Business and Non-Current Asset Disposals (Tables)

12 Months Ended

Dec. 31, 2021

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Summary of Business and Non-Current Asset Disposals

	Business disposals						Disposal of other non-current assets						Total
	2021 $m		2020 $m		2019 $m		2021 $m		2020 $m		2019 $m		2021 $m		2020 $m		2019 $m
Continuing operations
Assets/(liabilities) disposed of at net carrying amount:
- non-current assets		135		74		669		100		127		157		235		201		826
- cash and cash equivalents		31		7		50		-		-		-		31		7		50
- working capital and provisions		25		29		93		-		-		-		25		29		93
- current tax		-		-		(1)		-		-		-		-		-		(1)
- lease liabilities		(3)		(12)		(53)		(17)		(32)		(33)		(20)		(44)		(86)
- deferred tax		1		(3)		(3)		-		-		-		1		(3)		(3)
- retirement benefit obligations		(1)		(1)		(2)		-		-		-		(1)		(1)		(2)
- non-controlling interests		-		(6)		-		-		-		-		-		(6)		-
Net assets disposed		188		88		753		83		95		124		271		183		877
Reclassification of currency translation effects on disposal		29		13		263		-		-		-		29		13		263
Total		217		101		1,016		83		95		124		300		196		1,140
Proceeds from disposals (net of disposal costs)		295		77		787		124		128		164		419		205		951
Profit/(loss) on disposals from continuing operations		78		(24)		(229)		41		33		40		119		9		(189)
Discontinued operations
(Loss)/profit on disposals from discontinued operations (note 3)		-		-		(5)		-		-		3		-		-		(2)
Total Group profit/(loss) on disposals		78		(24)		(234)		41		33		43		119		9		(191)
Net cash inflow arising on disposal
Continuing operations
Proceeds from disposals from continuing operations		295		77		787		124		128		164		419		205		951
Less: cash and cash equivalents disposed		(31)		(7)		(50)		-		-		-		(31)		(7)		(50)
Less: deferred proceeds arising on disposal (note 19) (i)		(1)		(14)		(302)		-		-		-		(1)		(14)		(302)
Net cash inflow arising on disposal from continuing operations		263		56		435		124		128		164		387		184		599
Discontinued operations
Net cash inflow arising on disposal from discontinued operations		-		-		1,743		-		-		1		-		-		1,744
Total Group net cash inflow arising on disposal		263		56		2,178		124		128		165		387		184		2,343

(i) On 31 December 2019, CRH completed the sale of the Group’s 50% stake in its joint venture in India, My Home Industries Limited (MHIL), for deferred proceeds of $0.3 billion which will be received in several agreed tranches.