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CONSOLIDATED CASH FLOW STATEMENT - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Statement of cash flows [abstract]      
Profit before tax £ 1,226 £ 4,393 £ 5,960
Adjustments for:      
Change in operating assets (18,650) (11,049) (4,472)
Change in operating liabilities 35,737 3,642 (8,673)
Non-cash and other items 9,594 15,573 (2,892)
Tax paid (736) (1,278) (1,030)
Net cash provided by (used in) operating activities 27,171 11,281 (11,107)
Cash flows from investing activities      
Purchase of financial assets (8,589) (9,730) (12,657)
Proceeds from sale and maturity of financial assets 6,347 9,631 26,806
Purchase of fixed assets (2,901) (3,442) (3,514)
Proceeds from sale of fixed assets 1,146 1,432 1,334
Acquisition of businesses, net of cash acquired (3) (21) (49)
Disposal of businesses, net of cash disposed 0 0 1
Net cash (used in) provided by investing activities (4,000) (2,130) 11,921
Cash flows from financing activities      
Dividends paid to ordinary shareholders 0 (2,312) (2,240)
Distributions on other equity instruments (453) (466) (433)
Dividends paid to non-controlling interests (41) (138) (61)
Interest paid on subordinated liabilities (1,095) (1,178) (1,268)
Proceeds from issue of subordinated liabilities 0 0 1,729
Proceeds from issue of other equity instruments 0 893 1,131
Proceeds from issue of ordinary shares 144 36 102
Share buyback 0 (1,095) (1,005)
Repayment of subordinated liabilities (3,874) (818) (2,256)
Redemption of other equity instruments 0 (1,481) 0
Net cash used in financing activities (5,319) (6,559) (4,301)
Effects of exchange rate changes on cash and cash equivalents (196) (5) 3
Change in cash and cash equivalents 17,656 2,587 (3,484)
Cash and cash equivalents at beginning of year 57,811 55,224 58,708
Cash and cash equivalents at end of year £ 75,467 £ 57,811 £ 55,224