v3.26.1
Other investments
 12 Months Ended
Jun. 30, 2026
Disclosure Of Noncurrent Investments Other Than Investments Accounted For Using Equity Method [Abstract]  
Other investments 13. Other investments
Accounting policies
Loans receivable are non-derivative financial assets that are not
classified as equity investments. They are subsequently measured either
at amortised cost using the effective interest method less allowance for
impairment or at fair value with gains and losses arising from changes in
fair value recognised in the income statement or in other comprehensive
income that are recycled to the income statement on the de-recognition
of the asset. Allowances for expected credit losses are made based on the
risk of non-payment taking into account ageing, previous experience,
economic conditions and forward-looking data. Such allowances are
measured as either 12-months expected credit losses or lifetime expected
credit losses depending on changes in the credit quality of the
counterparty.
Other investments are equity investments that are not classified as
investments in associates or joint arrangements nor investments in
subsidiaries. They are included in non-current assets. Subsequent to
initial measurement, other investments are stated at fair value. Gains and
losses arising from the changes in fair value are recognised in the income
statement or in other comprehensive income. Accumulated gains and
losses included in other comprehensive income are not recycled to the
income statement. Dividends from other investments are recognised in
the consolidated income statement.
Loans
$ million
Other
investments
$ million
Total
$ million
Cost less allowances or fair value
At 30 June 2024
63
31
94
Exchange differences
1
2
3
Additions
11
6
17
Repayments and disposals
(6)
—
(6)
Capitalised interest
5
—
5
Impairment charged during the year
(63)
(9)
(72)
Provision movement
1
—
1
Transfer to associates/fair value adjustment
(1)
(2)
(3)
At 30 June 2025
11
28
39
Additions
47
—
47
Repayments and disposals
(4)
—
(4)
Impairment charged during the year
(40)
—
(40)
Transfer from associates/fair value adjustment
1
(22)
(21)
At 30 June 2026
15
6
21
At 30 June 2026, loans comprise $15 million (2025 – $11 million; 2024 – $6
million) of loans to customers and other third parties, after allowances of $136
million (2025 – $137 million; 2024 – $138 million), and $2 million (2025 – $nil;
2024 – $57 million) of loans to associates.
Following a strategic review in March 2025, Diageo decided it would no longer
be bringing any new brands into the Distill Ventures programme and exit several
businesses, resulting in an impairment charge of $72 million in exceptional
operating expenses for the year ended 30 June 2025.