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Restatement of prior period information - Impact On Other Comprehensive Income (Details) - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Adoption Of IFRS 17 [Line Items]      
Profit for the year £ 5,518 £ 3,923 [1],[2],[3] £ 5,885 [2]
Remeasurements before tax (1,633) (3,012) [4] 1,720
Tax 428 860 [4] (658)
Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans (1,205) (2,152) [4] 1,062
Change in fair value (54) 44 [4] 61
Tax (3) 3 [4] (4)
Other comprehensive income, net of tax, gains (losses) from investments in equity instruments (57) 47 [4] 57
(Losses) gains before tax (234) 519 [4] (86)
Tax 66 (155) [4] 34
Other comprehensive income, net of tax, change in fair value of financial liability attributable to change in credit risk of liability (168) 364 [4] (52)
Change in fair value (40) (133) [4] 133
Income statement transfers in respect of disposals (122) (92) [4] 2
Income statement transfers in respect of impairment (2) 6 [4] (2)
Tax 47 62 [4] (25)
Other comprehensive income, net of tax, financial assets measured at fair value through other comprehensive income (117) (157) [4] 108
Effective portion of changes in fair value taken to other comprehensive income 545 (6,990) [4] (2,279)
Net income statement transfers 1,838 43 [4] (621)
Tax (673) 1,928 [4] 814
Other comprehensive income, net of tax, cash flow hedges 1,710 (5,019) [4] (2,086)
Currency translation differences (tax: £nil) (53) 116 [4] (39)
Transfers to income statement (tax: £nil) 0 (31) [4] 0
Increase (decrease) through foreign exchange and other movements, financial assets (53) 85 [1] (39)
Total other comprehensive income (loss) for the year, net of tax 110 (6,832) [4] (950)
Total comprehensive income (loss) for the year 5,628 [5] (2,909) [4] 4,935
Total comprehensive income (loss) attributable to ordinary shareholders 5,043 (3,443) [4] 4,405
Total comprehensive income attributable to other equity holders 527 438 [4] 429
Total comprehensive income (loss) attributable to equity holders 5,570 (3,005) [4] 4,834
Total comprehensive income attributable to non-controlling interests £ 58 96 [4] £ 101
As previously reported £m      
Adoption Of IFRS 17 [Line Items]      
Profit for the year   5,555  
Remeasurements before tax   (3,012)  
Tax   860  
Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans   (2,152)  
Change in fair value   44  
Tax   3  
Other comprehensive income, net of tax, gains (losses) from investments in equity instruments   47  
(Losses) gains before tax   519  
Tax   (155)  
Other comprehensive income, net of tax, change in fair value of financial liability attributable to change in credit risk of liability   364  
Change in fair value   (133)  
Income statement transfers in respect of disposals   (92)  
Income statement transfers in respect of impairment   6  
Tax   62  
Other comprehensive income, net of tax, financial assets measured at fair value through other comprehensive income   (157)  
Effective portion of changes in fair value taken to other comprehensive income   (6,990)  
Net income statement transfers   43  
Tax   1,928  
Other comprehensive income, net of tax, cash flow hedges   (5,019)  
Currency translation differences (tax: £nil)   119  
Transfers to income statement (tax: £nil)   (31)  
Increase (decrease) through foreign exchange and other movements, financial assets   88  
Total other comprehensive income (loss) for the year, net of tax   (6,829)  
Total comprehensive income (loss) for the year   (1,274)  
Total comprehensive income (loss) attributable to ordinary shareholders   (1,808)  
Total comprehensive income attributable to other equity holders   438  
Total comprehensive income (loss) attributable to equity holders   (1,370)  
Total comprehensive income attributable to non-controlling interests   96  
Impact of IFRS 17 £m      
Adoption Of IFRS 17 [Line Items]      
Profit for the year   (1,632)  
Remeasurements before tax   0  
Tax   0  
Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans   0  
Change in fair value   0  
Tax   0  
Other comprehensive income, net of tax, gains (losses) from investments in equity instruments   0  
(Losses) gains before tax   0  
Tax   0  
Other comprehensive income, net of tax, change in fair value of financial liability attributable to change in credit risk of liability   0  
Change in fair value   0  
Income statement transfers in respect of disposals   0  
Income statement transfers in respect of impairment   0  
Tax   0  
Other comprehensive income, net of tax, financial assets measured at fair value through other comprehensive income   0  
Effective portion of changes in fair value taken to other comprehensive income   0  
Net income statement transfers   0  
Tax   0  
Other comprehensive income, net of tax, cash flow hedges   0  
Currency translation differences (tax: £nil)   (3)  
Transfers to income statement (tax: £nil)   0  
Increase (decrease) through foreign exchange and other movements, financial assets   (3)  
Total other comprehensive income (loss) for the year, net of tax   (3)  
Total comprehensive income (loss) for the year   (1,635)  
Total comprehensive income (loss) attributable to ordinary shareholders   (1,635)  
Total comprehensive income attributable to other equity holders   0  
Total comprehensive income (loss) attributable to equity holders   (1,635)  
Total comprehensive income attributable to non-controlling interests   £ 0  
[1]
1    Restated for the adoption of IFRS 17; see notes 1 and 54.
[2]
2    Restated for presentational changes; see note 1.
[3]
1    Restated for the adoption of IFRS 17; see notes 1 and 54.
[4]
1    Restated for the adoption of IFRS 17; see notes 1 and 54.
[5]
1    Total comprehensive income attributable to owners of the parent was a surplus of £5,570 million (2022: loss of £3,005 million; 2021: surplus of £4,834 million).