v3.26.1
Unaudited condensed consolidated interim balance sheet - GBP (£)
£ in Millions
Jun. 30, 2026
Dec. 31, 2025
Non-current assets    
Goodwill £ 7,044 £ 6,946
Other intangible assets 746 734
Property, plant and equipment 676 724
Right-of-use assets 1,268 1,317
Interests in associates 197 231
Other investments 328 334
Deferred tax assets 304 292
Corporate income tax recoverable 70 55
Trade and other receivables 271 272
Non-current assets 10,904 10,905
Current assets    
Corporate income tax recoverable 131 124
Trade and other receivables 7,184 7,279
Accrued income and unbilled media 2,993 3,073
Cash and cash equivalents as presented in the consolidated balance sheet 2,363 2,694
Current assets 12,671 13,170
Current liabilities    
Trade and other payables (12,580) (13,409)
Corporate income tax payable (180) (221)
Lease liabilities (228) (223)
Borrowings (1,479) (822)
Provisions for liabilities and charges (171) (160)
Current liabilities (14,638) (14,835)
Net current liabilities (1,967) (1,665)
Non-current liabilities    
Borrowings (3,866) (4,114)
Trade and other payables (195) (208)
Deferred tax liabilities (148) (146)
Employee benefit obligations (127) (128)
Provisions for liabilities and charges (204) (199)
Lease liabilities (1,609) (1,673)
Non-current liabilities (6,149) (6,468)
Net assets 2,788 2,772
Equity    
Called-up share capital 109 109
Share premium account 579 579
Other reserves (32) (12)
Own shares (190) (188)
Retained earnings 2,136 2,052
Equity shareholders’ funds 2,602 2,540
Non-controlling interests 186 232
Total equity £ 2,788 £ 2,772