XML 322 R48.htm IDEA: XBRL DOCUMENT

Revenue recognition and operating segments (Tables)

12 Months Ended

Dec. 31, 2023

Revenue recognition and operating segments

Schedule of revenue and profit


								Operating		Operating		Operating
		Revenue		Revenue¹		Revenue¹		profit		profit¹		profit¹
		2023		2022		2021		2023		2022		2021
		£m		£m		£m		£m		£m		£m
North America²
Pest Control		3,201		1,746		1,149		599		297		187
Hygiene & Wellbeing		105		103		142		18		18		29
		3,306		1,849		1,291		617		315		216
Europe (incl. LATAM)
Pest Control		516		427		350		124		103		92
Hygiene & Wellbeing		344		322		316		52		53		54
France Workwear		221		192		166		39		31		17
		1,081		941		832		215		187		163
UK & Sub-Saharan Africa
Pest Control¹		195		182		171		51		47		45
Hygiene & Wellbeing		195		183		183		43		48		49
		390		365		354		94		95		94
Asia & MENAT
Pest Control		250		231		187		34		34		25
Hygiene & Wellbeing		89		90		84		11		11		11
		339		321		271		45		45		36
Pacific
Pest Control		124		104		90		22		16		14
Hygiene & Wellbeing		125		123		107		33		32		25
		249		227		197		55		48		39
Central and regional overheads¹		10		11		12		(121)		(107)		(96)
Restructuring costs		—		—		—		(7)		(12)		(10)
Revenue and Adjusted Operating Profit		5,375		3,714		2,957		898		571		442
One-off and adjusting items								(98)		(136)		(21)
Amortisation and impairment of intangible assets³								(175)		(118)		(74)
Operating Profit								625		317		347

1.

Central and regional overheads revenue relates to the wholesale of metalwork and consumables, including hygiene and pest control products. It is managed centrally rather than in any region. During 2023, internal management reporting structures changed and revenue and profit have been represented for 2022 and 2021 under the new structure. As a result of this change, revenue of £5m and operating profit of £1m was moved from UK & Sub-Saharan Africa – Pest Control to central and regional overheads for each year.

2.	During 2023 there were impairment losses recognised in North America related to ROU assets of £nil (2022: £17m; 2021: £nil) and related to property, plant and equipment of £nil (2022: £8m; 2021: £nil).

3.	Excluding computer software which is included in our segment operating profit measure.


								Operating		Operating		Operating
		Revenue		Revenue¹		Revenue¹		profit		profit¹		profit¹
		2023		2022		2021		2023		2022		2021
		£m		£m		£m		£m		£m		£m
Pest Control¹		4,286		2,690		1,947		830		497		363
Hygiene & Wellbeing		858		821		832		157		162		168
France Workwear		221		192		166		39		31		17
Total business segments		5,365		3,703		2,945		1,026		690		548
Central and regional overheads¹		10		11		12		(121)		(107)		(96)
Restructuring costs		—		—		—		(7)		(12)		(10)
Revenue and Adjusted Operating Profit		5,375		3,714		2,957		898		571		442
One-off and adjusting items								(98)		(136)		(21)
Amortisation and impairment of intangible assets²								(175)		(118)		(74)
Operating Profit								625		317		347

1.

Central and regional overheads revenue relates to the wholesale of metalwork and consumables, including hygiene and pest control products. It is managed centrally rather than in any region. During 2023, internal management reporting structures changed and revenue and profit have been represented for 2022 and 2021 under the new structure. As a result of this change, revenue of £5m and operating profit of £1m was moved from UK & Sub-Saharan Africa – Pest Control to central and regional overheads for each year.

2.	Excluding computer software which is included in our segment operating profit measure.

Schedule of revenue and non-current assets by countries


				Non-current				Non-current				Non-current
		Revenue		assets¹		Revenue		assets¹		Revenue		assets¹
		2023		2023		2022		2022		2021		2021
		£m		£m		£m		£m		£m		£m
UK		322		241		296		192		292		180
USA		3,220		6,734		1,786		7,045		1,240		1,768
France		380		282		338		268		306		234
Australia		181		165		166		132		149		120
India		59		80		58		83		54		81
Spain		72		77		56		76		46		42
Other countries		1,141		683		1,014		688		870		454
Total		5,375		8,262		3,714		8,484		2,957		2,879

1.	Non-current assets include intangible assets, property, plant and equipment, right-of-use assets, contract cost assets, and non-current other receivables.

2.	Non-current assets have been retrospectively adjusted in 2022, in accordance with IFRS 3, to reflect measurement period adjustments made relating to the Terminix acquisition amounting to £12m (see Note B1).

Schedule of analysis of revenue by business segment and by Type


		Revenue		Revenue		Revenue
		2023		2022		2021
		£m		£m		£m
Recognised over time
Contract service revenue		3,838		2,610		2,009
Recognised at a point in time
Job work		1,104		724		641
Sales of goods		433		380		307
Total		5,375		3,714		2,957

Schedule of other segment items included in the consolidated income statement


		Amortisation and		Amortisation and		Amortisation and
		impairment of		impairment of		impairment of
		intangibles¹		intangibles¹		intangibles¹
		2023		2022		2021
		£m		£m		£m
North America		118		59		34
Europe (incl. LATAM)		24		29		14
UK & Sub-Saharan Africa		8		—		9
Asia & MENAT		11		20		7
Pacific		6		4		4
Central and regional		8		6		6
Total		175		118		74
Tax effect		(44)		(25)		(18)
Total after tax effect		131		93		56

1.	Excluding computer software.