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Investments in associated undertakings

12 Months Ended

Dec. 31, 2024

Investments in associated undertakings

Investments in associated undertakings

B6. Investments in associated undertakings

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​	​	​	​	​
​		2024		2023
​	​	£m	​	£m
Interest in Nippon Calmic Limited		25		31
Interest in individually immaterial associated undertakings		12		13
At 31 December		37		44

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Nippon Calmic Limited

Nippon Calmic Limited is an associated undertaking in Japan which provides hygiene services, in which the Group has a 49% interest.

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The associate is unlisted and the investment value is shown below.

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​	​	​	​	​
​		2024		2023
​	​	£m	​	£m
At 1 January	​	31	​	32
Exchange differences		(2)		(4)
Share of profit1		6		7
Dividends received		(10)		(4)
At 31 December		25		31

1. Share of profit is net of tax of £3m (2023: £4m).

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Assets

Liabilities

Revenue

Profit

Assets

Liabilities

Revenue

Profit

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2024

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2024

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2024

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2024

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2023

​

2023

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2023

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2023

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£m

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£m

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£m

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£m

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£m

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£m

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£m

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£m

Nippon Calmic Ltd (49%)

58

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(32)

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52

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6

60

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(28)

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54

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7

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Individually immaterial associates

In addition to the interest in associates disclosed above, the Group also has interests in a number of individually immaterial associates that are accounted for using the equity method.

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​	​	​	​	​
​		2024		2023
​	​	£m	​	£m
At 1 January	​	13	​	31
Exchange differences		(1)		(1)
Disposals	​	—	​	(19)
Share of profit		1		2
Dividends received		(1)		—
At 31 December		12		13

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There was no unrecognised share of losses related to associates (2023: £nil).

X

- References

No definition available.

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X

- Definition

The disclosure of associates. [Refer: Total for all associates [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 27
-IssueDate 2024-01-01
-Paragraph 17
-Subparagraph b
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=27&code=ifrs-tx-2024-en-r&anchor=para_17_b&doctype=Standard
-URIDate 2024-03-27

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name IAS
-Number 27
-IssueDate 2024-01-01
-Paragraph 16
-Subparagraph b
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=27&code=ifrs-tx-2024-en-r&anchor=para_16_b&doctype=Standard
-URIDate 2024-03-27

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 12
-IssueDate 2024-01-01
-Paragraph B4
-Subparagraph d
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2024-en-r&anchor=para_B4_d&doctype=Appendix&subtype=B
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