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v3.25.1

Business combinations (Tables) | 12 Months Ended
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Dec. 31, 2024
Business combinations |
Summary of goodwill, fair value of net assets acquired, provisional fair values of assets and liabilities arising from acquisitions and cash outflow from current and past acquisitions | ​
​ | ​ | ​ | ​ | ​
​ | ​ | 2024 | ​ | 2023
​ | ​ | £m | ​ | £m
Purchase consideration |  |  | ​ |
– Cash paid |  | 115 | ​ | 203
– Deferred and contingent consideration |  | 67 | ​ | 58
Total purchase consideration |  | 182 | ​ | 261
Fair value of net assets acquired |  | (51) | ​ | (88)
Goodwill from current-year acquisitions |  | 131 | ​ | 173
Goodwill expected to be deductible for tax purposes | ​ | 84 | ​ | 76
​ ​
​ | ​ | ​ | ​ | ​
​ | ​ | 2024 | ​ | 2023
​ | ​ | £m | ​ | £m
Non-current assets |  |  | ​ |
– Intangible assets1 |  | 56 | ​ | 80
– Property, plant and equipment2 |  | 11 | ​ | 12
Current assets3 |  | 27 | ​ | 22
Current liabilities4 |  | (23) | ​ | (12)
Non-current liabilities5 |  | (20) | ​ | (14)
Net assets acquired |  | 51 | ​ | 88
1. | Includes £46m (2023: £69m) of customer lists and £10m (2023: £11m) of other intangibles.
2. | Includes £4m (2023: £1m) of ROU assets.
3. | Includes cash acquired of £2m (2023: £8m), inventory of £11m (2023: £2m), and trade and other receivables of £14m (2023: £12m).
4. | Includes trade and other payables of £23m (2023: £10m).
5. | Includes £9m of deferred tax liabilities relating to acquired intangibles (2023: £12m), lease liabilities of £4m (2023: £1m), and other liabilities of £7m (2023: £1m).
6. | The fair values of assets and liabilities from acquisitions in the current year will be finalised in the 2025 Financial Statements. These fair values are provisional as the acquisition accounting has not yet been finalised, primarily due to the proximity of many acquisitions to the year end.
​
​ | ​ | ​ | ​ | ​
​ | ​ | 2024 | ​ | 2023
​ | ​ | £m | ​ | £m
Total purchase consideration |  | 182 | ​ | 261
Consideration payable in future periods |  | (67) | ​ | (58)
Purchase consideration paid in cash |  | 115 | ​ | 203
Cash and cash equivalents in acquired companies and businesses |  | (2) | ​ | (8)
Cash outflow on current period acquisitions |  | 113 | ​ | 195
Deferred and contingent consideration paid |  | 59 | ​ | 47
Cash outflow on current and past acquisitions |  | 172 | ​ | 242

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- Definition The disclosure of detailed information about business combinations. [Refer: Total for all business combinations [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 3 -IssueDate 2024-01-01 -Section Disclosures application of paragraphs 59 and 61 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2024-en-r&doctype=Appendix&subtype=B&dita_xref=IFRS03_gB64-B67_TI -URIDate 2024-03-27 + Details
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