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Restatement of prior period information - Impact on Cash flow statement (Details) - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Profit before tax £ 7,503 £ 4,782 [1],[2] £ 6,902 [3]
Change in operating assets (9,110) 16,735 [1],[2] (10,365) [1]
Change in operating liabilities 4,232 1,481 [1],[2] 12,282 [1]
Non-cash and other items 5,622 (244) [1],[2] (1,265) [1]
Net tax paid (1,437) (743) [1],[2] (796) [1]
Net cash provided by operating activities 6,810 22,011 [1],[2] 6,758 [1]
Cash flows from investing activities      
Purchase of financial assets (10,311) (7,984) [1],[2] (8,984) [1]
Proceeds from sale and maturity of financial assets 5,298 11,172 [1],[2] 8,287 [1]
Purchase of fixed assets (5,455) (3,855) [1],[2] (3,228) [1]
Proceeds from sale of fixed assets 1,027 1,550 [1],[2] 1,437 [1]
Repayment of capital by joint ventures and associates 0 36 [1],[2] 0 [1]
Acquisition of businesses, net of cash acquired (380) (409) [1],[2] (57) [1]
Net cash (used in) provided by investing activities (9,821) 510 [1],[2] (2,545) [1]
Cash flows from financing activities      
Dividends paid to ordinary shareholders (1,651) (1,475) [1],[2] (877) [1]
Distributions on other equity instruments (527) (438) [1],[2] (429) [1]
Distributions in respect of non-controlling interests (101) (92) [1],[2] (93) [1]
Interest paid on subordinated liabilities (623) (603) [1],[2] (1,303) [1]
Proceeds from issue of subordinated liabilities 1,417 838 [1],[2] 499 [1]
Proceeds from issue of other equity instruments 1,772 745 [1],[2] 0 [1]
Proceeds from issue of ordinary shares 86 31 [1],[2] 25 [1]
Share buyback (1,993) (2,013) [1],[2] 0 [1]
Repayment of subordinated liabilities (1,745) (2,216) [1],[2] (1,056) [1]
Repurchases and redemptions of other equity instruments (note 45) (135) (1,395) [1],[2] 0 [1]
Change in stake of non-controlling interests 0 5 [1],[2] 0 [1]
Net cash used in financing activities (3,500) (6,613) [1],[2] (3,234) [1]
Effects of exchange rate changes on cash and cash equivalents (480) 727 [1],[2] 70 [1]
Change in cash and cash equivalents (6,991) 16,635 [1],[2] 1,049 [1]
Cash and cash equivalents at beginning of year [1] 95,829 [2] 79,194 [2] 78,145
Cash and cash equivalents at end of year 88,838 95,829 [1],[2] 79,194 [1],[2]
As previously reported £m      
Cash flows from operating activities      
Profit before tax   6,928  
Change in operating assets   17,037  
Change in operating liabilities   15,593  
Non-cash and other items   (16,804)  
Net tax paid   (743)  
Net cash provided by operating activities   22,011  
Cash flows from investing activities      
Purchase of financial assets   (7,984)  
Proceeds from sale and maturity of financial assets   11,172  
Purchase of fixed assets   (3,855)  
Proceeds from sale of fixed assets   1,550  
Repayment of capital by joint ventures and associates   36  
Acquisition of businesses, net of cash acquired   (409)  
Net cash (used in) provided by investing activities   510  
Cash flows from financing activities      
Dividends paid to ordinary shareholders   (1,475)  
Distributions on other equity instruments   (438)  
Distributions in respect of non-controlling interests   (92)  
Interest paid on subordinated liabilities   (603)  
Proceeds from issue of subordinated liabilities   838  
Proceeds from issue of other equity instruments   745  
Proceeds from issue of ordinary shares   31  
Share buyback   (2,013)  
Repayment of subordinated liabilities   (2,216)  
Repurchases and redemptions of other equity instruments (note 45)   (1,395)  
Change in stake of non-controlling interests   5  
Net cash used in financing activities   (6,613)  
Effects of exchange rate changes on cash and cash equivalents   727  
Change in cash and cash equivalents   16,635  
Cash and cash equivalents at beginning of year 95,829 79,194  
Cash and cash equivalents at end of year   95,829 79,194
Impact of IFRS 17 £m      
Cash flows from operating activities      
Profit before tax   (2,146)  
Change in operating assets   (302)  
Change in operating liabilities   2,418  
Non-cash and other items   30  
Net tax paid   0  
Net cash provided by operating activities   0  
Cash flows from investing activities      
Purchase of financial assets   0  
Proceeds from sale and maturity of financial assets   0  
Purchase of fixed assets   0  
Proceeds from sale of fixed assets   0  
Repayment of capital by joint ventures and associates   0  
Acquisition of businesses, net of cash acquired   0  
Net cash (used in) provided by investing activities   0  
Cash flows from financing activities      
Dividends paid to ordinary shareholders   0  
Distributions on other equity instruments   0  
Distributions in respect of non-controlling interests   0  
Interest paid on subordinated liabilities   0  
Proceeds from issue of subordinated liabilities   0  
Proceeds from issue of other equity instruments   0  
Proceeds from issue of ordinary shares   0  
Share buyback   0  
Repayment of subordinated liabilities   0  
Repurchases and redemptions of other equity instruments (note 45)   0  
Change in stake of non-controlling interests   0  
Net cash used in financing activities   0  
Effects of exchange rate changes on cash and cash equivalents   0  
Change in cash and cash equivalents   0  
Cash and cash equivalents at beginning of year 0 0  
Cash and cash equivalents at end of year   0 0
Other changes (see note 1) £m      
Cash flows from operating activities      
Profit before tax   0  
Change in operating assets   0  
Change in operating liabilities   (16,530)  
Non-cash and other items   16,530  
Net tax paid   0  
Net cash provided by operating activities   0  
Cash flows from investing activities      
Purchase of financial assets   0  
Proceeds from sale and maturity of financial assets   0  
Purchase of fixed assets   0  
Proceeds from sale of fixed assets   0  
Repayment of capital by joint ventures and associates   0  
Acquisition of businesses, net of cash acquired   0  
Net cash (used in) provided by investing activities   0  
Cash flows from financing activities      
Dividends paid to ordinary shareholders   0  
Distributions on other equity instruments   0  
Distributions in respect of non-controlling interests   0  
Interest paid on subordinated liabilities   0  
Proceeds from issue of subordinated liabilities   0  
Proceeds from issue of other equity instruments   0  
Proceeds from issue of ordinary shares   0  
Share buyback   0  
Repayment of subordinated liabilities   0  
Repurchases and redemptions of other equity instruments (note 45)   0  
Change in stake of non-controlling interests   0  
Net cash used in financing activities   0  
Effects of exchange rate changes on cash and cash equivalents   0  
Change in cash and cash equivalents   0  
Cash and cash equivalents at beginning of year £ 0 0  
Cash and cash equivalents at end of year   £ 0 £ 0
[1]
2    Restated for presentational changes; see note 1.
[2]
1    Restated for the adoption of IFRS 17; see notes 1 and 54.
[3]
2    Restated for presentational changes; see note 1.