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Consolidated income statement - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Profit or loss [abstract]      
Interest income £ 31,288 £ 28,051 £ 17,645
Interest expense (19,011) (14,753) (4,723)
Net interest income 12,277 13,298 12,922
Fee and commission income 2,943 2,926 2,790
Fee and commission expense (1,184) (1,095) (1,070)
Net fee and commission income 1,759 1,831 1,720
Net trading income (losses) 17,825 18,049 (19,987)
Insurance revenue 3,291 3,008 2,461
Insurance service expense (2,733) (2,414) (3,863)
Net (expense) income from reinsurance contracts held (72) 2 62
Insurance service result 486 596 (1,340)
Other operating income 1,934 1,631 1,339
Other income 22,004 22,107 (18,268)
Total income 34,281 35,405 (5,346)
Net finance (expense) income from insurance, participating investment and reinsurance contracts (10,341) (11,684) 15,893
Movement in third party interests in consolidated funds (1,059) (1,109) 1,035
Change in non-participating investment contracts (4,878) (3,983) 3,959
Net finance expense from insurance and participating investment contracts (16,278) (16,776) 20,887
Total income, after net finance expense in respect of insurance and investment contracts 18,003 18,629 15,541
Operating expenses (11,601) (10,823) (9,237)
Impairment (431) (303) (1,522)
Profit before tax 5,971 7,503 4,782
Tax expense (1,494) (1,985) (859)
Profit for the year 4,477 5,518 3,923
Profit attributable to ordinary shareholders 3,923 4,933 3,389
Profit attributable to other equity holders 498 527 438
Profit attributable to equity holders 4,421 5,460 3,827
Profit attributable to non-controlling interests £ 56 £ 58 £ 96
Basic earnings per share (in GBP per share) £ 0.063 £ 0.076 £ 0.049
Diluted earnings per share (in GBP per share) £ 0.062 £ 0.075 £ 0.049