XML 332 R58.htm IDEA: XBRL DOCUMENT v3.25.0.1
Investment in associates and joint ventures (Tables)
 12 Months Ended
Dec. 31, 2024
Statement [Line Items]  
Investment in Associates and Joint Ventures
 
        
    2024
$m
             2023
$m		  
Cost
                    
At 1 January    
101
      89  
Additions
    
6
      3  
Share of profits
a
   
10
      13  
System Fund share of losses    
(2
) 
       (3 ) 
Dividends and distributions    
(7
) 
       (1 ) 
         
At 31 December
    
108
      101  
Impairment
                    
At 1 January    
(53
) 
       (53 ) 
Impairment charge    
(4
) 
       –  
At 31 December
    
(57
) 
       (53 ) 
                     
Net book value
    
51
      48  
                     
Analysed as:                    
Barclay associate
    
7
      3  
Other associates
    
39
      43  
Joint ventures
    
5
      2  
     
51
      48  
 
a.
In 2023 and 2022, the total share of profits/(losses) from associates and joint ventures in the Group income statement included $18m gain and $18m loss, respectively, due to the liability recognised in 2022 and its subsequent reversal (see note
6
). In 2022, $42m was included within exceptional items in addition to the $18m.
Summary of Financial Information of Material Associate Investment
Summarised financial information in respect of the Barclay associate is set out below:
 
        
    2024
$m
        
    2023
$m
  
Non-current
assets
    
449
   
462
Current assets
    
112
   
86
Current liabilities
    
(21
) 
    
(23
) 
Non-current
liabilities
    
(236
) 
    
(256
) 
Net assets
    
304
   
269
Group’s share of reported net assets at 19.9%
    
60
   
53
Adjustments to reflect impairment, capitalised costs and additional rights and obligations under the shareholder agreement
    
(11
)
    
(8
) 
Effect of specially allocated expenses (note
6
)
    
(42
) 
    
(42
) 
Carrying amount
    
7
   
3
        
    2024
$m
        
    2023
$m
  
Revenue
    
130
   
131
Profit from continuing operations and total comprehensive income for the year
    
15
   
15
Group’s share of profit for the year
a
   
4
   
3
 
a.
Includes specially allocated expenses and the cost of funding owner returns.