Company: RKLIF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0001654954-25-008672
Chunk: 21

Company: RENTOKIL INITIAL PLC /FI
Filing Date: 2025-07-31
Form: 6-K
Chunk 21
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 impairment test on the pre-existing CGU groups and determined there to be no impairment of goodwill within any of the groups.

The recoverable amount of a CGU group is determined based on the higher of value-in-use calculations using cash flow projections and fair value less costs to sell, if appropriate. The cash flow projections in year one are based on financial budgets approved by the board, which are prepared as part of the Group's normal planning process. Cash flows for years two to five use the group expectation of sales growth, operating costs and margin, based on past experience and expectations regarding future performance and profitability for each CGU group. Cash flows beyond the five-year period are extrapolated using estimated long-term growth rates.

An assessment has been performed for all material CGU groups at the half year to identify any possible indicators of impairment. The assessment included a review of internal and external factors that have the potential to significantly reduce the CGU group value. The indicator assessment resulted in no CGU groups showing indicators of impairment.

#### 10. Net debt
Reconciliation of net change in cash and cash equivalents to net debt for continuing operations:

|                                                       | At 30 June 2025 
              $m | At 31 December 2024 
                  $m |
| Current                                               |                 |                     |
| Cash and cash equivalents in the Consolidated Balance 
 Sheet                                                 |           1,689 |               1,158 |
| Other investments                                     |               2 |                   1 |
| Fair value of debt-related derivatives                |              61 |                  -4 |
| Bank and other short-term borrowings¹                 |          -1,309 |              -1,460 |
| Lease liabilities                                     |            -166 |                -163 |
|                                                       |             277 |                -468 |
| Non-current                                           |                 |                     |
| Fair value of debt-related derivatives                |              77 |                 -28 |
| Bank and other long-term borrowings²                  |          -4,178 |              -3,127 |
| Lease liabilities                                     |            -388 |                -394 |
|                                                       |          -4,489 |              -3,549 |
| Total net debt                                        |          -4,212 |              -4,017 |

1. Bank and other short-term borrowings consists of $588m bond debt (2024: $nil), $677m overdraft (2024: $693m), $28m loans (2024: $719m) and $16m