XML 276 R2.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Statement of Profit or Loss and Other Comprehensive Income - GBP (£)
£ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Consolidated Statement of Profit or Loss and Other Comprehensive Income      
Revenue £ 5,375 £ 3,714 £ 2,957
Operating expenses (4,711) (3,373) (2,610)
Net impairment losses on financial assets (39) (24)  
Operating profit 625 317 347
Finance income 48 49 4
Finance cost (189) (79) (34)
Share of profit from associates net of tax 9 9 8
Profit before income tax 493 296 325
Income tax expense [1] (112) (64) (62)
Profit for the year 381 232 263
Profit for the year attributable to:      
Equity holders of the Company 381 232 263
Other comprehensive income:      
Remeasurement of net defined benefit liability   2 1
Net exchange adjustments offset in reserves (352) (232) (18)
Net gain/(loss) on net investment hedge 109 (68) 15
Cost of hedging 9 (2) (1)
Effective portion of changes in fair value of cash flow hedge [2] 3 (6) 13
Tax related to items taken to other comprehensive income 6 11 2
Other comprehensive income for the year (225) (295) 12
Total comprehensive income for the year 156 (63) 275
Total comprehensive income for the year attributable to:      
Equity holders of the Company £ 156 £ (63) £ 275
Earnings per share attributable to the Company's equity holders:      
Basic £ 0.1514 £ 0.1157 £ 0.1416
Diluted £ 0.1507 £ 0.1151 £ 0.1410
[1] Taxation includes £106m (2022: £58m; 2021: £50m) in respect of overseas taxation.
[2] £3m net gain (2022 £6m net loss; 2021: £13m net gain) on cash flow hedge includes £28m loss (2022: £137m gain; 2021: £15m loss) from the effective portion of changes in fair value offset by reclassification to the cost of acquisition of £nil (2022: £118m gain; 2021: £nil) and reclassification to the income statement of £31m loss (2022: £25m gain; 2021: £28m loss) due to changes in foreign exchange rates.