h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7a4 y3865 w4b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x7a5 y3865 w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7a6 y3865 w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3866 w4b1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21a ws3dc\">Total comprehensive income (expense)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7a7 y3866 w4b2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws3dd\">138<span class=\"_ _458\"> </span></div></td><td class=\"c n x7a8 y3866 w4b3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws3dd\">17<span class=\"_ _458\"> </span></div></td><td class=\"c n x7a9 y3866 w4b4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws3dd\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x7aa y3866 w4b5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws3dd\">(20)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3867 w4b6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21b ws22d\">British Land share of total co<span class=\"ls213 ws250\">mprehensive income (expense)<span class=\"_ _458\"> </span></span></div></td><td class=\"c n x7ab y3867 w4b7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws3de\">69<span class=\"_ _458\"> </span></div></td><td class=\"c n x7ac y3867 w3eb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws3de\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n x7ad y3867 w4b8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws3de\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x7ae y3867 w14f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws3de\">(5)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3868 w4b9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">British Land share of distributions payable<span class=\"_ _458\"> </span></div></td><td class=\"c n x7af y3868 w4ba h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls319 ws3df\">45<span class=\"_ _458\"> </span></div></td><td class=\"c n x7b0 y3868 w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls319 ws3df\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x7b1 y3868 w4bb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls319 ws3df\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x7b2 y3868 w59 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls319 ws3df\">3<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3869 ff42 fs151 fc18 sc0 ls216 ws26b\">Summarised balance sheets <span class=\"_ _260\"> </span><span class=\"ff43 ls3db ws610\"> <span class=\"_ _43d\"></span> <span class=\"_ _43d\"></span> </span><span class=\"ff43 ls3db ws610\"><span class=\"_ _43d\"></span> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y386a w4bc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Investment and trading properties<span class=\"_ _458\"> </span></div></td><td class=\"c n x7b3 y386a w4bd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">4,179<span class=\"_ _458\"> </span></div></td><td class=\"c n x77c y386a w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7b4 y386a w4be h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">126<span class=\"_ _458\"> </span></div></td><td class=\"c n x7b5 y386a w4bf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">415<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y386b w4c0 h1d6\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws253\">Investments in joint ventures</div><div class=\"t m0 x7b6 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x7b7 y386b w4c1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls358 ws3e0\">232<span class=\"_ _458\"> </span></div></td><td class=\"c n x7b8 y386b w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls358 ws3e0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7b9 y386b w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls358 ws3e0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7ba y386b w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls358 ws3e0\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y386c w4c2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Other non-current assets<span class=\"_ _458\"> </span></div></td><td class=\"c n x7bb y386c we4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">14<span class=\"_ _458\"> </span></div></td><td class=\"c n x7bc y386c w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x229 y386c w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7bd y386c w4c3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">13<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y386d w4c4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws3e1\">Current <span class=\"_ _2cf\"></span>assets<span class=\"_ _458\"> </span></div></td><td class=\"c n x7be y386d w4c5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws3e1\">30<span class=\"_ _458\"> </span></div></td><td class=\"c n x7bf y386d w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws3e1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7c0 y386d w4b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws3e1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x7c1 y386d w1ac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws3e1\">2<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y386e w4c6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">Cash and cash equivalents<span class=\"_ _458\"> </span></div></td><td class=\"c n x7c2 y386e w4c7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">160<span class=\"_ _458\"> </span></div></td><td class=\"c n x7c3 y386e w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7c4 y386e w4c8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x7c5 y386e w70 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">13<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y386f w4c9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21f ws237\">Gross assets<span class=\"_ _458\"> </span></div></td><td class=\"c n x7c6 y386f w4ca h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws3e2\">4,615<span class=\"_ _458\"> </span></div></td><td class=\"c n x7c7 y386f w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws3e2\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7c8 y386f w215 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws3e2\">132<span class=\"_ _458\"> </span></div></td><td class=\"c n x7c9 y386f w4cb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws3e2\">443<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3870 w4cc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Current liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n x7ca y3870 w4cd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">(147)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7cb y3870 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7cc y3870 w4ce h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">(5)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7cd y3870 w4cf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">(13)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3839 w4d0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Bank and securitised debt<span class=\"_ _458\"> </span></div></td><td class=\"c n x7ce y3839 w4d1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">(1,529)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7cf y3839 w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x791 y3839 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7d0 y3839 w4d2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">(160)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3871 w4d3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Loans from joint venture partners<span class=\"_ _458\"> </span></div></td><td class=\"c n x7d1 y3871 w4d4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(1,671)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7d2 y3871 w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7d3 y3871 w4d5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(56)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7d4 y3871 w4d6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(13)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y383b w4d7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Other non-current liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n x7d5 y383b w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7d6 y383b w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7d7 y383b w4d8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7d8 y383b w4d9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">(14)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3750 w4da h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws219\">Gross liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n x7d9 y3750 w4db h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws3e3\">(3,347)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7da y3750 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws3e3\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7db y3750 w23e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws3e3\">(65)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7dc y3750 w4dc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws3e3\">(200)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3770 w4dd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws219\">Net assets (liabilities)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7dd y3770 w4de h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3e4\">1,268<span class=\"_ _458\"> </span></div></td><td class=\"c n x7de y3770 w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3e4\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7df y3770 w4df h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3e4\">67<span class=\"_ _458\"> </span></div></td><td class=\"c n x7e0 y3770 w4e0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3e4\">243<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3655 w4e1 h1d9\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21f ws237\">British Land share of net assets less shareholder loans</div><div class=\"t m0 x7e1 h1a0 y362f ff42 fs152 fc18 sc0 ls1 ws1\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x7e2 y3655 w4e2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws3e5\">634<span class=\"_ _458\"> </span></div></td><td class=\"c n x7e3 y3655 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws3e5\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7e4 y3655 w4e3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws3e5\">17<span class=\"_ _458\"> </span></div></td><td class=\"c n x7e5 y3655 w4e4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws3e5\">61<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22e ws24a gs308\">1. <span class=\"_ _24\"> </span>On 24 January 2025, Broadgate REIT Limit<span class=\"ws263\">ed (\u2018B<span class=\"_ _6\"></span>roadgate\u2019) entered into a new 50:50 <span class=\"ls30d ws333\">joint ventu<span class=\"_ _d\"></span>r<span class=\"_ _1\"></span>e arrangemen<span class=\"_ _6\"></span>t with Modon Holdi<span class=\"_ _6\"></span><span class=\"ls1 ws1\">ng<span class=\"_ _458\"> </span></span></span></span><span class=\"ws263\"><span class=\"ls30d ws333\"><span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls30d ws333 gs309\">PSC in relation to Broadgate\u2019s w<span class=\"_ _6\"></span>holly-owned development proper<span class=\"_ _6\"></span>ty, 2 Finsbury Avenue. For fur<span class=\"_ _6\"></span>ther details, refer to page 169<span class=\"_ _6\"></span> of<span class=\"_ _458\"> </span> </div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls359 ws3e6 gs30a\">Note 11.<span class=\"_ _458\"> </span> </div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls30f ws334 gs30b\">2. On 12 July 2024<span class=\"_ _d\"></span> the Group completed the disposal of i<span class=\"_ _d\"></span>t<span class=\"_ _1\"></span>s 50<span class=\"_ _d\"></span><span class=\"ls22f ws24b\">% shareholding in the Meadowhall Shopping Centre joint venture. Th<span class=\"ls1 ws1\">e<span class=\"_ _458\"> </span></span></span><span class=\"ls22f ws24b\"><span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls225 ws244 gs30c\">summarised income statement therefore includes 100% of the<span class=\"_ _6\"></span> result<span class=\"ls30f ws334\">s of Meado<span class=\"_ _6\"></span>whall up to the <span class=\"_ _6\"></span>date of disposal,<span class=\"_ _6\"></span> 12 July 2024. The<span class=\"_ _458\"> </span></span><span class=\"ls30f ws334\"> </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls255 ws262 gs30d\">summarised balance sheet as<span class=\"ls22f ws24b\"> at 31 March 2025 reflects the resul<span class=\"_ _6\"></span>ting nil <span class=\"ls1 ws48\">Group share of Meadowhall follo<span class=\"_ _6\"></span>wing the disposal.<span class=\"_ _458\"> </span></span></span><span class=\"ls22f ws24b\"><span class=\"ls1 ws48\"> </span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls255 ws262 gs30e\">3. In accordance with the Group\u2019s <span class=\"_ _6\"></span>accounting policies detailed in<span class=\"ls1 ws48\"> Note 1, the Group recognises a n<span class=\"_ _6\"></span>il equity investment in joint<span class=\"ls230 ws264\"> ventures<span class=\"_ _458\"> </span></span></span><span class=\"ls1 ws48\"><span class=\"ls230 ws264\"> </span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22c ws263 gs30f\">in a net liability position at year end.<span class=\"_ _458\"> </span> </div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls225 ws244 gs310\">4. <span class=\"_ _d\"></span>Included in the column headed <span class=\"_ _6\"></span>\u2018Other joint ventures\u2019 are cont<span class=\"_ _6\"></span><span class=\"ls26a ws27f\">ributions from the <span class=\"_ _6\"></span>following: BL<span class=\"ls248 ws249\"> Goodman Limited Partnership,<span class=\"_ _458\"> </span></span></span><span class=\"ls26a ws27f\"><span class=\"ls248 ws249\"><span class=\"_ _6\"></span> </span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls19f ws260 gs311\">Bluebutton Property Management UK Limited<span class=\"_ _d\"></span>, City of London Office Un<span class=\"ls225 ws244\">it Trust, Reading Gate<span class=\"_ _6\"></span> Retail Park Co-Ownership, Ede<span class=\"_ _6\"></span>n Walk<span class=\"_ _458\"> </span></span><span class=\"ls225 ws244\"> </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls255 ws262 gs312\">Shopping Centre Unit Trust and the Whit<span class=\"ls22c ws263\">eley Shopping Centre <span class=\"_ _6\"></span>Unit Trust.<span class=\"_ _458\"> </span></span><span class=\"ls22c ws263\"> </span></div><div class=\"t m0 h1a8 ff43 fsaf fc18 sc0 ls268 ws27e gs313\">5. Revenue includes gross ren<span class=\"_ _6\"></span>tal income at<span class=\"ls227 ws3e7\"> 100% share of \u00a3332m (2023/24: \u00a3375m). <span class=\"_ _ab\"> </span></span><span class=\"ls227 ws3e7\"><span class=\"ff4c fs154 fc16 ls1 ws1\"> </span></span></div><table class=\"s w4e5 h1fb\" id=\"_1359fa0f-240c-448c-845f-15e04bb431ab\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x274 h19e y3872 ff42 fs150 fc16 sc0 ls1f4 ws1\">Total </td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x32c h19e y3873 ff43 fs150 fc18 sc0 ls1fb ws2fb\">Hercules Unit </td><td class=\"t m0 x7e6 h19e y3873 ff43 fs150 fc18 sc0 ls1fe ws2e8\">Other joint </td><td class=\"t m0 x3f1 h19e y3873 ff42 fs150 fc16 sc0 ls1f4 ws1\">Total </td><td class=\"t m0 x769 h19e y3874 ff42 fs150 fc16 sc0 ls1ff ws2fd\"> Group share </td></tr><tr><td class=\"t m0 x7e7 h19e y3875 ff43 fs150 fc18 sc0 ls335 ws3b0\">Canada Water </td><td class=\"c x7e9 y3876 w4e6 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls259 ws1\">Paddington</div><div class=\"t m0 x7e8 h72 y3625 ff43 fs63 fc18 sc0 ls1 ws1\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x7ea y3877 w4e7 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1fb ws3e8\">1 Triton Square<span class=\"_ _458\"> </span></div></td><td class=\"c n x7eb y3877 w4e8 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1fb ws3e8\">SouthGate<span class=\"_ _458\"> </span></div></td><td class=\"t m0 x1d7 h19e y3875 ff43 fs150 fc18 sc0 ls25e ws315\">Trust JV </td><td class=\"c x7ed y3877 w4e9 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2ef ws1\">ventures</div><div class=\"t m0 x7ec h72 y3625 ff43 fs63 fc18 sc0 ls1 ws1\">4<span class=\"_ _458\"> </span></div></td><td class=\"t m0 x3f1 h19e y3875 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3878 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td></tr><tr><td class=\"c n x7ee y3879 w4ea h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35b ws3e9\">50%<span class=\"_ _458\"> </span></div></td><td class=\"c n x7ef y3879 w4eb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35b ws3e9\">25%<span class=\"_ _458\"> </span></div></td><td class=\"c n x7f0 y3879 w45e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35b ws3e9\">50<span class=\"_ _d\"></span>%<span class=\"_ _458\"> </span></div></td><td class=\"c n x7f1 y3879 w471 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35b ws3e9\">50<span class=\"_ _d\"></span>%<span class=\"_ _458\"> </span></div></td><td class=\"c n x7f2 y3879 w4ec h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35b ws3e9\">50%<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x7f3 y3858 w4ed h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3ea\">9<span class=\"_ _458\"> </span></div></td><td class=\"c n x7f4 y3858 w4ee h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3ea\">62<span class=\"_ _458\"> </span></div></td><td class=\"c n x7f5 y3858 w5a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3ea\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x7f6 y3858 w4ef h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3ea\">17<span class=\"_ _458\"> </span></div></td><td class=\"c n x7f7 y3858 w4f0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3ea\">18<span class=\"_ _458\"> </span></div></td><td class=\"c n x7f8 y3858 w4f1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3ea\">19<span class=\"_ _458\"> </span></div></td><td class=\"c n x7f9 y3858 w4f2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3ea\">430<span class=\"_ _458\"> </span></div></td><td class=\"c n x7fa y3858 w4f3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3ea\">190<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x7fb y3859 w4f4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3eb\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7fc y3859 w4f5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3eb\">(19)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7fd y3859 w237 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3eb\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7fe y3859 w4f6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3eb\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7ff y3859 w44a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3eb\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n x800 y3859 w4f7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3eb\">(5)<span class=\"_ _458\"> </span></div></td><td class=\"c n x801 y3859 w4f8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3eb\">(130)<span class=\"_ _458\"> </span></div></td><td class=\"c n x802 y3859 w163 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3eb\">(57)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x803 y385a w5a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws3ec\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x804 y385a w4f9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws3ec\">43<span class=\"_ _458\"> </span></div></td><td class=\"c n x805 y385a wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws3ec\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x806 y385a w49d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws3ec\">13<span class=\"_ _458\"> </span></div></td><td class=\"c n x807 y385a w4fa h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws3ec\">15<span class=\"_ _458\"> </span></div></td><td class=\"c n x808 y385a w4fb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws3ec\">14<span class=\"_ _458\"> </span></div></td><td class=\"c n x809 y385a w4fc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws3ec\">300<span class=\"_ _458\"> </span></div></td><td class=\"c n x80a y385a w30d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws3ec\">133<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x80b y385b w4fd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x80c y385b w4fd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x80d y385b w17e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x80e y385b w43 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x80f y385b w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x810 y385b w183 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x811 y385b w47f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x812 y385b w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x803 y387a w4a1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3ee\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x813 y387a w45e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3ee\">(26)<span class=\"_ _458\"> </span></div></td><td class=\"c n x814 y387a w170 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3ee\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x815 y387a w1aa h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3ee\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x816 y387a wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3ee\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x817 y387a w3c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3ee\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x818 y387a w4fe h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3ee\">(104)<span class=\"_ _458\"> </span></div></td><td class=\"c n x819 y387a w254 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3ee\">(43)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x803 y385d w4ff h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3ef\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x81a y385d wc4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3ef\">16<span class=\"_ _458\"> </span></div></td><td class=\"c n x81b y385d w24f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3ef\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x81c y385d w500 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3ef\">12<span class=\"_ _458\"> </span></div></td><td class=\"c n x81d y385d w4c3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3ef\">15<span class=\"_ _458\"> </span></div></td><td class=\"c n x81e y385d w4fb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3ef\">14<span class=\"_ _458\"> </span></div></td><td class=\"c n x81f y385d w501 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3ef\">197<span class=\"_ _458\"> </span></div></td><td class=\"c n x820 y385d w502 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3ef\">90<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x821 y385e w17e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x822 y385e w43 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x823 y385e w43 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x824 y385e w17e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x825 y385e w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x826 y385e w183 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x827 y385e w503 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">22<span class=\"_ _458\"> </span></div></td><td class=\"c n x828 y385e w504 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">11<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x829 y387b w505 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3f1\">(55)<span class=\"_ _458\"> </span></div></td><td class=\"c n x82a y387b w506 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3f1\">(17)<span class=\"_ _458\"> </span></div></td><td class=\"c n x82b y387b w129 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3f1\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n x82c y387b w507 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3f1\">21<span class=\"_ _458\"> </span></div></td><td class=\"c n x82d y387b w508 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3f1\">16<span class=\"_ _458\"> </span></div></td><td class=\"c n x82e y387b w412 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3f1\">20<span class=\"_ _458\"> </span></div></td><td class=\"c n x82f y387b w509 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3f1\">(51)<span class=\"_ _458\"> </span></div></td><td class=\"c n x830 y387b w50a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3f1\">(14)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x821 y3860 w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws3f2\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x831 y3860 w2f9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws3f2\">(5)<span class=\"_ _458\"> </span></div></td><td class=\"c n x832 y3860 w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws3f2\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x833 y3860 w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws3f2\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x834 y3860 w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws3f2\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x835 y3860 w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws3f2\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x836 y3860 w2fa h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws3f2\">(9)<span class=\"_ _458\"> </span></div></td><td class=\"c n x837 y3860 w50b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws3f2\">(3)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x821 y3861 w80 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35f ws3f3\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x838 y3861 w17e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35f ws3f3\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x839 y3861 w98 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35f ws3f3\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x83a y3861 w17e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35f ws3f3\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x83b y3861 w17e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35f ws3f3\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x83c y3861 w319 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35f ws3f3\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x83d y3861 w50c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35f ws3f3\">13<span class=\"_ _458\"> </span></div></td><td class=\"c n x83e y3861 w50d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35f ws3f3\">6<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x829 y387c w50e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">(54)<span class=\"_ _458\"> </span></div></td><td class=\"c n x83f y387c w50f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">(6)<span class=\"_ _458\"> </span></div></td><td class=\"c n x840 y387c w510 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n x841 y387c w511 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">33<span class=\"_ _458\"> </span></div></td><td class=\"c n x842 y387c w512 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">31<span class=\"_ _458\"> </span></div></td><td class=\"c n x843 y387c w46b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">38<span class=\"_ _458\"> </span></div></td><td class=\"c n x844 y387c w513 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">172<span class=\"_ _458\"> </span></div></td><td class=\"c n x845 y387c w514 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">90<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x821 y3863 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3f5\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x846 y3863 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3f5\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x847 y3863 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3f5\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x848 y3863 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3f5\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x849 y3863 w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3f5\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x84a y3863 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3f5\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x84b y3863 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3f5\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x84c y3863 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3f5\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x829 y3864 w50e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">(54)<span class=\"_ _458\"> </span></div></td><td class=\"c n x83f y3864 w50f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">(6)<span class=\"_ _458\"> </span></div></td><td class=\"c n x840 y3864 w510 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n x841 y3864 w511 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">33<span class=\"_ _458\"> </span></div></td><td class=\"c n x842 y3864 w512 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">31<span class=\"_ _458\"> </span></div></td><td class=\"c n x843 y3864 w46b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">38<span class=\"_ _458\"> </span></div></td><td class=\"c n x844 y3864 w513 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">172<span class=\"_ _458\"> </span></div></td><td class=\"c n x845 y3864 w514 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">90<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x821 y387d w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x838 y387d w43 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x84d y387d w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x84e y387d w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x84f y387d w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x850 y387d w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x851 y387d w47f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x84c y387d w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x829 y3866 w50e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">(54)<span class=\"_ _458\"> </span></div></td><td class=\"c n x83f y3866 w50f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">(6)<span class=\"_ _458\"> </span></div></td><td class=\"c n x840 y3866 w510 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n x841 y3866 w511 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">33<span class=\"_ _458\"> </span></div></td><td class=\"c n x842 y3866 w512 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">31<span class=\"_ _458\"> </span></div></td><td class=\"c n x843 y3866 w46b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">38<span class=\"_ _458\"> </span></div></td><td class=\"c n x844 y3866 w172 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">173<span class=\"_ _458\"> </span></div></td><td class=\"c n x852 y3866 w515 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">90<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x829 y3867 w4d5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws3f6\">(27)<span class=\"_ _458\"> </span></div></td><td class=\"c n x853 y3867 w516 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws3f6\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x854 y3867 w517 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws3f6\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x855 y3867 w518 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws3f6\">16<span class=\"_ _458\"> </span></div></td><td class=\"c n x856 y3867 w34e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws3f6\">15<span class=\"_ _458\"> </span></div></td><td class=\"c n x857 y3867 w34e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws3f6\">18<span class=\"_ _458\"> </span></div></td><td class=\"c n x858 y3867 w519 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws3f6\">90<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td class=\"c n x821 y3868 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws3f7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x859 y3868 w51a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws3f7\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x85a y3868 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws3f7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x85b y3868 w51b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws3f7\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x85c y3868 w51c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws3f7\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n x85d y3868 w3ed h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws3f7\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n x85e y3868 w51d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws3f7\">74<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td class=\"c n x85f y386a w51e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws3f8\">759<span class=\"_ _458\"> </span></div></td><td class=\"c n x860 y386a w51f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws3f8\">855<span class=\"_ _458\"> </span></div></td><td class=\"c n x861 y386a w520 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws3f8\">419<span class=\"_ _458\"> </span></div></td><td class=\"c n x862 y386a w520 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws3f8\">164<span class=\"_ _458\"> </span></div></td><td class=\"c n x863 y386a w165 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws3f8\">215<span class=\"_ _458\"> </span></div></td><td class=\"c n x864 y386a w521 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws3f8\">219<span class=\"_ _458\"> </span></div></td><td class=\"c n x865 y386a w522 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws3f8\">7,351<span class=\"_ _458\"> </span></div></td><td class=\"c n x866 y386a w523 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws3f8\">3,325<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x821 y386b w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x838 y386b w43 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x84d y386b w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x84e y386b w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x84f y386b w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x850 y386b w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x867 y386b w524 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">232<span class=\"_ _458\"> </span></div></td><td class=\"c n x868 y386b w525 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">116<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x821 y386c w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x869 y386c w526 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">14<span class=\"_ _458\"> </span></div></td><td class=\"c n x86a y386c w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x86b y386c w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x86c y386c w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x86d y386c w527 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x86e y386c w528 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">41<span class=\"_ _458\"> </span></div></td><td class=\"c n x86f y386c w529 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">14<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x7f3 y386d w52a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3f9\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x870 y386d w40e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3f9\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x871 y386d w40e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3f9\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x872 y386d w5a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3f9\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x873 y386d w5a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3f9\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x874 y386d w52b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3f9\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x875 y386d w52c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3f9\">51<span class=\"_ _458\"> </span></div></td><td class=\"c n x876 y386d w4f0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3f9\">18<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x7f3 y386e w52d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fa\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n x877 y386e w52e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fa\">22<span class=\"_ _458\"> </span></div></td><td class=\"c n x878 y386e w382 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fa\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x879 y386e w52d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fa\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n x87a y386e w20c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fa\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n x87b y386e w1af h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fa\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x87c y386e w52f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fa\">228<span class=\"_ _458\"> </span></div></td><td class=\"c n x87d y386e w30b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fa\">108<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x85f y386f w530 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3fb\">767<span class=\"_ _458\"> </span></div></td><td class=\"c n x87e y386f w531 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3fb\">895<span class=\"_ _458\"> </span></div></td><td class=\"c n x87f y386f w532 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3fb\">427<span class=\"_ _458\"> </span></div></td><td class=\"c n x880 y386f w1b6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3fb\">171<span class=\"_ _458\"> </span></div></td><td class=\"c n x881 y386f w1fa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3fb\">224<span class=\"_ _458\"> </span></div></td><td class=\"c n x882 y386f w533 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3fb\">229<span class=\"_ _458\"> </span></div></td><td class=\"c n x883 y386f w534 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3fb\">7,903<span class=\"_ _458\"> </span></div></td><td class=\"c n x884 y386f w535 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3fb\">3,581<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x829 y3870 w536 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3fc\">(25)<span class=\"_ _458\"> </span></div></td><td class=\"c n x885 y3870 w537 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3fc\">(25)<span class=\"_ _458\"> </span></div></td><td class=\"c n x886 y3870 we9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3fc\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n x887 y3870 w538 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3fc\">(6)<span class=\"_ _458\"> </span></div></td><td class=\"c n x888 y3870 w539 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3fc\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x889 y3870 we9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3fc\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n x88a y3870 w2e8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3fc\">(239)<span class=\"_ _458\"> </span></div></td><td class=\"c n x88b y3870 w4f8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3fc\">(105)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x88c y3839 w45b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws3fd\">(126)<span class=\"_ _458\"> </span></div></td><td class=\"c n x88d y3839 w53a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws3fd\">(512)<span class=\"_ _458\"> </span></div></td><td class=\"c n x88e y3839 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws3fd\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x88f y3839 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws3fd\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x890 y3839 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws3fd\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x891 y3839 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws3fd\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x892 y3839 w53b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws3fd\">(2,327)<span class=\"_ _458\"> </span></div></td><td class=\"c n x893 y3839 w53c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws3fd\">(996)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x821 y365e wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fe\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x894 y365e w53d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fe\">(451)<span class=\"_ _458\"> </span></div></td><td class=\"c n x895 y365e w53e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fe\">(271)<span class=\"_ _458\"> </span></div></td><td class=\"c n x896 y365e w24f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fe\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x897 y365e wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fe\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x898 y365e w53f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fe\">(101)<span class=\"_ _458\"> </span></div></td><td class=\"c n x899 y365e w540 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fe\">(2,563)<span class=\"_ _458\"> </span></div></td><td class=\"c n x89a y365e w541 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fe\">(1,152)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x821 y383b w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3ff\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x89b y383b w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3ff\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x89c y383b w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3ff\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x89d y383b w542 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3ff\">(28)<span class=\"_ _458\"> </span></div></td><td class=\"c n x89e y383b w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3ff\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x89f y383b w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3ff\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8a0 y383b w543 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3ff\">(46)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8a1 y383b w544 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3ff\">(18)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x85f y3750 w545 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws400\">(151)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8a2 y3750 w546 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws400\">(988)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8a3 y3750 w547 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws400\">(279<span class=\"_ _1\"></span>)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8a4 y3750 w548 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws400\">(34)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8a5 y3750 web h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws400\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8a6 y3750 w549 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws400\">(109)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8a7 y3750 w54a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws400\">(5,175)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8a8 y3750 w54b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws400\">(2,271)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x829 y375a w54c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws401\">616<span class=\"_ _458\"> </span></div></td><td class=\"c n x8a9 y375a w54d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws401\">(93)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8aa y375a w54e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws401\">148<span class=\"_ _458\"> </span></div></td><td class=\"c n x8ab y375a w54f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws401\">137<span class=\"_ _458\"> </span></div></td><td class=\"c n x8ac y375a w179 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws401\">222<span class=\"_ _458\"> </span></div></td><td class=\"c n x8ad y375a w550 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws401\">120<span class=\"_ _458\"> </span></div></td><td class=\"c n x8ae y375a w551 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws401\">2,728<span class=\"_ _458\"> </span></div></td><td class=\"c n x8af y375a w16f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws401\">1,310<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x88c y3655 w552 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws402\">308<span class=\"_ _458\"> </span></div></td><td class=\"c n x8b0 y3655 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws402\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8b1 y3655 w553 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws402\">74<span class=\"_ _458\"> </span></div></td><td class=\"c n x8b2 y3655 w554 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws402\">69<span class=\"_ _458\"> </span></div></td><td class=\"c n x8b3 y3655 w555 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws402\">110<span class=\"_ _458\"> </span></div></td><td class=\"c n x8b4 y3655 w556 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws402\">61<span class=\"_ _458\"> </span></div></td><td class=\"c n x8b5 y3655 w557 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws402\">1,334<span class=\"_ _458\"> </span></div></td><td></td></tr></table>The borrowings of joint ventures and their subsidiaries <span class=\"ls360 ws2cb\">are non-recourse to the Group. All joint ventures are<span class=\"_ _458\"> </span></span>incorporated in the United Kingdom, wi<span class=\"_ _d\"></span><span class=\"ws257\">th <span class=\"_ _1\"></span>the exception of Broadgate REIT Limi<span class=\"_ _6\"></span><span class=\"ls26f ws284\">ted, Eden Walk Shopping Centre Unit<span class=\"_ _458\"> </span></span></span>Trust and Southgate Property Unit Trust which are incorpor<span class=\"_ _1\"></span>ated in Jersey.<span class=\"_ _458\"> </span>These financial statements include the results and financial <span class=\"ls299 ws2a3\">position of the Group\u2019s interest in BL Goodman <span class=\"_ _6\"></span>Limited<span class=\"_ _458\"> </span></span>Partnership. Accordingly, advantage has been taken of the <span class=\"ls27d ws292\">exemptions provided by Regu<span class=\"ls272 ws287\">lation 7 of the Partnership<span class=\"_ _458\"> </span></span></span>(Accounts) Regulations 2008 not to attach the partnership acco<span class=\"_ _1\"></span>unts to these financial statements.<span class=\"_ _458\"> </span>The summarised income<span class=\"_ _6\"></span> statements and balance sh<span class=\"_ _6\"></span>eets below and on the followin<span class=\"_ _6\"></span>g page show 100% <span class=\"_ _6\"></span>of the results,<span class=\"_ _458\"> </span>assets and liabilities of joint ventures to the nearest million.<span class=\"_ _458\"> </span>Joint ventures\u2019 summary financial st<span class=\"ls32e ws368\">atements as at 31 M<span class=\"_ _6\"></span>arch 2024</span><table class=\"s w558 h1fc\" id=\"_b83c835b-e310-4b3f-8a15-ab03f54cb2b3\"><tr><td class=\"t m0 x20e hbf y387e ff43 fsaf fc18 sc0 ls248 ws249\">See page 174 for additional information on each<span class=\"_ _6\"></span> joint venture </td><td class=\"t m0 x1cb h19e y387f ff43 fs150 fc18 sc0 ls355 ws1\">Broadgate </td><td class=\"c x8b7 y3880 w559 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls325 ws1\">Meadowhall</div><div class=\"t m0 x8b6 h72 y3625 ff43 fs63 fc18 sc0 ls1 ws1\">1</div></td><td class=\"t m0 x768 h19e y3881 ff43 fs150 fc18 sc0 ls356 ws3d3\"> WOSC </td><td class=\"t m0 x769 h19e y3882 ff43 fs150 fc18 sc0 ls341 ws3d4\">BL West End </td></tr><tr><td class=\"c n x1dc y3883 w55a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls361 ws403\">Grou<span class=\"_ _6\"></span>p <span class=\"_ _241\"></span>share<span class=\"_ _458\"> </span></div></td><td class=\"c n x8b8 y3883 w55b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls361 ws403\">50%<span class=\"_ _458\"> </span></div></td><td class=\"c n x8b9 y3883 w55b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls361 ws403\">50%<span class=\"_ _458\"> </span></div></td><td class=\"c n x8ba y3883 w55c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls361 ws403\">25%<span class=\"_ _458\"> </span></div></td><td class=\"c n x8bb y3883 w55d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls361 ws403\">2<span class=\"_ _6\"></span>5%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3884 ff42 fs151 fc18 sc0 ls217 ws22a\">Summarised income statements <span class=\"_ _78\"> </span><span class=\"ff43 ls3db ws610\"> <span class=\"_ _43d\"></span> <span class=\"_ _43d\"></span> </span><span class=\"ff43 ls3db ws610\"><span class=\"_ _43d\"></span> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1dc y3885 w55e h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">Revenue</div><div class=\"t m0 x371 h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x76f y3885 w55f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws404\">254<span class=\"_ _458\"> </span></div></td><td class=\"c n x8bc y3885 w560 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws404\">86<span class=\"_ _458\"> </span></div></td><td class=\"c n x8bd y3885 w561 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws404\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n x8be y3885 w562 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws404\">28<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3886 w48f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws1\">Costs<span class=\"_ _458\"> </span></div></td><td class=\"c n x8bf y3886 w563 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws405\">(88)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c0 y3886 w564 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws405\">(16)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c1 y3886 w565 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws405\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c2 y3886 w566 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws405\">(8)<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x777 y3887 w567 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws406\">166<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c3 y3887 w568 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws406\">70<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c4 y3887 w477 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws406\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n x2dd y3887 w569 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws406\">20<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3888 w56a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws407\">Administrative <span class=\"_ _2d6\"></span>expenses<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c5 y3888 w56b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws407\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c6 y3888 w183 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws407\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c7 y3888 w1b0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws407\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c8 y3888 w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws407\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3889 w56c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Net interest payable<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c9 y3889 w56d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">(68)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8ca y3889 w56e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">(23)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8cb y3889 w9c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x2b1 y3889 w56f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">(6)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y388a w570 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">Underlying Profit<span class=\"_ _458\"> </span></div></td><td class=\"c n x8cc y388a w571 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">97<span class=\"_ _458\"> </span></div></td><td class=\"c n x8cd y388a w572 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">47<span class=\"_ _458\"> </span></div></td><td class=\"c n x8ce y388a w573 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n x72a y388a w574 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">14<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y388b w575 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Net valuation movements on property<span class=\"_ _458\"> </span></div></td><td class=\"c n x8cf y388b w576 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(258)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8d0 y388b w577 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">24<span class=\"_ _458\"> </span></div></td><td class=\"c n x8d1 y388b w3aa h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(14)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8d2 y388b w578 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(19)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y388c w579 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Capital financing (charges) in<span class=\"_ _1\"></span>come<span class=\"_ _458\"> </span></div></td><td class=\"c n x8d3 y388c w57a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">(9)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8d4 y388c w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8d5 y388c w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8d6 y388c w1b0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y388d ff43 fs151 fc18 sc0 ls20d ws216\">(Loss) profit on disposal of in<span class=\"_ _1\"></span>vestment properties </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y388e ff43 fs151 fc18 sc0 ls252 ws340\">and investments </td><td class=\"c n x8d7 y388f w1a5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws408\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8d8 y388f w57b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws408\">12<span class=\"_ _458\"> </span></div></td><td class=\"c n x8d9 y388f w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws408\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8da y388f w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws408\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3890 w57c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws25f\">(Loss) profit before<span class=\"_ _1\"></span> ta<span class=\"ws409\">xation<span class=\"_ _458\"> </span></span></div></td><td class=\"c n x8db y3890 w57d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws409\">(171)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8dc y3890 w57e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws409\">83<span class=\"_ _458\"> </span></div></td><td class=\"c n x8dd y3890 w57f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws409\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8de y3890 w580 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws409\">(5)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3891 w4aa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws1\">Taxation<span class=\"_ _458\"> </span></div></td><td class=\"c n x79b y3891 w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws40a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8df y3891 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws40a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8e0 y3891 w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws40a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8e1 y3891 w581 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws40a\">(2)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3892 w582 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws20f\">(Loss) profit after taxation<span class=\"_ _458\"> </span></div></td><td class=\"c n x8e2 y3892 w583 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws20f\">(171)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8e3 y3892 w584 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws20f\">83<span class=\"_ _458\"> </span></div></td><td class=\"c n x8e4 y3892 w14f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws20f\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8e5 y3892 w585 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws20f\">(7)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3893 w586 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Other comprehensive income (expense)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8e6 y3893 w39c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x8e7 y3893 w47a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8e8 y3893 w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8e9 y3893 wa1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">(3)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3894 w587 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws3c8\">Total comprehensive (expense) <span class=\"ls20c ws215\">income<span class=\"_ _458\"> </span></span></div></td><td class=\"c n x8ea y3894 w588 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20c ws215\">(168)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8eb y3894 w589 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20c ws215\">81<span class=\"_ _458\"> </span></div></td><td class=\"c n x8ec y3894 w12a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20c ws215\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8ed y3894 w58a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20c ws215\">(10)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3895 w58b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">British Land share of total comprehensiv<span class=\"ls21a ws1\">e (expense) income<span class=\"_ _458\"> </span></span></div></td><td class=\"c n x8ee y3895 w58c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21a ws1\">(84)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8ef y3895 w58d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21a ws1\">41<span class=\"_ _458\"> </span></div></td><td class=\"c n x8f0 y3895 w58e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21a ws1\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x2e5 y3895 w58f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21a ws1\">(3)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3896 ff42 fs151 fc18 sc0 ls205 ws20b\">British Land share of distributions payable </td><td class=\"t m0 x6e4 h19f y3897 ff42 fs151 fc18 sc0 ls213 ws1\">46 </td><td class=\"t m0 x8f1 h19f y3896 ff42 fs151 fc18 sc0 ls202 ws1\">5 </td><td class=\"c n x8f2 y3898 w590 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21f ws40b\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x8f3 y3898 w3e8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21f ws40b\">3<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3899 ff42 fs151 fc18 sc0 ls216 ws26b\">Summarised balance sheets <span class=\"_ _260\"> </span><span class=\"ff43 ls3db ws610\"> <span class=\"_ _43d\"></span> <span class=\"_ _43d\"></span> </span><span class=\"ff43 ls3db ws610\"><span class=\"_ _43d\"></span> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y389a w591 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Investment and trading properties<span class=\"_ _458\"> </span></div></td><td class=\"c n x8f4 y389a w4b5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">4,151<span class=\"_ _458\"> </span></div></td><td class=\"c n x8f5 y389a w592 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">729<span class=\"_ _458\"> </span></div></td><td class=\"c n x8f6 y389a w593 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">123<span class=\"_ _458\"> </span></div></td><td class=\"c n x8f7 y389a w594 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">446<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y389b w595 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Other non-current assets<span class=\"_ _458\"> </span></div></td><td class=\"c n x8f8 y389b w2fe h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">24<span class=\"_ _458\"> </span></div></td><td class=\"c n x8f9 y389b w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8fa y389b w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8fb y389b w596 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">17<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y389c w597 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws40c\">Current <span class=\"_ _2cf\"></span>assets<span class=\"_ _458\"> </span></div></td><td class=\"c n x8fc y389c w598 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws40c\">32<span class=\"_ _458\"> </span></div></td><td class=\"c n x8fd y389c w599 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws40c\">22<span class=\"_ _458\"> </span></div></td><td class=\"c n x8fe y389c w192 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws40c\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x8ff y389c w192 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws40c\">2<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y389d w4c6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">Cash and cash equivalents<span class=\"_ _458\"> </span></div></td><td class=\"c n x900 y389d w59a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">184<span class=\"_ _458\"> </span></div></td><td class=\"c n x901 y389d w59b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">59<span class=\"_ _458\"> </span></div></td><td class=\"c n x2ed y389d w59c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x902 y389d w59d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">13<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y389e w59e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls213 ws25c\">Gross assets<span class=\"_ _458\"> </span></div></td><td class=\"c n x903 y389e w59f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls213 ws25c\">4,391<span class=\"_ _458\"> </span></div></td><td class=\"c n x904 y389e w5a0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls213 ws25c\">810<span class=\"_ _458\"> </span></div></td><td class=\"c n x905 y389e w422 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls213 ws25c\">130<span class=\"_ _458\"> </span></div></td><td class=\"c n x906 y389e w5a1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls213 ws25c\">478<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y389f w5a2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Current liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n x907 y389f w5a3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">(142)<span class=\"_ _458\"> </span></div></td><td class=\"c n x908 y389f w163 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">(52)<span class=\"_ _458\"> </span></div></td><td class=\"c n x909 y389f w5a4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">(5)<span class=\"_ _458\"> </span></div></td><td class=\"c n x90a y389f w592 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">(13)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38a0 w5a5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Bank and securitised debt<span class=\"_ _458\"> </span></div></td><td class=\"c n x90b y38a0 w5a6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">(1,565)<span class=\"_ _458\"> </span></div></td><td class=\"c n x90c y38a0 w5a7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">(443)<span class=\"_ _458\"> </span></div></td><td class=\"c n x90d y38a0 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x90e y38a0 w5a8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">(159)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38a1 w5a9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Loans from joint venture partners<span class=\"_ _458\"> </span></div></td><td class=\"c n x7ce y38a1 w5aa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">(1,268)<span class=\"_ _458\"> </span></div></td><td class=\"c n x90f y38a1 w5ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">(638)<span class=\"_ _458\"> </span></div></td><td class=\"c n x910 y38a1 w63 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">(58)<span class=\"_ _458\"> </span></div></td><td class=\"c n x911 y38a1 w5ac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">(15)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38a2 w5ad h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Other non-current liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n x912 y38a2 w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x913 y38a2 w5ae h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n x914 y38a2 w5af h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x915 y38a2 w5b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">(15)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38a3 w5b1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls220 ws254\">Gross liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n x916 y38a3 w5b2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls220 ws254\">(2,975)<span class=\"_ _458\"> </span></div></td><td class=\"c n x917 y38a3 w5b3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls220 ws254\">(1,136)<span class=\"_ _458\"> </span></div></td><td class=\"c n x918 y38a3 w5b4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls220 ws254\">(67)<span class=\"_ _458\"> </span></div></td><td class=\"c n x919 y38a3 w5b5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls220 ws254\">(202)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38a4 w4dd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws219\">Net assets (liabilities)<span class=\"_ _458\"> </span></div></td><td class=\"c n x91a y38a4 w5b6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws219\">1,416<span class=\"_ _458\"> </span></div></td><td class=\"c n x91b y38a4 w3ce h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws219\">(326)<span class=\"_ _458\"> </span></div></td><td class=\"c n x91c y38a4 w5b7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws219\">63<span class=\"_ _458\"> </span></div></td><td class=\"c n x91d y38a4 w5b8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws219\">276<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3655 w5b9 h1d6\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21f ws237\">British Land share of net assets less shareholder loans</div><div class=\"t m0 x7e1 h1a0 y362c ff42 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x91e y3655 w5ba h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls35e ws40d\">708<span class=\"_ _458\"> </span></div></td><td class=\"c n x91f y3655 w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls35e ws40d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x920 y3655 w5bb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls35e ws40d\">16<span class=\"_ _458\"> </span></div></td><td class=\"c n x921 y3655 w5bc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls35e ws40d\">69<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>In accordance with the Group\u2019s accounting <span class=\"ls1 ws48\">policies detailed in Note 1, the Group recognises a n<span class=\"_ _6\"></span>il equity investment in joint<span class=\"ls230 ws264\"> ventures<span class=\"_ _458\"> </span></span></span>in a net liability position at year end.<span class=\"_ _458\"> </span>2. Included in the column headed <span class=\"_ _6\"></span>\u2018Other joint ventures\u2019 are cont<span class=\"ls26a ws27f\">ribu<span class=\"_ _6\"></span>tions from the following<span class=\"_ _6\"></span>: BL<span class=\"ls248 ws249\"> Goodman Limited Partnership,<span class=\"_ _458\"> </span></span></span>Bluebutton Property Management UK Limited<span class=\"_ _d\"></span>, City of London Office Un<span class=\"ls225 ws244\">it Trust, Reading Gate<span class=\"_ _6\"></span> Retail Park Co-Ownership, Ede<span class=\"_ _6\"></span>n Walk<span class=\"_ _458\"> </span></span>Shopping Centre Unit Trust and Whitel<span class=\"ls19f ws260\">ey Shopping Centre<span class=\"_ _6\"></span> Unit Trust.<span class=\"_ _458\"> </span></span>3. Revenue includes gross rental i<span class=\"_ _6\"></span>ncome at <span class=\"ls22e ws8b\">100% share of \u00a3375m (2022/23: \u00a3359m). <span class=\"_ _ab\"> </span></span><table class=\"s w5bd h1fd\" id=\"_4bda26a0-dfe1-489e-862b-b7d9fa02557c\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x923 h19e y38a5 ff42 fs150 fc18 sc0 ls1f4 ws1\">Total </td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x924 h19e y38a6 ff43 fs150 fc18 sc0 ls1fb ws2fb\">Hercules Unit </td><td class=\"t m0 x925 h19e y38a6 ff43 fs150 fc18 sc0 ls1fe ws2e8\">Other joint </td><td class=\"t m0 x926 h19e y38a6 ff42 fs150 fc18 sc0 ls1f4 ws1\">Total </td><td class=\"t m0 x927 h19e y38a7 ff42 fs150 fc18 sc0 ls1ff ws2fd\"> Group share </td></tr><tr><td class=\"t m0 x928 h19e y38a8 ff43 fs150 fc18 sc0 ls335 ws3b0\">Canada Water </td><td class=\"c x92a y38a9 w5be h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls259 ws1\">Paddington</div><div class=\"t m0 x929 h72 y3625 ff43 fs63 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x92b y38aa w5bf h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fd ws302\">1 Triton Square<span class=\"_ _458\"> </span></div></td><td class=\"c n x92c y38aa w5c0 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fd ws302\">SouthGate<span class=\"_ _458\"> </span></div></td><td class=\"t m0 x92d h19e y38a8 ff43 fs150 fc18 sc0 ls25e ws315\">Trust JV </td><td class=\"c x92e y38aa w5c1 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2ef ws1\">ventures</div><div class=\"t m0 x7ec h72 y3625 ff43 fs63 fc18 sc0 ls1 ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"t m0 x926 h19e y38a8 ff42 fs150 fc18 sc0 ls1f4 ws1\">2024 </td><td class=\"t m0 x923 h19e y38ab ff42 fs150 fc18 sc0 ls1f4 ws1\">2024 </td></tr><tr><td class=\"c n x92f y38ac w5c2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls362 ws40e\">50%<span class=\"_ _458\"> </span></div></td><td class=\"c n x930 y38ac w5c3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls362 ws40e\">25%<span class=\"_ _458\"> </span></div></td><td class=\"c n x931 y38ac w56d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls362 ws40e\">5<span class=\"_ _6\"></span>0%<span class=\"_ _458\"> </span></div></td><td class=\"c n x932 y38ac w56d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls362 ws40e\">50<span class=\"_ _6\"></span>%<span class=\"_ _458\"> </span></div></td><td class=\"c n x933 y38ac w5c4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls362 ws40e\">Vario<span class=\"_ _6\"></span>us<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x934 y3885 w5c5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws40f\">9<span class=\"_ _458\"> </span></div></td><td class=\"c n x935 y3885 w5c6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws40f\">51<span class=\"_ _458\"> </span></div></td><td class=\"c n x936 y3885 w5c7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws40f\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x937 y3885 w5c8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws40f\">16<span class=\"_ _458\"> </span></div></td><td class=\"c n x938 y3885 w5c9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws40f\">18<span class=\"_ _458\"> </span></div></td><td class=\"c n x939 y3885 w5c9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws40f\">18<span class=\"_ _458\"> </span></div></td><td class=\"c n x93a y3885 w5ca h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws40f\">489<span class=\"_ _458\"> </span></div></td><td class=\"c n x93b y3885 w5cb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws40f\">222<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x93c y38ad w5cc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws410\">(7)<span class=\"_ _458\"> </span></div></td><td class=\"c n x93d y38ad w5cd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws410\">(13)<span class=\"_ _458\"> </span></div></td><td class=\"c n x93e y38ad w237 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws410\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x93f y38ad w5ce h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws410\">(5)<span class=\"_ _458\"> </span></div></td><td class=\"c n x940 y38ad w5cf h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws410\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x941 y38ad w5d0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws410\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x942 y38ad w5d1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws410\">(146)<span class=\"_ _458\"> </span></div></td><td class=\"c n x943 y38ad w45e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws410\">(67)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x934 y3887 w192 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws411\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x944 y3887 w33c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws411\">38<span class=\"_ _458\"> </span></div></td><td class=\"c n x945 y3887 w236 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws411\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x946 y3887 w5d2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws411\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n x947 y3887 w5d3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws411\">16<span class=\"_ _458\"> </span></div></td><td class=\"c n x948 y3887 w5d4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws411\">14<span class=\"_ _458\"> </span></div></td><td class=\"c n x949 y3887 w5d5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws411\">343<span class=\"_ _458\"> </span></div></td><td class=\"c n x94a y3887 w30d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws411\">155<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x94b y3888 w5d6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws412\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x94c y3888 w237 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws412\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x94d y3888 w24f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws412\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x94e y3888 wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws412\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x94f y3888 w238 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws412\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x950 y3888 w5d7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws412\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x951 y3888 w5d8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws412\">(5)<span class=\"_ _458\"> </span></div></td><td class=\"c n x952 y3888 w5d9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws412\">(2)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x953 y38ae w5a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws413\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x954 y38ae w5da h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws413\">(26)<span class=\"_ _458\"> </span></div></td><td class=\"c n x955 y38ae wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws413\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x956 y38ae w40b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws413\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x957 y38ae wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws413\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x958 y38ae wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws413\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x959 y38ae w5db h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws413\">(123)<span class=\"_ _458\"> </span></div></td><td class=\"c n x95a y38ae w5dc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws413\">(53)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x934 y38af w52a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws414\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x95b y38af w5dd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws414\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n x95c y38af w24f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws414\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x95d y38af w5de h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws414\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n x95e y38af w4fa h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws414\">15<span class=\"_ _458\"> </span></div></td><td class=\"c n x95f y38af w49d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws414\">13<span class=\"_ _458\"> </span></div></td><td class=\"c n x960 y38af w5df h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws414\">215<span class=\"_ _458\"> </span></div></td><td class=\"c n x961 y38af w5e0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws414\">100<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x962 y388b w24c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws415\">(89)<span class=\"_ _458\"> </span></div></td><td class=\"c n x963 y388b w5e1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws415\">(36)<span class=\"_ _458\"> </span></div></td><td class=\"c n x964 y388b w47d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws415\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x965 y388b w24f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws415\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x966 y388b w20c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws415\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n x967 y388b w5e2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws415\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x968 y388b w5e3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws415\">(390)<span class=\"_ _458\"> </span></div></td><td class=\"c n x969 y388b w5e4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws415\">(179)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x953 y38b0 w4a1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws416\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x96a y38b0 w1a9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws416\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x96b y38b0 wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws416\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x96c y38b0 w3c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws416\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x96d y38b0 w3c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws416\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x96e y38b0 w9c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws416\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x96f y38b0 w5e5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws416\">(10)<span class=\"_ _458\"> </span></div></td><td class=\"c n x970 y38b0 w4ce h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws416\">(5)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x971 y38b1 w80 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws417\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x972 y38b1 w17e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws417\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x973 y38b1 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws417\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x974 y38b1 w80 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws417\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x975 y38b1 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws417\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x976 y38b1 wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws417\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x977 y38b1 w5e6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws417\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n x978 y38b1 w5e7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws417\">5<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x962 y3890 w5e8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls211 ws418\">(86)<span class=\"_ _458\"> </span></div></td><td class=\"c n x979 y3890 w61 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls211 ws418\">(27)<span class=\"_ _458\"> </span></div></td><td class=\"c n x97a y3890 w5e9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls211 ws418\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x97b y3890 w5ea h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls211 ws418\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n x97c y3890 w5eb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls211 ws418\">23<span class=\"_ _458\"> </span></div></td><td class=\"c n x97d y3890 w5ec h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls211 ws418\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n x97e y3890 w5ed h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls211 ws418\">(174)<span class=\"_ _458\"> </span></div></td><td class=\"c n x97f y3890 w5ee h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls211 ws418\">(79)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x971 y38b2 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws419\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x980 y38b2 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws419\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x981 y38b2 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws419\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x982 y38b2 w43 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws419\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x983 y38b2 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws419\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x984 y38b2 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws419\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x985 y38b2 w5ef h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws419\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x986 y38b2 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws419\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x962 y3892 w5f0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls252 ws41a\">(86)<span class=\"_ _458\"> </span></div></td><td class=\"c n x987 y3892 w5f1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls252 ws41a\">(27)<span class=\"_ _458\"> </span></div></td><td class=\"c n x988 y3892 w5f2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls252 ws41a\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x989 y3892 w5f3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls252 ws41a\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n x98a y3892 w5f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls252 ws41a\">23<span class=\"_ _458\"> </span></div></td><td class=\"c n x98b y3892 w5f5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls252 ws41a\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n x98c y3892 w5f6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls252 ws41a\">(176)<span class=\"_ _458\"> </span></div></td><td class=\"c n x98d y3892 w5f7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls252 ws41a\">(79)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x971 y38b3 w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws41b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x980 y38b3 w98 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws41b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x981 y38b3 w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws41b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x982 y38b3 w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws41b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x983 y38b3 w527 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws41b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x984 y38b3 w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws41b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x985 y38b3 w5f8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws41b\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x98e y38b3 w5f9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws41b\">(1)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x962 y38b4 w5fa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws41c\">(86)<span class=\"_ _458\"> </span></div></td><td class=\"c n x98f y38b4 w5fb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws41c\">(27)<span class=\"_ _458\"> </span></div></td><td class=\"c n x990 y38b4 w5e9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws41c\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x991 y38b4 w5fc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws41c\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n x992 y38b4 w5fd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws41c\">23<span class=\"_ _458\"> </span></div></td><td class=\"c n x993 y38b4 w5fe h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws41c\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n x994 y38b4 w5ff h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws41c\">(178)<span class=\"_ _458\"> </span></div></td><td class=\"c n x995 y38b4 w600 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws41c\">(80)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x962 y3895 w601 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20d ws41d\">(43)<span class=\"_ _458\"> </span></div></td><td class=\"c n x996 y3895 w602 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20d ws41d\">(7)<span class=\"_ _458\"> </span></div></td><td class=\"c n x997 y3895 w603 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20d ws41d\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x998 y3895 w343 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20d ws41d\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x999 y3895 w428 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20d ws41d\">12<span class=\"_ _458\"> </span></div></td><td class=\"c n x99a y3895 w429 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20d ws41d\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x99b y3895 w604 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20d ws41d\">(80)<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td class=\"c n x971 y38b5 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls218 ws41e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x972 y38b5 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls218 ws41e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x99c y38b5 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls218 ws41e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"t m0 x99d h19f y38b6 ff42 fs151 fc18 sc0 ls202 ws1\">5 </td><td class=\"c n x99e y38b5 w3ed h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws41f\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n x99f y38b5 w605 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws41f\">9<span class=\"_ _458\"> </span></div></td><td class=\"c n x9a0 y38b5 w606 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws41f\">77<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td class=\"c n x9a1 y389a w607 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws420\">677<span class=\"_ _458\"> </span></div></td><td class=\"c n x9a2 y389a w267 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws420\">861<span class=\"_ _458\"> </span></div></td><td class=\"c n x9a3 y389a w608 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws420\">381<span class=\"_ _458\"> </span></div></td><td class=\"c n x9a4 y389a w609 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws420\">140<span class=\"_ _458\"> </span></div></td><td class=\"c n x9a5 y389a w60a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws420\">196<span class=\"_ _458\"> </span></div></td><td class=\"c n x9a6 y389a w60b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws420\">198<span class=\"_ _458\"> </span></div></td><td class=\"c n x9a7 y389a w60c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws420\">7,902<span class=\"_ _458\"> </span></div></td><td class=\"c n x9a8 y389a w60d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws420\">3,593<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x971 y38b7 w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws421\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9a9 y38b7 w60e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws421\">21<span class=\"_ _458\"> </span></div></td><td class=\"c n x9aa y38b7 w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws421\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ab y38b7 w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws421\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ac y38b7 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws421\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ad y38b7 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws421\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ae y38b7 w60f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws421\">62<span class=\"_ _458\"> </span></div></td><td class=\"c n x9af y38b7 w610 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws421\">21<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x934 y389c w221 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws422\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x9b0 y389c w611 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws422\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n x9b1 y389c w612 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws422\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x9b2 y389c w81 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws422\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x9b3 y389c w613 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws422\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9b4 y389c w221 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws422\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x9b5 y389c w4ee h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws422\">79<span class=\"_ _458\"> </span></div></td><td class=\"c n x9b6 y389c w614 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws422\">34<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x93c y389d wcc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws423\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n x9b7 y389d w615 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws423\">27<span class=\"_ _458\"> </span></div></td><td class=\"c n x9b8 y389d w20c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws423\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n x9b9 y389d w616 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws423\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ba y389d w617 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws423\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n x9bb y389d w618 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws423\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n x9bc y389d w41e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws423\">327<span class=\"_ _458\"> </span></div></td><td class=\"c n x9bd y389d w619 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws423\">152<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x9be y38b8 w61a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws424\">692<span class=\"_ _458\"> </span></div></td><td class=\"c n x9bf y38b8 w61b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws424\">915<span class=\"_ _458\"> </span></div></td><td class=\"c n x9c0 y38b8 w61c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws424\">393<span class=\"_ _458\"> </span></div></td><td class=\"c n x9c1 y38b8 w61d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws424\">145<span class=\"_ _458\"> </span></div></td><td class=\"c n x9c2 y38b8 w61e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws424\">20<span class=\"ls201 ws425\">7<span class=\"_ _458\"> </span></span></div></td><td class=\"c n x9c3 y38b8 w61f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls201 ws425\">209<span class=\"_ _458\"> </span></div></td><td class=\"c n x9c4 y38b8 w620 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls201 ws425\">8,370<span class=\"_ _458\"> </span></div></td><td class=\"c n x9c5 y38b8 w621 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls201 ws425\">3,800<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x9a1 y38b9 w622 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws426\">(40)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9c6 y38b9 w601 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws426\">(30)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9c7 y38b9 w4f7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws426\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9c8 y38b9 w623 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws426\">(7)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9c9 y38b9 w5d0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws426\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ca y38b9 w12a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws426\">(9)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9cb y38b9 w624 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws426\">(305)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9cc y38b9 w625 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws426\">(138)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x962 y38a0 w626 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws427\">(85)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9cd y38a0 w627 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws427\">(511)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ce y38a0 w170 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws427\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9cf y38a0 w170 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws427\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9d0 y38a0 w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws427\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9d1 y38a0 w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws427\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9d2 y38a0 w628 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws427\">(2,763)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9d3 y38a0 w629 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws427\">(1,214)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x971 y38ba wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws428\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9d4 y38ba w62a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws428\">(455)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9d5 y38ba w62b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws428\">(232)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9d6 y38ba wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws428\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9d7 y38ba w5b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws428\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9d8 y38ba w53f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws428\">(101)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9d9 y38ba w62c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws428\">(2,767)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9da y38ba w62d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws428\">(1,252)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x971 y38bb w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws429\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9db y38bb w62e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws429\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9dc y38bb w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws429\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9dd y38bb w62f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws429\">(28)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9de y38bb w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws429\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9df y38bb w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws429\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9e0 y38bb w630 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws429\">(51)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9e1 y38bb w32 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws429\">(19)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x9e2 y38bc w441 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42a\">(125)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9e3 y38bc w631 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42a\">(997)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9e4 y38bc w632 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42a\">(235)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9e5 y38bc w633 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42a\">(35)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9e6 y38bc w634 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42a\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9e7 y38bc w635 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42a\">(110)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9e8 y38bc w636 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42a\">(5,886)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9e9 y38bc w637 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42a\">(2,623)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x9a1 y38a4 w638 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws42b\">567<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ea y38a4 w639 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws42b\">(82)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9eb y38a4 w63a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws42b\">158<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ec y38a4 w63b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws42b\">110<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ed y38a4 w5ba h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws42b\">203<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ee y38a4 w63c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws42b\">99<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ef y38a4 w63d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws42b\">2,484<span class=\"_ _458\"> </span></div></td><td class=\"c n x9f0 y38a4 w63e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws42b\">1,177<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x9a1 y3655 w63f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42c\">283<span class=\"_ _458\"> </span></div></td><td class=\"c n x9f1 y3655 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9f2 y3655 w640 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42c\">79<span class=\"_ _458\"> </span></div></td><td class=\"c n x9f3 y3655 w641 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42c\">55<span class=\"_ _458\"> </span></div></td><td class=\"c n x9f4 y3655 w642 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42c\">102<span class=\"_ _458\"> </span></div></td><td class=\"c n x9f5 y3655 w643 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42c\">50<span class=\"_ _458\"> </span></div></td><td class=\"c n x9f6 y3655 w644 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42c\">1,362<span class=\"_ _458\"> </span></div></td><td></td></tr></table>The borrowings of joint ventures and their subsidiaries <span class=\"ls360 ws2cb\">are non-recourse to the Group. All joint ventures are<span class=\"_ _458\"> </span></span>incorporated in the United Kingdom, wi<span class=\"_ _d\"></span><span class=\"ws257\">th <span class=\"_ _1\"></span>the exception of Broadgate REIT Limi<span class=\"_ _6\"></span><span class=\"ls26f ws284\">ted, Eden Walk Shopping Centre Unit<span class=\"_ _458\"> </span></span></span>Trust and Southgate Property Unit Trust which are incorporated in Jers<span class=\"_ _1\"></span>ey. These financial statements include the results and financial <span class=\"ls299 ws2a3\">position of the Group\u2019s interest in BL Goodman <span class=\"_ _6\"></span>Limited<span class=\"_ _458\"> </span></span>Partnership. Accordingly, advantage has been taken of the <span class=\"ls27d ws292\">exemptions provided by Regu<span class=\"ls272 ws287\">lation 7 of the Partnership<span class=\"_ _458\"> </span></span></span>(Accounts) Regulations 2008 not to attach the partnership acco<span class=\"_ _1\"></span>unts to these financial statements.<span class=\"_ _458\"> </span>Summary of joint venture details<table class=\"s w645 h1fe\" id=\"_f8012ef1-6d9e-44f6-ab37-368dbaf86cae\"><tr><td class=\"c n x1dc y38bd w646 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fb ws2ea\">Joint venture<span class=\"_ _458\"> </span></div></td><td class=\"c n x9f7 y38bd w647 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fb ws2ea\">Name<span class=\"_ _458\"> </span></div></td><td class=\"c n x9f8 y38bd w648 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fb ws2ea\">Partner<span class=\"_ _458\"> </span></div></td><td class=\"c n x9f9 y38bd w649 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fb ws2ea\">Property sector<span class=\"_ _458\"> </span></div></td><td class=\"c n x9fa y38bd w64a h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fb ws2ea\">Group share<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38be w64b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Broadgate REIT Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n x9fb y38be w64c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Broadgate<span class=\"_ _458\"> </span></div></td><td class=\"c n x9fc y38be w64d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Euro <span class=\"ls20d ws22a\">Bluebell L<span class=\"_ _1\"></span>LP (GIC)<span class=\"_ _458\"> </span></span></div></td><td class=\"c n x9fd y38be w64e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws22a\">City Campu<span class=\"_ _1\"></span>ses<span class=\"_ _458\"> </span></div></td><td class=\"c n x9fe y38be w64f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws22a\">50%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y38bf ff43 fs151 fc18 sc0 ls206 ws42d\">MSC Property Intermediate Holdings  </td><td class=\"c n x9ff y38c0 w650 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws42e\">Meadowhall<span class=\"_ _458\"> </span></div></td><td class=\"c n xa00 y38c0 w651 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws42e\">Norges <span class=\"_ _2b2\"></span>Bank <span class=\"_ _2b2\"></span>Investment<span class=\"_ _458\"> </span></div></td><td class=\"c n xa01 y38c0 w652 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws24f\">Shopping Centre<span class=\"_ _458\"> </span></div></td><td class=\"c xa03 y38c0 w653 h1d0\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws24f\">0%</div><div class=\"t m0 xa02 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y38c1 ff43 fs151 fc18 sc0 ls242 ws1\">Limited </td><td></td><td class=\"t m0 xa04 h19f y38c2 ff43 fs151 fc18 sc0 ls252 ws1\">Management </td><td></td><td></td></tr><tr><td class=\"c n x1dc y38c3 w654 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">WOSC Partners Limited Partnership<span class=\"_ _458\"> </span></div></td><td class=\"c n xa05 y38c3 w655 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">WOSC<span class=\"_ _458\"> </span></div></td><td class=\"c n xa06 y38c3 w656 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Norges Bank Investment<span class=\"_ _458\"> </span></div></td><td class=\"c n xa01 y38c3 w657 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws339\">Shopping Centre<span class=\"_ _458\"> </span></div></td><td class=\"c n xa07 y38c3 w658 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws339\">25%<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m0 xa04 h19f y38c4 ff43 fs151 fc18 sc0 ls252 ws1\">Management </td><td></td><td></td></tr><tr><td class=\"c n x1dc y38c5 w659 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws254\">BL West End Offices Li<span class=\"_ _1\"></span>mited<span class=\"_ _458\"> </span></div></td><td class=\"c n xa08 y38c5 w65a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws254\">BL West End<span class=\"_ _458\"> </span></div></td><td class=\"c n xa09 y38c5 w65b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws254\">Pimco Prime<span class=\"_ _458\"> </span></div></td><td class=\"c n xa0a y38c5 w65c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws254\">West En<span class=\"_ _1\"></span>d Campuses<span class=\"_ _458\"> </span></div></td><td class=\"c n xa0b y38c5 w65d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws254\">25%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y389e w65e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">BL CW Upper Limited Partnership<span class=\"_ _458\"> </span></div></td><td class=\"c n xa0c y389e w65f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Canada Water<span class=\"_ _458\"> </span></div></td><td class=\"c n xa0d y389e w660 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Australian <span class=\"_ _1\"></span>Super<span class=\"_ _458\"> </span></div></td><td class=\"c n xa0e y389e w661 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Other Campuses<span class=\"_ _458\"> </span></div></td><td class=\"c n xa0f y389e w64f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">50%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y38c6 ff43 fs151 fc18 sc0 ls21b ws240\">Paddington Property Investment  </td><td class=\"c n x9ff y38c7 w662 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws42f\">Paddington<span class=\"_ _458\"> </span></div></td><td class=\"c n xa10 y38c7 w663 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws42f\">Euro <span class=\"_ _2b6\"></span>Emerald <span class=\"_ _2b6\"></span>Private<span class=\"_ _458\"> </span></div></td><td class=\"c n xa01 y38c7 w664 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws254\">West End Campuses<span class=\"_ _458\"> </span></div></td><td class=\"c n xa11 y38c7 w65d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws254\">25%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y38c8 ff43 fs151 fc18 sc0 ls217 ws22a\">Limited Partnership </td><td></td><td class=\"t m0 xa04 h19f y38c8 ff43 fs151 fc18 sc0 ls211 ws21a\">Limited (GIC) </td><td></td><td></td></tr><tr><td class=\"c n x1dc y38c9 w665 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">One Triton Holding Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xa12 y38c9 w666 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">1 Triton Square</div></td><td class=\"t m0 xa04 h19f y38ca ff43 fs151 fc18 sc0 ls20e ws339\">The Royal London Mutual </td><td class=\"c n xa01 y38c9 w667 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws21a\">West End Campuses<span class=\"_ _458\"> </span></div></td><td class=\"c n xa13 y38c9 w668 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws21a\">50%<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m0 xa04 h19f y38cb ff43 fs151 fc18 sc0 ls205 ws20b\">Insurance Society Limited </td><td></td><td></td></tr><tr><td class=\"c n x1dc y38cc w669 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Southgate Property Unit Trust<span class=\"_ _458\"> </span></div></td><td class=\"c n xa14 y38cc w66a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">SouthGate<span class=\"_ _458\"> </span></div></td><td class=\"c n xa15 y38cc w66b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Aviva Investors<span class=\"_ _458\"> </span></div></td><td class=\"c n xa16 y38cc w66c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Shopping <span class=\"_ _1\"></span>Centre<span class=\"_ _458\"> </span></div></td><td class=\"c n xa17 y38cc w64f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">50%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38cd w66d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Hercules Unit Trust joint venture<span class=\"_ _458\"> </span></div></td><td class=\"c n xa18 y38cd w66e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Hercules Unit</div></td><td class=\"t m0 xa04 h19f y38ce ff43 fs151 fc18 sc0 ls217 ws22a\">The Prudential Assurance </td><td class=\"c n xa01 y38cd w66f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Retail Parks<span class=\"_ _458\"> </span></div></td><td class=\"c n xa19 y38cd w670 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">50%<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xa1a h19f y38cf ff43 fs151 fc18 sc0 ls21f ws237\">Trust JV </td><td class=\"t m0 xa04 h19f y38cf ff43 fs151 fc18 sc0 ls220 ws254\">Company Limited </td><td></td><td></td></tr></table>1. <span class=\"_ _24\"> </span>On 12 July 2024 the<span class=\"_ _6\"></span> Group completed the disp<span class=\"_ _6\"></span>osal of its 50<span class=\"_ _d\"></span><span class=\"ls22f ws24b\">% shareholding in the Meadowhall Shopping Centre joint venture.<span class=\"_ _458\"> </span></span>Operating cash flows of join<span class=\"ls32a ws35f\">t ventures (Group share)</span><table class=\"s w558 h1ff\" id=\"_64a53045-172c-4f14-b778-d2d13d006e12\"><tr><td></td><td class=\"t m0 x273 h19e y38d0 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y38d0 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y38d1 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y38d1 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y386a w116 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">Income received from tenants<span class=\"_ _458\"> </span></div></td><td class=\"c n xa1b y386a w671 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">176<span class=\"_ _458\"> </span></div></td><td class=\"c n xa1c y386a w672 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws1\">228<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38d2 w11d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Operating expenses paid to suppliers and empl<span class=\"_ _1\"></span>oyees<span class=\"_ _458\"> </span></div></td><td class=\"c n xa1d y38d2 w673 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls366 ws1\">(70)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa1e y38d2 w674 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(80)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38d3 w120 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls223 ws250\">Cash generated from operations<span class=\"_ _458\"> </span></div></td><td class=\"c n xa1f y38d3 w675 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">106<span class=\"_ _458\"> </span></div></td><td class=\"c n xa20 y38d3 w676 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws1\">148<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3781 w123 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Interest paid<span class=\"_ _458\"> </span></div></td><td class=\"c n xa21 y3781 w677 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws1\">(46)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa22 y3781 w61 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">(59)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38d4 w126 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Interest received<span class=\"_ _458\"> </span></div></td><td class=\"c n xa23 y38d4 w561 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws1\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n xa24 y38d4 w561 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">8<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38d5 w678 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">UK corporation tax paid<span class=\"_ _458\"> </span></div></td><td class=\"c n xa25 y38d5 w29c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls221 ws1\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa26 y38d5 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3708 w679 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21a ws1\">Cash inflow from operating activities<span class=\"_ _458\"> </span></div></td><td class=\"c n xa27 y3708 w3f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws1\">64<span class=\"_ _458\"> </span></div></td><td class=\"c n xa28 y3708 w67a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws1\">97<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y38d6 ff42 fs151 fc18 sc0 ls21a ws1\">Cash inflow from operating activities deployed as: <span class=\"_ _2e4\"> </span><span class=\"fc16 ls1\"> <span class=\"_ _100\"> </span></span><span class=\"fc16 ls1\"><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y370a w67b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws240\">(Deficit) surplus cash retained within joint ventures<span class=\"_ _458\"> </span></div></td><td class=\"c n x4f7 y370a w14f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa29 y370a w67c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">20<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w67d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Revenue distributions per consolidate<span class=\"_ _1\"></span>d statement of cash flows<span class=\"_ _458\"> </span></div></td><td class=\"c n xa2a y3652 w2b1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23f ws1\">72<span class=\"_ _458\"> </span></div></td><td class=\"c n xa2b y3652 w12e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws1\">77<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y38d7 ff42 fs151 fc18 sc0 ls206 ws22f\">Revenue distributions split between co<span class=\"ls209 ws240\">ntrolling and non-control<span class=\"_ _1\"></span>ling interests</span><span class=\"ls209 ws240\"> <span class=\"_ _144\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _100\"> </span></span></span><span class=\"ls209 ws240\"><span class=\"fc16 ls1 ws1\"><span class=\"ff43 fc18\"> </span></span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y36b7 w7e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Attributable to non-controlling interests<span class=\"_ _458\"> </span></div></td><td class=\"c n x280 y36b7 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ca y36b7 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 wb3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21a ws1\">Attributable to shareholders of the Company<span class=\"_ _458\"> </span></div></td><td class=\"c n x2a4 y3655 w2b1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23f ws1\">72<span class=\"_ _458\"> </span></div></td><td class=\"c n xa2c y3655 w67e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws1\">77<span class=\"_ _458\"> </span></div></td></tr></table>12 Other <span class=\"_ _27\"></span>investment<span class=\"_ _1\"></span>s<table class=\"s w67f h200\" id=\"_1798eb59-eba5-4009-b1c9-db1cec2d0351\"><tr><td></td><td></td><td class=\"c n xa2d y38d8 w680 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f4 ws432\">2025<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td class=\"c n xa2e y38d8 w1c3 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f5 ws433\">2024<span class=\"_ _458\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xa2f h19e y38d9 ff42 fs150 fc16 sc0 ls321 ws365\">Fair value </td><td></td><td></td><td></td><td class=\"t m0 xa30 h19e y38da ff43 fs150 fc18 sc0 ls261 ws435\">Fair value </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x6ab h19e y38db ff42 fs150 fc16 sc0 ls339 ws1\">through </td><td class=\"t m0 xa31 h19e y38dc ff42 fs150 fc16 sc0 ls337 ws1\">Amortised </td><td class=\"t m0 xa32 h19e y38dd ff42 fs150 fc16 sc0 ls25a ws1\">Intangible </td><td></td><td class=\"t m0 xa33 h19e y38de ff43 fs150 fc18 sc0 ls1f4 ws1\">through </td><td class=\"t m0 x337 h19e y38df ff43 fs150 fc18 sc0 ls337 ws1\">Amortised </td><td class=\"t m0 x57c h19e y38e0 ff43 fs150 fc18 sc0 ls1ff ws1\">Intangible </td><td></td></tr><tr><td></td><td class=\"t m0 x687 h19e y38e1 ff42 fs150 fc16 sc0 ls368 ws434\">profit or<span class=\"_ _1\"></span> loss </td><td class=\"t m0 x1d5 h19e y38e2 ff42 fs150 fc16 sc0 ls369 ws1\">cost </td><td class=\"t m0 x32b h19e y38e3 ff42 fs150 fc16 sc0 ls2f8 ws1\">assets </td><td class=\"t m0 xa34 h19e y38e3 ff42 fs150 fc16 sc0 ls1f4 ws1\">Total </td><td class=\"t m0 xa35 h19e y38e4 ff43 fs150 fc18 sc0 ls369 ws436\">profit or loss </td><td class=\"t m0 xa36 h19e y38e5 ff43 fs150 fc18 sc0 ls1ff ws1\">cost </td><td class=\"t m0 x330 h19e y38e6 ff43 fs150 fc18 sc0 ls1f8 ws1\">assets </td><td class=\"t m0 x1d4 h19e y38e6 ff43 fs150 fc18 sc0 ls1ff ws1\">Total </td></tr><tr><td></td><td class=\"t m0 xa37 h19e y38e7 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 xa38 h19e y38e8 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 xa39 h19e y38e9 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x562 h19e y38e9 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x7e6 h19e y38ea ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x6e3 h19e y38eb ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 xa3a h19e y38ec ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y38ec ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y38ed w323 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">At 1 April<span class=\"_ _458\"> </span></div></td><td class=\"c n xa3b y38ed w681 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws437\">46<span class=\"_ _458\"> </span></div></td><td class=\"c n xa3c y38ed wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws437\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa3d y38ed w682 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws437\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n xa3e y38ed w683 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws437\">54<span class=\"_ _458\"> </span></div></td><td class=\"c n xa3f y38ed w684 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws438\">48<span class=\"_ _458\"> </span></div></td><td class=\"c n xa40 y38ed w8b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws438\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xa41 y38ed w343 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws438\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n xa42 y38ed w5f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws438\">58<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38ee w46a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws1\">Additions<span class=\"_ _458\"> </span></div></td><td class=\"c n xa43 y38ee w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws439\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xa44 y38ee w24f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws439\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa45 y38ee w685 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws439\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n xa46 y38ee w20c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws439\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n xa47 y38ee w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws43a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa48 y38ee w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws43a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa49 y38ee w495 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws43a\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n xa4a y38ee w686 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws43a\">3<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38ef w687 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws256\">Capital distribution<span class=\"_ _458\"> </span></div></td><td class=\"c n xa4b y38ef w688 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws43b\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa4c y38ef w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws43b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa4d y38ef w43 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws43b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa4e y38ef w689 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws43b\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa4f y38ef w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws43c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa50 y38ef wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws43c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa51 y38ef wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws43c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa52 y38ef w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws43c\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y38f0 ff43 fs151 fc18 sc0 ls20b ws212\">Revaluation and foreign </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3759 w68a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">currency translation<span class=\"_ _458\"> </span></div></td><td class=\"c n xa53 y3759 w517 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws43d\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa54 y3759 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws43d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa55 y3759 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws43d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa56 y3759 w68b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws43d\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa57 y3759 w68c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws43e\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa58 y3759 w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws43e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa59 y3759 w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws43e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4f4 y3759 w47a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws43e\">(2)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f6 w68d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">Amortisation<span class=\"_ _458\"> </span></div></td><td class=\"c n xa5a y36f6 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws43f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa5b y36f6 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws43f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa5c y36f6 w517 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws43f\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa5d y36f6 w517 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws43f\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa5e y36f6 wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws440\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa5f y36f6 w5cf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws440\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa60 y36f6 w44a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws440\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa61 y36f6 w491 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws440\">(5)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w32d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">At 31 March<span class=\"_ _458\"> </span></div></td><td class=\"c n xa62 y3655 w68e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws441\">41<span class=\"_ _458\"> </span></div></td><td class=\"c n xa63 y3655 w236 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws441\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa64 y3655 w3e6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws441\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n xa65 y3655 w68f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws441\">48<span class=\"_ _458\"> </span></div></td><td class=\"c n xa66 y3655 w690 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls221 ws442\">46<span class=\"_ _458\"> </span></div></td><td class=\"c n xa67 y3655 w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls221 ws442\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa68 y3655 w691 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls221 ws442\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n xa69 y3655 w560 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls221 ws442\">54<span class=\"_ _458\"> </span></div></td></tr></table>The amount included in the fair value through profit or <span class=\"ws287\">loss relates to private equity/venture capital investments<span class=\"_ _458\"> </span></span>of \u00a341m (2023/24: \u00a346m) wh<span class=\"_ _6\"></span>ich are categorised as Level 3 in<span class=\"ls270 ws285\"> the fair v<span class=\"_ _6\"></span>alue hierarchy. The fair values of p<span class=\"_ _6\"></span>rivate<span class=\"_ _458\"> </span></span>equity/venture capital investments <span class=\"ls299 ws2a3\">are determined by the Directors. <span class=\"_ _ab\"> </span></span><div class=\"t m0 h1a7 ff42 fs153 fc16 sc0 ls26c ws1 gs467\">25 <span class=\"_ _2b\"> </span>Audit exemptions taken for subsidiaries </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs468\">The following subsidiaries are exempt from the requirem<span class=\"ls299 ws2a3\">ents of the <span class=\"_ _6\"></span>Companies Act 2006 relating to the audit </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs469\">of individual accounts by virtue <span class=\"ls1 ws29d\">of Section<span class=\"_ _6\"></span> 479A of that Act. </span></div><div class=\"gs46a\"><table class=\"s w9f6 h223\" id=\"_a018aace-ee88-45ef-b28e-02e3870e5d48\"><tr><td></td><td class=\"t m0 x333 h19e y3a2b ff43 fs150 fc18 sc0 ls332 ws1\">Company </td></tr><tr><td class=\"t m0 x20e h19e y3a2c ff43 fs150 fc18 sc0 ls2ef ws2ea\">Entity Name </td><td class=\"t m0 x333 h19e y3a2d ff43 fs150 fc18 sc0 ls25e ws1\">Number </td></tr><tr><td class=\"c n x1dc y3a2e w9f7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">17-19 Bedford Street Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef1 y3a2e w9f8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">07398971<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a2f w9f9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">18-20 Craven Hill Gardens Limi<span class=\"_ _1\"></span>ted<span class=\"_ _458\"> </span></div></td><td class=\"c n xef2 y3a2f w9fa h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">07667839<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a30 w9fb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">20 Brock Street Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef3 y3a30 w9fc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">07401697<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a31 w9fd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Aldgate Place (GP) Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef4 y3a31 w9fe h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">07829315<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a32 w9ff h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws481\">Ashband Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef5 y3a32 wa00 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws481\">04409592<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a33 wa01 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws467\">B.L.Holdings Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef6 y3a33 wa02 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws467\">00000529<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a34 wa03 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Bayeast Property Co Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef7 y3a34 wa04 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">00635800<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a35 wa05 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">BF Propco (No.3) Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef8 y3a35 wa06 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">05270196<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a36 wa07 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">BF Propco (No.5) Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef9 y3a36 wa08 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">05270219<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a37 wa09 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws526\">BL 5KS Holdings Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xefa y3a37 wa0a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws526\">13398992<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a38 wa0b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">BL Aldgate Development Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xefb y3a38 wa0c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">05070564<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a39 wa0d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">BL Aldgate Holdings Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef3 y3a39 wa0e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">05876405<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a3a wa0f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">BL Aldgate Investment Holdin<span class=\"_ _1\"></span>gs Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xefc y3a3a wa10 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">15314977<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a3b wa11 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">BL Bluebutton 2014 Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xefd y3a3b wa12 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">09048771<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a3c wa13 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">BL Bluebutton 2023 Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xefa y3a3c wa14 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">15306841<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a3d wa15 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">BL Bradford Forster Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xefe y3a3d wa16 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">07780266<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a3e wa17 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">BL Broadway Investme<span class=\"ls1 ws2ed\">nt Limited<span class=\"_ _458\"> </span></span></div></td><td class=\"c n xeff y3a3e wa18 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws2ed\">10754763<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a3f wa19 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23a ws527\">BL Chess Limite<span class=\"_ _1\"></span>d<span class=\"_ _458\"> </span></div></td><td class=\"c n xf00 y3a3f wa1a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23a ws527\">08548399<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a40 wa1b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">BL City Offices Holding Company Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef6 y3a40 wa1c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">06002147<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a41 wa1d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">BL CW Residential Holdings <span class=\"_ _1\"></span>Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf01 y3a41 wa1e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">14178788<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a42 wa1f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls222 ws399\">BL CW Upper LP Comp<span class=\"_ _1\"></span>any Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf02 y3a42 wa20 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls222 ws399\">10375411<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3a43 ff43 fs151 fc18 sc0 ls205 ws20b\">BL Department Stores Holding Company Limited <span class=\"_ _d\"></span>06002135 </td><td></td></tr><tr><td class=\"c n x1dc y3a44 wa21 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">BL Doncaster Wheatley Limite<span class=\"_ _1\"></span>d<span class=\"_ _458\"> </span></div></td><td class=\"c n xf03 y3a44 wa22 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">07780272<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a45 wa23 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">BL Drummond Properties Limi<span class=\"_ _1\"></span>ted<span class=\"_ _458\"> </span></div></td><td class=\"c n xf04 y3a45 wa24 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">09806622<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a46 wa25 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">BL Eden Walk Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf05 y3a46 wa26 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">10620935<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a47 wa27 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">BL Euston Tower Holding Company Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf06 y3a47 wa28 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">11612398<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a48 w81b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">BL Finsbury Square Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xefa y3a48 wa29 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">13797223<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a49 wa2a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws373\">BL Goodman (LP) Li<span class=\"_ _1\"></span>mited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf07 y3a49 wa2b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws373\">05056902<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a4a wa2c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">BL HB Investments Li<span class=\"_ _1\"></span>mited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf08 y3a4a wa2d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">1046150<span class=\"_ _1\"></span>0<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a4b wa2e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">BL HC PH LLP<span class=\"_ _458\"> </span></div></td><td class=\"c n xf09 y3a4b wa2f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">OC317199<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3a4c ff43 fs151 fc18 sc0 ls1 ws222\">BL High Street And Shopping Centres Hol<span class=\"_ _1\"></span>ding </td><td></td></tr><tr><td class=\"c n x1dc y3a4d wa30 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Company Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf00 y3a4d wa31 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">06002148<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a4e wa32 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">BL Innovation Properti<span class=\"ls212 ws238\">es 2 Limited<span class=\"_ _458\"> </span></span></div></td><td class=\"c n xf0a y3a4e wa33 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">05070554<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a4f wa34 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">BL Innovation Properties Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf07 y3a4f wa35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">12293278<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a50 wa36 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22d\">BL Intermediate Holding Company 2 Li<span class=\"_ _1\"></span>mited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf0b y3a50 wa37 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22d\">12462158<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3a51 ff43 fs151 fc18 sc0 ls21b ws22d\">BL Leisure And Industrial Holding </td><td></td></tr><tr><td class=\"c n x1dc y3a52 wa38 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws340\">Company Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf0c y3a52 wa39 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws340\">05995024<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a53 wa3a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">BL Newport Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf0d y3a53 wa3b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">04967720<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a54 wa3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">BL Office (Non-City) Holding Company L<span class=\"_ _1\"></span>imited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf0e y3a54 wa3d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">06002133<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a55 wa3e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23a ws527\">BL Office Holding Co<span class=\"_ _1\"></span>mpany Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf0f y3a55 wa3f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23a ws527\">0599<span class=\"_ _1\"></span>5028<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y378f wa40 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">BL Office Properties 1 Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef5 y378f wa41 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">13514407<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a56 wa42 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">BL Office Properties 3 Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf09 y3a56 w46d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">14103029<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a57 wa43 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">BL Osnaburgh St Residential <span class=\"_ _1\"></span>Ltd<span class=\"_ _458\"> </span></div></td><td class=\"c n xefd y3a57 wa44 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">06874523<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3792 wa45 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">BL Piccadilly Residential Li<span class=\"_ _1\"></span>mited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf10 y3792 wa46 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">0870<span class=\"_ _1\"></span>7494<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a58 wa47 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws528\">BL Residual Holding Company Limite<span class=\"_ _1\"></span>d<span class=\"_ _458\"> </span></div></td><td class=\"c n xef7 y3a58 wa48 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws528\">05995030<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3660 wa49 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">BL Retail Holding Company Li<span class=\"_ _1\"></span>mited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf11 y3660 wa4a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">05995033<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 wa4b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">BL Retail Indirect Investments Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf0c y3655 wa4c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">12288466<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"gs46b\"><table class=\"s wa4d h224\" id=\"_480b2118-be7e-4a8c-9229-f32d5a029ecf\"><tr><td></td><td class=\"t m0 xf13 h19e y3a59 ff43 fs150 fc18 sc0 ls332 ws1\">Company </td></tr><tr><td class=\"t m0 xf14 h19e y3a5a ff43 fs150 fc18 sc0 ls2ef ws2ea\">Entity Name </td><td class=\"t m0 xf13 h19e y3a5b ff43 fs150 fc18 sc0 ls25e ws1\">Number </td></tr><tr><td class=\"c n x1dc y3a5c wa4e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">BL Retail Investment Holdings Limite<span class=\"_ _1\"></span>d<span class=\"_ _458\"> </span></div></td><td class=\"c n xf15 y3a5c wa4f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">11612693<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a5d wa50 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">BL Retail Properties 3 Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf16 y3a5d wa51 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">04869976<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a5e wa52 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">BL Retail Properties Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf17 y3a5e wa53 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">13215893<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a5f wa54 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls394 ws253\">BL Retail Warehou<span class=\"_ _1\"></span>sing Holding Company Li<span class=\"_ _1\"></span>mited<span class=\"_ _458\"> </span></div></td><td class=\"c n xefb y3a5f wa55 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls394 ws253\">06<span class=\"_ _1\"></span>0021<span class=\"_ _1\"></span>54<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a60 wa56 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws33c\">BL Shoreditch Development Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef5 y3a60 wa57 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws33c\">05326670<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a61 wa58 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">BL Shoreditch No. 2 Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf16 y3a61 wa59 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">08570558<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a62 wa5a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">BL South Camb Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf18 y3a62 wa5b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">07555233<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3666 wa5c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">BL Thanet Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf19 y3666 wa5d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">13843760<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a63 wa5e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws22a\">BL Triton Building Residential Limite<span class=\"_ _1\"></span>d<span class=\"_ _458\"> </span></div></td><td class=\"c n xf1a y3a63 wa5f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws22a\">07508029<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a64 wa60 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws529\">BL Tunbridge Wells Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf1b y3a64 wa61 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws529\">11184483<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a65 wa62 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">BL West End Investments Li<span class=\"_ _1\"></span>mited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf1c y3a65 wa63 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">07793483<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a66 wa64 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">BL Whiteley Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf1d y3a66 wa65 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">11253224<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a67 wa66 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">BL Whiteley Retail Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xefc y3a67 w8a2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">11254281<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a68 wa67 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">BL Woolwich Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf1e y3a68 wa68 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">11079254<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a69 wa69 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">BLD Property Holdings Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf1f y3a69 wa6a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">00823907<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a6a wa6b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws526\">BLMH 1 Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf20 y3a6a wa6c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws526\">02261117<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a6b wa6d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">BLMH Centre Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf21 y3a6b wa6e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">03918066<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a6c wa6f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">BLSSP (PHC 5) Limite<span class=\"_ _1\"></span>d<span class=\"_ _458\"> </span></div></td><td class=\"c n xf18 y3a6c wa70 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">04104061<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a6d wa71 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">BLU Securities Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf22 y3a6d wa72 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">03323061<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a6e wa73 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">British Land (Joint Ventures) Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf23 y3a6e wa74 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">04682740<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a6f wa75 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls222 ws399\">British Land Acquisition<span class=\"_ _1\"></span>s Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf1e y3a6f wa76 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls222 ws399\">05464168<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a70 wa77 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">British Land Fund Manage<span class=\"_ _1\"></span>ment Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf24 y3a70 wa78 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">04450<span class=\"_ _1\"></span>726<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a71 wa79 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">British Land In Town Retail Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf23 y3a71 wa7a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">03325066<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a72 wa7b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">British Land Industrial Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf25 y3a72 wa7c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">00643370<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a73 wa7d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">British Land Offices (Non-City) Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf26 y3a73 wa7e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">02740378<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y363c wa7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22d\">British Land Offices (Non-City) No.2 Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf27 y363c wa80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22d\">06849369<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a74 wa81 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">British Land Property Advisers Li<span class=\"_ _1\"></span>mited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf28 y3a74 wa82 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">02793828<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a75 wa83 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Broadgate Adjoining Properties Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf29 y3a75 wa84 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">07580963<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a76 wa85 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws447\">Cavendish Geared Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf0c y3a76 wa86 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws447\">02779045<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a77 wa87 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls395 ws277\">Clarges Estat<span class=\"_ _1\"></span>e Property Management Co Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf2a y3a77 wa08 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls395 ws277\">084<span class=\"_ _1\"></span>188<span class=\"_ _1\"></span>75<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a78 wa88 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Drake Circus Centre Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf2b y3a78 wa89 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">09069182<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a79 wa8a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Drake Circus Leisure Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf02 y3a79 wa8b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">09190208<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a7a wa8c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Elk Mill Oldham Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf16 y3a7a wa8d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">10461879<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a7b wa8e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws216\">Hempel Holdings Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf2c y3a7b wa8f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws216\">05341380<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a7c wa90 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Hempel Hotels Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf01 y3a7c wa91 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">02728455<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a7d wa92 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws3c8\">Industrial Real Estate Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf2d y3a7d wa93 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws3c8\">00503636<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a7e wa94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Lonebridge UK Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf2e y3a7e wa95 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">03292034<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a53 wa96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">Longford Street Residential Li<span class=\"_ _1\"></span>mited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf2f y3a53 wa97 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">087001<span class=\"_ _1\"></span>58<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a7f wa98 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Mayflower Retail Park Basildon Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef9 y3a7f wa99 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">07566738<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y378e wa9a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">Nugent Shopping Park Limite<span class=\"_ _1\"></span>d<span class=\"_ _458\"> </span></div></td><td class=\"c n xf11 y378e wa9b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">06153558<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y378f wa9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">Orbital Shopping Park Swindon Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf28 y378f wa9d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">05489767<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3790 wa9e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3dc\">Osnaburgh Street Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf02 y3790 wa9f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3dc\">05886735<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3791 waa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Paddington 3KS Investments <span class=\"_ _1\"></span>Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf30 y3791 waa1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">13843646<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3792 waa2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Paddington 5KS GP Limite<span class=\"_ _1\"></span>d<span class=\"_ _458\"> </span></div></td><td class=\"c n xf31 y3792 waa3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">13843749<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3789 waa4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws52a\">Paddington 5KS Holdings Lim<span class=\"_ _1\"></span>ited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf01 y3789 waa5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws52a\">13843365<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y368f waa6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws255\">Paddington Box Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf32 y368f waa7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws255\">14782912<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 waa8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Pillar Denton Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf33 y3655 waa9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">02982293<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"gs315\"><table class=\"s waaa h225\" id=\"_d6aa460a-2fe2-4da2-8b8f-9e62d114bd23\"><tr><td></td><td class=\"t m0 x333 h19e y3a80 ff43 fs150 fc18 sc0 ls332 ws1\">Company </td></tr><tr><td class=\"t m0 x20e h19e y3a81 ff43 fs150 fc18 sc0 ls2ef ws2ea\">Entity Name </td><td class=\"t m0 x333 h19e y3a82 ff43 fs150 fc18 sc0 ls25e ws1\">Number </td></tr><tr><td class=\"c n x1dc y3a83 waab h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws24f\">Pillar Property Group Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf34 y3a83 waac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws24f\">02570618<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3792 waad h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">Plymouth Retail Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xefc y3792 waae h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">10368557<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3976 waaf h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">Regent's Place Holding 2 Limit<span class=\"_ _1\"></span>ed<span class=\"_ _458\"> </span></div></td><td class=\"c n xf35 y3976 wab0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">11864307<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b7 wab1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Regents Place Residential Lim<span class=\"_ _1\"></span>ited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf36 y36b7 wab2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">11241644<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 wab3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Solartron Retail Park Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf1d y3655 wab4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">13060834<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"gs46d\"><table class=\"s wab5 h225\" id=\"_2597253d-320c-4d22-96a1-6269ad69d536\"><tr><td></td><td class=\"t m0 xf13 h19e y3a80 ff43 fs150 fc18 sc0 ls332 ws1\">Company </td></tr><tr><td class=\"t m0 xf14 h19e y3a81 ff43 fs150 fc18 sc0 ls2ef ws2ea\">Entity Name </td><td class=\"t m0 xf13 h19e y3a82 ff43 fs150 fc18 sc0 ls25e ws1\">Number </td></tr><tr><td class=\"c n x1dc y3a83 wab6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">St. Stephens Shopping Centre Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf37 y3a83 wab7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">04931198<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3792 wab8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Storey Offices Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf19 y3792 wab9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">11417071<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3976 waba h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">TBL (Bromley) Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf38 y3976 wabb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">03840206<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b7 wabc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Tollgate Centre Colchester Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf39 y36b7 wabd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">10461649<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 wabe h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">Topside Street Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf3a y3655 wabf h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">11253428<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs46e\">The following partnerships are exempt from the requirements<span class=\"ls272\"> to prepare, publish and have<span class=\"ls289 ws29b\"> audited individual accounts </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls297 ws2a8 gs46f\">by virtue of regulation 7 of The Partnerships (Accounts)<span class=\"_ _1\"></span> Regulations 2008. The results of these partnerships are </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs470\">consolidated within these Group co<span class=\"ls274 ws289\">nsolidated financial statements. </span></div><div class=\"gs471\"><table class=\"s wac0 h226\" id=\"_d79f3806-a2c0-4cf8-aadd-67cd09953695\"><tr><td class=\"t m0 x20e h19f y3a84 ff43 fs151 fc18 sc0 ls240 ws1\">Name </td></tr><tr><td class=\"t m0 x20e h19f y3a85 ff43 fs151 fc18 sc0 ls21a ws1\">The Hercules Property Limited Partnership </td></tr><tr><td class=\"t m0 x20e h19f y3a86 ff43 fs151 fc18 sc0 ls206 ws22f\">Power Court Luton Limited Partnership </td></tr><tr><td class=\"t m0 x20e h19f y3a87 ff43 fs151 fc18 sc0 ls217 ws22a\">Hereford Shopping Centre Limited Partner<span class=\"_ _1\"></span>ship </td></tr><tr><td class=\"t m0 x20e h19f y3a88 ff43 fs151 fc18 sc0 ls206 ws22f\">The Aldgate Place Limited Partnership </td></tr></table></div><div class=\"gs472\"><table class=\"s wac1 h226\" id=\"_071506c7-7c55-44f9-a757-43b398aae19f\"><tr><td class=\"t m0 xf14 h19f y3a84 ff43 fs151 fc18 sc0 ls366 ws1\">Name </td></tr><tr><td class=\"t m0 xf14 h19f y3a85 ff43 fs151 fc18 sc0 ls213 ws25c\">BL Lancaster Limited Partnership </td></tr><tr><td class=\"t m0 xf14 h19f y3a86 ff43 fs151 fc18 sc0 ls20d ws216\">BL Shoreditch Limited Partne<span class=\"_ _1\"></span>rship </td></tr><tr><td class=\"t m0 xf14 h19f y3a87 ff43 fs151 fc18 sc0 ls20d ws216\">Paddington 5KS Property Li<span class=\"_ _1\"></span>mited Partnership </td></tr><tr><td class=\"t m0 xf14 h19f y3a88 ff43 fs151 fc18 sc0 ls20c ws215\">BL Fixed Uplift Fund Li<span class=\"_ _1\"></span>mited Partnership </td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-529": {
   "value": "11 Joint <span class=\"_ _27\"></span>ve<span class=\"_ _1\"></span>ntures <span class=\"_ _27\"></span> Summary movement for the year of th<span class=\"ws2f7\">e investments in joint ventures  </span><table class=\"s w465 h1f9\" id=\"_a3990a54-b834-48fe-b075-2a829a84be74\"><tr><td></td><td class=\"t m0 x745 h19e y384a ff43 fs150 fc18 sc0 ls1fc ws1\">Equity </td><td class=\"t m0 x457 h19e y384a ff43 fs150 fc18 sc0 ls304 ws1\">Loans </td><td class=\"t m0 x274 h19e y384a ff42 fs150 fc16 sc0 ls1f4 ws1\">Total </td></tr><tr><td></td><td class=\"t m0 x1d9 h19e y384b ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1da h19e y384b ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y384b ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y384c w466 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20c ws215\">At 1 April 2024<span class=\"_ _458\"> </span></div></td><td class=\"c n x746 y384c w467 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws3c5\">1,362<span class=\"_ _458\"> </span></div></td><td class=\"c n x747 y384c w468 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws3c5\">1,067<span class=\"_ _458\"> </span></div></td><td class=\"c n x748 y384c w469 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws1\">2,429<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y384d w46a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws1\">Additions<span class=\"_ _458\"> </span></div></td><td class=\"c n x749 y384d w46b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3c6\">59<span class=\"_ _458\"> </span></div></td><td class=\"c n x74a y384d w46c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3c6\">219<span class=\"_ _458\"> </span></div></td><td class=\"c n x74b y384d w3b1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws1\">278<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y384e w46d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws1\">Disposals<span class=\"_ _458\"> </span></div></td><td class=\"c n x74c y384e w41f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3c7\">(99)<span class=\"_ _458\"> </span></div></td><td class=\"c n x74d y384e w46e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3c7\">(6)<span class=\"_ _458\"> </span></div></td><td class=\"c n x74e y384e w291 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws1\">(105)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y384f w46f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Disposal of investment in Mea<span class=\"_ _1\"></span>dowhall Shopping Centre joint venture<span class=\"_ _458\"> </span></div></td><td class=\"c n x74f y384f w470 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">(64)<span class=\"_ _458\"> </span></div></td><td class=\"c n x750 y384f w471 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">(92)<span class=\"_ _458\"> </span></div></td><td class=\"c n x751 y384f w472 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">(156)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3784 w473 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws3c8\">Capitalisation of loans<span class=\"_ _458\"> </span></div></td><td class=\"c n x752 y3784 wd6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3c9\">63<span class=\"_ _458\"> </span></div></td><td class=\"c n x753 y3784 w474 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3c9\">(63)<span class=\"_ _458\"> </span></div></td><td class=\"c n x754 y3784 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3650 w475 h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Share of profit after taxation</div><div class=\"t m0 x755 h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x756 y3650 w476 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3ca\">84<span class=\"_ _458\"> </span></div></td><td class=\"c n x757 y3650 w477 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3ca\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n x758 y3650 w478 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">90<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3850 ff43 fs151 fc18 sc0 ls222 ws399\">Distributions and dividen<span class=\"_ _1\"></span>ds: <span class=\"_ _2c2\"> </span><span class=\"ls3db ws610\"> <span class=\"_ _43c\"></span> <span class=\"_ _e0\"> </span><span class=\"_ _43c\"></span><span class=\"ff42 fc16 ls1\"> </span></span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x20f y3652 w479 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws373\">\u2013 Capital<span class=\"_ _458\"> </span></div></td><td class=\"c n x759 y3652 w47a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws3cb\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x75a y3652 w3c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws3cb\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x75b y3652 web h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws1\">(2)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x20f y3653 w47b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">\u2013 Revenue<span class=\"_ _458\"> </span></div></td><td class=\"c n x75c y3653 w47c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3cc\">(68)<span class=\"_ _458\"> </span></div></td><td class=\"c n x75d y3653 w47d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3cc\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x75e y3653 w61 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws1\">(72)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3654 w47e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws340\">Hedging and exchan<span class=\"_ _1\"></span>ge movements<span class=\"_ _458\"> </span></div></td><td class=\"c n x75f y3654 w1a5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws340\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x760 y3654 w47f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws340\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x4cc y3654 wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w480 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws22f\">At 31 March 2025<span class=\"_ _458\"> </span></div></td><td class=\"c n x761 y3655 w481 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls247 ws3cd\">1,334<span class=\"_ _458\"> </span></div></td><td class=\"c n x762 y3655 w482 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls247 ws3cd\">1,128<span class=\"_ _458\"> </span></div></td><td class=\"c n x763 y3655 wbc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws1\">2,462<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>The share of profit after taxation includes equity accounted profits of \u00a372m (2023/24: \u00a3121m<span class=\"_ _6\"></span> losses) and a credit relating t<span class=\"ls30e ws3ce\">o the </span>movement of provision for impairment of<span class=\"_ _6\"></span> equity investments and <span class=\"ls19f ws260\">loans of<span class=\"_ _6\"></span> \u00a318m (2023/24: \u00a342m credit) e<span class=\"_ _6\"></span>xcluding the Meadowhall </span>Shopping Centre joint venture disposal. The Gr<span class=\"_ _6\"></span><span class=\"ls1 ws48\">oup\u2019s net closing investments in and loan<span class=\"ls230 ws264\">s to joint ventures<span class=\"ls22a ws246\">, the<span class=\"_ _6\"></span> associated clos<span class=\"ls22c ws1\">ing </span></span></span></span>provision for impairment and m<span class=\"_ _6\"></span>ovement in provision <span class=\"ls22c ws263\">fo<span class=\"_ _6\"></span>r impairment in the year are included in <span class=\"_ _6\"></span>Note 22.  </span>Meadowhall Shopping Cent<span class=\"ls288 ws295\">re joint venture disposal </span>On 12 July 2024, the Group completed th<span class=\"ls27c\">e disposal of i<span class=\"_ _6\"></span>ts 50% shareholding in the Meadowhall Shopping Centre joint </span>venture to the joint venture partner, Norges Bank Invest<span class=\"ls299 ws2a3\">ment Management, for<span class=\"_ _1\"></span> a<span class=\"_ _6\"></span> total consideration of \u00a3158m. The </span>carrying amount of the investment in the joint venture on th<span class=\"ls295 ws2a6\">e disposal date was \u00a3156m, resu<span class=\"_ _6\"></span>lting in a loss on disposal </span>after transaction costs of<span class=\"_ _6\"></span> \u00a31m which has been<span class=\"_ _6\"></span> accounted for within th<span class=\"_ _6\"></span>e Loss on disposal <span class=\"_ _d\"></span>of investment properties, joint ventures and revaluation of investments line within the Capita<span class=\"ls289 ws29b\">l and other column of the cons<span class=\"ls27d ws292\">olidated income<span class=\"_ _6\"></span> statement. </span></span>2 Finsbury Avenue joint venture transaction On 24 January 2025, Broad<span class=\"_ _6\"></span>gate REIT Limited (\u2018Broadgate\u2019) <span class=\"_ _6\"></span><span class=\"ls28e ws29f\">entered into a new 50:50 joint venture arrangement with </span>Modon Holding PSC in relation to a who<span class=\"ls24a ws258\">lly owned development property, 2 Finsbury<span class=\"_ _6\"></span><span class=\"ls299 ws2a3\"> Avenue. All of the following figures </span></span>are at 100% from the p<span class=\"_ _6\"></span>erspective of the new 2 Finsbury <span class=\"_ _6\"></span>Ave<span class=\"ls28e ws29f\">nue joint venture. The transaction value of the development </span>property transferred by Broadgate on the formation of the <span class=\"_ _6\"></span><span class=\"ls2a1 ws252\">new joint venture was \u00a3401m. This created a total gain on </span>disposal of \u00a334m of which \u00a317m related t<span class=\"_ _6\"></span>o Modon Holding PS<span class=\"ls274 ws289\">C\u2019s interest in the joint<span class=\"_ _6\"></span> venture and was realised on the </span>transaction date. Broadgate recognised a ga<span class=\"ls28c ws29e\">in on dispo<span class=\"_ _6\"></span>sal of \u00a310m net of<span class=\"_ _d\"></span> transa<span class=\"ls2a3 ws2b1\">ction costs of \u00a37m (B<span class=\"_ _6\"></span>ritish Land Group </span></span>share of gain on disposal: \u00a35m). For the year ended 31 March 2025, Broadg<span class=\"_ _6\"></span>ate recognised a tota<span class=\"ls24a ws258\">l share of the joint venture profit of \u00a322m (British Land </span>Group share: \u00a311m). This included the re<span class=\"ls289 ws29b\">maining \u00a317m gain on disposal of p<span class=\"_ _6\"></span>roper<span class=\"ls277 ws28d\">ty into the new joint venture which was </span></span>unrealised at the transaction date. Between 24 January 20<span class=\"ls24a ws258\">25 and 31 March 2025, Broadga<span class=\"ls24d ws25b\">te provided further loan </span></span>funding of \u00a326m into the joint venture and recognised an in<span class=\"ls24d ws25b\">vestment in joint ventures of \u00a3232m as at 31 March 2025 </span>(British Land Group share: \u00a3116m)<span class=\"_ _6\"></span>. Broadgate received \u00a3190<span class=\"ls24a ws258\">m of cash<span class=\"_ _d\"></span> consideration in r<span class=\"_ _1\"></span>elation to the sale of<span class=\"_ _6\"></span> the </span>property to the joint venture (net of transaction costs of <span class=\"_ _6\"></span>\u00a37<span class=\"ls2a2 ws25a\">m) and used \u00a393m of th<span class=\"_ _6\"></span>is to<span class=\"ls2a4 ws2aa\"> repay capital to the British </span></span>Land Group. 1 Triton Square joint venture transaction<span class=\"_ _6\"></span> In the prior year, on 15 March 2024, the Group entered into<span class=\"ls277\"> a new 50:50 joint venture arrangement with Royal London </span>Mutual Insurance Society Limited in relation to a wholly-o<span class=\"ls28d ws29a\">wned investment property, 1<span class=\"_ _6\"></span> Tr<span class=\"ls2a1 ws252\">iton Square. The transaction </span></span>value of the assets transferred by the <span class=\"ls299 ws2a3\">Group on the formation of the <span class=\"_ _6\"></span>joint vent<span class=\"ls2a1 ws252\">ure at 100% was \u00a3385m of investment </span></span>property with a resulting loss on disposal of \u00a368m in the year ended <span class=\"_ _6\"></span>31 March 2024. The \u00a354m of tenant incentives impairment arising from the surrender transaction of 1 Triton <span class=\"ls351 ws3d0\">Square, fo<span class=\"_ _6\"></span>rms part of t<span class=\"_ _6\"></span>he \u00a368m loss o<span class=\"_ _6\"></span>n disposal (se<span class=\"_ _6\"></span>e Note </span>3 for further information). The remaining \u00a314m loss on dispos<span class=\"ls2a3 ws2b1\">al has<span class=\"_ _6\"></span> been accounted for<span class=\"_ _6\"></span> within the loss on<span class=\"_ _d\"></span> disposal of </span>investment property line within the Capital and othe<span class=\"ls26f ws284\">r column of the consolidated income statement.  </span>The Group recognised a <span class=\"_ _6\"></span>share of the joint ven<span class=\"_ _6\"></span>ture\u2019s loss of \u00a32m an<span class=\"_ _6\"></span>d share of net a<span class=\"_ _6\"></span>ssets less sharehol<span class=\"_ _6\"></span>der loans of \u00a379m<span class=\"_ _6\"></span> in relation to the 1 Triton Square joint venture for the ye<span class=\"ls249 ws28e\">ar ended 31 M<span class=\"_ _6\"></span>arch 2024. The Group recei<span class=\"_ _6\"></span>ved \u00a3190m of cash </span>consideration in relation to the sale of the investment <span class=\"ls274 ws289\">and development properties to the joint venture (net of </span>transaction costs of \u00a3<span class=\"_ _6\"></span>3m).  The summarised income<span class=\"_ _6\"></span> statements and balance sh<span class=\"_ _6\"></span>eets below and on the followin<span class=\"_ _6\"></span>g page show 100% <span class=\"_ _6\"></span>of the results,<span class=\"_ _458\"> </span>assets and liabilities of joint ventures to the nearest million.<span class=\"_ _458\"> </span>Joint ventures\u2019 summary financial st<span class=\"ls32e ws368\">atements as at 31 M<span class=\"_ _6\"></span>arch 2025</span><table class=\"s w483 h1fa\" id=\"_f2dcad12-8c76-4cc7-ac3e-e29e64d0674e\"><tr><td class=\"t m0 x20e hbf y3851 ff43 fsaf fc18 sc0 ls248 ws249\">See page 174 for additional information on each<span class=\"_ _6\"></span> joint venture </td><td class=\"c x765 y3852 w484 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls355 ws1\">Broadgate</div><div class=\"t m0 x764 h72 y3625 ff43 fs63 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c x767 y3853 w485 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls325 ws1\">Meadowhall</div><div class=\"t m0 x766 h72 y3625 ff43 fs63 fc18 sc0 ls1 ws1\">2</div></td><td class=\"t m0 x768 h19e y3854 ff43 fs150 fc18 sc0 ls356 ws3d3\"> WOSC </td><td class=\"t m0 x769 h19e y3855 ff43 fs150 fc18 sc0 ls341 ws3d4\">BL West End </td></tr><tr><td class=\"c n x1dc y3856 w486 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws2f0\">Group share<span class=\"_ _458\"> </span></div></td><td class=\"c n x76a y3856 w487 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws2f0\">50%<span class=\"_ _458\"> </span></div></td><td class=\"c x76c y3856 w488 h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws2f0\">0%</div><div class=\"t m0 x76b h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x76d y3856 w489 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws3d5\">25%<span class=\"_ _458\"> </span></div></td><td class=\"c n x76e y3856 w48a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws3d5\">25%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3857 ff42 fs151 fc18 sc0 ls217 ws22a\">Summarised income statements <span class=\"_ _78\"> </span><span class=\"ff43 ls3db ws610\"> <span class=\"_ _43d\"></span> <span class=\"_ _43d\"></span> </span><span class=\"ff43 ls3db ws610\"><span class=\"_ _43d\"></span> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1dc y3858 w48b h1d0\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">Revenue</div><div class=\"t m0 x371 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x76f y3858 w48c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3d6\">242<span class=\"_ _458\"> </span></div></td><td class=\"c n x770 y3858 w48d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3d6\">26<span class=\"_ _458\"> </span></div></td><td class=\"c n x771 y3858 w332 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3d6\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n x772 y3858 w48e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3d6\">28<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3859 w48f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws1\">Costs<span class=\"_ _458\"> </span></div></td><td class=\"c n x773 y3859 w490 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3d7\">(72)<span class=\"_ _458\"> </span></div></td><td class=\"c n x774 y3859 w491 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3d7\">(5)<span class=\"_ _458\"> </span></div></td><td class=\"c n x775 y3859 w492 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3d7\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x776 y3859 w12a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws3d7\">(9)<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x777 y385a w40c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3d8\">170<span class=\"_ _458\"> </span></div></td><td class=\"c n x778 y385a w493 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3d8\">21<span class=\"_ _458\"> </span></div></td><td class=\"c n x779 y385a w40e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3d8\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x77a y385a w494 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3d8\">19<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y385b w48 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Administrative expenses<span class=\"_ _458\"> </span></div></td><td class=\"c n x77b y385b w495 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3d9\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x77c y385b w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3d9\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x77d y385b wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3d9\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x77e y385b w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3d9\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y385c w496 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Net interest payable<span class=\"_ _458\"> </span></div></td><td class=\"c n x77f y385c w497 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">(66)<span class=\"_ _458\"> </span></div></td><td class=\"c n x780 y385c w498 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">(6)<span class=\"_ _458\"> </span></div></td><td class=\"c n x781 y385c w3c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x782 y385c w498 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">(6)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y385d w499 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">Underlying Profit<span class=\"_ _458\"> </span></div></td><td class=\"c n x783 y385d w49a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">107<span class=\"_ _458\"> </span></div></td><td class=\"c n x784 y385d w49b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">15<span class=\"_ _458\"> </span></div></td><td class=\"c n x785 y385d w49c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x786 y385d w49d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">13<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y385e w49e h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Share of joint venture result</div><div class=\"t m0 x253 h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x787 y385e w49f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3da\">22<span class=\"_ _458\"> </span></div></td><td class=\"c n x788 y385e w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3da\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x789 y385e w1b0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3da\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x78a y385e w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3da\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y385f w4a0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Net valuation movements on property<span class=\"_ _458\"> </span></div></td><td class=\"c n x78b y385f w407 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x78c y385f w4a1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x78d y385f w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x78e y385f w4a2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">(33)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3860 w4a3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws21a\">Capital financing charges<span class=\"_ _458\"> </span></div></td><td class=\"c n x78f y3860 w4a4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws21a\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x790 y3860 w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws21a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x791 y3860 w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws21a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x792 y3860 w183 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws21a\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3861 w4a5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Profit (loss) on disposal of properties<span class=\"_ _458\"> </span></div></td><td class=\"c n x793 y3861 w4a6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n x794 y3861 w4a7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x795 y3861 w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x796 y3861 w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3862 w6a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls1 ws222\">Profit (loss) before taxation<span class=\"_ _458\"> </span></div></td><td class=\"c n x797 y3862 w30b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3db\">139<span class=\"_ _458\"> </span></div></td><td class=\"c n x798 y3862 w4a8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3db\">15<span class=\"_ _458\"> </span></div></td><td class=\"c n x799 y3862 w352 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3db\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x79a y3862 w4a9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3db\">(20)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3863 w4aa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws1\">Taxation<span class=\"_ _458\"> </span></div></td><td class=\"c n x79b y3863 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3d9\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x79c y3863 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3d9\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x79d y3863 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3d9\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x79e y3863 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3d9\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3864 w4ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws219\">Profit (loss) after taxation<span class=\"_ _458\"> </span></div></td><td class=\"c n x79f y3864 w30b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3db\">139<span class=\"_ _458\"> </span></div></td><td class=\"c n x7a0 y3864 w4ac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3db\">15<span class=\"_ _458\"> </span></div></td><td class=\"c n x7a1 y3864 w352 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3db\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x7a2 y3864 w4ad h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws3db\">(20)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3865 w4ae h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Other comprehensive (expense) income<span class=\"_ _458\"> </span></div></td><td class=\"c n x7a3 y3865 w4af h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7a4 y3865 w4b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x7a5 y3865 w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7a6 y3865 w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3866 w4b1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21a ws3dc\">Total comprehensive income (expense)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7a7 y3866 w4b2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws3dd\">138<span class=\"_ _458\"> </span></div></td><td class=\"c n x7a8 y3866 w4b3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws3dd\">17<span class=\"_ _458\"> </span></div></td><td class=\"c n x7a9 y3866 w4b4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws3dd\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x7aa y3866 w4b5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws3dd\">(20)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3867 w4b6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21b ws22d\">British Land share of total co<span class=\"ls213 ws250\">mprehensive income (expense)<span class=\"_ _458\"> </span></span></div></td><td class=\"c n x7ab y3867 w4b7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws3de\">69<span class=\"_ _458\"> </span></div></td><td class=\"c n x7ac y3867 w3eb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws3de\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n x7ad y3867 w4b8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws3de\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x7ae y3867 w14f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws3de\">(5)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3868 w4b9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">British Land share of distributions payable<span class=\"_ _458\"> </span></div></td><td class=\"c n x7af y3868 w4ba h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls319 ws3df\">45<span class=\"_ _458\"> </span></div></td><td class=\"c n x7b0 y3868 w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls319 ws3df\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x7b1 y3868 w4bb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls319 ws3df\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x7b2 y3868 w59 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls319 ws3df\">3<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3869 ff42 fs151 fc18 sc0 ls216 ws26b\">Summarised balance sheets <span class=\"_ _260\"> </span><span class=\"ff43 ls3db ws610\"> <span class=\"_ _43d\"></span> <span class=\"_ _43d\"></span> </span><span class=\"ff43 ls3db ws610\"><span class=\"_ _43d\"></span> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y386a w4bc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Investment and trading properties<span class=\"_ _458\"> </span></div></td><td class=\"c n x7b3 y386a w4bd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">4,179<span class=\"_ _458\"> </span></div></td><td class=\"c n x77c y386a w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7b4 y386a w4be h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">126<span class=\"_ _458\"> </span></div></td><td class=\"c n x7b5 y386a w4bf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">415<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y386b w4c0 h1d6\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws253\">Investments in joint ventures</div><div class=\"t m0 x7b6 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x7b7 y386b w4c1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls358 ws3e0\">232<span class=\"_ _458\"> </span></div></td><td class=\"c n x7b8 y386b w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls358 ws3e0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7b9 y386b w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls358 ws3e0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7ba y386b w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls358 ws3e0\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y386c w4c2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Other non-current assets<span class=\"_ _458\"> </span></div></td><td class=\"c n x7bb y386c we4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">14<span class=\"_ _458\"> </span></div></td><td class=\"c n x7bc y386c w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x229 y386c w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7bd y386c w4c3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">13<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y386d w4c4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws3e1\">Current <span class=\"_ _2cf\"></span>assets<span class=\"_ _458\"> </span></div></td><td class=\"c n x7be y386d w4c5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws3e1\">30<span class=\"_ _458\"> </span></div></td><td class=\"c n x7bf y386d w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws3e1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7c0 y386d w4b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws3e1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x7c1 y386d w1ac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws3e1\">2<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y386e w4c6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">Cash and cash equivalents<span class=\"_ _458\"> </span></div></td><td class=\"c n x7c2 y386e w4c7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">160<span class=\"_ _458\"> </span></div></td><td class=\"c n x7c3 y386e w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7c4 y386e w4c8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x7c5 y386e w70 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">13<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y386f w4c9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21f ws237\">Gross assets<span class=\"_ _458\"> </span></div></td><td class=\"c n x7c6 y386f w4ca h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws3e2\">4,615<span class=\"_ _458\"> </span></div></td><td class=\"c n x7c7 y386f w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws3e2\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7c8 y386f w215 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws3e2\">132<span class=\"_ _458\"> </span></div></td><td class=\"c n x7c9 y386f w4cb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws3e2\">443<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3870 w4cc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Current liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n x7ca y3870 w4cd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">(147)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7cb y3870 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7cc y3870 w4ce h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">(5)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7cd y3870 w4cf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">(13)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3839 w4d0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Bank and securitised debt<span class=\"_ _458\"> </span></div></td><td class=\"c n x7ce y3839 w4d1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">(1,529)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7cf y3839 w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x791 y3839 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7d0 y3839 w4d2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">(160)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3871 w4d3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Loans from joint venture partners<span class=\"_ _458\"> </span></div></td><td class=\"c n x7d1 y3871 w4d4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(1,671)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7d2 y3871 w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7d3 y3871 w4d5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(56)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7d4 y3871 w4d6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(13)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y383b w4d7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Other non-current liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n x7d5 y383b w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7d6 y383b w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7d7 y383b w4d8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7d8 y383b w4d9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">(14)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3750 w4da h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws219\">Gross liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n x7d9 y3750 w4db h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws3e3\">(3,347)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7da y3750 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws3e3\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7db y3750 w23e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws3e3\">(65)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7dc y3750 w4dc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws3e3\">(200)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3770 w4dd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws219\">Net assets (liabilities)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7dd y3770 w4de h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3e4\">1,268<span class=\"_ _458\"> </span></div></td><td class=\"c n x7de y3770 w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3e4\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7df y3770 w4df h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3e4\">67<span class=\"_ _458\"> </span></div></td><td class=\"c n x7e0 y3770 w4e0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3e4\">243<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3655 w4e1 h1d9\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21f ws237\">British Land share of net assets less shareholder loans</div><div class=\"t m0 x7e1 h1a0 y362f ff42 fs152 fc18 sc0 ls1 ws1\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x7e2 y3655 w4e2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws3e5\">634<span class=\"_ _458\"> </span></div></td><td class=\"c n x7e3 y3655 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws3e5\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x7e4 y3655 w4e3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws3e5\">17<span class=\"_ _458\"> </span></div></td><td class=\"c n x7e5 y3655 w4e4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws3e5\">61<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>On 24 January 2025, Broadgate REIT Limit<span class=\"ws263\">ed (\u2018B<span class=\"_ _6\"></span>roadgate\u2019) entered into a new 50:50 <span class=\"ls30d ws333\">joint ventu<span class=\"_ _d\"></span>r<span class=\"_ _1\"></span>e arrangemen<span class=\"_ _6\"></span>t with Modon Holdi<span class=\"_ _6\"></span><span class=\"ls1 ws1\">ng<span class=\"_ _458\"> </span></span></span></span>PSC in relation to Broadgate\u2019s w<span class=\"_ _6\"></span>holly-owned development proper<span class=\"_ _6\"></span>ty, 2 Finsbury Avenue. For fur<span class=\"_ _6\"></span>ther details, refer to page 169<span class=\"_ _6\"></span> of<span class=\"_ _458\"> </span>Note 11.<span class=\"_ _458\"> </span>2. On 12 July 2024<span class=\"_ _d\"></span> the Group completed the disposal of i<span class=\"_ _d\"></span>t<span class=\"_ _1\"></span>s 50<span class=\"_ _d\"></span><span class=\"ls22f ws24b\">% shareholding in the Meadowhall Shopping Centre joint venture. Th<span class=\"ls1 ws1\">e<span class=\"_ _458\"> </span></span></span>summarised income statement therefore includes 100% of the<span class=\"_ _6\"></span> result<span class=\"ls30f ws334\">s of Meado<span class=\"_ _6\"></span>whall up to the <span class=\"_ _6\"></span>date of disposal,<span class=\"_ _6\"></span> 12 July 2024. The<span class=\"_ _458\"> </span></span>summarised balance sheet as<span class=\"ls22f ws24b\"> at 31 March 2025 reflects the resul<span class=\"_ _6\"></span>ting nil <span class=\"ls1 ws48\">Group share of Meadowhall follo<span class=\"_ _6\"></span>wing the disposal.<span class=\"_ _458\"> </span></span></span>3. In accordance with the Group\u2019s <span class=\"_ _6\"></span>accounting policies detailed in<span class=\"ls1 ws48\"> Note 1, the Group recognises a n<span class=\"_ _6\"></span>il equity investment in joint<span class=\"ls230 ws264\"> ventures<span class=\"_ _458\"> </span></span></span>in a net liability position at year end.<span class=\"_ _458\"> </span>4. <span class=\"_ _d\"></span>Included in the column headed <span class=\"_ _6\"></span>\u2018Other joint ventures\u2019 are cont<span class=\"_ _6\"></span><span class=\"ls26a ws27f\">ributions from the <span class=\"_ _6\"></span>following: BL<span class=\"ls248 ws249\"> Goodman Limited Partnership,<span class=\"_ _458\"> </span></span></span>Bluebutton Property Management UK Limited<span class=\"_ _d\"></span>, City of London Office Un<span class=\"ls225 ws244\">it Trust, Reading Gate<span class=\"_ _6\"></span> Retail Park Co-Ownership, Ede<span class=\"_ _6\"></span>n Walk<span class=\"_ _458\"> </span></span>Shopping Centre Unit Trust and the Whit<span class=\"ls22c ws263\">eley Shopping Centre <span class=\"_ _6\"></span>Unit Trust.<span class=\"_ _458\"> </span></span>5. Revenue includes gross ren<span class=\"_ _6\"></span>tal income at<span class=\"ls227 ws3e7\"> 100% share of \u00a3332m (2023/24: \u00a3375m). <span class=\"_ _ab\"> </span></span><div class=\"gs315\"><table class=\"s w4e5 h1fb\" id=\"_1359fa0f-240c-448c-845f-15e04bb431ab\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x274 h19e y3872 ff42 fs150 fc16 sc0 ls1f4 ws1\">Total </td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x32c h19e y3873 ff43 fs150 fc18 sc0 ls1fb ws2fb\">Hercules Unit </td><td class=\"t m0 x7e6 h19e y3873 ff43 fs150 fc18 sc0 ls1fe ws2e8\">Other joint </td><td class=\"t m0 x3f1 h19e y3873 ff42 fs150 fc16 sc0 ls1f4 ws1\">Total </td><td class=\"t m0 x769 h19e y3874 ff42 fs150 fc16 sc0 ls1ff ws2fd\"> Group share </td></tr><tr><td class=\"t m0 x7e7 h19e y3875 ff43 fs150 fc18 sc0 ls335 ws3b0\">Canada Water </td><td class=\"c x7e9 y3876 w4e6 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls259 ws1\">Paddington</div><div class=\"t m0 x7e8 h72 y3625 ff43 fs63 fc18 sc0 ls1 ws1\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x7ea y3877 w4e7 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1fb ws3e8\">1 Triton Square<span class=\"_ _458\"> </span></div></td><td class=\"c n x7eb y3877 w4e8 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1fb ws3e8\">SouthGate<span class=\"_ _458\"> </span></div></td><td class=\"t m0 x1d7 h19e y3875 ff43 fs150 fc18 sc0 ls25e ws315\">Trust JV </td><td class=\"c x7ed y3877 w4e9 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2ef ws1\">ventures</div><div class=\"t m0 x7ec h72 y3625 ff43 fs63 fc18 sc0 ls1 ws1\">4<span class=\"_ _458\"> </span></div></td><td class=\"t m0 x3f1 h19e y3875 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3878 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td></tr><tr><td class=\"c n x7ee y3879 w4ea h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35b ws3e9\">50%<span class=\"_ _458\"> </span></div></td><td class=\"c n x7ef y3879 w4eb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35b ws3e9\">25%<span class=\"_ _458\"> </span></div></td><td class=\"c n x7f0 y3879 w45e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35b ws3e9\">50<span class=\"_ _d\"></span>%<span class=\"_ _458\"> </span></div></td><td class=\"c n x7f1 y3879 w471 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35b ws3e9\">50<span class=\"_ _d\"></span>%<span class=\"_ _458\"> </span></div></td><td class=\"c n x7f2 y3879 w4ec h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35b ws3e9\">50%<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x7f3 y3858 w4ed h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3ea\">9<span class=\"_ _458\"> </span></div></td><td class=\"c n x7f4 y3858 w4ee h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3ea\">62<span class=\"_ _458\"> </span></div></td><td class=\"c n x7f5 y3858 w5a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3ea\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x7f6 y3858 w4ef h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3ea\">17<span class=\"_ _458\"> </span></div></td><td class=\"c n x7f7 y3858 w4f0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3ea\">18<span class=\"_ _458\"> </span></div></td><td class=\"c n x7f8 y3858 w4f1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3ea\">19<span class=\"_ _458\"> </span></div></td><td class=\"c n x7f9 y3858 w4f2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3ea\">430<span class=\"_ _458\"> </span></div></td><td class=\"c n x7fa y3858 w4f3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3ea\">190<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x7fb y3859 w4f4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3eb\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7fc y3859 w4f5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3eb\">(19)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7fd y3859 w237 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3eb\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7fe y3859 w4f6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3eb\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x7ff y3859 w44a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3eb\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n x800 y3859 w4f7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3eb\">(5)<span class=\"_ _458\"> </span></div></td><td class=\"c n x801 y3859 w4f8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3eb\">(130)<span class=\"_ _458\"> </span></div></td><td class=\"c n x802 y3859 w163 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3eb\">(57)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x803 y385a w5a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws3ec\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x804 y385a w4f9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws3ec\">43<span class=\"_ _458\"> </span></div></td><td class=\"c n x805 y385a wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws3ec\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x806 y385a w49d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws3ec\">13<span class=\"_ _458\"> </span></div></td><td class=\"c n x807 y385a w4fa h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws3ec\">15<span class=\"_ _458\"> </span></div></td><td class=\"c n x808 y385a w4fb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws3ec\">14<span class=\"_ _458\"> </span></div></td><td class=\"c n x809 y385a w4fc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws3ec\">300<span class=\"_ _458\"> </span></div></td><td class=\"c n x80a y385a w30d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws3ec\">133<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x80b y385b w4fd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x80c y385b w4fd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x80d y385b w17e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x80e y385b w43 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x80f y385b w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x810 y385b w183 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x811 y385b w47f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x812 y385b w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x803 y387a w4a1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3ee\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x813 y387a w45e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3ee\">(26)<span class=\"_ _458\"> </span></div></td><td class=\"c n x814 y387a w170 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3ee\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x815 y387a w1aa h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3ee\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x816 y387a wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3ee\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x817 y387a w3c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3ee\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x818 y387a w4fe h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3ee\">(104)<span class=\"_ _458\"> </span></div></td><td class=\"c n x819 y387a w254 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3ee\">(43)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x803 y385d w4ff h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3ef\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x81a y385d wc4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3ef\">16<span class=\"_ _458\"> </span></div></td><td class=\"c n x81b y385d w24f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3ef\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x81c y385d w500 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3ef\">12<span class=\"_ _458\"> </span></div></td><td class=\"c n x81d y385d w4c3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3ef\">15<span class=\"_ _458\"> </span></div></td><td class=\"c n x81e y385d w4fb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3ef\">14<span class=\"_ _458\"> </span></div></td><td class=\"c n x81f y385d w501 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3ef\">197<span class=\"_ _458\"> </span></div></td><td class=\"c n x820 y385d w502 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws3ef\">90<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x821 y385e w17e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x822 y385e w43 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x823 y385e w43 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x824 y385e w17e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x825 y385e w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x826 y385e w183 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x827 y385e w503 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">22<span class=\"_ _458\"> </span></div></td><td class=\"c n x828 y385e w504 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">11<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x829 y387b w505 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3f1\">(55)<span class=\"_ _458\"> </span></div></td><td class=\"c n x82a y387b w506 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3f1\">(17)<span class=\"_ _458\"> </span></div></td><td class=\"c n x82b y387b w129 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3f1\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n x82c y387b w507 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3f1\">21<span class=\"_ _458\"> </span></div></td><td class=\"c n x82d y387b w508 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3f1\">16<span class=\"_ _458\"> </span></div></td><td class=\"c n x82e y387b w412 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3f1\">20<span class=\"_ _458\"> </span></div></td><td class=\"c n x82f y387b w509 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3f1\">(51)<span class=\"_ _458\"> </span></div></td><td class=\"c n x830 y387b w50a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws3f1\">(14)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x821 y3860 w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws3f2\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x831 y3860 w2f9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws3f2\">(5)<span class=\"_ _458\"> </span></div></td><td class=\"c n x832 y3860 w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws3f2\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x833 y3860 w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws3f2\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x834 y3860 w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws3f2\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x835 y3860 w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws3f2\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x836 y3860 w2fa h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws3f2\">(9)<span class=\"_ _458\"> </span></div></td><td class=\"c n x837 y3860 w50b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws3f2\">(3)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x821 y3861 w80 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35f ws3f3\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x838 y3861 w17e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35f ws3f3\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x839 y3861 w98 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35f ws3f3\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x83a y3861 w17e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35f ws3f3\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x83b y3861 w17e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35f ws3f3\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x83c y3861 w319 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35f ws3f3\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x83d y3861 w50c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35f ws3f3\">13<span class=\"_ _458\"> </span></div></td><td class=\"c n x83e y3861 w50d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35f ws3f3\">6<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x829 y387c w50e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">(54)<span class=\"_ _458\"> </span></div></td><td class=\"c n x83f y387c w50f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">(6)<span class=\"_ _458\"> </span></div></td><td class=\"c n x840 y387c w510 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n x841 y387c w511 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">33<span class=\"_ _458\"> </span></div></td><td class=\"c n x842 y387c w512 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">31<span class=\"_ _458\"> </span></div></td><td class=\"c n x843 y387c w46b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">38<span class=\"_ _458\"> </span></div></td><td class=\"c n x844 y387c w513 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">172<span class=\"_ _458\"> </span></div></td><td class=\"c n x845 y387c w514 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">90<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x821 y3863 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3f5\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x846 y3863 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3f5\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x847 y3863 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3f5\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x848 y3863 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3f5\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x849 y3863 w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3f5\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x84a y3863 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3f5\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x84b y3863 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3f5\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x84c y3863 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws3f5\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x829 y3864 w50e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">(54)<span class=\"_ _458\"> </span></div></td><td class=\"c n x83f y3864 w50f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">(6)<span class=\"_ _458\"> </span></div></td><td class=\"c n x840 y3864 w510 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n x841 y3864 w511 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">33<span class=\"_ _458\"> </span></div></td><td class=\"c n x842 y3864 w512 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">31<span class=\"_ _458\"> </span></div></td><td class=\"c n x843 y3864 w46b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">38<span class=\"_ _458\"> </span></div></td><td class=\"c n x844 y3864 w513 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">172<span class=\"_ _458\"> </span></div></td><td class=\"c n x845 y3864 w514 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">90<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x821 y387d w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x838 y387d w43 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x84d y387d w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x84e y387d w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x84f y387d w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x850 y387d w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x851 y387d w47f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x84c y387d w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x829 y3866 w50e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">(54)<span class=\"_ _458\"> </span></div></td><td class=\"c n x83f y3866 w50f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">(6)<span class=\"_ _458\"> </span></div></td><td class=\"c n x840 y3866 w510 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n x841 y3866 w511 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">33<span class=\"_ _458\"> </span></div></td><td class=\"c n x842 y3866 w512 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">31<span class=\"_ _458\"> </span></div></td><td class=\"c n x843 y3866 w46b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">38<span class=\"_ _458\"> </span></div></td><td class=\"c n x844 y3866 w172 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">173<span class=\"_ _458\"> </span></div></td><td class=\"c n x852 y3866 w515 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws3f4\">90<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x829 y3867 w4d5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws3f6\">(27)<span class=\"_ _458\"> </span></div></td><td class=\"c n x853 y3867 w516 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws3f6\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x854 y3867 w517 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws3f6\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x855 y3867 w518 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws3f6\">16<span class=\"_ _458\"> </span></div></td><td class=\"c n x856 y3867 w34e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws3f6\">15<span class=\"_ _458\"> </span></div></td><td class=\"c n x857 y3867 w34e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws3f6\">18<span class=\"_ _458\"> </span></div></td><td class=\"c n x858 y3867 w519 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws3f6\">90<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td class=\"c n x821 y3868 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws3f7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x859 y3868 w51a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws3f7\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x85a y3868 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws3f7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x85b y3868 w51b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws3f7\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x85c y3868 w51c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws3f7\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n x85d y3868 w3ed h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws3f7\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n x85e y3868 w51d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws3f7\">74<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td class=\"c n x85f y386a w51e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws3f8\">759<span class=\"_ _458\"> </span></div></td><td class=\"c n x860 y386a w51f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws3f8\">855<span class=\"_ _458\"> </span></div></td><td class=\"c n x861 y386a w520 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws3f8\">419<span class=\"_ _458\"> </span></div></td><td class=\"c n x862 y386a w520 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws3f8\">164<span class=\"_ _458\"> </span></div></td><td class=\"c n x863 y386a w165 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws3f8\">215<span class=\"_ _458\"> </span></div></td><td class=\"c n x864 y386a w521 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws3f8\">219<span class=\"_ _458\"> </span></div></td><td class=\"c n x865 y386a w522 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws3f8\">7,351<span class=\"_ _458\"> </span></div></td><td class=\"c n x866 y386a w523 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws3f8\">3,325<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x821 y386b w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x838 y386b w43 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x84d y386b w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x84e y386b w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x84f y386b w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x850 y386b w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x867 y386b w524 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">232<span class=\"_ _458\"> </span></div></td><td class=\"c n x868 y386b w525 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws3ed\">116<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x821 y386c w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x869 y386c w526 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">14<span class=\"_ _458\"> </span></div></td><td class=\"c n x86a y386c w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x86b y386c w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x86c y386c w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x86d y386c w527 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x86e y386c w528 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">41<span class=\"_ _458\"> </span></div></td><td class=\"c n x86f y386c w529 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws3f0\">14<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x7f3 y386d w52a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3f9\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x870 y386d w40e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3f9\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x871 y386d w40e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3f9\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x872 y386d w5a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3f9\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x873 y386d w5a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3f9\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x874 y386d w52b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3f9\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x875 y386d w52c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3f9\">51<span class=\"_ _458\"> </span></div></td><td class=\"c n x876 y386d w4f0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws3f9\">18<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x7f3 y386e w52d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fa\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n x877 y386e w52e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fa\">22<span class=\"_ _458\"> </span></div></td><td class=\"c n x878 y386e w382 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fa\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x879 y386e w52d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fa\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n x87a y386e w20c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fa\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n x87b y386e w1af h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fa\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x87c y386e w52f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fa\">228<span class=\"_ _458\"> </span></div></td><td class=\"c n x87d y386e w30b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fa\">108<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x85f y386f w530 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3fb\">767<span class=\"_ _458\"> </span></div></td><td class=\"c n x87e y386f w531 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3fb\">895<span class=\"_ _458\"> </span></div></td><td class=\"c n x87f y386f w532 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3fb\">427<span class=\"_ _458\"> </span></div></td><td class=\"c n x880 y386f w1b6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3fb\">171<span class=\"_ _458\"> </span></div></td><td class=\"c n x881 y386f w1fa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3fb\">224<span class=\"_ _458\"> </span></div></td><td class=\"c n x882 y386f w533 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3fb\">229<span class=\"_ _458\"> </span></div></td><td class=\"c n x883 y386f w534 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3fb\">7,903<span class=\"_ _458\"> </span></div></td><td class=\"c n x884 y386f w535 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws3fb\">3,581<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x829 y3870 w536 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3fc\">(25)<span class=\"_ _458\"> </span></div></td><td class=\"c n x885 y3870 w537 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3fc\">(25)<span class=\"_ _458\"> </span></div></td><td class=\"c n x886 y3870 we9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3fc\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n x887 y3870 w538 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3fc\">(6)<span class=\"_ _458\"> </span></div></td><td class=\"c n x888 y3870 w539 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3fc\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x889 y3870 we9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3fc\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n x88a y3870 w2e8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3fc\">(239)<span class=\"_ _458\"> </span></div></td><td class=\"c n x88b y3870 w4f8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3fc\">(105)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x88c y3839 w45b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws3fd\">(126)<span class=\"_ _458\"> </span></div></td><td class=\"c n x88d y3839 w53a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws3fd\">(512)<span class=\"_ _458\"> </span></div></td><td class=\"c n x88e y3839 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws3fd\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x88f y3839 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws3fd\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x890 y3839 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws3fd\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x891 y3839 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws3fd\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x892 y3839 w53b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws3fd\">(2,327)<span class=\"_ _458\"> </span></div></td><td class=\"c n x893 y3839 w53c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws3fd\">(996)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x821 y365e wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fe\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x894 y365e w53d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fe\">(451)<span class=\"_ _458\"> </span></div></td><td class=\"c n x895 y365e w53e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fe\">(271)<span class=\"_ _458\"> </span></div></td><td class=\"c n x896 y365e w24f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fe\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x897 y365e wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fe\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x898 y365e w53f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fe\">(101)<span class=\"_ _458\"> </span></div></td><td class=\"c n x899 y365e w540 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fe\">(2,563)<span class=\"_ _458\"> </span></div></td><td class=\"c n x89a y365e w541 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3fe\">(1,152)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x821 y383b w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3ff\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x89b y383b w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3ff\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x89c y383b w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3ff\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x89d y383b w542 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3ff\">(28)<span class=\"_ _458\"> </span></div></td><td class=\"c n x89e y383b w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3ff\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x89f y383b w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3ff\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8a0 y383b w543 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3ff\">(46)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8a1 y383b w544 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws3ff\">(18)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x85f y3750 w545 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws400\">(151)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8a2 y3750 w546 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws400\">(988)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8a3 y3750 w547 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws400\">(279<span class=\"_ _1\"></span>)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8a4 y3750 w548 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws400\">(34)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8a5 y3750 web h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws400\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8a6 y3750 w549 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws400\">(109)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8a7 y3750 w54a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws400\">(5,175)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8a8 y3750 w54b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws400\">(2,271)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x829 y375a w54c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws401\">616<span class=\"_ _458\"> </span></div></td><td class=\"c n x8a9 y375a w54d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws401\">(93)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8aa y375a w54e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws401\">148<span class=\"_ _458\"> </span></div></td><td class=\"c n x8ab y375a w54f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws401\">137<span class=\"_ _458\"> </span></div></td><td class=\"c n x8ac y375a w179 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws401\">222<span class=\"_ _458\"> </span></div></td><td class=\"c n x8ad y375a w550 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws401\">120<span class=\"_ _458\"> </span></div></td><td class=\"c n x8ae y375a w551 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws401\">2,728<span class=\"_ _458\"> </span></div></td><td class=\"c n x8af y375a w16f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws401\">1,310<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x88c y3655 w552 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws402\">308<span class=\"_ _458\"> </span></div></td><td class=\"c n x8b0 y3655 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws402\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8b1 y3655 w553 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws402\">74<span class=\"_ _458\"> </span></div></td><td class=\"c n x8b2 y3655 w554 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws402\">69<span class=\"_ _458\"> </span></div></td><td class=\"c n x8b3 y3655 w555 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws402\">110<span class=\"_ _458\"> </span></div></td><td class=\"c n x8b4 y3655 w556 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws402\">61<span class=\"_ _458\"> </span></div></td><td class=\"c n x8b5 y3655 w557 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws402\">1,334<span class=\"_ _458\"> </span></div></td><td></td></tr></table></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs316\">The borrowings of joint ventures and their subsidiaries <span class=\"ls360 ws2cb\">are non-recourse to the Group. All joint ventures are<span class=\"_ _458\"> </span></span><span class=\"ls360 ws2cb\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gs317\">incorporated in the United Kingdom, wi<span class=\"_ _d\"></span><span class=\"ws257\">th <span class=\"_ _1\"></span>the exception of Broadgate REIT Limi<span class=\"_ _6\"></span><span class=\"ls26f ws284\">ted, Eden Walk Shopping Centre Unit<span class=\"_ _458\"> </span></span></span><span class=\"ws257\"><span class=\"ls26f ws284\"> </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a4 ws2aa gs318\">Trust and Southgate Property Unit Trust which are incorpor<span class=\"_ _1\"></span>ated in Jersey.<span class=\"_ _458\"> </span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs319\">These financial statements include the results and financial <span class=\"ls299 ws2a3\">position of the Group\u2019s interest in BL Goodman <span class=\"_ _6\"></span>Limited<span class=\"_ _458\"> </span></span><span class=\"ls299 ws2a3\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws2a3 gs31a\">Partnership. Accordingly, advantage has been taken of the <span class=\"ls27d ws292\">exemptions provided by Regu<span class=\"ls272 ws287\">lation 7 of the Partnership<span class=\"_ _458\"> </span></span></span><span class=\"ls27d ws292\"><span class=\"ls272 ws287\"> </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls21c ws234 gs31b\">(Accounts) Regulations 2008 not to attach the partnership acco<span class=\"_ _1\"></span>unts to these financial statements.<span class=\"_ _458\"> </span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls295 ws2a6 gs31d\">The summarised income<span class=\"_ _6\"></span> statements and balance sh<span class=\"_ _6\"></span>eets below and on the followin<span class=\"_ _6\"></span>g page show 100% <span class=\"_ _6\"></span>of the results,<span class=\"_ _458\"> </span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs31e\">assets and liabilities of joint ventures to the nearest million.<span class=\"_ _458\"> </span> </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls354 ws3d2 gs31f\">Joint ventures\u2019 summary financial st<span class=\"ls32e ws368\">atements as at 31 M<span class=\"_ _6\"></span>arch 2024</span><span class=\"ls32e ws368\"> </span></div><div class=\"gs307\"><table class=\"s w558 h1fc\" id=\"_b83c835b-e310-4b3f-8a15-ab03f54cb2b3\"><tr><td class=\"t m0 x20e hbf y387e ff43 fsaf fc18 sc0 ls248 ws249\">See page 174 for additional information on each<span class=\"_ _6\"></span> joint venture </td><td class=\"t m0 x1cb h19e y387f ff43 fs150 fc18 sc0 ls355 ws1\">Broadgate </td><td class=\"c x8b7 y3880 w559 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls325 ws1\">Meadowhall</div><div class=\"t m0 x8b6 h72 y3625 ff43 fs63 fc18 sc0 ls1 ws1\">1</div></td><td class=\"t m0 x768 h19e y3881 ff43 fs150 fc18 sc0 ls356 ws3d3\"> WOSC </td><td class=\"t m0 x769 h19e y3882 ff43 fs150 fc18 sc0 ls341 ws3d4\">BL West End </td></tr><tr><td class=\"c n x1dc y3883 w55a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls361 ws403\">Grou<span class=\"_ _6\"></span>p <span class=\"_ _241\"></span>share<span class=\"_ _458\"> </span></div></td><td class=\"c n x8b8 y3883 w55b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls361 ws403\">50%<span class=\"_ _458\"> </span></div></td><td class=\"c n x8b9 y3883 w55b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls361 ws403\">50%<span class=\"_ _458\"> </span></div></td><td class=\"c n x8ba y3883 w55c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls361 ws403\">25%<span class=\"_ _458\"> </span></div></td><td class=\"c n x8bb y3883 w55d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls361 ws403\">2<span class=\"_ _6\"></span>5%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3884 ff42 fs151 fc18 sc0 ls217 ws22a\">Summarised income statements <span class=\"_ _78\"> </span><span class=\"ff43 ls3db ws610\"> <span class=\"_ _43d\"></span> <span class=\"_ _43d\"></span> </span><span class=\"ff43 ls3db ws610\"><span class=\"_ _43d\"></span> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1dc y3885 w55e h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">Revenue</div><div class=\"t m0 x371 h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x76f y3885 w55f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws404\">254<span class=\"_ _458\"> </span></div></td><td class=\"c n x8bc y3885 w560 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws404\">86<span class=\"_ _458\"> </span></div></td><td class=\"c n x8bd y3885 w561 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws404\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n x8be y3885 w562 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws404\">28<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3886 w48f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws1\">Costs<span class=\"_ _458\"> </span></div></td><td class=\"c n x8bf y3886 w563 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws405\">(88)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c0 y3886 w564 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws405\">(16)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c1 y3886 w565 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws405\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c2 y3886 w566 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws405\">(8)<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x777 y3887 w567 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws406\">166<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c3 y3887 w568 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws406\">70<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c4 y3887 w477 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws406\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n x2dd y3887 w569 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws406\">20<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3888 w56a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws407\">Administrative <span class=\"_ _2d6\"></span>expenses<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c5 y3888 w56b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws407\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c6 y3888 w183 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws407\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c7 y3888 w1b0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws407\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c8 y3888 w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws407\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3889 w56c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Net interest payable<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c9 y3889 w56d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">(68)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8ca y3889 w56e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">(23)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8cb y3889 w9c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x2b1 y3889 w56f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">(6)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y388a w570 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">Underlying Profit<span class=\"_ _458\"> </span></div></td><td class=\"c n x8cc y388a w571 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">97<span class=\"_ _458\"> </span></div></td><td class=\"c n x8cd y388a w572 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">47<span class=\"_ _458\"> </span></div></td><td class=\"c n x8ce y388a w573 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n x72a y388a w574 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">14<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y388b w575 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Net valuation movements on property<span class=\"_ _458\"> </span></div></td><td class=\"c n x8cf y388b w576 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(258)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8d0 y388b w577 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">24<span class=\"_ _458\"> </span></div></td><td class=\"c n x8d1 y388b w3aa h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(14)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8d2 y388b w578 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(19)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y388c w579 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Capital financing (charges) in<span class=\"_ _1\"></span>come<span class=\"_ _458\"> </span></div></td><td class=\"c n x8d3 y388c w57a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">(9)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8d4 y388c w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8d5 y388c w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8d6 y388c w1b0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y388d ff43 fs151 fc18 sc0 ls20d ws216\">(Loss) profit on disposal of in<span class=\"_ _1\"></span>vestment properties </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y388e ff43 fs151 fc18 sc0 ls252 ws340\">and investments </td><td class=\"c n x8d7 y388f w1a5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws408\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8d8 y388f w57b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws408\">12<span class=\"_ _458\"> </span></div></td><td class=\"c n x8d9 y388f w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws408\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8da y388f w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws408\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3890 w57c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws25f\">(Loss) profit before<span class=\"_ _1\"></span> ta<span class=\"ws409\">xation<span class=\"_ _458\"> </span></span></div></td><td class=\"c n x8db y3890 w57d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws409\">(171)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8dc y3890 w57e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws409\">83<span class=\"_ _458\"> </span></div></td><td class=\"c n x8dd y3890 w57f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws409\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8de y3890 w580 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws409\">(5)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3891 w4aa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws1\">Taxation<span class=\"_ _458\"> </span></div></td><td class=\"c n x79b y3891 w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws40a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8df y3891 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws40a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8e0 y3891 w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws40a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8e1 y3891 w581 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws40a\">(2)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3892 w582 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws20f\">(Loss) profit after taxation<span class=\"_ _458\"> </span></div></td><td class=\"c n x8e2 y3892 w583 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws20f\">(171)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8e3 y3892 w584 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws20f\">83<span class=\"_ _458\"> </span></div></td><td class=\"c n x8e4 y3892 w14f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws20f\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8e5 y3892 w585 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws20f\">(7)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3893 w586 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Other comprehensive income (expense)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8e6 y3893 w39c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x8e7 y3893 w47a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8e8 y3893 w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8e9 y3893 wa1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">(3)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3894 w587 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws3c8\">Total comprehensive (expense) <span class=\"ls20c ws215\">income<span class=\"_ _458\"> </span></span></div></td><td class=\"c n x8ea y3894 w588 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20c ws215\">(168)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8eb y3894 w589 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20c ws215\">81<span class=\"_ _458\"> </span></div></td><td class=\"c n x8ec y3894 w12a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20c ws215\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8ed y3894 w58a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20c ws215\">(10)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3895 w58b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">British Land share of total comprehensiv<span class=\"ls21a ws1\">e (expense) income<span class=\"_ _458\"> </span></span></div></td><td class=\"c n x8ee y3895 w58c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21a ws1\">(84)<span class=\"_ _458\"> </span></div></td><td class=\"c n x8ef y3895 w58d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21a ws1\">41<span class=\"_ _458\"> </span></div></td><td class=\"c n x8f0 y3895 w58e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21a ws1\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x2e5 y3895 w58f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21a ws1\">(3)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3896 ff42 fs151 fc18 sc0 ls205 ws20b\">British Land share of distributions payable </td><td class=\"t m0 x6e4 h19f y3897 ff42 fs151 fc18 sc0 ls213 ws1\">46 </td><td class=\"t m0 x8f1 h19f y3896 ff42 fs151 fc18 sc0 ls202 ws1\">5 </td><td class=\"c n x8f2 y3898 w590 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21f ws40b\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x8f3 y3898 w3e8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21f ws40b\">3<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3899 ff42 fs151 fc18 sc0 ls216 ws26b\">Summarised balance sheets <span class=\"_ _260\"> </span><span class=\"ff43 ls3db ws610\"> <span class=\"_ _43d\"></span> <span class=\"_ _43d\"></span> </span><span class=\"ff43 ls3db ws610\"><span class=\"_ _43d\"></span> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y389a w591 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Investment and trading properties<span class=\"_ _458\"> </span></div></td><td class=\"c n x8f4 y389a w4b5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">4,151<span class=\"_ _458\"> </span></div></td><td class=\"c n x8f5 y389a w592 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">729<span class=\"_ _458\"> </span></div></td><td class=\"c n x8f6 y389a w593 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">123<span class=\"_ _458\"> </span></div></td><td class=\"c n x8f7 y389a w594 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">446<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y389b w595 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Other non-current assets<span class=\"_ _458\"> </span></div></td><td class=\"c n x8f8 y389b w2fe h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">24<span class=\"_ _458\"> </span></div></td><td class=\"c n x8f9 y389b w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8fa y389b w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x8fb y389b w596 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">17<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y389c w597 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws40c\">Current <span class=\"_ _2cf\"></span>assets<span class=\"_ _458\"> </span></div></td><td class=\"c n x8fc y389c w598 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws40c\">32<span class=\"_ _458\"> </span></div></td><td class=\"c n x8fd y389c w599 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws40c\">22<span class=\"_ _458\"> </span></div></td><td class=\"c n x8fe y389c w192 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws40c\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x8ff y389c w192 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws40c\">2<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y389d w4c6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">Cash and cash equivalents<span class=\"_ _458\"> </span></div></td><td class=\"c n x900 y389d w59a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">184<span class=\"_ _458\"> </span></div></td><td class=\"c n x901 y389d w59b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">59<span class=\"_ _458\"> </span></div></td><td class=\"c n x2ed y389d w59c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x902 y389d w59d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">13<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y389e w59e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls213 ws25c\">Gross assets<span class=\"_ _458\"> </span></div></td><td class=\"c n x903 y389e w59f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls213 ws25c\">4,391<span class=\"_ _458\"> </span></div></td><td class=\"c n x904 y389e w5a0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls213 ws25c\">810<span class=\"_ _458\"> </span></div></td><td class=\"c n x905 y389e w422 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls213 ws25c\">130<span class=\"_ _458\"> </span></div></td><td class=\"c n x906 y389e w5a1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls213 ws25c\">478<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y389f w5a2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Current liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n x907 y389f w5a3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">(142)<span class=\"_ _458\"> </span></div></td><td class=\"c n x908 y389f w163 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">(52)<span class=\"_ _458\"> </span></div></td><td class=\"c n x909 y389f w5a4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">(5)<span class=\"_ _458\"> </span></div></td><td class=\"c n x90a y389f w592 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">(13)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38a0 w5a5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Bank and securitised debt<span class=\"_ _458\"> </span></div></td><td class=\"c n x90b y38a0 w5a6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">(1,565)<span class=\"_ _458\"> </span></div></td><td class=\"c n x90c y38a0 w5a7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">(443)<span class=\"_ _458\"> </span></div></td><td class=\"c n x90d y38a0 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x90e y38a0 w5a8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">(159)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38a1 w5a9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Loans from joint venture partners<span class=\"_ _458\"> </span></div></td><td class=\"c n x7ce y38a1 w5aa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">(1,268)<span class=\"_ _458\"> </span></div></td><td class=\"c n x90f y38a1 w5ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">(638)<span class=\"_ _458\"> </span></div></td><td class=\"c n x910 y38a1 w63 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">(58)<span class=\"_ _458\"> </span></div></td><td class=\"c n x911 y38a1 w5ac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">(15)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38a2 w5ad h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Other non-current liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n x912 y38a2 w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x913 y38a2 w5ae h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n x914 y38a2 w5af h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x915 y38a2 w5b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">(15)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38a3 w5b1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls220 ws254\">Gross liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n x916 y38a3 w5b2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls220 ws254\">(2,975)<span class=\"_ _458\"> </span></div></td><td class=\"c n x917 y38a3 w5b3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls220 ws254\">(1,136)<span class=\"_ _458\"> </span></div></td><td class=\"c n x918 y38a3 w5b4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls220 ws254\">(67)<span class=\"_ _458\"> </span></div></td><td class=\"c n x919 y38a3 w5b5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls220 ws254\">(202)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38a4 w4dd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws219\">Net assets (liabilities)<span class=\"_ _458\"> </span></div></td><td class=\"c n x91a y38a4 w5b6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws219\">1,416<span class=\"_ _458\"> </span></div></td><td class=\"c n x91b y38a4 w3ce h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws219\">(326)<span class=\"_ _458\"> </span></div></td><td class=\"c n x91c y38a4 w5b7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws219\">63<span class=\"_ _458\"> </span></div></td><td class=\"c n x91d y38a4 w5b8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws219\">276<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3655 w5b9 h1d6\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21f ws237\">British Land share of net assets less shareholder loans</div><div class=\"t m0 x7e1 h1a0 y362c ff42 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x91e y3655 w5ba h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls35e ws40d\">708<span class=\"_ _458\"> </span></div></td><td class=\"c n x91f y3655 w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls35e ws40d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x920 y3655 w5bb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls35e ws40d\">16<span class=\"_ _458\"> </span></div></td><td class=\"c n x921 y3655 w5bc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls35e ws40d\">69<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls32b ws363 gs320\">1. <span class=\"_ _24\"> </span>In accordance with the Group\u2019s accounting <span class=\"ls1 ws48\">policies detailed in Note 1, the Group recognises a n<span class=\"_ _6\"></span>il equity investment in joint<span class=\"ls230 ws264\"> ventures<span class=\"_ _458\"> </span></span></span><span class=\"ls1 ws48\"><span class=\"ls230 ws264\"> </span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22c ws263 gs321\">in a net liability position at year end.<span class=\"_ _458\"> </span> </div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22c ws24a gs322\">2. Included in the column headed <span class=\"_ _6\"></span>\u2018Other joint ventures\u2019 are cont<span class=\"ls26a ws27f\">ribu<span class=\"_ _6\"></span>tions from the following<span class=\"_ _6\"></span>: BL<span class=\"ls248 ws249\"> Goodman Limited Partnership,<span class=\"_ _458\"> </span></span></span><span class=\"ls26a ws27f\"><span class=\"ls248 ws249\"> </span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls19f ws260 gs323\">Bluebutton Property Management UK Limited<span class=\"_ _d\"></span>, City of London Office Un<span class=\"ls225 ws244\">it Trust, Reading Gate<span class=\"_ _6\"></span> Retail Park Co-Ownership, Ede<span class=\"_ _6\"></span>n Walk<span class=\"_ _458\"> </span></span><span class=\"ls225 ws244\"> </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls255 ws262 gs324\">Shopping Centre Unit Trust and Whitel<span class=\"ls19f ws260\">ey Shopping Centre<span class=\"_ _6\"></span> Unit Trust.<span class=\"_ _458\"> </span></span><span class=\"ls19f ws260\"> </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22f ws24b gs325\">3. Revenue includes gross rental i<span class=\"_ _6\"></span>ncome at <span class=\"ls22e ws8b\">100% share of \u00a3375m (2022/23: \u00a3359m). <span class=\"_ _ab\"> </span></span><span class=\"ls22e ws8b\"> </span></div><div class=\"gs327\"><table class=\"s w5bd h1fd\" id=\"_4bda26a0-dfe1-489e-862b-b7d9fa02557c\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x923 h19e y38a5 ff42 fs150 fc18 sc0 ls1f4 ws1\">Total </td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x924 h19e y38a6 ff43 fs150 fc18 sc0 ls1fb ws2fb\">Hercules Unit </td><td class=\"t m0 x925 h19e y38a6 ff43 fs150 fc18 sc0 ls1fe ws2e8\">Other joint </td><td class=\"t m0 x926 h19e y38a6 ff42 fs150 fc18 sc0 ls1f4 ws1\">Total </td><td class=\"t m0 x927 h19e y38a7 ff42 fs150 fc18 sc0 ls1ff ws2fd\"> Group share </td></tr><tr><td class=\"t m0 x928 h19e y38a8 ff43 fs150 fc18 sc0 ls335 ws3b0\">Canada Water </td><td class=\"c x92a y38a9 w5be h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls259 ws1\">Paddington</div><div class=\"t m0 x929 h72 y3625 ff43 fs63 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x92b y38aa w5bf h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fd ws302\">1 Triton Square<span class=\"_ _458\"> </span></div></td><td class=\"c n x92c y38aa w5c0 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fd ws302\">SouthGate<span class=\"_ _458\"> </span></div></td><td class=\"t m0 x92d h19e y38a8 ff43 fs150 fc18 sc0 ls25e ws315\">Trust JV </td><td class=\"c x92e y38aa w5c1 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2ef ws1\">ventures</div><div class=\"t m0 x7ec h72 y3625 ff43 fs63 fc18 sc0 ls1 ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"t m0 x926 h19e y38a8 ff42 fs150 fc18 sc0 ls1f4 ws1\">2024 </td><td class=\"t m0 x923 h19e y38ab ff42 fs150 fc18 sc0 ls1f4 ws1\">2024 </td></tr><tr><td class=\"c n x92f y38ac w5c2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls362 ws40e\">50%<span class=\"_ _458\"> </span></div></td><td class=\"c n x930 y38ac w5c3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls362 ws40e\">25%<span class=\"_ _458\"> </span></div></td><td class=\"c n x931 y38ac w56d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls362 ws40e\">5<span class=\"_ _6\"></span>0%<span class=\"_ _458\"> </span></div></td><td class=\"c n x932 y38ac w56d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls362 ws40e\">50<span class=\"_ _6\"></span>%<span class=\"_ _458\"> </span></div></td><td class=\"c n x933 y38ac w5c4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls362 ws40e\">Vario<span class=\"_ _6\"></span>us<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x934 y3885 w5c5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws40f\">9<span class=\"_ _458\"> </span></div></td><td class=\"c n x935 y3885 w5c6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws40f\">51<span class=\"_ _458\"> </span></div></td><td class=\"c n x936 y3885 w5c7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws40f\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x937 y3885 w5c8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws40f\">16<span class=\"_ _458\"> </span></div></td><td class=\"c n x938 y3885 w5c9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws40f\">18<span class=\"_ _458\"> </span></div></td><td class=\"c n x939 y3885 w5c9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws40f\">18<span class=\"_ _458\"> </span></div></td><td class=\"c n x93a y3885 w5ca h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws40f\">489<span class=\"_ _458\"> </span></div></td><td class=\"c n x93b y3885 w5cb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws40f\">222<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x93c y38ad w5cc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws410\">(7)<span class=\"_ _458\"> </span></div></td><td class=\"c n x93d y38ad w5cd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws410\">(13)<span class=\"_ _458\"> </span></div></td><td class=\"c n x93e y38ad w237 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws410\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x93f y38ad w5ce h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws410\">(5)<span class=\"_ _458\"> </span></div></td><td class=\"c n x940 y38ad w5cf h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws410\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x941 y38ad w5d0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws410\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x942 y38ad w5d1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws410\">(146)<span class=\"_ _458\"> </span></div></td><td class=\"c n x943 y38ad w45e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws410\">(67)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x934 y3887 w192 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws411\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x944 y3887 w33c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws411\">38<span class=\"_ _458\"> </span></div></td><td class=\"c n x945 y3887 w236 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws411\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x946 y3887 w5d2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws411\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n x947 y3887 w5d3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws411\">16<span class=\"_ _458\"> </span></div></td><td class=\"c n x948 y3887 w5d4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws411\">14<span class=\"_ _458\"> </span></div></td><td class=\"c n x949 y3887 w5d5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws411\">343<span class=\"_ _458\"> </span></div></td><td class=\"c n x94a y3887 w30d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws411\">155<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x94b y3888 w5d6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws412\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x94c y3888 w237 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws412\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x94d y3888 w24f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws412\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x94e y3888 wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws412\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x94f y3888 w238 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws412\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x950 y3888 w5d7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws412\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x951 y3888 w5d8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws412\">(5)<span class=\"_ _458\"> </span></div></td><td class=\"c n x952 y3888 w5d9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws412\">(2)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x953 y38ae w5a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws413\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x954 y38ae w5da h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws413\">(26)<span class=\"_ _458\"> </span></div></td><td class=\"c n x955 y38ae wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws413\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x956 y38ae w40b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws413\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x957 y38ae wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws413\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x958 y38ae wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws413\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x959 y38ae w5db h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws413\">(123)<span class=\"_ _458\"> </span></div></td><td class=\"c n x95a y38ae w5dc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws413\">(53)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x934 y38af w52a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws414\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x95b y38af w5dd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws414\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n x95c y38af w24f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws414\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x95d y38af w5de h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws414\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n x95e y38af w4fa h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws414\">15<span class=\"_ _458\"> </span></div></td><td class=\"c n x95f y38af w49d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws414\">13<span class=\"_ _458\"> </span></div></td><td class=\"c n x960 y38af w5df h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws414\">215<span class=\"_ _458\"> </span></div></td><td class=\"c n x961 y38af w5e0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws414\">100<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x962 y388b w24c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws415\">(89)<span class=\"_ _458\"> </span></div></td><td class=\"c n x963 y388b w5e1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws415\">(36)<span class=\"_ _458\"> </span></div></td><td class=\"c n x964 y388b w47d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws415\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x965 y388b w24f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws415\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x966 y388b w20c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws415\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n x967 y388b w5e2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws415\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x968 y388b w5e3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws415\">(390)<span class=\"_ _458\"> </span></div></td><td class=\"c n x969 y388b w5e4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws415\">(179)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x953 y38b0 w4a1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws416\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x96a y38b0 w1a9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws416\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x96b y38b0 wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws416\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x96c y38b0 w3c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws416\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x96d y38b0 w3c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws416\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x96e y38b0 w9c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws416\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x96f y38b0 w5e5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws416\">(10)<span class=\"_ _458\"> </span></div></td><td class=\"c n x970 y38b0 w4ce h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws416\">(5)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x971 y38b1 w80 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws417\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x972 y38b1 w17e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws417\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x973 y38b1 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws417\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x974 y38b1 w80 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws417\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x975 y38b1 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws417\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x976 y38b1 wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws417\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x977 y38b1 w5e6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws417\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n x978 y38b1 w5e7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws417\">5<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x962 y3890 w5e8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls211 ws418\">(86)<span class=\"_ _458\"> </span></div></td><td class=\"c n x979 y3890 w61 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls211 ws418\">(27)<span class=\"_ _458\"> </span></div></td><td class=\"c n x97a y3890 w5e9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls211 ws418\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x97b y3890 w5ea h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls211 ws418\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n x97c y3890 w5eb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls211 ws418\">23<span class=\"_ _458\"> </span></div></td><td class=\"c n x97d y3890 w5ec h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls211 ws418\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n x97e y3890 w5ed h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls211 ws418\">(174)<span class=\"_ _458\"> </span></div></td><td class=\"c n x97f y3890 w5ee h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls211 ws418\">(79)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x971 y38b2 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws419\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x980 y38b2 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws419\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x981 y38b2 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws419\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x982 y38b2 w43 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws419\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x983 y38b2 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws419\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x984 y38b2 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws419\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x985 y38b2 w5ef h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws419\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x986 y38b2 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws419\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x962 y3892 w5f0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls252 ws41a\">(86)<span class=\"_ _458\"> </span></div></td><td class=\"c n x987 y3892 w5f1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls252 ws41a\">(27)<span class=\"_ _458\"> </span></div></td><td class=\"c n x988 y3892 w5f2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls252 ws41a\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x989 y3892 w5f3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls252 ws41a\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n x98a y3892 w5f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls252 ws41a\">23<span class=\"_ _458\"> </span></div></td><td class=\"c n x98b y3892 w5f5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls252 ws41a\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n x98c y3892 w5f6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls252 ws41a\">(176)<span class=\"_ _458\"> </span></div></td><td class=\"c n x98d y3892 w5f7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls252 ws41a\">(79)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x971 y38b3 w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws41b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x980 y38b3 w98 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws41b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x981 y38b3 w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws41b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x982 y38b3 w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws41b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x983 y38b3 w527 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws41b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x984 y38b3 w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws41b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x985 y38b3 w5f8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws41b\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x98e y38b3 w5f9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws41b\">(1)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x962 y38b4 w5fa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws41c\">(86)<span class=\"_ _458\"> </span></div></td><td class=\"c n x98f y38b4 w5fb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws41c\">(27)<span class=\"_ _458\"> </span></div></td><td class=\"c n x990 y38b4 w5e9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws41c\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x991 y38b4 w5fc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws41c\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n x992 y38b4 w5fd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws41c\">23<span class=\"_ _458\"> </span></div></td><td class=\"c n x993 y38b4 w5fe h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws41c\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n x994 y38b4 w5ff h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws41c\">(178)<span class=\"_ _458\"> </span></div></td><td class=\"c n x995 y38b4 w600 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws41c\">(80)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x962 y3895 w601 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20d ws41d\">(43)<span class=\"_ _458\"> </span></div></td><td class=\"c n x996 y3895 w602 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20d ws41d\">(7)<span class=\"_ _458\"> </span></div></td><td class=\"c n x997 y3895 w603 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20d ws41d\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n x998 y3895 w343 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20d ws41d\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x999 y3895 w428 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20d ws41d\">12<span class=\"_ _458\"> </span></div></td><td class=\"c n x99a y3895 w429 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20d ws41d\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n x99b y3895 w604 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20d ws41d\">(80)<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td class=\"c n x971 y38b5 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls218 ws41e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x972 y38b5 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls218 ws41e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x99c y38b5 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls218 ws41e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"t m0 x99d h19f y38b6 ff42 fs151 fc18 sc0 ls202 ws1\">5 </td><td class=\"c n x99e y38b5 w3ed h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws41f\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n x99f y38b5 w605 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws41f\">9<span class=\"_ _458\"> </span></div></td><td class=\"c n x9a0 y38b5 w606 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws41f\">77<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td class=\"c n x9a1 y389a w607 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws420\">677<span class=\"_ _458\"> </span></div></td><td class=\"c n x9a2 y389a w267 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws420\">861<span class=\"_ _458\"> </span></div></td><td class=\"c n x9a3 y389a w608 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws420\">381<span class=\"_ _458\"> </span></div></td><td class=\"c n x9a4 y389a w609 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws420\">140<span class=\"_ _458\"> </span></div></td><td class=\"c n x9a5 y389a w60a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws420\">196<span class=\"_ _458\"> </span></div></td><td class=\"c n x9a6 y389a w60b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws420\">198<span class=\"_ _458\"> </span></div></td><td class=\"c n x9a7 y389a w60c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws420\">7,902<span class=\"_ _458\"> </span></div></td><td class=\"c n x9a8 y389a w60d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws420\">3,593<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x971 y38b7 w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws421\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9a9 y38b7 w60e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws421\">21<span class=\"_ _458\"> </span></div></td><td class=\"c n x9aa y38b7 w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws421\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ab y38b7 w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws421\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ac y38b7 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws421\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ad y38b7 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws421\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ae y38b7 w60f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws421\">62<span class=\"_ _458\"> </span></div></td><td class=\"c n x9af y38b7 w610 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws421\">21<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x934 y389c w221 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws422\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x9b0 y389c w611 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws422\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n x9b1 y389c w612 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws422\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x9b2 y389c w81 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws422\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n x9b3 y389c w613 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws422\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9b4 y389c w221 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws422\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n x9b5 y389c w4ee h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws422\">79<span class=\"_ _458\"> </span></div></td><td class=\"c n x9b6 y389c w614 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws422\">34<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x93c y389d wcc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws423\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n x9b7 y389d w615 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws423\">27<span class=\"_ _458\"> </span></div></td><td class=\"c n x9b8 y389d w20c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws423\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n x9b9 y389d w616 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws423\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ba y389d w617 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws423\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n x9bb y389d w618 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws423\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n x9bc y389d w41e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws423\">327<span class=\"_ _458\"> </span></div></td><td class=\"c n x9bd y389d w619 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws423\">152<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x9be y38b8 w61a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws424\">692<span class=\"_ _458\"> </span></div></td><td class=\"c n x9bf y38b8 w61b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws424\">915<span class=\"_ _458\"> </span></div></td><td class=\"c n x9c0 y38b8 w61c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws424\">393<span class=\"_ _458\"> </span></div></td><td class=\"c n x9c1 y38b8 w61d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws424\">145<span class=\"_ _458\"> </span></div></td><td class=\"c n x9c2 y38b8 w61e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls206 ws424\">20<span class=\"ls201 ws425\">7<span class=\"_ _458\"> </span></span></div></td><td class=\"c n x9c3 y38b8 w61f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls201 ws425\">209<span class=\"_ _458\"> </span></div></td><td class=\"c n x9c4 y38b8 w620 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls201 ws425\">8,370<span class=\"_ _458\"> </span></div></td><td class=\"c n x9c5 y38b8 w621 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls201 ws425\">3,800<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x9a1 y38b9 w622 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws426\">(40)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9c6 y38b9 w601 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws426\">(30)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9c7 y38b9 w4f7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws426\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9c8 y38b9 w623 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws426\">(7)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9c9 y38b9 w5d0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws426\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ca y38b9 w12a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws426\">(9)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9cb y38b9 w624 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws426\">(305)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9cc y38b9 w625 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws426\">(138)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x962 y38a0 w626 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws427\">(85)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9cd y38a0 w627 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws427\">(511)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ce y38a0 w170 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws427\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9cf y38a0 w170 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws427\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9d0 y38a0 w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws427\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9d1 y38a0 w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws427\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9d2 y38a0 w628 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws427\">(2,763)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9d3 y38a0 w629 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws427\">(1,214)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x971 y38ba wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws428\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9d4 y38ba w62a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws428\">(455)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9d5 y38ba w62b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws428\">(232)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9d6 y38ba wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws428\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9d7 y38ba w5b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws428\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9d8 y38ba w53f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws428\">(101)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9d9 y38ba w62c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws428\">(2,767)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9da y38ba w62d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws428\">(1,252)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x971 y38bb w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws429\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9db y38bb w62e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws429\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9dc y38bb w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws429\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9dd y38bb w62f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws429\">(28)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9de y38bb w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws429\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9df y38bb w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws429\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9e0 y38bb w630 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws429\">(51)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9e1 y38bb w32 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws429\">(19)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x9e2 y38bc w441 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42a\">(125)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9e3 y38bc w631 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42a\">(997)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9e4 y38bc w632 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42a\">(235)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9e5 y38bc w633 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42a\">(35)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9e6 y38bc w634 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42a\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9e7 y38bc w635 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42a\">(110)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9e8 y38bc w636 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42a\">(5,886)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9e9 y38bc w637 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42a\">(2,623)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x9a1 y38a4 w638 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws42b\">567<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ea y38a4 w639 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws42b\">(82)<span class=\"_ _458\"> </span></div></td><td class=\"c n x9eb y38a4 w63a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws42b\">158<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ec y38a4 w63b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws42b\">110<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ed y38a4 w5ba h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws42b\">203<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ee y38a4 w63c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws42b\">99<span class=\"_ _458\"> </span></div></td><td class=\"c n x9ef y38a4 w63d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws42b\">2,484<span class=\"_ _458\"> </span></div></td><td class=\"c n x9f0 y38a4 w63e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws42b\">1,177<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x9a1 y3655 w63f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42c\">283<span class=\"_ _458\"> </span></div></td><td class=\"c n x9f1 y3655 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x9f2 y3655 w640 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42c\">79<span class=\"_ _458\"> </span></div></td><td class=\"c n x9f3 y3655 w641 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42c\">55<span class=\"_ _458\"> </span></div></td><td class=\"c n x9f4 y3655 w642 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42c\">102<span class=\"_ _458\"> </span></div></td><td class=\"c n x9f5 y3655 w643 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42c\">50<span class=\"_ _458\"> </span></div></td><td class=\"c n x9f6 y3655 w644 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws42c\">1,362<span class=\"_ _458\"> </span></div></td><td></td></tr></table></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs328\">The borrowings of joint ventures and their subsidiaries <span class=\"ls360 ws2cb\">are non-recourse to the Group. All joint ventures are<span class=\"_ _458\"> </span></span><span class=\"ls360 ws2cb\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gs329\">incorporated in the United Kingdom, wi<span class=\"_ _d\"></span><span class=\"ws257\">th <span class=\"_ _1\"></span>the exception of Broadgate REIT Limi<span class=\"_ _6\"></span><span class=\"ls26f ws284\">ted, Eden Walk Shopping Centre Unit<span class=\"_ _458\"> </span></span></span><span class=\"ws257\"><span class=\"ls26f ws284\"> </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws25b gs32a\">Trust and Southgate Property Unit Trust which are incorporated in Jers<span class=\"_ _1\"></span>ey.  </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs105\">These financial statements include the results and financial <span class=\"ls299 ws2a3\">position of the Group\u2019s interest in BL Goodman <span class=\"_ _6\"></span>Limited<span class=\"_ _458\"> </span></span><span class=\"ls299 ws2a3\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws2a3 gs32b\">Partnership. Accordingly, advantage has been taken of the <span class=\"ls27d ws292\">exemptions provided by Regu<span class=\"ls272 ws287\">lation 7 of the Partnership<span class=\"_ _458\"> </span></span></span><span class=\"ls27d ws292\"><span class=\"ls272 ws287\"> </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls21c ws234 gs107\">(Accounts) Regulations 2008 not to attach the partnership acco<span class=\"_ _1\"></span>unts to these financial statements.<span class=\"_ _458\"> </span> </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls2f6 ws2f7 gs32d\">Summary of joint venture details </div><div class=\"gs32e\"><table class=\"s w645 h1fe\" id=\"_f8012ef1-6d9e-44f6-ab37-368dbaf86cae\"><tr><td class=\"c n x1dc y38bd w646 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fb ws2ea\">Joint venture<span class=\"_ _458\"> </span></div></td><td class=\"c n x9f7 y38bd w647 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fb ws2ea\">Name<span class=\"_ _458\"> </span></div></td><td class=\"c n x9f8 y38bd w648 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fb ws2ea\">Partner<span class=\"_ _458\"> </span></div></td><td class=\"c n x9f9 y38bd w649 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fb ws2ea\">Property sector<span class=\"_ _458\"> </span></div></td><td class=\"c n x9fa y38bd w64a h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fb ws2ea\">Group share<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38be w64b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Broadgate REIT Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n x9fb y38be w64c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Broadgate<span class=\"_ _458\"> </span></div></td><td class=\"c n x9fc y38be w64d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Euro <span class=\"ls20d ws22a\">Bluebell L<span class=\"_ _1\"></span>LP (GIC)<span class=\"_ _458\"> </span></span></div></td><td class=\"c n x9fd y38be w64e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws22a\">City Campu<span class=\"_ _1\"></span>ses<span class=\"_ _458\"> </span></div></td><td class=\"c n x9fe y38be w64f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws22a\">50%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y38bf ff43 fs151 fc18 sc0 ls206 ws42d\">MSC Property Intermediate Holdings  </td><td class=\"c n x9ff y38c0 w650 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws42e\">Meadowhall<span class=\"_ _458\"> </span></div></td><td class=\"c n xa00 y38c0 w651 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws42e\">Norges <span class=\"_ _2b2\"></span>Bank <span class=\"_ _2b2\"></span>Investment<span class=\"_ _458\"> </span></div></td><td class=\"c n xa01 y38c0 w652 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws24f\">Shopping Centre<span class=\"_ _458\"> </span></div></td><td class=\"c xa03 y38c0 w653 h1d0\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws24f\">0%</div><div class=\"t m0 xa02 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y38c1 ff43 fs151 fc18 sc0 ls242 ws1\">Limited </td><td></td><td class=\"t m0 xa04 h19f y38c2 ff43 fs151 fc18 sc0 ls252 ws1\">Management </td><td></td><td></td></tr><tr><td class=\"c n x1dc y38c3 w654 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">WOSC Partners Limited Partnership<span class=\"_ _458\"> </span></div></td><td class=\"c n xa05 y38c3 w655 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">WOSC<span class=\"_ _458\"> </span></div></td><td class=\"c n xa06 y38c3 w656 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Norges Bank Investment<span class=\"_ _458\"> </span></div></td><td class=\"c n xa01 y38c3 w657 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws339\">Shopping Centre<span class=\"_ _458\"> </span></div></td><td class=\"c n xa07 y38c3 w658 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws339\">25%<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m0 xa04 h19f y38c4 ff43 fs151 fc18 sc0 ls252 ws1\">Management </td><td></td><td></td></tr><tr><td class=\"c n x1dc y38c5 w659 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws254\">BL West End Offices Li<span class=\"_ _1\"></span>mited<span class=\"_ _458\"> </span></div></td><td class=\"c n xa08 y38c5 w65a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws254\">BL West End<span class=\"_ _458\"> </span></div></td><td class=\"c n xa09 y38c5 w65b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws254\">Pimco Prime<span class=\"_ _458\"> </span></div></td><td class=\"c n xa0a y38c5 w65c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws254\">West En<span class=\"_ _1\"></span>d Campuses<span class=\"_ _458\"> </span></div></td><td class=\"c n xa0b y38c5 w65d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws254\">25%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y389e w65e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">BL CW Upper Limited Partnership<span class=\"_ _458\"> </span></div></td><td class=\"c n xa0c y389e w65f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Canada Water<span class=\"_ _458\"> </span></div></td><td class=\"c n xa0d y389e w660 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Australian <span class=\"_ _1\"></span>Super<span class=\"_ _458\"> </span></div></td><td class=\"c n xa0e y389e w661 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Other Campuses<span class=\"_ _458\"> </span></div></td><td class=\"c n xa0f y389e w64f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">50%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y38c6 ff43 fs151 fc18 sc0 ls21b ws240\">Paddington Property Investment  </td><td class=\"c n x9ff y38c7 w662 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws42f\">Paddington<span class=\"_ _458\"> </span></div></td><td class=\"c n xa10 y38c7 w663 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws42f\">Euro <span class=\"_ _2b6\"></span>Emerald <span class=\"_ _2b6\"></span>Private<span class=\"_ _458\"> </span></div></td><td class=\"c n xa01 y38c7 w664 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws254\">West End Campuses<span class=\"_ _458\"> </span></div></td><td class=\"c n xa11 y38c7 w65d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws254\">25%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y38c8 ff43 fs151 fc18 sc0 ls217 ws22a\">Limited Partnership </td><td></td><td class=\"t m0 xa04 h19f y38c8 ff43 fs151 fc18 sc0 ls211 ws21a\">Limited (GIC) </td><td></td><td></td></tr><tr><td class=\"c n x1dc y38c9 w665 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">One Triton Holding Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xa12 y38c9 w666 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">1 Triton Square</div></td><td class=\"t m0 xa04 h19f y38ca ff43 fs151 fc18 sc0 ls20e ws339\">The Royal London Mutual </td><td class=\"c n xa01 y38c9 w667 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws21a\">West End Campuses<span class=\"_ _458\"> </span></div></td><td class=\"c n xa13 y38c9 w668 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws21a\">50%<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m0 xa04 h19f y38cb ff43 fs151 fc18 sc0 ls205 ws20b\">Insurance Society Limited </td><td></td><td></td></tr><tr><td class=\"c n x1dc y38cc w669 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Southgate Property Unit Trust<span class=\"_ _458\"> </span></div></td><td class=\"c n xa14 y38cc w66a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">SouthGate<span class=\"_ _458\"> </span></div></td><td class=\"c n xa15 y38cc w66b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Aviva Investors<span class=\"_ _458\"> </span></div></td><td class=\"c n xa16 y38cc w66c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Shopping <span class=\"_ _1\"></span>Centre<span class=\"_ _458\"> </span></div></td><td class=\"c n xa17 y38cc w64f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">50%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38cd w66d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Hercules Unit Trust joint venture<span class=\"_ _458\"> </span></div></td><td class=\"c n xa18 y38cd w66e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Hercules Unit</div></td><td class=\"t m0 xa04 h19f y38ce ff43 fs151 fc18 sc0 ls217 ws22a\">The Prudential Assurance </td><td class=\"c n xa01 y38cd w66f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Retail Parks<span class=\"_ _458\"> </span></div></td><td class=\"c n xa19 y38cd w670 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">50%<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xa1a h19f y38cf ff43 fs151 fc18 sc0 ls21f ws237\">Trust JV </td><td class=\"t m0 xa04 h19f y38cf ff43 fs151 fc18 sc0 ls220 ws254\">Company Limited </td><td></td><td></td></tr></table></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls365 ws430 gs32f\">1. <span class=\"_ _24\"> </span>On 12 July 2024 the<span class=\"_ _6\"></span> Group completed the disp<span class=\"_ _6\"></span>osal of its 50<span class=\"_ _d\"></span><span class=\"ls22f ws24b\">% shareholding in the Meadowhall Shopping Centre joint venture.<span class=\"_ _458\"> </span></span><span class=\"ls22f ws24b\"> </span></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls2ba ws2c1 gs330\">Operating cash flows of join<span class=\"ls32a ws35f\">t ventures (Group share)</span><span class=\"ls32a ws35f\"> </span></div><div class=\"gs331\"><table class=\"s w558 h1ff\" id=\"_64a53045-172c-4f14-b778-d2d13d006e12\"><tr><td></td><td class=\"t m0 x273 h19e y38d0 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y38d0 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y38d1 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y38d1 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y386a w116 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">Income received from tenants<span class=\"_ _458\"> </span></div></td><td class=\"c n xa1b y386a w671 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">176<span class=\"_ _458\"> </span></div></td><td class=\"c n xa1c y386a w672 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws1\">228<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38d2 w11d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Operating expenses paid to suppliers and empl<span class=\"_ _1\"></span>oyees<span class=\"_ _458\"> </span></div></td><td class=\"c n xa1d y38d2 w673 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls366 ws1\">(70)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa1e y38d2 w674 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(80)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38d3 w120 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls223 ws250\">Cash generated from operations<span class=\"_ _458\"> </span></div></td><td class=\"c n xa1f y38d3 w675 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">106<span class=\"_ _458\"> </span></div></td><td class=\"c n xa20 y38d3 w676 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws1\">148<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3781 w123 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Interest paid<span class=\"_ _458\"> </span></div></td><td class=\"c n xa21 y3781 w677 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws1\">(46)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa22 y3781 w61 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">(59)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38d4 w126 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Interest received<span class=\"_ _458\"> </span></div></td><td class=\"c n xa23 y38d4 w561 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws1\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n xa24 y38d4 w561 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">8<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38d5 w678 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">UK corporation tax paid<span class=\"_ _458\"> </span></div></td><td class=\"c n xa25 y38d5 w29c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls221 ws1\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa26 y38d5 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3708 w679 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21a ws1\">Cash inflow from operating activities<span class=\"_ _458\"> </span></div></td><td class=\"c n xa27 y3708 w3f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws1\">64<span class=\"_ _458\"> </span></div></td><td class=\"c n xa28 y3708 w67a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws1\">97<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y38d6 ff42 fs151 fc18 sc0 ls21a ws1\">Cash inflow from operating activities deployed as: <span class=\"_ _2e4\"> </span><span class=\"fc16 ls1\"> <span class=\"_ _100\"> </span></span><span class=\"fc16 ls1\"><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y370a w67b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws240\">(Deficit) surplus cash retained within joint ventures<span class=\"_ _458\"> </span></div></td><td class=\"c n x4f7 y370a w14f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa29 y370a w67c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">20<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w67d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Revenue distributions per consolidate<span class=\"_ _1\"></span>d statement of cash flows<span class=\"_ _458\"> </span></div></td><td class=\"c n xa2a y3652 w2b1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23f ws1\">72<span class=\"_ _458\"> </span></div></td><td class=\"c n xa2b y3652 w12e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws1\">77<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y38d7 ff42 fs151 fc18 sc0 ls206 ws22f\">Revenue distributions split between co<span class=\"ls209 ws240\">ntrolling and non-control<span class=\"_ _1\"></span>ling interests</span><span class=\"ls209 ws240\"> <span class=\"_ _144\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _100\"> </span></span></span><span class=\"ls209 ws240\"><span class=\"fc16 ls1 ws1\"><span class=\"ff43 fc18\"> </span></span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y36b7 w7e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Attributable to non-controlling interests<span class=\"_ _458\"> </span></div></td><td class=\"c n x280 y36b7 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ca y36b7 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 wb3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21a ws1\">Attributable to shareholders of the Company<span class=\"_ _458\"> </span></div></td><td class=\"c n x2a4 y3655 w2b1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23f ws1\">72<span class=\"_ _458\"> </span></div></td><td class=\"c n xa2c y3655 w67e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws1\">77<span class=\"_ _458\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-530": {
   "value": "<div class=\"t m0 h1a7 ff42 fs153 fc16 sc0 ls367 ws431 gs333\">12 Other <span class=\"_ _27\"></span>investment<span class=\"_ _1\"></span>s </div><div class=\"gs334\"><table class=\"s w67f h200\" id=\"_1798eb59-eba5-4009-b1c9-db1cec2d0351\"><tr><td></td><td></td><td class=\"c n xa2d y38d8 w680 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f4 ws432\">2025<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td class=\"c n xa2e y38d8 w1c3 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f5 ws433\">2024<span class=\"_ _458\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xa2f h19e y38d9 ff42 fs150 fc16 sc0 ls321 ws365\">Fair value </td><td></td><td></td><td></td><td class=\"t m0 xa30 h19e y38da ff43 fs150 fc18 sc0 ls261 ws435\">Fair value </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x6ab h19e y38db ff42 fs150 fc16 sc0 ls339 ws1\">through </td><td class=\"t m0 xa31 h19e y38dc ff42 fs150 fc16 sc0 ls337 ws1\">Amortised </td><td class=\"t m0 xa32 h19e y38dd ff42 fs150 fc16 sc0 ls25a ws1\">Intangible </td><td></td><td class=\"t m0 xa33 h19e y38de ff43 fs150 fc18 sc0 ls1f4 ws1\">through </td><td class=\"t m0 x337 h19e y38df ff43 fs150 fc18 sc0 ls337 ws1\">Amortised </td><td class=\"t m0 x57c h19e y38e0 ff43 fs150 fc18 sc0 ls1ff ws1\">Intangible </td><td></td></tr><tr><td></td><td class=\"t m0 x687 h19e y38e1 ff42 fs150 fc16 sc0 ls368 ws434\">profit or<span class=\"_ _1\"></span> loss </td><td class=\"t m0 x1d5 h19e y38e2 ff42 fs150 fc16 sc0 ls369 ws1\">cost </td><td class=\"t m0 x32b h19e y38e3 ff42 fs150 fc16 sc0 ls2f8 ws1\">assets </td><td class=\"t m0 xa34 h19e y38e3 ff42 fs150 fc16 sc0 ls1f4 ws1\">Total </td><td class=\"t m0 xa35 h19e y38e4 ff43 fs150 fc18 sc0 ls369 ws436\">profit or loss </td><td class=\"t m0 xa36 h19e y38e5 ff43 fs150 fc18 sc0 ls1ff ws1\">cost </td><td class=\"t m0 x330 h19e y38e6 ff43 fs150 fc18 sc0 ls1f8 ws1\">assets </td><td class=\"t m0 x1d4 h19e y38e6 ff43 fs150 fc18 sc0 ls1ff ws1\">Total </td></tr><tr><td></td><td class=\"t m0 xa37 h19e y38e7 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 xa38 h19e y38e8 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 xa39 h19e y38e9 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x562 h19e y38e9 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x7e6 h19e y38ea ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x6e3 h19e y38eb ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 xa3a h19e y38ec ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y38ec ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y38ed w323 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">At 1 April<span class=\"_ _458\"> </span></div></td><td class=\"c n xa3b y38ed w681 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws437\">46<span class=\"_ _458\"> </span></div></td><td class=\"c n xa3c y38ed wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws437\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa3d y38ed w682 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws437\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n xa3e y38ed w683 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws437\">54<span class=\"_ _458\"> </span></div></td><td class=\"c n xa3f y38ed w684 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws438\">48<span class=\"_ _458\"> </span></div></td><td class=\"c n xa40 y38ed w8b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws438\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xa41 y38ed w343 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws438\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n xa42 y38ed w5f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws438\">58<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38ee w46a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws1\">Additions<span class=\"_ _458\"> </span></div></td><td class=\"c n xa43 y38ee w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws439\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xa44 y38ee w24f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws439\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa45 y38ee w685 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws439\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n xa46 y38ee w20c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws439\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n xa47 y38ee w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws43a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa48 y38ee w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws43a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa49 y38ee w495 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws43a\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n xa4a y38ee w686 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws43a\">3<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38ef w687 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws256\">Capital distribution<span class=\"_ _458\"> </span></div></td><td class=\"c n xa4b y38ef w688 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws43b\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa4c y38ef w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws43b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa4d y38ef w43 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws43b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa4e y38ef w689 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws43b\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa4f y38ef w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws43c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa50 y38ef wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws43c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa51 y38ef wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws43c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa52 y38ef w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws43c\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y38f0 ff43 fs151 fc18 sc0 ls20b ws212\">Revaluation and foreign </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3759 w68a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">currency translation<span class=\"_ _458\"> </span></div></td><td class=\"c n xa53 y3759 w517 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws43d\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa54 y3759 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws43d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa55 y3759 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws43d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa56 y3759 w68b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws43d\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa57 y3759 w68c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws43e\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa58 y3759 w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws43e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa59 y3759 w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws43e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x4f4 y3759 w47a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws43e\">(2)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f6 w68d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">Amortisation<span class=\"_ _458\"> </span></div></td><td class=\"c n xa5a y36f6 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws43f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa5b y36f6 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws43f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa5c y36f6 w517 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws43f\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa5d y36f6 w517 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws43f\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa5e y36f6 wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws440\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa5f y36f6 w5cf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws440\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa60 y36f6 w44a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws440\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa61 y36f6 w491 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws440\">(5)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w32d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">At 31 March<span class=\"_ _458\"> </span></div></td><td class=\"c n xa62 y3655 w68e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws441\">41<span class=\"_ _458\"> </span></div></td><td class=\"c n xa63 y3655 w236 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws441\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa64 y3655 w3e6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws441\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n xa65 y3655 w68f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws441\">48<span class=\"_ _458\"> </span></div></td><td class=\"c n xa66 y3655 w690 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls221 ws442\">46<span class=\"_ _458\"> </span></div></td><td class=\"c n xa67 y3655 w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls221 ws442\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa68 y3655 w691 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls221 ws442\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n xa69 y3655 w560 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls221 ws442\">54<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs335\">The amount included in the fair value through profit or <span class=\"ws287\">loss relates to private equity/venture capital investments<span class=\"_ _458\"> </span></span><span class=\"ws287\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gs336\">of \u00a341m (2023/24: \u00a346m) wh<span class=\"_ _6\"></span>ich are categorised as Level 3 in<span class=\"ls270 ws285\"> the fair v<span class=\"_ _6\"></span>alue hierarchy. The fair values of p<span class=\"_ _6\"></span>rivate<span class=\"_ _458\"> </span></span><span class=\"ls270 ws285\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs337\">equity/venture capital investments <span class=\"ls299 ws2a3\">are determined by the Directors. <span class=\"_ _ab\"> </span></span><span class=\"ls299 ws2a3\"><span class=\"ff42 fc16 ls1 ws1\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-509": {
   "value": "<div class=\"t m0 h1a7 ff42 fs153 fc16 sc0 ls36a ws443 gs339\">13 Debtors </div><div class=\"gs218\"><table class=\"s w692 h201\" id=\"_a49afda6-3a52-4002-9215-9a9baf80ef82\"><tr><td></td><td class=\"t m0 x273 h19e y38f1 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y38f1 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y38f2 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y38f2 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3759 w693 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Trade and other debtors<span class=\"_ _458\"> </span></div></td><td class=\"c n xa6a y3759 wd5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">28<span class=\"_ _458\"> </span></div></td><td class=\"c n xa6b y3759 w37b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">22<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w694 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws272\">Prepayments and accrued inc<span class=\"_ _1\"></span>ome<span class=\"_ _458\"> </span></div></td><td class=\"c n xa6c y375a w561 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws1\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n xa6d y375a wbf h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">12<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xa6e y3655 w6c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">36<span class=\"_ _458\"> </span></div></td><td class=\"c n xa6f y3655 w695 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls201 ws1\">34<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs33a\">Trade and other debtors are shown afte<span class=\"_ _6\"></span>r deducting a prov<span class=\"ls2e2 ws2d9\">ision for impairment against tenant debtor<span class=\"_ _1\"></span>s of \u00a312m </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs33b\">(2023/24: \u00a311m). Accrued income is shown after deductin<span class=\"_ _d\"></span><span class=\"ls24a ws258\">g a pr<span class=\"_ _1\"></span>ovisi<span class=\"_ _6\"></span>on for impairment of \u00a3nil (2023/24: \u00a3nil). The </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs33c\">provision for impairment is calculated as an expected credit<span class=\"ls288 ws295\"> loss on t<span class=\"_ _d\"></span>rade and other debtor<span class=\"ls270 ws285\">s in accordance with IFRS 9 </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs33d\">as set out in Note 1.  </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs33e\">The debit to the consolidated income stat<span class=\"ls2a1 ws252\">ement for the yea<span class=\"_ _6\"></span>r in relation to the impairment of trade debtors and accrued </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs33f\">income was \u00a35m (2023/24: \u00a314m credit), <span class=\"_ _6\"></span>as disclosed in Note 3.<span class=\"ls274 ws289\"> This is equal to the increase in provision for impairment </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gs340\">of trade debtors and accrued income of<span class=\"_ _6\"></span> \u00a31m (2023/24: \u00a31<span class=\"ls1 ws29d\">8m dec<span class=\"_ _6\"></span>rease) and write-offs of t<span class=\"_ _6\"></span>rade debtors of \u00a34m<span class=\"_ _6\"></span> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls270 ws285 gs341\">(2023/24: \u00a34m).  </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs342\">The Directors consider that the carrying amount of trade an<span class=\"ls299\">d other debtors is approximate to their fair value. Further </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws289 gs343\">details about the Group\u2019s credit risk manage<span class=\"ls276 ws28c\">ment practices are disclo<span class=\"_ _6\"></span>sed in Note 16.</span><span class=\"ls276 ws28c\"><span class=\"ff42 fc16 ls1 ws1\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-544": {
   "value": "13 Debtors <table class=\"s w692 h201\" id=\"_a49afda6-3a52-4002-9215-9a9baf80ef82\"><tr><td></td><td class=\"t m0 x273 h19e y38f1 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y38f1 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y38f2 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y38f2 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3759 w693 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Trade and other debtors<span class=\"_ _458\"> </span></div></td><td class=\"c n xa6a y3759 wd5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">28<span class=\"_ _458\"> </span></div></td><td class=\"c n xa6b y3759 w37b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">22<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w694 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws272\">Prepayments and accrued inc<span class=\"_ _1\"></span>ome<span class=\"_ _458\"> </span></div></td><td class=\"c n xa6c y375a w561 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws1\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n xa6d y375a wbf h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">12<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xa6e y3655 w6c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">36<span class=\"_ _458\"> </span></div></td><td class=\"c n xa6f y3655 w695 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls201 ws1\">34<span class=\"_ _458\"> </span></div></td></tr></table>Trade and other debtors are shown afte<span class=\"_ _6\"></span>r deducting a prov<span class=\"ls2e2 ws2d9\">ision for impairment against tenant debtor<span class=\"_ _1\"></span>s of \u00a312m </span>(2023/24: \u00a311m). Accrued income is shown after deductin<span class=\"_ _d\"></span><span class=\"ls24a ws258\">g a pr<span class=\"_ _1\"></span>ovisi<span class=\"_ _6\"></span>on for impairment of \u00a3nil (2023/24: \u00a3nil). The </span>provision for impairment is calculated as an expected credit<span class=\"ls288 ws295\"> loss on t<span class=\"_ _d\"></span>rade and other debtor<span class=\"ls270 ws285\">s in accordance with IFRS 9 </span></span>as set out in Note 1.  The debit to the consolidated income stat<span class=\"ls2a1 ws252\">ement for the yea<span class=\"_ _6\"></span>r in relation to the impairment of trade debtors and accrued </span>income was \u00a35m (2023/24: \u00a314m credit), <span class=\"_ _6\"></span>as disclosed in Note 3.<span class=\"ls274 ws289\"> This is equal to the increase in provision for impairment </span>of trade debtors and accrued income of<span class=\"_ _6\"></span> \u00a31m (2023/24: \u00a31<span class=\"ls1 ws29d\">8m dec<span class=\"_ _6\"></span>rease) and write-offs of t<span class=\"_ _6\"></span>rade debtors of \u00a34m<span class=\"_ _6\"></span> </span>(2023/24: \u00a34m).  The Directors consider that the carrying amount of trade an<span class=\"ls299\">d other debtors is approximate to their fair value. Further </span>details about the Group\u2019s credit risk manage<span class=\"ls276 ws28c\">ment practices are disclo<span class=\"_ _6\"></span>sed in Note 16.</span><span class=\"ls276 ws28c\"><span class=\"ff42 fc16 ls1 ws1\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-531": {
   "value": "13 Debtors <table class=\"s w692 h201\" id=\"_a49afda6-3a52-4002-9215-9a9baf80ef82\"><tr><td></td><td class=\"t m0 x273 h19e y38f1 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y38f1 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y38f2 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y38f2 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3759 w693 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Trade and other debtors<span class=\"_ _458\"> </span></div></td><td class=\"c n xa6a y3759 wd5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">28<span class=\"_ _458\"> </span></div></td><td class=\"c n xa6b y3759 w37b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">22<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w694 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws272\">Prepayments and accrued inc<span class=\"_ _1\"></span>ome<span class=\"_ _458\"> </span></div></td><td class=\"c n xa6c y375a w561 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws1\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n xa6d y375a wbf h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">12<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xa6e y3655 w6c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">36<span class=\"_ _458\"> </span></div></td><td class=\"c n xa6f y3655 w695 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls201 ws1\">34<span class=\"_ _458\"> </span></div></td></tr></table>Trade and other debtors are shown afte<span class=\"_ _6\"></span>r deducting a prov<span class=\"ls2e2 ws2d9\">ision for impairment against tenant debtor<span class=\"_ _1\"></span>s of \u00a312m </span>(2023/24: \u00a311m). Accrued income is shown after deductin<span class=\"_ _d\"></span><span class=\"ls24a ws258\">g a pr<span class=\"_ _1\"></span>ovisi<span class=\"_ _6\"></span>on for impairment of \u00a3nil (2023/24: \u00a3nil). The </span>provision for impairment is calculated as an expected credit<span class=\"ls288 ws295\"> loss on t<span class=\"_ _d\"></span>rade and other debtor<span class=\"ls270 ws285\">s in accordance with IFRS 9 </span></span>as set out in Note 1.  The debit to the consolidated income stat<span class=\"ls2a1 ws252\">ement for the yea<span class=\"_ _6\"></span>r in relation to the impairment of trade debtors and accrued </span>income was \u00a35m (2023/24: \u00a314m credit), <span class=\"_ _6\"></span>as disclosed in Note 3.<span class=\"ls274 ws289\"> This is equal to the increase in provision for impairment </span>of trade debtors and accrued income of<span class=\"_ _6\"></span> \u00a31m (2023/24: \u00a31<span class=\"ls1 ws29d\">8m dec<span class=\"_ _6\"></span>rease) and write-offs of t<span class=\"_ _6\"></span>rade debtors of \u00a34m<span class=\"_ _6\"></span> </span>(2023/24: \u00a34m).  The Directors consider that the carrying amount of trade an<span class=\"ls299\">d other debtors is approximate to their fair value. Further </span>details about the Group\u2019s credit risk manage<span class=\"ls276 ws28c\">ment practices are disclo<span class=\"_ _6\"></span>sed in Note 16.</span><span class=\"ls276 ws28c\"><span class=\"ff42 fc16 ls1 ws1\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-510": {
   "value": "<div class=\"t m0 h1a7 ff42 fs153 fc16 sc0 ls31a ws33b gs345\">14 Creditors </div><div class=\"gs346\"><table class=\"s w696 h1f0\" id=\"_ff3537c3-33d3-49cb-b322-c87b0bf94581\"><tr><td></td><td class=\"t m0 x273 h19e y38f3 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y38f3 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y38f4 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x33a h19e y38f4 ff43 fs150 fc18 sc0 ls264 ws267\"> \u00a3m  </td></tr><tr><td class=\"c n x1dc y3784 w697 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Trade creditors<span class=\"_ _458\"> </span></div></td><td class=\"c n xa70 y3784 wc0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">69<span class=\"_ _458\"> </span></div></td><td class=\"c n xa71 y3784 wcd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls247 ws1\">85<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3722 w698 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws1\">Accruals<span class=\"_ _458\"> </span></div></td><td class=\"c n xa72 y3722 w699 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23f ws1\">77<span class=\"_ _458\"> </span></div></td><td class=\"c n xa73 y3722 w69a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws1\">72<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y370a w69b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">Deferred income<span class=\"_ _458\"> </span></div></td><td class=\"c n xa74 y370a w569 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23c ws1\">47<span class=\"_ _458\"> </span></div></td><td class=\"c n xa75 y370a w69c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws1\">42<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w69d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws219\">Other taxation and social security<span class=\"_ _458\"> </span></div></td><td class=\"c n x2a4 y3652 wcd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">27<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d7 y3652 w27e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">25<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w69e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Lease liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n xa76 y3653 w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls30a ws1\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n xa77 y3653 w2bb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws1\">6<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w69f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws25f\">Tenant deposits<span class=\"_ _458\"> </span></div></td><td class=\"c n xa78 y375a w140 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">36<span class=\"_ _458\"> </span></div></td><td class=\"c n xa79 y375a w16b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws1\">30<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xa7a y3655 w533 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls245 ws1\">263<span class=\"_ _458\"> </span></div></td><td class=\"c n xa7b y3655 w6a0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws1\">260<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs347\">Trade creditors are interest-free and have settlement dates wi<span class=\"ls273 ws288\">thin one <span class=\"_ _6\"></span>year. The Directors <span class=\"ls28e ws29f\">consider that the carrying </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls36b ws2b6 gs348\">amount of trad<span class=\"_ _6\"></span>e and other creditors i<span class=\"_ _6\"></span>s<span class=\"ls2a1 ws252\"> approximate to their fair value.</span><span class=\"ls2a1 ws252\"> </span></div><div class=\"t m0 h1a7 ff42 fs153 fc16 sc0 ls36c ws444 gs349\">15 <span class=\"_ _2b\"> </span>Other non-curren<span class=\"_ _1\"></span>t liabilities </div><div class=\"gs34a\"><table class=\"s w6a1 h202\" id=\"_51b3144b-ec51-459e-9988-9a4cb0a7070a\"><tr><td></td><td class=\"t m0 x273 h19e y38f5 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y38f5 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y38f6 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y38f6 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y36f6 w69e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Lease liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n x4bc y36f6 w6a2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">107<span class=\"_ _458\"> </span></div></td><td class=\"c n xa7c y36f6 w6a3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">121<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e4 y3655 w6a2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">107<span class=\"_ _458\"> </span></div></td><td class=\"c n xa7d y3655 w6a3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">121</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-551": {
   "value": "14 Creditors <table class=\"s w696 h1f0\" id=\"_ff3537c3-33d3-49cb-b322-c87b0bf94581\"><tr><td></td><td class=\"t m0 x273 h19e y38f3 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y38f3 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y38f4 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x33a h19e y38f4 ff43 fs150 fc18 sc0 ls264 ws267\"> \u00a3m  </td></tr><tr><td class=\"c n x1dc y3784 w697 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Trade creditors<span class=\"_ _458\"> </span></div></td><td class=\"c n xa70 y3784 wc0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">69<span class=\"_ _458\"> </span></div></td><td class=\"c n xa71 y3784 wcd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls247 ws1\">85<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3722 w698 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws1\">Accruals<span class=\"_ _458\"> </span></div></td><td class=\"c n xa72 y3722 w699 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23f ws1\">77<span class=\"_ _458\"> </span></div></td><td class=\"c n xa73 y3722 w69a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws1\">72<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y370a w69b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">Deferred income<span class=\"_ _458\"> </span></div></td><td class=\"c n xa74 y370a w569 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23c ws1\">47<span class=\"_ _458\"> </span></div></td><td class=\"c n xa75 y370a w69c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws1\">42<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w69d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws219\">Other taxation and social security<span class=\"_ _458\"> </span></div></td><td class=\"c n x2a4 y3652 wcd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">27<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d7 y3652 w27e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">25<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w69e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Lease liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n xa76 y3653 w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls30a ws1\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n xa77 y3653 w2bb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws1\">6<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w69f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws25f\">Tenant deposits<span class=\"_ _458\"> </span></div></td><td class=\"c n xa78 y375a w140 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">36<span class=\"_ _458\"> </span></div></td><td class=\"c n xa79 y375a w16b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws1\">30<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xa7a y3655 w533 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls245 ws1\">263<span class=\"_ _458\"> </span></div></td><td class=\"c n xa7b y3655 w6a0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws1\">260<span class=\"_ _458\"> </span></div></td></tr></table>Trade creditors are interest-free and have settlement dates wi<span class=\"ls273 ws288\">thin one <span class=\"_ _6\"></span>year. The Directors <span class=\"ls28e ws29f\">consider that the carrying </span></span>amount of trad<span class=\"_ _6\"></span>e and other creditors i<span class=\"_ _6\"></span>s<span class=\"ls2a1 ws252\"> approximate to their fair value.</span><span class=\"ls2a1 ws252\"> </span>15 <span class=\"_ _2b\"> </span>Other non-curren<span class=\"_ _1\"></span>t liabilities <table class=\"s w6a1 h202\" id=\"_51b3144b-ec51-459e-9988-9a4cb0a7070a\"><tr><td></td><td class=\"t m0 x273 h19e y38f5 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y38f5 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y38f6 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y38f6 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y36f6 w69e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Lease liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n x4bc y36f6 w6a2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">107<span class=\"_ _458\"> </span></div></td><td class=\"c n xa7c y36f6 w6a3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">121<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e4 y3655 w6a2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">107<span class=\"_ _458\"> </span></div></td><td class=\"c n xa7d y3655 w6a3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">121</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-545": {
   "value": "14 Creditors <table class=\"s w696 h1f0\" id=\"_ff3537c3-33d3-49cb-b322-c87b0bf94581\"><tr><td></td><td class=\"t m0 x273 h19e y38f3 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y38f3 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y38f4 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x33a h19e y38f4 ff43 fs150 fc18 sc0 ls264 ws267\"> \u00a3m  </td></tr><tr><td class=\"c n x1dc y3784 w697 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Trade creditors<span class=\"_ _458\"> </span></div></td><td class=\"c n xa70 y3784 wc0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">69<span class=\"_ _458\"> </span></div></td><td class=\"c n xa71 y3784 wcd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls247 ws1\">85<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3722 w698 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws1\">Accruals<span class=\"_ _458\"> </span></div></td><td class=\"c n xa72 y3722 w699 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23f ws1\">77<span class=\"_ _458\"> </span></div></td><td class=\"c n xa73 y3722 w69a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws1\">72<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y370a w69b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">Deferred income<span class=\"_ _458\"> </span></div></td><td class=\"c n xa74 y370a w569 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23c ws1\">47<span class=\"_ _458\"> </span></div></td><td class=\"c n xa75 y370a w69c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws1\">42<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w69d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws219\">Other taxation and social security<span class=\"_ _458\"> </span></div></td><td class=\"c n x2a4 y3652 wcd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">27<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d7 y3652 w27e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">25<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w69e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Lease liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n xa76 y3653 w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls30a ws1\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n xa77 y3653 w2bb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws1\">6<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w69f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws25f\">Tenant deposits<span class=\"_ _458\"> </span></div></td><td class=\"c n xa78 y375a w140 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">36<span class=\"_ _458\"> </span></div></td><td class=\"c n xa79 y375a w16b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws1\">30<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xa7a y3655 w533 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls245 ws1\">263<span class=\"_ _458\"> </span></div></td><td class=\"c n xa7b y3655 w6a0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws1\">260<span class=\"_ _458\"> </span></div></td></tr></table>Trade creditors are interest-free and have settlement dates wi<span class=\"ls273 ws288\">thin one <span class=\"_ _6\"></span>year. The Directors <span class=\"ls28e ws29f\">consider that the carrying </span></span>amount of trad<span class=\"_ _6\"></span>e and other creditors i<span class=\"_ _6\"></span>s<span class=\"ls2a1 ws252\"> approximate to their fair value.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-532": {
   "value": "14 Creditors <table class=\"s w696 h1f0\" id=\"_ff3537c3-33d3-49cb-b322-c87b0bf94581\"><tr><td></td><td class=\"t m0 x273 h19e y38f3 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y38f3 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y38f4 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x33a h19e y38f4 ff43 fs150 fc18 sc0 ls264 ws267\"> \u00a3m  </td></tr><tr><td class=\"c n x1dc y3784 w697 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Trade creditors<span class=\"_ _458\"> </span></div></td><td class=\"c n xa70 y3784 wc0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">69<span class=\"_ _458\"> </span></div></td><td class=\"c n xa71 y3784 wcd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls247 ws1\">85<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3722 w698 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws1\">Accruals<span class=\"_ _458\"> </span></div></td><td class=\"c n xa72 y3722 w699 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23f ws1\">77<span class=\"_ _458\"> </span></div></td><td class=\"c n xa73 y3722 w69a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws1\">72<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y370a w69b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">Deferred income<span class=\"_ _458\"> </span></div></td><td class=\"c n xa74 y370a w569 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23c ws1\">47<span class=\"_ _458\"> </span></div></td><td class=\"c n xa75 y370a w69c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws1\">42<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w69d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws219\">Other taxation and social security<span class=\"_ _458\"> </span></div></td><td class=\"c n x2a4 y3652 wcd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">27<span class=\"_ _458\"> </span></div></td><td class=\"c n x4d7 y3652 w27e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">25<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w69e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Lease liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n xa76 y3653 w127 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls30a ws1\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n xa77 y3653 w2bb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws1\">6<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w69f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws25f\">Tenant deposits<span class=\"_ _458\"> </span></div></td><td class=\"c n xa78 y375a w140 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">36<span class=\"_ _458\"> </span></div></td><td class=\"c n xa79 y375a w16b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws1\">30<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xa7a y3655 w533 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls245 ws1\">263<span class=\"_ _458\"> </span></div></td><td class=\"c n xa7b y3655 w6a0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws1\">260<span class=\"_ _458\"> </span></div></td></tr></table>Trade creditors are interest-free and have settlement dates wi<span class=\"ls273 ws288\">thin one <span class=\"_ _6\"></span>year. The Directors <span class=\"ls28e ws29f\">consider that the carrying </span></span>amount of trad<span class=\"_ _6\"></span>e and other creditors i<span class=\"_ _6\"></span>s<span class=\"ls2a1 ws252\"> approximate to their fair value.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-533": {
   "value": "15 <span class=\"_ _2b\"> </span>Other non-curren<span class=\"_ _1\"></span>t liabilities <table class=\"s w6a1 h202\" id=\"_51b3144b-ec51-459e-9988-9a4cb0a7070a\"><tr><td></td><td class=\"t m0 x273 h19e y38f5 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y38f5 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y38f6 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y38f6 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y36f6 w69e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Lease liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n x4bc y36f6 w6a2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">107<span class=\"_ _458\"> </span></div></td><td class=\"c n xa7c y36f6 w6a3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">121<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e4 y3655 w6a2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">107<span class=\"_ _458\"> </span></div></td><td class=\"c n xa7d y3655 w6a3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">121</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-511": {
   "value": "<div class=\"t m0 h1a7 ff42 fs153 fc16 sc0 ls36d ws445 gs34c\">16 Net <span class=\"_ _27\"></span>debt </div><div class=\"gs218\"><table class=\"s w6a4 h203\" id=\"_8b8aa609-8676-42d1-ae46-22b14328d599\"><tr><td></td><td></td><td class=\"t m0 x457 h19e y38f7 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y38f7 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x566 h19e y38f8 ff43 fs150 fc18 sc0 ls2e9 ws446\"> Footnote </td><td class=\"t m0 xa7e h19e y38f8 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y38f8 ff43 fs150 fc18 sc0 ls1fc ws201\">\u00a3m  </td></tr><tr><td class=\"t m0 x20e h19f y38f9 ff42 fs151 fc18 sc0 ls205 ws20b\">Secured on the assets of the Group <span class=\"_ _271\"> </span><span class=\"ff43 ls1 ws1\"> <span class=\"_ _63\"> </span><span class=\"ff42 fc16\"> <span class=\"_ _63\"> </span></span> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y38fa w6a5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">5.264% First Mortgage Deben<span class=\"_ _1\"></span>ture Bonds 2035<span class=\"_ _458\"> </span></div></td><td class=\"c n xa7f y38fa w6a6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xa80 y38fa w6a7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">250<span class=\"_ _458\"> </span></div></td><td class=\"c n xa81 y38fa w73 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws1\">321<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38fb w6a8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">5.0055% First Mortga<span class=\"_ _1\"></span>ge Amortising Debentures 2035<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xa82 y38fb w46b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls319 ws1\">83<span class=\"_ _458\"> </span></div></td><td class=\"c n xa83 y38fb wcd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls247 ws1\">85<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38fc w6a9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">5.357% First Mortgage De<span class=\"_ _1\"></span>benture Bonds 2028<span class=\"_ _458\"> </span></div></td><td class=\"c n xa84 y38fc w6a6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xa85 y38fc w6aa h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">164<span class=\"_ _458\"> </span></div></td><td class=\"c n xa86 y38fc w6ab h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws1\">217<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xa87 y38fd w6ac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls322 ws1\">497<span class=\"_ _458\"> </span></div></td><td class=\"c n xa88 y38fd w27c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws1\">623<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y38fe ff42 fs151 fc18 sc0 ls215 ws1\">Unsecured <span class=\"_ _20a\"> </span><span class=\"ff43 ls1\"> <span class=\"_ _63\"> </span><span class=\"ff42 fc16\"> <span class=\"_ _63\"> </span></span> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y38ff w6ad h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">2.375% Sterling Unsecured Bond 2029<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xa89 y38ff w6ae h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">299<span class=\"_ _458\"> </span></div></td><td class=\"c n xa8a y38ff w6af h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws1\">299<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3900 w6b0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws447\">5.25% Sterling Unsecured Bond 2032<span class=\"_ _458\"> </span></div></td><td class=\"c n xa8b y3900 w6b1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws447\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xa8c y3900 w6b2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls219 ws1\">297<span class=\"_ _458\"> </span></div></td><td class=\"c n xa8d y3900 wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3901 w6b3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">2.67% Senior Notes 2025<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xa8e y3901 w6b4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">37<span class=\"_ _458\"> </span></div></td><td class=\"c n xa8f y3901 w27e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls201 ws1\">37<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3902 w6b5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">2.75% Senior Notes 2026<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xa90 y3902 w6b4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">37<span class=\"_ _458\"> </span></div></td><td class=\"c n xa91 y3902 w27e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls201 ws1\">37<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3903 w6b6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">3.81% Senior Notes 2026<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xa92 y3903 w6b7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">99<span class=\"_ _458\"> </span></div></td><td class=\"c n xa93 y3903 w38c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws1\">98<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3765 w6b8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">3.97% Senior Notes 2026<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xa94 y3765 wc0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">99<span class=\"_ _458\"> </span></div></td><td class=\"c n xa95 y3765 w6b9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws1\">97<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3904 w6ba h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">4.16% Senior US Dollar Notes 2025<span class=\"_ _458\"> </span></div></td><td class=\"c n xa96 y3904 w1ac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x56b y3904 w6bb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23f ws1\">76<span class=\"_ _458\"> </span></div></td><td class=\"c n xa83 y3904 w301 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws1\">76<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3905 w6bc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">5.003% Senior US Dollar Notes 2026<span class=\"_ _458\"> </span></div></td><td class=\"c n xa97 y3905 w1ac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xa98 y3905 w6c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">63<span class=\"_ _458\"> </span></div></td><td class=\"c n xa99 y3905 w11c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">63<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3906 w6bd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Floating Rate Senior Notes 2028<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xa9a y3906 w275 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws1\">80<span class=\"_ _458\"> </span></div></td><td class=\"c n xa9b y3906 w6be h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">80<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3907 w6bf h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Floating Rate Senior Notes 2034<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xa9c y3907 w6c0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">101<span class=\"_ _458\"> </span></div></td><td class=\"c n xa9d y3907 w6c1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws1\">101<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3908 w271 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Facilities and overdrafts<span class=\"_ _458\"> </span></div></td><td class=\"c n xa9e y3908 w2d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls201 ws1\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n xa89 y3908 w6c2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">568<span class=\"_ _458\"> </span></div></td><td class=\"c n xa9f y3908 w6c3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls322 ws1\">351<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3909 w6c4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">Term loans<span class=\"_ _458\"> </span></div></td><td class=\"c n xaa0 y3909 w2d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls201 ws1\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n xaa1 y3909 w6c5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls215 ws1\">475<span class=\"_ _458\"> </span></div></td><td class=\"c n xaa2 y3909 w6c6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls36e ws1\">350<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xaa3 y3682 w6c7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws1\">2,231<span class=\"_ _458\"> </span></div></td><td class=\"c n xaa4 y3682 w6c8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">1,589<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y390a w6c9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">Gross debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xaa5 y390a w319 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls250 ws1\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n xaa6 y390a w6ca h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws1\">2,728<span class=\"_ _458\"> </span></div></td><td class=\"c n xaa7 y390a w6cb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls219 ws1\">2,212<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y390b w6cc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Interest rate and currency derivative liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n xaa8 y390b w1af h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n xaa9 y390b wd6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws1\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n x31b y390b w3da h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">56<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y390c wc5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Interest rate and currency derivative assets<span class=\"_ _458\"> </span></div></td><td class=\"c n xaaa y390c w618 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n xaab y390c w6cd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws1\">(82)<span class=\"_ _458\"> </span></div></td><td class=\"c n xaac y390c w294 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">(99)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y390d w6ce h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">Cash and cash equivalents<span class=\"_ _458\"> </span></div></td><td class=\"c n xaad y390d w6cf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws1\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n xaae y390d w124 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls221 ws1\">(57)<span class=\"_ _458\"> </span></div></td><td class=\"c n xaaf y390d w563 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws1\">(88)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y390e w6d0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20c ws215\">Total net debt<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xab0 y390e w6d1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">2,647<span class=\"_ _458\"> </span></div></td><td class=\"c n xab1 y390e w6d2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws1\">2,081<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y390f w6d3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Net debt attributable to non-controlling interests<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xab2 y390f w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x276 y390f w81 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3910 w6d4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls217 ws22a\">Net debt attributable to sh<span class=\"ls20d\">areholders of the<span class=\"_ _1\"></span> Company<span class=\"_ _458\"> </span></span></div></td><td></td><td class=\"c n xab3 y3910 w6d1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">2,647<span class=\"_ _458\"> </span></div></td><td class=\"c n xab4 y3910 w3ce h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws1\">2,082<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b5 w6d5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Total net debt<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xab0 y36b5 w6d1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">2,647<span class=\"_ _458\"> </span></div></td><td class=\"c n xab1 y36b5 w6d2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws1\">2,081<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y383b w6d6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Amounts payable under leases (Notes 14 and 15)<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n x435 y383b w6d7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">114<span class=\"_ _458\"> </span></div></td><td class=\"c n xab5 y383b w6d8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws1\">127<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3849 w6d9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws22a\">Total net debt (including lease liabilit<span class=\"_ _1\"></span>ies)<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xab6 y3849 w6da h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">2,761<span class=\"_ _458\"> </span></div></td><td class=\"c n xab7 y3849 w6db h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws1\">2,208<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w6dc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Net debt attributable to non-controlling interests (including lease liabil<span class=\"_ _1\"></span>ities)<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xab8 y375a w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xab9 y375a w81 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w6dd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls217 ws22a\">Net debt attributable to sh<span class=\"ls21a ws1\">areholders of the Co<span class=\"_ _1\"></span>mpany (including lease liabilities)<span class=\"_ _458\"> </span></span></div></td><td></td><td class=\"c n xaba y3655 w6de h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">2,761<span class=\"_ _458\"> </span></div></td><td class=\"c n xabb y3655 w546 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws1\">2,209<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls230 ws448 gs34d\">1. <span class=\"_ _24\"> </span>On 13 March 2025 the Group issued \u00a3300m 5.25% bonds<span class=\"_ _6\"></span> due in 2032. The bonds were<span class=\"_ _6\"></span><span class=\"ls228 ws449\"> issued at a discount of \u00a31m, and afte<span class=\"_ _6\"></span>r issue<span class=\"ls33f ws44a\"> costs </span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls225 ws44b gs34e\">have an effective interest rate of 5.5%.<span class=\"_ _6\"></span> The proceeds were us<span class=\"_ _6\"></span><span class=\"ls22f ws44c\">ed to redeem \u00a378m 5.264% b<span class=\"_ _6\"></span>onds due in 2035 and \u00a372m 5.357% bonds </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls227 ws44d gs34f\">due in 2028, by way of a cash tender. \u00a3130m o<span class=\"_ _6\"></span>f<span class=\"ls226 ws1a2\"> the \u00a3150m total aggr<span class=\"ls22e ws44e\">egate nomi<span class=\"_ _6\"></span>nal amount was settled on the bearer settlement da<span class=\"ls9c ws1\">te<span class=\"_ _d\"></span> </span></span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls248 ws44f gs350\">of 27 March 2025. The <span class=\"_ _6\"></span>remaining \u00a320m was settled<span class=\"_ _6\"></span> on the register<span class=\"ls30d ws450\">ed settle<span class=\"_ _6\"></span>ment date of 8 A<span class=\"_ _6\"></span>pril 2025. The 5.264% 2035 b<span class=\"_ _6\"></span>onds were </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls227 wsbb gs351\">redeemed at a discount and the 5.357%<span class=\"_ _6\"></span> 20<span class=\"ws249\">28 bonds were redee<span class=\"_ _6\"></span>med at a premium. </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls226 ws151 gs352\">2. Principal and interest on these<span class=\"_ _d\"></span> borrowings were fully hedged <span class=\"ls19f ws260\">into Sterling a<span class=\"_ _6\"></span>t a floating rate at the time of<span class=\"_ _d\"></span> issue. </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22e ws24a gs353\">3. Facilities and ov<span class=\"_ _d\"></span>erdrafts have been repr<span class=\"ls30d ws333\">esented for the year ended 31 March 202<span class=\"_ _6\"></span>4 to<span class=\"ls248 ws249\"> exclude term loans. Te<span class=\"_ _6\"></span>rm loans of \u00a3350m <span class=\"ls33f ws1\">are </span></span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls1 ws48 gs354\">now disclosed separately. As a result<span class=\"ls22e ws24a\">, facilities a<span class=\"_ _6\"></span>nd overdrafts are disclosed as \u00a3351m, previously \u00a3701m.<span class=\"_ _6\"></span> </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22e ws263 gs355\">4. <span class=\"_ _d\"></span>The principal amount of g<span class=\"_ _6\"></span>ross debt at 31<span class=\"ls248 ws249\"> March 2025 <span class=\"_ _6\"></span>was \u00a32,740m (2023/24: \u00a32,225m)<span class=\"ls230 ws264\">. Included in <span class=\"_ _6\"></span>this is the principal amount<span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls226 ws151 gs356\">of secured borrowings and other borro<span class=\"_ _6\"></span>wings of no<span class=\"ls22c ws263\">n-recourse companies of \u00a3501m (2023/24:<span class=\"_ _6\"></span> \u00a3633m). </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22c ws24a gs357\">5. Interest <span class=\"_ _6\"></span>rate and currency derivative liabilities i<span class=\"_ _6\"></span>ncludes non-c<span class=\"ws8b\">urrent interest rate and curr</span>ency derivative liabilities of <span class=\"ls30d ws333\">\u00a356m (2023/24: </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls254 ws152 gs358\">\u00a356m) and current interest ra<span class=\"_ _d\"></span><span class=\"ls22e ws24a\">te and currency derivative liabilities of \u00a32m (2023/24: \u00a3nil). </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls1 ws48 gs359\">6. <span class=\"_ _d\"></span>Interest rate and currency derivative a<span class=\"ls226 ws151\">ssets includes non-current inte<span class=\"_ _6\"></span><span class=\"ls248 ws249\">rest rate and currency deri<span class=\"_ _6\"></span><span class=\"ls230 ws264\">vative assets of \u00a373m (2023<span class=\"ls36f ws1\">/24: </span></span></span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls36f ws451 gs35a\">\u00a379m) and current in<span class=\"_ _6\"></span>terest rate and c<span class=\"_ _6\"></span>urrency derivative as<span class=\"_ _6\"></span>sets of \u00a39m (2023/2<span class=\"_ _6\"></span>4: \u00a320m). </div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22a ws246 gs35b\">7. Cash and cash equivalents includes tenant<span class=\"ls22c ws263\"> deposits of \u00a336m (20<span class=\"_ _6\"></span>23/24: \u00a330m) and cash <span class=\"ls226 ws151\">and short term deposi<span class=\"_ _6\"></span>ts not subject to </span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls225 ws244 gs35c\">a security interest amount to \u00a321m (2023/24: <span class=\"_ _d\"></span>\u00a358m).<span class=\"_ _458\"> </span></div><div class=\"t m0 h1a8 ff42 fs154 fc1c sc0 ls371 ws453 gs35e\">Maturity analysis of net debt </div><div class=\"gs35f\"><table class=\"s w6df h204\" id=\"_8b2ee51b-efae-436e-bc43-6fc4fb3c4d10\"><tr><td></td><td></td><td class=\"t m0 x273 h19e y3911 ff42 fs150 fc1b sc0 ls1f4 ws1\">2025<span class=\"_ _458\"> </span></td><td class=\"t m0 x274 h19e y3912 ff43 fs150 fc1d sc0 ls1f5 ws1\">2024 </td></tr><tr><td></td><td></td><td class=\"t m0 x1da h19e y3913 ff42 fs150 fc1b sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3913 ff43 fs150 fc1d sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3914 w6e0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls20e ws219\">Repayable:<span class=\"_ _458\"> </span></div></td><td class=\"c n xabc y3914 w6e1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls20e ws219\">within one year and on demand<span class=\"_ _458\"> </span></div></td><td class=\"c n xabd y3914 w1a2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20a ws1\">311<span class=\"_ _458\"> </span></div></td><td class=\"c n x27d y3914 w6e2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls21f ws1\">10<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3915 w6e3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls223 ws250\">Between:<span class=\"_ _458\"> </span></div></td><td class=\"c n xabe y3915 w6e4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls223 ws250\">one and two y<span class=\"_ _1\"></span>ears<span class=\"_ _458\"> </span></div></td><td class=\"c n xabf y3915 w6e5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls209 ws1\">98<span class=\"_ _458\"> </span></div></td><td class=\"c n xac0 y3915 w6e6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls322 ws1\">314<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xac1 y386f w6e7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls21a ws1\">two and five years<span class=\"_ _458\"> </span></div></td><td class=\"c n xac2 y386f w6e8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls217 ws1\">1,386<span class=\"_ _458\"> </span></div></td><td class=\"c n xac3 y386f w6e9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls209 ws1\">991<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xac1 y3916 w6ea h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls209 ws240\">five and ten years<span class=\"_ _458\"> </span></div></td><td class=\"c n xac4 y3916 w6eb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls209 ws1\">531<span class=\"_ _458\"> </span></div></td><td class=\"c n xac5 y3916 w13a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls217 ws1\">306<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xac1 y3758 w6ec h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls21b ws22d\">ten and fifteen years<span class=\"_ _458\"> </span></div></td><td class=\"c n xac6 y3758 w6ed h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls21f ws1\">402<span class=\"_ _458\"> </span></div></td><td class=\"c n xac7 y3758 w521 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls218 ws1\">591<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m0 x457 h19f y3917 ff42 fs151 fc1b sc0 ls244 ws1\">2,417 </td><td class=\"t m0 x331 h19f y3918 ff43 fs151 fc1d sc0 ls1 ws1\">2,202<span class=\"_ _458\"> </span></td></tr><tr><td class=\"c n x1dc y3919 w6ee h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1d sc0 ls245 ws2e3\">Gross debt<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xac8 y3919 w6ca h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls220 ws1\">2,728<span class=\"_ _458\"> </span></div></td><td class=\"c n xac9 y3919 w6cb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls219 ws1\">2,212<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3759 w6ef h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls21f ws237\">Interest rate and currency derivatives<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xaca y3759 w6f0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls223 ws1\">(24)<span class=\"_ _458\"> </span></div></td><td class=\"c n xacb y3759 w324 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls23b ws1\">(43)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f6 wd3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls20c ws215\">Cash and cash equivalents<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xacc y36f6 w124 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls221 ws1\">(57)<span class=\"_ _458\"> </span></div></td><td class=\"c n xacd y36f6 w563 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls200 ws1\">(88)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w6f1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1d sc0 ls209 ws240\">Net debt<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xace y3655 w6d1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls21a ws1\">2,647</div></td><td class=\"t m0 xacf h19f y391a ff42 fs151 fc1b sc0 ls21a ws1\"> <span class=\"_ _48\"> </span><span class=\"ff43 fc1d ls244\">2,081 </span></td></tr></table></div><div class=\"t m0 h1a8 ff42 fs154 fc1c sc2 ls372 ws454 gs360\">Fair value and book value of net debt </div><div class=\"gs361\"><table class=\"s w6f2 h205\" id=\"_fa4dd176-116a-427f-9ee8-8d0c2d6fc139\"><tr><td></td><td></td><td class=\"c n xad0 y391b w28 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc1b sc0 ls1f4 ws1\">2025<span class=\"_ _458\"> </span></div></td><td></td><td></td><td class=\"c n xad1 y391b w29 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc1d sc0 ls1f5 ws235\">2024<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 xad2 h19e y391c ff42 fs150 fc1b sc0 ls321 ws365\">Fair value<span class=\"_ _458\"> </span></td><td class=\"t m0 xa04 h19e y391d ff42 fs150 fc1b sc0 ls338 ws384\">Book value </td><td class=\"t m0 x5af h19e y391d ff42 fs150 fc1b sc0 ls2f7 ws1\">Difference<span class=\"_ _6\"></span> </td><td class=\"t m0 xad3 h19e y391d ff43 fs150 fc1d sc0 ls25d ws455\">Fair value </td><td class=\"t m0 xad4 h19e y391d ff43 fs150 fc1d sc0 ls373 ws456\">Book value </td><td class=\"t m0 x6e8 h19e y391d ff43 fs150 fc1d sc0 ls258 ws1\">Difference </td></tr><tr><td></td><td class=\"t m0 x1d6 h19e y391e ff42 fs150 fc1b sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d7 h19e y391e ff42 fs150 fc1b sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d8 h19e y391e ff42 fs150 fc1b sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x3f7 h19e y391e ff43 fs150 fc1d sc0 ls264 ws267\"> \u00a3m  </td><td class=\"t m0 xad5 h19e y391e ff43 fs150 fc1d sc0 ls264 ws267\"> \u00a3m  </td><td class=\"t m0 x1db h19e y391e ff43 fs150 fc1d sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y391f w6f3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls20d ws216\">Debentures and unsecured bonds<span class=\"_ _458\"> </span></div></td><td class=\"c n xad6 y391f w6f4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls21a ws457\">1,643<span class=\"_ _458\"> </span></div></td><td class=\"c n xad7 y391f w6f5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls21a ws457\">1,685<span class=\"_ _458\"> </span></div></td><td class=\"c n xad8 y391f w312 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls21a ws457\">(42)<span class=\"_ _458\"> </span></div></td><td class=\"c n xad9 y391f w6f6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls235 ws458\">1,459<span class=\"_ _458\"> </span></div></td><td class=\"c n xada y391f w6f7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls235 ws458\">1,511<span class=\"_ _458\"> </span></div></td><td class=\"c n xadb y391f w6f8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls235 ws458\">(52)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3756 w6f9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls20e ws219\">Bank debt and other floating rate debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xadc y3756 w6fa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20e ws459\">1,054<span class=\"_ _458\"> </span></div></td><td class=\"c n xadd y3756 w6fb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20e ws459\">1,043<span class=\"_ _458\"> </span></div></td><td class=\"c n xade y3756 w6fc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20e ws459\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n xadf y3756 w457 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls23a ws45a\">707<span class=\"_ _458\"> </span></div></td><td class=\"c n xae0 y3756 w6fd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls23a ws45a\">701<span class=\"_ _458\"> </span></div></td><td class=\"c n xae1 y3756 w6fe h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls23a ws45a\">6<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3920 w6ee h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1d sc0 ls245 ws2e3\">Gross debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xae2 y3920 w6ff h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20c ws45b\">2,697<span class=\"_ _458\"> </span></div></td><td class=\"c n xae3 y3921 w700 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20c ws45b\">2,728<span class=\"_ _458\"> </span></div></td><td class=\"c n xae4 y3921 w162 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20c ws45b\">(31)<span class=\"_ _458\"> </span></div></td><td class=\"t m0 x544 h19f y3922 ff43 fs151 fc1d sc0 ls23b ws45c\">2,166<span class=\"_ _458\"> </span></td><td class=\"t m0 xae5 h19f y3923 ff43 fs151 fc1d sc0 ls23b ws45c\">2,212<span class=\"_ _458\"> </span></td><td class=\"t m0 xae6 h19f y3922 ff43 fs151 fc1d sc0 ls23b ws45c\">(46)<span class=\"_ _458\"> </span></td></tr><tr><td class=\"c n x1dc y3924 wea h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls206 ws22f\">Interest rate and currency derivative liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n xae7 y3924 w701 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls21a ws45d\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n xae8 y3924 w702 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls21a ws45d\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n xae9 y3924 w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls21a ws45d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xaea y3924 w22d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls308 ws45e\">56<span class=\"_ _458\"> </span></div></td><td class=\"c n xaeb y3924 w703 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls308 ws45e\">56<span class=\"_ _458\"> </span></div></td><td class=\"c n x754 y3924 w22e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls308 ws45e\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3925 wc5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls205 ws20b\">Interest rate and currency derivative assets<span class=\"_ _458\"> </span></div></td><td class=\"c n xaec y3925 w49 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20a ws45f\">(82)<span class=\"_ _458\"> </span></div></td><td class=\"c n xaed y3925 w49 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20a ws45f\">(82)<span class=\"_ _458\"> </span></div></td><td class=\"c n xaee y3925 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20a ws45f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x5ed y3925 w704 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls20e ws460\">(99)<span class=\"_ _458\"> </span></div></td><td class=\"c n xaef y3925 w704 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls20e ws460\">(99)<span class=\"_ _458\"> </span></div></td><td class=\"c n xaf0 y3925 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls20e ws460\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3926 w705 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls20c ws215\">Cash an<span class=\"_ _458\"> </span></div><div class=\"t m0 xaf1 h19f y362a ff43 fs151 fc1d sc0 ls20c ws215\">d cash equivalents<span class=\"_ _458\"> </span></div></td><td class=\"c n xaf2 y3926 w124 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls203 ws461\">(57)<span class=\"_ _458\"> </span></div></td><td class=\"c n xaf3 y3926 w124 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls203 ws461\">(57)<span class=\"_ _458\"> </span></div></td><td class=\"c n xaf4 y3926 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls203 ws461\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xaf5 y3926 w244 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls21f ws462\">(88)<span class=\"_ _458\"> </span></div></td><td class=\"c n xaf6 y3926 w244 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls21f ws462\">(88)<span class=\"_ _458\"> </span></div></td><td class=\"c n xaf7 y3926 w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls21f ws462\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3927 w6f1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1d sc0 ls209 ws240\">Net debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xaf8 y3927 w706 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20b ws463\">2,616<span class=\"_ _458\"> </span></div></td><td class=\"c n xaf9 y3927 w707 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20b ws463\">2,647<span class=\"_ _458\"> </span></div></td><td class=\"c n xafa y3927 w708 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20b ws463\">(31)<span class=\"_ _458\"> </span></div></td><td class=\"c n xafb y3927 w10f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls202 ws464\">2,035<span class=\"_ _458\"> </span></div></td><td class=\"c n xafc y3927 w709 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls202 ws464\">2,081<span class=\"_ _458\"> </span></div></td><td class=\"c n xafd y3927 w70a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls202 ws464\">(46)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y37d0 w70b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls21a ws1\">Net debt attributable to non-controlling interests<span class=\"_ _458\"> </span></div></td><td class=\"c n xafe y37d0 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xaff y37d0 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb00 y37d0 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb01 y37d0 w5a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls212 ws21c\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xb02 y37d0 w5a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls212 ws21c\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xb03 y37d0 wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls212 ws21c\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3928 ff42 fs151 fc1d sc0 ls209 ws240\">Net debt attributable to shareholders  </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3655 w70c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1d sc0 ls20e ws219\">of the Company<span class=\"_ _458\"> </span></div></td><td class=\"c n xb04 y3655 w70d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20b ws463\">2,616<span class=\"_ _458\"> </span></div></td><td class=\"c n xb05 y3655 w70e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20b ws463\">2,647<span class=\"_ _458\"> </span></div></td><td class=\"c n xb06 y3655 w70f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20b ws463\">(31)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb07 y3655 w710 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls223 ws465\">2,036<span class=\"_ _458\"> </span></div></td><td class=\"c n xb08 y3655 w173 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls223 ws465\">2,082<span class=\"_ _458\"> </span></div></td><td class=\"c n xb09 y3655 w711 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls223 ws465\">(46)<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h19d ff43 fs14f fc1d sc0 ls2a4 ws2aa gs362\">The fair values of debentures and unsecured bonds have b<span class=\"ls26f ws284\">een established by obtaining quoted market prices from </span></div><div class=\"t m0 h19d ff43 fs14f fc1d sc0 ls26f ws284 gs363\">brokers. The bank debt and other floating rate debt has been<span class=\"_ _d\"></span><span class=\"ls2a3 ws2b1\"> valued assuming it could be renegot<span class=\"_ _6\"></span>iated at contracted </span></div><div class=\"t m0 h19d ff43 fs14f fc1d sc0 ls27c ws291 gs364\">margins. The derivatives have been valued by calculating <span class=\"ls26f ws284\">the present value of expected<span class=\"ls273 ws288\"> future cash flows, usin<span class=\"_ _d\"></span>g </span></span></div><div class=\"t m0 h19d ff43 fs14f fc1d sc0 ls27e ws293 gs365\">appropriate market discount rates, by an in<span class=\"_ _d\"></span><span class=\"ls272 ws287\">dependent tr<span class=\"_ _1\"></span>easury adviser or a third party. </span></div><div class=\"t m0 h19d ff43 fs14f fc1d sc0 ls24a ws258 gs366\">Short term debtors and creditors and other investments have<span class=\"ls270 ws285\"> been<span class=\"_ _6\"></span> excluded from the di<span class=\"ls295 ws2a6\">sclosur<span class=\"_ _6\"></span>es on the basis th<span class=\"_ _6\"></span>at </span></span></div><div class=\"t m0 h19d ff43 fs14f fc1d sc0 ls27e ws293 gs367\">the fair value is equivalent to the book valu<span class=\"_ _6\"></span>e. The fair valu<span class=\"_ _d\"></span><span class=\"ls2a1 ws252\">e hier<span class=\"_ _1\"></span>archy level of debt held at amortised cost is Level 2 </span></div><div class=\"t m0 h19d ff43 fs14f fc1d sc0 ls271 ws286 gs368\">(as defined in Note 1<span class=\"_ _6\"></span>0). </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls2ba ws2c1 gs36a\">Loan to value (LTV) </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls295 ws2a6 gs36b\">LTV is the ratio of<span class=\"_ _6\"></span> principal amount of gro<span class=\"_ _6\"></span>ss debt less cash, sh<span class=\"_ _6\"></span>ort term deposits and<span class=\"_ _6\"></span> liquid investments to the aggregate </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs36c\">value of properties and investments, excluding non-controllin<span class=\"ls270 ws285\">g interests. EPRA LTV has be<span class=\"ls274 ws289\">en disclosed in Table E. <span class=\"_ _6\"></span> </span></span></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls374 ws466 gs36d\">Group LTV </div><div class=\"gs36e\"><table class=\"s w712 h206\" id=\"_1fe4f26b-463c-44d0-bec9-27af4564fbc4\"><tr><td></td><td class=\"t m0 x273 h19e y3929 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3929 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y392a ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y392a ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y392b w713 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws25f\">Group LTV<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0a y392b w252 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws1\">31.7%<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0b y392b w714 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws1\">28.5%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38d4 w715 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Principal amount of gross debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0c y38d4 w716 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">2,740<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0d y38d4 w2e6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws1\">2,225<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y392c w717 h1d0\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Less cash and short term dep<span class=\"_ _1\"></span>osits (consolidated statement of cash flows)</div><div class=\"t m0 xb0e h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0f y392c w718 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">(21)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb10 y392c w307 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws1\">(58)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y392d w719 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Plus cash attributable to non-controlling interests<span class=\"_ _458\"> </span></div></td><td class=\"c n x279 y392d wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb11 y392d w81 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y392e w71a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws20f\">Total net debt for LTV calcula<span class=\"_ _1\"></span>tion<span class=\"_ _458\"> </span></div></td><td class=\"c n xb12 y392e w71b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws1\">2,719<span class=\"_ _458\"> </span></div></td><td class=\"c n xb13 y392e w71c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws1\">2,168<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3651 w71d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Group property portfolio valuation (Note 10)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb14 y3651 w71e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">6,065<span class=\"_ _458\"> </span></div></td><td class=\"c n xab1 y3651 w71f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls366 ws1\">5,1<span class=\"_ _1\"></span>30<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w720 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Investments in joint ventures (Note 11)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb15 y3652 w721 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws1\">2,462<span class=\"_ _458\"> </span></div></td><td class=\"c n xb16 y3652 wbd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">2,429<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3653 w722 h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Other investments and property, plant and e<span class=\"_ _1\"></span>quipment (consolidated balance sheet)</div><div class=\"t m0 xb17 h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xb18 y3653 w723 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws1\">50<span class=\"_ _458\"> </span></div></td><td class=\"c n xb19 y3653 w3da h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">56<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3654 w724 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws467\">Less property and investments attribut<span class=\"ls21a ws1\">able to non-controlling interests<span class=\"_ _458\"> </span></span></div></td><td class=\"c n x280 y3654 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb1a y3654 w68 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(14)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w725 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls217 ws22a\">Total assets for LTV calculation<span class=\"_ _458\"> </span></div></td><td class=\"c n xb1b y3655 w726 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws1\">8,577<span class=\"_ _458\"> </span></div></td><td class=\"c n xb1c y3655 w727 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws1\">7,601<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls2a0 ws2b8 gs36f\">Proportionally consolidated LTV </div><div class=\"gs370\"><table class=\"s w728 h207\" id=\"_8da9ee43-ccf1-451c-8550-f6ca255f1c65\"><tr><td></td><td class=\"t m0 x273 h19e y392f ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y392f ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3930 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3930 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y38d3 w729 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20c ws256\">Proportionally consolidated LTV<span class=\"_ _458\"> </span></div></td><td class=\"c n xb1d y38d3 w72a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls215 ws1\">38.1%<span class=\"_ _458\"> </span></div></td><td class=\"c n xb1e y38d3 w72b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">37.3%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38d4 w715 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Principal amount of gross debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xb1f y38d4 w72c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23b ws1\">3,738<span class=\"_ _458\"> </span></div></td><td class=\"c n xb20 y38d4 w72d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls250 ws1\">3,443<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y38d5 w72e h1d9\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">Less cash and short term <span class=\"_ _1\"></span>deposits</div><div class=\"t m0 xb21 h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n xb22 y38d5 w72f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws1\">(101)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb23 y38d5 w730 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">(183)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3870 w719 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Plus cash attributable to non-controlling interests<span class=\"_ _458\"> </span></div></td><td class=\"c n x279 y3870 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb11 y3870 w81 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y392e w731 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20b ws255\">Total net debt for propor<span class=\"ls209 ws240\">tional LTV calculation<span class=\"_ _458\"> </span></span></div></td><td class=\"c n xb24 y392e w732 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">3,637<span class=\"_ _458\"> </span></div></td><td class=\"c n xb25 y392e w733 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws1\">3,261<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y370a w71d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Group property portfolio valuation (Note 10)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb14 y370a w71e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">6,065<span class=\"_ _458\"> </span></div></td><td class=\"c n xab1 y370a w71f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls366 ws1\">5,1<span class=\"_ _1\"></span>30<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w734 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Share of property of joint ventures (Note 10)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb26 y3652 w735 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">3,421<span class=\"_ _458\"> </span></div></td><td class=\"c n xb27 y3652 w736 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">3,568<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3653 w722 h1d6\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Other investments and property, plant and e<span class=\"_ _1\"></span>quipment (consolidated balance sheet)</div><div class=\"t m0 xb17 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xb18 y3653 w723 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws1\">50<span class=\"_ _458\"> </span></div></td><td class=\"c n xb19 y3653 w3da h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">56<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w737 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws253\">Less property attributable to non-controlling interests<span class=\"_ _458\"> </span></div></td><td class=\"c n x280 y375a w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb1a y375a w68 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(14)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w738 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20d ws216\">Total assets for proportional LTV calcu<span class=\"_ _1\"></span>lation<span class=\"_ _458\"> </span></div></td><td class=\"c n xb28 y3655 w739 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">9,536<span class=\"_ _458\"> </span></div></td><td class=\"c n xb29 y3655 w73a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws1\">8,740<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22c ws263 gs371\">1. <span class=\"_ _24\"> </span>Cash and short term deposits exclude tena<span class=\"ls30d ws333\">nt de<span class=\"_ _6\"></span>posits of \u00a336m (2023/24: \u00a330m).  </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls225 ws244 gs372\">2. The \u00a314m (2023/24: \u00a31<span class=\"_ _6\"></span>7m) difference between other investmen<span class=\"_ _6\"></span>ts <span class=\"ls22c ws263\">and plant, property and equipment per the co<span class=\"_ _6\"></span>nsolidated balance<span class=\"ls1 ws1\"> </span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls227 wsbb gs373\">sheet totalling \u00a364m (2023/24: \u00a373m)<span class=\"ls22e ws24a\"> relates<span class=\"_ _d\"></span> to a right-of-use asset recognised under<span class=\"ls22f ws24b\"> a lease which is classified as property, <span class=\"_ _6\"></span><span class=\"ls226 ws1\">plant </span></span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22f ws24b gs374\">and equipment which is not included within <span class=\"_ _6\"></span>total a<span class=\"ls248 ws249\">ssets for the purposes of the <span class=\"_ _6\"></span>LTV calculation.  </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls225 ws244 gs375\">3. Cash and short <span class=\"_ _6\"></span>term deposits exclude t<span class=\"ls26a ws27f\">enant de<span class=\"_ _6\"></span>posits of \u00a364m (2023/24: \u00a357m<span class=\"_ _6\"></span>).  </span></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls29f ws2dd gs377\">Net Debt to EBITDA </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs378\">Net Debt to EBITDA is the ratio of principal amount of <span class=\"_ _6\"></span>gro<span class=\"ls271 ws286\">ss debt less cash, sh<span class=\"_ _6\"></span>ort term deposits an<span class=\"_ _6\"></span>d liquid investments </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls375 ws2ce gs379\">to earnin<span class=\"_ _6\"></span>gs before i<span class=\"_ _6\"></span>nterest, t<span class=\"_ _6\"></span>ax, depr<span class=\"ls24a ws258\">eciati<span class=\"_ _6\"></span>on and amortisation (EBITDA).  </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28e ws29f gs37a\">The Group ratio excludes joint venture bo<span class=\"ls24a ws258\">rrowings and includes distributions and <span class=\"ls26f ws284\">other receivables from joint ventures.  </span></span></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls376 ws468 gs37b\">Group Net Debt to EBITDA<span class=\"_ _6\"></span> </div><div class=\"gs37c\"><table class=\"s w712 h208\" id=\"_58779739-9f2d-4c6e-b399-3779a5274665\"><tr><td></td><td class=\"t m0 x273 h19e y3931 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3931 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3932 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3932 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3933 w341 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20b ws255\">Group Net Debt to EBITDA<span class=\"_ _458\"> </span></div></td><td class=\"c n xb2a y3933 w73b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">8.0x<span class=\"_ _458\"> </span></div></td><td class=\"c n xb2b y3933 w325 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws1\">6.8x<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3934 w715 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Principal amount of gross debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0c y3934 w716 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">2,740<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0d y3934 w2e6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws1\">2,225<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3782 w717 h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Less cash and short term dep<span class=\"_ _1\"></span>osits (consolidated statement of cash flows)</div><div class=\"t m0 xb0e h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0f y3782 w718 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">(21)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb10 y3782 w307 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws1\">(58)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38d5 w719 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Plus cash attributable to non-controlling interests<span class=\"_ _458\"> </span></div></td><td class=\"c n x279 y38d5 wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb11 y38d5 w81 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3935 w73c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws219\">Total net debt for Group Net De<span class=\"ls20b ws255\">bt to E<span class=\"_ _1\"></span>BITDA calculation<span class=\"_ _458\"> </span></span></div></td><td class=\"c n xb2c y3935 w73d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws1\">2,719<span class=\"_ _458\"> </span></div></td><td class=\"c n xb2d y3935 w73e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws1\">2,168<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3722 w73f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Underlying Profit (Table A)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb2e y3722 w288 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws1\">279<span class=\"_ _458\"> </span></div></td><td class=\"c n xb2f y3722 wb1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">268<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3723 w42b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Plus Net financing charges (Note 6)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb30 y3723 w478 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">60<span class=\"_ _458\"> </span></div></td><td class=\"c n xb31 y3723 w740 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">55<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3652 w741 h1d0\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Less Underlying Profit due to joint ventures</div><div class=\"t m0 xb32 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xb33 y3652 w2a9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">(90)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb34 y3652 w742 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws1\">(100)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3759 w743 h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">Plus distributions and other receivables fr<span class=\"_ _1\"></span>om joint ventures</div><div class=\"t m0 xb35 h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n xb36 y3759 wc0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls215 ws1\">84<span class=\"_ _458\"> </span></div></td><td class=\"c n xb37 y3759 w11c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">88<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f6 w744 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Plus depreciation and amortisation (Table <span class=\"_ _1\"></span>A)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa6c y36f6 w561 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws1\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n xb38 y36f6 w561 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">8<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w745 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20b ws255\">Total EBITDA for Group Net Debt to E<span class=\"_ _1\"></span>BITDA calculation<span class=\"_ _458\"> </span></div></td><td class=\"c n xb39 y3655 w746 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws1\">341<span class=\"_ _458\"> </span></div></td><td class=\"c n xb3a y3655 w747 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws1\">319<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls2f6 ws2f7 gs37d\">Proportionally consolidat<span class=\"ls293 ws1\">ed Net Debt to EBITDA </span></div><div class=\"gs37e\"><table class=\"s w748 h209\" id=\"_34b63752-67f6-49f5-a00e-f6efc99c5010\"><tr><td></td><td class=\"t m0 x273 h19e y3936 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3936 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3937 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3937 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3938 w749 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws25f\">Proportionally consolidated<span class=\"_ _1\"></span> Net Debt to EBITDA<span class=\"_ _458\"> </span></div></td><td class=\"c n xb3b y3938 w74a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23b ws1\">9.3x<span class=\"_ _458\"> </span></div></td><td class=\"c n xb3c y3938 w5c3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws1\">8.5x<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38d5 w715 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Principal amount of gross debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xb1f y38d5 w72c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23b ws1\">3,738<span class=\"_ _458\"> </span></div></td><td class=\"c n xb20 y38d5 w72d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls250 ws1\">3,443<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y392d w74b h1d6\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">Less cash and short term <span class=\"_ _1\"></span>deposits</div><div class=\"t m0 xb21 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n xb22 y392d w72f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws1\">(101)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb3d y392d w730 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">(183)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3848 w719 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Plus cash attributable to non-controlling interests<span class=\"_ _458\"> </span></div></td><td class=\"c n x279 y3848 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb11 y3848 w81 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3939 w74c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws20f\">Total net debt for proportion<span class=\"_ _1\"></span>al Net Debt to EBITDA calculation<span class=\"_ _458\"> </span></div></td><td class=\"c n xb3e y3939 w732 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">3,637<span class=\"_ _458\"> </span></div></td><td class=\"c n xb3f y3939 w45b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws1\">3,261<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w73f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Underlying Profit (Table A)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb2e y3652 w288 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws1\">279<span class=\"_ _458\"> </span></div></td><td class=\"c n xb2f y3652 wb1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">268<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3759 w74d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">Plus Net financing charges (Table A)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb40 y3759 w422 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws1\">103<span class=\"_ _458\"> </span></div></td><td class=\"c n xb41 y3759 w74e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws1\">108<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f6 w744 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Plus depreciation and amortisation (Table <span class=\"_ _1\"></span>A)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa6c y36f6 w561 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws1\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n xb38 y36f6 w561 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">8<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w74f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls220 ws254\">Total EBITDA for propor<span class=\"_ _1\"></span>tional Net Debt to EBITDA calculation<span class=\"_ _458\"> </span></div></td><td class=\"c n xb42 y3655 w750 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">390<span class=\"_ _458\"> </span></div></td><td class=\"c n xb43 y3655 w751 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws1\">384<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22c ws263 gs37f\">1. <span class=\"_ _24\"> </span>Cash and short term deposits exclude tena<span class=\"ls30d ws333\">nt de<span class=\"_ _6\"></span>posits of \u00a336m (2023/24: \u00a330m).  </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls19f ws260 gs380\">2. Underlying Profi<span class=\"_ _6\"></span>t due to joint ventures o<span class=\"_ _6\"></span>f \u00a390m<span class=\"ls230 ws24c\"> (2023/24: \u00a3100m) (consolidat<span class=\"ls22e ws24a\">ed income statement).  </span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls1 ws48 gs381\">3. Includes distributions and <span class=\"_ _6\"></span>other recei<span class=\"ls268 ws27e\">vables from joint ventures of <span class=\"_ _6\"></span>\u00a372m (2023/<span class=\"ls227 wsbb\">24 \u00a377m) (consolidated statement of<span class=\"_ _6\"></span> cash flow<span class=\"ls377 ws469\">s) and </span></span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls226 ws151 gs382\">fees and other income received from join<span class=\"_ _d\"></span><span class=\"ls22b ws46a\">t ventures of \u00a312m (2<span class=\"_ _6\"></span>023/24: \u00a311m).<span class=\"_ _6\"></span> </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22e ws24a gs383\">4. <span class=\"_ _d\"></span>Cash and short term deposits ex<span class=\"_ _6\"></span>clude t<span class=\"ls26a ws27f\">enant deposits of \u00a364m <span class=\"_ _6\"></span>(2023/24: \u00a357m).  </span></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls29f ws2dd gs385\">British Land Unsecured Financial Covenants </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs386\">The two financial covenants applicable to the Group unsecured debt are shown below: </div><div class=\"gs387\"><table class=\"s w712 h20a\" id=\"_c14d6b62-786b-4828-ac63-4b4863dc1228\"><tr><td></td><td class=\"t m0 x273 h19e y393a ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y393a ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y393b ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y393b ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y393c w752 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls202 ws33c\">Net Borrowings not to exceed 175% of Adjusted Capital and Reserves<span class=\"_ _458\"> </span></div></td><td class=\"c n xb44 y393c w5f0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls379 ws1\">47%<span class=\"_ _458\"> </span></div></td><td class=\"c n xb45 y393c w753 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls203 ws1\">40%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y393d w715 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Principal amount of gross debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0c y393d w716 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">2,740<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0d y393d w2e6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws1\">2,225<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y393e w717 h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Less cash and short term dep<span class=\"_ _1\"></span>osits (consolidated statement of cash flows)</div><div class=\"t m0 xb0e h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0f y393e w718 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">(21)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb10 y393e w307 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws1\">(58)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3782 w754 h1dc\"><div class=\"t m0 x1c8 h19f y3635 ff43 fs151 fc18 sc0 ls20b ws255\">Plus the relevant proportion of cash an<span class=\"_ _1\"></span>d de<span class=\"ls21f ws237\">posits of the partly owned subsidiary/non-<span class=\"_ _458\"> </span></span></div><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">controlling interests<span class=\"_ _458\"> </span></div></td><td class=\"c n x280 y3782 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb46 y3782 w755 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3707 w756 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21f ws237\">Net Borrowings<span class=\"_ _458\"> </span></div></td><td class=\"c n xb47 y3707 w73d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws1\">2,719<span class=\"_ _458\"> </span></div></td><td class=\"c n xb48 y3707 w71c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws1\">2,168<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3784 w757 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Share capital and reserves (consolidated balance sheet)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb49 y3784 w758 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws1\">5,710<span class=\"_ _458\"> </span></div></td><td class=\"c n xb4a y3784 w759 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">5,312<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y393f w75a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">Deferred tax liabilities (Table A)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb4b y393f w2bd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23c ws1\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n xb4c y393f w58 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws1\">6<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y370a w75b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">Trading property surplus (defi<span class=\"_ _1\"></span>cit) (Table A)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb4d y370a w127 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n xb4e y370a wab h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">(1)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w75c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Exceptional refinancing charges (see below)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e4 y3652 w6a2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">107<span class=\"_ _458\"> </span></div></td><td class=\"c n xb4f y3652 w75d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws1\">147<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3940 w75e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">Fair value adjustments of financial instru<span class=\"_ _1\"></span>ments (Table A)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb50 y3940 w24e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23b ws1\">(23)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4af y3940 w282 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">(55)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w75f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Less reserves attributable to non-contro<span class=\"ls217 ws22a\">llin<span class=\"_ _1\"></span>g interests (consolidated balance sheet)<span class=\"_ _458\"> </span></span></div></td><td class=\"c n xb51 y375a w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb52 y375a w1d7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws1\">(13)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w760 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">Adjusted Capital and Reserves<span class=\"_ _458\"> </span></div></td><td class=\"c n xb53 y3655 w3a3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls235 ws1\">5,801<span class=\"_ _458\"> </span></div></td><td class=\"c n xb54 y3655 w761 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">5,3<span class=\"_ _1\"></span>96<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws25b gs388\">In calculating Adjusted Capital and Reserves for the purpos<span class=\"_ _1\"></span>e of the unsecured debt financial covenants, there is an </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gs389\">adjustment of \u00a3107m (2023/24: \u00a3147m<span class=\"_ _6\"></span>) to reflect the cumu<span class=\"ls274 ws289\">lative net amortised exceptional items relating to the </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs38a\">refinancings in the years ended 31 March 2005, 2006 and 2007. </div><div class=\"gs38b\"><table class=\"s w762 h20b\" id=\"_8d2c1779-1f01-461d-9b24-a4e8e08c2639\"><tr><td></td><td class=\"t m0 x273 h19e y3941 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3941 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3942 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3942 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y377f w763 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls245 ws2e3\">Net Unsecured Borrowings not to exceed 70% of Unencumbered Assets<span class=\"_ _458\"> </span></div></td><td class=\"c n xb55 y377f w764 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls208 ws1\">43%<span class=\"_ _458\"> </span></div></td><td class=\"c n xb56 y377f w765 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">38%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3943 w715 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Principal amount of gross debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0c y3943 w716 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">2,740<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0d y3943 w2e6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws1\">2,225<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3934 w766 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws22a\">Less cash and short term deposits not su<span class=\"_ _1\"></span>bject to a security interest<span class=\"_ _458\"> </span></div></td><td class=\"c n xb57 y3934 w718 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">(21)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4dc y3934 w307 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws1\">(58)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3944 w719 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Plus cash attributable to non-controlling interests<span class=\"_ _458\"> </span></div></td><td class=\"c n x279 y3944 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb11 y3944 w81 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y392c w767 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">Less principal amount of secur<span class=\"_ _1\"></span>ed and non-recourse borrowings<span class=\"_ _458\"> </span></div></td><td class=\"c n xb58 y392c w291 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws1\">(501)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb59 y392c w768 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls319 ws1\">(633)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3935 w769 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls23b ws2f9\">Net Unsecured Borrowings<span class=\"_ _458\"> </span></div></td><td class=\"c n xb5a y3935 w76a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">2,218<span class=\"_ _458\"> </span></div></td><td class=\"c n xb5b y3935 w76b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">1,535<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3650 w71d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Group property portfolio valuation (Note 10)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb14 y3650 w71e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">6,065<span class=\"_ _458\"> </span></div></td><td class=\"c n xab1 y3650 w71f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls366 ws1\">5,1<span class=\"_ _1\"></span>30<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3651 w720 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Investments in joint ventures (Note 11)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb15 y3651 w721 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws1\">2,462<span class=\"_ _458\"> </span></div></td><td class=\"c n xb16 y3651 wbd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">2,429<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3799 w722 h1d9\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Other investments and property, plant and e<span class=\"_ _1\"></span>quipment (consolidated balance sheet)</div><div class=\"t m0 xb17 h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xb18 y3799 w723 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws1\">50<span class=\"_ _458\"> </span></div></td><td class=\"c n xb19 y3799 w3da h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">56<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w76c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Less investments in joint vent<span class=\"_ _1\"></span>ures (Note 11)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb5c y3653 w76d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws1\">(2,462)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb5d y3653 w76e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws1\">(2,429)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3654 w76f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Less encumbered assets (Note 10)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb5e y3654 w770 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws1\">(905)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb5f y3654 w771 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws1\">(1,137)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w772 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls216 ws26b\">Unencumbered Assets<span class=\"_ _458\"> </span></div></td><td class=\"c n xb60 y3655 w4ca h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">5,210<span class=\"_ _458\"> </span></div></td><td class=\"c n xb61 y3655 w773 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws1\">4,049<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22c ws263 gs38c\">1. <span class=\"_ _24\"> </span>Cash and short term deposits exclude tena<span class=\"ls30d ws333\">nt de<span class=\"_ _6\"></span>posits of \u00a336m (2023/24: \u00a330m).  </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls225 ws244 gs38d\">2. The \u00a314m (2023/24: \u00a31<span class=\"_ _6\"></span>7m) difference between other investmen<span class=\"_ _6\"></span>ts <span class=\"ls226 ws151\">and plant, property and equipment per <span class=\"_ _6\"></span>the balance sheet totall<span class=\"_ _d\"></span><span class=\"ls22c ws1\">ing </span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22c ws263 gs38e\">\u00a364m (2023/24: \u00a373m) relates to a right-of-use<span class=\"_ _d\"></span> asset recognised <span class=\"ls22f ws24b\">under a lease which is classified as property, plant and equipm<span class=\"_ _6\"></span><span class=\"ls30c ws1\">ent </span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls225 ws244 gs38f\">which is not included within unencumbered assets fo<span class=\"_ _d\"></span><span class=\"ls227 wsbb\">r the purposes of the covenant calculation. </span><span class=\"ls227 wsbb\"> </span></div>Reconciliation of movement in Group net <span class=\"ls293 ws1\">debt for the year ended 31 March 2025</span><table class=\"s w774 h20c\" id=\"_a2e6f9a5-0afc-4e8b-bbeb-75e6bd969ddf\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x338 h19e y3945 ff42 fs150 fc16 sc0 ls2ee ws1\">Arrangement </td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x336 h19e y3946 ff42 fs150 fc16 sc0 ls1fe ws1\">Foreign </td><td></td><td class=\"t m0 x564 h19e y3947 ff42 fs150 fc16 sc0 ls369 ws1\">cost </td><td></td></tr><tr><td></td><td class=\"t m0 xb62 h19e y3948 ff42 fs150 fc16 sc0 ls1f4 ws1\">2024 </td><td class=\"t m0 xad2 h19e y3948 ff42 fs150 fc16 sc0 ls373 ws456\">Cash flows </td><td class=\"c xb64 y3949 w775 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls2ed ws1\">Transfers</div><div class=\"t m0 xb63 h72 y3625 ff42 fs63 fc16 sc0 ls1 ws1\">1</div></td><td class=\"t m0 x6eb h19e y394a ff42 fs150 fc16 sc0 ls263 ws1\">exchange </td><td class=\"t m0 x57e h19e y394a ff42 fs150 fc16 sc0 ls321 ws365\">Fair value </td><td class=\"t m0 x44f h19e y394b ff42 fs150 fc16 sc0 ls347 ws1\">amortisati<span class=\"_ _d\"></span>on </td><td class=\"t m0 x274 h19e y394b ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td></tr><tr><td></td><td class=\"t m0 xb65 h19e y394c ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x334 h19e y394c ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x589 h19e y394d ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x58a h19e y394e ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d9 h19e y394e ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1da h19e y394f ff42 fs150 fc16 sc0 ls1f8 ws1ff\">\u00a3m  </td><td class=\"t m0 x1db h19e y394f ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y37fe w776 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Short term borrowings<span class=\"_ _458\"> </span></div></td><td class=\"c n xb66 y37fe w777 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n xb67 y37fe w532 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">(12)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb68 y37fe w778 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">311<span class=\"_ _458\"> </span></div></td><td class=\"c n xb69 y37fe w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb6a y37fe w1b0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb6b y37fe w779 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xb6c y37fe w2f5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">311<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3950 w77a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Long term borrowings<span class=\"_ _458\"> </span></div></td><td class=\"c n xb6d y3950 w77b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls245 ws46c\">2,202<span class=\"_ _458\"> </span></div></td><td class=\"c n xb6e y3950 w77c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls245 ws46c\">513<span class=\"_ _458\"> </span></div></td><td class=\"c n xb6f y3950 w77d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls245 ws46c\">(311)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb70 y3950 w77e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls245 ws46c\">(6)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb71 y3950 w77f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls245 ws46c\">21<span class=\"_ _458\"> </span></div></td><td class=\"c n xb72 y3950 w780 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls245 ws46c\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb73 y3950 w781 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls245 ws46c\">2,417<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3951 w782 h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws1\">Derivatives</div><div class=\"t m0 xb74 h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xb75 y3951 w306 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws46d\">(43)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb76 y3951 w783 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws46d\">29<span class=\"_ _458\"> </span></div></td><td class=\"c n xb77 y3951 w178 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws46d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb78 y3951 w784 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws46d\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n xb79 y3951 w785 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws46d\">(16)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb7a y3951 w1b0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws46d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb7b y3951 w601 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws46d\">(24)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3759 w786 h1dc\"><div class=\"t m0 x1c8 h19f y3635 ff43 fs151 fc18 sc0 ls20e ws219\">Total liabilities from<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws216\">financing activities</div><div class=\"t m0 xb7c h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n xb7d y3759 w787 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">2,169<span class=\"_ _458\"> </span></div></td><td class=\"c n xb7e y3759 w788 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">530<span class=\"_ _458\"> </span></div></td><td class=\"c n xb7f y3759 w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb80 y3759 w1b0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb81 y3759 w789 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n xb82 y3759 w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb83 y3759 w78a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">2,704<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a wd3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">Cash and cash equivalents<span class=\"_ _458\"> </span></div></td><td class=\"c n xb84 y375a w78b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws366\">(88)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb85 y375a w4e3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws366\">31<span class=\"_ _458\"> </span></div></td><td class=\"c n xb86 y375a w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws366\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb87 y375a w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws366\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb88 y375a w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws366\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb89 y375a w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws366\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb8a y375a w78c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws366\">(57)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w6f1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">Net debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xb8b y3655 w198 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws367\">2,081<span class=\"_ _458\"> </span></div></td><td class=\"c n xb8c y3655 w78d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws367\">561<span class=\"_ _458\"> </span></div></td><td class=\"c n xb8d y3655 w178 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws367\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb8e y3655 w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws367\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb8f y3655 w789 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws367\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n xb90 y3655 w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws367\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb91 y3655 w78e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws367\">2,647<span class=\"_ _458\"> </span></div></td></tr></table>Reconciliation of movement in Group net <span class=\"ls293 ws1\">debt for the year ended 31 March 2024</span><table class=\"s w78f h20d\" id=\"_6ce1f2d2-cbb0-4646-ba4d-af9d176f959d\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xb92 h19e y3952 ff43 fs150 fc18 sc0 ls2ec ws1\">Arrangement </td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x3f6 h19e y3953 ff43 fs150 fc18 sc0 ls234 ws1\">Foreign </td><td></td><td class=\"t m0 x564 h19e y3954 ff43 fs150 fc18 sc0 ls2fa ws1\">cost </td><td></td></tr><tr><td></td><td class=\"t m0 xb62 h19e y3955 ff43 fs150 fc18 sc0 ls1ff ws1\">2023 </td><td class=\"t m0 xb93 h19e y3955 ff43 fs150 fc18 sc0 ls1f9 ws200\">Cash flows </td><td class=\"c xb64 y3949 w790 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls258 ws1\">Transfers</div><div class=\"t m0 xb63 h72 y3625 ff43 fs63 fc18 sc0 ls1 ws1\">1</div></td><td class=\"t m0 x3ea h19e y3956 ff43 fs150 fc18 sc0 ls259 ws1\">exchange </td><td class=\"t m0 xad3 h19e y3956 ff43 fs150 fc18 sc0 ls25d ws455\">Fair value </td><td class=\"t m0 x57d h19e y3957 ff43 fs150 fc18 sc0 ls1fb ws1\">amortisation </td><td class=\"t m0 x274 h19e y3957 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 xb65 h19e y3958 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x334 h19e y3958 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x589 h19e y3959 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x58a h19e y395a ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1d9 h19e y395a ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1da h19e y395b ff43 fs150 fc18 sc0 ls1fc ws201\">\u00a3m  </td><td class=\"t m0 x1db h19e y395b ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y37fe w776 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Short term borrowings<span class=\"_ _458\"> </span></div></td><td class=\"c n xb94 y37fe w791 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">402<span class=\"_ _458\"> </span></div></td><td class=\"c n xb95 y37fe w792 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">(384)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb96 y37fe wcc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n xb97 y37fe w9c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb98 y37fe w793 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">(20)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb99 y37fe w4b0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xb9a y37fe wcc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">10<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y374e w794 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws26b\">Long term borrowings<span class=\"_ _458\"> </span></div></td><td class=\"c n xb9b y374e w5a3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws26b\">1,865<span class=\"_ _458\"> </span></div></td><td class=\"c n xb9c y374e w5ac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws26b\">355<span class=\"_ _458\"> </span></div></td><td class=\"c n xb9d y374e w795 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws26b\">(10)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb9e y374e w1a9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws26b\">(7)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb9f y374e w5a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws26b\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xba0 y374e w796 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws26b\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n xba1 y374e wbd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws26b\">2,202<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y37ff w797 h1d9\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws1\">Derivatives</div><div class=\"t m0 xb74 h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n xba2 y37ff w798 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws46e\">(77)<span class=\"_ _458\"> </span></div></td><td class=\"c n xba3 y37ff w799 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws46e\">(15)<span class=\"_ _458\"> </span></div></td><td class=\"c n xba4 y37ff w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws46e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xba5 y37ff w72 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws46e\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n xba6 y37ff w79a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws46e\">42<span class=\"_ _458\"> </span></div></td><td class=\"c n xba7 y37ff w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws46e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xba8 y37ff w24c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws46e\">(43)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y395c w786 h1d3\"><div class=\"t m0 x1c8 h19f y3635 ff43 fs151 fc18 sc0 ls20e ws219\">Total liabilities from<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws216\">financing activities</div><div class=\"t m0 xb7c h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n xba9 y3759 w79b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws21b\">2,190<span class=\"_ _458\"> </span></div></td><td class=\"c n xbaa y3759 w79c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws21b\">(44)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbab y3759 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws21b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbac y3759 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws21b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbad y3759 w79d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws21b\">23<span class=\"_ _458\"> </span></div></td><td class=\"c n xbae y3759 w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws21b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbaf y3759 w79e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws21b\">2,169<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f6 w79f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws46f\">Cash <span class=\"_ _31f\"></span>and <span class=\"_ _31f\"></span>cash <span class=\"_ _31f\"></span>equivalents<span class=\"_ _458\"> </span></div></td><td class=\"c n xbb0 y36f6 w7a0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws46f\">(125)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbb1 y36f6 w7a1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws46f\">37<span class=\"_ _458\"> </span></div></td><td class=\"c n xbb2 y36f6 w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws46f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbb3 y36f6 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws46f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x593 y36f6 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws46f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x594 y36f6 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws46f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbb4 y36f6 w7a2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws46f\">(88)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w6f1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">Net debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xbb5 y3655 w7a3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws470\">2,065<span class=\"_ _458\"> </span></div></td><td class=\"c n xbb6 y3655 w7a4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws470\">(7)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbb7 y3655 w170 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws470\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbb8 y3655 w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws470\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbb9 y3655 w7a5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws470\">23<span class=\"_ _458\"> </span></div></td><td class=\"c n xbba y3655 w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws470\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbbb y3655 w7a6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws470\">2,081<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>Transfers comprises debt maturing from<span class=\"ls254 ws152\"> long te<span class=\"_ _6\"></span>rm to short term borro<span class=\"_ _6\"></span>wings.<span class=\"_ _458\"> </span></span>2. Cash flows on derivatives<span class=\"_ _6\"></span><span class=\"ls227 wsbb\"> include \u00a337m of net receipts on derivative interes<span class=\"_ _d\"></span>t<span class=\"_ _1\"></span>.<span class=\"_ _458\"> </span></span>3. Cash flows of \u00a3530m includes<span class=\"_ _d\"></span><span class=\"ls225\"> repayment of bank and other <span class=\"ls26a ws27f\">borrowings of \u00a3132<span class=\"_ _6\"></span>m, proceeds fr<span class=\"ls248 ws249\">om new borrowings of <span class=\"_ _6\"></span>\u00a3297m,<span class=\"_ _458\"> </span></span></span></span>drawdowns on bank and other borro<span class=\"_ _6\"></span>wings of \u00a3138m, which includes <span class=\"_ _6\"></span><span class=\"ls226 ws151\">\u00a39m of issue costs, net dr<span class=\"_ _6\"></span>awdown<span class=\"ls1 ws48\"> of revolving credit facilities<span class=\"ls253 ws261\"> of<span class=\"_ _458\"> </span></span></span></span>\u00a3198m and capital payments in respect of in<span class=\"_ _6\"></span><span class=\"ls22d ws248\">terest rate deriv<span class=\"_ _6\"></span>atives of \u00a38m a<span class=\"_ _6\"></span>s shown <span class=\"ls225 ws244\">in the consolidated sta<span class=\"_ _d\"></span>tement of cash flows,<span class=\"ls227 wsbb\"> along<span class=\"_ _458\"> </span></span></span></span>with \u00a337m of ne<span class=\"_ _6\"></span>t receipts on de<span class=\"_ _d\"></span>rivative interest.<span class=\"_ _458\"> </span>4. <span class=\"_ _d\"></span>Cash flows on derivatives include \u00a316m <span class=\"_ _d\"></span><span class=\"ws249\">of net receipts on derivative interest.<span class=\"_ _458\"> </span></span>5. Cash flows of<span class=\"_ _6\"></span> \u00a344m includes capital paym<span class=\"ls254 ws152\">ents i<span class=\"_ _6\"></span>n respect of interest <span class=\"_ _6\"></span>rate derivatives of \u00a331m, re<span class=\"_ _6\"></span>payment of bank and other<span class=\"_ _458\"> </span></span>borrowings of \u00a3385m, drawdow<span class=\"_ _6\"></span>ns on bank and other borrowings of<span class=\"_ _d\"></span><span class=\"ls225 ws471\"> \u00a3361m and net <span class=\"_ _1\"></span>repaymen<span class=\"_ _6\"></span>t of revo<span class=\"ls22f ws24b\">lving credit facilities of \u00a32m<span class=\"_ _458\"> </span></span></span>shown in the consolidated statement of cash flo<span class=\"_ _6\"></span>ws, along with \u00a316m <span class=\"_ _6\"></span>of net receipts on derivativ<span class=\"_ _6\"></span>e interest and \u00a33m of issue cost<span class=\"_ _d\"></span><span class=\"ls225 ws1\">s.<span class=\"_ _458\"> </span></span>Fair value hierarchy<span class=\"_ _458\"> </span>The table below provides an analysis of financial instruments carried at fair value, by the valuation method. The<span class=\"_ _6\"></span> fair<span class=\"_ _458\"> </span>value hierarchy levels are defined in Note 10.<table class=\"s w7a7 h20e\" id=\"_93273961-a5e3-401d-9b3c-d870ea9db155\"><tr><td></td><td></td><td class=\"c n xbbc y37f4 w1c2 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td class=\"c n xbbd y37f4 w29 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f5 ws473\">2024<span class=\"_ _458\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xb62 h19e y395d ff42 fs150 fc16 sc0 ls1f6 ws474\">Level 1 </td><td class=\"t m0 x608 h19e y395d ff42 fs150 fc16 sc0 ls37b ws475\">Level 2 </td><td class=\"t m0 x1cf h19e y395d ff42 fs150 fc16 sc0 ls330 ws36d\">Level 3 </td><td class=\"t m0 x3ef h19e y395d ff42 fs150 fc16 sc0 ls1f4 ws1\">Total </td><td class=\"t m0 xbbe h19e y395d ff43 fs150 fc18 sc0 ls343 ws476\">Level 1 </td><td class=\"t m0 xbbf h19e y395d ff43 fs150 fc18 sc0 ls341 ws3d4\">Level 2 </td><td class=\"t m0 x559 h19e y395d ff43 fs150 fc18 sc0 ls336 ws382\">Level 3 </td><td class=\"t m0 x1d4 h19e y395d ff43 fs150 fc18 sc0 ls1ff ws1\">Total </td></tr><tr><td></td><td class=\"t m0 xbc0 h19e y395e ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d6 h19e y395e ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 xa34 h19e y395e ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 xbc1 h19e y395e ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x337 h19e y395e ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x44f h19e y395e ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x339 h19e y395e ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y395e ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"t m0 x20e h19f y395f ff43 fs151 fc18 sc0 ls205 ws20b\">Interest rate and currency </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3960 w7a8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">derivative assets<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc2 y3960 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws477\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc3 y3960 w7a9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws477\">(82)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc4 y3960 w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws477\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc5 y3960 w7a9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws477\">(82)<span class=\"_ _458\"> </span></div></td><td class=\"c n x3da y3960 w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws478\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc6 y3960 w64f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws478\">(99)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc7 y3960 w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws478\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xaaf y3960 w64f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws478\">(99)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3961 w7aa h1d3\"><div class=\"t m0 x1c8 h19f y3635 ff43 fs151 fc18 sc0 ls20a ws255\">Other investments \u2013 fair value <span class=\"_ _1\"></span>through<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">profit or loss (Note 12)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc8 y3962 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws479\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc9 y3962 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws479\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbca y3962 w7ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws479\">(41)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbcb y3962 w7ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws479\">(41)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbcc y3962 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws47a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbcd y3962 w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws47a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbce y3962 w4ea h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws47a\">(46)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbcf y3962 w4ea h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws47a\">(46)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3963 w7ac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls213 ws1\">Assets<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd0 y3963 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws47b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd1 y3963 w49 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws47b\">(82)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd2 y3963 w7ad h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws47b\">(41)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd3 y3963 w36 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws47b\">(123)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd4 y3963 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws47c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd5 y3963 w7ae h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws47c\">(99)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd6 y3963 w7af h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws47c\">(46)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd7 y3963 w7b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws47c\">(145)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3964 ff43 fs151 fc18 sc0 ls205 ws20b\">Interest rate and currency </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y3965 ff43 fs151 fc18 sc0 ls20e ws219\">derivative liabilities </td><td class=\"c n xbc8 y3750 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd8 y3750 w641 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd9 y3750 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbda y3750 w7b1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n xbdb y3750 w22e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbdc y3750 w7b2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">56<span class=\"_ _458\"> </span></div></td><td class=\"c n xbdd y3750 w22e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbde y3750 w7b3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">56<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3654 w7b4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws1\">Liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n xbdf y3654 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe0 y3654 w7b1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe1 y3654 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe2 y3654 w7b5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe3 y3654 w22e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe4 y3654 w7b2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">56<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe5 y3654 w7b6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe6 y3654 w7b3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">56<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w26d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd0 y3655 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws47f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe7 y3655 w28c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws47f\">(24)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe8 y3655 w7b7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws47f\">(41)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe9 y3655 w7b8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws47f\">(65)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd4 y3655 w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws480\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbea y3655 w7b9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws480\">(43)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbeb y3655 w470 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws480\">(46)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbec y3655 w7ba h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws480\">(89)<span class=\"_ _458\"> </span></div></td></tr></table><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls2ba ws3a3 gs3a3\">Categories of financial instruments </div><div class=\"gs266\"><table class=\"s w6f2 h20f\" id=\"_072a0f71-0e54-4826-a291-28890fc727a2\"><tr><td></td><td class=\"t m0 x273 h19e y3966 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3966 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3967 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3967 ff43 fs150 fc18 sc0 ls1fc ws201\">\u00a3m  </td></tr><tr><td class=\"t m0 x20e h19f y3968 ff42 fs151 fc18 sc0 ls21f ws237\">Financial assets <span class=\"_ _325\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y3969 ff42 fs151 fc18 sc0 ls20e ws219\">Amortised cost <span class=\"_ _326\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y396a wd3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">Cash and cash equivalents<span class=\"_ _458\"> </span></div></td><td class=\"c n xbed y396a w46b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls241 ws1\">57<span class=\"_ _458\"> </span></div></td><td class=\"c n xbee y396a wd6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">88<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y396b w7bb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">Trade and other debtors (Not<span class=\"_ _1\"></span>e 13)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbef y396b wd5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">28<span class=\"_ _458\"> </span></div></td><td class=\"c n xbf0 y396b w37b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">22<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y396c ff42 fs151 fc18 sc0 ls205 ws20b\">Fair value through profit or loss <span class=\"_ _327\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c x1dc y396d w7bc h1d0\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Derivatives in designated fair value hedge accounting relationships</div><div class=\"t m0 xbf1 h1a0 y362c ff43 fs152 fc18 sc0 ls32d ws1\">1,2<span class=\"_ _458\"> </span></div></td><td class=\"c n xbf2 y396d w7bd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws1\">14<span class=\"_ _458\"> </span></div></td><td class=\"c n xbf3 y396d w2a7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">15<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y377f w7be h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Derivatives not in designated hedge acc<span class=\"_ _1\"></span>ounting relationships<span class=\"_ _458\"> </span></div></td><td class=\"c n xbf4 y377f w7bf h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws1\">68<span class=\"_ _458\"> </span></div></td><td class=\"c n xbf5 y377f w7c0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws1\">84<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y396e w7c1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Other investments (Note 12)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbf6 y396e w7c2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws1\">41<span class=\"_ _458\"> </span></div></td><td class=\"c n xbf7 y396e w388 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls250 ws1\">46<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xbf8 y396f w7c3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws1\">208<span class=\"_ _458\"> </span></div></td><td class=\"c n xbf9 y396f w7c4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls201 ws1\">255<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3970 ff42 fs151 fc18 sc0 ls20e ws24f\">Financial liabilities <span class=\"_ _329\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y3971 ff42 fs151 fc18 sc0 ls20e ws219\">Amortised cost <span class=\"_ _326\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3972 w7c5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Creditors (Note 14)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbfa y3972 w433 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">(182)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbfb y3972 w72f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws1\">(187)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3935 w7c6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws481\">Gross debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xbfc y3935 w7c7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws1\">(2,728)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbfd y3935 w7c8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws1\">(2,212)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y392e w7c9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Lease liabilities (Notes 14 and 15)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbfe y392e w7ca h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws1\">(114)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbff y392e w147 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">(127)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3973 ff42 fs151 fc18 sc0 ls205 ws20b\">Fair value through profit or loss <span class=\"_ _327\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _1fe\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c x1dc y365f w7bc h1d9\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Derivatives in designated fair value hedge accounting relationships</div><div class=\"t m0 xbf1 h1a0 y362f ff43 fs152 fc18 sc0 ls32d ws1\">1,2<span class=\"_ _458\"> </span></div></td><td class=\"c n xc00 y365f we8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws1\">(6)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc01 y365f w7cb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(17)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3750 w7be h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Derivatives not in designated hedge acc<span class=\"_ _1\"></span>ounting relationships<span class=\"_ _458\"> </span></div></td><td class=\"c n xa92 y3750 w6cd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws1\">(52)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc02 y3750 w474 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws1\">(39)<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xc03 y3654 w7cc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws1\">(3,082)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc04 y3654 w7cd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls319 ws1\">(2,582)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w26d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n xc05 y3655 w7ce h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws1\">(2,874)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc06 y3655 w7cf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws1\">(2,327)<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls311 ws37f gs3a4\">1. <span class=\"_ _24\"> </span>Derivative assets and liabilit<span class=\"ls1\">ies in designated hedge accounting relationships si<span class=\"ls248 ws249\">t <span class=\"_ _6\"></span>within the derivative assets and derivati<span class=\"_ _6\"></span><span class=\"ls22e ws24a\">ve liabilities </span></span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22f ws24b gs3a5\">balances of the cons<span class=\"ls22a ws246\">olidated balance sheet. </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls229 ws55 gs3a6\">2. The fair value of derivative assets in designated hedge accounting <span class=\"ls255 ws262\">relationships represents the accumulated amount of fair v<span class=\"ws1\">alue </span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22e ws24a gs3a7\">hedge adjustments on hedged items. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs3a8\">Gains and losses on financial instruments,<span class=\"ls270 ws285\"> as classed ab<span class=\"_ _6\"></span>ove, are disclosed in No<span class=\"ls2b1 ws2ba\">te 6 (net financing charges), Note 13 </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27e ws293 gs3a9\">(debtors), the consolidated income st<span class=\"ls24a ws258\">atem<span class=\"_ _6\"></span>ent and the consolidated statement <span class=\"ls249 ws28e\">of comprehensive i<span class=\"_ _6\"></span>ncome. The Directors </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws25b gs3aa\">consider that the carrying amounts of other investments ar<span class=\"ls288 ws295\">e approximate to their fair va<span class=\"ls275 ws28a\">lue, and that the carrying </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs3ab\">amounts are recoverable. </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls29d ws2ae gs3ac\">Capital risk management </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28e ws29f gs3ad\">The capital structure of the Group consists of net debt and equity attributable to the equity holder<span class=\"_ _1\"></span>s of The <span class=\"_ _6\"></span>British Land </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls295 ws2a6 gs3ae\">Company PLC, comprising is<span class=\"_ _6\"></span>su<span class=\"ls24a ws258\">ed capital, reserves and retained earnings. Risks relating to capital structure are </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs3af\">addressed within Managing risk in delivering our strategy<span class=\"ls273 ws288\"> on pages 4<span class=\"_ _6\"></span>7 to 58. The Group\u2019s objectives, p<span class=\"_ _6\"></span>olicies and </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs3b0\">processes for managing debt are set out in the Fina<span class=\"_ _d\"></span><span class=\"ls275 ws28a\">ncial policies and principles on pages 44 to 46.  </span></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls32e ws368 gs3b1\">Interest rate risk management </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs3b2\">The Group uses interest rate swaps and ca<span class=\"ls27c ws291\">ps to hedge exposure to th<span class=\"_ _6\"></span>e variability <span class=\"ls26f ws284\">in cash flows on floating rate debt, </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs3b3\">such as revolving bank facilities, caused by movements in ma<span class=\"_ _6\"></span><span class=\"ls27d ws292\">rket rates of interest. The Gr<span class=\"ls29b ws1fd\">oup\u2019s ob<span class=\"_ _6\"></span>jectives and processes </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs3b4\">for managing interest rate risk are set out in the Financial policies and<span class=\"_ _6\"></span> principles on pages 44 to 46. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27e ws293 gs3b5\">At 31 March 2025, the fair value of these<span class=\"_ _6\"></span> derivatives is a <span class=\"ls299 ws2a3\">net asset of <span class=\"_ _d\"></span>\u00a363m (2023/24: \u00a37<span class=\"_ _1\"></span>4m). Interest rate swaps with </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs3b6\">a fair value of \u00a3nil (2023/24: \u00a3nil) have been <span class=\"ls289 ws2ab\">designated as cash flow hedges under IFRS 9. </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls270 ws285 gs3b7\">The ineffectiveness recognised in the co<span class=\"ls27d ws292\">n<span class=\"_ _6\"></span>solidated income statemen<span class=\"ls36b ws2b6\">t on cash<span class=\"_ _6\"></span> flow hedges in the <span class=\"_ _6\"></span>year ended 31 <span class=\"_ _6\"></span>March </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs3b8\">2025 was \u00a3nil (2023/24: \u00a3nil). </div>The cash flows occur and are charged to<span class=\"ls277 ws28d\"> <span class=\"_ _6\"></span>profit and loss until the maturity <span class=\"ls27e ws293\">of the hedged debt. The table below<span class=\"_ _458\"> </span></span></span>summarises variable rate debt hedged at 31 March.<span class=\"_ _458\"> </span>Variable rate debt hedged <table class=\"s w7d0 h210\" id=\"_465f8794-f163-4de6-858e-e1ad1c12f457\"><tr><td></td><td class=\"t m0 xae5 h19e y3974 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3974 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 xa3a h19e y3975 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3975 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3976 w7d1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Outstanding: <span class=\"_ _1f\"></span> at one year<span class=\"_ _458\"> </span></div></td><td class=\"c n xc07 y3976 w7d2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">2,020<span class=\"_ _458\"> </span></div></td><td class=\"c n xc08 y3976 w7d3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws1\">1,175<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n xc09 y36b7 w7d4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">at two years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0a y36b7 w7d5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">1,670<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0b y36b7 w7d6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws1\">1,520<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n xc09 y3655 w7d7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">at five years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0c y3655 w7d8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">950<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0d y3655 w7d9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35f ws1\">700<span class=\"_ _458\"> </span></div></td></tr></table>Fair value hedged debt<span class=\"_ _458\"> </span>The Group uses interest rate swaps to hedge exposure on fi<span class=\"ls27c ws291\">xed rate f<span class=\"_ _d\"></span>inancial liab<span class=\"_ _1\"></span>ilities caused by movements in market<span class=\"_ _458\"> </span></span>rates of interest.<span class=\"_ _458\"> </span>At 31 March 2025, the fair value of these derivatives is a net liability of \u00a339m (2023/24: net liability of \u00a332<span class=\"_ _6\"></span>m). Interest<span class=\"_ _458\"> </span>rate swaps with a fair value asset of \u00a38m have been desi<span class=\"_ _6\"></span><span class=\"ls299 ws2a3\">gnated as fair value hedges under IFRS 9 (2023/24: liability<span class=\"_ _458\"> </span></span>of \u00a32m).<span class=\"_ _458\"> </span>The cross-currenc<span class=\"_ _6\"></span>y swaps of the 2<span class=\"_ _6\"></span>025/202<span class=\"ls273 ws288\">6 US Private P<span class=\"_ _6\"></span>lacements fully hedge the foreign exchange exposu<span class=\"_ _6\"></span>re at an<span class=\"_ _458\"> </span></span>average floating rate of 150 basis points above SONIA. Th<span class=\"ls273 ws288\">ese have be<span class=\"_ _d\"></span>en designated as fair value hedges of the US<span class=\"_ _458\"> </span></span>Private Placements.<span class=\"_ _458\"> </span>Interest rate profile \u2013 including effect of derivatives<table class=\"s w7da h202\" id=\"_6c030420-27ae-4e7c-b091-c2a0b4011216\"><tr><td></td><td class=\"t m0 x273 h19e y3977 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3977 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3978 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3978 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3770 w7db h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">Fixed or capped rate<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0e y3770 w6d1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">2,647<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0f y3770 w6d2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws1\">2,081<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xc0e y3655 w6d1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">2,647<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0f y3655 w6d2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws1\">2,081<span class=\"_ _458\"> </span></div></td></tr></table>All the debt is effectively Sterling denominated except for <span class=\"ls27d ws292\">\u00a333m of<span class=\"_ _6\"></span> USD debt of which \u00a333m is at a variable <span class=\"_ _6\"></span>rate<span class=\"_ _458\"> </span></span>(2023/24: \u00a330m).<span class=\"_ _458\"> </span>At 31 March 2025 the weighted average interest rate of<span class=\"ls288 ws295\"> the Sterling fixed rate debt is 4.3% (2023/24: 4.2%).<span class=\"_ _458\"> </span></span>The weighted average period for which the rate <span class=\"ls272 ws287\">is fi<span class=\"_ _d\"></span>x<span class=\"_ _1\"></span>ed is 5.5 years <span class=\"_ _6\"></span>(2023/24: 6.3 years). </span>Sensitivity table \u2013 market rate movements<table class=\"s w7dc h211\" id=\"_7142db2d-89d0-4f13-8774-818764fcdbc9\"><tr><td></td><td class=\"c n xc10 y3979 w28 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xc11 y3979 w29 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f5 ws484\">2024<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n xc12 y397a w7dd h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls2ee ws485\">Increase<span class=\"_ _458\"> </span></div></td><td class=\"c n xc13 y397a w7de h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls2ee ws485\">Decrease<span class=\"_ _458\"> </span></div></td><td class=\"c n xc14 y397a w7df h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fb ws486\">Increase<span class=\"_ _458\"> </span></div></td><td class=\"c n xc15 y397a w7e0 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fb ws486\">Decrease<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y397b w7e1 h1d6\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Movement in interest rates (bps)</div><div class=\"t m0 x5fc h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xc16 y397b w2ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws487\">100<span class=\"_ _458\"> </span></div></td><td class=\"c n xc17 y397b w7e2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws487\">(100)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc18 y397b w45 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws20e\">100<span class=\"_ _458\"> </span></div></td><td class=\"c n xc19 y397b w7e3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws20e\">(100)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f5 w7e4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Impact on underlying annual profit (\u00a3m)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1a y36f5 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1b y36f5 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1c y36f5 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws23b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1d y36f5 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws23b\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y38cc w7e5 h1d9\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws488\">Movement in mediu<span class=\"_ _1\"></span>m and long term swap rate<span class=\"_ _1\"></span>s (bps)</div><div class=\"t m0 xc1e h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1f y38cc w7e6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws489\">424<span class=\"_ _458\"> </span></div></td><td class=\"c n xc20 y38cc w7e7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws489\">(424)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc21 y38cc w7e8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws48a\">424<span class=\"_ _458\"> </span></div></td><td class=\"c n xc22 y38cc w546 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws48a\">(424)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y397c ff43 fs151 fc18 sc0 ls20a ws20f\">Impact on cash flow hedge and non-he<span class=\"_ _1\"></span>dge accounted derivative </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3655 w7e9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">valuations (\u00a3m)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc23 y3655 w422 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws48b\">164<span class=\"_ _458\"> </span></div></td><td class=\"c n xc24 y3655 w7ea h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws48b\">(185)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc25 y3655 w7eb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws48c\">189<span class=\"_ _458\"> </span></div></td><td class=\"c n xc26 y3655 w7ec h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws48c\">(203)<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>The movement used for sensitivity analysis<span class=\"ls225 ws244\"> is a 1% change in interest rates. </span>2. This movement used for sensitivity analys<span class=\"ls268 ws27e\">is represents the large<span class=\"_ _6\"></span>st annual change in <span class=\"ls225 ws244\">the seven-year Sterling swap rate<span class=\"_ _d\"></span> over t<span class=\"ls22e\">he last<span class=\"_ _458\"> </span></span></span></span>10 years.<span class=\"_ _458\"> </span><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls29f ws2dd gs3d2\">Foreign currency risk management </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs3d3\">The Group\u2019s policy is to have no material unhedged net assets or liabilities de<span class=\"ls27c\">nominated in foreign currencies. The </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a3 ws2b1 gs3d4\">currency risk <span class=\"_ _6\"></span>on overseas investmen<span class=\"_ _6\"></span>ts may be hedged v<span class=\"_ _6\"></span>i<span class=\"ls299 ws2a3\">a foreign currency denominated <span class=\"ls275 ws28a\">borrowings and derivatives. </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28e ws29f gs3d5\">The Group has adopted net investment hedging in accordance with IFRS 9 and therefore the portion of the gain or loss </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls36b ws2b6 gs3d6\">on any hedging inst<span class=\"_ _6\"></span>rument that is deter<span class=\"_ _6\"></span>mined to be an effe<span class=\"_ _d\"></span><span class=\"ls289 ws29b\">ctive hedge is recognised directly in equity. The ineffective </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs3d7\">portion of the gain or loss on any hedging instrument<span class=\"ls27c\"> is recognised immediately <span class=\"ls26f ws284\">in the income sta<span class=\"_ _d\"></span>tement. </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs3d8\">The table below shows the carrying amounts of the<span class=\"_ _6\"></span> Group\u2019s foreign currency<span class=\"ls27c ws291\"> denominated assets and liabilities. </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs3d9\">Provided contingent tax on overseas in<span class=\"ls27c ws291\">vestments is not expected to <span class=\"_ _6\"></span>occur it will be ignored for hedging purposes. </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2b1 ws2ba gs3da\">Based on the 31 March 2025 position, a 28% appreciation (lar<span class=\"_ _1\"></span>gest annual change over the last 10 years) in the USD </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws25b gs3db\">relative to Sterling would result in a \u00a31m ch<span class=\"ls27d ws292\">ange (2023/24: \u00a32m) in<span class=\"ls37d ws48d\"> re<span class=\"_ _6\"></span>ported profits<span class=\"_ _6\"></span>. </span></span></div><div class=\"gs3dc\"><table class=\"s w2fb h212\" id=\"_ff92adfb-8691-45e8-883f-f18c6cea5a0a\"><tr><td></td><td class=\"c xc28 y397e w7ed h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls37e ws48e\">Assets</div><div class=\"t m0 xc27 h72 y397d ff43 fs63 fc18 sc0 ls1 ws1\">1</div></td><td></td><td class=\"t m0 x57e h19e y397f ff43 fs150 fc18 sc0 ls259 ws48f\">  <span class=\"_ _2f\"></span>Liabilities </td><td></td></tr><tr><td></td><td class=\"t m0 x53e h19e y3980 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 xc29 h19e y3980 ff43 fs150 fc18 sc0 ls1f5 ws1\">2024 </td><td class=\"t m0 x559 h19e y3980 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x541 h19e y3980 ff43 fs150 fc18 sc0 ls1f5 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x58a h19e y3981 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d9 h19e y3981 ff43 fs150 fc18 sc0 ls25b ws3bd\">\u00a3m  </td><td class=\"t m0 x321 h19e y3981 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x55a h19e y3981 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3655 w7ee h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">USD denominated<span class=\"_ _458\"> </span></div></td><td class=\"c n xc2a y3655 wd5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls319 ws1\">35<span class=\"_ _458\"> </span></div></td><td class=\"c n xc2b y3655 w27e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls201 ws490\">37<span class=\"_ _458\"> </span></div></td><td class=\"c n xc2c y3655 wcd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">33<span class=\"_ _458\"> </span></div></td><td class=\"c n x290 y3655 w16b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws1\">30<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls225 ws244 gs3dd\">1. <span class=\"_ _24\"> </span>The USD denominated asset of \u00a335m (2023/24: \u00a337m) is<span class=\"_ _d\"></span> an othe<span class=\"ls311 ws37f\">r investment accounted for as fa<span class=\"ls248 ws249\">ir value throu<span class=\"_ _6\"></span>gh profit of loss </span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls230 ws264 gs3de\">as disclosed in Note 12. The remaining \u00a36m (2<span class=\"_ _6\"></span>023/24: \u00a39m) other<span class=\"ls228 ws245\"> investment accounted for as fair value through profit or los<span class=\"_ _6\"></span>s </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls230 ws264 gs3df\">is a Sterling denominat<span class=\"ls310 ws335\">ed other investment. </span></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls28a ws29c gs3e0\">Credit risk management </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs3e1\">The Group\u2019s approach to credit risk mana<span class=\"_ _6\"></span><span class=\"ls24a ws258\">gement of counterparties is referred to in Financial policies and principles on </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs3e2\">pages 44 to 46 and the risks addressed within Managing risk <span class=\"_ _d\"></span><span class=\"ls275 ws28a\">in delivering our strategy on pages 47 to 58. The carrying </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws25b gs3e3\">amount of financial assets recorded in the financial statemen<span class=\"ls299 ws2a3\">ts represents the Group\u2019s maxi<span class=\"ls29b ws2de\">mum exposure to<span class=\"ls273 ws288\"> credit risk </span></span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs3e4\">without taking account of the value of any collateral obtained. </div><div class=\"t m0 h19d ff42 fs14f fc18 sc0 ls274 ws289 gs3e5\">Banks and financial institutions </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs3e6\">Cash and cash equivalents at 31 March 2025 amounted to \u00a357m (2023/24: \u00a388m). Cash and cash equivalents were </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28e ws29f gs3e7\">placed with financial institutions with BBB+ or better credit ratings. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs3e8\">At 31 March 2025, the fair value of all interest <span class=\"ls24a ws258\">rate derivative assets was \u00a382m (2023/24: \u00a399m). </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls360 ws2cb gs3e9\">At 31 March 2025, prior to taking into account any o<span class=\"_ _1\"></span>ffset ar<span class=\"ls249 ws28e\">rangements, the largest combined <span class=\"_ _6\"></span><span class=\"ls2a3 ws2b1\">credit exposure<span class=\"_ _6\"></span> to a single </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28e ws29f gs3ea\">counterparty arising from money market <span class=\"ls28b ws259\">deposits, liquid investments and derivatives was \u00a342<span class=\"_ _6\"></span>m (2023/24: \u00a334m). <span class=\"_ _6\"></span>This </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls37f ws2d3 gs3eb\">represents 0.<span class=\"_ _1\"></span>5% (2023/24: 0.4%) of gross assets. </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs3ec\">The deposit exposures are with UK banks and UK branc<span class=\"_ _6\"></span>hes of international banks. </div><div class=\"t m0 h19d ff42 fs14f fc18 sc0 ls276 ws2ca gs3ed\">Trade debtors </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs3ee\">Trade debtors are presented net of provisions for impairment<span class=\"_ _6\"></span><span class=\"ls276 ws28c\"> for expected credit losses. E<span class=\"_ _d\"></span>x<span class=\"_ _1\"></span>pected credit lo<span class=\"_ _6\"></span>sses are </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs3ef\">calculated on initial recognition of trade debtors and subseq<span class=\"ls249 ws28e\">uently in accordance with IFRS <span class=\"_ _6\"></span>9, taking into account </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs3f0\">historic and forward-looking information.  </div><div class=\"t m0 h19d ff42 fs14f fc18 sc0 ls289 ws29b gs3f1\">Tenant incentives </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls21c ws234 gs3f2\">Tenant incentives and the associated tenant incentive provisions<span class=\"_ _1\"></span> for impairment for expected credit losses are both </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs3f3\">recognised within investment property. Expected credit losses<span class=\"ls299 ws2a3\"> are calculated on initial recognition of tenant incentives </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28c ws29e gs3f4\">and subsequently i<span class=\"_ _6\"></span>n accordance with IF<span class=\"_ _6\"></span>RS 9, taking in<span class=\"_ _d\"></span><span class=\"ls360 ws2cb\">to acco<span class=\"_ _1\"></span>unt historic and forw<span class=\"ls299 ws2a3\">ard-looking information.  </span></span></div>Liquidity risk management<span class=\"_ _458\"> </span>The Group\u2019s approach to liquidity risk management is d<span class=\"_ _d\"></span>iscu<span class=\"ls270 ws285\">ssed in Financial policies and principles on pages 44 to 46,<span class=\"_ _458\"> </span></span>and the risks addressed within Managing risk in<span class=\"ls288 ws295\"> delivering our strategy on pages 47 to 58.<span class=\"_ _458\"> </span></span>The following table presents a maturity pr<span class=\"ls26f ws284\">ofile of the contracted undiscounted cash<span class=\"ls288 ws295\"> flows of financial liabilities based on<span class=\"_ _458\"> </span></span></span>the earliest date on which the Group can be required to pay.<span class=\"ls27c ws291\"> The table includes both interest and<span class=\"_ _6\"></span> principal flows. Where<span class=\"_ _458\"> </span></span>the interest payable is not fi<span class=\"_ _d\"></span>xed, the amount disclosed has b<span class=\"ls27e ws293\">een determined by refe<span class=\"_ _6\"></span>rence to the projected interest rates<span class=\"_ _458\"> </span></span>implied by yield curves at the reporting date. For derivative <span class=\"_ _6\"></span><span class=\"ls28d ws29a\">financial instruments that<span class=\"_ _6\"></span> settle on a net basis (e.g<span class=\"_ _6\"></span>. interest<span class=\"_ _458\"> </span></span>rate swaps) the undiscounted net cash flows are shown and <span class=\"ls24a ws258\">for derivatives that require gross settlement (e.g. cross-<span class=\"_ _458\"> </span></span>currency swaps) the undiscounted gross ca<span class=\"_ _d\"></span><span class=\"ls29b ws1fd\">sh flows are presented. Where payment <span class=\"_ _6\"></span><span class=\"ls24a ws258\">obligations are in foreign currencies,<span class=\"_ _458\"> </span></span></span>the spot exchange rate ruling at the balance sheet date is<span class=\"_ _6\"></span><span class=\"ls27d ws292\"> used. Trade creditors which ar<span class=\"ls289 ws29b\">e repayable within one year<span class=\"_ _458\"> </span></span></span>have been excluded from the analysis.<span class=\"_ _458\"> </span>The Group expects to meet its financial liabilities through the va<span class=\"ls299 ws2a3\">rious available liquidity sources, including a secure rental<span class=\"_ _458\"> </span></span>income profile, asset sales, undrawn committed borrowing fa<span class=\"ls272\">cilities and, in the longer term, debt refinancings.<span class=\"_ _458\"> </span></span>The future aggregate minimum rentals receivable under non-ca<span class=\"ls272 ws287\">ncellable operating leases are shown in the table on the<span class=\"_ _458\"> </span></span>following page. Income from joint ventures <span class=\"ls274 ws289\">is not included. Additional liquidity will</span> arise from letting space in properties<span class=\"_ _458\"> </span>under construction as well as from distr<span class=\"_ _1\"></span>ibutions received from joint ventures.<table class=\"s w7ef h213\" id=\"_cc39b25e-c7e2-4a2d-8b2b-a17f786c7045\"><tr><td></td><td></td><td></td><td class=\"t m0 xc2d h19e y3982 ff42 fs150 fc16 sc0 ls1 ws1\"> <span class=\"_ _334\"> </span><span class=\"ls1f4\">2025</span><span class=\"ls1f4\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x24b h19e y3983 ff42 fs150 fc16 sc0 ls258 ws1\">Within one </td><td class=\"t m0 xa30 h19e y3983 ff42 fs150 fc16 sc0 ls1fd ws1\">Following </td><td class=\"t m0 x605 h19e y3983 ff42 fs150 fc16 sc0 ls25c ws491\">Three to five </td><td class=\"t m0 xc2e h19e y3983 ff42 fs150 fc16 sc0 ls1f6 ws474\">Over five </td><td></td></tr><tr><td></td><td class=\"t m0 x562 h19e y3984 ff42 fs150 fc16 sc0 ls321 ws1\">year </td><td class=\"t m0 xc2f h19e y3984 ff42 fs150 fc16 sc0 ls321 ws1\">year </td><td class=\"t m0 xc29 h19e y3984 ff42 fs150 fc16 sc0 ls1fa ws1\">years </td><td class=\"t m0 xae5 h19e y3984 ff42 fs150 fc16 sc0 ls1fa ws1\">years </td><td class=\"t m0 x274 h19e y3984 ff42 fs150 fc16 sc0 ls1f4 ws1\">Total </td></tr><tr><td></td><td class=\"t m0 x589 h19e y3985 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x58a h19e y3985 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d9 h19e y3985 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1da h19e y3985 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3985 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td></tr><tr><td class=\"c x1dc y3938 w7f0 h1d6\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws481\">Gross debt</div><div class=\"t m0 xc30 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xc31 y3938 w7f1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws492\">337<span class=\"_ _458\"> </span></div></td><td class=\"c n xc32 y3938 w95 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws492\">105<span class=\"_ _458\"> </span></div></td><td class=\"c n xc33 y3938 w7f2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws492\">1,374<span class=\"_ _458\"> </span></div></td><td class=\"c n xc34 y3938 w6b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws492\">937<span class=\"_ _458\"> </span></div></td><td class=\"c n xc35 y3938 w7f3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws492\">2,753<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3915 w7f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">Interest on debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xc36 y3915 w7f5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws493\">129<span class=\"_ _458\"> </span></div></td><td class=\"c n xc37 y3915 w7f6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws493\">110<span class=\"_ _458\"> </span></div></td><td class=\"c n xc38 y3915 w7f7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws493\">272<span class=\"_ _458\"> </span></div></td><td class=\"c n xc39 y3915 w7f8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws493\">195<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3a y3915 w7f9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws493\">706<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y386f w7fa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws2f9\">Derivative payments<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3b y386f w7fb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws494\">93<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3c y386f w7fc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws494\">66<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3d y386f w175 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws494\">31<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3e y386f w7c2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws494\">14<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3f y386f w7fd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws494\">204<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y365d w7fe h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Lease liability payments<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c9 y365d w3ec h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws495\">9<span class=\"_ _458\"> </span></div></td><td class=\"c n xc40 y365d w7ff h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws495\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n xc41 y365d w3f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws495\">30<span class=\"_ _458\"> </span></div></td><td class=\"c n xc42 y365d w800 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws495\">319<span class=\"_ _458\"> </span></div></td><td class=\"c n xc43 y365d w1f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws495\">368<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3848 w801 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">Total payments<span class=\"_ _458\"> </span></div></td><td class=\"c n xc44 y3848 w802 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws496\">568<span class=\"_ _458\"> </span></div></td><td class=\"c n xc45 y3848 w800 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws496\">291<span class=\"_ _458\"> </span></div></td><td class=\"c n xc46 y3848 w803 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws496\">1,70<span class=\"_ _1\"></span>7<span class=\"_ _458\"> </span></div></td><td class=\"c n xc47 y3848 w804 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws496\">1,465<span class=\"_ _458\"> </span></div></td><td class=\"c n xc48 y3848 w805 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws496\">4,031<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y365e w806 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Derivative receipts<span class=\"_ _458\"> </span></div></td><td class=\"c n xc49 y365e w807 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws497\">(117<span class=\"_ _1\"></span>)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4a y365e w808 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws497\">(81)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4b y365e w5a1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws497\">(18)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4c y365e w809 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws497\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4d y365e w80a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws497\">(220)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y374f w80b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">Net payment<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4e y374f w80c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws498\">451<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4f y374f w80d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws498\">210<span class=\"_ _458\"> </span></div></td><td class=\"c n xc50 y374f w80e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws498\">1,689<span class=\"_ _458\"> </span></div></td><td class=\"c n xb5e y374f w5b6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws498\">1,461<span class=\"_ _458\"> </span></div></td><td class=\"c n xc51 y374f w80f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws498\">3,811<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w810 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Operating leases with tenants<span class=\"_ _458\"> </span></div></td><td class=\"c n xc52 y3653 w5ba h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws499\">307<span class=\"_ _458\"> </span></div></td><td class=\"c n xc53 y3653 w811 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws499\">271<span class=\"_ _458\"> </span></div></td><td class=\"c n xc54 y3653 w812 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws499\">583<span class=\"_ _458\"> </span></div></td><td class=\"c n xc55 y3653 w813 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws499\">584<span class=\"_ _458\"> </span></div></td><td class=\"c n xc56 y3653 w814 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws499\">1,745<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b7 w815 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Liquidity (deficit) surplus<span class=\"_ _458\"> </span></div></td><td class=\"c n xc57 y36b7 w816 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws49a\">(144)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc58 y36b7 w817 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws49a\">61<span class=\"_ _458\"> </span></div></td><td class=\"c n xc59 y36b7 w818 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws49a\">(1,106)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5a y36b7 w819 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws49a\">(877)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5b y36b7 w81a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws49a\">(2,066)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w81b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws255\">Cumulative liquidity deficit<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5c y3655 w81c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws49b\">(144)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5d y3655 w7a9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws49b\">(83)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5e y3655 w81d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws49b\">(1,189)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5f y3655 w81e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws49b\">(2,066)</div></td><td></td></tr></table><table class=\"s w81f h214\" id=\"_70ab8d4d-72c3-4744-a06f-b14bafa08184\"><tr><td></td><td></td><td></td><td class=\"t m0 xc2d h19e y3986 ff42 fs150 fc16 sc0 ls1 ws1\"> <span class=\"_ _334\"> </span><span class=\"ff43 fc18 ls234\">2024</span><span class=\"ff43 fc18 ls234\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x1cf h19e y3987 ff43 fs150 fc18 sc0 ls337 ws49c\">Within one </td><td class=\"t m0 x6eb h19e y3983 ff43 fs150 fc18 sc0 ls331 ws1\">Following<span class=\"_ _6\"></span> </td><td class=\"t m0 x44c h19e y3988 ff43 fs150 fc18 sc0 ls25e ws315\">Three to five </td><td class=\"t m0 xc2e h19e y3989 ff43 fs150 fc18 sc0 ls25f ws383\">Over five </td><td></td></tr><tr><td></td><td class=\"t m0 x562 h19e y398a ff43 fs150 fc18 sc0 ls337 ws1\">year </td><td class=\"t m0 x1d8 h19e y3984 ff43 fs150 fc18 sc0 ls337 ws1\">year </td><td class=\"t m0 xc29 h19e y398b ff43 fs150 fc18 sc0 ls25e ws1\">years </td><td class=\"t m0 xae5 h19e y398c ff43 fs150 fc18 sc0 ls25e ws1\">years </td><td class=\"t m0 x1d4 h19e y398c ff43 fs150 fc18 sc0 ls1ff ws1\">Total </td></tr><tr><td></td><td class=\"t m0 x589 h19e y3985 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x58a h19e y398d ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1d9 h19e y398e ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1da h19e y398f ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y398f ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c x1dc y3938 w7f0 h1d6\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws481\">Gross debt</div><div class=\"t m0 xc30 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xc60 y3938 w820 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws49d\">12<span class=\"_ _458\"> </span></div></td><td class=\"c n xc61 y3938 w821 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws49d\">318<span class=\"_ _458\"> </span></div></td><td class=\"c n xc62 y3938 w822 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws49d\">999<span class=\"_ _458\"> </span></div></td><td class=\"c n xc63 y3938 w823 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws49d\">911<span class=\"_ _458\"> </span></div></td><td class=\"c n xc64 y3938 w824 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws49d\">2,240<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3915 w825 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">Interest on debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xc65 y3915 w826 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">112<span class=\"_ _458\"> </span></div></td><td class=\"c n xc66 y3915 w26c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">101<span class=\"_ _458\"> </span></div></td><td class=\"c n xc67 y3915 w23b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">223<span class=\"_ _458\"> </span></div></td><td class=\"c n xc68 y3915 w826 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">211<span class=\"_ _458\"> </span></div></td><td class=\"c n xc69 y3915 w827 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">647<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y386f w828 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">Derivative <span class=\"_ _2bd\"></span>payments<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6a y386f w4fa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">15<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6b y386f w829 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">93<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6c y386f w11c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">88<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6d y386f w60e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">17<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c8 y386f w82a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">213<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y365d w82b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Lease liability payments<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6e y365d wb7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6f y365d w82c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n xc70 y365d w82d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">30<span class=\"_ _458\"> </span></div></td><td class=\"c n xc71 y365d w82e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">342<span class=\"_ _458\"> </span></div></td><td class=\"c n xc72 y365d w82f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">392<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3848 w830 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">Total payments<span class=\"_ _458\"> </span></div></td><td class=\"c n xc73 y3848 w831 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">149<span class=\"_ _458\"> </span></div></td><td class=\"c n xc74 y3848 w832 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">522<span class=\"_ _458\"> </span></div></td><td class=\"c n xc75 y3848 w833 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">1,340<span class=\"_ _458\"> </span></div></td><td class=\"c n xc76 y3848 w834 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">1,481<span class=\"_ _458\"> </span></div></td><td class=\"c n xc77 y3848 w835 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">3,492<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y365e w836 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">Derivative receipts<span class=\"_ _458\"> </span></div></td><td class=\"c n xc78 y365e w837 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">(56)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc79 y365e w5ff h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">(103)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7a y365e w63 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">(85)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7b y365e w838 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7c y365e w839 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">(245)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y374f w80b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">Net payment<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7d y374f w641 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws49f\">93<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7e y374f w83a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws49f\">419<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7f y374f w83b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws49f\">1,255<span class=\"_ _458\"> </span></div></td><td class=\"c n xc80 y374f w83c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws49f\">1,480<span class=\"_ _458\"> </span></div></td><td class=\"c n xc81 y374f w83d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws49f\">3,247<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w83e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Operating leases with tenan<span class=\"ls243 ws4a0\">ts<span class=\"_ _458\"> </span></span></div></td><td class=\"c n xc82 y3653 w3f0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws4a0\">260<span class=\"_ _458\"> </span></div></td><td class=\"c n xc83 y3653 w83f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws4a0\">234<span class=\"_ _458\"> </span></div></td><td class=\"c n xc84 y3653 w840 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws4a0\">503<span class=\"_ _458\"> </span></div></td><td class=\"c n x27e y3653 w1c9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws4a0\">556<span class=\"_ _458\"> </span></div></td><td class=\"c n xc85 y3653 w841 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws4a0\">1,553<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b7 w842 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Liquidity surplus (deficit)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc86 y36b7 w843 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">167<span class=\"_ _458\"> </span></div></td><td class=\"c n xc87 y36b7 w844 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(185)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc88 y36b7 w845 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(752)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc89 y36b7 w846 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(924)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8a y36b7 w847 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(1,694)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w848 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20b ws219\">Cumulative liquidity surplus (deficit)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8b y3655 w38f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4a1\">167<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8c y3655 w849 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4a1\">(18)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8d y3655 w84a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4a1\">(770)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8e y3655 w84b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4a1\">(1,694)<span class=\"_ _458\"> </span></div></td><td></td></tr></table>1. <span class=\"_ _24\"> </span>Gross debt of \u00a32,728m (2023/24: \u00a32,212m) represents the<span class=\"_ _d\"></span> total of \u00a32,753m (2023/24: \u00a32,240m)<span class=\"ls311 ws37f\">, less unamortis<span class=\"_ _d\"></span>ed issue costs of<span class=\"ls9c ws1\"> \u00a317m<span class=\"_ _458\"> </span></span></span>(2023/24: \u00a310m), less fair value adjustm<span class=\"ls248 ws249\">ents to debt of<span class=\"_ _6\"></span> \u00a38m (2023/24: \u00a318m).<span class=\"_ _458\"> </span></span>Any short term liquidity gap between the net payments requ<span class=\"ls24d ws25b\">ired and the rentals receivable can be met through other<span class=\"_ _458\"> </span></span>liquidity sources available to the Group, such as committed undrawn borrowing facilities of<span class=\"ls2b5 ws2bd\"> \u00a31,<span class=\"_ _6\"></span>775m (2023/24: \u00a3<span class=\"_ _6\"></span>1,845m)<span class=\"_ _458\"> </span></span>and cash and cash equivalents of \u00a357m (2023/24: \u00a388m), of <span class=\"ls2a1 ws252\">which \u00a321m (2023/24: \u00a358m) is not subject to a security<span class=\"_ _458\"> </span></span>interest. As a result, the Group has no requirement to refinance until late 20<span class=\"_ _1\"></span>28. Further liquidity can be achieved through<span class=\"_ _458\"> </span>sales of property assets o<span class=\"_ _6\"></span>r investments and finan<span class=\"_ _6\"></span>cing activity.<span class=\"_ _458\"> </span>The Group\u2019s property portfolio is valued externally at \u00a36<span class=\"ls249 ws28e\">,065m <span class=\"_ _6\"></span>(2023/24: \u00a35,130m) and the share<span class=\"_ _6\"></span> of joint ventures\u2019<span class=\"_ _458\"> </span></span>property is valued at \u00a33,421m (2023/24: \u00a33,568m). <span class=\"_ _6\"></span>The co<span class=\"ls272 ws287\">mmitted undrawn borrowing facilities available to the Group<span class=\"_ _458\"> </span></span>are a further source of liquidity. The maturity profile of committed undrawn borrowing facilities is shown below<span class=\"_ _6\"></span>.<span class=\"_ _458\"> </span>Maturity of committed und<span class=\"ls381 ws4a2\">rawn borrowing facilities</span><table class=\"s w84c h215\" id=\"_2f501ddf-efff-4874-b164-73a411d8a6c1\"><tr><td></td><td class=\"t m0 x273 h19e y3990 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3990 ff43 fs150 fc18 sc0 ls1f5 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3991 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3991 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3992 w84d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">Maturity date: <span class=\"_ _3\"></span>over five years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8f y3992 w4cf h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">140<span class=\"_ _458\"> </span></div></td><td class=\"c n xc90 y3992 w84e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">145<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n xc91 y3993 w84f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">between four and five years<span class=\"_ _458\"> </span></div></td><td class=\"c n x2c5 y3993 w850 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws1\">1,055<span class=\"_ _458\"> </span></div></td><td class=\"c n x2a7 y3993 w463 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">310<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n xc91 y3994 w851 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">between three and four years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc92 y3994 wa4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n xc93 y3994 w11a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws1\">149<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3995 w852 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Total facilities available for more than three years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc94 y3995 w853 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws1\">1,201<span class=\"_ _458\"> </span></div></td><td class=\"c n xc95 y3995 w45a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls222 ws1\">604<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3996 w854 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws2f9\">Between two and three years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc96 y3996 wd2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls200 ws1\">24<span class=\"_ _458\"> </span></div></td><td class=\"c n xc97 y3996 w855 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws1\">450<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3997 w856 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws2f9\">Between one and two years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc98 y3997 w857 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">450<span class=\"_ _458\"> </span></div></td><td class=\"c n xc99 y3997 w1c9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls219 ws1\">625<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3998 w858 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Within one year<span class=\"_ _458\"> </span></div></td><td class=\"c n xc9a y3998 w2ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">100<span class=\"_ _458\"> </span></div></td><td class=\"c n xc9b y3998 w859 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws1\">166<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3999 w26d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n xc9c y3999 w85a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">1,775<span class=\"_ _458\"> </span></div></td><td class=\"c n xc9d y3999 w85b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws1\">1,845</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-534": {
   "value": "16 Net <span class=\"_ _27\"></span>debt <table class=\"s w6a4 h203\" id=\"_8b8aa609-8676-42d1-ae46-22b14328d599\"><tr><td></td><td></td><td class=\"t m0 x457 h19e y38f7 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y38f7 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x566 h19e y38f8 ff43 fs150 fc18 sc0 ls2e9 ws446\"> Footnote </td><td class=\"t m0 xa7e h19e y38f8 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y38f8 ff43 fs150 fc18 sc0 ls1fc ws201\">\u00a3m  </td></tr><tr><td class=\"t m0 x20e h19f y38f9 ff42 fs151 fc18 sc0 ls205 ws20b\">Secured on the assets of the Group <span class=\"_ _271\"> </span><span class=\"ff43 ls1 ws1\"> <span class=\"_ _63\"> </span><span class=\"ff42 fc16\"> <span class=\"_ _63\"> </span></span> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y38fa w6a5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">5.264% First Mortgage Deben<span class=\"_ _1\"></span>ture Bonds 2035<span class=\"_ _458\"> </span></div></td><td class=\"c n xa7f y38fa w6a6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xa80 y38fa w6a7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">250<span class=\"_ _458\"> </span></div></td><td class=\"c n xa81 y38fa w73 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws1\">321<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38fb w6a8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">5.0055% First Mortga<span class=\"_ _1\"></span>ge Amortising Debentures 2035<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xa82 y38fb w46b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls319 ws1\">83<span class=\"_ _458\"> </span></div></td><td class=\"c n xa83 y38fb wcd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls247 ws1\">85<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38fc w6a9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">5.357% First Mortgage De<span class=\"_ _1\"></span>benture Bonds 2028<span class=\"_ _458\"> </span></div></td><td class=\"c n xa84 y38fc w6a6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xa85 y38fc w6aa h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">164<span class=\"_ _458\"> </span></div></td><td class=\"c n xa86 y38fc w6ab h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws1\">217<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xa87 y38fd w6ac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls322 ws1\">497<span class=\"_ _458\"> </span></div></td><td class=\"c n xa88 y38fd w27c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws1\">623<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y38fe ff42 fs151 fc18 sc0 ls215 ws1\">Unsecured <span class=\"_ _20a\"> </span><span class=\"ff43 ls1\"> <span class=\"_ _63\"> </span><span class=\"ff42 fc16\"> <span class=\"_ _63\"> </span></span> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y38ff w6ad h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">2.375% Sterling Unsecured Bond 2029<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xa89 y38ff w6ae h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">299<span class=\"_ _458\"> </span></div></td><td class=\"c n xa8a y38ff w6af h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws1\">299<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3900 w6b0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws447\">5.25% Sterling Unsecured Bond 2032<span class=\"_ _458\"> </span></div></td><td class=\"c n xa8b y3900 w6b1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws447\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xa8c y3900 w6b2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls219 ws1\">297<span class=\"_ _458\"> </span></div></td><td class=\"c n xa8d y3900 wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3901 w6b3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">2.67% Senior Notes 2025<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xa8e y3901 w6b4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">37<span class=\"_ _458\"> </span></div></td><td class=\"c n xa8f y3901 w27e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls201 ws1\">37<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3902 w6b5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">2.75% Senior Notes 2026<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xa90 y3902 w6b4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">37<span class=\"_ _458\"> </span></div></td><td class=\"c n xa91 y3902 w27e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls201 ws1\">37<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3903 w6b6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">3.81% Senior Notes 2026<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xa92 y3903 w6b7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">99<span class=\"_ _458\"> </span></div></td><td class=\"c n xa93 y3903 w38c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws1\">98<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3765 w6b8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">3.97% Senior Notes 2026<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xa94 y3765 wc0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">99<span class=\"_ _458\"> </span></div></td><td class=\"c n xa95 y3765 w6b9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws1\">97<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3904 w6ba h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">4.16% Senior US Dollar Notes 2025<span class=\"_ _458\"> </span></div></td><td class=\"c n xa96 y3904 w1ac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n x56b y3904 w6bb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23f ws1\">76<span class=\"_ _458\"> </span></div></td><td class=\"c n xa83 y3904 w301 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws1\">76<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3905 w6bc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">5.003% Senior US Dollar Notes 2026<span class=\"_ _458\"> </span></div></td><td class=\"c n xa97 y3905 w1ac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xa98 y3905 w6c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">63<span class=\"_ _458\"> </span></div></td><td class=\"c n xa99 y3905 w11c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">63<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3906 w6bd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Floating Rate Senior Notes 2028<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xa9a y3906 w275 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws1\">80<span class=\"_ _458\"> </span></div></td><td class=\"c n xa9b y3906 w6be h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">80<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3907 w6bf h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Floating Rate Senior Notes 2034<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xa9c y3907 w6c0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">101<span class=\"_ _458\"> </span></div></td><td class=\"c n xa9d y3907 w6c1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws1\">101<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3908 w271 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Facilities and overdrafts<span class=\"_ _458\"> </span></div></td><td class=\"c n xa9e y3908 w2d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls201 ws1\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n xa89 y3908 w6c2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">568<span class=\"_ _458\"> </span></div></td><td class=\"c n xa9f y3908 w6c3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls322 ws1\">351<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3909 w6c4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">Term loans<span class=\"_ _458\"> </span></div></td><td class=\"c n xaa0 y3909 w2d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls201 ws1\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n xaa1 y3909 w6c5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls215 ws1\">475<span class=\"_ _458\"> </span></div></td><td class=\"c n xaa2 y3909 w6c6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls36e ws1\">350<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xaa3 y3682 w6c7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws1\">2,231<span class=\"_ _458\"> </span></div></td><td class=\"c n xaa4 y3682 w6c8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">1,589<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y390a w6c9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">Gross debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xaa5 y390a w319 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls250 ws1\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n xaa6 y390a w6ca h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws1\">2,728<span class=\"_ _458\"> </span></div></td><td class=\"c n xaa7 y390a w6cb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls219 ws1\">2,212<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y390b w6cc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Interest rate and currency derivative liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n xaa8 y390b w1af h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n xaa9 y390b wd6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws1\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n x31b y390b w3da h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">56<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y390c wc5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Interest rate and currency derivative assets<span class=\"_ _458\"> </span></div></td><td class=\"c n xaaa y390c w618 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n xaab y390c w6cd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws1\">(82)<span class=\"_ _458\"> </span></div></td><td class=\"c n xaac y390c w294 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">(99)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y390d w6ce h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">Cash and cash equivalents<span class=\"_ _458\"> </span></div></td><td class=\"c n xaad y390d w6cf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws1\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n xaae y390d w124 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls221 ws1\">(57)<span class=\"_ _458\"> </span></div></td><td class=\"c n xaaf y390d w563 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws1\">(88)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y390e w6d0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20c ws215\">Total net debt<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xab0 y390e w6d1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">2,647<span class=\"_ _458\"> </span></div></td><td class=\"c n xab1 y390e w6d2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws1\">2,081<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y390f w6d3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Net debt attributable to non-controlling interests<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xab2 y390f w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x276 y390f w81 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3910 w6d4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls217 ws22a\">Net debt attributable to sh<span class=\"ls20d\">areholders of the<span class=\"_ _1\"></span> Company<span class=\"_ _458\"> </span></span></div></td><td></td><td class=\"c n xab3 y3910 w6d1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">2,647<span class=\"_ _458\"> </span></div></td><td class=\"c n xab4 y3910 w3ce h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws1\">2,082<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b5 w6d5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Total net debt<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xab0 y36b5 w6d1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">2,647<span class=\"_ _458\"> </span></div></td><td class=\"c n xab1 y36b5 w6d2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws1\">2,081<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y383b w6d6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Amounts payable under leases (Notes 14 and 15)<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n x435 y383b w6d7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">114<span class=\"_ _458\"> </span></div></td><td class=\"c n xab5 y383b w6d8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws1\">127<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3849 w6d9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws22a\">Total net debt (including lease liabilit<span class=\"_ _1\"></span>ies)<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xab6 y3849 w6da h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">2,761<span class=\"_ _458\"> </span></div></td><td class=\"c n xab7 y3849 w6db h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws1\">2,208<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w6dc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Net debt attributable to non-controlling interests (including lease liabil<span class=\"_ _1\"></span>ities)<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xab8 y375a w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xab9 y375a w81 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w6dd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls217 ws22a\">Net debt attributable to sh<span class=\"ls21a ws1\">areholders of the Co<span class=\"_ _1\"></span>mpany (including lease liabilities)<span class=\"_ _458\"> </span></span></div></td><td></td><td class=\"c n xaba y3655 w6de h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">2,761<span class=\"_ _458\"> </span></div></td><td class=\"c n xabb y3655 w546 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws1\">2,209<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>On 13 March 2025 the Group issued \u00a3300m 5.25% bonds<span class=\"_ _6\"></span> due in 2032. The bonds were<span class=\"_ _6\"></span><span class=\"ls228 ws449\"> issued at a discount of \u00a31m, and afte<span class=\"_ _6\"></span>r issue<span class=\"ls33f ws44a\"> costs </span></span>have an effective interest rate of 5.5%.<span class=\"_ _6\"></span> The proceeds were us<span class=\"_ _6\"></span><span class=\"ls22f ws44c\">ed to redeem \u00a378m 5.264% b<span class=\"_ _6\"></span>onds due in 2035 and \u00a372m 5.357% bonds </span>due in 2028, by way of a cash tender. \u00a3130m o<span class=\"_ _6\"></span>f<span class=\"ls226 ws1a2\"> the \u00a3150m total aggr<span class=\"ls22e ws44e\">egate nomi<span class=\"_ _6\"></span>nal amount was settled on the bearer settlement da<span class=\"ls9c ws1\">te<span class=\"_ _d\"></span> </span></span></span>of 27 March 2025. The <span class=\"_ _6\"></span>remaining \u00a320m was settled<span class=\"_ _6\"></span> on the register<span class=\"ls30d ws450\">ed settle<span class=\"_ _6\"></span>ment date of 8 A<span class=\"_ _6\"></span>pril 2025. The 5.264% 2035 b<span class=\"_ _6\"></span>onds were </span>redeemed at a discount and the 5.357%<span class=\"_ _6\"></span> 20<span class=\"ws249\">28 bonds were redee<span class=\"_ _6\"></span>med at a premium. </span>2. Principal and interest on these<span class=\"_ _d\"></span> borrowings were fully hedged <span class=\"ls19f ws260\">into Sterling a<span class=\"_ _6\"></span>t a floating rate at the time of<span class=\"_ _d\"></span> issue. </span>3. Facilities and ov<span class=\"_ _d\"></span>erdrafts have been repr<span class=\"ls30d ws333\">esented for the year ended 31 March 202<span class=\"_ _6\"></span>4 to<span class=\"ls248 ws249\"> exclude term loans. Te<span class=\"_ _6\"></span>rm loans of \u00a3350m <span class=\"ls33f ws1\">are </span></span></span>now disclosed separately. As a result<span class=\"ls22e ws24a\">, facilities a<span class=\"_ _6\"></span>nd overdrafts are disclosed as \u00a3351m, previously \u00a3701m.<span class=\"_ _6\"></span> </span>4. <span class=\"_ _d\"></span>The principal amount of g<span class=\"_ _6\"></span>ross debt at 31<span class=\"ls248 ws249\"> March 2025 <span class=\"_ _6\"></span>was \u00a32,740m (2023/24: \u00a32,225m)<span class=\"ls230 ws264\">. Included in <span class=\"_ _6\"></span>this is the principal amount<span class=\"ls1 ws1\"> </span></span></span>of secured borrowings and other borro<span class=\"_ _6\"></span>wings of no<span class=\"ls22c ws263\">n-recourse companies of \u00a3501m (2023/24:<span class=\"_ _6\"></span> \u00a3633m). </span>5. Interest <span class=\"_ _6\"></span>rate and currency derivative liabilities i<span class=\"_ _6\"></span>ncludes non-c<span class=\"ws8b\">urrent interest rate and curr</span>ency derivative liabilities of <span class=\"ls30d ws333\">\u00a356m (2023/24: </span>\u00a356m) and current interest ra<span class=\"_ _d\"></span><span class=\"ls22e ws24a\">te and currency derivative liabilities of \u00a32m (2023/24: \u00a3nil). </span>6. <span class=\"_ _d\"></span>Interest rate and currency derivative a<span class=\"ls226 ws151\">ssets includes non-current inte<span class=\"_ _6\"></span><span class=\"ls248 ws249\">rest rate and currency deri<span class=\"_ _6\"></span><span class=\"ls230 ws264\">vative assets of \u00a373m (2023<span class=\"ls36f ws1\">/24: </span></span></span></span>\u00a379m) and current in<span class=\"_ _6\"></span>terest rate and c<span class=\"_ _6\"></span>urrency derivative as<span class=\"_ _6\"></span>sets of \u00a39m (2023/2<span class=\"_ _6\"></span>4: \u00a320m). 7. Cash and cash equivalents includes tenant<span class=\"ls22c ws263\"> deposits of \u00a336m (20<span class=\"_ _6\"></span>23/24: \u00a330m) and cash <span class=\"ls226 ws151\">and short term deposi<span class=\"_ _6\"></span>ts not subject to </span></span>a security interest amount to \u00a321m (2023/24: <span class=\"_ _d\"></span>\u00a358m).<span class=\"_ _458\"> </span>Maturity analysis of net debt <table class=\"s w6df h204\" id=\"_8b2ee51b-efae-436e-bc43-6fc4fb3c4d10\"><tr><td></td><td></td><td class=\"t m0 x273 h19e y3911 ff42 fs150 fc1b sc0 ls1f4 ws1\">2025<span class=\"_ _458\"> </span></td><td class=\"t m0 x274 h19e y3912 ff43 fs150 fc1d sc0 ls1f5 ws1\">2024 </td></tr><tr><td></td><td></td><td class=\"t m0 x1da h19e y3913 ff42 fs150 fc1b sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3913 ff43 fs150 fc1d sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3914 w6e0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls20e ws219\">Repayable:<span class=\"_ _458\"> </span></div></td><td class=\"c n xabc y3914 w6e1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls20e ws219\">within one year and on demand<span class=\"_ _458\"> </span></div></td><td class=\"c n xabd y3914 w1a2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20a ws1\">311<span class=\"_ _458\"> </span></div></td><td class=\"c n x27d y3914 w6e2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls21f ws1\">10<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3915 w6e3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls223 ws250\">Between:<span class=\"_ _458\"> </span></div></td><td class=\"c n xabe y3915 w6e4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls223 ws250\">one and two y<span class=\"_ _1\"></span>ears<span class=\"_ _458\"> </span></div></td><td class=\"c n xabf y3915 w6e5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls209 ws1\">98<span class=\"_ _458\"> </span></div></td><td class=\"c n xac0 y3915 w6e6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls322 ws1\">314<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xac1 y386f w6e7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls21a ws1\">two and five years<span class=\"_ _458\"> </span></div></td><td class=\"c n xac2 y386f w6e8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls217 ws1\">1,386<span class=\"_ _458\"> </span></div></td><td class=\"c n xac3 y386f w6e9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls209 ws1\">991<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xac1 y3916 w6ea h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls209 ws240\">five and ten years<span class=\"_ _458\"> </span></div></td><td class=\"c n xac4 y3916 w6eb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls209 ws1\">531<span class=\"_ _458\"> </span></div></td><td class=\"c n xac5 y3916 w13a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls217 ws1\">306<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xac1 y3758 w6ec h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls21b ws22d\">ten and fifteen years<span class=\"_ _458\"> </span></div></td><td class=\"c n xac6 y3758 w6ed h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls21f ws1\">402<span class=\"_ _458\"> </span></div></td><td class=\"c n xac7 y3758 w521 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls218 ws1\">591<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m0 x457 h19f y3917 ff42 fs151 fc1b sc0 ls244 ws1\">2,417 </td><td class=\"t m0 x331 h19f y3918 ff43 fs151 fc1d sc0 ls1 ws1\">2,202<span class=\"_ _458\"> </span></td></tr><tr><td class=\"c n x1dc y3919 w6ee h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1d sc0 ls245 ws2e3\">Gross debt<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xac8 y3919 w6ca h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls220 ws1\">2,728<span class=\"_ _458\"> </span></div></td><td class=\"c n xac9 y3919 w6cb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls219 ws1\">2,212<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3759 w6ef h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls21f ws237\">Interest rate and currency derivatives<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xaca y3759 w6f0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls223 ws1\">(24)<span class=\"_ _458\"> </span></div></td><td class=\"c n xacb y3759 w324 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls23b ws1\">(43)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f6 wd3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls20c ws215\">Cash and cash equivalents<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xacc y36f6 w124 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls221 ws1\">(57)<span class=\"_ _458\"> </span></div></td><td class=\"c n xacd y36f6 w563 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls200 ws1\">(88)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w6f1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1d sc0 ls209 ws240\">Net debt<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xace y3655 w6d1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls21a ws1\">2,647</div></td><td class=\"t m0 xacf h19f y391a ff42 fs151 fc1b sc0 ls21a ws1\"> <span class=\"_ _48\"> </span><span class=\"ff43 fc1d ls244\">2,081 </span></td></tr></table>Fair value and book value of net debt <table class=\"s w6f2 h205\" id=\"_fa4dd176-116a-427f-9ee8-8d0c2d6fc139\"><tr><td></td><td></td><td class=\"c n xad0 y391b w28 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc1b sc0 ls1f4 ws1\">2025<span class=\"_ _458\"> </span></div></td><td></td><td></td><td class=\"c n xad1 y391b w29 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc1d sc0 ls1f5 ws235\">2024<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 xad2 h19e y391c ff42 fs150 fc1b sc0 ls321 ws365\">Fair value<span class=\"_ _458\"> </span></td><td class=\"t m0 xa04 h19e y391d ff42 fs150 fc1b sc0 ls338 ws384\">Book value </td><td class=\"t m0 x5af h19e y391d ff42 fs150 fc1b sc0 ls2f7 ws1\">Difference<span class=\"_ _6\"></span> </td><td class=\"t m0 xad3 h19e y391d ff43 fs150 fc1d sc0 ls25d ws455\">Fair value </td><td class=\"t m0 xad4 h19e y391d ff43 fs150 fc1d sc0 ls373 ws456\">Book value </td><td class=\"t m0 x6e8 h19e y391d ff43 fs150 fc1d sc0 ls258 ws1\">Difference </td></tr><tr><td></td><td class=\"t m0 x1d6 h19e y391e ff42 fs150 fc1b sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d7 h19e y391e ff42 fs150 fc1b sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d8 h19e y391e ff42 fs150 fc1b sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x3f7 h19e y391e ff43 fs150 fc1d sc0 ls264 ws267\"> \u00a3m  </td><td class=\"t m0 xad5 h19e y391e ff43 fs150 fc1d sc0 ls264 ws267\"> \u00a3m  </td><td class=\"t m0 x1db h19e y391e ff43 fs150 fc1d sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y391f w6f3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls20d ws216\">Debentures and unsecured bonds<span class=\"_ _458\"> </span></div></td><td class=\"c n xad6 y391f w6f4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls21a ws457\">1,643<span class=\"_ _458\"> </span></div></td><td class=\"c n xad7 y391f w6f5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls21a ws457\">1,685<span class=\"_ _458\"> </span></div></td><td class=\"c n xad8 y391f w312 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls21a ws457\">(42)<span class=\"_ _458\"> </span></div></td><td class=\"c n xad9 y391f w6f6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls235 ws458\">1,459<span class=\"_ _458\"> </span></div></td><td class=\"c n xada y391f w6f7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls235 ws458\">1,511<span class=\"_ _458\"> </span></div></td><td class=\"c n xadb y391f w6f8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls235 ws458\">(52)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3756 w6f9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls20e ws219\">Bank debt and other floating rate debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xadc y3756 w6fa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20e ws459\">1,054<span class=\"_ _458\"> </span></div></td><td class=\"c n xadd y3756 w6fb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20e ws459\">1,043<span class=\"_ _458\"> </span></div></td><td class=\"c n xade y3756 w6fc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20e ws459\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n xadf y3756 w457 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls23a ws45a\">707<span class=\"_ _458\"> </span></div></td><td class=\"c n xae0 y3756 w6fd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls23a ws45a\">701<span class=\"_ _458\"> </span></div></td><td class=\"c n xae1 y3756 w6fe h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls23a ws45a\">6<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3920 w6ee h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1d sc0 ls245 ws2e3\">Gross debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xae2 y3920 w6ff h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20c ws45b\">2,697<span class=\"_ _458\"> </span></div></td><td class=\"c n xae3 y3921 w700 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20c ws45b\">2,728<span class=\"_ _458\"> </span></div></td><td class=\"c n xae4 y3921 w162 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20c ws45b\">(31)<span class=\"_ _458\"> </span></div></td><td class=\"t m0 x544 h19f y3922 ff43 fs151 fc1d sc0 ls23b ws45c\">2,166<span class=\"_ _458\"> </span></td><td class=\"t m0 xae5 h19f y3923 ff43 fs151 fc1d sc0 ls23b ws45c\">2,212<span class=\"_ _458\"> </span></td><td class=\"t m0 xae6 h19f y3922 ff43 fs151 fc1d sc0 ls23b ws45c\">(46)<span class=\"_ _458\"> </span></td></tr><tr><td class=\"c n x1dc y3924 wea h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls206 ws22f\">Interest rate and currency derivative liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n xae7 y3924 w701 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls21a ws45d\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n xae8 y3924 w702 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls21a ws45d\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n xae9 y3924 w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls21a ws45d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xaea y3924 w22d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls308 ws45e\">56<span class=\"_ _458\"> </span></div></td><td class=\"c n xaeb y3924 w703 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls308 ws45e\">56<span class=\"_ _458\"> </span></div></td><td class=\"c n x754 y3924 w22e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls308 ws45e\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3925 wc5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls205 ws20b\">Interest rate and currency derivative assets<span class=\"_ _458\"> </span></div></td><td class=\"c n xaec y3925 w49 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20a ws45f\">(82)<span class=\"_ _458\"> </span></div></td><td class=\"c n xaed y3925 w49 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20a ws45f\">(82)<span class=\"_ _458\"> </span></div></td><td class=\"c n xaee y3925 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20a ws45f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x5ed y3925 w704 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls20e ws460\">(99)<span class=\"_ _458\"> </span></div></td><td class=\"c n xaef y3925 w704 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls20e ws460\">(99)<span class=\"_ _458\"> </span></div></td><td class=\"c n xaf0 y3925 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls20e ws460\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3926 w705 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls20c ws215\">Cash an<span class=\"_ _458\"> </span></div><div class=\"t m0 xaf1 h19f y362a ff43 fs151 fc1d sc0 ls20c ws215\">d cash equivalents<span class=\"_ _458\"> </span></div></td><td class=\"c n xaf2 y3926 w124 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls203 ws461\">(57)<span class=\"_ _458\"> </span></div></td><td class=\"c n xaf3 y3926 w124 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls203 ws461\">(57)<span class=\"_ _458\"> </span></div></td><td class=\"c n xaf4 y3926 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls203 ws461\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xaf5 y3926 w244 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls21f ws462\">(88)<span class=\"_ _458\"> </span></div></td><td class=\"c n xaf6 y3926 w244 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls21f ws462\">(88)<span class=\"_ _458\"> </span></div></td><td class=\"c n xaf7 y3926 w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls21f ws462\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3927 w6f1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1d sc0 ls209 ws240\">Net debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xaf8 y3927 w706 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20b ws463\">2,616<span class=\"_ _458\"> </span></div></td><td class=\"c n xaf9 y3927 w707 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20b ws463\">2,647<span class=\"_ _458\"> </span></div></td><td class=\"c n xafa y3927 w708 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20b ws463\">(31)<span class=\"_ _458\"> </span></div></td><td class=\"c n xafb y3927 w10f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls202 ws464\">2,035<span class=\"_ _458\"> </span></div></td><td class=\"c n xafc y3927 w709 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls202 ws464\">2,081<span class=\"_ _458\"> </span></div></td><td class=\"c n xafd y3927 w70a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls202 ws464\">(46)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y37d0 w70b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls21a ws1\">Net debt attributable to non-controlling interests<span class=\"_ _458\"> </span></div></td><td class=\"c n xafe y37d0 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xaff y37d0 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb00 y37d0 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb01 y37d0 w5a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls212 ws21c\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xb02 y37d0 w5a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls212 ws21c\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xb03 y37d0 wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls212 ws21c\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3928 ff42 fs151 fc1d sc0 ls209 ws240\">Net debt attributable to shareholders  </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3655 w70c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1d sc0 ls20e ws219\">of the Company<span class=\"_ _458\"> </span></div></td><td class=\"c n xb04 y3655 w70d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20b ws463\">2,616<span class=\"_ _458\"> </span></div></td><td class=\"c n xb05 y3655 w70e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20b ws463\">2,647<span class=\"_ _458\"> </span></div></td><td class=\"c n xb06 y3655 w70f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc1b sc0 ls20b ws463\">(31)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb07 y3655 w710 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls223 ws465\">2,036<span class=\"_ _458\"> </span></div></td><td class=\"c n xb08 y3655 w173 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls223 ws465\">2,082<span class=\"_ _458\"> </span></div></td><td class=\"c n xb09 y3655 w711 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc1d sc0 ls223 ws465\">(46)<span class=\"_ _458\"> </span></div></td></tr></table>The fair values of debentures and unsecured bonds have b<span class=\"ls26f ws284\">een established by obtaining quoted market prices from </span>brokers. The bank debt and other floating rate debt has been<span class=\"_ _d\"></span><span class=\"ls2a3 ws2b1\"> valued assuming it could be renegot<span class=\"_ _6\"></span>iated at contracted </span>margins. The derivatives have been valued by calculating <span class=\"ls26f ws284\">the present value of expected<span class=\"ls273 ws288\"> future cash flows, usin<span class=\"_ _d\"></span>g </span></span>appropriate market discount rates, by an in<span class=\"_ _d\"></span><span class=\"ls272 ws287\">dependent tr<span class=\"_ _1\"></span>easury adviser or a third party. </span>Short term debtors and creditors and other investments have<span class=\"ls270 ws285\"> been<span class=\"_ _6\"></span> excluded from the di<span class=\"ls295 ws2a6\">sclosur<span class=\"_ _6\"></span>es on the basis th<span class=\"_ _6\"></span>at </span></span>the fair value is equivalent to the book valu<span class=\"_ _6\"></span>e. The fair valu<span class=\"_ _d\"></span><span class=\"ls2a1 ws252\">e hier<span class=\"_ _1\"></span>archy level of debt held at amortised cost is Level 2 </span>(as defined in Note 1<span class=\"_ _6\"></span>0). Loan to value (LTV) LTV is the ratio of<span class=\"_ _6\"></span> principal amount of gro<span class=\"_ _6\"></span>ss debt less cash, sh<span class=\"_ _6\"></span>ort term deposits and<span class=\"_ _6\"></span> liquid investments to the aggregate value of properties and investments, excluding non-controllin<span class=\"ls270 ws285\">g interests. EPRA LTV has be<span class=\"ls274 ws289\">en disclosed in Table E. <span class=\"_ _6\"></span> </span></span>Group LTV <table class=\"s w712 h206\" id=\"_1fe4f26b-463c-44d0-bec9-27af4564fbc4\"><tr><td></td><td class=\"t m0 x273 h19e y3929 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3929 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y392a ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y392a ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y392b w713 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws25f\">Group LTV<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0a y392b w252 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws1\">31.7%<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0b y392b w714 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws1\">28.5%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38d4 w715 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Principal amount of gross debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0c y38d4 w716 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">2,740<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0d y38d4 w2e6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws1\">2,225<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y392c w717 h1d0\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Less cash and short term dep<span class=\"_ _1\"></span>osits (consolidated statement of cash flows)</div><div class=\"t m0 xb0e h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0f y392c w718 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">(21)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb10 y392c w307 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws1\">(58)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y392d w719 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Plus cash attributable to non-controlling interests<span class=\"_ _458\"> </span></div></td><td class=\"c n x279 y392d wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb11 y392d w81 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y392e w71a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws20f\">Total net debt for LTV calcula<span class=\"_ _1\"></span>tion<span class=\"_ _458\"> </span></div></td><td class=\"c n xb12 y392e w71b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws1\">2,719<span class=\"_ _458\"> </span></div></td><td class=\"c n xb13 y392e w71c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws1\">2,168<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3651 w71d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Group property portfolio valuation (Note 10)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb14 y3651 w71e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">6,065<span class=\"_ _458\"> </span></div></td><td class=\"c n xab1 y3651 w71f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls366 ws1\">5,1<span class=\"_ _1\"></span>30<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w720 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Investments in joint ventures (Note 11)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb15 y3652 w721 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws1\">2,462<span class=\"_ _458\"> </span></div></td><td class=\"c n xb16 y3652 wbd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">2,429<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3653 w722 h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Other investments and property, plant and e<span class=\"_ _1\"></span>quipment (consolidated balance sheet)</div><div class=\"t m0 xb17 h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xb18 y3653 w723 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws1\">50<span class=\"_ _458\"> </span></div></td><td class=\"c n xb19 y3653 w3da h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">56<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3654 w724 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws467\">Less property and investments attribut<span class=\"ls21a ws1\">able to non-controlling interests<span class=\"_ _458\"> </span></span></div></td><td class=\"c n x280 y3654 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb1a y3654 w68 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(14)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w725 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls217 ws22a\">Total assets for LTV calculation<span class=\"_ _458\"> </span></div></td><td class=\"c n xb1b y3655 w726 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws1\">8,577<span class=\"_ _458\"> </span></div></td><td class=\"c n xb1c y3655 w727 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws1\">7,601<span class=\"_ _458\"> </span></div></td></tr></table>Proportionally consolidated LTV <table class=\"s w728 h207\" id=\"_8da9ee43-ccf1-451c-8550-f6ca255f1c65\"><tr><td></td><td class=\"t m0 x273 h19e y392f ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y392f ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3930 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3930 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y38d3 w729 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20c ws256\">Proportionally consolidated LTV<span class=\"_ _458\"> </span></div></td><td class=\"c n xb1d y38d3 w72a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls215 ws1\">38.1%<span class=\"_ _458\"> </span></div></td><td class=\"c n xb1e y38d3 w72b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">37.3%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38d4 w715 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Principal amount of gross debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xb1f y38d4 w72c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23b ws1\">3,738<span class=\"_ _458\"> </span></div></td><td class=\"c n xb20 y38d4 w72d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls250 ws1\">3,443<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y38d5 w72e h1d9\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">Less cash and short term <span class=\"_ _1\"></span>deposits</div><div class=\"t m0 xb21 h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n xb22 y38d5 w72f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws1\">(101)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb23 y38d5 w730 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">(183)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3870 w719 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Plus cash attributable to non-controlling interests<span class=\"_ _458\"> </span></div></td><td class=\"c n x279 y3870 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb11 y3870 w81 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y392e w731 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20b ws255\">Total net debt for propor<span class=\"ls209 ws240\">tional LTV calculation<span class=\"_ _458\"> </span></span></div></td><td class=\"c n xb24 y392e w732 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">3,637<span class=\"_ _458\"> </span></div></td><td class=\"c n xb25 y392e w733 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws1\">3,261<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y370a w71d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Group property portfolio valuation (Note 10)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb14 y370a w71e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">6,065<span class=\"_ _458\"> </span></div></td><td class=\"c n xab1 y370a w71f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls366 ws1\">5,1<span class=\"_ _1\"></span>30<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w734 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Share of property of joint ventures (Note 10)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb26 y3652 w735 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">3,421<span class=\"_ _458\"> </span></div></td><td class=\"c n xb27 y3652 w736 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">3,568<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3653 w722 h1d6\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Other investments and property, plant and e<span class=\"_ _1\"></span>quipment (consolidated balance sheet)</div><div class=\"t m0 xb17 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xb18 y3653 w723 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws1\">50<span class=\"_ _458\"> </span></div></td><td class=\"c n xb19 y3653 w3da h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">56<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w737 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws253\">Less property attributable to non-controlling interests<span class=\"_ _458\"> </span></div></td><td class=\"c n x280 y375a w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb1a y375a w68 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(14)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w738 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20d ws216\">Total assets for proportional LTV calcu<span class=\"_ _1\"></span>lation<span class=\"_ _458\"> </span></div></td><td class=\"c n xb28 y3655 w739 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">9,536<span class=\"_ _458\"> </span></div></td><td class=\"c n xb29 y3655 w73a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws1\">8,740<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>Cash and short term deposits exclude tena<span class=\"ls30d ws333\">nt de<span class=\"_ _6\"></span>posits of \u00a336m (2023/24: \u00a330m).  </span>2. The \u00a314m (2023/24: \u00a31<span class=\"_ _6\"></span>7m) difference between other investmen<span class=\"_ _6\"></span>ts <span class=\"ls22c ws263\">and plant, property and equipment per the co<span class=\"_ _6\"></span>nsolidated balance<span class=\"ls1 ws1\"> </span></span>sheet totalling \u00a364m (2023/24: \u00a373m)<span class=\"ls22e ws24a\"> relates<span class=\"_ _d\"></span> to a right-of-use asset recognised under<span class=\"ls22f ws24b\"> a lease which is classified as property, <span class=\"_ _6\"></span><span class=\"ls226 ws1\">plant </span></span></span>and equipment which is not included within <span class=\"_ _6\"></span>total a<span class=\"ls248 ws249\">ssets for the purposes of the <span class=\"_ _6\"></span>LTV calculation.  </span>3. Cash and short <span class=\"_ _6\"></span>term deposits exclude t<span class=\"ls26a ws27f\">enant de<span class=\"_ _6\"></span>posits of \u00a364m (2023/24: \u00a357m<span class=\"_ _6\"></span>).  </span>Net Debt to EBITDA Net Debt to EBITDA is the ratio of principal amount of <span class=\"_ _6\"></span>gro<span class=\"ls271 ws286\">ss debt less cash, sh<span class=\"_ _6\"></span>ort term deposits an<span class=\"_ _6\"></span>d liquid investments </span>to earnin<span class=\"_ _6\"></span>gs before i<span class=\"_ _6\"></span>nterest, t<span class=\"_ _6\"></span>ax, depr<span class=\"ls24a ws258\">eciati<span class=\"_ _6\"></span>on and amortisation (EBITDA).  </span>The Group ratio excludes joint venture bo<span class=\"ls24a ws258\">rrowings and includes distributions and <span class=\"ls26f ws284\">other receivables from joint ventures.  </span></span>Group Net Debt to EBITDA<span class=\"_ _6\"></span> <table class=\"s w712 h208\" id=\"_58779739-9f2d-4c6e-b399-3779a5274665\"><tr><td></td><td class=\"t m0 x273 h19e y3931 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3931 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3932 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3932 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3933 w341 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20b ws255\">Group Net Debt to EBITDA<span class=\"_ _458\"> </span></div></td><td class=\"c n xb2a y3933 w73b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">8.0x<span class=\"_ _458\"> </span></div></td><td class=\"c n xb2b y3933 w325 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws1\">6.8x<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3934 w715 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Principal amount of gross debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0c y3934 w716 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">2,740<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0d y3934 w2e6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws1\">2,225<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3782 w717 h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Less cash and short term dep<span class=\"_ _1\"></span>osits (consolidated statement of cash flows)</div><div class=\"t m0 xb0e h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0f y3782 w718 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">(21)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb10 y3782 w307 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws1\">(58)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38d5 w719 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Plus cash attributable to non-controlling interests<span class=\"_ _458\"> </span></div></td><td class=\"c n x279 y38d5 wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb11 y38d5 w81 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3935 w73c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20e ws219\">Total net debt for Group Net De<span class=\"ls20b ws255\">bt to E<span class=\"_ _1\"></span>BITDA calculation<span class=\"_ _458\"> </span></span></div></td><td class=\"c n xb2c y3935 w73d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws1\">2,719<span class=\"_ _458\"> </span></div></td><td class=\"c n xb2d y3935 w73e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws1\">2,168<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3722 w73f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Underlying Profit (Table A)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb2e y3722 w288 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws1\">279<span class=\"_ _458\"> </span></div></td><td class=\"c n xb2f y3722 wb1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">268<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3723 w42b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Plus Net financing charges (Note 6)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb30 y3723 w478 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">60<span class=\"_ _458\"> </span></div></td><td class=\"c n xb31 y3723 w740 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">55<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3652 w741 h1d0\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Less Underlying Profit due to joint ventures</div><div class=\"t m0 xb32 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xb33 y3652 w2a9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">(90)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb34 y3652 w742 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws1\">(100)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3759 w743 h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">Plus distributions and other receivables fr<span class=\"_ _1\"></span>om joint ventures</div><div class=\"t m0 xb35 h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n xb36 y3759 wc0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls215 ws1\">84<span class=\"_ _458\"> </span></div></td><td class=\"c n xb37 y3759 w11c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">88<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f6 w744 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Plus depreciation and amortisation (Table <span class=\"_ _1\"></span>A)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa6c y36f6 w561 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws1\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n xb38 y36f6 w561 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">8<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w745 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20b ws255\">Total EBITDA for Group Net Debt to E<span class=\"_ _1\"></span>BITDA calculation<span class=\"_ _458\"> </span></div></td><td class=\"c n xb39 y3655 w746 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws1\">341<span class=\"_ _458\"> </span></div></td><td class=\"c n xb3a y3655 w747 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws1\">319<span class=\"_ _458\"> </span></div></td></tr></table>Proportionally consolidat<span class=\"ls293 ws1\">ed Net Debt to EBITDA </span><table class=\"s w748 h209\" id=\"_34b63752-67f6-49f5-a00e-f6efc99c5010\"><tr><td></td><td class=\"t m0 x273 h19e y3936 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3936 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3937 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3937 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3938 w749 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls242 ws25f\">Proportionally consolidated<span class=\"_ _1\"></span> Net Debt to EBITDA<span class=\"_ _458\"> </span></div></td><td class=\"c n xb3b y3938 w74a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23b ws1\">9.3x<span class=\"_ _458\"> </span></div></td><td class=\"c n xb3c y3938 w5c3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws1\">8.5x<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38d5 w715 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Principal amount of gross debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xb1f y38d5 w72c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23b ws1\">3,738<span class=\"_ _458\"> </span></div></td><td class=\"c n xb20 y38d5 w72d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls250 ws1\">3,443<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y392d w74b h1d6\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">Less cash and short term <span class=\"_ _1\"></span>deposits</div><div class=\"t m0 xb21 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n xb22 y392d w72f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws1\">(101)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb3d y392d w730 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">(183)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3848 w719 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Plus cash attributable to non-controlling interests<span class=\"_ _458\"> </span></div></td><td class=\"c n x279 y3848 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb11 y3848 w81 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3939 w74c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws20f\">Total net debt for proportion<span class=\"_ _1\"></span>al Net Debt to EBITDA calculation<span class=\"_ _458\"> </span></div></td><td class=\"c n xb3e y3939 w732 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">3,637<span class=\"_ _458\"> </span></div></td><td class=\"c n xb3f y3939 w45b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws1\">3,261<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w73f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Underlying Profit (Table A)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb2e y3652 w288 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws1\">279<span class=\"_ _458\"> </span></div></td><td class=\"c n xb2f y3652 wb1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">268<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3759 w74d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">Plus Net financing charges (Table A)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb40 y3759 w422 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws1\">103<span class=\"_ _458\"> </span></div></td><td class=\"c n xb41 y3759 w74e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws1\">108<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f6 w744 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Plus depreciation and amortisation (Table <span class=\"_ _1\"></span>A)<span class=\"_ _458\"> </span></div></td><td class=\"c n xa6c y36f6 w561 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws1\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n xb38 y36f6 w561 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">8<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w74f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls220 ws254\">Total EBITDA for propor<span class=\"_ _1\"></span>tional Net Debt to EBITDA calculation<span class=\"_ _458\"> </span></div></td><td class=\"c n xb42 y3655 w750 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">390<span class=\"_ _458\"> </span></div></td><td class=\"c n xb43 y3655 w751 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws1\">384<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>Cash and short term deposits exclude tena<span class=\"ls30d ws333\">nt de<span class=\"_ _6\"></span>posits of \u00a336m (2023/24: \u00a330m).  </span>2. Underlying Profi<span class=\"_ _6\"></span>t due to joint ventures o<span class=\"_ _6\"></span>f \u00a390m<span class=\"ls230 ws24c\"> (2023/24: \u00a3100m) (consolidat<span class=\"ls22e ws24a\">ed income statement).  </span></span>3. Includes distributions and <span class=\"_ _6\"></span>other recei<span class=\"ls268 ws27e\">vables from joint ventures of <span class=\"_ _6\"></span>\u00a372m (2023/<span class=\"ls227 wsbb\">24 \u00a377m) (consolidated statement of<span class=\"_ _6\"></span> cash flow<span class=\"ls377 ws469\">s) and </span></span></span>fees and other income received from join<span class=\"_ _d\"></span><span class=\"ls22b ws46a\">t ventures of \u00a312m (2<span class=\"_ _6\"></span>023/24: \u00a311m).<span class=\"_ _6\"></span> </span>4. <span class=\"_ _d\"></span>Cash and short term deposits ex<span class=\"_ _6\"></span>clude t<span class=\"ls26a ws27f\">enant deposits of \u00a364m <span class=\"_ _6\"></span>(2023/24: \u00a357m).  </span>British Land Unsecured Financial Covenants The two financial covenants applicable to the Group unsecured debt are shown below: <table class=\"s w712 h20a\" id=\"_c14d6b62-786b-4828-ac63-4b4863dc1228\"><tr><td></td><td class=\"t m0 x273 h19e y393a ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y393a ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y393b ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y393b ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y393c w752 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls202 ws33c\">Net Borrowings not to exceed 175% of Adjusted Capital and Reserves<span class=\"_ _458\"> </span></div></td><td class=\"c n xb44 y393c w5f0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls379 ws1\">47%<span class=\"_ _458\"> </span></div></td><td class=\"c n xb45 y393c w753 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls203 ws1\">40%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y393d w715 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Principal amount of gross debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0c y393d w716 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">2,740<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0d y393d w2e6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws1\">2,225<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y393e w717 h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Less cash and short term dep<span class=\"_ _1\"></span>osits (consolidated statement of cash flows)</div><div class=\"t m0 xb0e h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0f y393e w718 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">(21)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb10 y393e w307 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws1\">(58)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3782 w754 h1dc\"><div class=\"t m0 x1c8 h19f y3635 ff43 fs151 fc18 sc0 ls20b ws255\">Plus the relevant proportion of cash an<span class=\"_ _1\"></span>d de<span class=\"ls21f ws237\">posits of the partly owned subsidiary/non-<span class=\"_ _458\"> </span></span></div><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">controlling interests<span class=\"_ _458\"> </span></div></td><td class=\"c n x280 y3782 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb46 y3782 w755 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3707 w756 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21f ws237\">Net Borrowings<span class=\"_ _458\"> </span></div></td><td class=\"c n xb47 y3707 w73d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws1\">2,719<span class=\"_ _458\"> </span></div></td><td class=\"c n xb48 y3707 w71c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws1\">2,168<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3784 w757 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Share capital and reserves (consolidated balance sheet)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb49 y3784 w758 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws1\">5,710<span class=\"_ _458\"> </span></div></td><td class=\"c n xb4a y3784 w759 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">5,312<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y393f w75a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">Deferred tax liabilities (Table A)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb4b y393f w2bd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23c ws1\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n xb4c y393f w58 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws1\">6<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y370a w75b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">Trading property surplus (defi<span class=\"_ _1\"></span>cit) (Table A)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb4d y370a w127 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n xb4e y370a wab h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">(1)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w75c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Exceptional refinancing charges (see below)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4e4 y3652 w6a2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">107<span class=\"_ _458\"> </span></div></td><td class=\"c n xb4f y3652 w75d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws1\">147<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3940 w75e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">Fair value adjustments of financial instru<span class=\"_ _1\"></span>ments (Table A)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb50 y3940 w24e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23b ws1\">(23)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4af y3940 w282 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">(55)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w75f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Less reserves attributable to non-contro<span class=\"ls217 ws22a\">llin<span class=\"_ _1\"></span>g interests (consolidated balance sheet)<span class=\"_ _458\"> </span></span></div></td><td class=\"c n xb51 y375a w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb52 y375a w1d7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws1\">(13)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w760 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">Adjusted Capital and Reserves<span class=\"_ _458\"> </span></div></td><td class=\"c n xb53 y3655 w3a3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls235 ws1\">5,801<span class=\"_ _458\"> </span></div></td><td class=\"c n xb54 y3655 w761 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">5,3<span class=\"_ _1\"></span>96<span class=\"_ _458\"> </span></div></td></tr></table>In calculating Adjusted Capital and Reserves for the purpos<span class=\"_ _1\"></span>e of the unsecured debt financial covenants, there is an adjustment of \u00a3107m (2023/24: \u00a3147m<span class=\"_ _6\"></span>) to reflect the cumu<span class=\"ls274 ws289\">lative net amortised exceptional items relating to the </span>refinancings in the years ended 31 March 2005, 2006 and 2007. <table class=\"s w762 h20b\" id=\"_8d2c1779-1f01-461d-9b24-a4e8e08c2639\"><tr><td></td><td class=\"t m0 x273 h19e y3941 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3941 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3942 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3942 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y377f w763 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls245 ws2e3\">Net Unsecured Borrowings not to exceed 70% of Unencumbered Assets<span class=\"_ _458\"> </span></div></td><td class=\"c n xb55 y377f w764 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls208 ws1\">43%<span class=\"_ _458\"> </span></div></td><td class=\"c n xb56 y377f w765 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">38%<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3943 w715 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Principal amount of gross debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0c y3943 w716 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">2,740<span class=\"_ _458\"> </span></div></td><td class=\"c n xb0d y3943 w2e6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws1\">2,225<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3934 w766 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws22a\">Less cash and short term deposits not su<span class=\"_ _1\"></span>bject to a security interest<span class=\"_ _458\"> </span></div></td><td class=\"c n xb57 y3934 w718 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">(21)<span class=\"_ _458\"> </span></div></td><td class=\"c n x4dc y3934 w307 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws1\">(58)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3944 w719 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Plus cash attributable to non-controlling interests<span class=\"_ _458\"> </span></div></td><td class=\"c n x279 y3944 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb11 y3944 w81 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y392c w767 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">Less principal amount of secur<span class=\"_ _1\"></span>ed and non-recourse borrowings<span class=\"_ _458\"> </span></div></td><td class=\"c n xb58 y392c w291 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls211 ws1\">(501)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb59 y392c w768 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls319 ws1\">(633)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3935 w769 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls23b ws2f9\">Net Unsecured Borrowings<span class=\"_ _458\"> </span></div></td><td class=\"c n xb5a y3935 w76a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">2,218<span class=\"_ _458\"> </span></div></td><td class=\"c n xb5b y3935 w76b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">1,535<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3650 w71d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Group property portfolio valuation (Note 10)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb14 y3650 w71e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">6,065<span class=\"_ _458\"> </span></div></td><td class=\"c n xab1 y3650 w71f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls366 ws1\">5,1<span class=\"_ _1\"></span>30<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3651 w720 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Investments in joint ventures (Note 11)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb15 y3651 w721 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws1\">2,462<span class=\"_ _458\"> </span></div></td><td class=\"c n xb16 y3651 wbd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">2,429<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3799 w722 h1d9\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Other investments and property, plant and e<span class=\"_ _1\"></span>quipment (consolidated balance sheet)</div><div class=\"t m0 xb17 h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xb18 y3799 w723 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws1\">50<span class=\"_ _458\"> </span></div></td><td class=\"c n xb19 y3799 w3da h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">56<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w76c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Less investments in joint vent<span class=\"_ _1\"></span>ures (Note 11)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb5c y3653 w76d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws1\">(2,462)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb5d y3653 w76e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws1\">(2,429)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3654 w76f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Less encumbered assets (Note 10)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb5e y3654 w770 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws1\">(905)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb5f y3654 w771 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws1\">(1,137)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w772 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls216 ws26b\">Unencumbered Assets<span class=\"_ _458\"> </span></div></td><td class=\"c n xb60 y3655 w4ca h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">5,210<span class=\"_ _458\"> </span></div></td><td class=\"c n xb61 y3655 w773 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws1\">4,049<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>Cash and short term deposits exclude tena<span class=\"ls30d ws333\">nt de<span class=\"_ _6\"></span>posits of \u00a336m (2023/24: \u00a330m).  </span>2. The \u00a314m (2023/24: \u00a31<span class=\"_ _6\"></span>7m) difference between other investmen<span class=\"_ _6\"></span>ts <span class=\"ls226 ws151\">and plant, property and equipment per <span class=\"_ _6\"></span>the balance sheet totall<span class=\"_ _d\"></span><span class=\"ls22c ws1\">ing </span></span>\u00a364m (2023/24: \u00a373m) relates to a right-of-use<span class=\"_ _d\"></span> asset recognised <span class=\"ls22f ws24b\">under a lease which is classified as property, plant and equipm<span class=\"_ _6\"></span><span class=\"ls30c ws1\">ent </span></span>which is not included within unencumbered assets fo<span class=\"_ _d\"></span><span class=\"ls227 wsbb\">r the purposes of the covenant calculation. </span><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls29f ws2dd gs391\">Reconciliation of movement in Group net <span class=\"ls293 ws1\">debt for the year ended 31 March 2025</span><span class=\"ls293 ws1\"> </span></div><div class=\"gs266\"><table class=\"s w774 h20c\" id=\"_a2e6f9a5-0afc-4e8b-bbeb-75e6bd969ddf\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x338 h19e y3945 ff42 fs150 fc16 sc0 ls2ee ws1\">Arrangement </td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x336 h19e y3946 ff42 fs150 fc16 sc0 ls1fe ws1\">Foreign </td><td></td><td class=\"t m0 x564 h19e y3947 ff42 fs150 fc16 sc0 ls369 ws1\">cost </td><td></td></tr><tr><td></td><td class=\"t m0 xb62 h19e y3948 ff42 fs150 fc16 sc0 ls1f4 ws1\">2024 </td><td class=\"t m0 xad2 h19e y3948 ff42 fs150 fc16 sc0 ls373 ws456\">Cash flows </td><td class=\"c xb64 y3949 w775 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls2ed ws1\">Transfers</div><div class=\"t m0 xb63 h72 y3625 ff42 fs63 fc16 sc0 ls1 ws1\">1</div></td><td class=\"t m0 x6eb h19e y394a ff42 fs150 fc16 sc0 ls263 ws1\">exchange </td><td class=\"t m0 x57e h19e y394a ff42 fs150 fc16 sc0 ls321 ws365\">Fair value </td><td class=\"t m0 x44f h19e y394b ff42 fs150 fc16 sc0 ls347 ws1\">amortisati<span class=\"_ _d\"></span>on </td><td class=\"t m0 x274 h19e y394b ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td></tr><tr><td></td><td class=\"t m0 xb65 h19e y394c ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x334 h19e y394c ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x589 h19e y394d ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x58a h19e y394e ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d9 h19e y394e ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1da h19e y394f ff42 fs150 fc16 sc0 ls1f8 ws1ff\">\u00a3m  </td><td class=\"t m0 x1db h19e y394f ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y37fe w776 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Short term borrowings<span class=\"_ _458\"> </span></div></td><td class=\"c n xb66 y37fe w777 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n xb67 y37fe w532 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">(12)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb68 y37fe w778 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">311<span class=\"_ _458\"> </span></div></td><td class=\"c n xb69 y37fe w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb6a y37fe w1b0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb6b y37fe w779 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xb6c y37fe w2f5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">311<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3950 w77a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Long term borrowings<span class=\"_ _458\"> </span></div></td><td class=\"c n xb6d y3950 w77b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls245 ws46c\">2,202<span class=\"_ _458\"> </span></div></td><td class=\"c n xb6e y3950 w77c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls245 ws46c\">513<span class=\"_ _458\"> </span></div></td><td class=\"c n xb6f y3950 w77d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls245 ws46c\">(311)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb70 y3950 w77e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls245 ws46c\">(6)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb71 y3950 w77f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls245 ws46c\">21<span class=\"_ _458\"> </span></div></td><td class=\"c n xb72 y3950 w780 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls245 ws46c\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb73 y3950 w781 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls245 ws46c\">2,417<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3951 w782 h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws1\">Derivatives</div><div class=\"t m0 xb74 h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xb75 y3951 w306 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws46d\">(43)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb76 y3951 w783 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws46d\">29<span class=\"_ _458\"> </span></div></td><td class=\"c n xb77 y3951 w178 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws46d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb78 y3951 w784 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws46d\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n xb79 y3951 w785 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws46d\">(16)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb7a y3951 w1b0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws46d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb7b y3951 w601 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws46d\">(24)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3759 w786 h1dc\"><div class=\"t m0 x1c8 h19f y3635 ff43 fs151 fc18 sc0 ls20e ws219\">Total liabilities from<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws216\">financing activities</div><div class=\"t m0 xb7c h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n xb7d y3759 w787 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">2,169<span class=\"_ _458\"> </span></div></td><td class=\"c n xb7e y3759 w788 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">530<span class=\"_ _458\"> </span></div></td><td class=\"c n xb7f y3759 w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb80 y3759 w1b0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb81 y3759 w789 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n xb82 y3759 w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb83 y3759 w78a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws46b\">2,704<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a wd3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">Cash and cash equivalents<span class=\"_ _458\"> </span></div></td><td class=\"c n xb84 y375a w78b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws366\">(88)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb85 y375a w4e3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws366\">31<span class=\"_ _458\"> </span></div></td><td class=\"c n xb86 y375a w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws366\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb87 y375a w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws366\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb88 y375a w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws366\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb89 y375a w94 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws366\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb8a y375a w78c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws366\">(57)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w6f1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">Net debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xb8b y3655 w198 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws367\">2,081<span class=\"_ _458\"> </span></div></td><td class=\"c n xb8c y3655 w78d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws367\">561<span class=\"_ _458\"> </span></div></td><td class=\"c n xb8d y3655 w178 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws367\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb8e y3655 w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws367\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb8f y3655 w789 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws367\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n xb90 y3655 w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws367\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb91 y3655 w78e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws367\">2,647<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls29f ws2dd gs392\">Reconciliation of movement in Group net <span class=\"ls293 ws1\">debt for the year ended 31 March 2024</span><span class=\"ls293 ws1\"> </span></div><div class=\"gs393\"><table class=\"s w78f h20d\" id=\"_6ce1f2d2-cbb0-4646-ba4d-af9d176f959d\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xb92 h19e y3952 ff43 fs150 fc18 sc0 ls2ec ws1\">Arrangement </td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x3f6 h19e y3953 ff43 fs150 fc18 sc0 ls234 ws1\">Foreign </td><td></td><td class=\"t m0 x564 h19e y3954 ff43 fs150 fc18 sc0 ls2fa ws1\">cost </td><td></td></tr><tr><td></td><td class=\"t m0 xb62 h19e y3955 ff43 fs150 fc18 sc0 ls1ff ws1\">2023 </td><td class=\"t m0 xb93 h19e y3955 ff43 fs150 fc18 sc0 ls1f9 ws200\">Cash flows </td><td class=\"c xb64 y3949 w790 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls258 ws1\">Transfers</div><div class=\"t m0 xb63 h72 y3625 ff43 fs63 fc18 sc0 ls1 ws1\">1</div></td><td class=\"t m0 x3ea h19e y3956 ff43 fs150 fc18 sc0 ls259 ws1\">exchange </td><td class=\"t m0 xad3 h19e y3956 ff43 fs150 fc18 sc0 ls25d ws455\">Fair value </td><td class=\"t m0 x57d h19e y3957 ff43 fs150 fc18 sc0 ls1fb ws1\">amortisation </td><td class=\"t m0 x274 h19e y3957 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 xb65 h19e y3958 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x334 h19e y3958 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x589 h19e y3959 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x58a h19e y395a ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1d9 h19e y395a ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1da h19e y395b ff43 fs150 fc18 sc0 ls1fc ws201\">\u00a3m  </td><td class=\"t m0 x1db h19e y395b ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y37fe w776 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Short term borrowings<span class=\"_ _458\"> </span></div></td><td class=\"c n xb94 y37fe w791 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">402<span class=\"_ _458\"> </span></div></td><td class=\"c n xb95 y37fe w792 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">(384)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb96 y37fe wcc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n xb97 y37fe w9c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xb98 y37fe w793 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">(20)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb99 y37fe w4b0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xb9a y37fe wcc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">10<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y374e w794 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws26b\">Long term borrowings<span class=\"_ _458\"> </span></div></td><td class=\"c n xb9b y374e w5a3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws26b\">1,865<span class=\"_ _458\"> </span></div></td><td class=\"c n xb9c y374e w5ac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws26b\">355<span class=\"_ _458\"> </span></div></td><td class=\"c n xb9d y374e w795 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws26b\">(10)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb9e y374e w1a9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws26b\">(7)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb9f y374e w5a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws26b\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xba0 y374e w796 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws26b\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n xba1 y374e wbd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws26b\">2,202<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y37ff w797 h1d9\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws1\">Derivatives</div><div class=\"t m0 xb74 h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n xba2 y37ff w798 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws46e\">(77)<span class=\"_ _458\"> </span></div></td><td class=\"c n xba3 y37ff w799 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws46e\">(15)<span class=\"_ _458\"> </span></div></td><td class=\"c n xba4 y37ff w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws46e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xba5 y37ff w72 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws46e\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n xba6 y37ff w79a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws46e\">42<span class=\"_ _458\"> </span></div></td><td class=\"c n xba7 y37ff w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws46e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xba8 y37ff w24c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws46e\">(43)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y395c w786 h1d3\"><div class=\"t m0 x1c8 h19f y3635 ff43 fs151 fc18 sc0 ls20e ws219\">Total liabilities from<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws216\">financing activities</div><div class=\"t m0 xb7c h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">5<span class=\"_ _458\"> </span></div></td><td class=\"c n xba9 y3759 w79b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws21b\">2,190<span class=\"_ _458\"> </span></div></td><td class=\"c n xbaa y3759 w79c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws21b\">(44)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbab y3759 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws21b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbac y3759 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws21b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbad y3759 w79d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws21b\">23<span class=\"_ _458\"> </span></div></td><td class=\"c n xbae y3759 w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws21b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbaf y3759 w79e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws21b\">2,169<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f6 w79f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws46f\">Cash <span class=\"_ _31f\"></span>and <span class=\"_ _31f\"></span>cash <span class=\"_ _31f\"></span>equivalents<span class=\"_ _458\"> </span></div></td><td class=\"c n xbb0 y36f6 w7a0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws46f\">(125)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbb1 y36f6 w7a1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws46f\">37<span class=\"_ _458\"> </span></div></td><td class=\"c n xbb2 y36f6 w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws46f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbb3 y36f6 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws46f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x593 y36f6 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws46f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x594 y36f6 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws46f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbb4 y36f6 w7a2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws46f\">(88)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w6f1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">Net debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xbb5 y3655 w7a3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws470\">2,065<span class=\"_ _458\"> </span></div></td><td class=\"c n xbb6 y3655 w7a4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws470\">(7)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbb7 y3655 w170 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws470\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbb8 y3655 w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws470\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbb9 y3655 w7a5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws470\">23<span class=\"_ _458\"> </span></div></td><td class=\"c n xbba y3655 w9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws470\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbbb y3655 w7a6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws470\">2,081<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22c ws263 gs394\">1. <span class=\"_ _24\"> </span>Transfers comprises debt maturing from<span class=\"ls254 ws152\"> long te<span class=\"_ _6\"></span>rm to short term borro<span class=\"_ _6\"></span>wings.<span class=\"_ _458\"> </span></span><span class=\"ls254 ws152\"> </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22f ws24b gs395\">2. Cash flows on derivatives<span class=\"_ _6\"></span><span class=\"ls227 wsbb\"> include \u00a337m of net receipts on derivative interes<span class=\"_ _d\"></span>t<span class=\"_ _1\"></span>.<span class=\"_ _458\"> </span></span><span class=\"ls227 wsbb\"> </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22e ws24a gs396\">3. Cash flows of \u00a3530m includes<span class=\"_ _d\"></span><span class=\"ls225\"> repayment of bank and other <span class=\"ls26a ws27f\">borrowings of \u00a3132<span class=\"_ _6\"></span>m, proceeds fr<span class=\"ls248 ws249\">om new borrowings of <span class=\"_ _6\"></span>\u00a3297m,<span class=\"_ _458\"> </span></span></span></span><span class=\"ls225\"><span class=\"ls26a ws27f\"><span class=\"ls248 ws249\"> </span></span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls248 wsbb gs397\">drawdowns on bank and other borro<span class=\"_ _6\"></span>wings of \u00a3138m, which includes <span class=\"_ _6\"></span><span class=\"ls226 ws151\">\u00a39m of issue costs, net dr<span class=\"_ _6\"></span>awdown<span class=\"ls1 ws48\"> of revolving credit facilities<span class=\"ls253 ws261\"> of<span class=\"_ _458\"> </span></span></span></span><span class=\"ls226 ws151\"><span class=\"ls1 ws48\"><span class=\"ls253 ws261\"> </span></span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22c ws263 gs398\">\u00a3198m and capital payments in respect of in<span class=\"_ _6\"></span><span class=\"ls22d ws248\">terest rate deriv<span class=\"_ _6\"></span>atives of \u00a38m a<span class=\"_ _6\"></span>s shown <span class=\"ls225 ws244\">in the consolidated sta<span class=\"_ _d\"></span>tement of cash flows,<span class=\"ls227 wsbb\"> along<span class=\"_ _458\"> </span></span></span></span><span class=\"ls22d ws248\"><span class=\"ls225 ws244\"><span class=\"ls227 wsbb\"> </span></span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls359 ws3e6 gs399\">with \u00a337m of ne<span class=\"_ _6\"></span>t receipts on de<span class=\"_ _d\"></span>rivative interest.<span class=\"_ _458\"> </span> </div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls227 wsbb gs39a\">4. <span class=\"_ _d\"></span>Cash flows on derivatives include \u00a316m <span class=\"_ _d\"></span><span class=\"ws249\">of net receipts on derivative interest.<span class=\"_ _458\"> </span></span><span class=\"ws249\"> </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls225 ws244 gs39b\">5. Cash flows of<span class=\"_ _6\"></span> \u00a344m includes capital paym<span class=\"ls254 ws152\">ents i<span class=\"_ _6\"></span>n respect of interest <span class=\"_ _6\"></span>rate derivatives of \u00a331m, re<span class=\"_ _6\"></span>payment of bank and other<span class=\"_ _458\"> </span></span><span class=\"ls254 ws152\"> </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls254 ws152 gs39c\">borrowings of \u00a3385m, drawdow<span class=\"_ _6\"></span>ns on bank and other borrowings of<span class=\"_ _d\"></span><span class=\"ls225 ws471\"> \u00a3361m and net <span class=\"_ _1\"></span>repaymen<span class=\"_ _6\"></span>t of revo<span class=\"ls22f ws24b\">lving credit facilities of \u00a32m<span class=\"_ _458\"> </span></span></span><span class=\"ls225 ws471\"><span class=\"ls22f ws24b\"> </span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls248 ws249 gs39d\">shown in the consolidated statement of cash flo<span class=\"_ _6\"></span>ws, along with \u00a316m <span class=\"_ _6\"></span>of net receipts on derivativ<span class=\"_ _6\"></span>e interest and \u00a33m of issue cost<span class=\"_ _d\"></span><span class=\"ls225 ws1\">s.<span class=\"_ _458\"> </span></span><span class=\"ls225 ws1\"> </span></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls37a ws472 gs39e\">Fair value hierarchy<span class=\"_ _458\"> </span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs39f\">The table below provides an analysis of financial instruments carried at fair value, by the valuation method. The<span class=\"_ _6\"></span> fair<span class=\"_ _458\"> </span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs3a0\">value hierarchy levels are defined in Note 10. </div><div class=\"gs3a1\"><table class=\"s w7a7 h20e\" id=\"_93273961-a5e3-401d-9b3c-d870ea9db155\"><tr><td></td><td></td><td class=\"c n xbbc y37f4 w1c2 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td class=\"c n xbbd y37f4 w29 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f5 ws473\">2024<span class=\"_ _458\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xb62 h19e y395d ff42 fs150 fc16 sc0 ls1f6 ws474\">Level 1 </td><td class=\"t m0 x608 h19e y395d ff42 fs150 fc16 sc0 ls37b ws475\">Level 2 </td><td class=\"t m0 x1cf h19e y395d ff42 fs150 fc16 sc0 ls330 ws36d\">Level 3 </td><td class=\"t m0 x3ef h19e y395d ff42 fs150 fc16 sc0 ls1f4 ws1\">Total </td><td class=\"t m0 xbbe h19e y395d ff43 fs150 fc18 sc0 ls343 ws476\">Level 1 </td><td class=\"t m0 xbbf h19e y395d ff43 fs150 fc18 sc0 ls341 ws3d4\">Level 2 </td><td class=\"t m0 x559 h19e y395d ff43 fs150 fc18 sc0 ls336 ws382\">Level 3 </td><td class=\"t m0 x1d4 h19e y395d ff43 fs150 fc18 sc0 ls1ff ws1\">Total </td></tr><tr><td></td><td class=\"t m0 xbc0 h19e y395e ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d6 h19e y395e ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 xa34 h19e y395e ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 xbc1 h19e y395e ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x337 h19e y395e ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x44f h19e y395e ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x339 h19e y395e ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y395e ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"t m0 x20e h19f y395f ff43 fs151 fc18 sc0 ls205 ws20b\">Interest rate and currency </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3960 w7a8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">derivative assets<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc2 y3960 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws477\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc3 y3960 w7a9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws477\">(82)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc4 y3960 w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws477\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc5 y3960 w7a9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws477\">(82)<span class=\"_ _458\"> </span></div></td><td class=\"c n x3da y3960 w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws478\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc6 y3960 w64f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws478\">(99)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc7 y3960 w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws478\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xaaf y3960 w64f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws478\">(99)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3961 w7aa h1d3\"><div class=\"t m0 x1c8 h19f y3635 ff43 fs151 fc18 sc0 ls20a ws255\">Other investments \u2013 fair value <span class=\"_ _1\"></span>through<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">profit or loss (Note 12)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc8 y3962 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws479\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc9 y3962 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws479\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbca y3962 w7ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws479\">(41)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbcb y3962 w7ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws479\">(41)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbcc y3962 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws47a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbcd y3962 w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws47a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbce y3962 w4ea h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws47a\">(46)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbcf y3962 w4ea h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws47a\">(46)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3963 w7ac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls213 ws1\">Assets<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd0 y3963 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws47b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd1 y3963 w49 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws47b\">(82)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd2 y3963 w7ad h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws47b\">(41)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd3 y3963 w36 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws47b\">(123)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd4 y3963 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws47c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd5 y3963 w7ae h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws47c\">(99)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd6 y3963 w7af h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws47c\">(46)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd7 y3963 w7b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws47c\">(145)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3964 ff43 fs151 fc18 sc0 ls205 ws20b\">Interest rate and currency </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y3965 ff43 fs151 fc18 sc0 ls20e ws219\">derivative liabilities </td><td class=\"c n xbc8 y3750 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd8 y3750 w641 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd9 y3750 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbda y3750 w7b1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n xbdb y3750 w22e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbdc y3750 w7b2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">56<span class=\"_ _458\"> </span></div></td><td class=\"c n xbdd y3750 w22e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbde y3750 w7b3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">56<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3654 w7b4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws1\">Liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n xbdf y3654 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe0 y3654 w7b1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe1 y3654 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe2 y3654 w7b5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe3 y3654 w22e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe4 y3654 w7b2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">56<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe5 y3654 w7b6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe6 y3654 w7b3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">56<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w26d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd0 y3655 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws47f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe7 y3655 w28c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws47f\">(24)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe8 y3655 w7b7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws47f\">(41)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe9 y3655 w7b8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws47f\">(65)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd4 y3655 w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws480\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbea y3655 w7b9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws480\">(43)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbeb y3655 w470 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws480\">(46)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbec y3655 w7ba h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws480\">(89)<span class=\"_ _458\"> </span></div></td></tr></table></div>Categories of financial instruments <table class=\"s w6f2 h20f\" id=\"_072a0f71-0e54-4826-a291-28890fc727a2\"><tr><td></td><td class=\"t m0 x273 h19e y3966 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3966 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3967 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3967 ff43 fs150 fc18 sc0 ls1fc ws201\">\u00a3m  </td></tr><tr><td class=\"t m0 x20e h19f y3968 ff42 fs151 fc18 sc0 ls21f ws237\">Financial assets <span class=\"_ _325\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y3969 ff42 fs151 fc18 sc0 ls20e ws219\">Amortised cost <span class=\"_ _326\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y396a wd3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">Cash and cash equivalents<span class=\"_ _458\"> </span></div></td><td class=\"c n xbed y396a w46b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls241 ws1\">57<span class=\"_ _458\"> </span></div></td><td class=\"c n xbee y396a wd6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">88<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y396b w7bb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">Trade and other debtors (Not<span class=\"_ _1\"></span>e 13)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbef y396b wd5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">28<span class=\"_ _458\"> </span></div></td><td class=\"c n xbf0 y396b w37b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">22<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y396c ff42 fs151 fc18 sc0 ls205 ws20b\">Fair value through profit or loss <span class=\"_ _327\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c x1dc y396d w7bc h1d0\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Derivatives in designated fair value hedge accounting relationships</div><div class=\"t m0 xbf1 h1a0 y362c ff43 fs152 fc18 sc0 ls32d ws1\">1,2<span class=\"_ _458\"> </span></div></td><td class=\"c n xbf2 y396d w7bd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws1\">14<span class=\"_ _458\"> </span></div></td><td class=\"c n xbf3 y396d w2a7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">15<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y377f w7be h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Derivatives not in designated hedge acc<span class=\"_ _1\"></span>ounting relationships<span class=\"_ _458\"> </span></div></td><td class=\"c n xbf4 y377f w7bf h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws1\">68<span class=\"_ _458\"> </span></div></td><td class=\"c n xbf5 y377f w7c0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws1\">84<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y396e w7c1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Other investments (Note 12)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbf6 y396e w7c2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws1\">41<span class=\"_ _458\"> </span></div></td><td class=\"c n xbf7 y396e w388 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls250 ws1\">46<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xbf8 y396f w7c3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws1\">208<span class=\"_ _458\"> </span></div></td><td class=\"c n xbf9 y396f w7c4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls201 ws1\">255<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3970 ff42 fs151 fc18 sc0 ls20e ws24f\">Financial liabilities <span class=\"_ _329\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y3971 ff42 fs151 fc18 sc0 ls20e ws219\">Amortised cost <span class=\"_ _326\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3972 w7c5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Creditors (Note 14)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbfa y3972 w433 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">(182)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbfb y3972 w72f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws1\">(187)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3935 w7c6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws481\">Gross debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xbfc y3935 w7c7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws1\">(2,728)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbfd y3935 w7c8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls235 ws1\">(2,212)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y392e w7c9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Lease liabilities (Notes 14 and 15)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbfe y392e w7ca h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws1\">(114)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbff y392e w147 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">(127)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3973 ff42 fs151 fc18 sc0 ls205 ws20b\">Fair value through profit or loss <span class=\"_ _327\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _1fe\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c x1dc y365f w7bc h1d9\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Derivatives in designated fair value hedge accounting relationships</div><div class=\"t m0 xbf1 h1a0 y362f ff43 fs152 fc18 sc0 ls32d ws1\">1,2<span class=\"_ _458\"> </span></div></td><td class=\"c n xc00 y365f we8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws1\">(6)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc01 y365f w7cb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">(17)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3750 w7be h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Derivatives not in designated hedge acc<span class=\"_ _1\"></span>ounting relationships<span class=\"_ _458\"> </span></div></td><td class=\"c n xa92 y3750 w6cd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws1\">(52)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc02 y3750 w474 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws1\">(39)<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xc03 y3654 w7cc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws1\">(3,082)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc04 y3654 w7cd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls319 ws1\">(2,582)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w26d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n xc05 y3655 w7ce h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws1\">(2,874)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc06 y3655 w7cf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws1\">(2,327)<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>Derivative assets and liabilit<span class=\"ls1\">ies in designated hedge accounting relationships si<span class=\"ls248 ws249\">t <span class=\"_ _6\"></span>within the derivative assets and derivati<span class=\"_ _6\"></span><span class=\"ls22e ws24a\">ve liabilities </span></span></span>balances of the cons<span class=\"ls22a ws246\">olidated balance sheet. </span>2. The fair value of derivative assets in designated hedge accounting <span class=\"ls255 ws262\">relationships represents the accumulated amount of fair v<span class=\"ws1\">alue </span></span>hedge adjustments on hedged items. Gains and losses on financial instruments,<span class=\"ls270 ws285\"> as classed ab<span class=\"_ _6\"></span>ove, are disclosed in No<span class=\"ls2b1 ws2ba\">te 6 (net financing charges), Note 13 </span></span>(debtors), the consolidated income st<span class=\"ls24a ws258\">atem<span class=\"_ _6\"></span>ent and the consolidated statement <span class=\"ls249 ws28e\">of comprehensive i<span class=\"_ _6\"></span>ncome. The Directors </span></span>consider that the carrying amounts of other investments ar<span class=\"ls288 ws295\">e approximate to their fair va<span class=\"ls275 ws28a\">lue, and that the carrying </span></span>amounts are recoverable. Capital risk management The capital structure of the Group consists of net debt and equity attributable to the equity holder<span class=\"_ _1\"></span>s of The <span class=\"_ _6\"></span>British Land Company PLC, comprising is<span class=\"_ _6\"></span>su<span class=\"ls24a ws258\">ed capital, reserves and retained earnings. Risks relating to capital structure are </span>addressed within Managing risk in delivering our strategy<span class=\"ls273 ws288\"> on pages 4<span class=\"_ _6\"></span>7 to 58. The Group\u2019s objectives, p<span class=\"_ _6\"></span>olicies and </span>processes for managing debt are set out in the Fina<span class=\"_ _d\"></span><span class=\"ls275 ws28a\">ncial policies and principles on pages 44 to 46.  </span>Interest rate risk management The Group uses interest rate swaps and ca<span class=\"ls27c ws291\">ps to hedge exposure to th<span class=\"_ _6\"></span>e variability <span class=\"ls26f ws284\">in cash flows on floating rate debt, </span></span>such as revolving bank facilities, caused by movements in ma<span class=\"_ _6\"></span><span class=\"ls27d ws292\">rket rates of interest. The Gr<span class=\"ls29b ws1fd\">oup\u2019s ob<span class=\"_ _6\"></span>jectives and processes </span></span>for managing interest rate risk are set out in the Financial policies and<span class=\"_ _6\"></span> principles on pages 44 to 46. At 31 March 2025, the fair value of these<span class=\"_ _6\"></span> derivatives is a <span class=\"ls299 ws2a3\">net asset of <span class=\"_ _d\"></span>\u00a363m (2023/24: \u00a37<span class=\"_ _1\"></span>4m). Interest rate swaps with </span>a fair value of \u00a3nil (2023/24: \u00a3nil) have been <span class=\"ls289 ws2ab\">designated as cash flow hedges under IFRS 9. </span>The ineffectiveness recognised in the co<span class=\"ls27d ws292\">n<span class=\"_ _6\"></span>solidated income statemen<span class=\"ls36b ws2b6\">t on cash<span class=\"_ _6\"></span> flow hedges in the <span class=\"_ _6\"></span>year ended 31 <span class=\"_ _6\"></span>March </span></span>2025 was \u00a3nil (2023/24: \u00a3nil). <div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs3ba\">The cash flows occur and are charged to<span class=\"ls277 ws28d\"> <span class=\"_ _6\"></span>profit and loss until the maturity <span class=\"ls27e ws293\">of the hedged debt. The table below<span class=\"_ _458\"> </span></span></span><span class=\"ls277 ws28d\"><span class=\"ls27e ws293\"> </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs3bb\">summarises variable rate debt hedged at 31 March.<span class=\"_ _458\"> </span> </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls32a ws35f gs3bc\">Variable rate debt hedged  </div><div class=\"gs307\"><table class=\"s w7d0 h210\" id=\"_465f8794-f163-4de6-858e-e1ad1c12f457\"><tr><td></td><td class=\"t m0 xae5 h19e y3974 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3974 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 xa3a h19e y3975 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3975 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3976 w7d1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Outstanding: <span class=\"_ _1f\"></span> at one year<span class=\"_ _458\"> </span></div></td><td class=\"c n xc07 y3976 w7d2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">2,020<span class=\"_ _458\"> </span></div></td><td class=\"c n xc08 y3976 w7d3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws1\">1,175<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n xc09 y36b7 w7d4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">at two years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0a y36b7 w7d5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">1,670<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0b y36b7 w7d6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws1\">1,520<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n xc09 y3655 w7d7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">at five years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0c y3655 w7d8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">950<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0d y3655 w7d9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35f ws1\">700<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls1 ws341 gs3bd\">Fair value hedged debt<span class=\"_ _458\"> </span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs3be\">The Group uses interest rate swaps to hedge exposure on fi<span class=\"ls27c ws291\">xed rate f<span class=\"_ _d\"></span>inancial liab<span class=\"_ _1\"></span>ilities caused by movements in market<span class=\"_ _458\"> </span></span><span class=\"ls27c ws291\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2b0 gs3bf\">rates of interest.<span class=\"_ _458\"> </span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs3c0\">At 31 March 2025, the fair value of these derivatives is a net liability of \u00a339m (2023/24: net liability of \u00a332<span class=\"_ _6\"></span>m). Interest<span class=\"_ _458\"> </span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs3c1\">rate swaps with a fair value asset of \u00a38m have been desi<span class=\"_ _6\"></span><span class=\"ls299 ws2a3\">gnated as fair value hedges under IFRS 9 (2023/24: liability<span class=\"_ _458\"> </span></span><span class=\"ls299 ws2a3\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls29a ws2ad gs3c2\">of \u00a32m).<span class=\"_ _458\"> </span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a3 ws2b1 gs3c3\">The cross-currenc<span class=\"_ _6\"></span>y swaps of the 2<span class=\"_ _6\"></span>025/202<span class=\"ls273 ws288\">6 US Private P<span class=\"_ _6\"></span>lacements fully hedge the foreign exchange exposu<span class=\"_ _6\"></span>re at an<span class=\"_ _458\"> </span></span><span class=\"ls273 ws288\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs3c4\">average floating rate of 150 basis points above SONIA. Th<span class=\"ls273 ws288\">ese have be<span class=\"_ _d\"></span>en designated as fair value hedges of the US<span class=\"_ _458\"> </span></span><span class=\"ls273 ws288\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27e ws293 gs3c5\">Private Placements.<span class=\"_ _458\"> </span> </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls29f ws2dd gs3c6\">Interest rate profile \u2013 including effect of derivatives </div><div class=\"gs3c7\"><table class=\"s w7da h202\" id=\"_6c030420-27ae-4e7c-b091-c2a0b4011216\"><tr><td></td><td class=\"t m0 x273 h19e y3977 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3977 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3978 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3978 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3770 w7db h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">Fixed or capped rate<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0e y3770 w6d1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">2,647<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0f y3770 w6d2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws1\">2,081<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xc0e y3655 w6d1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">2,647<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0f y3655 w6d2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws1\">2,081<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs3c8\">All the debt is effectively Sterling denominated except for <span class=\"ls27d ws292\">\u00a333m of<span class=\"_ _6\"></span> USD debt of which \u00a333m is at a variable <span class=\"_ _6\"></span>rate<span class=\"_ _458\"> </span></span><span class=\"ls27d ws292\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a2 ws25a gs3c9\">(2023/24: \u00a330m).<span class=\"_ _458\"> </span><span class=\"_ _6\"></span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws25b gs3ca\">At 31 March 2025 the weighted average interest rate of<span class=\"ls288 ws295\"> the Sterling fixed rate debt is 4.3% (2023/24: 4.2%).<span class=\"_ _458\"> </span></span><span class=\"ls288 ws295\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls26f ws284 gs3cb\">The weighted average period for which the rate <span class=\"ls272 ws287\">is fi<span class=\"_ _d\"></span>x<span class=\"_ _1\"></span>ed is 5.5 years <span class=\"_ _6\"></span>(2023/24: 6.3 years). </span><span class=\"ls272 ws287\"> </span></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls37c ws483 gs3cc\">Sensitivity table \u2013 market rate movements </div><div class=\"gs3cd\"><table class=\"s w7dc h211\" id=\"_7142db2d-89d0-4f13-8774-818764fcdbc9\"><tr><td></td><td class=\"c n xc10 y3979 w28 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xc11 y3979 w29 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f5 ws484\">2024<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n xc12 y397a w7dd h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls2ee ws485\">Increase<span class=\"_ _458\"> </span></div></td><td class=\"c n xc13 y397a w7de h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls2ee ws485\">Decrease<span class=\"_ _458\"> </span></div></td><td class=\"c n xc14 y397a w7df h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fb ws486\">Increase<span class=\"_ _458\"> </span></div></td><td class=\"c n xc15 y397a w7e0 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fb ws486\">Decrease<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y397b w7e1 h1d6\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Movement in interest rates (bps)</div><div class=\"t m0 x5fc h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xc16 y397b w2ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws487\">100<span class=\"_ _458\"> </span></div></td><td class=\"c n xc17 y397b w7e2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws487\">(100)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc18 y397b w45 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws20e\">100<span class=\"_ _458\"> </span></div></td><td class=\"c n xc19 y397b w7e3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws20e\">(100)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f5 w7e4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Impact on underlying annual profit (\u00a3m)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1a y36f5 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1b y36f5 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1c y36f5 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws23b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1d y36f5 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws23b\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y38cc w7e5 h1d9\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws488\">Movement in mediu<span class=\"_ _1\"></span>m and long term swap rate<span class=\"_ _1\"></span>s (bps)</div><div class=\"t m0 xc1e h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1f y38cc w7e6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws489\">424<span class=\"_ _458\"> </span></div></td><td class=\"c n xc20 y38cc w7e7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws489\">(424)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc21 y38cc w7e8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws48a\">424<span class=\"_ _458\"> </span></div></td><td class=\"c n xc22 y38cc w546 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws48a\">(424)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y397c ff43 fs151 fc18 sc0 ls20a ws20f\">Impact on cash flow hedge and non-he<span class=\"_ _1\"></span>dge accounted derivative </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3655 w7e9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">valuations (\u00a3m)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc23 y3655 w422 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws48b\">164<span class=\"_ _458\"> </span></div></td><td class=\"c n xc24 y3655 w7ea h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws48b\">(185)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc25 y3655 w7eb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws48c\">189<span class=\"_ _458\"> </span></div></td><td class=\"c n xc26 y3655 w7ec h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws48c\">(203)<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls228 ws245 gs3ce\">1. <span class=\"_ _24\"> </span>The movement used for sensitivity analysis<span class=\"ls225 ws244\"> is a 1% change in interest rates. </span><span class=\"ls225 ws244\"><span class=\"_ _6\"></span> </span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22a ws246 gs3cf\">2. This movement used for sensitivity analys<span class=\"ls268 ws27e\">is represents the large<span class=\"_ _6\"></span>st annual change in <span class=\"ls225 ws244\">the seven-year Sterling swap rate<span class=\"_ _d\"></span> over t<span class=\"ls22e\">he last<span class=\"_ _458\"> </span></span></span></span><span class=\"ls268 ws27e\"><span class=\"ls225 ws244\"><span class=\"ls22e\"> </span></span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls1 ws48 gs3d0\">10 years.<span class=\"_ _458\"> </span> </div>Foreign currency risk management The Group\u2019s policy is to have no material unhedged net assets or liabilities de<span class=\"ls27c\">nominated in foreign currencies. The </span>currency risk <span class=\"_ _6\"></span>on overseas investmen<span class=\"_ _6\"></span>ts may be hedged v<span class=\"_ _6\"></span>i<span class=\"ls299 ws2a3\">a foreign currency denominated <span class=\"ls275 ws28a\">borrowings and derivatives. </span></span>The Group has adopted net investment hedging in accordance with IFRS 9 and therefore the portion of the gain or loss on any hedging inst<span class=\"_ _6\"></span>rument that is deter<span class=\"_ _6\"></span>mined to be an effe<span class=\"_ _d\"></span><span class=\"ls289 ws29b\">ctive hedge is recognised directly in equity. The ineffective </span>portion of the gain or loss on any hedging instrument<span class=\"ls27c\"> is recognised immediately <span class=\"ls26f ws284\">in the income sta<span class=\"_ _d\"></span>tement. </span></span>The table below shows the carrying amounts of the<span class=\"_ _6\"></span> Group\u2019s foreign currency<span class=\"ls27c ws291\"> denominated assets and liabilities. </span>Provided contingent tax on overseas in<span class=\"ls27c ws291\">vestments is not expected to <span class=\"_ _6\"></span>occur it will be ignored for hedging purposes. </span>Based on the 31 March 2025 position, a 28% appreciation (lar<span class=\"_ _1\"></span>gest annual change over the last 10 years) in the USD relative to Sterling would result in a \u00a31m ch<span class=\"ls27d ws292\">ange (2023/24: \u00a32m) in<span class=\"ls37d ws48d\"> re<span class=\"_ _6\"></span>ported profits<span class=\"_ _6\"></span>. </span></span><table class=\"s w2fb h212\" id=\"_ff92adfb-8691-45e8-883f-f18c6cea5a0a\"><tr><td></td><td class=\"c xc28 y397e w7ed h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls37e ws48e\">Assets</div><div class=\"t m0 xc27 h72 y397d ff43 fs63 fc18 sc0 ls1 ws1\">1</div></td><td></td><td class=\"t m0 x57e h19e y397f ff43 fs150 fc18 sc0 ls259 ws48f\">  <span class=\"_ _2f\"></span>Liabilities </td><td></td></tr><tr><td></td><td class=\"t m0 x53e h19e y3980 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 xc29 h19e y3980 ff43 fs150 fc18 sc0 ls1f5 ws1\">2024 </td><td class=\"t m0 x559 h19e y3980 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x541 h19e y3980 ff43 fs150 fc18 sc0 ls1f5 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x58a h19e y3981 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d9 h19e y3981 ff43 fs150 fc18 sc0 ls25b ws3bd\">\u00a3m  </td><td class=\"t m0 x321 h19e y3981 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x55a h19e y3981 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3655 w7ee h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">USD denominated<span class=\"_ _458\"> </span></div></td><td class=\"c n xc2a y3655 wd5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls319 ws1\">35<span class=\"_ _458\"> </span></div></td><td class=\"c n xc2b y3655 w27e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls201 ws490\">37<span class=\"_ _458\"> </span></div></td><td class=\"c n xc2c y3655 wcd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">33<span class=\"_ _458\"> </span></div></td><td class=\"c n x290 y3655 w16b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws1\">30<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>The USD denominated asset of \u00a335m (2023/24: \u00a337m) is<span class=\"_ _d\"></span> an othe<span class=\"ls311 ws37f\">r investment accounted for as fa<span class=\"ls248 ws249\">ir value throu<span class=\"_ _6\"></span>gh profit of loss </span></span>as disclosed in Note 12. The remaining \u00a36m (2<span class=\"_ _6\"></span>023/24: \u00a39m) other<span class=\"ls228 ws245\"> investment accounted for as fair value through profit or los<span class=\"_ _6\"></span>s </span>is a Sterling denominat<span class=\"ls310 ws335\">ed other investment. </span>Credit risk management The Group\u2019s approach to credit risk mana<span class=\"_ _6\"></span><span class=\"ls24a ws258\">gement of counterparties is referred to in Financial policies and principles on </span>pages 44 to 46 and the risks addressed within Managing risk <span class=\"_ _d\"></span><span class=\"ls275 ws28a\">in delivering our strategy on pages 47 to 58. The carrying </span>amount of financial assets recorded in the financial statemen<span class=\"ls299 ws2a3\">ts represents the Group\u2019s maxi<span class=\"ls29b ws2de\">mum exposure to<span class=\"ls273 ws288\"> credit risk </span></span></span>without taking account of the value of any collateral obtained. Banks and financial institutions Cash and cash equivalents at 31 March 2025 amounted to \u00a357m (2023/24: \u00a388m). Cash and cash equivalents were placed with financial institutions with BBB+ or better credit ratings. At 31 March 2025, the fair value of all interest <span class=\"ls24a ws258\">rate derivative assets was \u00a382m (2023/24: \u00a399m). </span>At 31 March 2025, prior to taking into account any o<span class=\"_ _1\"></span>ffset ar<span class=\"ls249 ws28e\">rangements, the largest combined <span class=\"_ _6\"></span><span class=\"ls2a3 ws2b1\">credit exposure<span class=\"_ _6\"></span> to a single </span></span>counterparty arising from money market <span class=\"ls28b ws259\">deposits, liquid investments and derivatives was \u00a342<span class=\"_ _6\"></span>m (2023/24: \u00a334m). <span class=\"_ _6\"></span>This </span>represents 0.<span class=\"_ _1\"></span>5% (2023/24: 0.4%) of gross assets. The deposit exposures are with UK banks and UK branc<span class=\"_ _6\"></span>hes of international banks. Trade debtors Trade debtors are presented net of provisions for impairment<span class=\"_ _6\"></span><span class=\"ls276 ws28c\"> for expected credit losses. E<span class=\"_ _d\"></span>x<span class=\"_ _1\"></span>pected credit lo<span class=\"_ _6\"></span>sses are </span>calculated on initial recognition of trade debtors and subseq<span class=\"ls249 ws28e\">uently in accordance with IFRS <span class=\"_ _6\"></span>9, taking into account </span>historic and forward-looking information.  Tenant incentives Tenant incentives and the associated tenant incentive provisions<span class=\"_ _1\"></span> for impairment for expected credit losses are both recognised within investment property. Expected credit losses<span class=\"ls299 ws2a3\"> are calculated on initial recognition of tenant incentives </span>and subsequently i<span class=\"_ _6\"></span>n accordance with IF<span class=\"_ _6\"></span>RS 9, taking in<span class=\"_ _d\"></span><span class=\"ls360 ws2cb\">to acco<span class=\"_ _1\"></span>unt historic and forw<span class=\"ls299 ws2a3\">ard-looking information.  </span></span><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls29f ws2dd gs3f6\">Liquidity risk management<span class=\"_ _458\"> </span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls288 ws295 gs3f7\">The Group\u2019s approach to liquidity risk management is d<span class=\"_ _d\"></span>iscu<span class=\"ls270 ws285\">ssed in Financial policies and principles on pages 44 to 46,<span class=\"_ _458\"> </span></span><span class=\"ls270 ws285\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs3f8\">and the risks addressed within Managing risk in<span class=\"ls288 ws295\"> delivering our strategy on pages 47 to 58.<span class=\"_ _458\"> </span></span><span class=\"ls288 ws295\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs3f9\">The following table presents a maturity pr<span class=\"ls26f ws284\">ofile of the contracted undiscounted cash<span class=\"ls288 ws295\"> flows of financial liabilities based on<span class=\"_ _458\"> </span></span></span><span class=\"ls26f ws284\"><span class=\"ls288 ws295\"> </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs3fa\">the earliest date on which the Group can be required to pay.<span class=\"ls27c ws291\"> The table includes both interest and<span class=\"_ _6\"></span> principal flows. Where<span class=\"_ _458\"> </span></span><span class=\"ls27c ws291\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls29b ws1fd gs3fb\">the interest payable is not fi<span class=\"_ _d\"></span>xed, the amount disclosed has b<span class=\"ls27e ws293\">een determined by refe<span class=\"_ _6\"></span>rence to the projected interest rates<span class=\"_ _458\"> </span></span><span class=\"ls27e ws293\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs3fc\">implied by yield curves at the reporting date. For derivative <span class=\"_ _6\"></span><span class=\"ls28d ws29a\">financial instruments that<span class=\"_ _6\"></span> settle on a net basis (e.g<span class=\"_ _6\"></span>. interest<span class=\"_ _458\"> </span></span><span class=\"ls28d ws29a\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls277 ws28d gs3fd\">rate swaps) the undiscounted net cash flows are shown and <span class=\"ls24a ws258\">for derivatives that require gross settlement (e.g. cross-<span class=\"_ _458\"> </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws28e gs3fe\">currency swaps) the undiscounted gross ca<span class=\"_ _d\"></span><span class=\"ls29b ws1fd\">sh flows are presented. Where payment <span class=\"_ _6\"></span><span class=\"ls24a ws258\">obligations are in foreign currencies,<span class=\"_ _458\"> </span></span></span><span class=\"ls29b ws1fd\"><span class=\"ls24a ws258\"> </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs3ff\">the spot exchange rate ruling at the balance sheet date is<span class=\"_ _6\"></span><span class=\"ls27d ws292\"> used. Trade creditors which ar<span class=\"ls289 ws29b\">e repayable within one year<span class=\"_ _458\"> </span></span></span><span class=\"ls27d ws292\"><span class=\"ls289 ws29b\"> </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls273 ws288 gs400\">have been excluded from the analysis.<span class=\"_ _458\"> </span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs401\">The Group expects to meet its financial liabilities through the va<span class=\"ls299 ws2a3\">rious available liquidity sources, including a secure rental<span class=\"_ _458\"> </span></span><span class=\"ls299 ws2a3\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs402\">income profile, asset sales, undrawn committed borrowing fa<span class=\"ls272\">cilities and, in the longer term, debt refinancings.<span class=\"_ _458\"> </span></span><span class=\"ls272\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs403\">The future aggregate minimum rentals receivable under non-ca<span class=\"ls272 ws287\">ncellable operating leases are shown in the table on the<span class=\"_ _458\"> </span></span><span class=\"ls272 ws287\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs404\">following page. Income from joint ventures <span class=\"ls274 ws289\">is not included. Additional liquidity will</span> arise from letting space in properties<span class=\"_ _458\"> </span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2b1 ws2ba gs405\">under construction as well as from distr<span class=\"_ _1\"></span>ibutions received from joint ventures. </div><div class=\"gs406\"><table class=\"s w7ef h213\" id=\"_cc39b25e-c7e2-4a2d-8b2b-a17f786c7045\"><tr><td></td><td></td><td></td><td class=\"t m0 xc2d h19e y3982 ff42 fs150 fc16 sc0 ls1 ws1\"> <span class=\"_ _334\"> </span><span class=\"ls1f4\">2025</span><span class=\"ls1f4\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x24b h19e y3983 ff42 fs150 fc16 sc0 ls258 ws1\">Within one </td><td class=\"t m0 xa30 h19e y3983 ff42 fs150 fc16 sc0 ls1fd ws1\">Following </td><td class=\"t m0 x605 h19e y3983 ff42 fs150 fc16 sc0 ls25c ws491\">Three to five </td><td class=\"t m0 xc2e h19e y3983 ff42 fs150 fc16 sc0 ls1f6 ws474\">Over five </td><td></td></tr><tr><td></td><td class=\"t m0 x562 h19e y3984 ff42 fs150 fc16 sc0 ls321 ws1\">year </td><td class=\"t m0 xc2f h19e y3984 ff42 fs150 fc16 sc0 ls321 ws1\">year </td><td class=\"t m0 xc29 h19e y3984 ff42 fs150 fc16 sc0 ls1fa ws1\">years </td><td class=\"t m0 xae5 h19e y3984 ff42 fs150 fc16 sc0 ls1fa ws1\">years </td><td class=\"t m0 x274 h19e y3984 ff42 fs150 fc16 sc0 ls1f4 ws1\">Total </td></tr><tr><td></td><td class=\"t m0 x589 h19e y3985 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x58a h19e y3985 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d9 h19e y3985 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1da h19e y3985 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3985 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td></tr><tr><td class=\"c x1dc y3938 w7f0 h1d6\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws481\">Gross debt</div><div class=\"t m0 xc30 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xc31 y3938 w7f1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws492\">337<span class=\"_ _458\"> </span></div></td><td class=\"c n xc32 y3938 w95 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws492\">105<span class=\"_ _458\"> </span></div></td><td class=\"c n xc33 y3938 w7f2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws492\">1,374<span class=\"_ _458\"> </span></div></td><td class=\"c n xc34 y3938 w6b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws492\">937<span class=\"_ _458\"> </span></div></td><td class=\"c n xc35 y3938 w7f3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws492\">2,753<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3915 w7f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">Interest on debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xc36 y3915 w7f5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws493\">129<span class=\"_ _458\"> </span></div></td><td class=\"c n xc37 y3915 w7f6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws493\">110<span class=\"_ _458\"> </span></div></td><td class=\"c n xc38 y3915 w7f7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws493\">272<span class=\"_ _458\"> </span></div></td><td class=\"c n xc39 y3915 w7f8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws493\">195<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3a y3915 w7f9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws493\">706<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y386f w7fa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws2f9\">Derivative payments<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3b y386f w7fb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws494\">93<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3c y386f w7fc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws494\">66<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3d y386f w175 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws494\">31<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3e y386f w7c2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws494\">14<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3f y386f w7fd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws494\">204<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y365d w7fe h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Lease liability payments<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c9 y365d w3ec h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws495\">9<span class=\"_ _458\"> </span></div></td><td class=\"c n xc40 y365d w7ff h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws495\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n xc41 y365d w3f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws495\">30<span class=\"_ _458\"> </span></div></td><td class=\"c n xc42 y365d w800 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws495\">319<span class=\"_ _458\"> </span></div></td><td class=\"c n xc43 y365d w1f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws495\">368<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3848 w801 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">Total payments<span class=\"_ _458\"> </span></div></td><td class=\"c n xc44 y3848 w802 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws496\">568<span class=\"_ _458\"> </span></div></td><td class=\"c n xc45 y3848 w800 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws496\">291<span class=\"_ _458\"> </span></div></td><td class=\"c n xc46 y3848 w803 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws496\">1,70<span class=\"_ _1\"></span>7<span class=\"_ _458\"> </span></div></td><td class=\"c n xc47 y3848 w804 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws496\">1,465<span class=\"_ _458\"> </span></div></td><td class=\"c n xc48 y3848 w805 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws496\">4,031<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y365e w806 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Derivative receipts<span class=\"_ _458\"> </span></div></td><td class=\"c n xc49 y365e w807 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws497\">(117<span class=\"_ _1\"></span>)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4a y365e w808 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws497\">(81)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4b y365e w5a1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws497\">(18)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4c y365e w809 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws497\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4d y365e w80a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws497\">(220)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y374f w80b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">Net payment<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4e y374f w80c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws498\">451<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4f y374f w80d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws498\">210<span class=\"_ _458\"> </span></div></td><td class=\"c n xc50 y374f w80e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws498\">1,689<span class=\"_ _458\"> </span></div></td><td class=\"c n xb5e y374f w5b6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws498\">1,461<span class=\"_ _458\"> </span></div></td><td class=\"c n xc51 y374f w80f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws498\">3,811<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w810 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Operating leases with tenants<span class=\"_ _458\"> </span></div></td><td class=\"c n xc52 y3653 w5ba h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws499\">307<span class=\"_ _458\"> </span></div></td><td class=\"c n xc53 y3653 w811 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws499\">271<span class=\"_ _458\"> </span></div></td><td class=\"c n xc54 y3653 w812 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws499\">583<span class=\"_ _458\"> </span></div></td><td class=\"c n xc55 y3653 w813 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws499\">584<span class=\"_ _458\"> </span></div></td><td class=\"c n xc56 y3653 w814 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws499\">1,745<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b7 w815 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Liquidity (deficit) surplus<span class=\"_ _458\"> </span></div></td><td class=\"c n xc57 y36b7 w816 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws49a\">(144)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc58 y36b7 w817 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws49a\">61<span class=\"_ _458\"> </span></div></td><td class=\"c n xc59 y36b7 w818 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws49a\">(1,106)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5a y36b7 w819 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws49a\">(877)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5b y36b7 w81a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws49a\">(2,066)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w81b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws255\">Cumulative liquidity deficit<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5c y3655 w81c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws49b\">(144)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5d y3655 w7a9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws49b\">(83)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5e y3655 w81d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws49b\">(1,189)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5f y3655 w81e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws49b\">(2,066)</div></td><td></td></tr></table></div><div class=\"gs407\"><table class=\"s w81f h214\" id=\"_70ab8d4d-72c3-4744-a06f-b14bafa08184\"><tr><td></td><td></td><td></td><td class=\"t m0 xc2d h19e y3986 ff42 fs150 fc16 sc0 ls1 ws1\"> <span class=\"_ _334\"> </span><span class=\"ff43 fc18 ls234\">2024</span><span class=\"ff43 fc18 ls234\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x1cf h19e y3987 ff43 fs150 fc18 sc0 ls337 ws49c\">Within one </td><td class=\"t m0 x6eb h19e y3983 ff43 fs150 fc18 sc0 ls331 ws1\">Following<span class=\"_ _6\"></span> </td><td class=\"t m0 x44c h19e y3988 ff43 fs150 fc18 sc0 ls25e ws315\">Three to five </td><td class=\"t m0 xc2e h19e y3989 ff43 fs150 fc18 sc0 ls25f ws383\">Over five </td><td></td></tr><tr><td></td><td class=\"t m0 x562 h19e y398a ff43 fs150 fc18 sc0 ls337 ws1\">year </td><td class=\"t m0 x1d8 h19e y3984 ff43 fs150 fc18 sc0 ls337 ws1\">year </td><td class=\"t m0 xc29 h19e y398b ff43 fs150 fc18 sc0 ls25e ws1\">years </td><td class=\"t m0 xae5 h19e y398c ff43 fs150 fc18 sc0 ls25e ws1\">years </td><td class=\"t m0 x1d4 h19e y398c ff43 fs150 fc18 sc0 ls1ff ws1\">Total </td></tr><tr><td></td><td class=\"t m0 x589 h19e y3985 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x58a h19e y398d ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1d9 h19e y398e ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1da h19e y398f ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y398f ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c x1dc y3938 w7f0 h1d6\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws481\">Gross debt</div><div class=\"t m0 xc30 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xc60 y3938 w820 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws49d\">12<span class=\"_ _458\"> </span></div></td><td class=\"c n xc61 y3938 w821 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws49d\">318<span class=\"_ _458\"> </span></div></td><td class=\"c n xc62 y3938 w822 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws49d\">999<span class=\"_ _458\"> </span></div></td><td class=\"c n xc63 y3938 w823 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws49d\">911<span class=\"_ _458\"> </span></div></td><td class=\"c n xc64 y3938 w824 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws49d\">2,240<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3915 w825 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">Interest on debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xc65 y3915 w826 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">112<span class=\"_ _458\"> </span></div></td><td class=\"c n xc66 y3915 w26c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">101<span class=\"_ _458\"> </span></div></td><td class=\"c n xc67 y3915 w23b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">223<span class=\"_ _458\"> </span></div></td><td class=\"c n xc68 y3915 w826 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">211<span class=\"_ _458\"> </span></div></td><td class=\"c n xc69 y3915 w827 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">647<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y386f w828 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">Derivative <span class=\"_ _2bd\"></span>payments<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6a y386f w4fa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">15<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6b y386f w829 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">93<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6c y386f w11c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">88<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6d y386f w60e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">17<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c8 y386f w82a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">213<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y365d w82b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Lease liability payments<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6e y365d wb7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6f y365d w82c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n xc70 y365d w82d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">30<span class=\"_ _458\"> </span></div></td><td class=\"c n xc71 y365d w82e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">342<span class=\"_ _458\"> </span></div></td><td class=\"c n xc72 y365d w82f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">392<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3848 w830 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">Total payments<span class=\"_ _458\"> </span></div></td><td class=\"c n xc73 y3848 w831 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">149<span class=\"_ _458\"> </span></div></td><td class=\"c n xc74 y3848 w832 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">522<span class=\"_ _458\"> </span></div></td><td class=\"c n xc75 y3848 w833 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">1,340<span class=\"_ _458\"> </span></div></td><td class=\"c n xc76 y3848 w834 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">1,481<span class=\"_ _458\"> </span></div></td><td class=\"c n xc77 y3848 w835 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">3,492<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y365e w836 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">Derivative receipts<span class=\"_ _458\"> </span></div></td><td class=\"c n xc78 y365e w837 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">(56)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc79 y365e w5ff h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">(103)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7a y365e w63 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">(85)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7b y365e w838 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7c y365e w839 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">(245)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y374f w80b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">Net payment<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7d y374f w641 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws49f\">93<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7e y374f w83a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws49f\">419<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7f y374f w83b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws49f\">1,255<span class=\"_ _458\"> </span></div></td><td class=\"c n xc80 y374f w83c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws49f\">1,480<span class=\"_ _458\"> </span></div></td><td class=\"c n xc81 y374f w83d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws49f\">3,247<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w83e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Operating leases with tenan<span class=\"ls243 ws4a0\">ts<span class=\"_ _458\"> </span></span></div></td><td class=\"c n xc82 y3653 w3f0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws4a0\">260<span class=\"_ _458\"> </span></div></td><td class=\"c n xc83 y3653 w83f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws4a0\">234<span class=\"_ _458\"> </span></div></td><td class=\"c n xc84 y3653 w840 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws4a0\">503<span class=\"_ _458\"> </span></div></td><td class=\"c n x27e y3653 w1c9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws4a0\">556<span class=\"_ _458\"> </span></div></td><td class=\"c n xc85 y3653 w841 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws4a0\">1,553<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b7 w842 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Liquidity surplus (deficit)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc86 y36b7 w843 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">167<span class=\"_ _458\"> </span></div></td><td class=\"c n xc87 y36b7 w844 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(185)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc88 y36b7 w845 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(752)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc89 y36b7 w846 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(924)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8a y36b7 w847 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(1,694)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w848 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20b ws219\">Cumulative liquidity surplus (deficit)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8b y3655 w38f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4a1\">167<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8c y3655 w849 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4a1\">(18)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8d y3655 w84a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4a1\">(770)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8e y3655 w84b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4a1\">(1,694)<span class=\"_ _458\"> </span></div></td><td></td></tr></table></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls226 ws151 gs408\">1. <span class=\"_ _24\"> </span>Gross debt of \u00a32,728m (2023/24: \u00a32,212m) represents the<span class=\"_ _d\"></span> total of \u00a32,753m (2023/24: \u00a32,240m)<span class=\"ls311 ws37f\">, less unamortis<span class=\"_ _d\"></span>ed issue costs of<span class=\"ls9c ws1\"> \u00a317m<span class=\"_ _458\"> </span></span></span><span class=\"ls311 ws37f\"><span class=\"ls9c ws1\"> </span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22f ws24b gs409\">(2023/24: \u00a310m), less fair value adjustm<span class=\"ls248 ws249\">ents to debt of<span class=\"_ _6\"></span> \u00a38m (2023/24: \u00a318m).<span class=\"_ _458\"> </span></span><span class=\"ls248 ws249\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs40b\">Any short term liquidity gap between the net payments requ<span class=\"ls24d ws25b\">ired and the rentals receivable can be met through other<span class=\"_ _458\"> </span></span><span class=\"ls24d ws25b\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs40c\">liquidity sources available to the Group, such as committed undrawn borrowing facilities of<span class=\"ls2b5 ws2bd\"> \u00a31,<span class=\"_ _6\"></span>775m (2023/24: \u00a3<span class=\"_ _6\"></span>1,845m)<span class=\"_ _458\"> </span></span><span class=\"ls2b5 ws2bd\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs40d\">and cash and cash equivalents of \u00a357m (2023/24: \u00a388m), of <span class=\"ls2a1 ws252\">which \u00a321m (2023/24: \u00a358m) is not subject to a security<span class=\"_ _458\"> </span></span><span class=\"ls2a1 ws252\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws25b gs40e\">interest. As a result, the Group has no requirement to refinance until late 20<span class=\"_ _1\"></span>28. Further liquidity can be achieved through<span class=\"_ _458\"> </span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls29b ws1fd gs40f\">sales of property assets o<span class=\"_ _6\"></span>r investments and finan<span class=\"_ _6\"></span>cing activity.<span class=\"_ _458\"> </span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs410\">The Group\u2019s property portfolio is valued externally at \u00a36<span class=\"ls249 ws28e\">,065m <span class=\"_ _6\"></span>(2023/24: \u00a35,130m) and the share<span class=\"_ _6\"></span> of joint ventures\u2019<span class=\"_ _458\"> </span></span><span class=\"ls249 ws28e\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27d ws292 gs411\">property is valued at \u00a33,421m (2023/24: \u00a33,568m). <span class=\"_ _6\"></span>The co<span class=\"ls272 ws287\">mmitted undrawn borrowing facilities available to the Group<span class=\"_ _458\"> </span></span><span class=\"ls272 ws287\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs412\">are a further source of liquidity. The maturity profile of committed undrawn borrowing facilities is shown below<span class=\"_ _6\"></span>.<span class=\"_ _458\"> </span> </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls29f ws2dd gs413\">Maturity of committed und<span class=\"ls381 ws4a2\">rawn borrowing facilities</span><span class=\"ls381 ws4a2\"> </span></div><div class=\"gs414\"><table class=\"s w84c h215\" id=\"_2f501ddf-efff-4874-b164-73a411d8a6c1\"><tr><td></td><td class=\"t m0 x273 h19e y3990 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3990 ff43 fs150 fc18 sc0 ls1f5 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3991 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3991 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3992 w84d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">Maturity date: <span class=\"_ _3\"></span>over five years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8f y3992 w4cf h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">140<span class=\"_ _458\"> </span></div></td><td class=\"c n xc90 y3992 w84e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">145<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n xc91 y3993 w84f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">between four and five years<span class=\"_ _458\"> </span></div></td><td class=\"c n x2c5 y3993 w850 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws1\">1,055<span class=\"_ _458\"> </span></div></td><td class=\"c n x2a7 y3993 w463 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">310<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n xc91 y3994 w851 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">between three and four years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc92 y3994 wa4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n xc93 y3994 w11a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws1\">149<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3995 w852 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Total facilities available for more than three years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc94 y3995 w853 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws1\">1,201<span class=\"_ _458\"> </span></div></td><td class=\"c n xc95 y3995 w45a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls222 ws1\">604<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3996 w854 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws2f9\">Between two and three years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc96 y3996 wd2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls200 ws1\">24<span class=\"_ _458\"> </span></div></td><td class=\"c n xc97 y3996 w855 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws1\">450<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3997 w856 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws2f9\">Between one and two years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc98 y3997 w857 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">450<span class=\"_ _458\"> </span></div></td><td class=\"c n xc99 y3997 w1c9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls219 ws1\">625<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3998 w858 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Within one year<span class=\"_ _458\"> </span></div></td><td class=\"c n xc9a y3998 w2ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">100<span class=\"_ _458\"> </span></div></td><td class=\"c n xc9b y3998 w859 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws1\">166<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3999 w26d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n xc9c y3999 w85a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">1,775<span class=\"_ _458\"> </span></div></td><td class=\"c n xc9d y3999 w85b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws1\">1,845</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-546": {
   "value": "Fair value hierarchy<span class=\"_ _458\"> </span>The table below provides an analysis of financial instruments carried at fair value, by the valuation method. The<span class=\"_ _6\"></span> fair<span class=\"_ _458\"> </span>value hierarchy levels are defined in Note 10.<table class=\"s w7a7 h20e\" id=\"_93273961-a5e3-401d-9b3c-d870ea9db155\"><tr><td></td><td></td><td class=\"c n xbbc y37f4 w1c2 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td class=\"c n xbbd y37f4 w29 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f5 ws473\">2024<span class=\"_ _458\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xb62 h19e y395d ff42 fs150 fc16 sc0 ls1f6 ws474\">Level 1 </td><td class=\"t m0 x608 h19e y395d ff42 fs150 fc16 sc0 ls37b ws475\">Level 2 </td><td class=\"t m0 x1cf h19e y395d ff42 fs150 fc16 sc0 ls330 ws36d\">Level 3 </td><td class=\"t m0 x3ef h19e y395d ff42 fs150 fc16 sc0 ls1f4 ws1\">Total </td><td class=\"t m0 xbbe h19e y395d ff43 fs150 fc18 sc0 ls343 ws476\">Level 1 </td><td class=\"t m0 xbbf h19e y395d ff43 fs150 fc18 sc0 ls341 ws3d4\">Level 2 </td><td class=\"t m0 x559 h19e y395d ff43 fs150 fc18 sc0 ls336 ws382\">Level 3 </td><td class=\"t m0 x1d4 h19e y395d ff43 fs150 fc18 sc0 ls1ff ws1\">Total </td></tr><tr><td></td><td class=\"t m0 xbc0 h19e y395e ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d6 h19e y395e ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 xa34 h19e y395e ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 xbc1 h19e y395e ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x337 h19e y395e ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x44f h19e y395e ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x339 h19e y395e ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y395e ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"t m0 x20e h19f y395f ff43 fs151 fc18 sc0 ls205 ws20b\">Interest rate and currency </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3960 w7a8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">derivative assets<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc2 y3960 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws477\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc3 y3960 w7a9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws477\">(82)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc4 y3960 w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws477\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc5 y3960 w7a9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws477\">(82)<span class=\"_ _458\"> </span></div></td><td class=\"c n x3da y3960 w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws478\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc6 y3960 w64f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws478\">(99)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc7 y3960 w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws478\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xaaf y3960 w64f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws478\">(99)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3961 w7aa h1d3\"><div class=\"t m0 x1c8 h19f y3635 ff43 fs151 fc18 sc0 ls20a ws255\">Other investments \u2013 fair value <span class=\"_ _1\"></span>through<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">profit or loss (Note 12)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc8 y3962 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws479\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc9 y3962 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws479\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbca y3962 w7ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws479\">(41)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbcb y3962 w7ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws479\">(41)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbcc y3962 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws47a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbcd y3962 w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws47a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbce y3962 w4ea h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws47a\">(46)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbcf y3962 w4ea h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws47a\">(46)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3963 w7ac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls213 ws1\">Assets<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd0 y3963 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws47b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd1 y3963 w49 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws47b\">(82)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd2 y3963 w7ad h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws47b\">(41)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd3 y3963 w36 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws47b\">(123)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd4 y3963 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws47c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd5 y3963 w7ae h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws47c\">(99)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd6 y3963 w7af h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws47c\">(46)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd7 y3963 w7b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws47c\">(145)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3964 ff43 fs151 fc18 sc0 ls205 ws20b\">Interest rate and currency </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y3965 ff43 fs151 fc18 sc0 ls20e ws219\">derivative liabilities </td><td class=\"c n xbc8 y3750 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd8 y3750 w641 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd9 y3750 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbda y3750 w7b1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n xbdb y3750 w22e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbdc y3750 w7b2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">56<span class=\"_ _458\"> </span></div></td><td class=\"c n xbdd y3750 w22e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbde y3750 w7b3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">56<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3654 w7b4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws1\">Liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n xbdf y3654 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe0 y3654 w7b1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe1 y3654 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe2 y3654 w7b5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe3 y3654 w22e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe4 y3654 w7b2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">56<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe5 y3654 w7b6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe6 y3654 w7b3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">56<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w26d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd0 y3655 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws47f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe7 y3655 w28c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws47f\">(24)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe8 y3655 w7b7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws47f\">(41)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe9 y3655 w7b8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws47f\">(65)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd4 y3655 w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws480\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbea y3655 w7b9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws480\">(43)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbeb y3655 w470 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws480\">(46)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbec y3655 w7ba h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws480\">(89)<span class=\"_ _458\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-552": {
   "value": "Fair value hierarchy<span class=\"_ _458\"> </span>The table below provides an analysis of financial instruments carried at fair value, by the valuation method. The<span class=\"_ _6\"></span> fair<span class=\"_ _458\"> </span>value hierarchy levels are defined in Note 10.<table class=\"s w7a7 h20e\" id=\"_93273961-a5e3-401d-9b3c-d870ea9db155\"><tr><td></td><td></td><td class=\"c n xbbc y37f4 w1c2 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td class=\"c n xbbd y37f4 w29 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f5 ws473\">2024<span class=\"_ _458\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xb62 h19e y395d ff42 fs150 fc16 sc0 ls1f6 ws474\">Level 1 </td><td class=\"t m0 x608 h19e y395d ff42 fs150 fc16 sc0 ls37b ws475\">Level 2 </td><td class=\"t m0 x1cf h19e y395d ff42 fs150 fc16 sc0 ls330 ws36d\">Level 3 </td><td class=\"t m0 x3ef h19e y395d ff42 fs150 fc16 sc0 ls1f4 ws1\">Total </td><td class=\"t m0 xbbe h19e y395d ff43 fs150 fc18 sc0 ls343 ws476\">Level 1 </td><td class=\"t m0 xbbf h19e y395d ff43 fs150 fc18 sc0 ls341 ws3d4\">Level 2 </td><td class=\"t m0 x559 h19e y395d ff43 fs150 fc18 sc0 ls336 ws382\">Level 3 </td><td class=\"t m0 x1d4 h19e y395d ff43 fs150 fc18 sc0 ls1ff ws1\">Total </td></tr><tr><td></td><td class=\"t m0 xbc0 h19e y395e ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d6 h19e y395e ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 xa34 h19e y395e ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 xbc1 h19e y395e ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x337 h19e y395e ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x44f h19e y395e ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x339 h19e y395e ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y395e ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"t m0 x20e h19f y395f ff43 fs151 fc18 sc0 ls205 ws20b\">Interest rate and currency </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3960 w7a8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">derivative assets<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc2 y3960 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws477\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc3 y3960 w7a9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws477\">(82)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc4 y3960 w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws477\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc5 y3960 w7a9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws477\">(82)<span class=\"_ _458\"> </span></div></td><td class=\"c n x3da y3960 w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws478\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc6 y3960 w64f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws478\">(99)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc7 y3960 w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws478\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xaaf y3960 w64f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws478\">(99)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3961 w7aa h1d3\"><div class=\"t m0 x1c8 h19f y3635 ff43 fs151 fc18 sc0 ls20a ws255\">Other investments \u2013 fair value <span class=\"_ _1\"></span>through<span class=\"_ _458\"> </span></div><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">profit or loss (Note 12)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc8 y3962 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws479\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbc9 y3962 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws479\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbca y3962 w7ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws479\">(41)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbcb y3962 w7ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws479\">(41)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbcc y3962 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws47a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbcd y3962 w1b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws47a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbce y3962 w4ea h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws47a\">(46)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbcf y3962 w4ea h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws47a\">(46)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3963 w7ac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls213 ws1\">Assets<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd0 y3963 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws47b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd1 y3963 w49 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws47b\">(82)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd2 y3963 w7ad h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws47b\">(41)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd3 y3963 w36 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws47b\">(123)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd4 y3963 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws47c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd5 y3963 w7ae h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws47c\">(99)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd6 y3963 w7af h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws47c\">(46)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd7 y3963 w7b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws47c\">(145)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3964 ff43 fs151 fc18 sc0 ls205 ws20b\">Interest rate and currency </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y3965 ff43 fs151 fc18 sc0 ls20e ws219\">derivative liabilities </td><td class=\"c n xbc8 y3750 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd8 y3750 w641 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd9 y3750 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbda y3750 w7b1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n xbdb y3750 w22e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbdc y3750 w7b2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">56<span class=\"_ _458\"> </span></div></td><td class=\"c n xbdd y3750 w22e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbde y3750 w7b3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">56<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3654 w7b4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws1\">Liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n xbdf y3654 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe0 y3654 w7b1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe1 y3654 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe2 y3654 w7b5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws47d\">58<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe3 y3654 w22e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe4 y3654 w7b2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">56<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe5 y3654 w7b6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe6 y3654 w7b3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws47e\">56<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w26d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd0 y3655 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws47f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe7 y3655 w28c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws47f\">(24)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe8 y3655 w7b7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws47f\">(41)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe9 y3655 w7b8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws47f\">(65)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbd4 y3655 w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws480\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xbea y3655 w7b9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws480\">(43)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbeb y3655 w470 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws480\">(46)<span class=\"_ _458\"> </span></div></td><td class=\"c n xbec y3655 w7ba h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws480\">(89)<span class=\"_ _458\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-553": {
   "value": "Capital risk management The capital structure of the Group consists of net debt and equity attributable to the equity holder<span class=\"_ _1\"></span>s of The <span class=\"_ _6\"></span>British Land Company PLC, comprising is<span class=\"_ _6\"></span>su<span class=\"ls24a ws258\">ed capital, reserves and retained earnings. Risks relating to capital structure are </span>addressed within Managing risk in delivering our strategy<span class=\"ls273 ws288\"> on pages 4<span class=\"_ _6\"></span>7 to 58. The Group\u2019s objectives, p<span class=\"_ _6\"></span>olicies and </span>processes for managing debt are set out in the Fina<span class=\"_ _d\"></span><span class=\"ls275 ws28a\">ncial policies and principles on pages 44 to 46.  </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-547": {
   "value": "Capital risk management The capital structure of the Group consists of net debt and equity attributable to the equity holder<span class=\"_ _1\"></span>s of The <span class=\"_ _6\"></span>British Land Company PLC, comprising is<span class=\"_ _6\"></span>su<span class=\"ls24a ws258\">ed capital, reserves and retained earnings. Risks relating to capital structure are </span>addressed within Managing risk in delivering our strategy<span class=\"ls273 ws288\"> on pages 4<span class=\"_ _6\"></span>7 to 58. The Group\u2019s objectives, p<span class=\"_ _6\"></span>olicies and </span>processes for managing debt are set out in the Fina<span class=\"_ _d\"></span><span class=\"ls275 ws28a\">ncial policies and principles on pages 44 to 46.  </span>Interest rate risk management The Group uses interest rate swaps and ca<span class=\"ls27c ws291\">ps to hedge exposure to th<span class=\"_ _6\"></span>e variability <span class=\"ls26f ws284\">in cash flows on floating rate debt, </span></span>such as revolving bank facilities, caused by movements in ma<span class=\"_ _6\"></span><span class=\"ls27d ws292\">rket rates of interest. The Gr<span class=\"ls29b ws1fd\">oup\u2019s ob<span class=\"_ _6\"></span>jectives and processes </span></span>for managing interest rate risk are set out in the Financial policies and<span class=\"_ _6\"></span> principles on pages 44 to 46. At 31 March 2025, the fair value of these<span class=\"_ _6\"></span> derivatives is a <span class=\"ls299 ws2a3\">net asset of <span class=\"_ _d\"></span>\u00a363m (2023/24: \u00a37<span class=\"_ _1\"></span>4m). Interest rate swaps with </span>a fair value of \u00a3nil (2023/24: \u00a3nil) have been <span class=\"ls289 ws2ab\">designated as cash flow hedges under IFRS 9. </span>The ineffectiveness recognised in the co<span class=\"ls27d ws292\">n<span class=\"_ _6\"></span>solidated income statemen<span class=\"ls36b ws2b6\">t on cash<span class=\"_ _6\"></span> flow hedges in the <span class=\"_ _6\"></span>year ended 31 <span class=\"_ _6\"></span>March </span></span>2025 was \u00a3nil (2023/24: \u00a3nil). The cash flows occur and are charged to<span class=\"ls277 ws28d\"> <span class=\"_ _6\"></span>profit and loss until the maturity <span class=\"ls27e ws293\">of the hedged debt. The table below<span class=\"_ _458\"> </span></span></span>summarises variable rate debt hedged at 31 March.<span class=\"_ _458\"> </span>Variable rate debt hedged <table class=\"s w7d0 h210\" id=\"_465f8794-f163-4de6-858e-e1ad1c12f457\"><tr><td></td><td class=\"t m0 xae5 h19e y3974 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3974 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 xa3a h19e y3975 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3975 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3976 w7d1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Outstanding: <span class=\"_ _1f\"></span> at one year<span class=\"_ _458\"> </span></div></td><td class=\"c n xc07 y3976 w7d2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">2,020<span class=\"_ _458\"> </span></div></td><td class=\"c n xc08 y3976 w7d3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws1\">1,175<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n xc09 y36b7 w7d4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">at two years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0a y36b7 w7d5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">1,670<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0b y36b7 w7d6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws1\">1,520<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n xc09 y3655 w7d7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">at five years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0c y3655 w7d8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">950<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0d y3655 w7d9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35f ws1\">700<span class=\"_ _458\"> </span></div></td></tr></table>Fair value hedged debt<span class=\"_ _458\"> </span>The Group uses interest rate swaps to hedge exposure on fi<span class=\"ls27c ws291\">xed rate f<span class=\"_ _d\"></span>inancial liab<span class=\"_ _1\"></span>ilities caused by movements in market<span class=\"_ _458\"> </span></span>rates of interest.<span class=\"_ _458\"> </span>At 31 March 2025, the fair value of these derivatives is a net liability of \u00a339m (2023/24: net liability of \u00a332<span class=\"_ _6\"></span>m). Interest<span class=\"_ _458\"> </span>rate swaps with a fair value asset of \u00a38m have been desi<span class=\"_ _6\"></span><span class=\"ls299 ws2a3\">gnated as fair value hedges under IFRS 9 (2023/24: liability<span class=\"_ _458\"> </span></span>of \u00a32m).<span class=\"_ _458\"> </span>The cross-currenc<span class=\"_ _6\"></span>y swaps of the 2<span class=\"_ _6\"></span>025/202<span class=\"ls273 ws288\">6 US Private P<span class=\"_ _6\"></span>lacements fully hedge the foreign exchange exposu<span class=\"_ _6\"></span>re at an<span class=\"_ _458\"> </span></span>average floating rate of 150 basis points above SONIA. Th<span class=\"ls273 ws288\">ese have be<span class=\"_ _d\"></span>en designated as fair value hedges of the US<span class=\"_ _458\"> </span></span>Private Placements.<span class=\"_ _458\"> </span>Interest rate profile \u2013 including effect of derivatives<table class=\"s w7da h202\" id=\"_6c030420-27ae-4e7c-b091-c2a0b4011216\"><tr><td></td><td class=\"t m0 x273 h19e y3977 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3977 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3978 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3978 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3770 w7db h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">Fixed or capped rate<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0e y3770 w6d1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">2,647<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0f y3770 w6d2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws1\">2,081<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xc0e y3655 w6d1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">2,647<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0f y3655 w6d2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws1\">2,081<span class=\"_ _458\"> </span></div></td></tr></table>All the debt is effectively Sterling denominated except for <span class=\"ls27d ws292\">\u00a333m of<span class=\"_ _6\"></span> USD debt of which \u00a333m is at a variable <span class=\"_ _6\"></span>rate<span class=\"_ _458\"> </span></span>(2023/24: \u00a330m).<span class=\"_ _458\"> </span>At 31 March 2025 the weighted average interest rate of<span class=\"ls288 ws295\"> the Sterling fixed rate debt is 4.3% (2023/24: 4.2%).<span class=\"_ _458\"> </span></span>The weighted average period for which the rate <span class=\"ls272 ws287\">is fi<span class=\"_ _d\"></span>x<span class=\"_ _1\"></span>ed is 5.5 years <span class=\"_ _6\"></span>(2023/24: 6.3 years). </span>Sensitivity table \u2013 market rate movements<table class=\"s w7dc h211\" id=\"_7142db2d-89d0-4f13-8774-818764fcdbc9\"><tr><td></td><td class=\"c n xc10 y3979 w28 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xc11 y3979 w29 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f5 ws484\">2024<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n xc12 y397a w7dd h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls2ee ws485\">Increase<span class=\"_ _458\"> </span></div></td><td class=\"c n xc13 y397a w7de h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls2ee ws485\">Decrease<span class=\"_ _458\"> </span></div></td><td class=\"c n xc14 y397a w7df h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fb ws486\">Increase<span class=\"_ _458\"> </span></div></td><td class=\"c n xc15 y397a w7e0 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fb ws486\">Decrease<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y397b w7e1 h1d6\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Movement in interest rates (bps)</div><div class=\"t m0 x5fc h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xc16 y397b w2ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws487\">100<span class=\"_ _458\"> </span></div></td><td class=\"c n xc17 y397b w7e2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws487\">(100)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc18 y397b w45 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws20e\">100<span class=\"_ _458\"> </span></div></td><td class=\"c n xc19 y397b w7e3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws20e\">(100)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f5 w7e4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Impact on underlying annual profit (\u00a3m)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1a y36f5 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1b y36f5 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1c y36f5 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws23b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1d y36f5 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws23b\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y38cc w7e5 h1d9\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws488\">Movement in mediu<span class=\"_ _1\"></span>m and long term swap rate<span class=\"_ _1\"></span>s (bps)</div><div class=\"t m0 xc1e h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1f y38cc w7e6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws489\">424<span class=\"_ _458\"> </span></div></td><td class=\"c n xc20 y38cc w7e7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws489\">(424)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc21 y38cc w7e8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws48a\">424<span class=\"_ _458\"> </span></div></td><td class=\"c n xc22 y38cc w546 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws48a\">(424)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y397c ff43 fs151 fc18 sc0 ls20a ws20f\">Impact on cash flow hedge and non-he<span class=\"_ _1\"></span>dge accounted derivative </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3655 w7e9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">valuations (\u00a3m)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc23 y3655 w422 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws48b\">164<span class=\"_ _458\"> </span></div></td><td class=\"c n xc24 y3655 w7ea h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws48b\">(185)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc25 y3655 w7eb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws48c\">189<span class=\"_ _458\"> </span></div></td><td class=\"c n xc26 y3655 w7ec h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws48c\">(203)<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>The movement used for sensitivity analysis<span class=\"ls225 ws244\"> is a 1% change in interest rates. </span>2. This movement used for sensitivity analys<span class=\"ls268 ws27e\">is represents the large<span class=\"_ _6\"></span>st annual change in <span class=\"ls225 ws244\">the seven-year Sterling swap rate<span class=\"_ _d\"></span> over t<span class=\"ls22e\">he last<span class=\"_ _458\"> </span></span></span></span>10 years.<span class=\"_ _458\"> </span>Foreign currency risk management The Group\u2019s policy is to have no material unhedged net assets or liabilities de<span class=\"ls27c\">nominated in foreign currencies. The </span>currency risk <span class=\"_ _6\"></span>on overseas investmen<span class=\"_ _6\"></span>ts may be hedged v<span class=\"_ _6\"></span>i<span class=\"ls299 ws2a3\">a foreign currency denominated <span class=\"ls275 ws28a\">borrowings and derivatives. </span></span>The Group has adopted net investment hedging in accordance with IFRS 9 and therefore the portion of the gain or loss on any hedging inst<span class=\"_ _6\"></span>rument that is deter<span class=\"_ _6\"></span>mined to be an effe<span class=\"_ _d\"></span><span class=\"ls289 ws29b\">ctive hedge is recognised directly in equity. The ineffective </span>portion of the gain or loss on any hedging instrument<span class=\"ls27c\"> is recognised immediately <span class=\"ls26f ws284\">in the income sta<span class=\"_ _d\"></span>tement. </span></span>The table below shows the carrying amounts of the<span class=\"_ _6\"></span> Group\u2019s foreign currency<span class=\"ls27c ws291\"> denominated assets and liabilities. </span>Provided contingent tax on overseas in<span class=\"ls27c ws291\">vestments is not expected to <span class=\"_ _6\"></span>occur it will be ignored for hedging purposes. </span>Based on the 31 March 2025 position, a 28% appreciation (lar<span class=\"_ _1\"></span>gest annual change over the last 10 years) in the USD relative to Sterling would result in a \u00a31m ch<span class=\"ls27d ws292\">ange (2023/24: \u00a32m) in<span class=\"ls37d ws48d\"> re<span class=\"_ _6\"></span>ported profits<span class=\"_ _6\"></span>. </span></span><table class=\"s w2fb h212\" id=\"_ff92adfb-8691-45e8-883f-f18c6cea5a0a\"><tr><td></td><td class=\"c xc28 y397e w7ed h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls37e ws48e\">Assets</div><div class=\"t m0 xc27 h72 y397d ff43 fs63 fc18 sc0 ls1 ws1\">1</div></td><td></td><td class=\"t m0 x57e h19e y397f ff43 fs150 fc18 sc0 ls259 ws48f\">  <span class=\"_ _2f\"></span>Liabilities </td><td></td></tr><tr><td></td><td class=\"t m0 x53e h19e y3980 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 xc29 h19e y3980 ff43 fs150 fc18 sc0 ls1f5 ws1\">2024 </td><td class=\"t m0 x559 h19e y3980 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x541 h19e y3980 ff43 fs150 fc18 sc0 ls1f5 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x58a h19e y3981 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d9 h19e y3981 ff43 fs150 fc18 sc0 ls25b ws3bd\">\u00a3m  </td><td class=\"t m0 x321 h19e y3981 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x55a h19e y3981 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3655 w7ee h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">USD denominated<span class=\"_ _458\"> </span></div></td><td class=\"c n xc2a y3655 wd5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls319 ws1\">35<span class=\"_ _458\"> </span></div></td><td class=\"c n xc2b y3655 w27e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls201 ws490\">37<span class=\"_ _458\"> </span></div></td><td class=\"c n xc2c y3655 wcd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">33<span class=\"_ _458\"> </span></div></td><td class=\"c n x290 y3655 w16b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws1\">30<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>The USD denominated asset of \u00a335m (2023/24: \u00a337m) is<span class=\"_ _d\"></span> an othe<span class=\"ls311 ws37f\">r investment accounted for as fa<span class=\"ls248 ws249\">ir value throu<span class=\"_ _6\"></span>gh profit of loss </span></span>as disclosed in Note 12. The remaining \u00a36m (2<span class=\"_ _6\"></span>023/24: \u00a39m) other<span class=\"ls228 ws245\"> investment accounted for as fair value through profit or los<span class=\"_ _6\"></span>s </span>is a Sterling denominat<span class=\"ls310 ws335\">ed other investment. </span>Credit risk management The Group\u2019s approach to credit risk mana<span class=\"_ _6\"></span><span class=\"ls24a ws258\">gement of counterparties is referred to in Financial policies and principles on </span>pages 44 to 46 and the risks addressed within Managing risk <span class=\"_ _d\"></span><span class=\"ls275 ws28a\">in delivering our strategy on pages 47 to 58. The carrying </span>amount of financial assets recorded in the financial statemen<span class=\"ls299 ws2a3\">ts represents the Group\u2019s maxi<span class=\"ls29b ws2de\">mum exposure to<span class=\"ls273 ws288\"> credit risk </span></span></span>without taking account of the value of any collateral obtained. Banks and financial institutions Cash and cash equivalents at 31 March 2025 amounted to \u00a357m (2023/24: \u00a388m). Cash and cash equivalents were placed with financial institutions with BBB+ or better credit ratings. At 31 March 2025, the fair value of all interest <span class=\"ls24a ws258\">rate derivative assets was \u00a382m (2023/24: \u00a399m). </span>At 31 March 2025, prior to taking into account any o<span class=\"_ _1\"></span>ffset ar<span class=\"ls249 ws28e\">rangements, the largest combined <span class=\"_ _6\"></span><span class=\"ls2a3 ws2b1\">credit exposure<span class=\"_ _6\"></span> to a single </span></span>counterparty arising from money market <span class=\"ls28b ws259\">deposits, liquid investments and derivatives was \u00a342<span class=\"_ _6\"></span>m (2023/24: \u00a334m). <span class=\"_ _6\"></span>This </span>represents 0.<span class=\"_ _1\"></span>5% (2023/24: 0.4%) of gross assets. The deposit exposures are with UK banks and UK branc<span class=\"_ _6\"></span>hes of international banks. Trade debtors Trade debtors are presented net of provisions for impairment<span class=\"_ _6\"></span><span class=\"ls276 ws28c\"> for expected credit losses. E<span class=\"_ _d\"></span>x<span class=\"_ _1\"></span>pected credit lo<span class=\"_ _6\"></span>sses are </span>calculated on initial recognition of trade debtors and subseq<span class=\"ls249 ws28e\">uently in accordance with IFRS <span class=\"_ _6\"></span>9, taking into account </span>historic and forward-looking information.  Tenant incentives Tenant incentives and the associated tenant incentive provisions<span class=\"_ _1\"></span> for impairment for expected credit losses are both recognised within investment property. Expected credit losses<span class=\"ls299 ws2a3\"> are calculated on initial recognition of tenant incentives </span>and subsequently i<span class=\"_ _6\"></span>n accordance with IF<span class=\"_ _6\"></span>RS 9, taking in<span class=\"_ _d\"></span><span class=\"ls360 ws2cb\">to acco<span class=\"_ _1\"></span>unt historic and forw<span class=\"ls299 ws2a3\">ard-looking information.  </span></span>Liquidity risk management<span class=\"_ _458\"> </span>The Group\u2019s approach to liquidity risk management is d<span class=\"_ _d\"></span>iscu<span class=\"ls270 ws285\">ssed in Financial policies and principles on pages 44 to 46,<span class=\"_ _458\"> </span></span>and the risks addressed within Managing risk in<span class=\"ls288 ws295\"> delivering our strategy on pages 47 to 58.<span class=\"_ _458\"> </span></span>The following table presents a maturity pr<span class=\"ls26f ws284\">ofile of the contracted undiscounted cash<span class=\"ls288 ws295\"> flows of financial liabilities based on<span class=\"_ _458\"> </span></span></span>the earliest date on which the Group can be required to pay.<span class=\"ls27c ws291\"> The table includes both interest and<span class=\"_ _6\"></span> principal flows. Where<span class=\"_ _458\"> </span></span>the interest payable is not fi<span class=\"_ _d\"></span>xed, the amount disclosed has b<span class=\"ls27e ws293\">een determined by refe<span class=\"_ _6\"></span>rence to the projected interest rates<span class=\"_ _458\"> </span></span>implied by yield curves at the reporting date. For derivative <span class=\"_ _6\"></span><span class=\"ls28d ws29a\">financial instruments that<span class=\"_ _6\"></span> settle on a net basis (e.g<span class=\"_ _6\"></span>. interest<span class=\"_ _458\"> </span></span>rate swaps) the undiscounted net cash flows are shown and <span class=\"ls24a ws258\">for derivatives that require gross settlement (e.g. cross-<span class=\"_ _458\"> </span></span>currency swaps) the undiscounted gross ca<span class=\"_ _d\"></span><span class=\"ls29b ws1fd\">sh flows are presented. Where payment <span class=\"_ _6\"></span><span class=\"ls24a ws258\">obligations are in foreign currencies,<span class=\"_ _458\"> </span></span></span>the spot exchange rate ruling at the balance sheet date is<span class=\"_ _6\"></span><span class=\"ls27d ws292\"> used. Trade creditors which ar<span class=\"ls289 ws29b\">e repayable within one year<span class=\"_ _458\"> </span></span></span>have been excluded from the analysis.<span class=\"_ _458\"> </span>The Group expects to meet its financial liabilities through the va<span class=\"ls299 ws2a3\">rious available liquidity sources, including a secure rental<span class=\"_ _458\"> </span></span>income profile, asset sales, undrawn committed borrowing fa<span class=\"ls272\">cilities and, in the longer term, debt refinancings.<span class=\"_ _458\"> </span></span>The future aggregate minimum rentals receivable under non-ca<span class=\"ls272 ws287\">ncellable operating leases are shown in the table on the<span class=\"_ _458\"> </span></span>following page. Income from joint ventures <span class=\"ls274 ws289\">is not included. Additional liquidity will</span> arise from letting space in properties<span class=\"_ _458\"> </span>under construction as well as from distr<span class=\"_ _1\"></span>ibutions received from joint ventures.<table class=\"s w7ef h213\" id=\"_cc39b25e-c7e2-4a2d-8b2b-a17f786c7045\"><tr><td></td><td></td><td></td><td class=\"t m0 xc2d h19e y3982 ff42 fs150 fc16 sc0 ls1 ws1\"> <span class=\"_ _334\"> </span><span class=\"ls1f4\">2025</span><span class=\"ls1f4\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x24b h19e y3983 ff42 fs150 fc16 sc0 ls258 ws1\">Within one </td><td class=\"t m0 xa30 h19e y3983 ff42 fs150 fc16 sc0 ls1fd ws1\">Following </td><td class=\"t m0 x605 h19e y3983 ff42 fs150 fc16 sc0 ls25c ws491\">Three to five </td><td class=\"t m0 xc2e h19e y3983 ff42 fs150 fc16 sc0 ls1f6 ws474\">Over five </td><td></td></tr><tr><td></td><td class=\"t m0 x562 h19e y3984 ff42 fs150 fc16 sc0 ls321 ws1\">year </td><td class=\"t m0 xc2f h19e y3984 ff42 fs150 fc16 sc0 ls321 ws1\">year </td><td class=\"t m0 xc29 h19e y3984 ff42 fs150 fc16 sc0 ls1fa ws1\">years </td><td class=\"t m0 xae5 h19e y3984 ff42 fs150 fc16 sc0 ls1fa ws1\">years </td><td class=\"t m0 x274 h19e y3984 ff42 fs150 fc16 sc0 ls1f4 ws1\">Total </td></tr><tr><td></td><td class=\"t m0 x589 h19e y3985 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x58a h19e y3985 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d9 h19e y3985 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1da h19e y3985 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3985 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td></tr><tr><td class=\"c x1dc y3938 w7f0 h1d6\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws481\">Gross debt</div><div class=\"t m0 xc30 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xc31 y3938 w7f1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws492\">337<span class=\"_ _458\"> </span></div></td><td class=\"c n xc32 y3938 w95 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws492\">105<span class=\"_ _458\"> </span></div></td><td class=\"c n xc33 y3938 w7f2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws492\">1,374<span class=\"_ _458\"> </span></div></td><td class=\"c n xc34 y3938 w6b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws492\">937<span class=\"_ _458\"> </span></div></td><td class=\"c n xc35 y3938 w7f3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws492\">2,753<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3915 w7f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">Interest on debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xc36 y3915 w7f5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws493\">129<span class=\"_ _458\"> </span></div></td><td class=\"c n xc37 y3915 w7f6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws493\">110<span class=\"_ _458\"> </span></div></td><td class=\"c n xc38 y3915 w7f7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws493\">272<span class=\"_ _458\"> </span></div></td><td class=\"c n xc39 y3915 w7f8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws493\">195<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3a y3915 w7f9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws493\">706<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y386f w7fa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws2f9\">Derivative payments<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3b y386f w7fb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws494\">93<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3c y386f w7fc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws494\">66<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3d y386f w175 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws494\">31<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3e y386f w7c2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws494\">14<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3f y386f w7fd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws494\">204<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y365d w7fe h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Lease liability payments<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c9 y365d w3ec h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws495\">9<span class=\"_ _458\"> </span></div></td><td class=\"c n xc40 y365d w7ff h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws495\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n xc41 y365d w3f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws495\">30<span class=\"_ _458\"> </span></div></td><td class=\"c n xc42 y365d w800 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws495\">319<span class=\"_ _458\"> </span></div></td><td class=\"c n xc43 y365d w1f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws495\">368<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3848 w801 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">Total payments<span class=\"_ _458\"> </span></div></td><td class=\"c n xc44 y3848 w802 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws496\">568<span class=\"_ _458\"> </span></div></td><td class=\"c n xc45 y3848 w800 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws496\">291<span class=\"_ _458\"> </span></div></td><td class=\"c n xc46 y3848 w803 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws496\">1,70<span class=\"_ _1\"></span>7<span class=\"_ _458\"> </span></div></td><td class=\"c n xc47 y3848 w804 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws496\">1,465<span class=\"_ _458\"> </span></div></td><td class=\"c n xc48 y3848 w805 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws496\">4,031<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y365e w806 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Derivative receipts<span class=\"_ _458\"> </span></div></td><td class=\"c n xc49 y365e w807 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws497\">(117<span class=\"_ _1\"></span>)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4a y365e w808 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws497\">(81)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4b y365e w5a1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws497\">(18)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4c y365e w809 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws497\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4d y365e w80a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws497\">(220)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y374f w80b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">Net payment<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4e y374f w80c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws498\">451<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4f y374f w80d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws498\">210<span class=\"_ _458\"> </span></div></td><td class=\"c n xc50 y374f w80e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws498\">1,689<span class=\"_ _458\"> </span></div></td><td class=\"c n xb5e y374f w5b6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws498\">1,461<span class=\"_ _458\"> </span></div></td><td class=\"c n xc51 y374f w80f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws498\">3,811<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w810 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Operating leases with tenants<span class=\"_ _458\"> </span></div></td><td class=\"c n xc52 y3653 w5ba h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws499\">307<span class=\"_ _458\"> </span></div></td><td class=\"c n xc53 y3653 w811 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws499\">271<span class=\"_ _458\"> </span></div></td><td class=\"c n xc54 y3653 w812 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws499\">583<span class=\"_ _458\"> </span></div></td><td class=\"c n xc55 y3653 w813 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws499\">584<span class=\"_ _458\"> </span></div></td><td class=\"c n xc56 y3653 w814 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws499\">1,745<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b7 w815 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Liquidity (deficit) surplus<span class=\"_ _458\"> </span></div></td><td class=\"c n xc57 y36b7 w816 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws49a\">(144)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc58 y36b7 w817 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws49a\">61<span class=\"_ _458\"> </span></div></td><td class=\"c n xc59 y36b7 w818 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws49a\">(1,106)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5a y36b7 w819 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws49a\">(877)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5b y36b7 w81a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws49a\">(2,066)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w81b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws255\">Cumulative liquidity deficit<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5c y3655 w81c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws49b\">(144)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5d y3655 w7a9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws49b\">(83)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5e y3655 w81d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws49b\">(1,189)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5f y3655 w81e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws49b\">(2,066)</div></td><td></td></tr></table><table class=\"s w81f h214\" id=\"_70ab8d4d-72c3-4744-a06f-b14bafa08184\"><tr><td></td><td></td><td></td><td class=\"t m0 xc2d h19e y3986 ff42 fs150 fc16 sc0 ls1 ws1\"> <span class=\"_ _334\"> </span><span class=\"ff43 fc18 ls234\">2024</span><span class=\"ff43 fc18 ls234\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x1cf h19e y3987 ff43 fs150 fc18 sc0 ls337 ws49c\">Within one </td><td class=\"t m0 x6eb h19e y3983 ff43 fs150 fc18 sc0 ls331 ws1\">Following<span class=\"_ _6\"></span> </td><td class=\"t m0 x44c h19e y3988 ff43 fs150 fc18 sc0 ls25e ws315\">Three to five </td><td class=\"t m0 xc2e h19e y3989 ff43 fs150 fc18 sc0 ls25f ws383\">Over five </td><td></td></tr><tr><td></td><td class=\"t m0 x562 h19e y398a ff43 fs150 fc18 sc0 ls337 ws1\">year </td><td class=\"t m0 x1d8 h19e y3984 ff43 fs150 fc18 sc0 ls337 ws1\">year </td><td class=\"t m0 xc29 h19e y398b ff43 fs150 fc18 sc0 ls25e ws1\">years </td><td class=\"t m0 xae5 h19e y398c ff43 fs150 fc18 sc0 ls25e ws1\">years </td><td class=\"t m0 x1d4 h19e y398c ff43 fs150 fc18 sc0 ls1ff ws1\">Total </td></tr><tr><td></td><td class=\"t m0 x589 h19e y3985 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x58a h19e y398d ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1d9 h19e y398e ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1da h19e y398f ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y398f ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c x1dc y3938 w7f0 h1d6\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws481\">Gross debt</div><div class=\"t m0 xc30 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xc60 y3938 w820 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws49d\">12<span class=\"_ _458\"> </span></div></td><td class=\"c n xc61 y3938 w821 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws49d\">318<span class=\"_ _458\"> </span></div></td><td class=\"c n xc62 y3938 w822 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws49d\">999<span class=\"_ _458\"> </span></div></td><td class=\"c n xc63 y3938 w823 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws49d\">911<span class=\"_ _458\"> </span></div></td><td class=\"c n xc64 y3938 w824 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws49d\">2,240<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3915 w825 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">Interest on debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xc65 y3915 w826 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">112<span class=\"_ _458\"> </span></div></td><td class=\"c n xc66 y3915 w26c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">101<span class=\"_ _458\"> </span></div></td><td class=\"c n xc67 y3915 w23b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">223<span class=\"_ _458\"> </span></div></td><td class=\"c n xc68 y3915 w826 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">211<span class=\"_ _458\"> </span></div></td><td class=\"c n xc69 y3915 w827 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">647<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y386f w828 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">Derivative <span class=\"_ _2bd\"></span>payments<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6a y386f w4fa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">15<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6b y386f w829 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">93<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6c y386f w11c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">88<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6d y386f w60e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">17<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c8 y386f w82a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">213<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y365d w82b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Lease liability payments<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6e y365d wb7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6f y365d w82c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n xc70 y365d w82d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">30<span class=\"_ _458\"> </span></div></td><td class=\"c n xc71 y365d w82e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">342<span class=\"_ _458\"> </span></div></td><td class=\"c n xc72 y365d w82f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">392<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3848 w830 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">Total payments<span class=\"_ _458\"> </span></div></td><td class=\"c n xc73 y3848 w831 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">149<span class=\"_ _458\"> </span></div></td><td class=\"c n xc74 y3848 w832 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">522<span class=\"_ _458\"> </span></div></td><td class=\"c n xc75 y3848 w833 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">1,340<span class=\"_ _458\"> </span></div></td><td class=\"c n xc76 y3848 w834 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">1,481<span class=\"_ _458\"> </span></div></td><td class=\"c n xc77 y3848 w835 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">3,492<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y365e w836 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">Derivative receipts<span class=\"_ _458\"> </span></div></td><td class=\"c n xc78 y365e w837 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">(56)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc79 y365e w5ff h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">(103)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7a y365e w63 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">(85)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7b y365e w838 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7c y365e w839 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">(245)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y374f w80b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">Net payment<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7d y374f w641 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws49f\">93<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7e y374f w83a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws49f\">419<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7f y374f w83b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws49f\">1,255<span class=\"_ _458\"> </span></div></td><td class=\"c n xc80 y374f w83c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws49f\">1,480<span class=\"_ _458\"> </span></div></td><td class=\"c n xc81 y374f w83d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws49f\">3,247<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w83e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Operating leases with tenan<span class=\"ls243 ws4a0\">ts<span class=\"_ _458\"> </span></span></div></td><td class=\"c n xc82 y3653 w3f0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws4a0\">260<span class=\"_ _458\"> </span></div></td><td class=\"c n xc83 y3653 w83f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws4a0\">234<span class=\"_ _458\"> </span></div></td><td class=\"c n xc84 y3653 w840 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws4a0\">503<span class=\"_ _458\"> </span></div></td><td class=\"c n x27e y3653 w1c9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws4a0\">556<span class=\"_ _458\"> </span></div></td><td class=\"c n xc85 y3653 w841 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws4a0\">1,553<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b7 w842 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Liquidity surplus (deficit)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc86 y36b7 w843 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">167<span class=\"_ _458\"> </span></div></td><td class=\"c n xc87 y36b7 w844 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(185)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc88 y36b7 w845 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(752)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc89 y36b7 w846 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(924)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8a y36b7 w847 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(1,694)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w848 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20b ws219\">Cumulative liquidity surplus (deficit)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8b y3655 w38f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4a1\">167<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8c y3655 w849 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4a1\">(18)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8d y3655 w84a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4a1\">(770)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8e y3655 w84b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4a1\">(1,694)<span class=\"_ _458\"> </span></div></td><td></td></tr></table>1. <span class=\"_ _24\"> </span>Gross debt of \u00a32,728m (2023/24: \u00a32,212m) represents the<span class=\"_ _d\"></span> total of \u00a32,753m (2023/24: \u00a32,240m)<span class=\"ls311 ws37f\">, less unamortis<span class=\"_ _d\"></span>ed issue costs of<span class=\"ls9c ws1\"> \u00a317m<span class=\"_ _458\"> </span></span></span>(2023/24: \u00a310m), less fair value adjustm<span class=\"ls248 ws249\">ents to debt of<span class=\"_ _6\"></span> \u00a38m (2023/24: \u00a318m).<span class=\"_ _458\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-554": {
   "value": "Interest rate risk management The Group uses interest rate swaps and ca<span class=\"ls27c ws291\">ps to hedge exposure to th<span class=\"_ _6\"></span>e variability <span class=\"ls26f ws284\">in cash flows on floating rate debt, </span></span>such as revolving bank facilities, caused by movements in ma<span class=\"_ _6\"></span><span class=\"ls27d ws292\">rket rates of interest. The Gr<span class=\"ls29b ws1fd\">oup\u2019s ob<span class=\"_ _6\"></span>jectives and processes </span></span>for managing interest rate risk are set out in the Financial policies and<span class=\"_ _6\"></span> principles on pages 44 to 46. At 31 March 2025, the fair value of these<span class=\"_ _6\"></span> derivatives is a <span class=\"ls299 ws2a3\">net asset of <span class=\"_ _d\"></span>\u00a363m (2023/24: \u00a37<span class=\"_ _1\"></span>4m). Interest rate swaps with </span>a fair value of \u00a3nil (2023/24: \u00a3nil) have been <span class=\"ls289 ws2ab\">designated as cash flow hedges under IFRS 9. </span>The ineffectiveness recognised in the co<span class=\"ls27d ws292\">n<span class=\"_ _6\"></span>solidated income statemen<span class=\"ls36b ws2b6\">t on cash<span class=\"_ _6\"></span> flow hedges in the <span class=\"_ _6\"></span>year ended 31 <span class=\"_ _6\"></span>March </span></span>2025 was \u00a3nil (2023/24: \u00a3nil). The cash flows occur and are charged to<span class=\"ls277 ws28d\"> <span class=\"_ _6\"></span>profit and loss until the maturity <span class=\"ls27e ws293\">of the hedged debt. The table below<span class=\"_ _458\"> </span></span></span>summarises variable rate debt hedged at 31 March.<span class=\"_ _458\"> </span>Variable rate debt hedged <table class=\"s w7d0 h210\" id=\"_465f8794-f163-4de6-858e-e1ad1c12f457\"><tr><td></td><td class=\"t m0 xae5 h19e y3974 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3974 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 xa3a h19e y3975 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3975 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3976 w7d1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Outstanding: <span class=\"_ _1f\"></span> at one year<span class=\"_ _458\"> </span></div></td><td class=\"c n xc07 y3976 w7d2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">2,020<span class=\"_ _458\"> </span></div></td><td class=\"c n xc08 y3976 w7d3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws1\">1,175<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n xc09 y36b7 w7d4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">at two years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0a y36b7 w7d5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">1,670<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0b y36b7 w7d6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws1\">1,520<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n xc09 y3655 w7d7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">at five years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0c y3655 w7d8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">950<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0d y3655 w7d9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35f ws1\">700<span class=\"_ _458\"> </span></div></td></tr></table>Fair value hedged debt<span class=\"_ _458\"> </span>The Group uses interest rate swaps to hedge exposure on fi<span class=\"ls27c ws291\">xed rate f<span class=\"_ _d\"></span>inancial liab<span class=\"_ _1\"></span>ilities caused by movements in market<span class=\"_ _458\"> </span></span>rates of interest.<span class=\"_ _458\"> </span>At 31 March 2025, the fair value of these derivatives is a net liability of \u00a339m (2023/24: net liability of \u00a332<span class=\"_ _6\"></span>m). Interest<span class=\"_ _458\"> </span>rate swaps with a fair value asset of \u00a38m have been desi<span class=\"_ _6\"></span><span class=\"ls299 ws2a3\">gnated as fair value hedges under IFRS 9 (2023/24: liability<span class=\"_ _458\"> </span></span>of \u00a32m).<span class=\"_ _458\"> </span>The cross-currenc<span class=\"_ _6\"></span>y swaps of the 2<span class=\"_ _6\"></span>025/202<span class=\"ls273 ws288\">6 US Private P<span class=\"_ _6\"></span>lacements fully hedge the foreign exchange exposu<span class=\"_ _6\"></span>re at an<span class=\"_ _458\"> </span></span>average floating rate of 150 basis points above SONIA. Th<span class=\"ls273 ws288\">ese have be<span class=\"_ _d\"></span>en designated as fair value hedges of the US<span class=\"_ _458\"> </span></span>Private Placements.<span class=\"_ _458\"> </span>Interest rate profile \u2013 including effect of derivatives<table class=\"s w7da h202\" id=\"_6c030420-27ae-4e7c-b091-c2a0b4011216\"><tr><td></td><td class=\"t m0 x273 h19e y3977 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3977 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3978 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3978 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3770 w7db h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">Fixed or capped rate<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0e y3770 w6d1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">2,647<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0f y3770 w6d2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws1\">2,081<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xc0e y3655 w6d1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">2,647<span class=\"_ _458\"> </span></div></td><td class=\"c n xc0f y3655 w6d2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws1\">2,081<span class=\"_ _458\"> </span></div></td></tr></table>All the debt is effectively Sterling denominated except for <span class=\"ls27d ws292\">\u00a333m of<span class=\"_ _6\"></span> USD debt of which \u00a333m is at a variable <span class=\"_ _6\"></span>rate<span class=\"_ _458\"> </span></span>(2023/24: \u00a330m).<span class=\"_ _458\"> </span>At 31 March 2025 the weighted average interest rate of<span class=\"ls288 ws295\"> the Sterling fixed rate debt is 4.3% (2023/24: 4.2%).<span class=\"_ _458\"> </span></span>The weighted average period for which the rate <span class=\"ls272 ws287\">is fi<span class=\"_ _d\"></span>x<span class=\"_ _1\"></span>ed is 5.5 years <span class=\"_ _6\"></span>(2023/24: 6.3 years). </span>Sensitivity table \u2013 market rate movements<table class=\"s w7dc h211\" id=\"_7142db2d-89d0-4f13-8774-818764fcdbc9\"><tr><td></td><td class=\"c n xc10 y3979 w28 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xc11 y3979 w29 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f5 ws484\">2024<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n xc12 y397a w7dd h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls2ee ws485\">Increase<span class=\"_ _458\"> </span></div></td><td class=\"c n xc13 y397a w7de h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls2ee ws485\">Decrease<span class=\"_ _458\"> </span></div></td><td class=\"c n xc14 y397a w7df h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fb ws486\">Increase<span class=\"_ _458\"> </span></div></td><td class=\"c n xc15 y397a w7e0 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fb ws486\">Decrease<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y397b w7e1 h1d6\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Movement in interest rates (bps)</div><div class=\"t m0 x5fc h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xc16 y397b w2ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws487\">100<span class=\"_ _458\"> </span></div></td><td class=\"c n xc17 y397b w7e2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws487\">(100)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc18 y397b w45 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws20e\">100<span class=\"_ _458\"> </span></div></td><td class=\"c n xc19 y397b w7e3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws20e\">(100)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f5 w7e4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Impact on underlying annual profit (\u00a3m)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1a y36f5 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1b y36f5 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1c y36f5 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws23b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1d y36f5 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws23b\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y38cc w7e5 h1d9\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws488\">Movement in mediu<span class=\"_ _1\"></span>m and long term swap rate<span class=\"_ _1\"></span>s (bps)</div><div class=\"t m0 xc1e h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1f y38cc w7e6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws489\">424<span class=\"_ _458\"> </span></div></td><td class=\"c n xc20 y38cc w7e7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws489\">(424)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc21 y38cc w7e8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws48a\">424<span class=\"_ _458\"> </span></div></td><td class=\"c n xc22 y38cc w546 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws48a\">(424)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y397c ff43 fs151 fc18 sc0 ls20a ws20f\">Impact on cash flow hedge and non-he<span class=\"_ _1\"></span>dge accounted derivative </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3655 w7e9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">valuations (\u00a3m)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc23 y3655 w422 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws48b\">164<span class=\"_ _458\"> </span></div></td><td class=\"c n xc24 y3655 w7ea h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws48b\">(185)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc25 y3655 w7eb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws48c\">189<span class=\"_ _458\"> </span></div></td><td class=\"c n xc26 y3655 w7ec h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws48c\">(203)<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>The movement used for sensitivity analysis<span class=\"ls225 ws244\"> is a 1% change in interest rates. </span>2. This movement used for sensitivity analys<span class=\"ls268 ws27e\">is represents the large<span class=\"_ _6\"></span>st annual change in <span class=\"ls225 ws244\">the seven-year Sterling swap rate<span class=\"_ _d\"></span> over t<span class=\"ls22e\">he last<span class=\"_ _458\"> </span></span></span></span>10 years.<span class=\"_ _458\"> </span>Foreign currency risk management The Group\u2019s policy is to have no material unhedged net assets or liabilities de<span class=\"ls27c\">nominated in foreign currencies. The </span>currency risk <span class=\"_ _6\"></span>on overseas investmen<span class=\"_ _6\"></span>ts may be hedged v<span class=\"_ _6\"></span>i<span class=\"ls299 ws2a3\">a foreign currency denominated <span class=\"ls275 ws28a\">borrowings and derivatives. </span></span>The Group has adopted net investment hedging in accordance with IFRS 9 and therefore the portion of the gain or loss on any hedging inst<span class=\"_ _6\"></span>rument that is deter<span class=\"_ _6\"></span>mined to be an effe<span class=\"_ _d\"></span><span class=\"ls289 ws29b\">ctive hedge is recognised directly in equity. The ineffective </span>portion of the gain or loss on any hedging instrument<span class=\"ls27c\"> is recognised immediately <span class=\"ls26f ws284\">in the income sta<span class=\"_ _d\"></span>tement. </span></span>The table below shows the carrying amounts of the<span class=\"_ _6\"></span> Group\u2019s foreign currency<span class=\"ls27c ws291\"> denominated assets and liabilities. </span>Provided contingent tax on overseas in<span class=\"ls27c ws291\">vestments is not expected to <span class=\"_ _6\"></span>occur it will be ignored for hedging purposes. </span>Based on the 31 March 2025 position, a 28% appreciation (lar<span class=\"_ _1\"></span>gest annual change over the last 10 years) in the USD relative to Sterling would result in a \u00a31m ch<span class=\"ls27d ws292\">ange (2023/24: \u00a32m) in<span class=\"ls37d ws48d\"> re<span class=\"_ _6\"></span>ported profits<span class=\"_ _6\"></span>. </span></span><table class=\"s w2fb h212\" id=\"_ff92adfb-8691-45e8-883f-f18c6cea5a0a\"><tr><td></td><td class=\"c xc28 y397e w7ed h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls37e ws48e\">Assets</div><div class=\"t m0 xc27 h72 y397d ff43 fs63 fc18 sc0 ls1 ws1\">1</div></td><td></td><td class=\"t m0 x57e h19e y397f ff43 fs150 fc18 sc0 ls259 ws48f\">  <span class=\"_ _2f\"></span>Liabilities </td><td></td></tr><tr><td></td><td class=\"t m0 x53e h19e y3980 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 xc29 h19e y3980 ff43 fs150 fc18 sc0 ls1f5 ws1\">2024 </td><td class=\"t m0 x559 h19e y3980 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x541 h19e y3980 ff43 fs150 fc18 sc0 ls1f5 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x58a h19e y3981 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d9 h19e y3981 ff43 fs150 fc18 sc0 ls25b ws3bd\">\u00a3m  </td><td class=\"t m0 x321 h19e y3981 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x55a h19e y3981 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3655 w7ee h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">USD denominated<span class=\"_ _458\"> </span></div></td><td class=\"c n xc2a y3655 wd5 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls319 ws1\">35<span class=\"_ _458\"> </span></div></td><td class=\"c n xc2b y3655 w27e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls201 ws490\">37<span class=\"_ _458\"> </span></div></td><td class=\"c n xc2c y3655 wcd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">33<span class=\"_ _458\"> </span></div></td><td class=\"c n x290 y3655 w16b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws1\">30<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>The USD denominated asset of \u00a335m (2023/24: \u00a337m) is<span class=\"_ _d\"></span> an othe<span class=\"ls311 ws37f\">r investment accounted for as fa<span class=\"ls248 ws249\">ir value throu<span class=\"_ _6\"></span>gh profit of loss </span></span>as disclosed in Note 12. The remaining \u00a36m (2<span class=\"_ _6\"></span>023/24: \u00a39m) other<span class=\"ls228 ws245\"> investment accounted for as fair value through profit or los<span class=\"_ _6\"></span>s </span>is a Sterling denominat<span class=\"ls310 ws335\">ed other investment. </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-559": {
   "value": "Sensitivity table \u2013 market rate movements<table class=\"s w7dc h211\" id=\"_7142db2d-89d0-4f13-8774-818764fcdbc9\"><tr><td></td><td class=\"c n xc10 y3979 w28 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xc11 y3979 w29 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f5 ws484\">2024<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n xc12 y397a w7dd h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls2ee ws485\">Increase<span class=\"_ _458\"> </span></div></td><td class=\"c n xc13 y397a w7de h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls2ee ws485\">Decrease<span class=\"_ _458\"> </span></div></td><td class=\"c n xc14 y397a w7df h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fb ws486\">Increase<span class=\"_ _458\"> </span></div></td><td class=\"c n xc15 y397a w7e0 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls2fb ws486\">Decrease<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y397b w7e1 h1d6\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Movement in interest rates (bps)</div><div class=\"t m0 x5fc h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xc16 y397b w2ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws487\">100<span class=\"_ _458\"> </span></div></td><td class=\"c n xc17 y397b w7e2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws487\">(100)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc18 y397b w45 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws20e\">100<span class=\"_ _458\"> </span></div></td><td class=\"c n xc19 y397b w7e3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws20e\">(100)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f5 w7e4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Impact on underlying annual profit (\u00a3m)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1a y36f5 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1b y36f5 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws22b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1c y36f5 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws23b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1d y36f5 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws23b\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y38cc w7e5 h1d9\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws488\">Movement in mediu<span class=\"_ _1\"></span>m and long term swap rate<span class=\"_ _1\"></span>s (bps)</div><div class=\"t m0 xc1e h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xc1f y38cc w7e6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws489\">424<span class=\"_ _458\"> </span></div></td><td class=\"c n xc20 y38cc w7e7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws489\">(424)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc21 y38cc w7e8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws48a\">424<span class=\"_ _458\"> </span></div></td><td class=\"c n xc22 y38cc w546 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws48a\">(424)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y397c ff43 fs151 fc18 sc0 ls20a ws20f\">Impact on cash flow hedge and non-he<span class=\"_ _1\"></span>dge accounted derivative </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3655 w7e9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">valuations (\u00a3m)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc23 y3655 w422 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws48b\">164<span class=\"_ _458\"> </span></div></td><td class=\"c n xc24 y3655 w7ea h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws48b\">(185)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc25 y3655 w7eb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws48c\">189<span class=\"_ _458\"> </span></div></td><td class=\"c n xc26 y3655 w7ec h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws48c\">(203)<span class=\"_ _458\"> </span></div></td></tr></table>1. <span class=\"_ _24\"> </span>The movement used for sensitivity analysis<span class=\"ls225 ws244\"> is a 1% change in interest rates. </span>2. This movement used for sensitivity analys<span class=\"ls268 ws27e\">is represents the large<span class=\"_ _6\"></span>st annual change in <span class=\"ls225 ws244\">the seven-year Sterling swap rate<span class=\"_ _d\"></span> over t<span class=\"ls22e\">he last<span class=\"_ _458\"> </span></span></span></span>10 years.<span class=\"_ _458\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:SensitivityAnalysisForEachTypeOfMarketRisk",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-555": {
   "value": "Credit risk management The Group\u2019s approach to credit risk mana<span class=\"_ _6\"></span><span class=\"ls24a ws258\">gement of counterparties is referred to in Financial policies and principles on </span>pages 44 to 46 and the risks addressed within Managing risk <span class=\"_ _d\"></span><span class=\"ls275 ws28a\">in delivering our strategy on pages 47 to 58. The carrying </span>amount of financial assets recorded in the financial statemen<span class=\"ls299 ws2a3\">ts represents the Group\u2019s maxi<span class=\"ls29b ws2de\">mum exposure to<span class=\"ls273 ws288\"> credit risk </span></span></span>without taking account of the value of any collateral obtained. Banks and financial institutions Cash and cash equivalents at 31 March 2025 amounted to \u00a357m (2023/24: \u00a388m). Cash and cash equivalents were placed with financial institutions with BBB+ or better credit ratings. At 31 March 2025, the fair value of all interest <span class=\"ls24a ws258\">rate derivative assets was \u00a382m (2023/24: \u00a399m). </span>At 31 March 2025, prior to taking into account any o<span class=\"_ _1\"></span>ffset ar<span class=\"ls249 ws28e\">rangements, the largest combined <span class=\"_ _6\"></span><span class=\"ls2a3 ws2b1\">credit exposure<span class=\"_ _6\"></span> to a single </span></span>counterparty arising from money market <span class=\"ls28b ws259\">deposits, liquid investments and derivatives was \u00a342<span class=\"_ _6\"></span>m (2023/24: \u00a334m). <span class=\"_ _6\"></span>This </span>represents 0.<span class=\"_ _1\"></span>5% (2023/24: 0.4%) of gross assets. The deposit exposures are with UK banks and UK branc<span class=\"_ _6\"></span>hes of international banks. Trade debtors Trade debtors are presented net of provisions for impairment<span class=\"_ _6\"></span><span class=\"ls276 ws28c\"> for expected credit losses. E<span class=\"_ _d\"></span>x<span class=\"_ _1\"></span>pected credit lo<span class=\"_ _6\"></span>sses are </span>calculated on initial recognition of trade debtors and subseq<span class=\"ls249 ws28e\">uently in accordance with IFRS <span class=\"_ _6\"></span>9, taking into account </span>historic and forward-looking information.  Tenant incentives Tenant incentives and the associated tenant incentive provisions<span class=\"_ _1\"></span> for impairment for expected credit losses are both recognised within investment property. Expected credit losses<span class=\"ls299 ws2a3\"> are calculated on initial recognition of tenant incentives </span>and subsequently i<span class=\"_ _6\"></span>n accordance with IF<span class=\"_ _6\"></span>RS 9, taking in<span class=\"_ _d\"></span><span class=\"ls360 ws2cb\">to acco<span class=\"_ _1\"></span>unt historic and forw<span class=\"ls299 ws2a3\">ard-looking information.  </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-556": {
   "value": "Liquidity risk management<span class=\"_ _458\"> </span>The Group\u2019s approach to liquidity risk management is d<span class=\"_ _d\"></span>iscu<span class=\"ls270 ws285\">ssed in Financial policies and principles on pages 44 to 46,<span class=\"_ _458\"> </span></span>and the risks addressed within Managing risk in<span class=\"ls288 ws295\"> delivering our strategy on pages 47 to 58.<span class=\"_ _458\"> </span></span>The following table presents a maturity pr<span class=\"ls26f ws284\">ofile of the contracted undiscounted cash<span class=\"ls288 ws295\"> flows of financial liabilities based on<span class=\"_ _458\"> </span></span></span>the earliest date on which the Group can be required to pay.<span class=\"ls27c ws291\"> The table includes both interest and<span class=\"_ _6\"></span> principal flows. Where<span class=\"_ _458\"> </span></span>the interest payable is not fi<span class=\"_ _d\"></span>xed, the amount disclosed has b<span class=\"ls27e ws293\">een determined by refe<span class=\"_ _6\"></span>rence to the projected interest rates<span class=\"_ _458\"> </span></span>implied by yield curves at the reporting date. For derivative <span class=\"_ _6\"></span><span class=\"ls28d ws29a\">financial instruments that<span class=\"_ _6\"></span> settle on a net basis (e.g<span class=\"_ _6\"></span>. interest<span class=\"_ _458\"> </span></span>rate swaps) the undiscounted net cash flows are shown and <span class=\"ls24a ws258\">for derivatives that require gross settlement (e.g. cross-<span class=\"_ _458\"> </span></span>currency swaps) the undiscounted gross ca<span class=\"_ _d\"></span><span class=\"ls29b ws1fd\">sh flows are presented. Where payment <span class=\"_ _6\"></span><span class=\"ls24a ws258\">obligations are in foreign currencies,<span class=\"_ _458\"> </span></span></span>the spot exchange rate ruling at the balance sheet date is<span class=\"_ _6\"></span><span class=\"ls27d ws292\"> used. Trade creditors which ar<span class=\"ls289 ws29b\">e repayable within one year<span class=\"_ _458\"> </span></span></span>have been excluded from the analysis.<span class=\"_ _458\"> </span>The Group expects to meet its financial liabilities through the va<span class=\"ls299 ws2a3\">rious available liquidity sources, including a secure rental<span class=\"_ _458\"> </span></span>income profile, asset sales, undrawn committed borrowing fa<span class=\"ls272\">cilities and, in the longer term, debt refinancings.<span class=\"_ _458\"> </span></span>The future aggregate minimum rentals receivable under non-ca<span class=\"ls272 ws287\">ncellable operating leases are shown in the table on the<span class=\"_ _458\"> </span></span>following page. Income from joint ventures <span class=\"ls274 ws289\">is not included. Additional liquidity will</span> arise from letting space in properties<span class=\"_ _458\"> </span>under construction as well as from distr<span class=\"_ _1\"></span>ibutions received from joint ventures.<table class=\"s w7ef h213\" id=\"_cc39b25e-c7e2-4a2d-8b2b-a17f786c7045\"><tr><td></td><td></td><td></td><td class=\"t m0 xc2d h19e y3982 ff42 fs150 fc16 sc0 ls1 ws1\"> <span class=\"_ _334\"> </span><span class=\"ls1f4\">2025</span><span class=\"ls1f4\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x24b h19e y3983 ff42 fs150 fc16 sc0 ls258 ws1\">Within one </td><td class=\"t m0 xa30 h19e y3983 ff42 fs150 fc16 sc0 ls1fd ws1\">Following </td><td class=\"t m0 x605 h19e y3983 ff42 fs150 fc16 sc0 ls25c ws491\">Three to five </td><td class=\"t m0 xc2e h19e y3983 ff42 fs150 fc16 sc0 ls1f6 ws474\">Over five </td><td></td></tr><tr><td></td><td class=\"t m0 x562 h19e y3984 ff42 fs150 fc16 sc0 ls321 ws1\">year </td><td class=\"t m0 xc2f h19e y3984 ff42 fs150 fc16 sc0 ls321 ws1\">year </td><td class=\"t m0 xc29 h19e y3984 ff42 fs150 fc16 sc0 ls1fa ws1\">years </td><td class=\"t m0 xae5 h19e y3984 ff42 fs150 fc16 sc0 ls1fa ws1\">years </td><td class=\"t m0 x274 h19e y3984 ff42 fs150 fc16 sc0 ls1f4 ws1\">Total </td></tr><tr><td></td><td class=\"t m0 x589 h19e y3985 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x58a h19e y3985 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d9 h19e y3985 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1da h19e y3985 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3985 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td></tr><tr><td class=\"c x1dc y3938 w7f0 h1d6\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws481\">Gross debt</div><div class=\"t m0 xc30 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xc31 y3938 w7f1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws492\">337<span class=\"_ _458\"> </span></div></td><td class=\"c n xc32 y3938 w95 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws492\">105<span class=\"_ _458\"> </span></div></td><td class=\"c n xc33 y3938 w7f2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws492\">1,374<span class=\"_ _458\"> </span></div></td><td class=\"c n xc34 y3938 w6b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws492\">937<span class=\"_ _458\"> </span></div></td><td class=\"c n xc35 y3938 w7f3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws492\">2,753<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3915 w7f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">Interest on debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xc36 y3915 w7f5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws493\">129<span class=\"_ _458\"> </span></div></td><td class=\"c n xc37 y3915 w7f6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws493\">110<span class=\"_ _458\"> </span></div></td><td class=\"c n xc38 y3915 w7f7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws493\">272<span class=\"_ _458\"> </span></div></td><td class=\"c n xc39 y3915 w7f8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws493\">195<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3a y3915 w7f9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws493\">706<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y386f w7fa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws2f9\">Derivative payments<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3b y386f w7fb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws494\">93<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3c y386f w7fc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws494\">66<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3d y386f w175 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws494\">31<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3e y386f w7c2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws494\">14<span class=\"_ _458\"> </span></div></td><td class=\"c n xc3f y386f w7fd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws494\">204<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y365d w7fe h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Lease liability payments<span class=\"_ _458\"> </span></div></td><td class=\"c n x8c9 y365d w3ec h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws495\">9<span class=\"_ _458\"> </span></div></td><td class=\"c n xc40 y365d w7ff h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws495\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n xc41 y365d w3f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws495\">30<span class=\"_ _458\"> </span></div></td><td class=\"c n xc42 y365d w800 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws495\">319<span class=\"_ _458\"> </span></div></td><td class=\"c n xc43 y365d w1f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws495\">368<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3848 w801 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">Total payments<span class=\"_ _458\"> </span></div></td><td class=\"c n xc44 y3848 w802 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws496\">568<span class=\"_ _458\"> </span></div></td><td class=\"c n xc45 y3848 w800 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws496\">291<span class=\"_ _458\"> </span></div></td><td class=\"c n xc46 y3848 w803 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws496\">1,70<span class=\"_ _1\"></span>7<span class=\"_ _458\"> </span></div></td><td class=\"c n xc47 y3848 w804 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws496\">1,465<span class=\"_ _458\"> </span></div></td><td class=\"c n xc48 y3848 w805 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws496\">4,031<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y365e w806 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Derivative receipts<span class=\"_ _458\"> </span></div></td><td class=\"c n xc49 y365e w807 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws497\">(117<span class=\"_ _1\"></span>)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4a y365e w808 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws497\">(81)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4b y365e w5a1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws497\">(18)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4c y365e w809 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws497\">(4)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4d y365e w80a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws497\">(220)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y374f w80b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">Net payment<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4e y374f w80c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws498\">451<span class=\"_ _458\"> </span></div></td><td class=\"c n xc4f y374f w80d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws498\">210<span class=\"_ _458\"> </span></div></td><td class=\"c n xc50 y374f w80e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws498\">1,689<span class=\"_ _458\"> </span></div></td><td class=\"c n xb5e y374f w5b6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws498\">1,461<span class=\"_ _458\"> </span></div></td><td class=\"c n xc51 y374f w80f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws498\">3,811<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w810 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Operating leases with tenants<span class=\"_ _458\"> </span></div></td><td class=\"c n xc52 y3653 w5ba h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws499\">307<span class=\"_ _458\"> </span></div></td><td class=\"c n xc53 y3653 w811 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws499\">271<span class=\"_ _458\"> </span></div></td><td class=\"c n xc54 y3653 w812 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws499\">583<span class=\"_ _458\"> </span></div></td><td class=\"c n xc55 y3653 w813 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws499\">584<span class=\"_ _458\"> </span></div></td><td class=\"c n xc56 y3653 w814 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws499\">1,745<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b7 w815 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Liquidity (deficit) surplus<span class=\"_ _458\"> </span></div></td><td class=\"c n xc57 y36b7 w816 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws49a\">(144)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc58 y36b7 w817 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws49a\">61<span class=\"_ _458\"> </span></div></td><td class=\"c n xc59 y36b7 w818 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws49a\">(1,106)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5a y36b7 w819 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws49a\">(877)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5b y36b7 w81a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws49a\">(2,066)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w81b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws255\">Cumulative liquidity deficit<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5c y3655 w81c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws49b\">(144)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5d y3655 w7a9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws49b\">(83)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5e y3655 w81d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws49b\">(1,189)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc5f y3655 w81e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws49b\">(2,066)</div></td><td></td></tr></table><table class=\"s w81f h214\" id=\"_70ab8d4d-72c3-4744-a06f-b14bafa08184\"><tr><td></td><td></td><td></td><td class=\"t m0 xc2d h19e y3986 ff42 fs150 fc16 sc0 ls1 ws1\"> <span class=\"_ _334\"> </span><span class=\"ff43 fc18 ls234\">2024</span><span class=\"ff43 fc18 ls234\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x1cf h19e y3987 ff43 fs150 fc18 sc0 ls337 ws49c\">Within one </td><td class=\"t m0 x6eb h19e y3983 ff43 fs150 fc18 sc0 ls331 ws1\">Following<span class=\"_ _6\"></span> </td><td class=\"t m0 x44c h19e y3988 ff43 fs150 fc18 sc0 ls25e ws315\">Three to five </td><td class=\"t m0 xc2e h19e y3989 ff43 fs150 fc18 sc0 ls25f ws383\">Over five </td><td></td></tr><tr><td></td><td class=\"t m0 x562 h19e y398a ff43 fs150 fc18 sc0 ls337 ws1\">year </td><td class=\"t m0 x1d8 h19e y3984 ff43 fs150 fc18 sc0 ls337 ws1\">year </td><td class=\"t m0 xc29 h19e y398b ff43 fs150 fc18 sc0 ls25e ws1\">years </td><td class=\"t m0 xae5 h19e y398c ff43 fs150 fc18 sc0 ls25e ws1\">years </td><td class=\"t m0 x1d4 h19e y398c ff43 fs150 fc18 sc0 ls1ff ws1\">Total </td></tr><tr><td></td><td class=\"t m0 x589 h19e y3985 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x58a h19e y398d ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1d9 h19e y398e ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1da h19e y398f ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y398f ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c x1dc y3938 w7f0 h1d6\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws481\">Gross debt</div><div class=\"t m0 xc30 h1a0 y362c ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xc60 y3938 w820 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws49d\">12<span class=\"_ _458\"> </span></div></td><td class=\"c n xc61 y3938 w821 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws49d\">318<span class=\"_ _458\"> </span></div></td><td class=\"c n xc62 y3938 w822 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws49d\">999<span class=\"_ _458\"> </span></div></td><td class=\"c n xc63 y3938 w823 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws49d\">911<span class=\"_ _458\"> </span></div></td><td class=\"c n xc64 y3938 w824 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws49d\">2,240<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3915 w825 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">Interest on debt<span class=\"_ _458\"> </span></div></td><td class=\"c n xc65 y3915 w826 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">112<span class=\"_ _458\"> </span></div></td><td class=\"c n xc66 y3915 w26c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">101<span class=\"_ _458\"> </span></div></td><td class=\"c n xc67 y3915 w23b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">223<span class=\"_ _458\"> </span></div></td><td class=\"c n xc68 y3915 w826 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">211<span class=\"_ _458\"> </span></div></td><td class=\"c n xc69 y3915 w827 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws26b\">647<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y386f w828 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">Derivative <span class=\"_ _2bd\"></span>payments<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6a y386f w4fa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">15<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6b y386f w829 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">93<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6c y386f w11c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">88<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6d y386f w60e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">17<span class=\"_ _458\"> </span></div></td><td class=\"c n x4c8 y386f w82a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws49e\">213<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y365d w82b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Lease liability payments<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6e y365d wb7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n xc6f y365d w82c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n xc70 y365d w82d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">30<span class=\"_ _458\"> </span></div></td><td class=\"c n xc71 y365d w82e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">342<span class=\"_ _458\"> </span></div></td><td class=\"c n xc72 y365d w82f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">392<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3848 w830 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">Total payments<span class=\"_ _458\"> </span></div></td><td class=\"c n xc73 y3848 w831 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">149<span class=\"_ _458\"> </span></div></td><td class=\"c n xc74 y3848 w832 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">522<span class=\"_ _458\"> </span></div></td><td class=\"c n xc75 y3848 w833 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">1,340<span class=\"_ _458\"> </span></div></td><td class=\"c n xc76 y3848 w834 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">1,481<span class=\"_ _458\"> </span></div></td><td class=\"c n xc77 y3848 w835 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">3,492<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y365e w836 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">Derivative receipts<span class=\"_ _458\"> </span></div></td><td class=\"c n xc78 y365e w837 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">(56)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc79 y365e w5ff h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">(103)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7a y365e w63 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">(85)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7b y365e w838 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7c y365e w839 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">(245)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y374f w80b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">Net payment<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7d y374f w641 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws49f\">93<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7e y374f w83a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws49f\">419<span class=\"_ _458\"> </span></div></td><td class=\"c n xc7f y374f w83b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws49f\">1,255<span class=\"_ _458\"> </span></div></td><td class=\"c n xc80 y374f w83c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws49f\">1,480<span class=\"_ _458\"> </span></div></td><td class=\"c n xc81 y374f w83d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws49f\">3,247<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w83e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Operating leases with tenan<span class=\"ls243 ws4a0\">ts<span class=\"_ _458\"> </span></span></div></td><td class=\"c n xc82 y3653 w3f0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws4a0\">260<span class=\"_ _458\"> </span></div></td><td class=\"c n xc83 y3653 w83f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws4a0\">234<span class=\"_ _458\"> </span></div></td><td class=\"c n xc84 y3653 w840 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws4a0\">503<span class=\"_ _458\"> </span></div></td><td class=\"c n x27e y3653 w1c9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws4a0\">556<span class=\"_ _458\"> </span></div></td><td class=\"c n xc85 y3653 w841 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws4a0\">1,553<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b7 w842 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Liquidity surplus (deficit)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc86 y36b7 w843 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">167<span class=\"_ _458\"> </span></div></td><td class=\"c n xc87 y36b7 w844 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(185)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc88 y36b7 w845 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(752)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc89 y36b7 w846 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(924)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8a y36b7 w847 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">(1,694)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w848 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20b ws219\">Cumulative liquidity surplus (deficit)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8b y3655 w38f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4a1\">167<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8c y3655 w849 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4a1\">(18)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8d y3655 w84a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4a1\">(770)<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8e y3655 w84b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4a1\">(1,694)<span class=\"_ _458\"> </span></div></td><td></td></tr></table>1. <span class=\"_ _24\"> </span>Gross debt of \u00a32,728m (2023/24: \u00a32,212m) represents the<span class=\"_ _d\"></span> total of \u00a32,753m (2023/24: \u00a32,240m)<span class=\"ls311 ws37f\">, less unamortis<span class=\"_ _d\"></span>ed issue costs of<span class=\"ls9c ws1\"> \u00a317m<span class=\"_ _458\"> </span></span></span>(2023/24: \u00a310m), less fair value adjustm<span class=\"ls248 ws249\">ents to debt of<span class=\"_ _6\"></span> \u00a38m (2023/24: \u00a318m).<span class=\"_ _458\"> </span></span>Any short term liquidity gap between the net payments requ<span class=\"ls24d ws25b\">ired and the rentals receivable can be met through other<span class=\"_ _458\"> </span></span>liquidity sources available to the Group, such as committed undrawn borrowing facilities of<span class=\"ls2b5 ws2bd\"> \u00a31,<span class=\"_ _6\"></span>775m (2023/24: \u00a3<span class=\"_ _6\"></span>1,845m)<span class=\"_ _458\"> </span></span>and cash and cash equivalents of \u00a357m (2023/24: \u00a388m), of <span class=\"ls2a1 ws252\">which \u00a321m (2023/24: \u00a358m) is not subject to a security<span class=\"_ _458\"> </span></span>interest. As a result, the Group has no requirement to refinance until late 20<span class=\"_ _1\"></span>28. Further liquidity can be achieved through<span class=\"_ _458\"> </span>sales of property assets o<span class=\"_ _6\"></span>r investments and finan<span class=\"_ _6\"></span>cing activity.<span class=\"_ _458\"> </span>The Group\u2019s property portfolio is valued externally at \u00a36<span class=\"ls249 ws28e\">,065m <span class=\"_ _6\"></span>(2023/24: \u00a35,130m) and the share<span class=\"_ _6\"></span> of joint ventures\u2019<span class=\"_ _458\"> </span></span>property is valued at \u00a33,421m (2023/24: \u00a33,568m). <span class=\"_ _6\"></span>The co<span class=\"ls272 ws287\">mmitted undrawn borrowing facilities available to the Group<span class=\"_ _458\"> </span></span>are a further source of liquidity. The maturity profile of committed undrawn borrowing facilities is shown below<span class=\"_ _6\"></span>.<span class=\"_ _458\"> </span>Maturity of committed und<span class=\"ls381 ws4a2\">rawn borrowing facilities</span><table class=\"s w84c h215\" id=\"_2f501ddf-efff-4874-b164-73a411d8a6c1\"><tr><td></td><td class=\"t m0 x273 h19e y3990 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3990 ff43 fs150 fc18 sc0 ls1f5 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3991 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3991 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3992 w84d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">Maturity date: <span class=\"_ _3\"></span>over five years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc8f y3992 w4cf h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">140<span class=\"_ _458\"> </span></div></td><td class=\"c n xc90 y3992 w84e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">145<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n xc91 y3993 w84f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">between four and five years<span class=\"_ _458\"> </span></div></td><td class=\"c n x2c5 y3993 w850 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws1\">1,055<span class=\"_ _458\"> </span></div></td><td class=\"c n x2a7 y3993 w463 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">310<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n xc91 y3994 w851 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">between three and four years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc92 y3994 wa4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">6<span class=\"_ _458\"> </span></div></td><td class=\"c n xc93 y3994 w11a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws1\">149<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3995 w852 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Total facilities available for more than three years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc94 y3995 w853 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws1\">1,201<span class=\"_ _458\"> </span></div></td><td class=\"c n xc95 y3995 w45a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls222 ws1\">604<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3996 w854 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws2f9\">Between two and three years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc96 y3996 wd2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls200 ws1\">24<span class=\"_ _458\"> </span></div></td><td class=\"c n xc97 y3996 w855 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls33a ws1\">450<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3997 w856 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws2f9\">Between one and two years<span class=\"_ _458\"> </span></div></td><td class=\"c n xc98 y3997 w857 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">450<span class=\"_ _458\"> </span></div></td><td class=\"c n xc99 y3997 w1c9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls219 ws1\">625<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3998 w858 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Within one year<span class=\"_ _458\"> </span></div></td><td class=\"c n xc9a y3998 w2ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws1\">100<span class=\"_ _458\"> </span></div></td><td class=\"c n xc9b y3998 w859 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws1\">166<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3999 w26d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n xc9c y3999 w85a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">1,775<span class=\"_ _458\"> </span></div></td><td class=\"c n xc9d y3999 w85b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws1\">1,845</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-512": {
   "value": "<div class=\"t m0 h1a7 ff42 fs153 fc16 sc0 ls31c ws4a3 gs416\">17 Leasing </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls29e ws2af gs417\">Operating leases with tenants </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls295 ws2a6 gs418\">The Group leases out all <span class=\"_ _6\"></span>of its investment prope<span class=\"_ _6\"></span>rties under op<span class=\"ls27c ws291\">erating leases with a<span class=\"_ _d\"></span> weighted <span class=\"ls288 ws295\">average lease length of five </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs419\">years (2023/24: six years). The future aggregate minimum rentals rece<span class=\"_ _6\"></span>ivable under non-cancellable operating leases are </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls295 ws2a6 gs41a\">as follows: </div><div class=\"gs41b\"><table class=\"s w85c h216\" id=\"_9e0e0e66-88f9-4d49-8274-70cd71085d22\"><tr><td></td><td class=\"t m0 x273 h19e y399a ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y399a ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y399b ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y399b ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y399c w418 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Less than one year<span class=\"_ _458\"> </span></div></td><td class=\"c n xc9e y399c w6ac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls322 ws1\">307<span class=\"_ _458\"> </span></div></td><td class=\"c n xc9f y399c w6a0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws1\">260<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3784 w856 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws2f9\">Between one and two years<span class=\"_ _458\"> </span></div></td><td class=\"c n xca0 y3784 w85d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws1\">271<span class=\"_ _458\"> </span></div></td><td class=\"c n xca1 y3784 w390 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws1\">234<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3722 w85e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">Between three and five years<span class=\"_ _458\"> </span></div></td><td class=\"c n xca2 y3722 w15f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls244 ws1\">583<span class=\"_ _458\"> </span></div></td><td class=\"c n xca3 y3722 w85f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls366 ws1\">503<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y370a w860 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Between six and ten years<span class=\"_ _458\"> </span></div></td><td class=\"c n xca4 y370a w861 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls244 ws1\">364<span class=\"_ _458\"> </span></div></td><td class=\"c n xca5 y370a w862 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls383 ws1\">355<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w863 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">Between eleven and fifteen years<span class=\"_ _458\"> </span></div></td><td class=\"c n xca6 y3652 w80d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">164<span class=\"_ _458\"> </span></div></td><td class=\"c n xca7 y3652 w75d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws1\">147<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3759 w864 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">Between sixteen and twenty years<span class=\"_ _458\"> </span></div></td><td class=\"c n xca8 y3759 wc0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls215 ws1\">48<span class=\"_ _458\"> </span></div></td><td class=\"c n xbe6 y3759 wd6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">39<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w865 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws3c0\">After twenty years<span class=\"_ _458\"> </span></div></td><td class=\"c n xa6c y375a w561 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls202 ws1\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n xa6d y375a wf1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">15<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w26d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n xca9 y3655 w866 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">1,745<span class=\"_ _458\"> </span></div></td><td class=\"c n xcaa y3655 w867 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">1,553<span class=\"_ _458\"> </span></div></td></tr></table></div>Lease commitments<span class=\"_ _458\"> </span>Lease liabilities are payable in line with the disclosure belo<span class=\"ls277 ws28d\">w and no contingent rents were payable in either year.<span class=\"_ _458\"> </span></span>The lease payments mainly relate to head leases wher<span class=\"ls270 ws285\">e the Group do<span class=\"_ _6\"></span>es not own th<span class=\"ls29b ws1fd\">e freehold of<span class=\"_ _6\"></span> a property.</span></span><table class=\"s w868 h217\" id=\"_b9ab6dcd-6dad-479a-933e-e969e30d1a56\"><tr><td></td><td></td><td class=\"c n xcab y399d w28 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025<span class=\"_ _458\"> </span></div></td><td></td><td></td><td class=\"c n xcac y399d w29 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f5 ws235\">2024<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 xcad h19e y399e ff42 fs150 fc16 sc0 ls1f7 ws1\">Minimum </td><td></td><td></td><td class=\"t m0 xcae h19e y399f ff43 fs150 fc18 sc0 ls25f ws1\">Minimum </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xcaf h19e y39a0 ff42 fs150 fc16 sc0 ls2f0 ws1\">lease </td><td></td><td></td><td class=\"t m0 x53f h19e y39a1 ff43 fs150 fc18 sc0 ls1f7 ws1\">lease </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xb93 h19e y39a2 ff42 fs150 fc16 sc0 ls259 ws1\">payments </td><td class=\"t m0 x3e9 h19e y39a2 ff42 fs150 fc16 sc0 ls384 ws1\">Interest </td><td class=\"t m0 x6eb h19e y39a2 ff42 fs150 fc16 sc0 ls2fa ws1\">Principal </td><td class=\"t m0 xad3 h19e y39a3 ff43 fs150 fc18 sc0 ls1f7 ws1\">payments </td><td class=\"t m0 xcb0 h19e y39a3 ff43 fs150 fc18 sc0 ls2fc ws1\">Interest </td><td class=\"t m0 x3ed h19e y39a3 ff43 fs150 fc18 sc0 ls2ea ws1\">Principal </td></tr><tr><td></td><td class=\"t m0 x1d6 h19e y39a4 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d7 h19e y39a4 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1d8 h19e y39a4 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m  <span class=\"ff43 fc18 ls1\"> </span></td><td class=\"t m0 x1d9 h19e y39a5 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1da h19e y39a5 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y39a5 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"t m0 x20e h19f y39a6 ff42 fs151 fc18 sc0 ls1 ws222\">British Land Group <span class=\"_ _ce\"> </span><span class=\"fc16 ls3db ws610\"> <span class=\"_ _433\"></span> <span class=\"_ _433\"></span> <span class=\"_ _1ce\"></span><span class=\"_ _433\"></span><span class=\"ff43 fc18 ls3db ws610\"> <span class=\"_ _434\"></span> <span class=\"_ _0\"></span><span class=\"_ _434\"></span> <span class=\"_ _5\"> </span></span></span><span class=\"fc16 ls3db ws610\"><span class=\"ff43 fc18 ls3db ws610\"><span class=\"_ _434\"></span> </span></span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3870 w418 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Less than one year<span class=\"_ _458\"> </span></div></td><td class=\"c n xcb1 y3870 w869 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws4a5\">9<span class=\"_ _458\"> </span></div></td><td class=\"c n xcb2 y3870 w127 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws4a5\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xcb3 y3870 w51c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws4a5\">7<span class=\"_ _458\"> </span></div></td><td class=\"c n x296 y3870 w86a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws4a6\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n xcb4 y3870 w86b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws4a6\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n xcb5 y3870 w58 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws4a6\">6<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3839 w856 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws2f9\">Between one and two years<span class=\"_ _458\"> </span></div></td><td class=\"c n xcb6 y3839 w86c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws4a7\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n xcb7 y3839 w127 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws4a7\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xcb8 y3839 w3eb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws4a7\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n x296 y3839 wcc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws4a8\">10<span class=\"_ _458\"> </span></div></td><td class=\"c n xcb9 y3839 w39c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws4a8\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n xcba y3839 w86d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws4a8\">7<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39a7 w86e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">Between two and five years<span class=\"_ _458\"> </span></div></td><td class=\"c n xcbb y39a7 w86f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws4a9\">30<span class=\"_ _458\"> </span></div></td><td class=\"c n xcbc y39a7 w870 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws4a9\">8<span class=\"_ _458\"> </span></div></td><td class=\"c n xcbd y39a7 w871 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws4a9\">22<span class=\"_ _458\"> </span></div></td><td class=\"c n xcbe y39a7 w872 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4aa\">30<span class=\"_ _458\"> </span></div></td><td class=\"c n xcbf y39a7 w52d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4aa\">9<span class=\"_ _458\"> </span></div></td><td class=\"c n x786 y39a7 w500 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4aa\">21<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y383b w873 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">More than five years<span class=\"_ _458\"> </span></div></td><td class=\"c n xcc0 y383b w800 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws4ab\">319<span class=\"_ _458\"> </span></div></td><td class=\"c n xcc1 y383b w1fa h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws4ab\">242<span class=\"_ _458\"> </span></div></td><td class=\"c n xcc2 y383b w37e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws4ab\">77<span class=\"_ _458\"> </span></div></td><td class=\"c n xc54 y383b w874 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws4ac\">342<span class=\"_ _458\"> </span></div></td><td class=\"c n xcc3 y383b w875 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws4ac\">249<span class=\"_ _458\"> </span></div></td><td class=\"c n xa75 y383b w876 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws4ac\">93<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3750 w26d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n xcc4 y3750 w877 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws4ad\">368<span class=\"_ _458\"> </span></div></td><td class=\"c n xcc5 y3750 w878 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws4ad\">254<span class=\"_ _458\"> </span></div></td><td class=\"c n xcc6 y3750 w879 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws4ad\">114<span class=\"_ _458\"> </span></div></td><td class=\"c n xcc7 y3750 w87 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws4ae\">392<span class=\"_ _458\"> </span></div></td><td class=\"c n x3fd y3750 w379 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws4ae\">265<span class=\"_ _458\"> </span></div></td><td class=\"c n xcc8 y3750 w87a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws4ae\">127<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3770 w87b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Less future finance charges<span class=\"_ _458\"> </span></div></td><td class=\"c n xcc9 y3770 w87c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws4af\">(254)<span class=\"_ _458\"> </span></div></td><td></td><td></td><td class=\"c n xcca y3770 w87d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4b0\">(265)<span class=\"_ _458\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3655 w87e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">Present value of lease obligations<span class=\"_ _458\"> </span></div></td><td class=\"c n xccb y3655 w87f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws4b1\">114<span class=\"_ _458\"> </span></div></td><td></td><td></td><td class=\"c n xccc y3655 w6d8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws4b2\">127</div></td><td></td><td></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-535": {
   "value": "<div class=\"t m0 h1a7 ff42 fs153 fc16 sc0 ls2e4 ws4b9 gs425\">19 <span class=\"_ _2b\"> </span>Share capital and rese<span class=\"_ _1\"></span>rves </div><div class=\"gs218\"><table class=\"s w89c h219\" id=\"_40ba370d-7edd-4402-948e-402f84cd5950\"><tr><td></td><td class=\"c n xce8 y39b1 w28 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025<span class=\"_ _458\"> </span></div></td><td class=\"c n xce9 y39b1 w29 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f5 ws1\">2024<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3759 w89d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Number of ordinary shares in issue at 1 April<span class=\"_ _458\"> </span></div></td><td class=\"c n xcea y3759 w89e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">938,764,023<span class=\"_ _458\"> </span></div></td><td class=\"c n xceb y3759 w89f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws1\">938,334,977<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w8a0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">Share issues<span class=\"_ _458\"> </span></div></td><td class=\"c n xcec y375a w8a1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">71,656<span class=\"_ _1\"></span>,481<span class=\"_ _458\"> </span></div></td><td class=\"c n xced y375a w8a2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws1\">429,046<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w32d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">At 31 March<span class=\"_ _458\"> </span></div></td><td class=\"c n xcee y3655 w8a3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">1,010,420,504<span class=\"_ _458\"> </span></div></td><td class=\"c n xcef y3655 w8a4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">938,764,023<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs426\">Of the issued 25p ordinary shares, nil shares were held in <span class=\"ls272 ws287\">the ESOP trust (2023/24: 7,376)<span class=\"ls271 ws286\">, 11,266,245 sha<span class=\"_ _6\"></span>res were held<span class=\"_ _458\"> </span></span></span><span class=\"ls272 ws287\"><span class=\"ls271 ws286\"> </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a2 ws25a gs427\">as treasury shares<span class=\"_ _6\"></span> (2023/24: 11,2<span class=\"_ _6\"></span>66,245) and 999<span class=\"_ _6\"></span>,154,259 shares we<span class=\"_ _d\"></span>re in free issue (2023/24: 927,<span class=\"_ _6\"></span>490,402). No <span class=\"_ _6\"></span>treasury<span class=\"_ _458\"> </span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws25b gs428\">shares were acquired by the ESOP trust during<span class=\"ls26f ws284\"> the year. All issued shares are fully paid. </span><span class=\"ls26f ws284\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls270 ws285 gs429\">On 2 October 2024, the C<span class=\"_ _6\"></span>ompany announced a share pl<span class=\"ls289 ws29b\">acing, retail offer and sub<span class=\"_ _6\"></span>scription of 71,227,309<span class=\"fc19 ls1 ws1\"> </span><span class=\"ls387 ws298\">ordinary shar<span class=\"_ _1\"></span>es<span class=\"_ _458\"> </span></span></span><span class=\"ls289 ws29b\"><span class=\"ls387 ws298\"> </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls295 ws2a6 gs42a\">of 25p each at a price <span class=\"_ _6\"></span>of 422 pence per share. The <span class=\"_ _6\"></span>Comp<span class=\"ls288 ws295\">any raised gross proceed<span class=\"_ _6\"></span>s of \u00a3301m and net proceeds of<span class=\"_ _458\"> </span></span><span class=\"ls288 ws295\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24d ws25b gs42b\">\u00a3295m. Consequently, the Company\u2019s share capital increase<span class=\"ls299 ws2a3\">d by \u00a318m and share premium <span class=\"ls288 ws295\">by \u00a3277m. The new shares<span class=\"_ _458\"> </span></span></span><span class=\"ls299 ws2a3\"><span class=\"ls288 ws295\"> </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs42c\">are fully paid and rank pari passu in all respects with those<span class=\"_ _6\"></span> <span class=\"ls299 ws2a3\">ordinary shares of the Company in issue prior to the placing.<span class=\"_ _458\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-513": {
   "value": "19 <span class=\"_ _2b\"> </span>Share capital and rese<span class=\"_ _1\"></span>rves<table class=\"s w89c h219\" id=\"_40ba370d-7edd-4402-948e-402f84cd5950\"><tr><td></td><td class=\"c n xce8 y39b1 w28 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025<span class=\"_ _458\"> </span></div></td><td class=\"c n xce9 y39b1 w29 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f5 ws1\">2024<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3759 w89d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Number of ordinary shares in issue at 1 April<span class=\"_ _458\"> </span></div></td><td class=\"c n xcea y3759 w89e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20d ws1\">938,764,023<span class=\"_ _458\"> </span></div></td><td class=\"c n xceb y3759 w89f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws1\">938,334,977<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w8a0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">Share issues<span class=\"_ _458\"> </span></div></td><td class=\"c n xcec y375a w8a1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">71,656<span class=\"_ _1\"></span>,481<span class=\"_ _458\"> </span></div></td><td class=\"c n xced y375a w8a2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws1\">429,046<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w32d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls209 ws240\">At 31 March<span class=\"_ _458\"> </span></div></td><td class=\"c n xcee y3655 w8a3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">1,010,420,504<span class=\"_ _458\"> </span></div></td><td class=\"c n xcef y3655 w8a4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">938,764,023<span class=\"_ _458\"> </span></div></td></tr></table>Of the issued 25p ordinary shares, nil shares were held in <span class=\"ls272 ws287\">the ESOP trust (2023/24: 7,376)<span class=\"ls271 ws286\">, 11,266,245 sha<span class=\"_ _6\"></span>res were held<span class=\"_ _458\"> </span></span></span>as treasury shares<span class=\"_ _6\"></span> (2023/24: 11,2<span class=\"_ _6\"></span>66,245) and 999<span class=\"_ _6\"></span>,154,259 shares we<span class=\"_ _d\"></span>re in free issue (2023/24: 927,<span class=\"_ _6\"></span>490,402). No <span class=\"_ _6\"></span>treasury<span class=\"_ _458\"> </span>shares were acquired by the ESOP trust during<span class=\"ls26f ws284\"> the year. All issued shares are fully paid. </span>On 2 October 2024, the C<span class=\"_ _6\"></span>ompany announced a share pl<span class=\"ls289 ws29b\">acing, retail offer and sub<span class=\"_ _6\"></span>scription of 71,227,309<span class=\"fc19 ls1 ws1\"> </span><span class=\"ls387 ws298\">ordinary shar<span class=\"_ _1\"></span>es<span class=\"_ _458\"> </span></span></span>of 25p each at a price <span class=\"_ _6\"></span>of 422 pence per share. The <span class=\"_ _6\"></span>Comp<span class=\"ls288 ws295\">any raised gross proceed<span class=\"_ _6\"></span>s of \u00a3301m and net proceeds of<span class=\"_ _458\"> </span></span>\u00a3295m. Consequently, the Company\u2019s share capital increase<span class=\"ls299 ws2a3\">d by \u00a318m and share premium <span class=\"ls288 ws295\">by \u00a3277m. The new shares<span class=\"_ _458\"> </span></span></span>are fully paid and rank pari passu in all respects with those<span class=\"_ _6\"></span> <span class=\"ls299 ws2a3\">ordinary shares of the Company in issue prior to the placing.<span class=\"_ _458\"> </span></span>Hedging and translation reserve<span class=\"_ _458\"> </span>The hedging and translation rese<span class=\"_ _6\"></span>rve comprises the effective <span class=\"_ _6\"></span><span class=\"ls299 ws2a3\">portion of the cumulative net change in the fair value<span class=\"_ _458\"> </span></span>of cash flow and foreign currency hedging instruments, as<span class=\"ls299\"> well as all foreign exchange differences arising from the<span class=\"_ _458\"> </span></span>translation of the financial statements of foreign operations. The for<span class=\"_ _1\"></span>eign exchange differences also include the<span class=\"_ _458\"> </span>translation of the liabilities that hedge the Company\u2019s net in<span class=\"ls274 ws289\">vestment in a foreign subsidiary. In the current year to<span class=\"_ _458\"> </span></span>31 March 2025, \u00a3nil (2023/24<span class=\"_ _6\"></span>: \u00a32m) was reclassified from th<span class=\"ls273 ws288\">e hedging and translation reserv<span class=\"_ _d\"></span><span class=\"ls24a ws258\">e to the income statement.<span class=\"_ _458\"> </span></span></span>Revaluation reserve<span class=\"_ _458\"> </span>The revaluation reserve relates to investments in joint ve<span class=\"ls2a4 ws2aa\">ntures. In the current year to 31 March 2025, \u00a3nil was<span class=\"_ _458\"> </span></span>transferred from th<span class=\"_ _6\"></span>e revaluation<span class=\"_ _6\"></span> reserve to reta<span class=\"_ _6\"></span>ined earnings (2<span class=\"_ _6\"></span>023/24: \u00a31m). Merger reserve<span class=\"_ _458\"> </span>This comprises the premium<span class=\"_ _d\"></span> on the share <span class=\"ls27c ws291\">placing in the year ended 31 March 2013<span class=\"ls295 ws2a6\">. N<span class=\"_ _6\"></span>o share premium is rec<span class=\"_ _6\"></span>orded in the<span class=\"_ _458\"> </span></span></span>Company\u2019s financial statements, through the operation of <span class=\"ls299 ws2a3\">the merger relief provisions of the Companies Act 2006.<span class=\"_ _458\"> </span></span>At 31 March 202<span class=\"_ _1\"></span>5, options over 1,172,15<span class=\"_ _1\"></span>9 ordinary shares<span class=\"ls1 ws29d\"> were outstanding under employee<span class=\"_ _d\"></span> share option plans.<span class=\"_ _458\"> </span></span>The options had a weighted average life of 2.42 years. <span class=\"_ _6\"></span><span class=\"ls29b ws1fd\">Details of outsta<span class=\"_ _6\"></span>nding share options and s<span class=\"_ _6\"></span>hares awarded<span class=\"_ _458\"> </span></span>to employees, including Executive Directors, <span class=\"ls289 ws29b\">are set out<span class=\"_ _6\"></span> below and on the following <span class=\"_ _6\"></span>page:</span><table class=\"s w8a5 h21a\" id=\"_5635cc7d-2394-43e2-aacb-1c4b579374be\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x689 h19e y39b2 ff43 fs150 fc18 sc0 ls335 ws4bc\"> <span class=\"_ _101\"> </span>  <span class=\"_ _1\"></span>    <span class=\"_ _35e\"></span> <span class=\"_ _1d7\"></span>Exercise <span class=\"_ _1dc\"></span>dates </td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xcf0 h19e y39b3 ff42 fs150 fc16 sc0 ls303 ws1\">At </td><td class=\"t m0 x451 h19e y39b4 ff43 fs150 fc18 sc0 ls2ec ws1\">Exercise </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xcf1 h19e y39b5 ff43 fs150 fc18 sc0 ls2fc ws300\">At 1 April </td><td></td><td class=\"t m0 xcf2 h19e y39b5 ff43 fs150 fc18 sc0 ls2ef ws1\">Exercised/ </td><td class=\"t m0 xcf3 h19e y39b5 ff43 fs150 fc18 sc0 ls1fb ws1\">Lapsed/ </td><td class=\"t m0 xcf4 h19e y39b6 ff42 fs150 fc16 sc0 ls2f8 ws2fa\">31 March </td><td class=\"t m0 x567 h19e y39b7 ff43 fs150 fc18 sc0 ls1fe ws1\">price </td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19e y39b8 ff42 fs150 fc16 sc0 ls1f6 ws474\">Date of grant </td><td class=\"t m0 xb62 h19e y39b9 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td><td class=\"t m0 xb93 h19e y39b8 ff43 fs150 fc18 sc0 ls2ef ws1\">Granted </td><td class=\"t m0 xcf5 h19e y39b9 ff43 fs150 fc18 sc0 ls1fa ws1\">Vested </td><td class=\"t m0 xcf6 h19e y39b9 ff43 fs150 fc18 sc0 ls2ec ws1\">Forfeited </td><td class=\"t m0 xcf7 h19e y39ba ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 xc29 h19e y39bb ff43 fs150 fc18 sc0 ls259 ws1\">(pence) </td><td class=\"c n xcf8 y39bc w8a6 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls331 ws4bd\">From<span class=\"_ _458\"> </span></div></td><td class=\"c n xcf9 y39bc w8a7 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls331 ws4bd\">To<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y39bd ff42 fs151 fc18 sc0 ls223 ws250\">Share options Sharesave Scheme <span class=\"_ _ac\"> </span><span class=\"ff43 ls3db ws610\"> <span class=\"_ _440\"></span> <span class=\"_ _1\"></span><span class=\"_ _440\"></span> <span class=\"_ _440\"></span> <span class=\"_ _440\"></span><span class=\"ff42 fc16 ls1\"> <span class=\"_ _1f2\"> </span></span><span class=\"_ _440\"></span><span class=\"ls389\">  <span class=\"_ _67\"> </span> </span></span><span class=\"ff43 ls3db ws610\"><span class=\"ls389\"><span class=\"_ _87\"> </span> </span></span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y39be w8a8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4be\">18.06.19<span class=\"_ _458\"> </span></div></td><td class=\"c n xcfa y39be w888 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4be\">5,516<span class=\"_ _458\"> </span></div></td><td class=\"c n xcfb y39be wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4be\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xcfc y39be wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4be\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xcfd y39be w8a9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4be\">(4,827)<span class=\"_ _458\"> </span></div></td><td class=\"c n xcfe y39be w3f0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">689<span class=\"_ _458\"> </span></div></td><td class=\"c n xcff y39be w8aa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4bf\">435<span class=\"_ _458\"> </span></div></td><td class=\"c n xd00 y39be w8ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4bf\">01.09.24<span class=\"_ _458\"> </span></div></td><td class=\"c n xd01 y39be w8ac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4bf\">01.03.25<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39bf w8ad h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4c0\">07.07.20<span class=\"_ _458\"> </span></div></td><td class=\"c n xd02 y39bf w8ae h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4c0\">11,782<span class=\"_ _458\"> </span></div></td><td class=\"c n xd03 y39bf w170 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4c0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd04 y39bf w8af h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4c0\">(11,782)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd05 y39bf w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4c0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd06 y39bf w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd07 y39bf w8b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3af\">336<span class=\"_ _458\"> </span></div></td><td class=\"c n xd08 y39bf w8b1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3af\">01.09.23<span class=\"_ _458\"> </span></div></td><td class=\"c n xd09 y39bf w8b2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3af\">01.03.24<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39c0 w8b3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws4c1\">07.07.20<span class=\"_ _458\"> </span></div></td><td class=\"c n xd0a y39c0 w8b4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws4c1\">154,002<span class=\"_ _458\"> </span></div></td><td class=\"c n xd0b y39c0 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws4c1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd0c y39c0 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws4c1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd0d y39c0 w8b5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws4c1\">(8,928)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd0e y39c0 w8b6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws1\">145,074<span class=\"_ _458\"> </span></div></td><td class=\"c n xd0f y39c0 w83f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws4c2\">336<span class=\"_ _458\"> </span></div></td><td class=\"c n xd10 y39c0 w7de h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws4c2\">01.09.25<span class=\"_ _458\"> </span></div></td><td class=\"c n xd11 y39c0 w8b7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws4c2\">01.03.26<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39c1 w8b8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls358 ws4c3\">06.07.21<span class=\"_ _458\"> </span></div></td><td class=\"c n xd12 y39c1 w8b9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls358 ws4c3\">55,801<span class=\"_ _458\"> </span></div></td><td class=\"c n xd13 y39c1 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls358 ws4c3\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd14 y39c1 w8ba h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls358 ws4c3\">(<span class=\"_ _1\"></span>1<span class=\"ls206 ws4c4\">0,865</span><span class=\"ls206 ws4c4\">)<span class=\"_ _458\"> </span></span></div></td><td class=\"c n xd15 y39c1 w8bb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws4c4\">(40,938)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd16 y39c1 w80a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">3,998<span class=\"_ _458\"> </span></div></td><td class=\"c n xd17 y39c1 w8bc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4bf\">414<span class=\"_ _458\"> </span></div></td><td class=\"c n xd18 y39c1 w8ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4bf\">01.09.24<span class=\"_ _458\"> </span></div></td><td class=\"c n xd19 y39c1 w8ac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4bf\">01.03.25<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39c2 w8bd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws269\">06.07.21<span class=\"_ _458\"> </span></div></td><td class=\"c n xd1a y39c2 w8be h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws269\">19,849<span class=\"_ _458\"> </span></div></td><td class=\"c n xd1b y39c2 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws269\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd1c y39c2 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws269\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd1d y39c2 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws269\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd1e y39c2 w8bf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws1\">19,849<span class=\"_ _458\"> </span></div></td><td class=\"c n xd1f y39c2 w8c0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4c5\">414<span class=\"_ _458\"> </span></div></td><td class=\"c n xd08 y39c2 w8c1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4c5\">01.09.26<span class=\"_ _458\"> </span></div></td><td class=\"c n xd20 y39c2 w8c2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4c5\">01.03.27<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39c3 w8c3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws4c6\">22.06.22<span class=\"_ _458\"> </span></div></td><td class=\"c n xd21 y39c3 w8c4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws4c6\">68,000<span class=\"_ _458\"> </span></div></td><td class=\"c n xd22 y39c3 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws4c6\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd23 y39c3 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws4c6\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd24 y39c3 w8c5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws4c6\">(14,533)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd25 y39c3 w8c6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">53,467<span class=\"_ _458\"> </span></div></td><td class=\"c n xd26 y39c3 w227 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3a9\">421<span class=\"_ _458\"> </span></div></td><td class=\"c n xd27 y39c3 w8c7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3a9\">01.09.25<span class=\"_ _458\"> </span></div></td><td class=\"c n xd28 y39c3 w8c8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3a9\">01.03.26<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39c4 w8c9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws4c7\">22.06.22<span class=\"_ _458\"> </span></div></td><td class=\"c n xd29 y39c4 w8ca h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws4c7\">8,476<span class=\"_ _458\"> </span></div></td><td class=\"c n xd2a y39c4 w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws4c7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd2b y39c4 w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws4c7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd2c y39c4 w8cb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws4c7\">(1,781)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd2d y39c4 w8cc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">6,695<span class=\"_ _458\"> </span></div></td><td class=\"c n xd2e y39c4 w8cd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4c8\">421<span class=\"_ _458\"> </span></div></td><td class=\"c n xd2f y39c4 w8ce h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4c8\">01.09.27<span class=\"_ _458\"> </span></div></td><td class=\"c n xd30 y39c4 w8cf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4c8\">01.03.28<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39c5 w8d0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4c9\">21.06.23<span class=\"_ _458\"> </span></div></td><td class=\"c n xd31 y39c5 w8d1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4c9\">604,044<span class=\"_ _458\"> </span></div></td><td class=\"c n xd0b y39c5 wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4c9\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd32 y39c5 w8d2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4c9\">(4,842)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd33 y39c5 w8d3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4c9\">(68,337)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd34 y39c5 w8d4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws1\">530,865<span class=\"_ _458\"> </span></div></td><td class=\"c n xd35 y39c5 w8d5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws4bf\">287<span class=\"_ _458\"> </span></div></td><td class=\"c n xd36 y39c5 w8d6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws4bf\">01.09.26<span class=\"_ _458\"> </span></div></td><td class=\"c n xd37 y39c5 w8d7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws4bf\">01.03.27<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39c6 w8d8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4ca\">21.06.23<span class=\"_ _458\"> </span></div></td><td class=\"c n xd38 y39c6 w8d9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4ca\">290,141<span class=\"_ _458\"> </span></div></td><td class=\"c n xd39 y39c6 wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4ca\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd3a y39c6 wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4ca\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd3b y39c6 w8da h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4ca\">(21,322)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd3c y39c6 w8b4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws1\">268,819<span class=\"_ _458\"> </span></div></td><td class=\"c n xd3d y39c6 w8db h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4c5\">287<span class=\"_ _458\"> </span></div></td><td class=\"c n xd3e y39c6 w8dc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4c5\">01.09.28<span class=\"_ _458\"> </span></div></td><td class=\"c n xd3f y39c6 w8dd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4c5\">01.03.29<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39c7 w8de h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4cb\">03.07.24<span class=\"_ _458\"> </span></div></td><td class=\"c n xd40 y39c7 wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4cb\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd41 y39c7 w8df h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4cb\">107,821<span class=\"_ _458\"> </span></div></td><td class=\"c n xd42 y39c7 w170 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4cb\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd43 y39c7 w8e0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4cb\">(19,596)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd44 y39c7 w8e1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">88,225<span class=\"_ _458\"> </span></div></td><td class=\"c n xd45 y39c7 w8e2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws4cc\">352<span class=\"_ _458\"> </span></div></td><td class=\"c n xd46 y39c7 w8ba h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws4cc\">01.09.27<span class=\"_ _458\"> </span></div></td><td class=\"c n xd47 y39c7 w8e3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws4cc\">01.03.28<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39c8 w8e4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4cd\">03.07.24<span class=\"_ _458\"> </span></div></td><td class=\"c n xd48 y39c8 w236 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4cd\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd49 y39c8 w8e5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4cd\">61,210<span class=\"_ _458\"> </span></div></td><td class=\"c n xd4a y39c8 w24f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4cd\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd4b y39c8 w8e6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4cd\">(6,732)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd4c y39c8 w8e7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws1\">54,478<span class=\"_ _458\"> </span></div></td><td class=\"c n xd4d y39c8 w8e8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws4ce\">352<span class=\"_ _458\"> </span></div></td><td class=\"c n xd08 y39c8 w8e9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws4ce\">01.09.29<span class=\"_ _458\"> </span></div></td><td class=\"c n xd4e y39c8 w8ea h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws4ce\">01.03.30<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xd4f y39c9 w8eb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4cf\">1,217,611<span class=\"_ _458\"> </span></div></td><td class=\"c n xd50 y39c9 w8ec h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4cf\">169,031<span class=\"_ _458\"> </span></div></td><td class=\"c n xd51 y39c9 w8ed h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4d0\">(27,489)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd52 y39c9 w8ee h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4d0\">(186,994)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd53 y39c9 w8ef h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws1\">1,172,<span class=\"_ _1\"></span>159<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y39ca w8f0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws4d1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n xd54 y39ca w8f1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws4d1\">1,217,611<span class=\"_ _458\"> </span></div></td><td class=\"c n xd55 y39ca w8f2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws4d1\">169,03<span class=\"ls213 ws4d2\">1<span class=\"_ _458\"> </span></span></div></td><td class=\"c n xd56 y39ca w8f3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4d2\">(27,489)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd57 y39ca w8f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4d2\">(186,994)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd58 y39ca w8f5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws1\">1,172,159<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y39cb ff42 fs151 fc18 sc0 ls216 ws26b\">Weighted average exercise price </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3999 w8f6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls1 ws222\">of options (pence)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd59 y3999 w8f7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws4d3\">311<span class=\"_ _458\"> </span></div></td><td class=\"c n xd5a y3999 w101 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws4d3\">352<span class=\"_ _458\"> </span></div></td><td class=\"c n xd5b y3999 w8f8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws4d3\">358<span class=\"_ _458\"> </span></div></td><td class=\"c n xd5c y3999 w8f9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws4d3\">342<span class=\"_ _458\"> </span></div></td><td class=\"c n xd5d y3999 w1a2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">311<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td></tr></table><div class=\"gs315\"><table class=\"s w8fa h21b\" id=\"_9866a643-4ca6-459c-ad9b-50b8be585305\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xd5e h19e y39cc ff43 fs150 fc18 sc0 ls2fb ws2ff\">Share price </td><td></td></tr><tr><td></td><td class=\"t m0 xcf1 h19e y39cd ff43 fs150 fc18 sc0 ls2fc ws300\">At 1 April </td><td></td><td class=\"t m0 x1cf h19e y39cd ff43 fs150 fc18 sc0 ls2ec ws1\">Exercised/ </td><td class=\"t m0 xa33 h19e y39cd ff43 fs150 fc18 sc0 ls1fb ws1\">Lapsed/ </td><td class=\"t m0 x690 h19e y39cd ff42 fs150 fc16 sc0 ls2fa ws2fe\">At 31 March </td><td class=\"t m0 x44f h19e y39ce ff43 fs150 fc18 sc0 ls1fd ws311\">at grant date </td><td></td></tr><tr><td class=\"t m0 x20e h19e y39cf ff42 fs150 fc16 sc0 ls1f6 ws474\">Date of grant </td><td class=\"t m0 xb62 h19e y39d0 ff43 fs150 fc18 sc0 ls1f5 ws1\">2024 </td><td class=\"t m0 x608 h19e y39cf ff43 fs150 fc18 sc0 ls2ef ws1\">Granted </td><td class=\"t m0 x455 h19e y39d0 ff43 fs150 fc18 sc0 ls1fa ws1\">Vested </td><td class=\"t m0 xbc1 h19e y39d0 ff43 fs150 fc18 sc0 ls2ec ws1\">Forfeited </td><td class=\"t m0 xc29 h19e y39d0 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x3ec h19e y39d1 ff43 fs150 fc18 sc0 ls259 ws1\">(pence) </td><td class=\"t m0 xd5f h19e y39d2 ff43 fs150 fc18 sc0 ls1 ws4d4\">Vesting date </td></tr><tr><td class=\"t m0 x20e h19f y39d3 ff42 fs151 fc18 sc0 ls213 ws25c\">Performance Shares Long Term Incentive Plan </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y39d4 w8fb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4d5\">22.06.21<span class=\"_ _458\"> </span></div></td><td class=\"c n xd60 y39d4 w8fc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4d5\">800,679<span class=\"_ _458\"> </span></div></td><td class=\"c n xd61 y39d4 w24f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4d5\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd62 y39d4 w8fd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4d5\">(320,267)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd63 y39d4 w8fe h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4d5\">(480,412)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd64 y39d4 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd65 y39d4 w8ff h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4d6\">516.80<span class=\"_ _458\"> </span></div></td><td class=\"c n xd66 y39d4 w900 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4d6\">22.06.24<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39d5 w901 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">02.08.21<span class=\"_ _458\"> </span></div></td><td class=\"c n xd67 y39d5 w902 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">238,945<span class=\"_ _458\"> </span></div></td><td class=\"c n x346 y39d5 wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd68 y39d5 w24f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd69 y39d5 w903 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">(238,945)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd6a y39d5 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd6b y39d5 w904 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4d8\">519.60<span class=\"_ _458\"> </span></div></td><td class=\"c n xd6c y39d5 w905 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4d8\">02.08.24<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39d6 w906 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws4d9\">01.09.21<span class=\"_ _458\"> </span></div></td><td class=\"c n xd6d y39d6 w907 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws4d9\">41,294<span class=\"_ _458\"> </span></div></td><td class=\"c n x396 y39d6 w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws4d9\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd6e y39d6 w908 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws4d9\">(16,517)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd6f y39d6 w909 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws4d9\">(24,777)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd70 y39d6 wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd71 y39d6 w62c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws4da\">542.00<span class=\"_ _458\"> </span></div></td><td class=\"c n xd72 y39d6 w90a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws4da\">01.09.24<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39d7 w90b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws4db\">19.07.21<span class=\"_ _458\"> </span></div></td><td class=\"c n xd73 y39d7 w84b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws4db\">28,209<span class=\"_ _458\"> </span></div></td><td class=\"c n xd74 y39d7 w170 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws4db\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd75 y39d7 w90c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws4db\">(28,209)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd76 y39d7 w9c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws4db\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd77 y39d7 wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd78 y39d7 w90d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws4dc\">482.50<span class=\"_ _458\"> </span></div></td><td class=\"c n xd79 y39d7 w90e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws4dc\">12.0<span class=\"_ _1\"></span>5.24<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39d8 w90f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws4dd\">19.07.21<span class=\"_ _458\"> </span></div></td><td class=\"c n xd7a y39d8 w910 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws4dd\">9,403<span class=\"_ _458\"> </span></div></td><td class=\"c n xd7b y39d8 w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws4dd\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd7c y39d8 w170 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws4dd\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd7d y39d8 w911 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws4dd\">(9,403)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd7e y39d8 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd7f y39d8 w912 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws4de\">482.50<span class=\"_ _458\"> </span></div></td><td class=\"c n xd80 y39d8 w913 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws4de\">12.05.25<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39d9 w914 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">19.07.22<span class=\"_ _458\"> </span></div></td><td class=\"c n xd81 y39d9 w915 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">1,602,503<span class=\"_ _458\"> </span></div></td><td class=\"c n xd82 y39d9 w2f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd68 y39d9 w24f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd83 y39d9 w916 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">(441,818)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd84 y39d9 w917 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">1,160,685<span class=\"_ _458\"> </span></div></td><td class=\"c n xd85 y39d9 w918 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4df\">470.70<span class=\"_ _458\"> </span></div></td><td class=\"c n xd86 y39d9 w919 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4df\">19.07.25<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39da w91a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">15.06.23<span class=\"_ _458\"> </span></div></td><td class=\"c n xd87 y39da w91b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">2,130,159<span class=\"_ _458\"> </span></div></td><td class=\"c n xd88 y39da wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd89 y39da w236 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd8a y39da w91c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">(614,037)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd8b y39da w91d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws1\">1,516,122<span class=\"_ _458\"> </span></div></td><td class=\"c n xd8c y39da w91e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4e0\">334.70<span class=\"_ _458\"> </span></div></td><td class=\"c n xd8d y39da w91f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4e0\">15.06.26<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39db w920 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws4e1\">20.06.24<span class=\"_ _458\"> </span></div></td><td class=\"c n xd8e y39db w170 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws4e1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd8f y39db w921 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws4e1\">1,406,400<span class=\"_ _458\"> </span></div></td><td class=\"c n xd90 y39db w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws4e1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd91 y39db w922 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws4e1\">(189,642)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd92 y39db w923 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">1,216,<span class=\"_ _1\"></span>758<span class=\"_ _458\"> </span></div></td><td class=\"c n xd93 y39db w924 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4e2\">416.60<span class=\"_ _458\"> </span></div></td><td class=\"c n xd94 y39db w925 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4e2\">20.06.27<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xd95 y39dc w926 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws4e3\">4,851,192<span class=\"_ _458\"> </span></div></td><td class=\"c n xd96 y39dc w927 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws4e3\">1,406,400<span class=\"_ _458\"> </span></div></td><td class=\"c n xd97 y39dc w928 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4e4\">(364,993)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd98 y39dc w929 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4e4\">(1,999,034)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd99 y39dc w92a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">3,893,565<span class=\"_ _458\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y39dd ff42 fs151 fc18 sc0 ls205 ws20b\">Restricted Share Plan <span class=\"_ _83\"> </span><span class=\"ff43 ls3db ws610\"> <span class=\"_ _433\"></span> <span class=\"_ _433\"></span> <span class=\"_ _433\"></span> <span class=\"_ _433\"></span><span class=\"ff42 fc16 ls1\"> <span class=\"_ _100\"> </span></span><span class=\"_ _433\"></span><span class=\"ls3db ws610\"> </span></span><span class=\"ff43 ls3db ws610\"><span class=\"ls3db ws610\"><span class=\"_ _439\"></span> </span></span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y39de w92b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4e5\">22.06.21<span class=\"_ _458\"> </span></div></td><td class=\"c n xd9a y39de w92c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4e5\">761,432<span class=\"_ _458\"> </span></div></td><td class=\"c n xd9b y39de wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4e5\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd9c y39de w92d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4e5\">(741,291)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd9d y39de w92e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4e5\">(20,141)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd64 y39de w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd65 y39de w8ff h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4d6\">516.80<span class=\"_ _458\"> </span></div></td><td class=\"c n xd66 y39de w900 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4d6\">22.06.24<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39df w92f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e6\">19.07.22<span class=\"_ _458\"> </span></div></td><td class=\"c n xd9e y39df w930 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e6\">631,795<span class=\"_ _458\"> </span></div></td><td class=\"c n x346 y39df wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e6\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd68 y39df w24f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e6\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd9f y39df w931 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e6\">(36,999)<span class=\"_ _458\"> </span></div></td><td class=\"c n xda0 y39df w932 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws1\">594,796<span class=\"_ _458\"> </span></div></td><td class=\"c n xda1 y39df w918 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4df\">470.70<span class=\"_ _458\"> </span></div></td><td class=\"c n xda2 y39df w919 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4df\">19.07.25<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39e0 w933 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e6\">29.07.22<span class=\"_ _458\"> </span></div></td><td class=\"c n xda3 y39e0 w934 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e6\">21,926<span class=\"_ _458\"> </span></div></td><td class=\"c n xda4 y39e0 wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e6\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xda5 y39e0 w24f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e6\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xda6 y39e0 w935 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e6\">(21,926)<span class=\"_ _458\"> </span></div></td><td class=\"c n xda7 y39e0 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xda8 y39e0 w936 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws4e7\">492.00<span class=\"_ _458\"> </span></div></td><td class=\"c n xda9 y39e0 w937 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws4e7\">19.07.25<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39e1 w938 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws209\">15.06.23<span class=\"_ _458\"> </span></div></td><td class=\"c n xdaa y39e1 w939 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws209\">885,612<span class=\"_ _458\"> </span></div></td><td class=\"c n xdab y39e1 w24f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws209\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xdac y39e1 w170 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws209\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xdad y39e1 w93a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws209\">(89,988)<span class=\"_ _458\"> </span></div></td><td class=\"c n xdae y39e1 w93b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws1\">795,624<span class=\"_ _458\"> </span></div></td><td class=\"c n xdaf y39e1 w93c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4e0\">334.70<span class=\"_ _458\"> </span></div></td><td class=\"c n xdb0 y39e1 w91f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4e0\">15.06.26<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39e2 w93d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e8\">20.06.24<span class=\"_ _458\"> </span></div></td><td class=\"c n xdb1 y39e2 w24f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e8\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xdb2 y39e2 w93e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e8\">688,895<span class=\"_ _458\"> </span></div></td><td class=\"c n xdb3 y39e2 w170 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e8\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xdb4 y39e2 w93f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e8\">(23,306)<span class=\"_ _458\"> </span></div></td><td class=\"c n xdb5 y39e2 w940 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">665,589<span class=\"_ _458\"> </span></div></td><td class=\"c n xdb6 y39e2 w924 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4e2\">416.60<span class=\"_ _458\"> </span></div></td><td class=\"c n xdb7 y39e2 w941 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4e2\">20.06.27<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39e3 w942 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws4e9\">01.08.24<span class=\"_ _458\"> </span></div></td><td class=\"c n xdb8 y39e3 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws4e9\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xdb9 y39e3 w943 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws4e9\">11,653<span class=\"_ _458\"> </span></div></td><td class=\"c n xdba y39e3 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws4e9\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xdbb y39e3 w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws4e9\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xdbc y39e3 w944 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws1\">11,653<span class=\"_ _458\"> </span></div></td><td class=\"c n xdbd y39e3 w945 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4ea\">411.00<span class=\"_ _458\"> </span></div></td><td class=\"c n xdbe y39e3 w946 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4ea\">20.06.27<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xdbf y39e4 w947 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4eb\">2,300,765<span class=\"_ _458\"> </span></div></td><td class=\"c n xdc0 y39e4 w948 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4eb\">700,548<span class=\"_ _458\"> </span></div></td><td class=\"c n xdc1 y39e4 w949 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4eb\">(741,291)<span class=\"_ _458\"> </span></div></td><td class=\"c n xdc2 y39e4 w94a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4eb\">(192,360)<span class=\"_ _458\"> </span></div></td><td class=\"c n xdc3 y39e4 w47b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws1\">2,067,662<span class=\"_ _458\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1dc y39ca w26d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n xdc4 y39ca w94b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws4ec\">7,151,957<span class=\"_ _458\"> </span></div></td><td class=\"c n xdc5 y39ca w94c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws4ec\">2,106,948<span class=\"_ _458\"> </span></div></td><td class=\"c n xdc6 y39ca w94d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws4ec\">(1<span class=\"ls212 ws4ed\">,106,284</span><span class=\"ls212 ws4ed\">)<span class=\"_ _458\"> </span></span></div></td><td class=\"c n xdc7 y39ca w94e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4ed\">(2,191,394)<span class=\"_ _458\"> </span></div></td><td class=\"c n xdc8 y39ca w94f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">5,961,227<span class=\"_ _458\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y39e5 ff42 fs151 fc18 sc0 ls216 ws26b\">Weighted average price </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3999 w950 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls223 ws250\">of shares (pence)<span class=\"_ _458\"> </span></div></td><td class=\"c n xdc9 y3999 w1f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws4ee\">426<span class=\"_ _458\"> </span></div></td><td class=\"c n x487 y3999 w951 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws4ee\">417<span class=\"_ _458\"> </span></div></td><td class=\"c n xdca y3999 w952 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws4ee\">516<span class=\"_ _458\"> </span></div></td><td class=\"c n xdcb y3999 w953 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws4ee\">439<span class=\"_ _458\"> </span></div></td><td class=\"c n xdcc y3999 w954 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">401</div></td><td></td><td></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-536": {
   "value": "Hedging and translation reserve<span class=\"_ _458\"> </span>The hedging and translation rese<span class=\"_ _6\"></span>rve comprises the effective <span class=\"_ _6\"></span><span class=\"ls299 ws2a3\">portion of the cumulative net change in the fair value<span class=\"_ _458\"> </span></span>of cash flow and foreign currency hedging instruments, as<span class=\"ls299\"> well as all foreign exchange differences arising from the<span class=\"_ _458\"> </span></span>translation of the financial statements of foreign operations. The for<span class=\"_ _1\"></span>eign exchange differences also include the<span class=\"_ _458\"> </span>translation of the liabilities that hedge the Company\u2019s net in<span class=\"ls274 ws289\">vestment in a foreign subsidiary. In the current year to<span class=\"_ _458\"> </span></span>31 March 2025, \u00a3nil (2023/24<span class=\"_ _6\"></span>: \u00a32m) was reclassified from th<span class=\"ls273 ws288\">e hedging and translation reserv<span class=\"_ _d\"></span><span class=\"ls24a ws258\">e to the income statement.<span class=\"_ _458\"> </span></span></span>Revaluation reserve<span class=\"_ _458\"> </span>The revaluation reserve relates to investments in joint ve<span class=\"ls2a4 ws2aa\">ntures. In the current year to 31 March 2025, \u00a3nil was<span class=\"_ _458\"> </span></span>transferred from th<span class=\"_ _6\"></span>e revaluation<span class=\"_ _6\"></span> reserve to reta<span class=\"_ _6\"></span>ined earnings (2<span class=\"_ _6\"></span>023/24: \u00a31m). Merger reserve<span class=\"_ _458\"> </span>This comprises the premium<span class=\"_ _d\"></span> on the share <span class=\"ls27c ws291\">placing in the year ended 31 March 2013<span class=\"ls295 ws2a6\">. N<span class=\"_ _6\"></span>o share premium is rec<span class=\"_ _6\"></span>orded in the<span class=\"_ _458\"> </span></span></span>Company\u2019s financial statements, through the operation of <span class=\"ls299 ws2a3\">the merger relief provisions of the Companies Act 2006.<span class=\"_ _458\"> </span></span>At 31 March 202<span class=\"_ _1\"></span>5, options over 1,172,15<span class=\"_ _1\"></span>9 ordinary shares<span class=\"ls1 ws29d\"> were outstanding under employee<span class=\"_ _d\"></span> share option plans.<span class=\"_ _458\"> </span></span>The options had a weighted average life of 2.42 years. <span class=\"_ _6\"></span><span class=\"ls29b ws1fd\">Details of outsta<span class=\"_ _6\"></span>nding share options and s<span class=\"_ _6\"></span>hares awarded<span class=\"_ _458\"> </span></span>to employees, including Executive Directors, <span class=\"ls289 ws29b\">are set out<span class=\"_ _6\"></span> below and on the following <span class=\"_ _6\"></span>page:</span><table class=\"s w8a5 h21a\" id=\"_5635cc7d-2394-43e2-aacb-1c4b579374be\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x689 h19e y39b2 ff43 fs150 fc18 sc0 ls335 ws4bc\"> <span class=\"_ _101\"> </span>  <span class=\"_ _1\"></span>    <span class=\"_ _35e\"></span> <span class=\"_ _1d7\"></span>Exercise <span class=\"_ _1dc\"></span>dates </td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xcf0 h19e y39b3 ff42 fs150 fc16 sc0 ls303 ws1\">At </td><td class=\"t m0 x451 h19e y39b4 ff43 fs150 fc18 sc0 ls2ec ws1\">Exercise </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xcf1 h19e y39b5 ff43 fs150 fc18 sc0 ls2fc ws300\">At 1 April </td><td></td><td class=\"t m0 xcf2 h19e y39b5 ff43 fs150 fc18 sc0 ls2ef ws1\">Exercised/ </td><td class=\"t m0 xcf3 h19e y39b5 ff43 fs150 fc18 sc0 ls1fb ws1\">Lapsed/ </td><td class=\"t m0 xcf4 h19e y39b6 ff42 fs150 fc16 sc0 ls2f8 ws2fa\">31 March </td><td class=\"t m0 x567 h19e y39b7 ff43 fs150 fc18 sc0 ls1fe ws1\">price </td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19e y39b8 ff42 fs150 fc16 sc0 ls1f6 ws474\">Date of grant </td><td class=\"t m0 xb62 h19e y39b9 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td><td class=\"t m0 xb93 h19e y39b8 ff43 fs150 fc18 sc0 ls2ef ws1\">Granted </td><td class=\"t m0 xcf5 h19e y39b9 ff43 fs150 fc18 sc0 ls1fa ws1\">Vested </td><td class=\"t m0 xcf6 h19e y39b9 ff43 fs150 fc18 sc0 ls2ec ws1\">Forfeited </td><td class=\"t m0 xcf7 h19e y39ba ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 xc29 h19e y39bb ff43 fs150 fc18 sc0 ls259 ws1\">(pence) </td><td class=\"c n xcf8 y39bc w8a6 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls331 ws4bd\">From<span class=\"_ _458\"> </span></div></td><td class=\"c n xcf9 y39bc w8a7 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls331 ws4bd\">To<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y39bd ff42 fs151 fc18 sc0 ls223 ws250\">Share options Sharesave Scheme <span class=\"_ _ac\"> </span><span class=\"ff43 ls3db ws610\"> <span class=\"_ _440\"></span> <span class=\"_ _1\"></span><span class=\"_ _440\"></span> <span class=\"_ _440\"></span> <span class=\"_ _440\"></span><span class=\"ff42 fc16 ls1\"> <span class=\"_ _1f2\"> </span></span><span class=\"_ _440\"></span><span class=\"ls389\">  <span class=\"_ _67\"> </span> </span></span><span class=\"ff43 ls3db ws610\"><span class=\"ls389\"><span class=\"_ _87\"> </span> </span></span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y39be w8a8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4be\">18.06.19<span class=\"_ _458\"> </span></div></td><td class=\"c n xcfa y39be w888 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4be\">5,516<span class=\"_ _458\"> </span></div></td><td class=\"c n xcfb y39be wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4be\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xcfc y39be wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4be\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xcfd y39be w8a9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4be\">(4,827)<span class=\"_ _458\"> </span></div></td><td class=\"c n xcfe y39be w3f0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">689<span class=\"_ _458\"> </span></div></td><td class=\"c n xcff y39be w8aa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4bf\">435<span class=\"_ _458\"> </span></div></td><td class=\"c n xd00 y39be w8ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4bf\">01.09.24<span class=\"_ _458\"> </span></div></td><td class=\"c n xd01 y39be w8ac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4bf\">01.03.25<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39bf w8ad h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4c0\">07.07.20<span class=\"_ _458\"> </span></div></td><td class=\"c n xd02 y39bf w8ae h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4c0\">11,782<span class=\"_ _458\"> </span></div></td><td class=\"c n xd03 y39bf w170 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4c0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd04 y39bf w8af h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4c0\">(11,782)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd05 y39bf w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4c0\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd06 y39bf w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd07 y39bf w8b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3af\">336<span class=\"_ _458\"> </span></div></td><td class=\"c n xd08 y39bf w8b1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3af\">01.09.23<span class=\"_ _458\"> </span></div></td><td class=\"c n xd09 y39bf w8b2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws3af\">01.03.24<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39c0 w8b3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws4c1\">07.07.20<span class=\"_ _458\"> </span></div></td><td class=\"c n xd0a y39c0 w8b4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws4c1\">154,002<span class=\"_ _458\"> </span></div></td><td class=\"c n xd0b y39c0 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws4c1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd0c y39c0 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws4c1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd0d y39c0 w8b5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws4c1\">(8,928)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd0e y39c0 w8b6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws1\">145,074<span class=\"_ _458\"> </span></div></td><td class=\"c n xd0f y39c0 w83f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws4c2\">336<span class=\"_ _458\"> </span></div></td><td class=\"c n xd10 y39c0 w7de h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws4c2\">01.09.25<span class=\"_ _458\"> </span></div></td><td class=\"c n xd11 y39c0 w8b7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws4c2\">01.03.26<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39c1 w8b8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls358 ws4c3\">06.07.21<span class=\"_ _458\"> </span></div></td><td class=\"c n xd12 y39c1 w8b9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls358 ws4c3\">55,801<span class=\"_ _458\"> </span></div></td><td class=\"c n xd13 y39c1 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls358 ws4c3\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd14 y39c1 w8ba h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls358 ws4c3\">(<span class=\"_ _1\"></span>1<span class=\"ls206 ws4c4\">0,865</span><span class=\"ls206 ws4c4\">)<span class=\"_ _458\"> </span></span></div></td><td class=\"c n xd15 y39c1 w8bb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws4c4\">(40,938)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd16 y39c1 w80a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">3,998<span class=\"_ _458\"> </span></div></td><td class=\"c n xd17 y39c1 w8bc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4bf\">414<span class=\"_ _458\"> </span></div></td><td class=\"c n xd18 y39c1 w8ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4bf\">01.09.24<span class=\"_ _458\"> </span></div></td><td class=\"c n xd19 y39c1 w8ac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4bf\">01.03.25<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39c2 w8bd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws269\">06.07.21<span class=\"_ _458\"> </span></div></td><td class=\"c n xd1a y39c2 w8be h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws269\">19,849<span class=\"_ _458\"> </span></div></td><td class=\"c n xd1b y39c2 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws269\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd1c y39c2 w96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws269\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd1d y39c2 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws269\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd1e y39c2 w8bf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls206 ws1\">19,849<span class=\"_ _458\"> </span></div></td><td class=\"c n xd1f y39c2 w8c0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4c5\">414<span class=\"_ _458\"> </span></div></td><td class=\"c n xd08 y39c2 w8c1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4c5\">01.09.26<span class=\"_ _458\"> </span></div></td><td class=\"c n xd20 y39c2 w8c2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4c5\">01.03.27<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39c3 w8c3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws4c6\">22.06.22<span class=\"_ _458\"> </span></div></td><td class=\"c n xd21 y39c3 w8c4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws4c6\">68,000<span class=\"_ _458\"> </span></div></td><td class=\"c n xd22 y39c3 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws4c6\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd23 y39c3 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws4c6\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd24 y39c3 w8c5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws4c6\">(14,533)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd25 y39c3 w8c6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">53,467<span class=\"_ _458\"> </span></div></td><td class=\"c n xd26 y39c3 w227 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3a9\">421<span class=\"_ _458\"> </span></div></td><td class=\"c n xd27 y39c3 w8c7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3a9\">01.09.25<span class=\"_ _458\"> </span></div></td><td class=\"c n xd28 y39c3 w8c8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws3a9\">01.03.26<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39c4 w8c9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws4c7\">22.06.22<span class=\"_ _458\"> </span></div></td><td class=\"c n xd29 y39c4 w8ca h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws4c7\">8,476<span class=\"_ _458\"> </span></div></td><td class=\"c n xd2a y39c4 w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws4c7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd2b y39c4 w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws4c7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd2c y39c4 w8cb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws4c7\">(1,781)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd2d y39c4 w8cc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">6,695<span class=\"_ _458\"> </span></div></td><td class=\"c n xd2e y39c4 w8cd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4c8\">421<span class=\"_ _458\"> </span></div></td><td class=\"c n xd2f y39c4 w8ce h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4c8\">01.09.27<span class=\"_ _458\"> </span></div></td><td class=\"c n xd30 y39c4 w8cf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4c8\">01.03.28<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39c5 w8d0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4c9\">21.06.23<span class=\"_ _458\"> </span></div></td><td class=\"c n xd31 y39c5 w8d1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4c9\">604,044<span class=\"_ _458\"> </span></div></td><td class=\"c n xd0b y39c5 wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4c9\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd32 y39c5 w8d2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4c9\">(4,842)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd33 y39c5 w8d3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4c9\">(68,337)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd34 y39c5 w8d4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws1\">530,865<span class=\"_ _458\"> </span></div></td><td class=\"c n xd35 y39c5 w8d5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws4bf\">287<span class=\"_ _458\"> </span></div></td><td class=\"c n xd36 y39c5 w8d6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws4bf\">01.09.26<span class=\"_ _458\"> </span></div></td><td class=\"c n xd37 y39c5 w8d7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws4bf\">01.03.27<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39c6 w8d8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4ca\">21.06.23<span class=\"_ _458\"> </span></div></td><td class=\"c n xd38 y39c6 w8d9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4ca\">290,141<span class=\"_ _458\"> </span></div></td><td class=\"c n xd39 y39c6 wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4ca\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd3a y39c6 wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4ca\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd3b y39c6 w8da h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4ca\">(21,322)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd3c y39c6 w8b4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls217 ws1\">268,819<span class=\"_ _458\"> </span></div></td><td class=\"c n xd3d y39c6 w8db h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4c5\">287<span class=\"_ _458\"> </span></div></td><td class=\"c n xd3e y39c6 w8dc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4c5\">01.09.28<span class=\"_ _458\"> </span></div></td><td class=\"c n xd3f y39c6 w8dd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4c5\">01.03.29<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39c7 w8de h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4cb\">03.07.24<span class=\"_ _458\"> </span></div></td><td class=\"c n xd40 y39c7 wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4cb\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd41 y39c7 w8df h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4cb\">107,821<span class=\"_ _458\"> </span></div></td><td class=\"c n xd42 y39c7 w170 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4cb\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd43 y39c7 w8e0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4cb\">(19,596)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd44 y39c7 w8e1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">88,225<span class=\"_ _458\"> </span></div></td><td class=\"c n xd45 y39c7 w8e2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws4cc\">352<span class=\"_ _458\"> </span></div></td><td class=\"c n xd46 y39c7 w8ba h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws4cc\">01.09.27<span class=\"_ _458\"> </span></div></td><td class=\"c n xd47 y39c7 w8e3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws4cc\">01.03.28<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39c8 w8e4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4cd\">03.07.24<span class=\"_ _458\"> </span></div></td><td class=\"c n xd48 y39c8 w236 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4cd\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd49 y39c8 w8e5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4cd\">61,210<span class=\"_ _458\"> </span></div></td><td class=\"c n xd4a y39c8 w24f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4cd\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd4b y39c8 w8e6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4cd\">(6,732)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd4c y39c8 w8e7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws1\">54,478<span class=\"_ _458\"> </span></div></td><td class=\"c n xd4d y39c8 w8e8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws4ce\">352<span class=\"_ _458\"> </span></div></td><td class=\"c n xd08 y39c8 w8e9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws4ce\">01.09.29<span class=\"_ _458\"> </span></div></td><td class=\"c n xd4e y39c8 w8ea h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws4ce\">01.03.30<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xd4f y39c9 w8eb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4cf\">1,217,611<span class=\"_ _458\"> </span></div></td><td class=\"c n xd50 y39c9 w8ec h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4cf\">169,031<span class=\"_ _458\"> </span></div></td><td class=\"c n xd51 y39c9 w8ed h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4d0\">(27,489)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd52 y39c9 w8ee h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4d0\">(186,994)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd53 y39c9 w8ef h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws1\">1,172,<span class=\"_ _1\"></span>159<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y39ca w8f0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws4d1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n xd54 y39ca w8f1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws4d1\">1,217,611<span class=\"_ _458\"> </span></div></td><td class=\"c n xd55 y39ca w8f2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws4d1\">169,03<span class=\"ls213 ws4d2\">1<span class=\"_ _458\"> </span></span></div></td><td class=\"c n xd56 y39ca w8f3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4d2\">(27,489)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd57 y39ca w8f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4d2\">(186,994)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd58 y39ca w8f5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws1\">1,172,159<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y39cb ff42 fs151 fc18 sc0 ls216 ws26b\">Weighted average exercise price </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3999 w8f6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls1 ws222\">of options (pence)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd59 y3999 w8f7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws4d3\">311<span class=\"_ _458\"> </span></div></td><td class=\"c n xd5a y3999 w101 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws4d3\">352<span class=\"_ _458\"> </span></div></td><td class=\"c n xd5b y3999 w8f8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws4d3\">358<span class=\"_ _458\"> </span></div></td><td class=\"c n xd5c y3999 w8f9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws4d3\">342<span class=\"_ _458\"> </span></div></td><td class=\"c n xd5d y3999 w1a2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">311<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td></tr></table><table class=\"s w8fa h21b\" id=\"_9866a643-4ca6-459c-ad9b-50b8be585305\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xd5e h19e y39cc ff43 fs150 fc18 sc0 ls2fb ws2ff\">Share price </td><td></td></tr><tr><td></td><td class=\"t m0 xcf1 h19e y39cd ff43 fs150 fc18 sc0 ls2fc ws300\">At 1 April </td><td></td><td class=\"t m0 x1cf h19e y39cd ff43 fs150 fc18 sc0 ls2ec ws1\">Exercised/ </td><td class=\"t m0 xa33 h19e y39cd ff43 fs150 fc18 sc0 ls1fb ws1\">Lapsed/ </td><td class=\"t m0 x690 h19e y39cd ff42 fs150 fc16 sc0 ls2fa ws2fe\">At 31 March </td><td class=\"t m0 x44f h19e y39ce ff43 fs150 fc18 sc0 ls1fd ws311\">at grant date </td><td></td></tr><tr><td class=\"t m0 x20e h19e y39cf ff42 fs150 fc16 sc0 ls1f6 ws474\">Date of grant </td><td class=\"t m0 xb62 h19e y39d0 ff43 fs150 fc18 sc0 ls1f5 ws1\">2024 </td><td class=\"t m0 x608 h19e y39cf ff43 fs150 fc18 sc0 ls2ef ws1\">Granted </td><td class=\"t m0 x455 h19e y39d0 ff43 fs150 fc18 sc0 ls1fa ws1\">Vested </td><td class=\"t m0 xbc1 h19e y39d0 ff43 fs150 fc18 sc0 ls2ec ws1\">Forfeited </td><td class=\"t m0 xc29 h19e y39d0 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x3ec h19e y39d1 ff43 fs150 fc18 sc0 ls259 ws1\">(pence) </td><td class=\"t m0 xd5f h19e y39d2 ff43 fs150 fc18 sc0 ls1 ws4d4\">Vesting date </td></tr><tr><td class=\"t m0 x20e h19f y39d3 ff42 fs151 fc18 sc0 ls213 ws25c\">Performance Shares Long Term Incentive Plan </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y39d4 w8fb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4d5\">22.06.21<span class=\"_ _458\"> </span></div></td><td class=\"c n xd60 y39d4 w8fc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4d5\">800,679<span class=\"_ _458\"> </span></div></td><td class=\"c n xd61 y39d4 w24f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4d5\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd62 y39d4 w8fd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4d5\">(320,267)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd63 y39d4 w8fe h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4d5\">(480,412)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd64 y39d4 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd65 y39d4 w8ff h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4d6\">516.80<span class=\"_ _458\"> </span></div></td><td class=\"c n xd66 y39d4 w900 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4d6\">22.06.24<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39d5 w901 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">02.08.21<span class=\"_ _458\"> </span></div></td><td class=\"c n xd67 y39d5 w902 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">238,945<span class=\"_ _458\"> </span></div></td><td class=\"c n x346 y39d5 wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd68 y39d5 w24f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd69 y39d5 w903 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">(238,945)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd6a y39d5 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd6b y39d5 w904 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4d8\">519.60<span class=\"_ _458\"> </span></div></td><td class=\"c n xd6c y39d5 w905 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4d8\">02.08.24<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39d6 w906 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws4d9\">01.09.21<span class=\"_ _458\"> </span></div></td><td class=\"c n xd6d y39d6 w907 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws4d9\">41,294<span class=\"_ _458\"> </span></div></td><td class=\"c n x396 y39d6 w96 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws4d9\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd6e y39d6 w908 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws4d9\">(16,517)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd6f y39d6 w909 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws4d9\">(24,777)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd70 y39d6 wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd71 y39d6 w62c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws4da\">542.00<span class=\"_ _458\"> </span></div></td><td class=\"c n xd72 y39d6 w90a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws4da\">01.09.24<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39d7 w90b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws4db\">19.07.21<span class=\"_ _458\"> </span></div></td><td class=\"c n xd73 y39d7 w84b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws4db\">28,209<span class=\"_ _458\"> </span></div></td><td class=\"c n xd74 y39d7 w170 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws4db\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd75 y39d7 w90c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws4db\">(28,209)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd76 y39d7 w9c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws4db\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd77 y39d7 wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd78 y39d7 w90d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws4dc\">482.50<span class=\"_ _458\"> </span></div></td><td class=\"c n xd79 y39d7 w90e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws4dc\">12.0<span class=\"_ _1\"></span>5.24<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39d8 w90f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws4dd\">19.07.21<span class=\"_ _458\"> </span></div></td><td class=\"c n xd7a y39d8 w910 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws4dd\">9,403<span class=\"_ _458\"> </span></div></td><td class=\"c n xd7b y39d8 w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws4dd\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd7c y39d8 w170 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws4dd\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd7d y39d8 w911 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws4dd\">(9,403)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd7e y39d8 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd7f y39d8 w912 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws4de\">482.50<span class=\"_ _458\"> </span></div></td><td class=\"c n xd80 y39d8 w913 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws4de\">12.05.25<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39d9 w914 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">19.07.22<span class=\"_ _458\"> </span></div></td><td class=\"c n xd81 y39d9 w915 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">1,602,503<span class=\"_ _458\"> </span></div></td><td class=\"c n xd82 y39d9 w2f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd68 y39d9 w24f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd83 y39d9 w916 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">(441,818)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd84 y39d9 w917 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">1,160,685<span class=\"_ _458\"> </span></div></td><td class=\"c n xd85 y39d9 w918 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4df\">470.70<span class=\"_ _458\"> </span></div></td><td class=\"c n xd86 y39d9 w919 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4df\">19.07.25<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39da w91a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">15.06.23<span class=\"_ _458\"> </span></div></td><td class=\"c n xd87 y39da w91b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">2,130,159<span class=\"_ _458\"> </span></div></td><td class=\"c n xd88 y39da wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd89 y39da w236 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd8a y39da w91c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4d7\">(614,037)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd8b y39da w91d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws1\">1,516,122<span class=\"_ _458\"> </span></div></td><td class=\"c n xd8c y39da w91e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4e0\">334.70<span class=\"_ _458\"> </span></div></td><td class=\"c n xd8d y39da w91f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4e0\">15.06.26<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39db w920 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws4e1\">20.06.24<span class=\"_ _458\"> </span></div></td><td class=\"c n xd8e y39db w170 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws4e1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd8f y39db w921 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws4e1\">1,406,400<span class=\"_ _458\"> </span></div></td><td class=\"c n xd90 y39db w35 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws4e1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd91 y39db w922 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws4e1\">(189,642)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd92 y39db w923 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws1\">1,216,<span class=\"_ _1\"></span>758<span class=\"_ _458\"> </span></div></td><td class=\"c n xd93 y39db w924 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4e2\">416.60<span class=\"_ _458\"> </span></div></td><td class=\"c n xd94 y39db w925 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4e2\">20.06.27<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xd95 y39dc w926 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws4e3\">4,851,192<span class=\"_ _458\"> </span></div></td><td class=\"c n xd96 y39dc w927 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws4e3\">1,406,400<span class=\"_ _458\"> </span></div></td><td class=\"c n xd97 y39dc w928 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4e4\">(364,993)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd98 y39dc w929 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4e4\">(1,999,034)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd99 y39dc w92a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">3,893,565<span class=\"_ _458\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y39dd ff42 fs151 fc18 sc0 ls205 ws20b\">Restricted Share Plan <span class=\"_ _83\"> </span><span class=\"ff43 ls3db ws610\"> <span class=\"_ _433\"></span> <span class=\"_ _433\"></span> <span class=\"_ _433\"></span> <span class=\"_ _433\"></span><span class=\"ff42 fc16 ls1\"> <span class=\"_ _100\"> </span></span><span class=\"_ _433\"></span><span class=\"ls3db ws610\"> </span></span><span class=\"ff43 ls3db ws610\"><span class=\"ls3db ws610\"><span class=\"_ _439\"></span> </span></span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y39de w92b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4e5\">22.06.21<span class=\"_ _458\"> </span></div></td><td class=\"c n xd9a y39de w92c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4e5\">761,432<span class=\"_ _458\"> </span></div></td><td class=\"c n xd9b y39de wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4e5\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd9c y39de w92d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4e5\">(741,291)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd9d y39de w92e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws4e5\">(20,141)<span class=\"_ _458\"> </span></div></td><td class=\"c n xd64 y39de w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd65 y39de w8ff h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4d6\">516.80<span class=\"_ _458\"> </span></div></td><td class=\"c n xd66 y39de w900 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4d6\">22.06.24<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39df w92f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e6\">19.07.22<span class=\"_ _458\"> </span></div></td><td class=\"c n xd9e y39df w930 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e6\">631,795<span class=\"_ _458\"> </span></div></td><td class=\"c n x346 y39df wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e6\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd68 y39df w24f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e6\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xd9f y39df w931 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e6\">(36,999)<span class=\"_ _458\"> </span></div></td><td class=\"c n xda0 y39df w932 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws1\">594,796<span class=\"_ _458\"> </span></div></td><td class=\"c n xda1 y39df w918 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4df\">470.70<span class=\"_ _458\"> </span></div></td><td class=\"c n xda2 y39df w919 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4df\">19.07.25<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39e0 w933 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e6\">29.07.22<span class=\"_ _458\"> </span></div></td><td class=\"c n xda3 y39e0 w934 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e6\">21,926<span class=\"_ _458\"> </span></div></td><td class=\"c n xda4 y39e0 wa0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e6\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xda5 y39e0 w24f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e6\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xda6 y39e0 w935 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e6\">(21,926)<span class=\"_ _458\"> </span></div></td><td class=\"c n xda7 y39e0 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xda8 y39e0 w936 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws4e7\">492.00<span class=\"_ _458\"> </span></div></td><td class=\"c n xda9 y39e0 w937 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws4e7\">19.07.25<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39e1 w938 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws209\">15.06.23<span class=\"_ _458\"> </span></div></td><td class=\"c n xdaa y39e1 w939 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws209\">885,612<span class=\"_ _458\"> </span></div></td><td class=\"c n xdab y39e1 w24f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws209\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xdac y39e1 w170 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws209\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xdad y39e1 w93a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws209\">(89,988)<span class=\"_ _458\"> </span></div></td><td class=\"c n xdae y39e1 w93b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws1\">795,624<span class=\"_ _458\"> </span></div></td><td class=\"c n xdaf y39e1 w93c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4e0\">334.70<span class=\"_ _458\"> </span></div></td><td class=\"c n xdb0 y39e1 w91f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4e0\">15.06.26<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39e2 w93d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e8\">20.06.24<span class=\"_ _458\"> </span></div></td><td class=\"c n xdb1 y39e2 w24f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e8\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xdb2 y39e2 w93e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e8\">688,895<span class=\"_ _458\"> </span></div></td><td class=\"c n xdb3 y39e2 w170 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e8\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xdb4 y39e2 w93f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws4e8\">(23,306)<span class=\"_ _458\"> </span></div></td><td class=\"c n xdb5 y39e2 w940 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">665,589<span class=\"_ _458\"> </span></div></td><td class=\"c n xdb6 y39e2 w924 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4e2\">416.60<span class=\"_ _458\"> </span></div></td><td class=\"c n xdb7 y39e2 w941 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws4e2\">20.06.27<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39e3 w942 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws4e9\">01.08.24<span class=\"_ _458\"> </span></div></td><td class=\"c n xdb8 y39e3 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws4e9\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xdb9 y39e3 w943 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws4e9\">11,653<span class=\"_ _458\"> </span></div></td><td class=\"c n xdba y39e3 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws4e9\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xdbb y39e3 w3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws4e9\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xdbc y39e3 w944 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls220 ws1\">11,653<span class=\"_ _458\"> </span></div></td><td class=\"c n xdbd y39e3 w945 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4ea\">411.00<span class=\"_ _458\"> </span></div></td><td class=\"c n xdbe y39e3 w946 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws4ea\">20.06.27<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xdbf y39e4 w947 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4eb\">2,300,765<span class=\"_ _458\"> </span></div></td><td class=\"c n xdc0 y39e4 w948 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4eb\">700,548<span class=\"_ _458\"> </span></div></td><td class=\"c n xdc1 y39e4 w949 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4eb\">(741,291)<span class=\"_ _458\"> </span></div></td><td class=\"c n xdc2 y39e4 w94a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4eb\">(192,360)<span class=\"_ _458\"> </span></div></td><td class=\"c n xdc3 y39e4 w47b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws1\">2,067,662<span class=\"_ _458\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1dc y39ca w26d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n xdc4 y39ca w94b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws4ec\">7,151,957<span class=\"_ _458\"> </span></div></td><td class=\"c n xdc5 y39ca w94c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws4ec\">2,106,948<span class=\"_ _458\"> </span></div></td><td class=\"c n xdc6 y39ca w94d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls216 ws4ec\">(1<span class=\"ls212 ws4ed\">,106,284</span><span class=\"ls212 ws4ed\">)<span class=\"_ _458\"> </span></span></div></td><td class=\"c n xdc7 y39ca w94e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws4ed\">(2,191,394)<span class=\"_ _458\"> </span></div></td><td class=\"c n xdc8 y39ca w94f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">5,961,227<span class=\"_ _458\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t m0 x20e h19f y39e5 ff42 fs151 fc18 sc0 ls216 ws26b\">Weighted average price </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3999 w950 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls223 ws250\">of shares (pence)<span class=\"_ _458\"> </span></div></td><td class=\"c n xdc9 y3999 w1f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws4ee\">426<span class=\"_ _458\"> </span></div></td><td class=\"c n x487 y3999 w951 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws4ee\">417<span class=\"_ _458\"> </span></div></td><td class=\"c n xdca y3999 w952 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws4ee\">516<span class=\"_ _458\"> </span></div></td><td class=\"c n xdcb y3999 w953 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws4ee\">439<span class=\"_ _458\"> </span></div></td><td class=\"c n xdcc y3999 w954 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">401</div></td><td></td><td></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-514": {
   "value": "<div class=\"t m0 h1a7 ff42 fs153 fc16 sc0 ls38b ws4ef gs42f\">20 Segment <span class=\"_ _27\"></span>inform<span class=\"_ _1\"></span>ation </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls29b ws1fd gs430\">The Group allocates resou<span class=\"_ _6\"></span>rces to investment and asset<span class=\"_ _d\"></span> manage<span class=\"ls27e ws293\">ment according to the sectors it expects to perform ove<span class=\"_ _6\"></span>r </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs431\">the medium term, and reports under two operating segments<span class=\"ws287\">, being Campuses and Retail &amp; London Urban Logistics.  </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls282 ws28e gs432\">The relevant g<span class=\"_ _1\"></span>ross rental income, net rental i<span class=\"_ _1\"></span>ncome, operating result and property ass<span class=\"_ _1\"></span>ets, being the measures of segment </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls286 ws299 gs433\">revenue, segment result and segment assets<span class=\"ls292 ws2a3\"> used by the manageme<span class=\"_ _1\"></span>nt of the busine<span class=\"ls27b ws288\">ss, ar<span class=\"_ _1\"></span>e set out on the following pages. </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27b ws288 gs434\">Management reviews the per<span class=\"_ _1\"></span>formance of the business principall<span class=\"ls2b7 ws2bf\">y on a proportionally consolidated basis, which includes </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2d0 ws2bd gs435\">the Group\u2019s share of joint ventur<span class=\"ls2b8 ws286\">es on a line-by-line basis and excludes non-co<span class=\"_ _1\"></span>nt<span class=\"ls282 ws28e\">rolling interests in t<span class=\"_ _1\"></span>he Group\u2019s subsidiaries.<span class=\"ls1 ws1\"> </span></span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2bd ws28c gs436\">The chief operating dec<span class=\"_ _1\"></span>ision maker <span class=\"ls2a9 ws2b6\">for the purpose of segment inform<span class=\"ls287 ws29a\">ation is the Executive Committee. </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls275 ws28a gs437\">Gross rental income is derived from the rental of buildings. <span class=\"_ _6\"></span>Operating result is the net of net rental income, fee in<span class=\"_ _6\"></span>come </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls38c ws4f0 gs438\">and adminis<span class=\"_ _1\"></span>trative expens<span class=\"_ _1\"></span>es. No customer<span class=\"_ _1\"></span> exceed<span class=\"ls27e ws293\">ed 10% of the Group\u2019s revenues in either yea<span class=\"_ _6\"></span>r.<span class=\"_ _458\"> </span></span></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls293 ws4f2 gs43a\">Segment result </div><div class=\"gs266\"><table class=\"s w955 h21c\" id=\"_c31482e1-b64d-4aa3-967c-9090fa1cd799\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x24b h19e y39e6 ff43 fs150 fc18 sc0 ls2eb ws2e6\">Retail &amp; London </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xdcd h19e y39e7 ff43 fs150 fc18 sc0 ls321 ws4f3\"> Campuses <span class=\"_ _393\"></span> </td><td></td><td></td><td class=\"t m0 x24b h19e y39e8 ff43 fs150 fc18 sc0 ls1fb ws2fb\">Urban Logistics </td><td class=\"c n xdce y39e9 w956 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1fe ws4f4\">Unallocated<span class=\"_ _458\"> </span></div></td><td></td><td class=\"c n xdcf y39e9 w957 h1ce\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1fe ws4f4\">Total<span class=\"_ _458\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x1d5 h19e y39ea ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x608 h19e y39ea ff43 fs150 fc18 sc0 ls1f5 ws1\">2024 </td><td class=\"t m0 x32c h19e y39ea ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 xdd0 h19e y39ea ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td><td class=\"t m0 x5aa h19e y39ea ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 xdd1 h19e y39ea ff43 fs150 fc18 sc0 ls1f5 ws1\">2024 </td><td class=\"t m0 xdd2 h19e y39ea ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y39ea ff43 fs150 fc18 sc0 ls1f5 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 xdd3 h19e y39eb ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 xdd4 h19e y39eb ff43 fs150 fc18 sc0 ls264 ws267\"> \u00a3m   </td><td class=\"t m0 x692 h19e y39eb ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 xdd5 h19e y39eb ff43 fs150 fc18 sc0 ls264 ws267\"> \u00a3m   </td><td class=\"t m0 x6bd h19e y39eb ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x6ec h19e y39eb ff43 fs150 fc18 sc0 ls1fc ws201\">\u00a3m  <span class=\"_ _6\"></span> </td><td class=\"t m0 x339 h19e y39eb ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y39eb ff43 fs150 fc18 sc0 ls1fc ws201\">\u00a3m  </td></tr><tr><td class=\"t m0 x20e h19f y39ec ff42 fs151 fc18 sc0 ls20a ws20f\">Gross rental income <span class=\"_ _172\"> </span><span class=\"ff43 ls3db ws610\"> <span class=\"_ _441\"></span> <span class=\"_ _283\"></span><span class=\"_ _441\"></span> <span class=\"_ _3\"></span><span class=\"_ _441\"></span> <span class=\"_ _441\"></span> <span class=\"_ _2bd\"></span><span class=\"_ _441\"></span> <span class=\"_ _3\"></span><span class=\"_ _441\"></span> <span class=\"_ _441\"></span> <span class=\"_ _283\"></span><span class=\"_ _441\"></span> <span class=\"_ _3\"></span><span class=\"_ _441\"></span> <span class=\"_ _441\"></span> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y39ed w958 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">British Land Group<span class=\"_ _458\"> </span></div></td><td class=\"c n xdd6 y39ed w959 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">95<span class=\"_ _458\"> </span></div></td><td class=\"c n xdd7 y39ed wcd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls247 ws4f5\">85<span class=\"_ _458\"> </span></div></td><td class=\"c n xdd8 y39ed w2ab h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls200 ws1\">235<span class=\"_ _458\"> </span></div></td><td class=\"c n xdd9 y39ed w95a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws4f6\">210<span class=\"_ _458\"> </span></div></td><td class=\"c n xdda y39ed w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xddb y39ed w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws4f7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xddc y39ed w218 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws1\">330<span class=\"_ _458\"> </span></div></td><td class=\"c n xddd y39ed w95b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls219 ws1\">295<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39ee w95c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Share of joint ventures<span class=\"_ _458\"> </span></div></td><td class=\"c n xdde y39ee w95d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws1\">111<span class=\"_ _458\"> </span></div></td><td class=\"c n xddf y39ee w95e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws4f8\">111<span class=\"_ _458\"> </span></div></td><td class=\"c n xde0 y39ee w95f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls319 ws1\">35<span class=\"_ _458\"> </span></div></td><td class=\"c n xde1 y39ee w3da h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws4f9\">59<span class=\"_ _458\"> </span></div></td><td class=\"c n xde2 y39ee wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xde3 y39ee w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws4f7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xde4 y39ee wdb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">146<span class=\"_ _458\"> </span></div></td><td class=\"c n xde5 y39ee w960 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls38e ws1\">170<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39ef w26d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n xde6 y39ef w961 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws1\">206<span class=\"_ _458\"> </span></div></td><td class=\"c n xde7 y39ef w962 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws4fa\">196<span class=\"_ _458\"> </span></div></td><td class=\"c n xde8 y39ef w130 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws1\">270<span class=\"_ _458\"> </span></div></td><td class=\"c n xde9 y39ef w6af h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws3ae\">269<span class=\"_ _458\"> </span></div></td><td class=\"c n xdea y39ef wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xdeb y39ef wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws4f7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xdec y39ef w963 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls38f ws1\">476<span class=\"_ _458\"> </span></div></td><td class=\"c n xded y39ef w964 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws1\">465<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y39f0 ff42 fs151 fc18 sc0 ls21b ws22d\">Net rental income <span class=\"_ _81\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _b3\"> </span><span class=\"ff43 fc18 ls389\">  <span class=\"_ _18b\"> </span></span> <span class=\"_ _67\"> </span><span class=\"ff43 fc18 ls389\">  <span class=\"_ _18b\"> </span></span> <span class=\"_ _b3\"> </span><span class=\"ff43 fc18 ls390\">  <span class=\"_ _f2\"> </span></span> <span class=\"_ _b3\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y39f1 w958 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">British Land Group<span class=\"_ _458\"> </span></div></td><td class=\"c n xdd6 y39f1 w6bb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23f ws1\">79<span class=\"_ _458\"> </span></div></td><td class=\"c n xdee y39f1 w965 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws4fb\">71<span class=\"_ _458\"> </span></div></td><td class=\"c n xdef y39f1 w179 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">222<span class=\"_ _458\"> </span></div></td><td class=\"c n xdf0 y39f1 w827 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls322 ws4fc\">207<span class=\"_ _458\"> </span></div></td><td class=\"c n xdf1 y39f1 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xdf2 y39f1 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws4f7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xdf3 y39f1 w966 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws1\">301<span class=\"_ _458\"> </span></div></td><td class=\"c n xa1c y39f1 w967 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws1\">278<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39f2 w95c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Share of joint ventures<span class=\"_ _458\"> </span></div></td><td class=\"c n xdf4 y39f2 w959 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">98<span class=\"_ _458\"> </span></div></td><td class=\"c n xdf5 y39f2 w95d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws4fd\">95<span class=\"_ _458\"> </span></div></td><td class=\"c n xdf6 y39f2 wcd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls244 ws1\">32<span class=\"_ _458\"> </span></div></td><td class=\"c n xdf7 y39f2 w3da h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws4f9\">56<span class=\"_ _458\"> </span></div></td><td class=\"c n xdf8 y39f2 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xdf9 y39f2 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws4f7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xdfa y39f2 w966 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws1\">130<span class=\"_ _458\"> </span></div></td><td class=\"c n xdfb y39f2 w968 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">151<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39f3 w26d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n xdfc y39f3 w969 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">177<span class=\"_ _458\"> </span></div></td><td class=\"c n xdfd y39f3 w859 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws4fa\">166<span class=\"_ _458\"> </span></div></td><td class=\"c n xdfe y39f3 w6ae h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws1\">254<span class=\"_ _458\"> </span></div></td><td class=\"c n xdff y39f3 w96a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws4fe\">263<span class=\"_ _458\"> </span></div></td><td class=\"c n xe00 y39f3 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe01 y39f3 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws4f7\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe02 y39f3 w746 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws1\">431<span class=\"_ _458\"> </span></div></td><td class=\"c n xe03 y39f3 w96b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws1\">429<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y39f4 ff42 fs151 fc18 sc0 ls213 ws25c\">Operating result <span class=\"_ _1b4\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _b3\"> </span><span class=\"ff43 fc18 ls389\">  <span class=\"_ _18b\"> </span></span> <span class=\"_ _67\"> </span><span class=\"ff43 fc18 ls389\">  <span class=\"_ _18b\"> </span></span> <span class=\"_ _b3\"> </span><span class=\"ff43 fc18 ls390\">  <span class=\"_ _f2\"> </span></span> <span class=\"_ _b3\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3653 w958 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">British Land Group<span class=\"_ _458\"> </span></div></td><td class=\"c n xdd6 y3653 w6c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">93<span class=\"_ _458\"> </span></div></td><td class=\"c n xe04 y3653 w38c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws4ff\">89<span class=\"_ _458\"> </span></div></td><td class=\"c n x713 y3653 w179 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">222<span class=\"_ _458\"> </span></div></td><td class=\"c n xe05 y3653 w6a0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws3ae\">206<span class=\"_ _458\"> </span></div></td><td class=\"c n xe06 y3653 w6cd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws1\">(52)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe07 y3653 w61 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws500\">(56)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe08 y3653 w533 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws1\">263<span class=\"_ _458\"> </span></div></td><td class=\"c n xe09 y3653 w96c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">239<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f6 w95c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Share of joint ventures<span class=\"_ _458\"> </span></div></td><td class=\"c n xdf4 y36f6 w959 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">89<span class=\"_ _458\"> </span></div></td><td class=\"c n x4b0 y36f6 wcd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls247 ws4f5\">85<span class=\"_ _458\"> </span></div></td><td class=\"c n xe0a y36f6 w3f4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws1\">30<span class=\"_ _458\"> </span></div></td><td class=\"c n xe0b y36f6 wc1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws4f9\">54<span class=\"_ _458\"> </span></div></td><td class=\"c n xe0c y36f6 wac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe0d y36f6 waf h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws501\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe0e y36f6 w566 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23e ws1\">119<span class=\"_ _458\"> </span></div></td><td class=\"c n xe0f y36f6 w96d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws1\">137<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w26d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n xdfc y3655 w895 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls209 ws1\">182<span class=\"_ _458\"> </span></div></td><td class=\"c n xe10 y3655 w96e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls247 ws4f5\">174<span class=\"_ _458\"> </span></div></td><td class=\"c n xe11 y3655 w2ab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws1\">252<span class=\"_ _458\"> </span></div></td><td class=\"c n xe12 y3655 w6a0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws502\">260<span class=\"_ _458\"> </span></div></td><td class=\"c n xe13 y3655 w6cd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws1\">(52)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe14 y3655 w307 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls207 ws503\">(58)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe15 y3655 w96f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls245 ws1\">382<span class=\"_ _458\"> </span></div></td><td class=\"c n xe16 y3655 w970 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">376<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"gs43b\"><table class=\"s w971 h21d\" id=\"_d35019b7-9689-4df7-8ebd-80e993f69270\"><tr><td></td><td class=\"t m0 x273 h19e y39f5 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y39f5 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td class=\"t m0 x20e h19f y39f6 ff42 fs151 fc18 sc0 ls20e ws24f\">Reconciliation to Underlying Profit </td><td class=\"t m0 x1da h19e y39f7 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y39f7 ff43 fs150 fc18 sc0 ls1fc ws201\">\u00a3m  </td></tr><tr><td class=\"c n x1dc y39f8 w972 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Operating result<span class=\"_ _458\"> </span></div></td><td class=\"c n x27e y39f8 w973 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls245 ws1\">382<span class=\"_ _458\"> </span></div></td><td class=\"c n xe17 y39f8 w118 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws1\">376<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39f9 w974 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Net financing charges<span class=\"_ _458\"> </span></div></td><td class=\"c n x4eb y39f9 w66 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws1\">(103)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe18 y39f9 w975 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls245 ws1\">(108)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39fa w976 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls202 ws33c\">Underlying Profit<span class=\"_ _458\"> </span></div></td><td class=\"c n xb2e y39fa w288 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws1\">279<span class=\"_ _458\"> </span></div></td><td class=\"c n xb2f y39fa wb1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">268<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y39fb ff42 fs151 fc18 sc0 ls1 ws222\">Reconciliation to profit befor<span class=\"_ _1\"></span>e taxation <span class=\"_ _399\"> </span><span class=\"fc16 ws1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y39fc w93 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Underlying Profit<span class=\"_ _458\"> </span></div></td><td class=\"c n xe19 y39fc w68 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls252 ws1\">279<span class=\"_ _458\"> </span></div></td><td class=\"c n xe1a y39fc wa9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws1\">268<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39fd w977 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">Capital and other<span class=\"_ _458\"> </span></div></td><td class=\"c n xa6e y39fd w6c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls212 ws1\">63<span class=\"_ _458\"> </span></div></td><td class=\"c n xe1b y39fd w978 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws1\">(254)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39fe w979 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Underlying Profit attributable to non-controlling interests<span class=\"_ _458\"> </span></div></td><td class=\"c n xe1c y39fe w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe1d y39fe w81 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">1<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39ff w97a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls20a ws20f\">Total profit before taxation<span class=\"_ _458\"> </span></div></td><td class=\"c n x4ff y39ff w2a6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls207 ws1\">342<span class=\"_ _458\"> </span></div></td><td class=\"c n x500 y39ff w2a7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">15<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3a00 ff42 fs151 fc18 sc0 ls20e ws219\">Reconciliation to Group revenue <span class=\"_ _1f0\"> </span><span class=\"fc16 ls1 ws1\"> <span class=\"_ _100\"> </span><span class=\"ff43 fc18\"> </span></span></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3a01 w97b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Gross rental income per oper<span class=\"_ _1\"></span>ating segment result<span class=\"_ _458\"> </span></div></td><td class=\"c n xe1e y3a01 w97c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls38f ws1\">476<span class=\"_ _458\"> </span></div></td><td class=\"c n xc43 y3a01 w964 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws1\">465<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a02 w97d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws216\">Less share of gross rental income of joint ven<span class=\"_ _1\"></span>tures<span class=\"_ _458\"> </span></div></td><td class=\"c n xe1f y3a02 w97e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws1\">(146)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe20 y3a02 w8f0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws1\">(170)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39f2 w97f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Plus share of gross rental income attributabl<span class=\"_ _1\"></span>e to non-controlling interests<span class=\"_ _458\"> </span></div></td><td class=\"c n x5a1 y39f2 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe21 y39f2 wb2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">2<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y39f3 w980 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls223 ws250\">Gross rental income (Note 3)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe22 y39f3 w218 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls216 ws1\">330<span class=\"_ _458\"> </span></div></td><td class=\"c n xe23 y39f3 w981 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls327 ws1\">297<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w229 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">Service charge income<span class=\"_ _458\"> </span></div></td><td class=\"c n xe24 y3652 w562 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23f ws1\">77<span class=\"_ _458\"> </span></div></td><td class=\"c n xe25 y3652 w3da h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">59<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w982 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">Management and perfor<span class=\"_ _1\"></span>mance fees (from join<span class=\"ls20b ws255\">t ventures and assets under manage<span class=\"_ _1\"></span>ment</span><span class=\"ls20b ws255\">)<span class=\"_ _458\"> </span></span></div></td><td class=\"c n xe26 y3653 w3f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws1\">20<span class=\"_ _458\"> </span></div></td><td class=\"c n xe27 y3653 w983 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">17<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3654 w234 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">Other fees and commissions<span class=\"_ _458\"> </span></div></td><td class=\"c n xe28 y3654 wcd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls247 ws1\">27<span class=\"_ _458\"> </span></div></td><td class=\"c n xe29 y3654 wab h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws1\">28<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w984 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls21b ws22d\">Revenue (consolidated income statement)<span class=\"_ _458\"> </span></div></td><td class=\"c n xb42 y3655 w985 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls319 ws1\">454<span class=\"_ _458\"> </span></div></td><td class=\"c n xe2a y3655 w30 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls203 ws1\">401<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2a1 ws252 gs43c\">A reconciliation between net financing charges in the co<span class=\"ls272 ws287\">nsolidated income statement and net financing charges </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls298 ws2ac gs43d\">of \u00a3103m (2023/24: \u00a3<span class=\"_ _6\"></span>108m) in the segme<span class=\"_ _d\"></span>ntal disclosures <span class=\"ls21c ws234\">above can be found within Ta<span class=\"ls288 ws295\">ble A in the supplementary </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls1 ws29d gs43e\">disclosures. Of the total <span class=\"_ _6\"></span>revenues above, \u00a3<span class=\"_ _6\"></span>nil (2<span class=\"ls299 ws2a3\">023/24: \u00a3nil) was derived from outside the UK. </span></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls354 ws504 gs440\">Segment assets </div><div class=\"gs266\"><table class=\"s w986 h21e\" id=\"_29db1b7d-9f35-4804-a8ac-3be26e72b291\"><tr><td></td><td></td><td></td><td class=\"t m0 x3f6 h19e y3a03 ff43 fs150 fc18 sc0 ls2eb ws2e6\">Retail &amp; London  </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xe2b h19e y3a04 ff43 fs150 fc18 sc0 ls321 ws505\"> Campuses <span class=\"_ _369\"></span> </td><td></td><td class=\"t m0 x429 h19e y3a05 ff43 fs150 fc18 sc0 ls1fb ws2fb\">Urban Logistics </td><td></td><td class=\"t m0 x6ec h19e y3a04 ff43 fs150 fc18 sc0 ls1ff ws506\"> Total </td><td></td></tr><tr><td></td><td class=\"t m0 x450 h19e y3a06 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x455 h19e y3a06 ff43 fs150 fc18 sc0 ls1f5 ws1\">2024 </td><td class=\"t m0 x1d0 h19e y3a06 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x451 h19e y3a06 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td><td class=\"t m0 x273 h19e y3a06 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3a06 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x3f3 h19e y3a07 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 xe2c h19e y3a07 ff43 fs150 fc18 sc0 ls25b ws3bd\">\u00a3m  </td><td class=\"t m0 x1d8 h19e y3a07 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x3f7 h19e y3a07 ff43 fs150 fc18 sc0 ls25b ws3bd\">\u00a3m  </td><td class=\"t m0 x1da h19e y3a07 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3a07 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"t m0 x20e h19f y39f4 ff42 fs151 fc18 sc0 ls212 ws238\">Property assets <span class=\"_ _126\"> </span><span class=\"ff43 ls3db ws610\"> <span class=\"_ _433\"></span> <span class=\"_ _1ce\"></span><span class=\"_ _433\"></span> <span class=\"_ _3\"></span><span class=\"_ _433\"></span> <span class=\"_ _433\"></span> <span class=\"_ _1ce\"></span><span class=\"_ _433\"></span> <span class=\"_ _20\"></span><span class=\"_ _433\"></span> <span class=\"_ _433\"></span> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3653 w958 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">British Land Group<span class=\"_ _458\"> </span></div></td><td class=\"c n xe2d y3653 w987 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls251 ws1\">2,397<span class=\"_ _458\"> </span></div></td><td class=\"c n xe2e y3653 w988 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws4c5\">2,360<span class=\"_ _458\"> </span></div></td><td class=\"c n xe2f y3653 w989 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws1\">3,671<span class=\"_ _458\"> </span></div></td><td class=\"c n xe30 y3653 w732 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls219 ws507\">2,760<span class=\"_ _458\"> </span></div></td><td class=\"c n xe31 y3653 w98a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">6,068<span class=\"_ _458\"> </span></div></td><td class=\"c n xe32 y3653 w98b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls366 ws1\">5,120<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f6 w95c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Share of joint ventures<span class=\"_ _458\"> </span></div></td><td class=\"c n xe33 y36f6 w98c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls200 ws1\">3,107<span class=\"_ _458\"> </span></div></td><td class=\"c n xe34 y36f6 w278 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws4fd\">2,922<span class=\"_ _458\"> </span></div></td><td class=\"c n xe35 y36f6 w25d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls200 ws1\">314<span class=\"_ _458\"> </span></div></td><td class=\"c n xe36 y36f6 w6a0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws508\">646<span class=\"_ _458\"> </span></div></td><td class=\"c n xe37 y36f6 w98d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws1\">3,421<span class=\"_ _458\"> </span></div></td><td class=\"c n xe38 y36f6 w736 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls236 ws1\">3,568<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w26d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n xe39 y3655 w98e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls223 ws1\">5,504<span class=\"_ _458\"> </span></div></td><td class=\"c n xe3a y3655 w98f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls251 ws4fe\">5,282<span class=\"_ _458\"> </span></div></td><td class=\"c n xe3b y3655 w990 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws1\">3,985<span class=\"_ _458\"> </span></div></td><td class=\"c n xe3c y3655 w991 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws4c8\">3,406<span class=\"_ _458\"> </span></div></td><td class=\"c n xe3d y3655 w992 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">9,489<span class=\"_ _458\"> </span></div></td><td class=\"c n xe3e y3655 w993 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws1\">8,688<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc3 ls391 ws509 gs441\">Reconciliation to net assets<span class=\"_ _6\"></span> </div><div class=\"gs442\"><table class=\"s w994 h21f\" id=\"_74063fa1-b5c8-4e51-b027-5c2b8c31c911\"><tr><td></td><td class=\"t m0 x273 h19e y3a08 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3a08 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td class=\"t m0 x20e h19f y3a09 ff42 fs151 fc18 sc0 ls1 ws222\">British Land Group </td><td class=\"t m0 x1da h19e y3a0a ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3a0a ff43 fs150 fc18 sc0 ls1fc ws201\">\u00a3m  </td></tr><tr><td class=\"c n x1dc y3938 w995 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Property assets<span class=\"_ _458\"> </span></div></td><td class=\"c n xe3f y3938 w992 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">9,489<span class=\"_ _458\"> </span></div></td><td class=\"c n xe40 y3938 w993 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws1\">8,688<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a0b w996 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Other non-current assets<span class=\"_ _458\"> </span></div></td><td class=\"c n xe41 y3a0b w3f4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls213 ws1\">64<span class=\"_ _458\"> </span></div></td><td class=\"c n xe42 y3a0b w997 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws1\">73<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y38d5 w998 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls205 ws20b\">Non-current assets<span class=\"_ _458\"> </span></div></td><td class=\"c n xe43 y38d5 w999 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls205 ws1\">9,553<span class=\"_ _458\"> </span></div></td><td class=\"c n xe44 y38d5 w99a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws1\">8,761<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y392e w99b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Other net current liabilities<span class=\"_ _458\"> </span></div></td><td class=\"c n xe45 y392e w66 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws1\">(310)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe46 y392e w467 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws1\">(331)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y3939 w99c h1d1\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">EPRA net debt</div><div class=\"t m0 xe47 h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xe48 y3939 w99d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21b ws1\">(3,545)</div></td><td class=\"c n xe49 y3939 w99e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls200 ws1\">(3,178)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w1ea h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls2ff ws303\">EPRA NT<span class=\"_ _d\"></span>A<span class=\"_ _458\"> </span></div></td><td class=\"c n xe4a y3652 w99f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws1\">5,698<span class=\"_ _458\"> </span></div></td><td class=\"c n xe4b y3652 w9a0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">5,252<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w110 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Non-controlling interests<span class=\"_ _458\"> </span></div></td><td class=\"c n xe4c y3653 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe4d y3653 w10a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">13<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f6 w9a1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">EPRA adjustments<span class=\"_ _458\"> </span></div></td><td class=\"c n xe4e y36f6 w168 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20a ws1\">12<span class=\"_ _458\"> </span></div></td><td class=\"c n xe4f y36f6 wd6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls250 ws1\">47<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w9a2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls213 ws25c\">Net assets (consolidated balance sheet)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe50 y3655 w9a3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws1\">5,710<span class=\"_ _458\"> </span></div></td><td class=\"c n xe51 y3655 wfe h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23d ws1\">5,312<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls30d ws333 gs443\">1. A reconciliation between E<span class=\"_ _6\"></span>PRA net debt <span class=\"ls226\">and IFRS net deb<span class=\"_ _6\"></span>t can be found within Tabl<span class=\"_ _d\"></span><span class=\"ls268 ws392\">e <span class=\"_ _1\"></span>A in the supplementary disclosures.  </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-515": {
   "value": "<div class=\"t m0 h1a7 ff42 fs153 fc16 sc0 ls38b ws4ef gs445\">21 Capital <span class=\"_ _30\"></span>commitments </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls277 ws28d gs446\">The aggregate capital commitments to purchase, construct or<span class=\"ls272 ws287\"> develop investment property, for repairs, maintenance </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls2b1 ws2ba gs447\">or enhancements, or for the purchase of investments which ar<span class=\"_ _1\"></span>e contracted for but not provided, are set out below: </div><div class=\"gs448\"><table class=\"s w9a4 h220\" id=\"_8c2d2c11-c371-49cb-b32b-897d4ec85f92\"><tr><td></td><td class=\"t m0 x32f h19e y3a0c ff43 fs150 fc18 sc0 ls1 ws1\"> <span class=\"_ _99\"> </span><span class=\"ff42 fc16 ls1f4\">2025 </span></td><td class=\"t m0 x274 h19e y3a0c ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3a0d ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3a0d ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3759 w958 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">British Land Group<span class=\"_ _458\"> </span></div></td><td class=\"c n xe52 y3759 wd5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls319 ws1\">38<span class=\"_ _458\"> </span></div></td><td class=\"c n xe53 y3759 w676 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws1\">148<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f6 w95c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Share of joint ventures<span class=\"_ _458\"> </span></div></td><td class=\"c n xe54 y36f6 w9a5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">250<span class=\"_ _458\"> </span></div></td><td class=\"c n xe55 y36f6 w75d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls247 ws1\">174<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xa7a y3655 w15f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23b ws1\">288<span class=\"_ _458\"> </span></div></td><td class=\"c n xe56 y3655 w9a6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws1\">322<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs449\">As part of the Group\u2019s 2030 Sustainability Strategy, the Grou<span class=\"ws2a3\">p\u2019s Transition Vehicle applies an internal levy of \u00a390 per </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws287 gs44a\">tonne to the embodied carbon within de<span class=\"ls289 ws29b\">velopments. Two-thirds of the internal levy is available to finance carb<span class=\"_ _6\"></span>on </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs44b\">efficient interventions which improve ener<span class=\"ls249 ws28e\">gy efficiency and reduce carbon emi<span class=\"ls2b6 ws299\">ssion<span class=\"_ _6\"></span>s from our <span class=\"_ _6\"></span>standing portfolio. The </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs44c\">remaining third is used to purchase carbon credits to miti<span class=\"ls28b ws259\">gate the residual embodied carbon in our develop<span class=\"_ _6\"></span>ments. The </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls27c ws291 gs44d\">Group committed \u00a31m to carbon efficient interventions in th<span class=\"ls249 ws28e\">e year to 31 March 2<span class=\"_ _6\"></span>025 (2023/24: \u00a35m). The G<span class=\"_ _d\"></span>r<span class=\"_ _1\"></span>oup spent </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls249 ws288 gs44e\">\u00a33m in the year to 31 March 2025 (2023/<span class=\"_ _d\"></span><span class=\"ls295 ws2a6\">24: \u00a31m) on carbon efficient interventions, of which<span class=\"_ _6\"></span> \u00a32m is recove<span class=\"_ _6\"></span>rable through </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls28e ws29f gs44f\">the service charge. </div><div class=\"t m0 h1a7 ff42 fs153 fc16 sc0 ls31c ws4a3 gs462\">23 Contingent <span class=\"_ _27\"></span>li<span class=\"_ _1\"></span>abilities </div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls28a ws29c gs463\">Group and joint ventures </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs464\">The Group and joint ventures have contingent liabilities in re<span class=\"ls26f ws284\">spect of legal claims, guarantees and warranties arising in </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls289 ws29b gs465\">the ordinary course of business. It is not anticipated that an<span class=\"ls272 ws287\">y mate<span class=\"_ _6\"></span>rial liabilities will arise from these contingent liabiliti<span class=\"ls351 ws1\">es.</span></span><span class=\"ls272 ws287\"><span class=\"ls351 ws1\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-537": {
   "value": "21 Capital <span class=\"_ _30\"></span>commitments The aggregate capital commitments to purchase, construct or<span class=\"ls272 ws287\"> develop investment property, for repairs, maintenance </span>or enhancements, or for the purchase of investments which ar<span class=\"_ _1\"></span>e contracted for but not provided, are set out below: <table class=\"s w9a4 h220\" id=\"_8c2d2c11-c371-49cb-b32b-897d4ec85f92\"><tr><td></td><td class=\"t m0 x32f h19e y3a0c ff43 fs150 fc18 sc0 ls1 ws1\"> <span class=\"_ _99\"> </span><span class=\"ff42 fc16 ls1f4\">2025 </span></td><td class=\"t m0 x274 h19e y3a0c ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td></td><td class=\"t m0 x1da h19e y3a0d ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3a0d ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3759 w958 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">British Land Group<span class=\"_ _458\"> </span></div></td><td class=\"c n xe52 y3759 wd5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls319 ws1\">38<span class=\"_ _458\"> </span></div></td><td class=\"c n xe53 y3759 w676 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws1\">148<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36f6 w95c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Share of joint ventures<span class=\"_ _458\"> </span></div></td><td class=\"c n xe54 y36f6 w9a5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20e ws1\">250<span class=\"_ _458\"> </span></div></td><td class=\"c n xe55 y36f6 w75d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls247 ws1\">174<span class=\"_ _458\"> </span></div></td></tr><tr><td></td><td class=\"c n xa7a y3655 w15f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23b ws1\">288<span class=\"_ _458\"> </span></div></td><td class=\"c n xe56 y3655 w9a6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls246 ws1\">322<span class=\"_ _458\"> </span></div></td></tr></table>As part of the Group\u2019s 2030 Sustainability Strategy, the Grou<span class=\"ws2a3\">p\u2019s Transition Vehicle applies an internal levy of \u00a390 per </span>tonne to the embodied carbon within de<span class=\"ls289 ws29b\">velopments. Two-thirds of the internal levy is available to finance carb<span class=\"_ _6\"></span>on </span>efficient interventions which improve ener<span class=\"ls249 ws28e\">gy efficiency and reduce carbon emi<span class=\"ls2b6 ws299\">ssion<span class=\"_ _6\"></span>s from our <span class=\"_ _6\"></span>standing portfolio. The </span></span>remaining third is used to purchase carbon credits to miti<span class=\"ls28b ws259\">gate the residual embodied carbon in our develop<span class=\"_ _6\"></span>ments. The </span>Group committed \u00a31m to carbon efficient interventions in th<span class=\"ls249 ws28e\">e year to 31 March 2<span class=\"_ _6\"></span>025 (2023/24: \u00a35m). The G<span class=\"_ _d\"></span>r<span class=\"_ _1\"></span>oup spent </span>\u00a33m in the year to 31 March 2025 (2023/<span class=\"_ _d\"></span><span class=\"ls295 ws2a6\">24: \u00a31m) on carbon efficient interventions, of which<span class=\"_ _6\"></span> \u00a32m is recove<span class=\"_ _6\"></span>rable through </span>the service charge. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-539": {
   "value": "<div class=\"t m0 h1a7 ff42 fs153 fc16 sc0 ls318 ws50a gs451\">22 <span class=\"_ _2b\"> </span>Related party transactions<span class=\"_ _458\"> </span> </div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs452\">Directors are the key management personnel and have the <span class=\"ls270 ws285\">authority and responsibility <span class=\"ls2a1 ws252\">for planning, directing and<span class=\"_ _458\"> </span></span></span><span class=\"ls270 ws285\"><span class=\"ls2a1 ws252\"> </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs453\">controlling the activities of the entity. Details of Director<span class=\"ls2a1 ws252\">s\u2019 remuneration are given in the Remuneration Report on<span class=\"_ _458\"> </span></span><span class=\"ls2a1 ws252\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs454\">pages 107 to 129. Details of transactions with The Britis<span class=\"ls2a1 ws252\">h Land Group of Companies Pension Scheme, and other smaller<span class=\"_ _458\"> </span></span><span class=\"ls2a1 ws252\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls297 ws2a8 gs455\">pension schemes, are given in Note 9. Details of trans<span class=\"_ _1\"></span>actions<span class=\"ls274 ws289\"> with joint ventures are given in Notes 3 and 11 and outlined<span class=\"_ _458\"> </span></span><span class=\"ls274 ws289\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls272 ws1 gs456\">below. </div><div class=\"gs457\"><table class=\"s w9a7 h221\" id=\"_c9c3eff0-0a6a-4fd0-b2bc-a841ad735b6f\"><tr><td></td><td></td><td class=\"t m0 xae5 h19e y3a0e ff42 fs150 fc16 sc0 ls339 ws1\">Joint </td><td class=\"t m0 x1d4 h19e y3a0f ff43 fs150 fc18 sc0 ls263 ws1\">Joint </td></tr><tr><td></td><td></td><td class=\"t m0 xc2e h19e y3a10 ff42 fs150 fc16 sc0 ls1fe ws1\">ventures </td><td class=\"t m0 x3ed h19e y3a11 ff43 fs150 fc18 sc0 ls2ec ws1\">ventures </td></tr><tr><td></td><td></td><td class=\"t m0 xae5 h19e y3a12 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3a13 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td class=\"t m0 x20e h19f y3a14 ff42 fs151 fc18 sc0 ls20e ws216\">Summarised income statement </td><td class=\"t m0 x563 h19e y3a15 ff43 fs150 fc18 sc0 ls341 ws1\">Note<span class=\"_ _458\"> </span></td><td class=\"t m0 xa3a h19e y3a16 ff42 fs150 fc16 sc0 ls341 ws1\">\u00a3m<span class=\"sc1 ls1\"> </span></td><td class=\"t m0 x1db h19e y3a17 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3723 w9a8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Management and perfor<span class=\"_ _1\"></span>mance fees (from joint ventures and assets under management)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe57 y3723 w1af h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n xe58 y3723 w3f4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws1\">20<span class=\"_ _458\"> </span></div></td><td class=\"c n xe59 y3723 w596 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">17<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3799 w9a9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Share of distributions<span class=\"_ _458\"> </span></div></td><td class=\"c n xe5a y3799 wa6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n xe5b y3799 w2b1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23f ws1\">72<span class=\"_ _458\"> </span></div></td><td class=\"c n xe5c y3799 w12e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws1\">77<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3759 w9aa h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Capital return<span class=\"_ _458\"> </span></div></td><td class=\"c n xe5d y3759 wa6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n xe5e y3759 w127 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xe5f y3759 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3a18 ff42 fs151 fc18 sc0 ls216 ws50b\">Summarised balance sheet <span class=\"_ _18e\"> </span><span class=\"fc16 ls3db ws610\"> <span class=\"_ _442\"></span> </span><span class=\"fc16 ls3db ws610\"><span class=\"_ _442\"></span><span class=\"ff43 fc18 ls1\"> </span></span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3655 w9ab h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws1\">Loans<span class=\"_ _458\"> </span></div></td><td class=\"c n xe60 y3655 wa6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n xe61 y3655 w9ac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws1\">(1,152)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe62 y3655 w9ad h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">(1,252)<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls24a ws258 gs458\">The Group\u2019s net closing investments in and loans to joint ve<span class=\"ls270 ws285\">ntures,<span class=\"_ _6\"></span> the associated closing <span class=\"ls24d ws25b\">provision for impairment and<span class=\"_ _458\"> </span></span></span><span class=\"ls270 ws285\"><span class=\"ls24d ws25b\"> </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls299 ws2a3 gs459\">movement in provision for impairment in the year are outlin<span class=\"ls27d ws292\">ed below. The provision for im<span class=\"ls275 ws28a\">pairment of investme<span class=\"_ _6\"></span>nts in<span class=\"_ _458\"> </span></span></span><span class=\"ls27d ws292\"><span class=\"ls275 ws28a\"> </span></span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls274 ws289 gs45a\">joint ventures is calculated in accordance with IAS 36, an<span class=\"ls24a ws258\">d provision for impairment of loans to joint ventures is<span class=\"_ _458\"> </span></span><span class=\"ls24a ws258\"> </span></div><div class=\"t m0 h19d ff43 fs14f fc18 sc0 ls270 ws285 gs45b\">calculated in accordance with <span class=\"ls28b ws259\">IFRS 9 a<span class=\"_ _6\"></span>s set ou<span class=\"ls21c ws234\">t in Note 1.<span class=\"_ _458\"> </span></span></span><span class=\"ls28b ws259\"><span class=\"ls21c ws234\"> </span></span></div><div class=\"t m0 h1a8 ff42 fs154 fc17 sc0 ls354 ws3d2 gs45c\">Provision for impairment of in<span class=\"ls29e ws2af\">vestments in joint ventures</span><span class=\"ls29e ws2af\"> </span></div><div class=\"gs45d\"><table class=\"s w9ae h222\" id=\"_51ce22bc-56c4-442b-a003-84299df76325\"><tr><td></td><td></td><td></td><td></td><td class=\"c n xe63 y3a19 w680 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f4 ws50c\">2025<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n xe64 y3a19 w9af h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f5 ws50d\">2024<span class=\"_ _458\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x71c h19e y3a1a ff42 fs150 fc16 sc0 ls2fc ws1\">Closing </td><td></td><td class=\"t m0 x5ae h19e y3a1b ff42 fs150 fc16 sc0 ls302 ws30f\">Movement in </td><td></td><td></td><td></td><td class=\"t m0 xe65 h19e y3a1c ff43 fs150 fc18 sc0 ls265 ws348\">Closing  </td><td></td><td class=\"t m0 xd5f h19e y3a1d ff43 fs150 fc18 sc0 ls2ef ws2ff\">Movement in </td></tr><tr><td></td><td></td><td class=\"t m0 xe66 h19e y3a1e ff42 fs150 fc16 sc0 ls2ec ws50e\">Net closing </td><td></td><td class=\"t m0 xe67 h19e y3a1f ff42 fs150 fc16 sc0 ls263 ws50f\"> provision for </td><td></td><td class=\"t m0 xa04 h19e y3a20 ff42 fs150 fc16 sc0 ls2e9 ws347\">provision for </td><td></td><td class=\"t m0 xe68 h19e y3a20 ff43 fs150 fc18 sc0 ls2ed ws2e7\">Net closing </td><td></td><td class=\"t m0 x567 h19e y3a21 ff43 fs150 fc18 sc0 ls339 ws510\">provision for </td><td></td><td class=\"t m0 xd5f h19e y3a22 ff43 fs150 fc18 sc0 ls339 ws510\">provision for </td></tr><tr><td></td><td></td><td class=\"t m0 xa37 h19e y3a23 ff42 fs150 fc16 sc0 ls1f6 ws1\">investment </td><td></td><td class=\"t m0 x333 h19e y3a24 ff42 fs150 fc16 sc0 ls1f9 ws1\">impairment </td><td></td><td class=\"t m0 x1cf h19e y3a25 ff42 fs150 fc16 sc0 ls1f9 ws1\">impairment  <span class=\"ff43 fc18 ls1\"> </span></td><td></td><td class=\"t m0 x53e h19e y3a25 ff43 fs150 fc18 sc0 ls258 ws1\">investment </td><td></td><td class=\"t m0 xdd1 h19e y3a26 ff43 fs150 fc18 sc0 ls2ef ws1\">impairment </td><td></td><td class=\"t m0 xe69 h19e y3a27 ff43 fs150 fc18 sc0 ls2ef ws1\">impairment </td></tr><tr><td></td><td class=\"t m0 xe6a h19e y3a28 ff42 fs150 fc16 sc0 ls393 ws1\">Loan </td><td class=\"t m0 xe6b h19e y3a28 ff42 fs150 fc16 sc0 ls2fb ws1\">Equity </td><td class=\"t m0 xdd3 h19e y3a28 ff42 fs150 fc16 sc0 ls393 ws1\">Loan </td><td class=\"t m0 x324 h19e y3a28 ff42 fs150 fc16 sc0 ls2fb ws1\">Equity </td><td class=\"t m0 x44e h19e y3a28 ff42 fs150 fc16 sc0 ls393 ws1\">Loan </td><td class=\"t m0 x320 h19e y3a28 ff42 fs150 fc16 sc0 ls2fb ws1\">Equity </td><td class=\"t m0 x51a h19e y3a28 ff43 fs150 fc18 sc0 ls304 ws1\">Loan </td><td class=\"t m0 x6e2 h19e y3a28 ff43 fs150 fc18 sc0 ls1fc ws1\">Equity </td><td class=\"t m0 x563 h19e y3a28 ff43 fs150 fc18 sc0 ls304 ws1\">Loan </td><td class=\"t m0 xad4 h19e y3a28 ff43 fs150 fc18 sc0 ls1fc ws1\">Equity </td><td class=\"t m0 xacf h19e y3a28 ff43 fs150 fc18 sc0 ls304 ws1\">Loan </td><td class=\"t m0 x331 h19e y3a28 ff43 fs150 fc18 sc0 ls1fc ws1\">Equity </td></tr><tr><td></td><td class=\"t m0 xc2d h19e y3a29 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 xe6c h19e y3a29 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x68c h19e y3a29 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x450 h19e y3a29 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x606 h19e y3a29 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 xe6d h19e y3a29 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m  <span class=\"ff43 fc18 ls1\"> </span></td><td class=\"t m0 xe6e h19e y3a29 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x690 h19e y3a29 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x567 h19e y3a29 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 xcb0 h19e y3a29 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 xd5f h19e y3a29 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3a29 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3a2a w9b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws277\">Broadgate<span class=\"_ _458\"> </span></div></td><td class=\"c n xe6f y3a2a w9b1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws511\">835<span class=\"_ _458\"> </span></div></td><td class=\"c n xe70 y3a2a w9b2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws511\">634<span class=\"_ _458\"> </span></div></td><td class=\"c n xe71 y3a2a w170 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws511\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe72 y3a2a w1fa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws511\">(12)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe73 y3a2a w170 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws511\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe74 y3a2a w9b3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws511\">20<span class=\"_ _458\"> </span></div></td><td class=\"c n xe75 y3a2a w9b4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws512\">634<span class=\"_ _458\"> </span></div></td><td class=\"c n xe76 y3a2a w9b5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws512\">708<span class=\"_ _458\"> </span></div></td><td class=\"c n xe77 y3a2a w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws512\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe78 y3a2a w9b6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws512\">(32)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe79 y3a2a w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws512\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe7a y3a2a w9b7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws512\">97<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y384d w9b8 h1d9\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws1\">Meadowhall</div><div class=\"t m0 xe7b h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xe7c y384d w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws513\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe7d y384d w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws513\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe7e y384d w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws513\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe7f y384d w98 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws513\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe80 y384d w9b9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws513\">174<span class=\"_ _458\"> </span></div></td><td class=\"c n xe81 y384d w9ba h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws513\">199<span class=\"_ _458\"> </span></div></td><td class=\"c n xe82 y384d w9bb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws514\">145<span class=\"_ _458\"> </span></div></td><td class=\"c n xe83 y384d wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws514\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe84 y384d w9bc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws514\">(174)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe85 y384d w9bd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws514\">(199)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe86 y384d w9be h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws514\">18<span class=\"_ _458\"> </span></div></td><td class=\"c n xe87 y384d w247 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws514\">(6)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y384e w9bf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws481\">WOSC<span class=\"_ _458\"> </span></div></td><td class=\"c n xe88 y384e w9c0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws515\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n xe89 y384e w9c1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws515\">17<span class=\"_ _458\"> </span></div></td><td class=\"c n xe8a y384e w688 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws515\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe8b y384e w9c2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws515\">(21)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe8c y384e w43 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws515\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe8d y384e w2a1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws515\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xe8e y384e w9c3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws516\">12<span class=\"_ _458\"> </span></div></td><td class=\"c n xe8f y384e w5c8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws516\">16<span class=\"_ _458\"> </span></div></td><td class=\"c n xe90 y384e w9c4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws516\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe91 y384e w9c5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws516\">(22)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe92 y384e w9c6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws516\">19<span class=\"_ _458\"> </span></div></td><td class=\"c n xe93 y384e w9c7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws516\">(22)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y399c w9c8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws387\">BL West End<span class=\"_ _458\"> </span></div></td><td class=\"c n xe94 y399c w9c9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws517\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n xe95 y399c w34c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws517\">61<span class=\"_ _458\"> </span></div></td><td class=\"c n xe96 y399c w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws517\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe97 y399c w9ca h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws517\">(30)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe98 y399c w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws517\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe99 y399c w9cb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws517\">(10)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe9a y399c w9cc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws518\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n xe9b y399c w9cd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws518\">69<span class=\"_ _458\"> </span></div></td><td class=\"c n xe9c y399c w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws518\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe9d y399c w27b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws518\">(20)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe9e y399c w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws518\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe9f y399c w1a2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws518\">(7)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3784 w9ce h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Canada Water<span class=\"_ _458\"> </span></div></td><td class=\"c n xea0 y3784 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws519\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xea1 y3784 w9cf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws519\">308<span class=\"_ _458\"> </span></div></td><td class=\"c n xea2 y3784 w43 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws519\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xea3 y3784 w9d0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws519\">(101<span class=\"_ _1\"></span>)<span class=\"_ _458\"> </span></div></td><td class=\"c n xea4 y3784 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws519\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xea5 y3784 w9d1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws519\">(31)<span class=\"_ _458\"> </span></div></td><td class=\"c n xea6 y3784 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xea7 y3784 w9d2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">283<span class=\"_ _458\"> </span></div></td><td class=\"c n xea8 y3784 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xea9 y3784 w9d3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">(70)<span class=\"_ _458\"> </span></div></td><td class=\"c n xeaa y3784 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xeab y3784 w9d4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">(47)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3650 w9d5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws2ed\">Paddington Central<span class=\"_ _458\"> </span></div></td><td class=\"c n xeac y3650 w9d6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls35e ws51b\">102<span class=\"_ _458\"> </span></div></td><td class=\"c n xead y3650 w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls35e ws51b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xeae y3650 w9d7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls35e ws51b\">(11)<span class=\"_ _458\"> </span></div></td><td class=\"c n xeaf y3650 w98 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls35e ws51b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xeb0 y3650 w9d8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls35e ws51b\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n xeb1 y3650 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls35e ws51b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xeb2 y3650 w9d9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws51c\">106<span class=\"_ _458\"> </span></div></td><td class=\"c n xeb3 y3650 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws51c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xeb4 y3650 w9da h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws51c\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n xeb5 y3650 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws51c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xeb6 y3650 w9da h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws51c\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n x2fd y3650 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws51c\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y370a w9db h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">1 Triton Square<span class=\"_ _458\"> </span></div></td><td class=\"c n xeb7 y370a w9dc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws51d\">135<span class=\"_ _458\"> </span></div></td><td class=\"c n xeb8 y370a w9dd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws51d\">74<span class=\"_ _458\"> </span></div></td><td class=\"c n xeb9 y370a w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws51d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xeba y370a w9e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws51d\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n xebb y370a w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws51d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xebc y370a w9de h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws51d\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n xebd y370a w9df h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws51e\">116<span class=\"_ _458\"> </span></div></td><td class=\"c n xebe y370a w60f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws51e\">79<span class=\"_ _458\"> </span></div></td><td class=\"c n xebf y370a w5b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws51e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xec0 y370a w9e0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws51e\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n xec1 y370a wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws51e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xec2 y370a w9e1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws51e\">(2)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w9e2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws3c8\">SouthGate<span class=\"_ _458\"> </span></div></td><td class=\"c n xec3 y3652 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws51f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xec4 y3652 w6a3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws51f\">69<span class=\"_ _458\"> </span></div></td><td class=\"c n xec5 y3652 w43 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws51f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xec6 y3652 w9e3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws51f\">(38)<span class=\"_ _458\"> </span></div></td><td class=\"c n xec7 y3652 w43 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws51f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xec8 y3652 w18b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws51f\">12<span class=\"_ _458\"> </span></div></td><td class=\"c n xec9 y3652 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws520\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xeca y3652 w9e4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws520\">55<span class=\"_ _458\"> </span></div></td><td class=\"c n xecb y3652 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws520\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xecc y3652 w470 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws520\">(50)<span class=\"_ _458\"> </span></div></td><td class=\"c n xecd y3652 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws520\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x792 y3652 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws520\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w9e5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Hercules Unit Trust JV<span class=\"_ _458\"> </span></div></td><td class=\"c n xece y3653 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws521\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xecf y3653 w9e6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws521\">110<span class=\"_ _458\"> </span></div></td><td class=\"c n xed0 y3653 w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws521\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xed1 y3653 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws521\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xed2 y3653 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws521\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xed3 y3653 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws521\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xed4 y3653 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xed5 y3653 w889 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">102<span class=\"_ _458\"> </span></div></td><td class=\"c n xed6 y3653 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xed7 y3653 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xed8 y3653 w183 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xed9 y3653 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w9e7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Other joint ventures<span class=\"_ _458\"> </span></div></td><td class=\"c n xeda y375a w9e8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws522\">42<span class=\"_ _458\"> </span></div></td><td class=\"c n xedb y375a w817 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws522\">61<span class=\"_ _458\"> </span></div></td><td class=\"c n xedc y375a w9e9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws522\">(10)<span class=\"_ _458\"> </span></div></td><td class=\"c n xedd y375a w9ea h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws522\">(50)<span class=\"_ _458\"> </span></div></td><td class=\"c n xede y375a w9eb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws522\">(10)<span class=\"_ _458\"> </span></div></td><td class=\"c n xedf y375a w9ec h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws522\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n xee0 y375a wc0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls366 ws523\">50<span class=\"_ _458\"> </span></div></td><td class=\"c n xee1 y375a w6b7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls366 ws523\">50<span class=\"_ _458\"> </span></div></td><td class=\"c n xee2 y375a w22b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls366 ws523\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xee3 y375a w9ed h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls366 ws523\">(54)<span class=\"_ _458\"> </span></div></td><td class=\"c n xee4 y375a w22b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls366 ws523\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa52 y375a w22b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls366 ws523\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w26d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n xee5 y3655 w9ee h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws524\">1,128<span class=\"_ _458\"> </span></div></td><td class=\"c n xee6 y3655 w9ef h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws524\">1,334<span class=\"_ _458\"> </span></div></td><td class=\"c n xee7 y3655 w312 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws524\">(24)<span class=\"_ _458\"> </span></div></td><td class=\"c n xee8 y3655 w3a1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws524\">(255)<span class=\"_ _458\"> </span></div></td><td class=\"c n xee9 y3655 w688 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws524\">161<span class=\"_ _458\"> </span></div></td><td class=\"c n xeea y3655 w9f0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws524\">194<span class=\"_ _458\"> </span></div></td><td class=\"c n xeeb y3655 w9f1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws525\">1,067<span class=\"_ _458\"> </span></div></td><td class=\"c n xeec y3655 w9f2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws525\">1,362<span class=\"_ _458\"> </span></div></td><td class=\"c n xeed y3655 w9f3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws525\">(185)<span class=\"_ _458\"> </span></div></td><td class=\"c n xeee y3655 w9f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws525\">(449)<span class=\"_ _458\"> </span></div></td><td class=\"c n xeef y3655 w9f5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws525\">29<span class=\"_ _458\"> </span></div></td><td class=\"c n xef0 y3655 w52c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws525\">13<span class=\"_ _458\"> </span></div></td></tr></table></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls365 ws430 gs45e\">1. On 12 July 202<span class=\"_ _6\"></span>4 the Group completed <span class=\"_ _6\"></span>the disposal of its <span class=\"_ _d\"></span>50<span class=\"ls225 ws244\">% shareholding in the Meadowhall Shopping Centre joint venture. <span class=\"_ _6\"></span>Th<span class=\"ls229 ws55\">e net<span class=\"_ _458\"> </span></span></span><span class=\"ls225 ws244\"><span class=\"ls229 ws55\"> </span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22e ws24a gs45f\">closing investment and closing provision for <span class=\"_ _6\"></span><span class=\"ls359 ws3e6\">impairment as<span class=\"_ _6\"></span> at 31 March <span class=\"_ _6\"></span>2025 reflects <span class=\"_ _6\"></span><span class=\"ls227 wsbb\">the resulting nil Group sha<span class=\"_ _6\"></span>re of Meadowhal<span class=\"ls30c ws332\">l. The<span class=\"_ _458\"> </span></span></span></span><span class=\"ls359 ws3e6\"><span class=\"ls227 wsbb\"><span class=\"ls30c ws332\"> </span></span></span></div><div class=\"t m0 hbf ff43 fsaf fc18 sc0 ls22c ws263 gs460\">movement in provision for impairment <span class=\"ls30d ws333\">in <span class=\"_ _6\"></span>the year is due to the <span class=\"_ _6\"></span>disposal.</span><span class=\"ls30d ws333\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-517": {
   "value": "22 <span class=\"_ _2b\"> </span>Related party transactions<span class=\"_ _458\"> </span>Directors are the key management personnel and have the <span class=\"ls270 ws285\">authority and responsibility <span class=\"ls2a1 ws252\">for planning, directing and<span class=\"_ _458\"> </span></span></span>controlling the activities of the entity. Details of Director<span class=\"ls2a1 ws252\">s\u2019 remuneration are given in the Remuneration Report on<span class=\"_ _458\"> </span></span>pages 107 to 129. Details of transactions with The Britis<span class=\"ls2a1 ws252\">h Land Group of Companies Pension Scheme, and other smaller<span class=\"_ _458\"> </span></span>pension schemes, are given in Note 9. Details of trans<span class=\"_ _1\"></span>actions<span class=\"ls274 ws289\"> with joint ventures are given in Notes 3 and 11 and outlined<span class=\"_ _458\"> </span></span>below.<table class=\"s w9a7 h221\" id=\"_c9c3eff0-0a6a-4fd0-b2bc-a841ad735b6f\"><tr><td></td><td></td><td class=\"t m0 xae5 h19e y3a0e ff42 fs150 fc16 sc0 ls339 ws1\">Joint </td><td class=\"t m0 x1d4 h19e y3a0f ff43 fs150 fc18 sc0 ls263 ws1\">Joint </td></tr><tr><td></td><td></td><td class=\"t m0 xc2e h19e y3a10 ff42 fs150 fc16 sc0 ls1fe ws1\">ventures </td><td class=\"t m0 x3ed h19e y3a11 ff43 fs150 fc18 sc0 ls2ec ws1\">ventures </td></tr><tr><td></td><td></td><td class=\"t m0 xae5 h19e y3a12 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3a13 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td class=\"t m0 x20e h19f y3a14 ff42 fs151 fc18 sc0 ls20e ws216\">Summarised income statement </td><td class=\"t m0 x563 h19e y3a15 ff43 fs150 fc18 sc0 ls341 ws1\">Note<span class=\"_ _458\"> </span></td><td class=\"t m0 xa3a h19e y3a16 ff42 fs150 fc16 sc0 ls341 ws1\">\u00a3m<span class=\"sc1 ls1\"> </span></td><td class=\"t m0 x1db h19e y3a17 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3723 w9a8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Management and perfor<span class=\"_ _1\"></span>mance fees (from joint ventures and assets under management)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe57 y3723 w1af h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n xe58 y3723 w3f4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws1\">20<span class=\"_ _458\"> </span></div></td><td class=\"c n xe59 y3723 w596 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">17<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3799 w9a9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Share of distributions<span class=\"_ _458\"> </span></div></td><td class=\"c n xe5a y3799 wa6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n xe5b y3799 w2b1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23f ws1\">72<span class=\"_ _458\"> </span></div></td><td class=\"c n xe5c y3799 w12e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws1\">77<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3759 w9aa h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Capital return<span class=\"_ _458\"> </span></div></td><td class=\"c n xe5d y3759 wa6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n xe5e y3759 w127 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xe5f y3759 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3a18 ff42 fs151 fc18 sc0 ls216 ws50b\">Summarised balance sheet <span class=\"_ _18e\"> </span><span class=\"fc16 ls3db ws610\"> <span class=\"_ _442\"></span> </span><span class=\"fc16 ls3db ws610\"><span class=\"_ _442\"></span><span class=\"ff43 fc18 ls1\"> </span></span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3655 w9ab h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws1\">Loans<span class=\"_ _458\"> </span></div></td><td class=\"c n xe60 y3655 wa6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n xe61 y3655 w9ac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws1\">(1,152)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe62 y3655 w9ad h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">(1,252)<span class=\"_ _458\"> </span></div></td></tr></table>The Group\u2019s net closing investments in and loans to joint ve<span class=\"ls270 ws285\">ntures,<span class=\"_ _6\"></span> the associated closing <span class=\"ls24d ws25b\">provision for impairment and<span class=\"_ _458\"> </span></span></span>movement in provision for impairment in the year are outlin<span class=\"ls27d ws292\">ed below. The provision for im<span class=\"ls275 ws28a\">pairment of investme<span class=\"_ _6\"></span>nts in<span class=\"_ _458\"> </span></span></span>joint ventures is calculated in accordance with IAS 36, an<span class=\"ls24a ws258\">d provision for impairment of loans to joint ventures is<span class=\"_ _458\"> </span></span>calculated in accordance with <span class=\"ls28b ws259\">IFRS 9 a<span class=\"_ _6\"></span>s set ou<span class=\"ls21c ws234\">t in Note 1.<span class=\"_ _458\"> </span></span></span>Provision for impairment of in<span class=\"ls29e ws2af\">vestments in joint ventures</span><table class=\"s w9ae h222\" id=\"_51ce22bc-56c4-442b-a003-84299df76325\"><tr><td></td><td></td><td></td><td></td><td class=\"c n xe63 y3a19 w680 h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff42 fs150 fc16 sc0 ls1f4 ws50c\">2025<span class=\"_ _458\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n xe64 y3a19 w9af h1d5\"><div class=\"t m0 x1c8 h19e y3622 ff43 fs150 fc18 sc0 ls1f5 ws50d\">2024<span class=\"_ _458\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x71c h19e y3a1a ff42 fs150 fc16 sc0 ls2fc ws1\">Closing </td><td></td><td class=\"t m0 x5ae h19e y3a1b ff42 fs150 fc16 sc0 ls302 ws30f\">Movement in </td><td></td><td></td><td></td><td class=\"t m0 xe65 h19e y3a1c ff43 fs150 fc18 sc0 ls265 ws348\">Closing  </td><td></td><td class=\"t m0 xd5f h19e y3a1d ff43 fs150 fc18 sc0 ls2ef ws2ff\">Movement in </td></tr><tr><td></td><td></td><td class=\"t m0 xe66 h19e y3a1e ff42 fs150 fc16 sc0 ls2ec ws50e\">Net closing </td><td></td><td class=\"t m0 xe67 h19e y3a1f ff42 fs150 fc16 sc0 ls263 ws50f\"> provision for </td><td></td><td class=\"t m0 xa04 h19e y3a20 ff42 fs150 fc16 sc0 ls2e9 ws347\">provision for </td><td></td><td class=\"t m0 xe68 h19e y3a20 ff43 fs150 fc18 sc0 ls2ed ws2e7\">Net closing </td><td></td><td class=\"t m0 x567 h19e y3a21 ff43 fs150 fc18 sc0 ls339 ws510\">provision for </td><td></td><td class=\"t m0 xd5f h19e y3a22 ff43 fs150 fc18 sc0 ls339 ws510\">provision for </td></tr><tr><td></td><td></td><td class=\"t m0 xa37 h19e y3a23 ff42 fs150 fc16 sc0 ls1f6 ws1\">investment </td><td></td><td class=\"t m0 x333 h19e y3a24 ff42 fs150 fc16 sc0 ls1f9 ws1\">impairment </td><td></td><td class=\"t m0 x1cf h19e y3a25 ff42 fs150 fc16 sc0 ls1f9 ws1\">impairment  <span class=\"ff43 fc18 ls1\"> </span></td><td></td><td class=\"t m0 x53e h19e y3a25 ff43 fs150 fc18 sc0 ls258 ws1\">investment </td><td></td><td class=\"t m0 xdd1 h19e y3a26 ff43 fs150 fc18 sc0 ls2ef ws1\">impairment </td><td></td><td class=\"t m0 xe69 h19e y3a27 ff43 fs150 fc18 sc0 ls2ef ws1\">impairment </td></tr><tr><td></td><td class=\"t m0 xe6a h19e y3a28 ff42 fs150 fc16 sc0 ls393 ws1\">Loan </td><td class=\"t m0 xe6b h19e y3a28 ff42 fs150 fc16 sc0 ls2fb ws1\">Equity </td><td class=\"t m0 xdd3 h19e y3a28 ff42 fs150 fc16 sc0 ls393 ws1\">Loan </td><td class=\"t m0 x324 h19e y3a28 ff42 fs150 fc16 sc0 ls2fb ws1\">Equity </td><td class=\"t m0 x44e h19e y3a28 ff42 fs150 fc16 sc0 ls393 ws1\">Loan </td><td class=\"t m0 x320 h19e y3a28 ff42 fs150 fc16 sc0 ls2fb ws1\">Equity </td><td class=\"t m0 x51a h19e y3a28 ff43 fs150 fc18 sc0 ls304 ws1\">Loan </td><td class=\"t m0 x6e2 h19e y3a28 ff43 fs150 fc18 sc0 ls1fc ws1\">Equity </td><td class=\"t m0 x563 h19e y3a28 ff43 fs150 fc18 sc0 ls304 ws1\">Loan </td><td class=\"t m0 xad4 h19e y3a28 ff43 fs150 fc18 sc0 ls1fc ws1\">Equity </td><td class=\"t m0 xacf h19e y3a28 ff43 fs150 fc18 sc0 ls304 ws1\">Loan </td><td class=\"t m0 x331 h19e y3a28 ff43 fs150 fc18 sc0 ls1fc ws1\">Equity </td></tr><tr><td></td><td class=\"t m0 xc2d h19e y3a29 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 xe6c h19e y3a29 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x68c h19e y3a29 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x450 h19e y3a29 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 x606 h19e y3a29 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m </td><td class=\"t m0 xe6d h19e y3a29 ff42 fs150 fc16 sc0 ls1fa ws1\">\u00a3m  <span class=\"ff43 fc18 ls1\"> </span></td><td class=\"t m0 xe6e h19e y3a29 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x690 h19e y3a29 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x567 h19e y3a29 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 xcb0 h19e y3a29 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 xd5f h19e y3a29 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td><td class=\"t m0 x1db h19e y3a29 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3a2a w9b0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws277\">Broadgate<span class=\"_ _458\"> </span></div></td><td class=\"c n xe6f y3a2a w9b1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws511\">835<span class=\"_ _458\"> </span></div></td><td class=\"c n xe70 y3a2a w9b2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws511\">634<span class=\"_ _458\"> </span></div></td><td class=\"c n xe71 y3a2a w170 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws511\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe72 y3a2a w1fa h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws511\">(12)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe73 y3a2a w170 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws511\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe74 y3a2a w9b3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws511\">20<span class=\"_ _458\"> </span></div></td><td class=\"c n xe75 y3a2a w9b4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws512\">634<span class=\"_ _458\"> </span></div></td><td class=\"c n xe76 y3a2a w9b5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws512\">708<span class=\"_ _458\"> </span></div></td><td class=\"c n xe77 y3a2a w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws512\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe78 y3a2a w9b6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws512\">(32)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe79 y3a2a w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws512\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe7a y3a2a w9b7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws512\">97<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c x1dc y384d w9b8 h1d9\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls214 ws1\">Meadowhall</div><div class=\"t m0 xe7b h1a0 y362f ff43 fs152 fc18 sc0 ls1 ws1\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xe7c y384d w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws513\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe7d y384d w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws513\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe7e y384d w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws513\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe7f y384d w98 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws513\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe80 y384d w9b9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws513\">174<span class=\"_ _458\"> </span></div></td><td class=\"c n xe81 y384d w9ba h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws513\">199<span class=\"_ _458\"> </span></div></td><td class=\"c n xe82 y384d w9bb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws514\">145<span class=\"_ _458\"> </span></div></td><td class=\"c n xe83 y384d wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws514\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe84 y384d w9bc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws514\">(174)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe85 y384d w9bd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws514\">(199)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe86 y384d w9be h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws514\">18<span class=\"_ _458\"> </span></div></td><td class=\"c n xe87 y384d w247 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws514\">(6)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y384e w9bf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws481\">WOSC<span class=\"_ _458\"> </span></div></td><td class=\"c n xe88 y384e w9c0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws515\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n xe89 y384e w9c1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws515\">17<span class=\"_ _458\"> </span></div></td><td class=\"c n xe8a y384e w688 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws515\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe8b y384e w9c2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws515\">(21)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe8c y384e w43 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws515\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe8d y384e w2a1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls204 ws515\">1<span class=\"_ _458\"> </span></div></td><td class=\"c n xe8e y384e w9c3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws516\">12<span class=\"_ _458\"> </span></div></td><td class=\"c n xe8f y384e w5c8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws516\">16<span class=\"_ _458\"> </span></div></td><td class=\"c n xe90 y384e w9c4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws516\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe91 y384e w9c5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws516\">(22)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe92 y384e w9c6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws516\">19<span class=\"_ _458\"> </span></div></td><td class=\"c n xe93 y384e w9c7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls215 ws516\">(22)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y399c w9c8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws387\">BL West End<span class=\"_ _458\"> </span></div></td><td class=\"c n xe94 y399c w9c9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws517\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n xe95 y399c w34c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws517\">61<span class=\"_ _458\"> </span></div></td><td class=\"c n xe96 y399c w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws517\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe97 y399c w9ca h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws517\">(30)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe98 y399c w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws517\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe99 y399c w9cb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws517\">(10)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe9a y399c w9cc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws518\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n xe9b y399c w9cd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws518\">69<span class=\"_ _458\"> </span></div></td><td class=\"c n xe9c y399c w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws518\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe9d y399c w27b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws518\">(20)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe9e y399c w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws518\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xe9f y399c w1a2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws518\">(7)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3784 w9ce h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Canada Water<span class=\"_ _458\"> </span></div></td><td class=\"c n xea0 y3784 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws519\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xea1 y3784 w9cf h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws519\">308<span class=\"_ _458\"> </span></div></td><td class=\"c n xea2 y3784 w43 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws519\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xea3 y3784 w9d0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws519\">(101<span class=\"_ _1\"></span>)<span class=\"_ _458\"> </span></div></td><td class=\"c n xea4 y3784 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws519\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xea5 y3784 w9d1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls214 ws519\">(31)<span class=\"_ _458\"> </span></div></td><td class=\"c n xea6 y3784 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xea7 y3784 w9d2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">283<span class=\"_ _458\"> </span></div></td><td class=\"c n xea8 y3784 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xea9 y3784 w9d3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">(70)<span class=\"_ _458\"> </span></div></td><td class=\"c n xeaa y3784 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xeab y3784 w9d4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">(47)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3650 w9d5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws2ed\">Paddington Central<span class=\"_ _458\"> </span></div></td><td class=\"c n xeac y3650 w9d6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls35e ws51b\">102<span class=\"_ _458\"> </span></div></td><td class=\"c n xead y3650 w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls35e ws51b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xeae y3650 w9d7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls35e ws51b\">(11)<span class=\"_ _458\"> </span></div></td><td class=\"c n xeaf y3650 w98 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls35e ws51b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xeb0 y3650 w9d8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls35e ws51b\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n xeb1 y3650 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls35e ws51b\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xeb2 y3650 w9d9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws51c\">106<span class=\"_ _458\"> </span></div></td><td class=\"c n xeb3 y3650 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws51c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xeb4 y3650 w9da h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws51c\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n xeb5 y3650 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws51c\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xeb6 y3650 w9da h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws51c\">(8)<span class=\"_ _458\"> </span></div></td><td class=\"c n x2fd y3650 w35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws51c\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y370a w9db h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">1 Triton Square<span class=\"_ _458\"> </span></div></td><td class=\"c n xeb7 y370a w9dc h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws51d\">135<span class=\"_ _458\"> </span></div></td><td class=\"c n xeb8 y370a w9dd h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws51d\">74<span class=\"_ _458\"> </span></div></td><td class=\"c n xeb9 y370a w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws51d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xeba y370a w9e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws51d\">(3)<span class=\"_ _458\"> </span></div></td><td class=\"c n xebb y370a w178 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws51d\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xebc y370a w9de h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls242 ws51d\">(1)<span class=\"_ _458\"> </span></div></td><td class=\"c n xebd y370a w9df h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws51e\">116<span class=\"_ _458\"> </span></div></td><td class=\"c n xebe y370a w60f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws51e\">79<span class=\"_ _458\"> </span></div></td><td class=\"c n xebf y370a w5b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws51e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xec0 y370a w9e0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws51e\">(2)<span class=\"_ _458\"> </span></div></td><td class=\"c n xec1 y370a wa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws51e\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xec2 y370a w9e1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws51e\">(2)<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3652 w9e2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws3c8\">SouthGate<span class=\"_ _458\"> </span></div></td><td class=\"c n xec3 y3652 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws51f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xec4 y3652 w6a3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws51f\">69<span class=\"_ _458\"> </span></div></td><td class=\"c n xec5 y3652 w43 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws51f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xec6 y3652 w9e3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws51f\">(38)<span class=\"_ _458\"> </span></div></td><td class=\"c n xec7 y3652 w43 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws51f\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xec8 y3652 w18b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls222 ws51f\">12<span class=\"_ _458\"> </span></div></td><td class=\"c n xec9 y3652 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws520\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xeca y3652 w9e4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws520\">55<span class=\"_ _458\"> </span></div></td><td class=\"c n xecb y3652 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws520\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xecc y3652 w470 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws520\">(50)<span class=\"_ _458\"> </span></div></td><td class=\"c n xecd y3652 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws520\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n x792 y3652 wac h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls243 ws520\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3653 w9e5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Hercules Unit Trust JV<span class=\"_ _458\"> </span></div></td><td class=\"c n xece y3653 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws521\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xecf y3653 w9e6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws521\">110<span class=\"_ _458\"> </span></div></td><td class=\"c n xed0 y3653 w17e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws521\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xed1 y3653 w80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws521\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xed2 y3653 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws521\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xed3 y3653 w7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls358 ws521\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xed4 y3653 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xed5 y3653 w889 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">102<span class=\"_ _458\"> </span></div></td><td class=\"c n xed6 y3653 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xed7 y3653 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xed8 y3653 w183 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xed9 y3653 w94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws51a\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y375a w9e7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">Other joint ventures<span class=\"_ _458\"> </span></div></td><td class=\"c n xeda y375a w9e8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws522\">42<span class=\"_ _458\"> </span></div></td><td class=\"c n xedb y375a w817 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws522\">61<span class=\"_ _458\"> </span></div></td><td class=\"c n xedc y375a w9e9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws522\">(10)<span class=\"_ _458\"> </span></div></td><td class=\"c n xedd y375a w9ea h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws522\">(50)<span class=\"_ _458\"> </span></div></td><td class=\"c n xede y375a w9eb h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws522\">(10)<span class=\"_ _458\"> </span></div></td><td class=\"c n xedf y375a w9ec h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls1 ws522\">4<span class=\"_ _458\"> </span></div></td><td class=\"c n xee0 y375a wc0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls366 ws523\">50<span class=\"_ _458\"> </span></div></td><td class=\"c n xee1 y375a w6b7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls366 ws523\">50<span class=\"_ _458\"> </span></div></td><td class=\"c n xee2 y375a w22b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls366 ws523\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xee3 y375a w9ed h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls366 ws523\">(54)<span class=\"_ _458\"> </span></div></td><td class=\"c n xee4 y375a w22b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls366 ws523\">\u2013<span class=\"_ _458\"> </span></div></td><td class=\"c n xa52 y375a w22b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls366 ws523\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 w26d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc18 sc0 ls204 ws1\">Total<span class=\"_ _458\"> </span></div></td><td class=\"c n xee5 y3655 w9ee h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws524\">1,128<span class=\"_ _458\"> </span></div></td><td class=\"c n xee6 y3655 w9ef h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws524\">1,334<span class=\"_ _458\"> </span></div></td><td class=\"c n xee7 y3655 w312 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws524\">(24)<span class=\"_ _458\"> </span></div></td><td class=\"c n xee8 y3655 w3a1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws524\">(255)<span class=\"_ _458\"> </span></div></td><td class=\"c n xee9 y3655 w688 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws524\">161<span class=\"_ _458\"> </span></div></td><td class=\"c n xeea y3655 w9f0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21a ws524\">194<span class=\"_ _458\"> </span></div></td><td class=\"c n xeeb y3655 w9f1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws525\">1,067<span class=\"_ _458\"> </span></div></td><td class=\"c n xeec y3655 w9f2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws525\">1,362<span class=\"_ _458\"> </span></div></td><td class=\"c n xeed y3655 w9f3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws525\">(185)<span class=\"_ _458\"> </span></div></td><td class=\"c n xeee y3655 w9f4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws525\">(449)<span class=\"_ _458\"> </span></div></td><td class=\"c n xeef y3655 w9f5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws525\">29<span class=\"_ _458\"> </span></div></td><td class=\"c n xef0 y3655 w52c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws525\">13<span class=\"_ _458\"> </span></div></td></tr></table>1. On 12 July 202<span class=\"_ _6\"></span>4 the Group completed <span class=\"_ _6\"></span>the disposal of its <span class=\"_ _d\"></span>50<span class=\"ls225 ws244\">% shareholding in the Meadowhall Shopping Centre joint venture. <span class=\"_ _6\"></span>Th<span class=\"ls229 ws55\">e net<span class=\"_ _458\"> </span></span></span>closing investment and closing provision for <span class=\"_ _6\"></span><span class=\"ls359 ws3e6\">impairment as<span class=\"_ _6\"></span> at 31 March <span class=\"_ _6\"></span>2025 reflects <span class=\"_ _6\"></span><span class=\"ls227 wsbb\">the resulting nil Group sha<span class=\"_ _6\"></span>re of Meadowhal<span class=\"ls30c ws332\">l. The<span class=\"_ _458\"> </span></span></span></span>movement in provision for impairment <span class=\"ls30d ws333\">in <span class=\"_ _6\"></span>the year is due to the <span class=\"_ _6\"></span>disposal.</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-548": {
   "value": "Directors are the key management personnel and have the <span class=\"ls270 ws285\">authority and responsibility <span class=\"ls2a1 ws252\">for planning, directing and<span class=\"_ _458\"> </span></span></span><span class=\"ls270 ws285\"><span class=\"ls2a1 ws252\"> </span></span>controlling the activities of the entity. Details of Director<span class=\"ls2a1 ws252\">s\u2019 remuneration are given in the Remuneration Report on<span class=\"_ _458\"> </span></span><span class=\"ls2a1 ws252\"> </span>pages 107 to 129. Details of transactions with The Britis<span class=\"ls2a1 ws252\">h Land Group of Companies Pension Scheme, and other smaller<span class=\"_ _458\"> </span></span><span class=\"ls2a1 ws252\"> </span>pension schemes, are given in Note 9. Details of trans<span class=\"_ _1\"></span>actions<span class=\"ls274 ws289\"> with joint ventures are given in Notes 3 and 11 and outlined<span class=\"_ _458\"> </span></span><span class=\"ls274 ws289\"> </span>below. <table class=\"s w9a7 h221\" id=\"_c9c3eff0-0a6a-4fd0-b2bc-a841ad735b6f\"><tr><td></td><td></td><td class=\"t m0 xae5 h19e y3a0e ff42 fs150 fc16 sc0 ls339 ws1\">Joint </td><td class=\"t m0 x1d4 h19e y3a0f ff43 fs150 fc18 sc0 ls263 ws1\">Joint </td></tr><tr><td></td><td></td><td class=\"t m0 xc2e h19e y3a10 ff42 fs150 fc16 sc0 ls1fe ws1\">ventures </td><td class=\"t m0 x3ed h19e y3a11 ff43 fs150 fc18 sc0 ls2ec ws1\">ventures </td></tr><tr><td></td><td></td><td class=\"t m0 xae5 h19e y3a12 ff42 fs150 fc16 sc0 ls1f4 ws1\">2025 </td><td class=\"t m0 x274 h19e y3a13 ff43 fs150 fc18 sc0 ls234 ws1\">2024 </td></tr><tr><td class=\"t m0 x20e h19f y3a14 ff42 fs151 fc18 sc0 ls20e ws216\">Summarised income statement </td><td class=\"t m0 x563 h19e y3a15 ff43 fs150 fc18 sc0 ls341 ws1\">Note<span class=\"_ _458\"> </span></td><td class=\"t m0 xa3a h19e y3a16 ff42 fs150 fc16 sc0 ls341 ws1\">\u00a3m<span class=\"sc1 ls1\"> </span></td><td class=\"t m0 x1db h19e y3a17 ff43 fs150 fc18 sc0 ls25b ws1\">\u00a3m </td></tr><tr><td class=\"c n x1dc y3723 w9a8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">Management and perfor<span class=\"_ _1\"></span>mance fees (from joint ventures and assets under management)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe57 y3723 w1af h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">3<span class=\"_ _458\"> </span></div></td><td class=\"c n xe58 y3723 w3f4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20b ws1\">20<span class=\"_ _458\"> </span></div></td><td class=\"c n xe59 y3723 w596 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws1\">17<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3799 w9a9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Share of distributions<span class=\"_ _458\"> </span></div></td><td class=\"c n xe5a y3799 wa6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n xe5b y3799 w2b1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls23f ws1\">72<span class=\"_ _458\"> </span></div></td><td class=\"c n xe5c y3799 w12e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls240 ws1\">77<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3759 w9aa h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Capital return<span class=\"_ _458\"> </span></div></td><td class=\"c n xe5d y3759 wa6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n xe5e y3759 w127 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls21f ws1\">2<span class=\"_ _458\"> </span></div></td><td class=\"c n xe5f y3759 w7f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls218 ws1\">\u2013<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3a18 ff42 fs151 fc18 sc0 ls216 ws50b\">Summarised balance sheet <span class=\"_ _18e\"> </span><span class=\"fc16 ls3db ws610\"> <span class=\"_ _442\"></span> </span><span class=\"fc16 ls3db ws610\"><span class=\"_ _442\"></span><span class=\"ff43 fc18 ls1\"> </span></span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1dc y3655 w9ab h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls211 ws1\">Loans<span class=\"_ _458\"> </span></div></td><td class=\"c n xe60 y3655 wa6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls208 ws1\">11<span class=\"_ _458\"> </span></div></td><td class=\"c n xe61 y3655 w9ac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff42 fs151 fc16 sc0 ls20c ws1\">(1,152)<span class=\"_ _458\"> </span></div></td><td class=\"c n xe62 y3655 w9ad h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23c ws1\">(1,252)<span class=\"_ _458\"> </span></div></td></tr></table>The Group\u2019s net closing investments in and loans to joint ve<span class=\"ls270 ws285\">ntures,<span class=\"_ _6\"></span> the associated closing <span class=\"ls24d ws25b\">provision for impairment and<span class=\"_ _458\"> </span></span></span><span class=\"ls270 ws285\"><span class=\"ls24d ws25b\"> </span></span>movement in provision for impairment in the year are outlin<span class=\"ls27d ws292\">ed below. The provision for im<span class=\"ls275 ws28a\">pairment of investme<span class=\"_ _6\"></span>nts in<span class=\"_ _458\"> </span></span></span><span class=\"ls27d ws292\"><span class=\"ls275 ws28a\"> </span></span>joint ventures is calculated in accordance with IAS 36, an<span class=\"ls24a ws258\">d provision for impairment of loans to joint ventures is<span class=\"_ _458\"> </span></span><span class=\"ls24a ws258\"> </span>calculated in accordance with <span class=\"ls28b ws259\">IFRS 9 a<span class=\"_ _6\"></span>s set ou<span class=\"ls21c ws234\">t in Note 1.<span class=\"_ _458\"> </span></span></span><span class=\"ls28b ws259\"><span class=\"ls21c ws234\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-538": {
   "value": "23 Contingent <span class=\"_ _27\"></span>li<span class=\"_ _1\"></span>abilities Group and joint ventures The Group and joint ventures have contingent liabilities in re<span class=\"ls26f ws284\">spect of legal claims, guarantees and warranties arising in </span>the ordinary course of business. It is not anticipated that an<span class=\"ls272 ws287\">y mate<span class=\"_ _6\"></span>rial liabilities will arise from these contingent liabiliti<span class=\"ls351 ws1\">es.</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-516": {
   "value": "24 Subsequent <span class=\"_ _30\"></span>events There have been no significant subseque<span class=\"ls27e ws293\">nt events post t<span class=\"_ _6\"></span>he balance sheet date.<span class=\"_ _6\"></span><span class=\"ff44 fs153 fc4 ls1 ws1\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-540": {
   "value": "25 <span class=\"_ _2b\"> </span>Audit exemptions taken for subsidiaries The following subsidiaries are exempt from the requirem<span class=\"ls299 ws2a3\">ents of the <span class=\"_ _6\"></span>Companies Act 2006 relating to the audit </span>of individual accounts by virtue <span class=\"ls1 ws29d\">of Section<span class=\"_ _6\"></span> 479A of that Act. </span><table class=\"s w9f6 h223\" id=\"_a018aace-ee88-45ef-b28e-02e3870e5d48\"><tr><td></td><td class=\"t m0 x333 h19e y3a2b ff43 fs150 fc18 sc0 ls332 ws1\">Company </td></tr><tr><td class=\"t m0 x20e h19e y3a2c ff43 fs150 fc18 sc0 ls2ef ws2ea\">Entity Name </td><td class=\"t m0 x333 h19e y3a2d ff43 fs150 fc18 sc0 ls25e ws1\">Number </td></tr><tr><td class=\"c n x1dc y3a2e w9f7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">17-19 Bedford Street Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef1 y3a2e w9f8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">07398971<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a2f w9f9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">18-20 Craven Hill Gardens Limi<span class=\"_ _1\"></span>ted<span class=\"_ _458\"> </span></div></td><td class=\"c n xef2 y3a2f w9fa h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">07667839<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a30 w9fb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">20 Brock Street Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef3 y3a30 w9fc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">07401697<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a31 w9fd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Aldgate Place (GP) Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef4 y3a31 w9fe h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">07829315<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a32 w9ff h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws481\">Ashband Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef5 y3a32 wa00 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls35e ws481\">04409592<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a33 wa01 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws467\">B.L.Holdings Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef6 y3a33 wa02 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws467\">00000529<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a34 wa03 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Bayeast Property Co Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef7 y3a34 wa04 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">00635800<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a35 wa05 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">BF Propco (No.3) Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef8 y3a35 wa06 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">05270196<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a36 wa07 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">BF Propco (No.5) Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef9 y3a36 wa08 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">05270219<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a37 wa09 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws526\">BL 5KS Holdings Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xefa y3a37 wa0a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws526\">13398992<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a38 wa0b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">BL Aldgate Development Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xefb y3a38 wa0c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">05070564<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a39 wa0d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">BL Aldgate Holdings Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef3 y3a39 wa0e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">05876405<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a3a wa0f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">BL Aldgate Investment Holdin<span class=\"_ _1\"></span>gs Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xefc y3a3a wa10 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">15314977<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a3b wa11 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">BL Bluebutton 2014 Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xefd y3a3b wa12 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">09048771<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a3c wa13 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">BL Bluebutton 2023 Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xefa y3a3c wa14 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">15306841<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a3d wa15 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">BL Bradford Forster Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xefe y3a3d wa16 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">07780266<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a3e wa17 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">BL Broadway Investme<span class=\"ls1 ws2ed\">nt Limited<span class=\"_ _458\"> </span></span></div></td><td class=\"c n xeff y3a3e wa18 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws2ed\">10754763<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a3f wa19 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23a ws527\">BL Chess Limite<span class=\"_ _1\"></span>d<span class=\"_ _458\"> </span></div></td><td class=\"c n xf00 y3a3f wa1a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23a ws527\">08548399<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a40 wa1b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">BL City Offices Holding Company Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef6 y3a40 wa1c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">06002147<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a41 wa1d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">BL CW Residential Holdings <span class=\"_ _1\"></span>Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf01 y3a41 wa1e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">14178788<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a42 wa1f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls222 ws399\">BL CW Upper LP Comp<span class=\"_ _1\"></span>any Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf02 y3a42 wa20 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls222 ws399\">10375411<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3a43 ff43 fs151 fc18 sc0 ls205 ws20b\">BL Department Stores Holding Company Limited <span class=\"_ _d\"></span>06002135 </td><td></td></tr><tr><td class=\"c n x1dc y3a44 wa21 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">BL Doncaster Wheatley Limite<span class=\"_ _1\"></span>d<span class=\"_ _458\"> </span></div></td><td class=\"c n xf03 y3a44 wa22 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">07780272<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a45 wa23 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">BL Drummond Properties Limi<span class=\"_ _1\"></span>ted<span class=\"_ _458\"> </span></div></td><td class=\"c n xf04 y3a45 wa24 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws20f\">09806622<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a46 wa25 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">BL Eden Walk Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf05 y3a46 wa26 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">10620935<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a47 wa27 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">BL Euston Tower Holding Company Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf06 y3a47 wa28 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">11612398<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a48 w81b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">BL Finsbury Square Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xefa y3a48 wa29 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">13797223<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a49 wa2a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws373\">BL Goodman (LP) Li<span class=\"_ _1\"></span>mited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf07 y3a49 wa2b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls204 ws373\">05056902<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a4a wa2c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">BL HB Investments Li<span class=\"_ _1\"></span>mited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf08 y3a4a wa2d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">1046150<span class=\"_ _1\"></span>0<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a4b wa2e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">BL HC PH LLP<span class=\"_ _458\"> </span></div></td><td class=\"c n xf09 y3a4b wa2f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">OC317199<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3a4c ff43 fs151 fc18 sc0 ls1 ws222\">BL High Street And Shopping Centres Hol<span class=\"_ _1\"></span>ding </td><td></td></tr><tr><td class=\"c n x1dc y3a4d wa30 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Company Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf00 y3a4d wa31 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">06002148<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a4e wa32 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">BL Innovation Properti<span class=\"ls212 ws238\">es 2 Limited<span class=\"_ _458\"> </span></span></div></td><td class=\"c n xf0a y3a4e wa33 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">05070554<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a4f wa34 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">BL Innovation Properties Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf07 y3a4f wa35 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">12293278<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a50 wa36 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22d\">BL Intermediate Holding Company 2 Li<span class=\"_ _1\"></span>mited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf0b y3a50 wa37 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22d\">12462158<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"t m0 x20e h19f y3a51 ff43 fs151 fc18 sc0 ls21b ws22d\">BL Leisure And Industrial Holding </td><td></td></tr><tr><td class=\"c n x1dc y3a52 wa38 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws340\">Company Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf0c y3a52 wa39 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls252 ws340\">05995024<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a53 wa3a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">BL Newport Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf0d y3a53 wa3b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws1\">04967720<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a54 wa3c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">BL Office (Non-City) Holding Company L<span class=\"_ _1\"></span>imited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf0e y3a54 wa3d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">06002133<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a55 wa3e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23a ws527\">BL Office Holding Co<span class=\"_ _1\"></span>mpany Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf0f y3a55 wa3f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23a ws527\">0599<span class=\"_ _1\"></span>5028<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y378f wa40 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">BL Office Properties 1 Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef5 y378f wa41 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">13514407<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a56 wa42 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">BL Office Properties 3 Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf09 y3a56 w46d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws25c\">14103029<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a57 wa43 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">BL Osnaburgh St Residential <span class=\"_ _1\"></span>Ltd<span class=\"_ _458\"> </span></div></td><td class=\"c n xefd y3a57 wa44 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">06874523<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3792 wa45 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">BL Piccadilly Residential Li<span class=\"_ _1\"></span>mited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf10 y3792 wa46 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">0870<span class=\"_ _1\"></span>7494<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a58 wa47 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws528\">BL Residual Holding Company Limite<span class=\"_ _1\"></span>d<span class=\"_ _458\"> </span></div></td><td class=\"c n xef7 y3a58 wa48 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws528\">05995030<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3660 wa49 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">BL Retail Holding Company Li<span class=\"_ _1\"></span>mited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf11 y3660 wa4a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">05995033<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 wa4b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">BL Retail Indirect Investments Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf0c y3655 wa4c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">12288466<span class=\"_ _458\"> </span></div></td></tr></table><table class=\"s wa4d h224\" id=\"_480b2118-be7e-4a8c-9229-f32d5a029ecf\"><tr><td></td><td class=\"t m0 xf13 h19e y3a59 ff43 fs150 fc18 sc0 ls332 ws1\">Company </td></tr><tr><td class=\"t m0 xf14 h19e y3a5a ff43 fs150 fc18 sc0 ls2ef ws2ea\">Entity Name </td><td class=\"t m0 xf13 h19e y3a5b ff43 fs150 fc18 sc0 ls25e ws1\">Number </td></tr><tr><td class=\"c n x1dc y3a5c wa4e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">BL Retail Investment Holdings Limite<span class=\"_ _1\"></span>d<span class=\"_ _458\"> </span></div></td><td class=\"c n xf15 y3a5c wa4f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">11612693<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a5d wa50 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">BL Retail Properties 3 Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf16 y3a5d wa51 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">04869976<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a5e wa52 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">BL Retail Properties Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf17 y3a5e wa53 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">13215893<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a5f wa54 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls394 ws253\">BL Retail Warehou<span class=\"_ _1\"></span>sing Holding Company Li<span class=\"_ _1\"></span>mited<span class=\"_ _458\"> </span></div></td><td class=\"c n xefb y3a5f wa55 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls394 ws253\">06<span class=\"_ _1\"></span>0021<span class=\"_ _1\"></span>54<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a60 wa56 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws33c\">BL Shoreditch Development Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef5 y3a60 wa57 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls202 ws33c\">05326670<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a61 wa58 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">BL Shoreditch No. 2 Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf16 y3a61 wa59 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">08570558<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a62 wa5a h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">BL South Camb Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf18 y3a62 wa5b h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">07555233<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3666 wa5c h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">BL Thanet Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf19 y3666 wa5d h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">13843760<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a63 wa5e h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws22a\">BL Triton Building Residential Limite<span class=\"_ _1\"></span>d<span class=\"_ _458\"> </span></div></td><td class=\"c n xf1a y3a63 wa5f h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws22a\">07508029<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a64 wa60 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws529\">BL Tunbridge Wells Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf1b y3a64 wa61 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23b ws529\">11184483<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a65 wa62 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">BL West End Investments Li<span class=\"_ _1\"></span>mited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf1c y3a65 wa63 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">07793483<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a66 wa64 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">BL Whiteley Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf1d y3a66 wa65 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls213 ws25c\">11253224<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a67 wa66 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">BL Whiteley Retail Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xefc y3a67 w8a2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">11254281<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a68 wa67 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">BL Woolwich Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf1e y3a68 wa68 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">11079254<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a69 wa69 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">BLD Property Holdings Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf1f y3a69 wa6a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">00823907<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a6a wa6b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws526\">BLMH 1 Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf20 y3a6a wa6c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls244 ws526\">02261117<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a6b wa6d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">BLMH Centre Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf21 y3a6b wa6e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">03918066<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a6c wa6f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">BLSSP (PHC 5) Limite<span class=\"_ _1\"></span>d<span class=\"_ _458\"> </span></div></td><td class=\"c n xf18 y3a6c wa70 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">04104061<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a6d wa71 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">BLU Securities Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf22 y3a6d wa72 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">03323061<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a6e wa73 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">British Land (Joint Ventures) Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf23 y3a6e wa74 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">04682740<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a6f wa75 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls222 ws399\">British Land Acquisition<span class=\"_ _1\"></span>s Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf1e y3a6f wa76 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls222 ws399\">05464168<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a70 wa77 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">British Land Fund Manage<span class=\"_ _1\"></span>ment Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf24 y3a70 wa78 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">04450<span class=\"_ _1\"></span>726<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a71 wa79 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">British Land In Town Retail Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf23 y3a71 wa7a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">03325066<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a72 wa7b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">British Land Industrial Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf25 y3a72 wa7c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">00643370<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a73 wa7d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">British Land Offices (Non-City) Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf26 y3a73 wa7e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">02740378<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y363c wa7f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22d\">British Land Offices (Non-City) No.2 Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf27 y363c wa80 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22d\">06849369<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a74 wa81 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">British Land Property Advisers Li<span class=\"_ _1\"></span>mited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf28 y3a74 wa82 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">02793828<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a75 wa83 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">Broadgate Adjoining Properties Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf29 y3a75 wa84 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20d ws216\">07580963<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a76 wa85 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws447\">Cavendish Geared Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf0c y3a76 wa86 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws447\">02779045<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a77 wa87 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls395 ws277\">Clarges Estat<span class=\"_ _1\"></span>e Property Management Co Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf2a y3a77 wa08 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls395 ws277\">084<span class=\"_ _1\"></span>188<span class=\"_ _1\"></span>75<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a78 wa88 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Drake Circus Centre Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf2b y3a78 wa89 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">09069182<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a79 wa8a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">Drake Circus Leisure Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf02 y3a79 wa8b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws240\">09190208<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a7a wa8c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Elk Mill Oldham Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf16 y3a7a wa8d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">10461879<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a7b wa8e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws216\">Hempel Holdings Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf2c y3a7b wa8f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws216\">05341380<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a7c wa90 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">Hempel Hotels Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf01 y3a7c wa91 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21f ws237\">02728455<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a7d wa92 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws3c8\">Industrial Real Estate Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf2d y3a7d wa93 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls209 ws3c8\">00503636<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a7e wa94 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">Lonebridge UK Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf2e y3a7e wa95 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls1 ws222\">03292034<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a53 wa96 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">Longford Street Residential Li<span class=\"_ _1\"></span>mited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf2f y3a53 wa97 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20c ws215\">087001<span class=\"_ _1\"></span>58<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3a7f wa98 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">Mayflower Retail Park Basildon Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xef9 y3a7f wa99 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">07566738<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y378e wa9a h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">Nugent Shopping Park Limite<span class=\"_ _1\"></span>d<span class=\"_ _458\"> </span></div></td><td class=\"c n xf11 y378e wa9b h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls242 ws25f\">06153558<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y378f wa9c h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">Orbital Shopping Park Swindon Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf28 y378f wa9d h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">05489767<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3790 wa9e h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3dc\">Osnaburgh Street Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf02 y3790 wa9f h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21a ws3dc\">05886735<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3791 waa0 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Paddington 3KS Investments <span class=\"_ _1\"></span>Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf30 y3791 waa1 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">13843646<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3792 waa2 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Paddington 5KS GP Limite<span class=\"_ _1\"></span>d<span class=\"_ _458\"> </span></div></td><td class=\"c n xf31 y3792 waa3 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">13843749<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3789 waa4 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws52a\">Paddington 5KS Holdings Lim<span class=\"_ _1\"></span>ited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf01 y3789 waa5 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls23e ws52a\">13843365<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y368f waa6 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws255\">Paddington Box Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf32 y368f waa7 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20a ws255\">14782912<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 waa8 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Pillar Denton Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf33 y3655 waa9 h1d4\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">02982293<span class=\"_ _458\"> </span></div></td></tr></table><table class=\"s waaa h225\" id=\"_d6aa460a-2fe2-4da2-8b8f-9e62d114bd23\"><tr><td></td><td class=\"t m0 x333 h19e y3a80 ff43 fs150 fc18 sc0 ls332 ws1\">Company </td></tr><tr><td class=\"t m0 x20e h19e y3a81 ff43 fs150 fc18 sc0 ls2ef ws2ea\">Entity Name </td><td class=\"t m0 x333 h19e y3a82 ff43 fs150 fc18 sc0 ls25e ws1\">Number </td></tr><tr><td class=\"c n x1dc y3a83 waab h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws24f\">Pillar Property Group Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf34 y3a83 waac h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws24f\">02570618<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3792 waad h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">Plymouth Retail Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xefc y3792 waae h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls212 ws238\">10368557<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3976 waaf h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">Regent's Place Holding 2 Limit<span class=\"_ _1\"></span>ed<span class=\"_ _458\"> </span></div></td><td class=\"c n xf35 y3976 wab0 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls220 ws254\">11864307<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b7 wab1 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">Regents Place Residential Lim<span class=\"_ _1\"></span>ited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf36 y36b7 wab2 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20e ws219\">11241644<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 wab3 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">Solartron Retail Park Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf1d y3655 wab4 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls206 ws22f\">13060834<span class=\"_ _458\"> </span></div></td></tr></table><table class=\"s wab5 h225\" id=\"_2597253d-320c-4d22-96a1-6269ad69d536\"><tr><td></td><td class=\"t m0 xf13 h19e y3a80 ff43 fs150 fc18 sc0 ls332 ws1\">Company </td></tr><tr><td class=\"t m0 xf14 h19e y3a81 ff43 fs150 fc18 sc0 ls2ef ws2ea\">Entity Name </td><td class=\"t m0 xf13 h19e y3a82 ff43 fs150 fc18 sc0 ls25e ws1\">Number </td></tr><tr><td class=\"c n x1dc y3a83 wab6 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">St. Stephens Shopping Centre Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf37 y3a83 wab7 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls21b ws22d\">04931198<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3792 wab8 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">Storey Offices Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf19 y3792 wab9 h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls205 ws20b\">11417071<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3976 waba h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">TBL (Bromley) Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf38 y3976 wabb h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls20b ws255\">03840206<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y36b7 wabc h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">Tollgate Centre Colchester Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf39 y36b7 wabd h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls217 ws22a\">10461649<span class=\"_ _458\"> </span></div></td></tr><tr><td class=\"c n x1dc y3655 wabe h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">Topside Street Limited<span class=\"_ _458\"> </span></div></td><td class=\"c n xf3a y3655 wabf h1cf\"><div class=\"t m0 x1c8 h19f y362a ff43 fs151 fc18 sc0 ls223 ws250\">11253428<span class=\"_ _458\"> </span></div></td></tr></table>The following partnerships are exempt from the requirements<span class=\"ls272\"> to prepare, publish and have<span class=\"ls289 ws29b\"> audited individual accounts </span></span>by virtue of regulation 7 of The Partnerships (Accounts)<span class=\"_ _1\"></span> Regulations 2008. The results of these partnerships are consolidated within these Group co<span class=\"ls274 ws289\">nsolidated financial statements. </span><table class=\"s wac0 h226\" id=\"_d79f3806-a2c0-4cf8-aadd-67cd09953695\"><tr><td class=\"t m0 x20e h19f y3a84 ff43 fs151 fc18 sc0 ls240 ws1\">Name </td></tr><tr><td class=\"t m0 x20e h19f y3a85 ff43 fs151 fc18 sc0 ls21a ws1\">The Hercules Property Limited Partnership </td></tr><tr><td class=\"t m0 x20e h19f y3a86 ff43 fs151 fc18 sc0 ls206 ws22f\">Power Court Luton Limited Partnership </td></tr><tr><td class=\"t m0 x20e h19f y3a87 ff43 fs151 fc18 sc0 ls217 ws22a\">Hereford Shopping Centre Limited Partner<span class=\"_ _1\"></span>ship </td></tr><tr><td class=\"t m0 x20e h19f y3a88 ff43 fs151 fc18 sc0 ls206 ws22f\">The Aldgate Place Limited Partnership </td></tr></table><table class=\"s wac1 h226\" id=\"_071506c7-7c55-44f9-a757-43b398aae19f\"><tr><td class=\"t m0 xf14 h19f y3a84 ff43 fs151 fc18 sc0 ls366 ws1\">Name </td></tr><tr><td class=\"t m0 xf14 h19f y3a85 ff43 fs151 fc18 sc0 ls213 ws25c\">BL Lancaster Limited Partnership </td></tr><tr><td class=\"t m0 xf14 h19f y3a86 ff43 fs151 fc18 sc0 ls20d ws216\">BL Shoreditch Limited Partne<span class=\"_ _1\"></span>rship </td></tr><tr><td class=\"t m0 xf14 h19f y3a87 ff43 fs151 fc18 sc0 ls20d ws216\">Paddington 5KS Property Li<span class=\"_ _1\"></span>mited Partnership </td></tr><tr><td class=\"t m0 xf14 h19f y3a88 ff43 fs151 fc18 sc0 ls20c ws215\">BL Fixed Uplift Fund Li<span class=\"_ _1\"></span>mited Partnership </td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-15": {
   "value": "England",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-486": {
   "value": "England",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  },
  "fact-16": {
   "value": "York House 45 Seymour Street London W1H 7LX",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:RV5B68J2GV3QGMRPW209",
    "period": "2024-04-01T00:00:00/2025-04-01T00:00:00"
   }
  }
 }
}