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PARENT COMPANY DISCLOSURES
 12 Months Ended
Dec. 31, 2021
Disclosure Of Parent Company Financial Statements Explanatory [Abstract]  
PARENT COMPANY DISCLOSURES
NOTE 55: PARENT COMPANY DISCLOSURES
(A)Company income statement
202120202019
£m£m£m
Net interest expense(176)(194)(108)
Dividends received from subsidiary undertakings3,600 1,135 5,150 
Other income633 566 682 
Total income4,057 1,507 5,724 
Operating expenses(164)(249)(289)
Impairment (charge) credit— (1)4 
Profit before tax3,893 1,257 5,439 
Tax credit (expense)12 45 (24)
Profit for the year3,905 1,302 5,415 
Profit attributable to ordinary shareholders3,476 849 4,949 
Profit attributable to other equity holders429 453 466 
Profit for the year3,905 1,302 5,415 
(B)Company balance sheet
20212020
£ million£ million
Assets
Cash and cash equivalents50 7 
Financial assets at fair value through profit or loss20,362 14,362 
Derivative financial instruments793 1,832 
Amounts due from subsidiaries— 27 
Debt securities2,033 — 
Loans to subsidiaries14,238 20,107 
Current tax recoverable28 16 
Deferred tax assets26 10 
Investment in subsidiaries49,142 49,903 
Other assets2 982 
Total assets86,674 87,246 
Liabilities
Financial liabilities at fair value through profit or loss9,748 8,635 
Derivative financial instruments414 803 
Debt securities in issue17,748 20,545 
Other liabilities261 1,899 
Subordinated liabilities8,105 7,760 
Total liabilities36,276 39,642 
Equity
Share capital7,102 7,084 
Share premium account18,479 17,863 
Merger reserve6,806 7,420 
Capital redemption reserve4,479 4,462 
Retained profits7,626 4,869 
Shareholders’ equity44,492 41,698 
Other equity instruments5,906 5,906 
Total equity50,398 47,604 
Total equity and liabilities86,674 87,246 
(C)Company statement of changes in equity
Attributable to ordinary shareholders
Share
capital and
premium		Merger
reserve		Capital
redemption
reserve		Retained
profits		TotalOther
equity
instruments		Total
£ million£ million£ million£ million£ million£ million£ million
At 1 January 201924,835 7,423 4,273 2,103 38,634 6,491 45,125 
Total comprehensive income1
— — — 4,949 4,949 466 5,415 
Dividends— — — (2,312)(2,312)— (2,312)
Distributions on other equity instruments— — — — — (466)(466)
Issue of ordinary shares107 — — — 107 — 107 
Share buyback(189)— 189 (1,095)(1,095)— (1,095)
Redemption of preference shares3 (3)— — — — — 
Issue of other equity instruments— — — (5)(5)896 891 
Redemption of other equity instruments— — — — — (1,481)(1,481)
Movement in treasury shares— — — 74 74 — 74 
Value of employee services:
Share option schemes— — — 71 71 — 71 
Other employee award schemes— — — 165 165 — 165 
At 31 December 201924,756 7,420 4,462 3,950 40,588 5,906 46,494 
Total comprehensive income1
— — — 849 849 453 1,302 
Distributions on other equity instruments— — — — — (453)(453)
Issue of ordinary shares191 — — — 191 — 191 
Movement in treasury shares— — — (52)(52)— (52)
Value of employee services:
Share option schemes— — — 48 48 — 48 
Other employee award schemes— — — 74 74 — 74 
At 31 December 202024,947 7,420 4,462 4,869 41,698 5,906 47,604 
Total comprehensive income1
— — — 3,476 3,476 429 3,905 
Dividends— — — (877)(877)— (877)
Distributions on other equity instruments— — — — — (429)(429)
Issue of ordinary shares37 — — — 37 — 37 
Redemption of preference shares597 (614)17 — — — — 
Movement in treasury shares— — — (24)(24)— (24)
Value of employee services:
Share option schemes— — — 51 51 — 51 
Other employee award schemes— — — 131 131 — 131 
At 31 December 202125,581 6,806 4,479 7,626 44,492 5,906 50,398 
1No statement of comprehensive income has been shown for the parent company, as permitted by section 408 of the Companies Act 2006. Total comprehensive income comprises only the profit for the year.
(D)Company cash flow statement
202120202019
£ million£ million£ million
Profit before tax3,893 1,257 5,439 
Adjustments for:
Fair value and exchange adjustments and other non-cash items1,134 (512)(166)
Change in other assets(7,028)(1,815)(11,975)
Change in other liabilities and other items(3,322)6,401 3,151 
Dividends received(3,600)(1,135)(5,150)
Distributions on other equity instruments received(423)(492)(366)
Tax received2 — 70 
Net cash (used in) provided by operating activities(9,344)3,704 (8,997)
Cash flows from investing activities
Return of capital contribution4 4 5 
Dividends received3,600 1,135 5,150 
Distributions on other equity instruments received423 492 366 
Acquisitions of and capital injections to subsidiaries(3,209)(1,170)(1,648)
Return of capital by subsidiaries4,130 — — 
Amounts advanced to subsidiaries(974)(5,827)(1,812)
Repayment of loans to subsidiaries6,727 2,004 11,257 
Interest received on loans to subsidiaries461 261 395 
Net cash provided by (used in) investing activities11,162 (3,101)13,713 
Cash flows from financing activities
Dividends paid to ordinary shareholders(877)— (2,312)
Distributions on other equity instruments(429)(453)(466)
Interest paid on subordinated liabilities(793)(316)(314)
Proceeds from issue of subordinated liabilities499 — — 
Proceeds from issue of other equity instruments— — 891 
Proceeds from issue of ordinary shares25 144 36 
Share buyback— — (1,095)
Repayment of subordinated liabilities(200)— (3)
Redemptions of other equity instruments— — (1,481)
Net cash used in financing activities(1,775)(625)(4,744)
Change in cash and cash equivalents43 (22)(28)
Cash and cash equivalents at beginning of year7 29 57 
Cash and cash equivalents at end of year50 7 29 
(E)Interests in subsidiaries
The principal subsidiaries, all of which have prepared accounts to 31 December and whose results are included in the consolidated accounts of Lloyds Banking Group plc, are:
Country of registration/
incorporation		Percentage of equity share
capital and voting rights held		Nature of business
Lloyds Bank plcEngland100%Banking and financial services
Scottish Widows LimitedEngland
100%1
Life assurance
HBOS plcScotland
100%1
Holding company
Bank of Scotland plcScotland
100%1
Banking and financial services
Lloyds Bank Corporate Markets plcEngland100%Banking and financial services
1Indirect interest.
The principal area of operation for each of the above subsidiaries is the United Kingdom.