RETAINED PROFITS (Tables)

12 Months Ended

Dec. 31, 2019

Retained earnings [member]

RETAINED PROFITS (Tables) [Line Items]

Disclosure Of Retained Earnings [text block]

	2019		20181		20171
	£m		£m		£m
At 31 December 2017			4,905
Adjustment on adoption of IFRS 9 and IFRS 15			(929	)
At 1 January	5,389		3,976		3,250
Profit for the year	2,925		4,408		3,909
Dividends paid2	(2,312	)	(2,240	)	(2,284	)
Issue costs of other equity instruments (net of tax) (note 44)	(3	)	(5	)	–
Distributions on other equity instruments	(466	)	(433	)	(415	)
Share buyback programmes (note 42)	(1,095	)	(1,005	)	–
Realised gains and losses on equity shares held at fair value through other comprehensive income	(2	)	(129	)
Post-retirement defined benefit scheme remeasurements	(1,117	)	120		482
Share of other comprehensive income of associates and joint ventures	–		8		–
Gains and losses attributable to own credit risk (net of tax)3	(306	)	389		(40	)
Movement in treasury shares	(3	)	40		(411	)
Value of employee services:
Share option schemes	71		53		82
Other employee award schemes	165		207		332
At 31 December	3,246		5,389		4,905

1	Restated, see note 1.
2	Net of a credit in respect of unclaimed dividends written-back in accordance with the Company’s Articles of Association in 2017.
3	During 2017 the Group derecognised, on redemption, financial liabilities on which cumulative fair value movements relating to own credit of £3 million net of tax, had been recognised directly in retained profits.