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Analysis of the net investment in business interests and intangible assets (Tables)
12 Months Ended
Dec. 31, 2023
Analysis of the net investment in business interests and intangible assets  
Schedule of the analysis of the net investment in business interests and intangible assets

    

2023

    

2022

    

2021

 

£m

 

£m

 

£m

Fair value given for business acquired

(139)

Acquisition of interest in associates

 

 

(1)

 

Additional investment in associates

(5)

(51)

Net assets and liabilities purchased

(3,128)

Net outflow of cash in respect of acquisitions

 

(144)

 

(1)

 

(3,179)

Disposal of net assets and liabilities

 

5,560

 

6,270

 

114

(Loss)/profit on disposal of net assets and liabilities

 

(87)

 

(106)

 

55

Net inflow of cash in respect of disposals

 

5,473

 

6,164

 

169

Dividends received from associate

16

Net cash expenditure on intangible assets

 

(744)

 

(743)

 

(479)

Net inflow/(outflow) of cash

 

4,601

 

5,420

 

(3,489)