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Consolidated statement of changes in equity - GBP (£)
£ in Millions
Total
Total
Share capital and premium
Other reserves
Retained profits £m
Other equity instruments £m
Non-controlling interests
At 1 January at Dec. 31, 2020 £ 49,413 £ 43,278 £ 24,947 £ 13,747 £ 4,584 £ 5,906 £ 229
Comprehensive income              
Profit for the year 5,885 [1] 5,355     5,355 429 101
Other comprehensive income              
Post-retirement defined benefit scheme remeasurements, net of tax 1,062 1,062     1,062    
Movements in revaluation reserve in respect of financial assets held at fair value through other comprehensive income, net of tax:              
Debt securities 108 108   108      
Equity shares 57 57   57      
Gains and losses attributable to own credit risk, net of tax (52) (52)     (52)    
Movements in cash flow hedging reserve, net of tax (2,086) (2,086)   (2,086)      
Movements in foreign currency translation reserve, net of tax (39) (39)   (39)      
Total other comprehensive income (loss) for the year, net of tax (950) (950)   (1,960) 1,010    
Total comprehensive income (loss) for the year 4,935 4,405   (1,960) 6,365 429 101
Transactions with owners              
Dividends (note 46) (970) (877)     (877)   (93)
Distributions on other equity instruments 429         429  
Issue of ordinary shares 37 37 37        
Redemption of preference shares 0 0 597 (597)      
Repurchases and redemptions of other equity instruments (note 45)         0    
Movement in treasury shares (13) (13)     (13)    
Value of employee services:              
Share option schemes 51 51     51    
Other employee award schemes 131 131     131    
Changes in non-controlling interests (3) (1)     (1)   (2)
Total transactions with owners (1,196) (672) 634 (597) (709) (429) (95)
Realised gains and losses on equity shares held at fair value through other comprehensive income 0     (1) 1    
At 31 December (As previously reported £m) at Dec. 31, 2021 53,152 47,011 25,581 11,189 10,241 5,906 235
At 31 December (Impact of IFRS 17 £m) at Dec. 31, 2021 (1,935) (1,935)   (12) (1,923)    
At 31 December at Dec. 31, 2021 51,217 [2] 45,076 25,581 11,177 8,318 5,906 235
Comprehensive income              
Profit for the year | Impact of IFRS 17 £m (1,632)            
Profit for the year [3] 3,923 [1],[4] 3,389     3,389 438 96
Other comprehensive income              
Post-retirement defined benefit scheme remeasurements, net of tax | Impact of IFRS 17 £m 0            
Post-retirement defined benefit scheme remeasurements, net of tax (2,152) [5] (2,152)     (2,152)    
Movements in revaluation reserve in respect of financial assets held at fair value through other comprehensive income, net of tax:              
Debt securities | Impact of IFRS 17 £m 0            
Debt securities (157) [5] (157)   (157)      
Equity shares | Impact of IFRS 17 £m 0            
Equity shares 47 [5] 47   47      
Gains and losses attributable to own credit risk, net of tax | Impact of IFRS 17 £m 0            
Gains and losses attributable to own credit risk, net of tax 364 [5] 364     364    
Movements in cash flow hedging reserve, net of tax | Impact of IFRS 17 £m 0            
Movements in cash flow hedging reserve, net of tax (5,019) [5] (5,019)   (5,019)      
Movements in foreign currency translation reserve, net of tax | Impact of IFRS 17 £m (3)            
Movements in foreign currency translation reserve, net of tax [3] 85 85   85      
Total other comprehensive income (loss) for the year, net of tax | Impact of IFRS 17 £m (3)            
Total other comprehensive income (loss) for the year, net of tax (6,832) [5] (6,832)   (5,044) (1,788)    
Total comprehensive income (loss) for the year | Impact of IFRS 17 £m (1,635)            
Total comprehensive income (loss) for the year (2,909) [5] (3,443)   (5,044) 1,601 438 96
Transactions with owners              
Dividends (note 46) (1,567) (1,475)     (1,475)   (92)
Distributions on other equity instruments 438         438  
Issue of ordinary shares 105 105 105        
Share buyback (note 43) (2,013) (2,013) (453) 453 (2,013)    
Issue of other equity instruments (note 45) 745 (5)     (5) 750  
Repurchases and redemptions of other equity instruments (note 45) (1,395) (36)     (36) (1,359)  
Movement in treasury shares [3] (60) (60)     (60)    
Value of employee services:              
Share option schemes 41 41     41    
Other employee award schemes 183 183     183    
Changes in non-controlling interests 2 (3)     (3)   5
Total transactions with owners (4,397) (3,263) (348) 453 (3,368) (1,047) (87)
Realised gains and losses on equity shares held at fair value through other comprehensive income 0     1 (1)    
At 31 December (As previously reported £m) at Dec. 31, 2022 47,521 41,980 25,233 6,602 10,145 5,297 244
At 31 December (Impact of IFRS 17 £m) at Dec. 31, 2022 (3,610) (3,610)   (15) (3,595)    
At 31 December at Dec. 31, 2022 43,911 [2] 38,370 25,233 6,587 6,550 5,297 244
Comprehensive income              
Profit for the year 5,518 4,933     4,933 527 58
Other comprehensive income              
Post-retirement defined benefit scheme remeasurements, net of tax (1,205) (1,205)     (1,205)    
Movements in revaluation reserve in respect of financial assets held at fair value through other comprehensive income, net of tax:              
Debt securities (117) (117)   (117)      
Equity shares (57) (57)   (57)      
Gains and losses attributable to own credit risk, net of tax (168) (168)     (168)    
Movements in cash flow hedging reserve, net of tax 1,710 1,710   1,710      
Movements in foreign currency translation reserve, net of tax (53) (53)   (53)      
Total other comprehensive income (loss) for the year, net of tax 110 110   1,483 (1,373)    
Total comprehensive income (loss) for the year [6] 5,628 5,043   1,483 3,560 527 58
Transactions with owners              
Dividends (note 46) (1,752) (1,651)     (1,651)   (101)
Distributions on other equity instruments 527         527  
Issue of ordinary shares 131 131 131        
Share buyback (note 43) (1,993) (1,993) (438) 438 (1,993)    
Issue of other equity instruments (note 45) 1,772 (6)     (6) 1,778  
Repurchases and redemptions of other equity instruments (note 45) (135)       0 (135)  
Movement in treasury shares 103 103     103    
Value of employee services:              
Share option schemes 58 58     58    
Other employee award schemes 169 169     169    
Changes in non-controlling interests 0       0    
Total transactions with owners (2,174) (3,189) (307) 438 (3,320) 1,116 (101)
Realised gains and losses on equity shares held at fair value through other comprehensive income 0            
At 31 December at Dec. 31, 2023 £ 47,365 £ 40,224 £ 24,926 £ 8,508 £ 6,790 £ 6,940 £ 201
[1]
2    Restated for presentational changes; see note 1.
[2]
1    Restated for presentational changes and for the adoption of IFRS 17; see notes 1 and 54.
[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    Restated for the adoption of IFRS 17; see notes 1 and 54.
[6]
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).