Disposals and business closures (Tables)

12 Months Ended

Dec. 31, 2021

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Schedule of Disposals Including Business Closures

All figures in £ millions	Notes		2021			2020			2019
Disposal of subsidiaries and associates
Intangible assets				(3	)		—			(101	)
Property, plant and equipment				(48	)		—			—
Investments in joint ventures and associates				—			(418	)		—
Intangible assets – product development				(6	)		—			(238	)
Inventories				(2	)		—			(64	)
Trade and other receivables				(6	)		—			(70	)
Cash and cash equivalents (excluding overdrafts)				(24	)		—			(104	)
Net deferred income tax assets				—			—			(100	)
Provisions for other liabilities and charges				3			—			—
Trade and other liabilities				4			—			520
Financial liabilities – borrowings				67			—			—
Cumulative currency translation adjustment		29		(4	)		70			(4	)
Net assets disposed				(19	)		(348	)		(161	)
Cash proceeds				108			531			20
Deferred proceeds				—			—			180
Costs of disposal				(24	)		1			(23	)
Gain on disposal				65			184			16

All figures in £ millions	2021			2020			2019
Cash flow from disposals
Proceeds – current year disposals		108			531			20
Proceeds – prior year disposals		16			105			—
Cash and cash equivalents disposed		(24	)		—			(104	)
Costs and other disposal liabilities paid		(17	)		(5	)		(17	)
Net cash inflow		83			631			(101	)
Analysed as:
Cash inflow from sale of subsidiaries		83			100			(101	)
Cash inflow from disposal of joint ventures and associates		—			531			—