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Consolidated Statement of the Changes in Equity - USD ($)
$ in Millions
Total
Equity attributable to the ordinary shareholders of the Group
Share
capital
Share
premium
Retained
earnings
Own Shares
Other
reserves
Non-controlling interest
Additional Tier 1 capital (AT1)
Equity at beginning of period at Dec. 31, 2022 $ 677.7 $ 580.1 $ 0.1 $ 134.3 $ 455.3 $ (7.9) $ (1.7) $ 0.0 $ 97.6
Profit after tax for the period 141.3 128.0     128.0       13.3
Gain/(loss) on cash flow hedge reserve 1.2 1.2         1.2    
Deferred tax on cash flow hedge reserve (0.3) (0.3)         (0.3)    
Change in fair value of financial liabilities designated at FVTPL due to own credit risk (6.4) (6.4)         (6.4)    
Deferred tax on change in fair value of financial liabilities designated at FVTPL due to own credit risk 1.7 1.7         1.7    
Gain on revaluation of investments 0.0                
Deferred tax on revaluation of investments (0.3) (0.3)         (0.3)    
Currency translation adjustments 1.8 1.8         1.8    
Total comprehensive income/(loss) 139.0 125.7     128.0   (2.3)   13.3
AT1 dividends paid (13.3)               (13.3)
Ordinary dividends paid (45.0) (45.0)     (45.0)        
Repurchase of own shares (3.1) (3.1)       (3.1)      
Share-based payments 20.3 20.3     20.3        
Deferred tax on share-based payments 2.4 2.4         2.4    
Share settlement (share-based payments) 0.0 0.0     (1.2) 1.2      
Other movements (2.1) (2.1)     (2.1)        
Equity at end of period at Dec. 31, 2023 775.9 678.3 0.1 134.3 555.3 (9.8) (1.6) 0.0 97.6
Profit after tax for the period 218.0 204.7     204.7       13.3
Gain/(loss) on cash flow hedge reserve (29.7) (29.7)         (29.7)    
Deferred tax on cash flow hedge reserve 7.9 7.9         7.9    
Change in fair value of financial liabilities designated at FVTPL due to own credit risk (15.9) (15.9)         (15.9)    
Deferred tax on change in fair value of financial liabilities designated at FVTPL due to own credit risk 4.0 4.0         4.0    
Gain on revaluation of investments 3.4 3.4         3.4    
Deferred tax on revaluation of investments (0.9) (0.9)         (0.9)    
Currency translation adjustments (3.3) (3.3)         (3.3)    
Total comprehensive income/(loss) 183.5 170.2     204.7   (34.5)   13.3
AT1 dividends paid (13.3)               (13.3)
Ordinary dividends paid (63.8) (63.8)     (63.8)        
Share premium 68.3 68.3   68.3          
Repurchase of own shares (19.8) (19.8)       (19.8)      
Fair value of the cash settlement option on the growth shares 2.3 2.3     2.3        
Share-based payments 29.6 29.6     29.6        
Deferred tax on share-based payments 12.8 12.8         12.8    
Current tax on share based payments 0.9 0.9         0.9    
Share settlement (share-based payments) 0.0 0.0     (6.4) 6.4      
Other movements 0.5 0.5     0.7   (0.2)    
Equity at end of period at Dec. 31, 2024   879.3 0.1 202.6 722.4 (23.2) (22.6) 0.0 97.6
Equity 976.9                
Profit after tax for the period 307.7 293.9     293.9     0.5 13.3
Gain/(loss) on cash flow hedge reserve 38.9 38.9         38.9    
Deferred tax on cash flow hedge reserve (10.2) (10.2)         (10.2)    
Change in fair value of financial liabilities designated at FVTPL due to own credit risk 0.0 0.0         0.0    
Deferred tax on change in fair value of financial liabilities designated at FVTPL due to own credit risk 0.0 0.0         0.0    
Gain on revaluation of investments (0.9) (0.9)         (0.9)    
Deferred tax on revaluation of investments 0.3 0.3         0.3    
Currency translation adjustments 6.7 6.7         6.7    
Total comprehensive income/(loss) 342.5 328.7     293.9   34.8 0.5 13.3
AT1 dividends paid (13.3)               (13.3)
Ordinary dividends paid (42.2) (42.2)     (42.2)        
Share premium 0.0 0.0   24.6   (24.6)      
Share-based payments 43.5 43.5     43.5        
Deferred tax on share-based payments (5.6) (5.6)         (5.6)    
Current tax on share based payments 8.8 8.8         8.8    
Acquisition of own shares (44.1) (44.1)       (44.1)      
Share settlement (share-based payments) 0.0 0.0     (33.4) 33.4      
Transactions with minority interest holders (2.9) (2.2)     (2.2)     (0.7)  
Equity at end of period at Dec. 31, 2025   $ 1,166.2 $ 0.1 $ 227.2 $ 982.0 $ (58.5) $ 15.4 $ (0.2) $ 97.6
Equity $ 1,263.6