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Other assets (Tables)

12 Months Ended

Dec. 31, 2023

Other assets

Schedule of other assets


		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.