v3.25.2
Group Balance Sheet - GBP (£)
£ in Millions
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2024
Assets      
Intangible assets £ 86,223 £ 94,276 £ 94,700
Property, plant and equipment 4,159 4,379 4,427
Investments in associates and joint ventures 1,533 1,902 1,937
Retirement benefit assets 841 937 940
Deferred tax assets 2,434 2,573 953
Trade and other receivables 283 282 318
Investments held at fair value 737 146 122
Derivative financial instruments 141 110 100
Total non-current assets 96,351 104,605 103,497
Inventories 5,088 4,616 5,334
Income tax receivable 108 67 100
Trade and other receivables 3,475 3,604 3,637
Investments held at fair value 489 513 696
Derivative financial instruments 302 186 159
Cash and cash equivalents 4,404 5,297 5,934
Total current assets other than non-current assets classified as held for sale 13,866 14,283 15,860
Assets classified as held-for-sale 9 11 12
Total current assets 13,875 14,294 15,872
Total assets 110,226 118,899 119,369
Equity – capital and reserves      
Share capital 581 585 589
Share premium, capital redemption and merger reserves 26,671 26,665 26,659
Other reserves (5,057) (902) (847)
Retained earnings 22,994 21,610 26,025
Owners of the parent 45,189 47,958 52,426
Perpetual hybrid bonds 1,685 1,685 1,685
Non-controlling interests 303 352 358
Total equity 47,177 49,995 54,469
Liabilities      
Non-current borrowings 31,904 32,638 32,852
Retirement benefit liabilities 769 820 852
Deferred tax liabilities 10,432 11,679 11,878
Other provisions for liabilities 3,212 4,071 271
Trade and other payables 586 685 788
Derivative financial instruments 150 268 217
Total non-current liabilities 47,053 50,161 46,858
Current borrowings 3,304 4,312 7,306
Income tax payable 1,172 1,681 1,184
Other provisions for liabilities 3,089 3,044 416
Trade and other payables 8,243 9,550 9,017
Derivative financial instruments 188 156 119
Current liabilities 15,996 18,743 18,042
Total equity and liabilities £ 110,226 £ 118,899 £ 119,369