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Consolidated Statement of Financial Position - GBP (£)
£ in Millions
Dec. 31, 2023
Dec. 31, 2022
Non-current assets    
Goodwill £ 8,023 £ 8,388
Intangible assets 3,238 3,524
Investments in joint ventures and associates 178 159
Other investments 97 127
Property, plant and equipment 99 126
Right-of-use assets 113 145
Other receivables 1 5
Deferred tax assets 128 146
Net pension assets 119 129
Derivative financial instruments 47 11
Non-current assets 12,043 12,760
Current assets    
Inventories and pre-publication costs 318 309
Trade and other receivables 2,323 2,405
Derivative financial instruments 34 21
Cash and cash equivalents 155 334
Current assets other than assets held for sale 2,830 3,069
Assets held for sale 44  
Current assets 2,874 3,069
Total assets 14,917 15,829
Current liabilities    
Trade and other payables 3,971 4,017
Derivative financial instruments 16 33
Debt 1,313 870
Taxation 163 249
Provisions 13 18
Current liabilities other than liabilities associated with assets held for sale 5,476 5,187
Liabilities associated with assets held for sale 14  
Current liabilities 5,490 5,187
Non-current liabilities    
Derivative financial instruments 131 236
Debt 5,184 5,860
Deferred tax liabilities 473 590
Net pension obligations 182 184
Other payables 11 3
Provisions 7 15
Non-current liabilities 5,988 6,888
Total liabilities 11,478 12,075
Net assets 3,439 3,754
Capital and reserves    
Share capital 275 279
Share premium 1,558 1,517
Shares held in treasury (553) (414)
Translation reserve 392 677
Other reserves 1,788 1,717
Shareholders' equity 3,460 3,776
Non-controlling interests (21) (22)
Total equity £ 3,439 £ 3,754