Business combinations (Tables)

12 Months Ended

Dec. 31, 2022

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Schedule of the Assets Acquired, and the Associated Consideration

All figures in £ millions	2022 Credly			2022 Mondly			2022 Other			2022 Total			2021 Total			2020 Total
Intangible assets		49			50			11			110			27			–
Deferred tax asset		7			1			–			8			11			–
Trade and other receivables		6			2			–			8			2			–
Cash and cash equivalents		12			1			–			13			4			–
Trade and other liabilities		(18	)		(8	)		–			(26	)		(5	)		–
Deferred tax liabilities		(12	)		(8	)		(2	)		(22	)		(6	)		–
Net assets acquired		44			38			9			91			33			–
Goodwill		105			97			2			204			43			–
Total		149			135			11			295			76			–
Satisfied by:
Cash consideration		107			105			11			223			54			–
Contingent or deferred consideration		11			30			–			41			16			–
Fair value of existing investment		31			–			–			31			6			–
Total consideration		149			135			11			295			76			–

Schedule of Cash Flow on Acquisitions

The net cash outflows related to the acquisitions are set out in the table below. In addition to the current year acquisitions, the other net cash outflows on acquisition of subsidiaries in 2022 and 2021 relate to deferred payments for prior year acquisitions.

All figures in £ millions	2022 Total			2021 Total			2020 Total
Cash flow on acquisitions
Cash – current year acquisitions		(223	)		(54	)		–
Cash and cash equivalents acquired		13			4			–
Deferred payments for prior year acquisitions and other items		(10	)		(4	)		(6	)
Acquisition costs paid		(8	)		(1	)		–
Net cash outflow		(228	)		(55	)		(6	)