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INVESTMENTS IN JOINT VENTURES AND ASSOCIATES - Schedule of Investments in Joint Ventures and Associates (Details) - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Share of income statement amounts:      
Profit before tax £ 6,902 £ 1,226 £ 4,393
Tax (expense) credit (1,017) 161 (1,387)
Joint ventures and associates      
Share of income statement amounts:      
Income 94 76 65
Expenses (91) (89) (59)
Underlying impairment credit 0 0 0
Profit before tax 3 (13) 6
Tax (expense) credit (1) 0 0
Share of post-tax results 2 (13) 6
Share of other comprehensive income 0 0 0
Share of total comprehensive income 2 (13) 6
Share of balance sheet amounts:      
Current assets 444 449  
Non-current assets 181 165  
Current liabilities (147) (150)  
Non-current liabilities (126) (168)  
Share of net assets at 31 December 352 296 304
Movement in investments over the year:      
At 1 January 296 304  
Additional investments 54 16  
Repayment of capital 0 (11)  
Share of net assets at 31 December 352 296 304
Associates      
Share of income statement amounts:      
Income 4 4 (1)
Expenses (11) (11) 0
Underlying impairment credit 0 0 0
Profit before tax (7) (7) (1)
Tax (expense) credit 0 0 0
Share of post-tax results (7) (7) (1)
Share of other comprehensive income 0 0 0
Share of total comprehensive income (7) (7) (1)
Share of balance sheet amounts:      
Current assets 23 12  
Non-current assets 12 7  
Current liabilities (5) (2)  
Non-current liabilities 0 0  
Share of net assets at 31 December 30 17 11
Movement in investments over the year:      
At 1 January 17 11  
Additional investments 20 13  
Repayment of capital 0 0  
Share of net assets at 31 December 30 17 11
Joint ventures      
Share of income statement amounts:      
Income 90 72 66
Expenses (80) (78) (59)
Underlying impairment credit 0 0 0
Profit before tax 10 (6) 7
Tax (expense) credit (1) 0 0
Share of post-tax results 9 (6) 7
Share of other comprehensive income 0 0 0
Share of total comprehensive income 9 (6) 7
Share of balance sheet amounts:      
Current assets 421 437  
Non-current assets 169 158  
Current liabilities (142) (148)  
Non-current liabilities (126) (168)  
Share of net assets at 31 December 322 279 293
Movement in investments over the year:      
At 1 January 279 293  
Additional investments 34 3  
Repayment of capital 0 (11)  
Share of net assets at 31 December £ 322 £ 279 £ 293