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Other assets

12 Months Ended

Dec. 31, 2023

Other assets

Other assets

18 Other assets

Other assets are not financial assets and reflect a grouping of assets that are not large enough to present separately on the balance sheet.

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​	​	​	​	​
​		2023		2022
​	​	£m	​	£m
Interests in associates (1)	​	668	​	688
Property, plant and equipment (2)	​	4,227	​	4,240
Pension schemes in net surplus (Note 5)	​	201	​	318
Prepayments		350		340
Accrued income		292		327
Tax recoverable		49		279
Deferred tax (Note 7)	​	1,894	​	2,178
Acceptances	​	575	​	237
Other		504		569
Other assets		8,760		9,176

​

(1) Includes interest in Business Growth Fund £658 million (2022 - £677 million).

(2) The estimated useful lives of NatWest Group's property, plant and equipment are: freehold buildings and long leasehold 50 years, short leaseholds for unexpired period of lease, property adaptation costs 10 to 15 years, computer equipment up to 5 years and other equipment 4 to 15 years.

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- Definition

The disclosure of other assets. [Refer: Other assets]

+ References

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- References

No definition available.

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