Disclosure Of Material Accounting Policy Information [Text Block]

Rentokil Initial PLC - Filing #6770182

Concept	2024-01-01 to 2024-12-31
Disclosure of material accounting policy information [text block]	Material accounting policies
Description of accounting policy for borrowings [text block]	Borrowings are recognised initially at fair value, net of transaction costs incurred. Borrowings are classified as current liabilities unless the Group
Description of accounting policy for business combinations and goodwill [text block]	All business combinations are accounted for using the purchase method (acquisition accounting) in accordance with IFRS 3 Business
Description of accounting policy for construction in progress [text block]	Property, plant and equipment is stated at historic cost less depreciation with the exception of freehold land and assets under construction which
Description of accounting policy for deferred income tax [text block]	Deferred income tax is provided on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in
Description of accounting policy for depreciation expense [text block]	Depreciation of assets is calculated using the straight-line method to allocate the difference between their cost and their residual values over
Description of accounting policy for determining components of cash and cash equivalents [text block]	Cash and cash equivalents include cash in hand, short-term bank deposits and other short-term highly liquid investments with original maturities
Description of accounting policy for dividends [text block]	Dividend distribution to the Company’s shareholders is recognised as a liability in the Consolidated Financial Statements in the period in which
Description of accounting policy for employee benefits [text block]	Profit-sharing and bonus plans
Description of accounting policy for financial assets [text block]	Financial assets
Description of accounting policy for financial instruments [text block]	Financial instruments
Description of accounting policy for financial instruments at fair value through profit or loss [text block]	(c) Fair value through profit or loss
Description of accounting policy for financial liabilities [text block]	Financial liabilities
Description of accounting policy for foreign currency translation [text block]	Foreign currency translation
Description of accounting policy for functional currency [text block]	(a) Functional and presentation currency
Description of accounting policy for goodwill [text block]	Goodwill represents the excess of the cost of an acquisition over the fair value of the Group’s share of the net identifiable assets of the acquired
Description of accounting policy for hedging [text block]	Accounting for derivative financial instruments and hedging activities
Description of accounting policy for impairment of financial assets [text block]	The Group’s trade receivables are recognised at the transaction price less provision for impairment. They are generally due for settlement within
Description of accounting policy for impairment of non-financial assets [text block]	Intangible assets with finite useful lives are initially measured at either cost or fair value and amortised on a straight-line basis over their useful
Description of accounting policy for income tax [text block]	The income tax expense for the period comprises both current and deferred tax. Current tax expense represents the amount payable on this
Description of accounting policy for issued capital [text block]	The Company’s share capital is made up of the shares that have been issued to its members, whether on, or subsequent to, its incorporation.
Description of accounting policy for leases [text block]	The Group leases land and buildings, vehicles, and other equipment. The lease durations vary from lease to lease according to the asset leased
Description of accounting policy for measuring inventories [text block]	Inventories are stated at the lower of cost and net realisable value. Cost is determined using the weighted average cost method. The cost of
Description of accounting policy for investment in associates and joint ventures [text block]	(b) Associates
Description of accounting policy for provisions [text block]	The Group has provisions for termite damage claims, self-insurance, environmental, and other. Provisions are recognised when the Group has
Description of accounting policy for recognition of revenue [text block]	Revenue recognition
Description of accounting policy for research and development expense [text block]	(c) Product development
Description of accounting policy for segment reporting [text block]	Segment reporting
Description of accounting policy for share-based payment transactions [text block]	Share-based compensation
Description of accounting policy for subsidiaries [text block]	(a) Subsidiaries