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Analysis of the net investment in business interests and intangible assets | 12 Months Ended
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Dec. 31, 2022
Analysis of the net investment in business interests and intangible assets |
Analysis of the net investment in business interests and intangible assets | 27 Analysis of the net investment in business interests and intangible assets This note shows cash flows relating to obtaining or losing control of associates or subsidiaries and net assets and liabilities purchased and sold. These cash flows are presented as investing activities on the cash flow statement. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
​ |  | £m |  | £m |  | £m
Acquisition of interests in associates |  | (1) |  | — |  | —
Additional investment in associates | ​ | — | ​ | (51) | ​ | (40)
Net assets/liabilities purchased | ​ | — | ​ | (3,128) | ​ | —
Net outflow of cash in respect of acquisitions |  | (1) |  | (3,179) |  | (40)
​ | ​ | ​ | ​ | ​ | ​ | ​
Sale of interests in associates |  | — |  | — |  | 27
Disposal of net assets and liabilities |  | 6,270 |  | 114 |  | 288
(Loss)/profit on disposal of net assets and liabilities |  | (106) |  | 55 |  | 3
Net inflow of cash in respect of disposals |  | 6,164 |  | 169 |  | 318
​ | ​ | ​ | ​ | ​ | ​ | ​
Cash expenditure on intangible assets |  | (743) |  | (479) |  | (348)
Net inflow/(outflow) of cash |  | 5,420 |  | (3,489) |  | (70)
​

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