Flutter Results Presentation Deck
Separately disclosed items
£m
Amortisation of acquisition related intangible assets
Kentucky settlement and associated legal costs
Transaction fees and associated costs
Restructuring and integration costs
Germany and Greece tax expense
Disposal of Oddschecker Global Media
Impairment
VAT refund
Operating profit impact of separately disclosed items
Financial income
Financial expense
Profit before tax impact of separately disclosed items
Tax credit on separately disclosed items
Total separately disclosed items
Flutter
FY 2021
(543)
(163)
(22)
(45)
(47)
12
(809)
(100)
(909)
(43)
(866)
FY 2020
(432)
(33)
(96)
I
(23)
11
(573)
79
(71)
(565)
58
(507)
●
Intangible amortisation reflects a 12-month
charge for TSG in 2021 versus ~8 in 2020
Kentucky settlement for historic case with
TSG subsidiaries, final settlement of $300m,
with $100m already provided for
Restructuring and integration costs due to
combination with TSG
German and Greek tax expense relates to
historic tax cases for Paddy Power and
Betfair
Tax charge includes £104m charge from
increase in deferred tax liabilities due to
future UK tax increase to 25% from 1 April
2023
43View entire presentation