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INVESTMENTS IN JOINT VENTURES AND ASSOCIATES - Schedule of Investments in Joint Ventures and Associates (Details) - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Share of income statement amounts:      
Profit before tax £ 6,928 £ 6,902 [1] £ 1,226 [1]
Tax (expense) credit (1,373) (1,017) 161
Movement in investments over the year:      
Exchange and other adjustments (88) 39 (17)
Joint ventures and associates      
Share of income statement amounts:      
Income 115 94 76
Expenses (105) (91) (89)
Underlying impairment (charge) credit 0 0 0
Profit before tax 10 3 (13)
Tax (expense) credit 0 (1) 0
Share of post-tax results 10 2 (13)
Share of other comprehensive income 0 0 0
Share of total comprehensive income 10 2 (13)
Share of balance sheet amounts:      
Current assets 382 444  
Non-current assets 230 181  
Current liabilities (108) (147)  
Non-current liabilities (119) (126)  
Share of net assets at 31 December 385 352 296
Movement in investments over the year:      
At 1 January 352 296  
Exchange and other adjustments (23) 0  
Additional investments 95 54  
Repayment of capital (36) 0  
Share of post-tax results 10 2 (13)
Dividends paid (13) 0  
Share of net assets at 31 December 385 352 296
Associates      
Share of income statement amounts:      
Income 7 4 4
Expenses (20) (11) (11)
Underlying impairment (charge) credit 0 0 0
Profit before tax (13) (7) (7)
Tax (expense) credit 0 0 0
Share of post-tax results (13) (7) (7)
Share of other comprehensive income 0 0 0
Share of total comprehensive income (13) (7) (7)
Share of balance sheet amounts:      
Current assets 58 23  
Non-current assets 3 12  
Current liabilities (11) (5)  
Non-current liabilities 0 0  
Share of net assets at 31 December 50 30 17
Movement in investments over the year:      
At 1 January 30 17  
Exchange and other adjustments (6) 0  
Additional investments 39 20  
Repayment of capital 0 0  
Share of post-tax results (13) (7) (7)
Dividends paid 0 0  
Share of net assets at 31 December 50 30 17
Joint ventures      
Share of income statement amounts:      
Income 108 90 72
Expenses (85) (80) (78)
Underlying impairment (charge) credit 0 0 0
Profit before tax 23 10 (6)
Tax (expense) credit 0 (1) 0
Share of post-tax results 23 9 (6)
Share of other comprehensive income 0 0 0
Share of total comprehensive income 23 9 (6)
Share of balance sheet amounts:      
Current assets 324 421  
Non-current assets 227 169  
Current liabilities (97) (142)  
Non-current liabilities (119) (126)  
Share of net assets at 31 December 335 322 279
Movement in investments over the year:      
At 1 January 322 279  
Exchange and other adjustments (17) 0  
Additional investments 56 34  
Repayment of capital (36) 0  
Share of post-tax results 23 9 (6)
Dividends paid (13) 0  
Share of net assets at 31 December £ 335 £ 322 £ 279
[1] 1    Restated, see page F-16.