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Tax - Schedule of Movements in Deferred Tax Liabilities and Assets (Details) - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Deferred tax assets    
Deferred tax assets, at 1 January [1] £ 6,422 £ 3,773
Deferred tax assets, at 31 December 5,185 6,422 [1]
Deferred tax liabilities    
Deferred tax liabilities, at 1 January [1] (209) (8)
Deferred tax liabilities, at 31 December (157) (209) [1]
As previously reported £m    
Deferred tax assets    
Deferred tax assets, at 1 January 5,228  
Deferred tax assets, at 31 December   5,228
Deferred tax liabilities    
Deferred tax liabilities, at 1 January (216)  
Deferred tax liabilities, at 31 December   (216)
Other temporary differences £m    
Deferred tax liabilities    
Exchange and other adjustments 9  
Prior to offsetting of balances within same taxing jurisdiction    
Deferred tax assets    
Deferred tax assets, at 1 January 8,741 7,095
Credit (charge) to the income statement (714) (134)
Credit (charge) to other comprehensive income (630) 1,773
Acquisitions   4
Other credit to equity 12 3
Deferred tax assets, at 31 December 7,409 8,741
Deferred tax liabilities    
Deferred tax liabilities, at 1 January (2,528) (3,330)
Credit (charge) to the income statement 77 479
Credit to other comprehensive income 119 339
Acquisitions (58) (6)
Exchange and other adjustments 9 (10)
Deferred tax liabilities, at 31 December (2,381) (2,528)
Prior to offsetting of balances within same taxing jurisdiction | As previously reported £m    
Deferred tax liabilities    
Deferred tax liabilities, at 1 January   (4,016)
Prior to offsetting of balances within same taxing jurisdiction | Impact of IFRS 17 £m    
Deferred tax liabilities    
Deferred tax liabilities, at 1 January   686
Prior to offsetting of balances within same taxing jurisdiction | Tax losses £m    
Deferred tax assets    
Deferred tax assets, at 1 January 5,066 5,023
Credit (charge) to the income statement (283) 39
Credit (charge) to other comprehensive income 0 0
Acquisitions   4
Other credit to equity 0 0
Deferred tax assets, at 31 December 4,783 5,066
Prior to offsetting of balances within same taxing jurisdiction | Property, plant and equipment £m    
Deferred tax assets    
Deferred tax assets, at 1 January 506 744
Credit (charge) to the income statement (258) (238)
Credit (charge) to other comprehensive income 0 0
Acquisitions   0
Other credit to equity 0 0
Deferred tax assets, at 31 December 248 506
Prior to offsetting of balances within same taxing jurisdiction | Provisions £m    
Deferred tax assets    
Deferred tax assets, at 1 January 260 302
Credit (charge) to the income statement (39) 113
Credit (charge) to other comprehensive income 0 (155)
Acquisitions   0
Other credit to equity 0 0
Deferred tax assets, at 31 December 221 260
Prior to offsetting of balances within same taxing jurisdiction | Long-term assurance business    
Deferred tax assets    
Deferred tax assets, at 1 January 114 0
Credit (charge) to the income statement 119 114
Credit (charge) to other comprehensive income 0 0
Acquisitions   0
Other credit to equity 0 0
Deferred tax assets, at 31 December 233 114
Deferred tax liabilities    
Deferred tax liabilities, at 1 January 0 (507)
Credit (charge) to the income statement 0 507
Credit to other comprehensive income 0 0
Acquisitions 0 0
Exchange and other adjustments 0 0
Deferred tax liabilities, at 31 December 0 0
Prior to offsetting of balances within same taxing jurisdiction | Long-term assurance business | As previously reported £m    
Deferred tax liabilities    
Deferred tax liabilities, at 1 January   (1,162)
Prior to offsetting of balances within same taxing jurisdiction | Long-term assurance business | Impact of IFRS 17 £m    
Deferred tax liabilities    
Deferred tax liabilities, at 1 January   655
Prior to offsetting of balances within same taxing jurisdiction | Share- based payments £m    
Deferred tax assets    
Deferred tax assets, at 1 January 36 38
Credit (charge) to the income statement 10 (5)
Credit (charge) to other comprehensive income 0 0
Acquisitions   0
Other credit to equity 12 3
Deferred tax assets, at 31 December 58 36
Prior to offsetting of balances within same taxing jurisdiction | Pension liabilities £m    
Deferred tax assets    
Deferred tax assets, at 1 January 47 69
Credit (charge) to the income statement 0 (22)
Credit (charge) to other comprehensive income 0 0
Acquisitions   0
Other credit to equity 0 0
Deferred tax assets, at 31 December 47 47
Prior to offsetting of balances within same taxing jurisdiction | Derivatives £m    
Deferred tax assets    
Deferred tax assets, at 1 January 2,423 700
Credit (charge) to the income statement (84) (205)
Credit (charge) to other comprehensive income (672) 1,928
Acquisitions   0
Other credit to equity 0 0
Deferred tax assets, at 31 December 1,667 2,423
Deferred tax liabilities    
Deferred tax liabilities, at 1 January (541) (509)
Credit (charge) to the income statement (167) (32)
Credit to other comprehensive income 0 0
Acquisitions 0 0
Exchange and other adjustments 0 0
Deferred tax liabilities, at 31 December (708) (541)
Prior to offsetting of balances within same taxing jurisdiction | Derivatives £m | As previously reported £m    
Deferred tax liabilities    
Deferred tax liabilities, at 1 January   (509)
Prior to offsetting of balances within same taxing jurisdiction | Derivatives £m | Impact of IFRS 17 £m    
Deferred tax liabilities    
Deferred tax liabilities, at 1 January   0
Prior to offsetting of balances within same taxing jurisdiction | Asset revaluations2 £m    
Deferred tax assets    
Deferred tax assets, at 1 January 8 0
Credit (charge) to the income statement 0 8
Credit (charge) to other comprehensive income 42 0
Acquisitions   0
Other credit to equity 0 0
Deferred tax assets, at 31 December 50 8
Deferred tax liabilities    
Deferred tax liabilities, at 1 January 0 (56)
Credit (charge) to the income statement 0 0
Credit to other comprehensive income 0 56
Acquisitions 0 0
Exchange and other adjustments 0 0
Deferred tax liabilities, at 31 December 0 0
Prior to offsetting of balances within same taxing jurisdiction | Asset revaluations2 £m | As previously reported £m    
Deferred tax liabilities    
Deferred tax liabilities, at 1 January   (56)
Prior to offsetting of balances within same taxing jurisdiction | Asset revaluations2 £m | Impact of IFRS 17 £m    
Deferred tax liabilities    
Deferred tax liabilities, at 1 January   0
Prior to offsetting of balances within same taxing jurisdiction | Other temporary differences £m    
Deferred tax assets    
Deferred tax assets, at 1 January 281 219
Credit (charge) to the income statement (179) 62
Credit (charge) to other comprehensive income 0 0
Acquisitions   0
Other credit to equity 0 0
Deferred tax assets, at 31 December 102 281
Deferred tax liabilities    
Deferred tax liabilities, at 1 January (474) (300)
Credit (charge) to the income statement 141 (164)
Credit to other comprehensive income 66 0
Acquisitions 0 0
Exchange and other adjustments   (10)
Deferred tax liabilities, at 31 December (258) (474)
Prior to offsetting of balances within same taxing jurisdiction | Other temporary differences £m | As previously reported £m    
Deferred tax liabilities    
Deferred tax liabilities, at 1 January   (331)
Prior to offsetting of balances within same taxing jurisdiction | Other temporary differences £m | Impact of IFRS 17 £m    
Deferred tax liabilities    
Deferred tax liabilities, at 1 January   31
Prior to offsetting of balances within same taxing jurisdiction | Capitalised software enhancements £m    
Deferred tax liabilities    
Deferred tax liabilities, at 1 January (162) (275)
Credit (charge) to the income statement 70 118
Credit to other comprehensive income 0 0
Acquisitions 0 (5)
Exchange and other adjustments 0 0
Deferred tax liabilities, at 31 December (92) (162)
Prior to offsetting of balances within same taxing jurisdiction | Capitalised software enhancements £m | As previously reported £m    
Deferred tax liabilities    
Deferred tax liabilities, at 1 January   (275)
Prior to offsetting of balances within same taxing jurisdiction | Capitalised software enhancements £m | Impact of IFRS 17 £m    
Deferred tax liabilities    
Deferred tax liabilities, at 1 January   0
Prior to offsetting of balances within same taxing jurisdiction | Acquisition fair value £m    
Deferred tax liabilities    
Deferred tax liabilities, at 1 January (332) (352)
Credit (charge) to the income statement 38 21
Credit to other comprehensive income 0 0
Acquisitions (58) (1)
Exchange and other adjustments 0 0
Deferred tax liabilities, at 31 December (352) (332)
Prior to offsetting of balances within same taxing jurisdiction | Acquisition fair value £m | As previously reported £m    
Deferred tax liabilities    
Deferred tax liabilities, at 1 January   (352)
Prior to offsetting of balances within same taxing jurisdiction | Acquisition fair value £m | Impact of IFRS 17 £m    
Deferred tax liabilities    
Deferred tax liabilities, at 1 January   0
Prior to offsetting of balances within same taxing jurisdiction | Pension assets £m    
Deferred tax liabilities    
Deferred tax liabilities, at 1 January (1,019) (1,331)
Credit (charge) to the income statement (5) 29
Credit to other comprehensive income 53 283
Acquisitions 0 0
Exchange and other adjustments 0 0
Deferred tax liabilities, at 31 December £ (971) (1,019)
Prior to offsetting of balances within same taxing jurisdiction | Pension assets £m | As previously reported £m    
Deferred tax liabilities    
Deferred tax liabilities, at 1 January   (1,331)
Prior to offsetting of balances within same taxing jurisdiction | Pension assets £m | Impact of IFRS 17 £m    
Deferred tax liabilities    
Deferred tax liabilities, at 1 January   £ 0
[1]
1    Restated for presentational changes and for the adoption of IFRS 17; see notes 1 and 54.