Classification of financial instruments (Tables)

12 Months Ended

Dec. 31, 2021

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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:

			2021										2020
			Fair value						Amortised cost				Fair value						Amortised cost
All figures in £ millions	Notes		Fair value through other comprehensive income		Fair value through profit and loss		Fair value – hedging instrument		Financial assets		Total carrying value		Fair value through other comprehensive income		Fair value through profit and loss		Fair value – hedging instrument		Financial assets		Total carrying value
Investments in unlisted securities		15		113		—		—		—		113		138		—		—		—		138
Cash and cash equivalents		17		—		84		—		853		937		—		93		—		1,004		1,097
Derivative financial instruments		16		—		—		32		—		32		—		2		61		—		63
Trade receivables		22		—		—		—		854		854		—		—		—		803		803
Investment in finance lease receivable		22		—		—		—		115		115		—		—		—		130		130
Other receivable				—		87		—		—		87		—		96		—		—		96
Total financial assets				113		171		32		1,822		2,138		138		191		61		1,937		2,327

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: 

			2021															2020
			Fair value						Amortised cost									Fair value						Amortised cost
All figures in £ millions	Notes		Fair value through profit and loss			Fair value – hedging instrument			Other financial liabilities			Total carrying value			Total market value			Fair value through profit and loss			Fair value – hedging instrument			Other financial liabilities			Total carrying value			Total market value
Derivative financial instruments		16		(12	)		(22	)		—			(34	)		(34	)		(30	)		(22	)		—			(52	)		(52	)
Trade payables		24		—			—			(351	)		(351	)		(351	)		—			—			(340	)		(340	)		(340	)
Bank loans and overdrafts		18		—			—			—			—			—			—			—			(3	)		(3	)		(3	)
Other borrowings due within one year		18		—			—			(155	)		(155	)		(155	)		—			—			(251	)		(251	)		(249	)
Borrowings due after more than one year		18		—			—			(1,245	)		(1,245	)		(1,276	)		—			—			(1,397	)		(1,397	)		(1,451	)
Total financial liabilities				(12	)		(22	)		(1,751	)		(1,785	)		(1,816	)		(30	)		(22	)		(1,991	)		(2,043	)		(2,095	)

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

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

	2021									2020
All figures in £ millions	Other receivable			Investments in unlisted securities			Total			Total
At beginning of year		96			138			234			304
Exchange differences		1			1			2			(11	)
Acquisition of investments and other receivable		—			4			4			6
Disposal of investments and other payables		(16	)		(54	)		(70	)		(105	)
Fair value movements		6			24			30			40
At end of year		87			113			200			234