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Property, plant and equipment (Tables)

12 Months Ended

Dec. 31, 2023

Property, plant and equipment

Summary of breakdown of property, plant and equipment


				Service				Vehicles
		Land and		contract		Other plant		and office
		buildings		equipment		and equipment		equipment		Total
		£m		£m		£m		£m		£m
Cost
At 1 January 2022		87		518		188		210		1,003
Exchange differences		5		27		11		15		58
Additions		7		112		19		19		157
Disposals		(1)		(72)		(7)		(27)		(107)
Acquisition of companies and businesses		29		2		4		30		65
Reclassification from IFRS 16 ROU assets¹		—		—		—		8		8
At 31 December 2022		127		587		215		255		1,184
At 1 January 2023		127		587		215		255		1,184
Exchange differences		(7)		(20)		(5)		(15)		(47)
Additions		7		123		14		23		167
Disposals		(9)		(77)		(9)		(25)		(120)
Acquisition of companies and businesses		—		1		1		8		10
Hyperinflationary adjustment		4		—		—		1		5
Reclassification from IFRS 16 ROU assets¹		—		—		—		8		8
At 31 December 2023		122		614		216		255		1,207
Accumulated depreciation and impairment
At 1 January 2022		(31)		(314)		(135)		(125)		(605)
Exchange differences		(3)		(18)		(8)		(11)		(40)
Disposals		1		72		6		25		104
Impairment charge		(8)		—		—		—		(8)
Depreciation charge		(3)		(96)		(14)		(27)		(140)
At 31 December 2022		(44)		(356)		(151)		(138)		(689)
At 1 January 2023		(44)		(356)		(151)		(138)		(689)
Exchange differences		2		14		5		7		28
Disposals		4		75		8		22		109
Hyperinflationary adjustment		(1)		—		—		(1)		(2)
Depreciation charge		(5)		(102)		(15)		(32)		(154)
At 31 December 2023		(44)		(369)		(153)		(142)		(708)
Net book value
At 1 January 2022		56		204		53		85		398
At 31 December 2022		83		231		64		117		495
At 31 December 2023		78		245		63		113		499

1.	Certain leased assets become owned assets at the end of their lease period and are therefore reclassified from ROU assets (Note B4).

Summary of estimated useful economic lives of property, plant and equipment


Freehold buildings:		50 to 100 years
Leasehold improvements:		Shorter of the lease term or estimated useful life
Vehicles:		4 to 10 years
Plant and equipment (including service contract equipment):		3 to 10 years
Office equipment, furniture and fittings:		3 to 10 years