XML 376 R59.htm IDEA: XBRL DOCUMENT v3.22.4
Investment in associates (Tables)
 12 Months Ended
Dec. 31, 2022
Statement [Line Items]  
Investment in Associates and Joint Ventures
            
        2022
$m
           
        2021
$m
  
Cost
            
 
 
 
           
 
 
 
At 1 January
            
 
132
 
           
 
136
 
Additions
            
 
1
 
           
 
4
 
Share of profits/(losses)
a
           
 
(41
) 
           
 
(8
) 
System Fund share of losses
            
 
(1
) 
           
 
(2
) 
Dividends and distributions
            
 
(1
) 
           
 
–
 
Exchange and other adjustments
            
 
(1
) 
           
 
2
 
At 31 December
            
 
89
 
           
 
132
 
Impairment
            
 
 
 
           
 
 
 
At 1 January
            
 
(55
) 
           
 
(55
) 
Impairment reversal
            
 
2
 
           
 
–
 
At 31 December
            
 
(53
) 
           
 
(55
) 
         
Net book value
            
 
36
 
           
 
77
 
         
Analysed as:
            
 
 
 
           
 
 
 
Material associates
            
 
–
 
           
 
42
 
Other associates
            
 
36
 
           
 
35
 
 
            
 
36
 
           
 
77
 
 
a
 
In 2022, comprises $42m losses presented as exceptional (note 6) and $1m share of profits from other associates. The total share of losses in the Group income statement includes a further $18m recognised as a liability within other payables (note 19).
Summary of Financial Information of Material Associate Investment
Summarised financial information in respect of the Barclay associate is set out below:
 
  
  
 
 
  
        2022
$m
 
 
 
 
  
        2021
$m
 
Non-current
assets
            
 
472
 
           
 
485
 
Current assets
            
 
64
 
           
 
38
 
Current liabilities
            
 
(33
) 
           
 
(32
) 
Non-current
liabilities
            
 
(250
) 
           
 
(246
) 
Net assets
            
 
253
 
           
 
245
 
Group share of reported net assets at 19.9%
            
 
50
 
           
 
49
 
Adjustments to reflect impairment, capitalised costs, and additional rights and obligations under the shareholder agreement
            
 
(8
) 
           
 
(7
) 
Effect of specially allocated expenses (note 6)
            
 
(42
) 
           
 
–
 
Carrying amount
            
 
–
 
           
 
42
 
  
  
 
 
  
        2022
$m
 
 
 
 
  
        2021
$m
 
Revenue
            
 
106
 
           
 
42
 
Profit/(loss) from continuing operations and total comprehensive income/(loss) for the year
            
 
8
 
           
 
(24
) 
Group’s share of profit/(loss) for the year
a
           
 
(42
) 
           
 
(5
) 
 
a
 
Includes specially allocated expenses and the cost of funding owner returns.
Summarised Aggregated Financial Information for Individually Immaterial Associates and Joint Ventures
Other associates
 
        
Associates
           
Joint ventures
  
         
        2022
$m
           
        2021
$m
           
        2020
$m
           
        2022
$m
           
        2021
$m
           
        2020
$m
  
Profits/(losses) from continuing operations and total comprehensive income/(loss) for the year
       
 
1
 
           
 
(3
) 
           
 
(3
) 
           
 
–
 
           
 
–
 
           
 
2