Business combinations (Tables)

12 Months Ended

Dec. 31, 2023

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Schedule of the Assets Acquired, and the Associated Consideration

All figures in £ millions	2023    Total			2022    Total			2021    Total
Intangible assets		117			110			27
Deferred tax asset		–			8			11
Trade and other receivables		8			8			2
Cash and cash equivalents		4			13			4
Trade and other liabilities		(7	)		(26	)		(5	)
Deferred tax liabilities		(31	)		(22	)		(6	)
Net assets acquired		91			91			33
Goodwill		61			204			43
Total		152			295			76
Satisfied by:
Cash consideration		152			223			54
Contingent or deferred consideration		–			41			16
Fair value of existing investment		–			31			6
Total consideration		152			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 relate to deferred payments for prior year acquisitions.

All figures in £ millions	2023    Total			2022    Total			2021    Total
Cash flow on acquisitions
Cash – current year acquisitions		(152	)		(223	)		(54	)
Cash and cash equivalents acquired		4			13			4
Deferred payments for prior year acquisitions and other items		(23	)		(18	)		(5	)
Net cash outflow		(171	)		(228	)		(55	)