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CONSOLIDATED CASH FLOW STATEMENT - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Profit before tax £ 6,928 £ 6,902 [1] £ 1,226 [1]
Adjustments for:      
Change in operating assets 17,037 (10,365) [1] (17,668) [1]
Change in operating liabilities 15,593 4,954 [1] 35,737 [1]
Non-cash and other items (16,804) 6,063 [1] 9,594 [1]
Tax paid (net) (743) (796) [1] (736) [1]
Net cash provided by operating activities 22,011 6,758 [1] 28,153 [1]
Cash flows from investing activities      
Purchase of financial assets (7,984) (8,984) [1] (8,589) [1]
Proceeds from sale and maturity of financial assets 11,172 8,287 [1] 6,347 [1]
Purchase of fixed assets (3,855) (3,228) [1] (2,901) [1]
Proceeds from sale of fixed assets 1,550 1,437 [1] 1,146 [1]
Repayment of capital by joint ventures and associates 36 0 [1] 0 [1]
Acquisition of businesses, net of cash acquired (409) (57) [1] (3) [1]
Net cash provided by (used in) investing activities 510 (2,545) [1] (4,000) [1]
Cash flows from financing activities      
Dividends paid to ordinary shareholders (1,475) (877) [1] 0 [1]
Distributions on other equity instruments (438) (429) [1] (453) [1]
Dividends paid to non-controlling interests (92) (93) [1] (41) [1]
Interest paid on subordinated liabilities (603) (1,303) [1] (1,095) [1]
Proceeds from issue of subordinated liabilities 838 499 [1] 0 [1]
Proceeds from issue of other equity instruments 745 0 [1] 0 [1]
Proceeds from issue of ordinary shares 31 25 [1] 144 [1]
Share buyback (2,013) 0 [1] 0 [1]
Repayment of subordinated liabilities (2,216) (1,056) [1] (3,874) [1]
Repurchases and redemptions of other equity instruments (1,395) 0 [1] 0 [1]
Change in stake of non-controlling interests 5 0 [1] 0 [1]
Net cash used in financing activities (6,613) (3,234) [1] (5,319) [1]
Effects of exchange rate changes on cash and cash equivalents 727 70 [1] (196) [1]
Change in cash and cash equivalents 16,635 1,049 [1] 18,638 [1]
Cash and cash equivalents at beginning of year [1] 79,194 78,145 59,507
Cash and cash equivalents at end of year £ 95,829 £ 79,194 [1] £ 78,145 [1]
[1] 1    Restated, see page F-16.