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Parent company disclosures - Company Cash Flow Statement (Details) - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
PARENT COMPANY DISCLOSURES (Details) - Company Cash Flow Statement [Line Items]      
Profit before tax £ 7,503 £ 4,782 [1],[2] £ 6,902 [3]
Change in other assets (687) (141) 1,447
Net cash provided by operating activities 6,810 22,011 [1],[2] 6,758 [1]
Cash flows from investing activities      
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]
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 (135) (1,395) [1],[2] 0 [1]
Net cash used in financing activities (3,500) (6,613) [1],[2] (3,234) [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]
Parent company      
PARENT COMPANY DISCLOSURES (Details) - Company Cash Flow Statement [Line Items]      
Profit before tax 5,055 1,331 3,893
Fair value and exchange adjustments and other non-cash items 744 21 1,134
Change in other assets (1,317) (177) (7,028)
Change in other liabilities and other items (555) 1,626 (3,322)
Dividends received (5,024) (1,120) (3,600)
Distributions on other equity instruments received (505) (338) (423)
Tax received 4 27 2
Net cash provided by operating activities (1,598) 1,370 (9,344)
Cash flows from investing activities      
Return of capital contribution 1 4 4
Dividends received 5,024 1,120 3,600
Distributions on other equity instruments received 505 338 423
Acquisitions of and capital injections to subsidiaries (1,496) (250) (3,209)
Return of capital by subsidiaries 278 0 4,130
Amounts advanced to subsidiaries (4,563) (3,148) (974)
Repayment of loans to subsidiaries 3,556 4,234 6,727
Interest received on loans to subsidiaries 410 408 461
Net cash (used in) provided by investing activities 3,715 2,706 11,162
Cash flows from financing activities      
Dividends paid to ordinary shareholders (1,651) (1,475) (877)
Distributions on other equity instruments (527) (438) (429)
Interest paid on subordinated liabilities (466) (370) (793)
Proceeds from issue of subordinated liabilities 1,416 838 499
Proceeds from issue of other equity instruments 1,765 745 0
Proceeds from issue of ordinary shares 86 31 25
Share buyback (1,993) (2,013) 0
Repayment of subordinated liabilities (643) 0 (200)
Repurchases and redemptions of other equity instruments (135) (1,396) 0
Net cash used in financing activities (2,148) (4,078) (1,775)
Change in cash and cash equivalents (31) (2) 43
Cash and cash equivalents at beginning of year 48 50 7
Cash and cash equivalents at end of year £ 17 £ 48 £ 50
[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.