Disclosure Of Material Accounting Policy Information [Text Block]

Haleon PLC - Filing #5595487

Concept	2024-01-01 to 2024-12-31
Disclosure of material accounting policy information [text block]	2. Accounting policies
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, with
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 construction in progress [text block]	Assets under construction are carried at cost, less any recognised impairment losses. Depreciation of these assets commences when
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 derivative financial instruments and hedging [text block]	Derivatives and hedge accounting
Description of accounting policy for determining components of cash and cash equivalents [text block]	Cash and cash equivalents is comprised of cash at bank and short-term highly liquid deposits which are primarily held for operating
Description of accounting policy for discounts and rebates [text block]	Revenue represents net invoice value (i.e., list price after the deduction of discounts, pricing allowances, customer incentives, promotional
Description of accounting policy for dividends [text block]	Dividends are recognised on the date that the shareholder’s right to receive payment is established. Interim dividends are recognised
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]	The Group operates pension arrangements which cover the Group’s material obligations to provide pensions to retired employees.
Description of accounting policy for expenses [text block]	Expenditure is recognised in respect of goods and services received when supplied in accordance with contractual terms. Provision is
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 functional currency [text block]	The Consolidated Financial Statements are prepared on a historical cost basis unless otherwise indicated. The Consolidated Financial
Description of accounting policy for impairment of assets [text block]	Property, plant and equipment is subject to review for impairment if triggering events or circumstances indicate an impairment may
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 leases [text block]	When the Group leases an asset, a ‘right of use asset’ is recognised for the leased item and a lease liability is recognised for any lease
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 non-current assets or disposal groups classified as held for sale [text block]	Disposal groups are generally measured at the lower of their carrying value or fair value less costs to sell. Any gain or loss resulting
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, where
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 Group
Description of accounting policy for research and development expense [text block]	Research and development (R&D)
Description of accounting policy for segment reporting [text block]	The Group is organised into business units based on geographical areas and has three reportable segments:
Description of accounting policy for share-based payment transactions [text block]	Incentives in the form of share awards are provided to employees under share schemes. The fair value of equity-settled share
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