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Group - Statement of Changes in Equity - USD ($)
$ in Millions
Total
Total
Share capital and premium
Reorganisation reserve
Other capital reserves
(Accumulated losses) Retained earnings
Fair value through OCI
Actuarial (losses) gains
Foreign currency translation reserve
[1]
Non-controlling interests
Equity at beginning of period at Dec. 31, 2022 $ 4,075 $ 4,040 $ 0 $ 7,239 $ 81 $ (1,774) $ (52) $ (13) $ (1,441) $ 35
Profit (loss) for the period (35) (39)       (39)       4
Other comprehensive income (loss) (21) (21)         (2)   (19)  
Total comprehensive income (loss) for the period, net of tax (56) (60)       (39) (2)   (19) 4
Shares issued 14 14   14            
Share-based payment for share awards net of exercised (9) (9)     (9)          
Dividends paid (76) (76)       (76)        
Dividends of subsidiaries (6) 0               (6)
Transfer on derecognition of equity investment 0 0       (50) 50      
Translation 0 0     (4) 3   1    
Equity at end of period at Jun. 30, 2023 [2] 3,942 3,909 0 7,253 68 (1,936) (4) (12) (1,460) 33
Equity at beginning of period at Dec. 31, 2023 3,740 3,711 420 6,815 76 (2,148) (4) (2) (1,446) 29
Profit (loss) for the period 321 311       311       10
Other comprehensive income (loss) (1) (1)         9   (10)  
Total comprehensive income (loss) for the period, net of tax 320 310       311 9   (10) 10
Shares issued 13 13 13              
Share-based payment for share awards net of exercised 2 2     2          
Dividends paid (80) (80)       (80)        
Equity at end of period at Jun. 30, 2024 $ 3,995 $ 3,956 $ 433 $ 6,815 $ 78 $ (1,917) $ 5 $ (2) $ (1,456) $ 39
[1] Foreign currency translation reserve includes a loss of $1,411m (Dec 2023: $1,411m; Jun 2023: $1,410m) that will not re-cycle through the income statement,
and a loss of $45m (Dec 2023: $35m; Jun 2023: $50m) relating to foreign operations that will re-cycle through the income statement on disposal.
[2] The balances as previously reported have been restated due to the corporate restructuring transaction which was completed in September 2023 and reported
in the Company’s audited financial statements as at and for the year ended 31 December 2023.