Reconciliation of (loss)/profit for the year to cash flow from operations before contract acquisition costs (Tables)

12 Months Ended

Dec. 31, 2020

Text block [abstract]

Summary of Reconciliation of (Loss)/Profit for the Year to Cash Flow From Operations Before Contract Acquisition Costs

	2020 $m			2019a $m			2018a $m
(Loss)/profit for the year		(260	)		386			350
Adjustments for:
Net financial expenses		140			115			96
Fair value (gains)/losses on contingent purchase consideration		(13	)		(27	)		4
Tax (credit)/charge (note 8)		(20	)		156			132
Depreciation and amortisation		110			116			115
System Fund depreciation and amortisation		62			54			49
Impairment loss on financial assets		88			8			17
System Fund impairment loss on financial assets		24			12			11
Other impairment charges (note 6)		226			131			—
System Fund other impairment charges		41			—			—
Other operating exceptional items (note 6)		(4	)		55			104
System Fund other operating exceptional items (note 6)		20			28			47
Share of losses of associates and joint ventures		14			3			1
System Fund share of losses of associates and joint ventures		1			—			—
Share-based payments cost		32			42			38
Dividends from associates and joint ventures		2			7			5
Decrease in inventories		1			—			—
Decrease/(increase) in trade and other receivables		38			(70	)		(71	)
Increase in contract costs		(2	)		(11	)		(3	)
Increase in deferred revenue		1			57			141
(Decrease)/increase in trade and other payables		(69	)		(63	)		11
Utilisation of provisions, net of charge, excluding exceptional items		16			7			(6	)
Retirement benefit contributions, net of costs		(3	)		(3	)		(12	)
Cash flows relating to exceptional items		(87	)		(55	)		(137	)
Contract assets deduction in revenue		25			21			19
Other movements in contract assets		(7	)		(1	)		3
Other items		(4	)		—			—
Total adjustments		632			582			564
Cash flow from operations before contract acquisition costs		372			968			914

a Amended for presentational changes, see page 134.