PARENT COMPANY DISCLOSURES (Tables) - Parent [member]

12 Months Ended

Dec. 31, 2017

PARENT COMPANY DISCLOSURES (Tables) [Line Items]

Disclosure of interests in subsidiaries [text block]

The principal subsidiaries, all of which have prepared accounts to 31 December and whose results are

		Percentage
		of equity
	Country of	share capital
	registration/	and voting
	Incorporation	rights held	Nature of business
Lloyds Bank plc	England	100%	Banking and financial services
Scottish Widows Limited	Scotland	100%1	Life assurance
HBOS plc	Scotland	100%1	Holding company
Bank of Scotland plc	Scotland	100%1	Banking and financial services

1 Indirect interest.

Condensed Consolidated Income Statement [Member]

PARENT COMPANY DISCLOSURES (Tables) [Line Items]

Disclosure of separate financial statements [text block]

	2017		2016		2015
	£ million		£ million		£ million
Net interest (expense) income	(121	)	66		276
Other income	2,792		3,618		983
Total income	2,671		3,684		1,259
Operating expenses	(255	)	(221	)	(290	)
Profit on ordinary activities before tax	2,416		3,463		969
Tax expense	(17	)	(328	)	(72	)
Profit for the year	2,399		3,135		897
Profit attributable to ordinary shareholders	1,984		2,723		503
Profit attributable to other equity holders1	415		412		394
Profit for the year	2,399		3,135		897

1 The profit after tax attributable to other equity holders of £415 million (2016: £412 million; 2015: £394 million) is offset in reserves by a tax credit attributable to ordinary shareholders of £79 million (2016: £82 million; 2015: £80 million).

Balance sheet [Member]

PARENT COMPANY DISCLOSURES (Tables) [Line Items]

Disclosure of separate financial statements [text block]

	2017	2016
	£ million	£ million
Assets
Non-current assets:
Investment in subsidiaries	44,863	44,188
Loans to subsidiaries	14,379	6,912
Deferred tax assets	22	38
	59,264	51,138
Current assets:
Derivative financial instruments	265	461
Other assets	961	959
Amounts due from subsidiaries	47	67
Cash and cash equivalents	272	42
Current tax recoverable	724	465
	2,269	1,994
Total assets	61,533	53,132
Equity and liabilities
Capital and reserves:
Share capital	7,197	7,146
Share premium account	17,634	17,622
Merger reserve	7,423	7,423
Capital redemption reserve	4,115	4,115
Retained profits	1,500	1,584
Shareholders’ equity	37,869	37,890
Other equity instruments	5,355	5,355
Total equity	43,224	43,245
Non-current liabilities:
Debt securities in issue	10,886	2,455
Subordinated liabilities	3,993	4,329
	14,879	6,784
Current liabilities:
Derivative financial instruments	327	–
Other liabilities	3,103	3,103
	3,430	3,103
Total liabilities	18,309	9,887
Total equity and liabilities	61,533	53,132

Statement of changes in equity [Member]

PARENT COMPANY DISCLOSURES (Tables) [Line Items]

Disclosure of separate financial statements [text block]

						Capital					Total
	Share capital		Merger			redemption		Retained			shareholders’			Other equity		Total
	and premium		reserve			reserve		profits1			equity			instruments		equity
		£ million		£ million			£ million		£ million			£ million			£ million		£ million
Balance at 1 January 2015		24,427		7,764			4,115		1,720			38,026			5,355		43,381
Total comprehensive income1		–		–			–		897			897			–		897
Dividends paid		–		–			–		(1,070	)		(1,070	)		–		(1,070	)
Distributions on other equity instruments, net of tax		–		–			–		(314	)		(314	)		–		(314	)
Redemption of preference shares		131		(131	)		–		–			–			–		–
Movement in treasury shares		–		–			–		(753	)		(753	)		–		(753	)
Value of employee services:
Share option schemes		–		–			–		133			133			–		133
Other employee award schemes		–		–			–		172			172			–		172
Balance at 31 December 2015		24,558		7,633			4,115		785			37,091			5,355		42,446
Total comprehensive income1		–		–			–		3,135			3,135			–		3,135
Dividends paid		–		–			–		(2,014	)		(2,014	)		–		(2,014	)
Distributions on other equity instruments, net of tax		–		–			–		(330	)		(330	)		–		(330	)
Redemption of preference shares		210		(210	)		–		–			–			–		–
Movement in treasury shares		–		–			–		(301	)		(301	)		–		(301	)
Value of employee services:
Share option schemes		–		–			–		141			141			–		141
Other employee award schemes		–		–			–		168			168			–		168
Balance at 31 December 2016		24,768		7,423			4,115		1,584			37,890			5,355		43,245
Total comprehensive income1		–		–			–		2,399			2,399			–		2,399
Dividends paid		–		–			–		(2,284	)		(2,284	)		–		(2,284	)
Distributions on other equity instruments, net of tax		–		–			–		(336	)		(336	)		–		(336	)
Issue of ordinary shares		63		–			–		–			63			–		63
Movement in treasury shares		–		–			–		(277	)		(277	)		–		(277	)
Value of employee services:
Share option schemes		–		–			–		82			82			–		82
Other employee award schemes		–		–			–		332			332			–		332
Balance at 31 December 2017		24,831		7,423			4,115		1,500			37,869			5,355		43,224

1 Total comprehensive income comprises only the profit (loss) for the year.

Cash flow statement [Member]

PARENT COMPANY DISCLOSURES (Tables) [Line Items]

Disclosure of separate financial statements [text block]

	2017			2016			2015
		£ million			£ million			£ million
Profit before tax		2,416			3,463			969
Fair value and exchange adjustments and other non-cash items		495			1,986			(1,357	)
Change in other assets		18			(50	)		(566	)
Change in other liabilities and other items		8,431			(8,392	)		458
Dividends received		(2,650	)		(3,759	)		(1,080	)
Distributions on other equity instruments received		(292	)		(119	)		–
Tax (paid) received		(197	)		(679	)		(142	)
Net cash provided by (used in) operating activities		8,221			(7,550	)		(1,718	)
Cash flows from investing activities
Return of capital contribution		77			441			600
Dividends received		2,650			3,759			1,080
Distributions on other equity instruments received		292			119			–
Capital injection to Lloyds Bank plc		–			(3,522	)		–
Acquisition of subsidiaries		(320	)		–			–
Amounts advanced to subsidiaries		(8,476	)		(4,978	)		(1,157	)
Redemption of loans to subsidiaries		475			13,166			570
Interest received on loans to subsidiaries		244			496			763
Net cash (used in) provided by investing activities		(5,058	)		9,481			1,856
Cash flows from financing activities
Dividends paid to ordinary shareholders		(2,284	)		(2,014	)		(1,070	)
Distributions on other equity instruments		(415	)		(412	)		(394	)
Issue of subordinated liabilities		–			1,061			1,436
Interest paid on subordinated liabilities		(248	)		(229	)		(129	)
Repayment of subordinated liabilities		–			(319	)		(152	)
Proceeds from issue of ordinary shares		14			–			–
Net cash provided by financing activities		(2,933	)		(1,913	)		(309	)
Change in cash and cash equivalents		230			18			(171	)
Cash and cash equivalents at beginning of year		42			24			195
Cash and cash equivalents at end of year		272			42			24