XML 154 R141.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Financial risk management (Details) £ in Millions, $ in Billions | 12 Months Ended |
--- | --- | ---
Dec. 31, 2022 GBP (£) item | Dec. 31, 2021 GBP (£) | Dec. 31, 2022 USD ($)
Financial risk management |  |  |
Book value | £ 3,574.0 | £ 1,256.0 |
Bond Debt |  |  |
Financial risk management |  |  |
Fair market value | 2,826.0 | 1,272.0 |
Book value | 2,987.0 | 1,254.0 |
Liquidity Risk |  |  |
Financial risk management |  |  |
Required headroom of unrestricted cash and available committed facilities | £ 600.0 |  |
Minimum period for which Treasury Committee manages financing requirements and associated headroom | 12 months |  |
Unrestricted cash | £ 867.0 |  |
Combined headroom | £ 1,694.0 | 785.0 |
Advance period for financing debt maturities | 12 months |  |
Liquidity Risk | Revolving credit facility |  |  |
Financial risk management |  |  |
Available commitments | £ 827.0 |  | $ 1.0
Notional amount of debt |  | 550.0 | $ 1.0
Number of relationship banks | item | 16 |  |
Liquidity Risk | €400m bond, €500m bond, €600m bond |  |  |
Financial risk management |  |  |
Increase in coupon payable percentage, in the event that the Group is downgraded to BB+ or below | 1.25% |  |
Period for redemption of bonds | 120 days |  |
Credit risk | Below A- |  |  |
Financial risk management |  |  |
Balances with banks | £ 36.0 | 11.0 |
Credit risk | Below A- | Single bank |  |  |
Financial risk management |  |  |
Balances with banks | £ 14.0 | £ 2.0 |
Foreign exchange risk |  |  |
Financial risk management |  |  |
Foreign currencies as a percentage of Group's adjusted operating profit | 104.00% |  |
Threshold amount of foreign currencies exposure covered by foreign exchange derivatives | £ 0.5 |  |
Percentage of movement in risk assumption | 10.00% |  | 10.00%
Foreign exchange risk | US dollar |  |  |
Financial risk management |  |  |
Foreign currencies as a percentage of Group's adjusted operating profit | 48.00% |  |
Threshold amount of foreign currencies exposure covered by foreign exchange derivatives | £ 5.0 |  |
Percentage of net debt | 66.00% | 57.00% |
Percentage of movement in risk assumption | 10.00% |  | 10.00%
Increase (decrease) in adjusted operating profit due to reasonably possible movement in risk assumption | £ 25.0 | £ 19.0 |
Decrease (increase) in interest payable due to reasonably possible movement in risk assumption | 3.0 | 2.0 |
Increase (decrease) in other comprehensive income due to reasonably possible movement in risk assumption | 377.0 | 50.0 |
Increase (decrease) in other comprehensive income due to reasonably possible movement in risk assumption, offsetting impact of net investment hedging | £ 210.0 | £ 54.0 |
Foreign exchange risk | Euro |  |  |
Financial risk management |  |  |
Foreign currencies as a percentage of Group's adjusted operating profit | 29.00% |  |
Percentage of net debt | 23.00% | 45.00% |
Percentage of movement in risk assumption | 10.00% |  | 10.00%
Increase (decrease) in adjusted operating profit due to reasonably possible movement in risk assumption | £ 15.0 | £ 16.0 |
Decrease (increase) in interest payable due to reasonably possible movement in risk assumption | 3.0 | 1.0 |
Increase (decrease) in other comprehensive income due to reasonably possible movement in risk assumption | 0.0 | 5.0 |
Increase (decrease) in other comprehensive income due to reasonably possible movement in risk assumption, offsetting impact of net investment hedging | £ 46.0 | 42.0 |
Foreign exchange risk | Other currencies |  |  |
Financial risk management |  |  |
Percentage of net debt | 11.00% |  |
Interest rate risk |  |  |
Financial risk management |  |  |
Percentage of estimated future interest rate exposures (excluding pensions) to be fixed | 50.00% |  |
Minimum period for which estimated future interest rate exposures are to be fixed | 12 months |  |
Interest rate risk | Euro |  |  |
Financial risk management |  |  |
Percentage of movement in risk assumption | 1.00% |  | 1.00%
Increase (decrease) in market value of the Group's bond liabilities due to reasonably possible increase in designated risk component | £ (128.0) | (62.0) |
Income statement impact due to reasonably possible increase in designated risk component | 0.0 |  |
Interest rate risk | Bond Debt |  |  |
Financial risk management |  |  |
Fair market value | 2,826.0 | 1,272.0 |
Book value | £ 2,987.0 | £ 1,254.0 |

X
- Definition The amount of cash balances held at banks. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 7 -IssueDate 2023-01-01 -Paragraph 45 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=7&code=ifrs-tx-2023-en-r&anchor=para_45&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_BalancesWithBanks
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table. + References No definition available. + Details
Name: | ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsLineItems
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The non-current portion of non-current borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 55 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_55&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_LongtermBorrowings
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The nominal or face amount of a financial instrument, used to calculate payments made on that instrument. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 112 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_112_c&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_NotionalAmount
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Definition Advance period for financing debt maturities + References No definition available. + Details
Name: | rto_AdvancePeriodForFinancingDebtMaturities
Namespace Prefix: | rto_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition The fair market value of borrowings of the entity. + References No definition available. + Details
Name: | rto_BorrowingsFairMarketValue
Namespace Prefix: | rto_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Percentage of incremental interest rate payable on the borrowings, in the event that the Group is downgraded to BB+ or below (sub-investment grade). + References No definition available. + Details
Name: | rto_BorrowingsIncrementalInterestRatePayable
Namespace Prefix: | rto_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Period within which the borrowings may be called for redemption by investors, if the Group's debt is downgraded below investment grade, or if the rating is withdrawn. + References No definition available. + Details
Name: | rto_BorrowingsPeriodForRedemption
Namespace Prefix: | rto_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of combined headroom available with the entity as of the balance sheet date. + References No definition available. + Details
Name: | rto_CombinedHeadroom
Namespace Prefix: | rto_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The (decrease) increase in interest payable as a result of movement in a designated risk component that was reasonably possible at the end of the reporting period. Excludes defined benefit plan obligations. + References No definition available. + Details
Name: | rto_DecreaseIncreaseInInterestPayableDueToReasonablyPossibleMovementInRiskAssumption
Namespace Prefix: | rto_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The constitution of foreign currencies as a percentage of the entity's adjusted operating profit. + References No definition available. + Details
Name: | rto_ForeignCurrenciesAsPercentageOfAdjustedOperatingProfit
Namespace Prefix: | rto_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility. + References No definition available. + Details
Name: | rto_IfrsLineOfCreditFacilityCurrentBorrowingCapacity
Namespace Prefix: | rto_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The impact on income statement as a result of an increase in a designated risk component that was reasonably possible at the end of the reporting period. Excludes defined benefit plan obligations. + References No definition available. + Details
Name: | rto_IncomeStatementImpactDueToReasonablyPossibleIncreaseInDesignatedRiskComponent
Namespace Prefix: | rto_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The increase (decrease) in adjusted operating profit as a result of movement in a designated risk component that was reasonably possible at the end of the reporting period. Excludes defined benefit plan obligations. + References No definition available. + Details
Name: | rto_IncreaseDecreaseInAdjustedOperatingProfitDueToReasonablyPossibleMovementInRiskAssumption
Namespace Prefix: | rto_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The increase (decrease) in market value of bond liabilities as a result of an increase in a designated risk component that was reasonably possible at the end of the reporting period. Excludes defined benefit plan obligations. + References No definition available. + Details
Name: | rto_IncreaseDecreaseInMarketValueOfBondLiabilitiesDueToReasonablyPossibleIncreaseInDesignatedRiskComponent
Namespace Prefix: | rto_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Increase (decrease) in other comprehensive income due to reasonably possible movement in risk assumption + References No definition available. + Details
Name: | rto_IncreaseDecreaseInOtherComprehensiveIncomeDueToReasonablyPossibleMovementInRiskAssumption
Namespace Prefix: | rto_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Increase (decrease) in other comprehensive income due to reasonably possible movement in risk assumption, offsetting impact of net investment hedging + References No definition available. + Details
Name: | rto_IncreaseDecreaseInOtherComprehensiveIncomeDueToReasonablyPossibleMovementInRiskAssumptionOffsettingImpactOfNetInvestmentHedging
Namespace Prefix: | rto_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Minimum period forward for which the estimated future interest rate exposures are to be fixed by the entity. + References No definition available. + Details
Name: | rto_MinimumPeriodForwardForWhichEstimatedFutureInterestRateExposuresToBeFixed
Namespace Prefix: | rto_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Minimum period from which the Treasury Committee of the entity, manages financing requirements and associated headroom. + References No definition available. + Details
Name: | rto_MinimumPeriodFromWhichTreasuryCommitteeManagesFinancingRequirementsAndAssociatedHeadroom
Namespace Prefix: | rto_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of relationship banks with whom the company has borrowings. + References No definition available. + Details
Name: | rto_NumberOfRelationshipBanks
Namespace Prefix: | rto_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Percentage of estimated future interest rate exposures (excluding pensions) to be fixed by the entity for a minimum period of 12 months forward. + References No definition available. + Details
Name: | rto_PercentageOfEstimatedFutureInterestRateExposuresExcludingPensionsToBeFixed
Namespace Prefix: | rto_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The reasonably possible percentage of the movement in the designated risk component used to determine the value of the financial instrument. Excludes defined benefit plan obligations. + References No definition available. + Details
Name: | rto_PercentageOfMovementInRiskAssumption
Namespace Prefix: | rto_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The percentage of the entity's net debt. + References No definition available. + Details
Name: | rto_PercentageOfNetDebt
Namespace Prefix: | rto_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of headroom of unrestricted cash and available committed facilities as required by the entity's policy. + References No definition available. + Details
Name: | rto_RequiredHeadroomOfUnrestrictedCashAndAvailableCommittedFacilities
Namespace Prefix: | rto_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Threshold amount of foreign currencies exposure that is covered by foreign exchange derivatives by the entity. + References No definition available. + Details
Name: | rto_ThresholdAmountOfForeignCurrenciesExposureCoveredByForeignExchangeDerivatives
Namespace Prefix: | rto_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of unrestricted cash held by the entity. + References No definition available. + Details
Name: | rto_UnrestrictedCash
Namespace Prefix: | rto_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=rto_BondDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfRisksAxis=ifrs-full_LiquidityRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=rto_RevolvingCreditFacilitysMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_BorrowingsByNameAxis=rto_Eur400mBondEur500mBondEur600mBondMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfRisksAxis=ifrs-full_CreditRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ExternalCreditGradesAxis=rto_BelowaMinusMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_CounterpartiesAxis=rto_SingleBankMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfRisksAxis=ifrs-full_CurrencyRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CurrencyAxis=currency_USD
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CurrencyAxis=currency_EUR
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CurrencyAxis=srt_OtherCurrencyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfRisksAxis=ifrs-full_InterestRateRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |