INVESTMENTS IN JOINT VENTURES AND ASSOCIATES (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure of joint ventures [text block] [Abstract]

Disclosure of interests in associates [text block]

The Group’s share of results of, and investments in, equity accounted joint ventures and associates comprises:

	Joint ventures									Associates								Total
	2019 £m			2018 £m			2017 £m			2019 £m			2018 £m			2017 £m		2019 £m			2018 £m			2017 £m
Share of income statement amounts:
Income		66			8			(5	)		(1	)		–			4		65			8			(1	)
Expenses		(59	)		1			–			–			–			–		(59	)		1			–
Impairment		–			–			7			–			–			–		–			–			7
Profit (loss) before tax		7			9			2			(1	)		–			4		6			9			6
Tax		–			–			–			–			–			–		–			–			–
Share of post-tax results		7			9			2			(1	)		–			4		6			9			6
Share of other comprehensive income		–			8			–			–			–			–		–			8			–
Share of total comprehensive income		7			17			2			(1	)		–			4		6			17			6
Share of balance sheet amounts:
Current assets		347			27						5			15					352			42
Non-current assets		158			54						6			17					164			71
Current liabilities		(35	)		(2	)					–			(20	)				(35	)		(22	)
Non-current liabilities		(177	)		–						–			–					(177	)		–
Share of net assets at 31 December		293			79						11			12					304			91
Movement in investments over the year:
At 1 January		79			64						12			1					91			65
Exchange and other adjustments		–			–						–			1					–			1
Acquisitions		1			–						–			–					1			–
Establishment of joint venture (note 23)		208			–						–			–					208			–
Additional investments		–			12						–			11					–			23
Disposals		–			–						–			(1	)				–			(1	)
Share of post-tax results		7			9						(1	)		–					6			9
Share of other comprehensive income		–			8						–			–					–			8
Dividends paid		(2	)		(14	)					–			–					(2	)		(14	)
Share of net assets at 31 December		293			79						11			12					304			91