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Disposals and business closures (Tables)
 12 Months Ended
Dec. 31, 2023
Text block [abstract]  
Schedule of Disposals Including Business Closures
The table below shows a summary of the assets and liabilities disposed of:
 
 
All figures in £ millions
           
 
   2023
    
 
   2022
    
 
   2021
  
Disposal of subsidiaries and associates
          
Intangible assets, including goodwill      
 
(53
) 
     (77 )      (3 ) 
Property, plant and equipment      
 
(5
) 
     (11 )      (48 ) 
Intangible assets – product development      
 
(15
) 
     (39 )      (6 ) 
Inventories      
 
(1
) 
     (33 )      (2 ) 
Trade and other receivables      
 
(65
) 
     (106 )      (6 ) 
Deferred tax      
 
8
 
     (12 )      –  
Current tax (receivable)/payable      
 
(2
) 
     –       –  
Cash and cash equivalents (excluding overdrafts)      
 
(12
) 
     (21 )      (24 ) 
Provisions for other liabilities and charges      
 
–
 
     1       3  
Retirement benefit obligations      
 
–
 
     2       –  
Trade and other liabilities      
 
31
 
     52       4  
Financial liabilities – borrowings   
 
 
 
   
 
–
 
     8       67  
Net assets disposed
      
 
(114
) 
  
 
(236
) 
  
 
(15
) 
Cumulative currency translation adjustment      
 
122
 
     5       (4 ) 
Cash proceeds      
 
1
 
     291       108  
Deferred proceeds      
 
12
 
     2       –  
Costs of disposal   
 
 
 
   
 
(30
) 
     (25 )      (24 ) 
(Loss)/gain on disposal
   
 
 
 
   
 
(9
) 
     37       65  
 
 
All figures in £ millions
           
 
   2023
    
 
   2022
    
 
   2021
  
Cash flow from disposals
          
Proceeds – current year disposals      
 
1
 
     291       108  
Proceeds – prior year disposals      
 
–
 
     86       16  
Cash and cash equivalents disposed      
 
(12
) 
     (21 )      (24 ) 
Costs and other disposal liabilities paid   
 
 
 
   
 
(27
) 
     (23 )      (17 ) 
Net cash (outflow)/inflow
   
 
 
 
   
 
(38
) 
     333       83