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INVESTMENTS IN JOINT VENTURES AND ASSOCIATES (Details) - Schedule of Investments in Joint Ventures and Associates - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Share of income statement amounts:      
Impairment charge £ (4,155) £ (1,296) £ (937)
Profit before tax 1,226 4,393 5,960
Tax credit (expense) (161) 1,387 1,454
Share of other comprehensive income 0 0 8
Joint ventures and associates      
Share of income statement amounts:      
Income 76 65 8
Expenses (89) (59) 1
Impairment charge 0 0 0
Profit before tax (13) 6 9
Tax credit (expense) 0 0 0
Share of post-tax results (13) 6 9
Share of other comprehensive income 0 0 8
Share of total comprehensive income (13) 6 17
Share of balance sheet amounts:      
Current assets 449 352  
Non-current assets 165 164  
Current liabilities (150) (35)  
Non-current liabilities (168) (177)  
Share of net assets at 31 December 296 304 91
Movement in investments over the year:      
At 1 January 304 91  
Acquisitions 0 1  
Establishment of joint venture 0 208  
Additional investments 16 0  
Repayment of capital (11) 0  
Dividends paid 0 (2)  
Associates      
Share of income statement amounts:      
Income 4 (1) 0
Expenses (11) 0 0
Impairment charge 0 0 0
Profit before tax (7) (1) 0
Tax credit (expense) 0 0 0
Share of post-tax results (7) (1) 0
Share of other comprehensive income 0 0 0
Share of total comprehensive income (7) (1) 0
Share of balance sheet amounts:      
Current assets 12 5  
Non-current assets 7 6  
Current liabilities (2) 0  
Non-current liabilities 0 0  
Share of net assets at 31 December 17 11 12
Movement in investments over the year:      
At 1 January 11 12  
Acquisitions 0 0  
Establishment of joint venture 0 0  
Additional investments 13 0  
Repayment of capital 0 0  
Dividends paid 0 0  
Joint ventures      
Share of income statement amounts:      
Income 72 66 8
Expenses (78) (59) 1
Impairment charge 0 0 0
Profit before tax (6) 7 9
Tax credit (expense) 0 0 0
Share of post-tax results (6) 7 9
Share of other comprehensive income 0 0 8
Share of total comprehensive income (6) 7 17
Share of balance sheet amounts:      
Current assets 437 347  
Non-current assets 158 158  
Current liabilities (148) (35)  
Non-current liabilities (168) (177)  
Share of net assets at 31 December 279 293 £ 79
Movement in investments over the year:      
At 1 January 293 79  
Acquisitions 0 1  
Establishment of joint venture 0 208  
Additional investments 3 0  
Repayment of capital (11) 0  
Dividends paid £ 0 £ (2)