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Equity (Tables) | 12 Months Ended
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Jun. 30, 2022
Disclosure of reserves within equity [abstract] |
Schedule of allotted and fully paid share capital | (a) Allotted and fully paid share capital – ordinary shares of 28 101⁄108 pence each
| Number of shares million | Nominal value £ million
At 30 June 2022 | 2,498 |  | 723 |
At 30 June 2021 | 2,559 |  | 741 |
At 30 June 2020 | 2,562 |  | 742 |
Schedule of movement in hedging and exchange reserve | (b) Hedging and exchange reserve
| Hedging reserve £ million | Exchange reserve £ million | Total £ million
At 30 June 2019 | (37) |  | (781) |  | (818) |
Other comprehensive income/(loss) | 125 |  | (241) |  | (116) |
Transfers from other retained earnings | 5 |  | — |  | 5 |
At 30 June 2020 | 93 |  | (1,022) |  | (929) |
Other comprehensive income/(loss) | 20 |  | (672) |  | (652) |
At 30 June 2021 | 113 |  | (1,694) |  | (1,581) |
Other comprehensive (loss)/income | (87) |  | 622 |  | 535 |
At 30 June 2022 | 26 |  | (1,072) |  | (1,046) |
Schedule of movements in own shares | Movements in own shares
| Number of shares million | Purchase consideration £ million
At 30 June 2019 | 232 |  | 2,026 |
Share trust arrangements | (1) |  | (7) |
Shares used to satisfy options | (4) |  | (83) |
Shares purchased - share buyback programme | 39 |  | 1,282 |
Shares cancelled | (39) |  | (1,282) |
At 30 June 2020 | 227 |  | 1,936 |
Share trust arrangements | (1) |  | (11) |
Shares used to satisfy options | (3) |  | (48) |
Shares purchased - share buyback programme | 3 |  | 109 |
Shares cancelled | (3) |  | (109) |
At 30 June 2021 | 223 |  | 1,877 |
Share trust arrangements | (2) |  | (23) |
Shares used to satisfy options | (2) |  | (16) |
Shares purchased - share buyback programme | 61 |  | 2,284 |
Shares cancelled | (61) |  | (2,284) |
At 30 June 2022 | 219 |  | 1,838 |
Schedule of the monthly breakdown of shares purchased and the average price paid per share | The monthly breakdown of all shares purchased and the average price paid per share (excluding expenses) for the year ended 30 June 2022 were as follows:
Period | Number of shares purchased under share buyback programme | Total number of shares purchased | Average price paid pence | Authorised purchases unutilised at month end
July 2021 | 1,728,254 |  | 1,728,254 |  | 3457 |  | 227,758,747 |
August 2021 | 2,396,223 |  | 2,396,223 |  | 3538 |  | 225,362,524 |
September 2021 | 3,175,936 |  | 3,175,936 |  | 3493 |  | 222,186,588 |
October 2021(1) | 1,565,980 |  | 1,565,980 |  | 3550 |  | 232,045,302 |
November 2021 | 1,375,946 |  | 1,375,946 |  | 3785 |  | 230,669,356 |
December 2021 | 4,423,031 |  | 4,423,031 |  | 3960 |  | 226,246,325 |
January 2022 | 5,822,743 |  | 5,822,743 |  | 3797 |  | 220,423,582 |
February 2022 | 5,865,710 |  | 5,865,710 |  | 3714 |  | 214,557,872 |
March 2022 | 8,480,736 |  | 8,480,736 |  | 3588 |  | 206,077,136 |
April 2022 | 7,260,564 |  | 7,260,564 |  | 3935 |  | 198,816,572 |
May 2022 | 12,627,704 |  | 12,627,704 |  | 3724 |  | 186,188,868 |
June 2022 | 6,771,405 |  | 6,771,405 |  | 3584 |  | 179,417,463 |
Total | 61,494,232 |  | 61,494,232 |  | 3708 |  | 179,417,463 |
(1) New maximum number of purchasable shares was authorised by shareholders at the AGM held on 30 September 2021
Schedule of dividends | (d) Dividends
| 2022 | 2021 | 2020
| £ million | £ million | £ million
Amounts recognised as distributions to equity shareholders in the year |  |  |
Final dividend for the year ended 30 June 2021 |  |  |
44.59 pence per share (2020 – 42.47 pence; 2019 – 42.47 pence) | 1,040 |  | 992 |  | 1,006 |
Interim dividend for the year ended 30 June 2022 |  |  |
29.36 pence per share (2021 – 27.96 pence; 2020 – 27.41 pence) | 680 |  | 654 |  | 640 |
| 1,720 |  | 1,646 |  | 1,646 |
Schedule of amounts attributable to non controlling interests | Summarised financial information for USL and other subsidiaries, after fair value adjustments on acquisition, and the amounts attributable to non-controlling interests are as follows:
| 2022 | 2021 | 2020
| USL £ million | Others £ million | Total £ million | Total £ million | Total £ million
Income statement |  |  |  |  |
Sales | 3,194 |  | 2,603 |  | 5,797 |  | 5,140 |  | 4,688 |
Net sales | 1,013 |  | 2,042 |  | 3,055 |  | 2,553 |  | 2,314 |
(Loss)/profit for the year | (127) |  | 354 |  | 227 |  | 298 |  | 85 |
Other comprehensive income/(loss)(1) | 134 |  | 199 |  | 333 |  | (434) |  | (96) |
Total comprehensive income/(loss) | 7 |  | 553 |  | 560 |  | (136) |  | (11) |
Attributable to non-controlling interests | 3 |  | 256 |  | 259 |  | (35) |  | 8 |
Balance sheet |  |  |  |  |
Non-current assets(2) | 1,668 |  | 3,349 |  | 5,017 |  | 4,669 |  | 5,170 |
Current assets | 727 |  | 1,275 |  | 2,002 |  | 1,492 |  | 1,280 |
Non-current liabilities | (275) |  | (1,224) |  | (1,499) |  | (1,356) |  | (1,459) |
Current liabilities | (441) |  | (1,205) |  | (1,646) |  | (1,335) |  | (1,188) |
Net assets | 1,679 |  | 2,195 |  | 3,874 |  | 3,470 |  | 3,803 |
Attributable to non-controlling interests | 717 |  | 999 |  | 1,716 |  | 1,534 |  | 1,668 |
Cash flow |  |  |  |  |
Net cash inflow from operating activities | 149 |  | 541 |  | 690 |  | 661 |  | 233 |
Net cash outflow from investing activities | (74) |  | (215) |  | (289) |  | (137) |  | (152) |
Net cash outflow from financing activities | (72) |  | (250) |  | (322) |  | (371) |  | (209) |
Net increase/(decrease) in cash and cash equivalents | 3 |  | 76 |  | 79 |  | 153 |  | (128) |
Exchange differences | — |  | 52 |  | 52 |  | (19) |  | (3) |
Dividends payable to non-controlling interests | — |  | (72) |  | (72) |  | (72) |  | (117) |
(1) Other comprehensive income is principally in respect of exchange on translating the subsidiaries to sterling. (2) Non-current assets include the global distribution rights to distribute Ketel One vodka products throughout the world. The carrying value of the distribution rights at 30 June 2022 was £1,488 million (2021 – £1,295 million; 2020 – £1,464 million).
Schedule of employee share compensation | The annual fair value charge in respect of the equity settled plans for the three years ended 30 June 2022 is as follows:
| 2022 £ million | 2021 £ million | 2020 £ million
Executive share award plans | 51 |  | 41 |  | (3) |
Executive share option plans | 4 |  | 4 |  | 2 |
Savings plans | 4 |  | 4 |  | 3 |
| 59 |  | 49 |  | 2 |
Schedule of fair value of each share award used the Monte Carlo pricing model and weighted average assumptions | For the three years ended 30 June 2022, the calculation of the fair value of each share award used the Monte Carlo and Black Scholes pricing model and the following assumptions:
| 2022 | 2021 | 2020
Risk free interest rate | 0.4 | % | (0.1 | %) | 0.4 | %
Expected life of the awards | 40 months | 36 months | 37 months
Dividend yield | 2.1 | % | 2.7 | % | 1.9 | %
Weighted average share price | 3545 p | 2557 p | 3501 p
Weighted average fair value of awards granted in the year | 2729 p | 2107 p | 899 p
Number of awards granted in the year | 2.1 million | 2.1 million | 1.7 million
Fair value of all awards granted in the year | £57 million | £45 million | £16 million
Schedule of transactions on executive share award plans | Transactions on the executive share award plans for the three years ended 30 June 2022 were as follows:
| 2022 Number of awards million |  | 2021 Number of awards million |  | 2020 Number of awards million |
Balance outstanding at 1 July | 5.3 |  |  | 5.6 |  |  | 7.0 |  |
Granted | 2.1 |  |  | 2.1 |  |  | 1.8 |  |
Awarded | (1.1) |  |  | (1.2) |  |  | (2.5) |  |
Forfeited | (1.1) |  |  | (1.2) |  |  | (0.7) |  |
Balance outstanding at 30 June | 5.2 |  |  | 5.3 |  |  | 5.6 |  |

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