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Analysis of cash flows (Details) - GBP (£)
£ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Analysis of cash flows [Abstract]    
Profit for the period £ 70 £ 246
Taxation 28 92
Revaluation and retranslation of financial instruments 11 (35)
Finance costs 178 210
Finance and investment income (49) (74)
Earnings from associates (17) (16)
Operating profit 221 423
Adjustments for:    
Non-cash share-based incentive plans (including share options) 41 56
Depreciation of property, plant and equipment 82 81
Depreciation of right-of-use assets 101 110
Goodwill impairment 116 0
Impairment of investments in associates 0 23
Property-related impairment charges 5 4
Amortisation and impairment of acquired intangible assets 32 57
Amortisation of other intangible assets 20 14
Gains on disposal of investments and subsidiaries (2) (8)
Gains on sale of property, plant and equipment 0 (2)
Operating cash flow before movements in working capital and provisions 616 758
Decrease in trade receivables and accrued income 375 430
Decrease in trade payables and deferred income (1,303) (1,055)
Increase in other receivables (219) (109)
Decrease in other payables (186) (337)
(Decrease) / increase in provisions (15) 15
Cash used by operations (732) (298)
Corporation and overseas tax paid (168) (168)
Interest paid on lease liabilities (50) (47)
Other interest and similar charges paid (117) (118)
Interest received 24 69
Investment income 5 5
Dividends from associates 15 18
Earnout payments recognised in operating activities (13) (1)
Net cash outflow from operating activities [1] £ (1,036) £ (540)
[1] Contingent consideration liability payments in excess of the amount determined at acquisition are recorded as operating activities.