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Consolidated statement of changes in equity - GBP (£)
£ in Thousands
Shareholders' equity
Implementation of IAS 29 - Hyperinflation
IAS 29
Shareholders' equity
Restated
IAS 29
Shareholders' equity
Share capital
Restated
IAS 29
Share capital
Share premium
Other reserves
Restated
IAS 29
Other reserves
Retained earnings
Implementation of IAS 29 - Hyperinflation
IAS 29
Retained earnings
Restated
IAS 29
Retained earnings
Non-controlling interests
Restated
IAS 29
Non-controlling interests
Implementation of IAS 29 - Hyperinflation
IAS 29
Restated
IAS 29
Total
Beginning Balance at Dec. 31, 2021     £ 26,355,000   £ 1,000     £ (11,184,000)     £ 37,538,000   £ 125,000     £ 26,480,000
Profit after tax     1,060,000               1,060,000   59,000     1,119,000
Other comprehensive income/(expenses)     834,000         740,000     94,000   (10,000)     824,000
Total comprehensive (expenses)/income     1,894,000         740,000     1,154,000   49,000     1,943,000
Issue of share capital of the former ultimate holding company     21,758,000   21,758,000                     21,758,000
Capital reduction of the former ultimate holding company     (21,758,000)   (21,758,000)                     (21,758,000)
Transactions between the former ultimate holding company and equity shareholder [1]     70,000     £ 70,000                   70,000
Effect of change of ultimate holding company     (118,000)   (1,000) (70,000)   (47,000)               (118,000)
Transactions with equity shareholders [1]     (47,000)               (47,000)         (47,000)
Distributions to non-controlling interests                         (48,000)     (48,000)
Dividends to equity shareholders [1]     (11,930,000)               (11,930,000)         (11,930,000)
Issue of share capital     22,150,000   11,543,000 10,607,000                   22,150,000
Capital reduction     (22,058,000)   (11,451,000) £ (10,607,000)                   (22,058,000)
Share based incentive plans     15,000               15,000         15,000
Ending Balance at Dec. 31, 2022     16,331,000   92,000     (10,491,000)     26,730,000   126,000     16,457,000
Profit after tax     1,049,000               1,049,000   62,000     1,111,000
Other comprehensive income/(expenses)     (425,000)         (431,000)     6,000   (7,000)     (432,000)
Total comprehensive (expenses)/income     624,000         (431,000)     1,055,000   55,000     679,000
Distributions to non-controlling interests                         (58,000)     (58,000)
Dividends to equity shareholders     (388,000)               (388,000)         (388,000)
Share based incentive plans     76,000               76,000         76,000
Tax on share-based incentive plans     1,000               1,000         1,000
Purchase of shares by employee benefit trusts     (38,000)         (38,000)               (38,000)
Ending Balance at Dec. 31, 2023 £ 9,000 £ 16,615,000 16,606,000 £ 92,000 92,346   £ (10,960,000) (10,960,000) £ 9,000 £ 27,483,000 27,474,000 £ 123,000 123,000 £ 9,000 £ 16,738,000 16,729,000
Profit after tax     1,442,000               1,442,000   33,000     1,475,000
Other comprehensive income/(expenses)     (146,000)         (158,000)     12,000   (2,000)     (148,000)
Total comprehensive (expenses)/income     1,296,000         (158,000)     1,454,000   31,000     1,327,000
Distributions to non-controlling interests                         (79,000)     (79,000)
Dividends to equity shareholders     (570,000)               (570,000)         (570,000)
Acquisition of non-controlling interests     (479,000)               (479,000)   (17,000)     (496,000)
Share based incentive plans     102,000               102,000         102,000
Tax on share-based incentive plans     2,000               2,000         2,000
Shares transferred to employees     1,000         41,000     (40,000)         1,000
Purchase of shares by employee benefit trusts     (5,000)         (5,000)               (5,000)
Purchase of treasury shares     (116,000)         (116,000)               (116,000)
Repurchase of ordinary shares and capital reduction     (503,000)   (1,000)     1,000     (503,000)         (503,000)
Non-controlling interests purchase option     (177,000)               (177,000)         (177,000)
Ending Balance at Dec. 31, 2024     £ 16,166,000   £ 90,837     £ (11,197,000)     £ 27,272,000   £ 58,000     £ 16,224,000
[1] In 2022, equity shareholders refers to GSK and Pfizer, which held equity interests of 68% and 32% in the Group respectively prior to the demerger as described in Note 1