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Other financial assets
 12 Months Ended
Dec. 31, 2021
Text block [abstract]  
Other financial assets
15. Other financial assets
 
All figures in £ millions
   
2021
      2020  
At beginning of year
   
 
138
 
      122  
Exchange differences
   
 
1
 
      (4 ) 
Acquisition of investments
   
 
4
 
      6  
Disposal of investments
   
 
(54
) 
      —    
Fair value movements
   
 
24
 
      14  
    
 
 
     
 
 
  
At end of year
   
 
113
 
      138  
    
 
 
     
 
 
  
 
 
Other financial assets are unlisted securities of £113m (2020: £138m)
that are classified at fair value through other comprehensive income (FVOCI). The assets, which are not held for trading, relate to the Group’s interests in new and innovative educational ventures across the world. These are strategic investments and the Group considers the classification as FVOCI to be more relevant. None of the investments are individually significant to the financial statements and therefore sensitivities have not been provided.