Company: RKLIF
Filing Date: 2025-03-06
Form Type: 6-K
Source: 0001654954-25-002335
Chunk: 29

Company: RENTOKIL INITIAL PLC /FI
Filing Date: 2025-03-06
Form: 6-K
Chunk 29
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 consideration                      |  182 |  261 |
| Fair value of net assets           
 acquired                           |  -51 |  -88 |
| Goodwill from                      
 current-year acquisitions          |  131 |  173 |
| Goodwill expected to be deductible 
 for tax purposes                   |   84 |   76 |

Deferred consideration of £35m and contingent consideration of £32m are payable in respect of the above acquisitions (2023: £15m and £43m respectively). Contingent consideration is payable based on a variety of conditions, including revenue and profit targets being met. Amounts for both deferred and contingent consideration are payable over the next five years. The Group has recognised contingent and deferred consideration based on fair value at the acquisition date. A range of outcomes for contingent consideration payments cannot be estimated due to the variety of performance conditions and the volume of businesses the Group acquires. During the year, there were releases of contingent consideration liabilities not paid of £7m (2023: £nil).

The fair values 6of assets and liabilities arising from acquisitions in the year are as follows:

|                          | 2024 
   £m | 2023 
   £m |
| Non-current              
 assets                   |      |      |
| – Intangible             
 assets1                  |   56 |   80 |
| – Property, plant and    
 equipment2               |   11 |   12 |
| Current assets3          |   27 |   22 |
| Current liabilities4     |  -23 |  -12 |
| Non-current liabilities5 |  -20 |  -14 |
| Net assets               
 acquired                 |   51 |   88 |

1. Includes £46m (2023: £69m) of customer lists and £10m (2023: £11m) of other intangibles.

2. Includes £4m (2023: £1m) of ROU assets.

3. Includes cash acquired of £2m (2023: £8m), inventory of £11m (2023: £2m), and trade and other receivables of £14m (2023: £12m).

4. Includes trade and other payables of £23m (2023: £10m).

5. Includes £9m of deferred tax liabilities relating to acquired intangibles (2023: £12m), lease liabilities of £4m (2023: £1m), and