XML 185 R12.htm IDEA: XBRL DOCUMENT v3.24.0.1
Net finance costs
 12 Months Ended
Dec. 31, 2023
Text block [abstract]  
Net finance costs
6. Net finance costs
 
               
               
               
               
 
All figures in £ millions
   
 
Notes
     
 
2023
    
 
2022
    
 
2021
  
 
Interest payable on financial liabilities at amortised cost and associated derivatives
      
 
(34
) 
  
 
(32
) 
  
 
(30
) 
Interest on lease liabilities
   
 
35
 
   
 
(23
) 
  
 
(25
) 
  
 
(27
) 
 
Interest on deferred and contingent consideration
      
 
(4
) 
  
 
(5
) 
  
 
–
 
 
Interest on provisions for uncertain tax positions
      
 
–
 
  
 
(7
) 
  
 
(11
) 
 
Fair value movement on derivatives
   
 
 
 
   
 
(20
) 
  
 
(2
) 
  
 
–
 
Finance costs
   
 
 
 
   
 
(81
) 
  
 
(71
) 
  
 
(68
) 
 
Interest receivable on financial assets at amortised cost
      
 
16
 
  
 
18
 
  
 
5
 
 
Interest on lease receivables
   
 
35
 
   
 
4
 
  
 
5
 
  
 
6
 
 
Net finance income in respect of retirement benefits
   
 
25
 
   
 
26
 
  
 
9
 
  
 
4
 
 
Fair value remeasurement of disposal proceeds
      
 
–
 
  
 
–
 
  
 
6
 
 
Fair value movements on investments held at fair value
   
 
15
 
   
 
13
 
  
 
28
 
  
 
20
 
 
Net foreign exchange gains
      
 
3
 
  
 
1
 
  
 
1
 
 
Interest on provisions for uncertain tax positions
      
 
4
 
  
 
35
 
  
 
–
 
 
Fair value movement on derivatives
   
 
 
 
   
 
10
 
  
 
27
 
  
 
20
 
Finance income
   
 
 
 
   
 
76
 
  
 
123
 
  
 
62
 
Net finance (costs)/income
   
 
 
 
   
 
(5
) 
  
 
52
 
  
 
(6
) 
Net movement in the fair value of hedges is further explained in note 16. Derivatives not in a hedge relationship include fair value movements in the interest rate and cross-currency interest rate swaps.