Disposals of subsidiaries (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure of Detailed Information about Amounts of Discontinued Operations included in Profit Explanatory


			£m
Goodwill			448
Intangible assets			60
Right of use assets			59
Cash and cash equivalents1			93
Trade and other receivables			106
Accrued income			24
Other assets			29
Total assets			819

Borrowings			(93)
Lease liabilities			(74)
Deferred income			(16)
Trade and other payables			(93)
Deferred tax liabilities			(33)
Other liabilities			(3)
Total liabilities			(312)

Net assets			507

Non-controlling interests			(100)
Net assets disposed			407

Consideration received1			613

Gain on disposal before income tax and reclassification of foreign currency translation reserve			206
Reclassification of foreign currency translation reserve			69
Gain on disposal before income tax			275
Income tax expense on gain			(79)
Gain on disposal after income tax			196

Note

1Consideration received less cash and cash equivalents disposed is included within 'Disposals of investments and subsidiaries' in investing activities in the consolidated cash flow statement.