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Consolidated statement of changes in equity - GBP (£)
£ in Millions
Total
Total equity shareholders’ funds
Called-up share capital
Share premium account
Other reserves
Own shares
Retained earnings
 [1]
Non- controlling interests
Beginning balance at Dec. 31, 2021 £ 4,068 £ 3,615 £ 122 £ 575 £ (336) £ (1,112) £ 4,366 £ 453
Profit for the year 775 683         683 92
Other comprehensive income (loss) 321 305     299   6 16
Total comprehensive income/(loss) for the year 1,096 988     299   689 108
Dividends paid (435) (365)         (365) (70)
Ordinary shares issued 1 1   1        
Share cancellations (807) (807) (8)   8   (807)  
Non-cash share-based incentive plans (including share options) 122 122         122  
Tax on share-based payments (9) (9)         (9)  
Net movement in own shares held by ESOP Trusts (55) (55)       58 (113)  
Net derecognition of liabilities in respect of put options 62 62     102   (40)  
Share purchases - close period commitments [2] 212 212     212      
Net movement in non-controlling interests [3] (95) (83)         (83) (12)
Total transactions with owners (1,004) (922) (8) 1 322 58 (1,295) (82)
Ending balance at Dec. 31, 2022 4,160 3,681 114 576 285 (1,054) 3,760 479
Profit for the year 197 110         110 87
Other comprehensive income (loss) (329) (306)     (296)   (10) (23)
Total comprehensive income/(loss) for the year (132) (196)     (296)   100 64
Dividends paid (524) (423)         (423) (101)
Ordinary shares issued 1 1   1        
Treasury shares used for share option schemes 0         55 (55)  
Non-cash share-based incentive plans (including share options) 140 140         140  
Tax on share-based payments 2 2         2  
Net movement in own shares held by ESOP Trusts (54) (54)       9 (63)  
Net derecognition of liabilities in respect of put options [4] 228 228     198   30  
Net movement in non-controlling interests [3] 12 (3)         (3) 15
Total transactions with owners (195) (109)   1 198 64 (372) (86)
Ending balance at Dec. 31, 2023 3,833 3,376 114 577 187 (990) 3,488 457
Profit for the year 629 542         542 87
Other comprehensive income (loss) (62) (60)     (58)   (2) (2)
Total comprehensive income/(loss) for the year 567 482     (58)   540 85
Dividends paid (492) (425)         (425) (67)
Ordinary shares issued 2 2   2        
Share cancellations [5] 0   (5)   5 743 (743)  
Treasury shares used for share option schemes 0         57 (57)  
Non-cash share-based incentive plans (including share options) 81 81         81  
Tax on share-based payments 1 1         1  
Net movement in own shares held by ESOP Trusts (82) (82)     (8) (1) (73)  
Net derecognition of liabilities in respect of put options 42 42     25   17  
Net movement in non-controlling interests [3] (218) (2)         (2) (216)
Total transactions with owners (666) (383) (5) 2 22 799 (1,201) (283)
Ending balance at Dec. 31, 2024 £ 3,734 £ 3,475 £ 109 £ 579 £ 151 £ (191) £ 2,827 £ 259
[1] Accumulated losses on existing equity investments held at fair value through other comprehensive income are £354 million at 31 December 2024 (2023: £347 million, 2022: £344 million).
[2] During 2021, the Company entered into an arrangement with a third party to conduct share buybacks on its behalf in the close period commencing on 16 December 2021 and ending on 18 February 2022, in accordance with UK listing rules. The commitment resulting from this agreement constituted a liability at 31 December 2021 and was recognised as a movement other reserves in the year ended 31 December 2021. After the close period ended on 18 February 2022, the liability was settled and the amount in other reserves was reclassified to retained earnings.
[3] Net movement in non-controlling interests represents movements in retained earnings and non-controlling interests arising from changes in ownership of existing subsidiaries, recognition of non-controlling interests on new acquisitions and derecognition of non-controlling interests on disposals of subsidiaries, including FGS Global.
[4] During 2023, WPP sold a portion of its ownership of FGS Global to KKR. As part of this transaction, the previous put option granted to management shareholders was derecognised.
[5]
5In December 2024, WPP cancelled 50,367,570 treasury shares.