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CONDENSED CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED) - GBP (£)
£ in Millions
6 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Jun. 30, 2023
Cash flows from operating activities      
Profit before tax £ 3,324 £ 3,633 £ 3,870
Adjustments for:      
Change in operating assets (21,509) (8,521) (589)
Change in operating liabilities 14,032 (5,930) 10,162
Non-cash and other items 1,671 3,400 2,222
Net tax paid (398) (576) (861)
Net cash (used in) provided by operating activities (2,880) (7,994) 14,804
Cash flows from investing activities      
Purchase of financial assets (5,809) (6,461) (3,850)
Proceeds from sale and maturity of financial assets 5,269 1,641 3,657
Purchase of fixed assets (2,884) (2,077) (3,378)
Proceeds from sale of fixed assets 642 493 534
Repayment of capital by joint ventures and associates 0 (9) 9
Acquisition of businesses, net of cash acquired (63) (352) (28)
Net cash used in investing activities (2,845) (6,765) (3,056)
Cash flows from financing activities      
Dividends paid to ordinary shareholders (1,169) (592) (1,059)
Distributions in respect of other equity instruments (269) (272) (255)
Distributions in respect of non-controlling interests (3) (71) (30)
Interest paid on subordinated liabilities (350) (279) (344)
Proceeds from issue of subordinated liabilities 427 671 746
Proceeds from issue of other equity instruments 0 0 1,772
Proceeds from issue of ordinary shares 170 16 70
Share buyback (923) (470) (1,523)
Repayment of subordinated liabilities 0 (583) (1,162)
Repurchases and redemptions of other equity instruments (1,324) 0 (135)
Change in stake of non-controlling interests (2) 0 0
Net cash used in financing activities (3,443) (1,580) (1,920)
Effects of exchange rate changes on cash and cash equivalents (17) 13 (493)
Change in cash and cash equivalents (9,185) (16,326) 9,335
Cash and cash equivalents at beginning of period 88,838 105,164 95,829
Cash and cash equivalents at end of period £ 79,653 £ 88,838 £ 105,164