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Consolidated statement of comprehensive income - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Statement of comprehensive income [abstract]      
Profit for the year £ 5,518 £ 3,923 [1],[2],[3] £ 5,885 [2]
Post-retirement defined benefit scheme remeasurements:      
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
Movements in revaluation reserve in respect of equity shares held at fair value through other comprehensive income:      
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
Gains and losses attributable to own credit risk:      
(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)
Movements in revaluation reserve in respect of debt securities held at fair value through other comprehensive income:      
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
Movements in cash flow hedging reserve:      
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)
Movements in foreign currency translation reserve:      
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
Comprehensive income attributable to [abstract]      
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
[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).