Disclosure Of Material Accounting Policy Information [Text Block]

Haleon PLC - Filing #1867718

Concept	2022-01-01 to 2022-12-31
Disclosure of material accounting policy information [text block]	—
Description of accounting policy for borrowings [text block]	All borrowings are initially recorded at fair value, net of transaction costs. Borrowings are subsequently carried at amortised cost,
Description of accounting policy for business combinations [text block]	Business combinations where common control exists at the time of the transaction are accounted for by adopting the principles of
Description of accounting policy for contingent liabilities and contingent assets [text block]	Contingent liabilities
Description of accounting policy for deferred income tax [text block]	Deferred tax is the tax expected to be payable or recoverable in the future arising from temporary differences between the carrying
Description of accounting policy for depreciation expense [text block]	Depreciation is recognised on a straight-line basis, over the estimated useful lives of the asset. Residual values and useful lives are
Description of accounting policy for determining components of cash and cash equivalents [text block]	Cash and cash equivalents comprise of cash at bank and in hand and short-term highly liquid deposits which are primarily held for
Description of accounting policy for dividends [text block]	Dividends are recognised on the date that the shareholder’s right to receive payment is established. This is generally the date when
Description of accounting policy for earnings per share [text block]	Basic earnings per share is calculated by dividing the profit attributable to shareholders by the Company’s weighted average number
Description of accounting policy for employee benefits [text block]	For defined benefit retirement plans, the difference between the fair value of the plan assets and the present value of the plan
Description of accounting policy for finance costs [text block]	Net finance costs comprise finance expense and finance income. Finance income includes income on cash and cash equivalents and
Description of accounting policy for foreign currency translation [text block]	Foreign currencies
Description of accounting policy for income tax [text block]	Income tax expense represents the sum of the current and deferred taxes.
Description of accounting policy for issued capital [text block]	Share capital represents the par value of shares that have been issued.
Description of accounting policy for measuring inventories [text block]	Inventories are included in the Consolidated Financial Statements at the lower of cost (including raw materials, direct labour, other
Description of accounting policy for intangible assets and goodwill [text block]	Goodwill
Description of accounting policy for intangible assets other than goodwill [text block]	Other intangibles
Description of accounting policy for offsetting of financial instruments [text block]	Offsetting of financial assets and liabilities
Description of accounting policy for property, plant and equipment [text block]	Land, buildings, plant, equipment and vehicles are valued at their cost, less any accumulated depreciation and any accumulated
Description of accounting policy for provisions [text block]	Provisions are recognised where a legal or constructive obligation exists at the balance sheet date, as a result of a past event,
Description of accounting policy for recognition of revenue [text block]	The Group receives revenue for supply of goods to external customers against orders received. The majority of contracts that the
Description of accounting policy for research and development expense [text block]	Research and development
Description of accounting policy for subsidiaries [text block]	Accounting policy
Description of accounting policy for trade and other payables [text block]	Trade payables are initially recognised at fair value and then held at amortised cost. Long-term payables are discounted where the
Description of accounting policy for trade and other receivables [text block]	Trade receivables are initially measured at the original invoice amount and subsequently measured at amortised cost less allowances
Description of accounting policy for transactions with related parties [text block]	A related party under IFRS is a person or entity that is related to the Group. These include both people and entities that have, or are