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Property, plant and equipment
12 Months Ended
Dec. 31, 2024
Disclosure of detailed information about property, plant and equipment [abstract]  
Property, plant and equipment
12. Property, plant and equipment
The movements in 2024 and 2023 were as follows:
LandFreehold
buildings
Leasehold
buildings
Fixtures,
fittings
and
equipment
Computer
equipment
Total
£m£m£m£m£m£m
Cost
1 January 202340 92 1,179 165 447 1,923 
Additions88 17 65 177 
Acquisitions— — — — 
Disposals and derecognition
— — (156)(51)(96)(303)
Exchange adjustments(32)(61)(51)(12)(26)(182)
31 December 202312 34 1,061 119 390 1,616 
Additions— 69 15 76 162 
Acquisitions— — — — — — 
Disposals and derecognition
(3)(4)(158)(58)(83)(306)
Reclassification
(64)64 — — — — 
Exchange adjustments91 48 (11)(7)125 
31 December 202436 144 961 69 387 1,597 
Depreciation and impairment
1 January 2023— 532 80 308 922 
Charge for the year— 70 25 69 165 
Impairment charges included within restructuring costs— — 52 56 
Disposals and derecognition
— — (145)(49)(94)(288)
Exchange adjustments— — (29)(14)(24)(67)
31 December 2023— 480 45 260 788 
Charge for the year— 65 23 67 156 
Impairment charges included within restructuring costs— — — — 
Disposals and derecognition
— (2)(120)(52)(80)(254)
Exchange adjustments— — 15 (9)(10)(4)
31 December 2024 2 442 7 237 688 
Net book value
31 December 202436 142 519 62 150 909 
31 December 202312 31 581 74 130 828 
1 January 202340 90 647 85 139 1,001 
At 31 December 2024, capital commitments contracted, but not provided for in respect of property, plant and equipment, were £14 million (2023: £38 million).