Classification of financial instruments (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Classification of Each Class of Financial Assets and their Carrying Values

The accounting classification of each class of the Group’s financial assets, and their carrying values, is as follows:


			2019										2018
			Fair value						Amortised cost				Fair value						Amortised cost
All figures in £ millions	Notes		FVOCI		FVTPL		Fair value – hedging instrument		Financial assets		Total carrying value		FVOCI		FVTPL		Fair value – hedging instrument		Financial assets		Total carrying value
Investments in unlisted securities		15		122		—		—		—		122		93		—		—		—		93
Cash and cash equivalents		17		—		—		—		437		437		—		—		—		568		568
Derivative financial instruments		16		—		6		48		—		54		—		4		64		—		68
Trade receivables		22		—		—		—		918		918		—		—		—		904		904
Other receivable				—		182		—		—		182		—		—		—		—		—
Trade receivables – within assets classified as held for sale				—		—		—		—		—		—		—		—		49		49

Total financial assets				122		188		48		1,355		1,713		93		4		64		1,521		1,682

Schedule of Accounting Classification of Class of Financial Liabilities, Together with their Carrying Values and Market Values

The accounting classification of each class of the Group’s financial liabilities, together with their carrying values and market values, is as follows:


			2019															2018
			Fair value						Amortised cost									Fair value					Amortised cost
All figures in £ millions	Notes		FVTPL			Fair value – hedging instrument			Other financial liabilities			Total carrying value			Total market value			FVTPL		Fair value – hedging instrument			Other financial liabilities			Total carrying value			Total market value
Derivative financial instruments		16		(7	)		(32	)		—			(39	)		(39	)		—		(59	)		—			(59	)		(59	)
Trade payables		24		—			—			(358	)		(358	)		(358	)		—		—			(311	)		(311	)		(311	)
Trade payables – within liabilities classified as held for sale				—			—			—			—			—			—		—			(22	)		(22	)		(22	)
Bank loans and overdrafts		18		—			—			(3	)		(3	)		(3	)		—		—			(43	)		(43	)		(43	)
Other borrowings due within one year		18		—			—			(89	)		(89	)		(89	)		—		—			(3	)		(3	)		(3	)
Borrowings due after more than one year		18		—			—			(1,572	)		(1,572	)		(1,574	)		—		—			(674	)		(674	)		(663	)

Total financial liabilities				(7	)		(32	)		(2,022	)		(2,061	)		(2,063	)		—		(59	)		(1,053	)		(1,112	)		(1,101	)

Schedule of Analysis of the Movements in Level 3 Fair Value Remeasurements

The following table analyses the movements in level 3 fair value remeasurements:


	2019								2018
All figures in £ millions	Other receivable		Investments in unlisted securities			Total			Investments in unlisted securities
At beginning of year		—		93			93			77
Exchange differences		1		(3	)		(2	)		4
Acquisition of investments and other receivable		181		12			193			13
Fair value movements		—		20			20			7
Disposal of investments		—		—			—			(8	)

At end of year		182		122			304			93