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Consolidated Statement of Profit or Loss and Other Comprehensive Income - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Consolidated Statement of Profit or Loss and Other Comprehensive Income      
Revenue £ 3,714 £ 2,957 £ 2,803
Operating expenses (3,373) (2,610) (2,509)
Net impairment losses on financial assets (24)    
Operating profit 317 347 294
Finance income 49 4 6
Finance cost (79) (34) (78)
Share of profit from associates net of tax 9 8 8
Profit before income tax 296 325 230
Income tax expense [1] (64) (62) (44)
Profit for the year 232 263 186
Profit for the year attributable to:      
Equity holders of the Company 232 263 186
Other comprehensive income:      
Remeasurement of net defined benefit liability 2 1 (13)
Net exchange adjustments offset in reserves (232) (18) (35)
Net (loss)/gain on net investment hedge (68) 15 (17)
Cost of hedging (2) (1) (1)
Effective portion of changes in fair value of cash flow hedge [2] (6) 13 (5)
Tax related to items taken to other comprehensive income 11 2 4
Other comprehensive income for the year (295) 12 (67)
Total comprehensive income for the year (63) 275 119
Total comprehensive income for the year attributable to:      
Equity holders of the Company £ (63) £ 275 £ 119
Earnings per share attributable to the Company's equity holders:      
Basic £ 0.1157 £ 0.1416 £ 0.1003
Diluted £ 0.1151 £ 0.1410 £ 0.0998
[1] Taxation includes £58m (2021: £50m; 2020: £40m) in respect of overseas taxation.
[2] £6m net loss (2021: £13m net gain; 2020: £5m net loss) on cash flow hedge includes £137m gain (2021: £15m loss; 2020: £15m gain) from the effective portion of changes in fair value offset by reclassification to the cost of acquisition of £118m gain (2021: £nil; 2020: £nil) and reclassification to the income statement of £25m gain (2021: £28m loss; 2020: £20m gain) due to changes in foreign exchange rates.