GLAXOSMITHKLINE FINANCE PLC

1. GLAXOSMITHKLINE FINANCE PLC 2001-10-01 → present
2. SMITHKLINE BEECHAM FINANCE P.L.C. 1989-10-03 → 2001-10-01
3. BEECHAM FINANCE P L C 1980-12-31 → 1989-10-03
4. BEECHAM FOODS LIMITED 1929-10-02 → 1980-12-31

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having assessed the principal risks of the Company and other matters, the Directors are of the opinion that the current level of activity remains sustainable. The Directors in their considerations have included the accessibility of additional capital and the potential risk to liquidity. The Directors have considered the Company's ability to continue as a going concern for a minimum of twelve months from the date of signing of these financial statements. The Directors have taken into account that as part of the Group, the Company has the support from the Group through the access to the Group cash pooling mechanism and can take actions to ensure business continuity through operational channels, as well as the ability to manage variable costs. On the basis of those considerations, the Directors believe that it remains appropriate to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. GLAXOSMITHKLINE FINANCE PLC · parent
   1. 14245563 CANADA INC. 100% · Canada
   2. 14934792 Canada Inc. 100% · Canada
   3. Action Potential Venture Capital Limited 100% · United Kingdom
   4. Bellus Health Inc 71.03% · Canada
   5. GlaxoSmithKline Finance plc · United Kingdom · investment holding company, as well as to provide financial services to other companies within the Group, including borrowing through the issue of short-term securities and investing in short-term securities in order to manage the liquidity requirements of Group undertakings.

Significant events

• “IFRS 18 Presentation and disclosure in financial statements: The standard was issued by the IASB on 9 April 2024 and introduces new presentation and disclosure requirements. The Company is assessing the impact of adopting the new requirements introduced by IFRS 18, and will adopt the standard for the reporting period ending 31 December 2027, subject to endorsement in the UK.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  +25.2%

  £1,849,932,000 → £2,316,344,000

• Net assets

  +1%

  £59,741,600,000 → £60,341,393,000

• Employees

  —

  Not reported

• Operating profit

  +34.5%

  £198,480,000 → £267,051,000

• Profit before tax

  +57%

  £1,698,480,000 → £2,667,051,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers