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Associates and joint ventures (Tables)
12 Months Ended
Dec. 31, 2024
Disclosure Of Associates And Joint Ventures [Abstract]  
Schedule of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method
2024
2023
2022
Total
£m
Group’s
share
£m
Total
£m
Group's share
£m
Total
£m
Group's share
£m
Revenue
9,936
2,635
9,412
2,630
9,486
2,675
Profit from operations
2,662
715
2,596
783
1,971
622
Net finance income
5
2
15
4
21
4
Profit on ordinary activities
before taxation
2,667
717
2,611
787
1,992
626
Taxation on ordinary activities
(639)
(172)
(664)
(194)
(595)
(176)
Profit on ordinary activities after taxation
2,028
545
1,947
593
1,397
450
Non-controlling interests
(27)
(6)
(28)
(8)
(27)
(8)
Post-tax results of associates and joint
ventures
2,001
539
1,919
585
1,370
442
Gain from partial divestment of shares in
ITC
1,361
Total post-tax results of associates and
joint ventures
2,001
1,900
1,919
585
0
1,370
442
Summary of Group's Share of the Result of Associates and Joint Ventures The Group’s share of the results of associates and joint ventures (excluding the gain from partial divestment of shares in ITC) is shown
in the table below.
2024
2023
2022
Group’s
share
£m
Group’s
share
£m
Group’s
share
£m
Profit on ordinary activities after taxation
– attributable to owners of the parent
539
585
442
Other comprehensive income:
Items that may be reclassified to profit and loss
(13)
(107)
6
Items that will not be reclassified to profit and loss
33
(5)
19
Total comprehensive income
559
473
467
Summary of Financial Information of the Group's Associates and Joint Ventures Summarised financial information of the Group’s associates and joint ventures is shown below.
2024
ITC
£m
Others
£m
Total
£m
Revenue
7,265
2,671
9,936
Profit on ordinary activities before taxation
2,680
(13)
2,667
Post-tax results of associates and joint ventures
2,025
(24)
2,001
Other comprehensive income
98
(15)
83
Total comprehensive income
2,123
(39)
2,084
2023
ITC
£m
Others
£m
Total
£m
Revenue
6,805
2,607
9,412
Profit on ordinary activities before taxation
2,813
(202)
2,611
Post-tax results of associates and joint ventures
2,121
(202)
1,919
Other comprehensive loss
(368)
(20)
(388)
Total comprehensive income
1,753
(222)
1,531
2022
ITC
£m
Others
£m
Total
£m
Revenue
7,126
2,360
9,486
Profit on ordinary activities before taxation
2,395
(403)
1,992
Post-tax results of associates and joint ventures
1,761
(391)
1,370
Other comprehensive income
56
32
88
Total comprehensive income
1,817
(359)
1,458