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Consolidated statement of comprehensive income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
[2]
Dec. 31, 2021
[2]
Statement of comprehensive income [abstract]      
– profit for the year [1] $ 24,559 $ 16,249 $ 14,693
Items that will be reclassified subsequently to profit or loss when specific conditions are met:      
Debt instruments at fair value through other comprehensive income 2,599 (7,232) (2,139)
– fair value gains/(losses) 2,381 (9,618) (2,270)
– fair value losses/(gains) transferred to the income statement on disposal 905 (18) (464)
– expected credit (recoveries)/losses recognised in the income statement 59 56 (49)
– income taxes (746) 2,348 644
Cash flow hedges 2,953 (3,655) (664)
– fair value gains/(losses) 2,534 (4,207) 595
– fair value (gains)/losses reclassified to the income statement 1,463 (758) (1,514)
– income taxes (1,044) 1,310 255
Share of other comprehensive income/(expense) of associates and joint ventures 47 (367) 103
– share for the year 47 (367) 103
Net finance income/(expenses) from insurance contracts (364) 1,775 0
– before income taxes (491) 2,393 0
– income taxes 127 (618) 0
– exchange differences (204) (9,918) (2,393)
Items that will not be reclassified subsequently to profit or loss:      
Fair value gains on property revaluation 1 280 0
Remeasurement of defined benefit liability (314) (1,031) (274)
– before income taxes (413) (1,723) (107)
– income taxes 99 692 (167)
Changes in fair value of financial liabilities designated at fair value upon initial recognition arising from changes in own credit risk (1,219) 1,922 531
– before income taxes (1,617) 2,573 512
– income taxes 398 (651) 19
Equity instruments designated at fair value through other comprehensive income (120) 107 (446)
– fair value gains/(losses) (120) 107 (443)
– income taxes 0 0 (3)
Effects of hyperinflation 1,604 877 315
Other comprehensive income/(expense) for the year, net of tax 4,983 (17,242) (4,967)
Total comprehensive income/(expense) for the year 29,542 (993) 9,726
Attributable to:      
– ordinary shareholders of the parent company 27,397 (2,810) 7,765
– preference shareholders of the parent company 0 0 7
– other equity holders 1,101 1,213 1,303
– non-controlling interests $ 1,044 $ 604 $ 651
[1] From 1 January 2023, we adopted IFRS 17 ‘Insurance Contracts’, which replaced IFRS 4 ‘Insurance Contracts’. Comparative data for the financial year
ended 31 December 2022 have been restated accordingly. Comparative data for the year ended 31 December 2021 are prepared on an IFRS 4 basis.
[2] From 1 January 2023, we adopted IFRS 17 ‘Insurance Contracts’, which replaced IFRS 4 ‘Insurance Contracts’. Comparative data for the financial year
ended 31 December 2022 have been restated accordingly. Comparative data for the year ended 31 December 2021 are prepared on an IFRS 4 basis.