2025 Annual Report &

Financial Statements

Notes to the financial statements

1. Statement of Accounting Policies

3. Operating Costs

4. Employee Costs

5. Depreciation and Amortisation

6. Net Finance Costs

8. Property, Plant and Equipment

9. Lease Assets and Liabilities

10. Intangible Assets

11. Trade and Other Receivables

12. Cash and Cash Equivalents

13. Financial Assets

14. Cash Generated from Operations

16. Borrowings and Other Debt

17. Retirement Benefit Obligations

18. Deferred Revenue

20. Provisions, Contingencies and Capital Commitments

21. Trade and Other Payables

22. Financial Risk Management and Financial Assets/Liabilities

23. Fair Value Measurement

25. Related Parties

26. Subsequent Events

27. Approval of Financial Statements