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Financial instruments (Tables) | 6 Months Ended
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Jun. 30, 2020
Text block [abstract] |
Analysis of Financial Instruments Measured at Fair Value | The following table provides an analysis of financial instruments that are measured subsequent to initial recognition at fair value, grouped into levels 1 to 3 based on the degree to which the fair value is observable, or based on observable inputs: Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2 fair value measurements are those derived from inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices); Level 3 fair value measurements are those derived from valuation techniques that include inputs for the asset or liability that are not based on observable market data (unobservable inputs).
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |
|  | £m |  |  | £m |  |  | £m |
30 June 2020 |  |  |  |  |  |  |  |  |  |  |  |
Derivatives in designated hedge relationships |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets |  |  | — |  |  |  | — |  |  |  | — |
Derivative liabilities |  |  | — |  |  |  | (0.6 | ) |  |  | — |
Held at fair value through profit or loss |  |  |  |  |  |  |  |  |  |  |  |
Other investments |  |  | — |  |  |  | — |  |  |  | 258.7 |
Derivative assets |  |  | — |  |  |  | 0.6 |  |  |  | — |
Derivative liabilities |  |  | — |  |  |  | (2.7 | ) |  |  | — |
Payments due to vendors (earnout agreements) (note 1 8 ) |  |  | — |  |  |  | — |  |  |  | (166.6 | )
Liabilities in respect of put options |  |  | — |  |  |  | — |  |  |  | (167.5 | )
Held at fair value through other comprehensive income |  |  |  |  |  |  |  |  |  |  |  |
Other investments |  |  | 28.4 |  |  |  | — |  |  |  | 110.9 |
Reconciliation of level 3 fair value measurements:
|  | Liabilities in respect of put options |  |  | Other investments |
|  | £m |  |  | £m |
1 January 2020 |  |  | (226.8 | ) |  |  | 456.1 |
Gains recognised in the income statement |  |  | 26.0 |  |  |  | 1.7 |
Losses recognised in other comprehensive income |  |  | — |  |  |  | (88.7 | )
Exchange adjustments |  |  | (1.3 | ) |  |  | — |
Additions |  |  | (1.5 | ) |  |  | 3.0 |
Disposals |  |  | — |  |  |  | (2.5 | )
Cancellations |  |  | 28. 9 |  |  |  | — |
Settlements |  |  | 7.2 |  |  |  | — |
30 June 2020 |  |  | (167.5 | ) |  |  | 369.6 |

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- Definition The disclosure of the fair value of financial instruments. [Refer: Financial instruments, class [member]; At fair value [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_10_e&doctype=Standard -URIDate 2019-03-27 + Details
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- Definition Text block [abstract] + References No definition available. + Details
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