Company: RKLIF
Filing Date: 2025-03-06
Form Type: 6-K
Source: 0001654954-25-002335
Chunk: 33

Company: RENTOKIL INITIAL PLC /FI
Filing Date: 2025-03-06
Form: 6-K
Chunk 33
---
 average over the last 10 years churn         
 rates have moved by +/– c.2.0% per annum (2023:                     
 +/-1.8%).                                                           |

Self-insurance

The Group purchases external insurance from a portfolio of international insurers for its key insurable risks. In order to help mitigate the cost of external insurance, the Group self-insures a level of cover on its major insurance policies. Self-insurance provisions represent obligations for open claims, and also incurred but not reported (IBNR) losses. External actuaries are used to help management estimate the provisions held at the balance sheet date. Due to the nature of the claims, the timing of utilisation of these provisions is uncertain.

Environmental

The Group owns, or formerly owned, a number of properties in Europe and the US where environmental contamination is being managed. These issues tend to be complex to determine and resolve and may be material, although it is often not possible to accurately predict future costs of management or remediation reliably. Provisions are held where liability is probable and costs can be reliably estimated. Contingent liabilities exist where the conditions for recognising a provision under IAS 37 have not been met. The Group monitors such properties to determine whether further provisions are necessary. The provisions that have been recognised are expected to be substantially utilised within the next five years.

Other

Other provisions principally comprise amounts required to cover obligations arising and costs relating to disposed businesses and restructuring costs. Other provisions also includes costs relating to onerous contracts and property dilapidations settlements. Existing provisions are expected to be substantially utilised within the next five years.

17. Share capital

During the year, 2,000,000 new shares were issued in relation to employee share schemes.

|                                            | 2024 
   £m | 2023 
   £m |
| Issued and fully                           
 paid                                       |      |      |
| At 31 December 2024 –                      
 2,524,539,885 shares (2023: 2,522,539,885) |   25 |   25 |

18. Post balance sheet events

There have been no significant post balance sheet events affecting the Group since 31 December 2024.

19. Legal statements

The financial information for the year ended 31 December 2024 contained in this preliminary announcement has been approved by the Board and authorised for release on 6 March 2025.

The financial information in this statement does not constitute the Company’s statutory accounts for the years ended