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Consolidated Statement of Changes in Equity - Analysis of Other Reserves (Parenthetical) - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net gain (loss) on cash flow hedge [1] £ 3 £ (6) £ 13
Gain (loss) from effective portion of changes in fair value (28) 137 (15)
Amount of reclassification to the cost of acquisition 0 118 0
Amount of reclassification due to changes in foreign exchange rates £ (31) £ 25 (28)
Legal reserve      
Transfer between reserves     £ (10)
[1] £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.